Business Capital Modal

Posts Tagged ‘Entrepreneur’

In this article I will discuss the keys to understanding what a financial budget and how to make it so that is useful for the entrepreneur and as a tool in our business plan to present to an investor.

A pre-requisite of the budget (or plan) financial, is to be clear almost all of our other plans, such as marketing, sales, operational, and so on. This is because, unlike other plans, the financial plan does not provide new information but simply summarizes numerically everything before we said we would be doing. For example, should be consistent with:

The investments we said we would do: its costs and returns. This is usually associated with investments in advertising.

Office costs, capital goods (machinery) and labor (salaries, social charges, SAC, contributions, etc).
The cost of capital. Read the rest of this entry »

It is not “bleed Benito”, but I saved my life. Surely more than a marketing or technical entrepreneur has found the tessitura of need accurate information market, and it is only available in studies and reports of payment.

That was my case preparing the business plan of Loenviogratis.com, the business that I’m stuck and soon will send letters and photos for free. Javier Sanchez Verdasco, our wonderful advisor, we sought to refine the development of our sales figures about the mailing market in the United States, specifically its annual results and estimates of future business. The source of reference are expensive Direct studies Marketing Association (DMA) and other companies such as Forrester, and obviously we could not afford to pay up to $ 700 for each one of them.

Well, I ‘ve turned the corner with this simple but powerful trick : go to Google advanced search and look for the title exactly the report you need only in format file PDF .

In my case the miracle happened , but not where I expected but an alternative route. I found no recent report by the DMA (although a 2001 still useful for historical series or to get an idea of the document), however I did find a report ” White Paper “prepared by Winterberry Group on trends in the mailing together for 2008.

In fact Google did not give me that PDF in particular, but other PDF of this company that seemed promising. I went to Winterberry Group’s website, and there were free this and other reports . Then I looked directly by its file name, but Google could not find them. So here’s a technique derived: if you find a report that goes to 100% you visit the website of the company who made ​​it, because like if you find useful material here.

As I have said to me things were great. Winterberry I signed, I downloaded your white paper , and voilà , on pages 3 and 4 were the graphics and data needed, taken in addition to studies of DMA with what he knew came from an authoritative source .

And to make me even happier, the study concluded that the mailing market is estimated to rise in the U.S. 5% annually between 2008 and 2011. If it is true that what happens in America is replicated in Spain with a year’s delay (recession by), I think my free postal service will enter a wonderful bull market .

The bankruptcy procedure is very long and expensive: why the law considers it useful for various stakeholders only when the entity is of medium or large.For smaller companies, however, essentially not worth the trouble and to satisfy the creditors are most useful, the ordinary individual enforcement actions.

The law, therefore, prevent the “small business” is likely to fail. But who is the entrepreneur? This definition has changed many times, and only the new rules came into force on 1 January 2008 should be the definitive one.

The entrepreneur is now the one who has three conditions jointly gender dimensions. The assets must not be over three hundred thousand euros in the three previous years or the date of start-up if more recent; revenues last year should not be over two hundred thousand euros in the same timeframe, the total debts currently be, expired and unexpired, shall not exceed five hundred thousand euros. Read the rest of this entry »

One of the most important decisions that every entrepreneur needs to make when starting a business has to do with the election of a shop and all risk factors that revolve around it.

And no wonder, since the success or failure of a business has a lot to do with the proper selection and location of the premises for the same. Today I share at least 10 tips that you can not omit to make the decision more intelligent.

1. When should think of a shop? Not all businesses need a room or office and in fact depending on the type of business you do, you might consider the possibility of using your home, garage or any space that a family member or acquaintance will provide income for some symbolic.

The rent of a room should consider when you have some savings to cover the costs of rent and maintenance, and when your business has enough structure to open their doors and keep the pressure to generate sales.

Of course, there are some types of businesses which have a formal local is imperative for them, the following tips are essential.

2. Buy or rent space? Although it may seem obvious, the answer to this question for every entrepreneur is to start renting a room, as this will allow you to minimize risk while your business grows enough to spread out and then consider buying a separate room.

Renting a room is good to know your business and your market while you grow gradually.

3. What advantages does rent space? The main and most important is that work on temporary contracts (usually for periods of one or two years) so you can assess whether the location gives you the benefits you expect in terms of location, size and cost and if I ever need to make the changes required.

4. How much should you pay for rent? This is an important question, but the best way to answer it is through a budget. Not all businesses are alike, nor have the same costs or the same profits.

Overpaid income can easily devour your profits and destroy your business. While rental costs are usually high, we could say that a good measure of reference to calculate the local investment should not exceed 30% of the monthly operating budget of your business.

5. What is a good location for my premises? The proper location of the premises can make the difference between many clients and few customers.

This is especially true for the types of businesses where the client looks for stores and is attracted by the presentation of your business. Some other important factors to consider are: ease of access from a vehicle, parking available, security and above all you are located in the economically correct. Read the rest of this entry »

You hate your boss?, “Resent the decisions of the company they work?, Are you indifferent to your job and only dreaming of the day you have your own business? If so, you’re probably going the wrong way and need to become an employee-oriented business.

Why?

Because one of the main signs to know when you’re not prepared to start your own business is to be clear about how business works and why certain decisions.

Hence, if you still have a job and experience any of the above symptoms probably need to first develop an entrepreneurial mindset.

Your Job is an Opportunity

In this blog we believe in financial freedom. We believe in creativity and ideas and believe that everyone, whether it is proposed, can accomplish great things and improve their standard of living by starting your own business.

However, it is a proven fact that the best school for being a good employer is your job.

If you change your mind and instead of seeing your work environment with negative eyes, you try viewing with learning eyes probably taking (free) one of the most valuable business lessons that you can receive. Read the rest of this entry »