10 Tips for Better Business

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the Business Name any lawful activity, the purpose of which is to obtain income."Improving business" - the title is too general to provide any specific advice.It all depends on what type of business you plan to develop and in what condition it is in this time.In general, the improvement of business - is the use of comprehensive measures to improve financial performance (profitability) of the business, reduce business risk, improve liquidity and create a foundation for its further razvitiya.Dlya of NFE and publishes 10 tips to improve your business.So, 10 tips to improve your business.

main determining factor differentiating one business from another is its owner.From an entrepreneur and independent approach to their work, and the case, and his psychological makeup uspeshnost.Imenno business owner determines what he likes to engage refers to the temperament of a businessman and his ability to navigate to the extent of problems that must be solved in the course of everyday work.From this viewpoint, the business can be divided into active and passive.The difference between them in principle.Active business entrepreneur who decides when and what to do with their own money.Passive business is usually investing in projects.Investor transfers control their own money to specific individuals.These people, as a rule, employees in the company, while at the same time, they may hold shares in the company they manage, that is to be active biznesmenami.S psychological portrait is connected and other important characteristics of entrepreneurial activity.We call it a penchant for speculative business or long-term projects.Speculative business include all trade - and commodities, and servants, and "air".Speculation suggests a high yield, rapid turnover of goods and high risk.We begin with a speculative biznesa.Pervoe his rule - efficiency, instant response to changing external conditions.Daily (and sometimes - even every second) to monitor the situation in their niche, tracking demand for products or services, find suppliers and customers, the high cost of promotion (in particular - advertising), in most cases cover the costs and bring the desired rule pribyl.Vtoroe- prediction of the situation in the short term.The specialist can and should assume what changes will occur in its market in the near future and to take preventive measures to the proposed changes.However, the approach to this matter should be very careful.It is necessary to think in advance what would happen in advance and do what others will do, when the anticipated event comes.At the same time it is necessary to foresee and that will need to be done if the alleged events in the future will not happen, that is, to take protective measures against the advance of the changes that he himself had started.Of course, protective measures divert some resources from the already modified business, but without the insurance business can end up a complete collapse of the enterprise.However, if the trend is guessed right - cream removes the most pervyy.Trete rule - development approach of using insider information.Of course, it is generally applicable to those who have this information which is accessed.Using insider, you can prepare for changes in the market according to the second rule.Of course, we must remember that the one who enjoys the third rule, on the verge of the law.The third rule can be circumvented in the case if the entrepreneur - an expert in your field.In this case (according to the second rule), and he is no insider will know what will happen in the market in the near future, since understands what is happening now, and will advance some mery..Upomyanutye above rules apply to the riskiest sectors of activity- own business.It is about those who are registered as individual entrepreneurs and whose resource is not enough to hire a large number of workers who do without economists, accountants and other professionals in the relevant business sectors.This business belongs to the category of "active" or "hyperactive" as an entrepreneur is responsible not authorized capital and personal assets.The fourth rule - maintaining maximum liquidity - it is of paramount importance for individual entrepreneurs.These people have the highest exposure to the external environment.Therefore, they are required to maintain the business in the pre-crisis state.This means that businesses must maintain the ability to be sold at any time with minimal loss of time and cost.Therefore, the production is not suitable for the SP, as in the production of very long life cycle.Trade and services, is better - 100% prepaid and minimal overhead - that sector of the individual entrepreneur.Of course, every rule has isklyucheniya.Pyatoe rule applies to those who fell into the exception of the fourth rule.That is, to those who are engaged in production.Hyperactivity involves not only the efficiency of management, and efficiency in the production of new models.Ideally - to one and the same equipment produced completely different product.Retrofitting jobs should take as little time as possible and require fewer resources.Ideally, the workshop presented a modular type, which is easily reprogrammable CNC perform monotonous and difficult work.In the Russian version of the rule it has a completely different shape.Instead, the development or procurement of production lines applied extremely cheap and largely illegal work.The more labor no rights - the cheaper production.Certainly, the quality suffers.But the goods with low price, even with more low quality will always find a pokupatelya.Sleduyuschie rules apply to a passive business.It is not correct to think that the "passive mode" work, those who could not survive in the real fast-paced environment and have already retired.Engaged in this business people are thoughtful, cautious, with significant experience.The sixth rule - to maintain the reliability of investments.Diversification of investments and investments in reliable companies or individuals has proven a significant "plus" - reducing business risks.The profitability of the business with the passive is lower.This is due to the fact that reliable companies have significant resources that need podderzhivat.Imenno maintenance of a complex system, maintaining its reliability requires additional costs.The seventh rule describes Warren Buffett, in his "Essay on investments, corporate finance and management companies."He writes: "Investment activity should follow the principles of fundamental analysis of economic activities of the companies."We are talking about the principle of a realistic assessment of the investigated companies.The basis of any company are its tangible and financial assets.That they are a "safety cushion", which should work in favor of the investor in the event of the real problems in the enterprise.It is the "principle of Warren Buffett," that is, the analysis of the real assets of the company, the basis for the work "Independent financial expertise."Other assets such as "good name" of secondary importance.The crisis of 2008 is clearly pokazal.Vosmoe generally "passive business" mentioned earlier.This is the anticipation of developments in the market.But if the operational management of the resources were essential near-term prospects of the market, the "passive mode" are important trends in the development of entire sectors of the economy.Macroeconomic system is much more stable than individual enterprises.View near and distant future of the system - the most important task of "passive" investor.It may be, does not require high speed, but the professionalism of the highest quality is not as important as in operational zadach.Devyatoe rule - diversification of production or services.Note that the parallel production (services) require simultaneous investments.Funding for multi-business is very expensive, though it increases the very important feature, which is called the "financial stability."To rule applies the same methods as in the previous case.Diversify possible or expensive equipment or cheap illegal labor.And the second method is preferable, although not zakonen.Pravilo last tenth.It is widely practiced not only in the Russian business, but in life in general.It is called "administrative resource".This border strip between the law and "concepts."The author does not use this rule calls.But we must clearly realize that it is - one of the essential aspects of life in modern Russia, and silent about this - so do not reflect the real state of affairs.But count on the stability of this resource is not needed.In America, too, the police took bribes, but these facts have long been in the past, the company has managed to cope with it.Russia is no worse.