bank card account
Effective credit policy of the enterprise
Why is there a need for an effective credit policy?
Due to the high level of competition in the food market, the situation is such that in order to increase the attractiveness of its products, enterprises are forced to lend to wholesale-level operators, and those, in turn, retail stores. As a result, a significant part of the company’s current assets is always concentrated in accounts receivable for works, goods and services.
Enterprises have to increase accounts receivable in order to achieve their economic goals, which can be expressed using an absolute financial indicator – “Net profit” and a relative indicator – ROCE (return on capital employed – profitability of working capital). Both indicators characterize the efficiency of the enterprise, which is expressed in the fact that the organization “does what is needed in a proper way”. Continue reading
Tales of Consulting Tribes
The development of the consulting services market goes through the same stages as other business lines. First, in the literal sense, all who feel like it are climbing. Then, most of these “enthusiasts” because of their incompetence and, apparently reconsidered, leave this battlefield. The rest are gaining experience, but over time it also becomes clear that they, due to certain reasons, are far from providing professional services at the output. Personal experience is no longer enough, and even approaches developed on the basis of common sense cease to justify themselves. The market at the same time is filled with new representatives who have not only theoretical training, but also real work experience in the area in which services are offered. Thus, professionals are coming to replace amateurs. All is natural. But to date, the market has experienced some difficulties thanks to consultants, who, fortunately for the customers, have already left the consulting market. Continue reading
Professional assistance in conducting financial consulting – an overview of the TOP-3 service companies
The market of consulting services in Russia and the CIS has not yet reached the international level of development. Half of Russian businessmen do not know what professional consulting is and what they eat it with.
Therefore, the choice of qualified financial advisors for many companies is difficult. To facilitate the task for novice entrepreneurs, we selected from the list of applicants the three most reliable firms specializing in consulting services.
1) Personal capital
Personal capital The Personal Capital company positions itself as the first company in the Russian Federation that has made consulting services available. The founder of the organization is Vladimir Savenok, the first independent financial consultant in the country. The company’s mission is simple and clear – to help customers competently manage their assets. Priority activity – the search for profitable areas of investment. Continue reading
