Makal Business Voice

Archive for the ‘Financial’ Category

The money is in the mind. Everything you need for happiness is within you. Happiness does not depend on external factors but internal factors. Financial happiness is a state of mind where people contentment and satisfaction.
Here the 8 secrets to financial happiness

1. Learning to want less.
2. Organizing.
3. Establish goals.
4. Plan your expenses.
5. Invest wisely.
6. Protect what is yours.
7. Start talking about money.
8. Finding a job that fits.

Regarding point number one learn to like less is the first step to spend less than you earn. It is the beginning of the road to becoming a millionaire.

Regarding the last point, your career is your most precious asset and proper management can afford to generate thousands of dollars in revenue but to enjoy the money to enjoy and love what you do. If not consider doing anything else. Not to do things for money but because they enjoy and pass them to earn money.

Financial management is inextricably linked to corporate management, since all business activity is a reflection of their performance in the network of exchanges involving the corporate dynamics. Hence the importance that employers take responsible decisions and enable their organizations to operate profitably.

From the selection of products and services, purchasing, inventory, financing and pricing and discounts to the markets where it competes, human resources, technologies, installed equipment and planning, all due to the financial management and makes it the center of the process, as well as an evaluation space to know what investments to make and how to get the capital to afford them.

Each of these decisions is to some extent a correct or incorrect performance positively or negatively impact the economic value of the company, while the difference between successful companies and those that are overshadowed the achievement of its objectives by err in their choices.

At this point deserves recognition then that financial management is integrated into one of the functional areas of management, and therefore present in any organization, in order to carry out analysis, decisions and actions related to provide financial resource management. Read the rest of this entry »

At different stages of life should seek to strike a balance in personal finance.  This is a series of recommendations of experts in financial management adapted to local context.

YOU CAN SAVE
From an early age saving is the best way to achieve financial goals for this reason it is important to know how to do it successfully for best results.  For example, if after making a budget is that you can only save G.  50,000 a week, this is sufficient to bring about G.  2,400,000 per year or G.  12,000,000 in five years.

To succeed in saving have to think medium and long term, not less than 12 months, but more important than the amount saved each month is the consistency with which it does. Read the rest of this entry »

Finances are a mystery and, despite this, few entrepreneurs spend much time on your finances than to create their products and attract customers, usually do not even have clear financial areas should be focused.

That is why before starting your own business you should consider 4 key factors that determine whether a company makes money:

1.  Calculate, manage and reduce the cash needed to run a company
We have heard of capital, but each person attributes a different meaning.  Few have the strategic objective of reducing the cash tied up in business, at least make it a key element in managing the product and making other managerial decisions. Read the rest of this entry »

Financial tips for your business success

1.  Spending more than you earn.  If you spend more than you earn are creating debt and debts are paid high interest.  Many people do not have adequate control of their income and expenses, that is why we often feel that not enough money.  Carry adequate control as taught in the Financial Tips book is important to determine whether the level of expenditure is higher than income, and determine where they can make appropriate corrections to rectify this situation.

2.  Do not keep a record of expenses: If you do not know where is the leak can not be correct, the advice is to budget expenses and track them daily.  Many times people make expenditures which do not take note and it is difficult to remember them in detail later.  The recommendation is to record as they are usually petty and unimportant, but they create an important gap in personal finance.

Read the rest of this entry »

To achieve any goal, you need to know where we started and what we want to achieve, for example, if you only measure the financial performance of your business, just get a good financial performance, but unlike more comprehensive vision, including other measures from other perspectives, then you can achieve more than just a specific area.

The Balanced Score Card is a solution that allows us to monitor and control the implementation of planned objectives by managers, which is why it has become the main ally of managers, presidents and directors of major companies in the world.  For one thing, the BSC are guaranteed the fulfillment of the vision within their companies, becoming the most important activity to achieve its objectives.

Currently you can not conceive the fulfillment of a goal without planning how to achieve it, his feet in the present to envision the future, with a flexible plan that can adapt and some point to certain circumstances.

The BSC is a management tool company, which shows continuously when a company and its employee’s alkanes defined outcomes in the strategic plan, helping also to express the goals and initiatives needed to carry out the implementation of the strategy.