Archive for the ‘Personal Finance’ Category

It depends on several factors and depends on the type of business. First you must identify what makes your business different or special. If you have something that sets you apart from the competition then you must work very carefully on that. For example if you have a café that sets it apart from others. Is it cool because of the decor or the music? Are you in a popular or desirable? Do you serve food and drinks?.
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On the economic issue is not only making money but you also have to be careful when we spend, we should see prices, not to go to a big supermarket like Carrefour mean it is cheaper than the store’s return home.
On the economic issue is not only making money but you also have to be careful when we spend, we should see prices, not to go to a big supermarket like Carrefour mean it is cheaper than the store’s return home.
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Unfortunately, personal finances have not yet become a compulsory subject at school or university is probably why most young people have no idea how to manage your money when faced with the outside world first time. If you think that understanding personal finance is very complicated, you’re wrong. All you have to do to stay on track is to be willing to read a little – not even need to be good with math.
To help you get started, we will look at 8 of the most important thing to understand about money if you want to live a comfortable life.
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Tips on how to manage their personal finances.
1. Do not spend more than you earn
2. Save at least 10% of your income
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Some tips seem simple and practical as adults, “Never spend more than you win.”
So easy to say it and how difficult it is to implement in our lives. If only someone had explained about the discipline of saving and how important is finance in our lives, most likely appreciate it.
How I can talk to a child about finances? How do I teach my family about finances? Is there a formula, book, parable or magic phrase? Inverpedia believes that the example and practice are the best tools to educate minors in finance.
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No doubt when it comes to invest, save or spend, we are making implicit emotional management, which for the reader’s view may not be identifiable. It is advisable to be evaluated every act we perform, but you must be aware of some situations that happen to us when we make financial decisions.
According to modern psychology, our behavior is governed in most cases by the beliefs we hold in our mind. Beliefs are maps we use to make sense of the world. These beliefs can be rational or irrational. When we speak of rational beliefs are those based on logic, are flexible and generate positive feelings, as opposed to irrational beliefs that are based on the illogical, are rigid and create significant discomfort in people.
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It is my duty as a financial professional, to share with you some basic principles that are part of people who enjoy financial freedom and have understood that part of your success and prosperity are a number of decisions made throughout their lives
1. Do not spend more than you earn
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One of the functions of finance in a company, is to seek funding.
This fundraising gives basically for two reasons:
- when the company lacks sufficient liquidity to meet daily operations, for example, when you need to pay the debts or obligations, buy supplies, maintain inventory, pay salaries, pay rent, etc.
- when the company wants to grow or expand, and does not have sufficient equity capital to meet the investment, for example, when you want to buy new equipment, when you want to have more teams, get more goods or raw materials to increase production volume, enter new markets, develop or launch a new product, expand the local, open new branches, etc..

all the functions of finance (or the manager or the area or department of finance) in a company, are based on two main functions: the role of investment and financing function.
These functions are opposite, but, while complementary, for example, by depositing money in a bank account, we will be investing money (investment) and, simultaneously, the bank would be funded (funding). And on the other hand, if we get a bank credit (financing), the bank would be investing (investment).
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It is said that a company is profitable if it generates enough income or profit, ie, when their income is higher than your expenses, and the difference between them is considered acceptable.
But right when evaluating the profitability of a company is to evaluate the relationship between profits or benefits, and investment or the resources used to obtain them.
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