It is very common for a professional who has worked primarily in technical areas or an entrepreneur who needs to create the financial plan your business have deficiencies in some of the points mentioned. It is unusual for a professional or an entrepreneur ever have modeled a business financially, so they find a particularly difficult and complex, and they feel very inseguros.fiananzas

After years of reviewing financial plans for business development projects of the students in the MBA program at the EOI Escuela de Organización Industrial, I like to point out five tips that may alleviate the sometimes insurmountable deficit of experience of not having made a variables and estimate a company’s financial modeling.

1. Understand the business

We must become a little expert in the field in which you want to work. Even if it is a very technical field is desirable to learn a minimum knowledge allowing us to understand the business. This will, contrast and understand all information used in the plan. The aim is to prevent parts of the project has become for us a black box that can only be interpreted by the business manager or a technician in an area.

Conclusion: You can not model something that is not well understood.

2. Use common sense

It is very usual common sense left out of the spreadsheet that we created. Take the basic assumptions of the model using common sense. Seek the arguments you would use if someone rebutting these hypotheses to contrast and see if they are solid arguments or not. As you progress in modeling occasionally look back and be critical of what they’re doing. It is customary to take hardly defensible hypothesis or disprove the initial hypotheses also to get into the modeling exercise.

Conclusion: It is essential to use common sense and be very critical of our model.

3. Make a simple exercise

The spreadsheet is a very powerful but very dangerous tool. It is common to find an entrepreneur bogged down with cumbersome financial model that has gotten out of hand and without being able to square it. Experience shows that make a very detailed planning exercise does not imply that a better financial plan. The aim is to anticipate what will happen, and this is best done with a simple model but correct.

Conclusion: It is always best to make a simple financial model and complicate later.

4. Simulate the cash flow statements in the long term

Many books state that the cash in the financial plan allows you to square the balance. Many entrepreneurs believe that it is therefore necessary to create a box to reach cash flow equal to the duration of the project. That’s true if you have modeled everything right in the profit and loss accounts and balance sheet. But usually the first modeling of a project to have some inconsistencies, so it is recommended to estimate the three financial statements (income statement, balance sheet and cash flow) and try square. The probability of not having treated uniformly an element of the plan in the income statement and balance sheet is reduced so much.

Conclusion: use the cash to match the balance is very dangerous because it does not detect inconsistencies in the financial model to operate the cash balance as a cushion to hide any errors.

5. Create scenarios

Sensitivity analysis is an exercise that attempts to see the sensitivity of our business plan to the variation of the main variables of the project. Despite having such a powerful tool for this task as the spreadsheet is not usually enough time to devote to this exercise. Experience shows that the probability that the key variables behave as we estimated in the model is not very high, so creating scenarios is essential to understand what actually might happen.

Do not Get The Facts On-line
Before visiting the dealership, here are three words, because without a car. There are many facts without a car online. You can even find a way to make a proper report on the vehicle you are interested in abandoned car, the Internet offers you all the information you need — models, colors, prices, options, whatever. All car manufacturers now have Web sites. In most of these sites, you can make your vehicle through the choice of the model and all the options you want. At the end of the construction of the virtual vehicle, you receive an EIA. (Price) that can and should take to the dealer. This saves time and energy because you know exactly what you want and you know the approximate price. Again, do online research as much as possible. Do you know what you are looking for. Because they are used to buy, you may need a little more flexibility in options and specifications. But there is much of an idea of what you are looking to buy. Go online and check out Consumer Reports and other car websites giving you the objective information you need to make a wise decision.

Unfinished, with a case a broker (Mark), now appears a new term that is a broker News (Marta), a villager’s response is now more openness of information literacy as the current era. Two terms that may not be a new term to the experts in their field or for those who have long information literacy. But for ‘ordinary people’ this term they may be a new hearing. As with any other term that developed in 2009 when the General Election, Prita Mulyasari, Case Antasari, conflict-Police Commission, Scandal of Century Bank, etc..

Unfortunately, over time and as the mass media agenda setting that reduces the intensity of coverage, especially on topics that are not yet completed, the terms that were developed in those cases also involved a new sink and replaced the term. And the term which is now on the rise is simply a case a broker or middleman News or Mark and Martha

Mark the term itself has only reached the top of the popularity over time and as the discovery of the perpetrators of other markus, proved a popular new term follow-up that any broker or Marber News abbreviated Marta. Marta term itself is on the rise as resource persons allegedly engineered (markus) by TV One.

Among the two terms above, which also deserve a special spotlight is broker News. Because so far the mass media sometimes like a judge and a skipper of a problem existing in this country. Journalism practices on behalf of the people should be examined from various dimensions vary from the dimensions of economic, political, and so forth, including competition among the media in this country.

Cases that hit TV One is just an example because in my opinion and based on my monitoring found the news very sad verification. Pursue running and racing to be the fastest way of presenting information is sometimes not matched by accuracy of the facts. If then the topics raised concerning lives of many people and the future of this country then the news ‘yellow’ like this certainly is not good.

If we describe in detail, related to Mark and Martha is definitely going to be long and I personally do not want another long-winded response to two terms, I hope the second term is the term the trend is not instantaneous! I hope that this term functions as a scalpel to peel all the damage that is associated with the cases.

With the shape of Mark all the Task Force involved a problem despite the government or others will not be arbitrarily own. In deciding a case. They must manyesuaikan a problem. And as markus task force should also be fair and decisive in deciding the cases exist.

source: http://indah62.student.umm.ac.id/

Director of Compliance and Revenue Potential of the Directorate General of Taxation Taxpayer Petrus Tambunan states (WP) who are currently enrolled in the Directorate General of Taxes as of April 30 this year reached 14,101,933 people. However, the new received 7,733,271 yag SPT SPT.

“From these figures, the ratio of tax compliance was 54.84%,” and is the highest ratio of taxes to pay compliance issues. The rate was the worst figure in southeast asia.

WP compliance ratio was increased from the previous year which amounted to 52.61% with a total of 10.28959 million registered WP. While the returns received only 5,413,114.

Peter says it will continue its efforts to increase compliance with the delivery of this tax return. The trick with doing inventory on the WP and the taxpayers who do not or have not submitted tax returns and tax return income tax period for VAT tax year / fiscal period of the previous and current year.

“We will issue and send a reprimand, appeals, tax bills,” he explained.

Besides, Peter says it provides socialization taxation rights and obligations concerning the implementation of taxation to the taxpayer, especially the new WP.

“We will also send a letter of thanks to the 1000 WP the potential of his tax returns on corporate income is received on time with a sample letter there,” he said.

Financial information and salaries

Finance Minister Sri Mulyani in explanation of the draft Government Work Plan 2011 in Musrenbangnas 2010, Jakarta, Wednesday (28 / 4), promises to increase salaries and pension principal cities of civil servants (PNS), members of the military, and police, amounting to 10% in 2011 . This is a part of the basic policies of central government personnel expenditure in 2011.

“Shopping will no increase in staff salaries of civil servants, military, and police, as well as retirement,” said Sri.

Not only that, the increase in personnel expenses in 2011 also continued to accommodate the provision of salaries to the 13th and 13th of pension provision for pensioners

Here are some tips from the budget that has been developed by financial experts to help people build a better sense of financial security.

1. Changing the way we think about budgeting is the most effective of all the possibilities for the study council budget. Think about your budget as a sort of spending plans. Most people think that the budget is just another term to restrain their spending. However, if you create a spending plan that helps you focus more on the best ways to spend their money and create the right balance between your wants and needs.

2. The other end to the budget, that really makes sense, is that if you really intend to save money, you should ensure that expenditure is much smaller then your earnings. This is the basis for forming any kind of financial security. To create a smart spending plan is important that you know what the total revenue and total spending.

3. Creating a solid financial plan plays an important role in helping to save money and achieve all their financial long-term goals.

If your goal is to maintain a minimum $ 300 monthly savings, but the excess cash is only reached $ 200 per month, you must provide your financial goals or your cost. This requires taking a good look at their priorities.

4. Keep your first priority. Whatever the approach to the budget you may want to take, it is very important that you first pay off all essential bills before switching to non-essential luxuries.

5. Many people did not know what they spend their money.

If your goal is to save money, you need to know what their money is spent. Upon to make financial records, and write all those great, and the costs for several months. This will give an indication of where you will not need to spend money, and will also help identify areas where you can save.

6. Start with temporary financial plan. Long-term financial goals only that, long term and can easily become discouraged and give up. Short-term goals and then move to the top will give you a taste of success and stay motivated.

7. Get your housing and car loans and mortgages they automatically deducted each month from your checking account. This way you know that they are paid and can not have the temptation to spend on the other needs.

8. Look at your spending plans are periodically and see if they have been able to achieve so far. You may have to change or make revisions to spending plans if no changes in circumstances.

Get advice from expert professional financial adviser will help you manage your finances better.

I wonder now what is so easy to work on the Internet, how many hours work, at what time thinking about our retirement?

Since I work at home with an Internet connection and computer, all the aspects of my life I have to drive myself. An employee only has to follow a thought for the business role, a role proven to work.

The main point is to manage the finances of my business, Internet business because I can easily carry a lot of business, although it is advisable to go as climbing a ladder, climb and only if you are giving a good first step profitable business.

How many hours to work and when to retire?

Often as we age we need more thinking about retirement from work, but look good, does what we talk about? Because if we work with the communication tools will soon have a system working for us.

At first we work long hours, and we enter a new field where you have to learn how to self-taught, many hours learning to drift back and forth between action to master the tools and achieve a proper social personality.

“Social intelligence takes time or money? What I can do to be more social?

No doubt it is very necessary to understand the importance of personal finance to live peacefully and competitive in this world with a modernity that are just beginning to understand.

So now what we have to do is think about a savings account, better manage money and prepare to become an investor. On the Internet does not require large sums of investment, but more than ever that investment is very important to be competitive, especially investment of time.

Consider a traditional insurance plan, how safe this, or do an insurance plan as an employee who gives us so much? Instead think of insurance that can give our money to work, I think, is the best option. What do you think? I think quality of life is only possible with a long time, and of course a system or our money working for us.

Main Causes of Late Micro-Finance

In many cases, the delay is generated by our institutions to establish policies that are not based on the needs of our users.

The reasons attributable to the institution are:

a) Methodology used for the placement of loans.
b) Fraud
c) Institutional Culture

Then review each of them.

METHODOLOGY USED

It is the way of handling credit established by the institution, which involves several elements such as:

- Establishment of the loan amount:

The amount to be provided to the client must be based on ability to pay and this is determined as the net amount available after taken into account the income and expenditure of the economic unit.

- Cash flow:

Net balance available should be calculated taking into account the cash flow and not strictly family business. This is an important issue because it must be noted that in most micro-entrepreneur’s family intervenes. Thus, the partial payment flow is obtained family is not necessarily a direct product of the investment. Take for example the case of a loan for the purchase of private farms or fattening cattle, the monthly payment you get the business of other family activities and flow of investment in livestock.

- Date of payment:

The date of disbursement or the time it is performed is critical to ensure that the destination of the funds provided are for productive business activity.

Should be preferred as the date of disbursement that in which the employer may, indeed, make the investment and / or that when the line of business allows you to have available to repay the loan installment.
Avoid disbursement dates to coincide with an event in which the loan can be diverted for other purposes.

-Relationship with the client:

companies need a continuous flow of financial resources to facilitate their operation and growth, so any financial institution should seek to maintain an ongoing relationship with each of its customers.

Means to be in regular communication with the client and not to leave once it has granted the loan. Hence it is established that the payment of contributions is made in small part, as a condition for successful recovery. This keeps the employer aware of his debt with the institution and creates the habit and discipline of payment.

-Authorization and recovery of the loan:

it should be, at first instance the responsibility of the loan officer. It is very difficult that he can blame the delay in payment of a loan to the credit analyst, when the loan is not authorized by him. However, when credit analyst proposed loan under the conditions and policies of the institution, you may be held responsible for their collection, you may commit to maintain strict discipline in the payment of its customers and is also can be evaluated and rewarded according to the quality of the portfolio.

FRAUD

Another cause of delinquency is attributable to the institution fraud.
We can say that behind most of the problems of default is always fraud.
The fraud may take different forms, among the most common are the following:

Agreements between the loan officer and client, which breaks the methodology and operating policies-Loans false-Diversion of resources in many different ways, where the loan officer is required to handle money, false information to hide blackberry

Some measures to prevent fraud are:

- Conduct training, by emphasizing the values and responsibility of a credit analyst

- Develop a good methodology with an information system based on data matching and allows intensive monitoring and control measures

- Establish good wages, with a suitable program of incentives for loan officers

- Have a computer with good support and operational management reports.

CORPORATE CULTURE
The third reason attributable to the institution is the message that it transmits to the client through the treatment of employees down with him and his way of operating. This culture is implemented through the following:

- Understanding customer needs:

The customer is using the financial institution must be based on clear and deep understanding of the functioning of micro and small enterprises and their investment needs without traditional collateral. The institution must maintain an open relationship with the client to understand their needs and respond to them.

- Recurrence and degrees of loans:

The employer should know very clearly that by paying a loan on time can have immediate access to the next and it can be of greater amount, depending always on your excellent credit history and liquid balance standard cash flow.

- Stay in the long term:

The institution must give a consistent message of their status and commitment to remain on the market, so the employer knows it has a permanent service. The message should be that the financial institution is committed to the growth of micro and small enterprises through financial services and therefore “here to stay”. This creates a mutual commitment: the institution, for the permanent facility and the employer, for timely payment.

- Agility in granting the loan:

For micro and small businesses the opportunity cost is one factor that allows growth and, in the same way, should be minimal transaction cost. Both rely on a service very agile, quick response to the request of the loan. This is a task and a challenge for the executive loans.

- Dependability and punctuality:

Unable to customer demand timely payment of a claim if, conversely, has not been punctual and very formal in the disbursement. Punctuality and dependability are the moral authority to demand payment of claims.

- Respect customer:

Good service credit should be based on strict respect for the client. The clothing, appearance, language and good treatment of the loan officer are essential. Similarly, you should respect and take seriously the business project presented by the client. Just remember that a family’s economic dream is embodied in the draft business and that micro credit can help to do it.

Another thing that should be owned by the businessman is the skill to read the company’s income statement.

The goal is that we can know how much total product sales, how much spending our company, how much gross profit and net profit of course how much your company, if we are lucky company.

For those of you who already know about the terms of the financial statements of income, there is no harm in you still read it. Who knows with repeated reading this article, the more you memorized.
1. Cost of Good Sold (COGS)
HPP can be divided into two terms. If the retail business or an agent, the HPP is the total price you must pay for a product that you sell during the reporting period, plus the cost of shipping products from the place where you buy your store. Whereas if you’re in manufacturing, HPP is the value of initial stock plus purchases, shipping cost, materials, labor and fixed costs or overhead. After that you subtract your final preparations.
2. Expenditure
In the financial statements of income, which includes the cost of doing business, including several items such as wages, telephone bills, depreciation, and other promotions.
3. Dividend
Dividend income is part of the company you pay (if your manager) or you share with our shareholders with certain value per share. Its value depends on how much the shares are invested by each investor with an agreement percentage of division.
4. Gross Profit
Gross profit is income before deductions of expenses, taxes and other charges.
5. Net Income
Amount of your money remaining after deducting all of your bills and taxes.
6. Net Profit
In some books that discuss the financial statements of income, net income divided by net revenues. Net income is your income before taxes.
7. Net Sales
Net sales is the total all the money you earn from all your sales minus returns (if any consumer who returns you your goods), allowance (allowance), discounts, and discounts or rebates.
8. Retained Earnings
Is part of your company’s net income that you pay or you do not distribute to shareholders in the form of dividends. Retained earnings are usually invested or reinvested into the company and the value you have accumulated during the useful life of your company.

In good financial management is not meant to be seen to be sophisticated or expensive. Good financial management can be started from the usual three simple steps are done by all the owners of small businesses or even home.

1. Divide Between Business and Finance Personal Finance

When we decide to jump in the world of entrepreneurship, the first financial step taken was to separate the financial business and personal finance.

If we combine the financial business and personal finances, it almost certainly will find it difficult business owner when business began to grow. This is caused by the flow of funds (cash flow) that overlap between the interests of business and personal interests.

Separation of business accounts and personal accounts aim to facilitate us to arrange it. In addition, the separation will give a clearer picture about the financial condition of our business.

For its implementation, business owners can begin by opening a savings account that is different. Not why, if the accounts are still over a personal name. What is important both separately. One is for business cash flow, and the other for personal financial cash flow.

If you open a savings account at a bank is not possible, then it could also separate the business finance and personal finance in your wallet / envelope different. For business, then the entire flow of funds stored / retrieved from the wallet business, and for personal business, the flow of funds stored / retrieved from the personal affairs of a special wallet.

2. Note Each Financial Transaction

The important thing often overlooked is the recording of financial transactions business. I admit that record every financial transaction can be a tedious thing. But remember, we can not get a clear picture about the financial condition of the business without such records.

Recording business transactions can be done with simple things. I once wrote an article about this in the Easy Way Bookkeeping For Small Business.

3. Budget Flats (Budgeting)

Preparation of the budget are considered important in any business because it helps business owners to allocating funds according to their needs. With budgeting, we would have a guide of things where I need to be prioritized finances, including spending limits.