Friday, May 22, 2009

MANAGING FINACIAL TIPS



Salary Up to Self:

1. If you still do not have enough savings is not to hire themselves first. Moreover, if every business you still get
no return.
2. If you already have a business profit, salary themselves and compare with the first salary in other company
employees who occupy positions equivalent, or imagined as if you pay someone to occupy that position.

Division of Income:

1. Do not do the division of profit before business capital behind you.
2. Reduce the amount of profit in the amount of BEP; 50% is the maximum profit that you should take.

How to control spending:

1. Do not be wasteful just because you feel successful with your business.
2. Nothing to pay more for the development relationship.

Protection, Protection, Protection

1. Have a reserve fund the amount of approximately 6-12 months of the family; to anticipate this in case you have
not get the division of profits or salary during the first few days when running a business, or when at a later
time you are in business to decline.
2. Take life insurance;so that's the case of death on you, your family can still pay the cost of his life even if your
business can not provide the profit.
3. Take health insurance, is to anticipate the risk of illness is generally more likely occur on a business owners like
you than if you become employees
4. Take car insurance, so if there are natural in your vehicle, you do not need to use their own money to pay for
them. The behavior of a bad drive when creating the risk of this natural, and you must insure your vehicle.
Moreover, if the vehicle is also used for business.

DO Want to ANALYSIS WHEN NEW BUSINESS

1. Try to actually perform the analysis when a new business you want to open strongly differ with your previous
business example financial analysis / financial reports. Analysis that you do on the field of new business that
truly is
different from the business that you previously would have to be more than in the new field of business
you
want to open still have similarities with the previous business you do with the other example Financial
Analysis. In this
case, as you start a business that's exactly zero. more than that should do the Financial Analysis
for your

business.

2. Know that even though there are other players who have successfully in an industry, not a guarantee that
you as the entrant will be successful, do not think just because you have a friend in running a successful
business example audit services or a public accountant, you surely will also be successful in business the same.
A
business can not succeed because the field that you select, but because of how you run it. Take advantage of
books and the media - this time, there is often talk about secret-secret areas of the particular business.

3. Focus your analysis on the promotion and marketing activities you can do than to analyze what the needs will
already have your product or not example financial analysis / financial reports. If all people in Indonesia just
waiting
on evidence or not there needs to a product, there will be no business that way.

4. Do not use all your money in the capital for new businesses to open example audit services or a public
accountant.
Try to find ways to use less capital, or see if you have other assets which may be sold for capital.
It is
important, do not use all your money in the capital for new business. Do balance also for your personal life
and
your family responsibilities.

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