When you have a thriving business , and you want to expand your market , it is important to have a place to open new frontiers, if its place is Spain you will need an event producer agencies spain, who can provide a method to promote and introduce your business succesfully.
Create an event , is a great option to promote and to show that our business is the best option for customers. The importance of a company ‘s image is vital and should seek help to show that they are a good company , and that they have sufficient experience in the market .
In Spain , the best option to start a business or a product display , is in Barcelona.Barcelona is the place of opportunity , a multitude of entrepreneurs engaged in different types of technologies and products. They starts their company or product in barcelona , exposing an event with the ideas and dreams to make their business true. So you will need an event producer agencies Barcelona, which can offer you an event to present your idea or business successfully.
Running a business implies a lot of documents that have to be updated and reviewed constantly. That is basic, general financial record keeping and long term planning can help us to improve and satisfy the customer needs, and keep our business working.
The financial control is essential, without handle the financials some problems may occur, and many important things we will not know, like:
Matters of a tax
What is working and what is not working
Bookkeeping functions updated and an evaluation on time can help your business for work effectively. However, when we talk about tax it is a serious issue, because strong financial records are required for dealings with the tax authority of your country.
There you have a few tips for staying on track with your bookkeeping:
Organize your numbers
Organized and consistent records can make or break your business. You have to ask yourself some questions, like; do i have seasonal trend for my products? The prices of my products are right? Am I losing money from certain product or service I provide? For these issues financial software, can help to organize and put these types of reports together.
Control your expenses and income
Keeping a careful record of all the receipts like; mobile phone bills, invoices from your web hosting company, office supplies and travel expenses, gives a global visión of the numbers that your business do.
Also you need to record your income receipts like till rolls and PayPal records.
Get paid from your accounts receivables
One way that can help you to avoid receivable problems, is to make easier for customers to pay you, for example by accepting electronic payments and credit cards. It is up to you to invoice your customers after a sale, and get paid from past due accounts. Sometimes, cash flow problems may not be due to poor sales but down to poor accounts receivables.
Two more things
Look at it as a strategic asset to your business rather than something that has to be done.
Having and outsourced company like accounting in chile, realize these tasks and adapts to your company easily and rigorously. Also they can do other functions you choose like manage the payroll.
Outsourcing the payroll function can save money and time. If you’re considering outsourcing payroll, many companies regardless the size, are placing their trust in organisations like payroll chile, as a bureau, outsourced, part managed or fully-managed service. This kind of organisations extends across all market sectors in different countries.
When it comes to payroll, there are points to consider:
Track record serving businesses like yours
It is useful to know that the provider have a strong track record of serving businesses your size and has experience in your industry or sector.
Security and reliability of the provider
The security that the provider offers, is one of the most important things. After all, you are giving your payroll provider the names, social security numbers, addresses, and bank account numbers of your employees. Also do not forget you are giving a power of attorney to make filings on your behalf.
Make sure the provider is financially strong and has good controls in place, otherwise you could find your company in a bind.
Regulatory compliance capabilities
The payroll provider must have the resources to keep up with the laws and regulations around employment, healthcare and taxes.
Evaluating the payroll company’s technology, including its mobile readiness, it is an important actions.Some payroll companies are investing in new technology and they can keep up with technology as demand for it on the employer and employee side grows.
A good payroll provider offers capabilities that go beyond what you can do on your own. Remember, today there are solutions for businesses as small as one employee.
Other service offerings
You can consider the broader services needed as your business grows, such as HR services and benefits.
Make sure, your accountant can get easy access to your payroll and related records for purposes of tax filings and reconciliation.
With an outsourced payroll provider your business will enjoy all the accessibility, flexibility and control of processing payroll in-house ;without having to allocate your staff, equipment, time and resources to manage it. And when it comes to reliability, accuracy, efficiency and flexibility. If you haven’t considered an outsourced solution before, a new year is a good time to consider making a switch.
The challenge of start a company is exciting, anyway there are some responsibilities like; get inventory, get business structure in order, get customers and sell your products. All that at the same time, also, you have to track important risk or metrics going out of business, within the first year. Here are 7 points that will help you to manage all:
1- Open A Bank Account
Open a bank account for your business; it’s necessary before it can accept payments on behalf of the company. It is very important for avoiding problems and face customer’s complaints.
Using your personal bank account for transactions can be used for a court to come after your personal assets, so it is just not worth it. To have a separate business bank account establishes that you’re a serious business owner and prevents commingling of funds.
2- Get Invoice Templates
It is important to not forget about your invoices. To create these ones on the fly when and as you need them it is a serious mistake. You can grab invoice templates from a reputable company, customize them and save time of creating invoicing.
3- Make A Budget Or Outsource Your Bookkeeping
This area can be outsourced for your convenience, you have to make sure that your books are in order and the payroll is paid on time.
Outsourcing this area, keeps a track of all your expenses and the outsourced service like accounting in Chile, adapts to your company easily and rigorously. Also they can do another functions you choose like manage the payroll or improve the invoices for example.
4- Tracking Gross And Net Margin
The gross margin is the total sales revenue of your company minus the total cost of your products or services sold. This number is then divided by the total sales revenue and expressed as a percentage. The higher the percentage, the better, because it means you’re retaining more money.
Net margins are the other half of this equation. A net margin is the ratio of net profits to your revenues.
The function of the net margin is to show profitability, however a low net profit margin usually does not mean that your company is unprofitable
5- Quick Ratio and Current Ratio
These are two metric that are measured together and tell you how liquid your company is, explain how much money you have on hand to meet current and unexpected results or liabilities.
The quick ratio takes all of the cash in your business, along with the account receivable and divides it by the current liabilities. It’s simple but it is a way to determine how you’re working financially.
The current ratio is the measure of current assets divided by current liabilities. Tells you, whether all of your assets that can be converted in cash, within a year or right now. It could be used to satisfy all of your liabilities in under a year.
If you obtain a ratio less than one means you may end up running short on money, while a ratio of more than one, means you probably have a good surplus.
6- Account Payable and Receivable Days
These metrics measure how quickly you’re bringing in cash and paying it out. The accounts payable days is calculated by taking the amount you owe (your liabilities) and dividing it by the cost of goods sold, multiplied by 365 days.
A higher number is better, while all other things being equal. It is used because you want to retain cash in your business for as long as possible and only pay out when you need to.
Accounts Receivable Days is calculated by dividing this account value by total sales and then multiplying by 365. Lower numbers are generally better, but again this depends on the industry. You want to obtain a low number because it means you’re collecting cash quickly and retaining is for working capital and other company purposes.
7- Get New Customers
Your company has to make money and generate cash flow, one of your tasks is to focus constantly in get new customers so, you can market those products and services to them. It is very important to maintain good client relationships for the business.
Many suspicious facts can be the reason to take steps to stop theft or fraud before it goes too far. Theft and fraud in many countries has the cost of large amounts of money; can be millions of dollars in just one year. At present the laws and rules in the workplace, has a lot to manage for eliminate this “bad habits”.
The most common types of theft in the workplace are:
False payments and petty cash
Misappropriation of assets
Abuse of corporate credit cards
The typical fraudster has no gender, it can be male or women, but usually a fraudster fulfils a finance function or a senior management position. Also they know very well how works the company and they could have more than 10 years working in the company.
The employers in their task to improve their chances of detecting and stopping theft and fraud should :
Review financial statements more often
Monitor employee actions
Follow up complaints
Have in place systems for spot-checking transactions
Maintain an asset register
Employers should assess their level of risk in front of these situations; they can protect themselves against theft and fraud by including specific clauses in their employment contracts. More advices for the human resources professionals that have to take special notice of employees who:
Have problem with drugs, alcohol or gambling
Take an unusual interest in certain business areas
Have persistent anomalies in their workplace
Refuse to take a leave
Anyway when fraud or theft is suspected, the most effective starting point for investigation is an accounting analysis. Experts like accounting in chile can make the accurate study for your company and can give you a guide for the better solutions, also will not be a loss of your own time in the process.
The next steps to follow are deciding whether to report fraud to police and an interview with the employee.
Don’t matter the step take, one thing will be sure, the accounting analysis done ,will help your company stick to the truth and face any circumstance without a problem.
Nowadays, a company that wants to grow and expand requires a marketing plan. This plan developed properly could help to increase the benefits and the activity of our business.
The next ideas are basic but also effective ways to make our business known:
1 – Advertising on local magazines or newspapers: It may cost a Little amount of money , but it is an effective way to be known in our city or region, the areas where our potential customers live.
2 – Creating a blog: This one requires a lot of time and dedication, constancy too. In a long term way, we will enjoy the advantages of being positioned on internet.
3 – Networking: To make trades with our business partners can boost the influence of our company. Networking it is an easy way to work.
4 – Distribution of leaflets: It is a classic idea but effective too, advertising through leaflets can make us visible. However the leaflets cost money and also we have to be careful with the environment.
5 – Emailing:Through this campaigns that can be free, we target our potential customers and the old customers. What we will need is fresh ideas and messages, so our emails will not be treated like unwanted emails.
6 – Advertising in public places: We can contract specific places like a bus stop or others, but usually this way is expensive. But the investment done can equilibrate the final results.
7 – Meetings and exhibitions: With that way we contact our potential customers. Showing how is the working process and the products we offer, could make us stand differently of another companies.
8 – Corporate alliances: among businesses related with our products or services, could help us to promote our products and get new customers from the another business.
9 – Advertising on the local radio or television: It also may be a cost, but the potential customers can be a lot. The local media is used every day by a lot of people so we can be exposed to many people.
10 – Advertising on webs: There is a huge variety of webs where we can do advertising. Some of them are free, and they offer tools to make this task very easy.
11 – Creating events: With an expert event planning agency we will enjoy the comfort and simplicity to use the last ten ideas just in one. Let experts the tasks of advertising and marketing and focus on your business.