North Country Business Blog

Archive for the ‘Business Tips and Info’ Category

For some time ago I have been receiving in my email inquiries about programs that support micro, small and medium enterprises (MSMEs) which has the federal government and, most particularly, the SME Fund. In general terms, frequently asked questions are located in the area of ​​micro-and the most recurrent comes from those who are about to open a business and want to know if there is support for them.

Yes there is support for entering an incubator that is recognized by the Ministry of Economy as part of the National Business Incubation and receive advice on preparing a business plan that allows them to start their business on solid foundations.

Additionally, if the business plan shows potential for success, the Ministry of Economy, through the SME Fund, will channel resources through its seed capital program, which consists in providing a soft loan designed to boost the start of operations the new company, with rates well below market rates, provided the new employer to meet their payments on time.

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Whatever the spin of business, provided there are tips that apply to all to support their growth, and is always very important to reflect on some aspects.

Arturo Chavez, Master Coach Action Coach Company, said that one of the major mistakes that business owners is that they generally act and think like employees because they often end up working longer than any of his collaborators those who hire them.

“The business owners often end up doing the work for which hire their employees and work longer hours than them, but they must manage the company, not as an employee to work more,” said the specialist.

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A tenant who chooses to live in a house rented by a private landlord, you have certain rights and duties to those who are committed, when they sign a lease, both the engaging party as the party making the lease of housing.

Law 29/1994, of November 24 Tenancies relating to:

The rental apartments can be done by admitting up to 5 years annual extensions up to 3 years more if both parties are in agreement. The tenant may terminate the contract, warning in a period of not less than 30 days before each annual meeting for the first 5 years, as during the extension, the tenant may leave the house at the end of each year.

If the tenant decides to leave the house and want to continue living your partner is eligible if at least have lived for 2 years. If the tenant dies, people who for at least the previous 2 years had lived with him, may continue in the lease.

If the tenant was absent, and lived alone, the lease would be extinguished.

The rental price during the first 5 years, updated annually on the date of expiry of the contract.

Once past the 5 year contract, you can increase the rent by way of carrying out improvement works, when they begin.

The repairs are necessary due to wear from ordinary use of the dwelling shall be borne by the lessee.

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Then I bring you three secrets that I particularly have applied with very satisfactory results, are issues that may seem very simple, but must be applied diligently to take care of every detail of setting the price as it does a good employer.

1. Reckoning

It is usually so obvious the fact of making calculations to get the net cost of a product or service, that many employers are forgotten.

Costea the product or service you offer, add up all costs and expenses that you have to make to deliver your product in the hands of the Customer

For a product will have to add all the raw materials you use, the manpower to do it, wraps, water, electricity, delivery costs or delivery, in short, a full description of all costs incurred until the sale.

For a service you’ll need to add the cost of labor whether employees who have, or even the cost of your time if you give a professional service, tool costs, machine costs, and all other expenses have to perform to the customer service, do it thoroughly and there are always hidden costs that do not take into account.

2. Perform a market analysis

Usually we learn competitive prices and have the facility to explore and investigate further into the details of the prices in the market for a certain product or service.

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Error-business when it comes to launching a business, there is no manual to ensure its success. In contrast, a number of mistakes which are often committed, in fact, The Wall Street Journal compiled a list of the ten most common mistakes among “first-time entrepreneurs,” and some tips to try to avoid them:

1. Just launched
“It is difficult to build a business that can expand if you’re the only person involved,” the U.S. newspaper.

It is true that a public relations firm, web design or consulting firm one person may need a little capital to start and the price of hiring one administrative assistant, sales representative or low-level employee can consume much of profits.

The solution: Make sure there is enough room to allow their prices to include other people. Customers usually have no problem with outsourcing as long as easy for them to contact you, the professional knows that manages the project.

2. Too many people ask for advice
Get expert input is always good, especially the experienced entrepreneurs who have built and sold a successful business in your industry.

But require the opinion of too many people can delay its decision so long as the company never start.

The solution: assemble a strong advisory board which can go regularly, but always keep driving you on the day to day business.

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