North Country Business Blog

Posts Tagged ‘Business Tips and Info’

The development bank in Mexico held its strategy to reduce funding to the productive sector and focus on funding to states and municipalities, where the former decreased 7.8% as at November 2010 against the same month last year, while credit state entities increased 11.8% over the same period of time.

According to figures from the Bank of Mexico, private sector financing totaled 205.800 billion pesos as of November 2010, where 48.5% went to companies and individuals with business, while 41.7% were non-bank financial intermediary The remaining 10% is dispersed to other areas.

In the case of funding to states and municipalities, the development bank, Nacional Financiera headed, spent the month of November 58.100 billion pesos, 87.7% provided through direct loans and government debt securities.

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A short time in the ROI, the increase in coffee consumption by the population and the exploitation of Mexican coffee quality are factors that make a profitable business cafeterias that can be complemented with a touch of modernity.

Currently, per capita consumption of coffee in the country is 1.200 grams per year, but it is expected that three years is 2.000 grams, since consumption will rise considerably in coming years, said Silvia Gutierrez, Advisor Expo Café , and a specialist on the Mexican Association of Coffee Production Chain (Amecafe).

“It starts to generate a culture of coffee bars or convenience stores, is building a consumer demand and people are increasingly open to prove it,” he said.

Mexico is the seventh largest producer of coffee and this situation must be exploited to further increase domestic consumption and increase the number of coffee shops which now number 70,000 in the entire republic, details the Amecafe.

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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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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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Since many years ago with my father take the initiative to open our own business. It’s been several years and can count on this revenue source to help us meet our financial goals. Although at that time I had a degree in business administration and knowledge of the theoretical steps to take to start the business, the time to decide the most important thing for me was the determination and dedication that has made him a success.

We still have much room for improvement, but I want to share things that I consider essential to achieve this. The business has had its ups and downs, but every day we learn something new and that is what matters.

Here is a list of tips that everyone, no matter the business, may take into account:

Organization
I do not know how to say this easier. The most notable problem I’ve had in my business is that at first we were all excited by the business, but we forget to have an organizational plan. At first you will have many heads, have to be an accountant, secretary, messenger, collector, publisher, etc.. All areas are important and all need to have a development plan. You have to know how to take the minutes of meetings, regardless of where the money is being spent, with whom we have to meet, etc.. For this you need several tools:

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