North Country Business Blog

Posts Tagged ‘Finance’

That your expenses do not choke …

* Make a budget. Creating a budget will help you plan your finances. You must clearly identify how much money you need to cover all expenses of the month, not to exceed your income.
* Reduce unnecessary spending. If you have a tight budget, avoid buying items that do not need.
* Do not use credit cards can make payments in cash.
* Save. We recommend allocating 10% of your monthly income to savings, this will help you create a heritage. Be it ideal is to deposit your savings in a bank account or any financial instrument. This will give you performance and will reduce the risk of inflation diminishes the value of your money.
* Create a positive credit history. It is recommended that you begin to create a positive credit history. Pay on time.
* Before buying a car, thoroughly examines automotive financing. Do not accept funding that you should spend more than 20 percent of your monthly income.
* Purchase an insurance that covers your needs.
* Build an emergency fund to address unforeseen situations. Establishing fixed goals and a plan for achieving accurate. Whether you settle a debt, saving for retirement or invest in your education, defines how much money you require and how long you will reunite.
* Have fun. Do not forget that the money is intended to give you a stable life, where you can meet your needs but your tastes. To all you can access, whenever you get clear about your limits and you have the discipline to achieve what you want.

Of the 45 private equity funds that exist in Mexico, only eight serving the entrepreneurial sector and small and medium enterprises (SMEs), said Jaime Salinas, president of the Mexican Association of Private Capital (Amexcap).

“Currently, these eight venture capital funds have a whole $ 200 million ready to invest in projects in Mexico,” he said.

Humberto Zesati, director of Latin Idea, emphasizes that “the private equity sector is still very poor because there are very few funds for the size of the Mexican economy, but growth opportunities are vast and depend on who has more projects and innovative funding they receive. ”

For a company to access this type of financing you need to have strong growth potential should also have a profitable business plan and scalable.

“We look for entrepreneurs with vision, drive and hunger to create high-impact companies innovate, with technology and that they do not settle for a small business,” specifies Zesati, who has so far invested in 12 companies.

Business Innovation
Be in constant movement of ideas, adapting business models, develop new products or services and have a company open to implement better processes are elements that attract investors to the business, experts agree.

Read the rest of this entry »

The software, construction, consulting services, consulting, medicine and media, are some of the items more attractive to angel investors, who are entrepreneurs or people with resources in search of entrepreneurs with profitable projects that trigger long-profits term.

“These are individuals interested in companies that want to grow, get involved in the operation and ask for the business development plan,” says Jorge Zavala, CEO of Silicon Valley TechBA, a program to accelerate technology-based businesses.

These investors are managed under the concept SmartMoney, whereby available to entrepreneurs money, ideas, ability with technical knowledge, business relationships and operating strategies, emphasized the specialist.

His main interest is in starting companies, new projects that show high growth rates and are innovators.

Read the rest of this entry »

Financial organizations operating in Mexico can be actively involved to trigger the growth and development of the country, noted the financial management consulting and risk management Deloitte.

In a statement issued from the Davos Forum, the company stated that increased participation have already emerging economies demand a change of financial institutions in those regions, to give products and services that facilitate the advancement of industry.

However, clarifying the statement, it requires the convergence of capital markets to facilitate the monitoring of risks so as to promote a more stable market, transparent and more liquid.

The statement said the managing partner of consulting for Deloitte Financial Services in Mexico, David Goslin, believes that this renewed financial companies requires a greater focus on risk management.

Read the rest of this entry »

They’re here. Vacations are a necessity, an inevitable date on the calendar. We deserve a break, relax, unwind and at least once a year to give us a little luxury, a trip, a whim. With the world within reach of the middle class, there are bargains in us is more expensive to stay home, or that’s what Curro said.

There are people who resort to emergency appropriations to fund the vacation. Travel agencies, not to be outdone, have become financing agencies with many different products. The easiest is to pay in installments and, usually, without interest, but also offer numerous other facilities.

First, if you book in advance we offer lucrative discounts of up to 8% in some agencies or 15% in other, sometimes the promotion is to give couples the rooms of children. When you know in advance the date of the holiday period is very advisable to book in advance: we have a good discount and much more to choose from, before the seats are in some hotels or the best deals are gone.

Read the rest of this entry »