Archive for the ‘Financial Management’ Category
Personal and family financial planning is the process of managing the money you have to be able to achieve financial goals. This planning process requires you to control your own financial situation. Each person or family has a unique financial position and specific, and therefore any financial activity should also unique in that is carefully planned in order to achieve specific goals and needs.
Financial planners are professionals who help you to achieve financial goals by providing advice tailored to your condition at that time.
Then the so-called family planning in Islamic finance?
Islam is a religion which comprehensively regulate the joints of the life of the world through its holy book the Qur’an and Hadith. Likewise, the ways to manage personal finances, Islam has rules that made reference how to manage the gift given by Allah SWT.
If conventional financial planning is intended to achieve financial goals for life in the world, then financial planning rules that are based in the Qur’an and hadith can not only achieve financial goals in the world but also life in the hereafter (Falah), in addition to forming a better way of life.
Visualizing the profitability of the financial transaction from the long term, meant that in many cases have to” sacrifice “in the short-term profitability” (TE11). This led to favor some specific sectors of the population for the placement of credits on its composition was not entitled to credits profitable. But they do from the standpoint of social organization and were important to the strategic goals and objectives of the OFCC. This was the case of small business sectors (jewelers, textile, taxi owners, farmers, etc.) Who became recipients of many credits. This was a clear rule as a trend that continued until the mid 90s.
With the deepening of the contradictions of economic model after the mid-90s, there was a gradual deterioration of the incomes of many sectors of the population, naturally covering sectors of the social basis of cooperative research subjects. This plus other elements of the Colombian economic dynamics caused changes of priority in the financial basic goal of many of the OFCC.
The concept of maximization of profits goes to positions of importance in the financial internal dynamics. And with it a money management approach that was supported in “seeking the highest bidders (customers) for placement (loan) of money (financial resources) that were administered by the cooperative.” (NT3). The parentheses are mine. What explains the changes of specialization in the formal structure and increasing the bodies own support staff.
It also made aware of the entrance to the capital markets, and the amount of loans to large and medium businesses that were once challenged by the exaggerated sums of money paid to companies and / or individuals, when the average disbursement to partners in the OFCC was € 1,700 131. Access to credit was seen as a mere business of financial returns. In this sense I myself heard a CEO of an organization of our shows saying “if you had more resources available, do not hesitate to place (rendered) to recognized companies in the wealthy class of Valle del Cauca, and that the amounts of The amounts requested were in itself profitable for your cooperative. “
Financial management can not be understood apart from the administration and management under economic management. This is because it is practically and financially support that validates the business logic in the business or the OFCC in their respective enclaves. Consider that in order to meet social objectives they need to ensure financial stability. Similarly the only decision-making concerning the financial management of one form or another, directly or indirectly, in the short or long term influence on the general situations of these cooperatives.
Financial management is a process involving the income and expenses attributable to the implementation of sound management of money in the OFCC, and hence the profitability (financial) generated by himself. This allows us to define the basic objective of financial management from two elements. To generate resources or income (income generation), including those provided by partners. Secondly the efficiency and effectiveness (efforts and demands) in the control of financial resources for acceptable and satisfactory levels in their management.
The first element contains specific aspects of the OFCC growth is elucidated from the Colombian financial crisis of the early 80s, and a second opening stage with unaffiliated third parties in the 90s. Discussions around this issue placed in dispute for some boards in front of the general managers of several of the organizations surveyed. This in the sense of what was the most consistent and in which markets should pick and place financial resources.
With the second element is not raised discussions regarding the efforts and requirements in managing money. This is indisputable and reinforced in this context by a good administration. There were mixed views whether on the management of the levels of profitability and its impact in the purpose Cooperative (correct the imbalance of market power). The interest rate for loans of money partners and third versus the maximization of utility placement, the credit cost ratio versus the performance of co-operative purpose. The incidences of these discussions in the organizational structure will be deepened in subsequent paragraphs as well.
OFCC to be inserted in the markets in which the environment is characterized and regulated by the financial dynamics, this inevitably led to the specialization of the formal structure and financial management were key to organizational growth. This led, particularly after the early 90s, widespread changes to organizational structure. Their bodies also were considered first level, and other organizational activities become subordinate to it (eg financial area or the same cash were considered as central). The usefulness of the business and organization building depended on financial management.
It depends on how comfortable you are reading the contract that you agree to pay X amount of money (usually a considerable amount) without legal advice from a good lawyer who specializes in franchising.
So, I need a lawyer to buy a franchise?
You need a lawyer to buy a franchise if the franchise agreement is very complicated, there are things you do not understand, or the mere fact of reading the entire contract is something that seems very difficult. Very important: Never sign anything without first having read and understood. Errors in pay very expensive business.
You need a lawyer to buy a franchise if you are someone who worries and doubts his own decisions constantly. Is that you? Is this something that would prevent you sleep peacefully at night? If you answered yes, then indeed you need a lawyer and hire a lawyer specializing in franchising.
What if I Franchise It is as profitable as I thought? Read the rest of this entry »
A key factor is the selection of staff.
Staffing:
* Identify personal and professional needs of the new company.
* Links between business and workers.
* Cost of staff.
* Research and selection of staff:
1. Determination of requirements to be met by candidates
2. Ads asking people required.
3. Selective tests.
4. Personal interviews.
5. Application firms reporting to the background of the person to hire.
Organization chart.
Organizational process of dividing and grouping the work done on individual tasks and to define the persons to accomplish those tasks. Can be of two types:
* Functionality: The similar work is allotted a section dependent on a focal point.
* The Division: From the establishment of small, autonomous units around the general structure of the company, can be performed according to different criteria. Read the rest of this entry »
Being a senior technician in administration and finance opens doors in the labor market.
In the course of a senior technician in administration and finance can introduce you to the free practice of higher level VET and get your official title of FP. CCC Course is the key that will help you get the right training to introduce the official title. In finance we tell you more about the course Higher Diploma in Administration and Finance.
Manager, Accounting Manager, consultant, accountant, defendants are jobs that can also be your own business. Some people have several accounts of small businesses or businesses are their own bosses and they like what they do. A senior technician in administration and finance eligible
* Working in banking,
* Public body.
* Savings
* Insurance Companies
* Collection management
* Law Offices
* Prosecutors
* Accountants
* Audits. Read the rest of this entry »