12 Tips for small family in times of crisis

 

1. EXTREME MANAGEMENT CONTROL:

The family SME should be very careful with your income and expenses. It is important to closely monitor market developments and sales. Thus, the forecast of cash short and medium term is vital to the functioning of the company under the circumstances in which we live.

2. CARE COMMUNICATION:

In times of crisis is particularly necessary to properly manage communicate different audiences with which our family business is related, ie banking, customers, suppliers, different administrations, employees, partners and of course all members of the family business.

The silence can be as negative as issues of information indiscriminately. You have to manage both internal and external communications, keeping our public informed of developments which affect our organization and the measures being carried out in connection therewith. Only then can we neutralize negative effects of rumors and inaccurate information.

3. STUDY COSTS AND INCOME FOR EVERY POSSIBLE SCENARIO:

Situations is important to estimate maximum and minimum risk, to provide for any contingency actions in each. Sanki products. They have to design different categories of possible actions, redefining the goals to try to minimize the possible negative consequences of the crisis.

4. BUDGET ANALYSIS AND DEBT:

Depending on the flexibility available, it is necessary to adjust the income provided on company expenses. The existence of loss increases the risk of business closure. For this reason we should focus some efforts in securing finance or refinance debts to try to correct. Above all be on the financing of working capital is essential.

5. WATCH THE DELEGATION OF DECISION:

Faced with uncertainty, many decisions previously delegated or automated, should be examined and perhaps centralized again.

6. RECONSIDER AND INVESTMENT PROJECTS IN PROGRESS:

It is necessary to rethink the projects in progress or planned, keeping those not expected to improve short term results or billing. 4life products. Since we are in a different setting, review the validity of the estimates made before the period of crisis.

7. BE ALERT TO POSSIBLE CHANGES IN THE MARKET:

The situation and the worsening of expectations caused continuous and accelerating change in the patterns of behavior of actors in the market, which requires continuous monitoring of changes that have occurred in sales, and the reactions of business competitors. tiens products. The faster the company's response to changes in the market, the better you can plan the strategies to restore the business.

8. BE CAREFUL WITH OUR REACTIONS:

The crisis is a delicate situation, why should not make hasty decisions. Be imposed temperance. So disliked is the massive reduction in staff, such as hiring out to do it indiscriminately.

9. POSSIBLE SCENARIOS PREVER once the crisis:

There is a post-crisis and we must think about it. The employer has to figure how to get the industry to rethink the search for new markets and products for when the crisis ends. Develop new strategies and perhaps a new marketing plan, sure to be a new stage.

10. REVIEW OF FAMILY ARRANGEMENTS:

In this new scenario we need to rethink everything we thought it would be useful in times of prosperity for the members of our corporate family. Nikken products. You need to talk and reach new agreements if the crisis is affecting us in a big way, both relational and economic aspects.

11. REVIEW FUNCTIONS AND RESPONSIBILITIES OF DIFFERENT ORGANS OF GOVERNMENT AND ADDRESS:

Consider the need to form crisis staffs, redistribute responsibilities and review the members of various boards and committees, looking for people more prepared and experienced in similar circumstances.

12. CAPITALIZATION POLICY REVIEW:

We must rethink our level of capitalization, and if necessary seek the injection of fresh money, guaranteed to generate trust in our business to third parties and our family.

Studying this capital increase with family members who, despite being partners, have never contributed cash to our family SMEs as they are by donation of shares.

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Tool for strategic plans

 

If you are an experienced reader of my blog , you must know of my interest in finding a methodology that would serve to successfully implement the strategic direction of any company. As a consultant template Bengio - Hidalgo, eighties of last century, the organization met a good bunch of companies in different sectors and imagine the existence of a protocol to assist managers and executives in their managing business and corporate strategy design in the short to medium term.

In the early nineties of last century, the subjects of the doctoral program "Strategic Management" held at the University of Málaga, let me know some tools, but the management theories did not help. I thought that had not yet developed a conceptual framework.

Later, as director of internal audit in Euromarket (before joining Cayetano), I practice between procedures, activities, tasks, divisions, sections, charts, ... but at most I achieved a partial development of flow charts and graphs that were very good on paper but in practice were engulfed by the local crisis early this decade, forcing managers to survival actions.

Finally, I concluded that each project business management and strategic direction, had to start from scratch, as each company is unique, because people are unique. I practiced this idea with uneven success. The reflections of the work done in states such as FACEP, CECAP, Tadel, Vertex, Lehmberg, The Network Factory, Virgen de la Oliva-Hojiblanca ... or recently in the M Capital, endorse this deduction, but conclude that it is sufficient and specific methodology would help greatly.

A few weeks ago, Nuria, analyzes, Strategic Consulting Corporate strategic planning company, sent me the book "The Asp model: Analyze Strategic Planning", which explains the methodology of work of the consultant in these areas, developing a new approach strategic planning (Thanks, Nuria). In deference to detail, I agreed with her to include the task of browsing on my list of activities for the bridge of the Constitution, I finished reading yesterday.

I was pleasantly surprised for several reasons, ranging from the boldness of Alvaro, author and founding partner of the consulting firm, to write his method and allegedly "put it on a plate" to its jurisdiction, to the teaching and practice included in the text.

The creator only aims to provide a "conceptual and methodological framework to guide" on the path, "helping create strategic plans consistent, generating support and enthusiasm necessary for effective implementation."

Analyze Strategic Consulting SA is a consultancy specializing in designing, implementing and monitoring strategic plans for companies, business groups and public entities.

They say their aim is to provide its customers strategic solutions designed to meet complex challenges, obtaining long-term sustainable results.

Analyses has developed strategic planning methodology, the model analyzes Strategic Planning © (Asp) that through a single tool, specific software, integrated in 10 steps all the strategic management process. Have a proactive work week

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What matters in your Enterprise

 

Hello and welcome my esteemed entrepreneur, in this article we will discuss your micro-enterprise and the most important asset you should take care and try to optimize.

 It is very important for your present and future endeavors. Let's see ...

The most important asset.

Often we have the belief that our most important asset is the money we have or we have capital to invest or do business immediately. But no, the real most important asset is ourselves and our ability, that is all we have in our mind as a product of learning or study experiences throughout our lives.

However, very few people take into account the real value of this and not give proper care and interest, leaving to invest in their training or instruction more and more about the issues that you want to go to excel .

So, dear entrepreneur, never neglect training or further education, in this case in business. Hone your skills, practice, learn something new every day and enjoy your results

Excellent training.

A good way, rather, a great way to train and train properly in the business aspect is follow the steps or recommendations we give people who already traveled the path that we are still ahead. These entrepreneurs have experience and sometimes offer free, but often what results really give is priceless and we recommend purchase to assimilate their experiences and adapt to ours. Getting a successful mentor is very beneficial.

I hope you understand my message, remember that if you find a winning strategy for your business and apply it to get results is implemented more.

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Looking for Business Opportunities

 

Looking for Business Opportunities other than the traditional?, Now with the globalization of the economy, these business opportunities are being presented today.

 When analyzing the work for others or for yourself, find economic security and independence imaginary. And, to changes in the global economy, we are exposed to new environments and many of them are quite good. We must be prepared.

Different Business Opportunities

There are alternatives to find that we are looking for freedom, for example to start a business, begin to create a business model that works for us, but that does not necessarily guarantee success in the short or long term. Another business model is to acquire a franchise, where someone else has already done all the work, and what we have to do is acquire the know how of the winning idea, the risk is lower, but the cost is very high. Normally there will always a cost for right of use.

Residuals.-Income Business Opportunity

There is also another option of freedom, and this business model is to integrate and be part of a system, with staff help you in just to make that transition from the linear system (tiempoxdinero), thenetwork system (royalties): and with very little investment is acquireda proven system to start working right away and get all these benefits without losing the fancied security you feel in your current job.

So before you choose, we must know the existing business model sand see which system is more suited to us, there will be some that take longer, but understanding how they work, will choose the alternative that best is in your means, and what re looking for is your freedom ..!

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Some tools to present the business plan

 

There are numerous resources for the submission to accompany the oral presentation that enable multimedia delivery that will help impact the audience.

The written document: the written version of the business plan can be submitted at the beginning or end of the oral presentation. Make sure you have enough copies for everyone present. The document may consist of a folder (there are many options on the market a modern use) or may be bound with girdling or binder.

Slides: Slides are a classic and effective way to make a visual presentation. Images are photo quality. The regulation time is achieved by remote control.

Overhead projector with transparencies: an alternative to slides, which has been generalized by the facility to produce transparencies with a personal computer and an inkjet printer. The images are of lower quality, but this system has the advantage that they can write on the transparencies.

Multimedia projections: the latest trend in presentations. Allows expansion of computer images and also incorporates animation and sound. Presentations can be arranged or prepare specialists with the help of a presentation software.

Video: Some images, such as landscapes, animation, installations and production processes are better understood with video. A television and a video are sufficient, but if the audience exceeds 25 people, you may need to rent multiple monitors or a video wall. The video should be used as support for greater understanding by the audience. However, it is very difficult for the video keep track of the conference the way they do the projections, slides or computerized presentation.

Blackboards, whiteboards or flip charts: always good to have on hand a place to write. The computer or projected presentations are effective but leave little room for spontaneity. A place to plot thoughts, assumptions and relationships can not be over.

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