Mauro Libi Crestani. Sometimes a business offer may present itself and we must make a decision as it requires an investment on our part. It is common among entrepreneurs, entrepreneurs and ordinary people. How do you approach your decision process? First you must carefully analyze the proposal. Do not discard right away, but neither be eager like crazy to say "yes". Approach carefully and make every possible inquiry, but without showing a disproportionate interest. Do it quietly, you do not want to give the appearance of being anxious, question but try not to be noticed. Ask about the potential and profitability. For example, to see if it is profitable compare utility rates thus earning interest money in the bank. Profit margins vary according to the nature of the business. Seek advice on the matter. One issue that has to be clear is whether your aspirations live up to the potential profits generated by the business. Something that often happens with entrepreneurs investment is to get their wages and profits serve to improve their living conditions. Then see if revenues will allow you to obtain such income. If you're having partners have to make clear wage policy and the distribution of profits. Investigate all sources of information as possible all activity data. Is it a sustainable business? Something vital is whether the proponent of the business has credibility, is it reliable, is it honorable.(Mauro Libi) If a franchise, there is enough information about the market and the specialized agencies. Look for it. Now see everything about the product or service. Do not get tired of asking. What is the niche market. They must provide accurate information, not generalities. What is the sales potential of the product or service? Which it is the profit margin? Inquire on the daily, weekly, monthly and yearly sales reports by type of product or service. Do not accept vague projections. You have to know the profit margins of each sale of each product, cash flows, month of the year, and total of the last four years. Now measure profitability. There are tools to do so. Seek advice and advice about it. All this information will allow you to make a decision.(Mauro Libi)
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AutorMauro Libi Crestani is a Venezuelan businessman CEO of Grupo Libi; a group of various food companies in the country. Archives
Agosto 2016
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