finance

The Concept of Value

Jorge Ruiz Fernández

December 9, 2023

I have a friend who works as an electrician. Once he was called to fix a switch that wasn’t working. He looked at it, and in less than five minutes he fixed it. After that, he charged him for his services. His customer pointed how come he had to pay that much for a job…

accounting, budget, business, Business Adivce, cash flow, cost control, expenses, pricing strategy, Profit and Loss, value

accounting, budget, business, business advice, cost control, cost reduction, expenditure, expenses, finance, value
Margin of Safety

Jorge Ruiz Fernández

September 21, 2023

One of the difficulties when starting a business is predicting the volume of sales and costs in the future. You don’t need to be a genius to guess that it’s impossible to know exactly what is going to happen, either if your product will be a complete success or that a competitor will launch another…

accounting, budget, business, cost control, financial literacy, margin of safety

accounting, business, business advice, cost control, expenditure, finance, financial knowledge, investment, management consultancy, margin of safety, profit or loss
Revenues and Costs, Some Aspects

Jorge Ruiz Fernández

September 6, 2023

I’ve been living abroad for a while, as many people are doing these days. A common topic of discussion among expats is the salary you can earn in a certain country. It is funny to see people who move to countries like the United Kingdom, the Netherlands or Germany to find not only opportunities but…

accounting, budget, business, cash flow, cost control, expenses, financial literacy, investments, kpi, risk and return

accounting, business, business advice, cost control, cost reduction, debt, expenditure, expenses, finance, gearing, investment, knowledge, profit or loss
Understanding bad expenses and bad debt

Jorge Ruiz Fernández

May 3, 2023

Thanks to the earnings of our company, we may have the desire to buy something that makes us feel good. Maybe a new car or a house, because our family is growing, or that fancy mobile phone that takes high quality pictures and go on holidays to the most remote location on Earth. Sometimes, when…

bad debt, budget, Business Adivce, cost control, expenses

accounting, budget, business, business advice, classification, compound interest, cost control, debt, expenditure, expenses, finance, gearing, investment, knowledge, loan, profit or loss

finance

The Concept of Value

Margin of Safety

Revenues and Costs, Some Aspects

Understanding bad expenses and bad debt