management consultancy
-
Is Accounting Just Administration Work?
When I ask people what they think what accountants do, they usually respond with things such as recording or issuing invoices, making payments, or presenting taxes. The funny thing is when some say “anybody could do it. I did the accounting of my own business, but I hired an accountant to save time”. Accounting, unfortunately,…
-
Pay Right and in Time, but Don’t Pay Twice
Imagine that you run a department like Accounts Payable. You hire more or less the right number of people. They focus on processing invoices. You pay suppliers more or less in time. From time to time minor issues occur, but your suppliers are happy in general. Time later, the company, like any other business, goes…
-
This time of the Year
Reaching the end of 2024. Many organisations take the time, if they haven’t already, to look at what went and not so well, appraising the performance of the company according to the goals they set to meet during the year, and review if changes need to be done, like removing objectives that no are no…
-
Changing Card Numbers
Changing Card Numbers Some time ago I went on holidays with my partner to a mediterranean island. To see around and have more freedom, we rented a car. We went to the beach, a small city and the top of a small mountain where there was a lighthouse and a magnificent view of the ocean.…
-
A matter of Luck or Risk
Often, we see businesses succeed or fail. Same with people and their careers. If they succeed, we see them as brilliant, gifted or even smarter than regular people. In contrast, when they fail, we see them as the opposite. Of course, we know that there are some variables that play a significant role in the…
-
Margin of Safety
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…
-
Assets
Imagine for a minute that your business is reaching its maximum production capacity. Profits are higher than ever and you can’t satisfy the demand of your product. Another example. You want to travel all around the world. Therefore you decide to learn a new language. Or maybe you develop a new computer software that can…
Ruiz Fernandez Business Services 