The Tila’s Girls

Men got 13% more salary than women in the management of companies, a difference that has made two further points in the last year.

For exemple in Spain the wage gap between men and women is increasing in the direction of companies. The average salary of Spanish executives last year stood at EUR 50,045 gross annual, 7.1% less than 52,759 euros the previous year (considering the effect of inflation). Meanwhile, the remuneration of directors fell to 57,778 per year, 4.95% less than last year (59,535 euros). (more…)

by Silvia Chauvin

I hope that if you read the note The return flow of funds or cash flow you are been convinced of the importance of a return flow of funds, now I suggest that you read these simple tips to keep your cash flow healthy:

1. Spend as little as possible: This is especially important when starting a new business. Before you buy anything ask yourself if you really need it if you can fix it, do not buy it, save the cash.
2. Do not buy hardware that does NOT need: To complete the previous suggestion note this: a PC, printer, digital camera, if not needed immediately, do not buy, with so rapid technological developments, one thing is for sure, tomorrow is better and cheaper. If you are friend or gadgets ( “technological gadgets”) Convince: You really do not need to monitor the 23 “Apple Cinema.
3. Be realistic, brutally realistic, if I allow the word: always overestimated its expenses and underestimate your income. Your cash flow should be provided (at least until your project is stabilized) in the ‘worst scenario’. If you know the fact that your company can arrange for a time even when things do not go all that well, then you know you have many chances to survive in the medium term, it will completely change your perspective and you do not mind if you show the best setting!
4. Chase invoices as delays: I know this may sound a bit harsh but I say this from experience (bitter personal experience …) as your client is late, start calling to complain. If you do not press and the company has financial difficulties, bring your bill after the other providers more insistent, and you will get your money at the end, if there is money …
5. Update your cash flow spreadsheet regularly: As time passes you will see that some of the assumptions made with respect to revenues and expenditures were incorrect. No matter if things were better than planned, when disputes arise, adjust your cash flow or even better keep a spreadsheet of projected cash flow and real. Until the first year of operation is probably a good idea to review and adjust the schedule each week, depending on the type of enterprise. Then, each month will be fine.
6. Court costs everything possible: Give a look to the column strict expenditure and cash flow. Can you get a better price on any item? Is there any item or postpone dispensable? Remember that any savings, however small help in the difficult time of the beginning.
7. Remember, customers do not always pay on time-rather the opposite …. When you plan your cash flow always do so considering that it takes much longer to collect what is intended. Make sure your cash flow does not depend on a very high% of their invoices are received on time. If your cash flow is dependent on a particular bill, be sure to keep a good line of communication with the company owes, and to communicate with them long enough to have leeway in the event that this company has a problem.
8. Adjust the billing cycle: If the nature of your business allows it, try to organize the weekly turnover. In this way, once its initial cycle, you have accounts receivable every week, which will help balance the cash-flow.
9. If you have to charge every month, shortening the cycle: To leave your last bill before the 25th day, so your client will have at the beginning of the month.
10. Do not crowd to deposit checks once a week. In mean while anything can happen.

Of course the cash flow is not unique, there is a phrase well known among entrepreneurs: “cash flow queen” because without capital, no business holding. But we must not fail to monitor the gains. After all you can have a good cash flow and few gains, and business does not work either.

Source: mujeresdeempresa.com

by Dr. Fernando Weimberg

“But how am I going to save now i don’t have enough money at the end of month. When I pay the fees of the credit, or change jobs, or when I raise the salary, or change the order, or, or …?

A wise old proverb says: “There are a thousand excuses to justify failure, and no reason to explain it.”

In short, incorporating the habit of saving is the inclusion of any other positive and healthy habits, like quitting smoking, going to the gym, practicing yoga, or dieting, to name a few.

Efficiency, regularity and continuity depend solely on the relationship we have with ourselves.

That is why the first questions we should ask us to make savings in our economy continuing personal and / or family are:

* How important is for me to create a reserve fund?
* What I want to generate?
* Am I clear the different purposes?
* I made a list of events that may occur and impact on my personal finances throughout my life?
* I know the differences between the needs of short (1 to 3 years), the medium (3 to 8 years)
* What about the long term (9 years)?
* Do I want to really save, I am willing to do?
* How hard can it be for me to fulfill this mission?
* Are truly my priorities within the proposed savings?

At the same time, they should be answered with the utmost seriousness and sincerity as possible, because if at some point our plan falters, it is advisable to keep in mind our original motivation and commitment made to ourselves.

A few suggestions to try to manage our household finances and position in the difficult and almost impossible task for some compulsive spender, savings:

Personal Savings Plan

1 .Start keeping a record of personal expenses, “the most extensive and thorough as possible. The major items to consider, for example, can be:

2 .Develop a written budget, based on the proposal template above. Consider spending by expenditure item by item in detail and redefining priorities.

3 .Depending on the outcome stipulate in writing how much I save each month and how much I have saved for the end of this year, next and what purpose or use those savings to feed him. A good indicator for this can be compromised with a savings target of 10% of my income. The Golden Rule is “short-term savings are used to finance short-term and long-term savings for long-term costs.”

4 .Respect the slogan do not make any expenditures outside the budget. If comes an unexpected I propose replace it for one of the other or leisure category that are at the bottom of priorities.

5 .Pay particular attention to item interests, especially in these times of high interest rates, mainly dragged by borrowing on credit cards and banks, and also for punitive damages or payment of taxes and services, to avoid drip effect. In cases where there is a habit of paying late, however, without considering the hidden cost or seemingly insignificant difference, it may happen that by adding all these concepts we might save $ 30 or $ 40 in the month, which in a year equals $ 500 approximately, which can serve to take a couple more days of vacation, better choose a hotel, etc.. and where the perception of value becomes important.

6 .Avoid borrowing costs to cope with regular consumption. It is preferable to postpone for a few months incurring unnecessary costs (remember that many times in some areas you have a lot more than you actually need) to be clear and orderly our family budget.

7 .Deletion of the cost of entertainment to improve its use, such as going to the movies on Wednesdays, or by taking advantage of the large deals and discounts offered by many clubs from which benefits may be part.

8 .Ascertain that seem fixed costs are actually variable, and therefore can be reviewed and reduced to the immediate. The typical case is the “black box” of the summary of my credit card, insurance where there are “tastes” that would have prevented if he had acted rightly.

9 .Take the job of scoring next to the amount budgeted for that month for each item or concept expenditure. If you can not do every day, do at least once a week.

10 .Ideally, make the budget from front to back, thus giving priority to the amount to save, for example fixed how much I want to save this month and on basis of this I distributed the remainder among all my expenses, assigning priorities to each spending.

While it seems difficult for some may be more than for others. Only issue is proposed.

The key is discipline and the secrecy is to be clear about my goals and my priorities.

Source: Dr. Fernando Weimberg specializes in Personal Financial Planning in Business & Family.
Member of the Institute of Financial Planning CAPS
www.mujeresdeempresas.com