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עמוד הבית > FAQ
Questions and answers
"I work and make money but where does the money go?"

Such a question hints at a situation in which the company’s credit structure is problematic.
It is entirely feasible that the credit duration the credit duration given customers is longer than that received from suppliers or that the credit portfolio received from the bank does not suit the company's activities.
"I want to become more efficient but do not know where to begin."

One must keep the outcome in mind already when the business is first conceived of.

The correct way to make a business become more efficient is by preparing a business plan which defines the goals aspired to during the coming three years and the way the business will operate so that it can meet the goals laid down.
The program will include, as an outcome to the planned activity, also the cash flow which enables the business to operate within the appropriate frameworks for the prescribed activities.

During the procedure for preparing the business plan, consideration will be given to the business viability of each and every sphere of the business's activities and it will be decided which activities should be strengthened and reinforced and which should be terminated.

After that a way will be found so that the business can operate with the goal in mind of reaching its defined targets, whilst maintaining rigorous monthly tracking and follow-up and comparing the business plan with the actual situation on the ground.

At the same time as the monthly budget undergoes comparison, the projected cash flow will be examined in relation to that which was planned.

From time to time, should it be the case that the assumptions which served as a basis for the preparation of the business plan prove to be inappropriate to the real situation, which likely has undergone changes, then the business plan will be corrected and amended to suit the reality.
"I get offers to invest in new ventures or projects but I don't know how to assess if they are worthwhile."
With an eye to assessing whether an offer to invest in a new venture or project is worthwhile, one must undertake an investment valuation or feasibility.

Such an examination would take into account the business environment of the particular industry or field in which the new venture intends to operate, your financial ability to raise the desired capital, the expected profitability from the new venture and the return on the invested equity.

If such an examination reveals that investment in the new venture or project is more worthwhile than alternative investments, the recommendation would be to join in the new venture.
"I save on expenses but my bank is still killing me."
Reducing business expenses is important and helpful, however, its effectiveness and impact on the business is limited.
The real lever for attaining significant improvements in the business rests with increasing its profitability. The correct and essential way to attain this is by increasing the business income through profitable activities while at the same time halting those activities whose profitability is small or even cause losses.
"I have difficulty with the financial management of my business but I cannot afford to maintain an accountant."
Most businessmen are entirely familiar the professional side of their business, however, they were never qualified professionally to manage the financial side of the business.

Employing a professional accountant or moneyman involves considerable expense and many businesses are not capable of bearing such additional expense. Moreover, considering the size of the business there is often no economic justification for such a step as far as they are concerned.

The correct solution for such a situation is to keep a professional and experienced accountant only on a part-time basis, and having him bill you with an invoice, and thus avoid setting up a costly employer – employee relationship.

In such a way the business owner would, on the one hand, enjoy professional financial management at a quality level, freeing the businessman to invest his time and energies for advancing his business, while on the other hand the expense involved in attaining such an important service would remain relatively modest.
The range of services provided for businesses is detailed in the chapter entitled "Accountancy as a Part-time Position".

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