May 2024 - artificialmanagers.com

2024-05-18 Strategy manager

How to conduct a SWOT analysis?

The name SWOT comes from the English words S – strengths, W – weaknesses, O – opportunities and T – threats, meaning strengths, weaknesses, opportunities and threats. When deciding how to start your business, you should conduct the final analysis precisely in these four variations, that is, according to factors: From such a division, a table of 4 boxes is formed, containing the following combination of these four criteria: SWOT analysis is very often used by well-known companies in the

2024-05-15 Businessplan

How to identify assets when starting a business?

Author: Florian Wierzchowski A very important question that anyone intending to start a business should ask themselves is what assets they have. Assets are tangible and intangible resources that make it possible to earn, i.e. generate revenue. The question therefore resounds: “What do I have that I can start operating with to start a business and make money?” Tangible assets are, in the simplest terms, tools and materials with the help of which, by doing some physical or mental work,

2024-05-11 Strategy manager

How do you know the financial health of your counterparty and why should you know it? Part 2

Author: Florian Wierzchowski To find out about the situation of your potential counterparty, you have a whole spectrum of possibilities and means at your disposal. From white intelligence – simple, free, publicly available data – to business intelligence, which will provide detailed albeit paid information. I will discuss a few of these below. The first, although not obvious to many entrepreneurs, method of verifying our counterparty’s situation is to ask them directly for their own information on their current financial

2024-05-08 Businessplan

You have an idea for a business: where do revenues and costs come from in a company?

I continue the example from the previous post about your potential business. How do you find out if the price is set correctly and how many books he needs to sell in a month to make this business profitable? First, you need to decide whether you will invest your money or borrow it from the bank. The cost of the loan over the next year and the sum of interest from the bank deposit can calculate from the formula: A

2024-05-04 Strategy manager

How do you know the financial health of your counterparty and why should you know it? Part 1

Author: Florian Wierzchowski When you run a business, you establish relationships with many market participants. You sell products and services, but you also buy them. Sometimes you enter into long-term cooperation contracts that shape complex mutual obligations. Does it matter who you sell to and who you buy from? Is it relevant with whom you enter into cooperation? It’s even very relevant in most cases, and in the next few sentences I’ll explain why. Let’s first assume that your perspective