BECOME AN INVESTOR IN 33 DAYS: https://r.clique.ly/da1172040e SUBSCRIBE TO FINCLASS WITH 30% DISCOUNT: https://finc.ly/27c2641ca2 Visit the Sebrae website: http://www.sebrae.com.br/sites/Portal... A healthy company generates profits. And with the tips from Primo Rico and Sebrae, you will learn how to improve the management of your business with great prospects for the future; check it out! How can we study the financial management of a business in a way that we can really understand the ins and outs but without getting too worked up about the process? 1. Know how to price your product - Know how much your product or service costs and set a fair price that covers the costs and expenses of the business, that your customer is willing to pay and that also leaves a surplus (profit) to reinvest in the business. We also have to take into account the cost of employees, the structure of the company, the cost of taxes, the percentage of profit... Therefore, the tip here is to pay attention and really sit down and structure this price. You have to think about all possible variables to set a price that does not cause you a loss, but at the same time is a value that your customer is willing to pay. 2. Align the pricing of your product with the market price - the idea is to adjust your price to the market price, after all, if your price is very misaligned with the market, it doesn't make sense. 3. Plan revenue, expenses and investments - When we create a company, we obviously intend to make it grow... Therefore, we need to align our revenue and expense planning so that we always move forward in the way we expect the company to. 4 - Set revenue goals that are higher than expenses - I believe that companies need to set objective goals in relation to their sales. For example: Your company is going to launch a new product on the market. Therefore, it is very important that you use the goals to establish SCENARIOS, trying to foresee the best possible scenario, the “ok” scenario, and the worst possible scenario. Because this way, even when you are in the creation process, you can define problems to be solved and better align the real scenario with the stipulated scenarios. 5. Control everything that comes in and goes out (revenue and expenses) from the cash register Another tip that seems easy in practice, but when the time comes to actually do it, it is something we have to be careful about. Cash flow is not something to be trifled with, especially because, according to data from Sebrae, 60% of small and micro businesses go bankrupt due to something related to it. And what happens is: we don't pay enough attention to cash flow, payments start to come in on time, the flow starts to need management, and, because we neglect this need, before we know it, everything in the company is out of control. The thing to do is simply take care of cash flow closely to be successful. Understand where the money goes, how it's going, when the money comes back... It may seem complicated, but the SEBRAE website gives you tips on how to do this correctly, including to make money! 6. Don't buy more than you need for inventory It is essential to have good inventory management. Although buying more gives you a bigger discount, for those who are starting out, this doesn't make sense. The idea is to always start with an inventory that you can control. 7. Control income and expenses - We don't pay enough attention to cash flow, payments start to come in on time, the flow starts to need management, and, because we neglect this need, before we realize it, everything is out of control in the company. So, we have problems: one of them, for example, is always receiving payments from customers before paying the company's employees and suppliers. It's true that this is often difficult, but the more you avoid the possibility of surprises in payment, the better. 8. Don't mix money. The company's cash cannot be the entrepreneur's pocket. I always warn, but it's always good to reinforce cousins: the company's cash is not the entrepreneur's wallet. It's true that, especially when you are a MEI, separating the two is not that easy. But it is necessary. In other words: don't mix. Even though it may sometimes seem like it won't make much difference... it will. 9. Ways to raise money - Negotiate with banks and suppliers, evaluate terms and fees, and research the cheapest ways. Although it is a lot of work, it makes a lot of sense to go to each bank and see what you can get. It is by doing this that you will get options, and better options. 10 - Only apply for credit after you have exhausted your options - all debt weakens, cousin. You have to be very careful. Although credit is very attractive, we have to have control and also align with our supplier.