The New Economy

The greatest danger in times of turbulence is not the turbulence, it is to act with yesterday's logic.

For those who evaluate performance:
It is very easy to generate performance by taking more risk, what you need to do is compensate for risk-adjusted performance.

What we learn from "La Casa De Papel":
Plan every scenario & think well ahead of all the possible moves.
You should't try to handle every thing by yourself.
The better your research and plan, the fewer problems you will face in the future.
Ex*****on is as important as theory, progress is impossible without action.
Knowing your team members' strengths and weaknesses is key to performing well.
Learn from your own and other mistakes, the biggest teacher is a failure when you least expect it.
There should be something motivates everyone in the team.

Zombie Companies: are economically unviable and managed to survive by tapping the banks and capital market, they are highly leveraged and unprofitable, interest coverage ratio (ICR) below one, negative real sales.
In political economy, a Zombie company is a company that needs bailout in order to operate or indebted company that is not able to pay the debt principle.

The man who does more than he is paid for will soon be paid for more than he does.

Internal Control: is a process led by business's board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in 4 categories:
1- Effectiveness and efficiency of operations.
2- Safeguarding of assets.
3- Reliability of financial reporting.
4- Compliance with applicable laws and regulations.

The tragedy develops when we fail to realise that some things really are disappearing doors, we may work more hours at our job, for instance, without realising that the childhood of our sons and daughters is slipping away. sometimes these doors close too slowly for us to see them vanishing. One of my friend told me for instance, that the single best year of his marriage was when he was living in New York, his wife was living in Boston, and they met only on weekends.
Before they had this arrangement -when they lived together in Boston- they would spend their weekends catching up on work rather than enjoying each other. but once the arrangement changed, and they knew that they had only the weekends together, their shared time become limited and had a cleared end (the time of return train), since it was clear that the clock was ticking , they dedicated the weekends to enjoying each other rather than doing their work.
I am not advocating giving up work and staying home for the sake of spending all your time with your children, or moving to a different city just to improve your weekends with your spouse (although it might provide some benefits).
But wouldn't it be nice to have a built-in alarm, to warn us when the doors are closing on our most important options?

What makes you comfortable can ruin you, and only in state of uncomfortable you can continually grow.

Every business plan has some kind of model associated with it, the model provide assumptions about what the business will look like at a successful point in the future for example: the business plan for an established manufacturing company would show it's growing in proportion to its sales volume, as the profits from the sales or goods are reinvested in marketing and promotions, the company gains new customers, the rate of growth depends primarily on three things: the profitability of each customer, the cost of acquiring new customers, and the repeat purchase rate of existing customer, the higher these value are , the faster the company will grow and the more profitable it will be, these are the drivers of the company's growth model.

While no two businesses are exactly the same, Experts agree writing a business plan is the first real step any entrepreneur or prospective business owner should take, it shows a true level of commitment, it also forces real and tangible answers to important, and sometimes challenging, questions. A business plan is also the first thing any potential investor is going to request.
So what is it ???
Business Plan: is a written document that describes in detail how a business -usually a startup- defines its objectives and how it is to go about achieving its goals. A business plan lays out a written road-map for the firm from marketing, financial, and operational standpoints.