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competition appears at every step and fights meticulously

Posted: Sun Dec 22, 2024 8:50 am
by udoy
and late payments are another obstacle to stabilization in the first months of activity. According to the Euler Hermes report, as many as 801 TP3T companies close after the first year. The main problem is high philippine cellphone number code competition and low profitability. This figure suggests that not all Polish entrepreneurs have yet learned the art of running their own business, which does not exclude the fact that many of them have very high potential that they could develop in the future.

The closure of a company is often associated with low revenues or the possibility of only covering costs. However, it is in these cases that a good assessment of the company's financial situation plays a key role. Decisions should not be made under the influence of emotions. Ratio analysis is recognised as one of the most important elements when assessing a company's finances. It reflects the company's financial situation and allows for an unambiguous assessment by analysing groups of indicators of profitability, liquidity or stock turnover. The complexity of the analysis requires that time be devoted to assessing financial health and that further measures be taken based on the results and a fresh analysis.

Not all areas related to the operation of a company should be managed internally. There are times when it may be better to do without certain processes in a company or outsource them. Hence, any analysis carried out can show both the weak and strong points of the company and determine the steps to be taken.

According to economists Prof. Czekaj and Prof. Dresler, a distinction must be made between investment decisions and financial decisions of a company. Investment decisions concern the configuration of assets needed by the company, i.e. they involve the use of capital. Financial decisions, on the other hand, concern the sources of financing for these assets, i.e. their size, types and structure. Let us look at the assessment of a company's situation through the lens of the three-lens theory.

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The Three Lens Theory: A Reliable Assessment of Activity?