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00:00:03
already my colleagues, good afternoon everyone, I
00:00:06
I'm in the studio
00:00:08
magazine CEO who
00:00:10
provides these activities
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my name is fuchs alexander i am the director
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business school curriculum for
00:00:17
owners of the company the topic of our meeting is I
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I hope you can see it on the screen
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called the most important indicator
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business in many Hollywood films
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phrases that are constantly overused
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it is impossible to get the correct answer to
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this question is not asked correctly
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the question was not asked quite correctly
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frameworks are imposed for reasoning
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which lead to a dead end he implies
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two things the most important thing shows that
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business can be characterized in one way
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or according to a specific set of indicators
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and a sparkling discussion is expected
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between different authors on the topic of what
00:01:04
in fact, the indicator is
00:01:06
the main one of all that is possible on
00:01:09
business is actually impossible
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controls by indicators in general and
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attempts to do this
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tense will lead you to a dead end
00:01:20
solution because complex systems
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never reduces to a set of simple or
00:01:26
especially to one show nevertheless
00:01:29
we will discuss all these questions and you will understand
00:01:33
which direction should I point you in?
00:01:36
own thinking what to think about what
00:01:38
do with the help of their employees or with
00:01:43
with additional training
00:01:45
materials and other plans for our meeting
00:01:48
it will be like this
00:01:50
in the first part I will quickly tell you
00:01:52
why exactly am I like many others
00:01:56
representatives of the practical profession
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completely disappointed so called
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classical indicators further we
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let's talk about the holes in management
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companies arise if you are passionate
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these classical indicators and
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you need to understand that regardless of
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are you listening will you listen face
00:02:20
recommendations that will be made here
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you will have to deal with these problems
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anyway, in the third part we will talk
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about what exactly
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it is proposed to make more detailed
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Naturally you will receive information within
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special training courses
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Speaking of which, this issue is being discussed here
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the curriculum is dedicated to
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management accounting is the fourth
00:02:45
module if I'm not mistaken but all the outlines
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will be given here when available
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questions please write them questions in
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at the end of our meeting I will try with
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with pleasure, but let's start answering them
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I won't be here
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repeat the obvious to you most
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from our viewers probably has
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necessary economic preparation
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education is basically all that
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called classical exponents
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with tenacity worthy of the best
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applications are constantly written in all
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textbooks nevertheless in practice they
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almost no one uses me now
00:03:33
I’ll explain why and what’s the right thing to do if
00:03:35
uses schemes for working with standard
00:03:37
looks like financial indicators
00:03:39
in the following way
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the company's financial statements are taken
00:03:43
brackets tax reporting based on
00:03:47
This is where the coefficients are calculated
00:03:49
something is divided into something
00:03:51
sometimes it is reduced there to a percentage
00:03:54
growth is sometimes observed simply in
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relative ratios and then
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the authors of all these strange techniques
00:04:01
advise us to do the following things
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pay attention to trends that is
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getting worse, getting better this or that
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ratio of your business and conduct
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comparison with other companies to
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determine how you look against the background
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everyone else
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there is already one there, all the conclusions and
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forecasts are made based on this
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porridge called financial
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analysis
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why are there already comments here?
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our country and I live in Russia and work
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compared to others you are unlikely to succeed
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Is there any state government statistics abroad, they are very
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works quickly and basically everything
00:04:45
available and you can easily compare
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your key ratios may be strange
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but with other companies we have the same
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statistics are late on their own
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recognition for several years just with
00:04:58
entering data so what are you up to?
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will compare is a big question
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Let's talk about what this is leading to
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now let's see, first of all, for
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continue the conversation
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we need to clearly understand what differs in
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meaning there are fundamentally two different situations
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situation one is when we analyze
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someone else's reporting and we have nothing to take for
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drawing any conclusions other than
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strictly speaking this is reporting we are not
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we can dive deeper than inside
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companies therefore task number one
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looks like something to say
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based on someone else's financial analysis
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reporting and this task need to be clearly
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how to distinguish it from another task
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manage your own company where
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if desired, when setting up all systems
00:05:54
management and other accounting
00:05:56
I can still dive into this analysis
00:06:00
much denser further and so on it
00:06:05
two different tasks
00:06:06
therefore to criticize such financial
00:06:09
analysis for the purpose of analyzing other companies
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pointless because you have no others
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except for some spy sources
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information therefore task number one
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say at least something based on financial
00:06:23
reporting she's like this in economics
00:06:25
theory is solved
00:06:27
another thing is that the task of managing your
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own company is not limited to
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working there is also like a company
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it’s a stranger to you, it will be clear to everyone
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financier economist who are not very
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lazy lazy people don't want to do
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extra effort and they prefer
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take care of your own business as well as
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they would keep an eye on strangers, well, actually they say
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this is stupidity now we have enough for
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continue the conversation to understand
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fundamental difference between these
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two tasks why I actually
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Well, I'm not being original here
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it's absolutely known to everyone that
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forecasts based on financial
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coefficients
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they don't work well to be honest they don't work
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at all but there is some evidence there
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proof number one we are all
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heard big and unexpected
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large number of bankruptcies
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companies the scope of the company is such that
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penetrated the news and the situation
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no one suspected anything
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they work well they haven't fallen anywhere
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there are some unreliability in the rating and suddenly
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it turns out that there are tens of thousands
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tourists cannot fly there
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they find out what the hell is there
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time what they pay for and so on and
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so on then means for in each of
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these working companies include such
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serious like airline companies
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other things worked their financial
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directors are all educated people
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who were in their positions
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places with a bunch of diplomas and so on
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called experience nevertheless their presence
00:08:17
did not save these companies from bankruptcy
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and she wore an unexpected one
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catastrophic irreparable nature
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I can immediately tell all the conversations on the topic
00:08:28
deliberate fraud of these
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I don’t really separate companies one by one
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simple reason when a ship sinks
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I'm sure you'll want something last
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walk but in my opinion
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launch such a large-scale business as
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airline dial some big
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speed and only then someone
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deceive in soft fraud mode
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stupidly speaking, they don’t do that because
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that it's hard to hide and get away from
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responsibility is not possible at all
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this is kind of stupid, that's why it's
00:09:01
really bankruptcy and then what in
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process of the fall of these companies someone
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he drags something away and then return it completely
00:09:07
honest, well, yes, that is, but in my opinion
00:09:10
this bankruptcy occurred despite
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all efforts of bankrupt companies
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administration but why is this
00:09:19
bankruptcy was unexpected for them
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themselves and here there is 2 note the thing is
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that when all these events become
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known to us by the public it turns out
00:09:32
the wild amount of debt these companies have there
00:09:36
some wild billions often
00:09:39
it turns out that they haven't been there for years
00:09:41
paid suppliers and so on
00:09:44
the question is why is this happening?
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does not happen for the simple reason that
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someone wasn't paying attention just wait
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didn't pay attention and continued to work
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probably because they believed something else
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a little bit and they can do something wonderful
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way to escape get some
00:10:03
credit and most importantly they believed in
00:10:06
that the business is viable if you
00:10:08
correctly identified
00:10:10
the point at which a business begins
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minus and only minus no
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no reason to continue negative
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activity to multiply a quantity
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debts and actually adjust
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most people are stupid
00:10:23
so continuation of this minus
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work with the accumulation of huge
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the amount of debt says something about it
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what is the company's economic service like?
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its consequence
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top management until the last moment
00:10:37
it was believed that they could survive they did not
00:10:41
accepted at one time a wiser
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decisions to stop this bacchanalia of growth
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debts and losses to escape attention
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consequences why there were none because
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What or that one can be saved why they
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believed but because they used it
00:10:55
with all these crap you use methods that
00:10:58
as a matter of fact they were not allowed
00:11:00
get my personal right
00:11:03
disappointment is the third fact of memory in
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piggy bank why I don’t believe what it is
00:11:07
works arose a long time ago during my
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own activities
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me after the end of perestroika
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if it ended at all worked on
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placing money in commercial banks
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my task was not to
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only to place this money but also
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It is advisable to get them back from
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percentage therefore for all questions
00:11:37
dedicated to the reliability of commercial
00:11:39
I followed a wild number of banks
00:11:44
these rumors were followed with wild motivation
00:11:47
the rest of course pass by
00:11:50
published in the newspaper Kommersant then
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more
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first there was a magazine only later
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reliability rating newspaper appeared
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commercial banks, of course, I couldn’t
00:12:01
now if my memory serves me right
00:12:04
it is published quarterly and then it
00:12:07
published monthly what's wrong
00:12:10
represented the reliability rating
00:12:11
commercial banks this is a certain
00:12:15
cumulative reliability factor
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which was calculated there give in this
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look at the newspaper it's cumulative
00:12:23
coefficient with certain forests
00:12:26
certain financial
00:12:27
indicators
00:12:28
How they multiplied and it turned out
00:12:31
the result basically reminds me of this
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well-known so-called Altman defense
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there was such a specific comrade
00:12:40
the united states of america which
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developed protection for the purpose
00:12:44
predicting company bankruptcy
00:12:46
so we can say that the rating
00:12:49
reliability of commercial banks which
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read from financial statements
00:12:52
commercial banks is a certain
00:12:54
adaptation of these same deceptions to
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banking before I tell you
00:13:00
I'll tell you about the result
00:13:02
and here are some attempts to make these
00:13:05
let's draw conclusions based on forecasts
00:13:10
let's think for a second about commercial banks
00:13:12
firstly it reminds these others much
00:13:15
more than any other companies from
00:13:19
industries, that is, figuratively speaking, the difference
00:13:21
between dairy factory number one and
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dairy plant number two will be much
00:13:25
more than between commercial banks
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number one and commercial banks number
00:13:30
they basically have two types of activities
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really matches all the known ones
00:13:34
banks have all the necessary
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licenses and so on and so on and so on
00:13:38
further to the second commercial banks in
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difference from ordinary living enterprises
00:13:43
ours are being handed over, hold on, they are actually leading
00:13:45
daily reporting
00:13:46
so there’s also a need to mess around with numbers
00:13:49
it's possible, but it's not much more difficult
00:13:52
time delay in the quarter of receipt
00:13:55
some kind of reporting what is all this for
00:13:56
I say if somewhere these same ratings
00:13:59
should have worked perfectly then this
00:14:02
banking sector
00:14:04
my words are very easy to check you
00:14:06
you can take the binder yourself
00:14:08
newspaper businessman then child
00:14:10
leaf through it and with worthy surprise
00:14:14
best use
00:14:16
Please note that not a single large
00:14:19
bank bankruptcy there is a station wagon door
00:14:23
bank then I remember income there at Tips events
00:14:27
it was impossible to predict using
00:14:30
definitely this is the reliability rating
00:14:32
banks, not a single bank before its fall
00:14:36
fell below the top ten points there
00:14:39
sometimes the situation reached the point of insanity
00:14:42
when you news albans in memory was on
00:14:45
second place in reliability and already below
00:14:48
quotes were printed using the same rating
00:14:50
debts of this bank which was sold
00:14:52
already there are 40 to 30 percent of
00:14:55
nominal value, that is, the market has already spoken about that
00:14:57
that one actually needs to be saved, but this
00:15:01
no reflection on the financial forecast
00:15:03
didn't get it, he was in second place
00:15:08
reliability Well, actually they say until death
00:15:11
That's why
00:15:13
these indicators actually work
00:15:16
for the purpose of financial forecasting
00:15:18
bankruptcy
00:15:19
very bad question why let's
00:15:24
let's try to understand that there are two
00:15:27
possible reasons why they actually
00:15:31
return the work reason first but understandable
00:15:36
that any company wants to look better
00:15:38
in the eyes of potential investors
00:15:40
outside public creditors
00:15:42
Therefore, financial indicators are trying
00:15:46
fake for all people working live
00:15:50
financial
00:15:51
everyone is well aware of the financial sector
00:15:54
means of the so-called financial
00:15:56
makeup and we all actively use it when
00:15:58
adorn these all with balance and fortunately for
00:16:01
these comrades
00:16:03
these numbers are so bad for
00:16:06
there is no special protection against this
00:16:08
It takes a while to draw them, well
00:16:12
no problem
00:16:13
so we can say that this one
00:16:16
the technique does not work because everything is
00:16:18
business but like if we are for our own
00:16:21
purposes to apply within the company and not
00:16:23
let's fake anything for ourselves
00:16:26
based on this we can do
00:16:29
there are two forecasts for this
00:16:32
the reasons you see on the screen
00:16:34
first if the indicators are faked and
00:16:37
it just spoils this one
00:16:39
wonderful technique
00:16:40
then, in principle, they can be used for
00:16:42
internal work to the peak for ourselves
00:16:44
we won’t do it, but if the technique
00:16:48
bad itself bad incurably then them
00:16:52
it is impossible to use days for adequate
00:16:54
assessments of external efforts and external companies
00:16:56
but especially not for your loved ones
00:16:59
let's figure it out, I claim that I myself
00:17:03
this technique
00:17:06
She's basically disgusting
00:17:09
not viable
00:17:11
therefore, its failure lies not only in
00:17:13
that these indicators are falsified and
00:17:16
embellish at every turn
00:17:17
but also in the fact that it itself is in
00:17:20
not viable in principle explainable
00:17:23
Why
00:17:24
suppose we get together and
00:17:28
decided to do the same thing from scratch
00:17:30
an effort that may have been done poorly
00:17:33
there mister iphone love everyone else
00:17:35
say let's bring out ours
00:17:37
coefficients are more correct
00:17:39
the correct ones, let's quantify them
00:17:42
parameters critical points and so on
00:17:45
I honestly don’t know how to do this task
00:17:47
solve ideally explain why in three
00:17:52
the main reasons that you see before
00:17:53
the first thing if we practice
00:17:57
Let's try to do this work personally
00:17:59
just believe that some
00:18:02
the professor is very smart so he did everything
00:18:04
right we have to find the answers to
00:18:06
the following questions the answers to which how
00:18:08
find
00:18:09
personally I don’t know the first thing is clear that everything
00:18:12
indicators of financial reliability there
00:18:15
other
00:18:16
must be at least tied
00:18:18
area to areas of activity is clear
00:18:21
that the specifics of the business there are conditional
00:18:24
Moscow has different business specifics
00:18:26
Tyumen
00:18:27
not to mention different regions of the world
00:18:29
this is obvious if the company is local and
00:18:33
only works in one area or
00:18:35
region this issue resolves itself and
00:18:38
obvious, but what about the big ones?
00:18:40
companies that at the same time
00:18:41
represented in almost all regions
00:18:45
actually where are they more
00:18:48
work where they pay taxes where
00:18:50
minerals are mined where
00:18:52
sold or where they hide money
00:18:54
the question is very difficult, not idle what’s its name
00:18:57
for example, I can’t solve it correctly at all
00:18:59
I imagine this is where it actually works
00:19:01
for example gaspra
00:19:02
but he pays taxes if he pays in Moscow
00:19:05
hides money in other places extracts
00:19:08
generally in places where no one lives
00:19:11
pumps gas there through populated and
00:19:14
uninhabited areas as correct
00:19:16
zoning then fought, moreover, any
00:19:19
transnational company of the world
00:19:22
level besides what is presented almost everywhere
00:19:25
she also deliberately hides and distorts her
00:19:28
activities in such a way that
00:19:30
show maximum margin where
00:19:31
she doesn't pay taxes so we all
00:19:35
We understand that this is a significant distortion
00:19:37
I haven't met a single smart person
00:19:39
who would honestly say how it is
00:19:42
solve correctly we understand what it is
00:19:45
it’s difficult but we don’t understand how to solve it
00:19:46
end therefore this is 1 claim second
00:19:50
the claim is offshore and in principle it
00:19:53
matches the claims for the companies
00:19:55
ghosts
00:19:56
offshore, well, as you know, people hide
00:20:00
money is hidden all over the world, not only in
00:20:02
hides us everywhere
00:20:04
terrible situation with authorization for analysis
00:20:07
it is clear that money
00:20:09
are transferred offshore not as pure profit
00:20:12
there and so on and so forth
00:20:13
this means some kind of inflated expenses
00:20:17
which actually have no place on
00:20:19
it was the error that made us and when
00:20:21
money is returned from offshore
00:20:23
again under the most varied
00:20:25
formulations need to understand that these
00:20:27
the wording doesn't match either
00:20:29
economic reality and it is necessary
00:20:31
find some correct way how to
00:20:33
these things work like these
00:20:35
correction factors should be introduced very
00:20:38
It’s difficult, I can’t imagine how to do it
00:20:40
the same applies to ghost companies through
00:20:43
which are pumped enormously
00:20:46
the amount of money is no secret what's around
00:20:48
any large company grazes a bunch
00:20:50
companies whose task is to pump
00:20:53
money through yourself is a big turnover for
00:20:57
the most important big tell me if these
00:20:59
money comes out
00:21:00
goes out of business and series there
00:21:04
advertising expenses for example we do
00:21:07
double fault first we finish
00:21:10
advertising costs in which actually
00:21:11
things are not going well and we have a second point for
00:21:14
analysis supposedly reveals non-existent
00:21:17
some advertising agency dealings in which
00:21:19
great so we made two mistakes
00:21:23
We incorrectly evaluate the parent business from
00:21:26
which this money goes and we
00:21:27
We estimate incorrectly
00:21:29
advertising business in which
00:21:31
saying this money does not have at all
00:21:32
I have no idea
00:21:35
it's easy to criticize other people but I'm crazy
00:21:38
I won’t tell you how I would have decided these myself
00:21:40
all three questions you are these three problems
00:21:43
that's why I think about metallica
00:21:46
unworkable principle
00:21:48
nevertheless nevertheless it can be said
00:21:53
if the technique is so bad dear
00:21:56
Alexander Vladimirovich why her
00:21:57
study in business schools and apply
00:22:01
the explanation is very simple and study
00:22:04
because if you are of your kind
00:22:06
activities are forced to look in
00:22:09
mirror of strangers
00:22:11
then this is your financial face for you
00:22:14
will have to edit there, stand there, that is
00:22:17
if you are a startup you are going to
00:22:19
sell
00:22:21
buyer you need to pretend that you
00:22:24
good looking no matter how
00:22:26
in fact that's why you will
00:22:28
engage in embellishing this
00:22:30
situations
00:22:31
to at least match
00:22:32
investors' expectations if you are a joint stock company
00:22:35
a company which in the form of stock quotes
00:22:37
seller and in general every second then you
00:22:40
must comply with the rules
00:22:43
financially
00:22:44
what it looks like on a financial
00:22:46
market so you will keep an eye on those
00:22:50
What do your financials look like?
00:22:52
by the way, regardless of whether you believe in
00:22:54
them or not you will be obliged
00:22:57
matching this picture is another matter
00:23:01
what for people who are used to
00:23:04
minimize your own efforts here
00:23:07
this technique also gives excellent
00:23:10
reason not to do anything, that is
00:23:13
man graduated from economic muse
00:23:17
pretends to sincerely believe in all these
00:23:19
methods for all claims of the highest
00:23:23
guided by your company and series you
00:23:25
you don't catch mice, you give wrong forecasts
00:23:28
you can safely say that I am spending
00:23:31
analysis of odds at the level of the best
00:23:35
textbooks and bangs are everything for me here
00:23:37
pester yes this is a good way
00:23:40
self-defense, therefore this technique is actually
00:23:43
in fact, it has been and will be applied
00:23:45
until the second coming not because she
00:23:48
good but for these two reasons
00:23:51
which I named here, now let's talk
00:23:56
on the topic
00:23:58
but this brings up why it is important
00:24:00
touch on two reasons
00:24:03
if you don't want to change anything from
00:24:07
according to your psychotype according to your attitude
00:24:09
treat the situation as
00:24:13
say humility with what comes from
00:24:17
series well analysis of financial statements
00:24:19
bad but since there is nothing better types
00:24:22
nothing and try was to suffer then in
00:24:25
in any case you will have to overcome
00:24:27
here are 4 very significant problems
00:24:31
which look just classic
00:24:35
economic education and attempt
00:24:37
only the consequence of following it means
00:24:40
the first situation you will encounter
00:24:43
go face her it's obvious
00:24:46
inflated profit figures
00:24:48
it so happened that the financial statements
00:24:50
the rules for its compilation do not interfere at all
00:24:53
draw profit if desired, moreover
00:24:56
this is initially positive
00:24:59
an indicator that I can’t even imagine
00:25:05
20 usually when the company is forced
00:25:07
declare losses this means
00:25:10
that she can't even draw at all
00:25:12
no profit from the disaster therefore
00:25:16
clearly inflated profit is
00:25:19
evidence is necessary how to say
00:25:22
irresistible consequences of your game
00:25:24
economics any experienced general
00:25:28
the director already understands that profit
00:25:32
which economists draw and tell him
00:25:34
sometimes sincerely even with a reluctance to let
00:25:36
in their eyes
00:25:37
it does not correspond to creditors
00:25:41
reality
00:25:42
profit is much less so on more
00:25:46
that if you are not lazy and climb into
00:25:49
financial textbooks are all available to you
00:25:52
with your surprise you will not find any
00:25:54
accustomed to one definition of the term
00:25:56
which would suit you, for example
00:25:59
the most sensible definition in my opinion
00:26:02
view generally available term length
00:26:05
profit before but in modern
00:26:06
economic dictionary crashed next
00:26:08
way when you are exceeding
00:26:12
sales revenue from the sale of goods and
00:26:16
services over total costs for
00:26:19
production and creation of these goods
00:26:23
which keyword here leads to
00:26:26
catastrophic consequences that word
00:26:27
these in general everyday logic which are on
00:26:31
actually the project term is profit
00:26:35
they describe all your activities
00:26:37
only a certain set of goods like
00:26:41
done by scammers or any people who
00:26:43
sincerely wants to draw they share
00:26:46
all products that are sold and shown
00:26:49
profit on them and all goods that
00:26:51
are unprofitable and they simply don’t count them
00:26:54
hang indefinitely why
00:26:56
many managers probably adore it
00:26:59
open more and more new projects
00:27:01
because
00:27:03
It’s too early to draw a conclusion based on them
00:27:07
creates a certain financial cushion
00:27:09
security and all closed projects
00:27:12
supposedly profitable the rest they are
00:27:14
we just have investments and this one
00:27:16
the situation can continue for so long
00:27:18
time, well actually money
00:27:20
won't end
00:27:22
so the first task is
00:27:24
before any sensible general
00:27:26
director
00:27:27
this is to work out something like this
00:27:30
Definition of the term profit and start with it
00:27:33
use it so she doesn't deceive you
00:27:37
itself because when it tells us
00:27:40
inflated profit figures
00:27:42
let's be honest
00:27:43
we spend money more boldly, more cheerfully and in general
00:27:45
I think that my good-looking but
00:27:47
really funny situation when
00:27:50
launched a project in which they invested
00:27:52
he's worth several million dollars
00:27:54
next month they may say that we
00:27:56
made a profit
00:27:57
Well, it’s clear that according to everyday and correct
00:28:00
profit point of view is when you
00:28:02
you won't return a million dollars
00:28:04
returned another million dollars in a month to
00:28:06
what profit can we talk about therefore
00:28:09
seven economic education under
00:28:11
the name of profit is very dangerous
00:28:12
you will have to work out your own ways of doing it
00:28:16
counteraction in what ways
00:28:17
used by practitioners in private business
00:28:20
Actually speaking, we speak
00:28:23
seminars you may not use directly
00:28:26
then the definition that we will allow there
00:28:28
we insist on it, come up with something of your own
00:28:30
anyway economic definition
00:28:32
profit is not suitable for practical purposes
00:28:34
activity the second situation that you
00:28:37
you'll definitely get it
00:28:39
no matter what type
00:28:41
activities you have this overstocking
00:28:44
not liquids, the point is that, again, with
00:28:47
financial theory point of view
00:28:49
management
00:28:50
any mother acquired company
00:28:52
called such a strange term
00:28:55
assets, that is, any stupid thing that
00:29:00
actually bought by the company
00:29:02
increases its asset value here
00:29:07
that's what happens
00:29:08
like financiers are not responsible for
00:29:11
the expediency of certain
00:29:12
acquisitions so that's all
00:29:15
increases the company's capital moreover
00:29:18
need to gain managerial courage
00:29:20
and over time announce that illiquid assets are
00:29:23
illiquid assets and then take them and write them off
00:29:26
there is only then more will happen
00:29:28
adequate correct revaluation of this
00:29:31
business it is clear that the person is guilty of
00:29:33
for illiquid goods it tries not to
00:29:36
never do so it will smell like
00:29:39
balance until death actually
00:29:43
the final situation is to just stop
00:29:45
pray on standard financial accounting
00:29:48
and financial education let's
00:29:51
consider a fictional example two
00:29:53
companies buy
00:29:54
the same raw materials we need for work
00:29:57
don't be mistaken about this but the company bought
00:30:01
this raw material costs 10 dollars there for
00:30:03
ton for per kilogram a company b
00:30:06
I bought the same raw materials for 22, it’s clear that
00:30:10
company a is smarter than company b because
00:30:13
what you saved on purchases of important raw materials
00:30:15
but if you evaluate
00:30:17
the book value of this company you
00:30:20
You will be surprised to find that the company is bad
00:30:22
like it became richer, it’s obvious and here it is
00:30:24
such a strange distorting mirror of financial
00:30:28
reporting that may occur
00:30:30
replanting
00:30:32
you will also have to do it manually
00:30:35
learn to deal with the problem
00:30:37
overstocking with non-liquids
00:30:39
because standard financial
00:30:41
reporting prepared as standard
00:30:43
economists don’t see this at all
00:30:47
may not see this as a problem
00:30:49
believes that this problem does not apply to them
00:30:51
relates and have no idea how this
00:30:55
stop the process, it's all for you
00:30:57
will have to fix it
00:30:58
despite the fact that you can there
00:31:01
believe or not believe financial
00:31:03
indicator while they are working for you
00:31:04
economists prepared this way
00:31:07
your problem
00:31:08
the third problem is loans in
00:31:11
economic theory which
00:31:14
70 percent ordered by bankers
00:31:17
the danger of use has been reduced
00:31:19
borrowings reduced for
00:31:22
danger danger of use
00:31:23
borrowed funds the thing is that there
00:31:26
loans can be assessed incorrectly
00:31:28
read
00:31:29
all sorts of nonsense like the best
00:31:32
ratio of own and borrowed
00:31:34
funds one to one that is when we
00:31:38
this kind of maxim is proven in
00:31:41
institutes explain it there, etc.
00:31:44
they often talk about what children are watching
00:31:46
calculate the cost-effectiveness of your own
00:31:48
capital they show us with the help
00:31:51
schemes in which there advertises credit
00:31:54
leverage about what if the company does not
00:31:57
uses borrowed funds lives
00:31:59
only for your own
00:32:00
she will inevitably get vitamins
00:32:02
equity capital is worse than if it
00:32:06
use what is called credit
00:32:08
lever, that is, a certain set
00:32:10
borrowed funds a certain part
00:32:13
gentlemen, this is stupidity done here
00:32:17
elementary logical error but simple
00:32:19
people with humanitarian brains when they
00:32:21
study at economic universities not in
00:32:23
able to track this during these
00:32:26
lectures and beat the professor the point is
00:32:29
what if profitability indicator
00:32:32
equity capital would be the main and
00:32:35
the only thing then ideally needed
00:32:38
work without any own funds at all
00:32:42
Well, you have your own funds
00:32:44
no, if only borrowed it works out
00:32:47
conditionally profitability of own
00:32:49
capital close to infinity is that
00:32:51
it's okay that's stupid in my opinion
00:32:53
this is a Chevy
00:32:54
so actually sane
00:32:58
people don't just look at what
00:33:00
called profitability of own
00:33:02
capital looks at look at others
00:33:04
things are therefore a distorting mirror to us
00:33:07
first recommends business schools here
00:33:10
these consequences do why this
00:33:12
ordered by bankers who tell
00:33:14
fairy tales that taking out loans is useful
00:33:17
it’s okay to try to work at all
00:33:20
without credits it’s kind of like a tour, well it’s
00:33:23
It’s not true that any practitioner knows perfectly well
00:33:26
which is better, first of all, working for your own
00:33:28
it's even better to work for the money you
00:33:31
you get from the market from clients such
00:33:33
the scheme exists and when actually
00:33:36
it's burning, there's nowhere to go, we start looking
00:33:38
opportunities for loans in any
00:33:41
in case we pay off the loans first
00:33:43
turn, read the bankruptcy statistics
00:33:46
companies they just happened according to that
00:33:48
simple reason that external creditors
00:33:50
sooner or later they refused to renew
00:33:53
new loan so the danger is here
00:33:55
it's obvious but you won't read about it
00:33:57
danger financial wants and 4 4 distortion
00:34:01
which is observed in any company who
00:34:06
will use financial ones like these
00:34:08
approaches to assessments to reporting to assessments
00:34:12
own business is deferment is
00:34:15
deferment is actually a loan which
00:34:18
again, you're trying to sell this idea
00:34:22
that everyone in the world is giving deferments, you’re like
00:34:25
must be a very expensive pleasure
00:34:28
which is completely inadequate in theory
00:34:31
is calculated in general
00:34:33
accounts receivable to the majority
00:34:36
methods are considered one when we almost
00:34:38
not as revenue money as therefore
00:34:40
from an assessment point of view there is nothing
00:34:44
there is no difference but we understand everything
00:34:46
great difference between money which
00:34:48
you receive a by prepayment b in fact
00:34:51
money that you only get
00:34:53
through not
00:34:54
time after sale play with money
00:34:56
you will immediately understand the difference so the curve
00:34:59
mirror invented financial statements
00:35:02
financial analysis leads valuation book
00:35:04
with such a terrible phenomenon as delay
00:35:07
which provide companies with this too
00:35:10
can have serious consequences
00:35:12
and of course all these theoretical
00:35:15
inspired miracles can have the most
00:35:20
tragic consequences if your business
00:35:23
large you have branches and a directorate
00:35:27
of these branches he himself conducts there
00:35:28
calculates what coefficients its
00:35:30
reporting
00:35:31
that is, he himself is interested in
00:35:33
draw these indicators imitate
00:35:37
good job even the court will come if you
00:35:41
again use the classic ones
00:35:43
strange control schemes and allow
00:35:45
they can formulate their own reports
00:35:47
Well, yes, they draw these reports because
00:35:51
as soon as I could and the same situation strongly
00:35:55
aggravated when using hired
00:35:58
management if you are hired
00:36:00
you will evaluate the manager by
00:36:02
reports that are drawn by the same
00:36:05
hired manager
00:36:06
naturally he won't be a fool himself
00:36:09
optimistically draw this statement
00:36:11
as much as he can
00:36:13
common sense
00:36:14
conscience and everything else but expect that
00:36:17
that he will modestly evaluate his
00:36:20
achievements be conservative in assessment
00:36:22
your successes but in my opinion upward
00:36:24
naivety respectively all four
00:36:26
problems listed here
00:36:29
are significantly increasing in their
00:36:32
complexity value if you have a company
00:36:34
has branches in a large business if you
00:36:38
you use hired management which
00:36:41
actually creates it herself
00:36:43
and we can talk a little more about this
00:36:48
to infinity
00:36:49
which, strictly speaking, is within the framework of the basic
00:36:52
learning we are trying to do because
00:36:54
that this is only a designated problem
00:36:56
methods were not indicated here
00:36:59
solutions let's briefly move on to the topic, so what?
00:37:03
actually do
00:37:06
and the situation that we have designated as
00:37:09
exactly, but we see that reporting
00:37:13
classic odds don't work
00:37:16
there are two solutions basically all people
00:37:21
having an economic education
00:37:24
numerous consultants
00:37:26
they go this way they develop
00:37:30
so-called smart indicators, well then
00:37:33
there are classic indicators they are stupid
00:37:35
really stupid because I
00:37:37
for example, I haven’t found one yet
00:37:40
investor
00:37:41
not a single professional serious
00:37:45
financial analyst who would like to
00:37:47
blue eye there said you will learn about
00:37:49
What's more, I'll use financial
00:37:51
I'm fine with the odds
00:37:53
It turns out that I’m doing these calculations according to
00:37:56
pyramid of dupont indicators that's all
00:38:00
I'm good, no, it's just wonderful
00:38:03
alone in this world
00:38:04
therefore, great popularity and
00:38:07
quite rightly received a whole
00:38:10
a bunch of techniques, they are different, this is when
00:38:14
trying to invent instead of the classic
00:38:19
in parentheses a stupid indicator like
00:38:21
called smart indicators there
00:38:24
difficult kaplan and doctor you will find them
00:38:27
maybe you know them away and this is the first
00:38:31
direction and 90 percent of people who
00:38:34
kind of smart and understands limitations
00:38:38
classic financial indicators are coming
00:38:41
in this direction and let's create
00:38:43
smarter indicators that are hard
00:38:45
fake and which are more good
00:38:48
characterize the business and so on, but on
00:38:52
in fact there is a second one on the right
00:38:55
which in my opinion is much more
00:38:58
correct than the first is refusal to play
00:39:03
indicators
00:39:04
in general, when chained, refusal to play
00:39:07
the indicators are absolutely in this direction
00:39:11
practically not represented at all
00:39:13
available literature at the same time all
00:39:15
management practices
00:39:17
successful explicitly and implicitly go to the second
00:39:20
Kanepi direction
00:39:22
so to save time, if
00:39:25
have your wish for God's sake you can
00:39:27
ask questions about specific topics or
00:39:29
another smart indicator there are very many of them there
00:39:31
a lot of
00:39:32
I'm glad I really love these guys
00:39:36
I’ll explain to the diggers why these aren’t there
00:39:40
smart indicators they are just as stupid
00:39:42
only more well camouflaged
00:39:44
gutting with classic therefore
00:39:46
term smart indicators to say the least
00:39:50
controversial advertising I'll give you you
00:39:54
advise you to think at least what if
00:39:57
this if you want to pay any
00:40:00
concrete actions, come find out how
00:40:02
department go in detail in the direction of what
00:40:05
refusal to play, what are the indicators all about?
00:40:09
we're talking about
00:40:10
look how dangerous it is
00:40:13
games in indicators are not at all dependent on
00:40:16
Togo
00:40:17
you play classically classically
00:40:22
indicators or smart ones, let’s look at
00:40:25
sign first as soon as you
00:40:29
formulate your attitude towards
00:40:31
own business and someone else's
00:40:33
it's impossible strangers won't let you in
00:40:35
analyzes we are talking about our company
00:40:39
so look at any indicator like
00:40:42
only you lead it, people performers
00:40:45
will be interested in these indicators
00:40:47
try to fake them therefore
00:40:51
starts of a certain kind
00:40:52
competitive confrontation
00:40:54
you formulate the method of calculation or takes
00:40:58
to arm others or come up with your own
00:41:00
but any of your incorrect statements
00:41:03
you didn't take into account something you are definitely using
00:41:07
talented performers and I'm sure that
00:41:09
your people are smart and talented for
00:41:12
in order to fake show that is not
00:41:15
improve the process in essence and improve
00:41:17
indicator which is supposedly his
00:41:20
characterizes, for example
00:41:22
that's when companies get very serious
00:41:26
begins to struggle, for example, with
00:41:27
very overdue debts
00:41:31
often performers have one
00:41:33
the possibility of how to combat this
00:41:36
turn they say we don't have
00:41:39
overdue debt because
00:41:41
despite the fact that the debt has already been hanging for a year but
00:41:44
we agreed with the client and rescheduled
00:41:47
debt payment deadline
00:41:48
that is, it is not expired, she s
00:41:51
postponed from varnish it is clear that
00:41:53
it's chemistry and lies
00:41:55
but if you are from afar and you have no idea
00:41:57
you have when, in fact, this debt
00:41:59
arose you there is no such possibility that is
00:42:01
appear in
00:42:03
as if reporting to people everything
00:42:05
formal grounds to say that he has
00:42:07
everything is ok not overdue debt it
00:42:09
it's just so long but there's no delay
00:42:12
we manage you know how there is a joke
00:42:14
learn and define fire fire is
00:42:18
uncontrolled combustion process in
00:42:20
installed hearths as soon as they arrived
00:42:22
started to control something like this
00:42:24
no longer a fire controlled fire and no longer
00:42:26
controls different things you are the same here
00:42:29
It's like we're keeping our finger on the pulse
00:42:32
no more events needed
00:42:35
but it would seem impossible to fake
00:42:37
such an indicator as actually
00:42:40
the proceeds received but you haven’t lived long yet
00:42:42
that's why your humble servant
00:42:45
faced the following situation when we
00:42:47
were friends with one of the companies that
00:42:50
borrowed with commercial equipment for that
00:42:53
moment of time
00:42:55
what is the leading company in our country in terms of
00:43:00
sales volume was to remain there
00:43:04
following the existing sales department
00:43:09
set the bar for raising money for
00:43:12
certain period and said that if
00:43:14
you perform choose this much
00:43:16
money, here's a bonus for you, everything's great, everything
00:43:19
notice everything transparently what it led to
00:43:23
since this company was selling its
00:43:26
equipment
00:43:27
dealers respectively from commercial
00:43:31
department with many idylls in addition
00:43:33
good human ones from ours
00:43:35
they called, let's say in December
00:43:38
month of all well-tuned barking moment
00:43:41
them dealers and the guys said here you have
00:43:44
if there is free money at the end of the year
00:43:47
please put them away for later
00:43:50
Why should we deal with our people?
00:43:52
you will buy from us yourself
00:43:54
the equipment behind us will not lie there and
00:43:57
you will get deferments and good discounts
00:43:59
so everything you have is free
00:44:02
please give me honest words
00:44:04
what happened to us they were delighted
00:44:07
fulfilled this plan and received all our
00:44:10
bonuses, many of whom later quit
00:44:12
Amazing
00:44:14
in fact, to disentangle all this
00:44:16
the situation had to be new
00:44:18
called the team, the devil will break his leg there
00:44:22
what was actually promised and what was not
00:44:24
it was just promised by the clients themselves
00:44:26
they lied, why am I saying that people
00:44:28
much smarter
00:44:30
how to show these same sets
00:44:34
for example, you can often read what if
00:44:37
you have a problem with new products, but you see
00:44:40
such an indicator as a percentage of revenue
00:44:43
received from new products, compare it with
00:44:46
old people and that means you will understand
00:44:49
how good luck are the new items to be honest
00:44:52
last resort
00:44:53
formal attitude to the matter why if
00:44:56
people have such an opportunity but there is nothing
00:44:58
do they release they first remove
00:45:01
completely full-fledged products or
00:45:05
update that is, they make some changes
00:45:08
doesn't mean at all
00:45:09
changes are announced as new and when
00:45:12
you start analyzing based on these
00:45:14
disastrous indicator of their figure down
00:45:16
let's go and the new items are all good
00:45:18
every three months full update
00:45:20
assortment and everything in chocolate
00:45:21
actually a natural profanation but
00:45:25
understand it using indicators
00:45:27
it will be almost impossible for you but not
00:45:31
It’s worth even delving into this topic for everyone
00:45:33
who owns and is close to production
00:45:36
companies they are aware of the topic that the marriage is yours
00:45:38
then so it is not masked is not completed yet
00:45:41
in something like that, the term marriage and
00:45:43
did not arise so the first big complaint
00:45:46
I won't
00:45:47
endlessly immerse yourself in this topic
00:45:49
games of indicators in general is that
00:45:51
what will you do based on these indicators
00:45:54
try to calculate the consequences of work
00:45:56
thinking beings and these thinking beings
00:45:59
will come up with all sorts of ways
00:46:02
any that are there they are like these
00:46:05
make smart indicators stupid and
00:46:08
it will turn out like in the famous joke when
00:46:10
stopped developing smart weapons
00:46:12
because the bomb doesn't fly, she's smart
00:46:15
here is more further there is 2 second reason
00:46:21
why play indicators
00:46:23
any smart and stupid people are bad in general because
00:46:27
that the controllers themselves begin this strand
00:46:31
their own approach, that is, they reduce
00:46:34
monitoring progress of observations
00:46:36
show, for example, if a well-known topic
00:46:39
called management deviation
00:46:42
we have estimates we have
00:46:45
indicators if any deviations occur
00:46:48
financiers identify them and we begin
00:46:51
excited to analyze these things in
00:46:54
In particular, here's Jack Welch in his book
00:46:59
real life ginger and which is peculiar
00:47:01
was translated by mono publishing house
00:47:04
name instead of imei
00:47:07
let it remain on their conscience to eat there
00:47:10
such a section like you're afraid of financial
00:47:12
management and you will no longer be all that
00:47:14
jack wills wrote there with everything to them
00:47:16
respect, what is written there is complete stupidity
00:47:18
that is, in principle he described management
00:47:20
reject why this nonsense I explain
00:47:23
Let's say you own a construction company
00:47:25
Do you have an estimate for all of these companies?
00:47:28
money slaves, so if according to the estimate
00:47:32
savings have occurred, this does not mean that
00:47:35
something is good right because
00:47:37
it’s possible that they didn’t report well at all
00:47:40
if the estimate is completed to zero, this is also not
00:47:43
guarantees that all work is declared
00:47:45
done it's simple and possible
00:47:47
adjust and overspend according to estimate
00:47:50
doesn't always talk about what people have done
00:47:52
something bad because if you
00:47:54
the cost of cement, for example, has changed
00:47:57
she will naturally be well
00:47:58
you will see overspending therefore
00:48:01
rejection management is stupid you
00:48:04
must engage in management even
00:48:06
in the absence of any, reject again
00:48:08
I say to follow the case they are behind
00:48:09
indicator second claim mind-numbing
00:48:13
approach to the game according to the audit indicator
00:48:16
happens after the fact
00:48:17
that is, if during the inspection you
00:48:20
correctly identified where the money went
00:48:23
they've already leaked
00:48:25
Well, maybe you'll hang those who
00:48:28
Tekane is responsible for this
00:48:29
but you won't get the money back smart
00:48:32
a person is interested in anticipating this
00:48:35
question about finding out in hindsight what
00:48:39
money was spent, of course
00:48:42
will flatter your planes but will not fix it
00:48:45
further read any financial analysis
00:48:48
read any analysis
00:48:49
so-called smart indicators and
00:48:51
possible reasons are always written there
00:48:54
deviations in indicators are also there
00:48:57
list of certain guys if after
00:49:00
this alarm signal I don't care
00:49:02
must carry out additional
00:49:04
investigation
00:49:05
and then the price of this alarm signal but
00:49:10
it is equal to zero, you know there are known ones
00:49:12
sayings
00:49:13
I get a referral for analysis in advance
00:49:16
decide what you will do if
00:49:17
the test result is positive
00:49:19
deny the results of the analysis if your
00:49:22
action coincide need for analysis
00:49:25
disappears, that is, excuse me if I
00:49:29
They say that this is what you have in your workshop
00:49:31
there is some overspending there
00:49:34
which million rubles I later
00:49:38
must say the same reasons reasons these
00:49:40
In any case, you don’t need to look for a pirated one.
00:49:43
waiting for this overspending therefore
00:49:45
there is no point in purely economic analysis
00:49:48
financial
00:49:49
to be honest, for investigation, well, no
00:49:52
the slightest moreover even when
00:49:54
financial indicators are ok
00:49:57
deviation is equally possible, of course we
00:49:59
we will always be late with yours
00:50:02
decisions because first the situation
00:50:04
happened then reflected
00:50:05
financial statements
00:50:07
then we were able to analyze
00:50:09
Maybe
00:50:10
ruin the future problem and then we
00:50:12
woke up and the most disgusting thing began
00:50:15
This is another phenomenon that is observed
00:50:18
management practices erosion
00:50:21
responsibility, that is, controllers for
00:50:24
indicators 5x us questions we are great
00:50:26
calculate the indicator and look at everything we have
00:50:29
okay and the people you are
00:50:31
control by indicator if found
00:50:33
way to outwit Gretchen guys us
00:50:36
bribes are also smooth, we have everything too
00:50:38
ok look but this is a known topic
00:50:41
when you remove inspectors for defects and in
00:50:43
As a result, marriage becomes no less than borscht
00:50:45
because the worker believes that if you
00:50:47
the controller didn’t catch it back then demand
00:50:50
inspector for marriage they are from a worker and
00:50:52
the marriage inspector says it couldn't and
00:50:54
catch everything with not standing behind it later
00:50:56
from scratch in fact in the end the situation
00:50:58
worsens and it seems like no one is in it
00:51:01
nemenova therefore, paradoxically, the company
00:51:03
with a huge number of economists
00:51:06
inspection controllers, the situation may
00:51:09
be more disgusting because you're alone
00:51:11
Part
00:51:12
performers plays the game let's
00:51:14
let's deceive the controllers and the second part
00:51:16
Lord, there are no such techniques
00:51:18
which you allowed to control these
00:51:21
in the end you don’t have any smart bastards
00:51:23
it turns out nothing better it turns out like this
00:51:25
a kind of competition between departments
00:51:30
food for thought before we
00:51:33
let's go if you're thinking about
00:51:36
so what exactly should we do?
00:51:41
here's a few five points for you
00:51:44
just to think about it first, but first
00:51:47
to manage your own business
00:51:49
naturally we are interested
00:51:51
anticipation of negative situations
00:51:53
instead of killed this achievement the second exists
00:51:57
moments that you generally are
00:51:59
will never discover financial
00:52:01
reporting even if it looks great on you
00:52:04
at what moments there is only a lot
00:52:06
people with a lack of imagination or experience
00:52:09
don't know about them for example
00:52:11
Let's say you had a large workshop and
00:52:14
previously equipment was required for it
00:52:18
installation of 10 thousand square meters
00:52:20
therefore the area of ​​your workshop
00:52:22
there were 10 thousand square meters where
00:52:24
old equipment was mounted
00:52:27
there has been a certain obsolescence
00:52:31
equipment you got money and you
00:52:33
decided to completely upgrade this business
00:52:35
take out, in fact, everything old
00:52:38
purchase all new turnover and wefts
00:52:40
it turned out that the new equipment
00:52:43
due to the fact that it is more fashionable and
00:52:45
modern and compact and better
00:52:47
it no longer requires 5 for installation
00:52:51
not 10,000 meters when but only 5 that is
00:52:54
it turns out you are in a huge old
00:52:57
half of the premises will be
00:52:59
empty actually the company gets
00:53:04
this asset in itself as a gift is 5000
00:53:06
empty space saved
00:53:10
Of course, these assets were previously managed
00:53:13
the workshops will be used
00:53:14
but of course in different ways either there
00:53:17
he will just pile up some waste
00:53:19
or they will set up a nightclub or hotel
00:53:22
yes, anything up to sublease
00:53:24
but respected in his financial
00:53:27
you have never reported these in your life
00:53:30
5,000 empty square meters appeared
00:53:34
meters if you stupidly think that everything
00:53:37
friendly financial statements you never
00:53:38
you won't find even a trace of it therefore
00:53:41
a huge number of stories related to
00:53:45
fraud with deception cannot be
00:53:47
revealed
00:53:48
financial services with everything to them
00:53:50
respect and love respect for that simple
00:53:52
reason that it may simply not
00:53:54
reflected in the financial statements
00:53:55
by default and believe me there are examples of such
00:53:58
a huge number just think about it
00:54:00
about this 3 separate numbers never
00:54:05
make sense it just comes back to
00:54:08
strange wording actually
00:54:11
title of our meeting although the answer is poison in
00:54:14
at the end of our communication he was certain
00:54:18
they'll like the software, I'll explain it to you
00:54:21
what are we talking about but let's take it
00:54:24
the simplest example you have
00:54:27
to the store this is the revenue indicator
00:54:31
then the line matters to you
00:54:33
further has
00:54:34
but apart from all other numbers this is nonsense
00:54:37
gray mare
00:54:38
let's say revenue increased, of course
00:54:40
will be interested in what you actually
00:54:42
talking about the gift
00:54:43
you will be interested in the indicators
00:54:46
traffic to your store you will
00:54:49
be interested in comparison with attendance
00:54:51
your competitors' stores will be
00:54:54
interest you sold more marginal goods
00:54:57
or you will have less margin
00:54:59
interest
00:55:00
did you have a full display, that is
00:55:02
let's say if you find shortcomings in
00:55:05
sales of some product are possible
00:55:09
reasons and no sales to you stopped
00:55:11
walk at all or maybe you don’t at all
00:55:13
purchased
00:55:14
instead of selling you for a month
00:55:16
only sold for half a month, you were let down
00:55:18
suppliers or some bad person in
00:55:21
the store just started posting about
00:55:24
somehow differently why am I saying that
00:55:27
any number that characterizes
00:55:30
activity and real activity for
00:55:32
she never makes any decisions
00:55:35
don't stand alone you need a huge
00:55:37
the number of all others throughout this
00:55:40
information
00:55:41
analyze parallel populations
00:55:43
revenue profit and profitability well not
00:55:47
has no
00:55:48
it has meaningful meaning to take
00:55:51
solutions to show off for
00:55:54
outsiders
00:55:55
and for decision making therefore in general
00:55:58
how to rejoice at individual numbers
00:56:00
some kind of stupidity the same thing completely
00:56:02
applies
00:56:03
the average bill is something to show yourself
00:56:06
in itself it can be adequate if
00:56:08
the indicators really carry you
00:56:10
the buyer really comes down to
00:56:11
then let the average one use it
00:56:14
if you have several
00:56:15
customer segments that behave
00:56:17
completely different
00:56:18
then you don’t have an average buyer, why are you
00:56:22
think you're stupid absolutely fourth
00:56:25
the fourth point means respected in general
00:56:28
speaking if we consider the situation
00:56:30
running your own company
00:56:33
we need to manage and control
00:56:35
it always depends on
00:56:40
how things have gotten worse for us
00:56:42
it's impossible for you to escape control, yes it is
00:56:46
you can do not cured but us
00:56:49
interested in the people who are there
00:56:51
constantly
00:56:52
and these people must react, look
00:56:55
point one as quickly as possible clearly and
00:56:57
so on therefore when im financial
00:57:00
or analytical reporting
00:57:02
perceived in this way
00:57:04
if the indicators have worsened then
00:57:07
management team receives
00:57:09
gouged by the elder and then begins
00:57:12
get excited and do something guys
00:57:15
work therefore we are interested
00:57:17
constant control instead of reaction
00:57:20
and there’s actually a mountain of excitement for those who are there
00:57:23
is on the front line must manage
00:57:26
regardless of indicators
00:57:28
they should be excited much earlier and
00:57:31
5
00:57:32
food for thought for mothers only
00:57:36
they they have no financial balance at all
00:57:39
I'll explain some meaning
00:57:40
Well, do you know what a cash balance is?
00:57:44
it is clear that any assets any property
00:57:46
can be reduced to cost but it's the same
00:57:49
sheer stupidity, imagine but how
00:57:52
you can come to terms with the situation seal they say
00:57:55
goods in your store there on
00:57:57
a certain amount of you will be here
00:57:58
interested in what products for what price
00:58:01
price they were purchased and so on and
00:58:03
that's why we lose our balance
00:58:05
which tells what is stored in
00:58:08
how many
00:58:09
what is purchased at what price is it needed
00:58:11
these things it might make sense to
00:58:14
management control and purely
00:58:17
financial indicators of goods worth
00:58:19
or turnover in the amount of, well, [ __ ]
00:58:22
mares therefore manage anything by
00:58:24
cash balance, generally speaking
00:58:27
impossible I agree that everything
00:58:30
can be reduced to a cash balance in the end
00:58:32
everything will work out but it will be too much
00:58:35
cumulatively strange indicator which
00:58:37
for making management decisions
00:58:39
completely unsuitable therefore
00:58:41
material balance
00:58:43
makes sense and the cash balance is only
00:58:45
What pleases financiers of diplomas?
00:58:49
let's think further
00:58:52
in fact science is not normal science
00:58:56
economic it always works with
00:58:59
models that are called ideally necessary
00:59:02
there is no need to be afraid of this; there is no need to speculate on
00:59:05
nothing is perfect and
00:59:07
so on the point is that if the ideal
00:59:10
formulated correctly then to it above
00:59:12
strive and if he pretends to
00:59:15
unrealistic it is quite achievable but
00:59:18
for example you if you went to
00:59:19
know any sport coach
00:59:22
is trying to teach you how to perform something or
00:59:24
other element
00:59:25
eat maybe you don’t always have it
00:59:27
it turns out to rush to do so
00:59:29
this is the only way to progress
00:59:31
do not improve yourself as is customary in
00:59:33
economic science compared to the pros
00:59:35
let's dream towards the ideal
00:59:37
and so any action is a decision in terms of
00:59:40
managing your own business
00:59:43
must contain the following paragraph first
00:59:46
we will make decisions based on
00:59:50
management accounting together any
00:59:53
a set of some indicators only
00:59:55
set of all reports
00:59:58
management reporting
00:59:59
the totality of all management
01:00:01
reporting will give you the necessary
01:00:04
food for thought for adoption
01:00:06
management decisions
01:00:08
part of management reporting topics
01:00:10
more than part of some set of indicators
01:00:12
and this information cannot be given in
01:00:15
principle therefore management accounting
01:00:18
are used as a basis for adoption
01:00:20
solutions instead of a set of any indicator
01:00:23
smart stupid so far second
01:00:25
management accounting is not some kind of
01:00:28
cartoon
01:00:30
how financial accounting is so in-depth with
01:00:33
gadgets nothing for dota problems chesky
01:00:36
accounting is built must be built on
01:00:39
observing a real case
01:00:41
returning to the example of construction
01:00:43
company if I want work
01:00:46
carried out in accordance with
01:00:48
the regulations are correct I must follow
01:00:50
for these works themselves I can
01:00:53
I can put cameras there
01:00:55
controllers are alive, the main thing is that they don’t
01:00:57
slept behind any process for which you
01:01:00
control
01:01:01
it is always controlled by control
01:01:03
points of which have a limited number
01:01:06
which matters so
01:01:08
actually literate
01:01:09
management accounting has nothing
01:01:11
in common with financial certificates or rather
01:01:13
only with this it is built according to the system
01:01:16
clear recording of what is happening in these
01:01:19
the most control points, ideally when
01:01:23
you have the technology to do this
01:01:25
as follows your performers
01:01:27
must have checklists I won't
01:01:29
check the box that I did it like this
01:01:32
management reporting on the topic of how
01:01:35
was performed work always generalization
01:01:37
these same checklists
01:01:39
and the people who are older
01:01:42
directly objects points of unity
01:01:44
are responsible for ensuring that these checklists are theirs
01:01:47
filling corresponded
01:01:48
in reality the hooves were not just
01:01:50
checkboxes are ticked so that the work is completed
01:01:52
fulfilled we can always attach
01:01:54
We live in the 21st century, photos, videos, other
01:01:57
other things we need to do
01:02:00
do it anyway, but for example when
01:02:03
pouring the foundation slab of one of the
01:02:06
these stadiums are ours for the World Cup
01:02:10
experts know that the foundation slab
01:02:12
clearly it's big, it's always flooded but
01:02:14
called in one sitting
01:02:16
that is, it is impossible for me to fill in parts
01:02:18
it should be solid so that
01:02:20
the concrete has thickened it's supposed to
01:02:24
shake there are such installations
01:02:27
experts forgive me for being free
01:02:29
jargon that should provide this
01:02:31
trembling these installations in the right quantity
01:02:33
were actually delivered by the contractor
01:02:36
but only with the help of installed cameras
01:02:38
to monitor work was identified
01:02:42
which one in my opinion 6
01:02:44
installations worked only the door in
01:02:47
as a result, the foundation slab when pouring
01:02:49
cracked and had to be pumped out
01:02:52
re-upload but I say again
01:02:55
formally all these things were done
01:02:57
trembling ki imported
01:02:58
as if everything is connected there, but if
01:03:01
you haven't actually seen this process
01:03:04
found a way to control you
01:03:05
never found out the actual reasons
01:03:07
speaking of this catastrophe which
01:03:10
happened
01:03:11
moreover, you saw further we strive
01:03:14
after all, transparent reporting is not ideal
01:03:16
we strive for something more than just
01:03:18
fix and stop deviation
01:03:20
stop them as soon as possible and
01:03:23
it’s more effective to be glad that I’m in
01:03:26
in my reporting I do not find the reasons for the marriage
01:03:29
Generally speaking, our task is not
01:03:30
allow this marriage to continue if
01:03:35
the business model you will use
01:03:37
work
01:03:38
becomes outdated because often people who
01:03:41
argue with this approach
01:03:43
they say you know nothing lasts forever
01:03:46
any modern business model
01:03:48
older quite right when she
01:03:50
If this model becomes obsolete then this model will be needed
01:03:52
update and then fix it again but in any way
01:03:55
case you work every time with
01:03:57
defined by a fixed model in
01:03:59
Every moment in time doesn't matter
01:04:01
set of indicators your model
01:04:04
you can always follow correctly
01:04:07
only for model when remote
01:04:10
management what else can I say first
01:04:13
you need modern technology that's all
01:04:16
perfectly allow you to control
01:04:18
we don't consider them to be shields
01:04:21
control how your remote
01:04:23
branches manage them
01:04:26
that is, now remote control
01:04:29
settlement accounts by all parties can be
01:04:31
without any problems without any delays
01:04:33
according to time but if you manage consider
01:04:36
do you have money if your branch itself
01:04:39
manages shields and then reports
01:04:41
you will never have money so
01:04:43
generally speaking, real control is not
01:04:47
must be reduced to control after the fact so that
01:04:50
was not written in semi-lunar textbooks
01:04:52
further on management
01:04:55
competent companies in general
01:04:57
financial resources are concentrated in
01:05:00
one point I don’t know the parent company
01:05:03
so on why if your branches will
01:05:06
have your own budget and where there
01:05:08
located you just won't raise money in
01:05:10
the center is to know all the practices that is
01:05:13
formally there are always some
01:05:15
leftovers but once you try
01:05:17
collect them all over the world damn you
01:05:19
you'll find a million reasons why
01:05:21
they won't get to you quickly
01:05:23
they will spend it on something and so on
01:05:26
I say it again if you are in control
01:05:29
forced to manage there remotely
01:05:32
is used by branches for something else
01:05:35
concentration of all funds in the center as
01:05:37
axiom and of course we will always be
01:05:40
control all reporting and not a set
01:05:41
indicators why then what indicators
01:05:44
easy to fake so I'll admit it
01:05:47
even if they conduct everything locally
01:05:49
reporting let's say this is a remote store and they have
01:05:52
there are all these operations going on I will
01:05:55
control and pump out the database for all
01:05:57
operations and if I like to tinker with them
01:05:59
reporting, I will count everything there myself
01:06:01
what do I need there other other other
01:06:03
now all these techniques and technologies
01:06:05
they allow you to do this perfectly, therefore
01:06:08
there is not the slightest reasonable basis for
01:06:10
except for laziness and control
01:06:14
just in terms of the pair they are
01:06:16
activities everything that was given to you and I dream
01:06:22
I dream that we would like it
01:06:25
firstly we would like one hundred percent
01:06:28
observations of fixing what
01:06:29
happens keep everything in mind
01:06:31
management literature very quickly
01:06:34
becomes obsolete
01:06:35
here are numerous books on controlling
01:06:37
according to others, they were written before
01:06:40
Second World War
01:06:41
publishers so as not to lose the berth
01:06:43
readers they try not to write what’s there
01:06:47
books there knorring there I model them
01:06:50
there's a lot to count, but check when
01:06:55
these books were first written so you
01:06:57
must understand what is acceptable in some
01:06:59
forties fifties sixties
01:07:01
then, in principle, continuous observation of that
01:07:05
what's going on was very up
01:07:07
robby is not feasible therefore control is on
01:07:10
at least the level of indicators was forced
01:07:12
and measures now excuse me you are easy
01:07:15
can cost a penny to control
01:07:17
in general the whole array of what is happening
01:07:19
but let’s say if you have a call center you
01:07:22
you can have a linear record of all
01:07:24
conversation is always better than
01:07:27
control by some show it
01:07:30
doesn't mean you'll disappear into
01:07:32
audition but it means that you have
01:07:33
any moment in time
01:07:35
there will be an opportunity to raise information
01:07:38
scroll to what is and is not some
01:07:40
indicators and real events, how they are
01:07:43
happened at your service video audio
01:07:46
fixation and everything everything everything else
01:07:48
now this opportunity is often worth it
01:07:50
kopecks therefore in relation to all that
01:07:52
what is important is that we apply modern
01:07:54
technical means do not reduce everything to
01:07:56
financial indicators further than second
01:07:59
moment in our work area is a must
01:08:02
must be older for what for
01:08:06
seniors should not minimize deviations
01:08:10
be on the staff list
01:08:11
technologist where not in his quarters
01:08:14
technologists where he meditates
01:08:15
the technologist's place at work is where
01:08:18
there is a process of technology deviation
01:08:21
should watch not the strange workers but himself
01:08:24
technologist and he will only monitor that
01:08:26
In the case of the medical office, it is present like this
01:08:28
that is, the elders must be in the zone
01:08:31
work as the Japanese say game vaginas would
01:08:34
this is where it actually happens
01:08:35
work is his place and the only one
01:08:39
place and he is there for the wrong reason
01:08:41
to analyze reporting and for
01:08:43
in order to stop the slightest deviation
01:08:45
that is, I am not the one who gathers the elders as the head
01:08:49
I then tell the company here
01:08:51
we have problems with marriage, well damn it’s not
01:08:54
way of working the senior foreman himself or
01:08:57
simpler better than me it should be great
01:09:00
know and not wait for any indicators
01:09:03
bonuses and other things he owes himself
01:09:06
excited but due to the fact that he is in
01:09:08
this place and knows how to do it right
01:09:10
work further control is in progress
01:09:12
constantly not only in case of deviation already
01:09:14
caught and
01:09:16
we need to do more by the way why
01:09:18
real practice you business sometimes
01:09:20
it infuriates the financier when they come and
01:09:23
they say damn you have problems there
01:09:25
Don great, that means there are already problems there
01:09:27
we need to decide whether to continue filming
01:09:30
the emergence of a new new phenomenon
01:09:32
which marriage is there
01:09:34
anything else arises then we are not
01:09:37
they have a problem, there are signs of
01:09:40
which can be used to identify
01:09:41
we develop templates and develop
01:09:44
signs to identify this problem
01:09:46
earlier and reactions reactions cola
01:09:48
the entire team and the seniors who
01:09:50
are at the work site, I say again
01:09:52
no one has to wait
01:09:55
that the reporting control system then
01:09:58
informs you that you have problems with
01:10:00
marriage, damn it, they didn’t know that you
01:10:01
problems ideally the system for any
01:10:05
signs of helping the people working there
01:10:07
turn on this alarm then
01:10:09
there may be ashes please pay attention
01:10:12
attention, well, the Japanese are a lot over that
01:10:14
write the next point in principle
01:10:17
important analysis indicators information this
01:10:21
he pleases only moronic investors he
01:10:23
only pleases financiers, I mean really
01:10:27
need to sort out the case of marriage
01:10:29
marriage rates therefore when
01:10:32
sir
01:10:33
business receives vile claims
01:10:36
let's say from customers to their customers
01:10:39
he never writes these comments
01:10:41
he never waits for any indicator
01:10:43
forwards
01:10:44
These letters seem to him to be responsible
01:10:46
for this to people and does not write anything about himself
01:10:48
he just writes big red!
01:10:51
that is, pay attention to it
01:10:53
I wonder how often this happens?
01:10:55
other
01:10:56
glaring or a problem that is worth
01:10:59
that means it requires disassembling each one
01:11:01
case they are indicators every case
01:11:05
flying into every marriage case
01:11:06
they dressed to show if you are an aviation
01:11:09
industry worked according to the indicator
01:11:12
I could say that there are complaints against us in general
01:11:13
must be presented to us according to indicators
01:11:16
reliability of air transportation
01:11:18
we are significantly ahead of both maritime and
01:11:20
land fiesta no transport go
01:11:23
forest but they don't do that
01:11:25
specialists analyze the case of each
01:11:27
disaster therefore gentlemen and
01:11:29
it is very important to analyze specific cases
01:11:32
they are indicators indicators
01:11:34
only makes a strange person happy
01:11:37
economic education
01:11:38
further further along the script postscript
01:11:44
means I understand that the information that
01:11:46
didn't sound enough for enough
01:11:49
unfortunately you will have to
01:11:51
smart people learn, it makes stupid people happy
01:11:53
frustrating but still about how
01:11:55
These are all the problems that I solved for you
01:11:57
I said now I’ll wrap it up as they were solved
01:12:00
companies are alive
01:12:02
mostly not ours because
01:12:04
unfortunately an excellent company to say the least
01:12:06
they are ahead of no one in resolving issues
01:12:08
and respect for them is essential
01:12:10
are lagging behind what are the best
01:12:13
world practices on this topic as far as
01:12:15
our competence we are honest about everything
01:12:17
we'll tell you at the seminar and ending our
01:12:22
this monologue of yours and moving on to
01:12:24
answers to questions I will allow myself this
01:12:30
warrior answer personal point of view means
01:12:35
that's when they don't ask the US what
01:12:37
actually this is all to say
01:12:38
about the most important indicator
01:12:41
which characterizes business, well here it is
01:12:45
I'll take the liberty
01:12:46
I claim that I am always used to it first
01:12:50
deal and pay attention to the first
01:12:53
face of the company
01:12:54
what what is this man like?
01:12:57
represents the most important indicator
01:12:59
so for me personally this is an indicator
01:13:02
business is a professional level
01:13:03
top officials of the company that something
01:13:09
First of all, this is of course
01:13:10
mental abilities I mean
01:13:13
normal intelligence not emotional
01:13:16
intelligence mental abilities what
01:13:19
allow the company's chief executive to do and
01:13:22
know first if a person has everything in
01:13:25
his mental faculties are fine
01:13:27
understand that any managerial
01:13:28
methods for any technical solution
01:13:31
any method of control is what
01:13:34
called the ceiling reaching that is
01:13:36
there are no methods that are unique and work
01:13:40
all the time all my life nothing like it
01:13:43
up to a certain level of complexity of tasks
01:13:45
they cope but any managerial
01:13:48
approach it has a ceiling of achievement if
01:13:52
the system approach worked great before
01:13:54
but the ceiling has crossed the ceiling of achievements up to
01:13:57
you will have to change the basic solution
01:13:59
an intelligent person does not understand himself
01:14:02
get through to the stupid one, on the contrary
01:14:04
believes that what worked before
01:14:06
ok should continue to work and
01:14:09
further it’s good that it doesn’t change
01:14:11
then actually change
01:14:14
see the diagram of the sign that is when old
01:14:17
the methods helped and you relied on them
01:14:21
the sign was a plus when the same methods
01:14:24
stop working and they start
01:14:27
work at a loss
01:14:28
for example delegation of authority
01:14:29
forced measures at the very start of business
01:14:32
and then it will end because you
01:14:35
fix will not develop further
01:14:37
this is what a smart person can see
01:14:40
it's not given to a fool
01:14:41
Another point a smart person understands
01:14:45
delayed consequences for anyone
01:14:48
actions are positive and
01:14:50
negative delayed consequences
01:14:53
this is an automatic smart visit
01:14:55
person according to him, it’s nice
01:14:57
and easy to work the second requirement is
01:15:00
living deep interest in this is important
01:15:03
smart person
01:15:04
the thing is that if a person is just like that
01:15:06
very smart but he is a dreamer and philosopher there
01:15:09
everything else shows no interest in that
01:15:12
what is important for his business but how
01:15:15
they say we have problems in Houston
01:15:17
problems means a person must
01:15:19
really be interested in
01:15:22
the business that he created which
01:15:24
controls easier box very smart
01:15:26
well read, wonderful philosophers reads
01:15:29
works of Sun Tzu but unfortunately follow
01:15:32
own business and just carrying it
01:15:33
I'm interested in giving, but it won't work either
01:15:36
Well, the last one and this is the very first one
01:15:39
the little man must understand perfectly well
01:15:42
most of them understand that
01:15:44
the only way to do anything
01:15:46
unfortunately learn and understand this personally
01:15:48
participate but we have all these
01:15:51
jumpers of lovers of Chinese wisdom
01:15:54
but remember Confucius said what they do
01:15:56
Mike yes, that is, you can understand that if not
01:15:59
I mean I don’t understand, I can come
01:16:02
to the face, well, they have personal participation
01:16:04
only delegation of supervision she to
01:16:07
sorry for the accuracy of this understanding
01:16:09
this desire to do it again
01:16:11
personal participation is not to do
01:16:13
all for their own subordinates all
01:16:15
It’s impossible to do something purely personal
01:16:17
do but in order to figure it out
01:16:19
this is also the third condition which
01:16:21
it is necessary to fulfill all
01:16:23
three designated in excellent and creed
01:16:25
so we lived as observed with this matter
01:16:30
everything will be fine but I'm not watching
01:16:34
then nothing good will happen if
01:16:37
now I will be allowed to reduce everything to
01:16:39
one such non-financial indicators in
01:16:42
In terms of management, this is what I would do
01:16:44
more often there are such people
01:16:46
unfortunately there are always fewer of them than
01:16:48
I would like this to be my monologue
01:16:53
I'll stop now and go to the by tab
01:16:58
I'll try to answer questions in the remaining time
01:17:01
to answer like this means but you have to scroll here
01:17:09
I see number three people
01:17:12
you took the risk of writing something, thank you very much
01:17:15
but what questions
01:17:16
So here tell me Ekaterina writes
01:17:20
tell us where to find a deeper one
01:17:23
information on this topic of the training book
01:17:26
about training I said you are welcome
01:17:29
you can find our school either by my last name
01:17:32
functions Alexander or to school owners
01:17:35
company means unfortunately books on
01:17:39
no, they don’t write this topic on purpose
01:17:41
to earn more means books
01:17:44
no really no it's true that's it
01:17:49
such a question there is another question from
01:17:52
them look for an element of dixie guilt for something
01:17:59
There are no two questions missing
01:18:01
cases, everyone liked it or didn’t
01:18:03
I liked it, I have three others and not
01:18:05
we'll come up with ideas
01:18:07
I'm talking about the film until maybe and we still
01:18:13
cut off but something appeared and here
01:18:21
the administrator hardly showed up
01:18:24
shareholders will be interested in how
01:18:27
flooded the stove
01:18:29
this is a management issue for the manager
01:18:32
trickles, but you know I’m not the first with you
01:18:37
I agree, talented, smart shareholders
01:18:40
read Buffett's will, they have to
01:18:42
unfortunately there are too many people to be interested in
01:18:44
Moreover, this fairy tale is for idiots
01:18:48
who say that shareholders
01:18:50
a person who doesn't care about anything
01:18:52
except dividends if you're that kind
01:18:54
shareholder and out of respect early or
01:18:57
late you will stop receiving dividends
01:19:00
that means the second moment is of course a degree
01:19:03
she has interest in her own business
01:19:06
everyone is different you have the right not
01:19:09
don't be interested in children other than your own
01:19:10
by their own wives not their own
01:19:12
business but then you shouldn’t wonder why everything
01:19:16
will happen for you
01:19:17
unexpectedly from surprise there will be no
01:19:20
just nice nevertheless and of course
01:19:22
about eliminating the correspondent needed by the general
01:19:24
director and other company managers
01:19:26
in fact, naturally he
01:19:28
needed but believe me they are competent
01:19:32
shareholders are the owner of the company I have
01:19:35
in view of holders of key packages are interested
01:19:38
with everything they can, more corrosive and
01:19:41
so on until creation
01:19:42
parallel security services of all
01:19:45
other other
01:19:46
so if you ever
01:19:48
own your own business
01:19:50
please interested in managerial
01:19:52
taking into account not only with the help of those you hired
01:19:55
to manage people but also themselves personally
01:19:58
daughter, you will live at least much longer
01:20:01
submissions
01:20:05
good luck with questions if they appear
01:20:08
answer here Saladin appeared
01:20:15
thank you I run the company well
01:20:18
technical education understanding
01:20:19
enough financial preparation that you can
01:20:22
recommend
01:20:25
education courses books and so on
01:20:28
Means
01:20:29
but I won't be modest actually
01:20:32
The webinar is on for advertising
01:20:35
our courses yes we naturally
01:20:37
we recommend this one and what about
01:20:40
education, well, first of all, all the textbooks on
01:20:43
financially they are available, you can calmly
01:20:45
you can read another thing what to
01:20:48
unfortunately in financial textbooks
01:20:52
management there's still nothing there
01:20:56
is not a figure of speech I to
01:20:59
Unfortunately, I’m just stating a fact here
01:21:02
you can even look at the content there
01:21:04
nothing but strange advice for so
01:21:06
called financial directors
01:21:08
This is actually how to manage money
01:21:10
companies how to avoid making mistakes
01:21:13
what and how controls how to accept
01:21:14
there is no solution at all
01:21:16
information there are very strange hostages
01:21:19
so is it worth getting a special
01:21:22
education
01:21:23
Well, first of all, I share your fetishes as
01:21:25
techie, it so happened that we
01:21:27
forced two education first basic
01:21:31
technical training then normal
01:21:34
economic training I'm nothing
01:21:37
found something supernatural either
01:21:40
extremely useful within the framework of beauty
01:21:42
economic education she is just
01:21:44
Not all textbooks are known enough
01:21:47
please read them, read them as much as possible
01:21:48
unfortunately more specifically on the topic
01:21:51
finances cannot be commanded at all
01:21:54
one full-fledged explanatory book is
01:21:57
there are actually a lot of good books on
01:21:59
there are a lot of good management there
01:22:02
marketing advertising there are good days
01:22:05
but I can’t read a single book on finance
01:22:09
name at all because in my opinion
01:22:11
it's strange but
01:22:12
dreams are textbooks for strange people there even
01:22:15
by name it is no longer known
01:22:22
contributed an article
01:22:23
yes, but here all the questions are about recording if
01:22:26
what to read on the topic answered similar
01:22:31
The question is how to carry out the analysis correctly
01:22:32
companies what stages are very common
01:22:34
employees are lying about their ears and
01:22:36
an outside specialist could really
01:22:38
say what's going on as
01:22:40
looking from the outside means I’m giving an answer
01:22:44
So first of all, well, don’t offend for the sake of it
01:22:48
God first of all you should know your business
01:22:51
not during analysis but during observation of
01:22:55
him if your business is big or you
01:22:58
prefer to watch him constantly
01:23:01
but with the help of other people it is always
01:23:04
these other people have the information
01:23:07
for example then how they serve your
01:23:10
restaurant but you need to watch
01:23:13
being located either personally or with the help
01:23:16
hired deputies
01:23:18
but it's too late to correct the situation with
01:23:21
service when you get angry
01:23:23
appeal from your clients or already
01:23:26
will really start to fall fatally
01:23:28
revenue therefore the first question is not
01:23:32
how to conduct analysis correctly
01:23:34
analysis is splitting this means me
01:23:36
for some reason I don't watch
01:23:38
I'll just look why it's necessary on my
01:23:41
look, if this is your business, be sure
01:23:44
follow him directly
01:23:47
analysis without analysis further for a very hour employees
01:23:50
They're telling you off, of course they're not telling you
01:23:53
noodles if you discuss this with employees they
01:23:57
they always do this but I'm watching
01:23:59
how they do things and I don't need
01:24:01
communicate so that they tell me noodles then
01:24:04
is if if I control I see that
01:24:06
the cook in the kitchen doesn't cook well
01:24:09
then I don't ask the cook why he
01:24:11
cooking is actually pointless
01:24:13
audio is always a reason I at least
01:24:15
should correct this situation as much as possible
01:24:17
remove the cook, retrain, replace
01:24:20
him and so on therefore employees
01:24:22
really not often but always will be
01:24:25
hang around but I have a question if you
01:24:27
lazy person and bored
01:24:29
if you are an extrovert and need to communicate
01:24:30
with everyone and generally speaking I myself
01:24:34
trainer
01:24:35
he doesn’t ask football players anyway
01:24:37
I play poorly, he watches them play and
01:24:40
then don't ask him from the video recording
01:24:42
their opinions
01:24:43
of course if he asks the players
01:24:46
to hang the robot on the surface
01:24:47
noodles
01:24:48
this is their task, but it’s up to us
01:24:51
a [ __ ] coach to generally speaking
01:24:53
this topic is generally for listening to a football player
01:24:55
diligent specialist but you really
01:24:57
tell what's going on how to deal with
01:24:59
sides perfect faith third parties
01:25:01
specialists may not pursue
01:25:03
no internal opportunistic
01:25:06
considerations
01:25:07
from the series, fire Sidorov, put me on
01:25:09
instead of Sidorov but third-party specialist
01:25:12
at the same time they always have their own
01:25:14
interests on the topic everything is good or bad
01:25:17
study bankruptcies of any companies
01:25:20
auditor Arthur Anderson then were
01:25:23
forced to cover all the wonders of the euro for
01:25:27
that later they also received responsibility
01:25:29
and they had to rethink their company
01:25:31
these are the same side specialists who
01:25:33
should have really said that
01:25:36
everything is fine so these are the auditors and
01:25:38
third party consultants will tell you what
01:25:40
use of outside labor
01:25:42
observers
01:25:43
the best way to control something
01:25:45
In general, lying is the best way to use it
01:25:49
labor of unbiased observers
01:25:51
which are subject only to you which are not
01:25:54
have their own managerial ambitions and so
01:25:58
further and so on this is just that
01:26:00
the most incorrect way to formulate the question is
01:26:02
which cannot be answered correctly when
01:26:05
at the same time, outsiders also evaluate
01:26:08
takes place but you must understand that
01:26:09
anyone involved personally knows what
01:26:13
aside, so-called people are either not
01:26:15
trying not to say anything bad at all
01:26:18
there are people like, well, observers with
01:26:22
sides that are no good
01:26:24
they will say in general therefore there is no need to whitewash
01:26:27
they only have outside observers
01:26:28
one thing but when probably the merit is what they are
01:26:33
are not engaged in terms of internal
01:26:35
political squabbles in all other
01:26:37
cases they
01:26:38
can be much dumber than people
01:26:40
which are boiling below therefore but if
01:26:43
I want to listen to the opinions of strangers
01:26:46
first glance, listen to opinion
01:26:48
outside observers, not auditors, but
01:26:50
clients because they bring you money
01:26:53
and the opinions of some clients
01:26:55
they say that they will get you next
01:26:57
discount but real solutions need to be looked at
01:27:00
how they behave where they buy except and
01:27:03
so on and so forth but more is needed
01:27:07
focus directly on
01:27:08
observation of the case to participate in it
01:27:10
in fact
01:27:11
further to carry out observation
01:27:14
boards need to develop markers
01:27:16
cases indicators by which you recognize
01:27:19
it's bad it's ok that is necessary
01:27:22
can expand the set of smart indicators
01:27:24
non-numeric descriptive cases to
01:27:26
understand the solution Valery asks a question
01:27:30
Valery everything is wonderful but only you
01:27:33
again in your question you are
01:27:36
continuer of the intended path and I will be
01:27:38
look at the indicators here I am just
01:27:41
I'll tell you one example, a dumb example
01:27:46
he told the listeners it's family
01:27:49
a couple they have a business they don’t name
01:27:52
just because they are not authorized
01:27:54
call me people beautiful good
01:27:56
in short, their business is that
01:27:58
they produce plastic products from them
01:28:02
there is such a semantic indicator class
01:28:04
each of these solar machines should
01:28:06
work and so they carried out
01:28:10
certain time in the company of the owner
01:28:13
companies in Austria similar to this
01:28:16
he has a job built, he has cameras
01:28:20
in the workshop there is a regime if desired
01:28:24
through but in people he finds himself
01:28:27
debt, his process is quite streamlined
01:28:29
works and naturally he is interested
01:28:32
is that each of these layers is automatic
01:28:34
worked what is called continuously
01:28:36
It’s clear that he’s not sitting on the shop floor, it’s clear
01:28:40
that he doesn't sit in front of the birds' cameras
01:28:43
but what is the diagram as soon as one of the layers
01:28:45
machine that should be working at this time
01:28:48
moment of time suddenly
01:28:49
she pours in and starts flashing
01:28:51
red light it fits the monitor
01:28:54
which is not in the house starts
01:28:55
switch radically again I say neither
01:28:58
who does not contact anyone does not arrange
01:29:00
handed out a coupon, he just sees this thing
01:29:02
no further possible in this situation
01:29:05
intervenes if you have to intervene
01:29:07
still find out Tyson automatically
01:29:09
sees people running or doing something
01:29:12
did this machine start with what
01:29:15
started up at speed what was the reason
01:29:17
maybe he asks for something live, so
01:29:20
point out that the case is an observation
01:29:22
no don't try that's how much it is
01:29:25
maybe don't try to reduce the matter to
01:29:29
show you always a certain set
01:29:32
allow this or that
01:29:34
error trying to build a way
01:29:37
observing the case directly and already
01:29:40
then in its analytical metastases
01:29:42
you can see how much per month
01:29:45
once I stopped one or another
01:29:46
automatic how fast we did it how
01:29:49
statistics change where we are moving but
01:29:52
it will warm your analytical soul
01:29:54
instead try to observe
01:29:57
do not directly reduce any matter
01:30:01
this is for a certain set of indicators
01:30:05
in general, you need to look at this, for example
01:30:07
there is a military term like this
01:30:10
reconnaissance of the area although headquarters
01:30:13
the employees work very seriously
01:30:16
topographic maps they're all that business
01:30:18
they do but for some reason it is required from
01:30:20
commander of good manners
01:30:23
it is considered just to personally carry out this
01:30:25
the most important terrain reconnaissance
01:30:28
areas why is he doing this it would seem
01:30:31
topographic maps
01:30:32
they were invented to avoid
01:30:34
this situation but there is always something that you
01:30:36
you can't see in these indicators
01:30:38
Therefore, gentlemen, do not reduce your work to
01:30:41
analysis of indicators sooner or later it
01:30:44
can play a cruel joke on you when you
01:30:48
are in place or
01:30:50
in person or through representatives, but precisely
01:30:52
on the spot and get the situation so you
01:30:54
you get much clearer
01:30:56
respond faster, accept information
01:30:59
the right solution indicators hatch
01:31:01
and will change become obsolete will be replaced and so on
01:31:05
on and on and on
01:31:07
markers well question marker when to rest
01:31:11
Pert Valery means the first if you
01:31:16
should take a break from their own business
01:31:19
you have problems on the contrary about pathological
01:31:21
There are no other entrepreneurial problems
01:31:23
maybe it’s Vinyi who wants to distract him but
01:31:25
the answer is very simple as soon as you
01:31:29
you start the business she presents to you
01:31:31
a huge number of negative surprises
01:31:33
and you can't as a newborn
01:31:37
It’s simply not possible to abandon a child
01:31:40
he needs to be fed, his diapers changed there and
01:31:43
so on he himself even sometimes makes a sound
01:31:45
fall for the right reason but if you
01:31:47
develop your business prime and raise your child
01:31:49
I didn't say it's correct to pay attention
01:31:51
what if your child grows up because
01:31:53
if you're like Mowgli, definitely give it up
01:31:56
will grow up half a fool who will also
01:31:58
will burn for itself and you won’t get rid of it
01:32:00
they won't even be able to speak if you
01:32:02
raise this baby correctly
01:32:05
teach and give a voice to the law
01:32:07
serve yourself other then over time
01:32:09
it will become easier for you to do this you must
01:32:11
zerowatt technology is not business
01:32:15
management approach that is not
01:32:16
considered in approaches and babe
01:32:19
management there it all comes down to
01:32:20
delegation if you will delegate
01:32:22
powers you won't succeed early
01:32:25
or later things will start to bring you
01:32:27
the problems are very serious because
01:32:29
the team you delegated
01:32:31
powers will begin to use these
01:32:33
empowerment will begin to put you in your place
01:32:35
will never come to terms with the fact that the power is in
01:32:38
just wait for a while
01:32:40
those same delayed consequences that
01:32:42
smart people understand people don't understand
01:32:45
narrow-minded
01:32:46
so, dear ones, if you care
01:32:49
build correctly then with the flow
01:32:51
over time she will start to piss you off less and less
01:32:56
there will be time for others to rest
01:32:59
start before
01:33:00
almost never comes to rest and
01:33:01
on the contrary, if you have been in business for 10 years so far
01:33:04
It's almost like you can't move away from there
01:33:06
and you can’t rest, but you probably
01:33:08
trains baby to sleep like Mowgli
01:33:10
we need to look for other solutions for us
01:33:13
famous and story
01:33:14
but this is a fundamentally different approach if
01:33:18
you will make a bunch of managers whom you
01:33:20
delegate authority to control
01:33:22
you will hire them
01:33:23
and inside the company from the outside a bunch
01:33:25
you won't be able to become experts and
01:33:28
so on you will sleep for a long time
01:33:30
only to find out later that the business has stopped
01:33:32
work for and the last one you
01:33:34
recommend determining profit for
01:33:37
guides come we'll tell you about
01:33:42
one simple reason guide than
01:33:44
give one definition to different directions
01:33:46
business is impossible in principle with
01:33:48
a collection of definitions that are not described
01:33:51
the corresponding textbooks cannot
01:33:53
We are happy to call you scientific
01:33:54
I'll introduce you in class, I can't give
01:33:57
short question answers to fundamentally
01:34:00
complex questions practice shows people
01:34:03
they are misunderstood and then the carpet q
01:34:06
they are offended by this information
01:34:07
it's like asking what
01:34:09
I should use the remedy so as not to do anything
01:34:11
I see you're sick, I'm happy if I'm not a doctor
01:34:14
I see how your indicators are different
01:34:17
it would be quackery and I advise against
01:34:19
unfortunately we sell for years
01:34:21
definition of which are really
01:34:23
used by private entrepreneurs
01:34:25
in the world there are two basic ones and about everything about these
01:34:28
things we will talk about at the seminar to
01:34:31
Sorry for this difficult question.
01:34:33
It’s impossible to get away with a short answer
01:34:36
I gave him the wrong answers
01:34:38
simple reason that any phrase is said
01:34:41
here I will be misunderstood
01:34:44
will do harm more good so but
01:34:48
us for a while then I have to press
01:34:52
stop broadcasting

Description:

За какими цифрами следить, чтобы понимать, в какую сторону движется компания. Принципиально разные ситуации с управлением и как это сказывается на логике контроля: Активное участие в работе компании или удаленный контроль за ее деятельностью. Бизнес, который ведется в одной отрасли или в разных областях. Бизнес, который финансирует новые разработки под единым флагом или набор отдельных проектов.

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