Undoubtedly, one of the major concerns of entrepreneurs in general is related to how to preserve and protect the assets of their companies. It should be noted that this issue microentrepreneurs, medium entrepreneurs and those already established in the market. This is because equity is the resource that keeps any enterprise open, and is therefore fundamental for the survival and development of the business.
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The success of heritage preservation involves strategies, knowledge and financial maturity. In this sense, we have compiled 5 essential tips to help you protect the company's assets and thus ensure its growth and profitability. But, first of all, understand what exactly it means and how the equity of a company is characterized.
What is the company's equity?
The equity of a company comprises all its assets, rights and obligations. In other words, a company's equity goes beyond just material items, facilities and financial gain, and refers to everything the organization has where there is a chance of generating some profit. For example, a company's assets may include investments, cash, investments, properties, real estate, products, services, among other assets.
Above all, preserving a heritage involves business, legal and tax strategies that can guarantee the safety and integrity of the entrepreneur's assets. First of all, for you to get the most out of this article, it is necessary to keep in mind that the most important attitude of all is to separate personal assets from company assets. From there, check out fundamental tips to establish your permanence in the market and develop profitability without losing in any personal or business sector.
Tip 1: Take out business insurance
Unforeseen events are uncontrollable and they happen, but that doesn't mean you shouldn't “predict” different situations and protect yourself from them. Having access to good business insurance coverage will protect your assets and property in the event of fire, theft, natural disasters and many other situations.
Tip 2: Know your collaborators
Hiring trusted people is of enormous importance within any company. Regardless of the size it has, it is necessary to know its employees to avoid robberies, scams and actions in bad faith. For more established companies in the market, we suggest the use of badges and, in some cases, doors with access only to authorized persons.
Tip 3: Invest in data security
Theft of data and information, especially from the banking universe, can facilitate the theft of a physical product and put a company's assets at risk. This can generate extreme damage through scams and hacker invasions. Invest in data security in your financial and management systems, using firewalls or encryption devices.
Tip 4: Invest in physical security
Access to monitoring, surveillance and alarm cameras can be very useful for the security of a company's assets. You can monitor everything remotely through smartphones, having videotaped any problems that may occur.
Tip 5: Efficient inventory control
Inventory control can be understood as a raw material for the manufacture and commercialization of products or even the finished product. This control must be daily, accounting for the entry and exit of products or raw materials, inputs and services. In addition, inventory balances are observed by the government, through information from the Public Tax Bookkeeping System. (Fiscal SPED), and in case of inconsistency, it is possible that the entrepreneur is accused of evasion, causing damage to the assets of the company.