ANTINAK will complete the construction of the diversion works apart from the tender’s job scope. The work will be done on the loan borrowed from ADB through the multi-tranche finance of the water systems in the small towns of Azerbaijan, is scheduled to begin in December 2011 and will be completed in 18 months.

Franchisees are granted a licence by the franchisor, in return for some kind of payment, but run the enterprises as their own. It all sounds like an ideal way to get into business without having to carry out a lot of preliminary legwork and investigation. Normally, the franchisee is responsible for premises, staff and general operation of the company but a percentage of revenue goes back to the franchisor.

The advantage of running a franchise means that you know you can start a business on an idea which is already normally up and running but which is new to your area. Good franchisors will offer support and training as this benefits the overall brand, and a strong network can be developed with fellow franchisees so that ideas and, even, equipment and resources can be shared.

But there’s a downside because your reputation as a business is reliant on the owner of the franchise and, even if you run your company efficiently and sensibly, there’s no guarantee that all the other franchisees will behave in the same way.

Even the most successful franchise can cost money as you’re not only buying the deal in the first place, you’re also having to pay continuing fees to the franchisor and you have to toe the line in terms or what you can and cannot do. You might even be restricted in where you get your supplies. And, should you decide it’s not for you, selling it again could be difficult.

It might be tempting to hop onto the franchise bandwagon if you want to start up on your own in a deceptively easy way. But it’s certainly worth seeking out alternative methods of going into business.

In common with all areas where there’s a common brand, a bad name spreads quickly. So, if you’re in a display production or sign-making enterprise and a franchisee across the other side of country produces a job which collapses and causes an accident, you can bet your bottom dollar that the entire franchise brand will be remembered.

Franchises have proved they can work. Mini supermarkets and fast-food chains are probably the best known in this sector. Yes, franchises have found their way into the sign and display sector but this method of running a business might not suit everyone.

The best consulting company is the one which dedicates to helping organizations to solve important issues.

The best consulting company is the one which cares the interest of its customer.

The best consulting company is the one which delivers services in professional level and in high quality.

The best consulting company is the one which complies with the regulation of the county it is operating.

The best consulting company is the one which keeps in connection with the work for the client.

The best consulting company is the one which meets customer’s business requirement.

The best consulting company is the one which adheres to business standards and ethics.

More can be said …

There is an interesting saying, “You can’t do today’s job with yesterday’s methods and be in business tomorrow”

What is the difference between Direct and Indirect Taxation?

Direct Taxation is the tax which is collected directly from the individuals who earns an income has to pay this tax examples of direct tax are ( corporation taxes, income taxes etc.)

Indirect taxation is the tax which is collected indirectly these taxes are known as indirect taxation. If you do a business you tend to pay (service tax, sales tax) for your sales. And in other areas we need to pay indirect taxes such as in the products ( Petrol , alcohol and cigarettes) when it comes to vehicles excise duty must be paid for vehicles, road tax etc.

Following are state taxes in Azerbaijan Republic:

• tax on the income of physical persons;
• tax on the profit of legal entities (with the exception of entities and enterprises that are the property of municipalities);
• value added tax;
• excise tax;
• property tax levied from legal persons;
• land use tax levied from legal persons;
• road fund taxes;
• mineral royalty tax;
• simplified tax.

Many companies today do not employ staff accountants, but convey bookkeeping to outsourcing company to deliver the accounting records and documentation and contracts in compliance with all regulations. Accounting outsourcing is very profitable for companies with small turnover. In addition to qualified accounting assistance they receive funds, labor, time saving and proper service.

Why do the head of a small business have to spend time and energy to reporting or seeking a qualified and inexpensive accountant? After all, one can get cost-effective, high quality and efficient accounting support. This service is provided by a lot of organizations today. Therefore, companies do not have problems.

Outsourcing basis – is attracting professionals from the specialized accounting company that will timely restore the accounts, conduct a professional accounting and financial affairs of the enterprise. Organization of bookkeeping may be full or partial. It all depends on the goals and objectives that the enterprise must solve and achieve. And the company is not responsible for the technical and material costs paying only monthly fee for the service, but not taxes, medical fee and leave fee of full-time accountant. Plus, accounting and tax risks are minimized. And bookkeeping and accounting restoration will be undertaken by qualified and experienced professionals.

It is very risky to employ inexperienced accountant, and a worker with extensive experience does not immune to mistakes. And in the accounting and tax accounting, even a minor error and uncertainty can lead to significant material costs, and break successful running of the enterprise.

Please check with a reliable outsourcing company with an unblemished reputation and a large number of loyal customers. Experts of such company will advise on accounting and reporting, will provide useful advice and help to find out solution from difficult situations. Accounting outsourcing is a guarantee of the success of your business, rendering accounting correctly, financial security and capital saving.

For developing skills, abilities and experience of our employees such kind of business trainings are usually developed and performed in our company by a corporate (internal) coach. Tax relations, news in and changes and additions to legislation are discussed during the training.

Types of consulting services

The range of problems solved by consulting, is very wide, in addition, specialized companies that provide consulting services may be different: from a narrow, confined to one any area of consulting services (example, strategy, labor, investment, personnel, finance, taxes and others) to the very broad, covering the full range of services in this area. Accordingly, each provider of consulting services is investing in the concept of consulting his/her own meaning.

Consulting solves issues of management, economic, financial, investment activity of the company, strategic planning, optimization the overall performance of the company, business leading, researching and forecasting the markets, price movements, etc. In other words, consulting – is any help in solving some problems provided by external consultants.

The main purpose of consulting is to improve the quality of management, enhancing the effectiveness of the company and increasing the individual productivity of each employee.

In recent years, the most popular services of consulting companies are to build management systems in organizations.

 2. Define shared values and let values rule. Find people who are competent and really bright.

 3. Build and synergize corporate capabilities that will help your business achieve its vision. Focus on distinctive capabilities that cannot be copied by your competitors.

 4. Focus on your customer. Stay close to your customers, listen to them and partner with them to create superior customer value.

 5. Create a winning organization. Create hot teams, inspire, energize and empower employers. Search for synergies.

 6. Reinvent your business continually. Work on your business. Set stretch goals. Search for new opportunities. Facilitate gross-pollination of ideas. Make brainstorming.

 7. Surprise markets and competitors by introducing disruptive products. Encourage creativity. Allow experimentations. Give people freedom to fail and start again more intelligently.

 8. Live speed. Build a fast company. Think fast. Make fast decision. Simplify everything. Pursue opportunities faster than your competitors.

 9. Institutionalize innovation. Create cross-functional teams diving innovation. Provide with necessary resources.

 10. Make business fun. Don’t get your business too serious. Establish creative chaos environment. Celebrate success.

Starting a new business is exciting, but in that excitement are a lot of decisions to be made. The financial backbone of your business needs to be seriously taken into consideration.

1. The type of organization your business is. Are you a sole proprietor or are you in business with someone else? Will you organize as a partnership or as a corporation? Limited liability companies are the newest form of entity – is this form right for your business?
2. Financial records for your business. You have a lot of choices here! Are you going to use paper ledger sheets to record sales and purchases? Are you going to keep track of income and expense using a computer program? You will need to decide the best method for your business.

Best solution! All of the above can be much easier if you have an accounting professional to guide you.

Unfortunately, too many new businesses skimp on setting their accounting backbone up correctly at the start of their business. The financial backbone needs to be strong, as it is the support of your entire venture.

Starting a new business is exciting! If you take the time to talk with your accounting professional about the above decisions, you will help ascertain the best possible beginnings for your business. Good luck!