Thursday, May 5, 2011

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Interview

PRODUCT EXPRESS
In the framework of the visit of President Hugo Chávez to the neighboring country, the businessman Lorenzo Mendoza gave an interview on Caracol TV. The president of Empresas Polar was in Colombia to attend a business forum organized by The Economist

Radar / Caracol TV - Colombia / Thursday March 31 2011, 11:15 pm. Interview by the journalist Paola Ochoa.

RB: You are one of the richest men in Venezuela and, according to Forbes magazine, is one of the 300 richest in the world. How does it feel to belong to that club in the middle of a region that is one of the most unequal in the world?

LM: The truth is that I do not look for these measurements. I fully understand that journalism sell anything, and Forbes has categorized. We have never given answers or interviews that, so I do not know how to account for that reality. I am a product of a family that has worked for 70 years committed to the country, and Venezuela in particular, continually reinvesting and creating a lot of prosperity and welfare. We have more than 35,000 workers on the payroll, more than 180,000 indirectly, so our passion really is to generate prosperity and welfare by means of work and effort. I had the opportunity to access quality education, I was raised under a Salesian model very, very Jesuit, on the street, but I had everything in life and I've been lucky, no doubt has not been what I have been encouraged or addressed to me in life. My tastes and my pleasures are exactly like yours, and many are the pleasures of everyday life, and somehow that is what characterizes me. Do not stop at all, to such publications. Indeed, I seem foolish and superficial and do not represent in any way what I believe, think and do.

RB: Here in Colombia is not known only for that reason, but because lately it has become public enemy number one of President Chavez. You have been the subject of much criticism of him from many attacks. Why do you hate Chavez?

LM: You've got to ask it going to be here. I do not think I hate, I think it is within the political issue. I can not imagine hating a human being to another. Those of us on this planet we must understand that tolerance, communication and respect is what should characterize. I respect President Chavez is the president of my country, accounts for the presidential seat of my country, whenever I speak publicly and privately, I mean he and President Chavez because I think a lot, respect, beyond that on the other side there is no such recognition (...) I would have to ask him. Actually we are a company Cherished Venezuelans because we connect with them in all dimensions.

RB: There should be easy to survive the persecution, if you want to call it. Every Sunday the country's president launched personal attacks against you. I also expropriated, because it has expropriated some warehouses of food companies. Have you ever thought of leaving Venezuela. In other words, I will give up and go?

LM: Watch never, never. First because I have no sense of persecution. Turn and repeat, I'm the product of a Jesuit and Salesian education too, and somehow we all step in this life and while we have to do good. I have 6 children beautiful children of different ages, which obviously this type of baseless attacks and insults rude in any way affects, mostly because they are children and do not understand much. But in any case, I'm going to Venezuela under any circumstances. This is a spectacular country that I love, runs through my veins, and is what I electrifies my whole being. I am passionate about, like I said, of Venezuela.

PO: It is said that President Chavez is in Venezuela because there has been a strong candidate in opposition. Have you thought about running for president of Venezuela? And I ask because I read it, as some media rumor-Caracas.

LM: I'm not a politician, I have no aspiration to the presidency of the republic. I am a committed and passionate entrepreneur representing private enterprise and creation of wealth and prosperity for many, and people who watch it are seeing somewhat of a management company linked to a successful, committed to the country, values \u200b\u200band principles, long-term vision, always optimistic and see what the odds.

PO: How does the employer a new stage of relations between Colombia and Venezuela?

LM: As an entrepreneur more of the many that exist in Venezuela (...) I see very well the relationship between Venezuela and Colombia recomposed, every point of view. How nice that politicians and presidents of our countries believe the bridges that are needed for that to happen. The most important thing is that come through economic integration, come on people, come by everyday. Do not come for politics. You can have hugs, speeches and many news sources covering events, but finally ending and sisters energize people are our products, services, culture, manners, people who connect through products and services that Colombians and Venezuelans do do.

RB: Speaking of that, this is due April 21 agreement of tariff preferences was between Colombia and Venezuela because they turn 5 years of Venezuela's withdrawal from the CAN. How does this affect you personally? And how is the economic relationship in this scenario, we run out of preferences between the two countries?

LM is very unfortunate, because it is incredible that in the Andean Community of Nations (CAN) has worked so hard and yet the political issues have exceeded the interest of peoples in the economic part. I am convinced that something has to go out bilaterally between Colombia and Venezuela, with a new integration process, take care and keep all the formalities policies, but where we have complementary benefits and economic countries.

PO: Their companies have many years in Colombia. Do you have new plans in our country?

LM: We're seeing evidence of growth opportunities in Colombia in several categories in the food area, where there are attractive opportunities for the portfolio that we know how to handle. That surrounded by a Venezuelan company, because we are a Venezuelan company to the marrow, are Venezuelans and we bring the best of Venezuela to the countries where we operate.

PO: What Colombian businessman admire? Many

LM. I have been fortunate to meet Gonzalo Restrepo, a beautiful person Success Group. For me is a person whom I have much appreciation, much love.

Pledge Polish On Skis



Every company needs a business plan, a written plan to evaluate all aspects of the economic viability of your business venture including a description and analysis of their business perspectives, to understand the advantages, disadvantages and risks of starting a business .

At first it is necessary to hire an expert for this with a little guidance is possible to assemble a preliminary business plan.

Executive Summary should capture the reader's attention and briefly explain the content of the plan (must be less than 1 page)

Description of business: information about the company. This section should begin with the mission of the company, a description in one or two statements of the business objectives and target markets (what will the company do? What the market needs to be covered?)

Marketing: this should include market research and strategy and marketing plan, specifying who the customers, competition, sales scheduled, planned growth.

Development and production of goods or services, product description and the necessary facilities, manufacturing time, inventory needed. At this point it is vital to highlight the attributes of the product or service by answering questions What characteristics such as product and service must be emphasized to make customers pay attention to the company?

Management and organization of the company: Who manage and organize the company? Human resources, including the responsibilities and expertise needed for each position.

Finance. Resources and investments to make. How much money the company needs to start? Investment in the short, medium and long term. ROI. If necessary in this part must contain information of interest to potential investors.

Wednesday, April 20, 2011

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HOTEL BUSINESS PLAN

By Víctor Lenore

seems incredible, but it is: a company China has been able to erect a fifteen-storey building in just 48 hours. The building meets all safety standards. Where's the catch?

The Broad Construction Sustainable Building (BSB) and can enter the Guinness Book of Records. His achievement is to erect a building within two days: the Ark Hotel in the Chinese city of Changsha. Construction, despite the little time spent lifting, with all services, fifteen floors where you can find a hundred rooms, swimming pool, two restaurants and a gym.

To be exact, the Chinese company took 46 hours to erect the structure. Then spent four days to cover the facade. Despite its speed, the media claim that the building meets all safety standards. Moreover, it passed level 9 in testing resistance against earthquakes due to its low weight and steel construction.

Sunday, March 27, 2011

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VAN WITH MY BOOKS

The editorial (in Mexico) have published 2 books on tourism: Hospitality and Tourism analysis sustainable. To view this link: http://www.etrillas.com.mx
In the form put my name (Alfredo Ascanio) and the books are quoted in Mexican pesos (11 pesos per dollar).

To enter the Virtual Store TRILLAS if you want to buy my books then you have to do above where it says CLICK MY BOOKS and link that will appear Editorial Mexicana, and in the form you put my name to see the three books I have there and if you are interested in the book devoted to the evaluation of hotel investments, you can buy remembering that in Mexico they put in Mexican pesos, but more or less to send to say Argentina would cost 30 U.S. dollars to the cost of shipping.

Saturday, March 26, 2011

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A company has two projects: A and B. It ecime that Project B can be riskier than Project A. Cash flows from both projects are:

Year Project A Project B
0 to 100 -200
January 1980 10 2100 50

3110100 4150150


5150200 6150300
7 --- 500

The risk-free discount rate is 12%, but for the project to a risk of 2% or 12% + 2% = 14%
For Project B is greater risk estimated at 8%, or 12% + 8% = 20%.

A project NPV discounted at 14% rate is equal to:
- 100 + 70.17 + 76.94 + 74.25 + 88.81 + 76.79 + 68.33 = - 100 + 425 , 29 = + 355.3

Project B NPV discounted at the rate of 20% is equal to:
- 200 + 8.33 + 34.72 + 57.87 + 72.33 + 80.37 + 100 46 + 139.54 = - 200 + 493.62 = +293,62

is preferred investment in the project A, it has a higher risk-adjusted NPV.

Monterola Constration

PERFORMANCE WITH INFLATION RISK AND PAYMENT OF IMPUETSOS

I also have wondered what influence INFLATION TAX EXEMPT and the selection of investments. Well, it is not difficult but involves the following procedure:

(1) assume a payout equal to 14 monetary units, and that in the absence of inflation and taxes, generates two net cash flows in year 1 and 2 and
YEAR 1


Costs Income + 12 - 2 10 Net cash



Year 2 Costs
Income + 12 - 2 10 Net cash


Assume a tax rate equal to 36 % But taking into account that the investment is 14 then 14 / 2 = 7 and assume that the average inflation rate is 13% for revenues and 12% for expenses. With all these damages the net cash flows in nominal terms before tax would be: Year 1


Income 12 (1,13) = 13.56 Costs
-2 (1.12) = - 2.24
Flow Net value = 11.32


Revenue Year 2 12 (1.13), to the 2 = 15.32 -2
Costs (1.12), to the 2 = - 2.53 Net cash
nominal = 12 , 79

tax payments for Year 1:
0.36 (11.32 to 7) = 1.55

tax payments for the Year 2:
0.36 (12.79 - 7) = 2.08

The nominal net cash flows and after tax are: Year 1



(11.32 to 1.55) = 9.77



Year 2 (12.79 to 2.08) = 10.71

But cash flow after tax and real values \u200b\u200bare: Year 2


9.77 / 1.12 = 8 Year 1 72


10.71 / (1.12) raised to the 2
10.71 / 1.2544 = 8.53

then the Net Present Value (NPV) after tax in real terms (net with 10%) would be as follows:
NPV = - 14 + 8.72 / 1.10 + 8.53 / (1.10) raised to the 2 = - 14 + 7.93 + 7.04 = 0.97

As the NPV is positive and greater than zero: the project is aceptable.Aunque is in a dangerous limit .

Kurt Russelentrada Ilegal

Search DISCOUNT RATE

Yesterday a student asked me how one can estimate the discount rate called TIR. Well let's suppose we want to estimate the net present value (NPV) for an investment of 1,500 entries with cash flows as follows: the first year 500, in the second year 1,000, in the year 500 called Third and fourth year 1,000 . Clear that the NPV is zero is necessary to estimate a discount rate is called the internal rate of return (IRR).

-1,500 + 500 / (1 + r) + 1.000 / (1 + r) 2 + 500 / (1 + r) 3 + 1,000 / (1 + r) 4 =

zero (ie: investment or cash out by 1,500 and multiplied by cash receipts the discount rate "r" for years 1.2 3 and 4) but the "r" and not know that formula can not punt.

The only way to get it is by the following calculations. Sum first entries, ie: 500 + 1,000 + 500 + 1,000 = 3,000 . The other step is to do the following: 500 / 1 + 1,000 / 2 + 500 / 3 + 1,000 / 4 = 1416.66 , then the calculation would be another division of 3,000 / 1,500 but increased to 3,000 / 8,000, which as we know is just to say high to 0,375, and the result is subtracted from the unit, or 3,000 / 1500 = 2 and 2 raised to 0.375 is equal to 1.2968 for the remainder of the unit would: 0.2968 or 29.68% is the , the discount rate would be lower and thus older ecime: 3,000 / 1,500 which is 2, but risen to 1416.66 / 3.000 = 0.4722 and less than 1 = 2 raised to of 0.4722 = 1.3872 minus 1 = 38.72% .

The real discount rate should be between these values: 29.68% and 38.72%. Testing with different values \u200b\u200bbetween these extremes you get the discount rate equal to 31.96% . This rate is the one that makes the NPV is zero and is called the Internal Rate of Return (IRR). And we can also be obtained by interpolation. Let us now see the following:


discount rates of 32% discount per table

Year 1 0.757576 x 500 = 379
Year 2 0.573921 x 1000 = 574
Year 3 0.434789 x 500 = 217
Year 4 0.329385 x 1000 = 329

SUM + 1.499-1500 = - 1

the NPV is negative to a positive NPV should be discounted to 32% lower rates. Discounted at the rate of 30%.

Year 1 0.769231 x 500 = 385
Year 2 0.591716 x 1000 = 592
Year 3 0.455166 x 500 = 228
Year 5 0.350128 x 1000 = 350

SUM + 1555-1500 = + 55

Now we have a positive NPV NPV

When we cast the value ZERO, then the result is the Internal Rate of Return (IRR) and can be obtained by linear interpolation and :

IRR = 30 + (32 - 30) [55/55 + 1)
IRR = 30 + (2) (0.9821) TIR = 30 +1,9642

IRR = 31.96

If cash flow is discounted at the rate of 31.96 the result of the NPV will be zero.

Friday, March 25, 2011

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    Wednesday, March 23, 2011

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  • Saturday, March 19, 2011

    How To Make A Deed Of Variation

    A sample of an infinite population

    first thing to know that a 390-room hotel has 390 berths (assuming one double bed) and that if you work at 85% capacity ( is very high indeed), then sell year: 390 x 365 x 0.85 = 120,998 room nights a year . Assuming an average of 1.8 persons per room, then in a year that hotel would capture 120,998 x 1.8 = 217,796 customers . And another hotel would follow the same calculation: 311 x 0.85 x 365 = 96,488 rooms sold each year and multiplied by 1, 8 would 173,678 customers a year.

    Now the question is to know what would be the representative sample of the total population of customers: 217,796 + 173,878 = 391,674 tourists to survey.

    As we are dealing with clients who are housed in a hotel, chances are that 65% of visitors staying at hotels and 35% of customers buy other accommodations, and now applying the formula for infinite population , where 6% (0, 06) is the standard error and confidence level of 90% (with Z = 1.64), we have:

    n = [square 1.64 x (0.65) (0.35)] / 0, 06 squared, n = [2.6896 x 0.2275] / 0.0036
    n = 170 tourists surveyed.

    Thursday, March 17, 2011

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    Saturday, February 19, 2011

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    Thursday, January 6, 2011

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