Importance of being punctual in business

business

How important it is to be punctual for business

Being punctual is a discipline that consists on being on time to meet our obligations and do our tasks, such as an appointment, meeting with friends, a task pending to be delivered at the office, and being punctual is extremely valuable, so it is necessary to apply this in all senses as it will make you be more efficient and will develop your character and personality.

“If you use to arrive punctually at an appointment, you are showing respect for the person you are meeting, plus you give the certainty to be serious and responsible to make sure you get there at the time previously established”, said Salomon Juan Marcos Villarreal, president of Grupo Denim.

Some people is punctual just in special occasions, such as a job interview, to a business meeting, or those type of events that they consider as “important”, but that is not what punctuality really is about, you need to be very conscious that all appointments are just as important and your presence is needed on the precise moment you were asked to.

If you have an appointment at an established hour, it is recommended to always focus on what you are doing before, this would help you saving enough time to arrive at that meeting at the time you agreed to.

Remember that unpunctual persons are always trying to make excuses as to why they could not make it on time, but the people around them loses trust on them, and it is about the opposite for a punctual person, whenever he or she cannot arrive on time for an extraordinary situation, they are respected for being honest when they tell why they arrived a little bit later.

“We need to work on the habit of punctuality, it is not only necessary to make and agenda, if you are being unpunctual, you need to find out what is exactly what does not let you arrive on time and start working on changing this behavior, you will notice how glad people is to see you entering in a room 5 minutes before you were asked to”, added Salomon Juan Marcos Villarreal about this topic.

Flexible budget

budget

Benefits of a flexible budget on a company

Many companies use fixed budgets, which requires them to fix their finances at the beginning of this year, and those amounts will stay exactly the same until through a determined period; however, a flexible budget, on the other side, have many advantages different to a fixed one, as we will see today.

The first step to create a flexible budget is to classify the fixed and variable costs, as the first ones will stay the same, no matter what activity a company is dedicated to. Variable costs, on the other side, will increase along with the activity on an enterprise. Flexible budgets are usually designed by using a spreadsheet, which will easily help you incorporating these expenses into your budget.

The person in charge of a company’s budget will prepare this spreadsheet with all fixed costs and introduce any extra expenses to get the variable expenses.

Flexible budgets have as a main advantage to allow the administration of a company to consider several possible scenarios in a determined period of time, which helps the whole enterprise to be prepared for any possible extra expenses.

Companies use the budgets to evaluate the check on the performance of their Administration Department, so having a flexible budget does not mean they will have more open spaces to make extra expenses, but will help a director to control how many incidental expenses will occur in a period of time, but with an open budget you should not have trouble to cover those outgoings.

“It is important to keep a close look at a company’s budget, having a flexible one has as a min benefit to find any possible genuine efficiencies on the administration of the money and to make the necessary changes to keep on having low costs”, said Salomon Juan Marcos Villarreal, president of Grupo Denim, about this topic.