The mambure varipo ukoshi. The chipo ukoshi

Mazuva zveupfumi mashoko kazhinji zvichiita kuti kusangana izwi akadai "mambure ndiripo ukoshi", zvichireva munhu akaverenga ukoshi rinoshandiswa kana kuenzanisa mikana yakasiyana-siyana inivhesitimendi.

Chimwe chezvinhu zvinokosha uye zvakajairika zvisarudzo kwoupfumi masangano, ndiye mubvunzo oupfumi dzimwe makambani. Somuenzaniso, rimwe gore mamiriyoni rubles paakapiwa mune miti kana zvavo midziyo ichaita ishande uye tanga mamwe purofiti kwemakumi akawanda emakore. Cash aibuda mari mune ramangwana, rinogona kuunza mari, kazhinji dzinoratidzwa vamwe nechokwadi. Uye kana mbesa kana mafekitari kare kuvakwa uye regai kuuya kutarisirwa purofiti, iyo investor havazokwanisi kuti resell akavasarudza uye kuti nekure mubhizimisi. Muchiitiko chino, bhizimisi sangano (investor) anotakura irrecoverable varasikirwa.

mazwi

Net varipo ukoshi inechirevo magetsi uwandu mari hunodiwa kubudisa mari mune ramangwana, ayo analoginen rinoenderana nerokuti, zvichiguma kubva Implementation zvimwe inivhesitimendi chirongwa. Somuenzaniso, pane dhipoziti yevanhu 10%, ipapo $ 100 achauyisa 110 rubles pakupera kwegore. Mumaonero mutengo-kubudirira kuongorora mupiro $ 100 kuti mubhangi kana mari chirongwa chinogona kuunza zvakafanana 110 rubles, aripo kukosha achava mumwe chete.

Panewo chinhu indekisi pakati profitability of mubhizimisi chirongwa - ndiwo mugumisiro kugovera mambure chipo chaiko zvachose discounted kukosha oupfumi (mari mari).

Kuziva feasibility kuti upfumi

Pakuita mari chirongwa gore kupfuura rimwe, zvakanakira oupfumi yakadaro inogona kurondedzerwa nokuunza ramangwana mari yakagamuchirwa gore kusvika musi mukutanga nechirongwa. Saka mambure chipo ukoshi anoratidzwa, ndiko kuti 'kudzoka' kuti investor. mari iri Zvisinei zvichienzaniswa afanotaura mutengo,, akadaro kuongorora zvinofanira kufungwa "the reef" muchimiro mubereko capitalization. Izvozvo chete-nguva mibayiro vanobhadharwa kuti investor pakupera kwegore, asi kubhangi anogona kubhadhara mubereko uri pamwedzi hwaro. Ndokusaka mambure chipo ukoshi pamwe kuenzaniswa ongororo iri pakutsvaga siyana Masvomhu, uye kune rimwe sangano zvemari vanofanira kufunga dhipoziti pamwedzi capitalization mhindu.

Mumabhuku zvoupfumi, anogona kuwanikwa mashoko akadaro "zvechikoro": mambure varipo kukosha mubhizimisi chirongwa - pachisara mari vakagamuchirazve zvose mari pakutengeserana uye havashandisi mari yakawanda. uwandu Its ipfupi kusvika kwokutanga nguva (kutanga musi mubhizimisi chirongwa Implementation).

mugumisiro Izvi zvinoratidza kukura nemari kuti kunogona kuwanikwa mushure investor nechirongwa. Kazhinji chaiwo ukoshi rinomiririra zvachose mubereko investor, asi muchiitiko chino hakufaniri aendeswe nezvenhoroondo residual ukoshi nechirongwa.

The mambure varipo kukosha chirongwa: dzemaitirwe fomura

Saka, dzemaitirwe ari indekisi kushandisa Masvomhu akadai:

• NPV = Verengai (CF _t / (1 + i) ^T);
• NPV = -IC + Verengai (CF _t / (1 + i) ^T),

apo:

T - Kuwanda kwemakore;
CF - muripo Via t-makore;
IC - paakapiwa guta;
Ini - ari dhisikaundi unodiwa.

The dhisikaundi Zvinhu

The mambure varipo ukoshi anogona chete kuyerwa yakavimbika iri chiitiko kuti kodzero kusarudzwa dhisikaundi unodiwa. Zvichienderana kukosha chinoratidza ichi, zvinokwanisika kuwana tsamba coefficients nokuti nguva iri iyo kuongorora.

Chete somugumisiro kuziva kukosha pakutengeserana uye havashandisi mari Mari kuyerera mambure varipo ukoshi anogona tsunga sezvo kusiyana izvi tsika maviri. Somugumisiro, paakati ichi kunogona kuva zvose zvakanaka nezvakaipa.

Ngationei vanogara ayo tsika:

• yakanaka ukoshi kunoratidza kuti Billing nguva pakutengeserana panyaya imwe dhisikaundi mari kusapfuudza pakapfava zvakafanana, uye izvi zvinobatsira kuti kuwedzera ukoshi bhizimisi isangano;
• akaipa ukoshi inoratidza pasina kutsvakwa mwero kudzoka, zvinoita kuti mumwe kufirwa.

Kukurukura pane upfumi

Kakawanda vanoita mari mari dzavo ichi kana kuti chirongwa vari nokuzvibvunza mubvunzo: chii dhisikaundi zvazvingava zvinofanira kushandiswa kana pakuverenga ebhizimusi mambure varipo ukoshi? Mhinduro yacho iri pakuti Kuwanikwa zvinotsiva mari upfumi. Somuenzaniso, dzimwe nguva panzvimbo musiyano pakati upfumi, kambani rinoshandisa mari yayo kutenga zvimwe mhando musoro dzinogona kuunza purofiti yakakura. Kana bhizimisi sangano anowana zvisungo, izvo zvinoodza inosimbiswa Kuwanikwa yavo profitability.

Investments zvakaenzana kwevari ngozi

Pane here chinonzi oupfumi "zvakafanana". mari iyi, izvo zvine ngozi zvakaenzana. Unonzi kubva dzidziso kuti yepamusoro ngozi iri mubhizimisi, dzakanga mari pamwero, uye maererano, mambure chipo ukoshi. Saka, imwe nzira mubhizimisi iri chirongwa - mari zvingangodaro iro kuti kuenzana ane mari iri chirongwa kana twa pamwe chete nenhanho ngozi.

Kuongorora mwero mari pangozi vanofanira kufungidzira kuvapo chokuvapo chacho, kwete chokuita chero mukana upi. Zvadaro, sezvo mukana mutengo oupfumi vari ngozi-isina mari. Muenzaniso mari akadaro kutenga hurumende kusungwa. Kana pakuverenga gwaro-gore gumi zvoupfumi sangano achakwanisa kushandisa wepagore chimbadzo pamusoro akakodzera hurumende zvisungo.

Akapedzisa acho, zvinofanira kucherechedzwa kuti chakarurama ichi kwoupfumi rakanyatsojeka kubudirira kubatsira investor pakuona kuti mari yemuraudzo mari mune imwe indasitiri.