Audit and consulting company AGIC conducted Survey of hotel industry in Georgia Methodology The data used in the study were taken from the website of the reporting portal, where annual financial statements are published in accordance with the legislation of Georgia. These hotels belong to companies of the first, second, third and fourth size categories. […]
Audit and consulting company AGIC conducted Transport and warehousing – industry survey in Georgia Methodology The data used in the study were taken from the website of the reporting portal, where annual financial statements are published in accordance with the legislation of Georgia. These transport companies belong to the first, second and third categories. Results […]
Audit and consulting company AGIC conducted A survey of the restaurant industry in Georgia Methodology The data used in the study were taken from the website of the reporting portal, where annual financial statements are published in accordance with the legislation of Georgia. These restaurants belong to companies of the first, second and third size […]
Audit and consulting company AGIC conducted Survey of distribution companies industry in Georgia Methodology The data used in the study were taken from the website of the reporting portal, where annual financial statements are published in accordance with the legislation of Georgia. These distribution companies belong to the first, second and third categories. Results of […]
Audit and consulting company AGIC conducted Survey of the travel agency industry in Georgia Methodology The data used in the study were taken from the website of the reporting portal, where annual financial statements are published in accordance with the legislation of Georgia. These travel agencies belong to the third category. The mentioned information is […]
Audit and consulting company AGIC conducted Research on Early and Preschool Education in Georgia Methodology The data used in the study are taken from the website of the reporting portal, where the annual financial statements are published in accordance with the legislation of Georgia. These early and preschool institutions belong to the second and third […]
Audit and consulting company AGIC conducted research of the industry of sports and entertainment companies in Georgia. Methodology The data used in the study were taken from the website of the reporting portal, where annual financial statements are published in accordance with the legislation of Georgia. These sports entertainment companies belong to the second and […]
Audit and consulting company AGIC conducted research on Research on private schools in Georgia. Methodology The data used in the study are taken from the website of the reporting portal, where the annual financial statements are published in accordance with the legislation of Georgia. These private schools belong to the second and third size category […]
Audit and consulting company AGIC conducted research on Confectionery Manufacturing Industry Survey. Methodology The data used in the study were taken from the website of the reporting portal, where annual financial statements are published in accordance with the legislation of Georgia. These companies belong to the third category of companies, none of which reports have […]
Audit and consulting company AGIC conducted research on Nut and Walnut Production Industry Benchmark Survey Methodology The data used in the study were taken from the website of the reporting portal, where annual financial statements are published in accordance with the legislation of Georgia. These companies belong to the second and third size categories, out […]
Audit and consulting company AGIC conducted research on Furniture Industry Benchmark Survey. Methodology The data used in the study are taken from the website of the Reporting Portal, where the annual financial statements are published by the legislation of Georgia. These companies belong to the second and third categories, of which only two companies are […]
Audit and consulting company AGIC conducted research on bread production industry benchmark survey. Methodology The data used in the study are taken from the website of the Reporting Portal, where the annual financial statements are published by the legislation of Georgia. These companies fall into the second and third categories, of which only five are […]
The International Accounting Bulletin (IAB) published its renowned World Survey earlier this month. The IAB Survey celebrates excellence in the accounting profession worldwide, and once again confirms PrimeGlobal as one of the top 5 international accounting associations, with member firms’ combined revenue of nearly 3 billion USD and growth of 10%. AGIC is a member of PrimeGlobal […]
Audit and Consulting company AGIC is proud to present the annual report of 2020. In the company’s history, 2020 will be remembered as a year of overcoming challenges. In the report, there is an overview of the most important projects implemented and completed in 2020. Based on the accomplishments of 2020, we enter 2021 with […]
Audit and consulting company AGIC conducted research on authorized higher education institutions in Georgia. Methodology The data in the study is taken from the website of the Reporting Portal, which provides financial and management reports of companies registered in Georgia. The information is based on the data of 2018. The report reviews authorized higher education […]
The government of Georgia has approved the state program – Invest in Georgia. FDI grants are launched to support foreign investment projects. The grant program will be implemented by a national agency – Enterprise in Georgia. The goal of the program is to promote the growth of direct investments in the country, support the inflow […]
Invoice Management Software – InvoiceOcean offers a simple way to create and manage your invoices. Audit and consulting company AGIC offers access to InvoiceOcean and its services in Tbilisi, Georgia. Online Invoicing Software is simple to use and will make your daily activities much easier. With InvoiceOcean you can sort invoices and accept payments. The […]
PrimeGlobal – One of the five largest associations of independent accounting firms in the world was named Association of the Year at IAB Awards. Digital Accountancy Award was awarded in 13 categories. PrimeGlobal has been named both the Association of the Year and Sustainable Organization of the Year. In order to see al the winners, […]
Technologies that expand the methods of data collection and analysis contribute to business development. Companies regularly receive, store, and analyze quantitative and qualitative data. All of this helps them to have more
Most entrepreneurs know how important it is to invest in yourself, which means developing the skills you need and improving your weaknesses. Most of the important skills are related to technology, so they change over time.
Audit and consulting company AGIC has become a member of the UN Global Compact. It is the world’s largest corporate sustainability initiative that promotes a sustainable and inclusive global economy for people, society, and the market.
Audit and consulting company AGIC conducted a textile and clothing manufacturing industry benchmark survey, that serves to identify trends in this industry, based on the 2018 and financial statements of the second and third size companies.
Most organizations believe that customer management is an integral part of their success. While they are well aware of its importance, companies often find it difficult to meet customer requirements.
The document, whether electronic or printed on paper, is an important component of any enterprise. Over time, many documents accumulate due to business activities, so managing them can be a difficult task.
Artificial intelligence can do whatever it takes and give business leaders a competitive advantage. However how many real benefits of AI can you name? Due to the variety of uses, it is almost impossible to list all its advantages.
We often hear the word “management” as a means of describing high-level authorities. Management is a practice and not a person when talking about project management, we are talking about what is being done to make sure everything is done as needed.
AGIC and ARFADA will jointly implement international and charitable audit projects in the Turkish market. ARFADA is one of the most experienced consulting companies with a special place in development and finance In the field of management consulting.
Having a good relationship with your business partner will help you see opportunities, collaborate, and deal with problems together. Managing unforeseen circumstances in a necessary long-term partnership is inevitable. Do not rely on personal interests – especially if they are involved in
The membership of the PrimeGlobal network has enabled us to implement global, complex, and complex projects with our partners. The company AGIC has signed a contract with the Polish company Szwak&Spółka, with which they provide accounting services to companies in the EU market,
Video conferences have been going on for about 20 years. Before the pandemic, people rarely had to attend online meetings, but today, we hold video conferences every day that are 100% virtual. This is a problem that technology cannot solve.
Audit and consulting company AGIC conducted an ice cream industry benchmark survey, that serves to identify trends in the ice cream industry based on the first, second and third size category companies’ financial statements for 2018.
Consumer service is a new marketing and it is very effective in increasing sales. Numerous large and small organizations have experienced this fact for themselves. They put their efforts into customer service and entrusted it with sales.
The reason for the events of the last few months is the impact on daily life, in particular on business activities. Today, entrepreneurs have to make very difficult decisions. Along with all this, they deal with the emotions that affect the ability and safety
Starting a business is not easy. It requires a lot of thinking and decision making. This can put pressure on you and make the wrong decisions, which can damage your development potential. While there is no reliable plan to help you succeed,
Today, online business is one of the most convenient ways to earn money, and your computer and mobile can help you. Of course, all this requires a lot of work, but with its help, you avoid going to work every day, office policy, etc. You will have to devote more time than
People receive a lot of emails each day. So you need to fight to get the addressees you send the letter to open and read it. When you write an e-mail where you deliver an offer and send it to thousands of people at your base. Eventually, a very small number get this offer,
Audit and consulting company AGIC conducted a meat products industry benchmark survey, that serves to identify trends in the meat trade and manufacturing industry, based on the financial statements of the second and third category companies in 2018.
When you acquire a business, you will have many new ideas that you will want to implement. Nevertheless, you will not be able to abandon the existing business model and create a new one without losing the trust and respect of the staff.
If you’re a small business owner, you may be thinking that your accountant is the only person who could be interested in your business’s financial statements. But if you’re looking for investors for your business, you’ll find that four types of financial statements.
There are two misconceptions about a business plan. The first is that a business needs only one plan, and the second is that there is one type that suits everyone. Companies often need new or revised plans because they are evolving and any business plan depends on the company’s goals.
There are good opportunities to expand your business in international markets. To be successful, you need to define the right segment. Companies have the opportunity to conduct research on any topic and determine the characteristics of the sector of interest to them,
In this age of rapid change, it can be difficult to think about radically changing your business so that it responds to the ongoing opportunities posed by technological, economic, and industrial change. Leaders need to be ready to meet market needs.
Today, almost none of us have the time to do everything perfectly. Entrepreneurs know best the importance of time management. The secret of all this is to maintain a kind of routine and prioritize important tasks. Start by asking, “Why?” When starting an assignment, you need to ask the question “Why?”.
Every small business needs income to keep working. The difference between your sales revenue and business expenses indicates your growth and expansion skills. But as a small company, how do you do that?
It seems that more and more people are successfully coping with the situation and agree that it is not necessary to leave home every day to go to work. They can easily have successful meetings with clients in home offices at no extra cost.
Audit and consulting company AGIC conducted a dairy products industry benchmark survey in Georgia that serves to identify trends in the dairy products industry based on the first, second, and third size category
Whether you’re a small accountancy system or a well-established one, your in-house team is what keeps things moving. For example, they handle all the financial matters for your clients and guarantees that their books are always adjusted.
Probably everyone has seen entrepreneurs and start-up businessmen who have great ideas but can’t find their potential, and some ambitious decision-makers who develop quickly. The difference is almost always related to the founder and their strategy.
Competitiveness is important in the business world, the best way to do this is to focus on innovations such as business trends. Through them, you will be able to create new opportunities.
Due to the current situation, almost all industries have suffered some damage. We cannot change the current events and it is shocking, but we can use this time to be prepared to face the developments.
The present study serves to identify trends in the bread industry based on the first, second, and third size category companies’ financial statements for 2018. The report presents the average financial
One of the most important ways of marketing is to reach the target audience, or to deliver the right message to the right people. If you give your product to people for whom it is not a product or service, you will lose both time and money.
The present study serves to identify trends in the furniture industry based on the first, second and third size category companies’ financial statements for 2018. The report presents the average financial indicators of the sector, which forms the
When the work you do is important and joyful to you, it all affects productivity. At which point it is very important to make sure that strong emotions and impulses do not hinder critical thinking in the workplace.
It’s good when business representatives listen to the customer’s advice or requirements, but it is much better when the business considers this feedback and substantially changes itself to meet their needs.
Because of the Coronavirus pandemic, small or large businesses have faced some financial obstacles. You can read more about how to alleviate the current economic condition in this article.
Banks and investors will typically use financial ratios to measure the performance of your business. So you need to know the state of your business. They may also be used to gain insight into a company’s financial statements.
Audit and consulting company AGIC conducted a medical industry benchmark survey that serves to identify trends in the medical industry based on the first, second and third size category companies’ financial statements for 2018. Methodology
It’s an exciting time when you have a business idea, but taking full responsibility is associated with great risks. Starting a business from scratch is associated with both emotional and financial difficulties. Despite all, if you work hard you will achieve the result. No matter how grand the business idea or how
The duration and profitability of a business depends on the owners and managers making the decisions. An important part of it is to have as many accurate data as possible on operations. Do you have all the information to make the best decisions possible?
IT audit is essential for any business. Cyber-attacks have devastating effects on business. It results in a loss of customer confidence and damages irreparable damage to the company’s reputation. While technology is an integral part of useful and modern society, it is also vulnerable.
There are many ways in which leaders can help employees maintain their hard work and psychological health as they work from home in today’s global pandemic. The right technology tools and constant communication are very important.
The Covid-19 virus has rapidly changed the work environment. Within a week, almost all companies had switched to a remote work. For some people, it can be quite challenging to make a radical change in your environment, where you have to be quarantined.
Making the right resolutions determines the way a person develops and the end result. However, resolutions aren’t just for personal goals. You can set resolutions that let you dive back into growing your business from a fresh perspective when a new year has begun.
The demand for Georgian wine on the world market is increasing day by day, hence the interest from investors. What is the situation in Georgia today, which company is leading, and we highlighted other important facts in the article.
The circumstances in which so many companies found themselves soon is quite different from what we were all used to. When dealing with your audience at an online meeting, it is very essential to establish a personal connection with each listener.
In fast-moving and uncertain situations, many leaders face questions they may not even have answers to. But even then, you need communicating early and often with your key constituencies throughout a crisis. Even if you’re still trying to understand the extent of
Right now, remote working has become more than a trend, it’s become a necessity for companies all across the globe. As a result, there are thousands of team leaders and managers who find themselves suddenly managing a completely remote teams.
Audit and consulting company AGIC takes into account the recommendations of the World Health Organization on the current situation and is working remotely to prevent COVID-19, the same coronavirus. On March 11, the WHO declared COVID-19 as a pandemic and recommended social distance.
Preparing a business plan is like outlining an itinerary for a road trip. You want a clear map that you can follow step by step while developing your business. A business plan is vital as it navigates your business on the road to success. The plan outlines where you want to go,
A financial statement audit is the examination of an entity’s financial statements and accompanying disclosures by an independent auditor. The result of this examination is a report by the auditor, attesting to the fairness of presentation of the financial statements and related disclosures.
The brain concept being activated with testimonials (or reviews or other forms of word of mouth) is called social proof. It was first introduced by Robert Cialdini, professor of marketing and psychology at Arizona State University, in his 1984 book, Influence.
Business consultant provides management consulting to help organizations improve their performance and efficiency. These professionals analyze businesses and create solutions while also helping companies meet their goals.
Market research is the process of gathering information about your business’s buyers, target audience, and customers. You need it to determine how successful your product or service would be.
Nowadays texting and social media platforms are very popular but despite that, email still happens to be the most common (and useful) form of written communication in the business and professional world.
In your career development, when you suffer a career setback, it’s rarely because of something you’re doing well. There are some habits, that you need to overcome. Conflict avoidance
Time management is defined as the decision-making process that structures, protects, and adjusts a person’s time to changing environmental conditions. How to Improve Your Time Management Skills
A strong company can attribute some of its success to its accounting. Without accounting, it would be hard to keep track of your business’s finances and profitability. What is accounting?
Forget about presentations, handshakes, and power suits; the secret to succeeding in a business meeting is what you say. Effective words will determine your success.
Video marketing is a strategy that every business owner should consider. Not only for increasing sales and brand recognition but, it’s also preferred by customers. This is why it’s so powerful to create effective video marketing for your business.
Emotional intelligence is the ability to be aware of, manage and control your emotions, and also its associated people skills, are crucial because people are an important part of any business.
Businesses that have successfully incorporated a team mentality into their company culture will reap the benefits of collaboration, but it takes commitment, leadership, and diligence.
What is a trademark? A symbol used to identify goods or services produced by an entrepreneur and distinguishes them from competitors’ goods or services. What could be a trademark?
Accounting standards are the way businesses maintain an overview of their finances. They boil down to a simple principle: a standardization of accounting practices across the U.S. and other countries.
Building a business from the ground is often very difficult. Building a business without the initial cash flow from investors can be even harder. However, starting a company without the weight of investors can yield many benefits that outweigh the cons.
Great managers are typically experts in their fields with strong performance history and an interest in being in charge. But to lead effectively they need to develop another skill – talent management. The ability to see talent before others see it, unlock human potential, and find the best employee for each role.
When it comes to spending money on your business, not all expenses are created equal. In your business, there are certain areas where a small investment can make a leveraged return and there are other areas where a big investment can be a waste of money.
Happy New Year 2020 from audit and consulting company AGIC. We wish you the best of all, happiness, joy, and success. AGIC has 13 years of experience in the private, governmental and non-governmental sectors, having implemented projects in Georgia, Turkey, Norway, Armenia, and Azerbaijan.
Audit and consulting company AGIC became a member of PrimeGlobal, which is among the 3 largest associations of independent audit and accounting firms in the world.
You ideally should have multiple revenue streams to truly accumulate wealth. The quickest route to becoming an entrepreneurial millionaire is not necessarily by making one product with a high-profit margin that flies off the shelves.
What’s most important is that you plan to make your money work for you and establish financial goals, even if you’re running a company. Here are five of the best tips financial advisors offer that entrepreneurs can apply to their journey. Develop financial goals If you’re not sure what you’re looking for with your
If you ask most people about their impression of entrepreneur, they might use words like “small business” or “innovation” or describe it as “working for yourself.” Simply put, entrepreneurship is the endeavor of creating, owning, and commercializing an idea, technology, product, or service.
Information technology drives innovation and innovation is the path to business success. It’s hard to imagine any business that has not benefited from the digital revolution. Even something as hands-on as agriculture uses computers.
Before you decide to start a business, it is important to have an idea about it. Make it clear why you want to become an entrepreneur, Why decide to start this particular business. What problem will you solve through it and whether there is a demand for the product you are going to manufacture.
The team may not always have a specific goal set in the beginning. Especially if the team is so small that everyone knows everything. It’s difficult to accomplish anything as a leader if your personal goals aren’t aligned with the company’s goals.
B2B marketing is the promotion and selling of products and services by one business to other businesses and organizations. When you have a clear understanding of the B2B buyer’s journey, it’s time to think through the strategies that can help you. SEO If you can continuously pump out high-quality content,
Financial reporting refers to standard practices to give stakeholders an accurate depiction of a company’s finances, including its revenues, expenses, profits, capital, and cash flow, as formal records that provide in-depth insights into financial information. The Advantages of Financial Reporting
The issue of labor security in Georgia has been particularly critical in the last few years. This is confirmed by the public speeches and demonstrations held in the country. Also official data, according to which in Georgia in 2011-2017 the number of people who died in the workplace reached 317. Labor should be
The business world is moving quickly and with ambitious companies trying to capture a significant part of the manufacturing market. How to maintain your business effectiveness? Write an effective plan and follow it, making the most important steps right. Because the business plan is a guide to the company.
Before you decide to become an entrepreneur, there are a few important things to keep in mind. The beginning is the most important period because it determines how successful you are. For starters, write down exactly why you want to be an entrepreneur
Break even analysis is arguably one of the most critical functions of any business. Your break-even point is the place where you’re not making any profit, but you’re also not incurring any losses; it’s where you’re covering your expenditures but hitting zero-profit.
“If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the prices by 10 percent, then you’ve got a terrible business.” – Warren Buffett What do you fear… Angry Customers? Losing customers to competitors?
In business, all important decisions are achieved by negotiation, such as partnership with companies, communication with staff or with clients, etc. In this article, we will talk about the type of negotiations and the strategies of the agreement. People- separate the people from the problem Interest- Focus on interests, not position
There are many reasons to write a basic business plan for your retail venture. For example, a business plan can help you get funding. A plan can also help when you’re negotiating a commercial lease. Or it can simply give you a clear vision. But where do you start with a basic business plan?
On September 2, 2019, published lists of controllers carrying out the expenditure verification performed within the projects funded by Joint Operational Programme Black Sea Basin 2014-2020, including a list of audit companies such as Deloitte, KPMG,
Email marketing is no longer what it used to be. It can be said that it has become less effective. On the contrary, it is far superior to other digital marketing tools. Email marketing has changed since it was introduced in 1998 to promote small business.
On September 20-21, in Zugdidi “AGIC” led training about business plan monitoring processes for the staff of the Humanitarian Aid Center “Abkhazia” on business financial analysis, market research and other important issues and overall business risk
When considering the causes of startup failures, we should also consider the data from CB Insights, which found that 70% of tech startups failed. The failure rate is much higher than the consumer tech startups, with 97% of the companies failing. CB Insights has deeply explored
The culture of the company has a huge impact on the growth of finances and business, so we look into that. “Sometimes business leaders are so focused on the next big deal that they forget about protecting the company culture and their culture-enhancing
Color psychology is the study of colors about human behavior. It aims to determine how color affects our decisions such as the items we buy. So even if your products don’t necessarily tie to a niche, you can use color to help you attract a specific demographic. Marketing colors like red can capture attention.
The audit is managed like a project and involves different stages. The leadership of companies and those responsible for leadership play a crucial role at all stages. Acceptance / continuation of activity At this point, the auditor should investigate, obtain information and decide whether to continue.
What is account management? This is a crucial factor in the sales process. Good Account Manager can increase sales, attract customers, and expand the segment. The goal of the account managers is to connect with the customer. Account management starts after the service/product sales are completed.
When we produce a product, we must think about how competitive it is. We have to define the structure, evaluate the product’s weakness or strength. First of all, we have to define a competitive strategy. We are not just on the market. There are companies that have already begun to think about how to get
Outsourcing isn’t the only solution—and it isn’t just “for every company”. So if you are on the fence about whether or not to outsource your accounting, bookkeeping or controller functions. Consider that you might
Technology is evolving at a very rapid rate and as marketers or business owners. This means that you constantly need to be aware of the latest changes, developments and be prepared for artificial intelligence.
It’s every manager ’s nightmare. The day someone you’ve been investing in, mentoring, and coaching decides to fly the coop for greener pastures. We know this is inevitable. Our team members grow up, developing career paths.
Everybody knows that marketing and sales are important for an entrepreneur, but other factors need to be considered. After reading the article you will know all the lesser-known components that are important for successful business growth.
All managers are responsible for engaging the new employee in the effective performance of the company. No one has a bigger impact on new employees’ success than the managers who hired them.
To sell the product or service quickly and efficiently, you need to put yourself in consumer’s shoes and find out why you buy this product. In this article, we will use and look at things like the customer sees
When we talk about small businesses and their success, the most important factor is the knowledge of the activities, which will help us to save money. Make sure you are saving as much as possible when purchasing goods and services for your company.
In this article, you will learn about the programmer, Aaron Vegh’s career experience, which has changed his life completely. He has received significant and interesting challenges on the way to success. In the article he tells his own story:
It’s not uncommon for people to mistake their logo as their “branding,” but it is only one piece of your branding strategy. It’s a symbol that can provide consumers with the instant and powerful brand recognition of your business and the services or products that you offer.