Abstract. The article is focused on the pressing and debatable challenge of venture capital business -the valuation of the company aimed to ensure the process of "buy-back" in the preparation of the agreement on the financing of start-ups in the Russian Federation. Exactly this stage of venture project evaluation occurs to be the most arguable among investors and founders of the company, because up to 40% of transactions fail at this stage. The materials of the article provide a set of simple methods to assess the value of the company, which is actually feasible in the early stages of design. The article considers the overall situation of development in recent years and the classification of the main types of external venture business in Russia, depending on the financial resources discussed to justify the proposals. The proposals are based on the experience of the authors in the field of business planning innovative projects and analysis of small innovative enterprises schemes based on investment stages. In the article, there is an example of economic indicators monitoring and calculation on start-up of special modules of electric systems, working in the construction business.
The methodology and basic elements of the business process of one-stage economic assessment of organizational projects for personnel management at Russian enterprises are presented. The aim of the study is to analyze and develop clear criteria for assessing the effectiveness of projects and improving personnel management systems for enterprises of different industries and types of activities. The economic and financial assessment of projects aimed at the development of personnel management systems is based on the general methodology for the commercial assessment of projects, which is presented in the so-called United Nations Industrial Development Organization (UNIDO) methodology. The article proposes the resulting model “maximum costs of the HRM”. The features of the proposed methodology are based on the assumption of future digitalization and are associated with the need for a preliminary calculation of the maximum possible project costs, localization of the projects under consideration at existing enterprises, and the mandatory separation of project goals for increasing sales or reducing the number of personnel. In accordance with the different objectives of the projects, a certain order and special indicators of decision-making are proposed. Companies with a different structure of costs could be assessed via the proposed model and the results presented in the article. The model allows us to create an information base for reasonable decision-making on HR management (HRM) projects and future digitalization of settlements.
The introduction of high-tech solutions leads to a change in the format and content of almost any work, as well as a rethinking of approaches to staff planning. There is a need for a special financial and economic analysis of the object and preparation of key financial indicators standards for business planning. This calculation is based on the results of an external financial analysis without taking into account planned changes in the personnel of the enterprise and options for increasing labor productivity. The goal of the research is to propose a methodology and apply in practice for external financial analysis and calculation of the regulatory budget, taking into account the forecast of personnel changes and growth in labor productivity. To develop a business plan for the withdrawal of the enterprise from the crisis, it is necessary to have a regulatory framework for planned financial and economic indicators of the company’s development. The article proposes a methodology for the development and monitoring of such indicators in the form of a “normative budget, taking into account the forecast of personnel changes and productivity growth”, tested by the authors in real situations. The authors recommend the development of a regulatory budget for this on the basis of the monitoring model “to cover the necessary net profit and dividend payments, taking into account the forecast of personnel changes and growth in labor productivity.”
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