One day from these immaterial profits financial profit arises. That's theory. Propably you already read about this, but have you found a way to measure immaterial values of your business? It's not that difficult, but it needs some thoughts. First of all it is important to make a list of immaterial values which have most impact on business development. When this has been finished, methods to measure and valuate immaterial values have to be found.

And at last, values for all selected immaterial items have to be analysed regularly. Setting up such a Reporting System for immaterial values could be a long lasting task. You might try to do it with a spreadsheet program or with a database, but either way will take it's time. Using ready made Standard Software might be another option, but there are not much choices. In case you use Balance Scorecard, you might think having all data mentioned above and you might think having a good solution for analysation.

The Balance Scorecard has it's advantages, but for a short, fast and regular analysis of immaterial values it is far to complex and much to slow. There is just need to measure, store and analyse some data. About 30 items will be enough to have an overview of immaterial values and some material values as well. Most of necessary data are usually already stored in every business. They only need to be concentrated into one table and have to be analysed.

Are immaterial values important for every business? Yes. This includes big businesses as well as one-man-business, retail stores, mechanics, freelancer and so on. You may find more information on immaterial values in business management, when searching for Early-Warning-System, Early-Recognition-Sytems and something similar. You are able to find one or other immaterial value included in Management Methods, Ratio Systems and Financial Analysis. But still, most Reports and Measurement System are based on financial data.

A Solution which every business, no matter of size, could use, is abenetis ERS (Early-Recognition-System). It is called Early- Recognition-System, because with used immaterial values every business could be aware of tendencies in it's business development soon. At moment abenetis ERS is available only as Online-Service, but could soon be delivered as Intranet- Version, too. More details are available at our ERS-Subscription Page. ------------------ ARTICLE END ------------------

In identifying and attracting an angel investor, companies should seek angel groups that are located in their region. For instance, Tech Coast Angels have funded over 85 Southern California-based companies since 1997. When seeking individual angel investors, it is critical to network in order to create a personal connection between yourself and angel. Also, ideally individual has experience within your specific field so he/she can provide industry contacts and operational expertise in addition to capital.