Today, investors need professionals who act on their behalf at the time of investing in the markets in which they intend to enter. That is why they demand, with increasing force, security guarantees not only legal but also of quality and professionalism in the financial advisory service.

Thus it is established that to provide the financial advisory service must be independently registered with the CNMV. Among the requirements set down for such registration have experience in financial advisory and investment specific training. This last point is particularly relevant to the EFA to be recognized accreditation for this requirement by the CNMV.

The fundamental objective of the training program is needed to achieve EFA Accreditation, which certifies the professional competence to carry out duties of board, management and financial advice to individuals in private or personal banking, financial services oriented to individual client and any professional function banking, insurance or independent, involving the supply of an integrated service of advice and financial assets.

Obtaining this certificate must be made through the EFPA (European Financial Planning Association), preferably by conducting a single investigation of any matter required. Therefore, the implementation of the program provides students with the skills necessary to act as financial advisor, and allow them through knowledge and acquired skills, be able to design and implement an investment plan to their customers.

A growing company can have a great hunger for liquidity to finance growth. WalMart was for years a growing company with negative cash flows (to finance growth). Do not let you leave without liquidity growth by surprise. No matter how well you can not go running out of cash on hand.

If you need external funding to provide capital, looking for professional investors and investment funds. Far better to have outside investors professional individuals.

Hire an auditor and audit your company every year. No matter how small your business, the discipline of the annual audit discipline throughout the accounting team.

There is nothing wrong with having the money earned in the company box. Microsoft spent decades accumulating unpaid dividends and liquidity for expansion. The money in the box gives you capacity for growth.

Controls the time limit for payment of your customers and do not hesitate to call the deadline as many times as necessary. Many companies pay the most persistent first.

Customers are paying. If someone uses your services and does not pay, not a client, is a burden to your business. Get rid of the ballast as soon as possible.

From the beginning you have to be clear you want to do with the company long term because your financial decisions and your operations are very different as you want to) sell to a third party, b) go public or c) keep the business you’re riding. If you want to leave your company “the children of your children” do not seek venture capital, for example.

A common mistake of entrepreneurs is to think “I need the money within two years, I’ll look in 12 months.” Investors have their own plans and timetables. Get the money when the investors / buyers are willing to invest or consistent with its strategy and not when you need it.

But problems do not end here. As companies in their quest for growth through innovation and increased productivity are able to grow, but the process left in the way companies less innovative, less competitive, with products and services more expensive and of lowerquality that the winning company. The company, the winner, out of the market to the company losing. This process has the name of the process of creative destruction, the new company creates a new process or system and destroys another company. As investors, we will not only be analyzed when there are positive economic cycles, but also in this series the winners of this process of creative destruction.

The same can be applied to real estate investment. First, the cycles have much influence on the real estate cycle. That is, when the economic cycle is positive, the real estate cycle is very positive and vice versa. Therefore, it is vitally important to predict the cycles when it comes to predicting the real estate cycles. Second, the process of creative destruction also occurs in real estate investment. The most innovative and creative investors move to more rustic investors. Let’s see an example to better understand this point. Five years ago began construction in Buenos Aires buildings with what was called amenities, this meant buildings with very interesting additional services such as gyms, sauna, cinema, swimming pool and many more services. These buildings, through which differed from the rest might have a selling price much higher than other buildings.Therefore, were the winners of the process of creative destruction and buildings with no amenities were the losers in the process of creative destruction.

Therefore, the key decision-making process in a capitalist economy:

Detect trends and take advantage of the cycles (economic, stock market, real estate) and within the trend to detect the winners of the process of creative destruction

If we as investors we perform these activities successfully managed to multiply our money in a sustained manner. Of course, it is very easy to say and very difficult. Large global investors have full teams of economists trying to predict these two variables. Ever been achieved and others less so. But this does not mean we have downplay these two facts.

Often simply knowing the rules of the game allows me to make investment decisions much more efficient with our savings.