Many small and medium sized enterprises in western countries are caught between the proverbial “rock and a hard place”. Economic pressures at home are forcing them to consider setting up in or at least sourcing from China, yet the Chinese market gets tougher and tougher to crack every year, in part because so many […]
'Financial Management' Category
To stay in business, companies large and small need to maintain proper cash flow. A lack of operating capital is one of the main reasons that businesses fail. Here are some suggestions on how to make sure your building, remodeling or repair business has enough cash on hand:
1. Bill Promptly - It’s easy to […]
With growing corporatization and commercialization in today’s fast moving world, it has become almost mandatory for all business entities to keep up with the pace of changes by improving on organizational efficiency. There are various ways of improving an organization’s managerial and market productivity. And one such sphere where companies are needed to be […]
Auto recurring billing enables businesses to automatically bill customers for balance due without sending invoices or obtaining payment information each any every time money is collected. With recurring billing programs businesses can utilize any electronic payment process including direct-debit ACH transactions and credit/debit card transactions. In addition, when businesses convert legacy payment systems to […]
This business financing strategy article will describe the importance of avoiding “problem commercial lenders”. The article will NOT name specific lenders to avoid, but key examples will be provided to illustrate why prudent commercial borrowers should be prepared to avoid a wide variety of existing commercial lenders in their search for viable business financing […]
There are two key aspects to consider in a business balance sheet, how efficiently it is funded (”Funding”) and how efficiently it is operated (”Operations”). Both are important but separate parts of a business; the bank overdraft is part of funding. Changes to funding arrangements do not impact on operating performance.
Traditionally accounting balance sheets […]
As more and more financial institutions embrace the concept of CRM, are they really improving their relationships with their customers, and is that improvement equating to dollars on the bottom line?
At the same time, while preparing for T+0, many financial institutions are attempting to provide better access to their stakeholders through Portals. How many […]
Being a retail consultant, there is a comment many business owners used. It is “I’m not giving away my inventory”. It is most common among store owners that business is in bad shape. It is too bad that most retail owners don’t understand about inventory. Inventory does two things. It eithers makes you money […]
A Companies Paydex score is its heartbeat. A small business owner should know the Paydex score of each entity they own.
Many people don’t even know that their business has a Paydex- because they have never looked! People in the real estate industry, for example, can have many different corporations- and each one would have […]
Did you know that the word “business” actually comes from the word “busy”?
Financial services sales offers us several ways of keeping busy. In fact, three types of activities fill everyone’s days - those which are income GENERATING, income CONSERVING and income CONSUMING. The challenge is staying focused on the right activities and in the […]