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 […]
'FINANCE' Category
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 […]
“C” stands for Chief and by hiring a Texas sales consultant to help you sell your product to the chief, or senior level decision makers, you’re cutting out a lot of the sales cycle and going right to, as we just said, the decision maker.
A Texas sales consultant will go through your company’s objectives […]
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 […]
If you think that increasing sales is the only way to make a business more profitable, think again! Decreasing what you spend is as essential as increasing the amount you sell. From an office chair to an office building, every purchase you make for your business may be tax deductible. By knowing what purchases […]
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 […]
In today’s competitive business reality, companies must lower their operating costs and increase productivity just to survive. Yet, many companies are reluctant to upgrade their computer system, remembering their past experiences and not wanting to incur new expenses. The tools and technologies exist but a fear of change prevents some Manufacturers, Distributors and Retailers […]
Encouraging prompt payment is at the heart of good cash flow management. Conversely, late payments by your customers can make your business vulnerable as you risk getting into financial difficulties.
So how do you encourage prompt payment by your customers? Read our top tips below for some practical ideas.
Although of course you cannot guarantee that […]