Advertising is critical to the success of any business. In order for your flower shop or pet store to bring in the earnings, you must be able to get people to drop by and make their purchases inside your establishment. This process can be a very tricky one as there are so many advertising platforms [...]
You do not need to be in business for long in order to pick up some bad debt. No matter how well you think you screen your customers, it is inevitable to find companies that even though you delivered an acceptable product or service to them, they either can not or will not pay your [...]
Did we really even have to mention it, but a major CFO survey, just released, stated that ‘Cash flow is Top Concern Priority for 2011′. When has working capital financing and working capital funding in general ever been more important? Let’s take a look at the Canadian situation and how you can solve some of [...]
Not long ago I heard about a company who got rid of their Employee Job Satisfaction (EJS) surveys. Boldly stated they found that job satisfaction was a semi-objective figure that didn’t quite fit anymore: employees seemed bored to fill in the list, it was not clear what to do with the exceptions (the 20 percent [...]
Starting a business can be a complicated and daunting process. This is especially true if you have decided to start a corporation or if you are interested in redeveloping your business into a corporation. While there are various different types of corporations you can classify your business as, one of the most common is the [...]
Choosing the right bank for your business is a very important decision which you will have to make. Indeed, when push comes to shove, they may be your main financial lifeline. For instance, you may need urgent additional funds to grow your business. Alternatively, you may experience a ‘cash flow crisis’ and will need to [...]
When you go into business for yourself you begin to discover just how important time management will be to your success. Whether booking meetings with clients or just scheduling time to prepare payroll, businesses owners have very tight schedules. While it may be common sense that you will keep a calendar when you are in [...]
Whether you conduct your business’ sales in person, online, or over the phone, you will want to feel secure about how your customer’s payments are being processed. Being able to accept credit cards as a form of payment is a huge benefit, and credit cards are probably the number one source of revenue, especially in [...]
The U.S. is considering changing their accounting regulations from the Generally Accepted Accounting Principals (GAAP) to the International Financial Reporting Standards (IFRS). An outline has been created by the SEC to convert the accounting system to a standardized international system. By doing so, many points of GAAP will be changed in order to make accounting [...]
When you embark on your new business there are several crucial areas of financial management that should be built into your overall business plans and your day to day operations. In this article we will look at a few of these areas which will hopefully make your business stronger financially and more competitive.Monthly Bookkeeping- Many [...]
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