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  • Actual for You - Ten Ideas to Enhance Cash Flow

    Barter - The Service Business Solution to the Post-Holiday Slump
    Is your business in a post-holiday slump? It happens every year; service companies face a dip in business as consumers tighten the purse strings to compensate for holiday spending. Coupons may help bring in some business, but they can only do so much to improve the bottom line. So how do you keep your business in the black during the first months of the year? Try barter; it’s a great way to build your business, attract new customers, and fill downtime during slow months.Barter is a way to effectively market your business. A new customer acquired for a barter transaction c
    an opportunity to delay paying you. Furthermore, be very specific about the payment terms and stick to them. If you expect payment in 30 days, say so; and detail what happens if you are not paid. Do not fear losing business! If you are not now getting paid for work you
    One of the Productivity Roles of an Advisor
    The advisor is productive in a variety of ways. Different advisors -- either internal or external ones -- will dedicate their time according to a certain preference. Communication is said to be one of the most important skill of the advisor. He communicates with the sponsor about the problem and with the (other) stakeholders about their view on the issue and additional requirements.During this communication process -- which is not a continuous process -- the advisor prepares for his or her “verdict;” this verdict should be prepared with a set of arguments that serve the s
    Managing cash flow is what separates good companies from the truly successful ones. Indeed, your ability to monitor the cash flow of your business can be the vital difference between profit and loss.

    Here are 10 ideas to enhance cash flow:

    1. Assess Your Risk Up Front


      When you do work without being paid up front, you are extending credit. Discuss your billing procedures with your customers up front. "We expect payment in 30 days; is that a problem?" If it is, you need to know ahead of time and make an informed decision about whether you really want to loan your new customer money.


    2. Bill Immediately


      Customers do not pay for what they have not yet been billed. Although many owners believe they have efficient billing procedures, our experience is that delayed billing is a primary cause of poor cash flow. You cannot bill soon enough!

    3. Bill Thoroughly


      Confusing bills provide your clients with an opportunity to delay paying you. Furthermore, be very specific about the payment terms and stick to them. If you expect payment in 30 days, say so; and detail what happens if you are not paid. Do not fear losing business! If you are not now getting paid for work you h

      Problem Solution: Global Communications Corporation
      Global Communications feels the pressures of the industries with trying to keep up with its competitors and watching its stock prices fall. Yet the stockholders are giving them a lot of pressure to correct the problem. They need to offer better services than what their competitors are providing to their customers. This paper will discuss the background, the problem, the end goals, alternative solutions, risk assessment, the optimal solution, and lastly the implementation plan.Situation Background (Step 1) The entire telecommunications industry has fallen into hard
      Assess Your Risk Up Front


      When you do work without being paid up front, you are extending credit. Discuss your billing procedures with your customers up front. "We expect payment in 30 days; is that a problem?" If it is, you need to know ahead of time and make an informed decision about whether you really want to loan your new customer money.


    4. Bill Immediately


      Customers do not pay for what they have not yet been billed. Although many owners believe they have efficient billing procedures, our experience is that delayed billing is a primary cause of poor cash flow. You cannot bill soon enough!

    5. Bill Thoroughly


      Confusing bills provide your clients with an opportunity to delay paying you. Furthermore, be very specific about the payment terms and stick to them. If you expect payment in 30 days, say so; and detail what happens if you are not paid. Do not fear losing business! If you are not now getting paid for work you

      How To Establish Trust, Credibility and Enthusiasm To Your Interviewer
      If you use your voice to get attention, you use your eyes to hold attention. People tend to believe you, trust you, and listen to what you say if you are looking at them.Direct eye contact is not just preferable; it is essential to effective private conversations and public addresses.In most cultures, the act of looking someone directly in the eyes is a symbol of sincerity. Failure to meet another person’s gaze when speaking implies disinterest, lack of confidence, insincerity or shiftiness. The same psychological associations are found in public speaking.time and make an informed decision about whether you really want to loan your new customer money.


    6. Bill Immediately


      Customers do not pay for what they have not yet been billed. Although many owners believe they have efficient billing procedures, our experience is that delayed billing is a primary cause of poor cash flow. You cannot bill soon enough!

    7. Bill Thoroughly


      Confusing bills provide your clients with an opportunity to delay paying you. Furthermore, be very specific about the payment terms and stick to them. If you expect payment in 30 days, say so; and detail what happens if you are not paid. Do not fear losing business! If you are not now getting paid for work you

      Change Management Issues in the Truck Wash Business
      In a truck wash business it appears that many managers come and go and this means there is always a turnover problem with employees when a new manager comes into play. These issues are serious because many of the truckers who stop at the truck wash are use to having the same crews and the same teams, which means the same quality of work and the same service.Unfortunately thanks to the dynamics of the industry and changing of hands; change management is always an issue as truck wash owners and truck wash chains play musical chairs. The larger truck wash chains often have
      they have efficient billing procedures, our experience is that delayed billing is a primary cause of poor cash flow. You cannot bill soon enough!

    8. Bill Thoroughly


      Confusing bills provide your clients with an opportunity to delay paying you. Furthermore, be very specific about the payment terms and stick to them. If you expect payment in 30 days, say so; and detail what happens if you are not paid. Do not fear losing business! If you are not now getting paid for work you

      Finally - The Truth About The Unhappy American Worker
      Why do 80% of Americans hate their jobs? It is a question that is asked by employers quite often and is answered by the American worker every minute of every hour of every day. There are several reasons that quickly come to mind - we have to work too many hours per day, too many days per week, the pay stinks, the people that we work with are incompetent - just to name a few.Does any one remember the theory (back in the 50s and 60s, I think), that stated that if the current trends continue the average worker will work 3-4 days per week; 6-8 hours per day. Whatever happe
      an opportunity to delay paying you. Furthermore, be very specific about the payment terms and stick to them. If you expect payment in 30 days, say so; and detail what happens if you are not paid. Do not fear losing business! If you are not now getting paid for work you have done, what is left to lose?

    9. Make Paying Easier


      Do you accept credit cards? If not, it is time you evaluated this opportunity. Do you enclose a postage-paid return envelope with your bill to expedite payment? Have you considered offering discounts for prompt payment? When we work with clients, we look at every aspect of their billing process.

    10. Collect Your Bills


      Receivables are loans your company provides to your customers or clients. Unless you really want to be a banker, develop a protocol for your collection effort that begins the moment a bill leaves your company. History has demonstrated that the lack of a well-developed collection protocol is the primary cause of poor cash flow.


    11. Cut Unnecessary Expenses


      Reduce the cash that is going out. Carefully examine your fixed expenses. Look at your utility bills and implement a conservation program. Re

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