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Actual for You - China Media Booms
Accounts receivable factoring refers to a process in which you can sell your invoices to a financing company for a rate, less than the face value of the invoice sold.The responsibility of collecting cash against the outstanding receivables lies with the financing company, who then makes a profit by collecting the funds at the face value of the invoice. The advantage of this arrangement is that a firm can receive instant cash, which was otherwise tied up in inventory, to further expand the business.Again, the responsibility of collecting the cash against the invoices lies with the financing company. To collect the cash, the financing company needs to keep the outstanding receivables as current, and then work out a time line to collect the cash. Also, it is very important to keep a track or record of all communications that took place between the financing company and the customers. This can be done by keeping records of copies of letters, notes, date and time of phone calls and the name of person contacted.The company first sends a friendly reminder letter to the customer to remind him that the date of the invoice is past due. In addition to sending a formal reminder in the form of a letter, the company also contacts the cust
So in this environment how can Australian companies effectively get their message across and plan marketing communications strategies in China?
The first thing to understand is how compan
What is the risk?Key control, or more accurately the lack of key control is one of the biggest risks that businesses or property owners face.Without a key control system you cannot be sure who has keys or how many keys they have to your property. Not having a patent controlled key system leads to unauthorized key duplication, which leads to unauthorized access to your property or employee theft.Most key control systems utilize patented keys and or cylinders, these lock cylinders employ very precise locking systems that can only be operated by the unique keys to that system. Because the cylinders and or the keys are patented, the duplication of keys can only be done by factory authorized professional locksmiths.The key blanks and lock cylinders are made available only to those same factory authorized professional locksmiths. Procedures may be in place to allow you to contract with another security professional, should the need arise.The control can be at the locksmith dealer level, at the distributor level, or at the manufacturer level.All high security key control systems require specific permission to have keys originated or duplicated. These procedures assure the property owner or manager that they wil
In just, 10 years, the media in has exploded. But it is still heavily regulated and owned and controlled by the state run Communist Party. Most local media is pro-China in its content and style and is used as a tool for control and influence over the country's huge population.
There are also limits on foreign journalists - where they can travel and to whom they can speak. Overseas media regularly have their offices screened and their activities are closely monitored.
Taiwan, Tibet and human rights issues are strictly off the editorial agenda.
Despite this, consumerism has well and truly arrived in China. There's now an increased sophistication in the market - and marketing communications, brand management and reputation building have become big business.
There is no such thing as privately owned media in China - and foreign companies are restricted. Consumerism is driving up advertising revenue. The dominant Chinese television network, CCTV is said to earn a total of 1 billion yuan or A$200 million a year.
So in this environment how can Australian companies effectively get their message across and plan marketing communications strategies in China?
The first thing to understand is how compani
Business Owners tend to identify themselves with their business. They show pride in the name, the function and the growth of their business. After all, it’s their ‘baby’. But there are three important reasons why your business and you should not be so closely identified: (1) Protection, (2) Privacy and (3) Capital Growth.Protection is Most Important.Millions of business owners make a splash about letting the world know that they and the business are essentially ‘one and the same’. This is often seen in the number of ‘Sole Proprietors’ out there who set up shop with a business checking account, some business cards and a fictitious business name (‘DBA’ or ‘doing business as’) filing with their County clerk. The risk, of course, in being a Sole Proprietor is that you and the business are legally ‘one and the same’ and thus all of your personal assets are at risk in the event of a business reversal or a lawsuit.By protecting your business inside of a legal entity, you are taking a step in the right direction to separate you and the identity of the business. Corporations and Limited Liability Companies are two much better ways to organize your business. For years, corporations have been ‘top d
In just, 10 years, the media in has exploded. But it is still heavily regulated and owned and controlled by the state run Communist Party. Most local media is pro-China in its content and style and is used as a tool for control and influence over the country's huge population.
There are also limits on foreign journalists - where they can travel and to whom they can speak. Overseas media regularly have their offices screened and their activities are closely monitored.
Taiwan, Tibet and human rights issues are strictly off the editorial agenda.
Despite this, consumerism has well and truly arrived in China. There's now an increased sophistication in the market - and marketing communications, brand management and reputation building have become big business.
There is no such thing as privately owned media in China - and foreign companies are restricted. Consumerism is driving up advertising revenue. The dominant Chinese television network, CCTV is said to earn a total of 1 billion yuan or A$200 million a year.
So in this environment how can Australian companies effectively get their message across and plan marketing communications strategies in China?
The first thing to understand is how compan
Real estate prices have sky rocketed in recent years all over the country, and in most states the average home price is higher than the median income in some areas. Every buyer wants to find affordable real estate, whether it is a new or used home, a foreclosed property, or an estate being sold through probate. No one wants to be house poor, which is why now more than ever, there is a great demand for properties that won’t break the bank for the buyers. Interest rates are higher now than last summer for instance, which is also a contributing factor facing sellers and buyers alike.Higher interest rates raise the total amount of the loan, and variable rate mortgages can be risky for some consumers. It is always beneficial to consult the professionals at lending institutions, as well as real estate agents, for information regarding loan types, qualifications, interest rates, special buyer incentives, etc. The more buyers and sellers educate themselves about the market, the more comfortable they well be in their final decision.For many people wanting to be homeowners, finding affordable real estate can be difficult based on their level of income. Many new and used home prices have risen dramatically in the past few years, while incomes
Taiwan, Tibet and human rights issues are strictly off the editorial agenda.
Despite this, consumerism has well and truly arrived in China. There's now an increased sophistication in the market - and marketing communications, brand management and reputation building have become big business.
There is no such thing as privately owned media in China - and foreign companies are restricted. Consumerism is driving up advertising revenue. The dominant Chinese television network, CCTV is said to earn a total of 1 billion yuan or A$200 million a year.
So in this environment how can Australian companies effectively get their message across and plan marketing communications strategies in China?
The first thing to understand is how compan
As a newbee to eBay I sold a LOT of things. I looked around our farm and I found a TON of stuff that I was interested in getting rid of. Old metals, seeds, wood, cattle, dogs, wife...(well, truth is she got rid of me first, but that's another story..)But you know, after awhile I got tired of the hassle of packaging and posting everything. Then one day I was looking at a piece of metal called brass shim stock and a bell went off inside my head! You see, brass shim stock is mostly used in machine shops to adjust tooling, but I remembered my grandmother using it to make decorations. And I was off to the races!I found a supplier on the internet and got a very good deal.. Then I placed an auction on eBay and crossed my fingers and SURE ENOUGH, it started selling like hotcakes. I was contacting my supplier several times a day, giving instructions on where to send the stuff. I was VERY excited! And then something unexpected happened...I got an email from an irate customer! He complained that what I had sent him was NOT as my auction described. (dang it!) It seems that when I posted the auction I described the dimensions as "100' by 6'" ...I had misplaced a semi-colon with a colon. The long and short of it was that what I had sent hi
There is no such thing as privately owned media in China - and foreign companies are restricted. Consumerism is driving up advertising revenue. The dominant Chinese television network, CCTV is said to earn a total of 1 billion yuan or A$200 million a year.
So in this environment how can Australian companies effectively get their message across and plan marketing communications strategies in China?
The first thing to understand is how compan
A potentially profitable business can fail because of poor management of cash flow. Equally, an unprofitable business can enjoy a period in which is has plenty of cash before the bills arrive!Cash flow and profits are two very different concepts:- A business makes a profit if, over a given period of time, its rebenue is greater than its expenditure. A Business can survive without making a profit for a short period of time, but it is essential that it earns profits in the long run.- Cash Flow relates to the timing of payments and receipts. Cash flow is important in the short term as a business must pay people and organisations to whom it owes money.Unless a business manages the timing of its payments and receipts carefully, it may find itself in a position where it is operating profitability but is running out of cash regularity. This could be because it is forced to wait for several months before receiving payment from customers. In the meantime, it has to settle its own debts.Why do businesses forecast cash flows?Businesses undertake cash flow forecasting for a variety of reasons:1) To make sure that they do not suffer from periods when they are short of cash and are unable to pay their debts by f
So in this environment how can Australian companies effectively get their message across and plan marketing communications strategies in China?
The first thing to understand is how companies will have to work in a very complex and constantly changing regulatory environment.
"China is very conscious of reforming its media and has some relatively progressive thinking internally about where to take it," said Gary Davey CEO of Star TV in Hong Kong. "But it's going to take a very long time because they are equally sensitive about the importance of control."
An older generation of bureaucrats still sees the media, and television in particular, as a propaganda device and any attempt to reform it into a commercially driven business raises great suspicion amongst the Chinese leadership.
In the past the News Corporation owned STAR TV has upset Chinese authorities and Davey is quick to point out the sensitivities of the Chinese marketplace, especially when it comes to cultural differences.
"You might be able to run a successful State-run security operation by trying to force your own cultural values down someone else's throat, but you certainly can't run a business doing that."
STAR TV has had to develop strategies that fit these realities. "We've created new companies with Chinese partners to play a part in the evolution of the policy," Davey said.
The days of handing out long red envelopes filled with cash to jour
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