Companies are always looking to streamline operations and cut costs. This often leads to employees wearing many hats – but where do you draw the line? Whether sales should get…
In brief, a letter of credit is a document from a bank guaranteeing that a seller will receive full payment, as long as certain terms and conditions have been met.…
Don’t confuse increasing sales with increasing revenue, while the two are related one does not guarantee the other. For most companies, the goal is to increase sales, but the real…
Conducting business overseas presents its own set of challenges and risks, but with a proactive plan you can decrease the risks and build valuable resources that can lead to a…
Small business growth can benefit from efficient access to capital, yet there are numerous challenges making it difficult for small business to secure such capital. Owners are often time and…
Researching how to fund a startup can be an arduous task. Many start the process by “bootstrapping”, which is the exact opposite of funding. It essentially means the entrepreneur uses their…
Most business owners grossly over estimate the value of their company. This is just one of many reasons companies for sale fail to secure a suitable buyer. Another reason is…
As 2014 comes to a close it is important to reevaluate your business model and consider the steps you need to take in the New Year to increase cash flow…
Unfortunately, fraud is something all businesses must think about and guard themselves from. According to Statistic Brain, seven percent of annual revenues are lost to employee theft or fraud and…
As security breaches and scams become more and more prevalent with the advancement of technology, it is more important for companies to protect against fraud. Extending credit to customers can…
Streamlining accounting departments can be a daunting task and more often than not the simplest approach is overlooked. However, keeping it simple is generally the best course of action to…
We hear stories of employees embezzling money from unsuspecting employers, but we never expect it to actually happen. Nathan J. Mueller, an employee in the reinsurance division of financial services…
