Wed.Nov 01, 2023

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Revenue vs. Profit: Understanding the Difference and the KPIs that Matter

Accounting Department

Business owners strive to maximize their company’s profits. After all, profits are the primary metric of a successful business. However, not everyone understands the difference between revenue and profit, and why it matters for their business.

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Understanding Different Types Of Small Business Loans

Lendio

There are many different kinds of small business loans, making it essential to do your research before beginning any application process. Rushing the process is akin to walking into a paint store and telling the clerk you need a can of paint, any kind will do. You’d end up driving home with a new can of paint, but it’s unlikely you’d get the one needed for your specific job.

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B2B Sales Strategy: Where Buyers Say Sellers Are Falling Short 

TreviPay

As a seller, you want to be easy to do business with. That’s why you invest in your eCommerce experience and make sure you have the best sales and customer support teams in place – to make doing business with your company the preferred choice. But no matter how well you know your B2B customers, there are always pain points they don’t tell you. That’s why we partnered with Murphy Research to survey global business buyers to see where sellers are falling short.

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SBA Microloans: A Comprehensive Guide

Lendio

You might consider an SBA microloan if you’re trying to start a business or expand your current small business. These loans are available for $50,000 or less and come with low interest rates and flexible repayment terms. Before applying, however, it’s key that you understand how the program works and its eligibility requirements, as this information will help you determine whether or not an SBA microloan is the right choice for your business.

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How to Stockpile Food in Times of Shortage

Due

Having an emergency plan is more important than ever in today’s world. Among the ways to accomplish this is by stockpiling food. In other words, you should have food on hand if there is a shortage or disruption of the food supply. Why would you want to stockpile food? There are a number of reasons for this, including: Natural disasters. There are many natural disasters that can disrupt the food supply, including hurricanes, floods, earthquakes, and wildfires.

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Q&A with Phil Hobden

Know-It Global

The Know-it team is growing, and we are pleased to welcome Phil Hobden as Head of Growth and Strategy! We are very excited to have Phil join us and we asked Phil some questions about why he decided to be a Know-it-all. Here’s what he had to say: What were the deciding factors for you to join us? Honestly, it’s a combination of factors – I always look for a business with strong existing leadership who bring with them a track record of success – clearly something that Lynne has done wi

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10 key accounts receivable reports your business should track | Chaser

Chaser

The business world is going through rapid changes, and to keep pace with that, organisations must possess the right tools. For businesses to remain competitive in this digital economy, companies need to make strategic decisions based on data. One of the most important tools for decision-making is accounts receivable (AR) reports, as they provide critical insight into a company's financial standing, customers, and performance trends.

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Want an SBA Line of Credit? Here’s How to Snag One

Lendio

For many small business owners, navigating the landscape of funding options can be daunting. Amidst the clutter of commercial loans and private investors, a beacon shines bright—the SBA line of credit. A tool that promises a blend of flexibility and affordability, it is the hidden gem in the treasure trove of small business financing. If you’re on the lookout for a financial lifeline, read on to discover how to secure this desirable instrument for your business growth.

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Vanke in Talks With Banks Including ICBC, BOC for Up to HKD 8B Loans to Refinance Due 2024 Offshore Debt; Hong Kong Post Pandemic Economic Burst Slows

Reorg Blog

The post Vanke in Talks With Banks Including ICBC, BOC for Up to HKD 8B Loans to Refinance Due 2024 Offshore Debt; Hong Kong Post Pandemic Economic Burst Slows appeared first on Reorg.

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Insolvencies rising fast but is it a blip?

Cpcmcredit Blog

Business failures at the highest rate since 2009 is not exactly cheerful news but the question is whether its a pattern going forward or a temporary blip in the statistics? The insolvency bodies and firms who produce these statistics often back them up with their assessment of how many businesses are effectively insolvent or barely surviving anyway but then again it could be rather seen as akin to Funeral Directors gleefully warning about an outbreak of the Black Death or Ebola That maybe unfair

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What is generative AI and why should finance leaders care about it?

Chaser

Generative AI refers to deep learning systems that are capable of creating new content, whether it be images, music, or text. This differs from traditional AI systems, which rely on large datasets to make predictions and decisions based on patterns found in the data.

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Punishing failed bankers in Catalonia

Cpcmcredit Blog

I came across this rather interesting piece of history in Edward Chancellors excellent history of Interest Back in medieval times, failed bankers in Catalonia were beheaded right in front of the bank premises. Apparently there is at least one recorded account and it would certainly have brought an element of drama to underwriting I suppose it would also have livened up the high street Saturday shop.

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