Sat.Jun 17, 2023 - Fri.Jun 23, 2023

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Running Your Business From Home: 9 Ways To Save Money

Due

Does it seem like everyone these days has a home-based business? You’re half right. About 50% of businesses are run from the founder’s primary residence. If you’re one of those intrepid entrepreneurs, congratulations. You’re already saving money by not paying rent for an office space or a daily commute. However, you can’t afford to leave other dollars on the table.

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Managing Credit Risk to Maximize Revenue in Tough Times

Your Virtual Credit Manager

Small businesses are under a lot of pressure. Lacking the resources and resiliency inherent to most larger enterprises, smaller concerns tend to experience much more turbulence when economic headwinds build. It is therefore no surprise that small business owners’ top economic concerns are inflation, recession, commodity prices, the U.S. political environment, and interest rates in that order.

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Complete Guide To Credit Control For Business

Know-It Global

Download this guide as a pdf as well as our other resources for free here ! Credit control is a vital aspect of financial management for businesses. It involves managing credit sales and making informed credit decisions, ensuring timely payment from customers, and minimising bad debt. This guide provides a comprehensive overview of credit control practices and strategies that your business can implement to mitigate credit risk, reduce debtor days and boost cashflow!

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How to Collect Outstanding Invoices Faster With Better Dunning A/R Collections Templates

Gaviti

Effective communication is the most critical aspect of any A/R collections strategy. It begins before delinquency and even before sending a single invoice. That is why standardizing communications is indispensable, and templates provide the tool for companies to do so. But how do you create outstanding invoices and follow-up notices that convert bills into cash?

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Insurance On Electric Cars: What Buyers And Owners Need To Know

Due

There’s perhaps no better time to buy an electric car as the widespread popularity of electric vehicles (EVs) and hybrid-powered cars are becoming more mainstream on the back of increasing automobile competition. All this competition has meant that soon-to-be buyers and those in the market for a cleaner and more sustainable vehicle have more options to choose from than ever before.

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Business Operations: How to Identify and Resolve Blockages in 2023

The Red Spectrum

Efficient workflows are essential for sustainable growth and success in business operations. However, obstacles and blockages can hinder progress and productivity. To maximize business potential, it is crucial to promptly recognize and resolve these bottlenecks. This article provides actionable insights and strategies for identifying and overcoming such challenges.

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How to Create a Small Business Marketing Budget

Lendio

Marketing is essential for any business, but it can really help small businesses increase engagement and build a larger customer base. Contrary to popular belief, effective marketing doesn’t have to be very expensive. In fact, more than 71% of small businesses decide to do their own digital marketing. Even with a limited marketing budget, small businesses can start marketing campaigns right away to generate leads and drive sales.

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Aging and Retirement

Due

My grandmom used to say that she wished that she came up with the following bumper sticker; “Getting old sucks!” In all fairness, she’s not the only person to ever make that proclamation. As we get older, simple tasks that we used to take for granted become more of a chore. Things like laundry, going to the store, or just getting out of bed in the morning without excruciating pain are just a handful of examples.

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FREE Disputed Invoice Management Toolkit

Credit Management Group UK

Following in our series of Useful Toolkits our Dispute Management one has proven to be one of the more popular. A disputed invoice can cause havoc within any business when trying to find resolution without the correct procedures in place to deal with it effectively. How well you handle a dispute can have significant impact on your customer relationship further down the line.

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FP&A is More Than Just Traditional Accounting

Accounting Department

Every savvy business leader knows the value of having a well-run bookkeeping or accounting department. But, not everyone is aware of how important it is today to have a financial planning and analysis (FP&A) team to help back their business with effective and accurate financials. While both accounting professionals and FP&A team members guide executive decision-makers and improve an organization's financial health, each one serves a different, critical function within the company.

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Bad debt expense formula | Definition & Calculation

Chaser

Did you know that the average amount of bad debt amongst UK SMEs has risen by a staggering 61% in the last year? Businesses are now writing off an average of £16,641 as unrecoverable yearly.

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Why Capricorns are Amazing with Money, How to Mimic Their Financial Habits?

Due

Do you fancy saving money like a Capricorn or being methodical in money handling just like them? Just in case you didn’t know, Capricorns are amazing when it comes to money! Well, if you repent belonging to another zodiac, this article will help you cultivate the same financial habits just like a Capricorn. We have discussed the healthy money-handling habits that make Capricorns superior at finances.

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Data warehousing: Considerations, drawbacks, and data platform alternatives

Abrigo

A unified data platform helps banks organize without the headaches Abrigo Connect offers an alternative to data warehousing that lets financial institutions more easily put their data to use. You might also like this on-demand webinar on the new CFPB small business data collection rule Watch Takeaway 1 Banks and credit unions often face challenges implementing data warehouses and are not pleased with the result.

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Spend Management: Tips and Strategies for Effective Cost Control

Accounting Department

Every business faces a variety of major accounting and spending-related challenges. Chief among them — how can a business keep its spending to a minimum while still ensuring that they invest in growth areas and achieve its business goals?

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How to Handle Clients That are Out of Scope

Enterprise Recovery

When it comes to dealing with B2B clients, it's important to approach any potentially negative situation with a proactive mindset. When you understand why clients may ask for more than your agreement, you can better anticipate and prepare for potential roadblocks. Whether it's negotiating with clients to find a mutually beneficial solution or knowing when it's time to end the relationship, there are strategies you can use to ensure a successful project outcome.

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What Happens to the Stock Market During a Recession?

Due

As inflation continues to put pressure on household budgets across the country, it’s not surprising that many people are worried about the potential impacts of a recession. However, the National Bureau of Economic Research (NBER) hasn’t officially declared that the U.S. economy is in a recession. Nevertheless, fears of a recession have been circulating for over a year.

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Developing and Executing a Business Plan

Inc. Authority

Developing and executing a business plan is a crucial step in starting and running a successful business. A well-written and carefully executed business plan serves as a roadmap for the company’s success, providing a clear direction for its growth and … Continue reading → The post Developing and Executing a Business Plan appeared first on Inc Authority.

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Small Business Ideas for Summer 2023

incfile

Each of the four seasons brings its own wave of pop-up businesses with fresh earning opportunities, but there's just no time like summertime. Consumer behavior shifts when the sun is out — kids and adults alike get to enjoy a well-deserved holiday, and that means folks are spending. Take advantage of this lucrative time of year with these summer business ideas for 2023.

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How to Write Ad Copy For Google and Facebook Ads

Lendio

If you’re diving into the world of online advertising on platforms like Google or Facebook, one thing is certain: captivating ad copy is key to attracting and engaging potential clients. In this article, we’re going to teach you how to write an ad by being your guide, sharing invaluable insights, and providing practical tips to optimize your ad copy.

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Five Effective Ways to Foster a Culture of Emotional Intelligence in the Workplace

Due

Intelligence has a new dimension in contemporary times. Intellect is no longer limited to academic excellence and business acumen. Today, to be successful, you also need emotional intelligence along with IQ. In fact, in the times to come, emotional intelligence will be an essential prerequisite for employees and employers. EQ’s idea in the workplace has gained of late is set to increase manifold in the coming years.

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Managing Cash Flow for Your Business

Inc. Authority

Strategies for Success Managing cash flow and finances is a critical aspect of running a successful business. Proper cash flow management ensures that your business can meet its financial obligations, seize growth opportunities, and maintain a healthy financial position. In … Continue reading → The post Managing Cash Flow for Your Business appeared first on Inc Authority.

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Trinseo’s Refinance 2025 Bonds With 2L Debt Limited by Credit Agreement Secured Debt Capacity

Reorg Blog

Relevant Items: Covenants Tear Sheet, Debt Document Summaries Trinseo Debt Documents Last week, Reorg reported that Trinseo’s 2025 bondholders are working with Perella Weinberg Partners and that certain lenders are working with Evercore.

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What is a Value Proposition and How to Write One

Lendio

A value proposition is a statement that describes how your business benefits your customers. It’s typically a customer-centric statement featured on your website and can be a significant part of your marketing. Your value proposition tells your customers what pain points your product solves and how it will benefit them. Why is a Value Proposition Important?

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10 Spending Habits Impacting The Future of Your Retirement

Due

Today’s actions determine our future. This is true for many areas of life. In particular, for financial reasons. Bad money habits make people unable to afford to retire. However, this can be avoided. It is enough to get rid of habits that have a negative impact on the financial situation. By starting to make the right decisions now, you will ensure your own secure future.

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A Recovery in Aircraft ABS Appears To Be Taking Flight

Loomis Sayles Credit Research

We believe fundamentals in the aircraft industry are in the midst of a strong recovery. Global passenger demand increased dramatically over the past year as COVID-19 restrictions loosened and consumers satisfied their urge to travel. However, continued production bottlenecks have hampered new aircraft deliveries. The low supply and high demand for planes have driven a pickup in aircraft values and leasing income.

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Trinseo’s Ability to Refinance 2025 Bonds With 2L Debt Limited by Credit Agreement Secured Debt Capacity; Serta-Style Uptier Transaction Is Likely Possible

Reorg Blog

The post Trinseo’s Ability to Refinance 2025 Bonds With 2L Debt Limited by Credit Agreement Secured Debt Capacity; Serta-Style Uptier Transaction Is Likely Possible appeared first on Reorg.

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How to Develop Your Email Marketing Strategy

Lendio

Is your small business ready to start email marketing? Great idea—email offers $36 in ROI for every $1 spent. It’s an important point of contact that, unlike many other channels, isn’t regulated by ever-changing algorithms. However, it’s important to establish a strategy before diving into email. This guide will help you get started. Creating Your Email Content Strategy Even if you already have a lot of ideas for your email campaigns, it’s important to establish a strategy before you start sendi

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What to Do with Your 401(k) During a Recession?

Due

There’s been a lot of press in the last year dedicated to asking whether or not we’re in a recession. Because the National Bureau of Economic Research (NBER) calls recessions retroactively, we could be living in one now and not realize it. Many experts still maintain that a recession will be announced in 2023, though we have yet to see how severe it will be.

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Scottish fintech launches credit management platform to support business community

Know-It Global

ONE OF Scotland’s fastest growing fintechs, Know-It, has unveiled a new service in its cloud-based credit management platform designed to revolutionise the accounting industry. Founded by Lynne Darcey Quigley, the new platform service offers accountants an opportunity to grow their practice, assist more clients in minimising credit risk whilst receiving payment rapidly and provide them with the flexibility to offer it as a comprehensive solution, managed by an accountant, or to resell it to thei

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Collection Scenario

Credit Tools

Late payments or deadlines monitor credit and reduce the risk of bad debts. Reminding customers of their financial obligations promotes prompt payment, cash flow and reduces credit risk.