Sat.Jun 24, 2023 - Fri.Jun 30, 2023

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How Factoring Saved a Business

Sky Business Credit

Joe’s* business performs collections of past-due utility bills for a large city. It’s a straightforward gig: the city tells him exactly how much they’re going to pay him they tell him when they’re going to pay him his only expense is payroll Unfortunately, Joe consistently had a 10-14-day shortfall between payment and payroll. For years , he and his bank managed this mismatch through overdrafts.

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Business Customer Personas: A Collectors Guide

Your Virtual Credit Manager

Just like people, business customers come in all shapes and sizes — personalities, too. Some business customers are easy to deal with, others not so much. Some customers buy from your firm on a regular basis, other infrequently. Some have good credit, others are clear risks. Some pay promptly, others pay intermitantly, and still others you have to chase down every time.

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The Prohibitive Cost of Senior Care and How to Fund It

Due

If inflation has taught us anything, it’s that household budgets must leave room for higher prices. Two years ago, you may have been covering your living expenses easily. And today? You’re paying 10% or 12% more for groceries and services, but your income maybe grew 5% — if you are lucky. This dynamic of rising costs coupled with slower-growing income becomes more extreme in your senior years.

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What Are Unsecured Creditor Claims

Know-It Global

Here at Know-it we help you uncover a potential cashflow catastrophe before it happens, thanks to our unsecured creditor claims data. This information is so valuable and will save you the stress of potentially losing out on being paid for invoices you’ve raised. So, what are unsecured creditor claims? Unsecured creditor claims identify which of your customers have suffered financial losses as a result of their own customers going into liquidation or administration.

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S Corporation vs. Sole Proprietorship | Incfile

incfile

Many small business owners struggle to differentiate and decide between an S Corp vs. a sole proprietorship. It doesn't have to be complicated, though.

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The negative impact late payments have on the construction industry | Chaser

Chaser

The construction industry was hit hard by the pandemic, and, despite the hard work that businesses across the UK have put into their recovery and continued existence, it's clear that they are now facing another massive crisis, late payments.

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Lordstown First Day Hearing

Reorg Blog

Judge Mary Walrath generally granted the first day relief sought by the Lordstown Motors debtors on a largely uncontested basis at a first day hearing this afternoon.

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Choosing Your Business Name: 9 Mistakes to Avoid | Incfile

incfile

Your business name makes a huge difference in how you brand yourself. Get it right, and you’ll create a strong identity you can apply to your products and services. Get it wrong, and potential customers might forget it easily or choose not to buy from you.

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FAQ on Credit Control: Prioritising Collections

Credit Management Group UK

What advice can you give me with regards to asking for money? I’m sure I’m owed lots of money but I send so many invoices, that it is becoming increasingly hard to chase them all? The trick is to know how to plan invoice collection. Use the Pareto Principle (80-20 rule); that is, often 20% of your customers will account for 80% of the overall money owed to you.

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18 Unbeatable Benefits of Using Business Process Automation

Accounting Department

Business Process Automation (BPA) is used for operations in production workflows, accounting systems, data management, customer service processes, and even sales funnel coordination. Forms of BPA have become indispensable in industries such as manufacturing, banking, telecom, shipping, stock trading, food production, and many others. NetSuite is a software solution that offers many superior benefits for businesses that make the transition to automated processes.

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7 Fraud and AML compliance reports for bank boards and credit unions

Abrigo

Share these reports on AML activities to inform directors Reporting to the board on AML and fraud compliance is an essential obligation. Here are several types of reports that provide vital information. You might also be interested in this AML/CFT risk assessment checklist. DOWNLOAD Takeaway 1 Board members have a responsibility to maintain a safe and sound financial institution, and they rely on the BSA Officer's reports to help.

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How to Create a LLC Parent Company and Subsidiary Structure | Incfile

incfile

Learn what subsidiaries are, what a parent LLC is, and how to convert your standard LLC to a parent LLC on your own with Incfile's guide.

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How to Prepare for Small Business Cybersecurity Threats

Eagle Business Credit

Cybersecurity needs to remain a priority for small business owners. There are so many areas of your business that you are juggling and managing right now, but the unfortunate truth is that there are cyber threats targeting small businesses right now. You don’t want to be caught with your hands in your pockets. Here is how to prepare your small business for cybersecurity threats.

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Finding the Right Outsourced Client Accounting Services for Your Business

Accounting Department

Making the decision to turn to outsourced client accounting services can be a great way to save time and resources for your business. However, finding a trustworthy outsourcing partner can be a challenge. But how can you be sure you’re choosing an outsourced accounting service you can trust? There are a few characteristics of trustworthy, competent, and reliable accounting services that will help you know the provider you chose is the right one.

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Buying into AML risks in real estate

Abrigo

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. Institutions should stay current on any regulatory changes, including GTO updates, and train staff to recognize red flags.

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Do You Need an LLC for Your Food Truck Business? | Incfile

incfile

Starting a successful food truck business can be lucrative, but it can also be a risky and complicated path. When it comes to owning and operating any business (including a food truck), you will want to protect your assets from any potential liabilities.

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Is Your Retirement Administered by Qualified People?

Due

With an insurmountable amount of tools and resources at your fingertips, you could theoretically plan your own retirement. Examples include Money’s asset allocation calculator and retirement planning calculator , as well as the following guides from Due; Annuity plan Pension plan 401 (k) But, let’s be honest here. Preparing for your retirement can get complicated.

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How to Protect Your Business Reputation During B2B Debt Collections

Enterprise Recovery

Nobody likes asking for money - least of all when your clients aren't paying their invoices promptly. Business-to-business debt collections could also impact your relationships with current and potential clients. It's crucial to keep things professional, even when they feel personal, and the missed payments are affecting your bottom line. Use these tips to protect your business reputation during B2B debt collections.

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An Intro To Digital Marketing For Small Business Owners

Lendio

In today’s fast-paced digital world, small business owners are presented with countless opportunities to scale their businesses. However, navigating the world of digital marketing can feel overwhelming, especially for those with limited marketing experience. This introductory guide aims to simplify the realm of digital marketing for small businesses, providing small business owners with essential knowledge to leverage the power of online platforms.

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2023 Summer Marketing Ideas for Small Businesses | Incfile

incfile

Your customers are ready for some fun in the sun, but you're ready to get down to business. Your business doesn't take a vacation, but that doesn't mean you can't take advantage of those summer vibes, soak up the rays, and keep growing all season long. Here, we're diving in and looking at 17 summer marketing ideas you can use to make a splash.

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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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FTX Sues Former In-House Counsel

Reorg Blog

FTX Group debtors have sued Daniel Friedberg, their former in-house attorney, for alleged legal malpractice and breach of fiduciary duties.

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How To Create A Small Business Marketing Strategy

Lendio

Small business marketing is no small feat. With limited time and resources, you likely feel strapped when it comes to the marketing side of your business. But, if you’re here reading this guide, you likely already know just how important marketing is, particularly for small businesses. Let’s talk about how to get your small business marketing strategy going, so you feel ready to tackle this part of your business.

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AI eCommerce Personalization for Better Customer Experiences

Grit

A platform for personalized experiences , big commerce is a leading eCommerce platform enabling businesses to easily create and manage online stores. By harnessing the power of AI, businesses can leverage customer data to deliver personalized product recommendations, create tailored shopping experiences, and run targeted marketing campaigns. This article delves into the benefits of AI eCommerce personalization and provides strategies for effectively implementing it.

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Annuity Plans Will Never Be the Same

Due

I want to ask you a personal question. When was the last time you thought about your retirement ? I’m not trying to put you on the spot or embarrass you. And, I’m certainly not trying to wig you out. But, in reality, we’re experiencing a retirement crisis. Before you assume that I’m exaggerating here, the Federal Reserve report found that around 38% of people between the ages of 18 to 29 have zilch in retirement savings.

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Registering The Business and Obtaining Necessary Licenses and Permits

Inc. Authority

A Comprehensive Guide to Business Registration and Licensing Starting a business can be a thrilling and rewarding experience, but it requires careful planning and attention to detail. One of the most important steps in starting a business is registering it … Continue reading → The post Registering The Business and Obtaining Necessary Licenses and Permits appeared first on Inc Authority.

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How To Start A Successful Employee Training And Development Program

Lendio

Employee training. Those two words alone can conjure up all kinds of bad memories for most people—endless hours spent in a conference room listening to a boring, poorly planned presentation. Plus, there always seems to be a guy on your team who asks endless questions, raising his hand over and over again, dragging the training on for an additional 20 minutes.

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Machine Learning Product Recommendation: The Future of eCommerce

Grit

In today’s rapidly evolving world of eCommerce, personalized shopping experiences have become the cornerstone of success for businesses. With the advent of machine learning product recommendation systems, companies can now harness the power of advanced technology to deliver tailored and engaging experiences to their customers. Machine learning product recommendation aims to make the shopping experience seamless and effortless for customers.

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3 B2B Budget Tips to Boost Your Bottom Line in a Digital Landscape

Due

In today’s digital age, the world of B2B is experiencing a significant shift, transforming how businesses operate and grow. The traditional way of conducting business is fundamentally changing, leading to new industry trends and developments. Companies should consider reviewing their budgets to invest in activities that meet these changing needs.

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How to Come Up With a Business Idea | Incfile

incfile

Dreaming of being your own boss but not sure how to come up with a business idea will bring turns those dreams into reality? In a study conducted by Incfile , we found that close to three-quarters of Americans have come up with one or more business ideas.

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