B2B InfoWorldFundamental Concepts of Accounting
All accounting information, whether for decision support or for accountability purposes, relies on the same foundation, the collection and processing of financial data. This process starts with five fundamental concepts; the accounting entity, going concern, accounting period, transactions and the accounting equation. Accounting data is collected for an accounting entity – the economic unit for [...]
How To Escape The Trap of Interpersonal Conflict: The Symptom That Looks Like a Problem
Introduction Jack and Harry just don’t get on”. “Mary can’t work with Ellen”. “Joe’s really difficult to work with” These statements and dozens like them are heard frequently in workplaces of all shapes and sizes. We initiate “counselling”, “conflict resolution” or “team building” sessions. Some improvement occurs. Are we solving a problem or just massaging [...]
23 Inexpensive and Motivational Ways to Get The Best Out Of Your Small Business Team
When you are running a small business keeping your team consistently up beat and excited about their work will seriously boost your profits. The bottom line is that people who feel part of a team that makes a difference put extra effort into their job. Add into that the feeling of being valued and appreciated [...]
Tips To Coordinate A Successful Joint Venture
Joint ventures provide some of the best value for your marketing dollar today. By riding the coattails of a larger company, or combining resources with a business similar in size to your own, you can exponentially increase your customer base and your bottom line. The success of your joint venture begins at the outset with [...]
Sales And Marketing Tips For Your Small Business – Sell The Sizzle!
Did you ever buy a drill because you felt a strong desire to own a drill? Somehow, I doubt it. Chances are what you really needed was a hole. Or, more precisely, what you really needed was something to help you make lots of holes in lots of different surfaces. What you didn’t want to [...]
Utilization of the Time-Value of Accounts Receivable
In order to take advantage of the time value of accounts receivable when a company is having cash flow difficulties, one must know that a smaller amount of money today is worth more than the full amount tomorrow. This is particularly true when accounts payable are due. It is also true when a company can [...]
New Business Start Up: Who Am I Kidding?
Good for you. You’ve finally decided to start up a business. Starting up a business is an exciting time when you’re filled with energy and enthusiasm. Congratulations! Now come the inevitable questions and doubts. + Do I have enough cash to start up my business? + Should I get a loan right now? + Am [...]
5 Critical Mistakes You’re Making That Limit Your Business Success
Before I hear another small business owner tell me that they can’t manage their time and it’s frustrating and ulcer- producing, let me spread a ray of hope here: it’s not time you’ve got to manage; it’s yourself – your actions and decisions – through the flow of time. That means self-awareness is an important [...]
Exhibitions and Their Importance in your Marketing Strategy
Using of trade shows and exhibitions as part of your marketing strategy, in order to promote your products, services or raise the profile of your business is a well proven approach. These effective shows are rewarding and provide an incredibly direct method of consumer marketing and contact throughout various market segments and aspects of the [...]