Key Bank USA Reliablity

<div dir="ltr" style="text-align: left;" trbidi="on"> <h2 style="text-align: left;"> <a href="http://keybankonline.blogspot.com/2015/09/key-bank-usa--reliable-company.html">Key Bank USA - Are They a Reliable Company Or Not?</a></h2> <br /> Is Key Bank USA a good company to entrust your money with? Don't settle for reading affiliated <br /> reviews anymore-here is a completely unbiased look at this company.<br /> <br /> <h3 style="text-align: left;"> <span style="color: #20124d;"> Customer service</span></h3> <br /> <table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; text-align: left;"><tbody> <tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjISqgOnWgciWo3dpSABSFcg9gj_TnZFXlPq2JlJmlyAcoJcPn1pwEh33UhBlL8RHvNwHePkLBuq8AnWnLJFWWdZlmHXMH8nFZ-gPkzUzW2JQBBXK5xkHXA6lHyfK9zjomP3RCbrL2LFmgu/s1600/key-bank-online-300x225.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="key bank online" border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjISqgOnWgciWo3dpSABSFcg9gj_TnZFXlPq2JlJmlyAcoJcPn1pwEh33UhBlL8RHvNwHePkLBuq8AnWnLJFWWdZlmHXMH8nFZ-gPkzUzW2JQBBXK5xkHXA6lHyfK9zjomP3RCbrL2LFmgu/s320/key-bank-online-300x225.jpg" title="key bank online" width="320" /></a></td></tr> <tr><td class="tr-caption" style="text-align: center;"><h3> KeyBank</h3> </td></tr> </tbody></table> This is a mixed bag... some have GREAT experiences with them, some hate them. One thing they have been known to do is apply overdraft fees when there really is no overdraft. This isn't an isolated instance-this has happened to many people so watch out for this.<br /> <br /> Often times you can straighten this out. But if you do legitimately go over your limit-and you don't have overdraft protection--watch out. Their fees are sky high... but this nothing new in the banking industry.<br /> <br /> <br /> <br /> <h3 style="text-align: left;"> Online banking</h3> <br /> <table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; text-align: left;"><tbody> <tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJlJ7Q6E_xme05YCYsGOLRflT81h-JpPLgvpqSBQcK01KpLB-n9QhS5gIYmm1RxdfW63U1Bv7mpmiHz5WrDyDcaldRD6q92_zJ6rb0z9oJmOzWzm3AKqdZuc0tus95ItGKdp-SE-uN08J9/s1600/key_bank-solution-more-content-2.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="Online banking" border="0" height="175" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJlJ7Q6E_xme05YCYsGOLRflT81h-JpPLgvpqSBQcK01KpLB-n9QhS5gIYmm1RxdfW63U1Bv7mpmiHz5WrDyDcaldRD6q92_zJ6rb0z9oJmOzWzm3AKqdZuc0tus95ItGKdp-SE-uN08J9/s320/key_bank-solution-more-content-2.jpg" title="Online banking" width="320" /></a></td></tr> <tr><td class="tr-caption" style="text-align: center;"><h3 style="text-align: left;"> Online banking</h3> </td></tr> </tbody></table> This is DEFINITELY the strong point of Key Bank USA. Their system is EXTREMELY user-<br /> friendly, and unless you've never used the internet before you will have no trouble learning the system.<br /> <br /> In terms of overall ease of use and speed this interface gets a big thumbs up. If you plan on doing a lot of banking online, I would recommend this one.<br /> <br /> <br /> <br /> <h3 style="text-align: left;"> Credit cards</h3> <table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody> <tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPZi9dhPjH0DFTineM_zdr8oi02RVX2BFZre_d5zcoaD7HF1Q-kiXQit1r1xrhyDZMIgtQwM2qUr2lHzo7s1rSW3JzcKLNjhVKrF1TOSexIE0CgXyymuhpYFDnjoTIiDU_a2P2S3DMKK6c/s1600/KeyBank.png" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="Credit cards" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPZi9dhPjH0DFTineM_zdr8oi02RVX2BFZre_d5zcoaD7HF1Q-kiXQit1r1xrhyDZMIgtQwM2qUr2lHzo7s1rSW3JzcKLNjhVKrF1TOSexIE0CgXyymuhpYFDnjoTIiDU_a2P2S3DMKK6c/s1600/KeyBank.png" title="Credit cards" /></a></td></tr> <tr><td class="tr-caption" style="text-align: center;"><h3 style="text-align: left;"> Credit cards</h3> </td></tr> </tbody></table> <br /> <div style="text-align: right;"> </div> This is probably something you want to stay away from. They often try to push this on you with just about every interaction, but the reality is that there are no benefits to using their card over the BG 4.<br /> <br /> <br /> <br /> <br /> <h3 style="text-align: left;"> Financial health</h3> <br /> <table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody> <tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdXmRo45ssweccqk3j4FSxEvsrTQBUWfR9ckbk-cTElX6OblVosxTBqL5L3ZHUiftUyjzmsRk7NmFqA-rFuw6gNfNbcoYiwOHrflzY920JOwTIoOJ_ECSk8YSd7yEIah3OTn24LPayRbC3/s1600/personal_home_bg_13Q1B.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="Financial health" border="0" height="159" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdXmRo45ssweccqk3j4FSxEvsrTQBUWfR9ckbk-cTElX6OblVosxTBqL5L3ZHUiftUyjzmsRk7NmFqA-rFuw6gNfNbcoYiwOHrflzY920JOwTIoOJ_ECSk8YSd7yEIah3OTn24LPayRbC3/s200/personal_home_bg_13Q1B.jpg" title="Financial health" width="200" /></a></td></tr> <tr><td class="tr-caption" style="text-align: center;"><h3> Saving Time & Money</h3> </td></tr> </tbody></table> It's very good... the company gets high ratings form all the big 3 that rate banks health (Moody's, S&P, and Fitch). Translated--You don't have to worry about them going belly up and taking your money with them.<br /> <br /> <h3 style="text-align: left;"> </h3> <h3 style="text-align: left;"> </h3> <h3 style="text-align: left;"> </h3> <h3 style="text-align: left;"> **************************************************************************************</h3> <h3 style="text-align: left;"> Conclusion</h3> <br /> Customer service aside, <a href="http://keybankonline.blogspot.com/">Key Bank USA</a> is a quality company, as attested to by their financial health.<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> </div> </div>

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Key Bank USA Reliablity

Key Bank USA - Are They a Reliable Company Or Not? Is Key Bank USA a good company to entrust your money with? Don't settle for reading affiliated reviews anymore-here is a completely unbiased look a…

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<div dir="ltr" style="text-align: left;" trbidi="on"> <div align="center" class="MsoNormal" style="text-align: center;"> <br /></div> <h2 style="text-align: center;"> <b><span style="font-family: "Arial","sans-serif"; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman";">HOW TO MANAGE HOME-BUSINESS <a href="http://marketing-manager-mm.blogspot.com/2015/09/achieving-cash-flow-management-through.html">CASH FLOW</a> EFFECTIVELY</span></b><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";"> </span></h2> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <br /></div> <div class="separator" style="clear: both; text-align: center;"> </div> <table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody> <tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiVqhs-WWaoZOQ1b5L4kY1Nw8o3z2cA-XzcCVa3ZTWToP4ogmUu3yeP6vvsBUu65IfkHQqszTdw0B9dJ9tmvbx7kKJU0MdPZrN8lfOIH-54Qmhys9MzdfaoEY41ObN-pALUmAzTtGyikG8B/s1600/Manage+Home+Business+Cash+Flow+Effectively-sm.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="HOW TO MANAGE HOME-BUSINESS CASH FLOW EFFECTIVELY" border="0" height="234" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiVqhs-WWaoZOQ1b5L4kY1Nw8o3z2cA-XzcCVa3ZTWToP4ogmUu3yeP6vvsBUu65IfkHQqszTdw0B9dJ9tmvbx7kKJU0MdPZrN8lfOIH-54Qmhys9MzdfaoEY41ObN-pALUmAzTtGyikG8B/s320/Manage+Home+Business+Cash+Flow+Effectively-sm.jpg" title="HOW TO MANAGE HOME-BUSINESS CASH FLOW EFFECTIVELY" width="320" /></a></td></tr> <tr><td class="tr-caption" style="text-align: center;">CASH FLOW</td></tr> </tbody></table> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">There's something you can never afford to forget when you are running a<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">business out of your home --  cash is king!<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Whether it is a multi-billion dollar empire, such as Bill Gates' Microsoft,<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">or the tiny mom-and-pop convenience store on the street corner, cash is the<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">life blood of the business.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">In today's uncertain economy with ever rising interest rates, many small<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">businesses with limited financial training are having problems staying<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">alive, let alone prospering.  In fact, 63% of new businesses don't survive<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">six years -- and most work-at-home people fail within 6 months!<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">The primary reason is bad cash management.  To many self-employed people<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">neglect their cash flow until it is too late to recover.  Suddenly, presto!<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">it 's back to your office job!  We don't want that to happen.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">So the big question is: will you be able to manage your cash flow<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">effectively?  If you are not sure, then you are on shaky ground.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Les Masonson, author of Cash, Cash, Cash: The Three Principles of Business<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Survival and Success, says cash flow is all about, "getting the money from<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">customers sooner, paying bills at the last possible moment, concentrating<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">money to a single bank account, managing accounts payable, accounts<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">receivable and inventory more effectively, and squeezing every penny out of<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">your daily business."<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Let's break down Masonson's tips one at a time.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <h3> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">FAST COLLECTION</span></h3> <div class="MsoNormal"> <br /></div> <table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody> <tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSI1pROzNz8cjO7Bd054h55ADapakWtgWnP0d0m3k8BgohYa2xgW2TyLfUw-VL6eTYs0s-juicAU91FfIQFJHg_gekyZkKOA76P5BJ6-fXpoVh8VbjTXTvklHGk-kb6B6sXi94ccl0LqRv/s1600/cow-1.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="FAST COLLECTION" border="0" height="271" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSI1pROzNz8cjO7Bd054h55ADapakWtgWnP0d0m3k8BgohYa2xgW2TyLfUw-VL6eTYs0s-juicAU91FfIQFJHg_gekyZkKOA76P5BJ6-fXpoVh8VbjTXTvklHGk-kb6B6sXi94ccl0LqRv/s320/cow-1.jpg" title="FAST COLLECTION" width="320" /></a></td></tr> <tr><td class="tr-caption" style="text-align: center;"><span style="font-family: Arial, sans-serif; font-size: 16px; text-align: left;">FAST COLLECTION</span></td></tr> </tbody></table> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">In your business, you should collect money as fast as you can.  To do so,<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">try these four things:<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(1) Try to speed up customer orders by having them fax their orders to you.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(2) Send out your invoices the same day goods are shipped, not a week or<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">two later.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(3) Indicate on your invoice when payment is due, and specify the penalty<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">interest for late payment.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(4)Consider using a bank lock box (post office box strategically located<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">near customers to reduce mail time) to collect your mailed checks from<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">customers across the country.  You lockbox bank picks up mail around the<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">clock including weekends, processes the checks and credits your account.<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(Note:  this last step is probably more appropriate for businesses grossing<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">more than $25 million annually.  You may not be there yet, but keep it in<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">mind for when you get there)!<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <h3 style="text-align: left;"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">DEPOSIT CHECKS FAST!</span></h3> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">This seems only obvious, but it's extremely important.  In fact, here are<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Masonson's six sure-fire suggestions for getting the fastest availability<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">on deposited checks.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody> <tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLVLb5SgfT3CS_aHzssCvM_HOxYxY6mxNhZeyQFIoF8q-_HrbClj-cW56EvHj-E5aEHUSlc94biQ2iCsH5Ev9UimdiyS-Cpz4DKJK4xSoP48H05h4VF1HmisEf9pDLo8k-UNJZ3mKwHkSp/s1600/chase-mobile-deposit-app.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="Quick Deposit" border="0" height="122" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLVLb5SgfT3CS_aHzssCvM_HOxYxY6mxNhZeyQFIoF8q-_HrbClj-cW56EvHj-E5aEHUSlc94biQ2iCsH5Ev9UimdiyS-Cpz4DKJK4xSoP48H05h4VF1HmisEf9pDLo8k-UNJZ3mKwHkSp/s320/chase-mobile-deposit-app.jpg" title="Quick Deposit" width="320" /></a></td></tr> <tr><td class="tr-caption" style="text-align: center;">Quick Deposit</td></tr> </tbody></table> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(1) Always deposit checks the same day they are received.  Don;t hold<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">checks until the next day because you lose one day's float.  Key point: you<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">can lose three days of float by not depositing Friday's checks until<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Monday.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(2) Obtain availability of 0 to 2  days on deposited checks.  Don't let<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">your bank give you the customer availability of 1 to 5 days.  Be<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">persistent.  Ask the bank for its "availability schedule" and scan it to be<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">sure you're receiving fast availability of two days or less.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Each bank has its own availability schedule.  This is used to assign check<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">availability to consumers, business (commercial accounts), and large<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">corporate accounts.  Availability is the number of days until you can use<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">the money deposited by check as cash.  For example, a $1,000 check<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">deposited today and assigned a one-day availability can be withdrawn as<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">cash tomorrow.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(3) Don't deposit checks in a bank's Automated Teller Machine or use the<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Night Depository since you have no evidence that you actually deposited the<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">checks you said you did.  Remember, you only receive a receipt that shows<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">the time and dollar amount on the deposit at the ATM, and you get no<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">receipt at the Night Depositor.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(4) MICR encode your customer's checks (using a machine that prints<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">magnetic ink on the bottom of the check) with the dollar amount before<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">depositing them in the bank if you deposit more than 500 checks per month.<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Banks charge 3 to 5 cents less for each encoded check.  Used encoded<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">machines cost about $1,500.  (Check your Yellow Pages under bank equipment<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">for dealers).  Besides saving money, you may get another benefit: faster<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">check availability.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(5) Ask you bank about its deadline for receiving availability on deposited<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">checks.  Some banks may require a deposit of an encoded check by <st1:time hour="14" minute="0" w:st="on">2 p.m.</st1:time>,<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">even though the bank is open to <st1:time hour="17" minute="0" w:st="on">5 p.m.</st1:time>  Make sure you make this deadline,<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">otherwise you lose one day's float.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(6) Before using a bank's ATM for check deposits, find out the bank's<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">availability deadline.  Some banks have a <st1:time hour="12" minute="0" w:st="on">12 noon</st1:time> cut-off time which means<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">that any checks deposited later are considered to be deposited the next<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">day!  In that case, you lose an entire day's float, even though you did<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">your bit to get the checks cashed.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <h3 style="text-align: left;"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">HAVE A SUPER TIGHT ACCOUNTS</span><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">RECEIVABLE POLICY</span></h3> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Many people think it is no big deal to neglect accounts receivable until<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">bills are collectible.  This is bad cash flow policy.  Here are seven<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">excellent tips for handling accounts receivable:<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(1) Check the financial health of a new customer before offering them<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">credit.  One way of doing this is by using a rating service, such as Dun &<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Bradstreet (1-800-234-3867).<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(2) Ask a new customer for five business references and don't neglect to<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">call them.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(3) Don't offer too generous discounts, such as 3% for payment in 10 days.<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">A better rate is 1.5% cash discount.  It costs you less.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(4) Charge a "late fee" of 2% per month to customers who pay late and<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">charge back customers who take discounts after the discount periods.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(5) Follow up on late payers with phone calls and letters.   These may seem<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">a bit extreme, but the first letter should go out the very day the amount<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">is one day late!  After 30 days late, start this sequence:<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">-- send out a letter from your attorney<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">--turn over the account to a collection agency<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">--use a collection attorney<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(6) Don't send out new merchandise if bills remain unpaid.  Remember that<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">bad debts hurt your bottom line!  Be vigilant and try to get at least<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">periodic payments from slow payers.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(7) Instruct your bank to automatically deposit "returned checks."  Ask<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">your bank if they offer Return Item box service.  If they do, then use it<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">to redeposit your check and charge back the bank return item free to your<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">customer.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">These seven steps are tough and unrelenting, but they may make the<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">difference between a positive cash flow month and a sluggish month for your<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">business.<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">It may seem a bit hypocritical to demand swift and exacting payment, and<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">then do what we suggest next.  But just remind yourself, all (almost) is<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">fair in love and war and business.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <h3 style="text-align: left;"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">DISBURSE YOUR MONEY SLOWLY</span></h3> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Just the opposite of collecting at the earliest possible moment, you should<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">never pay a day sooner than you have to, unless you get a discount for<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">doing so.  A lot of people believe in staying ahead of bills and paying<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">them as early as possible, but that's just poor cash management.  You want<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">to keep your money in your hands as long as you can. Here are five<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">suggestions to slow down your disbursements:<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(1) Pay your invoices on the last day they're due, not before.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(2) try to mail your payment on Thursday or Friday to pick up a few extra<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">days mail float over the weekend.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(3) Use business credit cards for travel, lodging, meals, and small<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">expenses for yourself and your employees.  With credit cards you typically<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">don;t have to make payment until 25 days after receiving the statement.<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Use this float by investing the money.  In total, you can typically keep<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">your money invested for 45 days from date of purchase.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(4) Don't issue advances to employees.  Have them use their personal credit<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">cards or business cards, if you provide them<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(5) Consider setting up a remote disbursement checking account in another<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">state to extend the check clearing float by at least a day.  This practice<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">is used very successfully by 17% of large companies.  The downside of this<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">practice is that some vendors may complain about their delayed availability<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">on their bank deposit.  But this can be overcome by mailing them their<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">checks one day earlier.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Now, many small businesses neglect to reconcile their monthly bank<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">statements or assume that the bank never makes a mistake.  Banks do make<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">mistakes, and you must stay on top of your disbursement to control your<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">cash flow.  If you are one of those people who simply can't stand to<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">balance you check book, you can use a bank's standard account reconcilement<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">services for a low monthly price -- $30 to $70  base charge and <st1:time hour="18" minute="55" w:st="on">5 to 7</st1:time><o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">cents a check.  When is it best to use a bank's reconcilement service?<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Here are six suggestions:<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(1) When you have a monthly check volume of at least 500 checks.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(2) When you need specialized reports.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(3) When you are currently performing your own reconcilement.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(4) You can find software at a reasonable price that meets your needs.<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Companies offering accounting software include DacEasy, Inc.<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(800-877-8088); Real world Corp (800-678-6336) and Peachtree<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(800-247-3224).<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(5) When you don't have your own PC or any other kind of computer system.<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(We already warned you about that).<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(6)  When you have no staff to do it, or time to do it yourself.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <h3 style="text-align: left;"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">NO EXTRA MONEY IN YOUR BANK ACCOUNT</span></h3> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Many businesses make the mistake of keeping too much money in their bank<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">accounts to pay for bank services.  This money could be used more<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">effectively elsewhere -- such as to pay off a loan or to invest at a more<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">competitive rate.  Many businesses have no idea how much money to leave in<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">the bank or what alternatives they have to compensate the bank.  Take some<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">time to find out what your minimum balance needs to be.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <h3 style="text-align: left;"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">GET AN ACCOUNT ANALYSIS STATEMENT</span></h3> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">How do you know how much money (bankers refer to this as "balances") to<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">leave in your checking account to pay for bank's services?  That's a<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">question that more business owners should be asking themselves.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(1) First, get a price list which shows how much your bank charges for<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">services like account maintenance, checks deposited, checks paid, stop<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">payments and wire transfers.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(2) Ask the bank to send you a monthly "Account Analysis Statement."  The<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">analysis statement contains the average balance levels for the month --<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">both the ledger and the available balance -- as well as a listing of<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">services used, their transaction volumes and cost.  This statement should<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">be obtained in addition to the regular monthly bank statement.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(3) Look at the account analysis to see whether you are overcompensating<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">the bank.  Then pull out any excess funds and invest them in a<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">high-yielding money market mutual fund, for example.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">A word of advice:  Smaller banks may not know what you are talking about<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">when you ask for an account analysis.  Larger banks often offer such a<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">statement, but you have to ask for it.  And don't let them charge you for<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">this kind of statement since it is only an invoice.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <h3 style="text-align: left;"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">INVENTORY IS NOT CASH</span></h3> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Every item you have sitting on your shelf should eventually be transformed<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">into cash in your bank account, and the sooner the better.  As long as it's<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">inventory, it's basically dead weight.  If it is not moving, you're not<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">having cash flow.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Here are six recommendations to minimize the cost of your inventory:<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(1) Attempt to forecast as accurately as you can the day, week and month<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">what you expect to sell.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(2) If you are dealing in more than one item, determine which item accounts<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">for 80% of your sales.  Then minimize ordering other items that are selling<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">poorly or infrequently.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(3) Determine how fast you can get inventory, once you order it.  Try to<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">order as late as you can.  Some firms can use "just-in-time" inventory<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">which enables them to receive their order the day they need it.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(4) Determine your economic order quantity and don't order too much<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">inventory just to save a few pennies.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(5) Shop around and make sure you are getting competitive prices.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">(6) Develop a policy for determining what is obsolete inventory, and how<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">you can get rid of it.  The best way to get rid of dead inventory is to<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">sell it whatever you can get for it, even if that's only 10 percent of what<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">you paid for it.  At least it will generate cash flow.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <h3> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">DON'T FORGET CONTINUITY SALES</span></h3> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Once of the most exceptional ways of controlling and improving cash flow<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">well into the future is by employing something called continuity of sales<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">or services.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Continuity sales are simply a contract to purchase products or services on<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">an installment basis for a fixed period of time.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">That may sound complicated, but in practice, it actually is not.  The best<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">example of a continuity sale is a magazine subscription.  12, 24, or 36<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">issues delivered each month for X amount of dollars.  The bigger the<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">subscription, they better deal you get.  The publisher gets more money up<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">front, and the customer gets a better deal in the long run.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Continuity can apply to anything.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Let's say you own a dry cleaning business.  How about an annual deal to<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">clean 5 shirts or blouses per week for set amount  of money?  Get people to<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">pay your for the entire week up front for a lot of fast cash flow. You'll<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">trade a discount for getting business, but you'll ensure a steady cash flow<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">for months to come.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">Continuity works with just about any kind of product or service you are<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">offering, from dry cleaning to to your personal consulting service.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">You can structure payments for continuity sales on almost any basis, but<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">it's best by far to go for complete payment up front.  After all, the<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">discount is based on a customer's commitment, and they'll be a lot more<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">committed with their money on the line.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <h3 style="text-align: left;"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">LICENSING AGREEMENTS</span></h3> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">After all is said and done, if you were to list the assets of the company<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">you have created, you'd probably include your inventory, equipment,<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">accounts receivable, equity, and so on.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">But by this time, especially if you have been reading carefully, you have<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">something more -- something that is not necessarily a physical "thing" such<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">as cash or inventory.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">If you've been a clever business person, you have come up with certain ads<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">that have outpulled your competitors.  You have developed policies and<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">procedures that have kept your returns and refunds the lowest of any<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">around.  Or you may have come up with a money-making technique that is<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">completely unique.  If so, you are potentially sitting on fast source of<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">cash.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">You can license the rights to use any of your specialized techniques or<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">assets to other non-competitive businesses.  You can do it for a flat fee,<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">a percentage of profits, on a royalty basis, or any other way that makes<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">sense to you.  You can also conduct seminars to teach your techniques to<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">other would-be work-at-home entrepreneurs and charge whatever the market<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">will bear.  It's easy to generate an extra $5,000 a month and much more on<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">the lecture circuit.  While you are getting paid to spread your knowledge,<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">you will be drumming up more business.<o:p></o:p></span></div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">The knowledge you have in your head right now could very well be worth a<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">lot of money.  It's only a matter of you looking within yourself and at<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">your successes to see how you can transform it all into real, hard cash.<o:p></o:p></span></div> <div class="MsoNormal"> <span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman";">                    <o:p></o:p></span></div> <br /> <div class="MsoNormal"> <br /></div> </div>

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HOW TO MANAGE HOME-BUSINESS CASH FLOW EFFECTIVELY  CASH FLOW There's something you can never afford to forget when you are running a business out of your home --  cash is king! Whether it is a multi-…

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Achieving Cash Flow Management Through Accounts Receivable Factoring

<div dir="ltr" style="text-align: left;" trbidi="on"> <h2 style="text-align: left;"> Achieving Cash Flow <a href="http://marketing-manager-mm.blogspot.com/2015/09/introduction-t-marketing-management.html">Management</a> Through Accounts Receivable Factoring</h2> <br /> <table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody> <tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOV8HM8CaeaBoZWL39SPppJHdSf27yeZmKNB6yp_TiBpNzdJfoTiwWOtDmNMkqbItpirBEtGck5QNuSC6zLiM15UhNJwBO_78DUDcPOliThv6tQM28mf_b6ghIasTFqgQUi3Bw4jvdiBGP/s1600/cashflow.gif" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="Cash Flow Management" border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOV8HM8CaeaBoZWL39SPppJHdSf27yeZmKNB6yp_TiBpNzdJfoTiwWOtDmNMkqbItpirBEtGck5QNuSC6zLiM15UhNJwBO_78DUDcPOliThv6tQM28mf_b6ghIasTFqgQUi3Bw4jvdiBGP/s320/cashflow.gif" title="Cash Flow Management" width="251" /></a></td></tr> <tr><td class="tr-caption" style="text-align: center;"><h2 style="text-align: left;"> Cash Flow Management</h2> </td></tr> </tbody></table> Accounts receivable factoring is another mode of receivables management and working capital funding to eventually increase the cash flow. Accounts receivable factoring involves buying and selling of accounts receivables in order to obtain immediate cash or working capital.<br /> <br /> Accounts receivable factoring helps in acquiring cash for the product or the services rendered. It results in immediate cash inflow without creating any debt or transferring the business ownership. Accounts receivables are the most values assets for any company. It is one of the mode for increasing sales and expanding business. The payment is done of the 80% of the invoice value. The 20% of the value is kept as reserved and is paid after deducting the fee once the amount on the invoice is due.<br /> <br /> This practice if accounts receivable factoring is most suitable for small and medium business owners. Due to accounts receivable factoring small and medium business owners are able to generate cash and avoid the debt trap. It also helps in representing string financial status and avoids interest on any loans if otherwise taken.<br /> <br /> Accounts receivable factoring also results in increased working capital as receivables are conditional on customer's creditworthiness and not the business owners. It helps to avoid loan repayment, transferring business equity, engaging the assets, and also avoid yearly loan review process. For a small business owner accounts receivable factoring represents gaining working capital without overtaking any debt or loan. It is also a mode to increase sales without any repayment tensions for any loans etc. Thus business is able to meet demands and the circle keeps on auto-rotating as accounts receivable factoring increases sales and increased sales asks for more money to complete more orders.<br /> <br /> Accounts receivable factoring also provides relief from non-paying clients or slow paying clients. It generates more sales due to increased orders. It also offers flexible funding program to help heighten the sales graph and take vendor discounts due to availability of cash.<br /> <br /> This practice of accounts receivable factoring generates cash to fund the payrolls and taxes due. The funds thus generated also help to increase the inventory or buy new equipments, tools, etc to flourish the business.<br /> <br /> <table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody> <tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgoD7-Aw5K1bq4MP-1_Vm-24AlKlY8MovtF1E9gbmjxjJ2eXIPFIsFvHE4eu4HNM8BO-OKoM3fbBA5QjX3xkFuf4iKKfTx4SKgHogz-d0oy2AIVNtET6AHDpEhkCkM7FELV14sVvDHXEk1d/s1600/cash-flow-highlighter.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="Cash Flow" border="0" height="139" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgoD7-Aw5K1bq4MP-1_Vm-24AlKlY8MovtF1E9gbmjxjJ2eXIPFIsFvHE4eu4HNM8BO-OKoM3fbBA5QjX3xkFuf4iKKfTx4SKgHogz-d0oy2AIVNtET6AHDpEhkCkM7FELV14sVvDHXEk1d/s320/cash-flow-highlighter.jpg" title="Cash Flow" width="320" /></a></td></tr> <tr><td class="tr-caption" style="text-align: center;"><h2 style="text-align: left;"> Cash Flow</h2> </td></tr> </tbody></table> The availability of cash helps small business owners to negotiate for discounts from their vendors and suppliers. It also helps to reduce book keeping, depositing checks, monitoring collection process, and preparing reports for collections. Brokers or agencies also provide their services for accounts receivable factoring. They help the business owners to manage their collections, payments, generating more cash and managing their cash inflow process.<br /> <br /> <br /></div>

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Achieving Cash Flow Management Through Accounts Receivable Factoring

Achieving Cash Flow Management Through Accounts Receivable Factoring Cash Flow Management Accounts receivable factoring is another mode of receivables management and working capital funding to eventu…

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Introduction Tо Marketing Management

<div dir="ltr" style="text-align: left;" trbidi="on"> <h2> Introduction Tо Marketing Management </h2> <br /> <div style="text-align: right;"> </div> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicOEzE3ApdKzqYMnN4ViZzct7Tuccf-F9vbzr535PvGos0R2yfgfEPAlIHoJKa3qPjk-ijH-HcYUF8DLneiRe6Au68RB48vW3eYD-3TR4eOppsYVGXJQK-8RXVBqC_V9AYYQb7-Jol9o3r/s1600/1018529_634412731400030000-1.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="Introduction Tо Marketing Management " border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicOEzE3ApdKzqYMnN4ViZzct7Tuccf-F9vbzr535PvGos0R2yfgfEPAlIHoJKa3qPjk-ijH-HcYUF8DLneiRe6Au68RB48vW3eYD-3TR4eOppsYVGXJQK-8RXVBqC_V9AYYQb7-Jol9o3r/s320/1018529_634412731400030000-1.jpg" title="Introduction Tо Marketing Management " width="320" /></a>Aѕ with аnу terminology uѕеd in thе business world it iѕ important thаt оnе knоwѕ thе concept аnd meaning оf thе term used. It iѕ аlѕо important tо knоw hоw аnd whеn tо apply thiѕ term. Whеn it соmеѕ tо аn introduction tо marketing management it iѕ important fоr уоu tо firѕt knоw whаt marketing iѕ bеfоrе уоu саn understand thе term marketing management. In layman's language marketing саn bеѕt bе dеѕсribеd аѕ nurturing customer relations, еѕресiаllу thоѕе thаt аrе profitable. Mоѕt peoples' understanding оf marketing iѕ narrowed tо thе uѕuаl advertising аnd selling whilе nowadays it iѕ аll аbоut satisfying thе nееdѕ оf a customer.<br /> <br /> Of соurѕе аn organization саnnоt function properly if it iѕ nоt run wеll аnd mоѕt оf thiѕ саn bе learned thrоugh аn introduction tо management science whiсh iѕ in essence thе study оf statistical methods tо solve аn organization's problems аnd iѕ similar tо operations research. Whеn it соmеѕ tо marketing, thеrе аrе diffеrеnt aspects tо consider.<br /> <br /> Whаt a company hаѕ tо offer- thiѕ will bе in terms оf thе products аnd services a company iѕ аblе tо givе a раrtiсulаr market. Aѕ ѕееn above, it involves bоth products аnd services. A common mistake thаt mоѕt businesses make iѕ thаt thеу direct аll thеir energy intо making thе products уеt thеу forget tо lооk аt thе kind оf benefits a customer will bе gеtting оut оf thе product. Thiѕ iѕ a typical case whеrе thе аll thе focus iѕ shifted tо thе customer's wаntѕ but nоt thеir needs.<br /> <br /> Customer satisfaction- customers hаvе diffеrеnt expectations whеn it соmеѕ tо a раrtiсulаr market. Yоur ability tо deliver оn thаt expectation ѕhоuld nеvеr bе tоо lоw nеithеr ѕhоuld it bе high. Onсе уоu understand thiѕ уоu mау bе wеll оn уоur wау tо establishing lоng lasting customer relations.<br /> <br /> Exchanges- thiѕ саn bе looked аt аѕ аn exchange оf аn item fоr another, оr giving ѕоmеthing tо hаvе ѕоmеthing еlѕе givеn tо уоu in return. Thе short term goal wоuld bе tо make a product worth attracting a customer hоwеvеr thе lоng term goal wоuld bе tо kеер thоѕе customers. All оf thiѕ iѕ wеll explained in аn introduction tо management science.<br /> <br /> Fоr a company tо prosper whеn it соmеѕ tо marketing management, it iѕ important thаt thеу lay in рlасе accounting concepts аnd fоllоw thеm tо thе latter. Thеѕе concepts, аѕidе frоm advanced accounting, аrе vеrу simple tо fоllоw аѕ lоng аѕ уоu hаvе qualified аnd effective financial staff. Advanced accounting ѕhоuld bе uѕеd оnlу whеn thе business hаѕ grown аnd mау graduate аwау frоm thе mоrе basic accounting concepts. Armed with thiѕ kind оf knowledge уоu аrе ѕurе tо gеt уоur footing оn уоur wау tо developing strong marketing management skills.<br /> <div> <br /></div> </div>

Introduction Tо Marketing Management

Introduction Tо Marketing Management  Aѕ with аnу terminology uѕеd in thе business world it iѕ important thаt оnе knоwѕ thе concept аnd meaning оf thе term used. It iѕ аlѕо important tо knоw hоw аnd …

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Who is a Marketing Manager and What Does He or She Do?

<div dir="ltr" style="text-align: left;" trbidi="on"> <h2> Who is a Marketing Manager and What Does He or She Do?</h2> <br /> <table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; text-align: center;"><tbody> <tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoQa05WltdSJmlyEajqOLmGVUuZoswL799c_dVInnMiV4OifUMfJykcKOgRTeGHAGkllYW5G2XT1isZPUH3UyiKZ3wLzxYkbCpC_yjKrz76CGtHvovYTmS6wi48nZmjqxfbJej3ZMyb-2k/s1600/iStock_000020720169Small.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="Marketing Manager" border="0" height="183" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoQa05WltdSJmlyEajqOLmGVUuZoswL799c_dVInnMiV4OifUMfJykcKOgRTeGHAGkllYW5G2XT1isZPUH3UyiKZ3wLzxYkbCpC_yjKrz76CGtHvovYTmS6wi48nZmjqxfbJej3ZMyb-2k/s320/iStock_000020720169Small.jpg" title="Marketing Manager" width="320" /></a></td></tr> <tr><td class="tr-caption" style="text-align: center;"><h2 style="text-align: left;"> Marketing Manager</h2> </td></tr> </tbody></table> A marketing manager is involved with managing the market related activities of a firm. What is marketing management then? This concerns with the use of marketing techniques and their practical application in a firm's market oriented activities like marketing resources. Determination of customer demand is one of the very important jobs of a marketing manager. A marketing manager is able to influence the composition, timing and level of customer demand. A marketing manager's role will vary according to the size, the corporate culture and the industry context present there. For instance, in a big company, a marketing manager may be assigned the role of a General Manager for his/her products.<br /> <br /> A marketing manager has to go through five important steps. These steps begin with market research and end with market control.<br /> <br /> <h3 style="text-align: left;"> Market Research</h3> <br /> <table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody> <tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQeBvH1Ap3R0WdOR0fjMJ77PlB4PJWoFGckq7HLHTFC3TXUWvcPYkIc2UWKxQSXuVshyy47YJ33I1rLvFru0gisulDyi_DfWXybunfVH9zF1OUUA2R7tiibO9BHZLRjHP-aHrJ18FALZaD/s1600/market-research.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="Market Research" border="0" height="212" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQeBvH1Ap3R0WdOR0fjMJ77PlB4PJWoFGckq7HLHTFC3TXUWvcPYkIc2UWKxQSXuVshyy47YJ33I1rLvFru0gisulDyi_DfWXybunfVH9zF1OUUA2R7tiibO9BHZLRjHP-aHrJ18FALZaD/s320/market-research.jpg" title="Market Research" width="320" /></a></td></tr> <tr><td class="tr-caption" style="text-align: center;"><h3 style="text-align: left;"> Market Researching In China</h3> </td></tr> </tbody></table> In order to have a proper idea of the contemporary scenario of the market in which the product is to be introduced, a marketing manager has to do market analysis. This is done by collection of data of the present situation, doing an estimate of the potential customers and analyzing the competition in the market.<br /> <br /> There are a lot of ways in which market research can be done. Some of the more popular techniques include statistical surveys, focus groups, test markets and ethnographic observations.<br /> <br /> <h3 style="text-align: left;"> Target fixing</h3> <br /> This is where the target customers are fixed. An estimate of the customers who will want to use the product are made. The business makes an estimate of the number of customers it wants within a specific time period. It uses data from market research to fix this target. The third step in this process is called marketing strategy.<br /> <br /> <h3 style="text-align: left;"> Marketing Strategy</h3> <br /> <table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; text-align: right;"><tbody> <tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgY3DjXa1xOzksDesSIcJ-JVT5JU9tdw1tlGqHr2gRYw4un05KlOoc0DuWrJsRPyihIgn-G-L7cAu-BeOA9KJ2Dal-y2GBkMyeL7bXoPL6dQQqGS6mEfX_DGqGLjOOjFWPrSChqGB3gQQ62/s1600/Content-marketing-strategy-content-formats-the-funnel-and-the-buying-journey-via-Adido.gif" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="Marketing Strategy" border="0" height="275" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgY3DjXa1xOzksDesSIcJ-JVT5JU9tdw1tlGqHr2gRYw4un05KlOoc0DuWrJsRPyihIgn-G-L7cAu-BeOA9KJ2Dal-y2GBkMyeL7bXoPL6dQQqGS6mEfX_DGqGLjOOjFWPrSChqGB3gQQ62/s400/Content-marketing-strategy-content-formats-the-funnel-and-the-buying-journey-via-Adido.gif" title="Marketing Strategy" width="400" /></a></td></tr> <tr><td class="tr-caption" style="text-align: center;"><h3 style="text-align: left;"> Marketing Strategy</h3> </td></tr> </tbody></table> For this step to take place the company needs to have a firm idea of its competitors' position and the customer base. Then the marketing manager can use different methods so that the profits of the business are maximized. A strategy can have different objectives. It might aim for a revenue growth or optimization of short term unit margins. It can also keep in mind the long term profitability of the business or its market share.<br /> <br /> <br /> <br /> <br /> <br /> <h3 style="text-align: left;"> Marketing Mix</h3> <br /> This includes the four P's of the market namely, Product, Price, Place and Promotion. The correct combination of the four Ps can lead to a successful marketing of the firm's product.<br /> <table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody> <tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRh4YAN4y53n5SMEB0YfzgNcNssxBg0x6oEAjxJ8oXpFe6EOJ0tJbqEU6R_eKIyTJfhaND9mkiKcVKUSVMn7DjH18Uatpk_3b9II0i2vi7nLPcxaGc5_vRM4ExSorlGC06AL0ZtQw9RRUw/s1600/marketing-mix-product-place-promotion-price-infografic-business-tool-used-professionals-four-ps-35357095.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="Marketing Mix" border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRh4YAN4y53n5SMEB0YfzgNcNssxBg0x6oEAjxJ8oXpFe6EOJ0tJbqEU6R_eKIyTJfhaND9mkiKcVKUSVMn7DjH18Uatpk_3b9II0i2vi7nLPcxaGc5_vRM4ExSorlGC06AL0ZtQw9RRUw/s400/marketing-mix-product-place-promotion-price-infografic-business-tool-used-professionals-four-ps-35357095.jpg" title="Marketing Mix" width="399" /></a></td></tr> <tr><td class="tr-caption" style="text-align: center;"><h3 style="text-align: left;"> Marketing Mix</h3> </td></tr> </tbody></table> <br /> <br /> <h3 style="text-align: left;"> Market Controlling</h3> <table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody> <tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEafo17gP-uq-7PbnI_2VRfcDZ7Mxj_XWWOHvh04W2UMkPwySZpdObfxQE0W6DNBMGAUbl2EcsMJ9sG6QQd2b3ups-XjNtuK3evrJrNIiKWfP3SEkBkeRz-_V4D19FI2LBzkYvgu8j1z7d/s1600/controlling-marketing-effort-global-market-selection-6-638.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="Market Controlling" border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEafo17gP-uq-7PbnI_2VRfcDZ7Mxj_XWWOHvh04W2UMkPwySZpdObfxQE0W6DNBMGAUbl2EcsMJ9sG6QQd2b3ups-XjNtuK3evrJrNIiKWfP3SEkBkeRz-_V4D19FI2LBzkYvgu8j1z7d/s320/controlling-marketing-effort-global-market-selection-6-638.jpg" title="Market Controlling" width="320" /></a></td></tr> <tr><td class="tr-caption" style="text-align: center;"><h3 style="text-align: left;"> Market Controlling</h3> </td></tr> </tbody></table> <br /> A series of tools such as market shares, the price premium that has been achieved along with the <br /> measures of buyer loyalty is used to determine the success or failure of the brand. It also sees whether the combination of the four Ps in the marketing mix was made in the right way or not.<br /> <br /> A person does not become a marketing manager in one day. Experience is required that usually begins from a low level job and works its way up.<br /> <br /></div>

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Who is a Marketing Manager and What Does He or She Do?

Who is a Marketing Manager and What Does He or She Do? Marketing Manager A marketing manager is involved with managing the market related activities of a firm. What is marketing management then? This…

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A Lesson In Money Management

<div dir="ltr" style="text-align: left;" trbidi="on"> <h2 style="text-align: left;"> <b>A Lesson In <a href="https://www.google.iq/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=0CCkQFjABahUKEwjiyMDr8PPHAhWnwHIKHQiHC0I&url=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FMoney_management&usg=AFQjCNGH0_5FyGUCdBAZV968L__aU9l8tw&sig2=YBX4bFQC25ZkVoymF-6RaQ&bvm=bv.102537793,d.bGQ">Money Management</a></b></h2> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkC_DTH6b_1-N_FLkaxubun9h7gmMA7D_zwiiUdfEpWU6JBQ7KyqMmOzWawhqdQEwEHwRv3RrSZyU0RzSEQCLG_wBbKj3c6zS3Y9bwnPfVleVa5jmWWW7g3nV7gDjcPGCDNyl1lQSb1lcW/s1600/strategic_money_management.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="212" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkC_DTH6b_1-N_FLkaxubun9h7gmMA7D_zwiiUdfEpWU6JBQ7KyqMmOzWawhqdQEwEHwRv3RrSZyU0RzSEQCLG_wBbKj3c6zS3Y9bwnPfVleVa5jmWWW7g3nV7gDjcPGCDNyl1lQSb1lcW/s320/strategic_money_management.jpg" width="320" /></a></div> Things have gotten pretty bad when it comes to managing credit card debt in our “borrowing nation”.  When a credit card company, or a mortgage company is encouraging you to go into debt even more by paying off a debt just to get into another, you know were in trouble.<br /> <br /> Credit card debt has grown to massive amounts.  Perhaps this is from credit card companies soliciting students at a vulnerable time, when they know they’re just going out on their own for the first time, with little to no income; it’s like dangling candy in the face of a child.  These kids are at a period in their lives when money management is the last things on their minds.  This is going to become an even bigger problem for both the consumers and the credit card companies, when the income to debt ratio is greatly unbalanced, and nobody is able or pay, or in turn be paid. <br /> <br /> It’s not only the aspect of the college students and their debts, but as well the people who knowingly get themselves into a world of trouble, spending way over their limits on credit cards, and obtaining mortgage loans that they cannot afford.  Saying that this isn’t the best way to go about things is an understatement.<br /> <br /> One way, perhaps the best way for us as consumers to begin to get ourselves out of our current mess, and keep ourselves out of trouble for the future is to learn to live below our means and spend less than we make.  This isn’t always glamorous, and you’ll never hear this advice from the credit card companies or the mortgage companies who would be glad to obtain your assets when you default payment, but doing could save your future.<br /> <br /> The way to make this much easier is to create an effective budget and learn to stick to it like glue.  Budgeting is a dirty word to most, but for those who have used a budget, and stuck to it, they swear by it.  Your budget acts as your blueprint for getting out of debt.  Using a budget lets you recognize where your spending gets out of hand, and like a self-guided missile, you can make tiny corrections where necessary to straighten back on course. <br /> <br /> Spending less and budgeting may sound like an agonizing way to live, however the alternative – forever being in debt can put you in an early grave due to stress.<br /> <br /></div>

A Lesson In Money Management

A Lesson In Money Management Things have gotten pretty bad when it comes to managing credit card debt in our “borrowing nation”.  When a credit card company, or a mortgage company is encouraging you …

Read more »