How businesses can prepare for natural disasters in the future and how to best react to them is something financial leaders and business leaders often neglect to address until after the fact. Hurricane Harvey made landfall almost two weeks ago on the Gulf Coast of Texas and Louisiana, impacting some 50 counties. It dumped an
By publishing overly-optimistic projections, your company could be at risk for internal financial problems, misleading investors, miscalculating inventory and staff, and more. As we reach the halfway point in the year, it’s time to revisit whether your company has realistic or optimistic projections. Are your sales projections still on target? Now is a good time
In the United States, we live in a melting pot of diversity. Since diversity is present in American society, you would probably expect it to be prevalent in most workplaces. Unfortunately, as a society we often look at diversity as a disadvantage instead of an opportunity to help us succeed. Interpersonal conflict caused by diversity
See Also: Financial Jargon Categories of Banks Finding the Right Lender Funding Source Versus Lender Interest Definition Is it Time to Find a New Bank? Manage Your Banking Relationship In order to manage your banking relationship a key strategy is to establish lines of open communication with your banker. Treat them as your friend instead of an
See Also: What do Lenders Really Look at What Does a Lender Want to Know Don’t Tell Your Lender Everything Due Diligence on Lenders Every Business Has a Funding Source, Few Have a Lender Relationship With Your Lender The question I get most often from people is “What affects my relationship with my lender the
How to Run an Effective Meeting When you run an effective meeting, it saves both time and money. In addition, you are also able to accomplish more. There are 5 steps on how to run an effective meeting, including the following: Consensus/feedback Agenda/purpose Ground rules Leadership/facilitation Process Consensus/Feedback Take a few minutes at the start
See Also: Capital Budgeting Methods Zero-Based Budget Cash Flow Projections ProForma Financial Statements Proforma Earnings Estimate Expenses for Annual Budget How do you estimate expenses for annual budget in your company? Estimating expenditures for your business can be much more than just a guess. You can use data and previous experience to make an educated
See Also: Technology Assessment Criteria How to Respond to an Imminent Disaster Threat Technology Strategy for Small to Medium Sized Companies How to Evaluate IT Systems How do You Know When it is Time to Buy New Software Data Communication Redundancy Many businesses today have mission critical communication and data sharing needs. Whether these needs
See Also: Bankers’ Language is Financial Jargon Categories of Banks Funding Source Versus Lender How to Manage Your Banking Relationship Interest Rate Is it Time to Find a New Bank? Finding The Right Lender During a question and answer portion of a recent speaking engagement, I was asked “How do you find the right lender?”
5 Steps to Designing an Internship Program Internship programs are a great way for your organization to bring in new talent and fresh ideas with motivated and knowledgeable interns. Many companies offer internship programs for college students. Both the organization and the interns benefit from the value of an internship experience. Establishing successful intern programs
See Also: Technology Assessment Criteria How to evaluate IT systems Technology Strategy for Small to Medium Sized Companies How Redundant is Your Data Communications Link? How to Respond to an Imminent Disaster Threat Electronic Data Interchange Definition (EDI) What is electronic data interchange (EDI)? EDI is a standardized format for computer-to-computer communications transmitted via electronic
See Also: The Relationship with Your Lender The Dilemma of Financing a Start-up Company Finding the Right Lender Every Business has a Funding Source, Few have a Lender Mezzanine Debt Financing Don’t Tell Your Lender Everything I have been talking about communication and developing a relationship with your lender. A reader wrote me, “If I
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