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9 Strategies for Writing Accounts Payable Procedures
The Cash to Cash Cycle Part Four of SeriesNext: Complete Cash to Cash CycleThe white flag is just a nose away…toward the Million dollar prize in cash savings for your business…So far, in Inventory and Accounts Receivable, we've found $250,000 each in cash savings. Then we found another 250K in Sales and Marketing. And so, now, Accounts Payable is the final process within the Cash to cash Cycle - and also the final $250,000.The cash cycle is undoubtedly the single most important process to optimize for any business – from when you spend money to when you get money.Circling the Cash to Cash CycleSo let’s tie this back to accounts payable - the event that pays for the liability incurred by purchasing, which is for inventory required by manufacturing to meet demand. Sales generate this demand that creates the accounts receivables, which is turned into cash. And now we have come full circle and completed the discussion on the cash to cash cycle.Increasing the Velocity of Accounts Payable ProcessesYour accounts payable is a bit different than the other processes we have examined so far. The first three processes we looked at represented processes where the focus was on reducing the size of assets (inventory or accounts receivable) or expenses (marketing) and increasing the velocity or cycle time. But in accounts payable our focus is on increasing the size of the asset, while maintaining a solid credit rating - and increasing the velocity of the process.Now let’s look at how to find $250,000 in accounts payable savings. If your organization has $500,000 in accounts payable each month, then STOP! We ca

ctiveness is measured daily in their firm's share price, private and family business presidents need not be concerned with their company's value as their shareholders, if any, typically focus upon profit only.

Value Measures the Size of Your Pile

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5 Signs You Selected an Incompetent Professional
How can you be sure that the chiropractor, plastic surgeon, psychologist, or attorney that you’ve selected is professionally competent, that he or she is likely to handle your case with skill and due care?The short answer is you can’t.In his book, THE TAO OF NEGOTIATION, author Joel Edelman, a mediation specialist and law professor, says 90% or more of the professionals he has encountered he’d consider so inept that he would not personally use their services.People who seem to have some of the best credentials staring down from their high-rent walls may have once been super at what they do, but if they’ve grown lazy, or they’re distracted by personal problems such as drug or alcohol addictions, or they’re “phoning it in” during summer days, or they simply don’t take your matter seriously, you, your objective, and your money may be in jeopardy.I believe there are at least 5 signs that you may have selected an incompetent practitioner and that as soon as you can, you should at least call a “timeout” in your work together, or halt it altogether.(1) They agree to handle your case or problem without performing a thorough interview to determine all of the relevant facts. For example, any attorney worth his salt will know that each case has its own peculiarities and dynamics, and by investing “intake” time with you on the front end, they’ll make their jobs smoother and less subject to nasty surprises.(2) They don’t show patience in answering your questions, they’re not open to hearing more about your needs or concerns than you expressed in the initial interview, or they simply won’t return your phone calls. After you agree with a surgeon to do a l

Growth through acquisition should not be considered an option reserved solely for large or Public Companies. Small and mid-size businesses that opt to grow by acquiring other companies, rather than growing one new customer at a time, can gain benefits in addition to increased sales and profits.

Timing is Right - Two elements have combined making growth through acquisition an attractive option for small and middle market companies.

Demographics - The maturing of the Baby Boom generation, many of whom own their own businesses, will increase the number of owners willing to consider selling to an historic high.

Financing - Money is available to finance small and middle market acquisitions. Banks and non-traditional lenders are aggressively pursuing acquisition lending at a level we have not seen in twenty years. Cash required to do a deal is at an all time low.

Profit Pays the Bills Profit and Value are two main financial components of every business. Profits are essential and therefore on every businessperson's front burner. Value, on the other hand, is an elusive and intangible issue. Unlike Public company presidents, whose effectiveness is measured daily in their firm's share price, private and family business presidents need not be concerned with their company's value as their shareholders, if any, typically focus upon profit only.

Value Measures the Size of Your Pile

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Christian Job Search: Put Faith IN Your Resume, Not ON It
Faith should show up in your resume, not on it. There's a huge difference.Most Christians I've worked with have asked me to help them write or revise their resumes. Some have asked me if their faith should be on their resume somewhere.One could make the case that ministry-related jobs are "Christian jobs" and that a search targeting them is a "Christian job search" and, therefore, your resume ought to mention your faith. I agree, in that context. If you're not seeking a ministry-related job, though, you faith shouldn't be listed, hinted at, or referred to.In those cases, your faith has no place on your resume. But it should be in there. Here's what I mean.You resume IS NOT an advertisement for your faith. It IS an advertisement for the effects of your faith.Your faith shows in What your references say about you The absence of lies on your resume The excellence of your achievements If your references say you did a bad job, or you were the office politics champ, or they suspected you were going to stab them in the back, your faith isn't in your resume.If you lie on your resume about your achievements, work history, education, or anything else, your faith isn't in your resume.If your resume implies you just showed up and collected a paycheck at your last job, your faith isn't in your resume.If your faith isn't in your resume, putting your faith on your resume doesn't mean much.Do you remember the adage that actions speak louder than words (the Bible story about the Good Samaritan describes the same principle)? Putting your faith in your resume means showing that you liv

ts.

Timing is Right - Two elements have combined making growth through acquisition an attractive option for small and middle market companies.

Demographics - The maturing of the Baby Boom generation, many of whom own their own businesses, will increase the number of owners willing to consider selling to an historic high.

Value Measures the Size of Your Pile

Shareholders of Public Companies m

Vacations are a MUST for the Self Employed
I've just returned from a 20-day vacation to Yosemite, Sequoia and Kings Canyon National Parks.It's impossible to describe the sheer terror of finally deciding to take more than a week's vacation. Would my business crumble? Would I miss logging on each morning to get my email? Would my clients remember me when I returned?? Would I miss a new business opportunity while I was gone?It all started rather simply: three different opportunities for speaking engagements came up in California, and so close to one another that it seemed silly NOT to go to California and do presentations. My husband casually suggested, "Why don't we both go, then take some time for a vacation while we're out there?" It seemed reasonable enough.In the past, I'd take a week-long vacation a few times a year, and my business had survived. But 20 days away from my office? It took a bit of getting used to.But let me tell you a secret: starting the very first day, I never once had a interest in finding an internet caf? and checking my email. Not once did I feel like I had to pick up phone messages and return phone calls. It was shocking that I could so easily leave it all behind. It was heaven!Vacations are mandatory for self-employed people. When you do your annual budgeting for your business, schedule in enough revenue so that you can afford the cost of the vacations as well as the cost of not earning money for the weeks you're away.Why? Because we all need a break from our businesses, from the high-energy involvement, from the stress, from the stuck places. You need time to pay attention to yourself, to those you love, and to do the other things you enjoy. You

to consider selling to an historic high.

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Are You Willing To Do Whatever It Takes To Succeed In Business?
Ladies and gentleman, meet Mo, Larry, and Curly Entrepreneur. These fine fellows are here today to help answer the age old question: Why do some entrepreneurs achieve stellar success while others achieve only moderate success while still others fail in business miserably?To level the playing field let’s pretend that each of our wily entrepreneurs all started their businesses on the exact same day, selling the exact same product at the exact same price. Let’s also pretend that they started their businesses from identical locations, with the exact same resources and funding, and with the exact same opportunities and odds for success. Even when starting from the same place at the same point in time with the same resources and same opportunities, the results vary widely; some entrepreneurs succeed in an amazing way and others do not.Why then does one entrepreneur, in this case Curly because he is my favorite Stooge, reach the stars while most Stooges never make it off the ground? Why does Curly get to give the crowd a "Woop, woop, woop!" while accepting the Chamber’s Small Business of the Year Award while Mo and Larry have to work as waiters at the event to help pay their bills? Great questions, but before we explore the answers let’s take it a step further. Let’s vary the equation since no two business startups are ever really the same. Could the difference in the level of success achieved be a result of the amount of financial backing each Stooge had? Could it be that one entrepreneur was simply smarter than the others (probably not in Curly’s case)? Or perhaps it was just good old dumb luck that made the difference. Or maybe God was just tired of Mo and

time low.

Value Measures the Size of Your Pile

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Shave Years Off Becoming Successful On The Internet
Look at all the most successful athletes and business people, they ALL have coaches. So what does that tell you? Well, for one thing, stop being so darn independent!Ever since childhood we were taught in school to NEVER look at another student's test or discuss how to solve a problem. Sure there are times when you worked together when working on fun kid projects in the classroom and singing "Yankee doodle" together, but for the most part they wanted us to think for ourselves.Unfortunately that's not how the real world works if you want to be a success more quickly and easily. To put it simply, you are not the smartest person in the world and you cannot possibly do everything by yourself.You readily accept this fact if you wanted to learn how to play the piano, martial arts, or sports because you know you need a coach. If you don't, and if you are not a prodigy, then you are going to waste years of your life trying to be cheap and doing everything by yourself.Yet when it comes to your success on how to make money on the internet, most people does not make that same connection! No experience mixed with no guidance is a recipe for disaster.And without a mentor to prepare you for the challenges that lay ahead, chances are that you will be headed in unnecessary disappointment and challenges that will take you ten times as long to achieve the level of success you desire. That is just common sense! So why not use your common sense when you want to make money with internet as well? Sure you will have to invest in a few thousand dollars in the process, but isn't that better than banging your head on the keyboard trying to figures things ou

Value Measures the Size of Your Pile

Shareholders of Public Companies measure their wealth (or the size of their pile) using share value not earnings per share. Successful CEOs, therefore, develop strategic plans for growth and profit that maximize shareholder's value. Mergers and Acquisitions is a fundamental element of most strategic plans to grow profits and value simultaneously. What follows is an overview of Public Company strategies to grow profits and value through acquisitions and how to adapt these strategies to private and family businesses. Although the topic may seem technical and complex it is really quite basic and straightforward.

An Overview Adding earnings or profits is self-explanatory. We will, therefore, focus primarily on the value component of growth through acquisitions.

We know a Public Company's Price/Earnings Ratio measures the amount investors are willing to pay for $1 of company earnings and that a P/E ratio of 15 for a well-run company is not unusual. Consequently, company BIG with 100 million dollars of earnings and a P/E Ratio of 15 has a value of 1.5 billion dollars. We also know private company P/E Ratios are much lower than those of Public Companies.

Strategy #1 - Ac

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When John applied for a job at Oakland Company, his resume looked fabulous, showing tremendous talent and advancement. His qualifications were beyond question and he built immediate rapport with everyone in the interview process. Every one of his references checked out. Six months later, you were wondering why you hired this clown. This article looks at common mistakes recruiters make and offers best practices to help overcome them.

Having been in the car wash industry for a number of years I can tell you that most of the people who sell soaps and chemicals to the car wash industry believe that each carwash spends huge amounts of money on soaps and chemicals.

Introduction of the Internet has revolutionized the gaming scenario worldwide. Their popularity has grown tremendously over the years. Unlike other normal games, strategy games require a lot of planning and thinking on behalf of the player. Online strategy games enable people across the world to interact and play each other. They help in enlarging the scope and dimension of the gaming community worldwide. Such games help people from one country match their skills and powers with opponents from other countries.

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