Tag: communication

How Businesses Can Prepare for Natural Disasters

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

Read More

Optimistic Projections

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

Read More

How to Manage Organizational Diversity

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

Read More

Manage your Banking Relationship

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? 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 adversary. If you are

Read More

Relationship With Your Lender

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 Tips With Your Lender The question I get most often from people is “What affects my relationship with my lender

Read More

How to Run an Effective Meeting

Tips 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

Read More

Estimate Expenses for Annual Budget

See Also: Capital Budgeting Methods Zero-Based Budget Cash Flow Projections ProForma Financial Statements Proforma Earnings Make Educated Estimates 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

Read More

Data Communication Redundancy

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 Many businesses today have mission critical communication and data sharing needs. Whether these needs arise from customer

Read More

Finding The Right Lender

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? How to Find The Right Lender During a question and answer portion of a recent speaking engagement, I was asked “How do you find the

Read More

Designing an Internship Program

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

Read More

Electronic Data Interchange (EDI)

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

Read More

Don’t Tell Your Lender Everything

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 The Reason Why Don’t Tell Your Lender Everything I have been talking about communication and developing a relationship with your lender. A reader wrote

Read More
Scroll to Top
WIKICFO® - Browse hundreds of articles
Skip to content