 Category :: Management Articles |
Author :: Michael Potas  |
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| Article Title :: Why Is It So Difficult To Collect Timesheets? |
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| ItÂ’s an all too familiar story: ItÂ’s Friday afternoon, and you need to finish your accounts and get those invoices out so you can stay in control of your cash flow. You look over your staff timesheets and see that, as you predicted, many of your staff havenÂ’t submitted them yet. You chase them up, only to find out that one of your staff is at a meeting at a client site and cannot be contacted, and a couple more have already left for the weekend. Then there are those that have to be told three times to do their timesheets. How are you supposed to cope with this and still have time to run your business?
There are a number of methods to deal with this type of situation (read full article) |
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| Category :: Management Articles |
Author :: Jim Estill - |
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| Article Title :: Good Ways To Procrastinate And When Procrastination Might Be Good |
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| Good ways to Procrastinate and when Procrastination might be good.
I am writing this with the din of jackhammers in background. I am working on the weekend (surprising at that might be); feeling sorry for myself that I cannot get good quiet uninterrupted time in like I had planned.
I thought I would write an article on Procrastination since that is what I am doing now. I have more important things to do (please donÂ’t take offence). I am going into a heavy travel schedule so like to have a few posts written or at least roughed out so I can post quickly while I am on the road. So writing a post is not a terrible use of time.
I started thinking about (read full article) |
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| Category :: Management Articles |
Author :: LeeAnna - |
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| Article Title :: Can A Learning Management System Help Your Business? |
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| It is well known in today's time that knowledge is power and the more training your employee's receive, the better the employee, thus having a more successful company. Businesses today need to be constantly looking for a more efficient way to manage their business and it's a smart idea to invest in a learning management system that will help those within the business run a better business. The more knowledgeable the employee the stronger partnership between boss and employee, the better everything runs like a well oiled machine. Businesses are increasingly focusing on knowledge as an asset for survival in a competitive world. Good learning management systems are required if you want your bus (read full article) |
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| Category :: Management Articles |
Author :: Henry Byers - |
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| Article Title :: Invoice Factoring As A Short-Term Cash Flow Solution |
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| Invoice factoring refers to the practice where smaller companies sell invoices in order to receive money today. IN this case they do not have to wait for a credit period of 30, 60, or 90 days. Thus by selling invoices smaller companies do not create debt. This practice of invoice factoring is basically used as a finance management tool.
This practice of invoice factoring is usually adopted to avoid any loans or giving any collateral against availing any loan. The fee for invoice factoring is paid in terms of discount. This discount can ranger anywhere between 2.5% to 7%. As a result of invoice factoring the smaller companies avoid exhibiting any loans on their balance sheets pl (read full article) |
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| Category :: Management Articles |
Author :: Barry Evans |
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| Article Title :: 8 Ways to Avoid Litigation When You Sell a Business |
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| Based on recent litigation storm clouds, business owners planning exit strategies better batten down their legal hatches.
As a small business owner, your company most likely represents a significant portion of your net worth. ThatÂ’s why itÂ’s crucial not to let litigation wash it away when the time comes to convert your years of hard work into cash.
Selling a business involves substantial amounts of money and a wide range of issues including warranties and representations, disclosures and contractual obligations. Consequently, there are many opportunities for litigation to arise. Not only is litigation highly unpleasant and disruptive to your lifestyle, it i (read full article) |
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| Category :: Management Articles |
Author :: Barry Evans |
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| Article Title :: How to Inform Employees When You Sell a Business |
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| What is the best way to inform employees when you sell your business? Wait until the transaction is a done deal.
After many years of representing people who want to sell their businesses, experience has taught me that complete confidentiality about any thoughts of selling are in the best interests of every business owner. Consequently, the best time to make any announcements about selling will be on the afternoon of the day your transaction closes. That announcement should be well rehearsed and should include a personal introduction of the New Owners.
The meeting should be planned in advance so that 100% of all employees are in attendance. In that meeting, you can e (read full article) |
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| Category :: Management Articles |
Author :: Barry Evans |
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| Article Title :: How to Plan Your Business Exit Strategy |
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| You started your business with dreams of making millions. When the time comes to sell your business, you will want to keep as many of those after tax dollars as you possibly can in exchange for your blood, sweat and tears. Advance planning can make a big difference in the amount you pocket after the sale of your business.
Consider this. Under prevailing tax rates, Owner A sells a business for $1 million in cash and nets $800,000 in after tax proceeds. Owner B also sells his/her business for $1 million in cash, yet only nets $500,000 (or less) in after tax proceeds. The difference in the cash you keep has everything to do with the form of ownership and elective tax status, the na (read full article) |
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| Category :: Management Articles |
Author :: Hanif Khaki |
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| Article Title :: How Does Human Resource Management in the Workspace Effect Me? |
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| How often do you find yourself saying: "I wish I knew how to learn more about this topic"
Well, we were listening! And this article is the result.
Today human resources management is opening up new horizons in many different offices around not only the United States, but the world. The reason for this is simply supply and demand. More savvy business owners –even of smaller companies, have understood the value of hiring professionals with experience working in HR. By doing so, and having HR representatives, companies have learned the importance of solid communication with their workforce
The fact is that Human Resource Management exists just for thi (read full article) |
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| Category :: Management Articles |
Author :: Eklavya |
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| Article Title :: ItÂ’s okay to be happy at workplace |
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| Yes, itÂ’s ok to allow yourself the luxury of being enthusiastic, light hearted, inspired, relaxed and happy at workplace. If you donÂ’t do this, you are self-denying your true potential.
It’s unfortunate that many people think that a happy demeanor at office would appear ‘Strong’ and ‘out of place’ to other people including coworker, clients and employee. Often they wrongly assumed that if someone is looking happy, he/she must be satisfied with the status quo and, therefore, lacks the necessary motivation to excel in his/her work or to go to the extra mile. And s/he simple can’t compete in a competitive environment.
This sort of thin (read full article) |
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| Category :: Management Articles |
Author :: Kelly Gillis |
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| Article Title :: Outsourcing Transcription To Save Costs |
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| Looking for ways to cut costs has become a way of life in most medical offices and institutions. One very efficient way to reduce expenditures has been found to be the outsourcing of medical transcription services.
In the past medical and business transcription was performed by in house based employees. This means that the institution not only had to pay salaries, health care benefits, vacation and sick pay for their employees, they also had the expense of the physical space and equipment needs. Hospitals and other institutions have found that outsourcing of their transcription needs eliminates some of these internal management responsibilities and costs.
Most insti (read full article) |
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