Back To Basics For Working Capital Management And Business Loans

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By Stephen Bush

Small business owners will quickly realize when they review working capital management and business loan basics that the most effective commercial financing sources have changed during the past few years. Commercial borrowers might need to be alerted that there are both “new basics” and “old basics” for most business financing situations, primarily because the active role that banks have traditionally played in providing both working capital loans as well other forms of commercial loans has been quietly stopped or significantly reduced. The entire process of reviewing “working capital basics” will help businesses realize how other commercial finance options are likely to be more effective in resolving their predicament than a traditional bank solution of taking on more business debt to resolve financial problems.

Because of declining sales occurring simultaneously with decreased availability of bank financing, ensuring adequate business cash flow has become a higher priority for most businesses. In one common occurrence, borrowers are likely to attempt to juggle the timing of expenses whenever possible in an effort to match receipt of business income. Business owners will realistically be forced to “get back to working capital financing basics” because this is not an ideal solution under any circumstances.

[youtube]http://www.youtube.com/watch?v=tokv-VqS46A[/youtube]

Looking at whether it is feasible to decrease overall bank financing is certainly a potential cost reduction that should not be overlooked. Many banks are increasing their fees for almost all commercial finance services. Businesses should increasingly try to reduce their business debt levels to avoid some of the bank fees altogether. The option of firing a current bank and replacing them with a new bank charging more reasonable fees will need to be emphasized when this is not practical.

Another primary alternative for any business to explore in their efforts to deal with a mismatch of income and costs is business expense reduction, and credit card processing is always a significant cost to evaluate. This is frequently an expense area that is overlooked because the credit card processing provider was chosen for convenience or perhaps because they were recommended by a banking or other professional relationship. Analyzing alternative providers in conjunction with obtaining a merchant cash advance is one of the most practical methods for reducing this cost. By combining efforts to obtain additional working capital (via a business cash advance) with a change of processing services, two cash flow benefits can be achieved by receiving commercial financing while simultaneously reducing a major cost. Certainly there will be those who say that this is easier said than done, and it is appropriate to emphasize that this process should involve the close involvement of a business financing expert who is familiar with all aspects.

Because of the recent ineffectiveness that prevails with commercial banking, business financing can no longer be taken for granted by any business owner. Some common advice for many complicated problems is often a variation of “it is time to get back to the basics”, and working capital loans represent an ongoing illustration of this wisdom for small businesses. Working capital management is the science and art of short term business cash management, and improvements in this area should always be welcomed by commercial borrowers.

About the Author: Steve Bush has delivered candid

working capital management

and small business loan advice to business owners for over 25 years. He provides

small business financing

options throughout the United States. Stephen is the Founder of AEX Commercial Financing Group which offers commercial real estate financing, business cash advances and commercial loan programs.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=495016&ca=Business

Financial Solutions April 4th 2020

News briefs:June 4, 2010

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News briefs:June 4, 2010
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Uncategorized April 1st 2020

Legislators in US states call for the impeachment of President Bush

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Legislators in US states call for the impeachment of President Bush
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Tuesday, May 2, 2006

Legislators in three states have introduced resolutions calling for the impeachment of U.S. President George W. Bush and Vice President Dick Cheney.

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US state legislators Karen Yarbrough of Illinois, Paul Koretz of California, and David Zuckerman of Vermont have each introduced resolutions to begin impeachment proceedings. Yarbrough and Koretz are Democrats, and Zuckerman is a member of the Vermont Progressive Party.

Yarbrough’s resolution charges Bush with directing the National Security Agency to perform surveillance without a warrant in violation of the Foreign Intelligence Surveillance Act; violating the torture conventions of the Geneva Convention, and “leaking classified national secrets to further an agenda.” Koretz’ similar resolution also calls for Cheney to be impeached.

Zuckerman introduced a resolution last Tuesday in the Vermont House of Representatives that asks Congress to “initiate impeachment proceedings against President George W. Bush.” The resolution says “George W. Bush has committed high crimes and misdemeanors as he has repeatedly and intentionally violated the United States Constitution and other laws of the United States.” Twelve Vermont state representatives (Democrats, Progressives, 1 Independent) have endorsed the resolution.

The Illinois resolution invokes Section 603 of Jefferson’s Rules for the national House and Senate, which allows for the introduction of impeachment charges “by charges transmitted from the legislature of a State or territory.” Section 604 also states that an impeachment charge brought by any means would be a privileged motion, superseding most other business in the U.S. House of Representatives.

As of April 30, the Illinois resolution has been referred to the Rules Committee and has been sponsored by 17 representatives including Yarbrough.

In response to the Vermont resolution, the state’s Republican Party Chairman James Barnett said, “If this is the best they can do at this late hour of the legislative session, then it’s time to close down shop and go home for the summer so they can explain to their constituents that they didn’t reform health care because they were too busy trying to impeach the president.”

According to a CBS poll, the President’s public approval rating has steadily declined, and is so far at an all time low of 33%.

Uncategorized March 2nd 2020

Canada’s Beaches—East York (Ward 32) city council candidates speak

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Canada’s Beaches—East York (Ward 32) city council candidates speak
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This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.

Friday, November 3, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Beaches—East York (Ward 32). Four candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Donna Braniff, Alan Burke, Sandra Bussin (incumbent), William Gallos, John Greer, John Lewis, Erica Maier, Luca Mele, and Matt Williams.

For more information on the election, read Toronto municipal election, 2006.

Uncategorized February 26th 2020

Australian Defence Department funds controversial development training

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Australian Defence Department funds controversial development training
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Thursday, April 3, 2008

Australia’s Department of Defence spent thousands of dollars on controversial development seminars, Australian media reported Wednesday. The seminars are run by a San Francisco, California-based training company called Landmark Education. The company evolved from Erhard Seminars Training “est”, and has faced criticism regarding its techniques and its use of unpaid labor.

Australia’s Defence Minister Warren Snowdon said that the government is in the process of reviewing Defence Department expenditures on career development. “We’re in the process now of doing an audit, completely unrelated with anything to do with Landmark, which is being undertaken into learning and development to make sure that they meet our needs. … We have to be very sure that the courses that people do undertake are relevant, appropriate and indeed in line with what community expectations might be,” said Snowdon in an appearance on ABC Radio.

We’re in the process now of doing an audit, completely unrelated with anything to do with Landmark, which is being undertaken into learning and development to make sure that they meet our needs.

The Australian and Australia’s ABC News reported that Landmark Education had been listed in France as a “possible cult” in the mid 1990s. When asked about this on ABC Radio, a spokeswoman for the company in the United States, Deborah Beroset, responded: “What happened in France was that a commission established by the French parliament issued a report in which they listed almost 200 organisations as being possible cults … We were never contacted. We were inappropriately included in that list”.

In a program which aired Wednesday, the Australian Broadcasting Corporation radio program AM reported that Australia’s Defence Department spent at least AUD12,270 of taxpayer funds to send government employees to Landmark Education courses. According to AM, the Defence Department said it does not appear that further funds have been sent to Landmark Education since 2004.

In a statement released by the Defence Department, the government stated: “A search of Defence records does not indicate exactly how many individuals attended courses with this training provider, however it is believed it was a small number of individuals. … Defence has been unable to determine individual reasons for why groups within Defence choose this training provider.”

AM also reported that the use of unpaid labor by Landmark Education “has attracted the attention of the US and French governments,” and that some individuals in the mental health field have accused the company of brainwashing. When asked about the allegations by mental health experts that Landmark Education’s techniques amounted to brainwashing, Deborah Beroset responded: “Well, there is absolutely no credence to that whatsoever.”

Decisions on the appropriateness of staff attending courses by Landmark Education are made by individual managers who remain best-placed to assess the development needs of their staff.

In a March 9 article in the Herald Sun, Peter Rolfe reported that taxpayer money was used to send at least 37 police and government staff from Victoria, Australia to seminars run by Landmark Education. Police and Emergency Services Minister Bob Cameron said that “Decisions on the appropriateness of staff attending courses by Landmark Education are made by individual managers who remain best-placed to assess the development needs of their staff,” but State Liberal MP Murray Thompson told the Herald Sun that the funds should have been put towards fighting crime. Apple Inc., Reebok, and Mercedes-Benz have sent employees to Landmark Education seminars, according to a spokeswoman for Landmark.

In October 2006, Landmark Education took legal action against Google, YouTube, the Internet Archive, and a website owner in Queensland, Australia in attempts to remove criticism of its products from the Internet. The company sought a subpoena under the Digital Millennium Copyright Act in an attempt to discover the identity of an anonymous critic who uploaded a 2004 French documentary of the Landmark Forum to the Internet. “Voyage au pays des nouveaux gourous” (Voyage to the Land of the New Gurus) was produced by Pièces à Conviction, a French investigative journalism news program. The Electronic Frontier Foundation represented the anonymous critic and the Internet Archive, and Landmark withdrew its subpoena in November 2006 in exchange for a promise from the anonymous critic not to repost the video.

Landmark Education is descended from Erhard Seminars Training, also called “est”, which was founded by Werner Erhard. est began in 1971, and Erhard’s company Werner Erhard and Associates repackaged the course as “The Forum” in 1985. Associates of Erhard bought the license to his “technology” and incorporated Landmark Education in California in 1991.

Uncategorized February 22nd 2020

Bomb attack in Londonderry, Northern Ireland injures two police officers

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Bomb attack in Londonderry, Northern Ireland injures two police officers
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Friday, October 8, 2010

A bomb exploded early on Tuesday morning in Londonderry, Northern Ireland, injuring two police officers. Investigations into the identity of the bombers and their motive are continuing. The Real Irish Republican Army a paramilitary group that aims to bring about a united Ireland, has claimed responsibility.

The explosion on Culmore Road caused serious damage to nearby buildings, including Da Vinci’s hotel and a branch of the Ulster Bank. A telephone warning was given an hour beforehand and the area, including the hotel, was cleared. The officers, standing near the edge of the exclusion zone, suffered injuries to their necks and ears when they were blown over by the blast.

Chief Superintendent Stephen Martin from the Police Service of Northern Ireland asked for anyone who had seen the Vauxhall Corsa car in which the bomb was hidden before the explosion to come forward. Although the bomb, thought to be over 200lb, was left near the bank, Mr Martin did not think it was the intended target and said that the bomb may have been left because of the presence of police in the area.

The Deputy First Minister of Northern Ireland, Martin McGuinness, called the bombers “Neanderthals” and “conflict junkies”, and added that they were “failing miserably” to destroy the peace process in Northern Ireland. He is attending the Conservative Party conference in Birmingham; the Daily Mail reports he refused to comment on if the attack was to coincide with his absence. The city’s mayor, Colm Eastwood, who was at the scene, said he was “disgusted”, adding “I do not know what these people are hoping to achieve. They say they love their country but they spend time trying to destroy it.”

Uncategorized February 22nd 2020

Top Things To Know When Searching For Girl’s Gymnastic Leotards

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byadmin

When searching for girl’s gymnastic leotards, it can be hard to know where to start. With that in mind, read on below for a few of the top things you should know before you head out to find gymnastic leotards for your budding little champion.

Comfort MattersYou know your little girl, and you know that she is not going to wear any type of girl’s gymnastic leotards that’s too scratchy for her skin. That is why it’s important to find itch-free, super gentle fabric that will be soft on her skin so she can concentrate on what’s important—learning her routines.

Kid-Friendly, Cute DesignsShe may be a gymnast, but before that she is a little girl that loves dressing up in cute clothes with creative designs. Make sure that the designs are cute and kid-friendly or your little gymnast may not want to wear them and class could become a chore for you both.

Go for the AffordableYes, gymnastics can be an expensive sport, but that doesn’t mean you should have to pay an arm and a leg for your little one’s leotards. Do your research, compare prices, and find the best fit at the least expensive price. It is important to remember that you want an affordable price, but you don’t want to sacrifice quality in order to get it. Choose only the best, but be careful of the price and quality you are getting at the same time.

These are just a few of the things you should know about searching for girl’s gymnastics leotards. Comfortable, kid-friendly, and affordable. With these tips in mind, it’s not going to take a lot to put a smile on your daughter’s face. For more information, contact Garland Activewear today. We offer beautiful custom leotards that your daughter will love at a price you will too!

Cosmetic And Reconstructive Surgery February 22nd 2020

Paramedics protest outside New South Wales parliament

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Paramedics protest outside New South Wales parliament
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Tuesday, July 22, 2008

Paramedics employed by the Ambulance Service of New South Wales in Australia marched on the New South Wales parliament today. They called for the Government to sack Ambulance Service of New South Wales CEO Greg Rochford, hire 300 additional ambulance officers and 60 patient transport officers. Paramedics gave the Government 48 hours to agree to the proposed staffing levels or face industrial action.

“We are currently at the same levels of staffing that we had in 2002 and these not withstanding, also there’s been an increase in workload of 5 per cent per year every year since then,” said Health Services Union general secretary Michael Williamson.

The union also called for chief executive Greg Roachford and other senior management to be sacked over what has been described as a culture of bullying.

Uncategorized February 21st 2020

Wikipedia founder embroiled in affair and financial allegations

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Wikipedia founder embroiled in affair and financial allegations
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Wednesday, March 5, 2008

This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

The implosion of a relationship between Wikipedia founder Jimmy Wales and journalist Rachel Marsden has resulted in controversy and international headlines. Associated Press and ABC News have also reported on questionable activity by Wales involving Wikimedia Foundation expenses. The Wikimedia Foundation is a donor-supported non-profit organization which runs Wikipedia.

Marsden had contacted Wales two years ago about concerns she had over the article about her on Wikipedia, and Wales determined the article was not compliant with Wikipedia’s standards. The tech blog Valleywag revealed Wales had a personal relationship with Marsden, and posted supposed transcripts of their instant message conversations on its site, www.valleywag.com. Wales and Marsden met in February, and The Times reported that “An apparent transcript of their conversations before that meeting suggests that, although Mr Wales had withdrawn from the editing process, he was still influencing the editors.” The Times quoted Wales from the chat logs as having stated to Marsden “The truth is of course a much worse conflict of interest than that; but that will do.” — in reference to his conflict of interest regarding Marsden’s article on Wikipedia.

Wales posted a public statement on Saturday on Wikipedia addressing the matter, and stated that his relationship with Marsden was over: “First, while I find it hard to imagine that anyone really cares about my sex life, the facts are: I am separated from my wife. I considered myself single at the time of my one meeting with Rachel Marsden on Feb. 9, 2008 … I am no longer involved with Rachel Marsden. Gossipy stories suggesting that I have been in a relationship with her ‘since last fall’ are completely false … I care deeply about the integrity of Wikipedia, and take very seriously my responsibilities as a member of the board and as a member of the Wikipedia community. I would never knowingly do anything to compromise that trust.” With regard to the conflict of interest in Marsden’s article, Wales had acknowledged to a team of Wikipedia editors in February 2008 that he and Marsden “became friends … and that we would be meeting about that,” and stated “I recused myself from any further official action with respect to her biography.”

On Sunday, The Canadian Press reported that Marsden had posted photos of herself on Ebay, and was selling items that Wales had left at her New York City apartment. In her Ebay posting, Marsden stated: “Hi, my name is Rachel and my (now ex-) boyfriend, Wikipedia founder Jimmy Wales, just broke up with me via an announcement on Wikipedia … It was such a classy move that I was inspired to do something equally classy myself, so I’m selling a couple of items of clothing he left behind, here in my NYC apartment, on eBay. Jimbo was supposed to come visit me in a couple of weeks and pick up some of his stuff, but obviously that won’t be happening now.” Marsden told The Canadian Press “It didn’t really help matters that Jimmy chose to announce the breakup to the entire world via Wikipedia (which apparently now is an online encyclopedia that doubles as a personal soapbox?) rather than to me directly (which he did much later, in an instant message discussion).”

I care deeply about the integrity of Wikipedia, and take very seriously my responsibilities as a member of the board and as a member of the Wikipedia community. I would never knowingly do anything to compromise that trust.

Marsden placed a t-shirt and sweater which she said were left at her apartment by Wales up on Ebay, and started the bidding for each at ninety-nine cents, with the auctions set to end on March 12. By Monday, bidding on the t-shirt had reached US$300, and by Tuesday the highest bid had reached $12,200. In an email to The Globe and Mail, Marsden stated “My only focus right now, to be really honest, is on my career and finding a way to get back into print, TV, or radio here in NYC,” she wrote. “All of this other personal stuff is just an unfortunate distraction.”

Jay Walsh, the Wikimedia Foundation’s head of communications, told the San Jose Mercury News that Wales’ actions in relaying Marsden’s concerns about her Wikipedia article to a team of trusted editors was within his “routine” role. When asked by the San Jose Mercury News if Wales’ actions regarding the Marsden article could compromise his role with the Wikimedia Foundation and Wikipedia, Walsh responded “No, absolutely not.”

On Tuesday, ABC News carried a story by Wired News reporter Megan McCarthy regarding allegations of “excessive spending” by Wales, and Associated Press also reported on questions involving Wikimedia Foundation expenses. McCarthy reported that former Wikimedia executive Danny Wool, who had left the foundation last year, criticized Wales’ use of Wikimedia Foundation expenses in a blog post. Wool stated that Wales had tried to expense $300 bottles of wine, a $1,300 dinner for four at a Florida steakhouse, and visits to Moscow massage parlors to the foundation, and that the foundation rescinded Wales’ corporate credit card in 2006. Wool also stated that Wales paid the foundation $7,000, after being short $30,000 on receipts for expenses.

Wool told EPICENTER that “There were occasions where he used [the Wikimedia Foundation] for personal advancement under the guide [sic] of the mission. And, as someone who was in there for the mission part of it, I found that rather distressful.” Wool commented in an interview with the San Francisco Chronicle: “Originally, it was carelessness … But as things developed, it became more apparent and obvious that he was taking advantage of the foundation credit card. It was almost like his personal piggy bank.”

Jimmy has never used Wikimedia money to subsidize his personal expenditures. Indeed, he has consistently put the foundation’s interests ahead of his own.

In an instant message exchange with Associated Press, Wales denied that the Wikimedia Foundation had taken away his corporate credit card, and asserted that he had made the decision to stop expensing business travel for the foundation. Wales highlighted a statement by the foundation’s executive director Sue Gardner: “Jimmy has never used Wikimedia money to subsidize his personal expenditures. Indeed, he has consistently put the foundation’s interests ahead of his own.” In an email to Associated Press, Brad Patrick, a former attorney for the Wikimedia Foundation, stated “Danny seems interested in blogging his way straight to a lawsuit”.

Florence Devouard, who chairs the Wikimedia Foundation, told Associated Press that Wales had been “slow in submitting receipts,” and that the foundation had rejected Wales’ expense at the Florida steakhouse. Devouard told fellow foundation board members in a private email that she had convinced Associated Press that “the money story was a no story,” and told Wales “I find (it) tiring to see how you are constantly trying to rewrite the past. Get a grip!” Wales told Associated Press: “The board, the current executive director, the previous executive director, and independent auditors have reviewed our books and publicly agree that all of my expenses were appropriate and fully accounted for.”

Media reports speculated on how the controversy would end up being represented in Wikipedia itself. On Wednesday, the St. Petersburg Times wrote: “Wales’ Wikipedia page said only this about Marsden: ‘Wales had a brief relationship with Canadian journalist Rachel Marsden.'” An article in The Australian surmised: “History will decide whether Mr Wales broke his own principles, but before that happens there may well be a Wikipedia page devoted to the controversy.”

Uncategorized February 21st 2020

News briefs:June 3, 2010

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News briefs:June 3, 2010
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Wikinews Audio Briefs Credits
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Recorded By
Turtlestack
Written By
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Uncategorized February 21st 2020