Archive for the ‘Tips’ Category
The Ethics in Lunch Meeting
October 25th, 2010 | 
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Bored with the atmosphere of the formal meeting? Create a relaxed atmosphere of the meeting with the relationship through a luncheon. However, previous to note that there are also ethical when invited or attended the lunch meeting. The following among others;
* Select a conducive meeting point
Pick a quiet place, because noise can disrupt the discussion. Note also the access to that place. Avoid met on the jam. Do not want, do not you, you are stuck in traffic until the meeting was delayed. Consult a few alternative places to clients. The place chosen not only reflect your personality and character, but also your employer. Thus, select where the service is good and the price is right. Menu and prices need to be considered to limit spending, especially if you spend at their own expense. For that, think first before choosing the meeting point.
* Agenda unlimited
All things can be a lunch meeting agenda. Starting from the team introductions, product descriptions, negotiations, explore the needs of clients, up to a job interview.
* Complete working tool
Although the meetings run more relaxed, the use of work tools such as laptops, stationery, and paper remains a must to see the outline that was created and recorded the results of the meeting. If browsing is important, then wi-fi facilities need attention. Avoid social networking sites or chat that has nothing to do with the theme of the meeting. Remember, even if done over lunch, the meeting still requires full concentration.
* Set time limits and targets
Lunch meeting of high-risk focus disrupt the meeting, between working and eating. In order to run well, determine the time and the target first. For example, in the first hour all ideas should be collected. One hour later the decision-making. If you want to talk about other things to do after the meeting reached its target. Come without a target and an empty brain could make the meeting did not produce anything except a full stomach.
* Ethics banquet
When you Host, it was you who took the initiative to offer food and beverages to be invited. Conversely, if you are invited, then wait until the Host that offers you food and drinks. Stop eating when everyone was finished eating.
* Go to chat
Avoid direct talk business before ordering food. Make light conversation, like talking about the update news on that day, weather, or anything else. From this conversation try to catch everything that is implied. This could be material to pass your destination.
* Which first, meal or meeting?
If the meeting is at 10 or 11, then the meeting was done first, then eat. If carried out at 12, take the client to eat first, and then further meetings.
Please send a thank you via e-mail after the meeting. Also send the minutes, if any,. After that, do not forget to immediately do what has become your responsibility.
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Five Ways Managing Your Money
One of the most important thing in our lives is to organize / manage your money. If you can not manage money (financial management) you with the best of it, then you like to put wine in a plastic bag with holes. In other words, your hard work in collecting the money would be wasted. What arises in your mind, when asked about how to manage your money? Here is an outline of our finances:
1. Collect
Your money does not come by itself, but the effort required in your job to be able to collect money (use of consulting services / accountants). No one if you collect your money with your own efforts; is wrong is when you make money everything.
2. Issue
You should be able to manage your money for the things that particularly. Often spend more than the income you received (for it was in need of financial management is in need is a consulting / public accountant). This is very unhealthy. Would recommend that you use the services of accountants (eg public accountant, financial accountant)
3. Store
Often times to save is a difficult thing. But you have to get used to you to save money, since it is one of the keys so you can manage your money well.
4. Invest
If you have enough savings, then you can invest your money. For this investment, consult with experts before investment income such as the accountants and public accountants regarding financial accountant you will encounter when you invest your money. An investment that needs to be done is an investment in the form of land or a house, because this is one of our requirements that the price will keep rising.
5. Give
Last key in regulating the money you are giving! Maybe you will think about whether giving money included in the set? I said Yes! Why? Because when you give to people in need, then you’re investing your money for their future.
Important Tips For Business Credit Card Owners
If you are a business owner, applying for a business credit card is definitely recommended. What are the benefits of having business credit cards? How can credit cards improve your business? In this article, we’ll discuss the advantages of small business credit cards and some pointers on how to choose the right one.
Business Credit Card Benefits
Indispensable for emergency expenses. Business credit cards are indispensable particularly when unexpected expenses arise. For instance, if you need to purchase supplies or stocks to meet a large customer order or if one of your machines break and needs to be repaired. Even if you don’t have the cash on hand to address these expenses, you can simply charge them to your card and pay by month’s end or on your next bill.
Build up your business credit. By using your card related expenses and paying back your balances on time, you can easily build up a solid credit history for your company. An excellent credit history would be an advantage when you apply for a loan for your future projects or plans. As your business grows, making your business credit strong and impressive will certainly make you a strong candidate for lenders who offer the best deals.
Track your expenses more easily. A card also helps in monitoring your expenses. You can use your monthly statements of account as reference to your accounting and bookkeeping tasks. Business credit card companies also send quarterly and yearly account summaries that are especially helpful when filing your business taxes. If you own a home based business, you can easily determine which expenses can be written off or exempted from your taxes.
Access to online banking. Cards today also offer the most convenient way to do banking- through the internet. This means, you can access your account at any time right from your computer. You can also make your purchases or make your payments online using your card. For a business owner with a very busy lifestyle, this option is indeed, invaluable.
Make the Right Credit Card Choice
How can you make the right choice of card? By researching and learning as much information as you can about your prospective card. First, determine what type of card matches the needs of your business.
Would you like a card that offers a reward program? Is your credit history good enough to qualify for an unsecured credit? Or do you need a secured credit to build your credit?
Card review websites are great tools to help you narrow down your choices. in some websites not only present a list of business credit cards that are available in the market, they also enumerate the strongest and weakest points of each card. After reducing your options to just two or three cards- take the time to read the complete Terms and Conditions of each card so you can compare them more efficiently.
How to Arrange Credit Proposal
Whatever its form is as simple as in any credit application to the bank is always accompanied by a proposal. Obviously the proposal made dependent on the amount of credit to be submitted.
Generally, the greater the number of credits required will be more comprehensive proposal. Even for a specific loan amount, the bank requested that the proposal is equipped with a feasibility study (feasibility study) made by independent consultants appointed by the bank.
There are many ways and techniques to make a proposal. However, the main essence of a proposal is contained explanation associated with such information that should be known to the banks so that bank officials facilitate understanding and processing the loan application. Simply an alternative may be used to make a proposal outlines the following:
Overview
Contains a description of the company’s identity and the type of work done the following information relating to licensing, corporate assets, as well as a brief overview of reasons to apply credits.
Marketing Aspect
Contains a good explanation relating to the implementation of the strategy and marketing for products and services offered. Also described how the opportunities in the face of competition, target market segmentation planned and intended market.
Production Aspect
Explanations relating to the technical aspects of a business unit of production. Of study are business locations, the use of raw materials and their sources, production processes, use of labor and fulfillment, as well as supporting infrastructure and facilities required.
When associated with investment projects should also be explained schedules and investment plans, including procurement of capital goods such as machinery and other support facilities.
Management Aspects
Explanations relating to corporate governance include the following organizational structure explanation, the structure of corporate management, and division of tasks for each manager.
Financial Aspects
Contains about corporate financial governance. These include the financial statements, sources and usage of funds, financial projections and sensitivity as well as cashflow.
Make proposals, as described above of course only an outline of an alternative course. In practice could be developed into a more comprehensive and even reverse simplified.
For the purposes of micro-credit, of course not necessary, detailed proposals and complete like a feasibility study. For the purposes of micro-credit to the above proposal may be submitted either verbally when applying for credit or a bank officer at the time of the visit to the location of the business. The bank officer will be advised if the micro entrepreneurs will have difficulty if required to make a written proposal.
Whatever the form of his proposal, the main essence of which must be submitted no other matters relating to data and information. Data and information is an important thing needed by the bank as the basis to perform credit analysis. Obviously the data and information submitted must be rational, accurate and relevant. It should be understood also that the data and information submitted to the banks will be confidential documents. For entrepreneurs who often feel reluctant to submit data and information by reason of fear that spread to his rivals. There is such a code of ethics that firmly held by the bank that all documents submitted to the bank kept confidential.
The issue is now how to begin. It’s simple. Suppose you told me about what has been, is and will be done on your efforts. If your business is certainly not difficult to explain it all. Your stay packaging in written form where it can be done to yourself or hire a professional party assistance.
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Posted in Credit, Tips | 
Tags: corporate assets, credit application, kredit proposal | 
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How to Manage Your Finance?
In some organizations, managers and leaders fall into the trap of believing that financial management is something that the accounts teams are fully responsible for. While there will be areas like cash management, payroll, paying suppliers and collecting payments from customers that are likely to be handled by the accounts team, financial management falls into the remit of all managers and leaders. Mangers often have concerns about this area, often believing that it is difficult and complex. The truth is that if you are an expert in your area of the business, you can excel in financial management.
1. Be actively involved in setting a budget
Most businesses now devolve budget responsibility as much as they possibly can. As a result, managers have a chance to be actively involved in determining things like:
- Sales volumes
- Temporary staffing cover for vacancies
- Staffing levels to deliver the sales
- Buying preferences in terms of products that will be used in delivering agreed volumes
- Investment in new equipment or facilities
2. Be clear on your assumptions
A budget is a plan for the future based on the best evidence you have at the time you prepare it. You will have to make assumptions about things like sales growth, staff turnover, sickness, price inflation, etc. Make sure that when presenting your budgets the assumptions are clearly stated.
3. Work with your accountant
Your accountant who works with you in the business is essentially your personal business advisor. Use your accountant in this way and you will reap numerous benefits. Your accountant gets a better understanding of your area of the business and what the key drivers of revenues and costs are, which will be immensely helpful when it comes to reviewing performance throughout the year.
In addition, your accountant can model results for you based on different assumptions and help you to get a much clearer picture of the risks that might need to be managed.
4. Share the budget with your team
As a manager and leader, your success depends on the results of the team. Take the time to share your budget with your team, including the key assumptions on which it is based. If the team know what they are aiming for in terms of financial results, they will look to do the right things operationally to get the best result.
5. Take responsibility
When the going gets tough it is so easy to start to look elsewhere for excuses. If you have been involved in setting a budget which you have signed up to, focus your energies on getting results rather than the injustice of the current situation.
6. Monitor performance and take action
Make sure that you have a process in place to carefully monitor your actual performance against the budget. If things are going well see if there is more you can do to boost performance even further. If on the other hand things are not going as well as expected, focus on the changes you need to make or action you need to take to get back on track.
7. Focus on the most important numbers
When it comes to financial management, managers can sometimes get lost in lots of detail and trivia. Be clear on what are the 2-3 big numbers that you need to pay attention to, as they will more than likely constitute about 90% of your budget. In most businesses this will be:
- Income from sales or services
- Salary costs of employees
- Major non salary cost such as materials
Make sure that you have as good an understanding of what impacts on these numbers at the business unit level so that you can keep things on track. At the end of the day, internal financial statements such as budgets merely reflect what is happening operationally in a common currency called money. Keep this at the forefront of your mind and you have a great chance to excel as a manager.