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How Can a New Business Avoid the Cash Crunch of Extending Terms to Its Customers?

moneyAlmost every single business that exists today is expected to extend their services or products to their customers on a 30, 60, or 90 day basis. A business will enter into an agreement with the customer that states that the customer does not have to pay for goods or services for 30 days and up. This is extremely common in the business world when businesses are doing business with another business. It is much different in the personal world where most items are due upon receipt. This common method of payment amongst businesses can cause cash flow problems. When businesses start having cash flow problems they may think that the best idea is to turn to a bank for small business loan, but banks will not often fund a business loan in time. There is an easier solution for businesses that have a lot of money sitting in invoices. [Read more…]

How to Communicate Well with your Employee?

How to Communicate Well with your Employee“We are learning how to communicate,” I say. I know the importance of good communication. Good communication is the lifeblood of any relationship or organization. And communication takes many forms, including writing, speaking and listening. Part of deciding well is communicating well. [Read more…]

Why Business Leaders Should Listen?

Why Business Leaders Should ListenOf all the forms of communication, effective listening may be the rarest and most important. Leaders listen well, because they set aside enough time to have conversations, in settings that are conducive to talking and listening. Where is as important as when. [Read more…]