Finance Archives - Supply Chain Game Changer™

The Role of Financial Management in Decision Making!

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Cash Is King! Creating a Culture Focused on Money Management

Businesses have come a long way from just selling products and services to refining various processes like financial management and audience targeting. Today, running a business is undoubtedly rewarding but challenging at the same time.

Meanwhile, today business owners may have to consider each aspect of the venture critically to ensure a positive outcome in the future. Especially in the ongoing volatile environment, strategic planning and success measurement are crucial for the prosperity of the business. Financial management is also one of these business aspects that demand exceptional attention.

Unfortunately, most people follow the belief that once you have set up your business, you are on your way to make money.

Tips on How to Sell Your Accounting Practice!

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7 Ways to Simplify Accounting in Your Business!

Selling any business or practice is going to be tough, and if you are looking into selling your accounting practice, this is going to be more complex.

Indeed, the majority of accounting firm owners are now reaching the age of retirement, meaning there is likely to be an increase in the number of accounting practices being put up for sale. If you are looking to sell your accounting practice, it’s highly likely that there will be some competition to get the asking price that you want.

So, how do you ensure that you sell your accounting practice quickly and with as little hassle as possible? Read on for some top tips.

How Capitalism Has Made America!

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Made in America vs. Assembled in America – Defining Terms!

Capitalism is an economic system characterized by the concentration of the means of production in private ownership. They are exploited exclusively to make a profit. Investments, production, set prices and resulting income depend on market forces. There is no centralized control by the state in a capitalist society.

How 3rd Party Liability Insurance Protects Your Supply Chain!

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How Business Insurance Can Protect You!

Businesses face all sorts of risks in almost all aspects of their business operations. Perils in the supply chain are some of the risks that can potentially cause severe and lasting damage to the capability of a business to operate and its reputation with clients and customers.

Large enterprises and multinational corporations often have to manage risks at several tiers or layers of their suppliers, vendors, and service providers.

When a business suffers from disruptions to its supply chain, this can have an impact on all aspects of its business operations. And they can often result in financial losses and damages.

9 Important Elements of Business Planning!

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Tips to Become a Successful Entrepreneur!

So, you want to start a business of your own, but you are worried about losing your investment. Well, it may seem like a very risky move, but if you do things the right way, you can end up doing better than you did at your 9-5 job.

Moreover, all the stress that you are feeling now will bear fruit if you work hard and remain consistent.

Should Your Business Apply for Factoring?

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Best Practices for Accounts Receivable and Accounts Payable!

When you’re starting a business, there are a lot of important decisions to make. One of those decisions is how to finance your new venture. There are a number of different options available, and one of the most popular is business factoring.

Business factoring is a process where a business sells its accounts receivable (in other words, the money it’s owed by customers) to a third party for cash. This can be a great option for businesses that need capital quickly or don’t have the credit history to get a loan from a bank.

DIM Weight Pricing Explained!

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Last Mile Delivery: Stop Shipping Air and Empty Boxes!

The 2014 holiday season marked the last Q4 end-of-year sales period where packages shipped based on actual weight. With the start of 2015, UPS and FedEx instituted a dimensional DIM weight pricing structure.

The US Postal Service has since adopted this pricing model, also referred to as DIM weight pricing. This has changed the way freight companies calculate shipping charges.

Easily Buy Crypto with a Credit Card: A Step by Step Guide!

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Incredible Trends in Cryptocurrency!

Cryptocurrency, in recent years, has become a popular investment choice for many. Despite the volatility of the market, cryptocurrencies have had an impressive rate of return and have been rising steadily in value.

With so much potential and the convenience of being able to buy and sell cryptocurrency with a credit card, it’s no wonder why more and more people are choosing to invest in digital currencies. However, to buy crypto with a credit card can be intimidating for first-time buyers.

This article will provide a step-by-step guide to help you easily buy crypto with a credit card.

Why Compliance is Key to Building Trust and Reputation in Industry!

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Trust! The “X” Factor!

Building trust and a good reputation is essential for businesses to succeed in today’s global marketplace. Consumers, investors, and other stakeholders want to know that the companies they do business with are morally upright, transparent, and operating within the bounds of the law.

Due to this, establishing credibility and reputation within a sector requires compliance.

How to Expand Your Business to Take Advantage of the European Marketplace!

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Signs Your Business Should Go International!

In a highly competitive global marketplace, business owners must reach a wider audience with their products and services to ensure they can compete, regardless of where they operate.

It goes without saying that the internet has fuelled the growth of international trade. Today’s customers are fully prepared to purchase goods and services online from a company outside their country – if they can be delivered quickly and reasonably priced.

That’s why breaking into the European marketplace is vital to enjoy growth and expansion for businesses of all sizes and sectors. After all, the current total population of Europe is almost 750 million people, all of which have the potential to be one of your consumers.

5 Benefits of a POS System!

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7 Reasons to Select a Cloud-Based POS System!

POS is an essential element for every business that sells goods, whether it is done online or via brick-and-mortar. A smart POS system performs more tasks than simply notifying the consumer. In a larger scale, the point of sale (POS) designates the area of retail sales.

Consider it to be akin to a checkout counter. POS consists of transaction-related operating systems, including the cash box, credit card swiper, barcode readers, and document printers.

What are Credit Inquiries and How do They Affect Your Credit Score?

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What is a Good Credit Score?

Your credit report greatly influences your financial future. Maintaining clear, correct credit reports is also essential to properly use credit and maintain the most significant credit scores possible.

You must comprehend how credit reporting functions and what you must do to guarantee the accuracy of your credit reports as a result.

22 Tips for Offering Profitable Free Shipping! (Infographic)

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Free shipping is an effective but sometimes costly sales tool. Is it possible for companies to achieve profitable free shipping?

Case studies show that free shipping increases sales, order volume, and conversion rate. Since 60% of shoppers prioritize free shipping and 81% research multiple websites before purchasing, this perk can be the determining factor between someone buying from you or your competitor.

The Best Ways to Track Sales Performance!

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What Gets Measured Is What Gets Done!

Keeping track of your sales performance might sound simple, but the details can be complicated without the right tools.

As a manager or leader, you need to have a good grasp of the key performance indicators for your company so that you make logical, insightful decisions for the benefit of your company.

Fortunately, customizable sales dashboards will make your job a whole lot easier.

How to File India GST Returns Online!

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How GST (Goods and Services Tax) Has Affected Logistics in India!

As a newly registered business, you need to acquaint yourself with several new terms and concepts.

As compared to every other term around, GST is arguably the most important one to take note of, not just due to payable nature but due to the fact that GST returns must be filed religiously for the authorities to determine your tax liabilities and the final sum that is to be paid.