Archive for July, 2009

July 31st 2009

Accounting Top 7 Strategies For Writing



You have permission to publish this article free of charge, as long as the resource box is included with the article. If you do run my article, a courtesy reply to sean@bizmanualz.com would be greatly appreciated. This article is 909 words long including the resource box. Thanks for your interest.

Part Two of Cash to Cash Cycle Series

Part One: http://www.bizmanualz.com/articles/01-05-05_inventory_procedures.html/?ART78

Next Week: Sales

We’ve already found $250,000…so let’s find another $250,000…

Laying the Foundation

Last week, we raised the question: what would your business do with $1,000,000? To lay the foundation we introduced inventory as the first of four areas that will lead toward our million dollar goal. And you saw exactly how to achieve the first $250,000 in cash savings by avoiding delays with an increase in velocity, as well as an increase in discipline and competency. But how exactly? With time – as you saw with inventory and as you’ll see this week.

Tackling Accounting Procedures

Let’s continue that crucial theme of time with another major source on your balance sheet – specifically, accounts receivable (A/R). If you have $500,000 or more in accounts receivable then STOP! We have found it again.

Reducing Average Days Collection

Why? Because if we focus on reducing your average days collection by 50%, then your accounts receivable balance will fall to $250,000 and the result will be an extra $250,000 in your bank account. And just like that, we’re halfway to our $1,000,000 goal.

So now, let’s see how this actually works in a real-life business scenario.

Accounting Procedures Service Business Example

A service organization with $700,000 in average A/R balances needed assistance. So we examined their A/R function to understand and quantify the workflow and workload issues. Then we designed and implemented a process to improve the A/R performance.

The metrics we developed reduced their “over 60″ accounts receivables by 85% and their overall A/R balance by 50% within 90 days of implementing the new procedures. With these new processes and reports, the company now tracks Average Days Collection and past due rather than just Days Sales Outstanding (DSO) as the measure of their collection effectiveness.

read more visit my blog



i am author

No Comments yet »

July 30th 2009

Personal Loans to Get Rid of Financial Mess

Personal Loans


If a loan is applied for and used for personal purposes, it is referred to as a personal loan. It is a type of debt that is taken for family, household or personal uses. It is different from mortgage loans and business loans. The lender provides money to the borrowers as loans and the borrower pays back this loan amount. But generally the payment will be like regular installments. Personal loans are generally offered at a cost commonly known as debt interest. All your financial requirements can be easily solved with a personal loan. For reasons like family ceremony, a grand vacation and a surprise gift, the personal loans lend a helping hand. All types of your expenses are taken care of by the personal loans within a short period of time. People generally go for personal loans for covering travel expenses, medical expenses, holiday expenses, marriage and honeymoon expenses and other personal expenses.

Personal loans are offered in two major categories. They are secured personal loans and unsecured personal loans. For secured personal loans, security against property is a must. But for unsecured personal loans collateral is not required. Mostly depending on your personal preferences and circumstances the loan type is chosen. Secured personal loans are secured by collateral and are suitable when you require a larger loan amount. These types of personal loans are easier to get and secured personal loans are offered to persons even with bad credit history. Quite opposite to this is unsecured personal loan that does not need any collateral. For these loans the lender does not have any hold on the borrowers property if there is any default payment. These loans are not easier to get because the lender relies on the repayment ability of the borrower.

One of the main advantages of personal loan is that, while applying there is no necessity to specify reasons for the loan and it can be used for your personal necessities. Personal loans provide you the freedom of using the loan amount for any of your personal needs like debt consolidation, medical surgery, education expenses, vehicle buying and house renovation. The interest rates of secured personal loans are lower when compared with the interest rates of unsecured personal loans. This is due to the reason that secured personal loans are less risky to the lender since it is provided against collateral.

The major benefits the borrower gets with secured personal loans are lower monthly payments, longer loan period and large loan amount. Though for unsecured personal loan collateral is not necessary, the loan interest rates are slightly higher because the lender is at high risk if there is any default in payment by the borrower. This is not true for all unsecured loans. If you do some research you will be able to find out that there are many lenders who offer unsecured personal loans with lower interest rates. The benefits of unsecured personal loans are quick money lending, less paper work and fast loan processing. Personal loans are also offered for persons with poor credit record and this provides them an opportunity to improve their credit history. The two important factors you have to consider while applying for personal loans are the term (loan repayment period) and the Annual Percentage Rate (APR). However, you may have to do some research for choosing the best one.



Do you want a personal loan of any type? Visit http://www.webmoneymanager.info for a complete understanding of personal loans. Check out http://www.onlineloanhelp.info for obtaining student loans at ease.

No Comments yet »

July 30th 2009

All You Need to Know About Home Equity Loans

Home Equity Loans


Many people do not realize that a home equity loan is available to many homeowners. However, some take advantage of them and get one whenever they can qualify. It just really all depends on your home and the equity in it as to whether or not you may or may not qualify for one. There are many places that offer loans against the equity in your home, and you may or not be aware of them.

Why you should get a Home Equity Loan?

There are so many reasons that you might want to take out a home equity loan. Maybe you need to do some home improvements around the house. On the other hand, perhaps you are ready to take that dream vacation that you have worked so hard for. Another reason that many take out a loan against the equity in their home is for debt consolidation. You will find that this is the most popular reason for this type of loan. Simply to be debt free. Taking out a loan and paying off your debt, so that you only have one single payment that is lower to pay every month is a great reason in itself.

Where can I get a loan against the equity of my home?

Most banks or mortgage companies that offer second mortgages are known for home equity loans. Many of them will be willing to look at your information to in return give you the most for your equity that you have built up in your home.

How much will my loan be?

If you are like everyone else, chances are that you are wondering just how much of a loan you can get against the equity of your home. Well, that really all depends on the equity that you have built up in your home and how much of a loan you need. Maybe you do not need the full amount that you are offered, or perhaps you need a little more. Like stated earlier, this depends on the amount of equity as to how large or small the loan will be.

Something to Keep in Mind

If you just bought your home, and you have not made many payments on it yet, then chances are you will not qualify for a loan against the equity in your home. The reason for this is you have to make payments for a while and give the equity a chance to build up. You cannot go and get a loan against the equity in the same day or month you start paying on your home. Simply because there is, no equity built up at that time. You should at least pay on your home for a few years before you try to qualify for this type of loan.

As you can see, the home equity loan is one that can help you out if you were to get in a bind. You can get one to consolidate your debt, or to just help financially.



The author is the author of a home loans site in South Africa. If you need more information on debt consolidation then feel free to visit http://SecureBonds.co.za

No Comments yet »

July 29th 2009

Alexandrite: Ideal For Wedding Jewelry

Weddings are really important events for everyone and what better way to celebrate the perfect moments if not by wearing the most amazing alexandrite jewelry? The changing mysterious colors, the noble history and the rareness of the expensive alexandrite make it perfect for a wedding event. The bride would look spectacular and so would any guest at her wedding if they wore alexandrite jewelry.

Special occasions need special attention and the best way to do this is to have perfect catering and the guests to shine. While men have to wear impeccable suits, women have to be dressed with wonderful dresses and impress with special jewelry. The bride, who is the center of attention, will most likely want to wear something fascinating, to remember all her life. The most beautiful jewelry that will definitely make a person feel rare and precious is alexandrite jewelry.

The most likely to be able to give an answer to the question “Why?” is Randy G. Lander. She and her husband have been working with alexandrite for the last 10 years. Randy G. Lander is a Russian descendant and she carries on the medieval Khazars tradition of jewelry trading with an emphasis on alexandrite. She can tell you alexandrite is the rarest gemstone on earth. This is why it is more expensive than diamonds are and very appropriate for a wedding. Randy G. Lander also recommends alexandrite jewelry because of the color changing alexandrite they are made of. Weddings are events dominated by various emotions from fear of the future to share joy and happiness. Alexandrite can express every one of these emotions. The phenomenal gem can change its color depending on the intensity of light: from green, to ruby red or violet/purple. No other color changing stone has this mysterious power of change. The alexandrite truly dazzles the eye.

The alexandrite gemstone comes from the Czar Alexander II. The exquisite alexandrite jewelry was worn by Russian and German royalty. Empress Ekaterina was the first to own the alexandrite, but, due to a greedy and irresponsible caretaker of the royal vaults, some of the stones were sold to a German Prince. The German Prince gave the alexandrite jewelry as a gift to his wife. When The German Princess and Empress Ekaterina met, the mistakes of the royal caretaker were discovered and he was punished. The rest of the alexandrite jewelry was to be worn by the Empress herself.

Alexandrite jewelry still impresses scientists, gemologist, royal buyers and common buyers. The elements combined in an unmet before manner offer the alexandrite unique optical qualities and hardness. This is why alexandrite jewelry captures everyone’s attention and is the most sought jewel ornament.

Having such a story and such appreciation, the alexandrite jewelry should be the one you are wearing at your wedding or at someone else’s. A pair of earrings, a necklace or a ring made with alexandrite will make anyone stand out of a crowd. It is, after all, jewelry made for royalty and you are the Princess at your wedding.

No Comments yet »

July 29th 2009

Start Your Own Car Wash, Valeting or Detailing Business Successfully (part 1)



Starting in business for yourself can be a very daunting proposition and in today’s credit crunch climate, every new car cleaning operation needs all the free help and advice they can take, to keep their business growing profitably during the first three to six crucial months.

You can pre-determine the success and profitability of your new car wash, valeting, detailing or specialist detailing business by working through our simple guides and making professional and not emotional decisions when deciding how, where and when to get started..

This article looks at how you can evaluate the opportunity.

Remember – Always Do Your Research Thoroughly – Before You Start!

Whether you have even taken the brave decision to leave your current employment, follow your dream and go it alone or interested in the car care industry because of redundancy or lack of other work opportunities, the key to any successful start up car wash operation is to do your research first.

Make sure that there is a demand for the type of car cleaning business you hope to operate in your area you want to work in, before you start creating long drawn out business plans, buying chemicals and equipment or having leaflets printed.

One of the most important aspects is to determine if you are entering a specific market segment that has room to grow, or is already over-supplied within your area.

To understand the status of each specific market segment, you need to determine who your main competitors are, estimate their current volume of business, and establish the percentage of market that is already taken (and why).

Only then will you arrive at what the market potential is for your new business that exists today.

The role of continued market growth has to be seriously considered as well – as it’s very easy to have too many suppliers and too few customers.

First take a trip to a number of local automated, jet wash or hand car wash and valeting centres to see how their operation works and determine each businesses benefits and customer base.

Spend some time at each operation and take make notes on the volume and type of cars that are cleaned and the services they are offered. Even if you are thinking of opening a mobile car valeting business, this gives a good indication of how people treat their cars (often through lack of choice) and how you can improve on the service they are currently receiving.

During your assessment you might discover that most of the businesses have no redeemable benefits and no value added proposition, but rather they are “just another car cleaning business.” This gives you an opportunity to do it bigger and better, with more care and customer service!

By using an online service such as a mobile car cleaning company your compiled information and search, within a 5-mile radius of where you’d like to focus your business, to see who else is competing in your car cleaning sector.

At the click of a button you can find out details of all car wash openings and other news results and information for any given area in the country. Although these are not specific and exact figures, they still can be very helpful in making rough estimates of the opportunity in your area and how these businesses have faired since opening (i.e. are they still trading – if not why not?).

You can check at any given time whether other car wash operators have applied for planning permission to open a site within the area. If they have already deemed the area has “significant market potential” this means that you can piggyback on their research and take advantage of their belief in operating a profitable business there.

By using all the data available, you can estimate the percentage of the market that is being served by the existing carwashes and specifically for the type of car wash business you are considering. When you’ve arrived at that number, you will then know what portion of the market is truly non-competitive.

If that number alone gives you the volume you’re projecting for your business, then your analysis is finished. However, if that number does not give you the volume you want, to make the returns that you need, there is more research work to be done and decisions to be made on the realistic potential of the business.

No Comments yet »

Next »