Author Archives: Kyle Richardson

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Increase Your Cashflow

Top Notch Loan Alternatives

We all know the importance of maintaining a positive cashflow from month to month if we want to avoid a liquidity crisis, and all the misery that entails.

There is a lot more to cashflow management than just avoiding a crisis. Actively striving to increase your cashflow can –

  • Make it easier to plan and fund future growth and expansion
  • Reduce the amount of fixed capital you need at any one time
  • Give you the flexibility to move quickly and effectively in response to market changes

The key to successful cashflow management is to optimise the amount of cash available to you at any one time. This means increasing your cashflow as much as you can, without jeopardising other strategies. This means that you have to find a balance to suit you.

Credit

It is also important that you don’t impose too strict a regime, otherwise you could drive away customers, and they won’t want to refer you! You need to find the right balance to suit you and your situation.

The first, and most important, step is to establish a system for tracking and controlling credit. The faster you receive a payment from your customers, the more cash you will have at your disposal; therefore, it is important to bill early, and chase up customers who have failed to pay.

Payments

At the same time, you should also take advantage of any incentives your creditor offers you. If your cashflow will allow it, this is a useful option to have.

Prices

While it is important to keep your prices competitive, you also need to make sure you are increasing your prices to cover any increase in costs; or else your cashflow will suffer. Remember, most customers tend to expect an annual rise in prices, provided it is within an acceptable range.

Call the experts

The key to successful cashflow management is to optimise the amount of cash available to you at any one time. This means increasing your cashflow as much as you can, without jeopardising other strategies. At the same time, you should also take advantage of any incentives your creditor offers you. If your cashflow will allow it, this is a useful option to have.

This is an area in which we have a great wealth of experience. If you are struggling, or would just like a helping hand, please feel free to contact us to discover and arrange a meeting how much we can help improve your cashflow.


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Should You Use A CPA

Should You Use A CPA

The following 5 items may be indications that it may be to your advantage to have an accountant.

If your income is under $200,000 then your likelihood of being audited is about.9%. If your income is over $200,000 your odds are 3.7% and if your income over $1 million it increases to 12.5%. Wouldn’t you prefer to have an accountant already on your side if the IRS contacts you?

Many taxpayers do their own tax returns (DIY) by using an off- the-shelf or online tax software. If you expended more than a few hours on your taxes this year, it’s time to ask yourself whether it makes sense to outsource this task to an accountant. Am I preparing the tax returns correctly or am I overpaying my taxes?

Most business and rental properties and take an expense called depreciation on capital assets. A tax accountant will know how to handle capital assets and depreciation. I good tax accountant will assist you minimizing your taxes.

You anticipate selling of stocks or other capital assets. An accountant can help you plan do that the gain is taxed at a lower rate than your ordinary income and help you find other ways to minimize taxes like tax-loss harvesting.

You want to provide for your children’s or grandchildren’s future. Accountants can be instrumental to help choose which vehicles to use for tax tax-free or deferred savings, whether you are considering a 529 plan for college savings or forming a trust for your grandchildren and children.

Available year-round. Most accountant offices are open all year and they will be able to answer important questions that arise not just during tax season but at other time during the year.

An accountant can help you plan do that the gain is taxed at a lower rate than your ordinary income and help you find other ways to minimize taxes like tax-loss harvesting.

A tax accountant is so familiar with the tax system, he or she can swiftly and effortlessly complete tasks that might take taxpayers hours of research. Even if your tax situation is straightforward, engaging a tax accountant will save your time and stress.

Here are some advantages of hiring a tax accountant:

You are too busy to do your own taxes. Having an accountant prepare your returns will allow you to accomplish your other tasks.

Similar to a respectable family doctor that knows your medical history, you can cultivate a rapport with an accountant so that he or she understands your family financial condition and future goals. The value of this advice can certainly exceed the extra cost of consulting with a tax professional.

The bottom line is this: the decision to doing your taxes yourself with software or hiring a tax accountant is a personal decision. If you only have a few W2s and own a residence then you may save hundreds of dollars by preparing your own tax returns, whereas those with business income, other investments and rental properties will discover the expense of hiring an accountant to be worth their peace of mind and potential tax savings.

The bottom line is this: the decision to doing your taxes yourself with software or hiring a tax accountant is a personal decision. Your comfort and knowledge with the tax code will be part of your decision, but the complexity of your finances should be the key determining element. If you only have a few W2s and own a residence then you may save hundreds of dollars by preparing your own tax returns, whereas those with business income, other investments and rental properties will discover the expense of hiring an accountant to be worth their peace of mind and potential tax savings.

A tax accountant is so familiar with the tax system, he or she can swiftly and effortlessly complete tasks that might take taxpayers hours of research. Even if your tax situation is straightforward, engaging a tax accountant will save your time and stress.


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Professional Management Consulting

Professional Management Consulting

Putting Professionalism back in Management Consulting

In the 1980s, things began to change. Application packages quickly replaced custom development. This lowered the cost of a quality system, but it also created a gap between the business and the system.

Consulting firms developed methodologies for system planning, system evaluation and acquisition, and system implementation. The methods were executed by junior consultants, who no longer needed the analytical capabilities and business knowledge of past professionals.

Consultants chased the new business opportunity in packaged system implementation. It started with the big audit consultants, whose approach to consulting tended to parallel the approach to auditing– use junior staff to follow methodologies and produce deliverables.

Much of the professionalism has gone out of management consulting. What do we have to do the bring professionalism back into consulting, particularly for business change and management improvement consulting.

This is one of the issues we have been discussing at the Business Change Forum, in order to define problems with conventional methods and discover breakthroughs in enterprise management.

For consultants, employing the application package to improve the business was risky and difficult. The risk had to be contained, so the approach became system implementation to convert a defined portion of the existing business over the new system.

Integrated applications systems were relabeled as ERP systems and proclaimed to employ industry “best practices” that would automatically solve the problem. Many consultants supported a particular ERP package implementation, so then system planning and system evaluation and acquisition methodologies favored that package to bring in the enormous implementation revenues.

Since he no longer developed the system, the professional, who understood the business, had to dig deep to understand the functionality of the package to apply the advanced features that enabled the business to improve. The professional who understood the package did not understand the business and saw his role as explaining use of system.

In the 1990’s a new wave came in business process re-engineering, producing new business transformation methodologies. These methodologies concentrated on the business, but avoided IT, since business change could be executed quickly, and IT change was notoriously slow.

ERP system implementation employed the same implementation methodologies that concentrated on conversion of existing data, business rules, and practices. Employing industry best practices required strong user effort beyond what the consultants provided.

I have seen many changes in my forty years as a professional management consultant, particularly in the business change and management improvement practices. Much of our value was in helping users define and understand the main results the business had to produce and then in designing the full man-machine solution to produce better results. We did not implement the system, we implemented the procedures and methods to improve results using the system.

In recent years, there have been exposes of the problems with management consulting. Books have been written about the bad practice that also developed within management consulting firms.

We need to employ a new management consulting model that requires change by both the enterprise employing consultants and the management consultants and consulting firms. The enterprise must have the capability to manage its own development and manage the achievement of benefits. The consultants must get away from employing rote methodologies, and return to professionalism to work in partnership with the enterprise.

The new consulting model involves the following elements on the part of the enterprise:

Structure the enterprise to define and manage precisely what the enterprise must do to be successful.

Structure enterprise capital to manage all capital utilized to produce enterprise success.

Install a professional capability to manage enterprise investments and development programs.

The new consulting model involves the following on the part of consultants:

Help the enterprise plan the value and understand to be created by change and improvement to provide the return on the investment.

Work with the enterprise in partnership to create precisely-defined value.

Provide proven professionals with analytical capabilities and specialty experience.

Leverage the enterprise teams to produce enterprise products and improvements. Do not do anything that the enterprise can do itself.

Work with the enterprise through to utilization of improvements for benefit and return on investment.

Do not implement information systems, implement the improved process that incorporates the system.

Do not provide consultant deliverables for review. All documents are accepted enterprise knowledge and records. There is one consultant deliverable, shared enterprise success

In the 1990’s a new wave came in business process re-engineering, producing new business transformation methodologies. These methodologies concentrated on the business, but avoided IT, since business change could be executed quickly, and IT change was notoriously slow.

Management consultants need the new model to eliminate the old problems and risk in gaining benefit from business change and management improvement. Only when we have a way for the enterprise and their consultants to work together in partnership for measured success, will we have a way for consultants to return to the professionalism of old.

This lowered the cost of a quality system, but it also created a gap between the business and the system.

I have seen many changes in my forty years as a professional management consultant, particularly in the business change and management improvement practices. We did not implement the system, we implemented the procedures and methods to improve results using the system.


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Create An Online Business

3 Steps To Create An Online Business Presence

When it comes to promoting a business online, there are many different things that you can do. But the type of business you have may influence what is the best type of promotion. If you are a designer, a Twitter account may not be as helpful as an Instagram account.

If you are just starting to promote your business online, it can be easy to become bogged down in the details. You should start a blog or website to keep all your information in one place. Beyond that, focus on 3 steps to build a strong online presence to get yourself started. If you try to do too much at once, you will get overwhelmed and accomplish nothing. By focusing on three items, you can take some time to really learn about them and how to use them for maximum exposure. Areas to consider are social media, mobile computing and how to make everything work together or cross post to save time.

Utilizing Social Media

Facebook is a great tool and likely one of the first ones you want to look into when it comes to social media. The hard part is figuring out how to make it work for your business and making sure that you are visible to your customers. You will have to start a group or a page, both of which have their benefits and drawbacks. Once you get a channel set up, you can use it to help develop your other media or ask your followers what they would like to see. The great benefit to Facebook is that it is so interactive.

Get Your Web Properties Responsive

Most people will agree that you need a website for your business. However, not only do you need a website to promote your business and show what you do, but this website also needs to be mobile friendly. With more people doing their internet browsing and searching on their phones, this is becoming more important all the time. If you aren’t sure about the truth in this, ask friends and family how much time they spent on their various devices versus their computer. You might be surprised. Ask them how they decide which to use for what purpose.

Give Away Freebies and Content

Giving away free items has always been a popular method for promoting your business and this is still the case. By allowing potential customers to see that you know what you are talking about, you will start to gain their trust. Keep doing this and they will come to you when they require your product. Having a spot on your blog where you take questions and answer them is a great “freebie” as they are getting value at no cost.

No matter what methods you are using for online promoting of your business, it is important that you are consistent with it. If you only post once a month, you probably will not get a lot of results. But if you remember to post every Wednesday, first thing in the morning, your followers will get to know this and come looking for you at that time.


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Start Your Own Business

Start Your Own Business

Grasp Your Future And Set Up Your Own Business !

If you’re thinking about starting your own business, you are probably in need of a start up loan. With a start up business loan, you can get the tools you need to make your first start the right start.

An unsecured business start up loan can get a new business owner the funding he needs to cover initial business costs, without having to provide collateral and place his or her assets at risk. With this approach, the lender can still lend an unsecured start up loan at great rates and with a variety of programs.

Applying for a unsecured small business start up loan is easy, all the business owner need to do is just go on line and submit their loan details. The lenders will refer back to you with the loan decision in a few days.

There are several options that an individual may take into consideration. You may find it’s difficult if you have nothing. If you have personal assets, the hard part is putting them at risk, and doing so is the rite of passage to both success and failure.

Collateral is often the biggest obstacle to the prospective business owner.

Not only does a new business not yet have any commercial collateral to provide; but it is asking a lot for an entrepreneur to put his hard earned personal assets at risk in order to start a new business venture. Without collateral, getting a business financing can sometimes seem impossible.

If you’re starting a business, it’s more than just a job. Starting a business requires so much more than an ingenious idea, and even more than planning, marketing strategies, and a well thought out future. How do you get start up business financing that will either advance your idea to the point where it can attract outside capital, or perhaps jump – start you into profitable operations?

Obtaining financing can sometimes be the most grueling part of starting a new business.

The loan approval process for a business startup loan sometimes seems like a maze, with stringent credit requirements, complicated business plans, and paperwork full of terms that are like a foreign language to the layman prospective business owner simply trying to get a loan. Options can be unfitting and rather slim when it comes to financing for the new business owner; unrealistic collateral requirements and proof of projected business profitability can sometime seem more like a joke than a reality.

Not only does a new business not yet have any commercial collateral to provide; but it is asking a lot for an entrepreneur to put his hard earned personal assets at risk in order to start a new business venture. An unsecured business start up loan can get a new business owner the funding he needs to cover initial business costs, without having to provide collateral and place his or her assets at risk.

With a start up business loan, you can get the tools you need to make your first start the right start.

The loan approval process for a business startup loan sometimes seems like a maze, with stringent credit requirements, complicated business plans, and paperwork full of terms that are like a foreign language to the layman prospective business owner simply trying to get a loan. Options can be unfitting and rather slim when it comes to financing for the new business owner; unrealistic collateral requirements and proof of projected business profitability can sometime seem more like a joke than a reality.

They provide new innovations, new jobs, and fresh concepts to the business industry. Starting a business requires money. Without start up capital, very few people have the resources available to launch a successful business idea.


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Grow Your Small Business!

Grow Your Small Business With Sensible Finance Options

Grow Your Small Business!

Few lenders, who did not want to lose on the opportunity of lending to the rising group of small business owners, devised bank-alternative loans. Small business loans are granted to entrepreneurs for a series of purposes like expansion of their facility, buying technology, purchasing new tools and equipment, and also to buy raw materials and pay wages to workers.

Small business loans can be either short term or long term. Depending upon ones requirement, the small business owners can be a varied term of repayment along with other conditions of the small business loan.

Lenders advance small business loans on the principle of moderate risk, which is no different from lending any other loan. While designing the terms of the small business loans, lenders are often seen to be using this principle. Lenders will only lend a limited sum on small business loans.

Apart from the problems that the small business owners have to face in operating business, the severest of problems is in raising capital. It is not easy to raise capital for business use; particularly in an environment in which small business owners are accorded a status similar to borrowers with bad credit. It is said how a small business owner will pay fixed installments on a loan if he has not made much income (profits) in a particular month.

When a person applies for small business loan to these brokers, they forward it to all the lenders who they think can appropriately advance loans to the entrepreneurs. Depending upon ones requirement, the small business owners can decide term of repayment and other terms and conditions of the small business loan.

What differences can a borrower notice in small business loan, which goes in his favor? Borrowers can get an arrangement designed by which they can repay loan installments with ease. Small business loan with a flexible repayment schedule sufficiently solves the problem of the self employed people.

Apart from the problems that the small business owners have to face in operating business, the severest of problems is in raising capital. It is not easy to raise capital for business use; particularly in an environment in which small business owners are accorded a status similar to borrowers with bad credit. Small business loans are advanced to small entrepreneurs who invest it in a series of purposes like expansion of their facility, buying technology, purchasing new tools and equipment, and also to buy raw materials and pay wages to workers.

When a person applies for small business loan to these brokers, they forward it to all the lenders who they think can appropriately advance loans to the entrepreneurs. Brokers can also arrange small business loans from lenders who accept flexible repayment. Other specific requirements of borrowers can be incorporated into any small business loan searched.


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Donald Trump and Joan Rivers ACN Video Phone Call

Donald Trump and Joan Rivers ACN Video Phone Call

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Donald-Trump

ACN & Donald Trump’s Celebrity Apprentice_01

ACN & Donald Trump’s Celebrity Apprentice_01


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Donald-Trump

ACN Interview With Donald Trump #1

ACN Interview With Donald Trump #1