We've all heard about how cloud computing is supposed to revolutionize everything, but how exactly will that work? What are the risks involved with giving your data over to another company? Which companies are leading the charge into the cloud?
The Business Bank of Texas offers all of its deposit customers free of charge Virtual Teller. Sometimes called remote check capture, or remote deposit capture, Virtual Teller is a tool that helps businesses increase productivity while decreasing the costs associated when making bank deposits.
If your business sells to other businesses and you are an accrual basis bookkeeper, it may be advantageous to show an allowance for bad debt on your company’s balance sheet.
Learn how others do it. Download our guide to growth.
“What is an ‘Open to Buy’ system?” is a question I hear regularly from people before we start working together. A few others have exclaimed, “My retirement plan is my inventory. When I sell all of this inventory, I will be able to retire!”
I believe a reasonable argument could be made that the senior leadership in every great business are people who are also excellent managers. Their ability to manage superior results through other people is exactly why they are seen as leaders and are promoted to the highest levels of an organization. These managers are consistent and relentless in focusing their attention around key result areas.
Austin, San Antonio and other cities in Texas have ranked high on numerous lists for places to do business and quality of life in recent years. A June 6, 2011 Forbes article ranks Austin as the top city in the country for future population growth. San Antonio is ranked forth, Houston fifth, and Dallas seventh.
If your business grants trade credit to other businesses in Texas, joining the National Association of Credit Managers of Texas (NACM) can afford you valuable business credit information as well as discounted access to other credit bureaus such as D&B, and Experian Small Business Information. NACM of Texas is an affiliate of the larger national non-profit association.
Business performance indicators are critical for business owners to understand. They are a measure of how well the business is using their assets to generate income as well as how well management is performing. Although there are a number of performance indicators; return on assets, return on equity and times interest earned are several of the most important to understand.
What makes some managers so much more effective than others? There are a number of potential answers, but the best responses have to do with leverage. Managers need to be experts at achieving results through other people. And while they have budgets and relationships they can leverage, their ability to leverage time is a constant, daily concern.