When businessmen sell products to their customers, they issue invoices to those customers. The businessmen then receive payments after some days, normally 30 to 60 days, which is called the credit period. This blocks the business cash flow and creates problems if they have to pay their suppliers, employees or if they receive big orders [...]
February 1, 2010
Networking. Maybe one of the most overused and misunderstood words in the business lexicon. Certainly it’s one of the most common – and possibly among the most effective – means of marketing yourself. Although it can be personally labor intensive, networking is generally cost effective. You don’t need any special equipment and, with a little [...]
January 12, 2010
All businesses have pending bills to pay off and hence require money on hand at all times to make different payments such as paying to suppliers, employee salaries and maybe go in for quantity purchases to get that extra discount. If your terms of credit to your customers are between 30 to 60 days and [...]
March 1, 2010
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