For most companies, accelerating receipts to make cash available quickly may be far more important financially than earning the maximum interest on a disbursement float.
Their daily objective is to get all checks and payments processed and cleared as immediately as possible in the company's bank account. All checks should be taken care of promptly. The challenge is to make employees realize the difference between big or important checks requiring special attention and those that are routine receipts.
Rather than keeping a check received after 3pm until the following morning, it may be strategic for your cash flow to have an employee attend to those checks and have them deposited that same afternoon.
Likewise, if you can assign the morning shift to bring checks as early as the bank opens may save you a day in the float.
Become aware of your bank's check clearing policies and procedures. Work around those schedules. For distant customers bypass the postal system by asking the customer to make a direct deposit.
This Handbook on the basic regulations and related services administered by the Department of Labor (DOL) is designed primarily for small businesses in general industry. It begins with a general overview of DOL requirements.
In these days, it's becoming increasingly difficult to make ends meet with just one source of income. Thus, more and more people are investigating the possibilities of starting their own extra-income business.
Success in business comes as a result of planning. You have to have a detailed, written plan that shows you what the ultimate goal is, the reason for the goal, and each milestone that must be passed in order to reach your goal.
Here again, it is helpful to form your corporation in Delaware. In this state the law allows you to assign any "par-value" to your stock as you like - even though there are no assets to back up your valuation.
Once you have formed your own non-profit organization, you merely place in your corporate charter the provision that medical care be paid by the organization of which you are a member.
The cottage industry, an old-fashioned enterprise, is enjoying a revival so strong that it's difficult to find out just how many Americans are now working at home. Estimates range from two to five million and the numbers may double by 1990.
Every year, several thousand people develop an interest in "going into business." Many of these people have an idea, a product or a service they hope to promote into an in come producing business which they can operate from their own homes.
Twenty million home-based businesses will be in operation by 1999, according to Link Resource's 1995 National Work-at Home Survey. All around the country, people who want more control over their lives are starting home businesses
Some small business persons cannot understand why a lending institution refused to lend them money. Others have no trouble getting funds, but they are surprised to find strings attached to their loans.
There isn't a day that goes by that I don't hear another small business owners complaining about some of the customers they have to do business with. And some of them REALLY are legitimate complaints.