Business Without Frontiers - An established healthy flow of finances in and out of the cash box, or so to speak is the lifeline of any business. Any event that alters this natural cascade of events leads to a troubled season. As blood is to the body, money is to the business.
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An established healthy flow of finances in and out of the cash box, or so to speak is the lifeline of any business. Any event that alters this natural cascade of events leads to a troubled season. As blood is to the body, money is to the business.
Author: Greg Pierce
Date: Dec 21, 2010 - 3:30:28 AM
An
established healthy flow of finances in and out of the cash box, or so to speak
is the lifeline of any business.
Any
event that changes this natural cascade of events leads to a troubled
season.
Blood
gives us life, and money gives business life.
According
to a study, one of the reasons why a business can fail is poor
management.
There
are a lot of business starters who failed to look into managing properly their
business no matter how strong it started.
According
to Small Business Administration (SBA), “two-thirds of new employer
establishments survive at least two years, and 44 percent survive at least four
years." In other words, the 5-year window is very crucial to the success or
failure of any business.
A
business that started strong doesnt necessarily guarantee that it will stay
through strongly.
The major decider will be how business is managed
from the opening until the time investors can finally say, “business is smooth
sailing, and were out of the danger zone.” Unless otherwise, managing the
business is the saving grace that may save you enormous heartaches and
disappointment.
Todays
fast life and the information highway have made life much easier and doing
business has become relatively easier also.
The
birth of the internet have made it possible for it to do the talking and the
walking for you and the many support group and other services that you can avail
of in a click of a mouse, more and more businesses are sprawling the information
highway.
All
that is required of you is to open up your eyes to a maze of possibilities,
indulge and adapt to the changes that have happened which are inherent to the
21st century.
A
guy about half a world away for example is efficiently carrying out business
processes through the internet.
The
United States is the worlds largest economy but look how it does business with
some countries like the Philippines for instance.
Their processes are
taken care of in a remote country some thousands of miles away.
In
Manila and other Philippine cities, call center and business processing
organizations and companies are sprouting like wildfire.
Small towns
that used to be seeing only hazy days have transformed into busy towns with over
5 call center companies.
While
this is good for the local economy, it works the same way for the mother company
based in the US.
Labor
fees are much lower in these places than in the US.
Therefore,
the world has truly become an interconnection of cultures and people.
And
with this comes my conclusion that, indeed, the world we are living in is a
borderless world.
What
you are is in one way or the other, connected to someone else, to something
else, and that your gift might be somebody elses life in this world---in this
borderless world.
If you want to hire the firm that only provides accounts payable best practices, the
internet has many options for you. However, make sure that the firm you choose
can offer you accounts payable
automation so that it will all be worth it.
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