Years ago I gave a consulting client a one-word solution to overcoming his business challenges. The one word was, "FOCUS." At our weekly meetings I emphasized the importance of focus for this successful entrepreneur seeking even greater success. We worked closely together to help him stay on track with his business goals. It was during this period that I really learned how powerful the concept of focus is, and why so many individuals whether...more
What is an Individual Voluntary Arrangement (IVA)An individual voluntary arrangement begins with a proposal based on your financial circumstances and how much you are realistically able to afford to contribute towards an IVA, either on a monthly basis or from other assets you may own. The proposal is presented to the court and then to Creditors. How does it work?We tell the court the details of your proposal. A meeting of creditors is held, the...more
When I speak with many website and business owners, I usually get asked this question over and over gain. And that is "what can I do to get more customers, clients or subscribers? Well there's a 1001 answers I can give that question. Because there are so many ways to find new business.The problem with finding and advertising for new customers is that it can be expensive. In essence it could even be a gamble to fork out a bunch of money on a new advertising campaign, because you really don't know the outcome or response will be. This is especially true on a new advertising strategy. If you're like a lot of business operators you'll slap an ad together, and publish it somewhere, hoping for the best. To make matters even worse most of the time businesses publish an ad that always starts with a headline with their company name on top. What they really should be doing is putting a strong benefit to start the ad as a headline, so the reader's eyeballs continue to read the rest! But this article is not about advertising to first time customers; it's about something better, a more affordable strategy with trust and recognition automatically built in!It's marketing and building a...more
Q: How important is the name of a business? Should the name of a business reflect what the business does or is it better to come up with something catchy and easy to remember? -- Randy P.A: What's in a name? When it comes to your business, Randy, a lot more than you might think. In fact, deciding on a business name is one of the most important...more
Reduce your tax payments by claiming an interest payment deduction.If you are busy paying off your student loans, the last thing you want to do is to pay interest on the money that you're about to give right back to the government. Luckily, in a lot of cases you should be able to deduct the amount of interest that you paid on your student loans....more
Do you know what "proceedings supplemental" are? If you are in the business of collecting judgments in Indiana, and from time to time virtually all secured lenders are, then the June 27, 2007 opinion by the Indiana Supreme Court in Rose v. Mercantile National Bank, 2007 Ind. LEXIS 471 provides a great primer on the subject. Facts of Rose. Plaintiffs sued an S-Corp, and the trial court entered judgment against S-Corp for $159,581. During the litigation, the owners of S-Corp sold the company in an asset sale to Corporation I for $475,000. Corporation I then transferred its rights and obligations under the asset-purchase agreement to Corporation II, a wholly-owned subsidiary of Corporation I. After the sale, the owners of S-Corp deposited the sale proceeds into S-Corp's bank account and, within three days, issued checks to themselves for the entire sale price. The closing occurred approximately one month after the trial court entered judgment for Plaintiffs. About a year later, presumably because the judgment had not been paid, Plaintiffs moved for proceedings supplemental and brought fraudulent transfer claims against S-Corp, Corporation I, Corporation II, and S-Corp's...more
Decision Finance was formed in early 2000 and is the trading name for Xbridge limited an online commercial, business, and financial intermediary for small to medium sized businesses. DF has the backing of Prudential PLC, Boston Consulting Group and...more
You've recently been promoted to management, and are now responsible for the department in which you were previously employed. One of your former peers had also applied for the job, and you are now feeling waves of resentment from him that threaten...more
As a result of a directive from the Financial Services Agency, Banks in the United Kingdom are now being instructed to return fees to clients they are deemed to have overcharged. This is of major significance to those involved within the areas of...more
Working with a bank to obtain a small business loan can be an easy or difficult process, depending on how prepared you are to meet with the lender and discuss your business' situation and needs. One of the leading causes of business failure is...more
Most people think Santa Claus only works one night a year. Nothing could be further from the truth. Sure, product distribution takes place on one magical night, but Santa's operation runs year round and is one of the largest manufacturing and...more
Do you use a to-do-list in your business? Of course you do, we alllove them don't we? Worry not, I have no intention of explaining howto prepare such a list, you already do that on a regular basis.Most people prepare a list at the start of the day or...more