Basics of Communication

Communication is a process by which information is transmitted between individuals and organizations so that an understanding results response. Communication is an exchange of facts, ideas, opinions or emotions by two or more persons. When a firm or company wants the launch a new product, to make important announcement or even wants to convey message to the audience, communication is required. While speaking in public, it is very essential that the speaker must have high-quality command over the language. Communication assists in putting forth our views and thoughts in front of the people. Effective communication process establishes a link between the employees and their boss & also looks after external communication with the world. The following points would explain the importance of communication:

Communication done in a successful way, helps to bring out your ideas clearly in front of others in structured manner. The listeners can easily get the context of the speaker's views and so they can quickly respond to it. Communication leads a path way to get our ideas accepted. It proves to be an effective tool in conveying message to the people and also winning over the business.

Effective communication has become one of the necessities of the growing global business world. The current business world has immensely grown and so there is extreme need for the people to communicate in a powerful manner. Communication is effectively required for publicly marketing of products and services to the people.

Communication is an important tool to know the views, ideas and opinions of different persons. In working environment, quality communication helps the people to converse easily so that it avoids mis-understanding and in turn creates a healthy atmosphere for work.

Article Source: http://EzineArticles.com/?expert=Jill_Shah

Social Interaction and Ritual at Work

As a communication scholar (and a white collar professional who finds myself driving to a corporate office for work each day), I am particularly interested in the ritualized and socially perpetuated elements of relational communication within an organizational setting. Both verbal and non-verbal, the many nuances of interpersonal communication and social order within the workplace often have power-wielding implications for the individuals involved. In my role, I work as a communication strategist and coordinate the company's employee engagement initiatives. Due to the nature of my position, I work very closely with individuals from all professional levels of the organization.

My responsibilities and projects lead me to work with everyone from front-line employees and customer service representatives to the CEO and his senior leadership team. As a result, I am privy to many face-to-face interactions between employees across all levels of leadership and professional capacity within the organization. Needless to say, this provides me with many instances of personal entertainment, surprise, validation, reflection and social insight regarding my colleagues (and myself)!

It's more than just the mindless "good mornings" we find ourselves saying to people, and the empty "Fine, how are you?" responses we spit out almost as automatic reactions without even thinking. Regardless of whether it's actually been a good morning, whether "fine" is the appropriate word to describe us at a given moment, or whether we give two hells about how the receptionist's morning is going, more often than not we give responses like this when having quick and casual interactions with our co-workers. Is it superficial? Maybe. How about necessary for a functional, drama-free and productive work life? Basically.

What is also really interesting to me are the not-so-harmless (yet often as frequent) interactions taking place between members of an organization that are laden with politics, personal motives and other sticky undertones - the attractive VP in her navy suit who pretends not to notice the middle-aged, hourly customer service representative walking past her in an otherwise empty hallway... the boss who invites everyone in the department to lunch to celebrate the achievement of fiscal year-end goals, except for the administrative assistants... the department manager who only speaks to colleagues of equal professional stature while in a conference room filled with mostly front-line employees... the resentful career-ladder-climber who intentionally does not congratulate his colleague on a recent promotion. I see these interactions (or their absence) on a regular basis, and most would categorize them as social snubs. But they are often overlooked, unquestioned or even accepted by many members of the organization.

I don't know if it's because I find myself working on projects with both C-level executives and teams of warehouse workers, or if it's my background as a communication scholar (and a devoted, life-long people watcher), but these interactions strike me as interesting, telling and socially segmenting - all at the same time! Even the fact that secretaries will often not speak in meetings with members of leadership or at coffee bars in administrative areas unless directly spoken to - I see it as an indication of power (or lack thereof) when certain employees feel comfortable initiating a discussion or conversation, while other employees do not feel as if it is "their place." I've often attended meetings in which the clerical support staff member present sits quietly by herself, dutifully taking minutes and keeping notes (even when the rest of the group is breaking for lunch or engaging in a quick social side-step).

Because of situations like this that I've experienced within the workplace, Erving Goffman's examination of "Embarrassment and Social Organization" (1967) really resonates with me. It makes me think of those quiet, stand-offish administrative assistants from my leadership meetings - the same ladies I've overheard cackling and gossiping together like a bunch of school girls in the break room - when I read this specific line by Goffman: "...if there is to be talk, someone must initiate it, and terminate it; and these acts may awkwardly suggest rankings and power..." (p. 107). This really made me think of the "don't speak unless spoken to" mantra these women commit to in situations where they are surrounded by upper management.

The section also made me wonder if the VP who doesn't acknowledge the entry level employee in a hallway with just the two of them does this intentionally out of a combination of awkwardness and arrogance, or if it is unplanned, inadvertent coincidence? That is, until I read,

"In many large establishments, staggered work hours, segregated cafeterias, and the like help to insure that those who are ranked close in one set of relations will not have to find themselves in physically intimate situations where they are expected to maintain equality and distance," (p. 110).

Of course! It's easier to avoid someone's presence altogether than to uncomfortably relate to someone you have virtually nothing in common with (and who belongs on a different social rung, according to guiding structures within the organization) - even if only in passing. Hence, the "administrative coffee bar" where clerical staff become meek mutes (AKA the nice coffee bar with caffeinated beverages that don't taste like motor oil... like the one near my office) and the private bathrooms located conveniently by the C-suite offices so as not to result in socially painful run-ins with lesser staffers for top members of management.

Did Goffman observe interactions in mental institutions in the 1960s or at my place of employment during last week's round table discussion with leadership? This guy really tapped into, reflected on, and impeccably articulated (at length!) the "socially prescribed behaviors" (p. 111), rituals and rules that we use to ultimately structure our social lives. His ideas and assertions about face-to-face interaction are relevant to essentially every social being - perfect strangers, school acquaintances, co-workers, friends, enemies and, dare I say, frenemies. Easily and usefully applied to all these instances of social interaction, Goffman's work stands to continue informing communication scholarship (along with many other disciplines) for many years to come.

However, its usefulness and value is not limited to the world of academia and qualitative research as they relate to social interaction. I know plenty of people at my office who could take away a thing or two by thumbing through Goffman's essays on face-to-face behavior. His work makes you reflect not only on the behavior of others in social interaction, but also inward toward your own actions, perspectives and conduct. I understand and fully acknowledge the fact that we can't, shouldn't and wouldn't want to engage in lengthy (or even brief) conversations with every single person we work with. I don't stop and chat up every single colleague I pass on the way to the mail room in an earnest effort to socially acknowledge their presence. But after reading Goffman, it has certainly made me pay a little more attention to the things I do (or don't do) in instances of face-to-face interaction - both focused and unfocused interaction (p. 145).

At the very least, I'm thankful for two specific things: (1) I was born in the South, so I generally acknowledge others with a smile or a "Hey there," and (2) I'm an extrovert by nature, so it's much easier for me to strike up a conversation with someone who may not be considered by others to come from an "equal" social or professional standing. Because of these two things, it's not often that I find myself avoiding eye-contact with colleagues to eliminate the need to speak. But Goffman's observations and critical analysis of social interaction has definitely made me much more mindful of the social vibes I'm putting off and communicating to others, and how I interpret the contributions of others in face-to-face interaction.

Goffman, E. (1967). Interaction ritual: Essays on face-to-face behavior. New York: Pantheon.

Beth Bartlett

Article Source: http://EzineArticles.com/?expert=Beth_Bartlett

The Importance of Good Business Connectivity

Business communication is important to success and can also allow for a healthy and well run workplace. Computers and the Internet are growing with importance towards business operations. The communication between businesses, work colleagues, clients and consumers has been made easier and has led to greater opportunities to be more productive. As this has happened the importance of good business connectivity has grown and it is now nearly impossible to run a successful business without a server and connection that allows for a business to fully integrate everything that the Internet has to offer into its practices.

Connectivity is an important part of the modern workplace for many businesses and can mean the difference between a slick well oiled workplace and one where problems abound and upload speed and reliability can leave businesses struggling to fulfil their potential.

Good business connectivity can make all the difference to businesses allowing for day to day tasks to be dealt with quickly and efficiently by staff whilst causing the least amount of stress. The importance of good business connectivity is vital in allowing a good upload speed which can be critical if your business often sends important documents to existing and potential clients as well as colleagues as most businesses invariably do. If uploading takes a long time on your servers and your business is impeded by this you could do no worse than to look online for alternative options that could provide you with the upload speeds that you require and deserve.

Business connectivity plays a part in many aspects of a company and a good server can mean that online webinars or business meetings can be used with ease by your business allowing for a company to make the most of the Internet and the opportunities and platforms that it provides for businesses to network and share information without the need to leave the office.

If your business needs to share regular information over the Internet a poor network and service provider could make what could be a simple task a very hard one. Making sure that the business connectivity you have suits your company and allows you to be the best you possibly can be in a competitive marketplace can really give you one up on your competitors and place you in the perfect position to succeed.

Your business should consider contention ratios when looking for business connectivity as this can be a crucial factor in connection speeds. The less amount of people using a line results in a higher bandwidth for your business. If connectivity is important to your business operations, you should consider a Leased Line. A Leased Line offers a contention ratio of 1:1. In short this means that if your business uses a 2Mb Leased Line you will receive a 2Mb connection. Compare that to a 10Mb connection with a contention ratio of 50:1 where you will only receive 200Kb bandwidth with a much lower security level.

Reliability has become a key word for the modern business. Services that have regular problems and hinder the work of the company cost time and money and could ultimately lead to slowing of work processes leaving workers at their desk but unable to complete even the simplest of tasks. It could also lead to the loss of important files or data that are stored on the network, something that could be easily avoidable with a good service provider and secure and reliable servers.

To find good providers of business connectivity it is well worth having a look online to find the service that will best suit your business and its needs allowing for a productive workplace.

Article Source: http://EzineArticles.com/?expert=C._Bourne

The Concept of Connectability

Given all the models for effective approaches to successful business communication to date, what really holds water? In other words, what's the basis of the concepts that really work-over time and over the many challenges of communicating effectively with associates, prospects, customers, and so forth? Obviously, many models do have substantial benefit. Otherwise, they wouldn't have lasted as long as they have. But, many have wondered, what is the common theme running through these successful approaches?

The answer is surprisingly simple: an approach to communication that transcends selfish ego and that reaches beyond the person-to-person gap so that both perspectives are respected and understood, ultimately leading to success. To test this statement, and that you've used-effectively for a while-but that were nevertheless soon taken over by a seemingly more attractive model, promising more benefits.

With that simple answer, however, comes the next challenge: how to acquire the disposition and skills involved in such effective communication so that they're not soon forgotten. How much of that disposition and those skills are an inborn part of our personality, how much is learned in the course of growing up, and how much can be acquired at this point in our careers-whether through reading books, listening to CDs, attending training seminars, or just plain practice? And finally, how much can we add to our understanding of this by exploring the current research on the neuroscience of business behavior?

The ultimate question becomes, what is the conceptual framework that ties it all together so that we can accelerate our success by more easily coming across not only persuasively, with honesty and integrity, but also with authenticity, which cannot be faked?

David Nour is a social networking strategist and one of the foremost thought leaders on the quantifiable value of business relationships. In a global economy that is becoming increasingly disconnected, David and his team are solving global client challenges with Strategic Relationship Planning™ and Enterprise Social Networking

Article Source: http://EzineArticles.com/?expert=David_M._Nour

Three Tips for Super Effective Meetings

Being a meeting moderator can be easy if you know what you are doing and you stick to some basic principles. If you are one of those people that thinks that you should just go with the flow during a business meeting, you may end up frustrating the attendees and not achieving your goals.

The first and most important rule for any important meeting is to create a script and stick to it during the meeting. Some people like to call this an agenda, but script is more appropriate because it's not just what you talk about but how you talk about it. Consider who should talk during the meeting and document this. Create rough time estimates for each of the meeting topics and communicate that when you e-mail out the agenda. I frequently attend meetings that I'm not the moderator for that don't have a script and they almost always end without any productive outcomes.

The second way to ensure the meeting stays on track is to monitor and control the discussions. I'm not talking about telling people what they should talk about, but instead make sure that what is being discussed is relevant to the agenda. If you notice that one or more people are getting off track, just politely restate what the agenda topic is and then let everyone know that some discussions may be appropriate outside the meeting. Make sure that you are polite and watch the words that you use. Use suggestive language rather than confrontational language.

Last but not least, let the attendees know ahead of time that there will be action items after the meeting. This way nobody will surprised when you document the actions that are required as a follow up to the meeting. Nobody likes surprises, especially when their name is attached to an action item.

Don't be afraid to monitor your meetings and take an honest look at what is working and what is not. Document potential improvements for future meetings so that you can keep getting better ad better at moderating. You can also solicit feedback from attendees and trust me that you will always get at least one new idea.

Article Source: http://EzineArticles.com/?expert=Manny_Packio

How to Deal With Difficult Bosses

Dealing with difficult co-workers can be hard, but what about when that co-worker is your boss? That just makes the situation exponentially more challenging. What should you do? Should you ignore it and continue with your responsibilities? Should you let the boss know how you feel? These are difficult questions and each situation is different but there are some techniques that you can use to still be successful.

First of all, realize that there are some people that like to annoy, berate or generally bother others. Unfortunately they enjoy doing these things and for all the wrong reasons. If you are dealing with this type of supervisor, then avoidance is option number one. You should limit your interactions with this type of individual to only business discussions. Try not to talk about your personal life and make it clear that you want to focus on the professional side of things. This will let them know that you mean business and it won't give them room to try and exploit your weaknesses. With this type of person it generally won't help to let them know how you feel because that may actually provide them with some sadistic satisfaction so do not discuss your feelings at any cost. Don't let them see any weak side of your personality.

Now if you are dealing with a boss that is acting difficult and you suspect that this person probably doesn't realize that they are behaving this way, you have more options. Be prepared to let this person know immediately if they do something that really makes you feel uncomfortable. Be direct and always frame the discussion to your work performance instead of your feelings. In other words, don't say "I don't like the way that you treat me because it makes me feel bad", but instead say "the way that you interact with me sometimes affects how I'm able to perform at my job". If you focus on the job, it will be difficult for the boss to defend their actions and they are more likely to make corrective action. If you focus on your feelings, the boss may not take what you are saying very seriously and it can have the tendency to make you seem too emotional.

Last but not least you have to make sure that whatever you do, it doesn't compromise your job security. This means that you should take whatever steps are necessary to create a comfortable environment but at the same time you don't end up putting your career at risk. You should realize that all people go through situations where they work for somebody that may not be their favorite person. You are certainly not alone.


Article Source: http://EzineArticles.com/?expert=Manny_Packio

The Advantage of Free Features

Seriously speaking, your available choice of efficient webinar tools is not really limited to 13. There already are various webinar tools already in the market at the moment and your freedom to select which one fits your specific needs really is endless. A lot of the tools at present offer a variety of attributes which oftentimes can make you pay some amount of money while some are for trial use. If you are planning to use webinar tools for a few testing, then you're suggested to pick out the ones that provide the tools at no cost while if it's for company use that needs complete and reliable features then better search for product that guarantees a mix of all the important webinar applications.

Among the most popular web conferencing tools which are widely dispersed in the market consists of GoToMeeting and Microsoft Live Meeting. Moreover,you may take advantage of Adobe Acrobat Connect and Ready Talk to provide you with the most effective and comprehensive features of a webinar. However your options of using tools for private or organization use should be based on specific factors like the way on how you desire to present your online video or the method on how you want to reach the rest of the potential clients through chat. These kinds of situations are quite popular to various webinar hosts who are badly wanting good webinar tools. You also have to think about the costs that you have to spend to give you the complete requirements in exchange along with the internet browser match ups,the file and application sharing, the presentation recording and the number of individuals that you are expecting to enroll in.

When you wish to secure a quick and easy result of your event, you would think about Adobe Acrobat Connect as your best option. There are various factors which make this tool a favorite option for several event hosts. Initially is it has able to overcome the compatibility problem as it runs in both Windows and Mac operating-system. Additionally, it has the element to support 12-15 attendees in a single shared video, thus maximizing the acquired profit. Not only that it supports video and chat functions, it also offers session recording for a webinar replay and embedded online survey. The only problem with this tool is it's not offered for free. Central Desktop is another tool that features wiki style touch-ups. Additionally, it includes traffic monitoring of project status and archives of essential papers as set. It has no compatibility trouble to any operating-system however, the capacity of this application is only limited to 9 guests and needs Java Runtime to let webinar settings to do its function. If you want to secure a free webcast application, you can use Dimdim. It includes the most relevant features like application sharing, desktop sharing, presentation, session recording and video chat

It is important to know that most free tools are for trial offer purposes only to check on how well their features work on you. This is likewise to prepare you on finding genuine one as sometimes paid version charges three times greater than the normal webinar tools. So the the next time you're out to search for the best webinar applications to make use of, may you always consider this handy help.

Article Source: http://EzineArticles.com/?expert=Wayne_James_Mondex

The Great Importance Of Professional Development In The Work Place

It has been cited many times that professional development is important to companies. Yet, many are still not getting the training or professional development needed. This is often found in smaller organizations where it is not seen as profitable, or is not often utilised for employees in lower down management jobs. Yet, I and most businesses still believe it is vital for a company to be profitable in the long term to continue professional development among all employees.

Ongoing professional development is an important part of a company's success, as it helps employees keep up with technical knowledge, update and improve soft skills, as well as keep on improving their development within the industry. As employees move up the ladder, they need the necessary skills already there to manage their new role, rather than spending months training in that role. Continuous professional development is important to gradually attaining the skills needed to go up the career ladder and supply the business with staff that are fully trained and capable. It is mutually beneficial to all involved.

Currently, the most popular development areas that businesses put their money into are: IT and Human Resources. This is because of the growing need for these roles and the need in both fields to keep up to date with the times. Many companies today put forward the money for their staff in order to train and certify, in fact over 90% consider professional development and certification as important to their company.

The most obvious benefits of professional development are obviously to do with the employees and in turn the businesses outcomes. Development in the professional sphere enables the employee to attack problems with more efficiency, produce a better and higher standard of work as well as allow staff to develop their knowledge of new innovative technology. It also encourages staff to feel more positive about their prospects and their job, which should in turn reap benefits for your business. A positive attitude can do a lot for your business.

Lastly, showing you have a training or professional development policy will incite future employees to join your business, as well as showing your clients that you are investing in service for them. Investment will not only improve the prospects of your staff, it will greatly improve their morale, and in turn your service to your customers.

Article Source: http://EzineArticles.com/?expert=Marie_Coles

Writing Emails - Keeping Electronic Communication Professional

People often ask me about how to communicate effectively through written communication, especially electronic communication at work. If you're not careful, it's quite easy to come across as harsh and critical in your emails, even if it's not how you meant it to be. Written communication, in general, is faceless and cold, and it's difficult to be quick and direct, without sounding cold and stern. So here are a few tips you can use in keeping electronic communication professional:

Tip 1: Stick to a structure - formal or informal.

Written communication can be formal or informal. If you're requesting collaboration from a colleague, or someone from another department, it's a formal communication. And formal communication doesn't need to reflect your personality. Try to be professional without being emotional, critical, harsh, or poetic while expressing your requirements. And remember to use the spell check tool before sending any formal communication.

On the other hand, if you're congratulating a colleague, then your written communication falls in the informal category. Here, you can be yourself. However, keep in mind not to get too personal because after all, you're in at work. Keep personal matters out of your workplace.

Tip 2: Use simple words and sentences.

You are writing an email, or letter, to convey your message. And the best way to convey your message is by using simple words and sentences. Since you won't be physically present when your written communication is read, you have to put in an effort to make sure the recipients of your written communication understand your message.

Tip 3: Keep it short.

Written communication is meant to be comprehensive. Unless you're sending any business reports, try to keep your communication to a maximum of 2 pages. Anything more is usually just a waste of your as well as the recipient's time. Get to the point in the introduction, explain your requirements in the body of the communication, and conclude by reiterating your needs. Short and simple!

Article Source: http://EzineArticles.com/?expert=Ankitaa_G._Dalmia

The Importance of Knowing Your "Cultural" Audience

The logistics were ironed out. The training rooms were prepared and I was ready to receive the new Hispanic employees. The workbooks, paper and pencils were neatly placed on the tables and ready to be used. The English instruction would be based on the daily workplace vocabulary. The employees would come to a one-hour class, two times per week, either before or after their work shifts.

The day of the classes arrived but the employees did not. I waited in the empty classroom and wondered how so many employees could have said "yes" to the classes and a resounding "no" to attending.

After some discussions with the HR manager, supervisors and a few employees, the answer became abundantly clear. What I learned has served as a useful landmark lesson that I will never forget.

First, it is important to visualize the layout of this food processing company. It consisted of two buildings, separated by a large, unpaved parking lot. The "office building" contained the training rooms and the administrative staff. On the other side, was the plant building where the employees ran the machinery and produced the food products.

For the Hispanic employees, going to the "office building" was like going from one cultural world to another. It was a place where they felt as outsiders in unfamiliar territory. They were not ready or willing to go to a place where they felt, they didn't belong.

Armed with this newly found knowledge, I was given the go ahead to set up the ESL classes in the production building. Since there were no training rooms available, the only other option was the cafeteria. At the next scheduled class, I appeared with a flip chart and I placed a few cubicle dividers and sectioned off a corner of the cafeteria and turned it into a makeshift classroom.

The results were astounding! Within a matter of days, the classes were filled with enthusiastic employees ready to learn English. The classes were a resounding success and the interest remained high. From this valuable experience, I learned that the best intentions by management must first take into account the cultural sensitivities of the Hispanic employees.

Article Source: http://EzineArticles.com/?expert=Isaac_Botbol

Conflict Management In the Workplace - Tips For Bosses

As a manager you must have faced resistance to new ideas, initiatives and change to procedures at some point in time. Good managers learn to deal with these minor push-backs and move ahead. Better ones, however, turn such a situation into an opportunity and gain in strength from it - they create a persona for themselves and turn it to their advantage. Some simple managerial and conversational recommendations that make managers turn into leaders, in spite of resistance from a group of people, are discussed below. They would assist a good manager turn into a better leader.

State your Aim Clearly. For a task to be done well, it needs to be clearly stated. Be direct but be positive and use plain tones. State facts as facts and mention requirements in an unambiguous manner. Clear instructions, without an iota of threat works wonders in any situation. Above all, keep a neutral tone and add no negative emotion to the conversation. Half your job is done.

Let People Gripe - Consider it a Birthright. You have to appear as a very patient listener. You need to listen to the protests people have, but limit it to a logical time span. Don't allow it to be unending and make your team understand that though occasional bouts of complaints might work - noncompliance does not. Limit the gripe time.

Understand the Real Concern. Often the real cause of the resistance to a new idea is not what is overtly stated. Some undercurrents - the not so obvious ones, usually do not emerge during the first rounds of communication. Good managers learn to keep a tap on these undercurrents and actual reasons to resistance. Prod a little more and get to the bottom of every opposition.

Aim to Resolve in One Sitting. Try and resolve the concerns in one round of interaction. Try not to lead conversations which deal with opposition to your ideas to a round two. Round two are normally bad news and is likely to hound you later.

Accept Logical Suggestions. Be open in your approach to new suggestions. There might be something that you really have missed regardless of all planning and experience. Be candid if you feel that the other side has valid concerns and be open about the ways you intend to address these. There is nothing like making the other person feel happy that the point he or she gave has been accepted.

Fail Safe Solution. If all else fails, don't be afraid to read the riot act - once in a while. Make the people who resent change aware of the consequences of disobedience to the company, loss of profitability and issues of management moving ahead.

The aim of a manager is to run a team with least resistance. Cooperation and team work in a team are results of clear understanding of the aim and some good management practices. A good leader accepts suggestions that are new and path breaking, but knows when to put a stop to these and move ahead. To be a good manager learn to effectively deal with resistance. The secret lies in good communication.

Article Source: http://EzineArticles.com/?expert=Allie_Q_Casey

Grow Your Business In A Recession Today - Owners Manual

The business world today is what one would call a mixed bag at best. Dying yellow pages, devastated real estate markets, government turmoil, corporate restructuring, and a general sky-is-falling mentality has seemed to cloud what we know as business. It says a lot when even the stock market itself is for sale (to a country that we went to two world wars against not even 100 years ago no doubt). Times have changed. I just have one question. How do you know if you're business has changed?

In order to make in today's climate, an owner or manager must do one skill above all else in order to survive - Listen. Listening is the fundamental root of your business and it survives and thrives on how well you do it. Chances are you were listening and aware of an opportunity that got you your job or lead you to start a business altogether. Listening is what tells you are doing a good job at work of it there's something missing. Listening to what your data can vividly describe where you are making a fortune and bringing in more customers than you can possible imagine or if you are too caught up to hear what it was. A company that spends 5 to 10 grand a month in yellow pages and gets 1 customer worth a sliver of that isn't listening!

Listening is what makes or breaks successful companies within their 1st 5 years. The surviving companies and major corporate do it, while the unsuccessful companies don't. It's what separates the big fish from the small. Companies that listen - grow. So fundamental - yet so vital. Companies in today's corporate climate just don't do it and failing all over the place. Ready to learn how do the best companies listen? They ask.

Having the willingness to listen and the ability to ask can change your business for the better. It takes courage, its takes putting aside your pride, and it takes guts - but it's worth it. Asking develops rapport and lets the person you are speaking to know subtlety "I care about your opinion and I'm ready to listen to what you have to say". In a owner-client relationship this is pivotal. If you have the ability to ask a question, you have the potential to create a business. It puts your knowledge on hold and lets you leverage the brains, intellect, and the wisdom of those of different experience while saving you the time of going through it yourself. Once you've asked a question and were specific about it, listen to what they have to say. People will tell you what their problems are! Whenever you visit a doctor, the first thing they ask you is "Where does it hurt?" Doctors get paid because they have the knowledge in their industry to provide a solution and because they ask. If a doctor, who legally has to spend more time educating and learning more than any other profession, has to ask - couldn't you? Listening openly and honestly will base your business on relationships and will connect you with your customers in a deeper way leading to increased sales and referrals.

Once you have listened to your customers and gotten your feedback, it's up to you to take action. A lot of people get this information and either don't do anything with it, or just don't know how. These two problems are holding your business back! If you don't know how to deal with the feedback you've gotten then you yourself don't be afraid to ask. You are human and it's not a derogatory mark on you if you don't know an answer. People have more respect for a person that doesn't know an answer and asks, then someone whose stubborn and suffers in silence. There are times in our life where we all go through this phase (sometimes daily), but the important part is to recognize and phrase the question to yourself. There are consultants and groups of owners available and who deal with your question on a daily basis. If you specialize in once particular area, don't hold back from leveraging your relationships where you don't know - ASK. It will decrease your stress, allow you to focus on what's important to you, and give you your time back. The next time you get stuck and you feel get emotional about a particular issue, recognize you don't know the answer and be smart enough to ask a team member or someone who might know an answer. What if you could phone a friend on "Who Wants to Be a Millionaire" or "Cash Cab" - EVERY TIME. You can and you're business depends on it.

Article Source: http://EzineArticles.com/?expert=Josh_Tracy

How to Deal With Nosy Coworkers

Many people have to work with some nosy coworkers. They keep watching, asking, and spying everything about you. When you type a document, they ask for the detailed content. When you make a phone call, they want to know who you have connected. Even when you have a break, they want to know how long you would rest. No matter how bored these questions are, they enjoy knowing about them. How to deal with these nosy coworkers? You can try the following methods.

1.If they ask a question you don't want to answer, you can ask them the same question. For example, they ask you, "Hi, what are you typing?" You can say, "A word file, what are you doing now?" Thus you can push back the question to them. If you don't want to be asked by them, you can find questions as many as possible from their answers, and then you keep asking them until they leave from you.

2.You can find some excuses to leave. Such as going to toilet and taking a document to someone. Then you can run away from these nosy coworkers, and have a short break to stretch your body.

3.If they keep talking with you, you can ask them for a help, which may be a dull task, such as counting papers, fetching some files from a colleague and so on. Thus they may be too busy to ask you bored questions. If they don't want to help you, they will leave from you as soon as possible, and you can get rid of them.

4.If you want to connect with your friends or family, you should use short messages instead of phone calls to avoid these nosy coworkers. If you have to make a phone call, you should go out and say lightly and briefly.

Besides, if your nosy coworkers are interested in your computer screen, you can try an application called StaringBanish. Whenever you feel there are some people watching your screen, you can move mouse cursor to a particular region and hold it for a few seconds. Then a blank screen with eye protecting message would appear so that they would think it's time for you to have a rest. Thus they will divert their attention from your computer screen naturally.
Article Source: http://EzineArticles.com

Current Trends in Business Communication

Anyone who has owned or worked for a business knows that the continual advancement of technology goes hand in hand with the advancement of business communication. In the last ten years alone, the tremendous technological advancements that have taken place in communication have changed they way we do business so drastically that we view the communication trends of pre-2000 as 'vintage'. So in a conversation about current trends, be aware that in a few days they will be old trends.

Cloud computing is the latest trend to hit business communication. The most simple way to describe cloud computing is by comparing it to an electricity grid. A 'cloud' of shared servers provides resources such as software and data to a host of other computers - all on demand. In reality cloud computing is the natural evolution of the web-based world of communication. It takes the management of the technological infrastructure out of the hands of the IT professionals, who can now focus on their areas of expertise such as development. The use of cloud computing from a business communication standpoint brings in the discussion of finance. Small to medium size businesses no longer have need to purchase, set up and maintain their own server. Capital expenditure budgets are reduced, possibly entailing a conversion of those dollars to the operations expenditure side of the ledger. Another huge benefit to cloud computing in business is how it lowers the barriers of entry into the market. New businesses can simply supply themselves with the appropriate equipment to manufacture their product, a computer and an internet connection, and be ready to communicate to their customers.

The book reader is one of the latest trends to appear on the business communication horizon, but it is not clear if purveyors of commerce have fully appreciated its potential. The book reader has the ability to scan printed material, recognize the characters and using text-to-speech software, play it on the user's computer or mobile audio player. In other words, you could listen to this article on your iPod. Most business people receive their email on their phone and check, now large volume documents, contracts, training manuals and other printed matter could be downloaded to any device. The affect on business communication is potentially quite significant, but the software is not widely tested or used as yet.

Social media networking has officially crossed over from only being used socially to an important and viable method of customer relationship management (CRM). Using tools like Facebook, blogs, public forums and wiki sites, business can better know how to attract and keep their customers. CRM begins with acquiring new customers through contact management, sales and customer satisfaction. Enhancing CRM occurs through excellent business communication and the use of customer service tools such as product experts and ease of purchasing. Retaining customers occurs through loyalty and reward. CRM software or databases can notify the business owner of long term clients and create the ability to recognize them through promotional measures.

Streamlining every phase of business communication will always be a trend in business. Making it easier for your client to send and receive materials or communication from you is increasingly important. Many companies are choosing to create interactive websites whereby the client can attain a report, invoice or product information whenever they feel the need. This creates a whole new level of service quality, as well as opening up the field of business communication. No longer does the client have to wait for 9 am Monday morning.

PowerPoint presentations have been around for over a decade, but they are still a valuable audiovisual tool in business communication. Dynamic presentations aimed at teaching the client about the product or service are full of impact and have a much clearer result than a one-dimensional oral presentation. Even telephones are being used in a more purposeful way in business communication, and not always for talking. Email, text messaging and internet are readily available and highly useful tools for any business person. Plus book readers (as previously mentioned) will soon allow business related documents to be read on a cell phone.

Technology will continue to advance and new communication devices will emerge. The trick to successful business communication is in keeping up with trends and learning how they can make your business better.
Article Source: http://EzineArticles.com/?expert=Chris_Haycox

Abuse Can Hurt Your Business

Sometimes people who are nice do not know how to deal with abuse in the workplace. Usually, because they are kind, they do not understand why someone else might actually be abusive to start with let alone know exactly what to do to stop this.

When you have an abusive staff member, a toxic environment can harm you, your clients, other staff and your own life. A person who is abusive wants to have their own personal needs met but might not know how to have that happen in a healthy way. As a result, they may be emotionally, mentally or even physically or sexually abusive to others. They take what they want and the person who they abuse often lives with fear and feelings of low-self worth.

I have been in stores and businesses where I witnessed people who are abusive. Sometimes it may occur when a frustrated parent is upset with a child. Sometimes someone who is at Customer Service decides to yell or swear about an injustice that s/he feels they have experienced. Often there is a toxic environment that has grown from abusive behaviours either from the management towards staff or even between staff members. When this occurs there is a tension that can be felt and people will usually be uncomfortable.

There are three different aspects to every abuse:

1. The abuser - This person has likely had their needs met in the pat by using unhealthy techniques. If s/he is not dealt with, the abuse will likely either continue or even escalate. Change is usually based on a combination of confrontation where the abuser learns that their behaviours are not acceptable and a learning process where healthier skills are adopted.

2. The target - Often a person who has been abused in the past has not learned how to stand up for himself and does not have the confidence or assertiveness skills to deal with the situation. The good news is that, with support and some training, this can change.

3. The environment - There needs to be a zero tolerance for abuse that is strongly enforced. As a business owner, you cannot ignore what is going on and, if you are the problem, you need to be mature and responsible enough to get the help that you need to make positive changes.

You see, if you don't do something about this, you will face consequences because abuse can hurt your business (and all those who are associated with it).

By the way, do you want to learn more about increasing your business profits fast?

Article Source: http://EzineArticles.com/?expert=Linda_Hancock

Accounting for Non-Profit Organizations

Accounting is an important process for any business organization. Many people think that accounting is only for profit-oriented businesses, since these companies often have larger financial resources to manage and keep track of. Contrary to popular belief, accounting is a regular task for nonprofit organizations such as research facilities, religious foundations, and social service organizations. Accounting helps these organizations organize financial matters such as grants, donations, budget, and payroll.

To handle accounting responsibilities, businesses and nonprofit organizations usually employ the services of in-house accounting departments. Accounting teams are responsible for generating reports and documents about the business entity's financial status. These reports are used by the business management to assess the condition of the company or organization, as well as determine any imbalances or discrepancies in the company's finances.

Accounting teams are often comprised of qualified professionals such as certified public accountants (CPA). These CPAs occupy top positions in the accounting department and oversee all tasks and responsibilities handled by the team. Head CPAs regularly meet with the company management for the updating of financial reports. The team may also have clerks or assistants who are in charge of bookkeeping and auditing, both of which are important accounting processes.

The accounting needs of a business or organization may be demanding, especially if the said entity engages in large-scale operations. Accounting for nonprofit organizations may be even harder since these groups have more financial details to keep track of. Accounting departments of nonprofit organizations often put in long hours creating reports on the donations and grants the organization receives on a regular basis.

In addition, tax-exempt, nonprofit organizations are required to submit revenue and income statements, functional and individual expenses reports, balance sheets, and a schedule of the organization's sources of revenue to the state. Teams that handle the accounting nonprofit organizations needs are responsible for submitting these documents when required. When these documents are not provided, the organization may face consequences from the US Internal Revenue Service.

Accounting for nonprofit organizations, especially those with tax-exempt status, entails complicated processes that must be done with accuracy. Through efficient accounting, non-profit organizations can ensure that every cent of funding they receive is put to good use.

Article Source: http://EzineArticles.com/?expert=Verna_Derosier

How To Get A Merchant Account

The world of the Internet is fast growing, especially for buyers and sellers. If you are a businessman who has just launched an online shop, you can expect a lot of things to happen. People these days turn to the Internet for almost anything and everything they need. From a college degree to the latest dental gadgets, most would just go online instead of come to a physical store to get what they want. That's why putting your business on the Internet is surely one of the best decisions you've made. However, in order to meet online consumers' expectations, you also have to do more than this, and this includes getting an online merchant account.

Why do you need an online merchant account? First of all, people shop on the Internet not only so they could view their options online. If you put yourself in a consumer's shoes, you'll know that it is very convenient, indeed, for them to window shop in the comfort of their own PC's. They don't have to leave their home or office. They don't have to leave their desk and drive down to a store. They can do everything with just a little typing and some mouse clicks. The bad thing for them is when they've actually chosen what they want to buy, but they can't complete the transaction because they website they're in does not accept credit card payments. This is surely a source of disappointment for most, if not all, online shoppers. To avoid this with your own customers, you need to be able to accept credit card payments and that is by getting a merchant account.

A merchant account is an account that allows you to legally accept credit card payments. You can obtain it from a merchant bank or a credit card processor. If you have just opened your business, you may have a hard time getting your application with a merchant bank approved. This is because these banks do not usually grant accounts to businessmen who do not have an established position in the market. In other words, if you have just started, it is likely that your application will be disapproved. A credit card processor, however, will not have as stringent requirements as a merchant bank. This means, even if you've just begun with your business, you can already apply for a merchant account and getting your application approved will take a much shorter time.

Article Source: http://EzineArticles.com/?expert=Justin_C_Davis

Advantages Of Invoice Factoring Services

For a small or medium sized business, no challenge can be as big as having to wait for the payment from customers. The delay can range from about 30 to 60 days during which, carrying on with the day to day running of the business becomes extremely difficult. This delay can cause a severe cash crunch because no matter how much money you have accumulated in the form of invoices, there is absolutely nothing in the bank accounts for you to show. This dearth in cash will make it difficult for you to pay your employees as well meeting your current orders. Thus, seeking the assistance of invoice factoring services is an extremely good idea under such circumstances.

Invoice factoring, which is also known as accounts receivable factoring is a financial service with the help of which owners of small businesses can make use of the power of their invoices. These invoice factoring services purchase the invoice from you and give you ready cash in return. An invoice is nothing but a promise from your clients that they will pay you on a later date. So these companies are the ones who wait for the payment whereas you can use the money to expand your business.

What is important for you to understand is that this particular service is not going to be available for every small business. There are certain requirements that you have to meet in order to be considered eligible for the same. First and foremost, you need to do business with a commercial client. Secondly, your company should have made some profits because the invoice factoring services would not want to be a part of a business that is running in losses. Thirdly, the profit margin for your company should be more than 20%. If you are able to fulfill the above criteria, the invoice factoring services will be glad to help you out.

If you are wondering how the entire process works, there are absolutely no complexities involved in it. The payments by the invoice factoring services are made in two installments. The first installment covers about 60 to 90% of the gross value of the invoice. The rest of the amount is paid only after the client makes the payment. The charges for the services are deducted from the second installment.

If you are looking for reliable invoice factoring services, Texas residents can now visit Mazon Associates, Inc.

Article Source: http://EzineArticles.com/?expert=Kathleen_Chester

Review Local Bookkeepers: How to Locate Bookkeeping Services?

In any form of business, bookkeeping is considered to be very important. It is because of its usefulness in tracking the finances and transactions of the business. If you wish to make sure that your business operates in a very smooth manner, you need to consider hiring the best bookkeeper in your area. In order for you to obtain an absolute guarantee that you will be choosing the best bookkeeper, it is important for you to review local bookkeepers. You have to do this in order for you to find the most loyal and reliable bookkeeper in your area. Through this, you will have an assurance that everything related to your finances is recorded and reported securely.

When you review local bookkeepers, it is important for you to first determine the specific bookkeeping needs of your business. You have to know exactly what kind of service your business needs so you will be able to easily identify the best possible options for you. Any bookkeeping software usually provides basic accounting functions like general ledger, accounts payable, accounts receivable and cash functions but depending on the type of industry that you have, you may require more accounting functions. So it is important for you to find out what specific functions your business requires in order for you to pick the best choice.

It is also advisable for you to study the associated costs once you review local bookkeepers. If you wish to look for affordable bookkeeping software, make sure that you exercise extreme caution. You should also know that learning the bookkeeping software that you have chosen and the training costs involved once you start training your accounting staff is usually more expensive than the initial purchase cost of the software. Because of this, you have to prepare a substantial amount to ensure that the software will work to your best advantage.

It is also important for you to deal with a bookkeeper who is willing to give you immediate support when you need it. This means that when you review local bookkeepers, you should spend some time asking each of them if immediate support can be expected from them if ever problems arise. You should make sure that you will be dealing with a bookkeeper who can offer support to you 24/7. You cannot risk your files being damaged once you encounter problems while working with the software.

It is also important for you to find a local bookkeeper who is a known expert in the field of bookkeeping and accounting. Since your business contains sensitive financial information, it is important for you to hire an expert bookkeeper and to purchase reliable and effective bookkeeping software. This will be useful in ensuring that all your transactions are recorded securely. So when you review local bookkeepers, make sure that you look into the training and expertise of each of your options. You should not allow impulsiveness to govern your decision when looking for the best bookkeeper in your area. Once you choose an expert bookkeeper with extensive training, you will have a guarantee that all your business transactions and data are safe. You can also expect to obtain the most reliable and accurate financial information out of using your chosen bookkeeping software.

Article Source: http://EzineArticles.com/?expert=Luminada_Jenkins

Factoring And Invoice Discounting: Part 5 of 5 - How To Choose Between Them

In both factoring and invoice discounting the lender will provide you with funding known as an advance against the value of the cash due into you from your debtors.

As you then forward them new sales invoices and they receive your debtors' payments on a daily basis, the total advance they are prepared to give you will change from day-to-day. Deducting the previous day's outstanding advance from the total advance they are prepared to make today gives you your current availability, which is the amount of cash you can ask the lender to send to you (or 'draw down').

Whilst each involves borrowing against the security value of your debtors, factoring and invoice discounting differ in how they work. and two of the important ways are set out below.

Visibility and Control.

In factoring, in addition to advancing you money, the lender also takes over management of your sales ledger and credit control and provides you with the service of actively chasing your customers' payments on your behalf. This can in itself be an advantage if your credit control has been poor but you will also have to place a notice on your invoices that the debt has been assigned to the factor and that your customers should pay the factor direct.

This means however that your customers will quickly become aware that you are factoring as they will see the notice and will be contacted directly by the lender about their bills, so factoring is normally a very public form of financing.

Because this can cause some businesses concern as to how their key customers are handled, in some cases factors will allow a 'CHOCs' arrangement for key accounts (client handles own customers) whereby you retain control of the contact with the customer, while some have also gone on to develop 'confidential factoring' facilities.

Invoice discounting differs from factoring in that you continue to run your own sales ledger and collect in your own debtors. As you are continuing to do your own debt collection you can have confidential invoice discounting ('CID') which means that your customers will not generally be aware of the arrangement.

Live and Delayed Adjustment

As a factor is advancing you funds against individual invoices and is running your sales ledger, any adjustments to the amount of lending they are prepared to advance, for example as a result of a change in the value of older debt, is made immediately on a day-to-day basis.

In invoice discounting the lender does not run your collection process and tehrefore does not have a day-to-day understanding of your ledger. Instead they will normally require you to provide a monthly reconciliation of the account showing, for example, any change in the level of debt over 90 days that will need to be disallowed. The lender will then use this information to make any adjustments required to the reserves. As a result you can find yourself suffering a significant adjustment to the funds available as a single hit on submitting the reconciliation, rather than having a daily series of smaller movements as in a factoring arrangement. While they may amount to the same value in terms of cash of course, the size of the adjustment on a monthly basis may in practice be more difficult to deal with.

This difference is likely to disappear over time as one lender has introduced a service which automatically synchronises the lender's records with your accounting system on a daily basis and makes the adjustment required. As a result, this reduces the potential for a large 'hit' following a month end reconciliation and other lenders are likely to follow suit over the next few years.

They also differ as since an invoice discounter is not directly in contact with your debtors this is viewed by lenders as being a riskier form of finance to offer than factoring. Discounters therefore tend to only want to provide facilities to larger businesses, typically with turnovers in excess of £1m and with a positive net worth on the balance sheet.

Some of the key differences are summarised below:

- Visibility to your customers: factoring is almost always disclosed; invoice discounting is usually confidential.

- Debt collection: is part of the package in factoring; with invoice discounting however you remain responsible for this.

- Adjustments to availability: happens 'live' with factoring as the lender is in direct contact with your debtors; usually only happens on a monthly basis with invoice discounting.

- Application: factoring can be used by most businesses with factorable debt; invoice discounting is usually only available to businesses with turnovers of over £1m and a positive balance sheet.

So it's important to match the type of funding to what best suits your business.

Article Source: http://EzineArticles.com/?expert=Mark_Blayney

QuickBooks for the Self-Employed?

QuickBooks is the award-winning accounting software manufactured by Intuit. Because there are so many different types of business models emerging in the global market, Intuit offers a large selection of QuickBooks versions for online, software, and mobile app use.

Traditionally, when one thinks of QuickBooks, they think of its compatibility with small or growing business needs. For example, QuickBooks offers a range of applications for invoicing, payroll and customer profiling. QuickBooks Online Essentials- the second most basic version of the online edition- comes equipped with tools for organizing, contacting and describing vendors and customers in ways that almost any small or growing business will benefit from.

In order to help more specific business models, Intuit also offers versions of QuickBooks specifically for contractors, non-profit companies, and manufacturing companies. The list of ways in which QuickBooks can aid these complex business models keeps growing, as the needs and specific characteristics of these industries grow as well.

So what about the Self-Employed individual? Does the independent person, with a business run by one or a few people, without more overhead than a computer and cell phone, still need QuickBooks? Surely even these people benefit from more organized business plans, especially around tax time. But does a self-employed individual really need to purchase such powerful software, if for example, they don't have vendors and invoices to worry about?

I think so. While QuickBooks' advanced vendor or inventory organizing capabilities may not be what most Self-Employed individuals absolutely need, the advantages that QuickBooks offers in maintaining, and categorizing profit and loss are enough to require the program alone. QuickBooks Online Essentials for example, links directly to one's online banking accounts so that the program can analyze and update accounting info for the user every 24 hours. Once those numbers have been imported, the user can go through and categorize each expense, giving them a better idea of how their profits and losses stack up, and keeping the stress at a minimum come tax time.

For a few extra dollars a month, you can upgrade to the QuickBooks online versions that offer comprehensive budget plans to help keep you on track, and running your business more effectively, no matter what its nature or size. All of these programs, be them online or software-based, are offered with a 30-day free trial period, and you can also get QuickBooks Online Discounts for up to 20% on most versions.

Not every business needs comprehensive invoicing and payroll programs to run smoothly, but nevertheless, any business, be it big or small, can benefit from the organization and intuitive capabilities that QuickBooks can offer.

Don C Tazman is an accounting expert who has been helping businesses in the Silicon valley succeed for over 15 years.


Article Source: http://EzineArticles.com/?expert=Don_C_Tazman

What Is Your Credit Policy?

Profit is directly proportional to the volume of sales, provided all your business transactions are cash based. Is it possible for a manufacturer, wholesaler or retailer to carry on his business without offering credit, in this competitive business environment? The answer is a definite "no", because extension of credit improves your sales and thus your profit. Problems arise only when a firm is not able to recover the debt within the stipulated period of time from the customers.

What is receivables management or debtors' management?

It covers two aspects. One, the kind of money that is being invested in debt rotation. Second, the risk factor which includes loss of money or the opportunity cost that the firm foregoes. Had these funds not been tied in receivables, the firm would have invested the same elsewhere and earned income thereon. A transaction entirely through cash is definitely a possible option, but whether it is lucrative in the long run must be subject to consideration. When customers are not offered credit, they choose concerns that extend credit facilities and thus you may lose your earlier customers and also exposed to the risk of declining sales proportions.

In credit sales, the supplier offers credit for a specific time period, which is an investment from the angle of supplier and largest single source of short term financing from the angle of the customer. The supplier should be able to recover the amount of interest on the credit investment he has made. How?

* Recovery of debt within the stipulated credit period
* Taking interest from the customer for the period of delay
* Volume sales
* Surplus capital to offset these negative impacts on rotation of funds
* Proper formulation and execution of credit policies by the finance manager
* Discipline in collection policy and its execution.

Cash discounts, quantity discounts and trade discounts are offered by many firms to the customers to encourage credit sales, favoring bulk purchases. A firm cannot be expected to survive long by pursuing the policy of cash sales while similar firms can overtake it by adopting to liberal credit policies.

The main aspects of receivables management decisions are as follows:

* Time period of credit
* Credibility of the customer
* Cash discounts
* Trade discounts

Credit policy on one hand stimulate sales and so also its gross earnings,but on the other may be accompanied by added costs, such as:
1) clerical expenses involved in investigating additional accounts and servicing added volume of receivables,
2) increased bad-debt losses due to credit extension to less credit worthy customers,
3) higher cost of capital.

Incremental earnings from increased sales should be matched with incremental costs that arise due to credit terms, to avoid funds being tied up in receivables. In course of time it would deprive you of your profits. The pivotal consideration of your credit policy would be the selection of credit worthy customers or debtors. If your funds become sticky, recovery is not at all a mundane task and you need to proceed legally to claim your rights. Properly maintained accounting records and vouchers will stand as a testimony in your favor, in the court of law.


Article Source: http://EzineArticles.com/?expert=Shyamala_Sankaranrayanan

Get Merchant Accounts For Easy Transactions

Not long ago customers used to go the market to buy whatever they needed with cash in their pockets. However, you barely see any cash transactions anymore because credit cards are convenient, safe and hassle free. Moreover, they get handsome rewards from credit card companies, which motivate them to use their cards even more. With credit card payments becoming a bulk of market transactions, you need Merchant Accounts to stay in the game.

Merchant Accounts are what you need to be able to accept credit or debit card payments. More and more businesses are getting these accounts to provide their customers easy means of transaction to keep them coming back for more.

There is also a large segment of customers who buy products online. It saves them the time of going to stores and looking for what they want. These users have everything at their fingertips, and to target them you need to get an Ecommerce Merchant Account. It makes it possible for you to accept online payments for your goods and services.

If you are still not convinced about the advantages of having these accounts and are worried about investment costs, you should stop fretting about it. It's not too expensive to get these accounts and you can look at it as an initial investment for long terms gains to your business.

Advantages of getting Merchant Accounts are:

* You will be seen as a growing, evolving business setup when you make credit card payments available to your customers. They naturally associate certain degree of trust to your business and it will win you brownie points.
* A majority of transactions today are done with credit cards. You are bound to see a positive growth in your sales instantly. More sales means bigger profits and that will lead to growth in your business.
* You will be able to sell anything and everything online. There is a whole new market out there, which is waiting to be tapped and you can make your move sooner than later.
* It will facilitate instant transfer of funds into your account so that you can maintain cash flow into your business
* Credit card transactions are generally much bigger in volume, which will grow your income manifold.
* You can get them without much hassle and cost.

You can make things easier for yourself and your customers

Business Owners or The New Accounting 101 to Understand Accounting

Having the feeling that you, business owner, are in control of your Business Finances is not an easy, especially if you have no financial background and that you have been running your business for many years and you have been focusing on getting more clients and make things work the best as possible. This is great and I would like to congratulate you but this is not enough to have great success in your business. As if you don't understand how your business finances are doing, you can easily lose control of it all and go bankrupt in the worst cases cenario.

Now you don't need to become an accountant to understand accounting. As the most important is to be able to understand the language of what financial statements are for and what each figure mean Once you have this under your belt, you are good to go to make it happen.

Nevertheless good training is first of all not easy to find and secondly good quality training is expensive, and more so if you want Accounting 101. This is the perfect way to learn though as it gives the gist straight away without having to go through the boring topics that academic books contain and which are not even useful to you. A 2-day seminar with a reputable financial training company costs between $10,000 and $20,000. This is a lot. So how is it possible then to learn how to understand accounting and get Accounting 101 for a reasonable price. Well thanks to modernity, the solution is there for you: Online Accounting Tutoring.

Online Accounting Tutoring is nowadays the best way to meet high standards with good price. You can have interactive discussion with your tutor in the live classes or seminar, get your training material shipped to your home, addresses the issues you want on a one to one basis if needed, share your ideas with other students and get the most of it all from the comfort of your house.

Business Finances Made Easy's mission is to help business owners getting an accurate understanding of their business finances. This will allow them to be able to discuss their business finances at any time with confidence and will help them to get additional funding on demand.

Article Source: http://EzineArticles.com/?expert=Sabrina_Antou

How to Develop Your Business Financing Strategy

You don't have to be a top-notch CFO or an accountant to come up with a strategy to finance your business. Just know that it will take more than you showing up at your lender's doorstep with a bunch of financials in hand.

By looking back at your greater business plan, understanding what a lender typically looks for in a client, and knowing how to present your key financials when the time comes, you can successfully increase your chances at obtaining the financing you need to grow your business.

Follow these three steps and you'll be well on your way towards a strong business financing strategy.

ONE: Be very clear about your objectives.

No, the objective isn't just to obtain financing. What are the overarching goals of your business? How does obtaining financing help you achieve those goals?

Make sure that you have a good solid idea of the "big picture" strategy of your business. A great way to do this is to look back at your business plan and identify the main objectives of your operation.

If you can create a case on why you need financing and how it aligns with your greater business strategy, you are instantly ahead of many business owners and entrepreneurs who are often not very clear on the subject.

TWO: Educate yourself on what a lender looks for.

When a lender has to take time to make sense of confusing financials, the chances of obtaining financing for that potential borrower drops significantly.

Remember, questions cause fatigue.

Take a moment out of your busy schedule to understand what underwriters and lenders look for when given a business's financials.

When the lender has fewer questions while looking over your financials, the better the chances of them truly understanding why they should extend a loan to you.

THREE: Presentation matters.

When the time comes to present your case for financing, take all of the knowledge and tactics from steps one and two and turn it into a presentation that is clear and concise.

Other than clarity, be honest about your business's performance over the years.

While this may sound counter intuitive, fully disclosing your business's performance and explaining the data that they see can help build an accurate case for your business.

Stay ahead of the game.

A terrible situation that afflicts many business owners is when they finally realize that their business needs financing, but are unprepared to approach the problem.

Invest time into fully understanding your business's financial status. This means creating some kind of system for tracking key data points, or seeking outside help from a business finance specialist. When the time comes to seek financing, you'll be fully prepared to find the right lender to help grow your business.

It's interesting that people are willing to take the time to prepare for harsh elements by weatherproofing their homes, or paying for car insurance in case of an untimely and unfortunate accident.

Is it all that different to spend time and resources into preparing your business for growth?

Matt Burk is the Founder, President and CEO of Fairway America, LLC. He is also the co-host of FinanceCoach(sm) Radio. Matt is a small business finance expert that helps small business owners navigate the dysfunctional process of business financing by providing ongoing guidance and expertise.

Article Source: http://EzineArticles.com/?expert=Matt_Burk

Managing Account Payables With Efficiency

Every type of business will have its own set of challenges. A restaurant may face a shortage of waiters, which can obviously create issues with regards to customer service. A document management company may have problems with file security.

An appliance store may deal with substandard products delivered by an otherwise trusted manufacturing brand. There are different ways that businessmen will have to keep putting up a fight against different elements, from virtual to physical, especially in the face of tough competition. One thing that can be debilitating, however, is a transaction that limits cash flow. Regardless of the circumstances, when cash flow is limited, there can be very serious financial consequences.

One of the very common ways that cash flow can be compromised in any type of business is when account receivables are not paid on time, if, at all, they are paid. Account payables are sums of money that clients owe the business after availing of products or services without having paid the cost. There are businessmen who let customers make purchases what without outright cash payment. This payment is simply promised through a check, a credit card or some kind of contract. This has been a practice in many industries for the longest time, and while it works for some businesses, it doesn't for others.

So what makes one business stay in control with their account payables while the other gets into trouble? There is no standard or hard and fast approach to this, but one thing is sure - the way an accounts receivable department is managed makes all the difference. The issues can be different, depending on the nature of the business. Hence, it takes a lot of know-how and experience for an accounts receivable manager to be able to collect payments before the business cash flow starts to suffer.

There days, managing account payables has also become way easier than how they did it in the past. Back then, what these people had were piles upon piles receipts, invoices and other documents which they handled manually. Just imagine the time it would take to clear an invoice, beginning with the documentation itself. However, present technologies have made this task more convenient and efficient. With the right software, the tasks of managing account receivable can now be done with a lot less room for error and faster. When managing account payables, time element is crucial because this determines just how bad the effect will be when an account stays unpaid. The longer it stays unpaid, the more limits cash flow and the more damaging the domino effect could be.

Article Source: http://EzineArticles.com/?expert=Greg_Pierce