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Archive for May, 2009

Inventory & Supply Success

Friday, May 15th, 2009

 A company I know and highly respect (IDEA) specializes in inventory management and supply chain success.  Their clients boast about inventory accuracy as well as thriving with far less inventory.  That’s CASH in your hand on both counts!   Check them out at IDEA.

As always, hope this helps your business and be sure to tell IDEA we sent you.  Best wishes, Kraig

 

Better Your Business – Three Tools

Wednesday, May 6th, 2009

Here are three quick tools to better your business today:

1 – Borrow better:  we’re hearing that credit unions plus local and community banks are looking to do solid business lending.  That sure beats the general bank environment right now!  New add on April 7, thanks to Vistage International:  SBA’s are lending actively now due to the stimulus package, too, up to $4 million, reportedly!  Check it out at CDC’s:  Non-profit Certified Development Companies.

2 – Collect better:  We’re seeing businesses collect better by being nice at first in their collection efforts, using a timetable they stick to, and then getting tough if necessary.  See the other articles posted earlier below on collection and credit by our friend, WalkingBear!

3 – Motivate better:  several companies are succeeding through greatly improved employee engagement by celebrating small successes with high-quality company-logo caps, shirts, or jackets that are personalized with the employee’s name.

Why not try all three now to better your business?  And, please leave your thoughts under Comments Welcome below.  Best wishes, Kraig

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Tool to Catalyze Credit & Collection

Friday, May 1st, 2009

Virtually everyone’s put a customer on COD, but how about COD plus 10%?  Wow, what a great idea to get a regular, timely payment of the older debts owed you!  Simple, logical, and very effective – try it today.  Oh, and if you explain it well to your customers, you’ll keep them by helping them get back on track, cash-wise, over time.  After all, probably no one else would sell to them under any circumstances. 

 

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