Cash flow is an on-going challenge for independent retailers, as it is for many small businesses. Sales growth remains modest at best, and credit remains largely unavailable to many independent retailers. That puts many squarely behind the eight ball.Here are 6 tips that can help you drive more dollars to the bottom line:1. Focus your marketing on your proven customers. These are the customers who have demonstrated already that they value what you do and the merchandise you sell. (What else can you offer them?) These are customers who have shared their email addresses with you. This is your List, and it's one of the most valuable assets you have. Marketing to these customers is much less expensive (and more productive) than marketing more broadly using expensive traditional media, like newspapers and magazines.2. Turn your inventory. Having more doesn't mean you'll sell more, especially when the extra inventory is in unnecessary depth of stock or in items at the fringes of assortments. Lean inventory, closely aligned to support prudent sales plans, promotes a greater sense of urgency with customers to buy now, when they first see it, rather than wait for when it might go on sale. Replenish more frequently, in smaller quantities, continually bringing in new, fresh, exciting merchandise.3. Don't compete with yourself. Most independent retailers should adopt a Better-Best or a Best-Only pricing structure. Offering too many options where customers can trade down to a less expensive item leaves money on the table and slows the turn on the higher priced offerings, thus lessening their perceived value. If consignment merchandise is part of your mix, make sure they complement rather than compete against your assortments.4. Get paid for what you sell. Sales and promotions melt away cash flow, not to mention the fact that they lessen the perceived value of your offering and encourage customers to wait for the next sale. Getting paid also requires, however, that you fully mark up your merchandise in the first place. Markups tend to naturally erode as wholesale costs increase and retail prices don't fully keep up, unless you actively manage your markups to keep them where you need them.5. Make payroll a manageable expense. For most independent retailers, payroll is the largest cash outflow after merchandise payables. A payroll that is primarily made up of salaried and full time hourly employees may provide a level of stability but can be pretty inflexible and can create significant cash flow challenges, particularly during slower periods. A more balanced payroll, between salaried and full-time hourly employees and part-time employees, provides the flexibility to more closely align payroll dollars with when they are truly needed.6. Stop doing things the way you've always done them. Familiarity is comfortable, but it leads inevitably to diminishing returns. Customers thrive on newness; on new merchandise, presentations and experiences. Repetition breeds staleness, and that will drive customers elsewhere. The most successful independent retailers are always re-inventing themselves, testing new items, programs, presentations and concepts.After all that we've been through, how much cash flow is enough? It's not enough just to be cash flow positive. The challenge is to generate exceptional cash flow from the sales revenue you are generating, even as you work to grow revenues even further.Copyright ?? 2012 Ted Hurlbut
Top-up covers are, to put it simply, additional health insurance covers that take care of medical expenses that go over your main policy cover.How Do Top-up Covers Work?Top-up covers work on the deductible sum insured concept. Deductible amount means the amount which you have to pay first so as to trigger the top-up cover. You can pay this deductible amount from your existing / base health insurance policy, or out of your own pocket.Here's an example to explain this better:The question would arise in your mind regarding the necessity of having a base policy to purchase a top-up cover? Though the base policy is a requirement, you can still buy a standalone top-up cover where you do not have any base policy. In this case, as suggested earlier, the deductible amount will have to be paid from your pocket and all the standard waiting periods and exclusions would apply for this as it would for a regular policy.Standard waiting periods:It should be ascertained that when you purchase a top-up cover the deductible amount should match your base policy sum insured otherwise the difference would have to be borne by youWhy opt for a Top-up Cover?The simplest reason for buying a top-up cover is that your health insurance policy may not always be sufficient when it comes to large medical expenses. Let us take the example of Aditi:Aditi is a young corporate professional. She has health insurance for Rs.3 lakh. One day, she is diagnosed with a serious illness and is hospitalized for treatment. Within 5 months, her health insurance policy has been exhausted due to the treatment being very expensive. Luckily for Aditi, she had taken a top-up cover of Rs.10 lakh, with a deductible of Rs.3 lakh. So her medical bills continue to be paid without any trouble.Top-up covers are also useful if you are a senior citizen, or approaching that age. As you grow older, getting an increase is the sum insured of your base policy will be difficult and expensive. The premium rates will be very high and there will be numerous medical tests to undergo as well. In this case, having a top-up cover means that you can stick with your base policy, while letting the top-up cover take care of any extra expenses that arise. To illustrate this better, let us see the example of Narayan and Irshad.Irshad and Narayan joined the same company together when they were 25 years old and have been working there for 27 years. All these years, their employer had been providing health insurance for them, for Rs.3 lakh each. Now, at the age of 52, they want to change jobs and move to another company. Unfortunately, this company does not provide health insurance for its employees, and they both have to buy their own individual health policies. They both realise that as senior citizens with greater health risks, a Rs.3 lakh policy is no longer sufficient, so must go for a higher sum insured.Narayan had remained content with the health insurance provided by the company. Now, when he goes to buy an individual policy, he finds out that there are numerous medical tests for him to take, and that when he finally takes insurance for Rs.10 lakh, the premium is extremely high.Irshad, however, had taken the precaution of buying a top-up cover for Rs.15 lakh, to go with his employee health insurance. Now, he does not need to buy a policy with a higher sum insured. He simply takes a Rs.3 lakh policy. He knows that though a Rs.3 lakh cover alone is not sufficient, his top-up cover will take care of any extra expenses.In the end, Irshad's precaution of buying a top-up cover many years ago means that now he has to pay far less in premium amount, whereas Narayan must pay a very high premium while having less cover than Irshad.So go for a top-up cover to secure yourself against health-related risks to your lifestyle and savings, and jiyo befikar!To learn more about the Bajaj Allianz Extra Care Policy and how it can extend your health insurance, click here.
Some individuals who think of making a great investment commonly consider other choices apart from land simply because they think or familiar with certain items such as making a good purchase of land that are sometimes not true. The same thing is generally supposed of land traders who spend or do not purchase traditional on these misconceptions. These misconceptions avoid would be land traders from taking away the possibilities accessible to them.Here are some Area financial commitment misconceptions that many traders told.Property remains the same everywhereThere are so many classifications under which property or area falls which can be separated into such as personal, professional, and farming land. Farming land, for example, has a variety of different qualities such as natural environment, land which has preparing authorization and also land which does not have preparing authorization approved on its name. hence, overall observe that there are a variety of groups and categories under which property drops and each one is cost accordingly.Area costs is done according to provide and need percentages. There are several places which are known as primary because of the services offered there along with the level of growth which currently is available there and this explains the land costs in these places are at their optimum. These types of costs are usually costlier than the selling prices of land in sub-prime and suburban areas places. The value of the property and the long run development leads are also taken into account before determining on the costs of the land.A lot of money is needed for making an investment in landThis is not actually the case with regards to the type of area you are looking for to purchase and the need for that area. The cost of area is usually a mixture of market causes. These charges are normally affordable and a large money is not needed. Additionally you can purchase area inexpensive particularly if it foreclosure on.Other possibilities are also available to you through a variety of resources such as property organizations. Moreover, with more possibilities meant for funding, making an financial commitment in area has become much simpler. Whenever you are making an financial commitment in area you are not required to buy huge property on your first investment; you can make a choice of less sized story.Making an investment in area is not as easy as it seems and needs a heap of professional and specialized abilities as well.
It is a Known Fact That American Society Has Become Increasingly Unequal
Of the entire consumer purchases, 37% are made by 5% of those Americans who are in the highest income group as per a study of Moody's Analytics. It should not be a surprise to anyone as it is a known fact that American society has become increasingly unequal.With the bulk of the income moving upwards, the middle class lack sufficient purchasing power to keep running the economy without sinking more into deeper debt; everyone has seen where that leads to. The economy is dependent on the spending power of only few persons and naturally this exposes it to bigger booms and bursts. The rich are prone to speculate and splurge when their own savings are performing well. But when the value of their own assets takes a tumble they withdraw. This leads to wild fluctuations.The economy of the country will not get back on rails until this push towards inequality moves in the reverse gear. Even if Obama manages another stimulus and even if Bernanke keeps rates of interest near zero - neither of these moves can perform a miracle without the middle class having the spending power. Pumping becomes a solution only if the well is holding sufficient water.Looking back into history covering a hundred years, this pattern emerges. During the days when the super rich took a reduced proportion of the total income (1947 to 1977 - the great prosperity years) the nation in its entirety grew speedily and median wages spiked. A virtuous cycle was generated by which the continuously growing middle class had the capacity to consume greater supply of goods as well as services; this in turn led to the creation of more jobs and better jobs that led to further fueling of demand. This rising tide did in reality lift up all the boats.But during those days when the proportion that the super rich pocketed (1918 to 1933 and again starting from the time of the Great Regression in 1981 till today) the speed of growth became slow, median wages began to stagnate and the country suffered mega downturn. Thus it is not accidental that over the past century the share of the top earners of the nation peaked in 1928 and again in 2007. These two years preceded the biggest tanking of the economy.
In spite of the fact that in most banks income sometimes fails, they rarely pay attention to any customer policy. It has long been the delusion that banks need not pay much thought to customer services just because they had customers. Some banks even if they possess good customer relationships are unable to cross sell as they have not figured out who to target with what product/service. What happens is that customers are over and over again approached for the incorrect products.Today the banking sector have become well advance in terms of enriching customers satisfaction as well as primary banking functions but still it's important for the banks to keep on introducing new ideas in terms of catering services to its customers. Most of the banks are coming up with a plan to meet the requirements of modern day customer, a latest example of such services is Plat5 HSBC premium circle offer.HSBC Bank offers to its existing customers, who have been granted a HSBC Card a "HSBC Card PREMIUM Circle" facility. The Program offers the HSBC Cardholder each of the following services- Special value offers on travel, shopping, dining, utility bills, fuels etc to help HSBC cardholder get the best value from their purchases. HSBC in association with the PLAT5 CONSULTANCY PVT. LTD. offers to its existing Cardholders, holding a valid Bank Credit Card the Club vacation Offer. Under the Offer the eligible Cardholders shall be entitled to avail the facility of Two Nights & Three Days holiday package upon fulfilment of the terms and conditions contained. Free Joining Gifts (like a branded watch) will also be given once the fees have been paid by the customer.The new age has resulted in banks and financial agencies rethinking their strategies and goals. They have come to recognize the significance of hanging onto the customer and keeping him happy. The rules that once governed the banking industry have changed. They have realized that adopting a customer based plan is essential and needs to be undertaken. The vast majority of banks now realize they need services of companies like plat5 consultancy in order to meet the customers demand and are opting for the same as well. And services like HSBC cards premium circle offer are an ideal example of customer oriented servicesWhy Plat5Plat5 is a group of strategically linked companies with complementing domain expertise and a well experienced client focused team.The BFSI domain expertise in conceptualizing and executing promotional offers / campaigns coupled with the rich entrepreneurial experience of the team, gives Plat5 the advantage of providing an end to end solution to its partner, i.e. from conceptualization to execution to delivery.
Most of the companies today, irrespective of their size are listed on the stock exchange; others are still trying. The stock of a company is listed on the exchange are open for public to decide if they want to buy. For those who are trying for London Stock Exchange Listings, read the below instructions for getting it soon: Instructions: If you want your company to be listed on the GXG Stock Exchange , choose a reputed investment bank to partner with and do business. The bank handles most of the tasks to get you listed on the exchange. Since you have started a new business, it is advisable to partner with the bank and let it handle the listing process. Discuss the terms of the agreement with the investment bank carefully and in detail. They generally want to know what security you are offering. If it's a stock. Then, there are two types of guarantees - firm guarantee and best efforts agreement. Work closely with the investment bank and plan out things. The registration with the stock exchange is important. The registration includes information on management, insider holdings, for what purpose will the money be used and additional information that will attract investors in buying your company's stocks. Fix the price per share, contact and get assistance from major investors. Set your price range to medium. Since too high or too low stock price refrains investors from investing in your stocks. In this case, even the bank may help you in fixing the price per share. The bank will help you determine the best price to be charged per share depending on the market performance. Watch the up and won movements of your stock. Investors buy and sell stocks in seconds depending upon their profit. If all goes proper, money will flow into your business helping you further expand it. Investment is stock exchange is a risky decision, which every investor has to make. Risky, because the price and condition fluctuates every second. Consult reputed or professional stock broker to make the right investment decision. If the market is bull phase, you can expect double of what you have invested. If the market is in a bear phase, the stock price falls and you may not even get the invested amount. Examine the market before investing in the stocks. More research, more profit and returns. Invest with care!
There are several institutions which have a threat against fraud. These institutions must be proactive with respect to management of their monetary aspects and must have a guard against fraud ready. Proper management is required when it comes to prevention of any kind of fraudulent activity. There must be proper investigation that is required. It is also important to make sure that the fraud is managed through a proper system. The system which managed fraud must also address the Secrecy Act which is there with the bank. The companies need to comply on regulatory basis in order to protect stakes of the holders. If a company or institution has a stable protection shield and software for suspicious activity reporting, it can work without any worry and can explore its potential to the fullest too. If one looks around, there is no lack of management solutions; one just has to choose the best possible solution. What really are the functions of case management software? One of the many functions of case management software is that it manages the fraudulent and compliance acts happening in an institution. It also controls multiple cases of fraud accounts. The software is known to connect various cues and stop fraud and money laundering at an executional level. The software integrates compliance as well as frauds. The legacy data is also integrated. The software manages and supports decision procedure as well. The management at every institution must be active with its approach to figure out and restrain every suspicious activity. Early detection of money laundering is something which is important to protect institution stakeholders. If a company has the case management software, it will be able to manage its frauds properly and also be less prone towards illegal pursuits. The software must be such that it integrates the systems and does not always take much time when it comes to implementation. There are so many products in the market which can be helpful for fraud management and these softwares also take less time in implementation. One needs to spare good amount of time in market research to choose the best option when it comes to fraud management. Ever year organizations end up reporting losses when it comes to corporate frauds; these frauds must be prevented with management softwares. Immediate steps taken are required. One just needs to talk to the experts to be able to choose and match the business needs. Good quality case management will empower the organization.
Despite government rhetoric evidence continues to accumulate that the banks are still not lending to Small and Medium-sized Enterprises (SMEs), according to rescue and turnaround advisers."We are hearing that when companies apply for any lending the banks are only considering loans or overdrafts secured on tangible assets, with most also demanding personal guarantees from the directors in addition to the security" says one turnaround adviser.More evidence was revealed in the February figures released by the Bank of England that reported the total net lending by the UK's five main banks fell in every quarter of 2011 and that banks had missed their lending target to small firms, whose use of bank overdrafts and loans had also declined over the past two years.In a survey of 11,000 small businesses by the FSB (Federation of Small Businesses) it was revealed that just one in 10 had obtained a bank loan in 2011. Furthermore the FSB reported that 41% of applicants had been refused loans in the three months to February 2012. Graeme Fisher, FSB Head of Policy, commented that the UK banking system was not geared up to lower end loans of less than 25,000, adding that "there's no money in it".Business Secretary Vince Cable, quoted in the Financial Times, warned in his recent address at the annual City of London Corporation industry dinner, that recovery is being imperilled by the "yawning mismatch" between bank lending and demands for finance from SMEs.In a forecast at the end of April by economists at Ernst and Young, it was revealed that lending is expected to reduce further this year, to 419 Billion, a drop of 6.8 per cent.In conjunction with all this there has been a significant increase in invoice discounting and factoring. The banks appear to be no longer offering these facilities themselves, leaving the door open for independent companies such as Bibby, Close, Centric, SME, Ultimate and the new British bank, Aldermore.Where the banks appear to be unable to provide invoice discounting and factoring facilities against book debts these smaller companies are. Clearly the banks are struggling or they are simply withdrawing from the SME market. The message may not have yet filtered down to their sales staff who are often saying "yes" to proposals from SMEs but then subsequently the bank credit committees are saying "no".Rescue advisers argue that the banks are being deceitful, whatever the rhetoric they are using public relations tactics to report new loans, which are in fact not really new lending but the refinancing of existing facilities such as turning an overdraft into a term loan or a factoring facility.This is adding even more pressure onto small businesses, he argues, because there is a net decline in the flow of money into SMEs, and furthermore any new money is being provided at a very great cost in terms of fees and interest. While high rates of lending may be justified by the risk when it is unsecured, it is not justified when the loan is secured.Copyright ?? 2012 Alison Withers
As more individuals are working on building their personal wealth, using a service for protection of their assets is critical to maintaining that wealth. Additionally, the use of these services can help to build that wealth while keeping it safe the same time. Protection of assets is important when you have a number of high value assets.Using these services to protect assets will help you to make sure that you are not going to lose your home or other assets should something occur that you might be liable for. There is a wide range of options available today that can help you with this process. In addition to protecting your personal assets this service can help with the protection of corporate assets as well.There are a number of different reasons why an organization or an individual might need this typeof service these days. For individuals, being successful means you may have a good career, a nice home and so on. This sometimes means that when something goes wrong, you will be the subject of a lawsuit that may result in the loss of your wealth, your home and anything else you might have of value.Deciding to use this option will protect your personal assets by limiting the personal liability that any one person will have. In addition it protects all other assets that the person might own as well. Making this choice can be a good option for people who have many assets.At the same time there are other methods found to protect one's property. Using the right investment strategies provide you options for the protection of assets in a number of ways. Some solutions that are used offer an insurance policy that guarantees your funds against loss in specific ways.Finding the right method for protection of assets is important in a number of different ways. Learning which options will be best for your personal assets is important for many reasons. Protection of an asset may be required for an individual for example if they are going through the process of a divorce.Protection of assets is something that nearly everyone is concerned about. Deciding on which options you will use is going to be a personal decision. You might consider the options that will be found through a consulting firm to help you with this task today.
The United States of America is one of the countries that require automobile insurance for car owners. But since it is composed of fifty states, each state has its own laws regarding car insurance. A good example would be the state of California. California has an existing law that necessitates automobile owners to get an auto insurance which fits the state's standards. This means that California drivers must have both bodily injury and property damage liability insurance policies. This means that you would have to look for a CA auto insurance agent when you reside in California. An auto insurance agent is defined as a person that sells insurance policies that protect car owners from financial loss brought about by accidents, theft and injuries. Aside from that, the insurance can also pay for incidental charges which includes towing and rental cars during the repair of a damaged automobile. At present, there are two varieties of auto insurance agents. There are the Independent Auto Insurance Agents who work as 'brokers' that approach several insurance companies and shop around for the best deal for their clients. Second are the 'captive' agents that work for one insurance company and sell policies only for that particular corporation. Another difference between the two is that the independent broker earns money by commission and the one who works for a company receives a constant salary. Finding out the type of agent to get relies on your own discretion. Characteristics that you have to search for in an agent are amazing communication and customer service skills. The agent must also manifest initiative and he or she should give reliable information on the policy. Other than that the agent must be provide you with data pertinent to the inclusions of the policy and the cost of the insurance itself. The agent must also ensure of his or her availability when you need to get a claim. The most essential point that an agent should have is that he or she should have the capability to create an auto insurance policy that protects you and your property; one that is recent and up to date. If you are already at a point where you can confidently search for an insurance agent, you can start by going through California insurance agent listings. You just have to remember to be careful in the selection process so that you get an agent that answers your needs and can work with your budget.