Showing posts with label
money guidance. business coach.
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Showing posts with label
money guidance. business coach.
Show all posts
Thanksgiving Thoughts :
When you are in business you have a tendency to feel alone....after all you are the one who is responsible for... well everything. Even if you have employees...you are still the one that as President Harry Truman stated, "The buck stops here." And that is at it should be.
The BONUS is the friends you make along the way. Fellow business owners who share with you, associates who help and customers who are loyal.
Today I am thankful for all those who have been my friends, associates, business partners and clients. Thank you for being there and thank you for still being there after all these years.
Special Thanks to the Following:
Joanne Quinn Smith of Positively Pittsburgh Live
Jill Kummer of Blacktie Pittsburgh,
Donna Baxter ofThe Soul Pitt,
Allen Levine of Pittsburgh Sportsline
Ola Jackson of OWN
Diane Daniels of DID Associates
Ruth Byrd Smith, Director of Allegheny County M/W/DBE Department
Thank you for everything you do to help small business. Happy Thanksgiving.
Thursday Biz TiP: Definition of Financial Terms...
Accounts Receivable: The money that is OWED to YOU for services or products sold to your clients or customers. Accounts Receivable are CURRENT Assets...no longer than a year old.
Payment terms are established as part of the sale:
For example, JoAnn's Plumbing Services has installed a hot water tank for Mr Brown. The agreement of sale states the payment terms. The terms could be IMMEDIATE, 10 Days, 30 Days, whatever is stated on your bill. Make sure your terms are CLEAR and UNDERSTANDABLE!
Banker Tip:
Going for a loan? You are judged on how QUICKLY your Accounts Receivables are collected. If you allow them to drag out to 90 -120 days...they are seen as not good. Be careful of collection time...it can count against you.
Want to be in charge of your business...take the time to learn not only the "book" definitions of financial terms...but how they REALLY IMPACT your Business. Give JoAnn Forrester "The EmpressofBiz" a call at 412-440-6969.
