Month: April 2013

Does Your Business Face Foreign Currency Exposure?

There’s a worthwhile read on NYT Small Business blog “You’re the Boss” particularly if your business has international elements – travel, sourcing of product, overseas sales. Perhaps the simplest strategy to hedge this risk  is to lock into US$ as the basis of compensation particularly if it seems that the dollar may weaken. Many times… Read more »

Managing Cash

The phase “Cash is King”, is absolutely true.  Positive cash  flow is the lifeblood for any company and without it, a company will simply wither and die.   Cash flows like water. 3 simple things you can do to improve Cash flow: 1st – get paid faster! If your customers are paying on average in more than… Read more »

How Companies Manage Social Media

Ever wonder what other companies are doing with Social Media? Nearly 2 of 3 that have adopted Social Media as part of their marketing mix have added the management to existing staff responsibilities. Image credit:  Entrepreneur   Only 1 in 20 are “highly satisfied” with their Social Media Campaigns. Image credit:  Entrepreneur 58% post at… Read more »