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Archive for November, 2011

29
November
Ryan Rogers
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At Day 2 of COP 17, South Africa launched it’s master-plan for green jobs, merging the green agenda with the red (socio-economic); the Green Economy Accord (GEA) has an ambitious but welcomed target of just over a quarter of a million new jobs, green jobs in a green energy manufactoring sector from energy production to green productsto green-agri-business with the aim to reduce carbon emissions.

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23
November
Ryan Rogers
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In the immediate term, there was a risk of a money drought for Australian banks, NAB CEO Cameron Clyne told today’s QUT Business Leaders’ Forum at Brisbane’s Hilton Hotel.

“Money is very tight out there at the moment,” he said.

“The funding markets are very, very constrained at the moment. And as each day goes on there is a real funding concern for Australian banks.”

Mr Clyne also spoke about the award-winning NAB ‘break up’ campaign launched on 14 February this year.

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Tags: Banks
23
November
Kristin Edwards
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Franchising, although more expensive initially than starting a new business, is also a most-likely-to-succeed business worth looking into.  In a Palm Beach Post article, the IFA Educational Foundation  says more than 90 percent of franchises renew their agreements.  With contracts averaging five to seven years, that means the rate of success is much higher than small businesses as a whole, said Matt Haller, spokesman for the International Franchise Association.

Pizza, frozen yogurt, bagel shops. Child day care, indoor playgrounds, tutoring. Hair salons and home health care. If

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23
November
Brandon Bailey
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HELSINKI (AP) — Wireless equipment maker Nokia Siemens Networks will slash 17,000 jobs — almost one-quarter of its work force — in a move to cut annual costs by €1 billion ($1.35 billion) by 2013, company officials said Wednesday.

The joint venture between Finland’s Nokia Corp. and Sie

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15
November
Kristin Edwards
Comments

Ive been on a hectic book tour the past several weeks, and Ive listened to thousands of small business owners discuss their concerns.  One common problem:  we need more sales.

Yes, wed all like to increase our revenue and build our businesses.  But hold your horses not all sales are good sales.  Sounds counter-intuitive, doesn’t it?  In order to build a successful business, you must recognize there are times when less is more.

Allow me to explain.

Many small businesses reduce their prices in order to bring more business in the door particularly in todays economy.  However, in most cases the owner doesn’t stop to consider the profitability of the new business.  While the company’s sales figures increase, its profitability often narrows to a point where cash flow issues occur.  In the worst case scenario, the company lapses into a negative cash position.

All new business opportunities need to be carefully considered.  As the business owner, you should understand exactly what it is going to cost to deliver the product or service, including all your business overhead.  Is there enough profit to absorb changes or adjustments?   Do you have t

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Tags: Sales
15
November
Brandon Bailey
Comments

Its attractive, but very dangerous, to try to calculate a bottom line for a firms social or environmental performance. Attractive, because key stakeholders are increasingly interested in knowing those kinds of details. But the main danger should be obvious: theres just no way to add up the disparate factors that make up a firms social or environmental performance. How do you add together litres-of-water-used plus hectares-of-habitat-destroyed? On the social performance side, how do you sum up number-of-women-in-senior-management plus fair-trade-contracts signed?

The answer of course is that you cannot. You cant add up things that are represented in different units of measure.

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14
November
Ryan Rogers
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HELP for businesses and traders in the current economic downturn is an ongoing priority for Cheshire West and Chester Council, deputy leader Cllr Les Ford (Con) has confirmed.

Cllr Ford was replying to a question from Cllr Paul Dolan (Lab) at a meeting of the full council.

Commenting on steps being taken by the government, Cllr Dolan asked if the council had assessed the proportion of businesses and traders who were facing serious cash flow problems, planning to reduce staff or close down or who were unable to access bank loans.

Cllr Dolan asked what measures or support the council could offer or enable to bring relief to local businesses and traders.

Cllr Ford said there was no firm information on the number of local businesses and traders who were being significantly affected by the economic situation but added:Helping our local business community is an ongoing priority for the council.

During this difficult time we have been placing increased emphasis on providing support and assistance.

Action was being taken to ensure that small businesses claimed the national rate relief they were entitled to and the council was also taking a more lenient approach than it had in the past to the payment of business rates.

These were required to be paid in 10 monthly instalments however in view of the current economic climate we are routinely extending this to 12 instalments where businesses are struggling in order to help our business community during this difficult time.

Where further action was unavoidable to protect the councils interests, the authority was extending repayments into the next financial year if that would help to maintain the business.

Economic development specialists were engaging with existing businesses and were looking to provide ongoing support and advice.

This included new initiatives with a small business grant scheme for businesses starting up or in the first three months of trading, one to one business advice for those facing difficulties, drop ins with business advisers for businesses wishing to start up and a new Shop Doctor initiative aimed at retailers in key centres to support increased footfall and profitability.

The council was also working with the University of Chester to provide a one-stop shop for business advice and support through European funding and offered a redundancy support team which could help companies making or considering redundancies through retraining, skills development and benefits advice.

It has recession support advice on its website.

10
November
Ryan Rogers
Comments


Harvard professor and political adviser Jeffrey Sachs advised that the governments handing over of $1bn (725m) to Anglo Irish bondholders was not a good decision. Sachs delivered his comments at the second annual Kilkenomics, a combination of economic and comedic punditry.

Thomas Molloy of The Independent reports that Sachs, the youngest economics professor to ever be tenured at Harvard, went on to say that a decision to stop payments to Anglo Irish bondholders who purchased risky bonds was not like breaching a contract.

Sachs also offered some commentary on the G20 Summit that was held in Cannes, France.

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07
November
Admin
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What to do if you are loaded with unexpected expenses? What if you are running short of money to pay late or unexpected bills? Sometimes you need money immediately when you are planning a dream vacation or have emergency medical expenses. All these are the situations when you have no other option but to apply for cash advance money mutual!

Such conditions that lead us to a need for immediate monetary assistance are not faced every day. This is an emergency that can not wait until your next salary. Situation may differ and tend to become irregular, from time to time for most people.

How to overcome the problem successfully

And at that stage, the mental tension with an urgent need for money can be a problem. Read more…

Tags: cash advance