Get A Cash Flow Solution In Place For Working Capital Financing – Your 2011 New Year Resolution

What if… just what if you could eliminate your working capital financing issues via a cash flow solution that works as you head into 2011 and beyond? That surely is the wish of most, if not all Canadian business owners and financial managers.The reason you need that working capital is of course to pay of all your short term obligations in a timely manner. Typically those are accounts payable and items such as lease or loan payments, and of course we’re including payroll and salary obligations in there.As a business owner you need to be aware of whether your overall working capital position is stable, declining, or even increasing. There are some very simple measurements to assess overall situation. One of the most basic measures is simply to monitor sales growth against those current assets. Quick example – if your sales are growing by 20% per annum but you determine your receivables and inventory have grown to 35% of their former values, then, guess what, you have a working capital solution need. No surprise there, as most business managers intuitively know the strains that working capital needs place on a business.Unlocking. That’s the key to a cash flow solution. What do we mean by that? Simply that you have to do two things to unleash the cash flow that is invested in your business in the form or receivables and inventory. First, you have to improve turnover. That’s an internal thing, and we can’t help our clients on that one, you have to do it yourself. Collect receivables faster, be more diligent in extending credit terms, and control your inventory.Secondly, and here’s where are clients do ask for external help, is the need to ‘ monetize ‘ working capital accounts. How can that are done. The most common solution is bank financing via an operating line of credit for A/R and inventory that would address working capital financing needs.But most business in Canada today, certainly in the small and medium sized sectors can’t access all the bank financing they need. if at all.In business you achieve positing working capital financing via profits which fund growth, borrowing on a long term debt basis ( not our favorite!), or selling assets.. Again the latter not our favorite.What is our favorite then?! It is, as we said, monetizing current assets. You do this via a working capital facility that margins A/R and inventory properly. These facilities, when combined with the inventory component, makes sense for firms with monthly a/r and inventory balances in excess of 250k. When that amount is less than 250k a receivable financing strategy is required. Our favorite is confidential invoice financing or discounting, which we feel is the ultimate cash flow solution. It allows you to bill and collect your own receivables and turns your firm into a cash flow machines readily able to handle all manner of sales growth.Speak to a trusted, credible and experienced Canadian business financing advisor – he or she will help you pinpoint the working capital challenges and focus on a specific solution that makes sense for your firm. That’s a solid New Year resolution for your business that is achievable.

How to Choose the Right Online Photography School

A photography career requires more than a good eye and skills with a camera; good photographers must have drive, technical know-how, creativity, and business sense. Attending a photography school online could be a great way to develop these skills. But before you apply to that online photography college, here are some hints to help you get started and eventually reach your goals.Know Your Photography School GoalsWhat kind of photography do you want to practice? Are you interested in photojournalism, family portraiture, commercial photography, or special event photography? Knowing your career goals can help you narrow down programs and figure out the amount of time you can expect to spend in photography school. The Bureau of Labor Statistics states that photojournalists, industrial photographers, and scientific photographers typically need a bachelor’s degree in photography or in the field that interests them, whereas other types of photographers can take a few courses or gain knowledge through experience.Know YourselfContrary to romantic images of photographers easily snapping instantly-beautiful photographs with excellent balance and proportion, a successful photography career requires a variety of skills, many of which you’ll want to develop during your course of study:• Technical expertise
• A good eye
• Creativity
• Stamina
• Good business senseThe last skill may be particularly important; according to the Bureau of Labor Statistics, more than half of all photographers are self-employed, which means that good business skills are crucial for a photography career. So even if you’re interested in a branch of photography that requires less training, you may want to take online business classes just to keep your head above water financially.Know Your Online Photography SchoolsNot all online schools are equal! Infamous diploma mills often offer degrees that can be bought at a price, sometimes involving little to no work on the part of the student and, accordingly, little to no acquisition of knowledge. Don’t waste your time and money getting a degree from a diploma mill. Check out the website for the U.S. Department of Education Database of Accredited Postsecondary Institutions and Programs, where you can find out whether the online photography school in which you are interested is accredited.Know Your Financial AidAccording to a New York Times article, online degree programs typically cost about the same as traditional programs, with the added bonus of saving on commuting gas, housing, and food. But students can save hundreds or even thousands of dollars each year on tuition through available scholarships. There are scholarships based on your major, state, ethnicity, need, gender, career goals, or even your parents’ jobs. So how do you get them? First, you have to know what they are. suggests the scholarship search Web sites, Petersons, and Knowing where to look is the first step toward saving money on your online photography school.Once you’ve done the homework, you’ll be better equipped for studying successfully at photography schools online. The photography field is very competitive, so make the most of your studies at online photography schools.

Real Tips to Avoid Addictive Gambling

There are many types of addictions but one of the most destructive is gambling. Gambling addicts have resorted to thieving, lying and incurred massive financial and physical debts in order to feed their addiction. Most shocking of all, gambling is legal in most parts of the world.Many people say that it’s quite easy to become addicted to gambling, especially with the ease and anonymity that online Internet gaming sites now offer. These days, you don’t even need to trek to the local bookies to make your bet. You can do it all from the comfort of your home and at a time to suite you, 24hours a day.Current smartphones make it even easier to place and make bets because you don’t even need to be in front of a computer.To be fair, gambling is widespread. Many people gamble and have placed small bets on the Superbowl, the World Cup Finals, the World Series, the Grand National or the FA Cup. Indeed, lots of people all over the world play the lottery. This is the acceptable face of gambling. But there is a dark and destructive aspect to gambling that forms into a powerful addiction that can be completely devastating.So if gambling is legal and so widespread, why isn’t everyone addicted? Because most people know when to quit and go home! Gambling doesn’t have to be addictive. You need strong self-control and an instinct to know when to stop. You need to have much more important things to do and think about in your life.Nature abhors a vacuum. Gambling fills a need in the addicts life. It’s a substitute for something that’s missing in their daily existence. Compulsive gamblers have lost all rationality along the way and are convinced that ‘luck’ is with them. Logic and sanity have been thrown out of the window.You should know that gambling is an EXACT science! In the the end, the gambling addict always loses. It was designed that way. The ‘house’ eventually always wins to make profits for its owners and shareholders.Even if you gamble for fun and not for money, it may not be as harmless as you want to think! You must be on your guard at all times or it could be just a matter of time before you fall into an addiction. A single large win could be the one powerful trigger that pushes you over. You’ll start to believe that you’re ‘lucky’ or a ‘smart gambler’. This is the wrong mindset and will lead to trouble.If you get the urge to gamble, ask a close friend or a family member to play in a low-risk game that does not involve money. The bet could be take out the garbage or do the weekly shopping or walk the dog.Online gambling sites will try to lure you into becoming a member by offering you ‘free’ gambling or ‘just for fun’ demonstrations where you bet with ‘play money’ rather than real cash. DON’T be seduced into this madness! If you have strong impulses to gamble, this ‘play mode’ could eventually develop into a real addiction that involves real money.If you fear that you have an addiction you must seek out professional help in combating it. Search out share groups in your community who are there to help you with your addiction. Gambling is an addiction that is curable and many former gamblers have gone on to lead normal and fulfilling lives.As with everything in life, it comes down to choice. You are where you are in life because of the choices that you made along the way. Each choice that you made led you along a certain path that has resulted in the position you find yourself in today.No one can force you to gamble. Gambling is your choice. You don’t have to gamble to have a good time. You can choose NOT to gamble. Remember, prevention is better than cure.