December 4, 2020

Adiantku

Balanced scorecard banking is quite different from the other scorecards that companies use to measure how they are performing in terms of CTQs or Critical to Quality standards. The important of financial management competence to achieving entrepreneurship and business success cannot be over stressed. We have seen many at times when financially buoyant “start-ups” crumble down to pieces after successful take off because of financial management incompetence of the management, caused by tied up funds as they watch helplessly as the business dive into ocean of failure due to lack of reserve funds to successfully execute contracts or perform business operation. Another thriving and profitable finance services business that an entrepreneur can start is investing in penny stock. Penny Stocks are the stocks that are sold for less than a dollar in the stock market. It is sold at a cheap rate so as to facilitate quick selling and buying … Read the rest

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The major retailers wanted sparse crowds on Black Friday in this COVID-19 era. They certainly got them.

On Friday morning, only a few dozen people were lined up outside the Macy’s flagship in Manhattan before it opened, compared to 15,000 or so in recent years. A nearby Aéropostale and Victoria’s Secret were devoid of any customers at all at 7 a.m. And at the sprawling Newport Centre in Jersey City, N.J., across the Hudson River, it was a ghost town: not a single customer inside its Sears store, and only a smattering of shoppers at its J.C. Penney or Kohl’s.

Even at the nearby Target, Best Buy and Home Depot, which were busy in comparison, the crowds were modest compared to previous years. Best Buy, … Read the rest

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During these times of the credit crunch, you are unlikely to find a business credit card with no limit! Insurers are strongly opposed to a government-sponsored plan, saying it would drive them out of business. Democrats say a public plan would help everybody by injecting competition into a health care market that in many areas is dominated by a handful of major insurers. As people continue to cut back on their spending, businesses also slow production of their products and services and begin to layoff workers to cut costs while trying to maintain profits. Since the economic future looks grim, the stock prices of major corporations fall because investors are no longer confident that businesses will be able to increase profits by selling more products. As investors lose confidence, they begin selling their stocks in order to avoid potential losses. Many investors immediately began selling their stocks late last year … Read the rest

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It is an interesting stat to note that only 25% of new businesses are able to survive more than fifteen years. In a world where our lives are greatly influenced by opinion leaders and influencers, we see that content to motivate people to start a business is rolled out quite frequently. It is a hot topic and has become more relevant to us where we have seen millions of losses of jobs and closure of businesses.

It is quite crucial that long term sustainable strategies are applied. You need to have a stronghold of your affairs before you jump onto anything. You need to try to hit the right spots with consistency before claiming that you failed in your efforts. In this article, we are briefly going to cover strategies that would help you to ensure the long-term success of your startup business. 

Learn and stay updated with business insights.

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Rakuten Viber is introducing new features such as Chatbot Payments, through a partnership with Google Pay and Apple Pay, as part of its tenth anniversary. The service allows users to purchase products and services, and to accept payments directly through the app, marking Viber’s move towards fintech. 

In the Philippines, this feature will be rolled out soon through partnerships with telcos like Globe. Filipino users will be able to check out and order from small food businesses through the soon-to-be-launched FoodPH bot. Users will also be able to pay for their orders via in-chat payments. 

“Small businesses that don’t have money and knowledge to create a mobile app can go to Viber and create chatbots to serve their customers,” said Anna Znamenskaya, the platform’s chief growth officer. 

Sending money through Viber is as simple as sending messages, said Viber Chief Executive Officer Djamel Agaoua. “We want to democratize and Read the rest

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Everyone agrees we need economic growth, but we cannot agree on how it can be achieved. There are two fundamental approaches the government can take.

The first is through more public spending, which would put the country into even more debt. In the short term, while interest rates are low, the problems of this are not so severe, but the long term impacts are a different story.

The other option is to stimulate the private sector with lower taxes and eliminate red tape.  However, deregulation takes time to implement whereas the positive effects of reducing business taxes are immediate. The best and most immediate action the government could take to put a proverbial rocket up our economy is to scrap corporation tax in its entirety.

Lance Forman, Vice Chairman of the Independent Business Network (IBN) sets out 10 reasons why the Government should scrap corporation tax:

Employment

If a company … Read the rest

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Though he may never publicly admit it, Donald Trump effectively conceded the 2020 presidential election on Monday, when his federal government’s General Services Administration finally signed off on the transition to President-elect Joe Biden’s incoming regime.

With a constitutional crisis, for now, averted, there is much speculation on what the future will hold for Trump. Whatever follows his remarkable, unprecedented four-year term in the White House, it’s hard to envisage him settling into a quiet post-presidency—perhaps one spent designing his presidential library and keeping quiet on his successor’s job performance.

What’s clear is that he leaves Washington much as he arrived: a divisive, polarizing figure who, despite losing a national election by millions of votes, retains a fiercely devoted following among segments of the American electorate. A new Read the rest

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This is such a precious day that just by the thought of it, it calms our nerves and fills our heart with gratitude for all the good in life. Grateful heart gives no resistance to the natural flow of grace and wonderful blessings. Gratitude is heaven in itself. Thanksgiving is a day to truly feel grateful for all the precious things and people that we all are blessed with. Gratitude is such a divine virtue that no other divine virtue could exist without it.

History of Thanksgiving dates back to 1621, when the pilgrims’ first corn harvest proved victorious. During that time with spirit of gratitude, the governor organized a celebratory feast. Every year, Thanksgiving Day is celebrated on the last Thursday of November from 1863 when the prevailing president declared it. This year’s Thanksgiving Day is on November 26.

This annual holiday of Thanksgiving gives us an opportunity to Read the rest

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The Philippine peso, which lagged its peers in Asia this quarter, may get a boost in December with millions of Filipinos abroad set to send record amounts of money home to help families suffering from the pandemic and the recent typhoons.

December is a seasonally strong month for the peso, with the currency gaining in the period in five of the past six years. It is also the month when remittances, which totaled more than $30 billion in 2019, reached their highest levels for the year since 2009.

“With increased unemployment as a result of the pandemic and the impact of the typhoons, we expect extra remittances in order to support families at home,” said Wouter van Eijkelenburg, an economist at Rabobank in the Netherlands. “This would support the strength of the peso.”

The peso will edge higher to 48.08 per dollar over the next three months, according to Read the rest

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More than 95,000 newly incorporated business could join the quarter of a million firms that failed to meet recent Companies House accounts deadlines this year, following a record boom in new business registrations.

According to official government figures there were 397,135 new incorporations in Q2 and Q3 2020 combined, with HMRC reporting that one in four businesses required to file a month-to-date VAT return failed to do so on time, as well as more than a quarter of a million companies missing the September accounts deadline.

The proportion of business that fail to meet the important filing deadlines may also increase due to the added pressures of Covid, despite deadline extensions, as business owners and directors deal with the pressures of running a business during the pandemic.

Simon Wallwork, Partner & Head of Corporate and Commercial at Slater Heelis, said: “The pandemic and resulting rise in redundancies have accelerated … Read the rest

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