Too Much Information or Not Enough?

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When individuals are using the internet to find answers or information, they usually have very specific expectations about what they will find. The use of search engines such as Google encourages some to think that the answer is just a click away, but a more realistic perspective is that an internet search is just the beginning of a long and demanding journey.

At the other end of the spectrum, the authors of internet information are constantly waging an internal battle about how much information is needed to successfully accomplish their writing goal. On the one hand, it is always prudent to be concise in any form of communication. With this line of thinking, it is easy to fall into a potential word trap of using as few words as possible. Unfortunately this approach can make it more difficult for search engine users to find the hypothetical short answer because “short” is not necessarily a good thing in terms of new content or blog posts on the internet.

On the proverbial other hand, writers can periodically be concerned that there might such a thing as “too much information” because of potential boredom or a short attention span. The practical writing solution is to focus on providing helpful and relevant information and let the length of the explanation evolve naturally.

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social media sites

Love or Hate Social Media?

social media sites

Businesses and individuals everywhere are adding social media to their growing list of companies and activities which qualify for confusion and uncertainty as to whether we should love them or hate them. Banks were a previous leading candidate for this informal ongoing assessment that there will probably always be services that most of wish we could live without but cannot in the current environment. While banking institutions have not really been displaced in this regard, they do now have some regular company.

Business communications is always full of challenges like this. In the case of social media sites, practical communication strategies are needed if for no other reason than the growing unpopularity of some “popular” choices.

Transitions from Military Service to Small Business Careers

Military Career Transitions

Military Career Transitions

Career transitions are a common activity for many individuals. However this usually translates to changing jobs from one employer to another rather than moving from one sector to a totally new one. The transition from military service to a new career is a clear example of significant change which usually requires some help from several sources to make it effective. Stephen Bush is a Navy veteran (and the CEO of AEX Commercial Financing Group) who is actively providing career mentoring and training for military personnel needing some specialized help to make their career transition successful. If you or someone you know needs some guidance, please contact Steve to discuss how he might be able to assist.

Career Training Solutions

career training

Career Training Help

Searching for employment and career help is unfortunately a popular activity when business and economic circumstances continue to be uncertain. Effective career training solutions can be part of a successful search. There are several key attributes to look for, and here are two of them:

  • Cost Effectiveness
  • Flexibility

Because of several serious challenges impacting employment and traditional careers, the importance of focusing on effective career training programs is likely to continue for an extended period.

Business Training Help

Cost Effective Business Training

Cost Effective Business Training

The need for small business training help often goes unanswered because of potential costs or a misunderstanding of the business training goals. Once this confusion is eliminated, business training help can contribute to increased effectiveness in eight key areas (including business communication). As for costs, one of the key goals to be addressed is cost-effectiveness. This particular training goal requires particular attention.

How Can Businesses Improve Public Relations With Their Bank?

Which Way to Better Public Relations With Your Banker?

Which Way to Better Public Relations With Your Banker?

The state of business communications between small businesses and their banking institutions is effectively on life support. This is clearly not a good condition to be in, and most small business owners would change this situation in a heartbeat if they could. One potential solution to this dilemma is for each small business owner to engage in a variation of a public relations campaign in an effort to improve business communications with their bankers and banks.

This will generally involve two activities that many companies are somewhat lacking in:

  • Business Writing
  • Business Negotiating

Even in situations where there are significant negotiating and writing skills present, the use of a business public relations expert should be evaluated. After all, this is an important part in maintaining or restoring the financial health of a company!

Replacing Business Financing from Banks

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Many of us have service agreements to repair and replace air conditioners, furnaces and cars if they are not working. What are small businesses supposed to do if their commercial financing from a bank no longer works?

There are some effective small business finance alternatives to commercial bank loans. While success will be different for each business, there are several business financing choices available to consider as effective replacements for working capital financing and commercial loans previously obtained from banks which are no longer providing business finance services to small businesses. Three of them are briefly described below.

Small business owners are likely to hear reports from multiple sources about the increasing difficulty in obtaining business loans from banks. As a result, a prudent alternative is for commercial borrowers to explore whether there are effective commercial finance options to replace bank financing.

One of the chief ongoing criticisms reported by many small business owners is the failure of most banks to satisfactorily meet their routine daily commercial loan needs. Even if there has been a long and prosperous working relationship with a bank, very few small businesses have the financial means to overlook the current business loan shortfall exhibited by most banks. One common (but incorrect) response is that nothing can be done to replace the traditional source of commercial financing although it does seem that the reality of less bank financing is acknowledged by many commercial borrowers. For most small businesses needing to explore immediate ways for replacing bank business loans, the three examples provided below are illustrations of practical small business finance strategies readily available to them.

  • Working capital loans
  • Accounts receivable financing
  • Credit card receivables factoring

Among the most useful options to replace business bank financing are working capital loans from non-bank sources that do not require commercial property or other assets as collateral. This kind of business financing might be needed to replace a line of credit which is being reduced or eliminated by a traditional bank. Perhaps a business borrower needs new business funding to buy supplies or inventory. A reliable source of working capital is a key ingredient for continued success for even the most successful business. Traditional banks might need to be replaced by more effective commercial lending sources because as noted both here and in media reports, banks are rarely doing an adequate job of filling this critical role.

Accounts receivable financing is another practical business finance choice to replace bank financing. To bridge a cash flow gap between sales and payment from customers, this form of receivables factoring can be helpful. While this is by no means a new form of business financing, the major use has typically been by large corporations. Commercial borrowers are rapidly learning to adopt this effective financial strategy due to banks exiting their previous active role of providing small business loans.

A commercial funding approach generally referred to as credit card receivables factoring or business cash advance will also be a useful alternative for businesses which regularly accept credit cards from their customers. By allocating a portion of future credit card processing toward repayment, it is a way for businesses to receive cash now and gradually repay the amount provided.

None of the working capital financing options just noted are totally free of potential complications or problems. At the same time, it should be noted that the sudden lack of reliable bank financing for small business owners is itself a major complication and problem requiring a timely solution. As with any business service, the advantages and disadvantages need to be thoroughly reviewed before finalizing any new arrangement for business financing.