business processes
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Can a Business Be Profitable if it’s Ethical?
In business I hear many stories. The ones that mainly catch my attention are those of businesses not taking, let’s say, full responsibility or following contracts as they should. Examples could go between employers not paying full salaries, suppliers not completing a job or delaying reparations, companies offering vouchers if you refer them to a…
accounting, asset, bad debt, Business Adivce, cash flow, cost control, customer service, entrepeneur, expenses, financial literacy, freelancer, goals, investments, Profit and Loss, quality management, return on investment, risk and returnaccounting, budget, business, business advice, business processes, classification, compound interest, cost control, cost reduction, debt, dividends, expenditure, expenses, finance, financial knowledge, financial literacy, gearing, interests, investment, knowledge, loan, management, management consultancy, margin of safety, operations, profit or loss, stock, value -
Pay Right and in Time, but Don’t Pay Twice
Imagine that you run a department like Accounts Payable. You hire more or less the right number of people. They focus on processing invoices. You pay suppliers more or less in time. From time to time minor issues occur, but your suppliers are happy in general. Time later, the company, like any other business, goes…
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Who does what? Why businesses need well-defined processes
You’re driving in a city. There are traffic lights, signs or all sorts. You know you have to stop when lights are red, continue when they are green. You know that if a standing sign is missing, you’ll have to look at the paintings on the ground. In contrast, if two signals contradict each other,…
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