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Tip of the Day

Tip of the Day Pay Your Bills On Time

Pay Your Bills On Time - We all get behind on our bills every once in a while, but when it becomes a constant practice it starts to cost us...

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Sample Business Proposal For A Small Bar

Q:I am looking to see how to generate a new business proposal would love to have a sample to look at.

A:Depends who you are proposing to. Banks, venture capitalists, investers, partners, government offshoots all look for different things. I once gave a bank manager a costed, timed marketing plan for a project and got back a "not in the format we require" letter. Sent back the figures on a cashflow form, he was like a child in a sand pit, though the cashflow was a lot less informative than the cashflow forecast. Try not to fall into the: "no need to worry about funds to pay Paul as Peter will pay in time to cover Paul's bill" trap. The banks encourage this tightrope thinking and I believe are responsible for a lot of problems.

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Definition of the Day Outstanding

Outstanding – the word outstanding in the investment and financial industry means   2 different things.  When talking about outstanding debt, it means the amount of debt not yet paid.  When the word outstanding is used when talking about securities, the word means the amount of funds that is in...

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