Make clients pay their debt

Posted on April 27, 2009 by admin

5 tips to make sure your clients will pay on time

1/ Accept as many payment methods as possible:
Paypal, Credit cards (even American express…) to make sure they will pay and you will reduce your issues clients

2/ Have clear terms
Your clients need to know that you are not negligent on payment terms. Otherwise, they won’t have trouble to be late on payments especially in this environment

3/ Be persistent
If your clients are not paying, you want to follow up with them ASAP. The next day after they are supposed, send a nice reminder to tell them they have to pay!

4/ Be firm and flexible
If clients are still not paying, you want to be firm on your terms but at the same time you want to offer your clients to repay their debt according to different terms if necessary

5/ A good debt collector could be useful!
If nothing is happening, then use tougher methods and go to the next step: ask for a debt collector to get the money! These guys are profesionnals!

Good luck with that…

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30 greatest innovations

Posted on March 23, 2009 by admin

PBS’ Nightly Business Report teamed up with Knowledge@Wharton, the online research and business analysis journal of the Wharton School of the University of Pennsylvania, to find the 30 greatest innovations in the world. Internet is the king!

The complete results:

30. Anti retroviral treatment for AIDS Health Care
29. SRAM flash memory Electronics
28. Stents Health
27. ATMs Finance
26. Bar codes and scanners Retail
25. Bio fuels Biotechnology
24. Genetically modified plants Biotechnology
23. RFID and applications (e.g.EZpass) Electronics
22. Digital photography/videography Electronic
21. Graphic user interface (GUI) Computer Science
20. Social networking via internet Media
19. Large scale wind turbines Energy
18. Photovoltaic Solar Energy Energy
17. Microfinance Finance
16. Media file compression (e.g., jpeg, mpeg, mp3) Computer Science
15. Online shopping/ecommerce/auctions (e.g., eBay) Information Technology
14. GPS Systems Electronics
13. Liquid Crystal Displays Electronics
12. Light emitting diodes (first real devices in
1960s; in products in mid-70s) Electronics
11. Open source software and services (e.g., Linux, Wikipedia) Media
10. Non-invasive laser/robotic surgery (laparoscopy) Health Care
9. Office software (Spreadsheets, word processors) Computer Science
8. Fiber optics Telecommunications
7. Microprocessors Computer Science
6. Magnetic resonance imaging(MRI) Biotechnology
5. DNA testing and sequencing/Human genome mapping Biotechnology
4. E mail Computer Science
3. Mobile phones Telecommunications
2. PC/laptop computers Computer Science
1. Internet/broadband/WWW (browser andHTML) Telecommunications

Source: http://www.pbs.org/nbr/site/features/special/top-30-innovations_home/

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GoDaddy Banned commercial

Posted on March 21, 2009 by admin

Very funny…

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5 tips to save money during holiday shopping

Posted on November 30, 2008 by admin

Even during holiday shopping, there is always a way to save money. Here are 5 useful tips:

1/ Go online to check products and save money

You can use different bots to find out the product that you are looking for : BizRate, DealTime, Google Product Search and Shopping.com.

Don’t forget to look for coupon codes. You might be able to save $50 extra!

2/ Find the right gift for the right person

Before buying gifts for your friends and family, think ahead. What type of gift are they looking for? Do they really want this expensive gift or just a cheaper gift but they may prefer it because it looks more personal? Don’t forget to prepare a gift list, it might be useful at the end.

3/ Avoid Expensive Shipping

If you plan ahead, you don’t need to get your gifts using piority shipping. This type of shipping is very expensive and you don’t need it if you planned it in advance.

4/ Extended Warranty = Useless

Extended Warranty is just a way to make you pay more money. They are useless. Don’t spend money on this.

5/ Rebates are useful

Never forget to apply for rebates. It’s a great way to save money even if it is painful to spend some time sending back your ticket and fill some form. Time is money!

Enjoy Holiday Shopping!

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Warrenn Buffett and Rose Blumkin

Posted on October 31, 2008 by admin

Warren Buffett is convinced that a good management team is key in a good business. He does not like firing people  and getting new managers on board.

Rose Blumkin and the Nebraska Furniture Mart is one of the best success stories with Warrenn Buffet.

Rose Blumkin was born in Russia in 1893 and started to work early in her mother’s store.

She had one motto to succeed : « Sell cheap and tell the truth »

Warrenn Buffet, came to visit her store several times and convinced her to buy her out after several attempts. It has been a long process for him to succeed. He finally bought the store for 60 million dollars. She named the price and Warrenn Buffett accepter right away.

In 1984, in his Letter to Shareholders, Warren Buffett explained some of his own investment principles:

‘I have been asked by a number of people what secrets the Blumkins bring to their business. These are not very esoteric. All members of the family:

1. Apply themselves with an enthusiasm that would make Ben Franklin and Horatio Alger look like dropouts;

2. Define with extraordinary realism their area of special competence and act decisively on all matters within it;

3. Ignore even the most enticing propositions falling outside of that area of special competence; and

4. Unfailingly behave in a high grade manner with everyone they deal with. (Mrs B boils it down to “sell cheap and tell the truth”.

Rose Blumkin died in 1998, aged 104. She became a legend for many general managers and entrepreneurs.

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Become a millionaire

Posted on October 27, 2008 by admin

Here are a few thoughts on how to become a millionaire and retire after that…

1/ Save more time after time

As you get older in your career, you make more money. You may also get married and become a two-income family. That’s why you should never forget to save money on the way. Save as much as you can to become millionaire at the end.

2/ Monitor your asset allocation

Get a sense of your assets and liabilities. It will be easier then to track the evolution of these items and adjust your strategy accordingly.

3/ Watch your spendings and become greedy

You can save money on every spending. Don’t make the mistake to live on credit cards and spend more money than you earn.

4/ Prepare for tough years

This remark is more actual than ever. We need to prepare for tough months in the near future. Never forget to get prepared for troubles on the way to become millionaire. Diversify your portfolio and be prepared to lose all your money sometimes.

5/ Invest in equities

Even if it sounds more risky (especially these days…), equities tend to give better returns than any other type of asset in the long run…

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10 tips to save money

Posted on October 16, 2008 by admin

1. Be careful with Starbucks. Basicallym you spend for a tall cappuccino and pastry $6.00 a day and $2,160 a year. That’s too much!

2. Get knowledge about finance. Read the right books to know how to deal with financial issues: credit card, debt, interest expenses…

3. Everything has a price. Sell old stuff that you have in your closet: clothes, shoes, accessories,… At the end of the day, it could be a lot of money!

4. Carpool. It’s better for the environment and it’s better for your pocket!

5. Be careful with credit. Even if you have a lot of credit cards with high limits, it’s gonna cost you a lot of interest expenses at the end of the month!

6. Public Transportation. It is way more cheaper to use public transportation than to buy your own gas. And it’s better for the environment!

7. Forget Netflix. You can find a lot of movies on tv without paying for Netflix. You save $120/year!

8. 14. How Green is Your Garden? – Start a garden with tomatoes, onions, and fresh herbs. Even if you don’t have a yard, you can still grow these items on a balcony or window sill.

9. Use Secured Credit Card. The money you use is the money you have. It’s a good philosophy!

10. Save For the bad times. You may have to face some bad times. Then, put some money aside as it could be useful!

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Save Money – Clear your debts for your credit card

Posted on April 2, 2008 by admin

To save money, you need to obtain low-cost loan for your debts. That is why you have to transfer your credit card debts to low cost debts. It’s better to pay a 6% interest (low cost loan) on your credit card debts than a classic credit card debt (APR 17%)…

You can save a lot of money with that tip!

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Save Money on Health Insurance

Posted on March 13, 2008 by admin

1/ Save Money thanks to your employer

If your employer pays for your health insurance premium through a group plan then you should enroll the plan. Unfortunately, employers are not that generous. Then, you should consider individual health plan and compare them to pick up the best one.

2/ Review your coverage

Rates change frequently. That is why you need to check your rates and coverages regularly. If your plan is not competitive, change!

3/ Compare quotes

Never accept the first plan you get! Ask a broker on the internet to get the best deal for your! In an hour, you can get several offers.

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15 most dangerous sports

Posted on March 11, 2008 by admin

According to data from the U.S. Consumer Produce Safety Commission on injuries treated in emergency rooms.Top 15 dangerous sports in the U.S.:

  1. Basketball: 512,213
  2. Bicycling: 485,669
  3. Football: 418,260
  4. Soccer: 174,686
  5. Baseball: 155,898
  6. Skateboards: 112,544
  7. Trampolines: 108,029
  8. Softball: 106,884
  9. Swimming/Diving: 82,354
  10. Horseback riding: 73,576
  11. Weightlifting: 65,716
  12. Volleyball: 52,091
  13. Golf: 47,360
  14. Roller skating: 35,003
  15. Wrestling: 33,734
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