Stop Using Lean to Cut Costs
A clear cut model, supported with real life case studies, to advise companies to start using lean to increase revenue and stop using lean to cut costs. - Andrea Jones, Andrea Jones Consulting
4 Ways to Make Sure Clients Are Not Being Scammed By Employees
It’s that time of year again. You are fully in the swing of tax season, counting the days until April 18, frustrated that your clients are not bringing in their financial documents. Have you considered that the delay may be the result of their inability to get financial information from their trusted bookkeeper?
Board of Directors - Core Concepts
A Guide To Understanding Concepts Of Corporate Governance
Managing Margin, Risk, Financial Transparency in the Ethanol Industry
When it comes to margin and risk management, ethanol producers have difficult and unique choices.
In most commodity processing industries, the output price is highly correlated to input price. For instance, in the energy sector there is a strong price relationship in the crack—the spread between crude oil and gasoline or diesel; in the metals sector there is a strong price relationship in the conversion—the spread between iron ore and steel; in the food sector there is a strong price relationship in the crush—the spread between soybeans and soymeal or oil.
Why Your Company Needs a Good Banking Relationship
How many times have you heard somebody say, “Banks only lend to companies who don’t need the money.”? I have heard that comment frequently over the past 10 years. Now, with the benefit of hindsight, I realize it was those companies who valued their banking relationships and were always prepared to talk to the bank who received the funding. The first step in building a solid bank relationship is to value what a bank can mean for you. Many executives still view a bank as a vendor, selling money, rather than a partner, providing ideas and solutions to improve their business. If you have chosen your banker wisely they will have the experience, tools and contacts that can be invaluable to a business that doesn’t have an unlimited budget for consulting expertise.
If you still don’t think your banking relationship is critical here are some more reasons executives should maintain a good working relationship with their bank.
