Please Rate This Article: Multiple Clients Create Your Independent Business
Would you rather have one good client paying you five thousand dollars per month or ten smaller clients paying you five hundred dollars each per month? Here are two good reasons for choosing multiple clients over just one client.1. Avoid Dependence on One ClientDon't put all your eggs in one basket. If you have only one major client and lose them, you have zero income overnight.Knowing that they are your sole (or main) source of income, some clients will make some unfair, unreasonable demands of you. They can get away with it because they know you are in a very poor bargaining position.You could also end up losing a good client for reasons beyond your (or even their) control. Bankruptcy, sale or bequest of the business to someone else, or a new manager who has made other arrangements are just a few ways you can lose such a client.You are much better off to have several clients. If you lose a client that represents ten percent of your income, you still have ninety percent of your income left.2. Clarify Your Self-Employed StatusSelf-employment status has certain tax advantages over being employed. Although there are other factors to consider in making this determination, the more clients you have, the less likely that you will be classified by the tax authorities as being an employee.For example, if you do all your work for one client at his office, a good case could be made that you are his employee. If you work for two different clients at their offices (or even your own), a case could be made that you have two different part-time jobs.On the other hand,

Please Rate This Article: Purchase Order Financing Basics
Let’s say that your business suddenly gets a big order from your best client. However, it is an order that is clearly too big for you. What would you do? If your business has a good banking relationship perhaps you may be able to tap into a line of credit or a bank loan. But what happens if your business is small or new and you have no banking relationship? Do you turn the customer away? Fortunately, you don’t have to. Purchase order (PO) financing may be able to help you secure the sale and deliver the order.What can purchase order funding do for you?Purchase order funding is a tool that allows you to finance your big orders. It provides the necessary funding to fulfill orders that otherwise you could not afford to deliver. When used correctly, it can enable you to grow your company quicklyAs opposed to bank financing, purchase order funding does not rely on your company’s financial strength. Rather, it relies on the financial strength of your customers. This means that if you sell products to large companies or to government entities, purchase order funding can be the ideal option to finance those sales.Who is a good candidate for purchase order financing?To qualify for purchase order financing, your company must sell products rather than services. An ideal candidate for this type of financing would be a product re-seller or distributor who is buying products from a supplier and then shipping the products to the client. Purchase order financing can also work in instances where products are sold in conjunction with services (e.g. maintenance), however, the product pa

Please Rate This Article: Bookkeeping Rates Can Help You Fix the Amount That You Have to Spend
It is that time of the year again when you have to pay your taxes and this must be giving you sleepless nights. So, now you must be hunting for an accounting firm that will do all the tiresome work for you and help you in paying your taxes in time. There are certain things that you must check out regarding the services provided by the firm that you hire to do your tax calculating and accounting works. Bookkeeping rates are very competitive and so you must be very careful while you choose a firm to do your accounting and bookkeeping work. No doubt this is a very important aspect of your tax payment process, so you need be very cautious about this.You must keep in mind the fact that most tax calculating and bookkeeping calculation firms outsource their work from a third party. This is because the workload becomes really heavy for these firms during the hectic tax paying season in the United States. If your accounting firm is outsourcing the work, this means that the bookkeeping rates are bound to be affordable and will be within the budget for everyone. In fact, there are several bookkeeping and tax calculating accounting firms that do the work at a lower rate and you can actually save money on this.Bookkeeping rates can vary depending on the firm from which you are hiring the services. So the best thing for you to do before you hire the services of any accounting firm is to check out the rates that are provided by different firms. Most of us have very busy and tight daily schedules, and finding out about the bookkeeping rates can be a time consuming and tiresome job for you. The internet is one good option that you can explore for finding o

Please Rate This Article: Monitor, Measure and Manage Your Arbitrary Customer Service Reps
I walked into Ikea for the third time in two days, not to shop but to return a non-matching wood ottoman frame that I had purchased.I thought I was lucky because I got the same clerk who had helped me the evening before.But this time, it was like her evil twin had taken over.“I can’t exchange this item because you opened the plastic enclosure with the screws in it,” she declared unsympathetically.I didn’t understand her logic, especially in light of the fact that Ikea had accepted fully constructed items in exchange for others.Was she just being prickly?Did the fact that she had a break coming up have anything to do with her snap-judgment?Could she have been telling herself, “I helped him once, and he should have STAYED helped?”Anyway, she said she’d speak to a supervisor and I heard mumbling behind the swinging door to their offstage area. Returning about three minutes later she announced without a trace of enthusiasm:“He said okay. It’ll take a few minutes to get the replacement.”The same day, I phoned my credit card issuer about reversing a late fee and finance charge. I thought I had mailed my payment on time.The CSR said, “We didn’t get it until 3 days after the due date.”“Well, I mailed it on time,” I responded.“But we didn’t get it,” she repeated.“Please get me a supervisor,” I said.“What’s a supervisor going to do for you?” she challenged.“Reverse the late fee and finance charge,” I replied, wondering why I had to explain the obvious.“Well I can handle that. All you have to do is ASK.”“Okay, can we waive the late fee and