Closing the Year | How to Successfully Manage Your Finance Team

Strategy Driven

If the month-end close is like game day for the finance and accounting department, closing out the fiscal year is the World Series. Anything you can do to become more efficient will reduce the workload on your finance team, and make the close less stressful.

Going Paperless With Your Finances: Why It Makes Sense

Strategy Driven

No matter how complicated your finances are, you need a way to keep track of invoices, payments, tax details, and all other relevant information. If you’ve ever relied on paper files for your business finances, you know that searching for a single page out of hundreds can take time.

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How to Simplify Your Business’s Finances

Strategy Driven

It might sometimes feel as if your business needs to choose between keeping its customers happy or enjoying healthier finances. A few new tactics and tools could provide the solution you have been looking for, so keep reading to find out how to simplify your business’s finances. Never confuse your personal and business finances again by opening a company bank account. Dedicate One Day a Month to Reviewing Your Finances.

Spruce Finance buys 53-MW residential rooftop portfolio from Clearway Energy

Solar Power World

Spruce Finance has bought Clearway Energy’s entire portfolio of residential solar assets. The deal is Spruce’s largest to date. The 53 MW of rooftop solar assets acquired from Clearway expands Spruce’s portfolio by 20% to more than 250 MW.

Five Mistakes Pastors Frequently Make With Finances

Ron Edmondson

I came into ministry after a long business career, so I’m sometimes considered unique in my involvement or interest in our church finances. I work closely with our Business Administrator and finance committee on the budget and administration of our church finances. Working with different churches over the years, I’ve seen lots of approaches by pastors in this area of finances. I quickly find someone on our finance committee or our Business Administrator.

Technology and Redistribution of Power (with Yanis Varoufakis)

Harvard Business

The outspoken former Greek Finance Minister joins Azeem Azhar to discuss tech, economics, and the future of democracy. Politics Technology and analytics Economics Audio

How Blockchain Is Changing Finance

Harvard Business

Money, equities, bonds, titles, deeds, contracts, and virtually all other kinds of assets can be moved and stored securely, privately, and from peer to peer, because trust is established not by powerful intermediaries like banks and governments, but by network consensus, cryptography, collaboration, and clever code. The unstoppable force of blockchain technology is barreling down on the infrastructure of modern finance.

How To Increase Trust With The Power of Intention

Tanveer Naseer

Getting real work done during a meeting, and asking powerful questions that move the organization forward, needs the support that comes from setting a clear intention. These include: that leaders are the keepers of information, knowledge is power, that when it comes to getting ahead in the workplace, you should only share whatever knowledge is relevant to advancing your own position within the ranks. Powerful intent statements are clear, true, and complete.

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The Power of an Enemy

In the CEO Afterlife

The companies that employed me were generally the underdogs in battles against bigger, better-financed organizations. I ’m an extremely competitive person. As a kid in sports, I played my heart out, hated my opponents and cried when I lost. Admonished by my mother and father for unsportsmanlike behavior, I eventually matured and forged a stiff upper lip in defeat. But behind the façade, the agony gnawed my gut – it still does.

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Powerful Question #1 | Thoughts for the Everyday Leader

Nathan Magnuson

Home / Powerful Questions / Powerful Question #1. Powerful Question #1. View the rest of the Powerful Questions series by clicking here. In Powerful Questions. A personal goal is to get our (family) finances in order. Powerful Question #2. Powerful Questions (2). ” - 575 views The Felix Baumgartner Guide to Living on the Edge - 574 views The Power of Believing the Best - 504 views.

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Grassroots Leadership through Social Power

Coaching Tip

The institutions of modern developed societies, whether governments or companies, are not prepared for this social power. And pragmatically, social power can help keep your company and community vital. . It's not about the top executive dictating what needs to be done and when, it's about providing individuals with the power to connect.". A Brewing Situation for Grassroots Leadership through Social Power.

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How Blockchain Applications Will Move Beyond Finance

Harvard Business

While trading and speculation were early use cases of bitcoin, new technologies, such as Ethereum and Zcash, have emerged, with Zcash providing a higher degree of privacy than bitcoin, and Ethereum offering a powerful development platform for smart contracts and decentralized applications, with the power to transform everything from predictive applications to job and energy markets to hedge funds and decentralized cloud services.

What Will It Take to Make Finance More Gender-Balanced?

Harvard Business

It is no wonder we came to fear our gender would keep us from achieving the same level of success as our male peers in finance. Because one of us (Malin) grew up in Sweden, considered to be one of the most gender-equal countries , with f amily-friendly policies that emphasize both parents’ responsibility of raising a family, we wondered whether gender equality in the finance industry in Sweden had progressed further than it had in the U.S. shutterjack/Getty Images.

Finance Can Be a Noble Profession (Yes, Really)

Harvard Business

When I ask students graduating from Harvard Business School what they’re doing next, I often get some version of “I’m going into finance but…” Then they quickly explain that finance is just a way station on the route to nobler goals. Recently, I asked a few students how people react to their choice to go into finance, and I was greeted with nervous laughter. The usual reactions to misbehavior in finance are outrage or regulation.

Small Business Cash Flow Management: Why It’s Important and How to Deal With Problems

Strategy Driven

Negotiating power – Being able to pay suppliers upfront can often lead to more favorable terms and discounts. Cash flow from financing. Managing Your Finances business management cash flow Entrepreneurship financial management managing your finances strategydriven

Leading Virtual Teams: 12 Powerful Ways to Lead a Team You Can’t See

RapidStart Leadership

As a friend of mine in the finance industry pointed out, successful teamwork under these conditions is all about finding creative ways to shrink the distance between you and the team. The post Leading Virtual Teams: 12 Powerful Ways to Lead a Team You Can’t See appeared first on. How do you lead a team that’s not there? It’s hard enough to be a good leader when your teammates are in the same room. But what about when they aren’t even in the same time zone?

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The Power of a Definite Aim

Strategy Driven

Beginning in 1908, at the urging of industrialist Andrew Carnegie, Hill began an intensive study of the traits that produce personal greatness in any field, from finance and science to art and politics. You just finished reading The Power of a Definite Aim ! The post The Power of a Definite Aim appeared first on StrategyDriven. Rediscovering the Core Lesson of a Motivational Classic.

Building a network worth having

CEO Insider

Surely career advancement or success in business comes down to credibility and authenticity, not simply the power of our professional network. We have heard it a hundred times or more, “it’s not what you know, but who you know” that matters, but how true is it?

Financial Tips For Businesses In 2021

Strategy Driven

As a business owner, it is always important to be intelligent with your finances in order to maximize your bottom line. Look Into Solar Power. Managing Your Finances Business Loans business management remote work strategydriven

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What Is A Net Working Capital And Why Is It Important?

Strategy Driven

Another problem you might run into is the lack of stable finances to continue producing goods for customers. Furthermore, you need to add the costs of financing and insuring the inventory in case of losses. Managing Your Finances business finances business management strategydriven

How To Make A Profit As A Small Business

Strategy Driven

Track Your Finances Regularly. Finance tracking is a startup essential that shouldn’t be overlooked. Do everything in your power to absolutely delight your customer. Managing Your Finances business management business plan business startup strategydriven

8 Steps to Building Your Business Credit

Strategy Driven

One of the biggest issues facing small and medium businesses is financing. And the ability to secure finance is often directly related to the business’s credit score. Make Sure That Your Finances are Separated.

Powerful Marketing Gems To Help You Build Your Brand

Strategy Driven

However, it is well worth finding the finances by reinvesting current profits or going to a provider like Swift Corporation for a loan or an advance that is easy to replay back in installments. You just finished reading Powerful Marketing Gems To Help You Build Your Brand ! The post Powerful Marketing Gems To Help You Build Your Brand appeared first on StrategyDriven. Good marketing can be the difference between a company that is just surviving and one that is flourishing.

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Energy Saving Tips | How to Reduce Bills

Strategy Driven

With the addition of things like solar panels and solar-powered water heaters, you can save money and reduce your dependence on fossil fuel-based energy. With the addition of a solar-powered water heater, you can get the consistent supply of hot water you need without relying on fossil fuels.

Lawrence Cunningham: Part 1 of an interview by Bob Morris

First Friday Book Synopsis

George Tucker III Research Professor at George Washington University Law School and Director of GW’s Center for Law, Economics and Finance (C-LEAF) in New York. Lawrence Cunningham is the Henry St. He is the author of numerous books including three editions of The Essays of Warren Buffett: Lessons for Corporate America (Third Edition, March 8, [.]. Bob''s blog entries "circle of competence principle": Stick to your knitting "Mr.

Avoiding Catastrophic Failures in Process Improvement

First Friday Book Synopsis

Here is an excerpt from an article written by Brad Power for the Harvard Business Review‘s “The Conversation&# series. To read the complete article, check out the wealth of free resources, and sign up for a subscription to HBR email alerts, please click here. * * * Do you have a process improvement [.].

4 Adjustments that Can Significantly Reduce Company Expenses

Strategy Driven

Most companies make a substantial amount of money, but the high costs of running the business use up most of the finances making the venture not profitable. It’s easier to maintain, doesn’t use as much power (uses 75% less than traditional lighting systems), and is echo friendly.

How Big Data Brings Marketing and Finance Together

Harvard Business Review

But the real power and full potential of data was not being fully realized by marketing. Rajamannar involved finance early. To spearhead analytic efforts, he assigned a finance person – who was already embedded in marketing – to create an ROI evaluation framework and integrated her deeper into the marketing function. At many companies we work with, analytics becomes the connective tissue between the different visions of what drives results emerging from marketing and finance.

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How To Offset Cost Increases Without Driving Customers Away

Strategy Driven

The shift in a more ethically aware customer culture is also a powerful new force to be reckoned with. Managing Your Finances business management Profit Optimization strategydrivenThe cost of doing business is increasing.

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8 Steps to Building Your Business Credit

Strategy Driven

One of the biggest issues facing small and medium businesses is financing. And the ability to secure finance is often directly related to the business’s credit score. However, there are some things any new small business owner can do to boost their credit and get access to more financing options. Make Sure That Your Finances are Separated. If your business happens to be incorporated, keeping finances separate will be easy.

How to Use Outsourcing to Boost Your Profits

Strategy Driven

If you think of outsourcing as something that only medium to large companies need to do, you’re missing out on a powerful way to boost your profits, because the benefits of outsourcing have no relation to the size of your business. Entrepreneurship Managing Your Finances business management managing your finances outsourcing strategydriven

Quotes And Leadership Lessons From Ant-Man And The Wasp

Joseph Lalonde

The Sokovia Accords didn’t allow superheroes to use their powers. Reel Leadership Abby Ryder Fortson Ant-Man Ant-Man And The Wasp boundaries budget Business Captain America emergencies Evangeline Lilly experience Family finances Hannah John-Kamen helping people leadership Michael Cerveris Michael Douglas Michael Pena Michelle Pfeiffer money movies Paul Rudd pride progress Randall Park relationships repercussions risk size skill technology Walton Goggins wonder work

Get That Business Budget Down

Strategy Driven

By outsourcing your IT management, you’re not only going to save your business money in the long run, but you’ll be doing it by saving some man power. Budget Management business finances business management managing your finances strategydrivenHaving a business budget is something that most businesses actually ignore. They know there’s a margin to stay close to, but there’s not really a definitive figure that they have to try and meet.

Fear of Loss of Group Membership is More Powerful Than Management

Mike Cardus

Example - Consulting a finance team from a mining company we had to figure out a way to get the budget reports to the finance team on-time so accurate profit and loss + budgets could be shared and allocated to operations. For years the team emailed and bugged people, sharing data on who was NOT getting the budget reports to finance. Fear of loss of group membership is more powerful than management. Photo Credit. Resistance to Change and Learning Anxiety.

A Quiet Revolution in Clean-Energy Finance

Harvard Business Review

Solyndra's example has been particularly stark: it raised over $1 billion in equity finance in addition to receiving a $535 million loan guarantee from the Department of Energy, all prior to a cancelled IPO and the recent FBI investigation upon its bankruptcy. This means that startups risk being held hostage to the greater negotiating power of incumbents, who can force down prices when the startup has fewer outside options relative to the sale.

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Two Powerful Ways Managers Can Curb Implicit Biases

Harvard Business

Based on our work at the Stanford Women’s Leadership Lab, helping organizations across many industries become more diverse and inclusive, our research shows there are two, small — but more powerful — ways managers can block bias: First, by closely examining and broadening their definitions of success, and second, by asking what each person adds to their teams, what we call their “additive contribution.” ” The Power of Additive Contribution.

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“Goodbye Mr. Jones”: The End of the Dow as an American Index

Mills Scofield

This is taken from The Intercollegiate Finance Journal (IFJ) is an undergraduate student-run journal about how current finance, economics, business and technology issues affect students'' lives. The Dow has long been considered the showcase of American corporate power and the loss of one of its 30 members to the British would have been a huge blow to America’s corporate hegemony. Is the concept of national corporations and financial indices outdated? Perhaps!

How to Finance the Scale-Up of Your Company

Harvard Business Review

Fortunately for Szaky, he had already laid the groundwork of financing from suppliers, equity investors and others to allow them to double sales in two months. Most entrepreneurial ventures, whether they are startups, spinoffs, or smaller companies which have been around for awhile, haven’t given enough thought or planning to financing for rapid scale-up. Use multiple sources of finance. This saved us hundreds of thousands of dollars in financing.

Why Even AI-Powered Factories Will Have Jobs for Humans

Harvard Business

If all went well, AI-powered robots would enable the company to achieve a weekly production of 5,000 Model 3 electric cars to keep up with burgeoning demand. In fact, as Tesla and other companies have discovered, AI technologies are having a profound impact throughout the enterprise, from sales and marketing, to R&D, to back-office functions like accounting and finance. Yagi Studio/Getty Images. It was going to be the factory of the future.

Can You Really Power an Organization with Love?

Harvard Business

For centuries, outside the business context, we have heard about the power and virtue of love. What is more, love doesn’t replace the functional elements of strategy, finance, sales, product development and HR. LoveOS supports the “apps” of strategy, finance, etc. We have seen this expressed by figures such as Martin Luther King, who said that “power without love is reckless and abusive, and love without power is sentimental and anaemic.”

The Future of Cities Depends on Innovative Financing

Harvard Business Review

The main challenge is that investors are very good at understanding a single asset with standalone cash flows — a toll road, for example, or a power plant, or an apartment building. But to tackle sprawl, multisector coordination is required: roads, rail, land-use, zoning, power, water, and sanitation must work together. The vibrant, sustainable cities of the future will be funded and delivered by creative financing arrangements that encourage collaboration.

Distinguish Yourself #217 – Harness the Power of Cues

Rajesh Setty

This photo shows part of the desk of a finance person at a BMW auto dealership. Once the cue does it’s job, it becomes easy for the finance person to sell you some insurance. Take something very basic – a bookmark. It provides a quick way to continue reading your favorite book from where you left off. It is very basic but provides great utility.

The 5 Easiest Ways to Build Business Credit

Women on Business

Not only does it make your personal finances vulnerable, but business credit is a much more powerful tool professionally than personal credit. Finance Guest PostsGuest Post By: Meredith Wood, Community Manager (Learn more about Meredith at the end of this post). Cash flow is the lifeblood of any small business, and as any small business owner knows, it’s one of the hardest parts of a business to manage.