Monthly Archives: December 2020

What Effect does a PR Crisis Have on Your Business?

While a PR crisis’s effect may seem intangible at first, it will definitely affect your business in the long run. Customers and clients want to interact with businesses they trust dewidomino. If your company is caught in a PR storm, it puts that trust in jeopardy. While at first the issue may seem simple or small, if the PR crisis isn’t handled properly, it can grow into a major issue.

Facebook is a perfect example. The Cambridge Analytica PR crisis changed the way Americans viewed Facebook. For instance, while over half of America’s teens are using Facebook, it no longer dominates the teen social media landscape. While other technologies and platforms can account for this change, Facebook’s data privacy issues play a major role in the company’s future relationship with new and existing customers.

Key takeaway: PR crises can have a material impact on your ability to do business. Limiting the fallout related to a PR crisis is essential to surviving and rebuilding brand reputation. When a PR crisis occurs, devise a strategy and adhere to it. Address the problem sincerely and own responsibility. Implement actionable solutions and continue to learn from the incident. A PR crisis threatens your brand reputation and can happen to any company. Sincerity and genuine concern is the best way to respond.

 

How Can Small Businesses Prepare to Get Loans?

Applying for financing entails much more than just filling out an application. To increase your chances of getting financing, small business owners should do their homework and have a strategy Situs Nonton Movie Sub Indo.

Here are five tips to help you prepare your business for financing success:

Know how much you need to borrow upfront. When you apply for business loan alternatives, you’ll likely find that many different loan amounts are available. Don’t commit to borrowing more than what you need – sometimes, you’ll receive penalties for early repayment or for not using your whole loan.

Write a business plan with financial projections. While not all alternative financing providers will demand to see your business plan, enough funding sources have this stipulation that you should prepare your plan now.

Do market research and know the conditions of your industry. Lenders may be more likely to approve borrowers in growing industries. As such, if you can prove that your company’s sector or market primes your business to expand and succeed, present your argument firmly somewhere in your application.

Know your credit score. Often, a credit score below a certain number is an immediate disqualifier for loan applications – even if your company is primed for rapid growth and you’re working on repaying your loans.

Meet with a small business expert and attend training provided through the SBA. As with any important small business decision, you shouldn’t go this one alone. Consult experts and seek training on how to apply successfully for the funding your company needs to thrive.

Which Is The Best Inventory Valuation Method?

Inventories are the largest current asset of any judi online business. Inventory valuation is a process through which companies or businesses offer monetary value for their inventories and generate accurate financial statements. It is important to measure inventories for matching expenses and revenue figures and take good business decisions for a long-term.

Ideally, there are two ways of doing so: LIFO (Last-in, first-out) and FIFO (First-in, first-out). Businesses are often confused about FIFO Vs LIFO. In this article, we’ve explained each inventory valuation method in detail with examples.

What is LIFO?

The LIFO (Last-in, first-out) process is mainly used to place an accounting value on inventories. It is based on the theory that the last inventory item purchased is the first one to be sold.  LIFO method is like any store where the clerks stock the last item from front and customers purchase items from front itself. This means that inventory located at the back is never bought and therefore remains in the store. Presently, LIFO is hardly practiced by businesses since inventories are rarely sold, therefore they become old and gradually lose their value. This brings significant loss to company’s business.

The only reason for using LIFO is when companies assume that inventory cost will increase over time, which means prices will inflate. While implementing LIFO system, cost of recently obtained inventories goes higher, as compared to inventories, purchased earlier. As a result, the ending inventory balance is valued at previous costs whereas the most recent costs appear in the cost of goods sold. By moving high-cost inventories to cost of goods sold, businesses can lower their reported profit levels and defer income tax recognition. Therefore, income tax deferral is the most common answer for using LIFO while evaluating current assets. Due to this, it is strictly banned according to standards of financial reporting; however prevalent across US.

Advantages Of Using LIFO Method :

  • During inflation environment, cost of goods is higher whereas remaining inventory balance in lower. Through LIFO, the main advantage lies in reporting lower profits, which in turn, allows businesses to pay less tax.
  • It is more apt for matching cost and revenue figures and allows complete recovery of material cost.
  • LIFO is simple to understand, easy to operate.

SUSE purchase of Rancher releases new powers of innovation

Open-source enterprise software giant SUSE’s purchase of Kubernetes management startup Rancher Labs opens up new situs slot online.

The acquisition puts SUSE in a better position to take on rival IBM’s Red Hat in the fast-growing Kubernetes market, and will likely help SUSE on its way towards its goal of doubling its revenue by 2023.

Originating in Germany, SUSE is the maker of one of the industry’s most widely used enterprise distributions of Linux. The SUSE Linux distribution runs in enterprise public cloud deployments, in private data centres and on edge systems. In addition, SUSE also sells products higher up the stack, such as container management tooling.

“Our customers have made it clear they want powerful technology that is both leading-edge and reliable to accelerate business transformation,” SUSE CEO Melissa Di Donato said in a statement.

“We have historically delivered innovative solutions that anticipate what enterprises need, and today with Rancher, we are set to make history again. With our powerful and modular approach to open-source software, our customers can count on reliability and unmatched agility to innovate everywhere – from the data centre, to the cloud, to the edge and beyond.”

Rancher Labs has created a platform that makes it easier for companies to set up and manage large Kubernetes environments. Kubernetes is open-source software used to manage large numbers of containers, which host the components of modern software applications. Rancher makes its money by providing professional services and support to enterprises and claims that its platform is used by more than 30,000 engineering teams worldwide to power their Kubernetes container deployments, reported Silicon Angle.