What Are Business Ethics?

Business Ethics have only come to the fore recently. They state that there is more to business than just making a profit. The new focus is also on how the business treats the environment, reacts with the local community and works with its staff to build a responsible company that is both sustainable and adds value to the people that it interacts with.

“Greed is good” is no longer acceptable to most consumers. The consumer is now better educated with new means at his disposal. High speed internet access and forums like Ecademy now mean that good and bad news travels almost at the speed of thought. They are now demanding more from businesses even though their own ethics at times might be questionable!

Business ethics are More info now included in most business courses and the top management schools. The top graduates enter the corporate world ready to incorporate what they have learnt in the classroom.

Businesses need to have specific programmes in place to manage their staff and workplace in a responsible manner. They must give social click here welfare a high priority if they are to maintain their Read this public image. They have to be seen to be recycling their click here waste and disposing of old equipment in an environmentally friendly way.

Businesses now have to be Go here now wary of using sweat shop labour in the third world especially if they treat them badly. Everybody realises that third world country wages are lower but they expect Western companies to treat their employees with some respect and dignity. Businesses that employ children are now frowned upon even click here though child labour is the norm in these countries.

Many “watch dogs” now exist that “police” most large companies and report any blatant abuse of ethics. Most of these have only been set up in the last twenty years. Most large media organisations Resource also have special reporters whose sole purpose is to identify where breaches are taking place and publicise them.

The top brands in the world need to be extremely careful now. The value of a brand might have taken decades to build but can be destroyed in a matter of weeks. An example of this is when Gerald Ratner made a speech to the Institute of Directors and in humour referred Website here! to a cheap necklace that “everyone knows is crap”. These comments served to wipe out over a half a billion dollars of the companies value and played a major part in the Read downfall of a once thriving jewellery retailer in the United Kingdom.

There are now funds that specialise in only investing in ethical businesses. They refuse to invest in companies that produce weapons or manufacture cigarettes as an example. These funds have taken of spectacularly and have billions of dollars to invest in the stock markets. Before they invest in a business they send their fund managers in to investigate the business fully to see if they comply with their guidelines. If the company is not willing to answer all their questions fully then they might not get approved for investment.

When properly managed and executed the use of business ethics can actually serve to enhance the profitability of the company concerned. The business can proudly declare their values in brochures, newspapers, internet and television marketing campaigns. Reputation is the strongest asset that a company has and maintaining this and the value of their brands is essential to the long term future of the Visit the site business.

How To Properly Finance Trade Receivables In Canada

Focus on the benefits of a CONFIDENTIAL RECEIVABLE FINANCING solution – This is our recommended solution for all our clients, as it allows you to bill and collect your sales without the ‘ notification’ that is required by traditional factoring services

Improving collection procedures and invoicing clearly and properly

Considering advance/down payments in some form

Two critical points come to bear here:

Use your receivable credit facility to reduce overall financing costs – this includes taking prompt pay discounts with your own suppliers, as well as negotiating better prices with suppliers for goods you can pay for on delivery

Haven’t had someone fully or clearly explain how A/R Finance works? You’ve just received your clearance for a full explanation! –> Based on an up front financing security agreement being signed you can draw down typically up to 90% of the value of your total receivables that are under 90 days loans old . By the way the banks typically allow you to draw down only 75% of A/R, so one immediate observation is that you just click here managed to negotiate more liquidity / cash flow for your business,

The balance of 10% is in effect a ‘ holdback’ of sorts, and when your client pays you received insurance that 10% back immediately, less a financing cost that is in the 1.25 – 2% range. So click using a 10k invoice as an example your financing cost would be 125 .00 – 200.00 $. Naturally the costs are geared toward your client paying promptly in 30 days, which are very typical commercial trade receivable credit blog terms…

2. Only draw down on your ‘ factoring’ facility when you click need it

About the Author:

Stan Prokop – founder of 7 Park Avenue Financial


Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years – has completed in excess of 80 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing.


1. You can reduce financing costs by focusing harder than ever on your management of receivables – That includes:

While the ‘ street terminology ‘ refers to this method of financing as ‘ FACTORING ‘ there are in reality a number of subsets of this type of commercial finance . Choosing the right one is your key to success,

Invoice clients the day you deliver your product or service

Receivable credit solutions don’t always come from the bank. Any business selling on credit, large or small soon feels somewhat ‘ tied up ‘. Those goods and services you’ve delivered require payment and the ability to finance trade receivables is critical. Let’s dig in.

If a Canadian chartered bank or business credit union can’t supply the financing you need click is there an alternative? You knew there was, and it’s the financing of your A/R through an independent commercial finance company. The problem? Which of their multiple solutions works for you… is one better than the other, and can the costs of such financing be managed properly read or reduced?

Offering prompt pay discounts

Stan Prokop

If you’re focused on achieving the best method to finance trade receivables seek out and speak to a trusted, credible and experienced Canadian business financing advisor with a track record of success in Receivable click Credit solutions.

Ensure you have a facility that doesnt require you to finance all your A/R all the time – if that’s the case you’re dealing with the wrong firm

Key point any time your clients pay over 30 days increases financing costs, and that includes higher financing costs or simply the higher cost of carrying receivables that are unpaid – Example… The carrying cost on $10,000 paid in 66 days read at 14% interest rate would be: $10,000 x .014 / 365 x 66 = $253.00

Auto Parts Online Blog, Updating Information On Autos

So click here what’s new in the automobile world?

There are many resources for the latest and breaking news and information with regards to the automobile world. After all, there is a huge number of people who have been converted to automobile aficionados and fanatics. Some of them could not help but want to share the information with the rest of the globe. Try searching the World Wide Web and you would be able to encounter many websites and blogs that lean towards automobile news and other information regarding anything and everything concerning cars, vehicles, and autos.

The Auto Parts Online Blog could be considered to be just another blog in the cornucopia of auto blogs. However, what sets this blog apart is that every blog entry and article has been systematically researched, carefully thought over, as well as wistfully and creatively crafted. To add to the reading and viewing click here pleasure of guests of this auto blog, colorful, vivid and symbolic pictures had been added in. the pictures could be considered eye candy. This makes reading the Auto Parts Online click here Blog interesting and worth reading.

The Auto Parts Online Blog is a part of Auto Parts Online’s commitment to providing its wide customer base the latest breakthroughs and most updated information regarding automobiles, auto parts, and other things related to automobiles. Auto Parts Online is one of the leading suppliers of auto parts. This online store holds a huge array of car parts, auto parts, and accessories that have been carefully categorized for easy browsing. Interested parties may choose to search for parts either by vehicle brand, or by type of part. This online store has been in the business for more than twenty five years.

Through the Auto Parts Online Blog, Auto Parts Online is able payday loans to provide its customers and its patrons the breaking news, events, and breakthroughs in the automobile world. Just like in supplying auto parts, this auto blog contains quality information that does not compromise high standards.

At click here present, the latest news that you could find at the Auto Parts Online Blog includes a list of the best vehicles that one could see at the Chicago Auto Show, a look at the Honda Insight and Honda Civic GX which have been chosen by the American Council for Energy Efficient Economy (ACEEE) as the most environment-friendly vehicles for 2006, a quick walk-thru on mechatronics, a review of the 2007 Lincoln Navigator, and a comprehensive look at safety gadgets for vehicles among many others.

The Auto Parts Online Blog is updated regularly so it is worth visiting. The articles and blog entries are worthy to read and are presented in an easy to read cheap car insurance format. Automobile aficionados and cheap car insurance followers have click here constantly cheap car insurance been visiting this blog click here for more information. If there are any comments, reviews, reactions, raves, or rants, the Auto Parts Online Blog allows this through a link found at the start of each article. Any person could put in whatever is on their mind regarding each article. This auto blog serves and functions as an avenue for these automobile followers to come together and share information.

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