Better Thinking


Posted on December 28th, by jcsmith in Business, Displayed Articles, Tips. Comments Off on Better Thinking

Better Thinking

Let your customers tell you what quality is.

Make sure that efforts to improve quality are driven by customer needs. You don’t improve quality unless you improve a product in a way that customers welcome and appreciate. Before you undertake a quality improvement effort, always ask yourself whether your customers will see it as a benefit to them.

Improve collections with a well-designed invoice.

A few key tips:  Keep the invoice clean and simple and test it on someone who’s not familiar with the business. Make sure the form is titled with the word “invoice.” Use a special typeface for critical information such as the outstanding balance and the item purchased. Use action words such as “please pay” instead of “amount due.” The invoice should have an area where the customer’s purchase order number can be indicated. Including a self-addressed return envelope will often speed up payment.





From the Blog!

Increase your Accounting and Taxation IQ! Enjoy the articles below; check this section periodically for new information.

Sales Management Mistakes to Avoid

• Don’t  set  impossible  quotas. Many managers automatically in- crease individual sales quotas ev- ery year so that salespeople have to book more business...

Tax Tip – Worker Classification

The IRS is always on the lookout for misclassification of workers as independent contractors rather than employees. If the workers are independent contractors, the...

How to Cut Overhead Without Hurting Morale

When payroll cuts become necessary, many companies face a drop in employee morale that can seriously damage operations. Key employees frequently become less productive...

Tax Tip – Deductible driving costs

You can deduct actual mileage costs when you use your car for business purposes. as a general rule, you must keep a diary that...

Tax Tip – Inherited Property
Inherited Property

If you sell inherited property at a loss, you can deduct the loss on your tax return.

Example: Your parents leave you a house...

Better Thinking
Let your customers tell you what quality is.

Make sure that efforts to improve quality are driven by customer needs. You don’t improve quality unless...

Combined Payrolls Can Produce Tax Savings

It’s not unusual for closely-held corporations to operate through more than one division and for key employees to be on the payroll of both. If an employee’s combined...

Lower Education Expenses by Making Them Deductible

One of the biggest expenses most people will face during their lifetime is the cost of education, both for their children and for themselves. How­ever, with...

Four Ways to Lower Your Borrowing Costs

I t’s widely acknowledged that bank credit standards vary among banks and that, even with one bank, its credit policy will vary depending upon chang­ing...