Podcasts about Purchase order

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Purchase order

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Best podcasts about Purchase order

Latest podcast episodes about Purchase order

APNow
Procurement vs Purchasing | Key differences between procurement and purchasing

APNow

Play Episode Listen Later Dec 5, 2024 3:56


Many people mistakenly use the terms procurement and purchasing as if they mean the same thing. While they are closely related and often overlap in practice, they represent two distinct concepts in the business world. Understanding the difference is critical. Link to What Is a Purchase Order and How Does It Work? What You Need to Know https://youtu.be/rnZD3qJOzoA Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1 Looking for more of the most current business intelligence about + Best practices around your payment and accounts payable function + Current and new fraud protection protocols + The newest technology impacting your accounting, accounts payable, and payment functions + Career advancement +And much more!! +++++++++++++++++++++++ See most recent videos at: https://www.youtube.com/@APNow/videos See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_ Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby

IBS Intelligence Podcasts
EP795: Why India's Nano Enterprises deserve their spotlight?

IBS Intelligence Podcasts

Play Episode Listen Later Nov 29, 2024 13:49


Yashraj Vakil, CEO of CaptainBiz What role do nano enterprises play in India's economy? In this episode, Gloria Mathias sits down with Yashraj Vakil, CEO of CaptainBiz, to uncover the unique challenges faced by these often-overlooked businesses. Yashraj explains why nano enterprises deserve separate recognition from MSMEs. Want to learn more about these silent yet powerful drivers of India's economy? Tune into the podcast. 

THE Sales Japan Series by Dale Carnegie Training Tokyo, Japan
410 Why Sending Your Sales Proposal in Japan Is the Worst Mistake You Can Make

THE Sales Japan Series by Dale Carnegie Training Tokyo, Japan

Play Episode Listen Later Nov 5, 2024 10:29


One of the worst combos in sales is a virtual meeting online and the buyer says, “send me your proposal” or even more insane, you volunteer to send it. Even if you managed to sit down face-to-face with a buyer, do not under any circumstances finish up the meeting with this sentence, “I will send you my proposal”.  Sale is hard enough as it is, so why do salespeople decide they are not living on the edge enough and make these types of ludicrous statements? We usually get one hour in the first meeting to go through the first part of the sales cycle: build rapport with small talk, get permission to ask questions, ask questions to understand 1. where they are now, 2. where they need to be, 3. why they aren't there already and 4. what will it mean for this individual if it all goes swimmingly? This requires that as the salesperson, we shut up and let the buyer do most of the talking and that we take very good notes. One handy note taking technique is to divide the note page into four quarters representing these four questions and then write the answers in the corresponding quarter of the page.  If you have missed something, it becomes immediately obvious, because there are few or no notes in that quarter. In our proposal, we will outline what we have understood is their need. We will then outline what we suggest is the best solution to deliver on this need and then explain what it will cost.  Of course we never ever use words like “price”, “cost”, etc and instead we only refer to the “investment”. This sounds infinitely simple, but have we understood their need?  Have they actually been totally forthcoming about the full gamut of their need?  Are they holding back key information we need to know in order to provide the best solution for them?  Why would they not share that critical information with us?  We assume they want to buy something.  Maybe they have a vague interest.  We have managed to blag our way into a meeting with the buyer, but their motivation isn't high. They may have a mild dose of curiosity or they may be a psychopath who loves to torture poor, unsuspecting salespeople. Salespeople generally have poor listening skills.  They are often not really listening completely, because they hear one piece of the puzzle and their brain inflames with an internal conversation about the clever next thing they are going to say. At this point, they actually stop listening to the buyer.  Or they may hear an objection and the brain goes into overdrive with what they are going to say to destroy that objection. They stop listening to all the other vitals hints from the buyer about what they need, in order to concentrate on their sparkling riposte. Consequently, what they regurgitate in the proposal may have missed the mark or more likely, missed key bits which the buyer needs to hear about in order to organise the Purchase Order. Given this likelihood, imagine what a disaster it is to send the document off and allow the buyer to sit there and silently think, “I am dealing with an idiot who has not understood fully what we need”. Here is Dr. Story's iron discipline sales requirement.  When wrapping up the meeting, grab your schedule and make them open theirs and find a date and time for the next meeting. In that meeting, you will bring the proposal and go through it with them to make sure you have correctly and fully understood their needs.  Get into their diary right there and then, because trying to do it later can be difficult and sometimes it never happens at all. If they say, ‘just send it to me”, under no circumstances accept that statement. Instead, say “I will need to show you something, so let's find a time for me to do that”.  Do not dilute the power of what you have just said by adding to it with more justifications.  Keep the strength of that bold statement intact, break eye contact, hold your pen at the ready, look down at your diary, and suggest dates and times. We want to be sitting right across from them when we go through the details to read their body language reaction to what we are outlining.  We want to make sure we have properly understood their needs and that our solution is attractive to them.  We want to tease out any doubts so that we can deal with these spiky porcupines on the spot.  

APNow
Accounts Payable Basics 17 Documents Everyone Must Understand

APNow

Play Episode Listen Later Jun 27, 2024 16:04


Learn all about the different types of documents you need to understand in the accounts payable function! Invoices, purchase orders, and receiving documents are just the beginning - join us for a detailed breakdown. Don't forget to subscribe for more accounting tips and tricks! #accountspayable #accounting #accountspayableprocess Link to Difference between Purchase Order and Invoice Accounts Payable https://youtu.be/YEivgXgeKTc Looking for more of the most current business intelligence about + Best practices around your payment and accounts payable function + Current and new fraud protection protocols + The newest technology impacting your accounting, accounts payable, and payment functions + Career advancement +And much more!! Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1 +++++++++++++++++++++++ See most recent videos at: https://www.youtube.com/@APNow/videos See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_ Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby Other ++++++++++++++++++++++++++++++++++ Website: https://www.ap-now.com/ Linkedin AP Now: https://www.linkedin.com/company/ap-now/ Twitter: https://twitter.com/Accountspayable More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable

Owned and Operated
#105- Week 1 of Jack's Plumbing Business Acquisition

Owned and Operated

Play Episode Listen Later Mar 19, 2024 25:31 Transcription Available


Expanding a business can be both exciting and challenging, with new opportunities and complexities to consider. In this episode, John and Jack explored the nuances of blending two businesses together and the key strategies involved in managing the transition effectively. Jack also discusses his recent plumbing business acquisition, detailing his initial successes and challenges within just one week. They explore the complexities of integrating purchase order systems and optimizing QuickBooks to manage income and expenses efficiently as Jack introduces new departments. Furthermore, they tackle the practical strategies for overseeing departmental finances, stressing the importance of simplicity in bookkeeping and operations. Episode Hosts:John Wilson: @WilsonCompaniesJack Carr: @thehvacjack Special thanks to our sponsor: Service Scalers: Looking to scale your home service business? Service Scalers is a digital marketing agency that drives success in PPC and LSA. Discover more growth strategies by visiting Service Scalers.Check out Owned and Operated Weekly Insights: a newsletter where John discusses topics ranging from recruiting and marketing to the growth of your home service business.  Subscribe to the newsletter here.Contact us:Youtube: @OwnedandOperatedPodcastX: @ownedoperatedcowww.ownedandoperated.cominfo@ownedandoperated.com

APNow
Difference between Purchase Order and Invoice Accounts Payable

APNow

Play Episode Listen Later Sep 7, 2023 7:13


Do you know the difference between a purchase order number and invoice number and what each are used for? Purchase order numbers and invoice numbers are two numbers used for several different functions in the procure-to-pay and accounts payable space. It is critical that everyone involved in these functions understand the basic different between a purchase order (and the purchase order number) and an invoice (and the corresponding invoice number). Sadly, not everyone does. These critical determinants are key to effective and efficient processing. Purchase orders without PO numbers and invoices without invoice numbers are not acceptable. You need both. Make sure you stick around until the end when we share one invoice number dilemma many are not even aware exists! #purchaseorder #invoice #accountspayable Link to When the Invoice Number Changes [Avoiding Duplicate Payments] https://youtu.be/dCzcBGm-2FY Link to Invoices without Purchase Order Numbers: They Can Be Eliminated https://youtu.be/zpNocghaDhQ Link to What Is a Purchase Order and How Does It Work? https://youtu.be/rnZD3qJOzoA Looking for more of the most current business intelligence about + Best practices around your payment and accounts payable function + Current and new fraud protection protocols + The newest technology impacting your accounting, accounts payable, and payment functions + Career advancement +And much more!! Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1 +++++++++++++++++++++++ See most recent videos at: https://www.youtube.com/@APNow/videos See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_ Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby Other ++++++++++++++++++++++++++++++++++ Website: https://www.ap-now.com/ Linkedin AP Now: https://www.linkedin.com/company/ap-now/ Twitter: https://twitter.com/Accountspayable More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable Facebook: https://www.facebook.com/AccPayNow  

RICH TV LIVE
Neo Battery Materials Receives First Purchase Order (TSXV: NBM) (OTCQB: NBMFF)

RICH TV LIVE

Play Episode Listen Later Sep 7, 2023 2:06


Neo Battery Materials Receives First Purchase Order (TSXV: NBM) (OTCQB: NBMFF) Join www.richtv.io today and learn about explosive early stage companies first #stocks #pennystocks #news #richtv #interviews --- Send in a voice message: https://podcasters.spotify.com/pod/show/richtv/message Support this podcast: https://podcasters.spotify.com/pod/show/richtv/support

How Walker Works
Board of Commissioners Meeting Audio – 7-13-23

How Walker Works

Play Episode Listen Later Jul 14, 2023 52:42


The following occurred at this meeting: -Appointment of a member to the LaFayette-Walker County Library board -Designating Sheriff's Office items for surplus -Accepting the terms of the Improving Neighborhood Outcomes in Disproportionately Impacted Communities grant -Purchase Order for playground equipment -Approval of grants for Adult Felony Drug Court and Mental Health Court -MOU with Family … Continue reading Board of Commissioners Meeting Audio – 7-13-23

Driveway Matinee
Do I need a Purchase order ?

Driveway Matinee

Play Episode Listen Later May 22, 2023 40:19


Buying that shiny new car, boat, RV or motorcycle. Toys toys toys, did they get you in trouble or did you have approval ?

Breaking Barriers, Building a Hire Ground
Breaking Barriers, Building a Hire Ground – Episode 133: Purchase Order Financing for Small Businesses with Jon Shane of SouthStar Capital

Breaking Barriers, Building a Hire Ground

Play Episode Listen Later May 9, 2023 24:06


@font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:3 0 0 0 1 0;}@font-face {font-family:Calibri; panose-1:2 15 5 2 2 2 4 3 2 4; mso-font-charset:0; mso-generic-font-family:swiss; mso-font-pitch:variable; mso-font-signature:-536859905 -1073732485 9 0 511 0;}p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Arial",sans-serif; mso-fareast-font-family:Arial; mso-ansi-language:EN;}.MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:11.0pt; mso-ansi-font-size:11.0pt; mso-bidi-font-size:11.0pt; font-family:"Arial",sans-serif; mso-ascii-font-family:Arial; mso-fareast-font-family:Arial; mso-hansi-font-family:Arial; mso-bidi-font-family:Arial; mso-ansi-language:EN;}.MsoPapDefault {mso-style-type:export-only; line-height:115%;}div.WordSection1 {page:WordSection1;}ol {margin-bottom:0in;}ul {margin-bottom:0in;} “Purchase-order financing, account-receivable financing, and asset-based lending are other descriptions of what we do, but it's all about what your assets are and how we can advance on the assets you already have.” – Jon Shane Jon Shane is the Vice President for Broker Relations at SouthStar Capital, an asset-based private lender with in-house closing, underwriting, and account management. A commercial lending institution that specializes in accounts receivable, payroll funding, and purchase-order financing, SouthStar Capital provides custom financial solutions from its diverse product mix to help its customers meet their unique cash flow needs. Jon holds a Bachelor of Science in Education from the University of Wisconsin-Stevens Point and a Master's of Ministry in Biblical Studies from Northland International University. Jon joins us today to discuss purchase-order financing and SouthStar's asset-based lending services. He describes his role and responsibilities as the Vice President for Broker Relations at SouthStar Capital. He differentiates asset-based lending from other financing structures and outlines different terms that describe the asset-based lending structure. Jon also highlights how asset-based lending can help small businesses create cash flow and grow their accounts receivable. This week on Breaking Barriers: SouthStar's asset-based lending services and Joe's role and responsibilities in the organization Risks and rewards related to asset-based lending and purchase-order financing Invoice factoring and accounts receivables funding Merchant cash advance loans and how asset-based lending is different from payday loans Understanding and making smart, strategic purchases Connect with Jon Shane: SouthStar Capital SouthStar Capital on LinkedIn SouthStar Capital on YouTube SouthStar Capital on Facebook SouthStar Capital on Twitter Jon Shane on LinkedIn Email: jshane@southstar.com This podcast is brought to you by Hire Ground Hire Ground is a technology company whose mission is to bridge the wealth gap through access to procurement opportunities. Hire Ground is making the enterprise ecosystem more viable, profitable, and competitive by clearing the path for minority-led, women-led, LGBT-led, and veteran-led small businesses to contribute to the global economy as suppliers to enterprise organizations. For more information on getting started please visit us @ hireground.io today! If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts. Apple Podcasts | TuneIn | GooglePlay | Stitcher | Spotify Be sure to share your favorite episodes on social media and join us on Facebook, Twitter, and LinkedIn.

Business for Builders Podcast
Ep. 131 - Procurement 101: The Key Differences Between Purchase Orders and Sub-Contracts!

Business for Builders Podcast

Play Episode Listen Later Apr 27, 2023 16:39


You may have a hand shake deal, but are all your vulnerabilities covered with just a handshake?

Profiles
The Next Big Thing in Supply Chain with Graham Parker

Profiles

Play Episode Listen Later Apr 19, 2023 25:10


In this episode, Graham Parker, CEO and Founder of Gravity Supply Chain, joins Host Brian Glick, CEO of Chain.io, to discuss: Why he founded Gravity Supply Chain The key factors that impact forwarder and shipper business How third-parties help you sell to your customers The importance of 'team' in logistics What forwarders and carriers miss when it comes to supply chainGraham is an experienced founder and leader with a comprehensive and proven track record in the logistics and supply chain industry. He founded Gravity Supply Chain in 2014 to support the world's leading shippers and freight forwarders in streamlining operations, gaining better visibility, and making more informed decisions.Follow GrahamFollow BrianGravity Supply Chain LinkedInChain.io LinkedIn

APNow
What Is a Purchase Order and How Does It Work?

APNow

Play Episode Listen Later Apr 14, 2023 6:58


Did you know that one simple, silly mistake on a purchase order can cost your organization hundreds of thousands of dollars – if NOT more? Not something that will make most bosses happy. To make sure that doesn't happen to you, we've created this video which explains what purchase orders are and the different kinds of purchase orders. Additionally, we define the four different types of purchase orders. Do you know what they are? Make sure you stick around until the end when we share the one mistake that many make with Purchase Orders when they get to AP – and it's really easy to avoid, if you know what you're doing. #accountspayable #purchaseorder #accounting The accounts payable invoice process is critical to the success of the accounts payable function. The three-way match concept is the standard approach used in accounts payable departments across the country, or at least those that use accounts payable best practices. It involves comparing the purchase order vs invoice and the receiving document and is a strong accounts payable internal control. Link to Eliminating Duplicate Invoices Best Practices https://youtu.be/P6n-3gDqAs0 Link to Accounts Payable Best Practice Playlist https://youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V Link to Accounts Payable Month Playlist (long and shorts) https://youtube.com/playlist?list=PLtL6rWSXZ-HdXQrxOFqXLPw5t0g7YjhVh Insights on Zelle and Fraud Protection from Lynn Larson https://youtube.com/playlist?list=PLtL6rWSXZ-HfUUlK4BpKlaQSFWAXb8nMQ Link to Changing Invoice Best Practice Playlist https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh Link to Accounts Payable Internal Controls Playlist https://youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_ Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1 Learn more about AP Now at www.ap-now.com Host: Host: Mary Schaeffer (www.ap-now.com) #accountspayable #procuretopay #p2p #purchaseledger #Accounting #accountspayableprocess #accountspayablebestpractices  

The Vox Markets Podcast
1270: Top 5 Most Read RNS's on Vox Markets for Friday 17th March 2023

The Vox Markets Podcast

Play Episode Listen Later Mar 17, 2023 2:58


Top 5 Most Read RNS's on Vox Markets for Friday 17th March 2023 5. Tekcapital #TEK - Guident Update Since the start of 2023, Guident has enjoyed greater commercial traction and its sales pipeline grow as a result of meetings with new strategic partners and prospective customers. A strategic workshop also took place where Guident agreed on the R&D roadmap for 2023, including a newly defined order process and product names for the Remote Monitoring and Control Center solution (RMCC) and the Regenerative Shock Absorber (RSA) and its components. Guident will shortly deploy its RMCC service for the Jacksonville Transportation Authority (JTA) and expects the first Purchase Order from the contract shortly. 4. Upland Resources #UPL - Sarawak February JTS Update Bolhassan Di, Upland Chairman and CEO commented: "Progress to date on Block SK334 is very encouraging, Integration of fieldwork findings and analysis with seismic interpretation works is now underway, with preliminary identification of prospects and leads depth structure maps for respective seismic horizons also in process. The Joint Technical Study has identified that key elements of a working petroleum system are likely present on Block SK334 and we look forward to updating the market on the next phase of development." 3. IOG PLC #IOG - Award of Long-Term Incentive Options The Company has today granted the 2023 LTIP Options to all of its employees, representing 5.89% of the Company's current Issued Share Capital. The 2023 LTIP Options have a three-year vesting period and are subject to the following vesting conditions over the three-year period: · 60% upon achievement of a compound annual Total Shareholder Return of 25% (equating to a 9.45p target share price) · 25% on meeting production targets · 15% on meeting emissions targets 2. Predator O&G Hldgs #PRD - Placing to raise £2 Million Predator Oil & Gas Holdings announce that it has conditionally placed 15,500,000 shares at a placing price of 5.5 pence each to raise £2,000,000. · To fully fund the MOU-3 well · Targeting Contingent and additional Prospective Resources in a single well · Accelerating the potential for monetisation through a sales process in 2023 1. Atlantic Lithium #ALL - Holding(s) in Company. On 14/03/2023 Waratah Capital Advisors of Toronto, Canada held 2.63% of the issued shared capital, down from 3.07%.

The Vox Markets Podcast
1271: 3 Companies Rising on News for Friday 17th March 2023

The Vox Markets Podcast

Play Episode Listen Later Mar 17, 2023 1:45


3 Companies Rising on News for Friday 17th March 2023 1. Verditek #VDTK - Supply Agreement with Lindab Profil AB Verditek announce that it has signed an exclusive supply agreement with Lindab Profil AB, a Swedish company engaged in the development, manufacture and sale of building products and in particular roofing systems, for a term of 3 years. The agreement has no minimum purchasing obligations for Lindab and there is no guarantee that Lindab will place any orders. However, Verditek has already supplied over €100k worth of panels to Lindab for a number of projects as well as supply panels for a test and demonstration installation at their home factory in Forslov, Sweden. 2. Bodycote #BOY - Full year results for year ended 31 December 2022 Revenues up 20.8% to £743.6m (17.3% at constant currency) Headline operating profit up 19% to £112.2m 3. Tekcapital #TEK - Guident Update Since the start of 2023, Guident has enjoyed greater commercial traction and its sales pipeline grow as a result of meetings with new strategic partners and prospective customers. Guident will shortly deploy its RMCC service for the Jacksonville Transportation Authority (JTA) and expects the first Purchase Order from the contract shortly. As announced on 17 Februry 2023, Guident signed a letter of intent with Auve Tech a developer and manufacturer of autonomous transportation systems. To see more risers & fallers today click here

Corruption Crime & Compliance
Financial Controls: Contract/Purchase Order to Invoice to Payment Procedures

Corruption Crime & Compliance

Play Episode Listen Later Mar 6, 2023 19:09


The contract to invoice to payment process may seem like a small part of a larger process, but it's at the core of many enforcement issues, particularly when it comes to the FCPA. In fact, we've seen some important cases that have highlighted the critical nature of this process, including the Oracle case from last year. This episode of Crime, Corruption and Compliance is not just a review of the FCPA, but rather an in-depth exploration of how companies can implement effective internal controls around their financial operations, and avoid potential problems that can arise from breakdowns in this process. I dive into the details of this important topic so you can learn how to build an effective control environment for your company's financial operations.These are some key ideas I discuss in this episode:Internal controls are critical to preventing fraud and corruption and must be established and maintained to ensure the proper use of corporate assets.The accounting provisions of the FCPA include the books and records provision and the internal controls provision, which require issuers to keep accurate and detailed records of their transactions and maintain a system of internal accounting controls.The contract to invoice to payment process is a key area where breakdowns in internal controls can occur, leading to illegal payments and bribery risks.A robust due diligence process is required to confirm the ownership, legal compliance, reputation, and other important factors of potential vendors and suppliers.Accounts payable and accounts receivable personnel are critical frontline actors in the procurement to pay process and should be trained in compliance to mitigate risks and elevate red flags when necessary.The coordination and communication between finance, procurement, and compliance functions is crucial to establishing effective controls and preventing potential high-risk situations.Contract and purchase order management systems should be established to link the contracting and purchasing process with invoicing and payment, ensuring proper review and verification of invoices and payments.Invoicing and payment processes should be closely monitored and authorized in accordance with contractual and purchase order terms to avoid unauthorized use of corporate assets and reduce bribery risks.Compliance programs should include a monitoring program and transaction testing program to regularly review and test the effectiveness of internal controls in the procurement to pay process.KEY QUOTES:“Compliance has to push their way into the environment here and start to take some responsibility for transaction testing, for monitoring, for partnerships related to high value or high-risk third parties, to make sure that we're monitoring and addressing that risk.” - Michael Volkov“One of the things that has to go along with your third party due diligence program is what I would call a contract management system.” - Michael Volkov“Accounts payable personnel should always be relied on in terms of natural allies and open communications. Having them elevate red flags to the business and the compliance functions has to be a key priority here because they are on the front lines.” - Michael VolkovResourcesMichael Volkov on LinkedIn | TwitterThe Volkov Law Group

WJR Business Beat
The Importance of Purchase Order Financing

WJR Business Beat

Play Episode Listen Later Jan 30, 2023 2:24


Small manufacturers want to grow their business might explore how purchase order financing can be a means of funding orders so that you can fill 'em and profit from 'em when you'd otherwise perhaps turn that business away.

AGORACOM Small Cap CEO Interviews
Datametrex AI Attracts Over $3.5M In P.Os From Silicon Valley, South Korean Conglomerate and Insurance Industry - Just In October

AGORACOM Small Cap CEO Interviews

Play Episode Listen Later Oct 26, 2022 29:47


Datametrex AI Limited $DM $DTMXF $D4G) has the rare benefit that most small-cap companies would only dream of … Multiple successful independent divisions that are each capable of being a company maker including: Cybersecurity Smart & Mobile EV Charging Through Predictive Analytics Subscription Based Telehealth Including Mobile Medical Visits COVID-19 Testing With Tier-1 Movie Studios & Mining Companies That's why CIOReview, a leading digital and print technology magazine, has recognized the company as the most promising Canadian tech company for the 2022 calendar year … and that is why $DM is set to uplist to the TSX Big Board. More than just lip service, $DM is walking the walk delivering great financial results as follows: Q2-22 RESULTS: Revenue 18.3M EBITDA of $1.43M / adjusted EBITDA 3.265M Positive cash flow of over $766K from operations Over $25 million in current assets, including $14m in cash Significant increase in IT services REV $2M +, up 141% from the previous year. YEAR ENDED DECEMBER 2021: Record Revenue of Over $49M up 296% Record Adjusted EBITDA* of $15M up 1,838% Net Earnings of $9M up 282% Positive Cash Flow from Operations of $11M up 2,025% If the story ended there … it would make for a pretty good story … but it doesn't. Here is a summary of what the company announced just in the month of October: $1,000,000 In Purchase Orders From South Korean Conglomerate Lotte $500,000 Purchase Order from Lotte Card $500,000 Purchase Order from Lotte Home Shopping $2,410,000 In Purchase Orders From Silicon Valley's Bitnine Global For 3 Separate Applications $1.6M Purchase Order $410,000 Purchase Order $400,000 Purchase Order $100,000 Purchase Order For The Insurance Industry What did Marshall Gunter, CEO of the Company have to say? "We are proud to announce additional contracts for our technology services. AI is a powerful tool to optimize business and improve operations and ROIs. The growth so far in our core AI business has been a success, and we will continue to focus on our AI initiatives to further expand our business." Now, sit back relax and listen this powerful interview.

Proactive - Interviews for investors
NexTech AR Solutions receives largest purchase order to date for 3D models worth 6.7 million

Proactive - Interviews for investors

Play Episode Listen Later Oct 18, 2022 4:22


NexTech AR Solutions CEO Evan Gappelberg joined Steve Darling from Proactive to share news the company has secured a contract with a NASDAQ 100 technology company for 3D models worth 6.7 million dollars. Gappelberg telling Proactive this deal, which is the single largest purchaser order to date, will be delivered in 2023. The company says it is still in negotiations for additional significant 3D modeling contracts. #proactiveinvestors #nextecharsolutionscorp #cse #NTAR #otcqb #metaverse

RICH TV LIVE
Vicinity Motor Corp secures US 100 million + purchase order $VMC $VEV

RICH TV LIVE

Play Episode Listen Later Oct 17, 2022 2:14


Vicinity Motor Corp secures US 100 million purchase order $VMC $VEV - Get RICH with RICH TV at www.richtv.io #business #news #finance #stocks #Trading #investing #money --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/richtv/support

MRPeasy Manufacturing Podcast
Purchase Order Management – Achieving Consistent Deliveries

MRPeasy Manufacturing Podcast

Play Episode Listen Later Oct 12, 2022 11:46


For any manufacturing company that relies on components and raw materials from suppliers, purchase order management constitutes an important set of practices that can significantly simplify the procurement process. In this article, we look at how to achieve consistent success with your procurements using the best purchase order management practices and solutions. You can learn more about it from this episode or read the article here.

APNow
Invoices without Purchase Order Numbers: They Can Be Eliminated

APNow

Play Episode Listen Later Oct 6, 2022 4:11


How much times does your accounts payable team waste trying to figure out who approved an invoice that comes in without a purchase order number or name of the person who placed the order? What if I told you there's a way to completely eliminate the headache? In this episode I'm going to share how to do that. Think this strategy won't work in your organization? Stick around until the end when I share a real-life example of exactly how it was put into play at one company. Efficiency is critical in #accountspayable. #Invoiceswithoutinvoicenumbers are also real timewasters in #accounting. Invoices without Purchase Order Numbers are terrible time wasters for the accounts payable staff. Addressing this issue of Invoices without Purchase Order Numbers is critical to accounts payable, accounting and audit groups who wish to become efficient and spend as little time as possible processing invoices. Invoices without invoice numbers are real time wasters in accounts payable and accounting. Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses. Link to Automation Headaches – and how to avoid them https://youtu.be/IlSK-BG5Xfw Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1 Learn more about AP Now at www.ap-now.com Host: Mary Schaeffer (www.ap-now.com)

Boss It Podcast
Episode 101 | CEO Characteristics [GOOD to GREAT]

Boss It Podcast

Play Episode Listen Later Oct 4, 2022 15:28


Time to get serious about leading your company. Let's speak about what a CEO is and then I'll provide you with a few tips to take your mindset and execution to the next level as a CEO. If you need more information regarding what is Governance and reporting to a board, you can check out this great article and video for a fast tutorial.Tip 1- Learn to Delegate! If you want more information on delegation you can check out episode 84 at bossitclub.com/84. In Also Sophia, my product-based company, I delegated out social media and product fulfillment early to ensure I had the energy and time to create and lead the company! Tip 2 - Learn to take Risks! You will be faced with many challenges while leading your business so you must be comfortable with the concept of taking on risks and trying no ideas out to manage the challenges. This is a business essential! Again with Also Sophia, I started taking on risks like taking on a Purchase Order for Walmart in our first 12 months. This risk was essential to growing our business.  Tip 3 - Exercise Your Confidence Confidence is essential! Think about the internal dialogue that may be preventing you from your full expression of ourself. What is holding you back? Confidence is a very large topic and takes years of work. If you can fully embrace your confidence, there will be no stopping you from attaining your big goals! You can follow us on Instagram at @bossitclubCheck out more episodes by heading to https://www.bossitclub.com/podcastXO,SophiaA Team Dklutr Production

Proactive - Interviews for investors
Nexe Innovations hits major company millstone with first purchase order from United States

Proactive - Interviews for investors

Play Episode Listen Later Sep 29, 2022 4:13


Nexe Innovations President Ash Guglani joined Steve Darling from Proactive to share news the company has made another big stride with its first purchase order from the United States. Guglani telling Proactive this came about because of the partnership with Awaken Brands which is to distribute a private label fully compostable coffee K-cup brand to leading providers of food and nutrition within the workplace including factories, offices, and healthcare facilities. #proactiveinvestors #tsxv #otcqb #coffee

Unofficial SAP on Azure podcast
#111 - The one with Cloud Infrastructure Security (Paul Edlund) | SAP on Azure Video Podcast

Unofficial SAP on Azure podcast

Play Episode Listen Later Sep 23, 2022 67:52


In episode 111 of our SAP on Azure video podcast we look at Cameron Gardiner "SAP on Azure General Update August 2022", see how the SAP BTP Destination Service can be used to connect to services from Azure, look at SAP Process Automation and how it can connect to Outlook and Excel and deep dive on some SAP related announcements done during the Power Platform Conference this week. The new SAP Connector that was announced there, not only comes with new capabilities, but also with a set of predefined templates for Power Apps and Power Automate which for example allow you to quickly create a Purchase Order app. Then we continue to talk about security. Going up the stack talking about physical security in our datacenters, we now look at way on how to protect the workload and infrastructure using Privileged Identity Management and Microsoft Defender for Cloud. Paul Edlund joins us again to walk us through whiteboards and demos. https://www.saponazurepodcast.de/episode111 Reach out to us for any feedback / questions: Robert Boban: https://www.linkedin.com/in/rboban/ Goran Condric: https://www.linkedin.com/in/gorancondric/ Holger Bruchelt: https://www.linkedin.com/in/holger-bruchelt/ #SAPonAzure

Proactive - Interviews for investors
Nextech AR Solutions announces company has received large 3D model purchase order

Proactive - Interviews for investors

Play Episode Listen Later Sep 20, 2022 5:50


NexTech AR Solution CEO Evan Gappelberg joined Steve Darling from Proactive to bring news the company has announced a large blue chip company has made a large purchase of 3D models. Gappelberg telling Proactive the order is for purchase for 7,500 3D models with over 50% already delivered and the balance expected to be delivered in early Q4. #proactiveinvestors #nextecharsolutionscorp #cse #NTAR #otcqb #metaverse

Ikwekwezi FM Education Programs
Commerce and Finance: The importance of purchase order in a Small business

Ikwekwezi FM Education Programs

Play Episode Listen Later Aug 17, 2022 31:26


Coffee with Crane
The future of Purchase Order Management

Coffee with Crane

Play Episode Listen Later Jun 30, 2022 14:28


Podcast: Coffee with Crane S03 - EP12 Tune in and listen to Crane Worldwide Logistics' experts talk over diverse Logistics and Supply Chain topics. We'll meet with Crane Worldwide Logistics' Kylie Cook in this episode! She is the Sr. Product Owner for the PinPOint purchase order management system. We'll discuss technology, the power of knowledge, and more insights into the software Crane Worldwide Logistics offers. - #CraneWorldwideLogistics #Logistics #SupplyChain #Warehousing #FreightForwarding #FreightForwarder #CustomsBroker #TradeAdvisory #LogisticsPodcast #SupplyChainPodcast For more information, please visit https://craneww.com/.

Digging In with Matt Rosenthal
6 KEYS to Build a BUSINESS in 2022 | with Lee Haskin

Digging In with Matt Rosenthal

Play Episode Listen Later Jun 6, 2022 71:30


In this week's episode, Lee Haskin, CEO of Crossroads Financial digs into the meaning of PASSION and DRIVE. Having grown up in New Jersey working for his fathers business, Lee learned about ENTREPRENEURSHIP FROM THE VERY BEGINNING. Join us in this episode as he enlightens us with VALUABLE BUSINESS TIPS  and the FUTURE OF E-COMMERCE. You will also learn about FACTORING and the BENEFITS OF IMPLEMENTING IN BUSINESS. You won't want to miss this impactful episode!Lee Haskin founded Crossroads Financial  in 2006 to provide Inventory and Purchase Order financing to lower and middle market commercial customers.  Prior to Crossroads, Lee was a Senior Managing Partner with Capital Access Group, arranging lines of credit averaging a total $200M per year. Lee has over 30 years' experience in the commercial finance industry starting at Allstate Financial as head of sales and marketing.  From his career in asset based lending, Lee brings a unique knowledge and understanding of inventory lending. Under his direction and guidance, Crossroads has successfully funded over $240 million in credit facilities with less than a 1% loss ratio. Lee attended the University of Miami.Digging In is a podcast that uncovers the secrets to success in life, business, and health. In this weekly show, Matt Rosenthal, CEO and seasoned entrepreneur digs in with guests as they share powerful stories about what it takes to be a success. Everyone has untapped potential, and this podcast delivers a roadmap that will inspire, motivate and educate you on your personal journey. Matt Rosenthal is the President and CEO of Mindcore Technologies. In this position, Matt provides his clients with creative and transformative technology solutions. His passion and experience have a substantial impact on the businesses he works with. Matt also prides himself on being a trusted advisor to his clients as he delivers high-impact and creative ideas, strategic guidance, and thought leadership. Matt's fulfillment as a business owner and advisor lies in the satisfaction he feels when he has made a difference and truly helps others. Visit https://mind-core.com for more information.Be sure to subscribe to the podcast on Spotify!https://open.spotify.com/show/6oiWfrl9pQgUYeDKafUYE2

How Walker Works
Board of Commissioners Meeting Audio – 5-12-22

How Walker Works

Play Episode Listen Later May 13, 2022 71:33


The following occurred at this meeting: -Discussion on special event insurance at county community centers -Annual property assessment update -Resolution to amend and restate one of the employee retirement programs -Purchase Order for a storm drain project SUBSCRIBE to our YOUTUBE channel to watch this meeting. http://walkercountyga.gov/tag/podcast/feed

BPA Educators
Purchase order | Rejection | receipt Note | BPA Educators | Tally Prime

BPA Educators

Play Episode Listen Later May 7, 2022 15:43


#Purchaseorder | #Rejection | #receiptNote | #BPAEducators | #TallyPrime Check the video to know the purchase order, rejection, receipt note in tally prime. BPA Educators offer Basic and advance courses in taxes and accounting, which helps you run your business properly and manage your business wisely. #Whatisitc #ITC #tds #GST #taxes #tax #bpaeducators #learnwithbpa #bpamastery #learndirecttax #bpainbihar #Bpaindelhi #learnwithbpa #BPAisbest Linked videos: What is GST-https://www.youtube.com/watch?v=5a7Bi... Popular videos: How to use a pivot table in excel https://www.youtube.com/watch?v=zuPy6... For expert advice Address: C-8/13, Sector-7, Rohini, Delhi-110085 Call: +91-8882196405 Email: info@bpaeducators.com Private Facebook group: BPA mastery To get more updates join VIP COMMUNITY OF BPA EDUCATORS- https://www.facebook.com/groups/bpamastery/ Website: www.bpaeducators.com Instagram: https://www.instagram.com/bpaeducator/ Facebook: https://www.facebook.com/bpaeducator Twitter: https://twitter.com/EducatorsBpa YouTube: https://tinyurl.com/y9nb27xc LinkedIn: https://www.linkedin.com/company/bpa-educators/

AGORACOM Small Cap CEO Interviews
Plurilock 9 Month Revenues of $24,000,000 To Get Further Boost With First Cybersecurity Sale To California Pension Fund

AGORACOM Small Cap CEO Interviews

Play Episode Listen Later Apr 29, 2022 21:01


The global cybersecurity market size is forecast to grow to $345.4 billion by 2026 for obvious reasons … we're all online and so are the bad guys. Until now most people think of firewalls, passwords, biometrics (fingerprints & facial scans) and two-factor authentication when it comes to cybersecurity. And those are the dominant solutions today, the bad guys are winning the war right now when you consider the following: Cybercrime is expected to cost the world $6 trillion in 2021. By 2025, this figure will climb to $10.5 trillion Packet Labs PLURILOCK CYBERSECURITY USES YOUR BEHAVIOR TO IDENTIFY YOU .. VS THE BAD GUYS Plurilock brings an entirely different and exciting approach to cybersecurity - authenticating a person's identity using behavioral biometrics. What does that mean? Glad you asked. Behavioral biometric data is - for example - simply the way you type on your keyboard and move your mouse. Using artificial intelligence and machine learning, Plurilock creates an identity signature that is completely unique to you, like a digital key. Applying this to the actual but basic example of a keyboard, Plurilock's cyber security technology knows how you type on your keyboard and move your mouse. So EVEN if someone was able to physically get onto your laptop, Plurilock would recognize it in seconds and shut the intruder out. WINNING BUSINESS AND AWARDS More than just lipservice, here are some company highlights: Q3 Revenues $15.2M vs $170,000 vs ~ $9M sequentially 9M Revenues $23.9M vs $350,000 Q3 New Orders - $US 8.36 million new orders and contracts which included US $1.7 million and US $1.9 million orders with the U.S. Department of DefenseUS $1.08 million with the U.S. Air Force as part of the National Aeronautics and Space Administration (“NASA”)'s Solution for Enterprise-Wide Procurement (“SEWP”) program. US$239,000 Purchase Order from U.S. Department of the Navy US$304,000 Purchase Order from California State Utility Organization AWARDS: Winner 0f Gold Globee(R) Cybersecurity Award for DEFEND Zero Trust Identity Solution Last week the company announced an order with a California-based Pension Fund What did Ian L. Paterson, CEO of Plurilock have to say? "We are pleased to report the completion of our first cross-sale of Plurilock's cutting-edge DEFEND solution. This order highlights the strategy we developed following the acquisition of Aurora in April 2021, where we first acquire profitable cybersecurity companies with prominent customers, and then leverage those distribution channels to cross-sell our high-margin proprietary products. We will continue to identify new cross-selling opportunities and vigorously work towards signing new purchase orders for our advanced zero trust identity technology.” Now, sit back, relax and listen this powerful interview.

The Altar
Execute Purchase Order 66

The Altar

Play Episode Listen Later Apr 27, 2022 69:33


Ben and Max discuss why Twitter changing hands from one Billionaire to another is a "watershed moment" in internet history. They also have a surprise special guest near the end of the episode. --- Send in a voice message: https://anchor.fm/moonlit-altar/message

Proactive - Interviews for investors
Plurilock Security wins purchase order from California pension fund for its DEFEND solution

Proactive - Interviews for investors

Play Episode Listen Later Apr 25, 2022 6:23


Plurilock Security Inc. CEO Ian L. Paterson joined Proactive's Stephen Gunnion with details of a purchase order won by wholly-owned subsidiary Aurora Systems Consulting Inc from a California-based pension fund for its Plurilock DEFEND continuous authentication solution. Paterson telling Proactive that the order is the first cross-selling purchase order through Aurora for the DEFEND technology offering. The order highlights the strategy the company developed following the April 2021 acquisition of Aurora to first acquire profitable cybersecurity companies with prominent customers, and then leverage those distribution channels to cross-sell its high-margin proprietary products, Paterson added.

Proactive - Interviews for investors
Nexe Innovations secures first purchase order for XOMA Superfoods from Purity Life Health

Proactive - Interviews for investors

Play Episode Listen Later Apr 8, 2022 2:47


Nexe Innovations President Ash Guglani joined Steve Darling with Proactive to share news the company has announced it has received an initial order of XOMA Superfoods from Purity Life Health Products. Guglani telling Proactive Purity Life Health Products is Canada's leading distributor of natural health products. Purity supplies all the major retailers in Canada, including Whole Foods, Loblaws, and Sobeys, and has been a major factor in the success of many household natural health product brands.

Latest Interviews - Finance News Network
LBT Innovations (ASX:LBT) receives purchase order for multiple APAS instruments

Latest Interviews - Finance News Network

Play Episode Listen Later Mar 16, 2022 4:53


16 Mar 2022 - LBT Innovations Limited (ASX:LBT) CEO and Managing Director Brent Barnes discuses the company's recent sales win and its distribution agreement with distributor Thermo Fisher Scientific.

AGORACOM Small Cap CEO Interviews
Plurilock Cyber Security Revenues Hit $24M For First 9 Months. Latest Acquisition Adds More Revenues & Big Gov Clients To Existing US DOD, Army & Navy

AGORACOM Small Cap CEO Interviews

Play Episode Listen Later Mar 8, 2022 21:31


The global cybersecurity market size is forecast to grow to $345.4 billion by 2026 for obvious reasons … we're all online and so are the bad guys. Until now most people think of firewalls, passwords, biometrics (fingerprints & facial scans) and two-factor authentication when it comes to cybersecurity. And those are the dominant solutions today, the bad guys are winning the war right now when you consider the following: Cybercrime is expected to cost the world $6 trillion in 2021. By 2025, this figure will climb to $10.5 trillion Packet Labs Plurilock brings an entirely different and exciting approach to cybersecurity - authenticating a person's identity using behavioral biometrics. Behavioral biometric data … the way you move your keyboard and mouse … creates an identity signature that is completely unique to you, like a digital key. UNDERSTANDING PLURILOCK TECH USING A LAYMAN HOME BURGLAR ANALOGY What does that mean? Let's use the analogy of home security as a layman's example: 1. Most home security systems monitor doors and windows for breaches. (firewalls, etc.) 2. But if burglars get through (breach the perimeter security) they could walk through the home unimpeded (stealing critical data). 3. That's because the home motion detection system has no way of knowing if the owner disarmed the security, or burglars circumvented it and are walking around. 4. Enter Plurilock whose technology doesn't blindly monitor motion, it monitors behavior. Plurilock machine learning would already know how the owners and the occupants walk around the home - and would proceed to lock down every interior door once the burglars behavior didn't match the occupants. Applying this to an actual but basic tech example of a keyboard. Plurilock machine learning technology knows how you type on your keyboard and move your mouse. So if someone was able to physically get onto your laptop, Plurilock would recognize it in seconds and shut the intruder out. Behavioral biometrics + Machine learning = Continuous authentication. Highlights ● Q3 Revenues $15.2M vs $170,000 vs ~ $9M sequentially ● 9M Revenues $23.9M vs $350,000 ● Q3 New Orders - $US 8.36 million new orders and contracts which included ● US $1.7 million and US $1.9 million orders with the U.S. Department of Defense ● US $1.08 million with the U.S. Air Force as part of the National Aeronautics and Space Administration (“NASA”)'s Solution for Enterprise-Wide Procurement (“SEWP”) program, a United States Government-Wide Acquisition Contract Vehicle (“GWAC”). ● US$239,000 Purchase Order from U.S. Department of the Navy ● US$304,000 Purchase Order from California State Utility Organization ● Plurilock Wins Gold Globee(R) Cybersecurity Award for DEFEND Zero Trust Identity Solution Today, the company announced the Acquisition of Integra Networks Corporation. What did Nagwa Koressa, President of Integra have to say? "We are excited to become a part of the Plurilock family of companies. Plurilock's approach to customer success is the perfect fit for Integra's service-focused model. This acquisition brings with it a tremendous number of benefits to our loyal team and our customers, including the opportunity to become a part of an award-winning global cybersecurity company that is developing cutting-edge zero trust identity technology."

Goodlife Warrior Podcast
PO and PI - 3 Things You Must Know About Proforma Invoice and Purchase Order

Goodlife Warrior Podcast

Play Episode Listen Later Mar 2, 2022 7:49 Transcription Available


It is confusing for most people to deal with a supplier's proforma invoice. Is it a legal document? Should you send the P.O. before or after the P.I.? What is the best practice in handling a P.I.? I will answer all these questions in the video. Enjoy.

WBSRocks: Business Growth with ERP and Digital Transformation
WBSP253: Grow Your Business by Learning the Nuances of Purchase Order Lifecycle and Supplier Collaboration w/ Colby Young

WBSRocks: Business Growth with ERP and Digital Transformation

Play Episode Listen Later Feb 15, 2022 51:29


If you are a seasonal CPG business, you may have grown due to word of mouth to this point in growth, primarily through B2C channels. While B2C has its nuances for planning and procurement due to the unpredictable consumer demand, the drivers and consequences are not as severe as B2B once you have landed a few large enterprise customers. Also, if you want to have fast growth, you will need to sell through marketplaces and large retailers. While onboarding them could provide sustained growth of 2-3x without much marketing efforts, meeting their delivery and fulfillment expectations is hard. And you need much superior control of both the first and last mile to serve these key customers and avoid losing after you have landed them.In today's episode, our guest, Colby Young, shares his insights on the nuances of PO lifecycle and why it is critical for seasonal businesses such as cosmetics. He also discusses the role of the first and last mile and why the first-mile planning and collaboration are critical as the last mile to ensure timely delivery of goods to key customers, avoid inventory stockouts and missed opportunities due to disconnected processes. Finally, he discussed the planning and supply chain challenges associated with onboarding enterprise customers and how to avoid disruptions caused by sudden growth spikes.For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.

The Digital Supply Chain podcast
AI In Supply Chains - A Chat With VectorAI's James Coombes

The Digital Supply Chain podcast

Play Episode Play 18 sec Highlight Listen Later Jan 31, 2022 33:26 Transcription Available


As supply chains are digitising, Artificial Intelligence is having an increasingly positive impact on them. To talk a little about this I invited James Coombes, co-founder, and CEO of Vector.ai to come on the podcast to talk about it.We had a great conversation discussing the current possibilities of AI for supply chains, the impact on jobs, and where to from here.If you have any comments/suggestions or questions for the podcast - feel free to leave me a voice message over on my SpeakPipe page or just send it to me as a direct message on Twitter/LinkedIn. Audio messages will get played (unless you specifically ask me not to).If you want to learn more about supply chain semiconductor shortages, don't forget to check out SAP's recently published Point of View paper on the topic, as well as my podcast with the author of the paper Jeff Howell.And don't forget to also check out the 2021 MPI research on Industry 4.0 to find out how to increase productivity, revenues, and profitability for your operations. This global study examines the extent to which manufacturers deploy Industry 4.0 in their business and the benefits it brings.And if you liked this show, please don't forget to rate and/or review it. It makes a big difference to help new people discover it. Thanks.And remember, stay healthy, stay safe, stay sane! 

Proactive - Interviews for investors
The Good Shroom receives first purchase order from Société Quebecoise du Cannabis for hash brands

Proactive - Interviews for investors

Play Episode Listen Later Dec 20, 2021 4:57


The Good Shroom Co Inc Eric Ronsse tells Proactive its wholly-owned subsidiary and licensed cannabis processor, operating as Seul CBD, has received its first purchase order from the Société Quebecoise du Cannabis for its Nordique Royale and Velada hash brands. Ronsse says the purchase order is worth over $100,000 and the goods will be shipped just in time for the holidays, adding that its hash line will be offered at more competitive prices with the same or higher cannabinoid content of top-selling products.

Proactive - Interviews for investors
Todos gets Tollovid Daily purchase order from European distribution partner T-Cell Protect Hellas

Proactive - Interviews for investors

Play Episode Listen Later Nov 23, 2021 4:04


Todos Medical Ltd, CEO Gerald Commissiong tells Proactive is has received an initial purchase order from its European distribution partner T-Cell Protect Hellas SA for 50,000 bottles of its Tollovid Daily dietary supplement formulated product to be marketed under the T-Cell Protect brand. Commissiong says the initial purchase order is expected to give T-Cell Protect a sufficient amount of product to complete its initial planned roll-out of T-Cell Protect to a subset of its 11,000 store retail distribution network throughout Greece.

The Funding University | Where Business Learns About Funding
TFU 018:Marc Polinsky -Why Alternative Lender such as Purchase Order Lenders are an invaluable tool| The Funding University With Seth Block

The Funding University | Where Business Learns About Funding

Play Episode Listen Later Nov 16, 2021 47:48


Mark Polinsky a Principal at Gateway Trade Funding. Gateway provides Purchase Order Lending and Export Funding for small to medium-sized businesses. Mark is also the owner of Lake Park Capital a company that acquires and turns around distressed businesses. https://www.gatewaytradefunding.com/ About The Funding University: The mission of The Funding University to Enable Funding around the world. Hosted by Seth Block, CPA. Visit The Funding University: https://www.thefundinguniversity.com Get Access To: 1. Blog: https://www.thefundinguniversity.com/blog 2. CPE Courses & Modules: https://www.thefundinguniversity.com/cpe 3. TFU Masterclass: https://www.thefundinguniversity.com/masterclass 4. Funding Expert Certification: https://www.thefundinguniversity.com/certification

Let's Talk Supply Chain
217: Transform collaboration between buyers and suppliers, with SourceDay

Let's Talk Supply Chain

Play Episode Listen Later Aug 30, 2021 39:18


Today I'm joined by SourceDay, a leading tech company who believes that supplier collaboration is the first mile of your supply chain – optimize that, and you can stop misses at the source. SourceDay's cloud solution digitally transforms collaboration between buyers and suppliers. Pulling together RFQ, Purchase Order, and AP Collaboration with quality control, the SourceDay platform allows business to manage their direct spend more efficiently, providing line-item detail that delivers big picture results. Today Tom Kieley, CEO & Co-founder at SourceDay, joins me to chat all about the company; what they do; the impact of COVID disruption on productivity; and the importance of collaboration, visibility and good data in facilitating strong relationships between buyers and suppliers.   IN THIS EPISODE WE DISCUSS: [06.40] How and why SourceDay was founded, and the story behind the name. “The number one thing that was killing business day in, day out was their suppliers and ability to communicate, collaborate and share – in real time – the misses that were inevitably going to happen.” [10.28] Exactly what SourceDay does to help its customers. “Constant change is really the only constant in the supply chain – and SourceDay helps bridge that gap.” [12.23] A closer look at the modules within the SourceDay platform. “Most companies spend millions on automating sales processes, ensuring they can sell faster... But the problem they've left unanswered is, how do you deliver those promises to your customers at the lowest cost and highest quality possible?” [20.11] SourceDay's ERP compatibility and easy integration. [22.36] Why SourceDay's supplier-centric product development has been key to its ethos of collaboration, from day one. [25.26] How everyday disruptions affect spend and PO accuracy – and the impact of COVID.  “Buyers are the unsung heroes of an organization – nothing happens if parts don't show up!” [28.13] Why COVID has helped to drive a mindset shift when it comes to key trends like visibility, collaboration, technology and supply chain transformation. [29.58] A closer look at SourceDay's ideal customer. [31.47] A key case study: how SourceDay saved a customer millions in repeat supplier misses, ultimately paying for itself in less than 3 months. [34.33] The future for SourceDay.   RESOURCES AND LINKS MENTIONED: Head over to SourceDay's website now to find out more and discover how they could help you too. You can also connect with SourceDay and keep up to date with the latest over on LinkedIn or Twitter, or you can connect with Tom on LinkedIn or Twitter. Check out our other podcasts HERE.

WJR Business Beat
WJR Business Beat with Jeff Sloan: Consider Purchase Order Financing for Your Business Needs (Episode 248)

WJR Business Beat

Play Episode Listen Later Jun 28, 2021 2:18


On today's Business Beat, Jeff discusses purchase order financing, which helps companies fill orders they couldn't otherwise without having the funding to pay for production costs.Tune in to the Business Beat to learn more about purchase order financing and how it could benefit your company immensely.

Proactive - Interviews for investors
Naturally Splendid receives large purchase order for plant-based products

Proactive - Interviews for investors

Play Episode Listen Later Jun 8, 2021 3:28


Naturally Splendid (CVE: NSP-OTC: NSPDF) CEO Craig Goodwin joined Steve Darling from Proactive to share news the company has had an initial 75 thousand dollar purchase order from a Company in Canada for their plant-based products to be distributed under their own private label brand. Goodwin talks about this deal and also the fact, Naturally Splendid recently signed a 10-year agreement with Flexitarian Foods to be the exclusive manufacturer for an extensive line of plant-based, meat-alternative products for the Canadian market.

#WeGotGoals
How a Purchase Order from Trader Joe's Changed Everything for Chomps

#WeGotGoals

Play Episode Listen Later Jun 2, 2021 30:08


"When we saw the initial purchase orders come in, they were larger than the revenue from our previous year," Chomps CEO and co-founder Pete Maldonado said of getting the bootstrapped businesses' goods into Trader Joes. "We had to survive on the cash we had in the bank and we absolutely did not have the cash for this kind of production run." So, he and co-founder and COO Rashid Ali put in the work to raise just over $1m from eight separate lenders from Friday to Monday - without giving up any equity. If you've ever bootstrapped a company or borrowed money from friends who know you well enough to write a check for a six-digit figure, you absolutely know that the story of launching nationally with Trader Joe's was exciting - but was also an incredibly stressful time. "We were going from producing 10,000-20,000 pounds a month to 300,000 pounds," Ali shared. "It put pressure on everything." And after a few months, it was a huge relief to pay off their friends and family. "We actually started sleeping after that," Maldonado added. And on this week's episode of the podcast, you'll hear how they scaled from an e-commerce brand to a brand that's available in a staggering amount of places: on Amazon, Chomps.com, Walmart.com, Thrive Market and in more than 11,000 grocery stores in the US and Canada (with 4,200 more grocery locations coming online in July). It's an inspiring story from a lot of angles, like the care they take to make a positive impact on nutrition, the environment and animal welfare. But I'm mostly here for their odd-couple dynamic, which is a delight to watch. They joke that they needed couples therapy when they started working together because they're so different. But they also share a lot of the same values, which I suspect is why the partnership has worked. You'll hear them talk about the way they think about growth, how their ideas about feeding people changed as their families grew, and and so much more on this week's episode of #WeGotGoals. Resources: Find Chomps online You'll hear lots of love for many Chomps flavors including the newest flavor, Pepperoni Turkey Pete and Rashid drop hints on new potential flavors and products throughout the episode Pete mentions a product that got the Chomps team through the Pandemic - the Vertiball If you love this episode as much as we do, subscribe to the #WeGotGoals podcast wherever you like to listen to podcasts, including on Apple and Spotify (and leave us a rating while you’re at it, please).

Contractor Success Map with Randal DeHart | Contractor Bookkeeping And Accounting Services

This Podcast Is Episode Number 417, And It's About Winning Tactics For Contractor Paperwork You started your contracting company to have fun, be your own boss and do the work you love. Now you are overwhelmed with paperwork, and the fun is gone!   One of the biggest struggles construction business owners deal with is the overwhelming amount of paper they have to organize as part of their everyday tasks. Invoices, receipts, bills, contracts, client records, pay applications, insurances, licenses - are just among the few in the seem to be never-ending "etc."   Keeping essential documents is necessary. Most contractors go from one extreme to the other. One extreme is saving everything for decades, and the other is tossing everything out.   What to save? What to toss out? At Fast Easy Accounting, we no longer need to print and save every document in file folders and keep adding new file cabinets. Our paperwork processes ensure your happiness and peace of mind knowing that your papers can be retrieved electronically at any time in the future. Here are my Paperwork Tips: Save your receipts If you have it in paper, get a file box and toss in all the gas, food, miscellaneous receipts paid by credit card. Make a note on the receipt. You have the receipt for backup. I remember a story where someone needed to prove where they were. Charges on the credit card statement weren't enough.   Make individual file folders For your state taxes, quarterly payroll reports, W-2's, 1099's. Other helpful folders are for your Bond, Liability Insurance, Worker's Comp Insurance, Tools, Office Equipment, and Cell Phones. All the statements you may need to reference over and over again and Receipts with extended warranties. Print a copy of the contract with your client An electronic signature is fantastic. Use a service that will time and date stamp in case of a dispute or an issue arises. If all goes well, then The Signed Contract is just another piece of paper. I have heard stories of customers altering the contract, and the contractor did not double-check. Magically things happen with software. Be sure what the client signs are the exact copy of the agreement you sent them and expected to be signed. Take credit cards Use multiple services if that is what is available. If you use a service to send your contracts for signature and have a Merchant Services feature, sign up for it. Everything that happens seamlessly is the best. Approval Now + Authorization of Payment means you have real money (their money) to start the job.  OPM (using Other Peoples Money – meaning you are using the client's money to start, continue and finish the job). Build in the Merchant Services Fee into your pricing. Cost of doing business.  Many contractors lost money on Groupon Coupons as customers only do the One or Two Rooms as was prepaid on the coupon. (Example Carpet Cleaning – Drywall Patching)  Use an invoice built on Excel Word is pretty and is needed for all the descriptions. But to properly get the money you expect to be paid, you need a form that adds up the money.  Do not call all the payments a Job Deposit from beginning to end. Call it a Statement, Progress Invoice; once work is approved, it is no longer an Estimate or a Work Order. If you are in a sales tax state (Washington State) and need to collect sales tax, add sales tax to every invoice.  Customers have selective memory. Be sure to use "Plus Applicable Sales Tax" on the Estimate, Contact, and future billings. If sales tax increases, you need to be able to pass the increases on to the customer.  Identify which job it is Contractors who are doing remodel projects like to have job costing. To achieve primary job costing reports, the accounting software needs to know what job the expenses should apply to.  Many contractors will create a single file folder and drop all of the individual receipts in it. This is handy if they have outsourced their bookkeeping and needed to give their bookkeeping to others to enter into accounting software (QuickBooks). A straightforward way to add more detail for bookkeeping is to have accounts with the primary supplier. The person at the counter will ask you if you have a PO (Purchase Order). Purchase Order does not need to be complicated. Job Name and Job Address. Why both name and address? Because the name that pays the bill may not be the same as the nickname that you know your client as. Examples: Bob, Bobby, Rob, Robby, Robert or Bill, Billy, Will, William may be the same person to you but not to the bank or credit card company.  Always exciting when Spouse, Family member, or good friend helps pay your invoice. From the Accounting side, next week, next month, next year, will you remember which job the individual receipts are tied to?  Keep good records For larger projects – use a file folder for each invoice, especially if you are billing Time & Material or Cost Plus.  Customers will randomly want to confirm the cost of some or all of the items. Does your customer want copies of all receipts?  Does your customer want to nitpick the price of each 2x4, cost of temp, service, and every dump fee?  Does your customer agree verbally to Change Orders but give excuses when asked to confirm changes on paper or by email?  Does your customer hide when you ask for payment? Conclusion: Remember, if you are sick and tired of doing administrative tasks such as handling your documents, we are here to remove your paperwork frustrations. Although a 100% paperless office is not the complete answer, we can certainly help you reduce most of it. In most cases, we can help contractors like you eliminate over 50% of your paperwork; the related savings and increased production more than pays for our services. About The Author: Sharie DeHart, QPA, is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com    

Goodlife Warrior Podcast
3 Things You Must Know About Proforma Invoice and Purchase Order

Goodlife Warrior Podcast

Play Episode Listen Later Mar 12, 2021 7:41 Transcription Available


It is confusing for most people to deal with a supplier's proforma invoice. Is it a legal document? Should you send the P.O. before or after the P.I.? What is the best practice in handling a P.I.? I will answer all these questions in the video. Enjoy.

The Better Way
S1 Ep. 5: How to handle your job costing with Buildertrend

The Better Way

Play Episode Listen Later Mar 2, 2021 26:05


Are you looking for a better way to manage your job costing? On today's episode of “The Better Way: A podcast by Buildertrend,” Reece and Zach are talking in and outs of how to use Buildertrend's powerful job costing features and capabilities to control your business financials and increase profitability. Tune in to the full episode to learn more job costing capabilities and the Purchase Order feature within Buildertrend can improve profitability.

HSBC Talks Business
Someone Else's Problem? — A case for card payments (2/6)

HSBC Talks Business

Play Episode Listen Later Feb 10, 2021 15:36


This second episode in the series shows how change is possible when there is a strong business case but to do this it is important to join up people across different functions like Treasury, Finance, Procurement, Sourcing and Accounts Payable. These different functions experience pain and benefits to different degrees, which affects their willingness to embrace - or resistance to - change. Who owns the buying process and/or the payments in the business? Everyone and no one? Some issues that Vincent will cover include the Supplier's perspective from the Order to Cash process, what is the real cost of a Purchase Order as well as the need to group transactions into high, low or no touch processes. Introduction to HSBC Visa Podcasts:HSBC and Visa are launching a one-off podcast series, hosted by financial expert Vincent Eavis. The aim of the series is to look deeper into the Requisition to Pay process and make the case for card payments, but in a way that is accessible and engaging for those who don't necessarily have an in-depth understanding of some of the processes involved. Vincent will be joined in these podcasts by guests including David Kitchener from Wessex Water, Joanne Towers, Managing Director, Europe Regional Head of Payments and Cards, Global Liquidity and Cash Management at HSBC and Duncan Kennett, Head of B2B at Visa Europe. For more information about anything that you have heard in this podcast, please click here Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

SJCC's Site Survey Podcast
SJ's Toolbox Term: Purchase order

SJCC's Site Survey Podcast

Play Episode Listen Later Dec 19, 2020 0:30


Purchase order --- Support this podcast: https://anchor.fm/sjccsitesurvey/support

The Funding University | Where Business Learns About Funding
TFU 007: Adam Cox of Pendleton Capital - Purchase order financing in todays world and into the future | The Funding University With Seth Block

The Funding University | Where Business Learns About Funding

Play Episode Listen Later Oct 24, 2020 44:55


Adam Cox is the founder and managing principal for Pendleton Capital. He will share with us his expertise in Purchase Order Financing and Factoring. He will tell us why these forms of financing, in many cases, can supercharge the payout when a company is sold. Later Adam will give us some advice on how to avoid letting your funding source stifle your ability to grow. Adam is the current President for the Houston Chapter of The Secured Finance Network. About The Funding University: The mission of The Funding University to Enable Funding around the world. Hosted by Seth Block, CPA. Visit The Funding University: https://www.thefundinguniversity.com Get Access To: 1. Blog: https://www.thefundinguniversity.com/blog 2. CPE Courses & Modules: https://www.thefundinguniversity.com/cpe 3. TFU Masterclass: https://www.thefundinguniversity.com/masterclass 4. Funding Expert Certification: https://www.thefundinguniversity.com/certification

The Persuasion Lab with Martin Medeiros
#39: Negotiating a Purchase Order

The Persuasion Lab with Martin Medeiros

Play Episode Listen Later Sep 8, 2020 16:05


A Purchase Order is a contract sent from the buyer of goods to the seller of goods. It is an efficient way to acquire goods or services.Listen in on this episode as Martin discusses how to make a Purchase Order work for you.If you like what your hearing hit the subscribe button and never miss an episode!The host and our guests anonymize case studies, stories, and examples. Any resemblance to real persons and similar circumstances is coincidental. Nothing in this podcast should be relied upon as legal, financial, psychological, or medical advice. As such you should not rely solely on the information in this podcast. Please consult the relevant licensed professional in your jurisdiction to get information before you change your position in reliance on any information presented.

Supply Chain Now Radio
"Supply Chain Buzz with Rob Lopez & Peach Tree Commercial Captial: Manufacturing, Money & More"

Supply Chain Now Radio

Play Episode Listen Later Jun 9, 2020 84:19


"Supply Chain Buzz with Rob Lopez & Peach Tree Commercial Capital: Manufacturing, Money, & More" Supply Chain Now Episode 376 This episode of Supply Chain Now features Scott and Greg as they share the top things in supply chain this week. This week's special guest is Rob Lopez with Peach Tree Commercial Capital. Rob is responsible for developing new profitable financial relationships with businesses, the business owners, and the key executives in accordance with client goals. He proactively looks to expand client base by cultivating referral relationships with centers of influence, prospecting, networking, and target marketing clients/prospects in accordance with company marketing standards and building a nationwide book of business. He provides education to clients and create cross-sell opportunities on Commercial Real Estate Loans, Asset-Based Financing, Working Capital Lines of Credit, Purchase Order and Inventory Financing, Accounts Receivable Financing, Equipment Financing, and SBA Loans. He reviews, processes, and prepares documentation for new accounts and loans and ensure that it is complete and in compliance with lender requirements. Rob graduated from Georgia Tech with an M.S. in Quantitative and Computational Finance and a B.S. in Applied Mathematics. Upcoming Events & Resources Mentioned in this Episode: Subscribe to Supply Chain Now: supplychainnowradio.com/subscribe/ Connect with Scott on LinkedIn: www.linkedin.com/in/scottwindonluton/ Connect with Greg on LinkedIn: www.linkedin.com/in/gswhite/ Connect with Rob on LinkedIn: https://www.linkedin.com/in/robzter/ SCN Ranked #1 Supply Chain Podcat via FeedSpot: tinyurl.com/rud8y9m SCNR to Broadcast Live at AME Atlanta 2020 Lean Summit: www.ame.org/ame-atlanta-2020-lean-summit SCNR on YouTube: tinyurl.com/scnr-youtube 2020 AIAG Supply Chain Summit: tinyurl.com/yx5asq35 Register for the Upcoming Webinar with RootStock Cloud ERP - "Post COVID-19: Back to Business as Usual Doesn't Mean ERP as Usual": tinyurl.com/ya9faoyr Register for the Virtual Supply Chain Summit with Alcott Global: tinyurl.com/ycgwab87 SAP SAPPHIRE Reimagined: https://tinyurl.com/y9dayaz3 Check Out News From Our Sponsors: U.S. Bank: www.usbpayment.com/transportation-solutions Capgemini: www.capgemini.com/us-en/ Vector Global Logistics: vectorgl.com/ Verusen: www.verusen.com/ ProPurchaser.com: tinyurl.com/y6l2kh7g For additional information on this episode, please visit our dedicated show page at: www.supplychainnowradio.com/episode-376

Export Advisors
Export Sales Documentation and Workflow

Export Advisors

Play Episode Listen Later May 5, 2020 13:55


In this episode, we take a deep dive into the documentation involved in international sales and the workflow of the export order process, from the time your customer submits a Purchase Order through to the time the order ships from your warehouse.

Planet Trade Finance
Podcast Mini - Agri Business Loan and Startup Purchase Order finance

Planet Trade Finance

Play Episode Listen Later Feb 11, 2020 4:29


Planet Trade Finance
Podcast #1 - Startup Purchase Order Finance

Planet Trade Finance

Play Episode Listen Later Nov 4, 2019 3:37


The Contracting Coachcast: Construction Business Improvement
Terminating a Subcontract or Purchase Order Agreement

The Contracting Coachcast: Construction Business Improvement

Play Episode Listen Later Oct 9, 2019 20:55


"Contract defaults are costly for all parties involved." In today's episode, I discuss how to handle a subcontractor or supplier default.Sign Up for the Elite Contractors Community Facebook GroupTake the Survey Want to speed up your path to success? Looking for some support for your business or career?Consider one of our coaching programs to get the support you need. Click below and complete the quick survey and we can schedule a call to discuss the benefits of working with me directly.Schedule a Coaching Review Call Thanks for Listening!Have questions or comments?Leave a voice message here.Comment on our Facebook page here.Ask a question at Ask the CoachI would love your feedback:Leave a review on iTunes or Stitcher. 1 Star of 5 Star, I love your feedback and read every review.Leave a review on our Facebook page.Listen Anywhere!Subscribe on iTunes or StitcherListen on Alexa just say "Alexa, play The Contracting Coachcast podcast."Online at ContractingCoach.comor on your favorite Podcast PlayerWant More?Check out these other great resources:The Contracting Coach AcademyThe Contracting Coach Resources

Talking Logistics Podcasts
[Video] From Purchase Order to the Last Customs Mile: Streamlining and Automating the Global Supply Chain

Talking Logistics Podcasts

Play Episode Listen Later Jul 28, 2019 27:54


Ty Bordner, SVP of Marketing & Business Development at Amber Road, discusses global trade trends and challenges and how technology can help. Podcast version (click to play): The post [Video] From Purchase Order to the Last Customs Mile: Streamlining and Automating the Global Supply Chain appeared first on Talking Logistics with Adrian Gonzalez.

The Fierce Female Network
Consumer Protection: Pace Your Purchase And Responsibility

The Fierce Female Network

Play Episode Listen Later Jun 2, 2019 17:00


Do you ever feel rushed to purchase something?  It bugs me to no end when I am looking for something, and the person selling the item lose the sale with me because they are in to big of a hurry to make a sale.  A saleperson should make you feel valued, and appreciated before receiving your money.   It is all a matter of Human Behavior, we naturally get turned off by pushy people in life, and business. Are you communicating your needs to the company you are in business with?  Are you able to articulate what you are shopping for?  These are key points in making sure your experience is an excellent one.   The whole point behind these series of broadcast is to ensure consumers are armed with information, information, information.   The more information you have before your shopping experience the better your outcome will be after the purchase.    What are you doing to make sure you will be happy with the item you are purchasing?  How many times have you purchased something, and had to take the item back to the store? If you did try to return an item did you have a hassle? As a consumer each and every one should receive what they have purchased.   I detest when some one is being ripped off or cheated out of a product or service.

Be first in line to get paid
No PO, no pay, no work?

Be first in line to get paid

Play Episode Listen Later Apr 7, 2019 8:21


You’ve signed the contract with your customer, but you do not have a Purchase Order. Should you go ahead and deliver your product or service anyway?Many companies have a "no Purchase Order, no pay" policy, so consequently you should have a "no Purchase Order, no work" policy.Easier said than done.RIABU's Simon Littlewood and Mark Laudi discuss how to keep your customer happy AND get paid on time.

Accounting Best Practices with Steve Bragg
ABP #262 - Purchase Order Clearing

Accounting Best Practices with Steve Bragg

Play Episode Listen Later Dec 7, 2018 7:18


How the process works

Swenk Today: The Digital Marketing Agency Show
UH-OH! WORKING ON 6-FIGURE AGENCY DEAL - NO SIGNED CONTRACT, NOT PAID

Swenk Today: The Digital Marketing Agency Show

Play Episode Listen Later Aug 30, 2018 5:29


What do you do if you've won a big agency deal and hired a team to work it, but you haven't been paid and there's no signed contract? YIKES! Right?!? Daniel asked... "I just won a large deal ($890k) with an existing client and given the green light from the COO to go ahead and build a larger team to execute on the agreed plan. I have hired 5 new contractors and currently onboarding them. There challenge with cashflow issues on the horizon as the client is way behind in paying previous invoices (about $70k owed currently). I now have weekly contractor expenses of around $10k. I have been reassured that this is simply an Admin /Accounts timing issue (up until recently there was no Purchase Order for the new project) but I'm burning through personal savings at an alarming rate. To compound the issue there is no formal agreement signed with the client either (again I'm promised it is happening). This client is large - $7B in revenue - so I am not worried they don't have the cash but need to come up with some way of coping with the cashflow inconsistencies. Any suggestions on managing cashflow challenges like the above? Also any suggestions on how to encourage the agreement to get signed ASAP? Well, that's a real doozy, Daniel, but don't worry - we've all been there before! First -- When you don't NEED extra cash, get a line of credit. Do this when it's not needed because it never fails that when you do need it you won't be able to get it! A line of credit is to be used for temporary situations just like this... In the long run, you know you're going to be fine, but in the short term a line of credit could really help. Next -- I know you know this, but verbal agreement with a longterm or high revenue client is not a good way to do business. You have to put your foot down and just tell them that you cannot start work until the proposal is signed and you get paid. Without a contract or purchase order you don't have a foot to stand on. If someone leaves the company or changes directions on the project, you're left on the hook for the time, money and resources you've already invested. What you can do now, is STOP all work on the project immediately. Make a phone call to the COO and explain the situation. Tell them you cannot move forward until you get the signed contract and purchase order. So, Daniel - here's the steps you need to take to correct this: #1 - get a line of credit #2 - get a signed contract #3 - get a purchase order #4 - get paid #5 - never do this again! Comment below and tell me if you've ever run into a situation like this? What did you do to reverse it, and how did it work out? ====================================================== Thanks for watching. I hope you keep up with the daily videos I post on my channel. Make sure you subscribe and share your learnings with others. Your comments are why I do this, so please take a second and say hello. JASON SWENK IS AN AGENCY ADVISOR THAT GUIDES MARKETING AGENCIES THROUGH A PROVEN FRAMEWORK FOR GROWING THEIR AGENCY FASTER & EASIER. Fresh out of college Jason was off to work for Arthur Anderson, one of the big 5 consulting firms. He quickly realized that he could never work for anyone other than himself. He decided to change direction, launch a digital agency that quickly grew to a multi-million dollar operation working with brands such as AT&T, Hitachi and Lotus Cars. After 12 years of steady growth, the agency caught the attention of bigger agencies and Jason sold it in 2012. Now, Jason leads http://JasonSwenk.com, a unique media company & consultancy helping marketing agencies grow & scale their agencies faster by applying the framework that he used to grow, scale and eventually sell his agency. Jason has helped over 10,000 agencies in 23 countries meet or exceed their business goals. Jason currently hosts two shows that are available for download… The Smart Agency Master Class Podcast, dedicated to providing tactics and strategies to agency owners and decision makers that cut through the BS, focus on exactly what works and what doesn’t; and SwenkToday a daily VLOG that documents the entrepreneur journey of building another multimillion-dollar business, where he shares the latest strategies, and answers the most burning questions entrepreneurs have. SCHEDULE: MON-THUR VLOG #SwenkToday Q&A from my digital agency audience Ask me A Question http://jasonswenk.com/askswenk Podcast Wednesday: (Digital Agency Interviews) https://itunes.apple.com/us/podcast/smart-agency-masterclass-marketing/id870206013?mt=2&ls=1 or http://smartagencymasterclass.com Follow me here: Website: http://jasonswenk.com Podcast: http://smartagencymasterclass.com Facebook: http://www.facebook.com/jasonswenk Twitter: https://twitter.com/jswenk Instagram: https://www.instagram.com/jswenk Linkedin: https://www.linkedin.com/in/jasonswenk Medium: https://medium.com/@jswenk/ Soundcloud: https://soundcloud.com/jasonswenk Music by epidemicsound.com

GlobalTQM Podcast | China Sourcing + Manufacturing for E-Commerce And Retail
How to get Your Purchase Order RIGHT (Bill of Materials) | Ep. 003

GlobalTQM Podcast | China Sourcing + Manufacturing for E-Commerce And Retail

Play Episode Listen Later Aug 1, 2018 10:57


In this episode, David covers the #1 risk to your business when sourcing from China: Not specifying what you want down to the last detail. And he gives you 11-steps to overcome this risk. So you can get your goods exactly how you want them, every single time. Helpful Resources For a full transcript of this interview, visit our blog. Get a free copy of our book, China Sourcing For Startups. Book A free 15-minute consultation with our team. Subscribe To The Show On Your Favorite Podcast App Apple Podcasts Google Podcasts Spotify Breaker Castbox Overcast Pocket Casts Podbean Radio Public Stitcher Follow Us On Social Media Facebook Instagram Twitter LinkedIn

The Lien Zone Podcast: A Podcast About Construction Law, Contracts, Liens and Bonds
Do These 2 Things Before You Sign That Direct Purchase Order

The Lien Zone Podcast: A Podcast About Construction Law, Contracts, Liens and Bonds

Play Episode Listen Later Jun 7, 2018


On this episode, Alex will give you 2 tips that will make dealing with your next DPO a breeze. Alexander Barthet is a board certified construction attorney in Florida and holds a B.S. in mechanical engineering. He manages The Barthet Firm, a construction law firm in Miami, and maintains a construction law blog at www.TheLienZone.com. … + Read More The post Do These 2 Things Before You Sign That Direct Purchase Order appeared first on TheLienZone Podcast.

InSync | The Official Podcast of CoEnterprise
#7 - EDI Explained 2 - 860 (Purchase Order Change)

InSync | The Official Podcast of CoEnterprise

Play Episode Listen Later May 21, 2018 11:46


On today's episode, Joe sits down with Attila Toke (Head of Support Services) to discuss their long careers in the EDI world and the 860 EDI document, which provides context for purchase orders, as well as changes to them.

1% Better
Martin Brennan on Coaching for Results, Self-Talk, Extroversion & the Lou Tice effect – EP061

1% Better

Play Episode Listen Later May 17, 2018 73:52


Martin Brennan is the Managing Director of Proactive Management, which specialises in Management Training, Team Training, Coaching, Train the Trainer, Course Design and Accreditation. He has delivered training at Board, Senior Management, Middle Management and Operator Levels. He’s also a qualified Occupational Psychologist.I was introduced to Martin earlier this year (thanks Maria) as someone that would be a great guest on the podcast as so much of his work around coaching, values, self-improvement, setting and achieving goals align directly with what the theme of the show is. And I can 100% say he didn’t disappoint.During the conversation, Martin bring us on a journey through his 30+ year career and shares insights, stories and very valuable lessons he’s taken onboard to help him grow and develop and is now sharing these for your benefit.The one main aim I have for each episode of this show is to provide some value to you. I know I’ve taken some actionable nuggets from this show and I’m confident you will do. Also, lots of new book recommendations for list!To give you a high-level summary, here are some of the topics we discussed:Myers Briggs – Martin is an ENTJThe upside of introverts and the value they bringWhat lights Martin up the most?The work that gives him the most energyA group with a passion to achieve somethingGrowing up, working with people was always keyThe boy scouts was a great learningDeveloping a hunger for TrainingFollowing his passion after facing a redundancyStarting out on his own as corporate life getting in on Martin – time to go!Quickly found that most successful people are also nice people too!Coming from a family 14 and always being afraid of running out of money (he jokes)!Fear v Excitement – with Excitement being strongAs the Business grew, every year that past, his belief grew!Called back 98% of the time by clients he worked with previously - that's a positive signKnowing that there is no perfect moment to go out on your own in business.Learning how to Sell your skills & services with 3 tips:Have a genuine sense of your value & trade with that in mind!Ask for the Business – get to a proposal & pricing discussionBring some of your conditions to the table – don’t discount yourselfNot being afraid to ask for the Purchase Order!The Neuroses of Self-Employment – when trying to sell!Resilience and the loneliness of self-employmentThe Voice inside the head and dealing with this!Lou Tice of the Pacific Institute – self-talk, affirmations, values relative to other people. Use Self-Talk to be on your own side!The Power of Affirmations – Learn to be on your own side!Meditation and reflecting – happy v restless in your own space!The Brain moves you towards what you think about – Affirmations!Business Turning Points:Negative – losing £14500 invested in a coaching company in the UKPositive – bringing out resilience as a result of thisWorking with the IMI – Henley Diploma in Cork – making contacts hereWorking with Big Companies – pay on time & learning for free!Coaching Leaders & Emerging patterns from them:Successful people value coaching & feedback moreGetting introverts to start blow their trumpets!Experience seeing all types of leaders over the year!How his style has developed over the yearsIn the early days, thinking he had all the answersNow:Harnessing the energy from others – they have the wisdomNot having all the answers but have the energy to get themListening Better - Engage and listen from others to get the next questionsEncourage people to make up their own clichésThe power of personal clichés rather than ones from famous people!People should look closer to home for influences!Coaching v Mentoring and how it’s developed over the years!Influences & Mentors during the year!Martin’s mother as a huge influence & gave great advice:If you don’t want to lose something, don’t risk itYou can tell people that you love them, but it’s best you show it!Martin’s Brother Johnny was a huge influencer alsoLou Tice again had a huge influence on Martin – "Parents being Wizards to Children!"Techniques from Lou Tice:Flip Back & Flip Forward – Visualizing – What sense of joy or high!!Bob Savage as an influencer & friendIntuition, Decision Making and LogicIntuition and Transpersonal CoachingThe Dangers with Coaching where many people are just jumping on the bandwagon!Coaching is a privilege – don’t mess with the tools you have!Coaching Contracts, Models, Ethics, Awareness, Responsibility and MeasurementsSetting up the Contract with Clients:Becoming more AwarenessConvert this into ability to respondMeasurement Results – going in the right directionLearning from successes and failuresConfidentiality- this is huge!Risk StrategiesValues and how to identify core values – tools to useValue Proposition & Vision – Look at strengthsAsk 3 people what they think of you!Advice – ensure clients tell their wives or partners that they’re going through coaching as it can result in a change in the personalityHow to Measure Coaching Value – Qualitative and QuantitativeQuick Q&A towards the end:Typical Day & WeekHow to hold yourself accountableHaving a Passion and Discipline in BusinessWork Life BalanceStress Management over the years – learning how to manage thisBest piece of advice you’ve ever been given!Success – Freedom & Helping PeopleBook Recommendations (links on the website www.robofthegreen.ie/books)Lou Tice – Smart Talk for Achieving Your PotentialEric Byrne – Games People Play (Transactional Analysis)The 48 Laws of PowerProof of Heaven – Eben AlexanderConnect in with MartinWebsite - Proactive Management - https://alwaysproactive.com/Martin on LinkedIn - https://www.linkedin.com/in/martin-brennan-48a73488/Just a quick note to say thanks for listening. There are a lot of podcasts to choose from and you picking this one means a lot to me. I know that sounds like a cheese-ball thing to say, but it’s true! I’m enjoying creating these shows, learning from them and I’m hoping that you are too.To help me make the show even better, I wand & need your help. Your feedback is essential. So, please take a few minutes to get in touch (links below, or subscribe on iTunes and leave a rating or review).If you liked this episode, share out the link via one of the socials. It will help me reach a bigger audience. If One Person gets something from the Episode that makes them 1% Better, I’ll be a happy man.Finally, if you really love the show, and really want me to take it to the next level, I’ve set up a Patreon site where you pledge some financial support. That would be awesome. You will also get exclusive access to upcoming podcasts and article posts that are just for those that are Patreons.Connect in with Rob on the socials or via email on:Email    Twitter   Facebook   WebsiteSubscribe to the Rob of the Green Newsletter on the www.robofthegreen.ie website

The Quiet Light Podcast
How You Can Double Your Amazon Revenue with Vendor Central

The Quiet Light Podcast

Play Episode Listen Later May 16, 2018 41:15


In the last six years I (Joe) have only had two people tell me that Vendor Central is a great opportunity for Amazon sellers to grow their business. The first was at IRCE in Chicago in 2015 when an ex-Amazon Vendor Central executive told me his view of Vendor Central. The next time – was on this podcast. Both opinions were very favorable! And you know…I believe them both. If I owned an Amazon FBA business or was purchasing one, I would look very closely at Vendor Central and at least test it out with a SKU or two. That's right – you do not have to make the leap of faith with Vendor Central. At least not any more. According to our guest expert, Fahim Naim, Vendor Central is a viable option that most Seller Central sellers should consider. He openly states it is not for everyone, yet he took his first client from $4,000,000 in Q4 revenues to $16,000,000 by expanding the customer reach using the Vendor Central tools. Do I need to say more? Yes (apparently)…you do not need to be selling 4m per quarter to make Vendor Central work for you. Listen to Fahim's expert advice and make your own decision, it could be the best investment of time you have ever made. Episode Highlights: Hear firsthand how Fahim's Clients have done when engaging with Vendor Central. You don't have to make a “leap of faith” and leave Seller Central. If you haven't gotten an invite to Vendor Central – find your representative and contact them. Learn how to get more attention from a hugely overwhelmed Amazon representative. Vendor Central is not right for every product or seller. Some categories are more competitive and require higher volumes to be accepted to Vendor Central. Vendor Central is not just for brands…distributors can use it as well. “Seller Central” on steroids…that is what Vendor Central is. Links: www.eshopportunity.com LinkedIn: https://www.linkedin.com/in/fahimnaim/ 10 Tips When Considering Vendor Central Transcription: Mark: Joe how are you? Joe: I'm doing great Mark. How are you, sir? Mark: Good, good I heard you explored the depths of the mysterious Vendor Central recently? Joe: Yeah. Listen, the good, the bad, the great Amazon sellers that we know…that we've talked to over the last decade for the vast majority they all say no way don't lose control to Vendor Central, don't do it, don't do it. When you when I went to IRCE in Chicago in 2015 I talked to somebody that was an ex-Amazon Vendor Central manager, he's the first person that ever told me that it was great and that he could double somebodies business using vendor Central and I believed him. We never reconnected afterwards; this guest today is the second one. His name is Fahim Naim, he's from…originally he was an Amazon Category Manager and he left and went and started his own company called ‎eShopportunity. And he gave me one example and this is a huge one so don't get scared away if you're doing $50,000 a month in revenue listeners. His first client he took and quadrupled the revenue in Q4 alone by using Vendor Central Tools. So he took it from 4 million dollars a quarter to 16 million by using Vendor Central. Mark: Oh wow, a huge growth. Joe: So that alone is reason enough to listen. And as firsthand information from somebody that's actually done it, and seen it, and uses it services and he's quite honest and open about it. It's not for everyone and it's not take a leap of faith and you no longer run Seller Central anymore. It used to be that way and I think that's why people feared it. He's got some great ideas on how to take just one skew and test it out and slowly move over and things of that nature. I'll make a whole lot of sense if I were a seller, if I were a buyer, I would very very closely at Seller Central. Mark: Fantastic. Well, I can't wait to get into this before we get into the episode though I'm going to make a public plea to the listeners out there. I want to know what conferences you guys go to because we like to go to conferences. We'd like to meet you so send me an e-mail at mark@quietlightbrokerage.com with your favorite conferences to go to throughout the year and I know that's completely unrelated to what we were just talking about but you mentioned the IRCE and it just sort of triggered that. All right with that, I'm actually anxious to hear this because like you I've heard the same sort of feedback from most Amazon Sellers. They're saying no way, I don't want to do it but it's really hard to ignore quadrupling revenues by jumping over there so let's get into the episode and hear what he has to say. Joe: Hey folks it's Joe with Quiet Light Brokerage and today I've got Fahim Naim with me on the call today. How are you Fahim? Fahim: Wonderful how about yourself? Joe: I'm doing good man. Welcome to Quiet Light Podcast. Listen, you've got a ton of experience from being at Amazon as a Category Manager and now running eShopportunity I was going to try to do the intro and talk about you a little bit but I just want to make sure it's done right. So if you could brag about yourself a little bit, tell everybody that's listening about your experience in e-commerce world, then Amazon, and now at eShopportunity that. Fahim: Wonderful. I was previously a Category Manager at Amazon, managed one of largest category at Amazon retail, managed a team of vendor managers, and one of the categories in Consumer Electronics, super sexy stuff like computer components and portfolios and things that are going to computers; very exhilarating as you can tell. Joe: That's exciting, yes. Fahim: All jokes aside it was tons of fun, it was over a half billion dollar business, they booked to double the size of my category while I was at Amazon even though the market was flat. Had a fantastic time but ultimately made the decision to leave and start my own venture. I started eShopportunity about a few years back, we wanted to help companies grow and be on the other side of the table of some of those conversations that happened at Amazon. Started off with one initial brand, hard time, we grew his Q4 business from four million dollars to 17 million dollars that year eventhough he's been set in declining he was excited, introduced me to a couple of other brands, I started tailing the team and I guess fast forward about three years we've worked with over a hundred brands to date. Some fortune 500 brands, some brands we've seen a shark tank, a bunch of startups and companies in between. Either brands that had been on Amazon for a while but really wanted to take it to the next level. Brands that have had successful businesses off of Amazon and finally wanted to launch on Amazon or a [inaudible 0:05:06.5] of the type. Joe: That's an impressive resume. You took somebody from four million to 17 million and he was only excited? I would think it'd be ecstatic. Fahim: He was probably more excited when we went on the phone. I think he did a good job keeping his poker face that I'd imagine based out of his expectations when we started he threw a pie in the sky number saying if you help me go to twenty million this quarter that would be beyond real and I was pretty angry that we fell just short of it. So my take is probably a little bit different than his. I was hoping that we could get to 20 and again his Q4 business the previous year was maybe…it was about flat to where he was that year so it was a…he had some phenomenal growth and the good news is that after I checked in whenever the project concluded the business had continued to grow. So I think a lot of Amazon is how do you start the right foundation, how do you get the things clicking, and then organically if you're doing the right things and you [inaudible 0:06:07.9] screwing up which is probably easier said than done you see that your business continues to scale which is obviously great for the business owner's standpoint. Joe: Right. Now you mentioned you manage a team of vendors and Mark and I talked in the intro about Vendor Central, you and I are here to talk today mostly about Vendor Central and your expertise in that area and why some people should start paying attention to it. As I told you I don't think I've talked to a single Amazon seller that has a seller account whether they're doing fifty thousand a month or a million or two or three or four million dollars a month in revenue, they all say there's no way I'm giving up control to Vendor Central, absolutely not and there's a huge paranoia about it. The only time I've ever heard that is a good thing is from you and from someone else that I met at IRCE in 2015. Tell us if you will with the basics what's the difference between Seller Central and Vendor Central and then let's get in to the details of Vendor Central and who's a good candidate for it and how you can help somebody grow their business by using it or how anybody that chooses to use it can use the cheat sheet that you and I have talked about that we're going to share in the notes and to go ahead and do it themselves if they want to go that route, the difference between the two as well. Fahim: Well first off, Vendor Central is often treated as a red-headed stepchild, people not very optimistic based off of what they've heard in the seller communities especially. I'm in the forums, at speaker conferences, I do a fair amount of publishing and I've similarly heard a couple of things. One is I think that's a misinformation that hopefully we will dispel at least a certain degree in just doing this podcast and some of it is probably warranted. I think the decision between Seller Central and Vendor Central depends so much on the specific details of that brand that anybody who says hands down this platform is better than that platform is probably doing you a disservice in that Seller Central certainly has some benefits, Vendor Central has some benefits. Back to the matter as most of the largest brands or the businesses that are doing the most amount of volume on Amazon all have Vendor Central. It seems to be working for people that are growing very quickly and have larger business. Yes there's probably some bias on it that a lot of those are large companies anyways and are Fortune 500 brands that sell across the board but I can't tell you the number of times we've taken a brand and got their business from a let's say a couple of hundred thousand, two or three hundred thousand dollars on Seller Central per month and got that business grow up three or four X when they made the transition to Vendor Central when all things align. Things don't always align and again we delve with the details and we'd get to that but there is certainly an opportunity. If you want to scale your business and become a five, 10, 15, 20 million dollar brand on Amazon and more, Vendor Central offers you a set of tools that are much tougher to get to than Seller Central or possibly not even available to Seller Central. So to answer your question more specifically, Seller Central you do have more control, direct control of the pricing and inventory. Seller Central they're starting to open up some of the things that used to be available just to vendors, things like A+ Content like me deals, catch deals. headline search, so certainly this becomes this a little more parity to come into the seller part [inaudible 0:09:29.8] but when you sell your products directly to Amazon Wholesale, a couple of things, one is it's not you sell it to Amazon and then take care of the rest of it. It's very similar to Seller Central in that you get a tool kit that you can use to grow your business but it's not Amazon's going to optimize your pages, Amazon's gonna run all these ads for you, Amazon's gonna give you higher search results and check out what the right pricing is for you and run promotions by themselves etcetera. Vendor Central is very similar to Seller Central in that it's how much you put in to it and you have access to tools in Vendor Central in many cases that you may not have access to on Seller Central. For example, let's talk about deals, lightning deals on Seller Central are recommended only and even that just we can't go build on the last year to; at the Vendor, you can submit a proposal. It doesn't mean it will always get approved but you can submit and be a lot more proactive on lightning deal on Vendor Central. There is something called Best Deals which most people on Seller Central don't have access to unless you have an account manager that's idea that you show up on Today's Deals Page which is the most popular page on Amazon after the homepage. And you can run a deal for up to two to even four weeks but they with less aggressive discount at the Lightning Deal. In many cases, Best Deals has been phenomenal for [inaudible 0:10:47.8] that's another option. Coupons just became available to Seller Central until a couple of months ago that had been a popular program that many vendors have utilized for a long time. Subscribe and Save Again started on Vendor Central before it became available on Seller Central. Programs like Amazon Prime Now, Amazon Fresh, Prime Pantry are primarily not exclusively focused on Vendor facing brands so that's another example. If you want to be on the homepage of the furniture page on Amazon to be…go to navigations click on Amazon Furniture Amazon Computers Components and Peripherals and there's a lot of people that search for products that way, most of those placements are available for vendors only. If you want to be on Gift Guide and Amazon has done a great job over the last couple of years holding some excitement over this idea of having a holiday gift guide we can browse through products. Because Amazon obviously has been a great place to shop if you know what you want, it hasn't been ideal if you want to browse for things and Amazon has [inaudible 0:11:46.8] most if not all the brands in many of the gift guides or vendor. So again there is a unique set of tools that vendors have of or have access to. That set is certainly not all rosy; things get a lot more complicated. You have a little bit less direct control on inventory, you get a weekly purchase sorted that Amazon cuts every week and that's the amount that you can send tens and more. You could send less although that's probably not a good idea unless you don't have inventory- [crosstalk] Joe: So you…holding on right there in terms of that inventory because as I know as people are listening to us they've probably written down twenty questions there hoping I asked. Let's just talk about that inventory for a minute. So many Amazon Seller Central folks send money to inventory directly from their manufacturer to Amazon, in this case do Vendor Central folks have to have a 3PL where they store the inventory in between and ship on a regular basis? Fahim: That's what most people do. There are some variants where you can get around that. Amazon and on the Vendor Central site has a direct import program where you can import all of your inventory likely from Asia directly to Amazon. Not the easiest thing to work with setup to be transcribed but certainly exists and I know some brands that have done well with that. I think the vast majority of brands on Vendor Central either have their own 3PL or use a separate 3PL to fulfill those orders. And in some cases, you could do a little bit of both. You can have some inventory and multiple warehouses and you get PO's from different warehouses and you have to send it to different places. So there is some level of flexibility although it tends to get a lot more complicated on how this passes works in Seller Central. Seller Central, I want to send 500 units I go on create a shipment, it will tell me what [inaudible 0:13:33.3] I want to use, I even have the option in inventory placement service dependent to just [inaudible 0:13:37.8] and I'm done. And then Amazon manages all the interactive shipments, Vendor Central doesn't- Joe: [inaudible 0:13:43.2] for [inaudible 0:13:44.0] center right? Fahim: Correct. On the Vendor Central- Joe: [inaudible 0:13:47.2] Fahim: Yes, no that's good. Stop me because I live in acronym words so if you will- Joe: Okay. Fahim: It's good to get clarity. On Vendor Central when you get a weekly Purchase Order or PO they can have you send it to eight or nine [inaudible 0:14:03.0] but sometimes less, sometimes more. So the process again works all over differently, for some brand that's not a big deal and for some brands that's probably a little bit more complex and they want to be…especially early on in the lifecycle of the business. Joe: Okay, so you just used the word brands this is in assumption maybe everybody already knows this or is thinking this that Vendor Central is really for brands, not resellers simple? Fahim: Yes or no, I think primarily most of the brand…most of the companies that are on their own brands. There are a good number of distributors that also have Vendor Central accounts. Some of the largest, most of the large distributors or many of the large distributors have Vendor Central accounts and they supply directly at Amazon. And even if you are a brand meaning manufacturer and you sell to Amazon, if Amazon consorts your product cheaper to a distributor they'll buy from the distributor in many cases. And that sometimes business pisses off brands but yes you…it could be either in the context of a lot of things I'm talking about I'm probably talking more down the brand manufacturer route but you, to answer your question you could be a distributor and have a Vendor Central account and you could be the company that's been selling Purchase Orders from a variety of different brands or distributor. I know some distributors that are doing 10, 20, 30 different vendors, different selling inventories for 10, 20, 30 different vendors- Joe: Okay. Fahim: That are not exactly their brand. Joe: Well the fear that I think a lot of the brand owners have that I speak with is that they lose control and going back to that you mentioned it they don't lose control. They still have control, they can…can they write their copy? Can they work on their keywords? Can they send organic traffic to it? Can they…and then do all of those discounts and promotions you talked about as well is it essentially Seller Central on steroids where they've just got access to more things? Fahim: I like that. I like the Seller Central on steroids, I'm [inaudible 0:15:58.2]. Yes, it's…I would argue, you probably have more control on Vendor Central than Seller Central. [inaudible 0:16:04.0] common that very often even if you're a brand registered on Seller Central, I hear it all the time brands say somebody changed my copy, somebody changed my picture, somebody changed my variation, even if you are the brand owner and you're on Seller Central there's a brand hierarchy in terms of who owns [inaudible 0:16:20.9] page edits and at the top of the list is vendors. So anybody who has an Amazon Vendor Central account has ultimate [inaudible 0:16:28.4] goes on. Even if you are the brand owner and you have a Seller Central account and you have brand registry but the distributor is selling that to Amazon and they have a vendor account, they actually have ownership over that page copy. In most cases over the brand that's on Seller Central. So I'd say you can change titles, you can change bullets, you can update images, it actually works much easier on Vendor Central than Seller Central. At Seller Central sometimes doing things like variations could be fairly complex with Vendor Central it could be as easy as a ticket and somebody would do it for you. Images similarly the turnaround time of Vendor Central is pretty good but ultimately up to you have at least as much control probably more control over your page copy, and content, and landing on Vendor Central than Seller Central. Joe: And then all of the other things that Seller Central folks do whether it's striving outside traffic, keyword optimization, discounts, reviews, YouTube social media reviewers that are talking about and driving traffic to that Amazon page they can do the same thing it's just an Amazon vendor page correct? Fahim: Correct. You can do all that and to the average customer, they can't tell the difference of a vendor and reseller. Joe: Okay. Fahim: Most people don't even realize it so yes it works the same way. You can send X number of traffic, you can run discounts, you can run promotions, all of the same- Joe: Okay. Fahim: As both cases the same way at Seller Central. Joe: Is…I mean we've got people that you know if they're doing a million dollars a month and running a lifestyle business meaning they've got some VA's and they work from home part time they don't want to really risk very much. There's no sense in going I'm going to just lose that million a month and I'm going to jump into Vendor Central. Tell us about if they're doing Seller Central what the leap is from Seller Central to Vendor Central? So they have to shut down the Seller account and then open Vendor or can they have both running simultaneously, is it a one way street? Talk to us from that perspective as if you were that guy running a lifestyle business making a million dollars in revenue on a monthly basis. Fahim: A couple of things, if I were running a lifestyle business and I was happy at my current run rate and didn't want to…if I was more risk averse I'd potentially keep it as is. If I wanted to grow that business and take it to next level I think Vendor Central becomes a lot more interesting. Joe: What's the risk part in terms of Vendor versus Seller? You said risk- Fahim: Well you know- Joe: More riskier? Fahim: Yeah if you're risk averse you already know what to expect, you know how to manage everything as the current process that takes on Seller Central. When you transition to Vendor things change. Typically for the better if everything aligns. But the way pricing works changes, the way pricing should work certainly changes, the way inventory fulfillment work changes etcetera, etcetera. At the end of the day once you get on boarded and in most cases not all cases but in most cases you do a good job in negotiating with your inventory manager which we'll talk about a couple seconds but imagine on your terms and you are not paying that net much more on Vendor Central than Seller Central I think there's a little bit less [inaudible 0:19:35.3]. If you are going into a category where your net margin expectations from Amazon is severely higher on Vendor Central than Seller Central there could be some risk that at the same amount of volume Amazon is taking a bigger cut of that. So I think there are some nuances but I think the risk is the unknown and it's a new process and you have to manage that. Joe: And do you have to shut down your Seller account or to open the Vendor Central obviously that it's not you lose days or weeks of revenue, I would assume that its very seamless. Fahm: It's semi-seamless. Amazon has changed their stance on this on the last couple of years. A couple of years ago it [inaudible 0:20:14.6] have both a Vendor and Seller Central account. And in many categories now and the Vendor Manager technically has the ability to shut down your Seller Central account if they want to. If you were doing anything to really damage your Vendor Central business, there's officially a clause that says if you sale wholesale and you have a Vendor account that they can shut down your Seller Central account. I actually haven't seen that happen although I've seen some threats but that exists for a couple of good reasons. In the last couple of years, Vendor Managers and teams at Amazon have been a lot more open to the idea of having both but being strategic about it. The idea is the Vendor Manager owns the retail or what they would call the retail part of the [inaudible 0:20:54.5] and Seller Central is almost a competitor to that Vendor Manager. And they do that to keep more competition on the platform so better for that costumer at the end of the day. So the Vendor Manager doesn't get a lot of benefit when you have a Seller Central account. If you're competing on the same skew and you have lower prices on your Seller Central it actually hurts this plus on the metrics, they're out of stock, their loss by box, a bunch of their metrics or sales are going to be a lot lower here. What many brands do today, they do which…a little bit more strategically with is I'm gonna have both the Vendor and the Seller Central account, I'm going to do some skews on Vendor Central to start. I'm gonna keep some skews on Seller Central to start and see how that process goes. Depending on how close that brand is with the Vendor Manager that person may push to get more and more of the catalog from Seller Central to Vendor Central. But think of it as like you're negotiating with a buyer at Walmart, or Best Buy, or Target, there is a lot of negotiation that goes back and forth. So maybe you decide that it's not a good idea to transition your entire catalog or maybe things are going so well and you want to everything overnight. I think that's where it's a very personal decision. For many brands the way they started, they open a Vendor Central account, get a couple of skews on Vendor Central, get used to the process and things work a little differently. One thing we should mention is pricing because a lot of people worry and I hear this misconception a lot that Amazon will lower your prices and you lose control of it. It's not really true, and what Amazon's pricing and there's certain things that I'm allowed to say and not allowed to say. Ultimately, Amazon [inaudible 0:22:23.6] in a game of let's proactively lower your price so we can sell more inventory and create a price war in the market. That's not Amazon's idea, that's actually what a ton of other retailers do and I can tell you firsthand many of the big box retailers like to put things on the go back and promotion and discount pricing. On Amazon Vendor Central if you have control over your pricing in the market, so externally and third party wise there's nobody undercutting your price, you have a lot more control on the pricing than many people think. Joe: And most of the cases I think the people listening to this podcast, they own their brand and they do not sell it to distributors so it's not going to be an issue. They're the sole person or company selling that brand so- Fahim: Yup. Joe: They're going to get their wholesale price from Amazon anyway. It doesn't really matter if the Amazon decides to sell it for two dollars above they're still going to get their wholesale price from Amazon correct? Fahim: Yes but it's a dangerous way to look at it because let's do an example. Let's say you're selling the gross sales price of [inaudible 0:23:24.6] but the price the customer pays is 20$ and I'm just making up some numbers. The price that you sell it to Amazon is 16$ net of all cost and whatnot. If you then have somebody selling your product on third party or let's say externally at Target. You have a small assortment that Target decides to lower that to 18$ or let's call it 17$, Amazon will match this 17$ likely and in your mind, you may say you know it doesn't matter Amazon paid me- Joe: [inaudible 0:23:55.9] they're not gonna buy any from you again obviously it has to be profitable. Fahim: Exactly. Joe: Yeah what I was referring to is that most of the people I think listening to this podcast are not selling to Target and Walmart retail big boxes display. I really like the idea for I just want to repeat it that you don't have to take a leap of faith from Seller Central to Vendor Central. You pick a couple of skews and you test Vendor Central with that. And you talked about negotiating with Vendor Central, do you actually get to talk to a live person and have that one person as your contracted contact, your trackling? For those that are not watching this on YouTube he smiled and he looked up to the left going oh my God could I tell you some stories I think, don't but is it a human that you get to talk to or is it email? Fahim: It depends, like with everything else it depends. There is a human that lives behind the desk that ultimately manages that and the team that manages that. It depends on if you're able to get a hold of that person. So sometimes the Vendor Manager is a lot more proactive especially for brands that have a larger business whether on Seller Central or externally and the Vendor Manager or somebody on that team reaches out and you have that direct line of contact. Sometimes people find the Vendor Manager Buyer on LinkedIn then and they start a relationship [inaudible 0:25:18.6]. That way sometimes a leverage, consultants and agents and people like myself, I get a hold of the buyer and broker a meeting and start some of those conversations, and many times the invite comes from a separate team. We get on boarded to Vendor Central and your business is not large enough in the eyes of the buyers [inaudible 0:25:38.1] you get a whole lot of time and attention. And you're often told to use Vendor Central's tools and file tickets to get answers so it does depend on the brand some of the brands that we work with…some of the larger brands or brands that more potential has better chances of getting some of that one on one relationships with the buyers. And some brands especially when they're earlier on their business isn't fully at scale form an Amazon perspective. They're often told to use Vendor Central, file tickets and try to leverage from the automated processes that exist. So it's possible but- Joe: Let's talk about that then. Two points, number one I want to hear your top negotiating tactic with vendor Central that you want to share with people today. Number two, maybe start with number two, size wise when…how big does a brand have to be in terms of let's just say that I'm going to peel off a couple of skews again what kind of revenue does that have to be producing in Seller Central to make a difference to the point when I can actually negotiate your top negotiating tactic? So if somebody is doing 50,000 $ a month is that enough, if they're doing 25 is that enough, do they need to be doing a hundred, what's the number? Fahim: It differs so widely by category as you can imagine. I'd say generally a lot of times I put the benchmark growth sales you want to be doing over a million dollars a year that will probably get the attention of the Vendor Manager. Again, it differs; if you're in a category, a huge consumer electronics category that number may need to be five million annual gross sales, if you're in a growing category, if you're in help and personal care, if you're in grocery, if you're in passion that number may end up being even lower than one million dollars. But I would say if you're doing less than a couple hundred thousand dollars annually on Amazon it's probably a lot of low hanging fruit to scale your business from Seller Central initially. If you're already doing north of a million plus dollars annually on Amazon then it depends on your category, it depends on your ranking and how big you are as a portion of that catalog but certainly the bigger your business the higher the likelier that you're gonna get the ear and the attention of that Vendor Manager. If you're doing some 10 million dollars annually in almost any category the Vendor Manager should not always does but should want to convert your business. Figure out how they can scale your business and they have tools again that you wouldn't have in the [inaudible 0:28:09.7]. So they really could if they wanted to help you grow that 10 million dollar business to be 15 or 20 million fairly quickly. Which is doing that on Seller Central is certainly possible but it's almost like you have one hand behind your back because you don't have access to the same set of tools. Joe: All right tell me about the negotiating tactics you and I have talked about. You're gonna create a little cheat sheet it's in the notes for people to download in terms of top negotiating tactics with Vendor Central. Can you give me one or two that we can share with folks? And I know it's going to be…it's going to depend upon the category and all that but throw something out. Fahim: Yeah, take them to dinner create a- Joe: Take them to dinner? Fahim: Yup take them to dinner or when you go to Amazon [inaudible 0:28:50.3] you want to create a relationship with that person and treat it like you are sitting from their side what do you want to hear. So it's less complaining and demanding it's more this is what I've been able to do so far I know you have the tools to help me really grow this business, I want my brand to be a big part of your business- Joe: You're not gonna say what I tell every buyer which is just be likeable. The more likable you are the more people are going to work with you is that? I mean this is part of the secret [inaudible 0:29:17.6] likeable? Fahim: I think that's certainly some part of it. I mean I think in the context of the conversation put yourself in their shoes again and why should they…this person literally has thousands of brands that technically fall under them. Why should they spend some time trying to invest in you? And being likeable certainly a part of it explaining why your brand has a big opportunity. Whether that's your growth rate on Amazon, whether that's things that you've done off of Amazon, whether that's new products that are coming on, whether that's quest and things that you've been able to capture externally, make them care. The more they care about it and certainly it helps if you likeable, although that's not always the case, the more that person is gonna want to invest in it. This person literally has to make a…there's not enough hours in the day for the Vendor Manager to keep everybody happy. And I know now being on both sides of the table how difficult that job can be and it can be very frustrating from a brand's perspective. But every day as a Vendor Manager you have to pick who are the 95% of people I'm going to piss off by not answering them by giving them the time of the day. Just because they have so many things going on and by creating a relationship, by understanding what they need, by taking care of the easy things yourself and not bothering them with things that you can complete by yourself by filing tickets on Vendor Central you're certainly gonna increase the chance that that person is going to invest in you. If they feel like their time on the phone with you, or in meetings, or doing annual planning meeting from Seattle, or meeting at trade show is valuable and they're actually helping you grow the business they're going to want to invest more. If most of the time you're talking to them it's about I filed this ticket and it's not working, or can you help me with this bank account issue, or I can't figure out why this [inaudible 0:31:06.8] of a thing is not working that person's again going to be stretched up and the answer is probably going to be file a ticket, reach out to somebody on Vendor Central anyway. So I think the more you can keep the picture on the long term and understand there's going to be some bumps along the road the better the chances that that buyer is going to want to invest in this relationship. So nothing, no silver bullet except for be likable, think about long term, think about it from that person's perspective. Joe: Got it, geographically where are you located? Fahim: In San Francisco and I spend my time in Texas as well. But between San Francisco and Texas. Joe: And the vendors, the Vendor Central Managers are they all up in Seattle, are they located around the country, where are they? Fahim: For the most part, most of the Vendor Managers are in Seattle yup. Joe: Okay and if someone wants to learn the basics of Vendor Central to make sure that they're understanding it as much as they can, is vendor Central on Amazon.com? The best resource and knowledge base to learn the basics out there or is there another resource that you'd suggest? Fahim: Vendor, so there's certainly less and this is a little bit frustrating I think for brands, there's less information about Vendor Central than there is for Seller Central externally, there is lot of tutorials, there's a lot of training, there's a lot of information, there's Seller Central's forums etcetera that exists for Seller Central and not a lot for Vendor Central. There is a lot of information on Vendor Central if you get an invite. The help section has tons and tons of guides probably not [inaudible 0:32:33.5] to go through all the different guides. So it's a little bit [inaudible 0:32:36.0] by fire. I would certainly spend a little bit more time on the operations and figuring out how inventory management works and if you want EDI support and what that looks like and managing that part of the process early on and getting a feel for it. There are some pretty good documents on Vendor Central again but they're pretty long and exhausting. So I think you have to scour Vendor Central support, talk to other brands that are on Vendor Central potentially, pop in to the Vendor Manager and kind of just learn by doing. The good news is that you- Joe: Sounds like there's a [inaudible 0:33:11.0] in the making here. Somebody should be creating [inaudible 0:33:13.7] and teaching Vendor Central. Fahim: Yup. Joe: And you and I get a royalty for that right? Now it's just an idea. Fahim: I like the idea. Joe: It's just an idea. Now, okay this is just a theory but I want to hear what you would say and this is really not just for sellers but it's for buyers of Amazon businesses. We're running short on time so I'm gonna just say I'm launching a listing this is all theory quote unquote for air quotes for those not watching, it's going out next week, the brand has been around for about three years growing quite rapidly, there's 12 skews and 60 variations doing about 1.3 million dollars in revenue in the trailing 12 months and there is a design patent on the product as well; Seller Central only. I'm going to come to you or I'm going to try to figure out Vendor Central myself. It's in a category of well I can't really say what it's in but it's not in a massive category with tons and tons competition. It's just something that you'd look at me if we were having a beer right now you'd say, Joe, you're nuts not to look at Vendor Central. Fahim: Potentially I think you could I mean within your interest to evaluate it. So maybe you're nuts if you're not thinking about it and evaluate it. Not necessarily that it's the right decision but you need to start doing your homework to figure out if it is. And the interesting thing is it may not be right now, it may be next year or maybe six months from now. But I think if you'd simply wrote it off and say it's too complicated I don't want to do it then I'll tell you're nuts. If you said I looked at it here's the pros here's the cons, ultimately Seller Central makes a lot more sense then I think you're doing exactly what you should do. Joe: What's the first step in evaluating it? Fahim: Getting the invite. So Vendor Express used to exist and fortunately that platform is retiring in this month. It was the idea that you can sign up…anybody can sign up to be a vendor on Amazon through this Vendor Express platform and you get a lot of the same tools, not everything, but a lot of the same tools with Vendor Central. Vendor Central is an invite only platform so you need to get invite from somebody at Amazon. Whether that's your category manager or there's a selection team or somebody who lives within that retail team. So it's tough to get a lot of information until you actually get that invite because when it comes down to look to your total margin, and what is this going to look like, what's your payment terms, you don't get that information until you get the invite. So I'll tell you the first step is starting to figure out who your Vendor Manager is and starting to have some conversation. Before that I think you could probably do some level of research and see other brands in your category; how many of them are vendors, how many of them are sellers. If you are continuously being ranked in the top 20 but never in the top 10 for your category look at…you should be looking at who those top 20 are on a regular basis, what are the brands, what are the skews, what are they doing that you're not doing. And if you find that 80% of them seem to be vendors and they have access to much better A+ content than you have and videos and they're all over holiday gift guides and you see them all over Today's Deal page, and they're getting Deals of the Day, and they're on Amazon Prime or Fresh and what not then I'd certainly be keeping that at mind. If you look at the list and say nobody's doing any of that everybody has the same tools as me, maybe you come out and say I'm not getting hurt or maybe you'd say there is an opportunity just for the go. So I get…prior to getting the invite and having a conversation certainly wanting to understand what you're dynamics are. I've seen categories like luxury beauty for example, where the vast majority of brands [inaudible 0:36:40.0] are vendors. And again it's because of a variety of different tools that they have access to that are not on the Sellers Central side. So in that category if you're a brand that wanted to do north of a million or two million dollars a year I would probably very heavily consider Vendor Central and start looking into the process of figuring out who the buyer is and what can I offer and how do I get a hold of them and what would this look like for example. So I think unfortunately there's not a whole lot of prep and information out there on exactly what your margins and your…would be ahead of time and some of those other details and how much inventory they're going to order or anything like that until you actually get the invite so just the first process is research, second process is find out who the Vendor Manager is, where you could get an invite off. Joe: Yeah if you can find out who your Vendor Manager is through LinkedIn or however you might be able to strike up communications and get that invite if need be. This may be a simple question but how do I look at Amazon and find a competitor and tell if they're Seller Central or Vendor Central, is there an obvious way? Fahim: So if you're going through a listing and you look under the price there's three different options that you'll see one of them for ships from and sold by Amazon.com, one of them will say sold by ABC and fulfilled by Amazon.com, and the third one will say ships from and sold by ABC.com. Joe: Gotcha. Fahim: The third one which says ships from and sold is a seller who is also doing their own fulfillment, most cases are not Prime eligible unless they're [inaudible 0:38:09.8] prime. The second option when it says sold by ABC.com and fulfilled by Amazon means they're a seller that's [inaudible 0:38:17.7]. And the first one that says ships from and sold by Amazon.com means that Amazon is buying that. In most cases that means that brand has a Vendor Central account but again there could be a case where the brand actually doesn't sell to Amazon but a distributor does. But either way that is what they would call retail or Vendor Inventory is a ships from and sold by Amazon.com. And a final tidbit is there's been a lot of research done that shows that it differs by category but customers have more [inaudible 0:38:49.4] when it that ships from and sold by Amazon.com and conversion could be significantly higher even than an FBA listing. Certainly, both a retail and FBA listing would have higher conversion than something that's not Prime eligible than something that's not SFP but in some categories I've heard the conversion could be 30-50% higher, all else equal for something that's been shipped from and sold by Amazon.com. Not all customers understand the difference but people are becoming a little more savvy and if you're on the fence and you say I've never heard of this brand but if Amazon is buying it it's a little bit easier. But [inaudible 0:39:23.7] work a little bit easier because the brand doesn't even need to get involved. I can just reach out to Amazon Customer Service, sometimes that's the difference [inaudible 0:39:30.9] when somebody is making a difference. Joe: I hadn't even thought of that conversion rate on things 30, 40% percent maybe that's just even if you divide by four and you get a 10% bump. That's a pretty big bump for a lot of people that are listening today. Well, listen Fahim you've been great, we're running out of time I know you're gonna put together a cheat sheet for negotiating with the Vendor Central, maybe you can throw in some links there for any place that people can learn about Vendor Central. You'll share some details about eShopportunity as well and how do people find you if they are listening to this now and are driving down the street and they don't want to go to the notes. How do they find you right now? Fahim: Probably the easiest way is going on eShopportunity.com and there's a contact us form. I also do go to a bunch of conferences so oftentimes I meet and talk to brands there. I'll be at IRCE, I'm the Chairman of the Amazon conference for this year so I'll be around all day so if anybody would love to have a conversation in person that's certainly possible as well. Joe: Fantastic. Man, you've been great I appreciate it. You've cleared up a lot of things I think a lot of people are gonna ask a lot more questions and hopefully look at Vendor Central more realistically both sellers of businesses and those that are investing in them to help take it to the next level. Appreciate your time, thank you so much. Fahim: Absolutely. Thanks, Joe, wonderful time. Thank you. Joe: Talk to you soon. Thanks for listening to another episode of the Quiet Light Podcast for more resources from this episode head over to quietlightbrokerage.com. If you're enjoying the show please leave a rating and review in iTunes, this helps share the messages from the show with more business owners like you.    

1% Better
Martin Brennan on Coaching for Results, Self-Talk, Extroversion & the Lou Tice effect – EP061

1% Better

Play Episode Listen Later May 16, 2018 73:52


Martin Brennan is the Managing Director of Proactive Management, which specialises in Management Training, Team Training, Coaching, Train the Trainer, Course Design and Accreditation. He has delivered training at Board, Senior Management, Middle Management and Operator Levels. He’s also a qualified Occupational Psychologist.I was introduced to Martin earlier this year (thanks Maria) as someone that would be a great guest on the podcast as so much of his work around coaching, values, self-improvement, setting and achieving goals align directly with what the theme of the show is. And I can 100% say he didn’t disappoint.During the conversation, Martin bring us on a journey through his 30+ year career and shares insights, stories and very valuable lessons he’s taken onboard to help him grow and develop and is now sharing these for your benefit.The one main aim I have for each episode of this show is to provide some value to you. I know I’ve taken some actionable nuggets from this show and I’m confident you will do. Also, lots of new book recommendations for list!To give you a high-level summary, here are some of the topics we discussed:Myers Briggs – Martin is an ENTJThe upside of introverts and the value they bringWhat lights Martin up the most?The work that gives him the most energyA group with a passion to achieve somethingGrowing up, working with people was always keyThe boy scouts was a great learningDeveloping a hunger for TrainingFollowing his passion after facing a redundancyStarting out on his own as corporate life getting in on Martin – time to go!Quickly found that most successful people are also nice people too!Coming from a family 14 and always being afraid of running out of money (he jokes)!Fear v Excitement – with Excitement being strongAs the Business grew, every year that past, his belief grew!Called back 98% of the time by clients he worked with previously - that's a positive signKnowing that there is no perfect moment to go out on your own in business.Learning how to Sell your skills & services with 3 tips:Have a genuine sense of your value & trade with that in mind!Ask for the Business – get to a proposal & pricing discussionBring some of your conditions to the table – don’t discount yourselfNot being afraid to ask for the Purchase Order!The Neuroses of Self-Employment – when trying to sell!Resilience and the loneliness of self-employmentThe Voice inside the head and dealing with this!Lou Tice of the Pacific Institute – self-talk, affirmations, values relative to other people. Use Self-Talk to be on your own side!The Power of Affirmations – Learn to be on your own side!Meditation and reflecting – happy v restless in your own space!The Brain moves you towards what you think about – Affirmations!Business Turning Points:Negative – losing £14500 invested in a coaching company in the UKPositive – bringing out resilience as a result of thisWorking with the IMI – Henley Diploma in Cork – making contacts hereWorking with Big Companies – pay on time & learning for free!Coaching Leaders & Emerging patterns from them:Successful people value coaching & feedback moreGetting introverts to start blow their trumpets!Experience seeing all types of leaders over the year!How his style has developed over the yearsIn the early days, thinking he had all the answersNow:Harnessing the energy from others – they have the wisdomNot having all the answers but have the energy to get themListening Better - Engage and listen from others to get the next questionsEncourage people to make up their own clichésThe power of personal clichés rather than ones from famous people!People should look closer to home for influences!Coaching v Mentoring and how it’s developed over the years!Influences & Mentors during the year!Martin’s mother as a huge influence & gave great advice:If you don’t want to lose something, don’t risk itYou can tell people that you love them, but it’s best you show it!Martin’s Brother Johnny was a huge influencer alsoLou Tice again had a huge influence on Martin – "Parents being Wizards to Children!"Techniques from Lou Tice:Flip Back & Flip Forward – Visualizing – What sense of joy or high!!Bob Savage as an influencer & friendIntuition, Decision Making and LogicIntuition and Transpersonal CoachingThe Dangers with Coaching where many people are just jumping on the bandwagon!Coaching is a privilege – don’t mess with the tools you have!Coaching Contracts, Models, Ethics, Awareness, Responsibility and MeasurementsSetting up the Contract with Clients:Becoming more AwarenessConvert this into ability to respondMeasurement Results – going in the right directionLearning from successes and failuresConfidentiality- this is huge!Risk StrategiesValues and how to identify core values – tools to useValue Proposition & Vision – Look at strengthsAsk 3 people what they think of you!Advice – ensure clients tell their wives or partners that they’re going through coaching as it can result in a change in the personalityHow to Measure Coaching Value – Qualitative and QuantitativeQuick Q&A towards the end:Typical Day & WeekHow to hold yourself accountableHaving a Passion and Discipline in BusinessWork Life BalanceStress Management over the years – learning how to manage thisBest piece of advice you’ve ever been given!Success – Freedom & Helping PeopleBook Recommendations (links on the website www.robofthegreen.ie/books)Lou Tice – Smart Talk for Achieving Your PotentialEric Byrne – Games People Play (Transactional Analysis)The 48 Laws of PowerProof of Heaven – Eben AlexanderConnect in with MartinWebsite - Proactive Management - https://alwaysproactive.com/Martin on LinkedIn - https://www.linkedin.com/in/martin-brennan-48a73488/Just a quick note to say thanks for listening. There are a lot of podcasts to choose from and you picking this one means a lot to me. I know that sounds like a cheese-ball thing to say, but it’s true! I’m enjoying creating these shows, learning from them and I’m hoping that you are too.To help me make the show even better, I wand & need your help. Your feedback is essential. So, please take a few minutes to get in touch (links below, or subscribe on iTunes and leave a rating or review).If you liked this episode, share out the link via one of the socials. It will help me reach a bigger audience. If One Person gets something from the Episode that makes them 1% Better, I’ll be a happy man.Finally, if you really love the show, and really want me to take it to the next level, I’ve set up a Patreon site where you pledge some financial support. That would be awesome. You will also get exclusive access to upcoming podcasts and article posts that are just for those that are Patreons.Connect in with Rob on the socials or via email on:Email    Twitter   Facebook   WebsiteSubscribe to the Rob of the Green Newsletter on the www.robofthegreen.ie website

Weekly Dev Tips
Domain Events - Before Persistence

Weekly Dev Tips

Play Episode Listen Later Apr 30, 2018 6:53


Domain Events - Before Peristence Domain Events are a DDD design pattern that in my experience can really improve the design of complex applications. In this episode I describe specifically how you would benefit from raising and handling these events prior to persisting the state of your entities. Sponsor - DevIQ Thanks to DevIQ for sponsoring this episode! Check out their list of available courses and how-to videos. Show Notes / Transcript So before we get started, let's describe what a domain event is. A domain event is something that happens in your system that a domain expert cares about. Domain events are part of your domain model. They belong in the Core of your Clean Architecture. They should be designed at the abstraction level of your domain model, and shouldn't reference UI or infrastructure concerns. Domain events are a pattern, and one with several difference implementation approaches. I generally segment these approaches into two camps: before persistence and after persistence. For this tip, we're going to focus on events that occur and are handled prior to persistence. In future tips, I'll talk about domain events that should only be dispatched once persistence has been successful. So, as a pattern, what problem are domain events designed to solve? Just as with other event-driven programming models, such as user interface events, domain events provide a way to decouple things that occur in your system from things such occurrences trigger. A common example I use is checking out a shopping cart from an ecommerce site. When the user checks out, a variety of other things generally should take place. The order should be saved. Payment should be processed. Inventory should be checked. Notifications should be sent. Now, you could put all of this logic into a Checkout method, but then that method is going to be pretty large and all-knowing. It's probably going to violate the Single Responsibility and Open/Closed Principles. Another approach would be to raise an event when the user checks out, and then to have separate handlers responsible for payment processing, inventory monitoring, notifications, etc. Looking specifically at events that make sense to handle before persistence, the primary rule is that such events shouldn't have any side effects external to the application. A common scenario is to perform some kind of validation. Imagine you have a Purchase Order domain object, which includes a collection of Line Item objects. The Purchase Order has a maximum amount associated with it, and the total of all the Line Item object amounts must not exceed this amount. For the sake of simplicity let's say the Purchase Order object includes the logic to check whether its child Line Item objects exceeds its maximum. When a Line Item object is updated, how can we run this code? One option would be to provide a reference from each Line Item to its parent Purchase Order. This is fairly common but results in circular dependencies since Purchase Order also has a reference to a collection of its Line Item objects. These objects together can be considered an Aggregate, and ideally dependencies should flow from the Aggregate Root (in this case Purchase Order) to its children, and not the other way around. So, let's assume we follow this practice, which means we can simply call a method on Purchase Order from Line Item directly. Another common approach I see developers use instead of domain events is to pull all of the logic up from child objects into the aggregate root object. So instead of having a property setter or property on Line Item to update its amount, there might be a method on Purchase Order called UpdateLineItemAmount that would do the work. This breaks encapsulation and will cause the root object to become bloated while the child objects become mere DTOs. It can work, but it's not very good from an object-oriented design standpoint. So how would domain events apply here? First, you'd put the logic to modify Line Item on the Line Item class where it belongs. Then, in the UpdateAmount method, you would raise an appropriate domain event, like LineItemAmountUpdated. The aggregate root would subscribe to this event and would handled the event in process (not asynchronously or in another thread). If necessary, the handler could raise an exception. In any case, it could update properties of the root object to indicate whether it was currently in a valid state, which could easily be reflected in the UI. This is one particular use case for domain events that I've found very helpful, and which I typically refer to as aggregate events since there isn't a separate event handler type in this case. I have a small sample showing them in action on GitHub you can check out in the show notes. With aggregate events in place, you can check all the blocks for your object design. Your aggregate's dependencies flow from root to children. Your aggregate's child objects are responsible for their own behavior. Changes to child objects are communicated to the aggregate root which is responsible for ensuring the validity of the entire aggregate. Many scenarios have rules where the root object has to perform validation checks that are based on the aggregate of several child objects, and this pattern provides an elegant solution to this problem. Would your team or application benefit from an application assessment, highlighting potential problem areas and identifying a path toward better maintainability? Contact me at ardalis.com and let's see how I can help. Show Resources and Links Clean Architecture Sample (GitHub) Aggregate Design Pattern Aggregate Events Sample (GitHub)

ptguru's podcast
Purchase Order

ptguru's podcast

Play Episode Listen Later Feb 20, 2018 6:57


Today we talk about some new things in PT Guru world, and why your calibration PO is one of the most important parts of your calibration program.

The Flipped Lifestyle Podcast
FL 179 – We help Misty grow her online business by doing more purchase order driven sales transactions

The Flipped Lifestyle Podcast

Play Episode Listen Later Jan 23, 2018 39:29


Want to know more about purchase order sales? Purchase order driven sales might be a way to grow your online business. Let's listen in and learn from today's episode. Our guest today is a good friend of ours, FYL community member and School Counselor. We have the ever Passionate Action Taker, Misty. Misty is a school counselor in one of the districts in southeastern Kentucky. She is married and is a mother to 2 lovely girls, aged 4 and 6. Wanting to spend more time with her family, she tried doing several business ventures, but found it too exhausting to juggle her side hustle, family, and career. Shifting to online business After listening to our podcasts, she decided that she wanted her family to experience amazing can't miss moments too, and invested in herself and joined our online community. By 2016, she had learned how to use Canva to create content and sold her first digital product on a third party market. She felt more and more empowered because of her new found sense of creativity. After creating enough content and proving her credibility, she went on to launch her website where she can showcase her skills and expertise, School Counselor World. Here, she provides community support and digital resources to fellow school counselors, helping them fulfill the variety of roles you didn't know school counselors were expected to fill. She now has a thriving community of 30+ paying members, tons of thoughtfully organized content, and over 4,000 email subscribers. Her numbers are growing steadily, but how will she 5x or 10x this? Join us as we dive deep on purchase order sales strategies, your business' potential growth from conducting more B2B type transactions and why success is just a matter of finding the time to take consistent action. The weather's a little crazy, but we're here to take even bigger, crazier next steps to flip Misty's business and maybe your online business to the next level. Don't miss it! [Tweet "“Your initial success shouldn't be your only success.” - Shane"] [Tweet "“The best time to plant a tree was 100 years ago, the second best time is TODAY.” - Jocelyn"] You Will Learn: How to find time to start taking action How to grow your B2B (business to business) bigger Pitch your offer to the decision maker The advantage of having an FAQ page Plus so much more! [Tweet "“Focus more on the returns the next time you invest resources on something.” -Shane"] [Tweet "“People could do amazing things if they would just start.” - Jocelyn"] Links and resources mentioned in today's show: School Counselor World - http://www.schoolcounselorworld.com/ Teachers Pay Teachers - https://www.teacherspayteachers.com/ Canva - http://canva.com/ S&J Success Story: Reaching their 2015 goal - https://flippedlifestyle.com/podcast73/ Enjoy the podcast; we hope it inspires you to explore what's possible for your family! Click here to leave us an iTunes review and subscribe to the show! We may read yours on the air! Success Story of the Week: This week's success story is a special one because Jocelyn and I are going to celebrate a little success that we have had in our brand and we didn't even really know this had happened, is what's so funny because we set this goal last year. If you listen to our earlier episodes in 2016, you'll catch us sharing our goal from 2015, that we wanted to get 1,000 members in the Flip Your Life community.   We wanted 1,000 people or more to be actively flipping their lives, chasing that flipped lifestyle, taking courses, taking action, and doing whatever it took to flip their life and we weren't even really paying attention. And one of our members posted a forum post in success forums that said, "Congrats, guys, you guys achieved your goal. There's over 1,000 members of the community!" It's just amazing and funny how goals work, we didn't focus on that goal.

Komet's Floral Spotlight
Episode #21 - Future Sales

Komet's Floral Spotlight

Play Episode Listen Later Nov 22, 2017 16:12


Our Future Sales tool allows you to offer open market inventory from the point you create the Purchase Order for your vendor. Find out how you, too, can benefit from this amazing feature and start using it!

The Future Is A Mixtape
020: More Bleak Than Bleak

The Future Is A Mixtape

Play Episode Listen Later Nov 9, 2017 82:39


For this episode of The Future Is A Mixtape, Jesse & Matt discuss the slow, spiral reckoning of Ridley Scott's much-celebrated and increasingly influential film Blade Runner, whose long and winding road lead to a sequel, Blade Runner 2049. While detractors of the original film might feel they're viewing a sexy-time noir featuring little more than robots and porn-jazz, for the entranced, the film's hypnotic imagery and ruminations on universal themes like humanness, memory and belonging still keep many cineaste-hearts aflutter. After the blockbuster ascendency the Star Wars franchise and SF's increasing maturation as a cinematic genre, Ridley Scott's formerly “one-off” was released in 1982, and quickly disappeared at the box office and inside film critics' confused typewriters. However, unbeknownst to many, this leftover lasagna turned into the cult film of cult films. Blade Runner would later grow an organic fanbase from Arty Nerds, Noir Addicts and Cyberpunks, all of whom would despoil their underoos over spinners, unicorn origami and whether Deckard was or wasn't a replicant. Seeing blinking cash-registers in their eyes, Hollywood producers sought out Denis Villeneuve as their architect to extend the franchise with Blade Runner 2049. Your meta-guidance-counselors, Matt & Jesse, will provide a spoiler-bonanza of both films, weigh out Villeneuve's sense of cinema, and examine how the sequel's repeater bleakness short-circuits better questions and ideas. The co-hosts will finally imagine how this film might be retrofitted or retold, narratively speaking, and roust its viewers into utopian dream-scaping. Mentioned In This Episode: Opening Music Salvo: White Zombie's “More Human Than Human” from Their Last Album Astro-Creep: 2000 – Songs of Love, Destruction and Other Synthetic Delusions of the Electric Head (1995) Ridley Scott's Blade Runner: The Final Cut (Edition 2007) The Movie Art of Syd Mead: Visual Futurist Denis Villeneuve's Blade Runner 2049 (Pre-Order) The Art and Soul of Blade Runner: A Visual Art Book Podcasts on Blade Runner 2049 (That May Or May Not Have Influenced Our Podcast): Chris Ryan and Andy Greenwald's Podcast The Watch, Which Features Sam Esmail and a Discussion on Blade Runner 2049 and Mr. Robot Slate's Podcast Spoiler Specials About Blade Runner 2049, Which Features Dana Stevens, Forrest Wickman and Sam Adams The Director's Cut Podcast: Featuring Rian Johnson Interviewing Denis Villeneuve and His Critically Acclaimed Blade Runner 2049 The Collider Podcast: Episode 110 - Blade Runner 2049 Featuring Hosts Adam Chitwood and Matt Goldberg The Original Trailer for Ridley Scott's Blade Runner (1982) The Official Trailer for Denis Villeneuve's Blade Runner 2049 Time Magazine: “Director Denis Villeneuve Proved to Us He Love Blade Runner More Than Anybody” The Three Short Films Set Between Blade Runner and Blade Runner 2049: Blade Runner 2049 - “2036: Nexus Dawn” Blade Runner 2049 - “2048: Nowhere to Run” Blade Runner 2049 - “Black Out 2022” Ben Child in The Guardian: “Blade Runner 2049: Five Things We Learned from the Shorts” Jason Sondhi in Best Short of the Week: “Hollywood's Embrace of the Short Film Tie-In” Clickhole: “Culture Shock: Everything You Need to Know About Blade Runner” Documentaries About the Original Blade Runner: Channel 4: On the Edge of Blade Runner (Featured on YouTube) Dangerous Days: Making Blade Runner (Found in Most DVDs/Blu-rays of the the 1982 Film) BFI Film Classics: Scott Bukatman's Blade Runner Instagram: “Blade Runner Reality” Devon Maloney in Wired: “Blade Runner 2049's Politics Aren't That Futuristic” Marie Claire: “These Three Women Are About to Make Sci-Fi History” Angelica Jade Bastién in Vulture: “Why Don't Dystopia's Know How to Talk About Race? Darryl Hannah's Background in Gymnastics Helped in a Key Scene with Blade Runner, But She Still Had a Male Gymnast Stunt Double in a Scary Sequence. The Important Themes and Motifs of Blade Runner: Here & Here RadioTimes: "Rutger Hauer Dissects His Iconic “Tears in Rain” Blade Runner Monologue" YouTube: “Blade Runner - Final scene, ‘Tears in Rain' Monologue (HD)” Michael Shulman in Vanity Fair: “Untold Story: The Battle for Blade Runner” The Seven (Not Six) Different Film Cuts of Blade Runner (1982) Vice's Motherboard's Brian Merchant Reveals a Shocker: “The Studio Execs [Also] Hated the Blade Runner Voiceover They Forced Harrison Ford to Do” Vulture: “Which Cut of Blade Runner Should I Be Watching” No Film School: “Why Does the Ending of 'Blade Runner' Look Familiar? Ask Stanley Kubrick” A Mr. Kenneth Thompson Explains How YOU Can Make Gaff's Origami Unicorn (or How You Can Make a Purchase Order for HIM to Make It for You for $14.99) Duke Harper's Youtube Aide: “Origami Blade Runner Unicorn Tutorial” Vice: “Behold, the Moment Harrison Ford Decked Ryan Gosling in the Face” The Official Website for Blade Runner 2049 The Official Timeline for Events in the Blade Runner Universe Inverse Entertainment: “How All Three Blade Runner 2049 Shorts Connect to the Original” Forbes Magazine: “Blade Runner 2049 Is A Box Office Bomb: 10 Reasons It Was Doomed” Rolling Stone: “Why Blade Runner 2049 May Have Been a Victim of Peak Dystopia Fatigue” Forbes Magazine: “Box Office: Blade Runner 2049 Is A Bomb Because of Its Budget” Nexus 6 Versus Nexus 8 Versus Nexus 9?   Wahyd Vannoni in PBS NewsHour: “Brands Treat Us Like the Replicants in Blade Runner” Hilarious and Criminally Underseen YouTube Parody: “Trump Blade Runner Ad” Sadly, in 2049, the LAPD Still Exists & It's Even Bigger and Badder Than Ever: Here, Here and Here. BBC Newsbeat: “The Curse of Blade Runner's Adverts” Kevin Spacey Vs. Brad Pitt in David Fincher's Seven: “What's in the Box?!” The Original Miracle Birth Meme Collider Interview: “Robin Wright on Blade Runner 2049 and Roger Deakins” Joi as Joy: Your Pocket Girlfriend with Misogyny at Your Fingertips Self-Creating Replicants Is an Allegory to Marxist-Feminist Notions of Reproductive Labor A Joke Well-Deserved by LA Folks to California's Self-Satisfied Bordertown: San Diego Becomes a Waste Dump in Blade Runner 2049 Beyond the Blade Runner Burn: San Diego Visualized in Cinema Leah D. Shade in Patheos: “Watching Blade Runner (1982) in the Age of Black Lives Matter” PBS Newshour: “Where Does America's E-Waste End Up? GPS Tracker Tells All” Alex Acks in Book Riot: “Choose a Better Chosen One” In Blade Runner 2049, Las Vegas Is a Post-Nuclear Wasteland Whose Lasting Remnants Include Bees & Boobs (with Deckard on the Lookout for Interlopers Who Might Raid His Free Alcohol) Is Deckard's Dog a Replicant? That and Other Easter Eggs in Den of Geek. The Reflecting Pond and Niander Wallace: “Blade Runner 2049: Designing the Future” - Production Designer Dennis Gassner Discusses the Brutal Environments of Director Denis Villeneuve's Ambitious Sequel in The American Cinematographer. Esther Inglis-Arkell in io9: “10 Lessons From Real-Life Revolutions That Fictional Dystopias Ignore” NERD FIGHT: Were Sean Young's Eyes Truly Green? Some Say Yes. Others Say No. Why Joe Is Possibly an Allusion to Joe Chip from Philip K. Dick's Ubik & Why “K” Is Also a Potential Allusion to Franz Kafka's character Joseph K. in The Trial. Does Deckard's Daughter, Dr. Stalline, Really Have an Autoimmune Disorder? “15 Burning Questions We Have After Blade Runner 2049” Dr. Stalline Is Like Osama Bin Laden as Seen in Washington Post's Report: “Bin Laden Discovered ‘Hiding in Plain Sight'” Roy Batty: “Shores of Orion . . . Tears in the Rain” Jane Ciabattari in BBC News: “Is Borges 20th Century's Most Important Writer?” Blade Runner 2049's Full Cast Member List on IMDb Box Office Mojo: Blade Runner 2049's Current Financial Pulse Rate Deakins Nominated 13 times for Oscars & Comes Up Empty: A Working History Erik Abriss in Collider: “Oscar Snubs: 4 Times Rogers Deakins Should Have Won Best Cinematography” Roger Deakins in The Guardian: “Why I Won't Win an Oscar” The Screenwriter for the Blade Runner Franchise: Hampton Fancher: A Working History IndieWire: “Blade Runner 2049 Soundtrack: Denis Villeneuve Finally Reveals Why Jóhann Jóhannsson Left the Project Forbes Magazine (Japanese Edition): On Why Blade Runner 2049 Failed for Its Opening Weekend in the Box Office. {For those that can't read Japanese, I will summarize what Tomoko (my badass wife!) translated for me--while we were both laughing at the article's assessment: the film failed due to it 1) being aimed at middle aged men in their forties; 2) it wasn't appealing to women, and henceforth, not of interest to dating couples or married folks; 3) and lastly dads couldn't take their kids to the movie because of its “R” rating} Beth Elderkin in io9: “Director Says CGI Will Take a Back Seat to Practical Effects in Blade Runner” This Is Now Our Third Episode on Terminal Dystopia Syndrome (TDS); Here Are Some Prior Podcast Episodes Concerning TDS: The Future Is a Mixtape: Episode 019: Fake Plastic World (on Adam Curtis' HyperNormalisation) The Future Is a Mixtape: Episode 004: Terminal Dystopia Syndrome (TDS) (on Dave Eggers' The Circle) Stephen Humphries in Christian Science Monitor: “Blade Runner 2049: Why Some Science Fiction Writers Are Tired of Dystopias” David Graeber in The Baffler: "Despair Fatigue" BBC News: “Blade Runner: Which Predictions Have Come True?” SyFy Wire: “How Accurate Is Blade Runner 2049's Prediction of the Future?” -{Futurists Grade Blade Runner 2049's Vision of the Future}- Mashable: How the Future Technology of Blade Runner 2049 Reflects Our Present Mark Fisher's Capitalist Realism: Is There No Alternative? (2009) Verso's Blog: “In Memoriam: Mark Fisher (1968-2017)” Zero Books' on YouTube: “Capitalist Realism and Mr Robot” Frank Ruiz in The Sacramento Bee: “Salton Sea Is a California Crisis. It's Time for the State to Show Some Urgency” Ian James in The Desert Sun: “Toxic Dust and Asthma Plague Salton Sea Communities” California State Senator Kevin De Leon Sells Out the Public in Favor of Pay-to-Play Water Barons as Seen in The San Bernardino Sun: “Bill Targeting Cadiz Water Transfer Dies in Senate Committee” Abby Olcese in Sojourners Online: “Blade Runner 2049 Paints an All-White Future. Again.” Jess Joho in Mashable: “The Hidden Feminist Message Buried Inside Blade Runner 2049” Kyle Buchanan in Vulture: “Why Ex Machina's Take on Gender Is So Advanced” Is Joi Anything More Than Joe's Pocket-Girlfriend? As Explored in Collider: “Blade Runner 2049 and Gender: The Future Is Female” GQ Magazine: “Blade Runner 2049: Let's Unpack That Strange, Fascinating Threesome Sex Scene” Kyle Buchanan in Vulture: “The Secrets Behind Blade Runner 2049's Surreal Threesome” Mike D'Angelo in The A.V. Club: “An Aborted Three-Way (of Sorts) Is the Most Strangely Affecting Scene in Her” Nathan Rabin's “Manic Pixie Dream Girl” Essay (2007) in The A.V. Club, Where the Trope Originally Surfaced: “The Bataan Death March of Whimsy Case File #1: Elizabethtown” Nathan Rabin in Salon Magazine: “I'm Sorry for Coining the Phrase “Manic Pixie Dream Girl” John Guida in The New York Times: “Are Blockbusters Destroying the Movies?” Michael Moorcock's Infamous Take-Down: “Starship Stormtroopers” Angelica Jade Bastién in Vulture: “Why Don't Dystopias Know How to Talk About Race?” Sarah Emerson in Vice's Motherboard: “Cyberpunk Cities Fetishize Asian Culture But Have No Asians” Siddhant Adlakha in Birth.Movies.Death: “On Blade Runner 2049's Asian Influence [And Disconnect]” Amanda M. Franklin in The Conversation: “Mantis Shrimp Have the World's Best Eyes--But Why?” David Rudd Cycleback's “Eye/Brain Physiology and Why Humans Don't See Reality But a Translation of It” Sarah Benet-Weiser in The Conversation: “What the ‘Fearless Girl” Statue and Harvey Weinstein Have in Common” Jonathan Cook: “Wonder Woman Is a Hero Only the Military-Industrial-Complex Could Create” A Blatant Example of “Lean-In” Feminism or a Laughable Article on Neoliberal Progressivism? As Seen in IndieWire: “Wonder Woman 2: Patty Jenkins Highest Paid Female Director” Vice on YouTube: “Inside the Making of Blade Runner 2049” {Interviewer to Ryan Gosling: “Do you feel optimistic about the future of mankind?” Gosling pauses, gurgles, snorts, and then they both laugh . . . . . . And So The Future Must Be A Mixtape to Have Any At All . . .   Feel Free to Contact Jesse & Matt on the Following Spaces & Places: Email Us: thefutureisamixtape@gmail.com Find Us Via Our Website: The Future Is A Mixtape Or Lollygagging on Social Networks: Facebook Twitter Instagram

Contractor Success Map with Randal DeHart | Contractor Bookkeeping And Accounting Services
0241: Unique Highly Profitable Contractors Use Job Costing And Financial Reports

Contractor Success Map with Randal DeHart | Contractor Bookkeeping And Accounting Services

Play Episode Listen Later Nov 3, 2017 25:32


This Podcast Is Episode Number 0241, And It Will Be About Unique Highly Profitable Contractors Use Job Costing And Financial Reports  Successful Contractors Find Keys To Growth And Profit In Their Accounting Halloween is the official Kickoff of the Holiday Season. Kids dress up as anything from Princesses to Pirates and every TV character in between. Time of smiles, giggles and lots of “pixie dust” and “magic wands.” Time for “Santa and his reindeer” to visit the malls with a fresh supply of Cookies and Candy.   Wait, let's not forget Thanksgiving with Turkey, Dressing, Yams, Mashed Potatoes, Gravy, Fruit Salad, Pumpkin Pie, Ice Cream and lots of Egg Nog. All of this leads to us in January wishing we ate less and exercised more in hopes to keep the pounds on and matched by the pounds off for a net gain of Zero.     Software and the desire to do everything with our phone is the “Grownup’s Version” of the Candy Store all year long. With a couple of clicks on my phone, I want to Buy Something Pay For Something Get Paid Immediately From My Customer Have all of the money go in or out of my bank account Now how do I then make all the transactions magically go to an accounting system Give me nice detailed reports Help me make simple and complex decisions. Begin with the end in mind. Construction Contractors want to know Job Costing on some projects but not on others. How does a Construction Contractor keep it simple to those around them who need to pick up all the loose pieces of paper (paper receipts or electronic documents)?   Start by thinking about the source and how the supplier can help Home Depot, Lowes, Major Suppliers will email the priced invoice to you. On each of the invoices is a line with a for the Purchase Order. Purchase Order crosses over from Packing Slips to final priced invoice. If the Construction Contractor is willing to Tell The Order Desk something (example job name, customer name, customer address), then there is a foundation for job costing reports. Putting all of the receipts for a single job in a Job Folder or Job Envelope will help if you need to make a material return, find a part number, serial number, color used.   Many online Project Management, Estimating, Invoicing or Scheduling Programs will allow pictures to be uploaded. Before and After pictures are great. Helps the Construction Contractor look back or the project for missing items that need to be billed. Resell value of the project to the customer.     In a “Manual Accounting System” or an “Excel Based Accounting System,” all the loose receipt are being added up. If a Construction Contractor loses or files their recap sheet, it is then harder to figure out it a specific job made any money. All the notes are in the folder and who knows where the folder is.  A favorite tool of mine is TSheets TSheets is an electronic timecard that can track employees in real time with GPS tracking. Are employees on the Job Where You Expect Them To Be?   One tracking method inside TSheets is tied to Workers Comp requirements for your state.   Do you have to report hours by Plumbing, Electrical, Heating, Drywall, Framing, etc.?   Web Based Online Time Card For Construction Contractors Links To QuickBooks Job Costing   Click On The Image Below To Calculate Your Savings! Fast Easy Accounting Your Certified TSheets Consultant   For Construction Contractors Across The U.S.A! Finally! Construction Contractors have a way for your construction workers to submit accurate time cards chock full of the data needed to generate useful Job Costing Reports without the hassle of pen and paper and the excuse that it takes too long because it can be done on their smartphone! Another method of tracking is tied to tasks that would help with future Estimating.   Think instead of Kitchen, Master Bath, Main Bath, Powder Room, Deck, Family Room, Den, Man Cave, Patio, Roof, Sun Room, Gazebo, Cabana, Swimming Pool, Shop, Shed, Play Equipment, Landscaping, Rockery.   Why am I saying track this way? Because when you talk to me about your jobs – You describe the room you were working on. In my experience, When you are looking for a new job you are thinking back on other projects by the room not by how many sheets of sheetrock you are going to be using. It the new project larger, smaller, fancier, simpler than the previous job? Is the new project you are estimating a combination of several other projects?   QuickBooks Desktop will give you easily Job Profitability Reports.   Did the job make a profit or was it non-profitable? Key things between profitable are the basics.   Did you change sales tax if required Did you charge for Change Orders Did you collect a Deposit and apply it properly Did you give Notice To The Owner and preserve your lien rights. At the end of the job is not the time to think about it as the window has already passed. If you have Job Accounts or a primary supplier that delivers to the job they will send a Notice To The Owner to preserve their lien rights for material. if not consider zlien. zlien ZLIEN secures fair payment on every project by making lien rights easy. No printing out forms, no checking mail orders, and no reading tedious legal documents. "Mechanics lien and bond claim rights are connected to $960 billion in construction payments every year. We help material suppliers, lenders, and everybody in between easily manage these rights. By making lien rights simple, zlien facilitates successful projects, smooth payments, and happy people. Our mission is to enable all project stakeholders to protect their finances and succeed in their jobs, all without a drop of stress"  -  Click here to learn more about zlien, The Mechanics Lien & Construction Payment Platform. ____________________ We recommend using your Phone and apps to track your scheduling and send invoices to your customers. But do not expect a Phone App to replace a Construction Accounting System and give you proper reports. Any time a software says it will do everything it won’t. Perfect Example is MS Office is a full suite of useful software that we all use every day. For all of the ways Excel is used; it does not replace a formal Construction Accounting System but instead, works with Construction Accounting Systems. Many QuickBooks Desktop Reports can export to Excel and reverse is true many Excel Lists can be imported into QuickBooks Desktop. QuickBooks Desktop does not do everything which is why many Construction Contractors will have an Estimating Software with the Building Trades specific tasks and pricing or Dispatch Software with a Time Card feature like T-Sheets which imports into QuickBooks Desktop. We use an Intuit Approved Commercial Host to provide you with access to QuickBooks Desktop in a mobile environment. This is one of the applications modern contractors need in today’s world. With remote desktop application, internet connection and a tablet, notebook, etc. Many Construction Contractors can work from their mobile office (front seat of their truck). If their tablet or notebook go traveling without them and their data is safe in the cloud.  After Hurricane Sandy, I heard many stories where Construction Contractors had their servers in the basement. What got flooded; their basement! When it is time to leave in a hurry; the last thing that is on the short list to remember to take is the server with the accounting data located in the basement.   Back to happier thoughts, we embrace Cloud-Based products, because many of them can be easily accessed from the phone, tablet, notebook, choice of PC, Mac, and Windows, Android or iPhones.   Our Document Management Systems links to your bank and credit card company. You manage what documents and data we receive by keeping the feeds up and working. We want to do what we do best – Enter the receipts, invoices, customer payments properly into a Construction Accounting System. For Fast Easy Accounting, this is QuickBooks Desktop Version. Our Goal is to get everything possible out the data provided, so you the Construction Contractor have information to run your business effectively and make a profit. Help us help you grow.     Without proper information – You are just guessing.  We are here to help!   About The Author: https://www.fasteasyaccounting.com/free-one-hour-consultation-bookkeeping Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. http://www.fasteasyaccounting.com/sharie-dehart/ 206-361-3950 or sharie@fasteasyaccounting.com I trust this podcast helps you understand that outsourcing your contractor's bookkeeping services to us is about more than just “doing the bookkeeping”; it is about taking a holistic approach to your entire construction company and helping support you as a contractor and as a person. We Remove Contractor's Unique Paperwork Frustrations We understand the good, bad and the ugly about owning and operating construction companies because we have had several of them and we sincerely care about you and your construction company! That is all I have for now, and if you have listened to this far please do me the honor of commenting and rating the Podcast  www.FastEasyAccounting.com/podcast Tell me what you liked, did not like, tell it as you see it because your feedback is crucial and I thank you in advance. You Deserve To Be Wealthy Because You Bring Value To Other People's Lives! I trust this will be of value to you and your feedback is always welcome at www.FastEasyAccounting.com/podcast This Is One more example of how Fast Easy Accounting is helping construction company owners across the USA including Alaska and Hawaii put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that, and a lot more valuable to construction contractors like you so stop missing out and call Sharie 206-361-3950 or email sharie@fasteasyaccounting.com Contractor Bookkeeping Done For You! Thinking About Outsourcing Your Contractors Bookkeeping Services? Click On The Link Below: www.FastEasyAccounting.com/hs This guide will help you learn what to look for in outsourced construction accounting. Need Help Now? Call Sharie 206-361-3950 sharie@fasteasyaccounting.com Thank you very much, and I hope you understand we do care about you and all contractors regardless of whether or not you ever hire our services. Bye for now until our next episode here on the Contractors Success MAP Podcast. Enjoy your day.     Sharie About The Author: https://www.fasteasyaccounting.com/free-one-hour-consultation-bookkeeping Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. http://www.fasteasyaccounting.com/sharie-dehart/ 206-361-3950 or sharie@fasteasyaccounting.com Our Workflow Removes Your Paperwork Frustrations For Contractors Who Prefer To Do Your Bookkeeping Fast Easy Accounting Do-It-Yourself Construction Accounting Store Is Open Most Contractors Setup QuickBooks Desktop Version In One Of Three Ways: #1 EZ Step Interview inside QuickBooks Setup #2 Asked Their Tax Accountant To Setup QuickBooks #3 They Attended A How To Setup QuickBooks Class Or Seminar And QuickBooks Does Not Work The Way They Want It Too! The Answer: #1 Click Here To Buy An Entire QuickBooks Setup For Your Specific Contracting Company #2 Click Here To Buy Just The Chart Of Accounts For Your Specific Contracting Company   Short List Of Construction Contractors We Serve Asphalt ContractorAsphalt Contractor Brand New ContractorBrand New ContractorBrick And Stone ContractorBrick And Stone ContractorCabinet Installation ContractorCabinet Installation ContractorCarpentry ContractorCarpentry ContractorCarpet And Tile ContractorCarpet And Tile ContractorCommercial Tenant Improvement ContractorCommercial Tenant Improvement ContractorConcrete ContractorConcrete ContractorConstruction EmployeesConstruction EmployeesConstruction ManagerConstruction ManagerConstruction Support SpecialistConstruction Support SpecialistCustom Deck ContractorCustom Deck ContractorCustom Home BuilderCustom Home BuilderDemolition ContractorDemolition ContractorDrywall ContractorDrywall ContractorElectrical ContractorElectrical ContractorEmerging ContractorEmerging ContractorExcavation ContractorExcavation ContractorFinish Millwork ContractorFinish Millwork ContractorFlipper House ContractorFlipper House ContractorFlooring ContractorFlooring ContractorFoundation ContractorFoundation ContractorFraming ContractorFraming ContractorGeneral ContractorGeneral ContractorGlass Installation ContractorGlass Installation ContractorGutter ContractorGutter ContractorHandyman ContractorHandyman ContractorHot Tub ContractorHot Tub ContractorHVAC ContractorHVAC ContractorInsulation ContractorInsulation ContractorInterior Designer ContractorInterior Designer ContractorLand Development ContractorLand Development ContractorLandscape ContractorLandscape ContractorLawn And Yard Maintenance ContractorLawn And Yard Maintenance ContractorMasonry ContractorMasonry ContractorMold Remediation ContractorMold Remediation ContractorMoss Removal ContractorMoss Removal ContractorPainting ContractorPainting ContractorPlaster ContractorPlaster ContractorPlaster And Stucco ContractorPlaster And Stucco ContractorPlumbing ContractorPlumbing ContractorPressure Washing ContractorPressure Washing ContractorRemodel ContractorRemodel ContractorRenovation ContractorRenovation ContractorRestoration ContractorRestoration ContractorRoofing ContractorRoofing ContractorSiding ContractorSiding ContractorSpec Home BuilderSpec Home BuilderSpecialty ContractorSpecialty ContractorStone Mason ContractorStone Mason ContractorStucco ContractorStucco ContractorSubcontractorSubcontractorSwimming Pool ContractorSwimming Pool ContractorSwimming Pool And Hot Tub ContractorSwimming Pool And Hot Tub ContractorTile And Carpet ContractorTile And Carpet ContractorTrade ContractorTrade ContractorTree ContractorTree ContractorUnderground ContractorUnderground ContractorUtility ContractorUtility ContractorWaterproofing ContractorWaterproofing ContractorWindow ContractorWindow Contractor Additional QuickBooks Templates, Resources, And Services QuickBooks Set Up TemplatesSolopreneurQuickBooks Chart Of AccountsFree StuffQuickBooks Item Lists TemplatesConsulting We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed Please Do Not Be Concerned Because If You Are A Contractor There Is A Good Chance We Can Help You! Call Now: 206-361-3950   Additional QuickBooks Templates, Resources, And Services QuickBooks Set Up Templates   Solopreneur QuickBooks Chart Of Accounts     Free Stuff QuickBooks Item Lists Templates     Consulting   We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed Please Do Not Be Concerned Because If You Are A Contractor There Is A Good Chance We Can Help You! Call Now: 206-361-3950 If you are a blogger, who writes about construction we would like to hear from you. https://www.fasteasyaccounting.com/guestblogger                                                                                                 Contractors_Success_MAP, Contractors_Success_Marketing_Accounting_Production, Contractor_Bookkeeping_Services, QuickBooks_For_Contractors, QuickBooks_For_Contractors,Contractors_Success_Map_Unique_Highly_Profitable_Contractors_Use_Job_Costing_And_Financia

Contractor Success Map with Randal DeHart | Contractor Bookkeeping And Accounting Services
0236: Highly Profitable Contractors Control Who Receives Company Information

Contractor Success Map with Randal DeHart | Contractor Bookkeeping And Accounting Services

Play Episode Listen Later Sep 29, 2017 23:34


This Podcast Is Episode Number 0236, And It Will Be About Highly Profitable Contractors Control Who Receives Company Information   You Have Ultimate Control On Who Has Or Receives Information About Your Contracting Company Financials statements are based on the information you provided. I know this is not a statement that any contractor wants to hear about their bookkeeping. It is easier to blame the bookkeeper for missing information. The primary keeper of all the documents is you, your spouse, your employees, your suppliers, your bank, your credit card company. The Key work is done by you, or whoever assists you have the power to give information to outsiders about your Construction Company.   Who wants details about your business?   Internal Revenue Service State Revenue Agencies State Payroll Agencies Other State Agencies Worker’s Compensation Provider   General Liability Insurance Provider Depending on the report it may be monthly (sales tax, business excise tax, other state business tax reports) Quarterly reports include all payroll related forms to State and Federal (Internal Revenue). Personal story. If you have any data that you can include relating to your list, include that in your introduction, too./> Some states require Contactors to take a test before receiving Contractors License Depending on your state a Contractor may have to be licensed which can require a Bond and General Liability Insurance. Because the General Liability Insurance is made up of a group of numbers to make up the coverage and premium, there is usually an annual General Liability Insurance Audit and are date specific based on when the coverage was taken out. Your Construction Company Structure determines how simple or how complicated the annual insurance audit it. We can help you with this. Call Sharie 206-361-3950 or email her sharie@fasteasyaccounting.com Insurance Audit Questions May Include: Annual sales Owners wages List of employees Employee wages Copies of 941 Quarterly Reports Copies of State Unemployment Reports List of subcontractors Total paid to subcontractor Copies of Subcontractor’s Certificate of Insurance List of names of casual labor Total paid to each casual labor The total amount of Leased or Rented Equipment.   Periodically Your State Unemployment Agency will want details on individual employee’s hours. Form to be filled out is date and period specific and will want the total per week (regular time and overtime) then broken down by day and a weekly total of wages earned, and date wages were paid. In other words; the State Agency is asking for more in more detail to be sure they get the same grand total as other reports and did you pay the proper amount in the time frame required.   Some states and cities have different minimum wage requirements this adds to the tracking required.   In Washington State, we have a state minimum wage, and then several individual cities have an increased minimum wage. In addition to new rules about Family Leave, Sick Leave, and Personal Time Off. Many of these rules are based on the number of employees you have.   Internal Revenue Service Requires You File Annual 1040 Tax Return. Most contractors file their taxes on a calendar year. S-Corps and LLC’s treated as S-Corps annual tax return is due on March 15th with a six-month extension allowed to September 15th.   Numbers From Your Contracting Company Return Move To Your Personal 1040 Tax Return. Personal tax returns with or without Schedule C (additional pages for Sole Prop’s and LLC’s treated as a Sole Prop) are due on April 15th with a six-month extension allowed to October 15th. Reminder the tax return is due in a couple of weeks.   There are many reasons why taxes are not ready for the tax accountant to do the annual taxes. Contractors may feel that they can do it themselves using tax software. My recommendation is to use a Tax Accountant. Laws change all of the time. Assume that every time Congress meets they have done something. Since the average person is too busy and has no way of knowing what amendments are added to any given bill may impact the tax code having a tax accountant is a cost and time effective solution. Tax Accountants Are “Generalists.” What do I mean by “Generalist”? To stay in business, tax accountants have more clients than just contractors. Tax Accountants have to keep on top of all the tax changes that impact all of their clients. Reality is, the tax accountant is more concerned about your bottom line and how it impacts the rest of your life and taxes, not your job costing reports.     Does your spouse work, what and where are all the W-2, interest income, dividend income, health insurance, children, your house, mortgage, property taxes and what other misc. Expenses that might be deductible? Many tax accountants send a packet for their clients to fill out and bring with documents. When a Construction Contractor drops off a box of receipts and bank statements to the tax accountant the Construction Contractor asks: How am I doing? What about [fill in the blank]? Did I make any money on “xyz job”? Tell me about how to improve my business? The tax accountant is going to roll their eyes and seems less than helpful or incompetent. They are not! Knowing about the individual details of Construction Accounting and Job Costing is not a normal skillset of the tax accountant. Depending on the size of the pile to manage whether a tax accountant will use Excel and a Workaround to file the Construction Contractor’s taxes or send you to a bookkeeper to do it.     Our focus is on helping you survive and thrive. When we ask you for documents, it is part of our Contractors Bookkeeping Services System. We have a process where we will do a gentle follow-up. Sometimes the greatest most effective follow-up is done by the State Agencies who want specific reports which when they are not filed promptly will incur late fees and penalties or cancellations. They will call, send certified letters, issue Warrants on Bank Accounts and file Tax Liens all to receive money owed to a government agency. Not someone you want to have your number on speed dial. It is one thing if the over site is lack of money, and another if it is bad paperwork.     Job Costing Is Only Possible when you, the Contractor have put the job name on the receipts, checks and other paperwork directly related to each job. It is unreasonable to expect any bookkeeper to guess which job the costs should be assigned to or interrupt your already busy day with several phone calls to ask for information about a receipt, bill or other paperwork. One Process In Our Bookkeeping System Is "OHIO" Only Handle It Once Proactively writing on the receipt, giving the customer name and address in the Purchase Order field at the supplier will make the bookkeeping process easier on everyone and more importantly it will be the foundation to providing you with Job Costing Reports to help you identify the 20% of jobs and customers that generate 80% of your Cash Flow and Profit. How To Combine The 80/20 Rule With Business Process Management For Your Construction Company The 80-20 Rule Combined With Business Process Management Can Improve Your Life In Ways You Never Dreamed Possible! 20% Of The Construction Companies - Share the Top 80% of the profits which the owners and shareholders use to support lavish lifestyles because they know what to do, when to do it and how to do it! 80% Of The Construction Companies - Share the Bottom 20% of the profits which the owners and shareholders use to support just above or just below average lifestyles because they don't know what to do when to do it or how to do it! Not every Construction Contractor wants to put in the effort for Job Costing, and that is OK. It is Good, Better and Best in all things including Construction Accounting. With processes, every contractor will get value out of their bookkeeping no matter what level of service they require to fit their needs. The most basic accounting provides a Profit & Loss Statement and Balance Sheet on demand for their Tax Accountant to file the taxes. Add personal documents, and the Tax Accountant knows what to do. Basic Construction Bookkeeping is more than hooking up your bank feeds to an Accounting Software and let the software decide what to do with the transactions. All good bookkeeping even for the smallest Construction Contractor is more than balancing your checkbook. Good Construction Accounting provides answers for Construction Contractors from the Brand New Contractor, Handyman, Trade Contractor, General Contractor. Construction Accountants know what to do when they receive the documents. Of course, you need to talk your prospective Construction Accountant and make sure they know Construction Accounting; then decide if it is a good fit for your needs. One example in Construction Accounting there is a difference between Spec and Custom Home. General Contractors sometimes get confused on which they are building as both are the construction of a new home. Construction Accountants are never confused as the accounting is different. In Washington State, it is a huge difference because of the rules about sales tax. When a contractor must charge sales tax on their invoice or if they accept a resale certificate. All retail sales to homeowners and Spec Builders are subject to sales tax. Years Ago My Mentor Told Me: “Little Leaks Sink A Big Ship" Four Leaks That Bankrupt Construction Contractors Not charging and collecting Sales Tax is a 10% leak.   Not Charging and collecting for Change Orders could be a bigger leak.   Improperly applying payments (where it appears as a credit in QuickBooks) is another leak.   With enough leaks, there is no money left for the fun stuff you want to do in your life. Change is easier when doing one little thing, then another, then another. Trying to change everything all at once is overwhelming. Many times change easier for a smaller company because they are small.     Number one question from smaller contractors is “I am just me, or it is just me, and I only have one or two employees” Am I too small to help and use the services of a Contraction Bookkeeper? My Answer: A Company of One – is not too small! The Company of One with Dog and Pickup Truck is not too small. Construction Contractor without any employees is not too small. Construction Contractor with less than five employees is not too small. Construction Contractor with more than 15-20 employees may be too big to not have an in-house admin   From Brand New Contractor, Weekend Warrior, Handyman, Trade Contractor to General Contractor with or without employees we are here to help.        About The Author: https://www.fasteasyaccounting.com/free-one-hour-consultation-bookkeeping Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. http://www.fasteasyaccounting.com/sharie-dehart/ 206-361-3950 or sharie@fasteasyaccounting.com I trust this podcast helps you understand that outsourcing your contractor's bookkeeping services to us is about more than just “doing the bookkeeping”; it is about taking a holistic approach to your entire construction company and helping support you as a contractor and as a person. We Remove Contractor's Unique Paperwork Frustrations We understand the good, bad and the ugly about owning and operating construction companies because we have had several of them and we sincerely care about you and your construction company! That is all I have for now, and if you have listened to this far please do me the honor of commenting and rating podcast www.FastEasyAccounting.com/podcast Tell me what you liked, did not like, tell it as you see it because your feedback is crucial and I thank you in advance. You Deserve To Be Wealthy Because You Bring Value To Other People's Lives! I trust this will be of value to you and your feedback is always welcome at www.FastEasyAccounting.com/podcast This Is One more example of how Fast Easy Accounting is helping construction company owners across the USA including Alaska and Hawaii put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that, and a lot more valuable to construction contractors like you so stop missing out and call Sharie 206-361-3950 or email sharie@fasteasyaccounting.com Contractor Bookkeeping Done For You! Thinking About Outsourcing Your Contractors Bookkeeping Services? Click On The Link Below: www.FastEasyAccounting.com/hs This guide will help you learn what to look for in outsourced construction accounting. Need Help Now? Call Sharie 206-361-3950 sharie@fasteasyaccounting.com Thank you very much, and I hope you understand we do care about you and all contractors regardless of whether or not you ever hire our services. Bye for now until our next episode here on the Contractors Success MAP Podcast. Enjoy your day.     Sharie About The Author: https://www.fasteasyaccounting.com/free-one-hour-consultation-bookkeeping Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. http://www.fasteasyaccounting.com/sharie-dehart/ 206-361-3950 or sharie@fasteasyaccounting.com Our Workflow Removes Your Paperwork Frustrations For Contractors Who Prefer To Do Your Bookkeeping Fast Easy Accounting Do-It-Yourself Construction Accounting Store Is Open Most Contractors Setup QuickBooks Desktop Version In One Of Three Ways: #1 EZ Step Interview inside QuickBooks Setup #2 Asked Their Tax Accountant To Setup QuickBooks #3 They Attended A How To Setup QuickBooks Class Or Seminar And QuickBooks Does Not Work The Way They Want It Too! The Answer: #1 Click Here To Buy An Entire QuickBooks Setup For Your Specific Contracting Company #2 Click Here To Buy Just The Chart Of Accounts For Your Specific Contracting Company   Short List Of Construction Contractors We Serve Asphalt ContractorAsphalt Contractor Brand New ContractorBrand New ContractorBrick And Stone ContractorBrick And Stone ContractorCabinet Installation ContractorCabinet Installation ContractorCarpentry ContractorCarpentry ContractorCarpet And Tile ContractorCarpet And Tile ContractorCommercial Tenant Improvement ContractorCommercial Tenant Improvement ContractorConcrete ContractorConcrete ContractorConstruction EmployeesConstruction EmployeesConstruction ManagerConstruction ManagerConstruction Support SpecialistConstruction Support SpecialistCustom Deck ContractorCustom Deck ContractorCustom Home BuilderCustom Home BuilderDemolition ContractorDemolition ContractorDrywall ContractorDrywall ContractorElectrical ContractorElectrical ContractorEmerging ContractorEmerging ContractorExcavation ContractorExcavation ContractorFinish Millwork ContractorFinish Millwork ContractorFlipper House ContractorFlipper House ContractorFlooring ContractorFlooring ContractorFoundation ContractorFoundation ContractorFraming ContractorFraming ContractorGeneral ContractorGeneral ContractorGlass Installation ContractorGlass Installation ContractorGutter ContractorGutter ContractorHandyman ContractorHandyman ContractorHot Tub ContractorHot Tub ContractorHVAC ContractorHVAC ContractorInsulation ContractorInsulation ContractorInterior Designer ContractorInterior Designer ContractorLand Development ContractorLand Development ContractorLandscape ContractorLandscape ContractorLawn And Yard Maintenance ContractorLawn And Yard Maintenance ContractorMasonry ContractorMasonry ContractorMold Remediation ContractorMold Remediation ContractorMoss Removal ContractorMoss Removal ContractorPainting ContractorPainting ContractorPlaster ContractorPlaster ContractorPlaster And Stucco ContractorPlaster And Stucco ContractorPlumbing ContractorPlumbing ContractorPressure Washing ContractorPressure Washing ContractorRemodel ContractorRemodel ContractorRenovation ContractorRenovation ContractorRestoration ContractorRestoration ContractorRoofing ContractorRoofing ContractorSiding ContractorSiding ContractorSpec Home BuilderSpec Home BuilderSpecialty ContractorSpecialty ContractorStone Mason ContractorStone Mason ContractorStucco ContractorStucco ContractorSubcontractorSubcontractorSwimming Pool ContractorSwimming Pool ContractorSwimming Pool And Hot Tub ContractorSwimming Pool And Hot Tub ContractorTile And Carpet ContractorTile And Carpet ContractorTrade ContractorTrade ContractorTree ContractorTree ContractorUnderground ContractorUnderground ContractorUtility ContractorUtility ContractorWaterproofing ContractorWaterproofing ContractorWindow ContractorWindow Contractor Additional QuickBooks Templates, Resources, And Services QuickBooks Set Up TemplatesSolopreneurQuickBooks Chart Of AccountsFree StuffQuickBooks Item Lists TemplatesConsulting We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed Please Do Not Be Concerned Because If You Are A Contractor There Is A Good Chance We Can Help You! Call Now: 206-361-3950   Additional QuickBooks Templates, Resources, And Services QuickBooks Set Up Templates   Solopreneur QuickBooks Chart Of Accounts     Free Stuff QuickBooks Item Lists Templates     Consulting   We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed Please Do Not Be Concerned Because If You Are A Contractor There Is A Good Chance We Can Help You! Call Now: 206-361-3950 If you are a blogger, who writes about construction we would like to hear from you. https://www.fasteasyaccounting.com/guestblogger                                                       Contractors_Success_MAP, Contractors_Success_Marketing_Accounting_Production, Contractor_Bookkeeping_Services, QuickBooks_For_Contractors, QuickBooks_For_Contractors,Contractors_Success_Map_Highly_Profitable_Contractors_Control_Who_Receives_Company_Inform

Contractor Success Map with Randal DeHart | Contractor Bookkeeping And Accounting Services
0233: Contractors Struggle To Save Paperwork Needed For Taxes

Contractor Success Map with Randal DeHart | Contractor Bookkeeping And Accounting Services

Play Episode Listen Later Sep 8, 2017 21:51


This Podcast Is Episode Number 0233 And It Will Be About Contractors Struggle To Save Paperwork Needed For Taxes Tax Time! Corporate Income Tax Returns are due to the IRS by September 15th for S-Corp and LLC’s filing as an S-Corp Other types of corporations may be in a fiscal year with varied due dates. The only exception is any emergency extensions granted due to hurricanes (Harvey) or others. Personal Income Tax Returns are due to the IRS by October 15th which falls on the weekend and extended to Monday, October 16th. Keeping Paper Documents is necessary. Most contractors go from one extreme to the other. One extreme is saving everything for decades, and the other is tossing everything out. What To Save? What To Toss Out? We no longer need to print and save every document in file folders and keep adding new file cabinets. Happiness is every document that can be retrieved electronically at any time in the future. Sharie's Seven Paper Tips... Sharie’s Paper Tip 101 Save your receipts. If you have it in paper Get a file box and toss in all the gas, food, misc receipts paid by credit card.  Make a note on the receipt. You have the receipt for backup. I remember a story where someone needed to prove where they were. Charges on the credit card statement weren't enough.   Sharie’s Paper Tip 201 Make individual file folders for your state taxes, quarterly payroll reports, W-2’s, 1099’s. Other helpful folders are for your Bond, Liability Insurance, Worker’s Comp Insurance, Tools, Office Equipment and Cell Phones. All the statements you may need to reference over and over again and Receipts with extended warranties. Sharie’s Paper Tip 301 Print a copy of the Contract with your client (electronic signatures is fantastic) use a service that will time and date stamp in case you have an issues. Contracts are great in case of dispute. If all goes well, then The Signed Contract is just another piece of paper. I have heard stories of customers altering the contract, and the contractor did not double check. Magically things happen with software. Be sure what the client signs are the same copy of the contract you sent them and expected to be signed.   Sharie’s Paper Tip 401 Take credit cards. Use multiple services if that is what is available. If you use a service to send your contracts for signature and they have a Merchant Services; then sign up for it. Everything that happens seamlessly is the best. Approval Now + Authorization of Payment means you have real money (their money) to start the job.   OPM (means using Other Peoples Money – meaning you are using the Client’s money to start, continue and finish the job). Build in the Merchant Services Fee into your pricing. Cost of doing business.   Many contractors lost money on Groupon Coupons as customers only would do the One or Two Rooms as was prepaid on the coupon. (Example Carpet Cleaning – Drywall Patching)   Sharie’s Paper Tip 501 Use an invoice built on Excel. Word is pretty and is needed for all the descriptions. But to properly get the money, you expect to be paid Contractors need a form that adds up the money. Do not call all the payments a Job Deposit all the way from beginning to end. Call it a Statement, Progress Invoice, once work is approved it is no longer an Estimate or a Work Order. If you are in a sales tax state (Washington State) and need to collect sales tax; then be sure to add sales tax to every invoice. Customers have selective memory. Be sure to use “Plus Applicable Sales Tax” on the Estimate, Contact and all future billings. If sales tax increases you need to be able to pass the increases on to the customer.   Sharie’s Tip 601 Contractors who are doing remodel projects like to have job costing. To achieve basic job costing reports the accounting software needs to know what job the expenses should apply to. Many contractors will create a single file folder and drop all of the individual receipts in it.   This is handy if they have outsourced their bookkeeping and needed to give their bookkeeping to others to enter into an accounting software (QuickBooks) One simple way to add more detail for bookkeeping is to have accounts with the primary supplier. The person at the counter will ask you if you have a PO (Purchase Order). Purchase Order does not need to be complicated. Job Name and Job Address. Why both name and address? Because the name that pays the bill may not be the same as the Nick Name that you know your client as.    Examples: Bob, Bobby, Rob, Robby, Robert or Bill, Billy, Will, William may be the same person to you but not to the bank, credit card company.   Always exciting when Spouse, Family member or good friend helps pay your invoice. From Accounting side; next week, next month, next year will you remember which job the individual receipts are tied to?   Sharie’s Tip 701 For larger projects – file folder for each invoice especially if you are billing Time & Material or Cost Plus.   Keep good records; customers will randomly want to confirm the cost of some or all of the items. Does your customer want copies of all receipts?   Does your customer want to nit pick the price of each 2x4, cost of temp? Service and every dump fee?   Does your customer Agree Verbally To Change Orders but give excuses when asked to confirm changes on paper or by email?   Does your customer hide when you ask for payment? To be better able to assist, we have added our FastEasyAccountingStore.com for the convenience of clients who want to do their bookkeeping and need additional Chart of Accounts and Items Lists to make their QuickBooks File work more efficiently. Option available for Contractors using QuickBooks Desktop (US Version) using our server and continue to do their bookkeeping.        Contractors who want more hands on help to Set Up QuickBooks and want to consider Outsourced Accounting Services using QuickBooks Desktop (access optional) We have a process that begins with chatting about your needs, how and what you are currently doing with your bookkeeping. Clients range from Brand New Contractor to Seasoned Contractor whether you are currently using Shoe Box, Excel Sheets, QuickBooks Desktop, QuickBooks Online or nothing at all we can help. Looking forward to being of assistance.       Enjoy your day. Sharie   About The Author: https://www.fasteasyaccounting.com/free-one-hour-consultation-bookkeeping Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. http://www.fasteasyaccounting.com/sharie-dehart/ 206-361-3950 or sharie@fasteasyaccounting.com I trust this podcast helps you understand that outsourcing your contractor's bookkeeping services to us is about more than just “doing the bookkeeping”; it is about taking a holistic approach to your entire construction company and helping support you as a contractor and as a person. We Remove Contractor's Unique Paperwork Frustrations We understand the good, bad and the ugly about owning and operating construction companies because we have had several of them and we sincerely care about you and your construction company! That is all I have for now, and if you have listened to this far please do me the honor of commenting and rating podcast www.FastEasyAccounting.com/podcast Tell me what you liked, did not like, tell it as you see it because your feedback is crucial and I thank you in advance. You Deserve To Be Wealthy Because You Bring Value To Other People's Lives! I trust this will be of value to you and your feedback is always welcome at www.FastEasyAccounting.com/podcast This Is One more example of how Fast Easy Accounting is helping construction company owners across the USA including Alaska and Hawaii put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that, and a lot more valuable to construction contractors like you so stop missing out and call Sharie 206-361-3950 or email sharie@fasteasyaccounting.com Contractor Bookkeeping Done For You! Thinking About Outsourcing Your Contractors Bookkeeping Services? Click On The Link Below: www.FastEasyAccounting.com/hs This guide will help you learn what to look for in outsourced construction accounting. Need Help Now? Call Sharie 206-361-3950 sharie@fasteasyaccounting.com Thank you very much, and I hope you understand we do care about you and all contractors regardless of whether or not you ever hire our services. Bye for now until our next episode here on the Contractors Success MAP Podcast. Enjoy your day.     Sharie About The Author: https://www.fasteasyaccounting.com/free-one-hour-consultation-bookkeeping Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. http://www.fasteasyaccounting.com/sharie-dehart/ 206-361-3950 or sharie@fasteasyaccounting.com Our Workflow Removes Your Paperwork Frustrations For Contractors Who Prefer To Do Your Bookkeeping Fast Easy Accounting Do-It-Yourself Construction Accounting Store Is Open Most Contractors Setup QuickBooks Desktop Version In One Of Three Ways: #1 EZ Step Interview inside QuickBooks Setup #2 Asked Their Tax Accountant To Setup QuickBooks #3 They Attended A How To Setup QuickBooks Class Or Seminar And QuickBooks Does Not Work The Way They Want It Too! The Answer: #1 Click Here To Buy An Entire QuickBooks Setup For Your Specific Contracting Company #2 Click Here To Buy Just The Chart Of Accounts For Your Specific Contracting Company   Short List Of Construction Contractors We Serve Asphalt ContractorAsphalt Contractor Brand New ContractorBrand New ContractorBrick And Stone ContractorBrick And Stone ContractorCabinet Installation ContractorCabinet Installation ContractorCarpentry ContractorCarpentry ContractorCarpet And Tile ContractorCarpet And Tile ContractorCommercial Tenant Improvement ContractorCommercial Tenant Improvement ContractorConcrete ContractorConcrete ContractorConstruction EmployeesConstruction EmployeesConstruction ManagerConstruction ManagerConstruction Support SpecialistConstruction Support SpecialistCustom Deck ContractorCustom Deck ContractorCustom Home BuilderCustom Home BuilderDemolition ContractorDemolition ContractorDrywall ContractorDrywall ContractorElectrical ContractorElectrical ContractorEmerging ContractorEmerging ContractorExcavation ContractorExcavation ContractorFinish Millwork ContractorFinish Millwork ContractorFlipper House ContractorFlipper House ContractorFlooring ContractorFlooring ContractorFoundation ContractorFoundation ContractorFraming ContractorFraming ContractorGeneral ContractorGeneral ContractorGlass Installation ContractorGlass Installation ContractorGutter ContractorGutter ContractorHandyman ContractorHandyman ContractorHot Tub ContractorHot Tub ContractorHVAC ContractorHVAC ContractorInsulation ContractorInsulation ContractorInterior Designer ContractorInterior Designer ContractorLand Development ContractorLand Development ContractorLandscape ContractorLandscape ContractorLawn And Yard Maintenance ContractorLawn And Yard Maintenance ContractorMasonry ContractorMasonry ContractorMold Remediation ContractorMold Remediation ContractorMoss Removal ContractorMoss Removal ContractorPainting ContractorPainting ContractorPlaster ContractorPlaster ContractorPlaster And Stucco ContractorPlaster And Stucco ContractorPlumbing ContractorPlumbing ContractorPressure Washing ContractorPressure Washing ContractorRemodel ContractorRemodel ContractorRenovation ContractorRenovation ContractorRestoration ContractorRestoration ContractorRoofing ContractorRoofing ContractorSiding ContractorSiding ContractorSpec Home BuilderSpec Home BuilderSpecialty ContractorSpecialty ContractorStone Mason ContractorStone Mason ContractorStucco ContractorStucco ContractorSubcontractorSubcontractorSwimming Pool ContractorSwimming Pool ContractorSwimming Pool And Hot Tub ContractorSwimming Pool And Hot Tub ContractorTile And Carpet ContractorTile And Carpet ContractorTrade ContractorTrade ContractorTree ContractorTree ContractorUnderground ContractorUnderground ContractorUtility ContractorUtility ContractorWaterproofing ContractorWaterproofing ContractorWindow ContractorWindow Contractor Additional QuickBooks Templates, Resources, And Services QuickBooks Set Up TemplatesSolopreneurQuickBooks Chart Of AccountsFree StuffQuickBooks Item Lists TemplatesConsulting We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed Please Do Not Be Concerned Because If You Are A Contractor There Is A Good Chance We Can Help You! Call Now: 206-361-3950   Additional QuickBooks Templates, Resources, And Services QuickBooks Set Up Templates   Solopreneur QuickBooks Chart Of Accounts     Free Stuff QuickBooks Item Lists Templates     Consulting   We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed Please Do Not Be Concerned Because If You Are A Contractor There Is A Good Chance We Can Help You! Call Now: 206-361-3950 If you are a blogger, who writes about construction we would like to hear from you. https://www.fasteasyaccounting.com/guestblogger                                                                     Contractors_Success_MAP, Contractors_Success_Marketing_Accounting_Production, Contractor_Bookkeeping_Services, QuickBooks_For_Contractors, QuickBooks_For_Contractors,Contractors_Success_Map_Contractors_Struggle_To_Save_Paperwork_Needed_For_Taxes

British Amazon Seller
Import Chinese Products (Antoni Watts 4 of 4)

British Amazon Seller

Play Episode Listen Later Jun 19, 2017 13:51


Antoni Watts got into the Amazon business after running his own sourcing company in China. Today he’s going to teach us about how to import Chinese products. Dos and Don’ts when Considering a Supplier You may contact hundreds of suppliers, maybe even 1000. However, only a percentage of those will reply to your email. Out of those responses, you’ll be able to weed out others based on how well they answer your questions. The most knowledgeable suppliers will have follow-up questions for you based on the information you requested. It’s a strong indication that they know the product. Here are other things you want to know from the supplier before you import Chinese products: Ask for a list of past customers they have worked with Find out if they’ve ever exported to your market (geographic location) Within a few days, you will have your list down to 4-5 suppliers you’re interested in. Go with your gut! Steps to Take Once Your Ready to Order You’ve received your samples. Now you’re ready to order. You can do it a couple of ways: 1. If you already have a relationship with the factory, you can simply send an email and let them know you’re ready to order. They will send an invoice and ship your products. Some factories may require you to pay a deposit upfront. Once you do that, your products will be on the way. 2. If you’re establishing a relationship with a new factory, they may ask you to submit a Purchase Order. Regardless of whether you’re ordering via email or a purchase order, make sure every detail is listed regarding the item, the packing order, and the quality assurance standards. Send pictures of specific improvements if need be. Everything should be listed as you hope to receive it. It helps you to catch any mistakes or any missing details before receiving your shipment. Information on How to Export and Import Chinese Products You think you’re ready to order. You’ve been in contact with the supplier. You’ve received your sample and even talked about how many units you need. But wait… You need to get clear about a few more things before your product leaves the factory. Check the freight costs Contact the freight forwarder (Who will be handling the shipment? Exactly how will the package be handled?) Find out if there are any product regulations Shop your product around to 1-3 freight forwarders. It allows you to cross-reference pricing and to learn about various processes or regulations Make sure the factory packing is secure (item to box, box to carton, carton to outer carton/crate) Ask for examples of other customer shipments to learn about any differences Drop test (optional) Vibration test (optional) Know exactly what all of this looks like prior to placing your order. Watch How to Import Chinese Products with Antoni Watts of Cashcow Pro Part 4 of 4

No-Budget Nightmares
EPISODE 38: ORDER OF ONE (2006)

No-Budget Nightmares

Play Episode Listen Later Sep 20, 2013 90:30


Wait! WHAT?! No-Budget Nightmares is BACK?!! Why didn’t anyone tell me?! Actually, the return of the NBN Podcast is imminent, but while you’re waiting why not check out this LONG LOST bonus episode! Recorded way back in June, Moe and Doug tackle the wonderfully bizarre Canadian martial arts flick ORDER OF ONE: KUNG-FU KILLING SPREE, which is chocablock full of heart-ripping, head-smashings, NUNCHUCKS and heaps of wonderful Grade-A Canuck cheese. Rent Order of One: Kung Fu Killing Spree on Amazon.com Purchase Order of One: Kung Fu Killing Spree on Amazon Also, you can watch it right now. LEGALLY.   Or, if you don’t want to sit through the whole thing.. Check out this highlight reel that Doug put together: Exciting, EH?【まとめ買い】【日本製】☆甚平グレコ☆ (1-1-115) 【50点】ptty『FS』www.lifeinsurancequotesin.com北欧家具 インテリア 無垢材 シチュエーション次第で分割してお使い頂くことのできる3人掛けソファ富士工業 ASRL-3A-9016L-SI シルバーメタリック スタンダード [レンジフードファン(シロッコファンタイプ・スリム型 90cm幅 左排気)]国産こたつ掛け敷き布団セット【かれん】 5尺長方形 激安セール アウトレット価格 人気ランキングパソコンデスク 仕事机 システムデスク シェルフ/ワゴン 3点セット 【 ウォールナット ブラウン 茶色 木目 】【勉強 学習 事務机 仕事机 机 システムデスク キーボード マウス オフィスデスク アンティーク イギリスアンティーク家具 ライティングビューロー デスク 1930年頃 英国製k204【さくら紀行 (339-101) ※セット販売(60点入)】2017年 販促・ノベルティグッズ[返品・交換・キャンセル不可]17-18 L1 エルワン ウエア FAIRBANKS JACKET フェアバンクス ジャケット L1TA リタ レディースマイセット Y1-90EN【ポイント20倍】(業務用5セット) 角利産業 エマージェンシーツールキット ESN-80Nダイニング5Pセット ダイニングテーブル 5点 4人 ダイニング用 食卓用 ダイニングセット5点 ダイニングテーブルセット アンティーク シャビー (チェア?木製)Espoir-エスポアシリーズ 【家間仕切 アコーデオンカーテン ドア シックマテリアル(プリエNo.6211)アルフィン 霧除けひさし  D500×L3200 AF79【B3372】トーエイライト(TOEI LIGHT)ソフトバレー・バド支柱SS40【 ハンドルなし3段 6-3-B-7 】 【 厨房器具 製菓道具 おしゃれ 飲食店 】グッチ GUCCI トートバッグ ウェビングライン GGプラス ベージュ&エボニー&ブラウン 211134 KGD3G 8527 メンズ レディースサラヤ ヒビスコールSH 噴射ポンプ付 1L×10本【代引き不可】ORIRO ワイヤーロープ式梯子(5号)&BOX(スチール)セットシリーズ最高級モデル誕生,本格派ルームランナー(トレッドミル)FT021 送料無料      10P18Oct13