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Businesses go into debt for several reasons, including expansion, poor management and sometimes unexpected expenses, according to Financial Web. Some managers make the mistake of waiting to deal with their debt. Businesses that deal with their debt sooner rather than later make out better in the long run. Businesses that don't manage their debt will face intense pressure from their creditors and may even face lawsuits down the road. Commercial Debt Counseling Commercial debt counseling is similar to consumer debt counseling, but commercial debt counseling works with businesses instead of individuals. Commercial debt counseling helps businesses eliminate their debt and avoid bankruptcy by working to create a repayment plan with their creditors, according to CommercialDebtCounseling.com. Two commercial debt counseling websites are DebtReliefUSA.org and DebtLeap.com. Business Debt Consolidation Loans ...

A creed takes a set of beliefs or ideals and puts them in concise written form. It is different from a set of rules in that it is a statement, not a list. A code of conduct creed highlights the values and motivations behind the desired conduct. It does not get into specifics or talk about enforcement. It is the why that explains the how. Writing a code of conduct creed is trickier than it seems, but with an understanding of what you are trying to achieve and some guidelines to go by, it can be a very fulfilling experience. Decide what values match your identity as a group, how you wish to behave with each other, and your collective intention. Is it service, innovation, creativity or providing security? Keep in mind that when others read this creed, they will be getting insight into what guides how you do what you do. Ask questions of each other and as a group about who you are, why you are together, what you are hoping to achi...

Beginning a foundation is a rewarding process for those who form it, and a beneficial thing for the community of people meant to receive the aid of the organization. An essential part of starting a foundation is establishing a bank account in the foundation's name that will act as the vehicle for all financial transactions. Knowing what to expect from the account opening process will make it a smooth event for all involved. Visit the bank with which you want to establish the account, bringing your legal documentation with you. This should include the documents that show your status as a nonprofit organization, any other paperwork that describes your foundation as an organization, and documentation of your new EIN. Determine who in the foundation will have signing authority. The organization's treasurer and director are good choices, but also consider any other person who may need to sign checks or have access to the ac...

Business these days requires project managers to be flexible and respond well to change. Agile Project Management is a specific approach to project management that attempts to deal with projects that need to change quickly and address change effectively. Identification Agile Project Management is a method of project management that encourages a team approach to projects. This process allows the project scope to change rapidly and frequently, by placing emphasis on stakeholder involvement and communications. Software development projects commonly use the agile method of project management. Scope Management In Agile Project Management, there is a greater need to be aware of scope creep, given the fact that changes to the project tend to come quickly and need to be integrated equally as quickly. Scheduling Scheduling is a challenge. Agile projects tend ...

Every business needs to keep an inventory of its assets. The inventory is useful to determine the value of your physical assets, to provide a list for insurance purposes, and to calculate depreciation. If your business has valuable equipment, such as computers, you will want to keep track of that investment so items do not go missing. There are many styles of asset tags, but the highest-quality tags are aluminum labels with strong adhesive on the back. They are customizable, so consider getting tags with the company name, the asset number and a bar code. Apply the asset tag to the piece of equipment in a clean, flat location. Avoid textured surfaces. Press the tag firmly around all edges to ensure the adhesive gets the most contact. Log the information in your spreadsheet or paper. Peel the asset tag from the backing. Choose a location that will be easy to find and read later but not so as to invite tampering or defacement. In...

One of the most important decisions to make when starting a new business is what kind of financial information system to purchase. There are basically two types: the off-the-shelf package, which is ready to use, and custom scalable packages that require considerable expertise to install. The latter are much more expensive than the off-the-shelf packages. One thing is certain, you need to accurately track your key financial information in order to maximize profitability and to reduce overhead expenses. It is extremely important to pick the right system for your business. Off-the-Shelf Financial Information Packages Most new businesses can start with an off-the-shelf, all-in-one, ready-to-use accounting package like QuickBooks or Peachtree. For around $250, you can have a powerful financial information system that is capable of providing you with a full set of financial statements and many other types of reports. But this is not true fo...

The International Standards Organization (ISO) created the technical standard TS16949 which is applicable to the automotive industry. It is commonly referred to as a Quality Management System. It is an extension of the ISO9001 Standard. With specific emphasis on defect prevention instead of detection, the standard is a guideline with which companies work towards continuous improvement in areas that govern the quality of the products being created. Internal auditing is a key component of a TS16949 registered quality system. Audit Planning It is a requirement of the TS16949 Standard that you have a documented audit schedule to include the areas you will be visiting. Choose your internal audit team from your trained internal auditors list. Notify the head of the selected area of the pending audit. Work with your audit team to prepare an audit plan which directs the team to their interviewees and locations to perform their observat...