Monthly Archives: December 2020

Know More About PR Crisis

A PR crisis can be challenging to navigate, but these six steps can help your brand recover. A PR crisis occurs when negative events or reviews thre ditoraten to impact your brand reputation slot online. Bad PR is likely at some point, but how your company responds can determine how detrimental the impact becomes.

These six tips can help you navigate a PR crisis, limit the damage to your brand and emerge the other side unscathed. This article is for small business owners interested in strengthening and protecting their brand reputation. Public relations is a concept every small business has to deal with at some point. From online reviews to general customer satisfaction, if you run a business that has to deal with the public, you’re in the public relations business.

Part of public relations is effectively dealing with negative news and events related to your business. Accidents happen. Problems pop up. Your business can never be fully safe from potential negative events that could impact your relationship with your customers. What’s important, however, is understanding how to handle these problems when they occur, so you can mitigate damage and ensure your business weathers the PR storm.

 

Why is it Difficult for Small Businesses to Get Loans From Banks?

Capital is difficult for small businesses to access for several reasons. It’s not that banks are against lending to small businesses – they want to – but traditional financial institutions have an outdated Situs Nonton Movie Sub Indo, labor-intensive lending process and regulations that are unfavorable to local shops and small organizations. The difficulty of accessing capital is exacerbated because many small businesses applying for loans are new, and banks typically want to see at least a five-year profile of a healthy business (for instance, five years of tax data) before extending an offer.

Alternative financing is any method through which business owners can acquire capital without the assistance of traditional banks. Generally, if a funding option is based entirely online, it is an alternative financing method. By this definition, options such as crowdfunding, online loan providers and cryptocurrency qualify as alternative financing.

Why might small businesses seek alternative financing?
There are several reasons why small business owners such as yourself might turn to business loan alternatives. Here are three of the most common:

Lower credit requirements. Traditional banks are almost certain to decline loans to borrowers with credit scores below a certain threshold that, though different for each loan provider, is often between 600 and 650. Easier qualification. Not all small business owners meet the additional requirements to apply and be approved for traditional loans. In these cases, business loan alternatives are helpful. Faster approval. Traditional bank loans can take weeks to be approved, whereas some business loan alternatives give you access to funding in as little as one week.

Difference Between Cash & Accrual Accounting Method

Small business owners are often confused about the difference between judi online cash and accrual basis accounting. This might sound like something that an accountant should show but this information is useful for business owner as well. In this article, we’ve explained how each of these accounting methods work. Find out more which accounting method is best for your business.                 

Introduction to Cash method

Cash method is an accounting system that identifies income (or revenue) only when payment is accepted and expenses only when payment is done. The cash method is straight forward in sense that the business’s books are maintained on the basis of the real flow of cash in and out of the business. In this case, income is logged as soon as it is received, and expenses are reported when they are truly paid.

The cash method is implemented by several sole proprietors and trades with no inventory. The cash basis is generally practised by small companies and users because it is comparatively easier and less costly. Cash basis accounting does not follow with the rules of generally accepted accounting principles (GAAP) and it often leaves a time gap between recording the source of an action (purchase or sale) and its result (disbursement or receipt of money).

If in certain situation, a client pays you in advance, cash accounting method permits you to account for those funds on your income statement when they are accepted instead of waiting till you truly earn them. Cash method also offers a lot of inventive freedom to handle what you own in the bank to suit your own style of accounting and context at any time. This makes the accounting process easier for tracking internally.

Introduction to Accrual method

The accrual method of accounting is the theory of recording revenues when received and expenses as gained. Accrual method of accounting is the normal approach to recording and maintaining transactions for businesses.  This method logs revenues on the income statement when they are received even if the client will pay after period of 30 days. In the situation when the revenues are earned the business will credit a revenue account and will also debit the asset account Accounts Receivable. In this case, when the customer pays after 30 days passed when the revenues were earned, the company will debit cash and will also credit Accounts Receivable.

The accrual method of accounting is supported under both generally accepted accounting principles (known as GAAP) as well as international financial reporting standards (known as IFRS). These accounting frameworks offer sufficient guidance on how to account for revenue and expense transactions in the devoid of the cash receipts or expenses that would activate the recordation of a business under the cash base of accounting.

In terms of accounting, the accrual method and the related adjusting entries will outcome in a complete and precise reporting of a company’s properties, equity, liabilities, and remunerations during all accounting process.

Jeff Bezos announces first beneficiaries of Earth Fund

The world’s richest man, Jeff Bezos, the Founder, CEO and President of Amazon, has announced the first situs slot online beneficiaries of the Bezos Earth Fund.

The announcement of US$791 million, as part of Bezos‘ US$10 billion Bezos Earth Fund treasure chest, makes the 56-year-old the world’s biggest backer of climate activism. In one day, Bezos single-handedly boosted the total amount of climate-related philanthropic funding available in the US by around 11%, Quartz reported.

Bezos Earth Fund’s money is equivalent to more than 7% of his net worth. It is also 10 times as much as philanthropic foundations gave globally in 2018 to efforts to slow climate change.

“I’ve spent the past several months learning from a group of incredibly smart people who’ve made it their life’s work to fight climate change and its impact on communities around the world. I’m inspired by what they’re doing, and excited to help them scale. Today, I’m pleased to announce the first Bezos Earth Fund recipients —16 organisations working on innovative, ambitious and needle-moving solutions. This US$791 million in donations is just the beginning of my US$10 billion commitment to fund scientists, activists, NGOs and others. We can all protect Earth’s future by taking bold action now,” Bezos said on his Instagram page.

The organisations represented in the investments all have solid reputations for climate activism. The largest individual grants (US$100 million) go to top Washington DC environmental groups including the World Resources Institute, Environmental Defence Fund and Natural Resources Defence Council.

“This generous gift from the Bezos Earth Fund enables Natural Resources Defence Council to move even faster on achieving the climate solutions we need at the federal, state and local levels to protect people’s health, strengthen nature’s ability to help fight climate change and grow the clean energy sector and all the jobs that come with it,” Natural Resources Defence Council administrator Gina McCarthy said in a statement.

The full list of recipients of Bezos’ largesse is: The Climate and Clean Energy Equity Fund, ClimateWorks Foundation, Dream Corps Green For All, Eden Reforestation Projects, Energy Foundation, Environmental Defence Fund, The Hive Fund for Climate and Gender Justice, Natural Resources Defence Council, The Nature Conservancy, NDN Collective, Rocky Mountain Institute, Salk Institute for Biological Studies, The Solutions Project, Union of Concerned Scientists, World Resources Institute, and World Wildlife Fund.

The Bezos Earth Fund is Amazon’s answer to its own record on carbon emissions. Amazon has pledged to reach carbon neutrality by 2040. Its most recent sustainability report showed that its carbon footprint, for now, is rising quickly —up 15% in 2019 compared to 2018, when the company disclosed its emissions for the first time.