Credit Matters

Invaluable Reading From Australia and Around The World

Contributing to our position as Australia’s premium Financial Risk Management resource, our management globally explores and surveys relevant and valuable articles published by respected professionals, academics and organisation. The articles offered here are suggested reading for any Business Owner and Financial Risk Management professional.

Invaluable Reading From Australia and Around The World

My Mentor Is A Drug Using Scam Artist In Need Of Anger Management

Judith Dejino

21 Aug 2014

Learning is an on-going part of life. The strength of Judith's article is as a reminder that we continue to learn about ourselves from the most unlikely of sources.

In Judith's story, we see the mentor learning about themselves from the very person she was mentoring.

Irrespective of roles in life at any one time, I believe we can take a lot of positives from Judith's Lessons of Success illustrated below.

Lessons for Success

My mentors are teaching me to...

  • Keep showing up because it benefits both them and me.
  • Face challenges and find solutions in areas that I know nothing about.
  • Come prepared, but be agile.
  • Expect more from myself because they expect more from me.
  • Understand how I am influencing those around me which requires me to individualize my approach based on their needs.
  • Learn from everyone - those above, below and to the side of me.
  • Seek to understand before making assumptions.
  • Do it even though it is uncomfortable at times, so I can learn.
  • Believe in my abilities which are validated in every successful step I have influenced.
  • Be humble - you never know what gifts will come your way when you let down the walls of ego.
  • Realize that sometimes all that is necessary is to validate someone's worth.

In fact, the article itself is worth a read if you are interested in learning more about the world around you.

The Risk of Dodgy Debt Collection

Natalie Walker of Blitz Credit Management

5 Aug 2014

Natalie Walker illustrates a number of issues which can cause problems for the business owner who uses a dodgy debt collector. Her observations are based on a recent case brought by the ACCC.

Today there are strategies and tactics which are no longer acceptable and might be used by debt collectors in an effort to collect the debt. The dodgy debt collector will often employ such unacceptable tactics which are now illegal. In turn, if such illegal tactics are discovered, the ACCC may well take action, which allows become public at some stage.

Often, and what is often not realised by many business people, is that they can also be included in any action initiated by the ACCC. In addition, if the alleged behaviour is serious enough, the police may also become involved.

If you wish to avoid the unpleasant repercussions and bad publicity of using a dodgy debt collector, Natalie's article is worth reading.

Uncovering cash and insights from working capital

Ryan Davies and David Merin from McKinsey & Compan

24 Jul 2014

As the authors of this article so wisely articulate, managing a company’s working capital isn't the sexiest task in business. However as they also point out, it is extremely important in maximising the opportunities of improving cashflow without increasing sales or reducing expenses.

The most important part of this article is the authors' explanation of the cash which is tied up in a company's accounts receivable operations. In studying their work more closely, you will begin to realise the benefits of reviewing your accounts receivable operations.

We also find out why management and CFO's, particularly in the larger corporate companies of the world, do not concentrate on the receivables to the extent that they should.

I suggest this article is well worth reading if you are interested in improving your company's cashflow, profit and efficiencies, irrespective of the size of your business.

 

How to stop wasting time and start getting more done

Jason Smith

22 Jul 2014

Jason Smith has provided three handy hints about managing your time wisely.

What makes Jason's remarks valuable is that they come from a business owner who struggles with time management as do many of us.

Jason's three main hints are to (i) plan your day, (ii) take control over your emails they don't control you, and finally (iii) keep track of your daily achievements.

Tracking your daily achievements is as important as any other task. Tracking provides evidence of your daily work which in turn, gives you a level of satisfaction at the end of a business day when you may doubt you have doen anything worthwhile. In addition, you have the information to assist in preparing a more efficient working day in the future.

A quick look at Jason's Blog may help re-evaluate and refresh your own work behaviours so you gain better value of your own time.

Promote Your Business

Credit Matters Business Club - Professionals When You Need Them

If you are a specialist supplier of financial risk management products and services, then you need to be listed in Credit Matters Better Business Club.

Read More
Promote your business with Credit Matters
IMA Bronze Member Supporter