US Debt $14T. Latest plan to avoid ruin is to cut $1T over the next 10 years. Compound interest on $13T over 10 years = $8T. Fail.
Borrowing on projected growth is always dangerous and risky, but particularly so if you already have huge debts (as the US has) – the interest alone is crippling.
Right now they might not seem to have a choice, but that merely proves the original point, doesn’t it?
(btw that’s correct spelling for Australian – “Check” if you’re American)
At least inside Australia, paying by direct bank transfer is very easy, and fast. For some things, paying by credit card is easier although one side tends to have to eat some costs for that (% to the credit card gateway).
What surprises me is that some companies still pay by cheque. Process-wise, this makes no sense to me:
What a lot of effort!
After due consideration, I can think of only one reason why companies do this: cashflow management, aka by sending a cheque through the mail they’re actually delaying the payment coming out of their bank account.
If it is just cashflow trickery, do you feel that kind of business process is valid? Shouldn’t a company just be able to pay its invoices when they come in?
What do you think? Any other plausible reasons?
From an email to my private address:
I hope you are the right person to talk about new companies interested in having business relationship with you.
If yes, then let me know the specific industry you are interested in, i will come back to you with a sample file of companies and their contacts with complete contact information such as business email, direct phone number etc of each executive.
These companies and contacts index can be used for your upcoming multi-marketing initiatives.
We also clean or append your inhouse marketing database. Just send me a minimum of 25-50 company names in an excel spreadsheet format, we will fill complete contact information such as e-mail address, phone, fax, mailing addresses etc. This way you can understand the quality of our service.
[…]
P.S.: If you want to stop receiving emails from us, please send a reply with the email subject line as “Leave Out”.
So many things wrong.
That’s why we have Upstarta principle#10: No spam. Not if you call it “email blast” either. Newsletter for clients is fine.
Spam may be “effective” in terms of being highly profitable compared to direct cost – but good business people care about more than just that.
QR codes are a useful addition to a business card design, enabling linking to your website or allowing easy pickup of all your contact details. Recent versions of the (open source) Inkscape design app have support for creating QR codes. You can also use this online QR code generator.
See this article and examples of business card designs in DzineBlog
In economics, the Jevons paradox (sometimes Jevons effect) is the proposition that technological progress that increases the efficiency with which a resource is used tends to increase (rather than decrease) the rate of consumption of that resource.[1] In 1865, the English economist William Stanley Jevons observed that technological improvements that increased the efficiency of coal-use led to the increased consumption of coal in a wide range of industries. He argued that, contrary to common intuition, technological improvements could not be relied upon to reduce fuel consumption.[2]