A recent University of Pennsylvania study found that 64% of respondents who had recently used the Internet did not know that it is legal “for an online store to charge different people different prices at the same time of day.” Research shows that people often get upset if they learn that they paid more than […]
Dr. Alok Aggarwal, founder and chairman of Evaluserve, said that the key for smaller businesses looking to outsource is to form buying cooperatives that sufficiently aggregate demand, the Westchester County Business Journal reported. Participating at a June 23rd panel discussion at Pace University, Aggarwal said that India has attracted $17 billion in exported business activity, […]
Many private companies are strengthening their accounting practices so their large company customers can comply with the Sarbanes-Oxley act, Business Week reported. Financiers are also holding companies to a higher standard as conditions for deals, requiring documented audits and oversight committees, both Sarbanes-Oxley requirements. Colleen Cunningham, CEO of Financial Executives International, says compliance is not […]
Hain Celestial, maker of Terra Chips, Celestial Seasonings, Garden of Eatin’ and other natural and organic foods, announced the final implementation of its Stock Keeping Unit rationalization program. The company is eliminating 500 SKU’s that are competitively disadvantaged, as a result of small production runs, and low volume of sales. The company expects to save […]
Here are six cash flow boosters, as provided by consultant Norm Grill, and published in the June 20th Westchester County Business Journal: 1) Establish payment terms from the start, with your proposal, estimate or contract; 2) Analyze customer payment patterns, and revise terms and payment methods so they are more favorable for you; 3) Closely […]
Krispy Kreme managed to stumble into most of the pitfalls in the franchise model, according to the cover story of the June, 2005 issue of CFO Magazine. It focused on growing revenues and profits at the parent-company level, while its franchises struggled. Raw materials and equipment were sold to franchisors at exceptionally high profit margins. […]
David@RudofskyAssociates.com
Phone: 1-914-216-3566
Based in New York City. Doing business nationally.
