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Amid Political Turnmoil Tunisia Banks Reopen

January 30th, 2011 | No Comments | Posted in News

In Egypt, Tunisia, Lebanon, Yemen and Cote d’Ivoire, political unrest and protests are breaking out all over the Middle East and Africa. After years of repression the people of Tunisia have finally ousted President Zine El Abadine Ben Ali, but a new president has not yet been put into power. The protests in Tunisia are said to have given citizens in Yemen, Egypt and Lebanon the courage to take to the streets and voice their outrage. The new Governor of the Central Bank of Tunisia, Mustapha Kamel Nabli, is asking businesses and banks to do business as usual now that President Zine El Abadine Ben Ali has fled the country. A warrant has been issued for Ben Ali because authorities believe that he fled with money belonging to the country. In an effort to help rebuild the ailing nation, Nabli has been speaking to corporate executives and bank officials to see what can be done to keep financial problems at a minimum.

Stocks have been up and down during the last few weeks because of all of these protests. Many governments have been weakened and as a result, businesses have been forced to close. Besides ensuring that the people of Tunisia have enough food, water and supplies to help them get by, Nabli is looking towards keeping business relations with neighboring countries strong. If Tunisia can quickly recover and reestablish their government, there is a good chance that there will be no negative long term effects on their business industry.

Secure More Clients With Less Work

January 26th, 2011 | No Comments | Posted in Business

If you want to effectively grow your company you will need to constantly look for new clients. It doesn’t matter if need to gain 10 or 100 new customers a week in order to stay competitive. While you might be exhausting your resources and yourself at the same time there is an easier way to achieve your goals. The best way to get new business is to let your current customers do all of the work for you. If you focus on supplying them with quality customer service then your clients will want to tell all of their friends and family about your wonderful company. Think about the companies that you personally do the most business with and then consider how you got to know about them in the first place. Undoubted you likely found at least a handful of these business on your own, but the vast majority probably came your way via a referral. Lendio hasn’t announced any intentions of setting up an official referral system as of yet, but the main way that they get their new customers is through word of mouth advertising.

Before you sign on the dotted line you will want to be sure that you are getting the best possible deal. Although you will be excited after you have been approved for a few small business loans you will want to carefully look over the terms to ensure that you will be able to live up to your end of the bargain. As long as you can keep your existing clients happy you will never need to exert a lot of energy in order to secure most of your new clients. Make a great first impression and you will be able to retain these new customers for life, and with a little help from Lendio you can be certain that the task will be simple.

Why Aren’t CEOs Feeling The Brunt Of The Recession

January 8th, 2011 | No Comments | Posted in News

Whether you are a business owner or a job seeker fresh out of school, you know all too well how difficult it as been to survive during the recession. You may have had to take a benefit or settle for a job with reduced benefits. Perhaps you have relocated several times in the last few years chasing leads, or maybe you have even had to move in with your parents. Not surprisingly, there is a small group of people that have not had to make any concessions. You may expect that politicians and tenured federal employees have continued to get increases in pay, but CEOs, even those employed by companies that have received bailout funds, are still getting hefty bonuses. In fact, the average salary of a CEO is more than 150 times that of the average Canadian. In the US, CEOs make even more money. Certainly, successful people should make more money than an unskilled laborer, but how are high ranking corporate officers entitled to performance based incentives when the companies that they represent are under water?

When the recession first hit, a few social conscious CEOs donated their entire bonuses to charity or gave them back to their companies so that some of their subordinates could keep their jobs, but no such news was reported this past year. While people continue to have their homes foreclosed on and struggle to provide their families with the most basic of necessities, a privileged few have been able to go on with business as usual. Of course, even if all of these high paid CEOs donated their bonuses it would not have a marked effect on the economy as a whole, but it would have a psychological impact on the entire workforce. Although the average salary for high ranking corporate officers has grown exponentially in the last 20 years, eventually a salary cap will need to be put in place in order to guard against a similar financial meltdown in the future.