The U.S. Small Business Health Index increased 0.4 points m/m in March amid a continued fall in the number of small businesses failures. The index reached a 27-month high as the failure ratio, which compares the survival rate of small businesses over the prior year, currently hovers around an over four year best. However, card utilization, percentage of cards 61+ DPD and the percentage of dollars 91+ DPD have all trended higher in recent years, a negative for the overall index.… Read the rest
By: Courtney Feider, Executive Coach, Behavioral Facilitator, and the Author of “I Heart Creativity”
Creative professionals used to be a specific category of worker in the knowledge economy, confined to their own imaginative roles and asked to do whatever upper management requested—no more, no less. Today, things are a little different. Creativity is becoming more valuable across entire organizations, especially at the top. In a 2014 Adobe study, 82% of companies reported a strong connection between creativity and the bottom line. Yet 61% said they didn’t see their own organizations as terribly creative.
If that points to a creativity gap, it exists nowhere more clearly than at the C-suite. Here are four of the most underappreciated reasons why truly creative leaders are now more likely than ever to have
By: Kathy Linscott, NACM Commercial Services
OFAC stands for Office of Foreign Assets Control of the US Department of Treasury. It administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States.
OFAC compliance is critical for U.S. businesses working with overseas partners, such as foreign suppliers or clients. Regulations are in place in part to ensure that companies don’t unwittingly do business with terrorist organizations or other unsanctioned entities.
OFAC publishes lists of individuals and companies owned or controlled
The Western Region Building Materials Group is a progressive group of building materials distributors and/or manufacturers, all selling in the western U.S. This group is engaged in the exchange of credit experience information to assist each credit manager in their own respective credit decisions for their companies. The group has been successful in entertaining other credit topics of interest and welcomes special guests for presentations, both customer based and/or professional development.
This group is currently meeting quarterly at various locations in the western U.S. to assist all members with travel expenses. They welcome guests and companies potentially interested to seek and find the same values they have established together working and networking with each other. The group recently met in Long Beach, CA and enjoyed staying on the Queen Mary for their overnight accommodations.… Read the rest
By: William Fig, Partner, Sussman Shank
Everyone involved in the construction industry should be generally aware of the technical, statutory quagmire that is Oregon construction lien law, ORS Chapter 87.001, et. seq. The most known requirements are the deadlines for lien notices, the recording of
The first such trap may be sprung early on in the life of a project, well before any problems arise or a lien is filed, and it has serious consequences for material suppliers.… Read the rest
By: Christie Citranglo, NACM editorial associate
When working with customers, paying attention to the volatility of the current market can be a deciding factor when extending credit to a new or existing customer. Terms can be impacted by the state of the current economy, and customers may have complications in their industry due to bullish or bear markets.
With any trends in the market, taking note of patterns from past recessions and flourishing markets can aid in making credit decisions, despite how unpredictable a certain market can feel at times. According to a recent webinar by Moody’s Analytics titled “Navigating Choppy Markets: Focus on Asia,” Asian and American markets are becoming increasingly risky, but this pattern of risk does not deviate from patterns of the past.… Read the rest
With the release of the Experian/Moody’s Analytics Q4 2018 Main Street Report, you can view the latest insights on small business credit conditions; interact with dynamic graphs; read commentary from the economists at Moody’s Analytics and share them with your network.
Use the latest quarterly small business credit data to spot trends before they affect your bottom line — DOWNLOAD REPORT.
Q4 2018 Highlights:
Small business credit shifts from positive to neutral
Rising delinquency in Construction industry
Government shutdown impact on small business
Look for Q1 2019 coming soon.… Read the rest