Does your start-up have spend control?
“Money is like gasoline during a road trip. You don’t want to run out of gas on your trip, but you’re not doing a tour of gas stations.” – Tim O’Reilly, O’Reilly Media founder, and CEO
Any person with an IQ knows that starting your own business is like signing up to be a bull rider. There are a lot of aspects to be weighed up before even deciding to go ahead and ride the bull.
If you have never been part of the purchasing process, chances are you won’t know what a purchase order is or what a delivery order is. As a matter of fact, you probably won’t know that these 2 have nothing to do with each other. So, you might ask, “what are they?”
On the universal quote that “no question is a stupid question” I’d be glad to elaborate on this subject for you.
A lot of effort goes into planning a construction site. Just ask any construction CFO that has to submit analysis, projections and plans months before the project even commences. It’s no wonder the CFO is nicknamed Ruler of Results.
Not only is there a lot of planning that goes into the construction site before the project starts but there are also unforeseen pitfalls that occur after the construction site is bustling with work. For a construction CFO or project manager who is already on edge by having all their balls in the air, even the slightest thing going wrong would be too much to handle.
Why do I need to waste time on purchase orders! Why are there different ones to choose from?
A purchase order includes the details of the product you or your company need. It is filled out by the person in charge of purchasing who then authorizes the purchasing of goods and sends it to the supplier, so they know what is needed.
While there is an overlap between a Purchase Order (PO) and a requisition, they are as different as chalk and cheese! A PO requisition is more of an internal document sent to approvers and is not legally binding contract yet, as it is not sent to the suppliers.
Continue reading “What is a Purchase Requisition?” »
There is never really a 100 percent guarantee that your projects will run smoothly. Construction businesses build reputations around their ability to create strong, reliable structures that stand the test of time. Because of this very important distinct fact, precautions and all the involved factors need to be taken into account before planning your project. Construction business owners are constantly assessing on-the-job risks, but it’s critical for them to keep an eye on the common issues that bankrupt their peers.
An upsurge in fraud has left company owners and social entrepreneurs feeling uneasy. This is not a new trend. Organizations have been plagued by fraud for years and it has threatened the existence of well-established charities like Oxfam and The Cancer Fund of America.