Extracting project management efficiency

We know we are a financial company. We know you're probably thinking, "why are they talking about project management?"

Here's our reasoning, we're all about saving anyone as much as possible, and inefficient project management is a quick way to form a drain of cash.   There are many effective project management characteristics. We going to address a few: employee satisfaction, automated systems, and optimized database management.

We have yet to master any of these. However, we believe that soon after implementing efficient project management, we will be able to optimize each of the factors. Optimization leads to significantly reducing overhead. And we love the costs saved from reducing overhead.

Employees that get tasks done in a quick, excellent, and enthusiastic manner will produce great results for all parties involved. Customers will be satisfied. And even when things go horribly wrong the right employee can make it all right with attitude, actions, and words.

The automated systems will help improve efficiencies all over your firm. These systems can help make transactions faster, and employee jobs easier. When jobs are easier, more tasks can be accomplished. When more tasks can be accomplished (as long as in great quality), more revenues can be generated. And everyone knows that when more revenues, everyone is happy.

Lastly, data management can make receipts, invoices, proposals, tax records, bookkeeping, employee retention either work for your company or against it. Choosing the right software/system for optimizing data management is of paramount importance.  It can mark the difference between losing a lawsuit and having a case thrown out, or having the IRS breathing down your neck after misreported invoices and payroll. And no one wants an IRS audit, it lowers employee moral and doesn't look good when customers see people flipping through important records.

Remember to keep up with the changes in technology. It seems like everyday that our company hears about a new firm, that has successfully exploited an untapped market and provided an excellent service to benefit entrepreneurs. And with each exploit, finds a way to make our company run more efficiently as well as with more agility.

Using revenue to repay loans, Revenue Loans is orginal

On its website, Revenue Loan proclaims, "Revenue Loan provides funding to companies in exchange for a small percentage of future realized sales. This is Revenue Based Finance"

From the get-go we see great things for future entrepreneurs and this company. Revenue Loan has no interest (no pun intended) in taking board seats, or equity in a company. It simply settles for a percentage of the borrowers revenue until the loan is paid back plus interest.

Best thing about this arrangement...they aren't primarily concerned with the payback period.  This takes most of the pressure off of the company's owner. In turn it allows the owner to concentrate on growing revenue during the start-up phase; all while it takes a cut out of that growing revenue. Revenue Loans does, however require up to 5x the amount of the borrowed funds to be repaid. This number may seem a bit too high. But it is a fair multiplier considering the owner doesn't have to give up equity, control, or focus when borrowing.

All in all, we think this is a breath of fresh air for any interested business owners. With the exclusivity of venture capitalism, and the scarcity of banking loans...the repayment structure(revenue based financing) of Revenue Loans seems to be the answer.

Right now Revenue Loans is currently in series funding, but keep it in mind as you search for new funding sources.

Real-time Collaborations

The wave is about to overwhelm the people of the world as Google Wave is opened to the public. This move marks the day that collaboration (professionally and socially) is changed forever.

When Google first debuted the wave communications platform, it was said that it would make all communications between parties more efficient. That goes without saying that two colleagues, on opposite sides of the planet, who can work on a looming project in real time will become increasingly valuable over the next few years.

Today is the day that social becomes closer than it was to being fully integrated both inside and outside of companies, no matter how big. I've used wave to play sudoku and chess with friends. And also to work on a project with a team back home, while I was on vacation in Puerto Rico. This platform is phenomenal and from what I've read about the updates...this Google labs product has gotten even better over the past 9+ months.