Month: October 2018

Frank H. Crerie Is A Respected Entrepreneur And Business Investor

Entrepreneur blogger

Frank H. Crerie is an experienced businessman and has founded several businesses in his successful career of more than 55 years. Some of the companies with which he has been involved include Mundoro Mining, Doreal Oil and Gas, White Shield Oil and Gas, Corriente Mining, Minbanco. Under his guidance, he helped business ventures to reach new heights of success and gain excellent profits. An expert in the fields of investment banking, venture capital and corporate finance industry, he also served as a Director of Molina Mineral Exploration and was also the co-founder and financer of American Tidelands, Standard Uranium and Stan rock Uranium.

A lifelong entrepreneur, Frank H. Crerie, has been involved in initial public offerings serving as a co-founder and controlling shareholder on various major stock exchanges such as New York, London, American, Toronto, Vancouver and Alberta Stock Exchanges. At least two of his companies were listed on the American Exchange and more than five were listed on the Toronto Stock Exchange and Vancouver Exchange. He founded and held the position of Chairman of White Shield Oil and Gas and the company was listed on LSE, TSE and NYSE.

Frank H. Crerie has started numerous companies which have attained great success in their chosen fields. While serving as a President of Crerie & Co. from 1951 to 1963, Frank H. Crerie underwrote and developed several resource projects globally. Along from his business ventures, Frank H. Crerie regularly donates to various humanitarian organizations and charities on local and national levels. He has also donated to Child Help USA and Arizona State Universitys Art Department. He has made donations to Scottsdale Contemporary Art Museum as well. Frank H. Crerie is also an artist and in his free time, he likes to paint abstract art and gifts his paintings to family and friends. He holds a B.A. degree from Columbia University, and also attended the Columbia University Law School.

How The Sa 8000 And Other Standards Are Shaking Up The Fashion Industry

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Environmental, social and ethical pressures on the global textiles and fashion sector emerged in Europe in the early 1980s. The main driver was consumer concern over the safety of the materials. However, in parallel with this trend, a minority group of ethical consumers demanded chemical-free and low environmental impact clothing and fashion goods. This resulted in the European and later the U.S. organic labeling system being extended to include criteria for clothing and textiles, such as organic cotton. As of 2007, the sector was the fastest growing part of the global cotton industry with growth of more than 50% a year. Regarding safety standards, the Oeko-Tex standard has become highly popular in the industry. Although unknown to consumers, it tests for chemicals such as flame retardants in clothes and categorizes goods according to their likely exposure to humans (e.g. baby clothes must adhere to the strictest standards for chemicals). Thus the issue of chemicals in clothing has become largely one of liability risk control for the industry with the consumers obviously expecting products to pose no risk to their health. Organic and eco fashion and textiles attracts a far smaller, but fast growing group of consumers, largely in Western Europe and Coastal U.S.

Of far greater concern to the global fashion sector is the issue of worker welfare. The issue was highlighted by pressure groups such as
Global Exchange in the U.S. targeting Levis and Nike and others.
In the late 1980s and early 1990s anecdotal evidence began emerging from labor activists in the U.S. and Europe concerning the supply chains and overseas factories of leading U.S. and European multinationals. A key target was the world’s leading maker of denim jeans Levi Strauss, but more significantly Nike, the world’s largest sports shoe marketing firm. Global Exchange launched its Nike Anti Sweatshop campaign, focusing on the firms sourcing in China and Indonesia.

A good deal of negotiations and stakeholder meetings led to a generally accepted code of practice for labor management in developing countries acceptable to most parties involved. The SA 8000 emerged as the leading industry driven voluntary standard on worker welfare issues. SA 8000 supporters now include the GAP, TNT and others and SAI reports that as of 2008, almost 1 million workers in 1,700 facilities have achieved SA 8000 certification. The Fair Trade movement has also had a significant impact on the fashion business. The standard combines a number of ethical issues of potential concern to consumers environmental factors, fair treatment of developing country suppliers and worker welfare. The Fair Trade label has show explosive growth.

Albeit on a very small scale and not always at the top end of the fashion industry, many niche brands have emerged which promote themselves primarily on sustainability grounds. People Tree in the UK states that it creates Fair Trade and organic clothing and accessories by forming lasting partnerships with Fair Trade, organic producers in developing countries. Leading fashion journal Marie Claire ranked its top 10 eco brands in a recent issue. The key issues remain chemicals in clothing (certified by organic and Fair Trade labels), worker treatment (certified by SA 8000 and Fair Trade) and increasingly mainstream environmental issues such as climate change. The worlds largest fashion brand Louis Vuitton recently acquired a small eco fashion label. It is clear, however, from the example of Nike and Levis, that certain issues are here to stay, such as a demand by Western consumers that leading brands manage the issue of worker welfare in their supply chain properly.

How To Find Angel Investors For Your Business

Entrepreneur blogger

A business small or big, irrespective of its nature always starts with some basic investment. The process of procuring investment is not new, rather has a huge history attached to it. Every era witnessed a different style of investment procurement. Earlier, people who had bulk money were entertained first and small investors were hardly a party to big shot companies. But with changing scenarios, the picture is no longer what it used to be earlier. Nowadays, small venture capitalists or angel investors give equal importance just like other industry big shots. Though, the amount invested by angel investors may be less, yet they serve as excellent vehicles to start a business.

Whether, you are expanding your small business or are looking into creating a start-up, you may need investors to help fund your endeavor. Though a small business loan is a good starting point. But, seeking investors allows you more access to funds which you generally do not have to repay on a set schedule. These investors become a party to your agenda and reap out profits what the business makes. However, it is not like investors will give you funding without expecting anything in return, and you may need to relinquish some control of your business in order to work with certain investors. The terms and conditions are liable to change with every business agenda.

As we say, nothing comes free of cost and has a price attached to it. Similarly, these angel investors may demand an ownership or shareholding in your company, if you are an entrepreneur. But, if we talk about the advantages of finding angel investors, they are multifold than going forward with huge investment companies or banks. Also, it is quite appropriate for angel investors to park their amounts in upcoming business models. This is a win-win situation for both the parties. It helps the investors to enjoy profits and make money, while proves outstanding for an entrepreneur to conceptualize his dream and introduce the product, technology or the business idea in the market.

There are many online websites which serve as excellent tools to bridge the gap between investors and entrepreneurs. If you have any business idea, then register yourself as an entrepreneur, while if you are interested in investing your money, then register as an investor. The website will definitely help lacunating the gap between the two parties. You can easily find investors for your business and vice versa. Go make money!

How To Improve Your Businesses Cash Flow

Entrepreneur blogger

Operating a business enterprise can be fulfilling both emotionally and financially. Of course, it can also be very demanding especially if the business is just starting out or is experiencing cash flow problems.

1. Manage Wisely

A person operating his own business should devote full time in managing the business if he wants to recoup his investments and make a decent profit. A hands-on manner in managing the business is often preferred especially for small to medium enterprises.

2. Cash Flow Is Everything

The cash flow of a business enterprise refers to the income of the business plus the corresponding expenses. In simple terms, the cash flow of a business shows if the business is indeed making money or is losing. By determining the cash flow of a business, the entrepreneur is able to determine if the business is operating by itself, that means it can pay the business expenses out of the money it has in its coffers.

A negative cash flow will mean the business is not able to operate on its own and there is a need to look for additional financial support every month. When this happens, it is best to take a closer look at what is wrong in the business operations to avoid further loses.

3. Determine Your Flow

To determine the business cash flow, the owner should take note of the monthly expenses of the business and see where the payment for these expenses will be coming from. If the income of the business is able to support and pay the business expenditures then there is a good or positive cash flow. Otherwise, the business may be in trouble and may be in need of serious evaluation.

4. Manage Funds Strategically

So how can an entrepreneur improve the cash flow of his business? A positive cash flow will require a strategic cash management. This means the entrepreneur should seek strategic means to improve the inflow of income and decrease the amount of business expenses. This means increasing the profit margin of the business as compared to the income and the expenses it incurs.

5. Price Products Intelligently

One of the best ways to improve cash flow is to increase the price of the products or services being sold by the business. Of course, this solution is not always easy since it will affect the patronage of customers who are always on the lookout for price increases.

If the product being sold is considered efficient and very useful by the customers then increasing its price will not really be a problem because they will always see the cost effectiveness of buying the said products. Most customers may be concerned about prices but they are more critical when it comes to product quality.

6. Maintain Quality

To maintain the viability of the products and increase sales, the entrepreneur should maintain the quality of his goods or services. Among the products that do not really experience a problem despite price increases are products that are already considered the best in its category, products for niche markets and products that are always in demand and are being produced only by a few manufacturers.

When choosing this strategy, the entrepreneur should make an analysis of the possible effect of the price increase in the volume of sales. The price of a certain product can likewise be increased without getting the ire of the customers by introducing improved features.

7. Minimize Expendatures

Another way to improve the business cash flow is to minimize expenses especially the cost for maintaining the business. By choosing useful business machines, the business can be more productive at lesser labor cost. The entrepreneur can also opt to outsource business functions that are not really regularly needed by the business or that are less expensive when outsourced rather than when the business takes it on its own.

The bulk of overhead expenses are related to labor cost so the entrepreneur should make a staff evaluation to determine that positions can be performed efficiently by a single person and determine if positions are no longer required entirely.

8. Have A Professional Billing System

A business experiencing negative cash flow should review uncollected income or as there may be credits that are already overdue. The entrepreneur should enforce an efficient collection strategy to turn the debts owed to the business into cash. The business may be experiencing a negative cash flow because of its failure to convert checks or debts into cash.

Visionary Global Technology Entrepreneur Peter Yip Of Cdc Software Plans To Visit India; Visit To M

Entrepreneur blogger

Press Release for Immediate Publication
Visionary Global Technology Entrepreneur Peter Yip of CDC Software Plans to Visit India;
Visit to Mark Next Level of Planned Growth for Companys India Operations
BANGALORE, May 22, 2010: Peter Yip is fashioning a global technology empire that spans the enterprise software spectrum from ERP, CRM to SCM among others. He also pioneered off shoring in India way back in 1978 with Yipkon Business System which he co-founded, along with Kumar Konanur that he later sold to MCI WorldCom. Among various authors including former -Chinese Premier Zhu Yongji, Peter wrote a chapter on the Internet in the book The China’s Century: The Awakening of the Next Economic Powerhouse by Laurence Brahm. Ranked among Asias Digital Elite 25 by Asia week in 2000, Peter Yip, CEO and Vice Chairman of CDC Software (NASDAQ: CDCS), plans to visit India for four days starting May 25th. On the first day, he is scheduled to address a media event in Bangalore and make an announcement about CDC Softwares India operations and its next level of planned growth. He then plans to travel to Mumbai for high profile customer meetings and then to Delhi where he is expected to meet senior government officials and industry executives.
On his India visit, Mr. Yip said, I am happy to be going back to India where it all began for me as an entrepreneur. I look forward to meeting thought leaders here and also discussing the next level of growth for our India operations.
Peter holds an MBA from the Wharton School, an MS and BS in Electrical Engineering from the University of Pennsylvania and an Associate degree in Engineering and an honorary Doctorate degree in business from Vincennes University, Indiana. He has made a number of successful co-investments with institutional investors and corporate investors, including Temasek Holdings Company, Bechtel Enterprises Inc., Mitsui & Co. Ltd., America Online, Inc. and the Merrill Lynch-Fred Adler Technology Fund II, among others. Peter previously held management positions at KPMG Consulting and Wharton Applied Research. In 2000, the Wharton Business School presented him with its Asian Alumni Entrepreneur Award.
About CDC Software: CDC Software (NASDAQ: CDCS), The Customer-Driven Company, is a hybrid enterprise software provider of on-premise and cloud deployments. Leveraging a service-oriented architecture (SOA), CDC Software offers multiple delivery options for their solutions including on-premise, hosted, cloud-based Software as a Service (SaaS) or blended-hybrid deployment offerings. CDC Software’s solutions include enterprise resource planning (ERP), manufacturing operations management, enterprise manufacturing intelligence, supply chain management (demand management, order management and warehouse and transportation management), e-Commerce, human capital management, customer relationship management (CRM), complaint management and aged care solutions. . For more information, please visit www.cdcsoftware.com.