Monthly Archives: July 2016

Three professionals that you’ll need to help run your business

You may well have started it as a one-man show, and in the early days, you’ll have taken care of everything yourself, from marketing to pitches, accounting, hiring, and much more. Yet as your business grows and expands, there will come a time when this becomes impossible. The workload will be too much for a
The post Three professionals that you’ll need to help run your business by Ben Lobel appeared first on Small Business.

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How to stop late payers causing a cashflow crisis

Late payment is the most common reason for a cash flow crisis in businesses. If a number of customers, or even one big customer, fall behind there can be a far-reaching, destructive domino effect right down the supply chain. The detrimental effects can also impair growth and spark redundancies. Cash flow problems are the number one cause of business
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USA Jury Finds ZeekRewards Founder Paul Burks Guilty Of Fraud

 
A federal jury found Paul Burks, the founder of ZeekRewards, guilty Thursday on all four charges in a $939 million Ponzi scheme.
It was one of the largest Ponzi schemes in U.S. history, according to federal regulatory officials and prosecutors. The companies, which debuted in January 2011, were shut down and their assets frozen in August 2012.
The jury needed less than three hours to come back with its verdicts, according to Lia Bantavani, a spokeswoman for the U.S. Attorney’s Office for the Western District of North Carolina. Burks, 67, of Lexington was found guilty of wire and mail-fraud conspiracy, wire fraud, mail fraud, and tax-fraud conspiracy.
“For nearly two years, Burks used deceit and dishonesty to engineer an extensive Ponzi scheme that amassed millions of dollars from thousands of victims, many in the Western

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Tupperware Reports Q2 2016 Results – Down 4% To $564.7 Million

 
Tupperware Brands Corporation recently announced second quarter 2016 operating results. Rick Goings, Chairman and CEO, commented, “Though down 4% with a 7 point hit from exchange rates, we grew sales by 3% in local currency – the high end of our range, with significant contributions from Brazil, China, Malaysia/Singapore and Tupperware Mexico.”
Goings continued, “When we look at the success of our large businesses in Brazil, up 22% in dollars and 41% in local currency, and Tupperware Mexico, down 2% in dollars but up 16% in local currency, it is proof of concept that the fundamentals of our business can generate significant returns from our 3.1 million global sales force.
This is most significantly the case in the opportunity rich emerging markets, including through leverage from our Vision 20/20 core execution initiatives.

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