SBANC
Small Business Advancement National Center University of Central Arkansas — Conway Arkansas
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115H, College of Business - University of Central Arkansas - 201 Donaghey Ave. Conway, AR Issue: 831 – August 19TH, 2014
Of The Week
“Even if you are on the right track, you’ll get run over if you just sit there.” - Will Rogers
Upcoming Conferences UCA
LEH
Who: University of Central Arkansas
When: September 26, 2014
What: Arkansas College Teachers of Economics & Business
Where: Conway, AR
Who: Leuphana University of Lüneburg
When: January 15-17, 2015
What: 5th Leuphana Conference on
Where: Germany, Lüneburg
Entrepreneurship
IEDC
AA
SBI
Who: International Economic Development Council
When: October 19-22, 2014 Where: Fort Worth, TX
What: IEDC Annual Conference
Who: Allied Academies
When: October 15-17, 2014
What: Fall International Conference
Where: Las Vegas, NV
Who: Small Business Institute
When: February 12-15, 2015
What: 39th Annual Academic Conference
Where: St. Pete Beach, Florida
Announcements SBANC
The Small Business Advancement National Center aims at increasing your knowledge of small business and entrepreneurship. All questions and comments are greatly appreciated.
JSBS
The Small Business Institute is seeking a Sponsor for the Journal of Small Business Strategy. The SBI seeks an academic institution as a Sponsor to provide all editorial and production services required to maintain the academic integrity of the JSBS efficiently and effectively.
ISBE
The Haydn Green Institute at Nottingham University in partnership with the Institute of Small Business & Entrepreneurship (ISBE) is inviting people to attend a Paper Development workshop that will take place on September 18, 2014 at Nottingham University, Nottingham,
ICSB
ASBE
The Mentoring Institute at the University of New Mexico is accepting proposals for its seventh annual Mentoring Conference. The 2014 conference will be held on Tuesday, October 21 through Friday, October 24 in Albuquerque, NM, at the Student Union Building, UNM. The Association for Small Business and Entrepreneurship is having their 2014 ASBE Conference September 24-26, 2014, at the Doubletree Hotel in Memphis, Tennessee.
Call for Papers WBI
WBI
UR
EBES
Who: World Business Institute
When: December 8-9, 2014
What: World Business, Finance & Management Conference
Where: Auckland, New Zealand
Who: World Business Institute
When: December 15-16, 2014
Deadline: November 24, 2014
What: Annual Tokyo Business Re- Where: Tokyo, Japan search Conference Deadline: October 31, 2014 Who: University of Riverside
When: February 6-7, 2015
What: Winter Global Technology Symposium
Where: Los Angeles, CA
Who: Istanbul Economics Research Association
When: January 8-10, 2015
What: EBES Conference
Deadline: January 30, 2015
Where: Lisbon, Portugal Deadline: October 28, 2014
Tip
of the Week
“Entrepreneurs must manage cash flow from the day they launch their businesses.” A survey by American Express OPEN Small Business Monitor reports that 57 percent of small business owners say they experience problems managing cash flow. Although cash flow is a common concern for many business owners, the Great recession and a sluggish recovery have combined to put excess strain on many companies’ cash flow. Since 2007, the percentage of small business owners who report that their companies’ cash flow is either somewhat or very poor has increased, while the percentage of owners who say that their companies’ cash flow is either somewhat or very good has declined. The best way to avoid a potentially business-crushing cash crisis is to use the principles of sound cash management.
Cash management involves forecasting, collecting, disbursing, investing, and planning for the cash a company needs to operate smoothly. Cash management is a vital task because cash is the most important yet least productive asset that a small business owns. A business must have enough cash to meet its obligations, or it will be declared bankrupt. Creditors, employees, and lenders expect to be paid on time, and cash is the required medium of exchange. But some companies retain an excessive amount of cash to meet any unexpected circumstances that might arise. These dormant dollars have an income-earning potential that owners are ignoring; investing this cash, even for a short time, can add to a company’s earnings. Proper cash management permits owners
to adequately meet the cash demands of their businesses, avoid retaining unnecessarily large cash balances, and stretch the profit-generating power of each dollar their companies own. Although cash flow difficulties afflict companies of all sizes and ages, young companies, especially, are cash sponges, soaking up every available dollar, and always hungry for more. The reason usually is that their cash generating “engines” are not operating at full speed yet and cannot provide enough power to generate the cash necessary to cover rapidly climbing operating expenses. Entrepreneurs must manage cash flow from the day they launch their businesses.
“
Feature Paper
SBANC Staff
How Incorporating a Sustainable Business Model Creates Value
Executive Director
This paper was written by Sharon Seay from the University of West Georgia, and was presented at the 2013 Allied Academics International Conference.
Development Intern
Dr. Don B. Bradley III
Daniel Champion
Abstract Sustainable business and sustainability reporting allow companies to capture the influence they have on their stakeholders and on their physical, social, and economic environments---and vice versa. Strong investors understand that the fate of the companies they own is tied to the nature of the relationships these companies have with other stakeholders. As the business case for sustainability practices becomes increasingly clear, reporting offers real value to those whose business is to assess the current financial health of companies and anticipate future performance. Much of the sustainability reporting data captured in nonfinancial terms or as qualitative policy descriptions can be readily translated into financial terms. Clearly, sustainability initiatives will have little or no credibility with shareholders, the Board of Directors, or members of the senior management team whose bonuses are dependent on performance if the link between sustainable business and performance is not demonstrated. Therefore, it is imperative for the firm to develop a framework for assessing how sustainability initiatives directly or indirectly impact performance. This study provides input toward such a framework and demonstrates how the integration of sustainability into business processes and products creates value for all of a company’s stakeholders.
Comments? The Small Business Advancement National has recently made immense changes to the layout of its website, SBAER.UCA.EDU, as well as its Newsletter. We welcome constructive criticism, comments, and of course, all questions throughout this transition.
Contact Us Email:
(Page 15)
SBANC@UCA.EDU
Phone:
Read Entire Paper Here
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Feature Paper Source:
Tip of the Week Source:
2013 Allied Academics International
Essentials of Entrepreneurship and
Conference
Small Business Management, 7th
Sharon Seay Page 15
UCA Box 5018 201 Donaghey Avenue Conway, AR 72035-0001
edition Scarborough Pearson Page 429-430
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