International bank transfers are used to transfer money from a national banking institution to a foreign financial account. These operations are also known in English as “wires” or “wire transfers”. Transferring your money in this way is a quick and convenient process. The transfer itself occurs immediately, but in general, there is a period of … Read more
A credit line and revolving credit are two ways in which a company or individual can obtain the money needed to make a purchase. A line of credit is a type of revolving credit, which works similar to a credit card. Both the credit line and the revolving credit have a fixed amount available for … Read more
In today’s times, online banking, telephone payment systems, debit cards, credit cards, among other schemes, make it less and less necessary to have to go to a bank agency and even less have to use or memorize a bank account number. However, you may need your bank account number to perform operations such as transfers, … Read more
The International Bank Account Number, called International Banking Account Number (IBAN), is a standard code for identifying bank accounts in order to facilitate international financial transactions. The SWIFT code (Society for Worldwide Interbank Financial Telecommunication), is an international standard number to identify a bank, and contains the identification number of a specific bank or BIC … Read more
A bank transfer is an electronic method for sending funds between people and institutions. Electronic transfers can be initiated from banks and financial institutions worldwide. Sales transfer entities provide the same service to people who do not have traditional bank accounts. An individual can transfer funds from one place of sale to another. Debit card … Read more
Although it might be thought that it is now very easy to make an electronic bank transfer, especially if you are one of those who dominate the use of electronic devices and the Internet, it is worth taking into account and understanding some procedures offered by certain banks and that are so specific that differentiate … Read more
Bank of America is one of the largest banking institutions in the United States. Since its creation it has absorbed several smaller banks including Fleet Bank, a former Massachusetts bank. While you can always stop at the local Bank of America branch, many customers choose to do most of their banking tasks online. Checking, analyzing … Read more
The difference between personal loans and other types of loans is that the first ones are granted without collateral, which implies a certain financial risk for the lending institution. Hence, not all banks grant them. On the other hand, those banks that grant them do so under strict compliance with a series of requirements, such … Read more
ISO Standards The ISO standards are a set of patterns and procedures which confer international quality standard processes, products and services. The ISO or International Organization for Standardization is the international and independent body that developed, updates and disseminates the most important international standards of quality and standardization in the world. ISO has a global … Read more
Today we do not conceive a day without using the Internet. Since we got up we used the smartphone to send WhatsApp messages, emails, check social networks and even to make the purchase of the supermarket. However, a few decades ago it was not so simple or so affordable for everyone. The arrival of the … Read more
The development of strategic plans is a necessary part of a business. There are many types of business plans, and two of the most common include a tactical plan and an operational plan. Tactical and operational plans work to implement the company’s strategy. Although there are some similarities between tactical and operational planning, there are … Read more
A company is any entity that is engaged in business and can be a company, association or corporation. One of the first and most important steps in starting a business is deciding how it will be structured. To make an informed decision, you need to know how business structures work, as well as the advantages … Read more
A strategic alliance is a relationship between two or more entities that agree to share resources to achieve a goal of mutual benefit. For example, a company manufactures and distributes a product in the United States and wants to sell it in other countries. Another company wants to expand its product line with the type … Read more
Companies incure a wide variety of expenses to finance their operations, which often include the payment of salaries to employees who provide services for the company. In business and finance management, labour costs are often divided into direct and indirect labour costs, depending on whether a particular worker contributes directly to the production of goods. … Read more
The departments in some small businesses have to order supplies through the financial arm of the company instead of buying the supplies on their own. This process includes the use of requisition orders and purchase orders, which represent different stages of the same purchase process. Requisition order A requisition order is a way in which … Read more
Running a small business requires the same entry and exit of a larger company, but on a much smaller scale. This includes the administrative and operating expenses necessary to make the business run efficiently and be profitable. Operating expenses are the costs necessary to build a product or create the services that a small business … Read more
Surgical nurses, also known as perioperative nurses, help surgeons in hospitals, trauma centers and private doctors’ offices. They are trained to comfort patients before, during and after surgery. They specialize in a variety of medical fields, such as cardiology, oncology and neurology. They must be registered nurses, or collegiate, and be trained to provide surgical … Read more
Mobile devices are useful for performing work-related tasks while travelling, but it can be difficult to figure out how to use them for the first time if you are used to using a computer. Android can cut, copy and paste text, and just like a computer, the operating system transfers the data to the clipboard. … Read more
Physiotherapists treat people who are recovering from physical harm and those who seek relief from pain caused by chronic physical problems. To work as a physiotherapist you must obtain a bachelor’s degree and apply for a license to practice the profession. According to the Bureau of Labor Statistics, in the United States, until May 2011, … Read more
What does COO stand for? COO – Chief Operating Officer, also called the Chief Operations Officer, is a member of a high-level group of executives known as the “Suite C”. The COO is responsible for the daily operation of the company, and routinely reports to the highest-ranking executive, usually the chief executive officer (CEO). Other … Read more
What is Organizational Structure The organizational structure is fundamental in all companies, it defines many characteristics of how it is going to be organized, it has the main function of establishing authority, hierarchy, chain of command, organizational charts and Departmentalization, among others. Organizations must have an organizational structure according to all the activities or tasks … Read more
The health industry includes a number of professions that vary widely in their educational needs and salary. Some require only a study of a few months but pay relatively low wages. Others, such as doctors, study for more than a decade but are compensated with a six-figure income. Ultrasound technicians are between these extremes, enjoying … Read more
Being an effective administrator requires experience in your industry and with different management techniques. Management techniques are not short-term tricks used to motivate employees, but are effective management methods that help develop a productive workplace. There is no single management technique that works in all situations, so it is important to familiarize yourself with more … Read more
Good skills to treat people are an advantage in almost every line of work. In general, good skills with people are the ability to listen, communicate and interact with others on a personal or professional level. These skills also include the ability to solve problems, to be empathic with others and the willingness to work … Read more
Banks, people, shareholders and other stakeholders base their decisions to invest in a business on their ability to generate profits and maintain stability. Financial statements are essential to evaluate the management of a firm of assets, liabilities, income and expenses. The balance sheet and the income statement are examples of revised financial statements before making … Read more
Values and ethics are important in the workplace to help maintain order, ensure that a company runs smoothly and remains profitable. Each company in particular makes known its values and ethics almost immediately after hiring an employee or does it many times during the interview process. And, in many companies, it doesn’t matter how well … Read more
The financial statements of a company provide various financial information that investors and creditors use to evaluate the financial performance of a company. The financial statements are also important for the administrators of a company, because through the publication of the financial statements, the administration can communicate with external stakeholders about its performance and operation … Read more
Many types of public relations campaigns can be carried out by small businesses. If you decide to hire a consultant or a company or have your own internal public relations team, understanding how the different campaigns work will help you create an effective public relations strategy for your company. Graphics campaigns Graphic public relations campaigns … Read more
The strategic management process is more than just a set of rules to follow. It is a philosophical approach to the business. Management has to think strategically first, then apply that thought to a process. The strategic management process is best implemented when everyone within the company understands the strategy. The five stages of the … Read more
Gender discrimination occurs when people are treated unequally according to their gender. This problem is not based solely on gender differences, but also on how people are treated differently because of those differences. Employers who offer different working conditions and promotion opportunities for men and women violate anti-discrimination laws. Lenders that offer better pay conditions … Read more