April 03, 2007

Credit Today's 2007 Salary & Job Satisfaction Survey Is Now Open!

Survey

It's time for Credit Today's 2007 Salary & Job Satisfaction Survey. Your participation is very important to helping ensure a robust sample size to enable us to "drill down" in the data to have meaningful data in various segments.

As a special thanks for your participation, all Credit Today Members will receive a free copy of the entire $175 report. Non-members will receive a free copy of the Executive Summary. Make sure you use the signup page following the survey to let us know you participated!

For your information, there are 6 parts to the survey:

  1. Tell us about you and your company...
  2. Your earnings information...
  3. Credit staff positions...
  4. Description of your job...
  5. Your department...
  6. Your job satisfaction...

Click here to find out more and take the survey.

March 30, 2007

Managing Energy In The Workplace

Energy

Managing energy is not just about food. It's about managing working conditions that affect how your body releases energy. This includes managing stress, oxygen levels, exercise levels and food breaks. Work demands can zap energy very quickly so you need to have a few tricks up your sleeve to boost your energy supply to help you both physically and mentally.

The Brain Protein Continuum

The neurons in your brain are largely made of fat. The brain cells communicate with each other using neurotransmitters. Neurotransmitters are made up from amino acids; protein building blocks. Another important amino acid is tyrosine.

Eating protein increase levels of tyrosine in the brain, helping the brain generate nor-epinephrine and dopamine. These chemicals promote alertness. The absorption of protein is assisted by carbohydrates. So eating a balanced supply of carbs and protein throughout the day will keep that brain network humming and avoid that 3pm black hole.

Top 10 Work Day Energy Guidelines

 

  1. Start the day well rested - Treat your bed as an important energy re-supply station and ensure you book in long enough for the process to be completed. That means 7 to 9 hours a night.
  2. Try a workout first thing - even 20 minutes will boost your bodies oxygen supply and keep your head thinking straight longer during the day. It's often much harder to feel inspired at the end of the day. If morning isn't your thing - the evening can still work. Try tricking yourself. Change into workout gear as soon as you get home. Switch on the television or put on a DVD, and instead of heading for the couch, sit on a workout bike or yoga mat with some weights. A few seconds later the brain starts connecting the visual messages and before you know it an hour has gone by.
  3. Keep the body supplied with fuel - Eat a small, healthy snack every few hour of lean protein and whole grain carbs. The carbs provide a rapid energy release, while the protein provides longer-lasting energy.
  4. Keep the body well hydrated - air conditioning is extremely drying on your system, and that includes the brain.
  5. Take an oxygen break - if you don't have time for a full lunch break, take at least a 10 minute walk around the block or anywhere where there is more oxygen than car fumes. I use walking catch-ups. If a staff member wants to chat about something briefly I get us both out for a walk.
  6. Try boosting energy during the day - some deep breathing [preferably not whilst on the phone to the CEO]; taking the stairs instead of the elevator or just standing up doing some leg raises all help to move oxygen around the body and boost the cells energy producing processes. I keep a small hand weight on my desk and it's amazing what you can do during a phone call!
  7. Keep good energy nutrition snacks at work - protein balls are my favourite. I make them on Sunday and they last the whole week in the refrigerator. [that is if I don't eat them all by Thursday]. I use them for my 3pm low zone snack and as a mental pick-me-up before entering a long meeting.
  8. Reduce the alcohol during the week - try getting it down to one glass a night - you will be amazed how much easier it is to get out of bed in the morning and you will be more likely to feel like doing that early morning workout. And your skin will look fantastic!
  9. Go easy on the coffee - caffeine is not a good long term solution for energy throughout the day. It's addictive and better left to one cup first thing in the morning. You will sleep better also.
  10. Reduce the size of your evening meal and avoid carbs after 6pm - you will find you will sleep better and that translates into more energy during the day.

And if you want to contribute to the worlds renewable energy supply - take a leaf from enterprising gym enthusiasts like Doug Woodwring who are harnessing energy created from everyday workouts and converting it into usable power.

Author: Nicola Carr is a fitness and life advocate for anti-tiredness.com Learn how to avoid tiredness and maintain muscle mass using antiaging bodybuilding She has also been a management performance consultant for many years.

March 28, 2007

Get the IRS to Help Collect from Your Most Delinquent Accounts

Tax_man
At some point every business will encounter this problem: the customer who refuses to pay. You've tried every tactic at your disposal, but to no avail. What else can you do prior to writing it off or placing the account with a collection agency?

The IRS Advantage
The collection strategy works on the premise of reporting the debt as a loss. The IRS will view this as income to the debtor. In other words, your loss becomes your customer's gain and as such can be reported to the IRS at yearend. It's a well-known fact that the IRS routinely runs computer matches of 1099s against the recipient's tax filing. This could increase their chances of an IRS examination letter and audit — something most businesses want to avoid.

Specifically, you would mail or fax a letter along with the appropriate IRS Form requesting their tax ID information. The letter should state that the debt has been deemed uncollectible and needs to be reported to the IRS as debt cancellation income. For more effectiveness, you should follow-up with a phone call to mention the enclosed forms and penalties for failure to furnish TIN.

Created in 1993 and reviewed by TIGTA in 2005, this innovative and powerful letter/script set can either be used by creditors directly or by third party collectors.

This changes the rules of the game. Once your debtor realizes the IRS could be examining their tax filing a little more closely, you'll be surprised how quickly a check will arrive in the mail.
Source: Ben F. Ricci, Stevens & Ricci, Inc.

CMA News Readers - Let's Discuss - Have you ever used this tactic before and was it successful? Click the comments link below this post on the CMA News site to add your thoughts.

March 01, 2007

Protect Your Eyes from Computeritis

Eyes
Spending your work day in front of the computer puts a big strain on your eyes. Learn how to protect them better. Here is a hint - blink a little bit more often.

Click through for Five ways to save your eyes from Web Worker Daily.

February 21, 2007

Two New PowerPoints uploaded to anscers SlideSpace

Anscers_slidespace_1

Two new PowerPoints have been uplpaded to the anscers SlideSpace (The YouTube of PowerPoints).

Click here to visit the anscers SlideSpace and review the PowerPoints used in our recent webinars.

February 16, 2007

How Do I Delegate Better?

Delegation

Lots of bosses are good at dumping, but not at delegating. They're great at off-loading the things they don't like to do and dropping assignments on their subordinates with little or no guidance.

Other bosses think that delegating is always the best way to assign work. That's not right either. When you've got a competent and willing worker, delegation is the right way to go, but it's not a good choice for workers who aren't as competent or committed.

Delegation is only one among the four basic options you when you ask a subordinate to do a piece of work. Here they are in order from most controlling to least controlling.

Make the decisions about what is to be done and tell folks what to do. I call this style "Tell."

Telling is good for people who may be new to the job and have lots of enthusiasm, but not enough ability yet. It's also the style you'll use with subordinates who've proved through several supervisory interviews that they may have the competence, but they seriously lack willingness. Those are discipline problems and tight control is appropriate.

You can also discuss the work with your subordinate, but make the final decision. This is good for less experienced people who either need instruction or who need their confidence built up. I call this style "Discuss and Tell."

Discuss and Tell is the style that most managers seem to like best and revert to under pressure. It seems like it let's them be both "participative" and in control. But using just Discuss and Tell is a bad idea, especially when you're helping a subordinate grown and develop.

At some point, your subordinate will demonstrate that he or she understands the work that needs to be done. That's the time to use the style I call "Discuss and Allow." With that style you discuss the work with your subordinate, and then let them decide what to do.

Discuss and Allow is the hardest option for most managers because it involves giving up control before they're really sure how competent a subordinate is, but it's essential if your subordinate is going to develop to a point where you can delegate to him or her. Many managers want to jump right over this step and simply assign work. Don't do it.

Part of your job as a manager is developing your people so they're competent enough that you can delegate almost any task to them. That won't happen all at once. To make sure they develop well, you've got to go through Discuss and Allow before you move to the style I call "Allow" or "Delegation."

When you delegate, you give your subordinate the assignment and ask what they need from you. This is true delegation. It's only appropriate for people who have mastered the kind of work to be done and who willingly pitch in.

As you work with people new to the job you'll move through the four styles as they grow and develop. Remember that you use different styles with different people and with the same people on different tasks. You make your decision on what style to use based on your subordinate's ability and willingness to handle the specific work you need to assign.

In my programs, I use the acronym AW, GOSH to help understand how much control to give a subordinate. Here's what those letters stand for.

A stands for ability. Do they have the ability to do the job? If they don't have the skills or resources, then you have either a training or resource issue, not a supervision issue.

W stands for willingness. Do they willingly do work that they've been given? Sometimes we talk about this by saying that a person is "motivated."

The comma (,) is to indicate that the two factors above are the most important ones to consider. The following factors may affect how you handle a specific situation, but they aren't nearly as important as your basic judgment about Ability and Willingness.

G stands for growth. If I let go a bit more, will it help this person grow and be an even better worker in the long term? I've found that most managers are reluctant to relinquish control, so if you're in doubt, give your subordinate more freedom.

O stands for organization. Are there any rules, regulations, or cultural norms that might cause me to modify my original decision?

S stands for situation. If the situation is either physically or psychologically dangerous you may want to retain more control. If it allows for safety and for the person to fail (but not horribly) then you can loosen up a bit.

H stands for "How will this affect others?" Will this set a precedent? Will it be perceived as fair? Does it set a good example? Remember that the people who work for you watch everything you do.

Instead of thinking just about whether you can delegate better, strive to give people the maximum control possible over their work life while helping them grow and assuring that your team is productive. The best way to do this is to use all four styles based on the ability and willingness of your subordinate to do the job.

Wally Bock works with a limited number of managers to help them improve their personal and business results (http://www.threestarleadership.com/coaching.htm) and speaks to audiences in the US and elsewhere.  He also writes the Three Star Leadership blog (http://blog.threestarleadership.com/). Wally's free Control Continuum Form will help you do a better job of delegating

February 14, 2007

The Global CFO Study - by IBM

Ibm_study

Based on interviews and surveys of over 700 CFOs and senior finance professionals worldwide, the study identifies the key challenges faced in today's business climate.  From nurturing profitable growth while cutting costs to dealing with the new regulatory environment and tackling its complexity, see how the finance function can and does drive business goals.

Click here to register and download the study from IBM's website.

February 06, 2007

Seeking a Mentor for Professional Success

Mentor

When faced with a tough decision on the job, do you have someone you can go to for advice? A mentor is the working world's version of a savvy older sibling — someone you can count on as a confidant and friend, someone you go to for guidance in navigating tough professional situations. Whether you're just getting started in the credit industry or you have several years of experience, seeking a knowledgeable mentor can significantly boost your career progress. Here's what to look for in a potential professional partner:

Why seek a mentor? Having someone to provide encouragement and steer you through professional dilemmas is particularly important for new credit professionals, but those more advanced in their careers can also benefit from the counsel of an industry veteran. Of 1,400 Chief Financial Officers (CFOs) polled in a recent Accountemps survey who said they had had a mentor, 35 percent said having a confidant and advisor was the single most important benefit of the relationship. Another 27 percent said the top advantage was gaining insight into a particular field or industry, 21 percent cited encouragement or boosts to morale, and 12 percent said introductions to key networking contacts were most beneficial.

What makes a good mentor? Look for an individual who is well respected within the firm and who has a good handle on communication and networking skills. A formal mentoring relationship isn't always necessary; new employees can learn a lot by observing and seeking advice from those in more advanced positions. An experienced mentor can provide insight into office politics and protocol, as well as in handling difficult situations — knowledge that isn't necessarily taught in school or during new hire orientation, but that is essential for professional success. The key is to select someone advanced enough in his or her career to offer a long-range professional perspective.

What should you avoid? Just as with any other confidant, look for a mentor who is discreet and trustworthy. Avoid those who tend to gossip or speak disparagingly of others. Instead, seek a mentor who is positive, productive and well liked. And don't be afraid to look outside your firm. While an in-company advisor may be better versed in on-the-job protocol, a trusted mentor in another organization could offer innovative perspectives you may not get otherwise.

January 31, 2007

Swicki's Clear Out the Web Clutter

Swicki

A swicki is a community powered search engine, tailored to produce only the targeted search results that you and your community want.

A swicki shows a buzz cloud of what is hot in your community and makes it easy to find the best content, news and info on the web.

The search results from the swicki you create are much more focused than a general search engine and they will continue to learn and adapt, anonymously and automatically, based on the search behavior of your community.

Working together, we can clear out the clutter of the web, and help each other identify sites of importance to Credit Managers. Get involved today by doing some Swicki searches and rating the search results. You can search all of CMA's sites at once using our Swicki.

Try out the Business Credit Swicki below - or on the right side of the CMA Daily News screen.

check out the Business Credit swicki at eurekster.com

January 30, 2007

Coffee Break Spanish

Cbs
"Coffee Break Spanish is a lifesaver for language lovers. Download lessons to your MP3 player and listen anytime you like. There are free lessons and weekly podcasts on the blog. Members get additional flashcards, iPod Notes, and a PDF guide. Your hosts, Mark and Kara, make listening short and fun. Kara is learning, just like most listeners of the podcast, which is helpful and adds depth to the practices. What are you waiting for? "

Source: TypePad

For those of us that do not speak Spanish - these short lessons might help you break the ice with Spanish speaking customers, and collect more dinero!

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