Growing revenue

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Organic growth, mergers and CUSOs: How these three strategies can drive credit union income.by: Laura LynchFinding new revenue sources is strategically important to credit unions. The convergence of margin compression, downward pressure on debit interchange and overdraft income, and a slowly recovering economy are forcing the industry to rethink and develop effective revenue growth strategies.Jim Burson and Vincent Hui, senior directors for Cornerstone Advisors, Inc., a CUES Supplier member and strategic partner based in Scottsdale, Ariz., focused on the execution of several strategies during a CUES Webinar, “Hitting Revenue Growth out of the Park.”Organic GrowthGrowth rates have slowed dramatically for credit unions since 2009. According to The Cornerstone Report: Benchmarks & Best Practices for CUs, credit unions are averaging 2.5 products per household, representing stagnant growth in that area.New accounts per day are also stagnant, but when compared to banks, credit unions are doing well. Credit unions are averaging two new accounts per day per branch; banks are averaging one. continue reading »last_img read more

Increased purchase of ‘Pill 72’ worries pharmacist

first_img Tweet HealthLifestyleLocalNews Increased purchase of ‘Pill 72’ worries pharmacist by: – July 3, 2013 A local pharmacist has expressed concern about the increased purchase of emergency contraceptives among the youth.Pharmacist Carlton Lanquedoc said in an interview with members of the media on Wednesday, 3rd July, that he is concerned about the purchase of morning after pills on a daily basis. Morning after pill or Pill 72 is an emergency contraceptive which can be bought without a prescription. It can be used to prevent pregnancy up to five days (120 hours) after unprotected sex.Pharmacist Carlton Lanquedoc said while morning after pill is ideal, persons should also guard against sexual transmitted diseases, as the increased purchase of the pill means that these people are engaging in unprotected sex. “It’s not that we have a problem in selling the morning after pill, but basically what it is saying to us is that lots of people are having unprotected sex and that’s of concern for us as medical professionals,” Mr Lanquedoc said.Morning after pill or Pill 72 is an emergency contraceptive which can be bought without a prescription.He noted that one of the things people tend to concentrate more on is the risk of pregnancy, however they should know that they are at risk of contracting sexually transmitted diseases (STD’s).Mr Lanquedoc said further that several persons have been coming forward to treat sexual transmitted infections cases. “Not only HIV/AIDS as pronounced on the media, but also the Chlamydia, the Syphilis, the Human papillomavirus (HPV), we are seeing cases of bacterial cystitis, Gonorrhea; all of this we are seeing cases of frequently,” he said. Mr Lanquedoc, who is employed at a local pharmacy, said on a daily basis between 6-10 morning after pills are sold his establishment. “I’m sure if we were to tabulate with our two stores it might increase a bit more. It’s generally young people; most of these young people are slightly below the age of forty which is usually the same catchment age that you would see with HIV/AIDS in terms of the prevalence. So it is a concern from a health perspective,” he said. Mr Lanquedoc has called on the general public to be more conscious of their health and protect themselves against diseases. Dominica Vibes News Share Sharecenter_img 137 Views   8 comments Sharing is caring! Sharelast_img read more

NBD Flag Wavers celebrate 20 years at Award Ceremony

first_img Tweet NBD Flag Wavers. On Saturday, March 31st, the NBD Flag Wavers held an Award Ceremony to celebrate their 20th anniversary and to recognize special contributions to the group. The group expressed thanks to the Cultural Division for its unwavering support, and to the National Bank of Dominica Ltd, who has been their sponsor for over eight years.According to the Head of the Cultural Division, Mr. Raymond Lawrence, it is a rare occurrence for a group to last that long, and that the group should be congratulated on this achievement. NBD’s Marketing Manager, Suzanne Piper, attributed the group’s longevity to the dedication of its leaders and urged the group to stay committed. Among the various awards given, members received recognition for spirit, energy, technique and versatility. An active leader of the group, Kristelle Fagan described the evening as surreal. “We have many talented young people and we had a very successful season and it was appropriate to celebrate our success.” Ms, Fagan commented.She went on to express that the NBD Flag Wavers was not only a performance group but was a family and she was honoured to contribute to the positive development of these young ladies. The NBD Flag Wavers has been a main feature at several Carnival and Independence activities over the years and continues to provide a creative avenue for dance expression among Dominica’s female youth.Press Release Share Sharing is caring! LocalNews NBD Flag Wavers celebrate 20 years at Award Ceremony by: – April 6, 2012center_img 60 Views   no discussions Share Sharelast_img read more

Humboldt State offensive lineman Alex Cappa named first-team AFCA All-American

first_imgARCATA >> Sometimes the work an offensive line can go underappreciated. When it comes to Humboldt State junior left tackle Alex Cappa, it’s hard to ignore the body of work he’s put together.And it just keeps on growing.All of a week after earning all-region recognition from the Division II Conference Commissioners Association, Cappa was named as a first-team American Football Coaches Association All-America selection, it was announced on Wednesday. It’s the first of what is likely to be a …last_img

Sharks provide updates on Donskoi, Vlasic’s health

first_imgSAN JOSE — Joonas Donskoi skated for a full hour at the Sharks optional practice Monday, giving head coach Pete DeBoer reason to believe that the scorching-hot forward might be healthy enough to suit up for Tuesday’s clash with the Pittsburgh Penguins at SAP Center.Donskoi missed the last two periods of Saturday’s 4-1 win over the Ottawa Senators with an apparent head injury after a net-front collision with Mark Borowiecki forced him to leave the game in the opening frame. He returned for one …last_img

Nedbank goes carbon neutral

first_imgBanking group Nedbank has announced its commitment to becoming carbon neutral. (Image: MediaClubSouthAfrica.com. For more free photos, visit the image library.) MEDIA CONTACTS • Elizabeth FlorencioNedbank Group communications+2711 294 7260 or +2783 636 7002 RELATED ARTICLES • Plastic billboard a world first • Bank honours local heroes • SA banking net spreads • Saving our vulnerable sharks• Biggest nature park in the world Janine ErasmusSouth African banking group Nedbank, already a leader in environmentally responsible practices, is to become carbon neutral by continuing to cut its greenhouse gas emissions and buying up carbon credits.Nedbank is the first South African bank, as well as the first large corporation in the country, to take this step.The development was announced on 15 September 2009 by the bank’s CEO Tom Boardman. He said the decision to go for carbon neutral status was the culmination of a long road travelled by Nedbank, which has been at the forefront of environmental issues for many years.The company is involved in a number of green initiatives already, and as far back as 1990 it set up the Green Trust, a conservation fund run in partnership with the local chapter of the World Wide Fund for Nature (WWF).In 2008 the group poured US$1.8-million (R13.6-million) into environmental initiatives under the Green Trust. Projects include, among others, the conservation of turtles in the Greater St Lucia Wetland, support for the Namibia-based Cheetah Conservation Fund, and the Master Farmers programme in the Eastern Cape, which works to improve farmers’ agricultural skills..The carbon neutral move will place Nedbank’s environmental strategies on the same level as other major international institutions such as the Deutsche Bank and the Hong Kong and Shanghai Banking Corporation.“We have measured and audited our carbon footprint,” said Boardman, “and now we know where we stand and what we have to do to offset it completely”.Comparing the climate change crisis to the worldwide financial crisis, Boardman noted a few similarities – apart from the fact that both had a global impact.In both cases, he said, the world underestimated the severity of the problem. Initial measures taken were inwardly focused and targeted at individual organisations or countries, whereas what were needed were global solutions.“If the world spent a fraction of what it put into the financial crisis on addressing climate issues, it would be an investment well spent,” commented Boardman.“Climate change is no longer merely an environmental issue,” added WWF SA climate change manager Richard Worthington, “but a developmental, economic and social issue too”.Carbon creditsIn addition to its ongoing greenhouse gas emission reduction projects, Nedbank is to completely offset its own emissions by buying carbon credits on both the Voluntary Emission Reduction and Certified Emission Reduction markets. This will cost the bank an estimated $1.36- to $2.7-million (R10- to R20-million) per year.Nedbank is expected to build a diverse portfolio of carbon projects, but will focus its investment on applicable projects in Africa.“We are not going to just go out and buy,” said Boardman, “but will look at projects that are relevant to our cause and in line with our strategy.”Green bankFor many years Nedbank has worked for the benefit of the environment and is represented on several top-level committees and task forces dealing with climate change. Nedbank is the only South African bank on the Dow Jones Sustainability Index, and has featured on the list for five years.In 2008 Britain’s Financial Times named Nedbank as the Emerging Markets Sustainable Bank of the Year for the Middle East and Africa region. The bank also sits on the United Nations Environmental Programme Finance Initiative Africa task force and participates in the Climate Change, Biodiversity and Water and Finance streams.Through its Green Affinity retail products the bank donates a portion of its charges to the Green Trust. Since the fund’s inception, Nedbank has helped raise almost R100-million for around 150 major conservation projects in South Africa.Nedbank was the first South African bank to become a signatory of the Equator Principles, and has since been followed by FirstRand Bank and the Standard Bank group.The Equator Principles is a set of international environmental and social guidelines that apply to project finance. They help financing institutions to support only those developmental projects that operate according to sound social and environmental principles.Nedbank is also a signatory to the Carbon Disclosure Project, which works with the corporate sector to encourage transparent reporting in terms of carbon emissions.The bank has a number of internal greening initiatives, among them a change from paper to electronic statements for retail banking products; recycling of printer cartridges; and recycling bins for biodegradable waste, glass and tin, plastic and polystyrene, and mixed waste.There is also a campaign which encourages staff to reduce their carbon footprints at work and at home. The annual Green Trust Staff Awards recognise employees who stand out from the rest with their efforts to change their lifestyles accordingly.Nedbank is to apply for a four-star Green Star rating from the Green Building Council of South Africa (GBCSA) for its new corporate head office building, currently under construction in Sandton, north of Johannesburg. A Green Star rating is given to buildings that comply with GBCSA energy and resource efficiency standards and are environmentally responsible in their design, construction and operation.Queries or comments? Contact Janine Erasmus at [email protected]last_img read more

Ohio farm custom rates 2018

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Barry Ward, Leader, Production Business Management, Department of Agricultural, Environmental and Development Economics & John Barker, Extension Educator Agriculture/Amos Program, County Director, Ohio State University Extension Knox CountyFarming is a complex business and many Ohio farmers utilize outside assistance for specific farm-related work. This option is appealing for tasks requiring specialized equipment or technical expertise. Often, having someone else with specialized tools perform a tasks is more cost effective and saves time. Farm work completed by others is often referred to as “custom farm work” or more simply, “custom work”. A “custom rate” is the amount agreed upon by both parties to be paid by the custom work customer to the custom work provider.Ohio Farm Custom RatesThis survey summary reports custom rates based on a statewide survey of 352 farmers, custom operators, farm managers, and landowners conducted in 2018. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc., and the labor for the operation.Some custom rates published in this study vary widely, possibly influenced by:Type or size of equipment used (e.g. 20-shank chisel plow versus a 6-shank) Size and shape of fields, Condition of the crop (for harvesting operations) Skill level of labor Amount of labor needed in relation to the equipment capabilities Cost margin differences for full-time custom operators compared to farmers supplementing current income Some custom rates reflect discounted rates as the parties involved have family relationships or are strengthening a relationship to help secure the custom farmed land in a cash or other rental agreement. Some providers charge differently because they are simply attempting to spread their fixed costs over more acreage to decrease fixed costs per acre and are willing to forgo complete cost recovery.The measures shown in the summary tables are the summaries of the survey respondents. The measures are the average (or mean), range, median, minimum, and maximum. Average custom rates reported in this publication are a simple average of all the survey responses. Range identified in the tables consists of two numbers. The first is the average plus the standard deviation, which is the variability of the data from the average measure. The second number of the range is the average minus the standard deviation. The median represents the middle value in the survey responses. The minimum and maximum reported in the table are the minimum and maximum amounts reported from the survey data for a given custom operation.The complete summary of part 1 is available online at the Farmoffice website:https://farmoffice.osu.edu/farm-management-tools/custom-rates-and-machinery-costslast_img read more

5 Key Metrics You Should Be Tracking in Your Business

first_imgVinnie FisherCEO & Founder at Fully Accountable Revenue to Expense Ratio Vinnie fisher is an entrepreneur, author, husband, and father of 4. A lawyer by trade, for almost ten years, Vinnie focused on tax planning, corporate formation and operation of closely held businesses. Vinnie was a principal partner in his law firm that he wound down to pursue a career as an entrepreneur. After the creation of a series of successful internet and e-commerce companies, he discovered a much needed service for business owners.In 2014, Vinnie opened Fully Accountable, an outsourced accounting and finance firm for e-commerce and digital businesses. Today he serves as the CEO of the company. Fully Accountable a cutting edge firm that offers done for you services that includes everything from master bookkeeping to fractional CFO services. We are digital experts specializing in high transaction businesses. Our clients are all over North America. We offer a complete accounting back office for your business costing less than the price of an entry level person in your company. Our data analysts and accountants do the work and provide the proactive, forward thinking feedback you need to make the right decisions to increase your growth and double your profit margin. How OKR’s Completely Transformed Our Culture The current ratio is somewhat similar to your debt to equity ratio, and will also be calculated using information from your company’s balance sheet. The current ratio is calculated by dividing your total assets (what you own) by your total liabilities (what you owe). This will help illustrate whether or not your business is financially solvent. If your business has significantly more liabilities than assets, you will have a difficult time securing further lines of credit. Furthermore, assuming that at least some of your liabilities are actively accruing interest, a weak current ratio can also have a negative impact on your profit margins. While having some debt is usually considered a good thing, it still needs to be carefully managed.ConclusionIn order to make decisions that are truly in your business’ best interest, you will want to get as full of an understanding of your financial situation as you possibly can. By paying attention to these valuable metrics, your business will be able to decide whether assuming a new project is actually a good idea. For further guidance and expertise, you may also want to consider hiring an eCommerce bookkeeping specialist. Customer Retention Related Posts Both your revenues and expenses can be immediately taken from your business’ annual income statement. While net income (revenues less expenses) will be an important metric, it only paints a partial picture of your business due to the fact raw income figures are not appropriately scaled. Looking at the ratio of your business’ revenue streams to your expenses will help you determine if you are moving in the right direction. In order to maximize the usefulness of this ratio, you should actively track it over time. If expenses have increased without corresponding revenues, then it may be time for your business to reevaluate its overall strategy. There are many different ways that your business can establish a competitive advantage. Some of these methods will be much more accessible than others. For example, while some business strategies may require a large amount of capital up front, creating a competitive advantage through better accounting practices is something almost all businesses can immediately do for free.By constantly striving to improve your business’ accounting practices, you can consistently enhance your bottom line and operate more efficiently. Though accounting and bookkeeping can often feel quite tedious, their universal importance should not be ignored.Investing in outsourced accounting solutions can help your business thrive. This is because in order to improve your approach to bookkeeping, your business will need to pay close attention to certain details provided by experts. In this article, we will discuss five of the most pressing accounting metrics for your business to pay attention to. We will also cover how focusing on these metrics can give your business the competitive edge you’ve been looking for. Current Ratio Using your business’ balance sheet—which provides a “snapshot” of your business at a specific point in time—you will be able to determine your assets, liabilities, and total equity (assets less liabilities). The debt to equity ratio is calculated by dividing your total liabilities by your total equity. Ideally, your business will have a greater level of equity than debt, though this is rarely the case for new businesses or businesses that are planning a major expansion. Still, by using the debt to equity ratio, you will be able to determine your general financial status and current level of profitability. This ratio will also be very useful when deciding whether applying for new debt can be financially justified. Tags:#customer retention#Debt#Inventory#Revenue#Turnover In order for your business to operate as efficiently as possible, developing productive inventory practices will be absolutely necessary. Good inventory practices will be even more important for businesses operating in the restaurant industry, where inventory will have a limited usable lifespan. In general, you should aim to keep your working inventory somewhat low while simultaneously making sure you avoid inventory shortages. By paying close attention to your inventory turnover, you will be able to decide which inventory practices are best (FIFO vs. LIFO), where capital can be used more efficiently, and which products have the highest levels of demand. Debt to Equity Ratio Inventory Turnover As any experienced business owner will surely agree, it is much easier to keep an existing customer than it is to go out and find a new one. Because of this, your business will want to retain each of your customers for as long as you possibly can. Looking at retention rates will help illustrate your customer’s level of satisfaction more accurately than customer surveys or other more traditional metrics (though these are still useful). If possible, you may also want to consider tracking the “lifetime value” of each of your prospective customers. With this information in hand, you will be able to develop a notably more precise marketing strategy. Trends Driving the Loyalty Marketing Industry China and America want the AI Prize Title: Who … What Nobody Teaches You About Getting Your Star…last_img read more

Bahamas meteorologist featured on PBS NOVA special TONIGHT

first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppNASSAU, Bahamas – October 31, 2017 – The Bahamas’ own, Wayne Neely and his work chronicling the biggest, baddest hurricane to have hit The Bahamas and the region will be featured on the PBS NOVA series, ‘Killer Hurricanes’ and the series debuts on Wednesday November 1.The Great Hurricane of 1780 –  The Story of the Greatest and Deadliest Hurricane of the Caribbean and the Americas is the title of Neely’s book; it is a best seller.  The forecaster with the Bahamas Department of Meteorology is also an historian and told media that the real concentration will be the Great Hurricane of 1780, which remains the deadliest hurricane in North Atlantic hurricane history with 22,000 people killed — most of them slaves — in the Caribbean.Again you can find Killer Hurricanes on PBS NOVA tomorrow, November 1 at 9pm. Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:#author, #greathurricaneof1780, #hurricanes, #wayneneelylast_img read more

Over Governors Objection State Votes to Purchase Leased Space for Team Orlando

first_img Dan Cohen AUTHOR The Florida Cabinet on Tuesday voted to purchase almost 10 acres of land in central Florida that hosts a number of DOD tenants primarily focused on simulation.The purchase would allow DOD to reduce its leasing expense for Team Orlando as part of a state-led effort to retain Orlando’s defense simulation cluster in the event of a new BRAC round. DOD pays about $5.4 million annually in rent for 200,000 square feet of commercial space in Orlando.“In this current budget environment, that’s a terrible place to be,” Thomas Baptiste, president of the National Center for Simulation, told News4Jax.Last year, Baptiste told the Central Florida Partnership that he fears DOD could end its leases in Orlando and move to other federal or military sites that have spare capacity.“I’m going to tell you today, there will be another round of BRAC. As the other services get smaller, there are empty federal buildings all over this nation that could house pieces and parts of Team Orlando, and undermine the fabric that drives this $5 billion industry,” Baptiste said at the time.The Florida Defense Support Task Force has made moving DOD tenants into government-rate leases a top priority. The purchase would add 9.58 acres to the Central Florida Research Park, which sits next to the University of Central Florida campus and Naval Support Activity Orlando.Gov. Rick Scott (R) voted against the purchase, based on his opposition to the $13.9 million purchase price and not the effort’s objective, according to the story.last_img read more