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| Case
History#4 |
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| The
Company |
A
10-year-old graphics services company. |
| The
Problem |
According
to the company owner, Corporate Strategies
was to be engaged to arrange additional
financing because of a temporary cash
shortage. The situation was not so temporary;
the Internal Revenue Service was about
to close the business and prosecute the
owner for failing to make withholding
payments. Payables were seriously in arrears,
and the company owner frequently made
promises to creditors that he could not
keep because he did not know when revenues
would be received. The business owner
was considering a factoring arrangement
to deal with the cash flow deficit. |
| The
Solution |
CSI
developed a weekly cash plan that provided
accurate information on cash needs and
availability several weeks in advance.
With accurate cash flow information, we
were able to make realistic arrangements
with the creditors, including the IRS.
CSI also provided the company with customized
software that automatically calculated
the cost and profitability of each proposed
job. Additionally we arranged a meeting
for company officers with the company’s
largest potential customer and participated
in the meeting. |
| The
Result |
The
company achieved a stable cash flow, eliminating
the need for the expensive and potentially
disastrous factoring agreement. Creditors
and the Internal Revenue Service were
dealt with according to the agreements,
and the company’s credit was not
damaged with major vendors. Additional
funding was not required. |
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| New
from Corporate Strategies |
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Online
Inside Sales Training |
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Inside Sales for the New Century,
an online, selp-paced course for new and experienced
inside salespeople is now open for enrollment
at the Center for Distribution Education.
For details on the course,
Click Here |
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Corporate
Strategies Launches Training Management Practice |
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Contending that dollars spent
on training should be returned multiplied to
the bottom line, Corporate Strategies, Inc.
has launched a consulting practice that will
manage training for distributors.
Dubbed "ROI Training," the methodology
used by CSI builds and manages a curriculum-based
training plan for clients and provides evaluations
in terms of behaviors, direct results and bottom
line results. To learn more about ROI Training,
Click Here |
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Corporate
Strategies, Inc.,
2300 Henderson Mill Rd., Suite 312, Atlanta, GA 30345 1-800-783-1239
or (770) 491-1239 • FAX: (770) 496-1067
e-mail: corstrat@mindspring.com |
| ©2004
Corporate Strategies, Inc. All rights reserved. |
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