Credit Control Opportunity Cost

Opportunity cost is defined by Oxford Languages as “the loss of other alternatives when one alternative is chosen.”

In a recent coaching session, I was reminded that everything we do is a choice. Even if that choice is to do nothing.

Which means that everything we do has an opportunity cost.

Here’s an example close to my heart! If I chose to eat that huge slab of chocolate, then the opportunity cost is not losing enough weight to fit back into my favourite clothes.

When it comes to money, the opportunity cost of going on a fantastic holiday instead of spending the money on a new car is not getting a new car.

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Pro Tips to Zoom Like a Pro

Over the past month, Zoom has released a raft of new features for the desktop app that can improve how you look and sound in your meetings, as both a host and a delegate. Read on to learn how these improvements can help you Zoom like a pro.

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What exactly is ‘an eye’ for an image? Why does it matter, and how does it benefit you?

People say I have an eye with my photography, that I see things in a certain way. I believe it’s how I feel about what I’m seeing through my lens. 

“Your professionalism, expertise and attention to detail is unquestionable - and is evident in every single image.”

I am also told that I shoot from the heart, which is probably true as I have a connection with my subject whether this is a person, object or scene; I care about what’s in front of me. My images often evoke an emotional response and with my love of storytelling, they tell a story. Why does that matter to you? Because your business needs visual storytelling - strong images which quickly capture interest - for both your on and offline marketing.

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How To Have an Eco-Friendly Halloween

At Sophie’s Barn we absolutely adore Halloween. It’s a great excuse to get dressed up in crazy outfits and get out and about in the community for trick and treating.

Our resident black cat, Spook is also looking forward to his favourite time of year!

The Dordogne valley is the ideal place to hold a freaky gathering. The old medieval quarters of towns and villages and ancient châteaus whisk you back in time to when an encounter with a ghost seemed like a very real possibility.

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WordPress – What is the Difference between.com and .org

Mention a website building platform and guarantee WordPress will be one of the names mentioned, if not the first. First released in 2003, WordPress now has around 58% of the CMS market share depending which survey you look at (CMS is Content Management System), and around 75% of live websites are either built on WordPress .com or using the .org installation.

But what is the difference between .com and .org? And what is the difference between normal hosting for WordPress and WordPress managed hosting?

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The Lady and the Tears

A chance meeting and the world for three changed.

I'm often referred to as the 'Lady that makes people cry'. You might think, how sad and terrible but these tears are salty drops of relief, understanding and acceptance.

I have no problem with talking with people, I'm comfortable introducing myself and business and that's often how the conversation starts. As I share what I offer the conversation grows and so very often something amazing takes place. There's a look in an eye and tears are formed. As those salty drops begin to form, a trust is created and a deep-seated pain is given a voice.

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Don’t give up on your social media marketing

As a small business owner, social media is your friend. It’s a cost-effective, accessible tool for promoting your business.

Yet it can also be your enemy.

You spend hours agonising over what to say, trying to post regularly and looking for that perfect image that will grab your ideal client’s attention.

And often your efforts seem wasted. You eagerly check your stats but no one seems to be out there; maybe a handful of likes and a couple of comments if you’re having a good day. But apart from that, nothing.

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How to Eat for Autumn

WHAT TO DO TO KEEP THE CHILL OUT AND THE GREY DAYS AWAY

The first thing I've done this week is grabbed carbs, which is not great but I haven't prepared the right food to be on hand to keep me feeling full and satisfied.

We know harvest is around the corner, and we always set up a display of root veg, squashes and pumpkins. These are the veg of the season and they're good for making thicker soups and stews. They're also better for us than potatoes, sweet potato is a great replacement, all having lower carb contents but still doing the job of making us feel like we'd have something substantial.

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Five Cash Flow Mistakes that Could Sink Your Business!

The harsh reality is that, in the UK, four in ten businesses don’t make it to five years!

The main reason for this…. cash flow. Two small words that can have a massive impact on your business. In fact, according to the Office of National Statistics, cash flow is responsible for up to 90% of business failures.

Accounting software provider Xero says; “of the 50,000 businesses that fail each year due to cash flow issues some 65 per cent of these blame access to funding. Quite often the working capital they need is tied up beyond their reach with late paying customers.”

So, what sort of mistakes can lead to late payments and eventually to cash flow problems?

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