Effective Credit Management Can Lead To Greater Growth

ARTICLE SUMMARY: Many companies might be put off taking out credit insurance. However, credit management is not just about dealing with situations when they go wrong. Taking control of your business’ finances can have positive effects on your bottom line. We are still in the middle of a fluctuating economy, where even big name companies are going under. Therefore, the role that credit insurance and effective credit management can play in your business’ success has become even more important. When you start working with a new client, or even those you have done business with for years, there is always the risk that they might not pay for the goods. Continue reading

Websites as small but a significant market space in India: A forecast

Business Frontiers, Vol. 2, No. 1.

Title: Websites as small but a significant market space in India: A forecast


Publication date: January, 2013.

Authored by P. Vigneswara Ilavarasan and Arpan K Kar



This paper can be cited as follows: Ilavarasan,P.V., Kar, A.K. (2012). Websites as small but a significant market space in India: A forecast, Business Frontiers, 2(1), 1-6.

Abstract: Due to a sudden change in the regulatory guidelines in India, a surge in the web-space requirements is anticipated among companies based on paid-up capital size. The objective of this guideline is to enhance the transparency in the corporate governance and signal the growth potential of the firms to the investors from India and abroad. This article explores the potential market size of website creation and maintenance for the 6.5 lakh companies, for whom this regulatory guideline may impact more.

To download the complete article, please visit this link: Websites as small but a significant market space in India: A forecast

Keywords: Websites, India, Market sizing

Business Frontiers is a premium series of refereed open source white-papers on critical emergent issues and classic topics in business and management including but not limited to marketing management, technology management, e-business, finance, economics, human resources, organizational behavior and general management. Articles published as open source white-papers in Business Frontiers are copyrighted using a Creative Commons Attribution 3.0 Unported License. Please visit the publication page for more details on Business Frontiers. For submission of original articles for publication, please read the Guide for Authors and the Call for Papers.

Health & Safety Training to Safeguard Your Business


This article looks at the necessity of high quality health and safety training. This is designed to safeguard and protect your business. It also ensures that it complies with the law.

Why health & safety training?

The government’s Health & Safety Executive (HSE) define the standards by which modern businesses must operate in a safe, healthy and business compliant manner that safeguards staff, customers and other stakeholders who engage with the business in various capacities.

This includes a number of measures for defining processes, setting business continuity strategies and documentation in place and ensuring that staff is trained adequately in good working practices that relate to the demands of their role. It involves health and safety courses and skills being regularly updated and refreshed to keep abreast of policy changes. Additionally, all business premises are required to regularly report and monitor the effectiveness of their health and safety business practices and report back, where required, to senior management.

Engaging an external contractor

A specialist health and safety consultancy is ideal for supporting businesses with their legal and business requirements in this area. Most business people don’t have time to keep up to date with the latest developments in the field and benefit from specialist advice and guidance from those who are skilled and experienced in the health and safety industry. Health and safety courses are often best delivered by an external accredited provider where there isn’t a sufficient internal resource to provide these courses. This engagement will satisfy the requirement for training staff in how to safely carry out their roles and protect other business stakeholders and the general public in the process. These courses should be accredited by organisations such as CIEH, Construction Skills, IOSH and NEBOSH, depending on the area and industry involved.

Other requirements

As well as training, businesses must carry out business continuity management and process management to ensure that their operations and systems are safe and robust. Specialist organisations and consultancies can help with management training to deliver this and support with the preparation and delivery of these systems and accompanying risk documentation. This will include support and training for the risk assessment process and hazards identification, mitigation and paperwork. The same external provider might also offer health and safety advice to the business client, including assessments, policy support, health checks and audits, retainer contracts and more.

To find the right external provider, look for signs of industry accreditation and recognition. As well as the qualifications listed above, accreditations and marques such as IIP and ISO are ideal, as is membership to a trade body of the Chamber of Commerce. Research into the company and seek out other customers to get their opinion. Look for testimonials and published statistics before engaging in a competitive tendering process with a few hot leads. Make sure this is done in an objective way and meet the person or people who would be managing your account to get a feeling of how they operate, what their skills base is and how well they understand and can learn about the requirements of your business. A good sense of working rapport will also be needed, as this consultancy will need to be able to work productively and openly with your business and sometimes feedback difficult and challenging messages to the senior leadership team where improvements are needed. If you require a package of support services, consider getting an annual retainer in place and negotiating on costs.


Mary Conner writes regularly on health and safety courses and legislation. She contributes to a range of business and trade websites and publications.

Nylon Plastic – History and Applications

Nylon is a type of plastic, first created as a polymer in February 1935 by a research chemist called Wallace Carruthers. Carruthers wasn’t to know it at the time, but he’d created what was to become one of the most widely used polymers in the world.

Nylon plastic is a thermoplastic – that is, it is capable of being moulded when heated to high temperatures, but reverts to its stasis form on cooling. As such, nylon is used to make a lot more than just stockings. In fact, stocking were not even the first thing that nylon was used to fabricate. The stuff was first used to make the bristles on the nylon toothbrush – women’s stockings, colloquially still known as “nylons”, were created some two years later. Nylon was shown to be a fabric at the World’s Fair in 1939, four years after its initial creation by Caruthers.

In fibrous form, Nylon is used to make parachutes, trousers and webbing – its initial application as a replacement for silk fabrics being carried on to this day. It has major applications in the military as a result of its strength and durability – including, as noted, the manufacture of parachutes and military garments. Nylon may be made in more than one way, dependent on the molecules bonded together to make the polymer. The material is therefore more accurately described, or recognised, as a class – that is, a number of fabrics and materials whose constituent molecules and manufacturing processes are different, may all be thought of as nylons. In hardened form, nylon is used to manufacture plastic screws and gears. Any moving part or mechanical device that may previously have even die cast or metal cast, but which requires the ability to withstand only low to medium stress points, may be made from nylon. The plastic gear wheels and cogs fond in the winding mechanisms of some mass produced clocks are a fine example of this use of nylon.

The nylon most commonly used as rigid nylon is called nylon 6, after the number of carbon atoms that separate the two groups of acids and the two groups of amines bonded to form the polymer. This naming convention exists across the manufacture of nylon- each type of nylon receives a numeric designation that reflects the number of carbon atoms spacing the acids and amines in the chain.

The creation of nylon is an artificial replication of what happens in the human body when polypeptides are created (often in the gut). A polypeptides is a helix or string of bonded amino acids, which are linked together to form what is effectively a biological plastic. The structure of nylon is identifiable with that of a polypeptide (one of the most famous of all polypeptides, DNA, shows off this structure to great effect) – bonding strands tying together the amines and the acids in a single unit.

The Dupont laboratories (where Carruthers worked) put out a patent on nylon 6, which meant that other companies had to find a different way to achieve the same substance if they were to avoid infringement of copyright laws. The solution was to change the way polymerisation happened. Nylon 6 is made using condensation of acids and amenes: its commercial counterpart is made by breaking, rather than making, chemical bonds – with the resulting broken strands fusing together to form nylon.


Nylon plastic, first revealed in the mid-1930, has become one of the most widely used polymers.

Author Bio: Hecate Northrop is a molecular chemist. He researches in the domain of covalent bond theories to produce new types of nylon plastic which can be used for industrial purposes during different adverse environmental conditions.

Financial management – How are investors playing in the market

In the current global economic crisis, both retail as well as institutional investors are found to be acting against their strategic interests. According to financial analysts, a good number of investors are making decisions that do not go at all with their investment goals or plan.

The revelation comes from the assessment made by the Center for Applied Research (CAR) for over a year. The study conducted with around 3,300 investment management professionals have shown that due to increased unpredictability of the global economy and the uneven expectations of the financiers, government agencies and trade centers people have become somewhat more skeptic with the hopes of handsome returns on investments.

Recent trend in investments

After analyzing the data collected from the survey, people at CAR got to locate the following two trends:

  1. Retail investors – The CAR report noticed that retail investors are usurping their retirement funds. According to these investors, people should invest more aggressively as a part of their long-term goal or retirement plan. However, it was found that they prefer to allocate more cash in these times of economic instability and widespread financial crisis. Moreover, they hope to allocate cash for another decade or so.
  2. Institutional Investors – These groups of investors are fighting several socio-economic problems as well. They are struggling to meet the challenges posed by some of the complex asset classes. Moreover, dwindled returns on investments have made them scurry for hedge funds and other alternative forms of financial tools. However, in reality, the survey unraveled that most of the investors lack proper knowledge and expertise of ‘how trade in asset classes’.

Hence, to sum up the outcome of the analysis, Ms. Kelly McKenna, global head of the State Street Center for Applied Research, has said that investors, regardless of their tribe, had been never been so informed and interested in the day-today events happening in the global as well as local financial markets. As a result, according to her, people are displaying split personality while making investment decisions, i.e., they are behaving in contradiction to what they are planning to achieve and what they are actually doing.

This survey has also found out the reasons behind the contradictory behaviors of the investors. The report highlighted some of the global economic events that have influenced the investors and turned them into skeptics from their erstwhile image as confident traders.

Factors affecting the investors

Following factors were earmarked as the cause for the unreasonable behavior of the investors:

a)      Lack of faith in the financiers – There is an air of despair and suspect amongst the investor fraternity regarding their primary financiers. They are of the view that their financiers are not working in the best of interest for them. The value of service delivered by their financiers somewhat seem to them as insufficient as compared to the compensation provided by them. About 1/3 of the investors are confident about their financier’s service and commitment.

b)      Increase in national and global debt – The debt contagion has spread beyond the control of the heads of all the countries. As a result, both the national debt of all the countries as well as global debt is growing with leaps and bounds. Due to this fact, investors have lost their faith in the financial set up and find it tough to beat the factors affecting every financial market.

c)      Stricter market regulations – Investors are shying away from investing their money because they feel hindered while trying to do so. They blame these on the political heads of all the countries who are interfering in their daily activities.

The reason for them to think so is that they find the market regulatory laws made by the political heads of states in order to protect their economy from recession, as baseless and futile. As a result, a whopping 64% of the investors are of the opinion that these financial regulations will not be able to resolve the issues plaguing the global economy. Apart from that, around 62% of the investors believe that all the unwarranted costs will be levied on them.


This is a guest post by Allen Rey. Allen is a finance consultant and has extensive experience in the domain of personal finance. He is the Editor and Founder of All Financial Forms.

How to Protect Your Mobile Banking from Fraud

Mobile banking is a great tool for small businesses to access and keep track of their funds. However, when your mobile bank account is made easily available on your smartphone or other device, the risk of fraud or identity theft naturally increases.

Because so many individuals are taking electronic banking to the mobile phone as their main way of accessing accounts, the target for criminals has also grown. Mobile banking fraud is similar to online fraud in that it involves hacker’s accessing private login information, and because it is so easy to transfer funds, they can easily be sent to outside accounts. Here are 5 tips for protecting your mobile banking account from fraud.

Protect Your Login Information
This one goes without saying. Having a secure login and password to your mobile banking account is probably the most reliable way to protect your account from being accessed by someone you don’t know.

  • Be sure to include all types of characters in your password: upper and lower case, numbers and special characters.
  • Also be hesitant of using personal information like names and birthdates in your password.
  • Be Careful Choosing Apps.If you use a smartphone and download a mobile bank app to access your online bank account, be wary of which app you are downloading from the App store. Read the description details of the app to make sure it is not an imitation that may ask you for your personal information. Make sure that the app is authorized by your financial institution before downloading or using it.

Lock Your Phone
Most phones and smartphones include a lock feature on their home screen; you can set a password or number code so that only you can access its contents at any given time. According to American Banker, many banks actually rely on this to provide an extra layer of protection, so if you don’t set it your banking will not be as protected as it should be.

Be Aware of Email and Text Message Content
Even if the phone hacker does not have direct access to your mobile banking login information, they could still acquire it through other means once they have access to your phone.

  • Be sure to delete all messages sent to or received from your financial institution. They may contain account numbers or even login information that could be used against you.
  • E-mails in your smartphones inbox can also be used to obtain your online banking information. If you have recently requested a new password, be sure to delete any emails that would give your information away.

Know what to do If Your Device is Lost
Many of us have emotional relationships to our smartphone, but if your phone is lost or stolen it could mean much more than just a sad day. While Javelin Strategy & Research reports that 61% of mobile baking providers can let you deactivate their app from afar, be sure you take each and every precaution.

  • Access your mobile banking account as soon as possible to remove the old number from your profile.
  • Some devices can be remotely swiped of all memory and reset to factory settings.

Be sure to take advantage of these various safety features if you plan to do bank with your phone. By adopting each of these tips into your mobile banking, you will make your financial information safe from hackers.

About the author: Kate Webster writes for lead generation resource at Resource Nation. She focuses on a variety of topics including business banking and mobile banking solutions.