Related parties are those with whom the client has a relationship which might destroy the self-interest of one of the parties (accounting is based on measurement of arm's length transactions). Related parties include affiliates of the client, principle owners, management (decision makers who control business policy) and members of their immediate families.
Recently, my husband and I dined at Christini's Ristorante Italiano in Orlando, Florida. We both agreed that we had never before enjoyed such a fine dining experience. Discussing what made Christin... [ more... ]
Customers leave a company for a lot of different reasons; they die, move away, develop other relationships or shop for better deals. We don’t have any control over these reasons, but t... [ more... ]
When we lose a single customer, we do not lose a single order but a lifetime opportunity of profitability with that individual. Do you know the average lifetime value of your customers?&... [ more... ]