{"id":2664,"date":"2016-10-11T14:44:45","date_gmt":"2016-10-11T14:44:45","guid":{"rendered":"https:\/\/picb-us.com\/?p=2664"},"modified":"2023-08-14T20:44:39","modified_gmt":"2023-08-14T20:44:39","slug":"indiana-jones-the-credit-trilogy-part-1","status":"publish","type":"post","link":"https:\/\/picb-us.com\/indiana-jones-the-credit-trilogy-part-1\/","title":{"rendered":"Indiana Jones & the Credit Trilogy – Part 1"},"content":{"rendered":"
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Indiana Jones & the Credit Trilogy<\/strong><\/span><\/p>\n Part 1<\/span><\/p>\n Raiders of the Lost A.R.C.<\/strong><\/span><\/p>\n By Robbie Burch<\/span><\/em><\/span><\/p>\n [\/vc_column_text][vc_column_text]<\/p>\n \u201c<\/span>I\u2019m going after a kind of incredible historical significance, you\u2019re talking about the boogie man. Besides, you know what a cautious fellow I am.\u201d \u2014\u00a0<\/span>Indiana Jones\u00a0<\/span><\/i> Any business, regardless of size or type, is an adventure, and like any good adventure it is always good to come prepared with the right tools, the right knowledge, and the right mindset. While determining credit risk may not be as glamorous as a search for the Ark of the Covenant, attempting to grant credit without good policies can be just as dangerous. In Part 1 of PICB’s 3 part series on credit we explore the basics that are necessary for a good foundation, and a sound credit policy. The initial process requires 3 basic steps:<\/span><\/p>\n [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]A<\/b><\/span>ssemble: <\/span><\/span>[\/vc_column_text][vc_column_text]<\/p>\n [\/vc_column_text][vc_column_text]R<\/b><\/span>eview<\/span><\/span>[\/vc_column_text][vc_column_text]<\/p>\n [\/vc_column_text][vc_column_text]C<\/b><\/span>onclude whether a line of credit should be more liberal or more conservative using the following guidelines. <\/span><\/span>[\/vc_column_text][vc_column_text]Consider more liberal lines of credit when:<\/span><\/p>\n Consider more conservative lines of credit when: <\/span><\/p>\n [\/vc_column_text][vc_column_text]In the end your credit policy shouldn’t have to feel like another quote from Raiders of The Lost Ark: <\/span>\u2022 <\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n \u201c<\/span>I don\u2019t know. I\u2019m making this up as I go.\u201d \u2014<\/span>\u00a0<\/span><\/i>Indiana Jones\u00a0<\/span><\/i><\/p>\n<\/blockquote>\n [\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":" [vc_row][vc_column][vc_column_text] Indiana Jones & the Credit Trilogy Part 1 Raiders of the Lost A.R.C. By Robbie Burch [\/vc_column_text][vc_column_text] \u201cI\u2019m going after a kind of incredible historical significance, you\u2019re talking about the boogie man. Besides, you know what a cautious fellow I am.\u201d \u2014\u00a0Indiana Jones\u00a0 Any business, regardless of size or type, is an adventure, and…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/posts\/2664"}],"collection":[{"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/comments?post=2664"}],"version-history":[{"count":19,"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/posts\/2664\/revisions"}],"predecessor-version":[{"id":9714,"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/posts\/2664\/revisions\/9714"}],"wp:attachment":[{"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/media?parent=2664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/categories?post=2664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/tags?post=2664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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\n<\/span>Your credit policy should have a meaningful impact on improved sales, profitability, and the right amount of risk. When drafting your company’s credit policy you set the agenda for encouraging creditworthy sales and preempting sources for conflict. In Part 2 of our 3 part series we will go over the specifics in creating a General Policy Statement and Credit Approval Procedures. Credit risk doesn’t have to be scary, let PICB help you formulate your own business adventure, and reap the TREASURES and RICHES like Indiana Jones himself. <\/span><\/p>\n