EVANSTON, IL, May 31, 2011 (Press-News.org) Last year, one out of ten businesses lost money simply because they did not have the latest business information about their clients. Were you one of them?
Stephen Bastien was, and he never saw it coming. His company lost $105,600 when he approved shipping merchandise, on credit, to a company that filed bankruptcy the day before. "We thought we covered all our bases," said Bastien. "We pulled a credit report, scrutinized their latest financial statement, and checked their credit references."
Had Bastien read that morning's newspaper, he would have seen a small article tucked away on page eight announcing the company's filing. But Bastien, like many business professionals, simply didn't have time to read the entire newspaper that morning. Had he done so, he never would have shipped the product—and would never have caused his company to take a $105,600 loss.
To help companies avoid the scenario Bastien and his organization went through, BNS Co. has created Business News Shorts, a daily service that reports the facts on today's companies—in a succinct and organized way—so you only read the information pertinent to you and your company.
According to Michael Roberts, one of the founders of BNS, "Often, the best defense against losing money is having the latest information on a company—something you do not always get in business credit reports."
Business News Shorts has broken down their reporting into three separate categories:
• A daily electronic newspaper that contains the very latest news on companies across the U.S.
• A weekly electronic publication that contains information on companies experiencing some form of "downward" trend in their business
• A bi-weekly publication that contains information on companies experiencing some form of "growth" trend in their business
And now, Business News Shorts is available for the mobile market, so you can get all the information delivered right to your Smart Phone.
For more information on how you and your company can save both time and money with Business News Shorts, visit http://www.businessnewsshorts.mobi or http://www.businessnewsshorts.com.
About BNS Co.
BNS Co., publisher of Business News Shorts, offers three different publications for one low membership price. These include Daily Business News Shorts, Growth Companies, and Downward Trends. Combined, readers receive information about current business news, as well as U.S. companies that are either growing or facing challenges. To learn more about BNS publications, view sample publications at http://www.businessnewsshorts.com or from your mobile phone at http://www.businessnewsshorts.mobi
BNS Co., a division of S.R. Bastien Corp. is a twenty-nine year old business news publisher located a block off of the Northwestern University campus in Evanston, Illinois, USA
Founded in 1982 by Stephen Bastien, S.R. Bastien Corp. reports the latest business news on American companies.
Mr. Bastien began his company on a Smith Corona typewriter in the basement of his home. The event that sparked his first publication in 1982, Creditor's Edge, was him shipping $105,600 in merchandise to a customer that had filed bankruptcy a day earlier. If he had the time to read that day's newspaper he would have read about the filing. As the Director of Credit for this company he had to write off to bad debt more than $100,000. He realized there was a need for a more efficient way to report the latest business news.
Now with four business news publications, S.R. Bastien's new publication, Business News Shorts, makes it easy for business professionals to read the latest news affecting American companies, in less than ten minutes daily.
Contact: Stephen Bastien
Phone: 847-858-1175
Email: info@businessnewsshorts.com
Companies Lose Over $1 Billion Each Year Because They Lack Updated Business News
BNS Co.'s new publication, Business News Shorts, makes it easy for business professionals to read the latest news affecting American companies, in less than ten minutes daily.
2011-05-31
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[Press-News.org] Companies Lose Over $1 Billion Each Year Because They Lack Updated Business NewsBNS Co.'s new publication, Business News Shorts, makes it easy for business professionals to read the latest news affecting American companies, in less than ten minutes daily.