Monthly Archives: June 2017

Finding an Apartment for Rent: Not a Daunting Task Anymore

In the hierarchy of human needs housing stands at third position after satisfying the needs of healthy food and suitable clothing, because house is the place where a person relaxes according to his desires without any restrictions. Therefore, when it comes to construction of the personal house a person doesn’t leave any stone unturned in furnishing his house with all necessary contemporary accessories.But, what about the persons who are compelled to live in a rented house, how these people can furnish their houses to enjoy the complete relaxation at their home after having working schedule at their workplace? Because these people have to literally rely on the facilities offered by their landlord and they cannot make any type of change in their place and are bound to adjust with the limited facilities.Interestingly, all these problems in today’s scenario have become the folklores and now even you can enjoy the pleasure of relaxing in the rented an apartment in the same way as you can enjoy in your personal house. Today, trend of searching for rented apartment through local newspapers or through references has become an obsolete method of searching an apartment, now days there are various real estate agencies that will help you in tracking the apartments for rent according to your requirements. These agencies have the listed of registered apartments available for rent with them and on your request they can help you in getting an apartment on rent depending upon the budget available with you.

But, now you might question about the authenticity of these real estate agencies, especially about their higher service charges and condition of the apartments they provide for your residential purpose. If this is so, then you are at an edge of doing mistake, because the charges of these agencies are dependent upon the type of service required by you. This in-fact is my personal experience as almost a year back, I also had to undergo the same situation of finding a suitable accommodation for myself when last year as my the part of my job responsibility I was transferred to Adelaide from home town Brisbane.Anyhow, before sharing my experience, let me ask you a question that, Do you also feel that locating at a new place is always a daunting and scary task, especially in some new city? This question I am asking you, because last year I had to locate myself in one of the rented apartment due to my job. Although the distance between both these cities is about six hours or so, but as I had never been away from my apartment for a day travel of these six hours was not less than travelling to space.The next big problem in front of me was finding an apartment for myself, although my company had granted me the housing allowance, but responsibility of finding a suitable apartment for my living was on my shoulder. Fortunately, one of my colleagues who had also faced the same situation suggested me to search for apartment for rent through online sources, because in the current era when all activities move around internet searching apartments for rent in Adelaide was not a difficult task.An interesting feature which I realized while surfing the portals of these real estate agencies is that they facilitate you to place the type of property you want to rent in and do not pressurize you to live in the apartment suggested by them. Moving ahead the experts of these agencies will let you visit the place before finalizing the deal with the property owner, moreover the experts of these agencies will help you in getting the formalities associated with renting an apartment accomplished according to the rules and regulations prevailing specific region. One more interesting feature about the portals of these agencies is that they have the pictures of properties available for rent with them from both exterior and interior, thus making it easier for you to at-least estimate the condition of the place you are going to live in.

Postscript: As visiting a new place during vacation is an exciting activity, locating at new place has been just opposite to it. Because when you visit any new during vacation you just stay in some renowned hotel and return back to your city after three-four days, but when you locate to some unknown city for a long time you need to get yourself prepared according to its lifestyle. Moreover, as you are new to the city you are also unaware about the road and transport facilities which, along with the tension of finding a suitable apartment for rent enhances the series of problems you to have cope with.But as a friend in need is a true friend indeed by browsing the different website you can search an appropriate apartment provided to you by some established real estate agency.

Buy a Small Business in the UK

Looking for a serious investment opportunity? You may want to consider buying a small business in the United Kingdom. There are several ways to turn a good profit in small business, but there are some important things to keep in mind if you are looking for an investment opportunity, especially if you are an investor from the United States, Canada, and elsewhere.

Any investment opportunity naturally comes with some risk. Foreign investors will need to calculate an additional variable when figuring up the possible amount of profit margin, loss ,and potential for both, as well as the exchange rate. How well is your currency doing against the British Pound? Be sure to include some “wiggle room” in your budgeting for fluctuations in the exchange rate.

For those already living in the UK, concerns such as taxation and local regulation are familiar topics. To those in overseas locations, it’s important to look up the laws of the land pertaining to your type of business, the taxes for which you will be liable, and how to properly account for them. This may seem elementary to those with experience in putting money into an overseas investment opportunity, but for the first-time investor in a UK small business, there are many laws and policies that might surprise you. The key is to do your homework, get the advice of a good UK legal expert, and be prepared for a new and different way of doing business.

If you want to buy a small business in the UK, it’s good to do a bit of research into the type of business you want to use as an investment opportunity. Are there ways that you can expand the business onto the Internet? Can the Internet be a help to you in increasing sales, market visibility, or media awareness? All of these factors are important to keep in mind. The most successful small businesses are the ones whose owners know how to take advantage of the Internet, while still meeting local needs and demands with speed and precision. It’s not so different than doing business anywhere else in the Western world. It’s important to understand how the buyers in your area of the UK respond to and utilize the Internet when it comes to commerce.

You’ll also want to give your competing businesses a good hard look to see how they are using the Internet. Are you thinking of investing in an already crowded market? If so, you’ll need some fresh ideas to give your version of the business a new approach so that you can set it apart from the competition.

A UK investment opportunity in small business may bring some unexpected surprises if you are considering investing in a “rising star” business. For example, twenty years ago, nobody had ever heard of a “cyber café”. Today, cities are full of places that offer Internet services, games, coffee, and more for a price. This concept has become a very important part of many communities. Those who took the initial risk a few years ago, putting money in what they saw as a good investment opportunity, are reaping their rewards today.

Those who buy a small business in the UK often find that the investment opportunity is well worth the risks. With some research, a bit of financial planning, and the expert advice of a UK legal advisor, you can turn a potential opportunity into a major success. If you are living in America, Canada, or elsewhere,

Bylaws – The Guts of a Corporation

Most states make forming a corporation relatively painless by providing forms for practically everything. The bylaws of the corporation, however, are an area you don’t want to rely on a form.

What Are Bylaws?

Bylaws are the technical rules that govern how a corporation will be run. They are a private document for the corporation and are not filed with any government entity. The purpose of the bylaws is to set out how things such as meetings, voting and share transfer will occur with the business.

Provisions

Typically, the bylaws will be the biggest document in your corporate book. If you are a single shareholder entity, they tend to be fairly straightforward since there isn’t really any dispute possibility unless you have a split personality. If there are two or more shareholders, however, the document is going to be a key item because it is going to detail voting rights and so on.

Typically, the bylaws of a corporation will cover the following specific issues:

1. Board of Director Meetings – When, where and how meetings will be conducted.

2. Notice of Meetings – The form, time and how notice must be given to board members.

3. Quorums – Before a board can issue resolutions on corporate business, a certain percentage of board members must be present. This “Quorom” is set out in the bylaws.

4. Annual Meetings – The bylaws typically detail when and where the annual meeting of the entity will occur.

5. Special Meetings – The process by which special board meetings may be called when an issue arises that requires the immediate attention of the board.

6. Voting Rights – Language detailing the voting rights of shareholders and board members in relation to passing or defeating resolutions.

7. Share Transfer Rights – Language detailing share transfer issues such as right of first refusal and so on.

8. Directors – Language detailing how many board members there will be, the length of their term, compensation, etc.

9. Amendment – The process by which the bylaws can be amended to reflect the evolution of the business.

10. Removal – Language detailing when and how a board member can be involuntarily removed.

There are numerous other provisions that can and probably should go into the bylaws of a corporation. Make sure to discuss them with your attorney.

Can accounts receivable factoring help your business grow?

Are you stuck with great but slow paying clients? It is interesting how your biggest asset (great clients) can also be your biggest liability. But that is how business is. And as an owner you must adapt.

Whether you like it or not, slow paying customers are here to stay. As a rule of thumb, commercial clients pay their bills in 30 to 60 days. And lately, the trend has been deteriorating. So, what do you do if you have slow paying receivables.

Many owners try to go to the bank to get a business loan. Not surprisingly, few business owners get business loans. As a rule, banks will only finance companies that have long and established histories. This is not your case if your company is new or emerging from tough times.

If your biggest challenge is that you cannot afford to wait up to 60 days to get paid by your customers, then the solution is accounts receivable factoring. Most commonly known as factoring, this type of financing eliminates the usual wait to get paid. It provides you with the necessary funds to pay suppliers, meet payroll and take on new business opportunities.

And how does factoring work? Simple:

1. You finish the work and send an invoice to your client. You also send a copy to the accounts receivable factoring company.
2. The financing company advances you 70% to 90% of the invoice (a small reserve is held to handle disputes, etc.)
3. You get the funds in 24 hours
4. As soon the customer pays the invoice to the financing company, they rebate the reserve (less a small fee)

As you can see, accounts receivable factoring can easily be integrated into your business, providing you with prompt invoice payments. Usually, funds are advanced within 24 hours of submitting invoices.

Accounts receivable factoring is easy to qualify for. Accounts can be set up in as little as 4 business days. As opposed to business loans, the main requirement for factoring is to do business with strong credit worthy customers. So if you do business with good commercial clients (or the government), be sure to add factoring to your business tool chest.

Cash Flow Planning for Solo Professionals

You’ve heard it a million times – cash flow can make or break a business. Lack of cash flow planning is the reason why many businesses fail. In fact, many PROFITABLE businesses fail because of cash flow issues. Without adequate cash flow, you can’t pay your bills and you can’t make plans for your business.

So… what is cash flow planning? Cash flow planning is projecting your future cash inflows from sales, services, and loans, and comparing them to your future cash flow needs (suppliers, salaries/wages, loan payments, taxes, etc.). The difference between the two is your net cash flow.

Why is cash flow planning so important? Cash flow planning can help you identify problems down the road, and fix them before they occur. Cash flow planning can also help you make decisions such as should I attend that conference I’ve wanted to attend, should I buy the new computer I’ve been wanting, or do I need to work extra hard this month to avoid a cash flow deficiency next month?

The first step in planning your cash flow is knowing where you spend your money! Solo entrepreneurs need to have a good grip on both their personal and business spending, as most solo entrepreneurs rely on their business income to meet personal finance goals (i.e., pay the bills!). So, you should track both your personal and your business spending, although I recommend that you keep them separate (that’s a topic all by itself).

What’s the best way to track your spending? You can use pen & paper, spreadsheets or a software program. The best method for you is the method that you will actually use on a regular basis.

You should project your spending for at least the next 12 months so that you include annual and other periodic expenses. If you are experiencing a cash flow crisis, you should track & project your cash flow on a weekly basis, instead of monthly.

If you are an existing business, you can project your cash flow for the next year by reviewing your expenses for last year. If you are a new business, you will need to estimate your start up costs in addition to regular operating expenses.

Start up costs include inventory, legal expenses, advertising, licenses & permits, supplies, and many more costs that you may not have thought of. To research startup costs you should contact your local Small Business Development Center, contact a SCORE counselor, join groups of similar business owners, and read as many books or articles you can find on the subject.

To improve your cash flow, you should:

1. Complete the first 3 steps. You have to understand cash flow planning, track your cash flow, and project your future spending needs before you can improve your cash flow.

2. Create best and worst case scenarios and create appropriate responses to both scenarios. For example, if your best case scenario is to increase sales by 50%, how will you use the profits? Will you put the profits back into the company by investing in new equipment, training, etc.? If your worst case scenario is a drop in sales by 50%, how will you continue to cover your monthly expenses? By planning for the best and worst case scenarios, you’ll be ready for any situation.

3. When estimating your future income, realize that some people will pay late, and account for that fact in your projection.

4. Charge what you’re worth. Many businesses, especially service professionals, under-charge when they are first starting out. This is a great way to go out of business. Make sure you are charging what you’re worth, and remember you’re in business to make money, not to give your expertise away for free.

5. Watch your business spending. Focus on the value the item brings to your business, and avoid lavish spending (i.e., do you really need the fastest, newest computer available?).

6. Don’t hire until necessary. Consider using virtual assistants or temporary employees before hiring permanent employees.

7. Give incentives for early payment for products and services. On the flip side, chase down invoices the minute they’re late. Charge interest or late fees to encourage timely payments.

8. Update your cash flow regularly. Your cash flow plan will change frequently as your business grows. You may want to update your cash flow plan weekly when you first get started, then switch to monthly once you’ve got a good handle on your cash flow.

Remember – whether you are a new or growing business, your cash flow projection can make the difference between success and failure.

Chemical etching – An innovative process for your all nameplate requirements

Chemical etching is a skilled practice of engraving your brand name on a nameplate. Texas Nameplate Company etches your emblem directly or indirectly on the metallic or non-metallic base and makes it more pliable to any lacerations. Chemical etching can be a substitute for embossing. The chemical etched nameplates are made by masking certain areas of metal by acid resistant material and then taking off desired amount of exposed material by acid. Widely custom name plates are etched on aluminum, stainless steel, brass, alloys etc and then baked after stuffing with varnishes for a perfect finish. The depth of industrial name plates etching varies from 0.0015 to 0.003 inches, depending on the height and stroke of letters and the type of metal or alloy. Along with chemicals gas and electric processes can also etch these wide ranges of metals.

Etching, also termed as ‘milling’ is of different types like laser etching, abrasive etching in which abrasives are used, photo chemical etching which is quite inexpensive and a high quality etching method. Photo chemically etched metals thus produced can be used as cost effective name tags, custom labels, panel boards, personalized name tags, industrial name plates for commercial uses and personalized name plate. Electro etching in which electric current is used instead of chemicals, dry etching does not use chemicals at all, Reactive ion etching which uses electric circuits and gas having chlorine or fluorine as iodized particles and vapor phase etching which also make use of reactive gases and many others to add to the list.

Chemical etching is preferred for practical applications and product identification tag. Name Tags made by chemical etching are durable items, which withstand even the harsh surroundings. Chemical etching makes your custom name tags withstand toughest
environments, high temperatures and extreme outdoor conditions. Thus solve your purpose year after year. Texas Nameplate Company compliments the etching with screen-printing to avoid splitting or other form of wear and tear. Various adhesives are also added to etched metal name tags according to your specifications for pasting or welding. You can use our chemical etching nameplates on truck, tankers and trailer, control panels, dials and gauges of aircrafts, asset and property plates; and operating and warning signs for numerous electronics, military vehicles, and machinery etc. Chemical etching is also used to create stencils for commercial art and woodworks.

You can always depend upon TNC for any queries regarding the etching of your nameplates and sort out material suiting your specific requirements.

Apartments For Rent – How To Make The Right Choice

Renting an apartment is not something you do every day. It should be handled with consideration. The decisions you make will affect your lifestyle, and should therefore only be taken after a thorough analysis of your options. There are many apartments for rent in Tucson, giving you a chance to be selective.Once you made the decision to rent an apartment, take inventory of all the places currently on the market. Eliminate those apartments for rent in Tucson that are in undesirable locations. Why waste your time with these flats when you do not want to live in those neighborhoods anyway. Next, you should set a budget. How much money can you comfortably spare each month for your accommodations? Stick to that plan, as when you sign an unaffordable lease, you will regret it later on. Spreading your funds too thin will limit the money left for food, clothing, entertainment, and transportation.

Record all the features you absolutely want, and take that spreadsheet with you when you visit the apartments on your list. Mark all the features you like, and those that are missing. It is very unlikely to find the perfect rental place, but some will come very close. Talking to the building residents and manager will give you additional information.

The more you know at the end of your visit, the easier it will be to make a final decision.There are always many apartments for rent in Tucson because of the snowbirds and students. Many people come and go in Arizona, creating more housing options than you could ever dream of in any other city in the southwestern region.

Creating Cash Flow with Old Inventory

Being a retail consultant, there is a comment many business owners used. It is “I’m not giving away my inventory”. It is most common among store owners that business is in bad shape. It is too bad that most retail owners don’t understand about inventory. Inventory does two things. It eithers makes you money or costs you money.

You need to have sufficient inventory to be profitable. However, having too much inventory is a larger problem than too little inventory.

Too much inventory ties up critical cash for your business. It can also result in more damages to your merchandise. The key is to find the right price to move your merchandise. Slow moving items take up space and cash that could be used for more profitable items.

There are times you have to adjust your pricing strategy. For example, let’s assume your retail price is double your cost. In this example, you pay $10 and it retails for $20. If it is a slow mover or discontinued item, what should be the new price? I would take 20% off for 1-3 months, 50% off and then 75% off. If you have to sell at 75% off, you will sell below cost. Cost should never be a factored in marking down an item.

I can hear you yelling now. I’m not giving away my inventory. You are looking at your inventory from the wrong perspective. Your product is worth what a customer will pay for it.

Using my example, let’s say you sold your product at 75% off. How much did you make on that item?Your answer most likely was a loss of $5.This was based on a $10 cost and $5 retail. That answer is partially correct. The more correct answer is that you made $5.

You took an item that was producing zero and turned it into $5 cash. You can take that cash and space and use it for a profitable item. Many times a business does not have enough cash to buy the needed quantities of the best-selling products. If you take the cash from the poor sellers and use it for good sellers, you will more than make your money- back.

No matter how good a buyer you are, there will be items that don’t sell. The key is to realize this and react before it ties up too much cash and profit.

An added benefit of taking care of your problem inventory is increased sales. You will get customers who will shop your store regularly looking for your markdowns. Many of them will buy your high gross items also. If you take care of your problem inventory regularly, your markdowns dollars will be less.

Inventory is critical to your business success. The key is to take action on the slow moving and discontinued. This will make your bottom line better in the long run.

Commercial Machine Vending – What’s The Best Way To Get Started?

If commercial machine vending is a business that you are interested in, there is a wealth of information about vending machines and vending routes available online. It is one business that is easy to get into, but depending on the types of commercial vending machines you want to have, it could require a substantial investment. The distributors for commercial machine vending machines often have payment plans available and you can choose to lease the equipment you need.

Some people prefer to get into the vending machine business by purchasing an established vending route. Distributors can give you information about vending routes for sale where the machines are already placed in strategic locations. The locations for the vending machines determine how much money you will make in commercial machine vending because you do need areas where there are lots of people. The distributors will also have a used vending machine to purchase, which can save you money in getting started.

It is impossible to accurately predict how much money you can make with commercial machine vending. The success or failure of your business will depend on the location of the machines as well as the products that you sell and the reliability of the vending machines. If you want to purchase a vending route for sale, you should do your research beforehand and check out the machines. You might approach the seller about a vending machine to purchase so that you can start out small. This will also give you a chance to see if purchasing the full vending route might be beneficial to you.

Since the vending machine business is a commercial enterprise, you do need to abide by state/provincial rules regarding commercial machine vending. You will need to have a business licence and you need to keep accurate financial records for tax purposes. Another aspect that you have to consider with a vending route for sale is that the business owner gets a commission of the amount of money that you take out of each machine. This is usually 40% of the gross, before you deduct any expenses.

Look for a vending machine to purchase when you want to get into commercial machine vending. Most people start off with candy or gumball machines, but there is also a great profit into snack and soda vending machines. There are also vending routes for sale with machines that sell medical supplies, such as aspirin or even products associated with personal hygiene, such as toothpaste, soap and dental floss. The possibilities for products are almost endless when you consider the commercial machine vending business.

Electrical Safety Is Not Shocking

In electrical injuries there are four main types of injuries: electrocution (will cause death), electric shock, burns, and falls. These injuries can come from direct contact with the electrical energy, electrical arcs that jumps to a person who is grounded, thermal burns including flash burns from heat generated by an electric arc, flame burns from materials that catch on fire from heating or ignition by electrical currents, and muscle contractions can cause a person to fall. The fall can cause serious injuries also. High voltage contact burns can burn internal tissues while leaving only very small injuries on the outside of the skin.
There are some safeguard procedures that can be followed to ensure electrical safety:
1) Inspect tools, power cords, and electrical fittings for damage or wear prior to each use. Repair or replace damaged equipment immediately.
2) Always tape cords to walls or floors when necessary. Nails and staples can damage cords causing fire and shock hazards.
3) Use cords or equipment that is rated for the level of amperage or wattage that you are using.
4) Always use the correct size fuse. Replacing a fuse with one of a larger size can cause excessive currents in the wiring and possibly start a fire.
5) Be aware that unusually warm or hot outlets may be a sign that unsafe wiring conditions exists. Unplug any cords to these outlets and do not use until a qualified electrician has checked the wiring.
6) Always use ladders made of wood or other non-conductive materials when working with or near electricity or power lines.
7) Place halogen lights away from combustible materials such as cloths or curtains. Halogen lamps can become very hot and may be a fire hazard.
8) Risk of electric shock is greater in areas that are wet or damp. Install Ground Fault Circuit Interrupters, known also as GFCI, as they will interrupt the electrical circuit before a current sufficient to cause death or serious injury occurs.
9) Make sure that exposed receptacle boxes are made of non-conductive materials.
10) Know where the breakers and boxes are located in case of an emergency.
11) Label all circuit breakers and fuse boxes clearly. Each switch should be positively identified as to which outlet or appliance it is for.
12) Do not use outlets or cords that have exposed wiring or use power tools with the guards removed. Do not block access to circuit breakers or fuse boxes and do not touch a person or electrical apparatus in the event of an electrical accident. Always disconnect the current first.
A Ground Fault Circuit Interrupter (GFCI) works by detecting any loss of electrical current in a circuit. When a loss is detected, the GFCI turns the electricity off before severe injuries or electrocution can occur. A painful shock may occur during the time that it takes for the GFCI to cut off the electricity so it is important to use the GFCI as an extra protective measure rather than a replacement for safe work practices.
GFCI wall outlets can be installed in place of standard outlets to protect against electrocution for just that outlet, or a series of outlets in the same branch. A GFCI Circuit Breaker can be installed on some circuit breaker electrical panels to protect an entire branch circuit. Plug-in GFCIs can be plugged into wall outlets where appliances will be used and are commonly found in bathrooms. Another common use for GFCI is for pools and hot tubs.
Test the GFCI monthly. First plug a “night light” or lamp into the GFCI-protected wall outlet (the light should be turned on), then press the “TEST” button on the GFCI. If the GFCI is working properly, the light should go out. If not, have the GFCI repaired or replaced. Reset the GFCI to restore power. If the “RESET” button pops out but the light does not go out, the GFCI has been improperly wired and does not offer shock protection at that wall outlet. Contact a qualified electrician to correct any wiring errors.
Power tools used incorrectly can electrically hazardous. Switch tools OFF before connecting them to a power supply. Disconnect power supply before making adjustments. Ensure tools are properly grounded or double-insulated. The grounded tool must have an approved 3-wire cord with a 3-prong plug. This plug should be plugged in a properly grounded 3-pole outlet. Do not use electrical tools in wet conditions or damp locations unless tool is connected to a GFCI. The operation of power tools might ignite flammable substances and in can cause an explosion near certain vapors and gases.