February 2017

Standby letter of credit (SBLC) funding or the monetizing of bank instruments including Bonds, SBLC’s, BG’s, LC’s or SKR’s to fund projects are on the rise. While lending from traditional institutions has virtually come to a production stand still, the monetizing of instruments is on the rise; and for good reason.

SBLC funding or the monetizing of bank instruments is very popular because there are no traditional credit requirements, asset requirements or down payments associated with conventional funding or lending. However, there are very strict requirements in the approval process which includes a favorable compliance report associated with Homeland Security and International Money Laundering Laws.

The process of monetizing bank instruments involves converting a secured instrument, usually backed by a cash, secured account or secured asset, into something legal tender. Many times, the secured or cash backed account or asset is held in a trust or another account in which the holder is unable to retrieve additional funds per the agreement of the account.

Why monetize? As an example, in the economic security of the market 5 years ago, hospitality financing was a very tedious and difficult industry to finance, but still attainable. Today, hospitality financing is almost impossible for those who are seeking new purchases, refinancing, remodeling or construction. If you currently own a hospitality property, the chances of getting funding are greater but depend on performance spanning over a 3 to 5 year period. SBLC funding for hospitality projects or monetizing an instrument can be the solution as there are no performance requirements; the performance is based on the guarantee of the instrument and not the property.

This also stands true for residential developments that are in the mid-stages of construction and halted by the inability to continue to draw on previously arranged credit lines. Commercial developments will also benefit by this method of funding as there are no “anchor” requirements or tenant rolls to supply. Alternative energy project financing are particularly viable for sblc funding or via monetizing a bank instrument. These overcome traditional funding sources tangible asset requirements.

The list is endless as to the uses of the funds for projects and developments. For example, monetizing can also be a viable solution to community economic development, housing and employment creation as well as debt consolidation for corporations and companies.

A few words of warning to those seeking bank instrument providers and monetizing companies. Fraud in this industry is on the rise. The instruments should be issued by Top 25 World Banks. Leased instruments can be monetized but it takes the expressed written permission of the holder of the instrument and of the issuing bank, stating the agreement between all parties and the expressed knowledge of the intention of using the instrument. There should also be a contract issued to the customer after approval, outlining the terms and conditions of instruments and monetizing.

Finally, fees should be deducted from the proceeds when monetizing so there are no upfront costs to you. Arranging instruments usually results in escrowed …

How well does your professional bio showcase your abilities? Does it tell your personal brand story? Is it current and compelling?

Unfortunately, most insurance professional bios are stale and boring. They lack heart, depth and inspiration. Company profiles are often riddled with tired clichés and insurance industry jargon. And the typical executive bio is no better than a resume – a bulleted list of jobs and skills that can easily be forgotten.

A descriptive and well-written business bio puts a personal face on your offering and makes insurance prospects feel more comfortable and at ease. It clearly conveys your credibility and demonstrates your success, giving your prospects faith that you can really deliver on your promises.

Professional bios are multi-talented insurance marketing pieces. They can be incorporated into insurance websites, brochures and sales sheets. They can also be used for:

  • Insurance article bylines
  • Speaking engagements
  • Professional introductions
  • Networking
  • LinkedIn and other social networking profiles

Professional bios are highly recommended for insurance executives, insurance agents and anyone else who strives to develop and market a personal brand. In fact, some innovative, service-driven insurance companies display bios for all customer-facing employees on their websites.

BIO Dos

  • Use vivid examples of your capabilities.
  • Include objective measures of your successes.
  • Incorporate a few interesting quotes.
  • Keep the writing formal and in third person.
  • Customize your bio for each potential audience.

BIO Don’ts

  • Avoid long resume-style lists of job titles.
  • Don’t write in the first person.
  • Resist the urge to be verbose. Most bios can be completed in one to two pages.

Isn’t it time to tell your professional story in a way that’s relevant and interesting to your target market?

The sheet metal fabrication industry is growing leaps and bounds these days. Wherever there is a construction happening, there would be a need for metal fabricators. Metal fabricators shops are generally small businesses that operate locally. Depending on the projects, the fabricators need to equip themselves with the latest tools and technologies. Experienced ones are not only experts in the fabrication, but they are experts in all kinds of metal fabrication works.

Prerequisites For Starting A Sheet Metal Fabrication Business

If you are planning to start up a small shop, you will need to familiarize yourself with these working tools,working machinery, shop safety, materials used in the trade, sheet metal types, and fasteners for them. In addition, you will need to have in-depth knowledge about processes such as punching, drilling, riveting, folding edges, making seams, turning, burring, raising, forming, crimping, beading, grooving, and soldering. When you are starting up a shop, you will need to purchase or rent a shop. The location of the shop needs to be strategic.

These business can be very lucrative if you have the right costing and you know how to maximize profits. There is tough competition in the fabrication business, so you will have to ensure that you prices are competitive. The industry is highly diversified industry and produces more products than most people realize. Right from air-conditioning ductwork to railroad box cars are all made of sheet metals. Due to this diversity, the sheet metal fabricating industry can withstand the ups and downs of the global economy. When you are about to start the sheet metal or metal fabricating business, you must know where to begin from.

There are several entrepreneurs who have the money to start the business, but they don’t know where to put the money and how to start the business. As an entrepreneur, you have two choices in the business. First, you can either start the business for a specific product such as ductwork. Second, you can start off as a generic service provider.

As a metal fabricator, you need to be very flexible and proactive to customer demands or requirements. Customers can either provide the designs or they may expect you to come up with the designs. In both situations, you will have to ensure that you give perfect service to the customer. Even though the business is a small business, you will still need to register your business. Before registering your business, you will have to keep a suitable name for the business.

Selection of a strategic office space and a spacious workshop for the sheet metal or fabricating business is also very important. You will need skilled manpower and latest equipments to counter any customer challenge. Most of these businesses have faced hardships in the initial years, but after few years, things begin to fall in place.…

Principles behind personal and self mastery are actually fundamental concepts that are essential when building professional, social, interpersonal, and spiritual relationships. The first principle stresses being aware of how you define success. In personal mastery, along with its central component of emotional mastery, internal change, in the here-and-now is actually more important than what has happened in your past.

Personal mastery is also based on how you have come to define and understand your own reality – what it is you believe about your life right now, about yourself and about others. Personal mastery is central to how you think and what you believe and the level to which you are or are not aware of your own thoughts and their effect on how you feel and even more importantly how your thoughts and feelings play themselves out with others.

7 Central Principles of Personal Mastery

  1. Set goals for yourself and take action to achieve them
  2. Be open to learning how to deal effectively with difficult and challenging situations
  3. Identify positive behaviour and feelings and validate yourself
  4. Challenge your thoughts by looking for “objective” evidence for against what you believe
  5. Let go of negativity that can keep you stuck in resentment and blame
  6. Develop and nurture an inquisitive mind-set and an attitude of gratitude
  7. Learn to ask skillful questions of yourself that will help you understand yourself better

It is important for you to invest your time in and energy on things that you can control. This means focusing on yourself and what you want to change and not focusing on trying to change or fix anyone else. It is important to let go of any proclivity to have a reactive attitude that can lead to feelings of resentment, rejection-sensitivity, negativity, blame, and shame, that are obstacles to healthy change and that can keep you stuck in repeating old and worn out patterns of relating that cause you to continue suffer. When you are invested in suffering, it is suffering that you master. Not personal self and emotional mastery.

Another principle behind self mastery is understanding that what happens to in your life is based on your own choices – accepting personal responsibility is the way to create change moving forward in your life. Decisions about your life need to be made by you in a conscious and aware way. A proactive way. Not a reactive way.

Having a clear vision of what you want and what you need to learn more about to achieve your goals is also very central to building your personal mastery. After identifying your goals it is important to create a plan of action that will help you to achieve your goals. Taking action steps toward the achievement of your goals is the way to apply your vision, values, and principles to your self-improvement, emotional and personal mastery. Mastery means you are continuing to build and strengthen your emotional, psychological, and psychosocial competence.

Overall, an individual who actively engages his or her own process of …

Most families these days are looking for any way they can to make a little extra money without having to put out any money, if you are handy with small engines why not start a lawn mower repair business?

Lawn mowers need plenty of maintenance, especially when they sit all winter long. Most of that maintenance is fairly simple such as tune ups, draining gas and replacing it with fresh, or sharpening the blade. Often times though people do not think to get these things done and before long, simple maintenance becomes more costly and complex.

This leaves the door open if you know how to work on small engines such as these, not only lawn mowers, but gas powered weed eaters, snow blowers and any other sort of small gas engine. Many people do not know how to properly maintain this type of equipment and just advertising maintenance alone could bring you a good source of income.

If you have the tools offer blade sharpening services, and even engine repair, while most mower repairs are simple, there will be the odd motor that will need to be replaced. As you make a bit of money invest it into purchasing used mowers and other equipment that you can bring back to life and sell for a profit. There is a thriving market for used lawn equipment pretty much anywhere you live.

Deciding what to charge your customers is easy, make calls to the repair shops around your neighborhood and ask them what they charge. Since you will be new to the business, be prepared to seriously undercut their prices, this will help you get and keep customers, and since you will be working out of your home, your overhead will be low anyway.

You will need to have a garage with a decent work bench and space to work, or even better yet if you have a van or truck you can advertise mobile repair. Mobile repair brings an even higher hourly fee since your customers are relieved of the responsibility of transporting their dirty lawn mower in the back of their brand new SUV.

The best way to advertise your business will be by enlisting your family to pass out fliers around the neighborhood, leave signs on telephones and advertise at your local grocery store.

Since this is a seasonal business keeping customers is essential, try to offer them extras if you can, like a free oil change or a loaner lawn mower while theirs is being worked on. Little extras like these along with a friendly attitude will keep them coming back year after year.…

Do you need to get a UB04 form completed for an insurance company?  What is a UB04 form?  Where do you find one?  And how do you fill it out?  We run across these questions often in the world of medical billing.  Most medical health insurance claims are filed on CMS 1500 forms (sometimes called HCFA forms).  These are more common to most people.   Many billers don’t know when to use the CMS forms and when to use the UB 04 forms.

The UB04 claim form is used by facilities rather than physicians for their health insurance billing.  Hospitals, rehabilitation centers, ambulatory surgery centers, clinics, etc need to bill their services on the UB04 form in order to get paid.  Physician billing is done on the CMS 1500 claim forms. 

Every once in awhile we get a call from a person who is trying to get an insurance claim paid and they are told by the insurance company that they must file the claim on a UB04 claim form.  These people don’t have a clue what this form is or how to complete it.  They may have had to admit a loved one into a drug and alcohol rehab facility and now find that the facility doesn’t participate with their insurance plan.  These facilities often don’t file UB04 forms and can not help the family get reimbursed by the insurance company.

Many times the family has paid up front for the services of the facility and are now trying to get the insurance company to reimburse them.  The insurance policy may pay out of network but the claim must be filed correctly on a UB04 form.  Often times people are trying to collect many thousands of dollars on the claim.  Required fields on the UBO4 form include rev codes, value codes and type of bill.  What do you put in these fields?   These forms can be very confusing.  Where do you get the correct information to complete the forms?  And which fields are required on the form?  If the facility does not have a UB04 form to fill out, where do you get one? 

Unfortunately the answers are not easy.  The Rev codes represent the procedure codes.  The type of bill is a three digit number that represents the type of facility, the bill classification and the frequency of the bill.  The value codes are required fields only in certain situations.  It is very difficult to complete these forms correctly without previous experience or proper training.  Another catch is that the forms were changed in May 2007 to allow for use of the NPI number.  You must understand NPI numbers completely to determine where you should be entering an individual NPI number or a group NPI number.  And when you try to find UB04 forms for sale, you find they are available in boxes of 2500.

If you find yourself needing to file a claim on a UB04 form and don’t know what you are doing, make sure you look …

Dogs are great animals. Everybody’s got to love dogs and taking pictures of them. But did you realize that you could sell dog pictures online and actually make money doing it? If you have a dog and have a digital camera why aren’t you making money taking pictures of your dog!

You may be wondering how you can sell dog pictures online and the answer is through micro stock photo websites. These are websites where they let anybody submit photos and earn money from them. Of course, your photo must be accepted and be good quality. But once it’s in the website then anybody can download it and for each download you make some cash.

Many people on the internet need photographs of dogs for their websites, advertisements, etc. You can submit a photo of a dog and have it end up on a website some day! Or it could even end up in advertisements in magazines. People use these stock photos because they don’t have the time or skills to go out and take quality photos for whatever they are doing.

Picture Quality

You must have photos that are of good enough quality. There’s no need to go out and pay money for some photography school or get your bachelors in photography but if you know how to take better photos your photos will be much more highly desired.

As with posing models, dogs must be posed properly. You must make sure that your dog is authentic looking and relaxed. The lighting also must be good quality. Unless you have a big studio, shooting outdoors with the sunlight is the best option. Don’t shoot at 12 PM because the sun will be directly overhead making bad lighting. Try early in the morning or later I the afternoon.

Taking one single picture of your dog can make you a little bit of money but you will want to take more than one. Try to get photos of all your dogs and even the neighbor dogs. Build a dog photo collection of all the dogs from your friends and family. Ask them for the rights to the photos and in return you’ll give them copies of the photos you take. Making money selling dog pictures online is real and many people are doing it earning lots of money already.…

There are so many jobs to choose from in online employment. If just depends on what you are looking for. If you like crafting, making things and putting the pieces together, free work at home assembly jobs may be just what you want. You get to do something you like, you get to work at home and you can get paid big bucks! Almost seems too easy doesn’t it? Anytime you get to do something you enjoy, the job is easier. When you are enjoying yourself, it just doesn’t seem real; you almost feel that you should be paying for the pleasure. But this job is absolutely for real.

When you are working an assembly job, there are different categories, such as electronics, crafts, jewelry and toys. You could be working with wood, shells, plastics or material. There are so many items that companies could need you to make or finish. Christmas ornaments, and doll furniture could be among the products.

You get to choose the category that you want to work in, so if you have particular skills in wood, that is what you would want to choose. Anything that gives you an advantage is good, it means you can work faster and make even more money.

When you choose assembly jobs, the company will send you the materials you need to make or finish a product. You will need simple household tools such as scissors, screwdriver, hammer, glue gun and sewing needles. You also get a postage paid packet to return your finished products. The more you complete, the bigger the paycheck!…