231 Front Street, Lahaina, HI 96761 info@givingpress.com 808.123.4567

Factors That Affect the Cost of Travel Insurance

Travel insurance policies come in different types of packages, with all manner of options and choices. It is designed this way for a reason, of course. You would not want to pay for cover that you are unlikely to need, or skimp on cover you should have.

A basic policy may be adequate, or you may find you’ll be more comfortable paying a bit more to obtain higher levels of cover, as needed. It often depends on where you plan to travel. Let’s say you plan to travel to a destination such as Madagascar, which has limited medical facilities. In the case of a serious medical emergency you may have to be transferred by air ambulance to another country for treatment. Therefore, you would be wise to pick a policy that offers the maximum cover for medical emergencies. It should also include cover for air ambulance and medical repatriation. If you check you may find that a very cheap policy does not include this cover.

You will need to decide whether to opt for a Single Trip or Annual Multi-trip policy. If there is any possibility that you may take more than one trip in a year the Annual policy is normally the best value for money. On many policies children are included free – which is a major saving for family holidays.

Travel insurance premiums normally increase depending on where in the world you are travelling. For example, the cost of travel insurance for a British citizen travelling to Europe would be less than if they were flying long-haul to a destination such as North America or Australia.

Most travel insurance companies offer different levels of cover so that you can choose. Paying a bit more for the next level should affect the amount the insurer will pay on a claim, or increase the amount of items covered. Pay attention to the amount of Excess (Deductible) included as it may be much higher on a cheap policy. (This is the amount you have to pay towards a claim). To keep the premium very low it is often the case that levels of cover have been cut or the amount of Excess increased.

When it comes to pre-existing medical conditions the cost may increase dramatically for serious pre-existing conditions, or the insurer may not offer cover at all. Most often though the average company will agree to cover a specific condition for an extra premium, or with the understanding that any claims related to the condition are excluded. This can be a bitter pill to swallow for those that are affected.

Unfortunately, it is a fact that travel insurance for seniors is usually more expensive because of the assumed increased risk of a medical problem arising – despite the fact that our seniors are probably healthier these days than they have ever been!

Winter sports (skiing/snowboarding) insurance can be added to a typical travel insurance policy for an additional fee. Other add-ons may include cover for activities such as:

  • Business

Self Gratitude and Personal Success

Self gratitude is the ability to appreciate self without the benefit of an outside influence and it is something that is very difficult for most people to do though without a doubt it is the most powerful thing any of us can learn to do.

There are so many different tools and systems to success that it could boggle the mind if one was to spend too much time looking around at all the options. There is, however, a single unifying thread that makes any or all tools and systems work – or not – the user. Each tool and system is powered by how the user feels about them selves. Gratitude in any form is a powerful attitude that will net results, however self gratitude is a power tool that can change all things. It is the key to personal success – whatever that means to you.

Many of us picked up where our parents left off with the practice of berating ourselves anytime our performance is less than what we perceive as our very best or beyond our capability. In many cases, we have set ourselves up by expecting the impossible which we can’t live up to, and then beating on ourselves for not being able to live up to our expectations. For those of us who do that, we have left little or no room to let ourselves off the hook.

The interesting thing about that little game with ourselves is that like our parents, we would never reward ourselves for substandard performance. Having a successful business that offers freedom and flexibility is a very big reward – that would feel much like it would have felt if our parents actually did buy us that brand new Porche for our 18th birthday. The problem is, few of us actually feel deserving of rewarding ourselves with such a big prize.

There is hope in the power tool called self gratitude or self appreciation; it’s just a matter of learning how to use it and applying it as consistently as possible. Here’s the rub: Often, people will dive on this idea and try and perform it perfectly – which is nearly impossible at the best of times never mind just starting out – allowing their ‘not good enough’ thinking to propel them right back into the ‘beat them selves up’ game.

It’s time to tell ourselves, ‘enough already!!’ It is time to break that self defeating heart breaking cycle that keeps us from grabbing the golden ring, that is – in every respect – our birthright. What that means is that learning to practice self appreciation requires that we begin to appreciate ourselves when we are less then satisfied with our accomplishments as well as when we are satisfied. It’s time to get off our own backs!!

But how do you get there?

Most of us are used to making a to-do list so that might be the easiest place to start. How about starting a ‘done’ list? I …

Making Money Online – How to Do It

Many people wish they could learn the secrets of how to make money online. For those that would love to run a successful online business, it would be quite invigorating to realize that there are many successful ways in order to earn profits from such a business venture. Of course, some methods are more preferred than others and that is why it is helpful to stick with those ventures that are considered the most effective of all. Without a doubt, one of the most successful means that one can make money via online means would be affiliate marketing.

When it comes to answering the question of how to make money online, most people will mention that some of the largest money made on the internet is through affiliate marketing. This is not an overstatement or a belief based on mere recent information. The fact remains that affiliate marketing has proven to long since been an effective strategy for earning huge profits. No, not everyone has made millions with such ventures. However, there have been people that have made such profits. Allow those people to be your inspiration!

However, it is certainly advisable to look for a proper guide to setting up such an online business. When you try and muddle your way through the process, you will not find it being successful. That is why it is necessary to look towards blueprints that can help guide your through the process. These blueprint methods can help both the novice and the experienced person equally.

At the core to the success of any affiliate marketing program, there will be a need to promote search engine optimization and website development. Again, this is why it is best not to mudle through such processes on your own. You do not want to make mistakes when you venture into this territory. Rather, you will want to be as efficient and successful as possible. This is why following a proper methodology that has been established to answer how to make money online is advised. It will eliminate inefficiency and help you achieve the desired results. And by 'desired results' we mean earning money. If you are not earning money with your online business, is not much of a business is it? Rather than find yourself in such a position, look towards signing on with an affiliate marketing system or training program that will yield such great success.

But, do not assume that you will be able to make money overnight with any program regardless of how excellent it is. Time and deliberation will always be required when you are working with an online business system. This does not mean success will never be forthcoming. However, you need to be patient with the process in order to arrive at an effective result.

So, if you want to make money online, you will need to look towards the process of affiliate marketing the programs designed to deliver success. This will aid your ability to become independently wealthy at …

The Internet Business Journey

Where to start? Which business to choose? What direction to take? These are all the questions flooding through my mind as I decided to embark on the online business journey. It is not unfamiliar to experience doubts, tension and speculation about the various companies currently marketed online today as many make promises they can not keep.

It is like the ongoing reference of making millions in 24 hours with no effort. Realistically no one can make millions without any effort involved. Many online businesses promise consumers a get rich quick scheme that details the affiliate having to provide little effort and receive large responsibilities. Through experimenting and falling into the trap myself I experienced very little, if any, responsibilities from such companies and lost a large amount of money in the process.

Soon enough I learn that working from home can be accomplished however it involves participating within the right businesses and communicating with the right mentors. Having a sponsor available to help you every step of the way within building your online business is crucial if you want to succeed. A sponsor can not only provide advice on how to market your consumers, however more often than not they have experienced the internet business for longer and have the knowledge to direct you in making the right decisions for the long term. This is important because if you are really interested in working from home you will want to make decisions and investments for the long run in order to experience the financial freedom one dreams about.

Discipline, Attitude and Effort are the three hits that are essential in creating a business that will succeed. You do NOT want to go spending money left, right and center because you believe it will bring you more prospects. You do NOT want to possess a negative attitude and simply believe that working from home is not possible or that you will never achieve financial freedom.

Lastly you do NOT want to start out in this business with the idea that it takes little effort to achieve large results. Yes there will be sponsors, mentors and programs available to help you and reduce some effort within your online business; however it is through your time management, your 100{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} effort and your willingness to succeed that will truly define your career path. If you undertake your business properly consumers will come to you.

You should not have to seek or hunt down consumers or people to invest in your business. “The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself”. (Peter F. Drucker 1909, American Management Consultant). This quote is very important. Read it again and again until you fully realize the significance. For your business to reach its full potential your product or service must meet the consumers needs or desires and accordingly the prospects or leads will come to you.

But in order to start an online business in …

Factors That Determine the Size of Business

At one point we may want to determine the size of business. This helps in knowing whether it’s growing or not. Also you ascertain the size of your business in order to plan its various aspects and requirements such as manpower, raw materials, machinery etc. Once you know the size of your firm, then you’re able to determine if it’s efficiency or not efficiency. A business can be small, medium or large size.

Every business is striving towards attaining the optimum size. What is an optimum size of a business? The optimum size is when the firm has reached its maximum efficiency. At this stage the average cost per unit of the firm is at its lowest. It is at this point that the size of the firm should not be changed i.e. increased or lowered. Usually, any business starts as a small entity and then during its operating period, it expands till it reaches the optimum size.

There are two main things that will make the firm to either attain the optimum size or not to attain it. The two things are:

1.) The kind of decision the management makes.

2.) Competition.

Eight Factors that Determine the Size of Business

There are a number of factors that you can consider in measuring the size of a business. The following are some of the factors:

1.) Total Assets

The total assets of any business determine its size. The value of all assets (current and fixed) are used in measuring the size of a firm. By comparing the total value of assets between two firms that are in the same industry doesn’t always reveal the size.

2.) Power Used

The amount of power used can be used to determine the size of business. Don’t rely on this factor as it is inaccurate because the amount of power used by any business may be more or less due to many factors such as installment of power reduction equipments.

3.) Capital Investment Factor

The amount of capital invested by shareholders in form of share capital, reserves and surpluses (net worth) determines the size of business. You can use the amount of share capital invested to compare two businesses or more that are producing similar or differentiated products.

4.) Volume of the Output

This factor is applied on those firms that are producing homogeneous goods. It shouldn’t be used in case firms are producing variety of products.

5.) Value of Output

This is another factor that determines the size of a firm; however this method is only effective in case where firms are producing variety of products and where price levels remain constant.

6.) Capacity of Plant

It is used by firms that produce similar products.

7.) Number of Employees

The number of employees employed by any business can be used to determine its size. This is done by comparing the wages paid to employees with other businesses. This factor is used where firms produce similar goods. If you use it in comparing firms …

Loans – Look Beyond With Us

In times of crisis and dire need some borrow from their kith and kin while some approach institutions such as banks, loaning companies and individual lenders. They play a very important role in providing the finance.

The most important thing to be considered before approaching any financial institution is a quick check on your eligibility criteria to avail of the loan. A person's credit report reflects his / her capacity of repaying the bank loan. Ample research beforehand ensures uninterrupted course of action. Thus a person going for UK loans or any other loan should apply mind over matter and equip oneself with knowledge of the process.

Broadly speaking one can classify UK fast loans into two-sub categories-secured loans in UK and unsecured loans in UK. Secured loans as the term suggests is obtaining the amount from the bank against a major asset usually your home or some other property. The collateral being large, one should act prudently before securing the same. Defaulting on your payment can cost you your home. However it is easier to obtain than unsecured loan, also the APR (annual percentage rate) of secured loan is usually lower than on unsecured loan. It may be used to finance a wedding, buy a vehicle, a business loan etc.

Unsecured loans also known as personal loans happen to be riskier for the lender than the borrower. Here is the financial structure and credit report of the borrower is scrutinized well before lending. Usually in UK it is granted to people holding first-class credit record. An unsecured loan [http://www.loans-park.co.uk/unsecured-loans.html] could have taken to make your credit card payment or a student loan or it could have been taken to invest in some business. However one of the main advantages is the speed of payout ie, the time between the application of the loan and receipt of the proceeds in your account. This time interval is shorter than that of a secured loan .

However once all of the procedures and intricacies can be solved with just a bit of simple instruction. With all the fine print in hand to read and understand, one is sure to be well informed and on the ball before taking the plunge. One should also visit several banks and lending institutions and not just cling on to one to borrow. There could be dash of difference in interest rates and other policies. A cross comparison across the table could sometimes act in favor of the borrower as the lender might just make some tweaks benefiting the borrower.

So with things like repayment periods to suit from 1- 25 years, quick decisions and prompt payout, efficient and friendly service to the customers and easy online application makes it all borrower friendly process to follow. Thus options galore of various lending institutions with their unrivaled access to different plans and amounts to suit the customer half the borrower's worry. Doing your homework well, cut shorts half the trouble and the rest is taken care by your …

Ethics and Etiquette – Do You Really Know the Difference?

Just as the word ‘ethics’ has a different definition from the word ‘etiquette,’ there is a vast difference between business ethics and business etiquette. There are even instances where you must forgo etiquette in order to remain ethical in business practices.

Business ethics is a code or a set of standards that a business adheres to. This code essentially states what is considered ethical, and what is considered unethical in terms of how the business is conducted in relation to what is best for human beings, the community, the environment, and so on. Business etiquette, on the other hand, is essentially conducting business affairs in a polite manner. It can be compared, in some ways, to dinner table etiquette.

For example, if an employee is rude to a customer, this is not unethical, but it is considered poor etiquette. It may even be against the company’s policy that relates to how employees interact with customers. One can have perfect etiquette and extremely poor ethics.

Another example of this is an attorney who has beautiful manners. In fact, his overall social and business etiquette is so perfect that he fits in well at any function, and performs well in any situation. However, if he is billing his clients for hours that he did not actually work, he is not using ethical business practices.

So, what must you do when you face a choice between etiquette and ethics? Above all else, choose to honor the code of ethics first, but have enough etiquette to try to smooth the situation over at the same time. Unfortunately, this doesn’t always work out, and one must choose ethics and let the etiquette cards fall where they may.

Have you ever seen the movie, ‘Jerry McGuire?’ This is a movie about a sports agent. He realizes, after a few nights of not getting any sleep because his conscience was plaguing him that the sports agent industry, as a whole, was rarely considering what was best for the athletes that they represented beyond the amount of money and benefits that they could negotiate for them, which in turn raised their own profits. He wrote a report about how this should be changed, and put it in the boxes of all of the sports agents at a convention.

In this fictional characters situation, ethics met etiquette in a head on collision. What he did was ethical, but not without etiquette. However, it did cost him his job, and there wasn’t much etiquette – or ethics – involved in that, mostly on the part of the company that he represented.

Again, there will come a time in your business transactions where you must choose between ethics and etiquette. Remember, however that in most cases, an unethical business decision will have a profound effect for a long time to come, while acting in a manner that is not dictated by good etiquette will usually only result in a few people talking about your poor manners for a short time. When …

DCF Analysis: Forecasting Cash Flows

In order to get started with a discounted cash flow analysis, we forecast a company’s free cash flows and then discount them to the present value using the company’s weighted-average cost of capital (WACC).

Forecasting free cash flows, however, can be quite complicated – it is truly an art. There are many things that can impact cash flows and as many as possible should be taken into account when making a forecast:

What is the outlook for the company and its industry?

What is the outlook for the economy as a whole?

Is there any factors that make the company more or less competitive within its industry?

The answers to these questions will help you to adjust revenue growth rates and EBIT margins for the company. Let’s assume a hypothetical example in which we have a normal economic outlook for the future, a positive outlook for the industry and an average outlook for our company.

Given these assumptions, we can simply look at our company’s historical performance and continue this performance out into the future. Looking at our hypothetical company’s revenues for the past three years, we can calculate the compound annual growth rate (CAGR) and use it to forecast revenue for the next five years. The formula for calculating CAGR is:

(Year 3 Revenue/Year 1 Revenue)^(1/2 Years of Growth)-1

Next, let’s calculate the company’s EBIT margin so that we can forecast earnings before interest and taxes. The formula for EBIT margin is simply EBIT over Revenues. To forecast EBIT we simply multiply our forecasted revenues by our EBIT margin.

The Taxman Cometh

To get to free cash flows, we now need to forecast taxes and make certain assumptions about the company’s needs for working capital and capital expenditures. We calculate our company’s tax rate by dividing the company’s historical tax expenses by its historical earnings before taxes (EBIT less interest expense). We can then forecast tax expenses by multiplying the tax rate by our forecasted EBIT for each year.

Once we have after-tax income forecasted (EBIT – taxes), we need to add back depreciation and amortization, subtract capital expenditures and subtract working capital investments. We can forecast depreciation and amortization expenses by calculated their percentage of historical revenues and multiplying that percentage by forecasted revenues.

Capital expenditures are made to upgrade depreciating equipment and invest in new assets and equipment for growth. Although capital expenditure is typically higher than depreciation and amortization for growing companies, we will make the simple assumption that capital expenditure is equal to depreciation and amortization in order to forecast capital expenditures in the future.

Finally, we need to forecast working capital investments. In order to grow the business, we would need a growing amount of working capital on the balance sheet in order to achieve higher revenues. This addition of capital to the balance sheet would result in a negative cash flow. For our model we will assume that working capital needs to grow by 1{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of revenue, therefore our working capital investment forecast …

How Many Business Cards Should You Order?

In the modern world of business and networking there is so much conflicting advice about the giving out of business cards. Some say give them out to everyone you meet, whether they are the pizza delivery guy or the CEO of an international company. Others say to give them out more strategically, only to qualified leads or potential customers that you’ve already chatted to and connected with. When it comes to ordering new business cards, the number you need obviously depends on which of these strategies you follow. Some people will get through 1000 cards in a few months, others will make 500 cards last two years.

Here are some additional factors to consider when deciding how many business cards to order.

Do you like to update your branding often?

Often those in the creative and design fields like to create new twists and fresh visuals for their brand and their business cards. They get bored of giving out the same old card after six months or so. In this case guesstimate how many cards you will give out in that time period and order just that amount.

Are you likely to move in the next year or so?

A move may result in a new landline number even if you don’t print your physical address on your cards. There is nothing more unprofessional than crossed out numbers on otherwise beautifully printed business cards, so order a smaller run of perhaps 500 cards to last you until your move.

Are you expecting to attain new qualifications or accreditations in the next year?

If you are likely to want to add those accreditations to your card, then it will make sense only to order enough cards to last until that point.

Do you attend lots of networking events?

If you routinely give out lots of business cards at networking events, then you will get through 500 cards in no time. In this case a larger order of 1000 or more cards makes sense, so that you don’t have to keep re-ordering more.

Do you mostly work online?

If you mostly work and network online and give out only a few cards every now and then, even a small order of 500 cards might last you for years. In that case work smart with the contact info that you provide, so that it is less likely to go out of date. Leave off your physical address and landline and just give out email and web addresses and perhaps your business cellphone number. As long as your website is kept up to date with your contact info then your card will also remain current. Or find a printer who is happy to print short runs of cards and just order 200 at a time.

As a general rule order enough cards to last you six months, or perhaps a year if you prefer not to keep tweaking your design.…

Web Design – 3 Reasons You Should Hire a Designer

Many online businesses start with little or no start-up capital. For this reason, many business owners opt to do all of the work themselves, including the creation of a product or service, creating a marketing plan, and the design and implementation of their company website. As the company business begins to grow, often time, the self developed website solution becomes too small to handle the expanding needs of the company. This can cause the business to halt all growth and sales several days to redesign the company website for increased growth.

If this sounds familiar to you, you may have started your company with very little start-up capital, and you may be hesitant to give your hard earned money to others for something you think can be done yourself! However, there are three reasons you should hire a web designer to save you not only time and money, but also heartache and frustration.

1. Saves Time to Run Your Business: By letting a web designer do a specific assigned job for you, you are not simply handing over the “dirty work” to the web designer. Actually, by paying the designer, you will eliminate all of the worry and frequent annoyances that often appear when trying to design your own website. This will allow you more time to focus on your business and the day to day operations of your company.

2. Quick Fix Problems: By hiring a designer, you are hiring professionals that are skilled at what they do. When you outsource your web design jobs, you will not have to be concerned with the issues that may arise, you can simply contact the designer to fix the problem. The designer will be able to quickly assess the problem and provide a quicker solution than you will probably be able to assess.

3. Professionalism: Surely, the designer you hire has been doing their job for a longer length of time than you. By hiring a web designer, you will have a more professional and polished finished product. Web designers do their jobs for a living, so they have to be superior at what they do!

Hiring a designer can be one the smartest business decisions you will ever make. Don’t trust just anyone to make your vision a reality. Hire a web designer that cares and one that can help your company have the professional image it deserves.…