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

Lease a Vehicle Without Using Personal Credit

By now all of us of heard about the challenges that many face with credit today. Not only has increasing job losses created a scenario where people can’t make their payments on time, but credit has become more more difficult to get, it least in most financial channels.

I strongly recommend seeking corporate credit, and learning everything that is available to someone who takes the time to build business credit. Business credit is a great solution to obtaining vehicle leases, credit cards, and bank lines of credit for those who have personal credit problems.

In the past credit for business was primarily reserved for those who could afford spending thousands of dollars too corporate credit services and business credit companies to build their business credit score on a new business entity. Today, technology combined lists a robust team of experts anyone who is seeking the ability to build business credit on a new or existing business editing such as a limited liability company or corporation can achieve this for under $300.

This has opened the door for many people who are considering to start a secondary stream of income or even a part time business. You can now simply form and LLC or corporation yourself and quickly in a matter of weeks and months build substantial amounts of corporate credit including leasing a new vehicle that requires nothing more then a good Paydex score.

The purpose of business credit is too obtain Financial Resources for a business with out risking your personal score and personal assets. Business credit does not require a personal guarantee. It does not require an existing or operating business. A good corporate credit system will step-by-step walk you through the process is any help you apply to the right lenders that will get you approved.

It’s important to note that many business lenders do not report to the three major reporting bureaus, Dun &Bradstreet, Experian business, and Equifax business. Only 10{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of the corporate credit lenders report to these bureaus. So when the initial stages of establishing corporate score it’s important to know which lenders will give you a positive credit rating. This is how you bill a strong Paydex credit score for your business.

So if you’re faced of not knowing how long it’ll take to repair personal credit, I strongly urge you to take advantage of the way business credit is being built today. It’s much easier to build business Paydex from the beginning with a new business entity then waiting for personal credit repair. You will have much more credit available to you using business credit then you will have available under personal credit. And all this can be done in a matter of weeks or months. Obtaining $100,000 in various lines of business credit is a common scenario for many who use the right business credit system.

Do not spend thousands of dollars, with companies who want their money up front. The best corporate credit companies get paid when they get your …

4 Factual Determinants of Insurance Premiums

Without any shadow of doubt, insurance is an important mechanism that succors the individuals, states and the nation at large. You ought to or might have been maintaining one or more policies because of the peace of mind, confidence and security against financial losses that insurance proffered. Then, let me ask this question. Have you ever taken the pain of knowing the nitty-gritty of the premium you paid to the Underwriters annually, whether it’s reasonable or otherwise? The purpose of this article is to bring you to the limelight and be acquitted with the composition of the premium you paid.

Risk premium: Anyway, insurance is all about risk and in order to rate a risk appropriately the underwriter must know the degree of exposure of that property to a particular risk. So that portion of the premium that is allocated to the risk element of the cover is refers to as risk premium which accounted for about 50{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of the total premium.

Expense loading: Based on the literary meaning of expenses. This is the apportionment that covers the expenses of the insurance companies like overhead, lighting and heating, rents, staff salaries etc. Conservatively, this will accounted for about 25{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of the premium paid to the insurers.

Profit loading: Insurance like any other business operates on the principle of profit centre. To this end, they are in business to make an increasing profit on annual basis. Borne on this fact, the underwriter put this into consideration in charging their premium. The profit element is about 15{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of the premium chargeable.

Contingency loading: As you are fully aware that the financial market is dizzy and highly volatile. And to make the situation worst, here come the issue of global economic meltdown that ravaged the whole world. Guess what, insurers behave like a seer (prophet) that is they subjected their businesses to reasonable foreseeability. That part of the premium that is used to cushion the effect of bad wealth or unfavourable business year(s) is referred to as contingency loading.

Here you are, ‘am sure you are no more a novice on factors that constitute the determination of office premium. Have a good day and see you again, your insurance intelligence is my concern.…

Return-On-Asset Ratio, Effects on the Loan Portfolio and the Investment Portfolio, and the FDIC

Low Return-on-Asset Ratio

It is always important for management to monitor all of the company’s finance, including income as well as expenses on a regular and frequent basis to make decisions on where to invest the company’s funds.

A low return on assets ratio indicates that unsuccessful or insufficient management of interest rate margin, noninterest income and expenses, and loan loss reserves is present. Banks have been focusing to receive a high portion of net income from noninterest income by providing other services, such as insurance or brokerage. Fees are another source of noninterest income for banks. When noninterest expenses (such as overhead or advertising expenses) exceed noninterest income however, then the return on assets declines.

A low return on asset can also be caused by high loan losses. This usually happens when banks offer loans to people who default on their payments, especially in times when economic conditions are less favorable. The net interest margin of a bank is impacted by many different factors including, but not limited to: interest income, non-interest income and expenses, loan loss reserves. Poor management regarding any or all of these factors result in a low net interest margin and low (if any) net income.

The relationship between the ROA and ROE

Return on assets and return on equity are both measures of a bank’s performance. As mentioned above, the return of assets for a bank is impacted by factors of interest income, non-interest income and expenses, loan loss reserves. Poor management regarding any or all of these factors result in a low net interest margin and low (if any) net income. The difference between the ROA and ROE of a bank is that return on equity depends on the return on assets and in addition depends on the financial leverage of a bank (which is multiplied by the bank’s return on assets to equal the return on equity). There is not a direct relationship between the ROA and ROE. While the ROA high, the ROE may be a lot lower and still decreasing.

Effect on the credit decision in the loan portfolio and the investment portfolio

Credit decisions in the investment portfolio from the stand point of an investor should be based on a bank’s return on assets to measure its performance, and also on its return on equity, which is closely related to the bank’s financial leverage. The lower a bank’s financial leverage, the higher the amount of money the bank simply holds in reserves and does not loan out to people or invest. As an investor, it is important to know that a bank holds enough money in reserves to pay out interest to its investors. The lower a bank’s return on assets the more risky it is to invest in any securities issued by that bank.

Credit decisions in the loan portfolio from the stand point of the bank should not be too conservative, meaning that the bank will only give out loans to people with a low risk of …

Knowledge Is the Key to Success

Successful people know how to get things done. They rely on their knowledge received through experience and education. The most successful have extended their horizons by expanding their education even after they are working for a living. They were studious when they were young, reading everything they saw, and they continue to educate themselves as they grow older. The education that gives them knowledge is the key to success.

I know a number of young millionaires that did not inherit their money. In fact they became rich because they did not have enough money to achieve their goals. Three of them were having a difficult time paying for a college education. While in college they learned to earn money on the Internet. None so far have gone on to obtain an advanced degree, at least not during working hours. They are running their businesses, making more money. One earned over $500,000.00 while in college.

The thing I see about these fellows is that they never stop learning and they never stop sharing their knowledge with others. They do take time off their work but even then they are working at least mentally. They are like that little rabbit that goes, goes, goes.

Somebody said, “It is not what you know but who you know.” This is important because people we know give us knowledge that we need to succeed. My rich friends associate with very successful people. They form a vast pool of knowledge that leaves the rest of us in the dust financially.

It could be, “It is not what you know but who your parents are.”

Rich parents have rich kids. Poor kids have nothing material to speak of. Rich kids are usually well-educated, grounded in the family business, and are often very boring because of their structured lives. Poor kids are always striving. If they strive first for education, they will achieve some of what they need to succeed in life.

I had an older friend when I was little who had a mind for business. Where he got this I do not know for sure but I suspect his father who was in business for himself. His two brothers were the same way. Such aptitude was rare in our neighborhood.

I would walk the highway with my friend, Paul, and we would pick up bottles tossed from cars. With a sack of bottle we would return to the neighborhood grocery and sell them for the deposit. But we were not finished. We went to the junk yard and bought bottles from the dirty old lady that the neighborhood kids knew was really a witch. We haggled and bought and took our loaded wagon, gingerly going over the railroad tracks by the hobo jungle as to not tip our precious load. We then sold the bottles to the grocer for a profit of one cent on each bottle. We repeated the junk yard trips until the grocer said, “No More Bottles!”

To celebrate our success we bought …

The Importance Of Adequate Insurance Cover To Small Businesses

One of the largest risks facing small business owners is a failure to ensure an adequate level of insurance cover for their company – this is particularly true of small businesses who may not quite have the resources to cope with the large financial losses which may be suffered as a result of ‘underinsurance’.

A UK study recently estimated that around 80{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of businesses may actually be underinsured, and this figure is only likely to rise given the unprecedented volume of new businesses which are forming by the day in the UK.

As commercial insurance can be a somewhat dry and complicated topic, it is often overlooked by business owners eager to focus their efforts on lead generation, sales, customer service and production.

This is an understandable, yet extremely dangerous view to take, particularly in the modern era.

Unfortunately, claiming that you were ‘unaware’ that you lacked the correct insurance cover will rarely stand up in a court of law, and you must therefore take the time to ensure you are knowledgeable of exactly what is included in your business insurance policy, and what has been omitted.

This needs to be undertaken on a regular basis.

Never take the risk of waiting for a major financial loss before inspecting your insurance cover – instead, analyze your business insurance carefully, and determine whether you currently hold the correct level of coverage, in relation to the risks that are present in your individual business or industry.

Underinsurance is quite a basic concept – it simply means that your insurance schedule is valued lower than the sum of your company’s total assets, and you risk receiving less money in compensation than you require to restore your business to any pre-loss standing it may have held.

The primary reason for inadequate coverage among business owners is complacency – the feeling that ‘it will never happen to me’. However, this is demonstrably untrue, and this school of thought has led to many closed businesses, and a vast amount of unemployed entrepreneurs.

As well as ensuring an adequate level of coverage, it is also important that you update your business insurance accurately, on a yearly basis at the minimum.

The assets of a business can increase or decrease in value on a regular basis, particularly during uncertain economic times, and it is vital that your insurance schedule reflects the health of your business as it currently stands, and not as it stood twelve months ago or longer.

Take the time to undertake a full evaluation of your assets on a yearly basis before renewing your business easily avoided.

Businesses can be inadequately covered for many reasons, but it is important that you immediately examine your current level of coverage, understand the risks involved by remaining underinsured, and make the necessary changes to your business insurance, to ensure you minimize the risks involved with potential underinsurance.

It is often common for businesses to be inadequately covered on any commercial insurance policy, but UK insurers claim that the …

The Importance Of Patience In A Business

Patience is a virtue that has long been preached in many circles. It is important in many aspects of life. This is especially true when it comes to success in a small business. Owning a small business is not for the impatient person. Success in a small business requires a commitment to be in it for the long run. This article will discuss two key reasons why patience is important in a small business and why it would do a business owner good to learn to wait things out.

#1: Small Business Results Are Often Seen Over The Long Term

It’s always important to be realistic in your expectations as far as results are concerned. Remember that your business will always have competitors and often times these competitors have an edge over you in terms of experience and maybe a superior product. This does not mean that you cannot see results, but it does mean you will to work harder to achieve results.

However, your patience will always pay off in the long term. It’s always important to step back and think about where you started and how you have made progress since then. For example, if you run an online business, your website may not get a lot of views or backlinks when you first launch it. You need to network and write articles in order for your website to see views. As you network and write articles each month, you will start to notice that your website is getting more views each month and that more people who are viewing your articles are actually clicking to see your website. But what you must understand is that this is a process that takes months or even years, not days or weeks.

#2: Patience Is Important In Other Aspects Of Business

Patience is important not only in achieving results, but also in dealing with other matters in business such as adverse situations. Often times, the best way to handle an adverse situation is to step back and evaluate your various options and decide which is the best course of action as opposed to panicking. For example, if a customer complains, instead of getting upset or making a snap decision, it’s best to have a detailed discussion with the customer about the problem and assess what solutions are available to the customer as well as how to properly compensate the customer for their troubles.…

Formulating Business Ideas

It can be very annoying to see a newly implemented business idea that has been applied by an entrepreneur in the market and start asking yourself why you didn’t come up with that idea first. This can be especially so if you are not creative enough when it comes to formulating business ideas. Listed below are some helpful tips that can help you turn on that creativity faucet that you need in order to come up with ideas for your next business venture:

1. Always expect ideas to come. Although this may sound a little funny, but in reality, ideas will come much easier if you are already entertaining their arrival beforehand. The thoughts that you form frequently in your mind and the passion included in thinking something up will help greatly. If you are being a pessimist about creative thinking, then you are killing the incoming ideas instead of encouraging their arrival. Be optimistic when it comes to idea formulation and expect ideas to come.

2. Open-mindedness. Being an open-minded person means that you should not reject unique ways in achieving inspiration for your ideas. Do not rule out anything right away but welcome their arrival as these ideas can come from anywhere. You do not require having in-depth information in every subject you are going to tackle but you just need the right knowledge in order to create a business idea. This is because you can always bring in people that have the right knowledge for things that you are not familiar with.

3. Start writing your ideas. You should write down your ideas in paper because it may not make sense now, but later on it may be your inspiration for your next business venture. When formulating business ideas, this is a great way to generate entrepreneurial ideas that you can use for your business. It is always a wise choice to write down your ideas right away as there is a high tendency that you are going to forget them in the long run.

4. Verbalize your thoughts. There are some people that are great in returning verbal advices that you can turn into that magical idea you need to boost your business. Talking is always helpful when you want to magnify your thoughts in your mind. Make sure that you are voicing out to someone that you trust as you do not want to share your plans to your rivals that might develop and steal your ideas.

5. Keep learning. On a daily basis, keep your thoughts functioning by learning new things as you progress in your business. This can be very easy especially with the Internet wherein a large database of information is present to be exploited by almost anyone. It is also a good choice to talk to other people that are experts in the business industry in order to learn techniques that they have used in being successful.

If you want to know the ways on how you can start formulating business …

Saving Money In the United States

Saving money is what every citizen in America claims to strive for. Our society, in this time of day is beyond bankruptcy. We have dug ourselves in a hole so deep that the walls would be difficult to find just to try and climb out of. Our deficit is so large that we owe China twice as much as our worth. Business owners are struggling to keep their doors open while large corporations keep prospering taking all the money from people and keeping it to themselves. Most corporate employees get paid minimum wage or just a bit more. So where is all this money disappearing to? Into the fat wallets of corporate owners and into accounts overseas. Instead of recognizing this, our friends, families and co-workers continue to use services of big corporations allowing them to profit. People do not comprehend that if they were to buy their clothes from local stores and shops they would bring revenue into family operated businesses which would allow those families to spend money on other local businesses. This was the trading mechanism society used hundreds of years ago to keep up with bills and survive. This would ultimately be a win for everyone since it would only be money transferring back and forth between ourselves as opposed to the big corporations that move their revenue elsewhere.

Another important method we need to bring to the table is overspending. The average American family acquires about $117,951 of debt which adds up to $2 trillion dollars statewide. It is extremely unusual that Americans are in debt than England earns a year. Why is this we ask ourselves? Is it because our mentality is to want everything that our neighbors have and more? Is it because we are selfish and greedy and will acquire any credit just to live a certain type of lifestyle that we cannot afford? Sadly, this is the honest truth and what lead us to spiral out of control as a country. Our government, along with ourselves, have failed to live within our means.

Here is another myth we live by: “if you pay your credit-card balance off every month, you get “free use” of their money. FALSE. The fact is, 78 percent of credit-card holders do NOT pay off their credit cards every month. Credit-card users spend 12 to 18 percent more when using credit instead of cash. It hurts to spend cash, so you spend less.”

We really need to reevaluate our spending habits and where exactly we spend them. Use a family owned coffee shop instead of the local Starbucks. Shop at the small local shops for attire as, opposed to shopping at the mall. Purchase your car insurance at a family owned agency, instead of getting ripped off by money hungry insurance companies. Most of all stop using your credit cards so much and live more conservatively. Our children are our future and we want to raise them with the correct ethics and morals.…

Procurement Skills – The 6 Key Financial Skills All Buyers Should Have

The term “financial skills” covers a range of activities that a professional buyer or procurement executive needs to have if they are to deliver value for money and manage commercial risk for their organisation. However, these skills are not always covered by conventional training which means that a buyer could be creating needless exposure both for themselves and their career as well as their organisation.

There are six financial skills that everyone who works in procurement should acquire.

1. Financial analysis – this covers the use of financial ratios that enable you to identify suppliers who are under performing compared to their competitors or who might be financially vulnerable and so create a supply risk for you. Ratios compare one financial value with another in order to give you an insight into the way that supplier is run. For example, liquidity ratios look at the ability of a supplier to meet its short-term financial obligations by dividing the value of current assets (such as cash and inventory) with the value of current liabilities (such as creditors). Other ratios tell you how efficient the supplier is in turning sales into profit, generating sales from the use of assets and its ability to grow.

2. Activity based costing – this is a method that takes all of the costs of an organisation and assigns them to the products or services that the supplier sells. The big difference between this approach and more conventional costing methods is that it first allocates costs to the activities that create those costs and then to products or services in direct proportion to the amount of those activities that they use in their production or service fulfillment. What this means is that you get a clearer picture of the true costs of making a product or delivering a service than you get from conventional means. The importance of this for the buyer is that they get an understanding of what drives costs and so what actions suppliers can take to reduce them which in turn lets them reduce the price to the buyer and still make an acceptable profit.

3. Understanding profit and loss accounts and balance sheets – the profit and loss account shows a buyer a summary of all the transactions a supplier has made in a period of time (such as a year) with the resulting profit they make and the balance sheet is a snapshot of the financial position of the supplier at that point in time. Accounting policies that the supplier adopts can make a big difference to the declared profit; for example, a supplier can choose how much to charge each year to the profit and loss account for an asset it has bought and this can have a major impact on the profit in any one year. Knowing what accounting policies a supplier uses can help a buyer to understand their accounts and so make sure that the financial ratios that are used to get an insight paint an accurate …

How Formal Is Too Formal for Business Emails?

In a generation where everything is fast and we can all connect with the click of a mouse or a tap on a screen, it is easy to skip a face to face conversation and opt to send our messages digitally, however one disadvantage of this is that when someone else receives our messages, they do not know our thought process at the time we are writing and cannot see our facial expression to get a sense of our mood. In spite of this, it is possible to enjoy the convenience email offers without making common faux pau.

Most business owners or employees spend about 30{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of their work time sending out or receiving emails. Despite how popular the use of emails are in business, some people still don’t use emails properly. This is not surprise because you can hardly get a set of instructions or guidelines on how to use emails for work, so in most case we rely on our own discretion. Some common email mistakes and how to avoid them are:

1. Not offering a greeting. It is not a coincidence that we always answer the phone with a “Hello” or “Hi” or some form of official greeting when answering a business call. In the same vein, when sending emails, we should start with a standard greeting, a simple “Hello”, “Hi”, “Good Day”, “Dear [Name] would suffice. Also when closing, before you sign your name, be sure to include “Cheers” or “Regards”. This adds some warmth to the email. The kind of greeting you use should be determined on who the recipient of the email is, for example, you would use a more formal tone when sending an email to your boss and less formal to your colleague. When in doubt, you can match the same tone as the recipient, when sending a reply or from a previous correspondence with them.

2. Watch your use of language. English is the most widely used language in the world today, and in most workplaces. For some users it is not their first language, and even people who speak the language fluently, do make some common mistakes like, not using punctuation properly. Using the exclamation mark (!) more often than necessary, forgetting to use question mark (?) when prompting the user for a respond to a question, or sending an email in all UPPER CASE, which screams “Hey look at me”. Avoiding some of these common mistake would improve the rate at which your emails are received.

3. Matching the customer’s tone when replying. Picture this for a minute, you get this awesome new tablet, to help you run your business on the go. The tablet is really awesome and does all that you need and more, you are so impressed that you email the company, letting them know how their product has made your life a whole lot better, and you would be willing to write a review for the product. Their reply to you goes from the company …