Structured settlement cash

A structured settlement is a negotiated financial or insurance arrangement through which a claimant agrees to resolve a personal injury tort claim by receiving part or all of a settlement in the form of periodic payments on an agreed schedule, rather than as a lump sum. As part of the negotiations, a structured settlement may be offered by the defendant or requested by the plaintiff. Ultimately both parties must agree on the terms of settlement. A settlement may allow the parties to a lawsuit to reduce legal and other costs by avoiding trial. Structured settlements have become part of the statutory tort law of severl common law countries including Australia, Canada,England and the United States .

Structured settlements were first utilized inCanada as part of the settlement of claims made on behalf of children affected byThalidomide. Structured settlements are now often used in product liability and pharmaceutical injury cases (such as litigation involving birth defects fromThalidomide).

Structured settlements may include income tax and spendthrift provisions. Often the periodic payments will be funded through the purchase of one or more annuities, that generate the future payments. Structured settlement payments are sometimes called periodical payments, and when incorporated into a trial judgment may be called a "structured judgment".

IN THE UNITED STATES 

Structured settlements became more popular in the United States during the 1970s as an alternative to lump sum settlements. The increased popularity was due to several rulings by the U.S. Internal Revenue Service(IRS), an increase in personal injury awards, and higher interest rates. The IRS rulings stated that if certain requirements were met, claimants would owe no Federal income tax on the amounts received. Higher interest rates result in lower present values, hence lower cost of funding of future periodic payments.

In the United States, structured settlement laws and regulations have been enacted at both the federal and state levels. Federal structured settlement laws include various provisions of the Internal Revenue Code. State structured settlement laws include structured settlement protection statutes and periodic payment of judgment statutes. Forty-seven of the states have structured settlement protection acts created using a model promulgated by the National Conference of Insurance Legislators ("NCOIL"). Of the 47 states, 37 are based in whole or in part on the NCOIL model act.Medicaid and Medicare laws and regulations affect structured settlements. A structured settlement may be used in conjunction with settlement planning tools that help preserve a claimant's Medicare benefits. A Structured Medicare Set Aside Arrangement (MSA) will generally cost less than a non-structured MSA because of amortization of the future cash flow over the claimant's life expectancy, as opposed to funding all the payments otherwise due in the future in a single, non-discounted sum today.

Structured settlements have been endorsed by many of the nation's largest disability rights organizations, including the American Association of People with Disabilities.^[7] and for a time there was a Congressional Structured Settlement Caucus.^[8

The Catalina Difference

Unrivaled Experience.
Selling a Structured Settlement or Annuity? The catalonia structured  has unrivaled experience helping people get cash for future annuity payments. You can contact them through their site  for a no obligation free quote- let us show you the difference our experts can make when cashing out structured settlement payment or annuity payments.

Best Money.
If want to sell a structured settlement or annuity, call to us for a free, no obligation quote. This is the only call you need to make when selling a structured settlement or annuity.

Fastest Service.
Looking for Cash for annuity or structured settlement payments? We can get you money fast for your annuity or structured settlement. Sometimes in as little as 48 hours. Our experience in helping people get cash for structured settlement or annuity, allows us to guarantee funding by a certain date.

Superior Customer Service.
When selling annuity or structured settlement, you deserve to work with the top structured settlement buyer. Our commitment to the best customer service is unwavering. Whether its our cash advances on structured settlement or annuity, or written disclosure statements with any quote, or fastest funding guarantee, we are the only call you need to make.

Reference :

Catalina structured funding

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Bitcoin tops $18,000 in debut on major bourse

Bitcoin surged past $18,000 after making its debut on a major global exchange but was trading lower on Monday, highlighting the volatility of the controversial digital currency that has some investors excited but others nervous.

Trading on a futures contract began at 6:00 pm (2300 GMT) on the Chicago board options exchange (Cboe) at a price of $15,000.

Heavy traffic made the Cboe website inaccessible in the first 20 minutes, but it said that “trading runs on very separate systems and was totally unaffected by the website issues.”

Around 1000 GMT on Monday, bitcoin was trading at $17,600 per unit for the futures contract expiring on January 17 after reaching a high of $18,850, according to Cboe’s website, meaning it exceeded the highest value reached on alternative non-regulated internet platforms.

Futures expiring on February 14 and March 14 were higher, trading at $19,140 and $19,100 respectively at the same time on Monday.

A futures contract is a financial product that allows investors to bet on whether the currency’s price will rise or fall.

Bob Fitzsimmons, a futures manager at Wedbush Securities, described the opening as “quiet and steady,” as Cboe data showed around a thousand trades were made in the first two hours.

The Cboe debut is expected to be followed a week later by a rival listing on Chicago Mercantile Exchange.

It marks the first opportunity for professional traders to invest in bitcoin on a traditional platform, even as some steer away because of a lack of regulations surrounding the currency.

“It gives it legitimacy. It recognizes that it’s an asset you can trade,” said Nick Colas, of Data Trek research.

Among those cheering the launch are the Winklevoss twins, who have been called the first bitcoin billionaires. Critics include financial commentator Jim Cramer, who warns that prices could tumble once the new trading venues open the door to “short sellers,” who bet on downward moves in assets.

The two launches were made possible after a key US regulator, the Commodities and Futures Trading Commission (CFTC), gave the green light to the exchanges on December 1, while warning “of the potentially high level of volatility and risk in trading these contracts.”

Anticipation of the first mainstream listings for the digital currency has been a catalyst for a sharp price increase in recent weeks. Bitcoin opened 2017 at around $1,000, surged past $10,000 for the first time last month and soared as high as $16,777 on Thursday before retreating somewhat.

– Going mainstream –
The actual opening of the Cboe market, an electronic trading venue, was a low-key affair, lacking the pomp of an initial public offering, which is often marked by the new entrant ringing the bell of the New York Stock Exchange.

The embrace by mainstream exchanges of bitcoin futures marks a sea change from the days when the digital currency was associated with drug dealing and other illicit activities.

The Cboe said it has taken precautions to address wild fluctuations: trading will be suspended for two minutes if bitcoin prices go up or down 10 percent, for instance.

“We are committed to continue to work closely with the CFTC to monitor trading and foster the growth of a transparent, liquid and fair bitcoin futures market,” the Cboe said.

Still, plenty of key figures in and around markets are taking a cautious approach to bitcoin, which has no central bank backing it, and no legal exchange rate.

The Futures Industry Association, which includes some of the world’s biggest derivatives brokerages, criticized the CFTC’s move in a letter to the regulator, saying contracts are being rushed through without properly weighing the risks.

“A more thorough and considered process would have allowed for a robust public discussion among clearing member firms, exchanges and clearing houses,” the association said.

Several leading financial heavyweights are still studying bitcoin and not serving as financial intermediaries. This group includes JPMorgan Chase, Bank of America Merrill Lynch, Citigroup, Barclays, Morgan Stanley and Societe Generale, said people close to the matter.

Of the larger banks, only Goldman Sachs and ABN Amro are serving as intermediaries for the trades. That means most of the terrain will be dominated by smaller entities that are typically requiring larger than usual margin requirements — funds set aside as collateral in case of losses.

The Cboe, for its part, sought to reassure investors.

“We are committed to continue to work closely with the CFTC to monitor trading and foster the growth of a transparent, liquid and fair bitcoin futures market,” it said in a statement.

Wedbush Securities has lifted its margin requirements and is only permitting trades from clients on a “selected” basis, said Fitzsimmons.

“We are commissioning only the select clients who have experience in bitcoins,” he said.

“Our risk systems are ready and we have made sure we have our customers and firm protected
by increased margins and increased scrutiny.”
Source :thegurdian

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How to stay out of debt forever by Warren buffet

Do you want to know how to stay out of debt? In this video, Warren Buffett gives you timeless tips on how you can stay out of debt.

Click to watch the video :Warren Buffett - How to Stay Out of Debt Forever

Who is Warren Buffett?

Warren Edward Buffett (born August 30, 1930) is an American investor, business magnate, and philanthropist. He is considered by some to be one of the most successful investors in the world, and as of December  2017 is the second wealthiest person in the United States with a total net worth of $82.7billion.

Born in Omaha, Buffet developed an interest in investing in his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring and graduating from University of Nebraska–Lincoln. After graduating at 19, Buffet enrolled at Columbia Business School of Columbia University, learning and eventually creating his investment philosophy around a concept pioneered by Benjamin Graham–value investing. He attended New York Institute of Finance to specialize his economics background and soon after began various business partnerships, including one with Graham. After meeting Charlie Munger, Buffet created the Buffett Partnership. His firm would eventually acquire a textile manufacturing firm called Berkshire Hathaway and assume its name to create a diversified holding company.

Buffet has been the chairman and largest shareholder of Berkshire Hathaway since 1970, and his business exploits have had him referred to as the “Wizard”, “Oracle” or “Sage” of Omaha by global media outlets. He is noted for his adherence to value investing and for his personal frugality despite his immense wealth.

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Commercial Mortgage Loans – The Loan Application Package (Conventional Loans)

Business mortgage loans are very distinctive than residential mortgages. Residential loans are underwritten mostly on the financial electricity of the borrower. Commercial loan loans, on-the-different-hand, are based totally mostly on the monetary power of building it’s being financed; the borrower is of secondary significance.

A industrial mortgage mortgage software package deal specializes in determining whether-or-not a chunk of property pays its personal loan each month.

A written application – the commercial enterprise does now not have standardized utility paperwork like the residential aspect of the business does. Commercial lending is much less regulated and lenders are unfastened to expand their very own application manner. Many industrial mortgage creditors use the 1003 residential software form in region of a industrial utility, others have evolved their personal forms. In-any-case debtors will be asked to complete and signal some form of written software. The application serves to pick out and describe the goal belongings and display the borrowers financial wherewithal. It additionally legally commits the borrower to telling the reality during the underwriting system.

Earnings statements – creditors will ask to see 3 years of a buildings net-operating-income statements, or noi. Those monetary statements show revenue, charges and earnings numbers for a particular constructing. They’ll be used to decide how a whole lot cash can be utilized by a borrower to make mortgage bills as-well-as repair the general fee of the property.

Hire roll & leases – a licensed rent-roll and copies of all rentals might be used to verify the income that a building produces and decide the exceptional of that income. Rentals are most desirable to month-to-month condominium agreements. Tenants may be requested to sign estoppels attesting to the validity of the rentals.

Business and private tax forms – lower back tax paperwork for each the business entity that holds name to the in constructing and the borrower will be scrutinized by using a ability lender; they’ll commonly ask for three years worth. They will search for hidden expenses that might jeopardize the deal and could use the tax bureaucracy to verify the validity of the statistics a borrower has submitted.

Non-public economic statements – borrowers could be asked to submit certified private monetary statements to consist of statements of real property owned. Creditors need to be comfortable that their clients have a enough internet-really worth which will guide a mortgage and ownership of the constructing.

1/3 birthday celebration reports – creditors will order positive third birthday party reports in conjunction with the software and underwriting procedure. The maximum prominent and vital of these are an appraisal and an environmental evaluation. At the lenders discretion they could order other reviews such-as feasibility reviews and assets condition exams. Alas, debtors may be pressured to pay for these reports. Depending on the size and scope of the work achieved, 1/3 celebration reports should price extra than $10,000.00.

A survey – a current, certified land survey or plat plan might be used to affirm the legal obstacles of the real estate being funded and will file exactly what land and homes will be included in mortgage covenants.

The economic loan software method may also appear formidable to the ones now not familiar with it, but, in fact it within reason immediately-ahead. Borrowers who apprehend what creditors want to peer and offer them with the data they request will locate the technique much less intimidating and will have a higher enjoy obtaining a industrial loan loan.

Masterplan capital llc – commercial mortgage loans – private (hard money) as-properly-as institutionally funded (traditional)- equity financing – asset control – easy, 1 web page industrial loan utility – short answers – private loans can close in 10 days – the writer, glenn fydenkevez is president of masterplan capital, he has more than twenty years revel in within the economic enterprise and has been a officer at one of the global’s biggest investment banks. He uses his monetary assets, banking contacts and huge industry expertise to finance business actual property deals quick and efficaciously.

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DONATE CAR IN SAN JOSE 

Car Donation Service in San Jose, CA

Donate a car or other vehicle in San Jose, CA, the city that's known for being a booming location for the technology industry, to the charity of your choice and receive a tax receipt for your contribution. In addition to car donations in the city nicknamed "The Capital of Silicon Valley", we also accept trucks, vans, SUVs, motorhomes, RVs, hybrids, trailers, boats on trailers, construction equipment, motorcycles, off road vehicles, and personal watercraft vessels! Car donation to charity in the San Jose area can and does make a huge difference in the lives of others. Start your San Jose car donation today online or over the phone (877-957-2277) and we'll help maximize your charitable contribution, earning your charity more money and you a bigger tax deduction.

How do I release the liability of my donated vehicle in San Jose, CA?

• The state of California DOES require a Certificate of Title in order to transfer ownership of your vehicle. If your vehicle was last titled in the state of CA we can accept a Reg 262 and Reg 227 form in place of the title. These are secure forms that can be obtained at any local DMV office. We ask that your license plates remain on the vehicle at the time of pick-up UNLESS they are personalized.
• In order to complete your California car donation, transfer your title by entering the name of our authorized agent, ADVANCED REMARKETING SERVICES in the buyer/purchaser field. Please PRINT and SIGN your name in the seller/owner field EXACTLY as it appears at the top of the title.

How do I sign my title to donate a car in San Jose, CA?

For detailed instructions on how to properly fill out your title visit their official website @www.kars4kids.org 

How it works in San Jose, CA

1. Tell us about your car

Take 2 minutes to fill out a donation form - online or over the phone.

2. Schedule a free pickup

Within 24 hours we’ll call you to arrange a convenient pickup time.

3. You are done!

Within 2-4 weeks you receive a tax receipt and vacation voucher.
For more details visit their official website @www.kars4kids.org

Source :kars4kid.org andhttps://www.cardonationwizard.com

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CAR DONATION CALIFORNIA

Car donation California 

California  vehicle coverage

Colorado automobile coverage—earlier than you begin driving here
Whether you're hitting the slopes or heading to the workplace, make sure you have valid colorado car coverage when you pressure in the centennial state. Drivers who fail to reveal evidence of insurance can face penalties upwards of $500, points brought to their driving document, and in a few instances suspended licenses and community provider hours. Drivers also are required to reveal proof of insurance to the colorado bureau of motor vehicles so one can register motors. In case you want automobile insurance or want to replace organizations, you may get colorado vehicle coverage costs online.

Ski rack necessities in colorado
There are legal guidelines on automobile peak and motive force visibility that would motive you to be pulled over by means of the police. Whilst fastening skis and different system to the roof, drivers want to ensure there's no visual obstruction, like ski pointers that might block the driver's view via any of the vehicle's windshields or windows. In case you area a ski rack on a tall car, like an suv or van, take be aware that the rack does exceed the kingdom's most allowable height of thirteen toes. Violations are subject to fines and surcharges.

Colorado car insurance minimal requirements
Car owners driving on colorado roads are required to have at least the following minimum limits on their insurance coverage:

Bodily injury: $25,000 according to man or woman, $50,000 consistent with coincidence
Assets damage: $15,000 in line with twist of fate
Uninsured motorist: $25,000 in line with man or woman, $50,000 per coincidence*
Clinical bills: $five,000 in step with accident*
*uninsured motorist and scientific payments may be rejected by means of signing an option shape.

There are additional non-obligatory coverages that you can bring to higher defend your self and your cars. A geico coverage counselor can help you in selecting the nice insurance in your wishes.

Colorado teen motive force licensing process
For colorado young adults who want to get their license on their sixteenth birthday, they may need to start driver's training before age 15. Colorado requires teens to have held a learner's permit for as a minimum one year before applying for a colorado driving force's license. Colorado law prohibits drivers below 18 years of age from using a mobile smartphone while driving until it is to touch the police, hearth branch, or it is an emergency. Drivers 18 and older might not use a mobile phone for textual content messaging at the same time as driving unless it is to touch the police, hearth department, or it is an emergency.

The system for acquiring a motive force's license varies depends at the driver's age:

If you start at or before age 15 and 6 months, you should entire a 30-hour motive force's education path before you can observe for a learner's allow (minimal age 15). Allow holders who've logged 50 hours using time, completed a 6 hour at the back of-the-wheel training path, and feature held their permit for at least 365 days can then practice for a driving force's license.
If you start between age 15 and 6 months as much as age sixteen, you could either complete a 30-hour motive force's schooling route or a four-hour lecture room driving force recognition software to be eligible for a learner's permit. Permit holders who've logged 50 hours riding time (plus 6 hours at the back of-the-wheel training if you are younger than 16 years and six months while you practice for a license) and who've held their allow for as a minimum twelve months can then apply for a motive force's license.
In case you start at age 16 or 17, there aren't any earlier driving force's schooling necessities earlier than being eligible to apply for a learner's permit. Permit holders who have logged 50 hours driving time and who've held their permit for at least 12 months can then observe for a driver's license. Additional 6 hours at the back of-the-wheel education is elective.
For the first 12 months certified driving is prohibited between nighttime and five am, until accompanied by means of an teacher, determine, or criminal mum or dad.

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How To Make A Small Business Give You Large Earning

Source :thebusiness1.tk

How To Make A Small Business Give You Large Earning 

Starting a small business can mostly be a hectic process. Excluding the fact that you have to identify good procurement sources for your goods and services, secure the right
location to run your business, map out strategies to acquire customers, and even raise enough startup capital for all these to be possible, you need to ensure that the most
basic fundamentals are covered, so you can avoid running into the worst legal mistakes many small business owners make.
What are some of these worst legal mistakes most new small businesses make? How can they ensure they’re operating on safe grounds and not murky waters?
While you read through this article, it’s important to Note that there’re many other legal mistakes small businesses make, and that these few are highlighted because, they are some of the most common legal mistakes small businesses make.

Here Are 7 Of The Worst Legal Mistakes Small  Businesses Make In Nigeria, And Everywhere Else In The World:

1). Not Incorporating:
Many new small business owners avoid the incorporation (mostly LLC) route, mostly because of the high taxes companies are. made to pay by the government. What these
entrepreneurs miss out, is the drastic effects a non-incorporation can have on their small businesses and all the partners involved.
Not incorporating puts your small business at potential risks, and if all goes south, every one of the co-owners could be liable to their own
personal finances. This basically means that an incorporation greatly reduces the risks, in the event of a lawsuit or bad-debt to your
personal assets.
Decide the type of company you want to incorporate, and make sure it’s done right, and on time!

2). No Shareholders Agreement:
Without shareholders agreements, founders could easily leave the company, investors would see you as reckless and feel shaky about an investment decision in your
company, an angry partner could easily setup a competing business, and a lot more.
Although incorporation is the best route to take when starting a small business, especially with partners involved, not having a shareholders agreement that makes each
partner both responsible and accountable for certain events, could be one of the worst legal mistakes any small business could make.
Ensure every partner has a sound agreement on their responsibilities and duties to the entity. This would not just prove you have a good structure in place, but would ensure
everyone stays committed to the company.

3). Not Protecting Your Intellectual Property:
Not protecting your trademarks, patents, or copyright, is one of the worst legal mistakes any new company can make. The implication
of this is that any brand, individual, or corporate entity can infringe on your Intellectual Property rights legally, to benefit their businesses.
Without protecting your Intellectual Property; ranging from your trademark, to your logo, idea, and even your concept, your business is
totally nothing.
Protect your company before it gets trampled on.

4). Using Someone Else’s Company Name:
Many founders fall into the problem of using some else’s company name to sign contracts
and carry out a bulk of their activities,
pending when they’ve fully registered their own company. Another mistake they make is to use a name they haven’t verified is still unregistered, to run all their business activities.
The problem this poses is that if you’ve gone too deep in your business operations with suppliers, contractors, and more, only to
realise the business name is already taken, changing can affect some of your business relationships, based on the issue of trust and competence.
Avoid this legal mistake by all means, and ensure that before you start running your business operations or getting into any
agreements and contracts, the business name is available for registration.

5). No Contracts With Employees:
When employees have no contracts, they could easily skip a day at work and come up with some flimsy excuse, run-off with some of the
companies cash and assets, and worst still, you could get arrested by the government for irregularities, illegal hiring, and trying to evade
tax. Tie every single employee to a contract, so you’d be certain of their competence-level every single time.

6). Using Personal Accounts To Store Company Revenue:
If the company’s income is been stored in personal accounts, rather than a legal corporate or business account, there’re a couple of things that could happen: You could get arrested for tax evasion and
fraud. A partner holding the revenues in his/her account could run-off, leaving every other partner in shock.
You would appear as totally incompetent, highly inexperienced, and careless before any potential investor.
That said, not running your operations from a business account is one of the worst legal mistakes any small business could make.

7). Not Respecting Local & State Laws:
Have you determined if you require any licence to run your type of business? Are you aware of the local & state laws for hiring & firing
employees, filing tax returns, and all? Not being aware of the local and state laws could be detrimental to your small business in the
event of an investigation.
Make sure you’re strictly in compliance with every federal, state, and local law regarding running your type of business.
The above mentioned mistake should be noted in order to avoid the unknown.

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Read How to Calculate Total Revenue on a Financial Statement

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Setting up a business

Source :tbn3.gastic.com

Setting up a  business 

So you want to start a business?

To Increase your chances of success with our checklist.
Case Study: What I wish I knew Not what you're looking for.

Starting Your Business Right workshop to step you through the process of starting a business, help you get set up right the first time and connect you to a range of government resources and free mentoring.
Our infographic explains the steps to start a business and what support and resources we offer.

Is running a business for you?
There are many benefits to having your own business: independence, flexibility, satisfaction in nurturing your own idea and possibly building an asset that you can leave to your children.
But it's a lot of hard work. You'll need to put in long hours to get your business started. There is also financial risk. You'll be leaving behind a secure pay packet and company benefits such as superannuation and paid leave. Your personal assets might also be at risk. Before launching your own venture, ask yourself these key questions.

Checklist: Are you ready to start a business?
Personal skills
Before starting a business it is important to see whether or not you have the required skills. Ask yourself:
1. if you have the discipline and motivation to keep going when times are tough
2. if you have experience in the industry
3. if you either have a solid understanding of how to do your own books or can afford an accountant
4. if you are an effective and clear communicator
5. if you are good at problem-solving, particularly under pressure
Planning

It is important to plan your new business venture properly, so you should ask yourself:
1. if you have done thorough research into the state of the market, the type of customers you need to target and competitors
2. if there is a proven market for your business, either filling a gap, entering a market where demand is greater than supply or providing a point of difference
3. if you have sufficient funds to cover the start-up costs and the first couple of years when cash flow might not be steady
4. if you have a business plan for the first 12 months, including a marketing plan ,
cash flow and projected costs
If you've answered 'Yes' to all of these questions, it's likely that you're ready. If you've answered 'No', it's important to find the right support before you go any further.
Where to find help
Existing research
To find out more about your industry, seek out existing market research and do your own. IBISWorld has independent research reports and analysis on more than 500 industries.

Get a mentor
Mentors can advise on how to run a business and offer specific industry insights. Small Business Mentoring Service can connect you to someone with experience in your industry.
Speak to a business adviser
For financial help, speak to someone who's professionally accredited. Accountants, registered with the Institute of Chartered Accountants , help with taxation and financial statements.
Financial Planners, registered with the Financial Planning Association of Australia , can set up short and long term financial goals, including investment advice and estate planning, and prepare a financial plan.
See if it's right for you
A good option is to work in the industry while keeping a salaried job. If you're thinking of buying a cafe, for instance, take a job as an employee in a cafe first to see if it's the right fit for you.
Ways to get started: new, existing or franchise
Your personality and experience can help direct you to the type of business that suits you best.

Starting a new business from scratch
It's the riskiest way to start a business, but it can also be the most rewarding. Legal requirements, pricing, marketing, stock and staff are just a few of the things you'll need to make decisions about.

Buying an existing business
Buying an existing business offers you a proven track record. You're buying the physical assets, as well as crucial contacts - the customers or clients. It's essential that you check the financials carefully. Use our checklist to help determine is buying an existing business is the right move for you.

Buying a franchise
Franchises are established ventures with a successful business model. This takes away some of the risk for the owner. A solid franchise has a proven track record, an established market and provides support for marketing and operational aspects of the business. You buy the rights to an existing one or pay to set up a new one. Franchises are costly investments, and as such our checklist on buying a franchise will help you to decide if buying one's right for you.

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What Business is all about

Source :thebusiness1.tk

What is a 'Business'

A business is an organization or enterprising entity engaged in commercial, industrial or professional activities. A company transactsbusiness activities through the production of a good, offering of a service or retailing of already manufactured products. A business can be a for-profit entity or a nonprofit organization that operates to fulfill a charitable mission

BREAKING DOWN 'Business'

A business most often forms after the development of a business plan. This plan outlines the strategic intentions and logistics in making those intentions occur. A business name must be registered with the state, and this name is often referred to as the "doing business as" or DBA name. A business can operate with its own tax identification number and tax liabilities, so one of the pivotal steps in forming a business is determining the legal structure of the business and associated taxation implications. Different businesses require various permits and licenses to operate legally. Finally, a business has legal obligations in regard to treatment of employees and the conditions in which the employees work. These legal obligations of a business include properly assessing payroll taxes on employees as well as the business itself.

Business Structures

The most basic business structure is a sole proprietorship. The owner of the business is the sole individual who takes ownership of assets and debt obligations. Alternatively, multiple individuals with shared duties can operate a business, and this business structure is a partnership. A business may operate as a corporation. Incorporating a business releases owners of financial liability of business obligations; however, a corporation has unfavorable taxation rules for the owners of the business. For this reason, a fourth business structure, called a limited liability company, is available, which combines the benefits of a partnership and corporation.

READ:How to get loan from bank

Business Sizes

Businesses include everything from a small owner-operated company, such as a family restaurant, to a multinational conglomerate, such as General Electric. Larger businesses may issue corporate stock to finance operations. In this case, the company is publicly traded and has reporting and operating restrictions. Alternatively, smaller businesses may operate more independently of regulators.

Industries

A company may describe its business by communicating the industry in which it operates. For example, the real estate business, advertising business or mattress production business are industries in which a business can exist. Because the term “business” can be interchanged with day-to-day operations as well as the overall formation of a company, the term is often used to indicate transactions regarding an underlying product or service. For example, Exxon Mobil transacts business in providing oil.

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How to get loan from bank

Borrowing money can help you do things, but the process can be complicated. Mistakes can be expensive, and they can cause your loan request to be rejected. If you need to get a loan, learn what to expect and what you can do ahead of time.

What Kind of Loan?

The first step is to figure out what you need. The type of loan you get will depend on what you plan to do with the money. Some common loan types include:

In some cases, you won’t have much choice - it’s not likely that anybody will lend you enough to buy a home unless you use a loan designed for that purpose. Using a loan that matches your need will improve your chances of getting approved and will keep your costs low.

Decide Where to Borrow

Shop around. Again, your choices may be limited based on the kind of loan you want: some places don’t offer business loans or student loans. Start your search at the institutions best known for making affordable loans (for example, go through your school’s Student Aid office for an education loan before you go to the bank for a private student loan).

Banks and credit unions are a good place to shop for most loans. Check with several institutions and compare interest rates and costs. Peer -to- peer loans and other sources of marketplace lending should also be on your list. There are also several websites with access to multiple lenders. Borrowing online is perfectly safe as long as you stick to reputable sites.

Some people borrow from private lenders such as friends or family. While that can make approval easier and keep costs low, it can also cause problems. Make sure you put everything in writing so everybody’s on the same page - money can ruin relationships, even if the dollar amounts are small. Avoid high-cost loans and predatory lenders. It’s tempting to take whatever you can get when you’ve been turned down repeatedly and don’t know how else to get a loan. However, it’s not worth it - they’ll lend you money, but you’ll find yourself in a hole that’s difficult or impossible to get out of.

Payday loans and rent-to-own programs tend to be the most expensive options, and loan sharks can be outright dangerous.

Understand Your Credit

You generally need “credit” to get a loan. This means you’ve got a history of borrowing and repaying loans. How do you get a loan if you don’t have credit? You have to start somewhere, and that generally means borrowing less and paying more. Once you develop a strong credit history, lenders will lend you more and offer better rates.

If you know that you have bad credit, see How to Get a Loan With Bad Credit You can view your credit for free - you get one free report per year from every credit reporting agency.

Take a look through your credit history to understand what lenders will see when you ask for a loan. Do you look like an attractive borrower? If there’s not much in there, you may need to build credit by gradually adding loans to your history. Be sure to fix any mistakes in your credit files, as they’ll hurt your chances of getting a good loan.

Understand the Loan

Before you get a loan, take a look at

how the loan works. How will you repay it - monthly or all at once? What are the interest costs? Do you have to repay a certain way (perhaps the lender requires you to pay electronically through your bank account)? Make sure you understand what you’re getting into and how everything will work before you borrow.

It’s a good idea to run loan calculations before getting a loan. This allows you to see how much you’ll pay for the loan, and how a different loan amount (or

interest rate) might save you money.

There are plenty of online tools out there to help you calculate loans. It's also wise to view an amortization table (whether you build it yourself or let a computer do it for you) so that you can see how the loan will get paid off over time.

Get a loan that you can really handle - one that you can comfortably repay and that won’t prevent you from doing other important things (like saving for retirement or having a little fun). Figure out how much of your income will go towards loan repayment - lenders call this a debt to income ratio - and borrow less if you don’t like what you see. Lenders often want to see a ratio below 30% or so.

Apply for the Loan

You’re ready to get your loan once you’ve:

At this point, you can go to your lender and apply. The process is easy to start: simply tell the lender you want to borrow money, and tell them what you’re going to do with the funds (if required). They will explain the next steps and how long the process will take.

When filling out an application, you'll provide information about yourself and your finances. For example, you'll need to bring identification, provide an address and Social Security Number (or equivalent), and supply information about your income.

Go Through Underwriting

After you submit your application, the lender will evaluate you as a potential borrower. This process may be instant, or it may take a few weeks. For example, home loans take longer than credit card offers because there’s more at stake. Mortgage loans require extensive documentation, such as bank statements and pay stubs to prove that you have the ability to repay. You can make the process easier on yourself by getting everything in order several months before you apply.

During underwriting, lenders will pull your credit (or just use a credit score) and review your application. They may call you occasionally and ask you to clarify or prove something - that’s generally a good sign. When lenders ask for details, it means they're taking underwriting seriously and are more likely to offer competitive rates.

How to Get Loans for Business

Business loans are similar to any other kind of loan. Lenders look for the same basic things. However, new businesses don’t have a long borrowing history (or credit). Nnew enterprises and service businesses typically don't own assets that can be pledged as collateral, so they have to work a little harder to get loans.

In most cases, and individual - such as the business owner - has to use their personal credit and income to qualify for the loan. They may also have to pledge personal assets as collateral to get loans. This is often the only way to get loans in the early years, but you should try to build business credit so you can eventually borrow without risking personal assets.

If You Can’t Get a Loan

You might not get approved on your first try. Lenders can deny applications for almost any reason, but they should be able to tell you why you weren’t approved. In most cases, they don’t believe you have sufficient income or the credit history to justify the loan you’ve applied for. You may have to figure out another solution, or you can try to borrow with the help of a co -signer.

These are the General requirement for getting  loan from the bank :

1.  A clear statement of the amount of the loan required.
2.  A clear statement of the purpose of the loan
3.  The period or term of the loan
4. Your feasibility report
5.  Your management background and competence
6.  Your repayment arrangements,
7.  Any securities you want to pledge.

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TURNING YOUR IDEAS INTO REALITY

Image Source: Forbes.com

    Turning ideas into reality Is a team sport. Whether your idea is a product, a book, a business, or a service, you need the help of other people to make it happen. A vital key to creative success is the practice of building on your strength and integrating your talent with the unique abilities of others. A creative network is one of the most powerful engines for driving social and economical progress.
      Be the kind of person that people can come with their dreams, ideas, and visions. Creative people often don't need to be managed, they need to be inspired with a lofty vision. Rarely does one person have the "whole best idea." whether it is a problem or an opportunity that we are dealing with, we must integrate the fractions of ideas from many people to come up with the best end result. Never double that a small group of thoughtful, courageous, creative people can change the world.
Individuals say "I, teams say " We." A team is much more than a group of individuals. Shared values are the unifying force of a team. Team pride elevates creative thought. Team spirit is a competitive advantage. Teamwork is basically cooperation and mutual respect. Be the kind of team member that would be missed.

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CREATIVE TRAIBLAZERS
Pioneers and creative thinkers have common traits:

• They have a dream.
• They believe that the future can be different, and better.
• They make a commitment to shape portion of that tomorrow.
• They look at risk in terms of opportunity and potential gains.
• They work hard as part of a team that builds on strengths.
• They make total investments in their goals.
• They are minorities that create a better future for the majority.

Some motivational quotes from motivational speaker are listed below to guide you :

• Don't let your dream or vison die because of a lack of sustained effort.
• The strong urge to accomplish somethingnotable is the mainspring of nearly all creative endeavors.
• Create an "idea-safe environment" for thinking.
• Creativity is mobile. You either carry it with you or you don't have it..

The key question is not "what can we create? " or even "what do we want to create?" Rather for all of us it is "what are we called to create?"

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Learn How to Determine a Product Cost in Managerial Accounting?

Product costs in managerial accounting are those that are necessary to manufacture a product. Product costs equal the sum of your direct materials costs, direct labor costs and manufacturing overhead costs. Using the actual costing method, you can determine your small business’s overall product costs and product costs per unit based on the actual costs you incurred during a period. Knowing your product costs can help you price your products and budget your small business's money.

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Direct Materials

Direct materials are the materials your small business uses to manufacture a product that you can trace directly to the product, such as the bicycle tires on a specific bicycle. Add together the costs of the direct materials you used over a particular period, such as one month, to determine your total direct materials costs. For example, assume you make bicycles. If you used $10,000 in bicycle tires and $5,000 in other bicycle parts during a month, add $10,000 to $5,000 to get $15,000 in total direct materials costs.

Direct Labor

Direct labor costs are the total costs you incur to employ the workers that directly assemble or manufacture your products. These costs include wages, payroll taxes, pension contributions and contributions for life, health and worker’s compensation insurance. Add together these costs you incurred for the month to determine your total direct labor costs. For example, if you paid $2,000 in wages, $200 in payroll taxes and $1,000 toward pensions and insurance, add together $2,000, $200 and $1,000 to get $3,200 in total direct labor costs.

Manufacturing Overhead

Manufacturing overhead costs are those necessary to making a product, but that you cannot trace directly to a specific product. Examples include indirect materials, such as masking tape, and indirect labor costs, such as the costs to employ a maintenance worker. Examples of other overhead costs are property taxes, rent and utilities. Add together each manufacturing overhead cost you incurred during the month to determine total manufacturing overhead costs. For example, assume your small business had $5,000 in total manufacturing overhead costs during the month.

Product Cost and Product Cost per Unit

Add together your total direct materials costs, your total direct labor costs and your total manufacturing overhead costs that you incurred during the period to determine your total product costs. Divide your result by the number of products you manufactured during the period to determine your product cost per unit. Using the numbers from the previous examples, add together $15,000, $3,200 and $5,000 to get $23,200 in total product costs. Assume you manufactured 200 bicycles during the same period. Divide $23,200 by $200 to get a product cost per unit of $116.

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