Finance Planning: Introduction to Financial Management.
In this Lecture, you will be able to, Explain the importance of financial management, Describe the inter-relation among financial decisions, Explain the functional areas of modern financial management, Discuss the organization of the finance functions, Describe the objectives of financial management.

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Meaning of Business Finance - business activity which is concerned with the acquisition and conservation of capital funds in meeting financial needs and overall objectives of business enterprises...

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Financial Statement Basic

A tutorial on the basics of financial statements: the balance sheet, statement of cash flows, and income statement...


Business Finance- An Overview

In this animation introduces the learner to the concepts of business finance, financial management...


Finance and its Importance

The significance of finance for business finance, capital required and classification of the same as fixed capital, working capital, sources...

Tools Everyone Needs to Start a Loan Business

There are many different types of businesses that can be started with a small amount of capital, and the loan business is one of them. In fact, you don’t even need to have much money to get started in this type of business.

You might think that starting a loan business means you need to become a bank and use your capital to give out loans, but this is not exactly true. A loan business is any business where you help people get access to loans from third parties.

The great thing about the loan business is that banks and other financial institutions will often pay you for referring them potential customers who meet their criteria for a specific loan. This means that if you’re willing to put in some time and effort, you can start your own loan company for very little money up-front. Here are tools everyone needs to start a loan business:

A Responsive Website

One of the first things you will need to do if you’re going to start a loan business is to get a website up and running. A website is essential for a couple of reasons and one of them is that it is a great way to get your name out there and build your business.

A website is a great way to get people interested in your services, and it’s very inexpensive.

An Email Marketing Platform

Another important tool for any loan business is an email marketing platform. Email marketing is a very effective way to grow your business, and almost every loan business will use email marketing as a way to get clients. There are many different email marketing platforms out there that you can choose from. Take your time in doing research to find the one that suits your needs the most.

A Reputation Management Tool

Another important business tool is a reputation management tool. If you are going to start a loan business, you will want to make sure that you have a good reputation in your community. A reputation management tool can help you manage the reputation of your business online.

An Organizational Tool

Another important business tool is an organizational tool. If you’re going to start a loan business, you’ll need to stay organized. There are many different organizational tools you can use, but one of the best options is Trello. You can also use a USDA mortgage calculator to organize and compute your customers’ purchases properly.

Start- Up Financing: Capital And Funding For Start-ups

Anyone can start a business, but it takes more than just the right mindset and passion for a business to be successful. In addition to a brilliant business idea, a future-proof business plan and a solid capital base are of existential importance. Young entrepreneurs and founders have numerous options at this point to obtain tailor-made start-up financing for their own company.

Small businesses would like to take the big leap. A t-Shirt company, for example, would need a bigger capital if it wants to cater more to the demands of the business. A membership with the Business T-Shirt Club (which offers NET 30 accounts to its members) is most helpful but simply not enough to expand the business.

The most sensible thing to do is to get financing for your business. Whether loans, subsidies or crowdfunding platforms – get an overview and find the option that best suits you and your business idea.

What is start-up financing?

Start-up financing includes all financial resources that are raised to initiate the successful founding of a company. This includes in particular the creation of a capital base that enables the company to operate economically in an intended manner. Start-up financing includes both equity and debt capital.

As a rule, starting a business cannot be financed from your own resources. For this reason, outside capital grants in the form of loans, credits and subsidies play a major role in the initial financing of a company start-up. It usually boils down to the fact that founders (have to) use a mix of all financial instruments in order to be able to successfully enter the market with their start-up.

Read also: 4 Business Advantages of Tax Services Outsourcing

Start-up financing – models at a glance

Equity for start-up financing
In every start-up project, there is typically a certain amount of equity capital. This includes all funds that founders bring to the project themselves without resorting to external sources. Equity can come from your own savings and investments, but it can also be contributed by friends, family, and acquaintances. This is where the fewest liabilities arise for founders – at least on a business level.

Loans / loans for start-up financing
The classic contact point for credit or loans is a bank, although nowadays there are a large number of financial service providers who provide capital for start-up financing. Founders should get a good overview of the various offers and compare conditions, interest rates, installments, and deadlines with each other. Especially with financing via banks, it should be noted that without good preparation and planning there is little chance of approval.

Crowdfunding Start-up Financing
Crowdfunding is an area that has seen rapid development in recent years. This form of start-up financing is becoming increasingly popular, not least due to prominent examples on various crowdfunding platforms such as Kickstarter or Indiegogo, and is based on the principle that business ideas are presented to a large number of potential individual investors, who can then decide whether and in which way extent they would like to participate financially in this business idea.

Subsidies for start-up financing
In order to promote German medium-sized companies and Germany as a business location, there are promotional loans for start-ups and young founders. Appropriate funding programs are available at both the state and federal levels. In the case of start-up support from the public sector, entrepreneurs have access to both advisory programs and inexpensive loans, which are usually characterized by long terms, low-interest rates, and possibly even by start-up phases without repayment.

Investment/risk capital for start-up financing
Depending on the respective business idea and marketing, young founders also have the opportunity to win financially strong individual investors or investment funds for their own heart project. This can be a tried and tested means of start-up financing and enable young companies to get off to a good start – however, it should always be remembered that investors usually have a clear idea of ​​the company’s development and usually demand participation.


Inflation is Making Dollar Stores the Winners in the Retail Trading Competition

The inflation rate since April has reached a 40-year high at 8.3%, to which the average increase in prices of food is 9.4% higher than last year’s price tags. Retail businesses currently benefitting from inflation are the chain of dollar stores located across the country.

Stock market investors should take note of this as Dollar Tree and Dollar General, the two largest owners of dollar store chains, have reported positive financial results for the first quarter. Moreover, both companies have increased their income projections for the entire year. As expected, the share prices of both dollar store companies spiked at more than 13% last May 27, 2022.

Consumer Weather Inflation Impact by Trading Down

The same cannot be said for Walmart and Target as consumer trade downs have resulted in slower sales and slow inventory turnovers. Apparently the dollar store strategy has had an edge in meeting changes in consumer behavior in meeting rising prices

In times of recession, dollar stores fit into the scenes as majority of consumers intentioanlly go back to this buying behavior cycle, Both discount stores are seeing fast movement in consumables, particularly food and essential grocery items. Dollar General Chief Executive Officer Todd Vasos said employment is still at healthy levels and across all sorts of industries that employ the consumers being served by Dollar General. That makes this inflation crisis quite different from the recession consumers experienced in the aftermath of the 2008-2009 financial crisis.

Very Important Insurance for Businesses

Not everyone feels called to be an entrepreneur who seizes opportunities when they see them coming. Some also dare to take the step into self-employment for other reasons. It is to avoid the threat of unemployment or because an idea crystallized during their studies that they now want to pursue in business life. In addition to numerous opportunities, self-employment or working as a freelancer also involves many risks.

The best way to protect yourself from entrepreneurial risks is through a well-thought-out concept. It is also through a solid business plan, a high level of commitment and smart decisions regarding boat insurance victoria.

boat insurance victoria

Every self-employed person should have this insurance aside from boat insurance

Company and professional liability insurance

Business liability insurance comes into play when customers, suppliers, employees or visitors are injured and you as an entrepreneur are liable for it. The prerequisite is that the damage occurred because you or one of your employees were pursuing a business activity. Damage caused by the company building, the production facilities or the company premises is also covered. The claims for damages covered by business liability insurance include personal injury, property damage and financial loss.

Professional as financial loss liability insurance

Professional liability insurance is compulsory for some professions, for example for lawyers, notaries and tax consultants or for auditors and appraisers. Even a small mistake in the consultation or a missed deadline can already lead to the client suffering major financial damage. For example, the lawyer can be held liable. In such special professional liability insurance, only financial losses are usually insured, but no personal injury or property damage. A comparable policy is offered as financial loss liability insurance for other professional groups.

Business interruption insurance

Is a company’s production at a standstill because of a warehouse fire, or is a volcanic eruption preventing delivery? Then the company does not earn any money, although the operating costs are incurred continuously. But not only industrial companies or agricultural businesses are threatened with financial ruin. It can also happen to the self-employed and freelancers that they have to interrupt operations for a certain period of time.

The condition for the business interruption insurance to cover the damage is that it was caused by fire, mains water and storm or by burglary. Some insurance policies also cover natural hazards as a result of flooding or landslides. In addition, operations do not have to have come to a complete standstill. It is usually sufficient if an important operational function such as purchasing, warehousing or sales is disrupted. Therefore, some insurers also refer to this insurance for small companies, the self-employed and freelancers as loss of earnings insurance.

Russia’s Imminent Invasion of Ukraine Already Causing Economic Disruptions in Europe

Since Russian invasion in Ukraine is anticipated as imminent, tension is being aggravated by increases in European the prices of electricity and natural gas. Apparently, Russia is Europe’s main source of natural gas, supplying about ⅓ of what Ukraine is exporting to other countries.

Actually, the European continent has been experiencing a growing shortage on energy-producing resources, which can lead to frequent occurrences of blackouts in the region. Especially now that the prices are pegged at five times higher than what used to be normal, since Europe’s storage facilities are currently running out of natural energy resources. This denotes that the tension between Russia and Ukraine will not only be affecting gas and electricity, but also other commodities.

Russia’s Ukraine Invasion to Cause Economic Disruptions in Europe

As Russia flexed its control over natural energy sources, increments in energy prices have caused inflation throughout Europe. The move started a cost-of-living crisis, which has forced various governments help citizens pay off energy bills.

Director of the Center on Global Energy Policy Jason Bordofff mentioned how the disruption on the energy supplies could be very hard to handle. It is even possible that we might experience true energy shortage. It is important to note that the energy crisis have already been happening even before the Russia-Ukraine invasion issue.


Since summer of last year, Russia has been holding back the energy resources. As a result, countries in the European continent has been relying on dirty coal just to keep the lights on. France is also experiencing numerous nuclear outages, which is the country’s largest atomic producer. Electricite de France SA warns that the output for 2022 could reach its lowest since 1990.

The tensions between the countries also backtracked the metals markets as merchants are getting ready for possible disruptions in supply. According to the London Metal Exchange, nickel and aluminum prices increased, including Palladium of which 40% of the supply comes from Russia.

The prices for services and goods in the U.K. are at its highest in the past 30 years, and will even top 7% once the limit on electricity and gas bills are lifted by April.

Campaign Against Climate Change activist John Sinha mentioned they’re facing a cost-of-living crisis of which energy plays a big part. Sinha added that people now have to choose between heating and eating as a result of of fuel poverty.

4 Business Advantages of Tax Services Outsourcing

Filing Taxes


It’s a replacement year, and so, the proper time to start out wondering taxes.

As the tax season comes closer, companies often find themselves doing more business than at the other time of the year, which implies more revenue. While this is often great news, it can even cause some problems — if there are complicated tax returns to organize, you may end up not having the ability to supply quality service to your customers, otherwise, you may be stressed to the purpose of frustration.

While there are several steps you’ll be able to go to ease your burden, there’s one thing that will allow you to continue usurping new projects without interference and without hiring additional resources — outsourcing your tax services.

If you’re a business owner who is trying to control a leaner budget, it’s going to be useful for you to outsource such administrative tasks as filing taxes so as to scale back headcount and find other benefits. Of outsourcing your tax services, here are four major benefits:

1. Access to Experienced, Licensed Experts

Filing the incorrect tax figures can have disastrous repercussions for a business, including an investigation by the inner Revenue Service (IRS). Outsourcing gives you access to skilled professionals who are cognizant of the updated tax and regulatory changes and have experience in your specific industry.

Apart from expert knowledge, you furthermore may get access to the most recent technology and processes (which can otherwise cost a fortune) to make sure that your data is accurate and secure.


ALSO READ: Basic Definition of Wealth Management for Businesses


2. Risk Mitigation

Making mistakes when it involves taxes can cost a business pile. additionally, employee fraud could be a huge problem for several companies, especially small businesses — in line with the Association of Certified Fraud Examiner’s study from 2012, the median fraud amounts to an astonishing $147,000, and the foremost common victims of fraud are small businesses that employ fewer than 100 people.

This is where outsourced tax services are the proper solution. You’ll lower your risk of internal fraud by bringing in a third party to audit the money trail. Ultimately helping improve compliance, this third party may offer impartial standards of checks and balances.

3. Flexibility and Scalability

Eventually, you may want your business to grow, and when it does, you may require a bigger workforce. However, if the expansion suddenly plateaus, you will just let some team members go. services tailored to your specific needs are what outsourcing firms offer. Therefore, you get the pliability to rescale or scale down the services, counting on how your company is growing.

4. Time and value Savings

Depending on how you utilize the outsourced firm, you’ll find yourself saving lots of your time and money while making your operation more profitable. You’ll be able to unlock valuable time that would be better spent on daily operations, customer acquisition, and team management, furthermore as saving money on expenses associated with accounting software, recruitment, training, office supplies so on, all just by outsourcing your tax preparation work. This may allow you to specialize in growing your company rather than performing on the minutiae.


OECD Urges G20 Business Organizations to Give Importance to ESG Ratings

Last Monday, the Organization for Economic Co-Operation and Development (OECD) published a report addressed to members of the UN-founded G20, ahead of the meeting in October. Through the report, the OECD is urging corporate organizations to pay particular attention to their Environmental, Social, and Governance (ESG) ratings, in terms of quality, comparability and global transparency

The OECD report came after consultation meetings were held with members of the International Organization of Securities Commissions, with particular focus on the ESG ratings submitted in July. It became apparent that businesses in the world’s largest economies have to do more, since the different approaches for assessing ESG ratings resulted in data inconsistencies and lack of comparability.

Many businesses appear to be more focused on corporate policies and goals but with little assessment on their negative environmental impacts. The OECD says, giving greater clarity on ESG ratings can help investors decide.

According to the OECD, most investors are holding back because of inadequate data, particularly on policies that work toward achieving the net zero climate goal. Other issues include lack of clarity on policies related to carbon pricing, support for renewables and lack of product measurement tools. All these will enable investors to determine if a company’s portfolio is aligned with their specific climate goals.In most cases, ratings providers have been found to input large number on sub-category scores. The OECD is calling for greater clarity with regard to the meaning of such scores. The report added that greater international cooperation is needed to ensure that ESG and climate change-related practices will strengthen investors’ confidence in the integrity of the market.

Info About the G20 Group

G20 stands for Group of Twenty countries including the European Union as a whole. Along with other member countries, namely the UK, the US, Australia, China, Canada, Mexico, Germany, France, Italy, Russia, Saudi Arabia, South Korea, India, Japan, Indonesia and Turkey, these countries work together to address issues affecting the global economy, financial stability, sustainable development and climate change mitigation measure.

Financing vs Cash: Which One Is Better?



If you are in the enviable situation of getting money on hand to buy something as pricey as a car, a ship, or just a home, why would you borrow money rather than purchasing the asset?

It could come as a surprise, however, rich individuals do it all of the time, particularly when interest rates are more positive.

The logic is straightforward: When you’re able to borrow money at a lower rate of interest than you can make on the cash you spend, it is more economical to choose a loan compared to pay money like when buying electronic gadgets with Electro Finance.

However, countless subscribers discuss the easy certainty that debt will be averted in any way costs. If you are among these, it might be because you’ve experienced being within the head in debt such as I have. Otherwise, you may have seen that happen to a person near you, and you also understand the cost an excessive amount of debt may take.

For the list, I largely agree. Now that I am capable, I really don’t have some debt. I bought my cars together with money and paid off my mortgage. I, however, can stop short of saying I will never borrow money. It will be dependent on my situation — and also the interest levels — at the moment.

The opportunity cost of earning money

Whether you pay money for a big purchase or fund it, then there are costs as well as the cost of this asset. When you fund, the price tag is clear: it is the interest you will pay on your loan.

If you pay money, nevertheless, there’s an opportunity cost from the upcoming interest or investment yields you can earn from maintaining that money.

As an easy illustration, let us say:

You’ve got $10,000 in a savings account earning 2 percent APY annually which chemicals monthly. In 1 year, you are going to get $202. in interest. In a decade, you are going to get $2,212. Within 30 decades, you are going to get $8,212 in attention rates.

Should you invest that $10,000, you subtract those earnings. Incidentally, with interest prices on the upswing, you can find a much greater return on your savings accounts. CIT Bank, as an instance, is now offering a 0.40percent APY at this time in their Savings Builder Account.

Things get interesting, but if you think about that you need to expect to make a long-term average of six to 7 percent on cash invested in a balanced portfolio of both bonds and stocks. Though actual yields are tough to predict and depend on myriad aspects, six to 7 percent is a great guideline.

At these yields, the opportunity cost for paying $10,000 goes upward, and it moves up considerably once you think about the energy compounding will have more than time. Only at 7 percent, your first $10,000 will double in ten decades and get over $71,000 more than 30 decades.

Instance: Financing an automobile at two%

A number of the cheapest consumer interest levels are located on new automobile loans. On occasion, the rates of interest are subsidized by automobile producers to help sell automobiles.

Without subsidies, new automobile loans are normally low since most creditworthy borrowers refund them, in case of default, it is rather simple for banks to repossess your vehicle.

In 1.99 percent or not, it is worth funding

If I were buying a new automobile now and also had the choice to pay cash or finance your vehicle at 1.99percent or not, I’d seriously look at funding it. For the list, I doubt that you will discover lots of 1.99% auto loans at the time of publication. Based on Bankrate, the typical 48-month brand new auto loan APR has been 4.80percent on October 17, 2018.

Should you locate and qualify for 2% APR to a new car now, you may think about financing. If you are a stock dealer, then you need to expect to make long-term yields equal to some six to 7 percent annual yield. Consequently, if you are earning 7 percent and paying 2 percent, then you are netting 5 percent on your cash, prior to inflation. In a $30,000 automobile loan within five decades, you might be much better off by almost $11,000.

Where to fund an automobile

First things first, you shouldn’t ever secure financing from the dealership arguing with the salesperson on your rate of interest will only give you a hassle.

Rather, consider searching for the top rates with advanced aggregators such as Fiona. Fiona can locate one of the loans that best suit your requirements.


ALSO READ: The Way To Invest In Gold While In Canada


Instance: The sub-5% mortgage

The bets can become much higher when you begin considering paying a mortgage or when you are in a position to pay money for a house.

Mortgage rates are moving up, together with the typical 30-year fixed-rate mortgage in at 4.86percent on October 25, 2018. Should they move much greater, this mathematics begins to break. However, it works, for today.

At 5 percent or not, take a mortgage out

At 5 percent or not, carrying out a loan makes sense, in my own estimation, for precisely exactly the exact identical reason it is logical to fund a vehicle at 2 percent.

Though you’ll cover a substantial quantity of attention on a 5 percent mortgage, then you might conquer that speed by 2% along on your investments. And, since you hold a loan for more, the compounding impact is important.

You will spend $380,375 in interest over 30 years to get a $200,000 mortgage at 4.86 percent. Wow, that is a great deal. On the flip side, you can spend your $200,000 via M1 Finance a hybrid Robo adviser. If you make an average 7 percent annual return, that is achievable, you might wind up with approximately $1.6 million. To put it differently, you might wind up with almost $1 million over if you paid money for the house.

Where to Locate a mortgage

You’re able to go via a credit union or even the regional lender, or, exactly like with auto loans, you may try to find the ideal mortgage rates via aggregators.

However, what about danger?

When you examine the $200,000 mortgage case as well as the capability to come out beforehand by near $1,000,000, then it’s easy to overlook the advantages of paying money. If you take a loan out rather than paying money, you will find two important dangers.

You can default to the loan

We are all aware that if you fund something, make it a car or a house, you do not really have it before the final payment is made. In case you stop making payments, then the lender can choose the advantage back.

Even though the danger of default is lower in case you’ve got the money available to pay back the loan at any moment, things may happen. You might, as an instance, become incapacitated and quit making payments.

Your investments will not always work well

Historically, the stock exchange has become the very ideal location to cultivate cash within the long term. But there is no guarantee that will last to be authentic or future average yearly yields will not fall. I am betting my financial future to get a stock exchange that may return at 6% over 30 or even 40 decades, so I will be of profoundly disappointed if that is not the situation. Nonetheless, you can’t know.

Ascertain the danger you can manage

If you repay a 4 percent loan, or 2 percent auto loan, you are obtaining a guaranteed interest rate. You will not be paying that two or four% interest.

Because of this, like all investment choices, it comes down to risk tolerance. Taking on more danger has the capability to create more benefit.

Only you are able to assess your situation and understand what level of risk would be acceptable.


Do not presume that paying money for a big purchase such as a car or house is mechanically the ideal thing to do. If you are investing sensibly and have excellent credit, you could have the ability to come out ahead by thousands of dollars by borrowing cash at a very low rate of interest and investing the money rather than

There is no definite principle about just how poor an interest rate has to be comparative to an expected average yearly yield, but I feel that a 2% rate starts to turn into appealing, and also a 3% payable or longer earns borrowing incredibly appealing.


Warren Buffet’s Advice Amidst Fears of Adverse Effects of Unceasing Inflation

As consumer prices continue to rise, the “Oracle of Omaha,” billionaire business tycoon Warren Buffet gives advice on how not to fear the effects of inflation. The Berkshire Hathaway CEO who has been consistently at the top of the list of the world’s richest persons, says there are two Important things to do: one is to be great at what you do, and the other is to build your retirement savings by investing in low-cost stocks.

Prices are said to be at the highest inflation rates today, compared to the inflation rates of the past decade. Some economists fear that the continuing rise could wreak havoc on an economy that is still trying to recover from the devastating effects of the worst pandemic ever. Yet other economists and financial experts like Warren Buffet say it’s nothing to lose sleep over.

The 78-year old billionaire who is also a legendary stock market investor says inflation cannot be avoided; but if you’re great at what you do, you will always have a share of your country’s economic wealth. Mr. Buffet said that regardless of the current value of the currency, you will always earn your fair share of revenues if you’re the best in your profession whether as teacher, surgeon, lawyer or whatever occupation you’re engaged in.

Secondly, the next best thing to do to protect yourself against inflation is to invest in yourself by owning a part of a wonderful business, one whose product will still be in demand regardless of what happens to the value of the dollar; or of the currency that revolves in your economy.

Buffet’s Epic Advice When Investing in the Equity Markets

Mr. Buffet has long been recommending that when investing in shares of stocks, it’s always best to consider the low-cost index funds instead of choosing a single company as investment vehicle.

He explained that aside from being less risky, the low-cost stocks of companies whose products are forever in demand are held in every low-cost index, which automatically makes them diversified in nature. As examples, he cited major companies like Coca Cola, Google and Apple as also being included in the Standard & Poor (S&P) 500 List.

Diversified index funds have always been Mr. Buffett’s recommendations to people who are looking to grow their retirement savings. Mainly because they are the most practical investments in all times.

In a 2017 interview by CNBC, the billionaire philanthropist said

”Through thick and thin, consistently put your money in an S&P 500 low-cost index fund, especially in times of thin.”

California, Poised to Resume Economic Activities on June 15 If Infection Rates Remain Low

California Gov. Gavin Newsom has announced plans to fully resume economic activities by June 15, but will still require everyone to wear protective masks. Governor Newsom said that masks are still mandated statewide and that the state will only resume business operations if the hospitalization rates stay low and stable.

Gov. Newsom believes that it is time to make quick progress as California’s infection rate is currently one of the lowest in the country. Furthermore, California’s vaccination programs have been making progress so far, since as many as 20 million Covid-19 vaccines have been administered throughout the state.

On a nationwide level, the state is on record as having the strictest pandemic restrictions, having been the first to issue a lockdown order that required people to stay at home. There is also a complex color-coded tier system that serves as a basis for determining which businesses will be allowed to reopen at a specific capacity — the coding depended on how widespread the transmission of the virus is in the areas.

Nonetheless, the color-coded tier system is slated to end in August, albeit dependent on the developments that will transpire. If all things remain positive, it could also mean that all businesses will be allowed to reopen by June 15

Governor Newsom voiced hopes that the end of the pandemic is near, making them look forward to reopening California’s economy. They are also starting to plan for what’s next during post-pandemic, including keeping up the practices, like getting vaccinated and wearing masks.

Federal Health Officials Asks Citizens to Continue with Safety Protocols

Federal health officials led by Dr. Anthony Fauci continue to raise the public’s awareness about the importance of continuing the public health measures, especially this forthcoming summer season. Dr. Fauci, gave reminders of what happened last summer, when a significant surge of infection cases occurred, contrary to what was expected.

The White House leading coronavirus expert advises people to get vaccinated, either with two doses of Pfizer or with Moderna.

Complaints vs. Robinhood Escalates : Frustrated Customers Show Up at Menlo Park Office

As more news about complaints and lawsuits against Robinhood are being reported, frustrated customers showed up at the fintech’s Menlo Park office.

Agitated customers who want to close their account but were barred from doing so because they’ve been locked out of their Robinhood account. Since the fintech’s customer service support has not been responding to their emails, about 15 different Robinhood account holders arrived at the nondescript headquarter, looking to speak in person with a representative. However, security guards at the door were apparently under instructions not to let them in and instead gave the complainants forms to fill up.

The local police were called on to help the security guards, as some angered and frustrated customers were already acting in fits of rage; kicking and pounding on the building. According to police reports, one threw his t shirt at a security guard, while another was said to have hurled dog feces at the front door. Still, another customer vented his anger on a statue in the property by sawing the sculpture.

In recent weeks, over two dozen users of Robinhood’s trading app have filed lawsuits against the company. The most recent was filed by the parents of a college student named Alex Kearns, who committed suicide after Robinhood sent collection notices, instructing the 20-year old to pay a sum of money he owed after incurring trading losses of more than $730,000.

Clients have been trying to close their account, as the company had recently paid $65 million as civil penalty to the SEC. It was settlement for allegations of unfair trading practices, including that of not giving customers the best options for trade executions.

Most complaints have also become the subject of accusations that the company was more inclined to protect the interest of Wall Street short sellers. To prevent the prices of certain stocks from shooting up, which was against the grain of short selling techniques, Robinhood limits buying activities on some stocks.

The GameStop trading scandal however, was beyond fintech company’s control despite suspending the buying activities for the game retailer’s shares. The people behind the rally to buy the non-performing stock were a group of stock investors who discussed trading strategies at Reddit’s r/WallStreetBets forum.

One Customer Was Able to Withdraw His Money After a CNBC Interview

Rayz Rayl who said he has been using Robinhood’s free trading app for seven years, but since things have been taking a different turn, he wanted to close his account. However, he has been locked out of his account for 10 days, while not receiving any response from customer support.

Rayl told CNBC that he travelled 2,400 miles, from his home in Sellersburg, Indiana just so he could withdraw the remaining $3k in his account; needing the money to pay for his family’s daily living expenses.

After requesting the Robinhood office to comment on the interview, Rayl received notification from Robinhood’s customer service, informing him that he can now a access his account.

Amazon Launches Pharmacy Built Around PillPack’s Pharmacy OS

Amazon recently announced that Amazon Pharmacy is currently available in the U.S. except in the states of Hawaii, Minnesota, Kentucky, Louisiana and Illinois.

The pharmacy services offered were built around PillPack’s software, enabling Amazon Pharmacy to act as a prescription fulfillment center, in accordance with the health plans and health care insurance of consumers. Even more noteworthy is Amazon’s assurance that those without insurance can avail of Amazon’s Pharmacy services at discounted prices.

How PillPack’s Software Works

PillPack originated as an online pharmacy that used to rely on third-party software. However, as the demand increased for the fulfillment of medical prescriptions and delivery, the company decided to build its own software.

PillPack’s proprietary Pharmacy OS enabled the online pharmacy to simultaneously keep track of numerous medications; whilst saving time in delivering individual medications prescribed for patients; particularly those who have multiple medical prescriptions. Through Pharmacy OS, doctors can send individual prescriptions to Amazon Pharmacy in behalf of patients instead of writing each one out manually.

All medications will then be sent to patients in individual dispenser type of packaging, indicating the medical prescriptions on how and when the medicines will be taken.

In 2018, Amazon acquired PillPack including its Pharmacy OS software as part of fulfilling plans of entering the pharmacy space when the matter was first internally discussed in 2017. Now that the Amazon Pharmacy is available, the online store is on an equal footing with other well-known pharmaceutical retailers like CVS, Walgreens and Walmart.

What Amazon Pharmacy Offers

Amazon Pharmacy gives customers the option of receiving their prescription medications either by mail or by direct delivery right on their doorstep. The medications available are confined to both branded and generic drugs including frequently prescribed medications like metformin, sumatriptan, and insulin. Customers can also order birth control pills. However, Amazon Pharmacy does not dispense opioids and controlled medications classified as Schedule II drugs.

When looking to buy vitamins and supplements, customers can order these items from the Health & Personal Care section of the Amazon online store. .

The Amazon Pharmacy is also capable of accepting insurance, health savings account and other types of flexible spending accounts. This aspect allows simplification of communication between doctors, patients, healthcare providers and even insurers as it will make monitoring of insurance claims much easier.

The pharmacy service is available to customers who are over18 years old, who will be asked to furnish important information such as birthdate, gender, and other related info required by law as a means for pharmacists to authenticate prescriptions..

While seen as a useful tool during this period of health crisis caused by the COVID-19 pandemic, Amazon Pharmacy will still continue providing this service even after the pandemic has been eradicated; giving the American people a new and more convenient method of buying and receiving their prescription medications

Trump Issues Exec Order Banning WeChat and TikTok Effective Sept. 20

Trump ends the debate on whether WeChat is a safe mobile app or not, by issuing an executive order that bans the app along with Tik Tok. Despite allegations that both social media apps are spywares, the use of WeChat in North America has spread widely not only among Asian-Americans.

While many smartphone users in North America find it convenient to use WeChat, Trump’s executive order also prohibits Americans from using it. The China-developed app is quite popular because the software not only provides messaging and social media services. It also enables app-users to make electronic payments in business establishments supported by the WeChat payment processing technology. .

The ban is set to take effect on September 20,2020; taking away an efficient cashless method of paying for goods and services amidst the ongoing COVID-19 pandemic

Why Trump Disapproves WeChat?

Apparently Trump’s strong disapproval (and fear?) of WeChat stems from a test report released by The Guardian Project in 2013. The group comprised privacy software developers who discovered that chat data coming from Indian smartphone users had a way of flowing back to Shanghai. That is considering that the Indian government is currently entangled with border conflicts with China’s Communist government. The U.S. on thenother hand, has an unresolved trade war with China.

According to the The Guardian Project report, the WeChat app’s terms of service do not give assurance that chat messages will not be accessed by China-based servers. The Chief Technologist of the Canter for Democracy and Technology, Joseph Lorenzo, said the limitation that bars Chinese servers from accessing WeChat messages is only based on the company’s word, which is not legally binding. Mainly because the assurance does not form part of the legal agreement between Tencent, the company that owns WeChat and the app users.

According to Nathan Freitas, Head of the Guardian Project, inasmuch as the app has the ability to obtain data stored in users’ smartphones (e.g. photos, videos, location data), it can be considered a spyware; especially if the app user is not aware of such technological capabilities.

Still, Freitas remarked that when looking at both sides and in a less paranoid perspective, it is also easy for the U.S. government to spy on Chinese nationals using Facebook, Gmail, and similar other U.S. developed apps, including iPhone’s iMessage.

What Tencent Says in Defense of WeChat

The privacy vulnerability of American users in using WeChat as a social media app is hardly a cause for concern since WeChat is in several ways similar to Facebook. Yet different because it does not engage in selling customer information to advertisers the way Facebook does.

Tencent officials assert that the app earned a TRUSTe certification for passing the tests for maintaining users’ privacy, and has made record for being the first messaging app to have earned such recognition.

UK Fintech Volunteers : “Save My Local” Project

Concerned that many small businesses in the UK won’t be able to stay afloat due to the coronavirus crisis, UK fintechs launched the Save My Local Project.

Fintechs revolutionised the financing industry by developing tools that allow them to act as financial services firms. Doing so, has made financial products and services easily accessible to consumers and to small-to-medium scale (SME) enterprises.

Although fintech companies involved with providing funds to SMEs are themselves experiencing disruptions in their operations, some fintech players recognised the fact that SMEs, now more than ever, need business funds. Mainly because none, or less have flowed in since the UK government ordered a nationwide lockdown and stay-at-home mandate. As a result many small businesses are at risk of losing the capability to operate their business once the health crisis is over.

While help may come by way of financial assistance provided by the UK government, there are concerns that financial relief would take long to arrive; or may not suffice to keep operators afloat in the midst of the health crisis,

In light of such concerns, more than 20 fintech innovators came together to volunteer their assistance in developing a plan, and tools aimed at helping SMEs raise funds.

What is the Save My Local Scheme?

The Save My Local scheme was designed and built by a group of over 20 fintech innovators who responded to calls sent out by the fintech community. The objective was to build a website equipped with tools that will enable small businesses to generate additional business funds during the ongoing pandemic.

In less than a week, the group came out with a Save My Local website in which small business owners in the UK, in need of supplementary cash to use as working capital, had enlisted. After which, they were able to access tools to use in raising funds.

The fund-raising scheme allows small business owners to sell vouchers to their loyal customers. Selling and buying of vouchers take place at the savemylocal.org website, which ensures that customers are purchasing vouchers for the account of the business, while under a secure environment and for the purpose that such vouchers are intended.

The vouchers are redeemable by way of future purchases, serving as prepayments held in trust for customer accounts by the small business seller or service provider.

Why Trump’s Signing of Phase One Trade Deal with China is No Big Deal

Donald Trump is claiming that the Phase One of the trade deal he recently signed with China will greatly improve the U.S. economy. Economic experts though, doubt that the deal can bring significant changes from where the country was, before the 18-month trade conflict with China started.


The U.S.-China Trade Deficit Still Remains as an Economic Trade Issue

Although China has agreed to increase its purchases of U.S goods to as much as $200 billion in the next two years, the increase has little impact in putting to rest the the trade imbalance issue between China and the U.S.

Much of the trade deficit still exist, since the total U.S. products that will be sold to China stands to increase by only $15 billion (coming from $185 billion reported in 2017.) Whereas China still remains as the biggest supplier of retail goods, raw materials and other products to the U.S. that totaled to as much as $539.5 billion in 2018.

This means that despite the signing of the Phase One Deal, the main bone of contention in the U.S-China Trade disagreement still largely exists by over $300 billion in trade deficit. Simply stated, since the U.S. buys more from China than the latter does from the U.S., China still stands to gain more income in overall US-China trade deals.

On top of that, China has agreed to exclude certain U.S. goods impacted by the first-set of counter tariffs imposed on American goods imported by Chinese businessmen. Although the exclusions will encourage further importation of goods coming from the U.S., the tariff exclusion will be reduce costs on the part of Chinese businessmen and subsequently on Chinese consumers.

Trump Still Unclear on How Tariffs Work

However, Trump still thinks that the tariffs imposed on China are costs still being shouldered by Chinese businessmen, since he only reduced U.S. tariffs on about $120 billion worth of Chinese goods by half; from the original 15% down to 7.5%. This denotes that the 25% tariff imposed on the $250 billion worth of Chinese products imported by U.S. businesses is still very much a cost to contend with by American importers. .

Apparently, Trump still does not understand how tariffs work, as he still asserts that the burden to pay such tariffs still rests on Chinese businessmen.

He still cannot get the point that the additional cost of duty taxes that U.S. importers pay in purchasing Chinese products are  paid before they can bring take the goods out of U.S. Customs. The duties paid will be factored in as part of the cost of goods, which in turn, partly determines the retail price paid by consumers.

U.S. and China Have Contrasting Reactions to Outcome of Latest Round of US-China Trade Talks

In an effort to settle the trade dispute that has dragged on for more than a year, U.S. And Chinese officials once again met in Washington to discuss new terms and conditions that could potentially end the ongoing trade war.

According to U.S. negotiators, they have arrived at a “phase-one deal”, to which the U.S. agreed to a suspension of the tariff increase that was supposed to take effect last October 15, 2019. President Trump agreed to the partial agreement, which he said also included a deal that would have China purchasing around $40 to $50 billion U.S. agricultural products, and of addressing concerns over financial and intellectual property deals.

What the Chinese Side is Saying about the Outcome of the Recent Trade Negotiations

Gao Feng, the official spokesperson for China’s Ministry of Commerce said there is no official confirmation of the amount of agricultural purchases to which China has agreed. Although Gao confirmed that as far as agreement to place orders for U.S. agricultural products are concerned, Chinese companies would increase their purchases of U.S. agricultural products in accordance with market-based principles, particularly, the demand of the Chinese market.


Apparently wary of the U.S.’ reputation for backpedaling on previous agreements, the official Chinese state-owned English newspaper came out with an opinion piece entitled “Let’s nail down ‘phase one’first, before advancing to the next,”which suggests anticipation of the Trump administration’s unpredictable tendencies.

Small Business Funding Options Aside From Traditional Bank Loans

Numerous free crypto signals have become available for cryptocurrency users to give them trade ideas and recommendations at which best time and price a certain crypto is best to buy or sell. Such signals have been created since digital currencies have become quite popular among investors and crypto enthusiasts despite of it being volatile.

Crytocurrency for Business Startup

Since its advent, crypto had been making its way into many industries, one of which is the business industry. Today, although not as prevalent, cryptocurrencies like Bitcoin could be used to finance a business startup or business outlays. With many people wanting to venture into business, other financing options are being considered aside from the traditional source of financing.

For crypto holders, utilizing crypto to start a business or pay for business expenses may be an option as they already have access to it and crypto assets; however for those without access and assets, this is obviously not an option. Nonetheless, there are still numerous ways to fund a startup, especially a small business.

Non-crypto Source of Funding A Small Business

Although business proprietors merely think of the typical bank loans as a source of capitals, there are other options that are much better than the usual loans from financial institutions. The following are some possibilities:

  • Self-Financing

Debatably, self-financing is one common option of funding small business startups. While it has its downsides, it is still an excellent way to start. It involves utilizing assets of great value that you hold to secure a loan that is more flexible and with low rate of interest. However, if you are unable to settle the loan, you risk losing these assets.

  • Crowdfunding

Many years ago, crowdfunding looked impractical and unviable, but with many proving its practicality, crowdfunding has become very possible and has turned out to be a favored option of financing a small business. Although many companies find it tough to acquire traction on platforms for crowdfunding, several do and benefit immensely.

  • Product Presales

Financing through Product presale is another option to earn capital for a small business. When your product is completely developed, you could make presales prior to even presenting it. It is imperative to note that the product must be market-ready. If the product that you have developed gains market traction, you could utilize the money form the presale fund your business prior the launch. This financing strategy was used Elon Musk and Tesla during their initial production years.

  • Angel Investors

Angel investors are individuals who are well-off providing funding for business startups. They usually lend funds in exchange for convertible debt or equity in your business. An angel investor could be an excellent funding option especially if you’re at the preliminary stages of establishing your small business. Angel investors may be a person you already know, like a friend, a relative, or a mentor.

Prolonged US-China Trade War Starting to Erode the Confidence of Small Businesses

The prolonged trade war between the United States and China is fast causing an erosion in the confidence of small business operators and owners.

Although the majority, 58% percent, of those surveyed by SurveyMonkey and CNBC, are still optimistic that they will see revenue growth in the next 12 months or so, as many as 55 % also said that they expect the ongoing trade policy to eventually create a negative impact on their business by next year,

According to CNBC, the drop in the confidence of small business owners and operators has fallen to a level not seen since the survey taken in 2017. As it is, entrepreneurs of small businesses, encounter direct or indirect hits that are triggering the gradual erosion of overall confidence in the sector.

According to Survey Monkey’s senior research scientist, Laura Wronski, entrepreneurs are slowly feeling the volatility of the market and of the country’s economy. They feel the trade war policies will eventually create a negative effect on their small business by as early as next year.

Ms. Wronski added that trade war is the current issue that has been causing a huge divergence in the size of small business owners who expect Trump’s trade wars will bring either positive or negative effects by next year. She recalls that there was a time when the numbers were almost even, and at times even net positive.

In the ongoing saga of the US China Trade War, the number of business owners anticipating a negative impact is now twice as many as those expecting a positive effect for their small enterprises .

The SBE Council’s Take On the Eroding Confidence of Small Businesses

Small Business and Entrepreneurship (SBE) Council president and CEO Karen Kerrigan, said

”The longer the trade war with China continues, the “deeper and wider” the effect will be on small businesses.”… “Optimism is still relatively high, but notably. slowly receding now that we are experiencing a critical period in the U.S. economy.”

Ms. Kerrigan explained that mid and small-size businesses depend on larger businesses, in the same way that agricultural communities are dependent on farmers to sell their products.


She remarked that if the present administration can get a China trade deal, even one that not as comprehensive but starts with something like market access and of Intellectual Property (IP) protection, as well as get the new United States-Mexico-Canada Agreement (USMCA) through Congress, it would all have a very positive effect on the markets, investors, as well as on the small businesses.

Fundamentals of Applying for a Business Loan Online

Regardless if you are starting a business or expanding it, money will definitely be involved. In this matter, online money lenders can be a great option to get business loans with best interests. Furthermore, they can offer you with more flexible payment terms allowing you to gradually get back up with whatever you owe.

With business loans online, the lending agencies have discovered a way in which the loan process can be simplified. Therefore, it makes loan application process faster and easier.

Now, there’s no need to bring the entire document, travel to their office and stand in queue just to get your loans.

In fact, to guarantee that you’ll get an approval, you can browse seasoned tradelines at personaltradelines.com.

Everything’s Online Today

As the name suggests, online business loans are based entirely online. Here, you just have to fill up a form and enter the details asked. With the form, you’ll have to furnish a couple of documents such as:

  • Credit history
  • Business details
  • Number of your employees
  • Fiscal year
  • Financial statement
  • Federal Tax ID

If you are seeking to finance or get funding for a new business, you will have to showcase your business plan. At this point, any secrecy you have with your business will be disclosed. Unless you are ready to discuss all of it, you don’t have a shot for an approval.

In the event that you have bad credit score, don’t fret. Online business loans aren’t discriminatory in such. Still proceed with the application and who knows, they may allow you to have a business loan. However, it might not just be the amount that you initially expected.

Your Personal Details

On top of the general business info that will be requested from you, you will need to provide your personal info. This will include:

  • Monthly housing payments
  • Percentage of business you own and;
  • Any outstanding debts

Expect online business loan lenders to ask you these questions. They will assess the information and the risks involved if they lend you money. Their expert team will assess whether or not the business will run. So make sure that you are transparent with everything you tell them. One way or the other, they’re going to figure it out.

After all, the information that you’ll disclose to them will be kept confidential. So nothing’s going to go out in public.

The Balance Sheet : A Reflection of How Much a Business is Really Worth

The Balance Sheet is one of three financial reports required by tax authorities when filing annual income tax returns. The other two being the Income Statement and the Statement of Cash Flow. All three financial reports contain pieces of interrelated information that consistently show how the results of business operations during the year, changed the financial conditions of a business entity.

The Income Statement presents a summary of how much of the business resources were used to generate income; whilst culminating with a bottom line figure that will result in a net increase (Net Income) or decrease (Net Loss) in the net worth or equity of the business.

The Statement of Cash Flow on the other hand, presents a reconciliation of the financial information reflected in the Income Statement with those appearing in the Balance Sheet.


That being the case, the Balance Sheet will provide a proven summary of the assets and liabilities of the business after the result (Net Profit or Net Loss) of the recent year’s operation has been taken into consideration

Important Financial Information Provided by the Balance Sheet

The bottom line figure (Net Income or Net Loss) presented by the Income Statement will cause a change in the capital or equity invested in the business. Net Income will naturally result in an increase; conversely, a Net Loss will cause a decrease. This particular aspect is shown as a sub-summary under the Capital or Stockholders’ Equity Section; .

Capital, Beginning or Stockholders’ Equity Beginning as of Jan. 01, 2019 —– xxx
Add: Net Income Realized or (Net Loss) Incurred in Year 2019 ——————- xxx or (xxx)

Capital End or Stockholders’ Equity End as of December 31, 2019 ————– xxx

Determining if the Increase in Capital Improved the Financial Condition of a Business

A financial reviewer will analyze if the resulting increase in capital or equity improved the financial condition of a business entity. This can be done by determining the Working Capital as of statement period, by deducting the Total Current Liabilities from the Total Current Assets. A positive Working Capital indicates growth in capability, while a negative Working Capital means there is capital or funding deficiency that must be addressed.

A negative Working Capital denotes that the business is not liquid. It indicates that its Current Assets, such as Cash, Inventory, Accounts Receivable and Marketable Securities will practically be used in paying off financial obligations that will fall due within the year of operation. Necessary expenses therefore to continue business operations for the next year will rely on Accounts Receivable collections, from cash generated by next year’s selling activities, or from sale of Marketable Securities. Such condition requires a thorough review of how business assets are being used, to determine if adjustments in spending will reduce the Working Capital deficit.

If business resources are not enough, the owner/s may have to infuse additional funds to increase the Working Capital.

In the event that the owner or the stockholders are unable to raise additional capitalization, the business entity may be constrained to secure a short-term loan in order to stay liquid. Securing money by way of a loan though, does not solve the Working Capital deficit. It will in fact result in an increase in liability instead of capitalization.

Start A Tax Preparation Business And Be Your Own Boss

Tax preparers, like the tax preparer in Tucson, prepare and file for paying clients state and federal tax returns. In several states, tax preparers may work alone, however in other states, it is needed for them to work under the guidance or supervision of an attorney, a CPA or Certified Public Accountant, or other tax experts.


To be a tax preparer, one must be knowledgeable with the numerous tax forms as well as the issued schedules or timetables by the state tax boards and the Internal Revenue Service (IRS). Moreover, one must also be familiar and comfortable working with mathematics and computers since tax preparers examine the financial accounts of clients and work with them to calculate and determine tax obligations, tax credits as well as deductions they may be qualified for. Appropriate forms are then filled out and submitted to the federal and state government on behalf of their clients, placing their name on the tax return to mention themselves as the tax preparer.


Starting a Tax Preparation Business

If you are practiced specialist in tax preparation, you could put up your own tax preparation venture to help people as well as small businesses in the preparation of their tax.

Numerous tax preparers discover that their passion and enthusiasm is in helping others out and going beyond to ensure a tax outcome that is most feasibly favorable for families.

At times, this passion drives them to start their own independent tax preparation business, however the questions of where and how to begin could be disheartening. Here’s how you could start:

Absorb everything you could about tax preparation and tax codes and get a certified.

If you have no sufficient knowledge regarding tax preparation, attend a school for tax preparation and/or sign up for a tax preparation course. For practiced tax preparers, be up-to-date and continually learn about tax preparation and codes.

Obtain experience.

After graduation in tax school, majority of these schools offer employment that is seasonal as a part-time job for tax preparers. Gain experience points by working for a tax preparation business and work with various individuals. Familiarize yourself with filing electronically as well as with the filling system of the IRS.

Legally structure and organize your business.

Create a limited liability company, a corporation, or a sole proprietorship. Get an attorney to make a draft of your articles of incorporation or organization and file them with the office of the state secretary. You could also opt to utilize a legal preparation service online. Have the name of your tax preparation business registered with the division of corporations of the state or the county clerk.

Purchase a software dedicated to tax preparation.

Tax preparation software are offered from several manufacturers. This software is intended for commercial usage and also provides electronic filing system with the IRS.

Be insured.

Get in touch with a certified insurance agent to ascertain which products as well as the amount of coverage you will be needing. Usually, an insurance on errors and omissions and liability insurances are what you necessitate.  

Find a great location and space.

Look for a work space that could provide a space for a reception area, a consultation or conference room and an office. Another option is to have a dedicated workspace in the comforts of your own home to make your business “home-base.” Make certain you have a phone line exclusively for your business, access to the internet, adequate outlets for computers, printers and other needed equipment. Moreover, make sure you have ample storage since the IRS hard copies of the returns of your clients to be kept on file for five years in the event of an audit.


Income Statement : A Report of the Net Profit Yield and More

Not a few have ventured into running a business enterprise without fully comprehending the importance of financial reports as tools for managing business finances. Often times, they perceive financial statements as mere reportorial requirements for taxation purposes or for getting a loan application approval.

One should stop to think that if such reports are important to tax bureaus and to lending institutions, then it is all the more important for entrepreneurs to fully comprehend what financial reports convey. Financial reports, such as the Income Statement, the Balance Sheet and the Cash Flow Statement serve as guides on how to effectively manage the financial conditions of a business.

If for financial management purposes, requiring the preparation of monthly reports is a best practice to consider.

What Does the Income Statement Convey?

The Income Statement may seem easy to comprehend as it merely summarizes the total cash revenues generated and the total operating expenses incurred for a certain period. First off, an Income Statement always covers a specific period, for a month at the least, for a quarter or semi-annual period or for a year.

The Income or Revenue is at first stated as Gross Income or Gross Revenue, which means the sum of all cash received as evidenced by official sales receipts issued during the period covered. The Gross Revenue will then be adjusted by deducting any Unearned Income and the the total Direct Costs, to arrive at the Gross Profit. Unearned Income is revenue already received but recognizable as income only on some future period.

In a simple trading firm, Direct Costs usually relate to the Cost of Goods or Merchandise Sold for the period. The Gross Profit therefore represents the markup yield.

The next goal is to determine the Net Profit, which is achieved by deducting the Total Operating Expenses from the Gross Profit, including non-cash items like depreciation and interest expense amortizations. The bottom line figure after the Net Profit is the Net Profit After Tax, being the actual amount that will increase a business entity’s Net Worth.

In cases where the Total Operating Expenses is greater than the Gross Profit, then a Net Loss was incurred. This calls for a deeper examination of the composition of the Total Revenues reported, and for an analysis of the proper matching of all costs and operating expenses deducted from the Gross Revenue.

Some expenses may have been overstated because part of expense values are applicable as deductions for the next periodic report. In other cases, Net Loss is incurred by failing to consider the overall overhead costs it would take to sell the goods.

Actually there are several other information that can be revealed by correlating Income Statement values with those presented in the Balance Sheet and the Cash Flow Statement.

Importance Of Financial Management In Every Business

Finance is vital in almost every business decision. From planning, budgeting, and cash flow procedures to the financial framework and even in the management of costs and risks associated with the business.

Finance plays an essential role in every business entity even in the government sector. Employers use their financial data every day to make decisions. Finance is essential to assess the present standing of a business and where it is headed in the future. Companies are not able to function well without proper financial analysis.

Handling Inevitable Risks

Managing a business enterprise can be risky. An entrepreneur has worries with regards to the trend of interest rates, fluctuations in currency, fluctuations in product prices, and threats of non-payment due to various reasons. Financial records keep an eye on these aspects and provide records an overview of the business as a whole.

Finance management assesses the risks of worldwide trading markets, determines the credit rating of buyers, evaluates loan terms from loan providers and offers an analysis of the challenges in many aspects of business finances.

Tactical Planning and Cost Management

Financial planning is essential in every business. Planning helps you determine the goals of your business and the costs needed to get there. Business plans help you form the structure for employing staff, financial spending, raising capital, marketing plans and additional bonuses for administration.

Equity or Loan?

Following strategic plan creation, the finance department follows the ways of funding business functions. Would it be preferable to raise equity capital from shareholders or get financial loans from financial institutions? In most cases, financial analysis can give a better view of the best direction to go.

For businesses in New Zealand considering to take out additional funds through lending, Need Money Now offers easy and quick loans in New Zealand. Check them out.

Cost Control and Profit Planning

It’s no surprise that the foundation of your business is to make profits. Therefore, finance plays an important part to find strategies to boost earnings. This may relate to discovering the level of profitability of products, eliminating losers, and endorsing the winners. Business finance can help determine strategic approaches as to how to better production or discover affordable raw materials.

Small and medium-sized business owners are regularly going over their financial statements to realize finances and unforeseen costs. This is called exception financial management. If every aspect of the business is consistent with the profit plan, there will be lesser problems to encounter. However, financial managers would still look closely at the financial flow to correct and avoid deviations.

Cash Flow Management

It is the task of the finance department to ensure the company has plenty of liquidity to compensate its suppliers as well as their employees promptly. In the event that cash gets limited, the finance department will make preparations to work with the company’s line of credit in banks.

On the other hand, having excessive funds that are idle in the company’s bank account is not benefitting the company’s return on investment. Thus, after financial analysis, finance people will find ways to invest cash to produce better returns.

Accident Lawyer: Businesses Legal Advice Tips

Working with a lawyer on a regular basis is often a real challenge for many small and medium-sized enterprises. It is not only the repeatedly discussed costs that play a role. Communication between SMEs and Multi-Car crash accident lawyer is also often a challenge.

Multi-Car crash accident lawyer

Businesses: Things pay attention to when working with Multi-Car crash accident lawyer

Don’t just seek legal advice when the going gets tough

Actually, you only need a lawyer if there is a fire somewhere. If there is a complaint, the lawyer is quick to talk to. As a result, this situation can be more expensive than continuous cooperation. Law firms are not necessarily willing to enter into cost negotiations, especially in the case of complex issues and areas of law. Therefore, it can make more sense to choose a law firm that you trust and with which you will enter into a long-term cooperation.

Large is often not better

Large law firms often have very high hourly rates, why? Expensive personnel, costs for a representative building, etc. often have to be paid for. Some lawyers who have also had experience in corporate legal departments are familiar with the costs of corporate lawyers. So you calculate the cost per hour that such a lawyer costs the company in salary and social security contributions. From a cost perspective, they are a real alternative to setting up their own legal department for many small and medium-sized companies. And through long-term cooperation with the companies, the law firm also becomes a winner of this pricing policy.

Use knowledge of contract law in sales and purchasing

Companies looking for a lawyer are often asked about knowledge of contract law. In fact, drafting, reviewing and negotiating contracts is a core activity of legal professionals. However, he can also scour the existing contracts for risks, identify them and develop solutions on how to avoid them in future negotiations.

A common counter-argument here is that you cannot enforce your own contract plans against suppliers or stronger partners. Experience has shown that a good contract lawyer has a wide range of arguments to solve such situations in a way that is favourable for the business. However, he can also summarize the negotiation results in a database in order to make them available to sales or purchasing employees for their negotiations.

Wallin Hester Lawyer: Business Legal Experts

An in-house lawyer, also known as a company lawyer, is a permanent lawyer employed by a non-lawyer employer.  But where are the differences between the legal advisor and Wallin Hester commercial lawyer?

What is Wallin Hester business or in-house lawyer?

The in-house lawyer does not necessarily have to work for a company. Associations and foundations can also be represented by him. It is important that the employer is not a lawyer.

In all cases, however, approval from the local bar association is required.

This differs fundamentally from the legal advisor. He is allowed to support companies in his advisory activity even without a license to practice law. Therefore, he does not have to be a fully qualified lawyer. Even corporate lawyers may act as legal advisors.

The in-house lawyer can also be easily distinguished from other lawyers because he receives his work from a single employer and not from a large number of clients.

The Wallin Hester business attorney is an advisor to the management level

How does this express itself in the everyday working life of the legal counsel?

On the one hand, a large number of legal questions arise in day-to-day operations. In these cases, the company lawyer is the point of contact for the company.

Its task is the analysis, as well as finding a solution. In retrospect, the briefing of the various company areas, especially the executives, is due.

Also, training and teaching of employees on issues of legal relevance are part of the range of tasks of the general counsel.

In-house Wallin Hester lawyers – experts in contracts

A central task in the field of activity is the processing of contractual issues in all areas of the company.

Wallin Hester

He has to draw up contracts, negotiate, review and revise them independently or in conjunction with them.

Examples of this are of course internal and external employment contracts. The rental agreements for corporate real estate can also be relevant. In addition, there are insurance contracts and the assessment of cases in which these apply.

Companies are occasionally confronted with legal issues that exceed the capacities of the internal legal department.

In these cases, mandating and coordinating external law firms is one of the duties of the in-house counsel.

Finally, the design of internal business regulations should be mentioned. This gives the in-house lawyer a particularly important position in the corporate culture.

Budgeting For A Brighter Future

Money management can be quite problematic for most people. It is not easy to create a good balance between income and expenses every month, especially if you still want to save money. While some people rely on financial experts for their financial planning, there are still some who consult their lawyers like lawyers at to avoid financial issues in the future. If you’re having trouble drawing up or following a sound financial plan, it’s time for a new approach. As long as you organize yourself well, it’s not that difficult at all!.

Evaluate your financial situation first

At first glance, this step can be daunting, but in order to draw up a good financial plan, it is crucial to first have a good overview of your assets and cash flows.

Answer the following questions for yourself:

How regularly do you check your finances? When was the last time you did this?
If you have debts, how much is it exactly? And how much money have you saved or invested?
Do you have a long-term financial plan?
You need to determine your monthly costs. This will give you a better understanding of your financial position.

Organize a financial plan

Good organization is the basis for a healthy financial plan. Often the problem is not that you don’t have enough income for your expenses. Instead, it is often due to a misdirection of your money. So if you know what your monthly costs are, then you should be the first to set aside money. This way you know exactly how much you have leftover for trips or to save. This way you know what your budget is and you will never run out of money for important accounts again. All your income, including extras such as social benefits, rental income, investment income, and any other possible source.

All your expenses, including housing costs, bills, transportation (including possible car repairs, parking costs, etc.), food and drink, insurance, credit payments, and all other possible costs. The difference between your income and expenses gives you insight into your precise financial situation. You then know exactly what you have leftover each month.

Deleverage and prioritize

If you have debts, you must reduce them as quickly as possible. Without debt, you will simply have less stress. Communicate with the financial institutions you are in debt to and work out a financial plan together to repay everything in a realistic way. Be especially careful when paying off credit. Depending on the bank, there are often high interest rates, especially for late repayments. If you have a credit card, you must therefore make sure that you repay within the month so as not to pay any interest, and if you do spread your repayments, that you pay off as soon as possible.

Keep saving

Saving money can help you immensely. You create a buffer to protect against unexpected costs. Try to set aside a little money each month so that you can one day set up a dream project, buy a house, or simply be prepared for unforeseen circumstances. This money can also serve as a supplement to your pension. Personal finances are not that complicated, but you should pay attention to them. By organizing your business better, you can better balance your income and expenses and have more options in the long run. So you have fewer worries and you can enjoy life more.

Monthly Income Funds: Be Financially Free

Everyone is talking about financial independence. But what do you mean by that? One thing seems certain. Financial independence is different for everyone. And it is achievable for far more of you on normal monthly income funds than you think.

Be financially free – monthly income funds

Some work for 40 years in the hope of being able to enjoy their old age. The others work so that they no longer have to work at 40. Without a large inheritance or the lottery jackpot, you don’t just get financial freedom. You have to work for it. Financial independence is a life plan.

Monthly income funds: Forms of financial independence

Financial freedom can be very different. If you want to retire at a young age, you need a lot of money. If you just want to be able to work on what, when, where, how often, you need reserves. And if you don’t want to do every job so that the money comes in, you may just have to be debt-free and flexible in order to achieve your financial freedom.

Financial freedom needs a goal

If you want to be financially free at some point, you first have to define what financial independence is for you.

If you want to build up a passive income, i.e. an income that is generated from capital instead of work, you also need a good strategy. You have to choose the right forms of investment and determine the necessary financial resources. After all, you usually only achieve financial independence if you remain motivated to stick to your path in the event of setbacks.

Monthly income funds: The way to financial freedom

monthly income funds

Your path to financial freedom is comparable to climbing a summit. You reached the first base camp as soon as you earn enough of your own money that you can earn a living with it. Halfway through, as soon as you can live without work for a while from your reserves.

With income from invested money, you then build up your first fortune and with it the tents for the next camp. Now not only do you work for your money, but your money also works for you. The last, the biggest step follows. You generate so much that a pension beckons you with dividends or returns. The financing of the standard of living from the pure income, the pinnacle of financial independence.


Investing In The Financial Market – Online Trading

Online trading is a practice that, in recent times, has captured the attention of an increasing number of people globally.

There is talk of a financial area that is potentially accessible to everyone, as to invest in the online stock market you need a few, fundamental resources. However, an aspect that should not be underestimated is the in-depth knowledge of the markets and platforms that allow access to investments: only in this way, in fact, will you be able to identify the potentially most interesting opportunities on which to focus your attention.

Online trading: the importance of training

Online trading is a type of investment that can be made from home using only a PC and an internet connection. Anyone who wants to get involved can dedicate themselves to this activity, both as a parallel occupation to the professional one and as a real job.

Like all areas, even in this, it is advisable to get informed and above all to train, learning the basics of stock trading, and always staying up to date on the news that there is every day. Consulting specialized sites, such as allows you to get useful insights to explore or tips to choose the right markets or the most reliable brokers.

In fact, initially, you will feel a bit displaced by new names and concepts, but specific, clear, and complete articles help, in a short time, to make targeted investments. Dedicating yourself, day after day, to the study of these topics will allow you to always have a high awareness and select how much and where to invest.

The user cannot directly access the negotiations but must rely on a broker: a financial company or a bank that acts as an intermediary. These are platforms on which to register and open your account, with this money, then, you can decide independently which investments to make.

Online trading: from the choice of the broker to the study of the markets

There are many brokers, it is advisable to read up thoroughly on which one is best to choose according to your needs, evaluating the services it offers.

Specifically, it is essential that the site is easy to read and all the sections can be accessed in an elementary way, this allows the investor to have the choice of the market or product as the only thought and not the development of advanced computer skills.

Another aspect to consider is that the broker you select must be authorized by the state from which you operate. Specifically, this documentation is provided by a regulatory body recognized at the European level, if you are in Italy you are talking about Consob and it is strongly recommended to be wary of all those who do not have this certification.

Some brokers also offer among their services the possibility of being able to practice understanding the dynamics behind online trading without, initially, making investments. It is a question of opening a demo account that works very similar to a real one, from which you can learn very useful information without suffering losses.

Once you have acquired the knowledge necessary to orient yourself with full awareness of the markets, it will be possible to start making real investments. Online trading allows you to buy numerous assets, ranging from commodities to cryptocurrencies. You can move capital and invest by looking at the performance of the most important stock exchanges as well as decide to focus attention on the possibilities offered by emerging countries. From this point of view, it is advisable to select a market that you know well so that it will be easier to make forecasts and profitably direct your investments.

Basic Definition of Wealth Management for Businesses

Wealth Management


I recently got into a dialogue with a person who stated that it seems that what I predict in wealth direction is anything that a company proprietor could encounter. I really don’t believe this is totally accurate, however, I could see how they’d think that.

In my opinion prosperity management to private company owners is broken up into two components:

The monetary portion: in which we are addressing the substance riches and cash flow of the company proprietor. The non-financial part: that copes with what is significant as well to getting financially independent and fiscally secure.

I have discovered that for the most part, company owners are thinking about different things besides earning as much cash as they can. There’s an exception for this and that is as soon as the company owner isn’t making money in any way. I find that after they earn enough money then cash goes far down the list of major facts to take into account.

A wealth supervisor that does not handle a company proprietor has a significant job. It may be heritage, it may be retirement preparation, also it may be real estate planning. A personal small business wealth supervisor not only has to take care of the problems of a non-business proprietor wealth supervisor, but in addition, they have the duty to assist the company owner handle their biggest asset; their small enterprise.

It is around handling the company advantage that lots of wealth managers have difficulty. For the large part riches managers aren’t trained to consider value creation activities a company operator may want to confront.


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We have found that lots of small business owners we utilize are not certain how to convert their small organization advantage to cash flow once they retire. In addition, they are not certain whether that company asset will be big enough to let them retire (for the large part it is not).

This usually means a company owner wealth supervisor should assist the company owner know what their choices are. After the choices have been laid out afterward the riches supervisor should assist the owner make company decisions regarding fantastic management for the proprietor to choose.

The wealth supervisor does not need to become a specialist in all of the choices but it’s helpful for the prosperity supervisor to take a while to understand what the choices are.

I have been on a crash course to learn about lean production. I am doing so since it’s a superb alternative for all my customers to radically boost the money flow and value of their organization’s enterprise. I really don’t wish to become a lean pro but I really do need to understand why a company owner may want to put in a slender system and what measures are best practices.

From the private industry world supporting business owners generate value in their enterprise and their own lifestyle is exactly what wealth management is all about. What are the ideas on this? Do you believe a company wealth manager such as Netwealth ( for more about them) should understand business plans that may add value to the company and its owners?


Best Financing Tips

The better prepared your funding application is, the greater the chance of success. With the tips below you will come across as convincing and you have the best chance of success.

Present your company
Make sure the financier such as ‘Robert Lewandowski’ knows to whom he is providing the money. Provide a clear description of your company. How is your company structured in organizational and commercial terms, what is your market area, what plans do you have and what is the financial situation like? Provide correct and factual information, so that the lender can properly assess your company. Remember: You only get one chance for a first impression.

Make an inventory of the risks
As an entrepreneur you see opportunities. The lender also looks at the risks. Also state the relevant risks and how you can minimize the consequences of the risks.

Make the need for investment clear
Support your budget as much as possible with amounts based on quotations or quotations. In addition, make sure that you do not ask for more credit than is really necessary.

Provide a forecast
As an entrepreneur, do you have a realistic picture of the developments of your company in terms of profitability and cash flows? The opportunities and the risks? And what do you do if the turnover is much lower than expected? Do you still have financial scope for business (and private if necessary)?

Provide sufficient security
Security is collateral in the form of money, goods, or rights. Consider in advance what securities you can provide. Also, consider where financing could possibly be rejected. It is more difficult for companies with a shortage of collateral to obtain credit from banks.

Formulate exactly what you want
What amount do you want to finance, what terms, what securities and conditions are acceptable to you?

Take advantage of government schemes
It is much easier for a financier to promise to finance when the government guarantees part of the loan or when you can make use of subsidy options.

Short online check in advance
Are your plans realistic? Are you eligible for financing? With the short online financing check, you know whether your plans are realistic.

Arrange yourself or engage an advisor?
Lenders look at many different aspects when assessing a funding application. With the above tips, you can more easily convince the financier of your plans and ideas. You can do that yourself, but you can also make use of an advisor. Our advisors take a fresh look at your company and know what entrepreneurship entails. We know the (local) market and have access to a network of more than 40 lenders for SMEs. We know what a financier expects from you as an entrepreneur and we know the possibilities, also when it comes to government regulations. This way you quickly get clarity about your chances.

A Brief Discussion on the Advantages of Buying a Vehicle Over Leasing

In Australia, leasing a vehicle is an option available to small and medium enterprises (SMEs) that still don’t have credit track records or a collateral to offer.

Yet in the long haul of doing business, many Australian SMEs still prefer owning their vehicles since the benefits of ownership outweigh the benefits of leasing. In many cases, SMEs eventually shop around for the best financing options available to them by way of Australian vehicle loans.

Why Vehicle Ownership is More Advantageous Over a Vehicle Lease

While the main advantage of using a leased vehicle is the absence of insurance, repairs and maintenance costs, this particular benefit can be affected by certain terms and conditions included in the lease contract.

Additionally, leasing also provides opportunities of getting to lease a newer model at the end of each contract. Yet leasing a newer model will result in increased sales tax and higher rate of monthly payments. In contrast, if an enterprise owns the vehicle regardless of whether purchased outright or by way of a vehicle loan, the entrepreneur has the freedom to add upgrade features or modifications to make the vehicle more responsive to the needs of the business.

Although lease payments are tax deductibles as elements of operating expenses, an enterprise can still have the same benefit when using an owned-transport equipment or vehicle; via depreciation expenses quantifying the costs of wear and tear.

Monthly lease payments are usually lower near the end of a contract, but here’s the thing, after making monthly payments during the contract term, ownership of the vehicle reverts to the lessor. Even if an enterprise purchases a vehicle on finance, the monthly payments work toward ownership of a business asset.

Besides, a vehicle loan does not require payment of hefty upfront fees, as opposed to leasing where payment of a deposit and advance lease payments form part of a lease agreement.

While there may be other reasons why the benefits of buying a vehicle outweigh the advantages of leasing, an enterprise owner must make it a point to choose wisely when entering into a vehicle financing deal. The best way to go about this is to engage the services of a licensed finance broker, whose expertise and commitment as a loans adviser is not compromised by conflicts of interests.

What to Look for When Choosing a Finance Broker

After reading the reviews coming from a long list of satisfied customers who engaged the services of National Loans Australia, we can cite certain qualities possessed by reputable finance brokers.

In addition to being holders of bonafide Australian Credit Licenses, their experience in the field of providing financial brokerage services has spanned more than 24 years. That being the case, NLA continues to maintain well-founded relationships with more than 30 traditional and new banks and financing institutions.

Moreover, National Loans Australia has the ability to broker a broad range of financing deals for various vehicles, be it for a new or used car, motorcycle, boat, caravan or commercial vehicle; such as trucks, trailers or farm equipment. NLA can even help SMEs find the best commercial loan options to buy or lease a plant or to finance an agriculture business. NLA’s commitment to customers is to help find a beneficial financing deal by tailor fitting a loan based on how much a client can afford to pay.

The Way To Invest In Gold While In Canada

Gold Bars


Wish to spend gold in Canada? The very perfect method to put money into gold from Canada is to purchase physical gold in The Royal Canadian Mint, or even to put money into gold ETFs.

Together with the continuously increasing cost of gold, lots of Canadian investors have been taking another look at the physical merchandise. In the previous five decades alone, the purchase cost of gold has almost doubled, rewarding individuals who invisibly to this physical product.

If you are starting out as an investor, or have been you interested in the greater price of gold, then now’s the very ideal time to begin getting educated about exactly what makes gold a fantastic investment, and the way you’re able to add it to your holdings. Here is everything you want to learn about how to put money into gold in Canada.

Why Invest in Canada?

Gold is among the earliest investments ever, frequently sought out because of its rarity and malleability. Through the years, retailers would exchange gold coins involving themselves to cover services and goods. In addition, the expression”gold standard” came in the inherent worth of gold. If a thing is regarded as the very best of its course, it’s frequently compared with the worth of this pricey metal.

Nonetheless, its glow and workability aren’t the sole reasons gold retains a top price. Gold is among the most sought-after materials in the world for a lot of its attributes. Unlike other metals, the gold won’t corrode over time. And as it’s non-ferrous, it won’t rust. And since the planet’s supply stays now, there is enough gold to make coins and bars, but not too much it is going to wind up over-abundant and eliminate value.

Gold would be the cornerstone of these investment-grade valuable metals. Together with silver, silver, and palladium gold is usually in high demand among investors and collectors alike.

How Can I Locate Gold Investments in Canada?

Back in 2005, the Canadian government chose the movement to permit citizens to have physical gold as part of a Registered Retirement Savings Plan (RRSP). Ever since that time, investors are quick to bring concrete assets to their portfolios, even to the hopes that the cost will continue growing over time.

If you’re thinking about incorporating gold into your investment plan, there are 3 important methods to go into the gold industry.

  1. It’s possible to purchase and save gold.
  2. You’re able to put money into gold onto the Canadian stock markets.
  3. You’re able to put money into gold via an RRSP.

Each plan has its own advantages and disadvantages, and which is right for you will depend on your own objectives and general strategy.

Purchase Physical Gold Canada

The most direct approach to put money into gold would be to buy it straight. Now’s investment-grade gold comes in 2 kinds: golden bars or silver coins.

When most men and women consider gold, they frequently consider their one-kilogram trapezoid-shaped pubs sitting at a safe vault. These gold bars are all readily available to investors around the current marketplace but are extremely pricey. According to the current location costs, one-kilogram gold pubs may cost upwards of $60,000.

A cheaper alternative is one-ounce gold pubs, available in the Royal Canadian Mint along with other refiners across the globe.


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In the event you do not need to put money into gold bars, it is possible to even put money into gold coins minted from the Royal Canadian Mint as well as many others around the globe. These golden coins could be redeemed as regular money, or even to commemorate people and events. Similar to gold bars, the cost can fluctuate dependent on the burden and promote cost.

The largest benefit of investing in gold is in its own kind. Unlike stocks and ETFs that could change the value by the next, real gold is a real advantage — that may be bought, bartered, or offered at prices at or above the market price. However, the downside, you’ll be liable for keeping the stone, either in your house or inside a financial institution. Whenever some gold retailers provide a storage service, firmly storing it in their own vault or in a financial institution will incur storage prices as time passes.

Invest in Gold Canadian Stock Markets

If you’d rather not maintain physical gold, then you always have the option to put money into gold-based exchange-traded funds (ETFs for short). Firms like iShares, Sprott as well as the Royal Canadian Mint provide investment vehicles that will assist you to put money into golden, without even paying the high prices per oz.

The advantage of investing in a gold ETF is the fact that it divides the danger between multiple investors, together with qualified specialists making decisions concerning the management of the finance. Additionally, you’ll not need to be concerned about keeping physical stone, because most of it is accepted by the ETF. However, the downside, these resources could be volatile, and also vary in cost based on numerous market effects.

Prior to buying any ETF, make certain to read the prospectus and be certain it’s the ideal choice for your requirements.

Invest in Gold Throughout an RRSP

At length, Canadian law lets you put money into gold via an RRSP. This investment can arrive in two kinds: ETFs along with other capital, or possessing gold.

In the event you choose to bring an ETF for your RRSP, it is as straightforward as putting an order via your broker and holding as it fulfills your requirements. However, in the event that you prefer to acheter or (literally means buy gold in French), then you’ve got two choices: either buying gold coins by the Royal Canadian Mint or even holding pubs by a refinery licensed by the London Bullion Market Association (LBMA).

There are pros and cons to both methods. Like any investment, it ought to be carefully considered prior to a buy it’s made. Should you choose to buy physical gold to get an RRSP, then it is going to have to be held with a third-party custodian, that will confirm your holdings and then document them to the Canadian Revenue Agency.

Things to Search for Before Purchasing Gold Canada

Like every investment vehicle, profits aren’t guaranteed and will eliminate value with time. More to the point, not everything is as it appears online, which means that you may be purchasing fake merchandise on the incorrect site. So how can you ensure you are buying Gold Canada?

In the event you choose to purchase physical gold, then make sure you do your homework in the business you’re purchasing from. The Better Business Bureau provides independent reviews about businesses, although the LBMA’s membership record is accessible to the general public. Make sure you read the comments and assess memberships of those traders you opt to work with, to make certain that you’re receiving the actual thing.

If you prefer to go the ETF path, then think about all of your options carefully. Before settling on finance, make certain to read the prospectus to comprehend the way the gold has been held, who’s the custodian of this gold, and the way decisions to purchase or sell are created. Simply invest as soon as you realize the financial objectives, and are convinced that it matches your general plan.

Even though it might appear expensive to put money into stone, it can be a rewarding addition to a portfolio when done correctly. By doing your study and deciding the way to incorporate gold into your own investment plan, it is possible to make certain you’re investing in gold in Canada exactly the ideal way.


Debt Collecting – When To Hire A Professional Debt Collection Agency

It is unescapable for a few clients or customers to have some trouble in promptly paying their debts. This has turn out to be a common set-up particularly when the economy isn’t doing well. No matter which industry your company or business belongs to, unpaid dues or bad debt are inevitable. But, these kinds of debts can hinder the progress of the business since it considerably limits the cash flow.

Regardless the size of the business or company, it can suffer at some certain point because of unpaid or bad debts. While big businesses can most likely handle debt collecting, small-scale businesses rely on the repayments of debts so as to survive in the industry and market. In extreme instances mediocre debt collection process can bring about the downfall of the business because of the lack or the absence of cash flow especially when needed in critical phases of the business operation.

When Is The Right Time To Hire A Debt Collection Agency

Agencies that specialize in debt collecting, such as Frontline Collections, play a very crucial part in the process of debt collection. With a reliable debt collection agency, this can save you time, resources, preserve a positive rapport with customers or clients with unpaid accounts, and above all ensure the continued existence of your business by decreasing the risk of bad and unpaid debts.

While there are several ways to collect overdue debts from problematic customers, there will be situations wherein you may need the expertise of a professional debt collection firm. So, how will you know when to seek the assistance of debt collection experts? Here are a few:

Inadequate Internal Resources

For small businesses or companies with only a few workforces, coming with enough resource to go after unpaid debts without disregarding the other essentials in the account ledger can be difficult. Often, with limited employees, the individual assigned to do the task may not have the necessary knowledge and skills to successfully retrieve the payments. If this is the case, consider hiring a reliable debt collecting firm as they have the know-hows to do the job right.

Internal Collection Initiatives Are Futile

When all of your internal collection initiatives are futile and fruitless, it is high time that you hire an expert to help you retrieve these unpaid invoices. If not, it would be much more difficult for you to recover them if left unchecked and not followed up. A reliable debt collection company with an excellent debt recovery rate, you will be certain that they have an established and effective debt collection practices and strategies to bring you satisfactory results.

Client Disputes the Unpaid Invoice

If your clients or customers refuse to take accountability for the debt or perhaps are making an attempt to evade payments, hiring an expert can be very helpful. A debt collector will serve as a mediator to have a better knowledge and understanding of your clients’ or customers’ reasons for delaying or refusing payment, as well as take into consideration your T&C sale to evaluate the feasibility of their complaint or claim. With the help of the debt collector, a solution can be made that will benefit all parties as well as resolve disputes to recover payments.

Making the Most Of a Personal Injury Claim; But Will the Amount be Deemed Reasonable?

Recovering costs incurred on personal injuries suffered from a car crash could be as simple as getting paid by the insurance provider of the driver at fault. If the car collision resulted to more than just bodily injuries and damage to property, the aggrieved party has the right to claim more than just the medical expenses and cost of repairs, but also for the resulting “pain and suffering”

However, claims for costs of “pain and suffering.” is a subjective matter, which most third party insurance companies will not readily agree to when they deem the amount unreasonable based on their calculation, If the injured party remains steadfast with his claim, and his lawyer gives advice that the matter is worth bringing to court, a lawsuit may be filed in order to enforce payment.

Filing a Personal Injury Lawsuit as an Effective Method of Demanding Payment of Claim

Filing a personal injury lawsuit involves incurrence of litigation fees and other related costs borne by both parties. Yet it is also deemed as effective in forcing the insurance company to offer a settlement amount considered as reasonable by the complainant. Still, filing a lawsuit does not always work in favor of the party claiming settlement as the third party insurance firm may also consider the claim for compensation as worth challenging in court.

If so, both parties will be burdened with hefty litigation costs, as trial proceedings often take time before a court ruling can be obtained. Oftentimes, claims for compensation other than for medical expenses and damage to property will be examined closely to determine if the amount being claimed as settlement is reasonable or not.

Aside from Medical Expenses and Value of Property Damaged, What Other Personal Injury Costs Can be Claimed ? 

When a personal injury claim is brought to court, the injured party or plaintiff will be under advise by his attorney to include other claims on top of the medical expenses and value of the damaged property.

Personal injury claims may include values for lost income as well as for ”pain and suffering.” Depending on the seriousness of the bodily injuries sustained and/or the recovery period, claims for permanent disability or permanent disfigurement, combined with resulting emotional suffering can also be included in determining the amount of personal injury claim.

Quantifying those components into amounts is often the bone of contention. The traditional methods of calculating claims are by multiplying the value of medical expenses incurred plus the lost income; or by determining a per day value of personal injury loss based on medical bills and lost income.

The multiplier can be the conventional 3-year factor, or the number of days by which the plaintiff is expected to live without income. In such cases, younger but seriously injured plaintiffs can demand higher settlement as they had the potential to earn income for a longer number of years, were it not for the car crash injury.

Nowadays, insurance companies use complex software programs in determining the values by analyzing the seriousness of all factors surrounding the personal injuries. The value arrived at will then serve as the benchmark on what to offer as settlement. However, when a lawsuit is filed, the potential litigation costs will be acknowledged as a determining factor. Yet if the plaintiff will also be burdened by litigation costs, the insurance company will hold out until the plaintiff caves in into accepting a lower settlement offer.

Still, as there are now pre settlement lawsuit financing entities, plaintiffs claiming for personal injury compensation who have great potential of winning their case, simply seek for a lawsuit loan from among the best companies doing business in their region

Judi Bola – Getting Into Sports Betting And Online Betting

Soccer enthusiasts show support to their favorite team and/or player not only by watching every match they have and buying merchandise that carry the names of their much-loved team or player, but also by engaging in sports betting to place their wagers on them. They enjoy the game while at the same time get a chance to win some cash.

Many individuals wager on various types of gaming and sporting events, and for those who would want to wager on soccer, doing so has become much convenient and easier with the Indonesian judi bola. While there are a lot of online sports betting websites that provide a lot of odds and options for soccer betting, bettors need to be certain they are on a secure and safe website.

Vital Considerations

Online sports betting, which includes soccer betting, has become widespread in many nations across the globe. There are a lot of perks when engaging in online sports betting. However, keep in mind that money is involved. Regardless of the amount of wager you place, that is still money and you want to ensure you place your money on a gambling website that is trusted. Although judi bola and other credible sites provide this, there are vital considerations to take note of to make sure you make the most of your online sports betting experience. Below are some:

  • 24/7 reliable customer service
  • Wide variety of odds and gaming options
  • Diverse transaction methods
  • Bonuses and rewards

Benefits of Choosing a Trusted Gambling Website

Sports betting and online gambling in general are undoubtedly entertaining and exciting, however they could be risky when you aren’t careful. Therefore, always choose a gambling website wisely so you could reap the many benefits it offers. Let’s have a look at some of the major benefits when you do so.

  • Get Value For Your Money. To simply explain, the fact that you don’t need to spend on transportation just to get to a land-based casino to play or any physical gambling establishment to place your bets on a certain sporting event, you already get value for your money since you could do all of these by simply using your smartphone or computer.
  • Get Worldwide Access. When playing at an online casino, you get to play and compete with other players across the globe in games like live poker. On the other hand, in terms of sports betting, you also get to take part in other gambling market such as the Asian sports betting market through judi bola.
  • Get To Enjoy Free Games. Another benefit that players enjoy when engaging in betting at a credible and trusted gambling website is the free games they offer. A lot of online gambling sites do offer free games or free versions of some games to give its members and potentially new members a chance to try them out as well as to learn and understand the game better.


Behavioral Changes Among Online Casino Customers Due to Economic Crisis

While the online gambling industry remained steadfast during the initial surge of COVID-19, slow economic recovery followed, even when lockdowns were lifted. As a result, regular online casino customers are showing certain changes in gaming behavior. After all, they need to be frugal when gambling amidst the uncertainties posed by the global economic crisis. .

The changes in customer behavior are rippling theoughoutn the online gambling industry since not a few online casino operators are starting to feel the pinch of low customer engagements. Yet as operators of real money online gaming sites, they must be responsive by making adjustments when it comes to addressing concerns, particularly when processing requests for withdrawal of winnings.

That way, they can stay true to their promise of providing rewarding experiences instead of adding to the financial worries of patrons. Other gamblers will seek online gambling entertainment as a form of relief for anxieties, and the first thing they will make sure of is the trustworthiness of a virtual gambling site.

Why Most Gamblers in Southeast Asia Still Engage in Online Gambling Despite Prohibitions

Although gambling in Asian countries like Brunei, Thailand, Singapore, Malaysia and Indonesia is not recognized as legal, gambling in online casinos remains a popular pastime. Mainly because their favorite online casinos and betting sites are taking steps to make sure their patrons are playing in a safe and secure environment.

918Kiss: An Example of a Safe and Secure Asian Online Casino

918Kiss online casino for one, offers its betting products and services only by way of mobile gambling. Doing so will keep the betting transactions private and hidden from prying eyes.

Its mobile gambling technology uses Virtual Private Network or VPN, instead of using the platforms of Internet Service Providers (ISPs). That being the case, all mobile gambling activities and transactions transpiring between the online casino and the mobile casino gambler will become unreadable to ISPs, government agencies, law enforcers and even hackers.

On-the-Spot Mobile Casino App Download

When opening an account with 918kiss online casino, a registering customer has to carry out the entire processes through the website of a trusted 918Kiss agent or affiliate. Starting with the mobile application download, the agent’s website provides the APK (Android) or iOS-ASP files that will enable registering customers, to successfully download the 918Kiss mobile app right on the spot.

Privacy of Communication via Whatsapp or Telegram App

Once the mobile app gets installed in the device, the onboarding process takes place with the help of a 918Kiss support staff. Communication between the assisting staff and the registering customer will be coursed through another app, either the Telegram or Whatsapp. This is another security feature to ensure that any exchange of messages between the two are kept private using proprietary encryptions.

Compliance with Identity Verification Procedure

As in any regulated online gambling site, the support staff will verify the identity of the registering individual. If no problem is encountered, the 918kiss staff will proceed with the onboarding process by helping the customer make the initial deposit. Once completed, the support staff will provide the new customer with a password to use when accessing his or her 918Kiss online casino account and the broad selection of games listed in the dropdown menu.

24/7 Assistance in Processing Deposit or Request for Withdrawal

When withdrawing funds or placing additional deposits, 918kiss customers will follow the same procedure of communicating with a support staff, either by way of Whatsapp or Telegram. One will always be available to provide assistance 24/7 at an agent’s website, and address any concerns, including facilitating of deposit or immediate processing of withdrawal requests

How professional corporate financing works

The forms of corporate financing can be differentiated according to the origin of the capital and the legal status of the investor. Depending on the origin of the money, they are further divided into internal and external financing.

Financing according to the origin of the capital

Where does the money come from? The central question is how to differentiate between internal and external financing. These two types of financing can still be divided into equity and debt financing, depending on the type of capital that flows into the company.

Internal financing – from your own resources

The funds for financing the company from within are generated from their own resources, for example, the profit made. Traders can use this for new investments. Another form of internal or endogenous financing is redeployment. In doing so, they sell machines and office equipment that are no longer needed. This type of fundraising is particularly useful for restructuring. Internal financing also includes raising funds through depreciation and provisions. It can also include investing in forex trading sites.

External financing – with the help of external donors

With exogenous or external financing, the company receives money from outside. Often the capital injection takes the form of credits and loans. Leasing and factoring are also part of the external inflow of funds.

Another possibility is the provision of additional capital by the founders or the shareholders. You add money to the company from your private assets and thus increase the deposits made by you as a trader.

Financing according to the legal status of the investor

Depending on whether the money is available to the company as equity or not, a distinction is made between the two types of equity and debt financing.

Self-financing – participation in the company

Self-financing is also called equity financing or deposit financing. If money is added to the company that is transferred to the company’s equity, it is referred to as self-financing. A corresponding inflow of funds can be made against the issue of shares. The money brought in is then available to the company in the long term. The equity ratio of trading provides information about how high the share of equity is.

Forms of financing: external vs. internal financing

When a company needs fresh money, there are a seemingly endless number of types of funding available to them.

Why is funding so important?

Companies need fresh money on a regular basis.

The most common reasons for funding are:

  • Initial investments in order to be able to start a company in the first place
  • Cover costs for product development
  • Financial bridging of the time between delivery of goods and payment
  • Investments to expand the company or individual business areas
  • Whenever a company wants to develop further, it needs money.

Internal and external finance: where does the money come from?

The first way to differentiate between the various forms of financing is based on the origin of the money: Where does the money for the financing come from?

Internal financing: money from your own company

With classic internal financing, the money comes from your own business activities. So no outside help is needed to raise the necessary sums.

The most important and simplest example of internal financing is profit. If the business is successful, the company can make a profit from it. This money can then be used to finance various measures, such as investments in further training for employees or to expand production. Some businessmen won in online gambling platforms such as bandarqq and used the money to start a business.

External finance: money from external sources

With external financing, the capital does not come from the company itself but is brought in from outside. There are various ways of obtaining external financing.

The simplest case in practice is to increase the deposits. The shareholders make additional money available from their private assets. The concrete implementation is relatively simple. However, it must be remembered that the shareholders generally only have limited capital. This form of external financing is not particularly suitable for larger sums.

This problem can be solved by adding new shareholders to the company. They invest their money in the company and receive company shares in return. This method is often used in young companies, for example, as the chances of getting a classic loan shortly after the establishment are often very low.

How Exchange Rates Affect Companies

To have a better understanding of how exchange rates affect companies, it is primarily important to understand the factors that affect currency value. While there are many factors that cause currency fluctuations, interest rates, and economic growth are two of the main reasons.

What Influences Exchange Rates?

  • Interest rates. Currencies are directly affected by interest rates. The higher the national interest rate, the stronger the local currency. Higher interest rates naturally attract foreign investments, which leads to growing demand and an increase in the value of the local currency. High-interest rates promote the flow of money into a country and strengthen the currency value.
  • Economic growth. A strong economy is always the backbone of a strong currency. In a country that is blessed with strong and steady economic growth, the central bank usually raises interest rates to cope with inflation because higher interest rates affect the local currency.

With these main factors in mind, you will have a better understanding of how exchange rates can affect your business. Below are some areas on which your business could be affected.

How Changes in Exchange Rates Impact Business

  • Balance sheet. The effects of exchange rates can be serious for corporate finance directors. Loans, assets, and liabilities all have to speak the same financial language, while the moodiness of exchange rates is an additional hurdle. Financial reports are carefully checked and, at the same time, represent an essential building block for any company that wants to be taken seriously.
  • International trade. This scenario shows most clearly to what extent exchange rate fluctuations can have a major impact on companies. The export of goods overseas means that the cost of manufacturing the goods is calculated in a different currency than the one in which they are sold. If two currencies are in the supply chain, your company could make big profits, but it could also make big losses.
  • Fuel Costs. Everyone is affected by fuel costs, but they are not just relevant to your household budget. If a country imports fuel from abroad, a change in the market exchange rate can adversely affect the entire economy and, as a result, affect domestic companies. The devaluation of a national currency goes hand in hand with an increase in transport costs, which means that the transport of goods is directly affected.
  • Tourism. Although currency devaluation is generally seen as a bad sign of a country’s economy, companies can benefit indirectly from it. Tourism is a prime example of how currency devaluation affects companies. Countries like Greece, Cyprus, and Spain concentrate a significant part of their respective economies on tourism. As soon as their currencies are devalued, they immediately become a popular destination for travelers, tourists get more for their money. If you change your money into the local currency, you can afford first-class accommodation, food, and general leisure activities.
  • Mergers and acquisitions. Companies are assets. Like every asset, they have their price. In times when the local currency is devalued, companies are devalued and thus become optimal candidates for mergers or acquisitions.


As a final thought, the fluctuation in the exchange rate directly impacts many companies both locally and abroad. It is also, in this context does Forex trading works. You can get more information about the Forex market and Forex trading from a good broker like the Pepperstone. Want to know more about them? Read the Pepperstone review from WeCompareBrokers.

What You should be Doing before Launching Your Business?

Opening and running a business is indeed difficult. It doesn’t matter who you are or what you do, business is business. But at the end of the day, there is no doubt that you are going to make mistakes as you go through of its management. It is completely fine actually. That being said, with all the experience that other entrepreneurs and businesses have under their belt, among the beneficial moves you may do for your business is by learning from their mistakes.

Through this, after getting your lån uten kredittsjekk, you know that you can make the most out of it and avoid mistakes from shaping. What can you do then, if you may ask? If such a case, read the next points below:

Failing to Plan

There’s an old adage saying that, “when you fail to plan, you are planning to fail”. Among the typical business mistakes that startups are making is not having a concrete plan for their business. Without one to give direction to guide your business and growth, you will be struggling to make decisions, acquire loans or even attract new investors on board.

What you can do here is to familiarize yourself with tools that can assist you in writing a business plan.

Being Lazy to do Market Research

There are entrepreneurs who are starting a business who based everything on a survey of their family and friends and believing that it is a great idea. It’s a good thing that there’s somebody who believes you. Though these people will not be enough in sustaining your startup and survive. Not having well-defined and targeted market, your business is going to struggle to compete. With this said, you should not be making this very common mistake.

So rather than conducting in-depth market research in pinpointing your audience as narrow as possible, it is recommended to utilize secondary sources similar to census data as well as primary sources like holding a focus group or surveying your prospective customers to do your research and gather valuable information that you can.

Picking the Wrong Type of Business

Do you have a C corporation or a sole proprietorship business by default simply because this was the standard way of doing it? Making quick decisions in forming your business may make you susceptible to legal ramifications, making it difficult to raise a capital or even entangle you and your business in a red tape. So right before you launch your business, talk your goals and plans with an accountant and lawyer as they can help in assessing your situation and also, your plans in the future.

Inspirational Quote about Finance: "Making money is a hobby that will complement any other hobbies you have, beautifully."