Running a business from home

When it is practical, running a business from your home can provide a number of very material – as well as eco-friendly – advantages. This includes the fact you will not have to pay for additional premises, a non-existent commute, and easy access to all the amenities of your home. If you intend to run a business from your home, there are several steps you should take. Continue reading “Running a business from home”

Understanding coverage of income protection insurance

Uncertainty is a part of our lives these days, and it affects all walks of our lives, including our jobs. You could well be driving merrily to work when you feel that twitch at the backside, only to be diagnosed with a kidney that needs immediate surgery! Diseases and accident could out you out of your job for extended periods, so much so that you will expire all your sick leaves and will end up being away from work without any pay. How do you plan to manage our expenses, when it’s likely that you would need a lot of money to pay the medical bills? Insurance is something that protects you against all these uncertainties of life, and income protection insurance is what helps you manage your life well even when your income ceases to exist. Here is everything you need to know about income protection insurance, apart from the fact that when you qualify for payment, it gives you the pre decided amounts as per the terms of payments agreed upon. Continue reading “Understanding coverage of income protection insurance”

How to Sell Your Business in 2014

Now that the economy is recovering many businesses may look into selling up as more people will be looking to buy. There are many reasons people consider selling a business: it may be due to reaching the age of retirement, financial issues or even boredom. If you are thinking of selling because you are facing issues outside of work, such as divorce or bereavement, consider if now is the best time to sell, when you are possibly not in the right frame of mind to think clearly. Is there anyone who can take over some of the responsibility of handling your business in the meantime? Continue reading “How to Sell Your Business in 2014”

Car Title Loans for Beginners

Once upon a time there was just a bank loan – and this made everyone’s life simple. We all knew to turn up in our suit, mind our P’s and Q’s with the bank manager, and we’d get a black and white loan. Unfortunately, life’s not that simple anymore. It’s not just the high-street banks which provide such lending power, there are now countless other firms which are able to provide quick bouts of finance. While some of these loans have come in for criticism over the years, the beauty about them is that they quash any red tape that the banks once provided. In short, they’re much more accessible. Continue reading “Car Title Loans for Beginners”

5 Simple Steps: How to Conserve Your Firm’s Cash

The global economic crisis of the last few years has done enough to encourage small firms to tighten their belts and prepare for the inevitable financial peaks and troughs that business brings. Whether you’re just starting out or you’re a seasoned business veteran, entrepreneurs with success on their mind should be prepared to stop dreaming and start acting. Continue reading “5 Simple Steps: How to Conserve Your Firm’s Cash”

How To Avoid Business Insolvency

 The world of business is tough and competitive, and the sad reality is that up to 80 per cent of all new businesses will fail within the first five years. So how to avoid this eventuality? Fortunately, there are ways, and the most effective ones are listed here. Continue reading “How To Avoid Business Insolvency”

Pros and cons of structured settlements – a refreshing overview

Structured Settlements have been a part of our lives since the 1970s. There are some known advantages and the unfortunate disadvantages attached with them that are difficult to ignore. Over so many years of its inception and usage, one thing is clear that it is one of those funds that do benefit the claimant and help secure his family for a long time through periodic settlements or by making provisions for a lump sum amount should he choose to sell a part of it. The Government has made honest efforts all the way to help people gain from the scheme by making it tax free and by applying judicial watch over the sale of the same. However, there can be some definite cons of the Structured Settlements too that can be classified. Continue reading “Pros and cons of structured settlements – a refreshing overview”

How to Become a Commodity Broker

Commodities Futures Broker (CFB) and Stock Brokers, both reside in the financial industry, but when you think of the quantity and possibly quality, Commodities Futures Broker are unique. CFB’s are – in a very specific niche of the futures, commodities and options world. There are close to a million stock brokers, and less than a one-hundred thousand CFB’s. Online trading, truly turned everyone into a “stock-broker”, in that, anyone can buy stock, and operate mutual funds. On the converse, when it comes to the actual trading of commodities, there is no general set rule, or a model with commodity trading. However, if you are looking to become a CFB, there are two key avenues to consider, before stepping into this arena of the financial market. Continue reading “How to Become a Commodity Broker”

Utilizing personal loans to fund your new business venture

For businesses that need a small to moderate amount of funding for start-up costs, getting a personal loan may be easier than getting a small business loan. Because many small business ventures are prone to failure and the assets of the business often secure the loans, most banks have stricter lending policies for small business loans. For example, if you run into trouble and it looks like your business is failing, the bank may ask you to pay back the loan in full whereas that is not as likely with a personal loan. Here are some suggestions on how to obtain a personal loan from sources other than traditional banks and how to use the money to fund your new business. Continue reading “Utilizing personal loans to fund your new business venture”

Cryptography in the Banking Industry

Business Frontiers, Vol. 1, No. 1.

Title: Cryptography in the Banking Industry.

Publication date: Oct, 2012.

Authored by Arpan K Kar, Supriya K Dey

This paper can be cited as follows: Kar, A.K., Dey, S.K. (2012). Cryptography in the Banking Industry. Business Frontiers, 1(1), 1-7.

Abstract: The development of cryptographic techniques has seen a lot of applications in the banking industry. This whitepaper focuses on the review of the major cryptographic techniques which has been used extensively in the banking industry, for the implementation of data security norms and the fulfillment of compliance requirements. While techniques have not been described in details, the focus has been on exploring the business implications of these developments.

To download the whitepaper, please visit this link: Cryptography in the Banking Industry

Keywords: Cryptography, Banking, Security, Finance industry

Business Frontiers is a premium series of refereed open source white-papers on critical emergent issues and classic topics in business and management including but not limited to marketing management, technology management, e-business, finance, economics, human resources, organizational behavior and general management. Articles published as open source white-papers in Business Frontiers are copyrighted using a Creative Commons Attribution 3.0 Unported License. Please visit the publication page for more details on Business Frontiers. For submission of original articles for publication, please read the Guide for Authors and the Call for Papers.

Why should you use a Business Credit Card?

Starting a business is a dream for which an owner plans and prepares. Market research is done to ensure there is a market for the product or service and that it is an area of need for potential customers. You check out a location for a storefront or office and plan all the different ways you’ll be able to promote your business.

What is a Business Credit Card?
A business credit card is much like a personal credit card. A business credit card extends the credit available to the business. When financing is tight, the business credit card can be used to pay bills and buy supplies to keep the business afloat.

Costs
Everything seems to be coming together until you start adding up the costs for starting the business and for keeping it going for a year until there is a regular income stream coming in. There may be costs for licenses or other government requirements, costs for space, internet access, equipment, supplies and employees.

Business Planning
A business plan is a must for making sure an owner covers all the bases and doesn’t lose the dream due to poor planning. A business plan includes listing all sources of potential financing. These may include personal savings, taking out a mortgage on a home or other property and loans from the banks, friends or family. These are all fairly fixed amounts, but business expenses ebb and flow.

Not a Personal Credit Card
Business credit cards often offer different terms than a personal credit card. They also have the larger credit limits required to efficiently run a business. Of course, like a personal credit card, anything spent has to be paid back.

Use Judiciously
Credit cards are loans and owners need to take care to use a business credit card account wisely. Paying back any funds spent needs to be part of the overall business plan. Like personal credit cards, there is the temptation to consider the credit free money and overuse the card. This can undermine the solid financial basis of the company. However, there are good reasons to use a business credit card.

Accounting
Accounting can become a nightmare for the small business owner, especially when supplies and products are purchased with different accounts. Keeping receipts together can get frustrating and putting everything together difficult for an owner who already has way too much to do just keeping the business running.

If, however, everything is purchased on a business credit card account, the business will have all expenses listed in one place. The owner can quickly check when something was purchased, where it was purchased and for how much. This proof is invaluable should the government call into question, at tax time, whether something was purchased and whether one or more purchases qualifies as a deductible expense. A business credit card also keeps tabs on the purchases of employees.

Perks
Business credit cards, depending upon the card, offer a variety of perks that assist the business owner from discounts on supplies to free flying miles.

Author’s Bio: The articles of Ethan Grunt have been proving very useful for the customers who look forward to get information on business credit cards. He suggests them to visit Businesscreditcards.com for further information.

How to Use Free Finance Calculators to Save Money

Free financial calculators are one of the best tools for managing personal finances and saving money. These calculators enable you to stay on the right track with your finances. All you have to do is enter the details of your financial position in the free financial calculator. It will provide you an output consisting useful information on how to use your money in the most appropriate manner. Continue reading “How to Use Free Finance Calculators to Save Money”