A consumer proposal is an agreement worked out with your creditors through or in the presence of a licensed bankruptcy trustee. Consumer proposals serve as an alternative to bankruptcy and are becoming the preferred solution for many debtors. To most creditors, a consumer proposal is better than bankruptcy because of the potential returns it offers. In Canada, the number of proposals went up by 5.4 percent from 2012 to 2013, a clear indication that this type of agreement is on the rise. Here’s what you should know:
Consumer proposals will affect your credit rating, but less than bankruptcies
Credit bureaus receive a report whenever someone files for a consumer proposal. The R7 note attached means you have negotiated an agreement to pay your debts. Although the R7 isn’t desirable, it’s still better than the R9 note given for bankruptcy. The poor credit score is because debtors have a history of missing payments. But thanks to consumer proposals, borrowers can now make a fresh start and rebuild their credit score.
Consumer proposals settle unsecured debts
Consumer proposals only take care of unsecured debts such as credit cards, lending margins, and unpaid bills, which is why you will be able to keep your vehicle and house. Since your secured debts remain, you have to maintain regular payments if you want to keep the assets involved.
You will be making just one monthly payment to your bankruptcy trustee
If you file for this type of agreement, you will have to make monthly payments directly to your trustee. Administrators are then responsible for distributing the money based on each creditor’s percentage of the total amount owed. Remember, missing payments might void your proposal. The Chande & Company Inc. website is a useful source of information and resources.
The law protects whoever files for a consumer proposal
Since this type of agreement exists under the Bankruptcy and Insolvency Act, consumer proposals benefit from the same legal protections as a bankruptcy. As such, you will be protected against related lawsuits or garnishments. It’s worth noting that you will not find this in debt consolidation or any debt settlement program.
Consumer proposals can be completed within a much shorter time
Even if you filed a proposal with a payment period of 60 months, you could still make your payments at a faster rate. Nothing prevents you from paying back in less time than what you agreed to with your creditors. This aspect might come in handy if your economic status happens to change. If you were to get a salary bump, win the lottery, or inherit some money, nothing would keep you from paying back as quickly as possible. In such circumstances, everyone wins. You will be done with your proposal a lot sooner, which might suit your credit rating, and your creditors will get their money back faster.
Canada has experienced about a 21 percent increase in first-time online buyers becoming frequent ecommerce shoppers in 2015. This could be a sign that any logistics company will have an increase in revenue.
eCommerce Sales Predictions
In 2015, about 41 percent of Canadians already considered themselves occasional online shoppers, and this number appears to be growing every day. Many of the merchants are from other locations such as the United States, so this could mean more opportunities for international supply chain consultants.
International shipping is likely to continue. However, there are concerns about how much deliveries will cost when crossing the borders. In any case, efforts are being made to provide the best possible prices to Canadian citizens for American products.
Common Online Shopping Concerns
Besides security, convenience is one of the top concerns that online shoppers have. For instance, 35 percent of Canadians abandon a shopping cart. However, they reportedly say they do so if shipping costs are miscalculated upon checkout. Therefore, the warehousing companies who deliver to Canada will probably increase profits if they provide accurate shipping information. They also are more than likely to keeping ordering online if the merchant has a seamless, checkout system.
Another important priority for online shippers is exchanges and returns. This, in fact, is a universal priority and not just for Canadian citizens. People are only limited by what they see in photos and videos along with online descriptions when they order items. Therefore, they want to know if they can have their money refunded or merchandise replaced if an orders is not fulfilled as planned.
International Versus In-Country Fulfillment
One type of international shipping is called Delivery Duties Unpaid, which involves shipping items with no duty cost to the consumer. However, DDU shipments usually results in additional fees owed upon receipt of item. For instance, the customers might be required to pay for customs, brokerage fees and sales taxes not yet calculated.
Therefore, warehousing companies might instead use Direct Entry Fulfillment. In this case, the shipping fees usually reflect the cost of delivery based on the destination country’s fees. This type is also known as DDP, or delivery duties paid. On the contrary, all orders could be shipped using In-Country fulfillment. This involves offering items that are only obtained from Canadian supply chain consultants. For more information, 3PL Links is a helpful website with additional resources.
Although less expensive international shipping services are becoming more popular, ordering directly from the destination country usually seems to make the most sense. It usually makes shipping to a location within that location easier.
Commercial real estate has always been better deals compared to residential real estate. The properties exhibit higher cash flow, advantageous economies of scale, and the relatively open market, not to mention cheaper cost on property management services due to the larger supply of commercial property managers. But before you congratulate and pat yourself in the back for making such a pragmatic and profitable decision, you’ll have to learn how to best analyze commercial properties first. Interviewing a large group of experienced and successful commercial property investors, here’s 5 takeaways on how they analyze the market including why you should hire a commercial real estate consulting firm.
Research the Basics
Commercial property research establishes a solid foundation before you take on more complex terms, concepts, and analytical tools. Before researching a commercial property, ask yourself critical questions, such as what kind of property are you looking to invest in, what your risk tolerance is, your competence and/or willingness to assume a landlord/landlady position for the property, and your financial capacity to fund such investment. Research commonly used terms, such as Loan-to-Value ratio, Capitalization Rate, Vacancy Rate, and Ad Valorem.
Think About What the Pros are Thinking
If you want to be a big player in the commercial real estate market someday, you need to learn how the pros think, particularly how they analyze good buys from toxic ones. For instance, understand how professionals undertake commercial property risk management. Income generated by commercial property will depend on the usable square footage, which is simply not the case for residential units. To develop a mindset that is homogeneous to a professional’s way of thinking, read books written by experts, follow them on social media, and attend webinars and in-person conferences.
Ask a Ton of Questions
When you get commercial property consulting, ask all the questions you can think of regardless of how unintelligent it might sound. When choosing a commercial property consulting firm, ask how much experience they have in the niche, what specific commercial properties they specialize in, such as barber shops or convenience stores, and what other services are they prepared to offer aside from initial consultation.
Assemble a Good Team
Commercial real estate consulting professionals aren’t the only ones you should be working with to make the most informed decision possible. There are other experts along the way that you may need to get help from, such as a mortgage broker, lawyer, and commercial broker. A good accountant will also serve as a valuable asset to figuring out business financials, maximum tax benefits and in-depth operating budget analysis.
Focus on a Specific Location
Narrow your search within a specific location, particularly in a neighborhood you are familiar with. While most will argue that such tip would result in limited investment opportunities, experts like the idea of being able to focus your search on a specific location as this leads to better quality analysis of properties. Spreading your time and energy too thinly will only make it more complicated since you end up having too many things to keep track of. The Altus Group website is a good reference if you want to find more information online.
Why do so many people turn to bad credit loans when they need money fast? The answer is simple. Bad credit personal loans are easy to apply for and even easier to receive. There is no credit check and the money can be used for anything the borrower wishes.
Secured Versus Unsecured Loans
There are two main types of loans: secured and unsecured. Secured loans are the kind that a credit union or bank gives out to their borrowers. A secured loan is backed by assets or collateral. Borrowers typically put up some type of collateral, such as their home, to get a large loan from the bank. For smaller loans, the lending company will at the very least check the credit history of the borrower to make sure they are not a risk.
There are also loans for people with bad credit, and these are known as unsecured loans. This type of loan allows a borrower with no collateral and/or bad credit to get a loan from a money provider with no strings attached. They will never be asked to put up any type of collateral in order to receive cash, nor will their credit history be scrutinized. Bad credit personal loans are perfect for borrowers who may have blemishes on their credit report but are still able to repay the loan.
How to Apply for a Loan
Applying for loans for bad credit situations is easier than it ever was. Years ago, borrowers would have to find a local storefront that dealt with cash advance loans. They would have to drive there, wait in line, provide hard copies of pay stubs and then fill out paperwork at the window. If you were approved, you were given the cash that day, but would have to come back to the building again to repay the loan on your next payday. It could be very time-consuming trying to get a quick loan.
It’s much simpler nowadays. You only need to log onto your computer, phone or other device and pull up a bad credit loan company. You’ll be asked a series of questions concerning your personal and banking information, as well as your source of income. Depending on the loan company you apply with, you may use your place of employment for proof, or your social security, disability or pension benefits. The whole application process can be completed online. There will never be a need to call and talk to a representative unless you have questions or concerns. The money that you can borrow is sent directly to the bank account that you supply on the application. When the loan is due back, the company will directly withdraw it from the same account.
It’s easy to get a bad credit loan when you are looking for fast cash. Understanding the ins and outs of these loans can help you become a responsible borrower and keep you from accidently getting into debt. More resources can be found at We Loan Money,or speak with one of their experts if you require additional insights.
The variety of auto accessories available for today’s new and used cars is immense. From the interior to the exterior, the only limiting factor on how consumers can accessorize their vehicles is their imagination. Everything from style, safety, to performance, connectivity, comfort and anything that you can envisage can be enhanced with accessories.
To an auto dealer, accessories can offer a wide range of benefits—beyond simply revenue. According to auto accessories experts, 4 in 10 buyers are influenced to purchase new and used cars from particular car dealerships simply because accessories were available at the time of purchase.
But is stocking accessories all that you need to grab the slice of the accessories profits pie? Actually, it is not! You need to strategies to thoroughly market them and sell them too.
Make Accessories Sales Part of Your Car Dealership Culture
Have a process in place to show your sales department the best practices when it comes to auto accessories sales—when and how to present auto parts and service that you offer to the customers.
The best time to sell accessories in your dealership is after the customer has committed to making a purchase but is still waiting for clearance from the Finance and insurance department. At this stage, the customer is already excited about the new car and it is the best time to fold in the accessories purchases into the price of the car.
Play with your pricing
Many customers get worried about the price, so endeavor to come up with strategies that can ease their minds. For instance, you can vary duration, purchase price, and monthly payments so that they have the liberty to choose a payment plan that won’t appear to be a big bite out of their budgets.
Just like timing, presentation is very crucial when it comes to selling auto accessories. Don’t just give your customers list of available accessories that you stock and ask them what they may be interested in: strive to show them how the accessories will look in their vehicle. You can also show them an accessorized vehicle that you have in your dealership. Either way will be effective—it all depends on your car dealership style and your customers.
Irrespective of the type of your car dealership—new cars, used cars, or auto parts and service—there are days when you are going to experience a drop in sales. These are the days when service intervals get longer, consumers keep their cars longer (and not replacing them with new ones), and warranty work consume your time and slows you down—all of which implies that you need to find other ways to increase your profits. Auto accessories present the best opportunity to bring back a big chuck of these lost profits. For more information, Windsor Mazda is a helpful website with additional resources.
When searching for mortgages Windsor, comparing different offers is an important first step. Purchasing a home is a huge expense and it’s necessary to gather all of the information you can so that you make the right decision. Knowing how to compare loans will help you make the best choice possible.
Gathering Loan Information
In order to compare options, you need to seek out a variety of mortgage loan offers. You can either go to a mortgage loan aggregator, which collects information from a variety of different lenders, or you can go straight to the lenders themselves. Gathering information is free and you won’t need to make any time of payment at this point of the process.
Pay Attention to Information About Cost
There’s a lot of information that’s going to be thrown at you when you shop for a mortgage. The most important information you’ll gather will be related to cost. You need to find out information related to rates, points, fees, down payments and insurance. At the end of the day, a mortgage loan is only worthwhile if you can actually afford it.
Compare Loans Based on Various Criteria
Once you’ve narrowed down your list of loan offers to the ones you can reasonably afford, it’s time to compare even further. This is the time to look at additional characteristics that will make one loan better than another. For example, maybe one lender has better reviews than another lender. Or it’s possible that you want a shorter loan term and only a handful of lenders offer short-term loans. Once you know you can afford all of the loans in front of you, it’s easier to narrow down your list based on finer details.
Working With a Broker
If you don’t have time to fill out information with different aggregators and lenders, consider hiring a mortgage broker. You’ll tell your broker what you’re looking for in a home and they’ll gather all of the loan information you need. Aside from convenience, a benefit to working with a broker is that they already have relationships with different lenders, meaning that they can often get you a better deal on a mortgage. When working with a broker, expect to pay their fee for their services.
Don’t Be Afraid to Negotiate
In order to get the best deal possible, you have to be comfortable negotiating with the lender. Keep in mind that lenders tend to give out different terms for the same loans on the same day. This is because some consumers are comfortable asking for different terms and, often, the lender is able to give them what they want. You might be interested in visiting WFCU Credit Union for more information.
With a population that is slightly larger than that of New York City, Canadian businesses are much more likely to understand how important it can be to have an international business mindset. Import and export opportunities are so much a part of the landscape in some Canadian cities that they eventually become second nature for business owners, allowing many executives the privilege of knowing customs brokers by their first name.
On the other hand, if you are just getting started, planning to grow through exports is one way that you can diversify and make your business stronger. Here are some popular ways that you can grow your business by exploiting international opportunity:
Focus on the opportunity:
Although there can be a rewarding feeling when you know everything about a process, it is almost always going to serve you better to outsource that process once you understand it. To that end, when it comes to exporting or importing, working with logistics and shipping experts like a customs broker is a good way to save time and money. For you, the value added to your clients probably has more to do with what you are shipping or which services you are providing. By freeing your time to perfect those things, you will come out ahead.
Canada is largely a country of immigrants. That history makes it a great place to work with cultures abroad that have representative populations in your own community. Ideally, you should know a lot about the countries that you do business with. At the same time, even if you do not, chances are it won’t be hard to work with cross-cultural consultants to get up to speed. In addition to language, consultants can ensure that you are aware of how to handle business transactions and etiquette, something that is important if you want to succeed.
One example is when you work with Japanese people. If you receive their business card, do you know what to do with it? To be polite and show them that you understand their culture, it is actually a good idea to receive it with both hands and take a careful look at it, ensuring that you can read the name and the job title and any other details that might be helpful. After several seconds of looking at it, you should probably make a related comment to the person you received the card from.
Of course there is much more that you need to be aware of, like what level of employee should you give your card to when you are visiting a company- or what type of manager you will receive a business card from.
The main thing is knowing that once you can do business as if you are someone from the countries that you want to do business with, whether that means understanding their culture or being able to work with experts like customs brokers, you should make much greater inroads- leading to more revenue and profitability.
Canadians are in need of personal debt relief. The average non-mortgage debt maintained by Canadians began reaching record levels in 2014 and has not abated. The average non-mortgage debt of personal debt unrelated to residential mortgages in Canada is about $30,000, TransUnion reports. According to TransUnion, which monitors debt trends in Canada, people began taking on larger debt loads since before the recession of 2008, and have not stopped since.
When mortgages are added to the mix, the outstanding debt load maintained by the typical Canadian consumer clicks upward rather significantly. Since the recession of 2008, incomes have not necessarily kept apace of what is necessary to address the debt load carried by a good percentage of Canadians, according to Statistics Canada.
Debt Management and the Types of Personal Debts Maintained by Canadians
Beyond home mortgages, Canadians are in debt because of automobile loans, credit cards and lines of credit. Lines of credit include those secured by a home mortgage as well as small percentage that are unsecured or secured with some other type of underlying asset.
When left to their own devices, and without some sort of professional assistance of intervention, many Canadians seem to ignore more stringent debt management of existing liabilities in favor of taking on even more debt as a means of addressing financial issues they face.
Rather than continually scrambling to make ends meet, including taking on more debt, some Canadians are electing to pursue debt consolidation as a means of debt management. Debt consolidation simply involves obtaining financing to consolidate existing financial liabilities into one loan.
There are limitations to debt consolidation. Not every type of outstanding liability is necessarily a candidate for consolidation. Nonetheless, over the long haul, even with only a partial consolidation of debt, a consumer enjoys better overall debt management and likely saves at least some money because of a more favorable interest rate on a consolidation loan.
Debt Relief Through Debt Counseling Services
Another alternative some Canadians are taking advantage of are professional debt counseling services. These organizations aid a consumer in developing more meaningful short- and long-term debt management strategies. In addition, these entities typically can facilitate a debt consolidation arrangement.
The Bankruptcy Option
Bankruptcy should be viewed by a consumer as the debt relief mechanism of last resort. There certainly are situations in which bankruptcy proves to be the only real viable alternative available to a consumer. In other words, balancing the benefits of this type of judicial intervention outweigh the negative consequences that naturally attach to a bankruptcy. Find more online information and resources at the Credit Counselling Services of Atlantic Canada, Inc. website.
Whether you conduct business online, from a vehicle or inside a physical store, you need to accommodate as many customers as possible. A growing number of people in Canada use their debit and credit cards on a regular basis. Some use it for almost all of their transactions, from their morning coffee to monthly mortgage payments. Since this trend shows no signs of abating, companies and self-employed workers that don’t accept plastic will inevitably miss out on sales.
Factors to Consider When Selecting a Service
When it comes to credit card processing systems, there are quite a few options that all have unique benefits and drawbacks. Some services are better equipped to handle complaints or demands for refunds from customers, which can help if you have a high dispute rate. Some processors are specially designed to integrate into websites. This makes it easy to add online payment capabilities without handling the information yourself.
Each system has expenses associated with usage, including fees for each transaction as well as a percentage of the total amount. Some also have a reoccurring subscription fee. You should examine your sales records and other related data to find the ideal system for your business. If you make a few high-value sales, then a processing service with a low percentage fee may be the best choice.
Most systems come with clear instructions as well as the option to contact customer service with questions. If this is your first time using such a service, it’s a good idea to select a service provider that responds quickly and offers useful advice when needed. Always make sure that your selected service is PCI compliant and meets all of the necessary standards.
Integrating Card Processing Into Your Business
You may dread the prospect of installing and learning to use a new system, but many providers offer simple setup solutions with an intuitive interface. No matter what kind of product or service you sell, there is a credit card processing service to fit your daily routine. The durability and speed of physical terminals make them a great choice for brick-and-mortar establishments, while mobile businesses can use a virtual terminal on their mobile device for unfettered access.
Make sure you read all of the instructions and informational material provided by the processing service provider. Familiarize yourself or employees with it completely before putting it into use. Once everyone knows how to use the system properly, it will become a natural part of the transaction process. It’s also a good idea to keep the provider’s phone number close at hand in case you need immediate support during a transaction. There is a lot of useful information available at the Collective Point of Sale Solutions website.
Regardless of your feelings about car insurance, it is a necessary evil that all drivers must put up with. In most cases, you must have coverage if you want to drive your car legally, and auto insurance makes it easier to pay for damage done to your car or to another car in an accident. What types of coverage can you buy to protect your vehicle without paying too much?
Basic Liability Coverage Covers the Cost of General Repairs
If you cause damage to another vehicle while driving, your general liability coverage will pay to repair the other person’s car. In the event that you live in a no-fault jurisdiction, it will pay for the damage done to your own car in an accident. Money to pay for medical bills or funeral expenses may also be included in a general liability policy.
Comprehensive Coverage Pays for Damage In Other Scenarios
When a vehicle is damaged in a parking lot, by a fallen tree branch or because someone slashed your tires, comprehensive coverage will pay for the damage. This type of coverage may also pay for damage done by a driver who then leaves the scene of the accident.
Collision Coverage Pays For Your Vehicle If You Cause an Accident
In the event that you were the one responsible for causing an accident, your collision coverage may pay for the damage done to your car. As with most other types of coverage, you may have to pay a deductible, which is the amount that you pay to repair your vehicle before your insurance policy kicks in. If your deductible is $1,000, you would pay the first $1,000 in damages. As a general rule, the lower your deductible, the higher your premium.
Underinsured/Not Insured Coverage Helps When the Other Driver Doesn’t Have Insurance
It is possible that the driver who caused the accident you were involved in doesn’t have enough insurance to cover the damages done to yourself and your car. In some cases, the driver who hit you may not have coverage at all. While you may be able go after this person in court, you can’t obtain money or liquidate assets that he or she doesn’t have. The best way to ensure that you are financially protected is through such a policy.
While no one likes to pay for car insurance, it is something that you need to have at all times. Letting your coverage lapse for even a single day could put you at legal and financial risk. Therefore, make sure that your policy is valid and that it renews automatically. It is also important to remember that you can change your coverage levels or insurance company at any time.
While they seem a minuscule part of the business, a shipping courier is what connects your finished products to its intended consumers. Timely and safe arrival of goods will affect customer satisfaction and B2B partnerships. Unfortunately, shipping merchandise can be one of the most difficult operations for any small business that is bound by limited resources. Weak or no planning can lead to business owners overpaying or getting a poor cost-value trade-off. To add insult to injury, a poor shipping courier service can also lead to volatile sales and low customer retention rates if the company cannot guarantee timely and cost-effective delivery of merchandise to customers.
Customers order stuff at different times of day and night, so your courier should also be available at any time to pick up and deliver the goods. When hiring courier services for your business, make sure the courier can be easily contacted for expedited package deliveries. If they tell you “No” and give you different reasons as to why they couldn’t pick up the phone or drive to your business address to pick up and deliver packages, consider bringing your business to another provider.
Weight and Size Restrictions
Small business shipping needs come in all shapes and sizes, from a 120-lb fridge to a 60-inch flat screen. The orders that go through your business and are in need of delivery to customers must comply with the size and weight capacity of your courier service otherwise they cannot transport it safely and cost-effectively. Of course, this isn’t much of a fuss for law firms sending out packages the size of an A1 envelope, yet is obviously problematic for businesses that deliver furniture and appliances of massive sizes.
Hiring courier services won’t do much good for your sales and revenue if you don’t actually know if the packages do arrive to where they need to go. If it’s a Schrodinger’s cat type of scenario wherein your package may or may not have been delivered, the certainty of which remains unknown until eventually a customer calls to complain, then ask for a proof of delivery or a receipt of some sort. Many courier services also utilize tracking software nowadays to make it easier and more convenient for both the business and their clients to track the whereabouts of the merchandise.
Low Cost, High Value
Because your small business shipping needs will continue on for as long as your company remains operational, your courier services should be tailored to a low-cost, high value pricing model. Avoid solely choosing a courier provider based on the upfront costs as the cheaper ones don’t always mean the most cost-effective service. If you would like to learn more, there are more resources available at Flagship Courier Solutions.
There comes a time in most people’s lives when they need quick cash loans to help them through a rough financial period. They may need the fast cash loans to help them repair a car, save their home, pay for school, or any other emergency, short-term cash need.
It’s not a good idea to simply accept one of the first cash loans online you find. Instead, you should compare many loans and ask five questions about each of them.
Question 1: What’s the interest rate? The higher the loan’s interest rate, the more expensive the loan is. If you’re already struggling to make ends meet, you don’t want to choose fast cash loans with the highest rate because they may actually make your struggle even worse.
Question 2: How long is the loan term? A longer loan term gives interest more time to accrue, but can also reduce the monthly repayment amount. Try to balance as short a term as possible with as much a payment as you can afford without putting yourself in financial jeopardy.
Question 3: Does the lender allow accelerated payments? If you get an unexpected bonus, inheritance or raise then one of the first things you may want to do is pay off your quick cash loans early to save yourself some interest charges. But some lenders may charge you an extra fee for doing so. Make sure you know this in advance so you can factor that fee into your overall plans.
Question 4: What are the late charges and other fees? While scoring the lowest interest rate and best repayment terms is important, you also want to choose cash loans online lenders who have affordable late fees and other charges. Remember, all the extra charges you pay throughout the length of the loan contribute to the overall cost of the loan. So you need to understand what these potential charges will be before you take the funds.
Question 5: Can the interest rate change? It’s generally best to choose fast cash loans that have a fixed interest rate so you know what you’ll be paying for the entire life of the loan. You also want to make sure the interest rate won’t be raised after a late payment or other special situation.
Quick cash loans are a fact of life in the world we live in. They help us fill gaps in our savings and keep our families safe, secure and comfortable. As necessary as they may sometimes be, we still need to make smart decisions when choosing a lender and a loan.For additional info, visit Lendgreen and learn more from their online references.
We live in the information age and data can be one of the most important assets we have. In real estate, customer information is the most important data. The best way to put this data to work for your office is with Real Estate CRM. It will increase conversions, keep clients engaged, and get the referrals needed to maximize your marketing budget.
A Better Sales Funnel
Real Estate CRM software is at the heart of any sales funnel. By integrating it through every step of the sales process, potential customers can be more easily converted to customers. A typical real estate sales funnel involves finding prospective customers through marketing efforts. Next, your focus turns to discovering their real estate needs and finding which properties will meet those needs. If the potential customers are not interested in properties on offer, then you will continue trying to find a property that does interest them. Some potential customers may take months or even years to turn into a conversion.
A real estate CRM system matches each step of the sales funnel process. Potential customers are entered into the real estate contact management software. The CRM software allows the different needs and desires of the customer to be entered along with their personal information. Any notes from conversations can also be added. After each property visit, feedback can also be entered into the system.
Keep Potential Customers Engaged
When a potential customer doesn’t find their ideal home right away, there is sometimes a tendency to lose track of them. With each new listing that comes available, you can look into your CRM to see if this property might work for a potential customer that you’ve worked with in the past. The system can also be set up to remind you to contact customers at regular intervals to see how you can put them in their dream home. With the extensive information collected on the customer, it’s easier to make a connection with them even after a break of weeks or even months. Every name in your real estate CRM software is a potential customer.
Referrals from previous customers are one of the most valuable leads in the real estate industry. Real estate contact management software makes it easy to contact customers 3 months, 6 months, and even a year after the sale. It’s a great way to touch base with previous customers and collect referrals. The information in the CRM allows you to make the call personal and lets the customer know that you care.
By better managing your sales funnel, keeping potential customers engaged, and getting more referrals, you can optimize your real estate sales. Real Estate CRM is the tool that can make this happen.
Each driver pays a different amount of money for their auto insurance premium to cover the cost of an accident or theft that may occur to a vehicle. Although the driver can determine how much they want to pay by obtaining an insurance quote from different companies, there are still a number of factors that influence the premium. To understand why you pay a specific amount for your car insurance Ontario, there are a few important factors that are taken into consideration.
Where You Live
The city that you live in will determine how much you pay in insurance due to the amount of people who are on the road in the local area. If there’s a higher level of crime or theft in the city, you can expect to pay more throughout the year because your vehicle is at a higher risk of being stolen or broken into. If you move to a rural area that is less populated, you can expect to pay less. Insurance premium is also highly regulated by the government which can affect the premium based on regulations in the current city.
The Car You Drive
The vehicle that you choose to drive is one of the main factors that determines your car insurance premium. The insurance company will evaluate the safety ratings of the vehicle, which can influence the risk of becoming injured during an accident.
Cars that are brand new will also cost more to insure because the parts are more expensive to replace. Vehicles that only have two seats will also increase the premium because car insurance companies assume that the vehicles will be driven at higher speeds compared to sedans.
Your Driving Record
Car insurance companies will first evaluate your driving record before offering you a quote. They want to see how responsible you are as a driver, which will influence your risk of getting into a collision. You may receive a discount if you have a clean driving record for the past few years. The longer you go without an accident, the more your premium will decrease over time. While other factors can play a significant role in your premium, your own personal driving record has the largest influence!
How Often You Drive
Drivers who spend more time on the road throughout the week will end up paying more because they’re at a higher risk of an accident occurring. The distance that you drive will also influence the premium even if you’re a safe driver and have a clean history. You’ll be asked how many miles you drive each year when receiving a quote.
Your Age, Sex, and Marital Status
Although it may not seem to matter, auto insurance companies charge more for insurance for male drivers because they’re more likely to get into an accident than females. Single males are also more likely to get into a collision if they’re under the age of 25, which will hike up the cost of the premium.
Arthur Andersen was once known as a “Big Five”, being one of the top accounting firms. These firms and their chartered accountants had solid reputations and were engaged by some of the largest clients to provide audit and attestation services. However, by the end of 2002, Arthur Andersen was facing federal indictments and an irreparably tarnished reputation. How did this prestigious firm of accountants fall from grace so quickly? There were four key mistakes that led to the accounting firm’s downfall.
Over-Focus on Consultation Services
The 1980’s and 1990’s were a time of mergers and acquisitions in many industries. This changing and fast-paced environment created a need for consulting services, which Arthur Andersen stepped up to provide. These consultation engagements were more lucrative than auditing and attestation engagements. The firm began to experience tension between the audit partners and the consulting partners, and the consulting side eventually split away from Arthur Andersen to become its own firm. Audit partners then began to feel pressured to obtain these lucrative consulting engagements, which then led to a focus more on profits than reputation.
Over-Focus on Profits
Arthur Andersen was built on a solid reputation of principles and integrity. Unfortunately this moral foundation began to falter in the 1990’s with the revelation of accounting scandals at a number of Arthur Andersen’s clients, culminating with the fraud perpetrated by Enron. This fraud would be the undoing of not only Enron, but Arthur Andersen as well. Arthur Andersen’s focus on profits and growing its consultation practice began to create a number of conflicts of interests for the firm, leading to even more problems.
Conflicts Of Interest
In addition to the conflicts of interest from providing both consultation and audit services to the same client, additional conflicts of interest were rampant between Arthur Andersen employees and the businesses they were auditing. For example, a large number of Enron managers were former Arthur Andersen employees. Arthur Anderson’s accountants who were on the Enron engagement turned a blind eye to concerns, even going as far as granting Enron’s requests to remove auditors the company did not like or who questioned their accounting practices. It especially didn’t help that Arthur Andersen began shredding important documents when they realized they were going to be investigated.
Arthur Andersen became arrogant, perhaps believing they were too big to fail. Early on, the Justice Department expressed a desire to look at settlement options, but Arthur Anderson refused. Ultimately, the accounting firm was found guilty of obstruction of justice. This conviction precluded Arthur Anderson from auditing public companies, which ultimately resulted in their demise.
The business climate has changed vastly since Arthur Andersen scandal. The scandal, in fact, had much to do with this. Many rules and practices were implemented to help ensure that accounting firms meet their professional and ethical obligation to investors and creditors. US also began shifting from rule based accounting guidelines towards accounting guidelines that rely more on professional judgement such as IFRS.
The Canadian mortgage market continues to evolve by offering more innovative financial packages. The Government of Canada has worked closely with financial institutions to create a rich environment for home ownership. The latest cutting-edge financial loan that may be available at your mortgage investment corporation is the portable mortgage.
“What is a Portable Mortgage?”
A normal mortgage provides capital at a specified interest rate for a specified period of time for a homeowner at the designated property. The portable mortgage allows the homeowner to transfer the terms and conditions of the contract from an old property to a new property without incurring penalties. This offers many key benefits for both the mortgage lending institution and the homeowner.
“Good Reliable Homeowner”
Your credit score rewards you for being dutiful in repaying your financial commitments. Likewise, the portable mortgage rewards you for being a solid, reliable, creditworthy customer. The financial institution has profited from your relationship and would like to continue to have you as a customer.
“If it is not broken, don’t fix it.”
There is no need to go through the entire application process again and charge an extra fee simply because the homeowner wants to move. The lending institution has already gone through the vetting process and found a trustworthy customer. The deep relationship has been established and been profitable for all parties.
Simply transfer the mortgage rates and make all parties happy. The creditor does not want to lose this valuable customer. The portable mortgage is like a “customer appreciation reward.”
“Mobile Canadian Workers”
A successful business man might receive a promotion and need to relocate. A daughter might need to return to her hometown because of an ailing parent. Portable mortgages are like credit card lines of credit that stay with you.
Nothing really has changed when a Canadian wants to relocate. He is still the same creditworthy customer; the portable mortgage travels with you wherever you may roam.
“Natural Life Housing Cycle”
Housing should mirror your life. When you are single, you might prefer a small apartment or condominium. A couple will need just a few rooms to enjoy their lives. The family will need a larger house and backyard. The empty nester will want a dwelling that is easy to maintain.
Just as a good family doctor will understand all of your family’s aches and pains, the portable housing loan relationship can be a comprehensive package that fulfills all of your lifetime housing needs. The lender keeps a valuable customer and the homeowner keeps a good creditor. First-time home buyers who are focused on the long-term, can ask if their lender offers a portable loan.
The portable mortgage also creates a higher class of mortgage investments. These are low risk, secure and have a dependable, verifiable mortgage repayment stream. So, as the days of your lives pass by, you might want to simply stay with a portable mortgage that remains with you. Check out the portable mortgage that is as mobile as you are.
Personal finance is important. It is a good idea to stay on top of your finances, otherwise you can find yourself in a whole heap of trouble and lacking the knowledge necessary to find financial peace. Finances can be complicated, there are so many aspects to it that it’s often not as simple as adding and subtracting. There are things like taxes, investments, retirement planning, financial security, risk management, and more. It can be hard to manage all aspects of your financial life without being engulfed in confusion and losing your way. A strong foundation in finance is necessary to minimize any mishaps; but many have other priorities like their families, full time jobs, and other things stopping them from setting aside the time necessary to reach optimal financial happiness.
That’s where financial planners help immensely. They can take care of organizing and structuring your financial life. By bringing help into your financial equation you can bring stability and protection to your immediate and distant future.
The Objective Viewpoint
When you are attempting to manage your money and personal finances, your personal feelings often find their way into the conversation. A financial planner can look at the numbers and trends objectively without focusing on anything else. This will allow you to see your finances for what they are, not what you may want them to be. You will have help setting up goals based on pure numbers. After setting up the goals with you, you can follow up on them through a series of plans developed for you.
Paving The Way
Whether you are just getting started, on top of your finances, or drowned in debt, there’s help for you. One of the biggest reasons that people lose track of their finances is because they do not organize them. By bringing structure and lining up the numbers in a row for you to see, the organization of your personal finances can help clear up other aspects of your life. By learning from the person or team you employ, you can set up a foundation for making intelligent decisions with your money.
Before, finding a trustworthy financial planner was hard to do. Social networking and the like have made it easier for them to advertise themselves to people who need the help. You can search websites and look up reviews on valuable help, as choosing the right one is what really makes the difference between whether or not your financial planning will truly become stellar. With communication on the internet becoming easier, sending your financial planner an email or asking them to look at charts on the go. If you are both using the latest technologies like smartphones and tablets, it’s possible that you will be able to communicate with your planner on a more consistent basis as well.
If you are not sure about your finances, think about employing the skills of a good team or individual. It can change your life, and not just financially.
As many small business owners have learned, it is becoming increasingly difficult to secure funding for small to mid-sized businesses. Banks are now worried about lending, and are only issuing loans to established companies that have a proven track record. Luckily, there are still some alternative financing options that many businesses today can take advantage of to secure the funding they need to grow and develop.
Crowdsourcing is the newest trend that has managed to fund millions of dollars into some businesses. With crowdsourcing, a company presents a product or idea that they are wishing to sell. Individual backers will pledge money for the product or service before it is even in production. The product does not need to be delivered until the project and company is fully funded. There are separate options to adjust the funding campaign as necessary. Crowdsourcing is becoming more popular by the day as a method to go directly to the consumer for money as well as to gauge consumer interest before production.
For small business owners that only need a small cash injection, it can be more ideal to take out a loan against their assets, such as their home or their 401k. While taking a step like this is inadvisable if it is for personal reasons, businesses reasons are slightly different because growing the business is an investment in the business owner’s future. Securing personal loans may, at times, be easier and more convenient than a business loan if the business is new and unproven and the business owner has good credit and tangible assets. These options can be explored with a loan officer.
While many businesses don’t realize it, there are government loans and grants available. Certain organizations such as the Centre for Small Business Financing specialize in finding Canadian citizens ways to fund their small business projects through the government. There are many programs that can help for specific markets that the government is hoping to promote. It’s important to note that taking on a government loan or grant means that your business will usually need a higher level of accountancy standards and rules.
The last option for those who just can’t get funding any other way is to look towards investors. There are many online websites to match ideas with investors, or you can look among your circle of colleagues or simply those who are already associated with the industry your business is in. While managing investors can be difficult, it can be made more manageable by having clear and legally binding terms of agreement. Investor websites can help automate this process and make it faster and easier.
Funding is more difficult today, but there are still options out there for a dedicated entrepreneur. The most important things are to always be on the look out for new opportunities and possibilities, to never rely on one strategy, and to never extend yourself beyond what you need. Growing a business is never easy, but once funding is secured the largest and most difficult hurdle has already been passed.
When you’re going to purchase a vehicle, you have a couple of options. You could buy outright, finance or lease, and you could opt for a new, pre-owned or used vehicle. Consider the following benefits of financing a brand new car.
Buying The Car Soon
One of the problems associated with purchasing a car outright is that you’ll likely have to wait some time before you’re all saved up. Instead of waiting months or even years to save that money, you could just work on putting together a down payment. The down payment may be able to go as low as $1,000 or $2,000. This number will depend upon the type of car you want, the sticker price of the vehicle and how your credit scores are.
It’s Yours to Drive
When you make the decision to lease a vehicle, you’re often limited on the amount of miles that you are permitted to drive per year. For people who frequently travel or who have a long commute each day, these limits can pose serious problems. With a finance, you generally do not have a limit on the amount of miles that can be driven on a yearly basis.
Some people are afraid to finance because they think the plans will be rigid. Well, with a new car, you certainly have some flexibility. For example, let’s say that in 2013, you purchase a 2014 vehicle. Paying it off in three years might be a little bit tight on your budget. However, even if you opt for a six-year payment plan, you are still going to have a car that is in fairly new condition. You could also ask if it’s possible to pay the loan off early in the event that you wind up with some more money later on.
A Reliable Vehicle
For years now, it seems that you’ve been driving around a car that just does not want to work. Older vehicles, even if they are certified pre-owned, can have a lot of issues. The more miles a car has on it, the more susceptible it is to problems. However, these types of problems are greatly reduced when you choose to purchase a vehicle that is brand new. Furthermore, you’ll probably receive a service plan from the dealership, and you can even look into extending it for the life of the car.
Building Your Credit Score
One day down the road, you hope to be approved for a loan on a home or some other large type of loan. At the current time, you might not have the credit score for that, but making regular and on-time payments for your car will certainly help with that. As you make the payments, your credit score will rise and significantly impact you in the future.
Financing a new vehicle is just one of the options from which you can select when choosing a car. Still though, this plan is truly an excellent one to pick for super car success.