Plugging The Gap: Finding Funding When Your Business Is Waiting To Be Paid

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Waiting to be paid by your clients and customers can be very frustrating when you run a business. Not only does this mean that you miss out on interest from the money you’re making, but it also means that you can be left without the resource to cover the expenses that you accrue over time. Thankfully, there are several ways to overcome issues like this, making it possible for your business to plug the gap and keep operating as normal when payments are due. To give you an idea of how this works, this post will be exploring some of the best ways to secure funding in circumstances like these.

Bridging Loans

Banks understand that loans don’t always need to be long-term. In fact, bridging loans have been around for a very long time, and are designed to last as little as a week or two. This can give you all the time you need to get invoices and other bills paid by customers, while also giving you the funds required to continue working properly. A 10-day bridge loan is a good place to start, with most customers and clients paying their bills nice and quickly once you’ve sent them a reminder. Of course, though, you need to make sure that you keep the lender in the loop if you can’t make a repayment when you’re supposed to.

Invoice Finance

Invoice finance has been around for a very long time, offering businesses the chance to borrow money against the invoices they have outstanding. In some cases, this will be done as credit, though some invoice finance providers will be willing to simply buy your invoices and take them off your hands. This will mean that they have to deal with chasing up your clients, taking the risk out of your business and getting you on the right track. You may need help from a financial broker to get a service like this off the ground.

Merchant Cash Advances

This final option will only be open to those that have some sort of retail business that is able to accept money through payment terminals. Merchant cash advances enable you to start a line of credit that uses your card machines as the basis for your repayments. Once you take out a loan, the money will slowly be paid back from the transactions that go through your machine, usually at an agreed percentage rate. This option works very much like an overdraft and is widely considered to be one of the safest ways for businesses to borrow money.

With all of this in mind, you should be feeling ready to overcome the challenge of funding your business when payments from customers are overdue. This sort of issue doesn’t have to be the end of the world, but you need to make sure that you take the right steps if you’re going to find success along the way.

Evergreen Money Management Hints For New Entrepreneurs

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New entrepreneurs will need to wear a myriad of hats to make sure everything gets off to a successful start. One of the most important things that new business owners will need to get to grips with is money management. Being able to manage money so that there are never any cash flow problems isn’t easy. However, budgeting and saving are two things that entrepreneurs need to practice in order to continue growing their business and planning for potential emergencies. 

Let’s take a look at a few evergreen money management hints for new entrepreneurs: 

Prioritize Tracking And Organization

Tracking and organization are essential if you’re going to stay on top of your finances. All of your financial information will need to be accurately recorded and tracked so that you can refer back to it when needed and make decisions based on what you see. This is why many people choose to use something like Quickbooks, Evernote, or even just a spreadsheet that they have made themselves. Having a note of all of your incomings, outgoings, anything owed, and other information will also help you when doing your taxes and accounts. Hiring an accountant as soon as you can will take a weight off your shoulders and ensure you don’t make any mistakes.

Keep An Eye On Your Credit

Almost 30% of people don’t know their credit score. Getting to grips with your credit score is so important as a new entrepreneur, as you’ll likely need to take out credit or apply for loans. Repairing your credit score may be necessary depending on your past behavior with money. If you believe that you’ll need funding at some point, the best thing you can do is begin working on that right now. 

Build Strong Relationships With Your Suppliers

Every business must work with suppliers to get the equipment and things they need to run their business effectively. Building strong relationships with your suppliers from the get go will ensure you get the best deals and service. It may take a while for you to be able to negotiate your current deal with them, and this is why you should do your best to be a great client. Pay them on time, keep up communication when necessary, and treat them how you would like to be treated. Whether you’re looking for a good deal on NEMA 6P Enclosures or you’d like to take advantage of a perk like free delivery, you’ll have a better time if you show them that you can be trusted and that you’re reliable. 

Save Wherever Possible 

Nobody likes the idea of having to cut back. However, in business, you should be continuously looking out for ways you can save. Be realistic about needs and wants when starting out. Invest in things that will make a genuine difference and give yourself time to purchase anything else you might want. Software will make your life easier, so this could be a good investment providing you find something suitable. Fancy furniture won’t make that much of a difference.

Making Money Through Technology This Year

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In the last year, a lot of us have realized the true power and need for technology in our world. As Covid 19 ripped through our world many companies and singular workers had to bring their operations to home, and use technology to keep their finances afloat. 

Sadly, 2021 doesn’t seem to mark an end to the pandemic just yet and this is why using technology for your own personal gain might be a great way for you to make some money and grow even while stuck at home. 

Today we want to talk about making money at home and some of the best ways you can do it. There are plenty of opportunities to use technology for your financial gain and today we want to take a look at some of the ways you can do it. 

Develop an app 

If you have an eye for detail and a knowledge of app development, why not use this time at home to make an app that is of use to others? Apps are a great way for you to make some passive income and they are useful for a number of purposes in someone’s life. Consider building an app this year and sending it out in the world to help you make some extra money and connect with your audience. Whether it be as a part of your business or something unique – it can be a fun activity and one that will bring you money in years to come. 

Consider writing an ebook 

Writing a book is a difficult task and one that takes many years of honing your skills to do – however if you already have some writing experience this could be a good opportunity for you. Consider writing an ebook this year and hosting it on Google books as well as Amazon to make some passive income throughout the year. You can use social media to promote your book as well as paid ads and use technology to yoit advantage this year. 

Lease a cell tower 

If you are looking for something a little more unique to do this year and you have a cell tower either on your property or your commercial property – you can lease it. This is a way to use your minor inconvenience to make money throughout the year passively. You can use Vertical Consultants to help you through the process and lease your cell tower for use of people anywhere in the world. 

Provide online training 

If you have a particular skill to share with the world this year, a great idea would be to create a video for SkillShare and host an online class in your skill set. This can be a brilliant way to help you access your talents and it will be a passive form of income as people can choose to take your course whenever and wherever they want to. 

Use some of these ideas to make yourself some passive income using technology this year and enjoy some money from home.

Why You Should Be Careful Trading Currency

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Trading in the foreign exchange market, or the forex market, is the most popular form of trading in the world. Trading currency has been done for hundreds of years and it is historically the most profitable trading platform in the world – and this is why so many people take part in trading each day around the world. 

However, trading is not without its risks and today we are going to discuss some of the reasons you need to be careful when you trade currency on the forex market. 

It’s a big risk 

The first and most obvious reason to take care when trading currency is the risk involved. Trading is a risky game because if you don’t sell or buy at the right time you could lose a lot of money. It is important before you jump in with a big buy or sell that you first take it slow and practice with smaller amounts. You can even try a practice reading floor that will allow you to trade with fake money and get you used to the process before you spend actual money in the field. 

It can be complex 

Trading is a complex game and this is why there are many people out there who teach it for a living. From the patterns and trends to different scenarios you can set up for your trading – there is a lot to learn and many different things to consider. Take your time to learn the theory behind trading currency and practice different types of trading to find the one that suits you the best. 

You’ll have to pay tax 

It is crucial to be aware that if you are to try and trade cryptocurrency you will have to pay tax. You can look at this 2020 tax guide to get an idea of how much you’ll need to pay here – but trading and profiting in the form of cryptocurrency is not a tax free thing. It is a good idea to research the tax and decide whether the profit you’ll earn makes this a worthwhile pursuit at all. 

There are political factors 

Politics and real world events always have a major impact on the value of currency. Let’s take the U.K. as an example; the minute that Brexit was announced across Europe, the value of the British Pound Sterling took a nose dive and has been struggling to regain its former value ever since. It is a great idea when trading to have one screen on your trades and one on the news. This way, as the news comes in you can see the real-time impact it has and you can learn to trade during these times to gain a huge advantage. 

Timing is everything 

Timing is everything when it comes to trading and if you don’t trade at the right time you will never earn money. It is important to be on the ball when trading and this means you can’t really do this while also doing a lot of other things. Concentrate because any small change in the trends can be your window. 

Take on board these tips and trade carefully this year.

Easy Ways To Make Your Home Look New On A Budget

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This time of the year is the most common time for people to start thinking about making changes, improvements, and planning a spring clean. However, it is also the time of year where people struggle with money the most. After the cost of Christmas and the new year bringing new budgets, many people are living to a strict budget but still have the urge or need to complete home improvements.

The good news? You don’t need a huge budget to make your home look and feel newer, you just need to complete a few minor, and often inexpensive tasks. Let’s have a look at some of the ways you can do this in some of the common rooms in your home: 

Your Bathroom 

This is often a room that gets forgotten about and left time and time again because it is known as a room that may be small but can be costly to renovate. You do not need to renovate your bathroom to give it a new lease of life. Try some of these small tasks to improve your bathroom at a huge cost: 

  • Re-do the grouts on the tiles 
  • Replace the sealant around the bath, sink, and toilet
  • Replace the toilet seat
  • Change the taps or de-scale them
  • Use an unblocker on the drains 
  • Clear any limescale and scum from the shower screen 
  • Change the shower curtain for a screen
  • Update the lighting 

Your Kitchen

This is another room that people presume is going to be expensive to update, this is because they instantly think that they need to replace the whole kitchen. And, yes if you replace your entire kitchen it can sometimes be costly, however, it is possible to update and improve your kitchen without spending a fortune, some of the things you can do include: 

  • Replacing the worktops 
  • Changing the cupboard doors or painting them
  • Updating the appliances one by one
  • Changing the cupboard handles 
  • Updating the lighting 
  • Adding a boiling water tap 
  • Add in a coffee machine 

Your Master Bedroom 

The master bedroom is surprisingly one of the rooms that get left off the list. Not usually because it’s expensive to complete but because other rooms such as the guest room, children’s rooms, and main living areas get the attention first. This usually means that when it comes to the master bedroom there isn’t a lot left in the budget. Instead of trying to complete it on a budget, it gets left. You don’t need to do this though, you can easily make changes to your master bedroom with breaking the bank. You could even do a little bit month by month. Some of the things you cups change include: 

  • Adding a feature wall
  • Adding in some plants 
  • Changing the bed that has storage underneath
  • Adding in plenty of additional storage 
  • Updating your bedding 
  • Updating the  curtains, blinds, and voils
  • Cleaning the carpets and adding in some rugs 
  • Adding a few throws and cushions

These small changes can all be done bit by bit and on a budget, this way you can keep within your means and work your way towards the home that you are after. Do you have any other tips that could help? Please share some of them in the comments.

Commercial Flooring Contractors For Kitchens

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Commercial flooring contractors are a must for any kitchen area. You need to choose a company with care to ensure that they can provide you with the high level of safety and hygiene that is required in a commercial kitchen. Read on to discover more.

You cannot afford to cut corners when it comes to commercial flooring solutions for kitchens. You need safety flooring that provides sustainable slip resistance and has the ability to last for years to come and accommodate a substantial amount of foot traffic. This is because kitchen environments often have spillages of high viscosity containments as well as high traffic. Flooring with a low slip potential classification is of paramount importance, especially when there is continual risk of margarine, grease, and oil spillages. All commercial kitchens need to have flooring that is fully compliant Health and Safety Executive (HSE). EN 13845 is the standard for particle based safety flooring. To meet this standard, the flooring needs to demonstrate excellent resistance to abrasions and outstanding durability. It should also retain its performance characteristics as time passes by. Aside from this, the flooring also needs to pass EN 660-2, which is the 50,000 cycles abrasion test, which is designed to demonstrate the long-term sustainable slip resistance performance of the product, as well as to demonstrate the longevity of the aggregates and their performance. The best thing to do is to find a quality flooring company that can advise you on the best commercial flooring for your kitchens. Make sure they have experience in this area and a good portfolio to back it up. Make sure you use a company like HOODZ for regular cleaning as well. After all, your flooring is not going to be safe if you do not maintain it.

Why Choose High Quality?

Commercial flooring comes in a seemingly infinite number of colors, styles, materials – and prices. If you have large areas to cover, it can be tempting to cut corners by opting for cheaper floor coverings. However, this is invariably false economy. Quite apart from the superior look a quality floor covering offers, there are other benefits. High quality flooring offers a better working environment for staff and visitors, for instance. It is also easier to install and maintain thereafter. And the durability of a more expensive product cannot be underestimated: simply put, you will save money longer term, because it will last much longer. Good flooring contractors always advise going for the best your budget can accommodate.

Good Flooring Contractors Know Floor Coverings Affect Workplace Productivity

It may seem unlikely, but paying a little more to have your commercial flooring contractors install a better quality floor covering in your office space can positively impact on the working environment. Fitting an appropriate safety flooring, for instance, can reduce slips and trips, which is better for all concerned. But even when it comes to your choice of flooring for office spaces, for example, the right decision can have better results. It’s increasingly common for offices to be open-plan. While this has benefits in terms of teamwork and bonding, it can also encourage more noise, which is distracting and can reduce productivity. In fact, studies show that a distracted worker can lose up to two hours of productive working time each day. Choosing the right commercial flooring can actually change conditions for the better while retaining the benefits of open-plan working. This is because investing in a thicker carpet with a decent underlay, for instance, can reduce and soften noise levels considerably by absorbing sound. Moreover, a quality floor covering installed with proper preparation of the surface below can reduce musculoskeletal problems. Many people have damage to their feet, legs and/ or backs without even realizing it. Others spend long periods of the working day on their feet. Having good carpet and a dense underlay underfoot can reduce the discomfort that they feel on a daily basis, and can contribute to reducing sick absences. Whether you opt for quality carpet or commercial laminate flooring, your initial investment will see plenty of benefits in the future.

Aesthetics And Other Valuable Properties Of Quality Commercial Flooring 

The further value of paying that little bit more for your commercial flooring or elsewhere is that it cannot help but look better than a cheaper option. This is true whether you are investing in carpeting, vinyl flooring or any other option. Taking vinyl as an example, the better the quality of the vinyl flooring you choose from a good supplier, the less like vinyl it will look. High quality vinyl can instead closely resemble real wooden flooring, or even stone or ceramic tiles. Using these natural materials in your flooring project would cost far more than these substitutes, even if you spend more on luxury quality options rather than the cheaper ranges. But on top of that, commercial vinyl flooring is much softer and more comfortable to walk on than, for example, stone. Moreover, it is far easier to clean and maintain. It is scuff- and stain-resistant, unlike many other, cheaper types of flooring, meaning it will look good for longer. It can also help to make a room feel warmer. Some natural materials, such as stone or tiles, can prevent spaces, particularly larger ones, from heating up as they should do. Vinyl flooring – or carpeting, for that matter – can help to capture and retain the heat, keeping temperatures comfortable and saving money on energy bills. Vinyl flooring is also good at sound absorption, just as the right carpet can be.

5 Simple First-Home Buying Tips

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It’s no secret that the idea of owning property is a distant dream for many millennials. They have grown up in a time where they can barely afford to rent, let alone own, which is why there are so many millennials still living with their parents.

However, just because it is challenging to buy a house does not mean it’s impossible. If you’ve woken up to the idea that renting is unsustainable in the long run, you need to know how it might be possible for you to purchase a house, get on the property ladder, and look forward to the life you were promised while growing up. 

Make the Most of Assistance 

Looking at house prices in your area will make you think that you could save your entire life and still not end up with enough money to purchase a house, but this isn’t the case. In many cases, all you need is the bare minimum to help you purchase a property, and many places will do everything they can to help you get onto the ladder. 

Government grants and assistance are crucial for buying a house. Countries thrive on people owning a house. It signifies stability and means you are here for the long haul. Because of this, they will do all they can to help you. While it won’t pay for your whole house outright, it should soften the blow putting down a deposit will. 

Have a Savings Plan 

It should be no surprise that you need to save, save, and save some more if you want to buy a house. But how much do you need to save to make sure you can comfortably get the property you’ve always wanted? 

First, you need to establish your deposit and how long you will need to save to make this money. Once you have figured this out, you will create a savings plan and develop a strategy to help you save. If you’re planning on buying with a partner, this should make it easier, and you can expect to cut your savings time in half, assuming you both make around the same amount of money. 

Ask For Advice 

If you’re not the first of your friends to buy a house, then you’re one of the lucky ones (in theory). Your friends and relatives of a similar age have already gone through the rigamarole of saving, searching for, and buying a house, so they can provide a wealth of advice that will help you avoid the mistakes that they made. 

Did they invest in a new build that came with heaps of hidden issues? If so, they can warn you away from it. Did they forget some essential things they needed when buying a house? If so, they can tell you what you need to look out for. This information could be vital for ensuring you pick the best house for you without getting ripped off. 

View The House In Person

While it’s fun to spend hours scrolling through house images on property sale websites, these do not tell the full story. Just like you wouldn’t put your worst photos on your dating profile, the same goes for the house. 

Any picture can make a property look like Buckingham Palace, but you might not see what is on the other side of the camera. For peace of mind and to save yourself any nasty surprises when you finally move it, it’s essential that you view the property when you can, and perhaps make several visits to get a good idea of how it looks at different times of the day. 

Get The Property Inspected 

Property inspections are a standard practice when it comes to buying a new home. These give a second opinion on the house, and, as they are independent, there is no bias associated with it. 

During these inspections, the agent will make sure that everything is up to standard. Their experience helps them recognize things that you wouldn’t. They may even follow procedures to confirm any suspicions, including using blue dye tablets to identify leaks, plug in devices to test the electricity, and look at structural issues that could impact the house’s integrity. 

First Time 

This may be your first house, but it does not mean it is the last one in your life. Still, this is a significant step in the right direction to set you up for a more comfortable and stable life. While there will still be costs from every angle, you can rest easy knowing that you have a property to call your own.

Moving Into Your First Home: Essentials That You Might Overlook

There might be a lot of reasons for you to buy your first house. You might want to start a family or just invest in real estate after saving a considerable amount of money. After tons of research, house-hunting every day and countless realtors, you’ve finally found a house worth living in. Now that you have finally signed the papers, it’s time to set up your new house. There are a multitude of things that you have to take care of before shifting. Shifting is quite a hassle for most people, with the endless hours of packing and getting ready to move, it can be quite overwhelming to stay on top of what all you might need for your new house. To ensure that you are not caught off-guard, we have curated this list of essentials for you so that your move can be made as easy as possible.

Cleaning supplies

The worst kind of feeling is moving into a new home and not being able to spend the first night there because you forgot to get cleaning supplies. There can be quite a lot of cleaning to do once you have unpacked most of your boxes. Be sure to pack up a broom, tile cleaner, detergent, a lot of sponges and even toilet cleaners. Every new house needs to be cleaned regularly for a week in order to get the dirt out from every nook and cranny. It is important to clean the walls, cabinets, kitchen countertop, the sink and the floor before you start unpacking in your new home.

Lockbox

It is well advised to keep a lockbox that contains all your important documents and other expensive belongings. Even if you hire a moving truck to help shift things for you, carrying this lockbox yourself will give you the peace of mind of not losing your valuables during your shift. A few weeks before shifting, gather all of your important documents and valuables into a safe or a box in order to keep your birth certificate, educational certificates, passport, banking statements and other important documents. You can always buy a bigger box to keep your expensive jewelry in too.

Hangers

You have finally bought your first house. Most people want to organize every part of their house perfectly. If you are one of them, one important thing to remember is to bring hangers. If you have a house that has huge closet space, hangers are the key to help you organize it into a dream space.

Home security

One of the most important things to remember is to get a security system installed at your new house. No matter how safe the neighborhood might be, it is always better to keep your safety in your own hands. The experts at https://ccsecurityservices.co.uk/commercial-security/ suggest using modern technology to keep intruders out of your house. There are a ton of home security options available in the market today. You can browse the various alarm and surveillance systems available at your location. These systems offer round-the-clock protection to your house from burglars. Some modern systems also notify you on your phone if suspicious activity is at play.

Smoke detectors

Now that you are a home-owner, it is time to pay attention to things that were always installed in your previously rented accommodation. This includes, but is not limited to smoke detectors. They can help you prepare for the event of a fire if they are placed strategically in all the right places. It is your responsibility to ensure safety for everyone living in the house. There are even detectors available in the market that not only detect smoke but carbon monoxide as well.

Fire extinguisher

Since we have already talked about smoke detectors, a fire extinguisher should obviously be on this list as well. In case of a major fire that cannot be put out easily, aerosol fire extinguishers should be invested in for your house. They should be kept in fire-prone areas, such as your garage workstation or in your kitchen.

A new lock

The first thing you should do when you reach your new home is to change the locks. It is important to remember that you are not the only one to ever call this house their home. The previous owner might still have the keys to the house and to make sure that you are the only one with a pair of keys to your home, it’s best to change the locks.

Shifting into your new home can bring a lot of emotions to the forefront. Be prepared to handle anything while making the move to your new humble abode. Use this list to help you ensure that your first home is a happy and safe house.

The Financial Implications Of Serious Personal Injuries In Car Crashes

It is evident that major car collisions can lead to serious injuries that may have a life-changing impact. Apart from the suffering and loss of quality of life, such injuries can result in extensive financial damages as well. The good thing, however, is that you are legally entitled to claim compensation for all the damages sustained if the accident is caused by someone else’s negligence. But everything boils down to awareness- you need to know everything about the damages you can claim and how you can have the negligent driver pay up. So it becomes imperative to understand the financial implications of serious personal injuries. Let us explain to them in detail.

Medical bills

Clearly, your medical bills will be the biggest financial impact of a serious injury. The more severe the damage, the greater effect it will have on your financial situation. Minor injuries will not make much of a difference as you can easily spend out of pocket and claim later on. But catastrophic ones like a spinal cord injury, broken bones, or amputations often leave you with extended and expensive treatments. Apart from diagnostics, surgery, and medications, you may also require long-term rehabilitation to regain mobility or get as close to normal as possible. In such cases, you can expect your finances to go haywire and quick compensation is desirable to get proper treatment.

Time away from work

Serious injuries can lead to temporary incapacity or even lasting disability. Once again, it can have a far-reaching impact on your finances as you may have to miss work for weeks or even months depending on the severity of the condition. It is quite understandable that you will lose your wages during the recovery phase. Or you may have to switch to part-time work. Thankfully, it is possible to claim for lost wages but you need to learn more before filing a claim. A seasoned personal injury lawyer can help you cover up and get your finances back on track. You can even claim disability benefits for covering expenses such as paying someone to look after your children, clean your house, and do your laundry while you are still recovering.

Diminished earning capacity

The financial implications of serious injuries can stay even after you recover. You may no longer be physically capable of handling the demanding requirements of your previous job, which can translate into diminished earning capacity with the new job profile. Or maybe you just missed an upcoming promotion just because you suddenly had to go off work due to the accident. In such cases, you are likely to end up with a lower pay after a serious car crash, all because of your new physical limitations. Here too, an experienced attorney can help you cover such losses and ensure that you do not bear financially for a mishap that was not your fault.

The simple fact is that you will have to suffer as much financially as physically in a catastrophic accident. Apart from these losses, you may have to face expenses such as damage repair for your vehicle, loss of property, and cost of home improvement you may have to invest in to cope with disabilities. Still, you can take solace in the fact that personal injury law ensures adequate compensation, provided that you have a lawyer who is good enough.