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When done correctly, business credit is obtained without the SSN being provided on the application.

This means that there is no credit check by the business owner to be approved. This also means that anyone who has bad, even horrible personal credit can still be approved for business credit.

Reports to commercial credit reporting agencies, not consumer credit reporting agencies.

So it does not have an adverse impact on the homeowner’s consumer credit because it is not reported to consumer agencies.

This means that using the account, even more than 30%, will have no adverse impact on personal scores.

And there are no questions about personal credit when you apply for business credit, as long as you don’t provide your SSN.

30% of your total consumer score is based on usage, so if you use your personal cards for your business and using those cards will lower your scores. Using more than 30% of your limit WILL result in a decreased score

So if your limit is $1,000, having a balance over $300 lowers your scores. This means that 40% of your total score is damaged. With true business credit, 0% of your score is affected.

10% of your total consumer score is based on inquiries, so if you’re using your personal credit to apply for loans and business credit, your scores will drop as a result of those inquiries.

Also, those queries can stay with you for an extended period of time, affecting your ability to borrow more money.

And some unsecured business loan sources won’t even lend you money if you have two or more inquiries on your personal credit reports within six months.

Credit does not report to consumer bureaus, so neither inquiries nor usage have any effect on your consumer scores.

How to devalue your business

Anyone who has ever sold or bought a business will tell you the importance.

Extensive information about your business can easily be obtained by all potential buyers, just by obtaining your business credit report…which can be obtained by anyone who wants it.

This means they will quickly learn details about your business, including:

• Credit scores
• High credit limits
• Past Payment Performance
• Employees
• Entry

And much more…

Now that you know how easy it is to get extensive credit and financial information for a business, if you were a buyer, wouldn’t you get it?

Based on your company’s credit report, would you like to buy your company?

Does your report reflect that your company is “established”, does it show that it pays its bills, does it look like a successful company according to your report?

If you could choose between two companies to buy that were equal in every way except trade credit, which would you buy…

… The one with very limited or no credit profile… or one with a credit profile that reflects good payment performance, and one with available credit.

Here is a quick review of the basic pros and cons of buying a hotel franchise. Every investor is different. Depending on who you are, some of the “pros” may actually be “cons” and vice versa. Consider this as a starting point in your evaluation of hotel franchise opportunities.

Starting with the good stuff, let’s look at the advantages:

Start-up risk reduction – you are working with someone who has successfully done this before.

Turnkey operation – Once again, nothing to reinvent the wheel of processes, procedures or acquisitions. Your franchisor has already built the system.

standardized systems – The back-end financial, IT and accounting systems are already in place, so you won’t waste your time implementing reservation systems.

purchasing power – as part of a larger whole, you get the benefit of buying in volume.

Consulting readily available – experience counts and your franchisor has been just around the corner. He asks for all the help he is willing to give.

Marketing – brand image and marketing are already available. You are not chasing single travel reviewers to get your name out there.

financial assistance – Some franchisors are willing to help you finance these high capital projects.

you are your own boss – The glory of that is evident!

Now let’s take a look at the downsides.:

less freedom – You are married to your franchisor – for better or worse!

royalty payment – As a franchisee you pay for the previous supports.

costs – Hotels are businesses with high capital and operating costs.

Lack of support – If your franchisor doesn’t help as you expect, you may be out for the count.

Inflexible Systems – even if you have a better way to manage bookings, you are using your method.

unbalanced contract – all franchise contracts, not just hotels, are biased towards the franchisor.

Dependent on the franchisor – your performance is your performance.

These are all things to keep in mind as you move toward a decision about purchasing a franchise or hotel business.

We have all heard of him: the American Recovery and Reinvestment Act of 2009, also known as ARRA. But what exactly is it and how can it help your small business? For starters, ARRA is essentially a $787 billion dollar bill passed in February 2009 by President Obama to provide various investment and tax relief opportunities. More specifically, the full title text of ARRA is as follows:

An act making supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, unemployment assistance, and state and local fiscal stabilization, for the fiscal year ending September 30, 2009, and for other purposes .

While many of the benefits of ARRA are available for use by small businesses and individuals, it is important to note that benefits are not automatic; In other words, they require that you, as a small business or individual, be proactive in applying benefits and fully utilizing them to help put more money in your pocket (or at least have to pay less!) That said, let’s take a look to a small sample of the benefits that ARRA 2009 has to offer to small businesses:

1. Using Current Losses to Offset Gains: Typically, when a business incurs losses, they can be used to offset income taxes from the last two years. However, this provision of ARRA allows companies to use losses to offset profits for three, four, or even five years, depending on the circumstances. Given the financial hardship that the current economic climate has inflicted on many small businesses, this provision can provide much-needed financial assistance to small businesses in need.

two. Highest depreciation: You may remember the Economic Stimulus Act of 2008 as the Act that provided individual taxpayers with a one-time tax refund of between $300 and $1,200. Another aspect of this law included a “50% bonus depreciation provision for ‘qualifying’ property purchased, manufactured, constructed, or produced in 2008.” The 2009 ARRA provision essentially provides for a carryover of this depreciation benefit to 2009, essentially providing an accelerated depreciation schedule for fixed asset purchases. Therefore, this provides an incentive for businesses to make purchases of needed or desired assets such as equipment and computers, as businesses can now use this benefit in 2009.

3. Work Opportunity Credit: Employers will have the opportunity to take advantage of a credit in the amount of up to 40% of the first $6,000 in wages paid to certain new hires. The catch is that these hires must come from one of nine specific “target groups,” including ex-felons, disabled veterans, “disconnected” youth, and food stamp recipients. The great part of this is that the benefit is available in 2009 Y 2010.

Another area of ​​business opportunity is partially included in the “Work Opportunity Credit” discussed above and is a program that I have had the privilege of using recently. My local county (San Bernardino) has been allocated ARRA funds to provide youth to work for businesses of all kinds and in various capacities. As long as your business has room for an entry-level employee where honing a skill or learning a general business practice is allowed, this program covers wages and workers’ compensation insurance for 18-21 year olds for up to 180 hours. This is a summer program, but will also be moving to a year-round opportunity. While details of this program may vary by county or municipality, please visit the Career Institute at http://www.careerinstitute1.org/ for information on this program in San Bernardino County. The friendly staff will be able to help you find young people to hire (for free!) or locate an organization equally suitable for your company.

While there are many areas of assistance for small businesses, ARRA is also focused on helping individuals with some very exciting programs. Although the focus of this article is on small businesses, since we are all individuals, let’s also take a quick look at some of these benefits:

1. Payroll tax credit (the “Making Work Pay” credit): Similar to the Economic Stimulus Act described above, this credit will provide $800 for joint filers and $400 for individuals. This credit will be phased out for individuals earning AGI over $75,000 and couples earning AGI over $150,000. However, unlike last year’s check payment, this credit will be in the form of a reduction in withholding tax.

two. Credit for new home buyers: This credit will provide first-time homebuyers with an $8,000 credit for home purchases made between January 1 and December 1, 2009.

3. Home Energy Credit: Homeowners who make financial outlays to increase the energy efficiency of their homes in 2009 and 2010 could receive up to a 30 percent (or up to $1,500) credit for those purchases.

Clearly, there are many other areas of benefit that the American Recovery and Reinvestment Act of 2009 has reserved benefits for both small businesses and individuals. A great place to start to further explore these opportunities is the official ARRA website, www.recovery.gov. From there, you can research various aspects of ARRA, including information about the unprecedented level of accountability and transparency built into the Act. Also, since a large portion of ARRA funds go directly to individual states, you can use the site’s state, local, tribal, and territorial information portal to find more detailed information about programs available in your area. I personally encourage you to explore the ARRA-related Wikipedia entry, and more specifically a breakdown of the Act’s provisions, by clicking here. While Wikipedia is by no means a source of academic information, this page does provide an excellent (read: simple) breakdown of the Law and where you will be focusing and spending your money, giving you a great springboard for conducting your own research and for benefit areas to discuss with your business and personal accountants.

In general, however, one of the best ways you can prepare to take full advantage of ARRA is to arm yourself with knowledge of the benefits the Act has to offer and bring this information with you when you consult with your accountant or financial advisor. . plan. Since he/she is intimately familiar with you and your business, lobby this person on the subject of ARRA and encourage them to do their due diligence to discover how the many benefits of ARRA can help you and your organization.

Due to the multiple advantages offered by renting vans, it has become one of the best alternatives when purchasing a commercial vehicle. If your business requires you to rent a commercial car, talk to a van rental company today. They can not only be leased for industrial use but also for personal use. This is the reason why vehicle leasing is considered one of the most profitable avenues for any business. To lease a commercial van, all you need to do is visit a van rental agency, choose the car you want, pay the deposit, and turn it into the vehicle you want. As the van is not entirely yours, if you wish, you always have the option of finally giving it to the company or buying it. Aside from that, you can also lease another new vehicle.

In addition to these, there are many benefits to van leasing. Some of them are listed below:

• Lower monthly payments – When compared to buying a vehicle on installments, it offers lower monthly payments. Instead of making payments for the full lifetime value of your desired car, you’ll pay the value of the commercial truck only over the term of your lease.

• Change van models quite frequently – While you opt for van rental, you are actually agreeing to the contract. This deal can be done for one year or more. Therefore, at the end of each contract, you are obliged to change the model.

• Less Cash Up Front – Most truck leases require little or no down payment, making vehicle ownership a more affordable option for people from all walks of life. However, you have the option of making down payments to lower your monthly payment amount.

• Wide variety of vans under one roof: Most van rental companies have a wide range of commercial vehicles. From Volkswagen, Mercedes to BMW, you can lease any brand van model.

• Short-Term Lease – People can choose to own a new car quite often if they agree to the terms and conditions of the lease, as the company leases commercial vehicles on a short-term contract.

If you want to enjoy driving a new van every three or four years, car leasing is definitely the perfect option. Leasing is and always has been a smart business strategy, especially when vehicles are one of the main business expenses. Whether you’re running a small or large-scale business, leasing a van can provide you with many benefits while keeping your business operating costs fairly low. If you haven’t considered leasing a business car yet, think about it and make your decision wisely. There are several companies that lease commercial vans at competitive prices. To speak with their executives find their contact details today.

Only one in 5 companies makes it to the fifth year, and even fewer make it to 10 years. What do successful companies have in common?

1. The experience and skills of senior managers. More than half of business failures are directly related to managerial incompetence.

2. The energy, persistence, and ingenuity (the will to make the business successful) of the top managers. Many business owners have failed or come close several times before their “instant” success. do not give up

3. A product that is at least above the competition and a service that doesn’t get in the way of people buying. There must be a compelling reason to buy; the product is great, people love to serve, and the shopping experience is easy and fun.

4. The ability to create a “buzz” around the product with aggressive and strategic marketing. Make scarce marketing resources count. Do as much research as you can about your customers and their options before spending your money on marketing.

5. Skills to make deals to sell the product at the highest possible price given your market. It all comes down to your customers’ perception of the value of your product, and sometimes the power of your personality.

6. The ability to continue developing new products to retain and build a customer base. Consider incremental product development based on enhancements to the current product line and sold to the current customer base.

7. Dealing skills to work with resource providers to keep costs down. Keeping costs lower than the competition and continuing to seek cost reductions even when the business is profitable is key.

8. The maturity to treat employees, suppliers and partners in a fair and respectful manner. Trust and respect result in productivity gains in ways that can be difficult to see and quantify.

9. Superior location and/or promotion creating a connection between your product and where it can be obtained. Studies have shown that it may take seven times to see your product or name before a customer is ready to buy.

10. A steady source of business during good economic times and recessions. In the long term, develop a product mix that includes winners during good economic times and other winners when times are tough.

Technology has become an integral part of our lifestyle. From our professional to personal routine, many devices are always required at hand to keep up with all kinds of tasks. Recent years have seen a staggering increase in the demand for printing. The higher the demand for any product, the faster manufacturers will try to make it available to the masses easily at competitive prices. Society is moving into a do-it-yourself era, where everyone is looking for ways to become more and more self-sufficient. If you are creative and love to play with prints, owning a DTG or UV printer can be the most satisfying thing in your life.

Be your own designer with DTG printers

Direct-to-garment printers are designed in various ways to accommodate different business innovations. Choosing the correct DTG is very important as these machines are not universal. They are available in three different ranges: entry level, mid-range and industrial. Entry level DTG printers are the most basic machines aimed at understanding how they can be used in a business. Ideally, even small-scale businesses require medium-scale DTG to make their ideas flourish. Industrial DTGs are essential for manufacturers working with brands that demand consistent, high-quality design on a large scale.

These printers use inkjet printer technology to print high-quality designs on your garments. It’s a one-time investment in this incredible machine, and once you understand how it works, your business will never look back. There are unlimited colors to add life to your designs. Precision makes every print perfect and attractive. Installing these printers is the most reliable shortcut to start your clothing line or brand and create fine products. Bring your knowledge of fashion trends to the world with this magical machine and be your own clothing designer.

Customize your accessories with UV Printers

UV printers are modified versions of conventional inkjet printers suitable for faster and longer lasting results. Printing has become a very intriguing part of the design industry. You can think, innovate and create your designs according to your preferences. Traditional ink printing involves the release of solvent components into the air. So UV printing is also beneficial for the environment and apparently for people who love to personalize their belongings like phone cases and bottles.

UV printing advances with every moment of creation; vibrant graphics are becoming more popular with easier access to high-end UV printers. There are three types of UV printers: flatbed printers, inkjet cylinders, and conveyor printers. Flatbed printers are versatile in size and types of materials to print on, but are limited to flat surfaces. Conveyor printers are used to print labels and. Cylindrical inkjet printers can print on surfaces that vary in shape. If you think that graphics help convey our thoughts in a better and interesting way, then having a UV printer must have crossed your mind often. You can choose the right printer in no time if you have clear ideas.

In the aftermath of 9/11 and the growing problem of workplace violence, the demand and need for employee background checks and security checks is now greater than ever. Employers are increasingly turning to screening companies to conduct employee background checks on new job applicants and existing employees, including positions where a lot of attention may not have been paid to job security. the “pre-9/11” era. Many employers now require security clearances for many non-defense “high-tech” positions, including computer programming. Federal or state law requires employee background checks for certain occupations, such as child labor, law enforcement, defense contractors, and any federal employment.

security clearances

Often in employee background checks, especially when a security clearance is required, employers may also check the criminal history of a job applicant’s spouse and decide not to hire someone based on their criminal history. spouse, even if the applicant has a squeaker. clean file. In a traditional employee background check, only the applicant or employee is screened, whereas for a security clearance, the spouse and other family members are also screened. This is true not only for top-secret jobs within the US Armed Forces or defense contractors, but also for many “high-tech” civilian jobs, such as programming. Unfortunately, in some situations, who you are married to can determine your employability. A dishonorable discharge from the US Armed Forces will automatically eliminate any chance of obtaining a security clearance.

In an employee background check, some things cannot be reported: civil lawsuits, judgments older than 7 years, tax liens paid and collections paid older than 7 years, bankruptcies older than 10 years. All information except criminal convictions over 7 years. Although employers are prohibited from requiring applicants to provide copies of their criminal records, they may obtain this information from other sources, such as private agencies or public records.

Criminal records or “strip sheets” are not public records in all states. In some states like California, these are only available to certain employers where state and/or federal laws require employee background checks, such as: utilities, child care services, law enforcement, security companies, defense contractors.

credit checks

A credit background check is usually part of an employee’s background check; however, employers must obtain the employee’s or applicant’s written consent under the Fair Credit Reporting Act, FCRA (15 USC §1681). Many employers consider a person’s credit habits to be a good judge of character. Following any decision not to hire someone based on their credit report, a copy of the report must be provided to the employee or applicant so that they have the option to contest it. Employers cannot fire a current employee for filing bankruptcy, but prospective employers can legally reject a job applicant. There are two different types of credit checks. A standard credit bureau report is obtained from any of the 3 credit bureaus, Equifax, Experion, or Transunion. This reveals a person’s creditworthiness, their credit habits, their creditworthiness. A consumer research report is much more extensive and delves into character, lifestyle, reputation, etc. of a person. This is usually acquired by contacting associates, including neighbors or friends of the applicant to inquire about her character.

In today’s increasingly safety-conscious world, employers feel they have a responsibility for the well-being and safety of their employees, the company’s reputation and responsibility. Job applicants and employees can look forward to more employee background checks and being put under the microscope more than ever.

If you’ve been a small business owner for some time, you’ll realize there’s been an ongoing debate about the best software to buy when setting up your small business. Presumably you are past the point where you decide IF you need software. Given the low prices and ease of use of many lines of accounting software, spending $100 or $200 on finance software really is a no-brainer, even if you’re on the tightest of budgets. Accounting software makes perfect sense and is affordable enough for everyone. If you doubt that statement, you’re likely to be in trouble and waste a lot of time figuring out accounting the “old way.”

QuickBooks and Quicken are the two dominant software packages on the market right now. Of course, there are free imitations, but my general experience has been that free imitations take a long time to learn and don’t save you much time in the long run. Yes, they are free, but how much is your time worth? Ironically, those two software applications are from the same company, Intuit, but for slightly different markets. Let me explain.

Quicken is for the small, sole proprietorship business that doesn’t need a lot of printed forms, customer receipts, purchase orders, invoices, or other accounting documentation. You can print invoices, but it’s not as easy as with QuickBooks. Also, between the two packages, Quicken has a smaller learning curve, making it easy to install, configure, and get started. If you simply need an easy to use checkbook balancer, this is the product to get. You can keep track of loans and repayment schedules. It also gives you the option to plan your finances and savings for retirement. Once again, its strength is its ease of use.

QuickBooks, on the other hand, is ideal for a small LLC, corporation, or limited company that actually employs people. If you need to keep detailed records of cash, inventory, or assets, you need QuickBooks.

This product includes robust features to automate general accounting tasks such as customer statements, payroll, and finance charges. A great under-discussed (and also underused) feature that QuickBooks has going for it is the compartmentalized security features that make it possible for your bookkeeper or CPA to keep your books without needing them to look into every area of ​​your finances. It’s a rare feature, it seems.

Both products are good at what they do and are priced accordingly. You might even find coupons online to make shopping more enjoyable. Each app is packaged slightly differently with its own versions of Deluxe, Super Deluxe, and “We can’t put more features in this product without taking up massive amounts of hard drive space” Deluxe, so be sure to check each one out for the features. features that will be important to you and your business.

Countless people have been known to make their fortune through real estate investing, and you may have heard of a friend, relative, or colleague who similarly achieved a significant increase in their net worth when they sold a property in which they had invested. years ago. Others have found financial freedom through their real estate investments, as their portfolio of well-chosen properties has provided them with a sustainable stream of rental income. Robert Kiyosaki of Rich Dad Poor Dad Fame is one of the main proponents of real estate investing.

However, just like investing in any other asset, investing in real estate requires careful planning, preparation and implementation. Here are some common mistakes to avoid before investing in your first real estate.

Trap #1: Investing in real estate is not a get-rich-quick scheme.

Real estate investing is often promoted as a get-rich-quick scheme by so-called real estate investing gurus. However, this couldn’t be further from the truth. It takes time to pick a great property that will increase in value, and in the event that you have chosen the right property, it takes more time for it to increase in value. And in case you were wondering, trading property in an attempt to get rich quick can be a risky undertaking!

Pitfall #2: Not doing thorough preparation and research

Real estate as an asset class works like any other long-term investment, you’ll need to plan ahead, work hard to find decent real estate deals (or hire a real estate agent to do it for you), understand how a property can fit to your investment plan, calculate the cash flow that can be derived from the investment, and the list goes on.

Also, unlike liquid assets like stocks, real estate is an illiquid asset class. This means that it is difficult for you to liquidate this asset immediately without the risk of losses in the real value of the asset. Therefore, further investigation is needed to justify the investment.

Trap #3: Not Doing Due Diligence

Not all properties will appreciate in value over time. Factors such as the future development plan of the neighborhood, the demographic trends of the city, the economic health of the city or the country all contribute to the viability of a real estate investment.

Unfortunately, new investors make decisions to purchase properties based on ‘gut feelings’ or a vague idea or belief that given properties will increase in value. They buy it based on the sales pitch given by their real estate agent. They don’t do their due diligence on the deal, costs, or market conditions, and end up depleting their personal savings because the house needs extensive repairs or they can’t sell it.

conclusion

These are the three main pitfalls of investing in real estate. Read a lot and research thoroughly about the property you want to invest in. If you can commit to thorough research before committing to a property, you will avoid the common pitfalls that have plagued investors and radically increase your chance of making a successful investment.

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planning your next romantic getaway

When planning your next romantic getaway, consider staying in one of the many overwater bungalows in Thailand. These luxurious, waterfront properties offer couples the opportunity to spend quality time together in a peaceful, natural environment. Whether you want to enjoy the stunning views of nature or simply relax and unwind by the pool, these overwater bungalows offer the perfect solution. In this article, we will explore some of the benefits of staying in one of these luxurious retreats.

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The cost of Thailand overwater bungalows varies greatly, depending on the season, weather conditions, activities, and facilities. In general, overwater bungalows in Thailand are cheaper between May and September, as the weather in these months discourages many tourists. In addition, less number of tourists means cheaper prices, making it the ideal time to visit. This means that you can enjoy the many amenities and relaxing vibes of these unique accommodations without breaking the bank.

While it’s tempting to spend a large amount of time on the water and enjoy the view, the comfort of overwater bungalows in Thailand is paramount. A perfect spot for romance and relaxation, these accommodations provide a stunning setting for honeymoons. Whether you’re on a tropical island or want to explore the island’s vibrant city life, you’ll find an ideal location for an overwater bungalow.

When planning your next romantic getaway

If you’re travelling with a group, consider staying in an overwater villa. These spacious units have two connected overwater bungalows, giving each guest their own private space. They have a total living space of 86 square meters (925 square feet), and come with 2 kayaks for exploring the surrounding waters. And while you’re staying in the ultimate luxury, these overwater bungalows in Thailand are still extremely affordable. In fact, you can easily get one for less than $100 a night.

Some of the overwater bungalows in Thailand are located in the islands of Koh Tao and Phuket. They offer breathtaking views of the island’s mountains and lush bay. They also feature a private bathroom and refrigerator. Some of the bungalows have a terrace around the bungalow. The thatched roof gives the bungalow a distinctive appearance, and excellent ventilation is provided by the open air. Typically, prices for these overwater bungalows begin at $130 per night.

Some overwater bungalow resorts are also located on remote lakes, such as Cheow Lan Lake in Southern Thailand. These bungalows, sometimes called floating bungalows, are a great way to get close to nature and enjoy the view of the mountains and the waterfall. If you’re traveling with a large group, a small floating resort is a great choice for a romantic getaway. Unlike many other hotels, Thailand overwater bungalows can offer a truly unique experience, so you’re sure to enjoy your vacation in style and comfort.

Among the overwater bungalows in Thailand, Koh Tao Bamboo Huts are an elegant, upper-middle-range hotel. Located on a small white-sand island, this property has 19 bungalows, some of which are oceanfront. The bungalows feature ocean views, outdoor showers, and terraces. A nearby restaurant and bar offers Thai and international fare. Free Wi-Fi is also available. Koh Tao Bamboo Huts also offer a PADI dive center.