Blogroll
Archives
Monthly Archives: December 2011
Timeshare Transfer Expectations
Many people are interested in transferring their timeshare ownership, but they are not sure what to expect. It can be intimidating to step into a foreign language of laws and regulations, but Preferred Transfers is here to help. Once you have chosen an agency to handle your transfer, familiarize yourself with the transfer process. By communicating regularly with your agency, you will keep up to date on your transfer and will know exactly what to expect.
Prepare to answer a lot of questions when you first call to start a transfer. You will want to have as much information on hand as possible so that this step goes smoothly. The transfer agency will get in contact with your resort and start running a lot of the process on its own, but you can speed things up by providing as much information as you can while ensuring your privacy.
Even under the best circumstances, you should expect your transfer to take a few months. A lot of legal hoops must be jumped in order to complete a successful transfer, so keep in touch with your agency. If and when snags occur, get an updated time estimate from your agency and try not to panic. If your agency has experience and expertise in its field, it will overcome difficulties in a timely manner. Aim to start your transfer process in the next couple weeks so you can breathe easy a few months from now!
Credit Coach – Companies That Can Help You Build Business Credit
I work with all kinds of entrepreneurs. Some are glad to sign on the dotted line to guaranty a loan. Many don’t mind using their home or assets as collateral for their business because they believe in themselves and believe in their business.
But there are times – and circumstances – when someone doesn’t want to – or can’t – use their personal guaranty, their personal credit. Sometimes an entrepreneur can’t or won’t use their personal assets. So what can they do?
They can build business credit – often unsecured and without your personal guaranty. As long as business owners find the right ‘business credit coach’, it is very possible to set up business credit cards, lines of credit, loans, and business terms with vendors of all kinds. As I always say, when looking for these coaches, make sure you pick the right one. There are good ones and bad ones.
These business credit coaches offer a step-by-step process that results in a solid foundation for business credit success. The steps are proven to help you obtain credit and financing for your business… sometimes it is guaranteed!
Many have a systematic approach with highly predictable outcomes to ensure your long-term success. Many companies offer a web-based back office that carefully tracks your progress and measures your results helps you to know exactly what you have accomplished, what you are currently working on, and what is to come.
There are various levels: some offer a guidebook, others give you unlimited access to trained coaches throughout the program. The assist in preparing credit and loan applications and target the application to the best lenders nationwide.
A general list of offerings include:
1. Registering your business with Dun and Bradstreet.
2. Obtaining a DUNS number for your business.
3. Establishing a proper DUNS rating for your company.
4. Entering your business into the banking system.
5. Providing you with a list of vendors who report to
the business credit bureaus.
6. Providing you with a list of vendors who will grant business
credit without a personal guarantee.
7. Providing you with a list of business credit cards
to apply for.
8. Assisting you in obtaining a standard industrial classification
code.
9. Assisting you in obtaining a favorable Paydex score.
10. Assisting you in obtaining a favorable Intelliscore.
11. Assisting you in setting up the foundation for building
business credit.
12. Provide you with banking contacts that will grant unsecured
business lines of credit.
13. Set up of your Corporate Experian business Credit report
14. The business credit coaches will also be your first trade
account reporting to Corporate Experian.
Tagged Coach Companies, Credit Loans, Personal Credit
Business Insurance – Today’s Business Lifeboat
Do you run a small business? Is your business insured? If not you could be risking your and your business’ future.
Learn about business insurance, and see why its today’s business lifeboat.
Expensive if You Don’t Use It – Cheap if You Do
The cost of doing business today is rising all the time, its true. Salaries and worker’s benefits are taking a bigger chunk of your profits.
Taxes are always a key consideration, and material costs are rising as well. Add to this insurance, and you have a real significant number on your cost of doing business column (on your profit and loss statement).
When looking at insurance you will be amazed as the amount of risks you are obliged to cover.
There are the obvious accidents or acts of nature risks, worker’s compensation, health and retirement plans, but then there are a host of other risks that can, and many should be insured.
It’s a maximum that all insurance is expensive if you don’t use it, but very cheap if you do.
The “Got To Have” Business Insurance Risks
Here is a list of basic insurance risks that every business should cover;
o Fire, Theft, Water Damage, and Malicious Damage to your business location
o All required worker insurance obligations, and for good worker relations, some perk insurance for employees, like some group private health plan, and retirement fund.
o Product liability if you are producing a product
o Transportation insurance for all your vehicles (full Casco advised)
o Fidelity insurance if your employees handle money. This may be a really indispensable pre-paid asset to your business.
The “Nice to Have” Business Insurance Risks
o Business interruption insurance
o 3rd Party Liability if you are producing a product for wide distribution
o Litigation insurance
o Damage due to civil disobedience and terrorist activity
o Business specific items
Buying Insurance
The choice of buying insurance is becoming a tiresome activity with so many options and prices (and insurance terms), that finding and using a good broker may be your best bet
The insurance broker has some advantages over using one company exclusively.
The broker can shop around, negotiate directly with underwriters (which you cannot do), and tailor make some policies for you.
The cost of using a broker may be easily absorbed by the lower cost of the insurance he provides you and your business.
You must make very sure of the broker’s qualifications, and demand a list of companies and underwriters he deals with.
Ask for a client list, and his inclusion in professional insurance societies. A search on the internet is also helpful. When you are satisfied, start using the broker to plan your business insurance risk profile and coverage plan.