3 Reasons Why a Virtual Office Can Add Value to Your Small Business

- - Business

Over the years, cosmopolitan cities like New York, Miami, and Los Angeles have become synonymous with entrepreneurial adventure. Just look at San Francisco and its tech playground, Silicon Valley. It is teeming with startup ventures and digital agencies, all trying to take advantage of the latest market trend. Yet, there is good reason to believe that this fertile bubble is now on the decline.1 3 Reasons Why a Virtual Office Can Add Value to Your Small Business

According to analysts, the economic recession has made it tougher for small businesses to survive in the States. Rent costs are rising and many entrepreneurs and SMEs are being priced out. The same thing is currently happening in London, but in both the UK and the US, the startup market continues to grow. Clearly, young companies are adapting.

This guide to the benefits of virtual workspaces will explain why opting for a flexible office could be your key to success.

Building a Corporate Brand

Older brands and bigger businesses don’t like to admit that a successful company can be run out a garage, a shed, or a bedroom. Yet, we know that it is true because many famous entrepreneurs have done it this way. Crucially, however, they’re not in their bedrooms anymore. After a certain point, you really do need a proper corporate address. This is as much for image purposes as anything else.

Investors are always going to be more convinced by a company with the right signs of professionalism. The good news is that you don’t have to pay for a full, long-term office lease to get them. Virtual offices are like the gyms of the corporate world. You can visit whenever you like and pay to use only the tools and resources that are valuable to your business. Visit www.servcorp.com/en/virtual-offices/ to find out about the best facilities available in New York, California, Pennsylvania, and Illinois.

Giving Your Business Added Relevance

Generally, businesses that are situated close to the central shopping and financial districts of major cities get the most opportunities. If you’re two blocks from Wall Street, for instance, you’re clearly better placed to sell to wealthy consumers and attract big money investors. However,central locations mean high rental costs and many small businesses simply cannot afford to relocate. What they can do – and what you can do – is cheat the system.

Virtual offices are set up to function as fully equipped, on demand workspaces. If you’re a registered customer, you can visit anytime anduse the address as your business address. You can even set up a mailbox service, which will process and hang on to your letters until your next visit. So, you can keep your store or workshop out of town and benefit from an impressive city location.

Making the Business Available to Clients

The one thing you do need to remember is the importance of business contacts and networking. Forging the right relationships is vital, particularly for start-ups, because it could mean the difference between small fry projects and landing the contract of a lifetime. All good virtual office facilities include access to high-quality conferencing rooms and meeting spaces.

So, even if you don’t operate out of a traditional office,you can still host important clients and investors in a professional environment. These conferencing rooms contain video equipment, projectors, electronic whiteboards, and other presenting tools. If you need help setting any of the resources up, you only have to speak with an office manager or representative.

Finding the Right Virtual Office for Your Business

There are scores of great virtual facilities in many of the major US cities, from Dallas to Boston, Atlanta, and beyond. To find one that works for you, take a look at the office solutions in the area that you want your business to be associated with. This might be a location that you’re planning to relocate to or it could just be somewhere that you split your time between. Either way, the first step should be to take a guided tour and experience the environment for yourself.

 

 

FOMC MEETING EXPECTED TO SET THINGS CLEAR

- - Business

Whenever the Federal Reserve officials come out to raise their views on the market, the more muddled up the economists and investors get. The situation continues to be more confusing possibly up to September 21 when the FOMC meeting will kick off.

The split amongst the officials is noticeable

The Governor of the Federal Reserve, Daniel Tarullo, continued with his cautious interpretation of the economy while his counterpart President Eric Rosengren of Boston Fed went on to insist on the need for slow tightening. Just before the meeting expected to be held on September 20-21, there still seem to be divisions within the FOMC that appear to fade the picture of what will be decided.

“Everyone seems to be staying in their path,” indicated a CMC Markets staff. This further complicates the interpretation of the recent inconsistent data that includes the under-forecast jobs report of August.

Analysts continue to raise their views, and it is highly improbable that the Fed will raise the interest rate for the month.

Tarullo commented that he will wait until the economy gain momentum in order to raise the interest rates. He further declined to rule out the possibility that he and his team might move before December.

Views shed light on recent data

Governor Rosengren showed that the increase in salaries and wages displayed a unique similarity with the labour market starting to delineate its place in the wage data. He later commented that if failing to slowly get rid of accommodation will shorten the duration of the expected recovery.

Robert Kaplan, the Dallas Fed President, indicated that the past data had provided enough reasons for a possible interest rate increase. He later indicated that he would not have time to be cautious or patient, in that case.

As it always happen, once the Fed will move Tarullo and Rosengren will have the same stance. Despite his side, Tarullo seem to consider a possible rate increase.

The upcoming speech means a lot to investors

The discord in interpretation of the situations has led all interested parties to place a lot of importance on the speech to be delivered by Governor Lael Brainard in Chicago on Monday. This will be the last appearance of Fed before the FOMC meeting later in the week.

Numerous players in the market factored in a September rate hike after her speech was made public by Fed on Thursday.

Will the meeting bring unity?

Not only the market and investors are surprised by this wave of events, but also the Fed, who are not sure what their colleagues will support.

The Fed President John Williams of San Francisco said that it is in Washington that the views will be brought together and while considering the economy, a proper decision will then be made. The Governor said this on September 6 while in Reno, Nevada. For his part, he choose not to stand with any side and failed to comment on which side he will support come September 20-21 meeting. Further, he insisted that the decision they will fall for will entirely depend on what the economy displays as well as what will be discussed in the meeting.

Governor Tarullo further indicated that a huge discussion may be the order of the day depending on the data that is available; and what it means to the monetary policy.

Everyone seem to look for any possible signal from the Fed’s Federal Open Market Committee, but nothing seem uniform and nothing seem clear up to the end of the week. Given the current communications from Fed, it is nearly impossible to jump to any conclusion.

A specific decision to help make any conclusions ahead of the committee gathering in Washington DC will be too much to hope for from the Fed. The split and inconsistencies among the members only complicates the matter. In fact, more questions than they could be possibly answered by the Fed come up. Will the FOMC meeting be the market mover for next week? It is only time will tell.

Currency Trading Queries Answered

 

What is so different about the forex/currency market?

 

Forex is currently the largest trading market in the world, saying that it has only recently become a thing for the general ‘run-of-the-mill’ traders. Up to a few years ago when online trading became a hit and began to become a thing of the norm, the forex market was only used and was the domain of large financial institutions, worldwide corporations and various hedge funds. As times have changed, investors want to get a taste of the currency market. So, whether you are a forex beginner or you are looking for a good read about Forex, read on to find out the answers to some top currency trading questions.

 

Why is the Forex market different to others?

 

Stocks, futures, assets and options take place on what is called a regulated exchange. Currency trading does not. Regulated exchange is where the platforms are controlled by a governing body and where there is a panel to resolve disputes. With forex trading members trade on literally a handshake, something called credit agreements.

 

There is an amount of self-regulation within the forex market and members have to both compete and cooperate with one another, this provides a steady level of trading on certain platforms. In saying this, regular traders and dealers have to become a part of the National Futures Association which is where they bind to an agreement in the event of a dispute. Platforms like CMC Market are members of the NFA.

 

With Forex trading there is a number of ways that you can trade and bet. There is no rule with trading as there is with trading stocks. You can contemplate whether a currency pair will rise or even fall and bet your trade on such assumptions. Additionally there is no limit on the size of your investment. If you had one million, you could invest one million.

 

 

Is there commission fees in forex trading?

 

The forex market doesn’t have commissions because it doesn’t have brokers. Brokers are only used when trading stocks and shares. When a broker provides an advisable service or emits a trade for their client they are paid a commission. Forex simply have dealers who make their money through the bid-ask spread.

 

With forex trading apart from these initial fees, the profit made is for the investor alone to keep.

 

What exactly are you selling and buying in the currency market?

 

In actual fact with forex trading you are neither buying or selling. There is no physical exchange of currencies and you don’t own anything, hence the fact it is known as tax free trading. As the market is traded in currency pairs, it is simply the matter that the trader decides to go short on one currency and long on the other.

 

What are the different currencies?

 

There are some dealers who deal with diverse currencies like Czech koruna for example but there are a few main currencies to take note of when trading. The following pairs account for over 95% of all trades in the forex market. These are the currency major:

 

EUR/USD (euro/dollar)

USD/JPY (dollar/Japanese yen)

GBP/USD (British pound/dollar)

USD/CHF (dollar/Swiss franc)

 

The following are the commodity pairs:

 

AUD/USD (Australian dollar/dollar)

USD/CAD (dollar/Canadian dollar)

NZD/USD (New Zealand dollar/dollar)

 

What are some of the terms used in Forex Trading?

 

Cable, sterling, pound – different names for the GBP

Greenback, buck – names used for the U.S. dollar

Swissie – another name used for the Swiss franc

Aussie – another name used for the Australian dollar

Kiwi – another name used for the New Zealand dollar

Loonie, the little dollar – various names used for the Canadian dollar

Figure – A forex term meaning a round number like 1.2000

Yard – a billion units, for example “I sold a couple of yards of sterling.”

 

 

Is Forex Trading for me?

 

If you are thinking about taking up Forex trading then have a look at platforms that offer a demo trading account so you can get the hang of things before you invest in any money. There is plenty of courses and training material to look into as well if you think you might be interested in Forex Trading.

 

Let’s Understand What The High Risk Merchant Account Is

- - Business, Legal

High risk merchant accounts are basically merchant accounts or are payment processing agreements that would be perfectly fit for those businesses that are labeled as high risk. Such a merchant will basically be forced to pay higher fees, adding to business costs and directly affecting ROI and profitability. That is especially the case for those companies that ended up being re-classified as being a part of high risk industry. When something like this happens and you are not ready to deal with all the extra fees, bankruptcy is right round the corner.

UniBuls High Risk Merchant Account Solution Let’s Understand What The High Risk Merchant Account Is

The very good news is that there are companies that are specialized in offering services for the high risk merchants. Extra services are also developed for the industry like high risk merchant accounting by Payment Savvy. When you work with a company that has such a specialization, you gain access to faster payouts, highly competitive rates, lower reserve rates and much more. Everything is basically designed for gaining customers that have trouble in locating places to do business as they want to.

There are various businesses labeled as being high risk simply because of industry nature, how they operate and other related factors. As an example, all the adult businesses will be seen as being high risk operations, just like the travel agencies, collection agencies, legal gambling, bail bonds and various online financial institutions. Processing the payments for the companies will automatically involve a higher risk for financial institutions and banks. This will make the companies obliged to agree to the high risk merchant account, one that is special and that includes higher fees.

We have to see merchant accounts as being bank accounts. However, they will function in a similar way to the credit line that will allow the individual or company to receive a payment from debit cards or credit cards. Banks that offer merchant accounts are known under the name “acquiring banks”. Banks that issue the credit card for the consumer are referred to as being “issuing bank”. We also have a gateway involved in the processing cycle. It is basically the medium that will handle transaction information transfer from a consumer to a merchant.

What needs to be remembered is that payments that go towards the high risk merchant account will be deemed as being really risky as there is a high fraud possibility and there is a higher chance to be faced with reversals, refunds or chargebacks. As an example, when a person uses forged debit cards or stolen cards to make payments, that payment would be eliminated and fraudulent. Such situations are not common but the possibility to end up with chargebacks with collecting agencies, as an example, is much higher.

As the merchant applies for merchant accounts with payment processors or banks, various factors will be taken into account before the account is accepted or not. It is normally possible to work with the merchant account provider in order to get lower rates. Multiple quotes have to be requested before the high risk merchant account service provider is chosen so that all needs are properly met.

 

How to Choose Insurance Company for Small Businesses

- - Business, Legal

Business liability insurance – or “commercial general business liability insurance” – safeguards a company’s assets in case of a lawsuit. It provides financial payments for any settlement or award assessed against the business, which may include legal defense fees.  It never hurts to have a good HR graduate on your team to help deal with the lesser issues though.

How to Choose an Insurance Company

The United States Small Business Administration provides advice about how choose an insurance company and policy. To find the best company for you, the agency recommends:

Shopping Around

Compare multiple companies’ policy options, meaning coverage types, premiums, and deductibles; to not only be able to see what options are available to you, but also to learn about the companies and business insurance practices in general.

May companies use the term “business liability insurance” as a general category for multiple types of policies, including disability, commercial auto, and general liability. Shopping around will help you understand what a company considers to be “business liability” and the different policies you may need to purchase to meet your insurance goals from separate companies.

Seeking Assistance

The SBA recommends obtaining assistance from a reputable, licensed insurance broker. This is because an agent can usually provide you with better rates and coverage types or options than if you shopped on your own. You can typically find licensed insurance brokers by searching on your state’s department of insurance website.

Other Factors to Consider

An insurance broker helps you by first assessing your business’ needs. This tells him or her policy type will likely fit your business and helps narrow down the companies to investigate. A broker is not affiliated with any specific insurance company and therefore can research policies offered by multiple companies. After finding several policies that fit your needs, the broker will present them to you and, after you make your choice, help you purchase the policy.

Additionally, investigate how a company determines risk. An insurance company determines the policy premium and other rates associated with a policy it writes based on the operations risk a company poses, and every company has different factors it considers in its risk assessment. Risk is based on the number of years the company has been in operation, number of employees, and past claims, the SBA explains. A company that has a significantly higher risk assessment than others may be factoring in something that other companies overlook, which may mean higher premiums and deductibles.

You might also consider investigating a company’s ranking. A.M. Best and Standard and Poor rank insurance companies using letter grades, as based on their financial strength, meaning their ability to meet their financial commitments. For company’s rankings, the higher the letter grade, the more stable and reliable the company.

Finally, investigate whether the company has had any complaints filed against it. The National Association of Insurance Commissioners allows the general public to search for complaints filed against an insurance company on its website. While one or two complaints may not raise cause for concern, a large number of complaints may indicate that the company does not have the best business practices.

Choosing Your Company

Choosing an insurance company for your small business is a personal decision, and one that is dependent upon the type of coverage you seek and your business’ needs. Carefully compare several companies’ policies prior to choosing one.

 

Benefits of the Three Sides of Project Trade Off Triangle

- - Business

Benefits of the Three Sides of Project Trade Off Triangle

Project management is a practice that has been around for hundreds of years, and while methods and styles have evolved over time, the core elements remain the same: quality, scope and time. This trio of forces drives and determines the success or failure of any project, regardless of experience or industry and come together to form what is known as a tradeoff triangle; read on to find out more and why this principal is being taught in organizational leadership degree programs.

Characteristics

Distinguishing a project from day to day business practices is simple – a project has a specific objective, with a budget and timeline. While the complexity of the project may vary, the goal is the same; to gain control over the following variables:

  • Cost
  • People
  • Quality
  • Risk
  • Scope
  • Time

Control and results are achieved through the use of the tradeoff triangle consisting of three sides indicative of the three primary factors of project:

  • Cost – the budget and resources allocated to the project.
  • Scope – the specifics or features of the project.
  • Time – start and completion dates, including project makers or milestones as defined by the project timeline.

Benefits

At the heart of every project trade off triangle is quality, and as changes occur on any of its three sides, quality may be affected as a result. Successful project management requires a watchful eye on all aspects of the triangle, to ensure balance and harmony. The benefit of the three sides of this triangle is a type of synergy and heightened awareness of each component as the project moves forward and is ultimately resolved, allowing the project manager to make informed choices as inevitable trade-offs occur.

Optimization

Once the parameters of the project triangle are established, changes made to any of its sides will require an adjustment on the others in order to maintain balance. For example, a change made to the time of the project may result in an increase in cost. Conversely, a change in the cost as in a reduction of the budget, may affect the scope of the project.

In most projects at least one side of the tradeoff triangle is fixed or static, preventing it from changing. Whether the fixed side is the budget, time frame or deliverables, it’s important to know so the triangle can be optimized accordingly.

  • Optimizing to meet budget – If there is no flexibility on the budget, the scope of the project may need to be scaled back, or more cost effective resources used in place of the existing ones.
  • Optimizing to meet schedule – A fixed schedule may affect the scope of the project as elements may need to be eliminated or scaled back. In an effort to achieve the desired completion date, the cost of the project may be compromised as additional resources are required.
  • Optimizing to meet the scope – Both the budget and schedule can have an adverse effect on the scope of any project. An increase in either may result in better quality, while a decrease may have a negative impact.

“A project trade off triangle is an effective tool, used to track and keep control over the variables in any project. The benefits are clear: the project manager is able to prioritize and implement any changes required during the scope of the project, while maintaining the desired level of quality, resulting in a successful project completion. Next Gear Solutions is one such tool that can help you achieve these objectives.

 

Make Working at Home More Fun and Be More Productive

- - Business

Working at home is a real challenge for some people. As much as you might like the idea of doing this, it could be that you miss the contact with colleagues and everything else that goes with working in an office or factory.

In this case, it can be a big help to find some simple ways of making working at home more fun. As these ideas will make you enjoy your days more they will also make you more productive at the same time.

Listen to Music

Listening to music is a fantastic way of adding some extra pleasure into your working day. The type of music you choose to listen to will depend upon the work you do as well as your tastes. It might be that you need to speak to customers on the phone, so if you usually listen to loud rock music you might need to look for something a bit tamer. Many workers prefer classical music or find other instrumental tracks the best for adding some melodies to their work. It is simply a question of trying a few styles and seeing which ones appear to help you boost you productivity. If you don’t get a great sound from your current PC then you might need to buy some new computer speakers from the likes of Gumtree before you put some tunes on. Listening to poor quality audio isn’t going to be of much benefit to you and might put you off the idea before you even get started.

Inspire Your Creativity

What would work best in terms of inspiring you to be more creative? One good suggestion is to buy some pieces of art to add to the room you work in. These can help stimulate your creativity and make the room more interesting to look at as well. The same pieces won’t work in the same way for everyone, so you need to find artwork that inspires you. It is important to change your focus away from the screen during the day and this is an interesting way of giving you a reason to do this. Another idea is to fill the wall in front of you with inspiring quotes you have found online or notes you have written yourself.

Get Some Company

Maybe you simply won’t be able to adjust to the idea of working alone at home. This might seem like an impossible problem to solve but there are a couple of options you could try. The first one is to speak to other people who work from home near you. Maybe you could find a way of working together from time to time. This can add a new breath of fresh air to your working environment and make you enjoy it again. You might even cut down on your monthly bills if you find a way of working together in either your house or theirs. Alternatively, you could consider getting a pet. This might sound like it wouldn’t be a big help but having a dog or cat about the place could make you feel happier and therefore more productive. Even looking at pictures of cute pets has been found to have a positive effect on workers.

 

How to Find a Good Hot Melt Adhesive Manufacturer

- - Business

Melt Adhesive How to Find a Good Hot Melt Adhesive Manufacturer

If you are looking for a hot melt adhesive manufacturer, you first need to build a greater understanding of what you are actually looking for. You need to find a company that has an excellent reputation in terms of creative glue and other adhesive, including hot melt adhesives. One of the ways to tell whether they are good at what they do is by checking whether they work with a wide range of different industries. This is because although hot melt adhesive is a specialized product, it is used across a variety of manufacturing processes.

The company you work with should always be committed to researching their products. They should create something that is proven and accepted and then work hard on making their supplies consistent at all times. This means they should have a range of specialist personnel on board that has the right experience and knowledge. This is because, as stated, hot glue is a specialized product and different industries may have different demands in terms of what they are actually looking for.

Finally, a good company should not encounter production difficulties or, if they do, you should not be aware of these. Various poor companies have found that they have issues around the bounding properties of their glue, which you need to avoid. After all, if the glue doesn’t bond, the end product won’t stick together either.

To find a hot melt adhesive manufacturer, see here. This company ticks all the boxes. They are experienced, dedicated to the quality and innovation of their products and don’t experience any known production problems. Additionally, there will always be someone there to discuss your exact requirements with you, so that you get the exact product you need for your own manufacturing processes.

A Look At Scaffolding Safety Training

- - Safety

It stands to reason that if you are to install and use something like scaffolding then this is something that you need to take seriously. Scaffolding is something that involves working at height as well as possible other hazards, so this is something that you don’t want to mess around with.

Whether you’re just using scaffolding or you are someone that is going to install scaffolding you need to make sure that you can use it properly and ensure that the others around you can too. The good news is that you can attend scaffolding safety training courses which cover everything that is needed surrounding the installation and usage of scaffolding.

Scaffolding Safety Training

Of course when you look into safety training like this there will be different courses that you can sign up for. What you need to do is look at the different courses that are available and find one that suits you.

If you are someone that runs a scaffolding business then you need to make sure that your employees are well trained on the usage of scaffolding. Ideally you want to find a training course that covers how to use scaffolding, how to install it, how to prevent falls and how to work to OSHA regulations.

You will more than likely find scaffolding training courses that can come regularly to train your works and ensure that everyone is up to date with safety rules and regulations. That way you have peace of mind that you have done everything you can to keep the people that work for you safe. You can also boost to your customers that you offer a fully comprehensive safety service which can help to generate sales. Sound good? Click here for more information on training and how you and your business could benefit.

Uber Prevents DUIs Across the Country

- - Legal

The fight against DUIs has become so serious in this country, which the creators of mobile apps have begun to get on with the cause. The new Uber App is one that has been used at the Dallas Cowboys football organization in order to prevent intoxicated players from getting behind the wheel. The app actually acts as an automatic dialer, which calls the local cab company to pick the intoxicated player up at their current location. This app has been hailed as not only a great effort for the league, but also a possible solution for areas that have a high DUI rate. Of course, it is not going to be easy to encourage some people out there to willingly put an app on their phone that measures whether or not they are intoxicated.

In the cases where someone chooses to drink and drive, there will likely be the need for DUI and Criminal defense attorneys at some point in the future. These sorts of offenses can lead to major jail time, criminal convictions, fines and an inability to find work in the future. Having a DUI makes someone appear as if they are irresponsible and reckless to many around them, particularly employers. With a good enough attorney it is possible to take on the DA and attempt to have the charges lessened or dropped altogether, but with continued reckless behavior involving alcohol, there is a good chance that someone could end up in prison or worse.

With the use of apps like Uber becoming more main-stream, it could be possible to make the roads safer from drunk drivers. Of course those who have a drinking problem would need to ‘opt-in’ in order for these programs to be effective. The courts could begin requiring these apps be used when someone is convicted of a DUI, much like a Breathalyzer. If everyone began to value their life as much as the NFL values the lives of their players, there is a very good chance that the road would be a safer place to be.

The number of DUIs currently occurring in the United States in 2012 alone totaled more than 10,000 people. With the number of fatalities this high, the number of DUIs occurring has gone from being a problem to being an epidemic. If the use of Uber can begin to prevent deaths on the road, it should be marketed to the public en masse. Parents should begin requiring their children to use it if they want to continue receiving financial assistance from them, the courts should begin using it in DUI cases and it should be marketed on a national basis. With apps like Uber in place, there is a good chance that not only DUIs, but the culture around drinking itself will be transformed into something more responsible.

How to use coil nails and coil nail guns

- - Safety

Coil nails are nails that are used in a coil nail gun. The coil is nothing more than the cartridge that is used with the nail gun. Nail guns have an area of the gun where the cartridge is placed to hold the coil nails. Most coil nails contain 300 to 400 nails that are held together by wire. The nails come in a variety of shapes and for various construction needs and the gun used can be gas or pneumatic.

Another type of nail gun holds a stick cartridge that only holds 20 to 40 nails that are not in a coil but are in stick shape. The nails used in this type of nail gun also come in various sizes and are used for many different jobs.

All nail guns have a cartridge unit for holding coil nails so instead of hammering one nail at a time; you can easily use the gun to kind of shoot the nail in place under pressure. By using coil nails, carpenters and other construction workers can perform their job faster and often more efficiently with less injuries. Continue Reading