Advantages of Natural Stone Cladding

Stone cladding is a method of covering the walls using synthetic or natural stone veneers. Everyone wants the latest happening thing, whether it is a smartphone or natural stone veneers! Trends never die as new products are invented pushing older ones to oblivion. People tear down old looks and install hyped products, bringing luxury to their homes forcing others to follow the trend to avoid looking out of touch. For those with budget constraints natural stone cladding is the smart renovation option that saves money and beautifies homes too.

Stones are not only beautiful construction materials, but also investments as they enhance the resale value of your home. You may be surprised that even tenants look for homes with modern amenities and trendy designs. However, using natural stone veneers excessively is also not advised as they make your home look crowded. Installing only where they are required is a sensible option which saves time, money, and also makes your home look exquisite.

Stone claddings help you access luxury at lesser cost and keep up with the times. Here are some advantages that go along with these revamping materials.

Protection from weather

Constructions made of concrete are vulnerable to the action of environmental agents such water, heat, and microorganisms. Covering the walls using stone veneers shields your wall from degrading agents and makes it look exquisite.

Beautify walls affordable

Numerous color combinations and features make stone veneers the attractive choices for homes. Stone wall clads are an inexpensive way to give your walls, the most beautiful revamp.

Heat resistance

Natural stones absorb radiation and release them gradually, keeping the room temperature constant, helping you avoid dependence on room heaters. When used outdoors, they resist temperature well and remain strong for years.


Stone cladding are non-porous materials which protect your walls against attacks of environmental agents, thus enhancing the life of your walls.


Stone cladding are composites of stone pieces glued together as tiles. Stone claddings can also be man-made, usually of concrete, resembling the looks of materials such as wood, stones, ceramic, etc.

Easy customizable

Unlike stone, tiles are easier to cut and customize, saving you of troubles of heavy cutting work.

Light on walls

Stone tiles are heavy and many times not viable options for old buildings. In earthquake prone zones they are not advisable the construction becomes vulnerable to damage and are lighter with look good as well.

Enhances life

By protecting your wall against moisture and degrading agents, natural stone veneers add years to your construction.

Low cost

Cheaper compared to stones, but they are in no way less attractive.

Stone cladding is the latest trend among home owners that is sure to stay for some time. These are cost-effective ways to transform your home with little efforts and money. They enhance the life of your home and are safe options for constructions in vulnerable zones.

Source by Amaraneni Bharadwaj

Publicly Listing A Company – The Advantages And Disadvantages

A company’s reasons for deciding to publicly list on the stock exchange often include the ability to get access to the capital markets for financial expansion and acquisitions. They usually have invested many years of plowing back profits and guaranteeing borrowings and rather than sell out, they wish to remain with the company and be part of its future growth.

Even if your business is suited to floatation, it may not be the right choice for you. There are a number of key advantages and disadvantages to weigh up:-


o You get access to new capital to develop the business

o A float makes it easier for you and other investors to realize your investment

o You can offer employees extra incentives by granting share options

o Being a public company can provide customers and suppliers with added reassurance

o Your company may gain a higher public profile, which can be good for business

o Having your own traded shares gives you greater potential for acquiring other businesses, because you can offer shares as well as cash

o Personal guarantees of directors are not usually required for borrowings


o Your business may become vulnerable to market fluctuations, which are outside your control.

o If market conditions change during the floatation process you may have to abandon the float.

o The costs of floatation can be substantial and there are also ongoing costs such as higher professional fees.

o You will have to consider shareholders interests when running the company – which may differ from your own objectives.

o You may have to give up some management control of the business and ultimately there’s a risk that the company could be taken over.

o Public companies have to comply with a wide range of additional regulatory requirements and meet accepted standards of corporate governance

o Managers could be distracted from running the business by the demands of the floatation process, and by dealing with investors afterwards

It generally takes 6 months to publicly list a company on the stock exchange although the time period can range from 3 months to 2 years. You will need a range of professional advisors to assist with the legal, financial, accounting and valuation aspects of publicly listing plus prospectus preparation, underwriting of shares and assistance with IPO Plans.

Source by Len Mcdowall

History of the Curling Iron

History of the curling iron. Is there such a thing or is the curling iron just a modern invention? Each generation is the same. We think we have invented something new when perhaps all we have done is to modify “old inventions” by applying modern technology. Let us begin to investigate the history of the curling iron or, as it is also known, the curling tong.

Let us begin with the definition of a curling iron. It is a tool, a cylindrical metal appliance, used to change the structure of the hair by applying heat to a lock of hair that has been curled around it. It is natural to think with a modern mind and assume that the heat is generated by electricity. However, the curling iron goes way back before the introduction of electricity.

We only have to look at carvings from the ancient world to see that people cared about the style of their hair and that a popular style involved creating curls. Babylonian and Assyrian men dyed their hair and square beards black and crimped and curled them with curling irons. Persian nobles also curled their hair and beards, quite often staining them.

Egyptian nobles, men and women, cropped their hair close but later, for coolness and cleanliness in their hot climate, shaved their heads. On ceremonial occasions, for protection from the sun, they wore wigs. The wigs would be short and curly or long and full of curls or braids. The Science Museum has an example of curling tongs used by rich Egyptians to prepare their wigs.

In classical Greece it is known that the upper classes used curling irons.

Through time there have been many methods devised to curl hair and to keep the curl in place. For example, in 1906 Charles L. Nessler, a German hairdresser working in London, applied a borax paste and curled hair with an iron to produce the first permanent waves. This costly process took twelve hours. Eight years later, Eugene Sutter adapted the method by creating a dryer containing twenty heaters to do the job of waving more efficiently. Sutter was followed by Gaston Boudou, who modified Sutter’s dryer and invented an automatic roller. By 1920, Rambaud, a Paris beautician, had perfected a system of curling and drying permed hair for softer, looser curls by using an electric hot-air dryer, an innovation of the period made by the Racine Universal Motor Company of Racine, Wisconsin. A significant breakthrough came in 1945, when French chemist Eugene Schueller of L’Oréal laboratories combined the action of thioglycolic acid with hydrogen peroxide to produce the first cold permanent wave, which was cheaper and faster than the earlier hot processes. To control the amount of curl, varying diameter of rods were used for rolling. Technology to hold hair in place was advanced in 1960 when L’Oréal laboratories introduced a polymer hair spray to serve as an invisible net.

The curling iron has remained a favoured tool in spite of all the chemical inventions. We have moved on from the metal rods heated by insertion into hot coals or heating on gas or electric stoves. With no control of the heat of the iron there must have been many cases of singed hair, not to mention burnt fingers and scalps! Modern day styles demand more control and flexibility of hair style with hair looking loose rather than “glued into place”. Electrically heated and electronically controlled irons and tongs are now available. The barrels come in varying sizes enabling a tight curl or loose falling curl finish. Some have a smooth easy-glide ceramic barrel to create a super smooth finish and you can also purchase drop curl hair tongs with a cone shaped tong to create loose, tumbling waves and tousled curls. The fluctuation in hair styles from curly to straight and back again means manufacturers will continue to dream up new innovations to attract both professional hair stylists and the consumer.

So who “invented” the curling iron? Inevitably you find many references to “invented” and “patented by” or “introduced by”. The original inventor is lost in the mists of time but examples of the previous sentence are:

In1866, Hiram Maxim, who designed the machine gun bearing his name, applied for and obtained the first of many patents at age 26 for a hair-curling iron.

Four years later in 1890 two Frenchmen, Maurice Lentheric and Marcel Grateau, used hot-air drying and heated curling tongs to make deep, long-lasting Marcel waves.

The Straightening comb however, is actually credited as first being invented by the late 19th century French hairdresser, Marcel Grateau, who also, invented the curling iron, the permanent wave and later the Gillette safety razor which became popular in Germany after World War I.

In related developments, Rene Lelievre and Roger Lemoine invented an electric curling iron in 1959.

The pressing/curling iron was patented by Theora Stephens on October 21, 1980.

In August 1987 the Wahl Clipper Corporation introduced to the professional market the ZeeCurl. This flat-barrel curling iron gave stylists a tool to create new hairstyles with Z-shaped curls, adding texture and body to all types of hair. In 1988, FrenZee, the consumer version, was added.

There is little doubt that fashion will demand and dictate new innovations to ensure continuation of the history of the curling iron.

Rodger Cresswell

Source by Rodger Cresswell

Cash and Non-Cash Payments To Employees

Business expenses are the costs a company incurs to carry out its trade, business, or profession. The IRS allows companies to deduct these expenses as long as the business tries to make a profit. In the previous chapter, the general requirements for deducting employee compensation expenses were presented. The purpose of this chapter is to present the requirements to deduct specific employee expenses. Employers will be able to use this information to decide whether a specific expense such as vacation pay, sick pay, bonuses, etc., that they incur during a year can be deducted by the company.

Employers generally provide employees with compensation in different ways. In this chapter, we will focus on both cash and non-cash payments made to employees and the deductibility of such items as business expenses.


Bonuses: The most common type of additional payment to employees takes the form of bonuses. The IRS allows you to deduct bonuses to employees if your intention is to provide the employee with additional pay for services rendered, and not as a gift. The bonus must still meet the four tests of deductibility outlined in the previous chapter. Bonuses, while deductible to the company as a business expense, are included in the employee’s income, the same as any other compensation. Bonuses simply increase the amount of total salary paid to an employee in any one year.

Gifts: Gifts that are of nominal value, such as a turkey at Christmas or other such items, are deductible as business expenses as long as they do not exceed $25 in fair market value. Such gifts are not included in an employee’s income even though the company can take a tax deduction for the gift. Since such items are classified as gifts, the employee does not need to perform any services for the item to be deductible to the employer. If the employer provides employees with gifts of cash, gift certificates, or other cash equivalents, these items are considered additional compensation, no matter what the value is, and must be included in the employee’s income. Accordingly, gifts should be ‘in-kind’ items and not cash or cash equivalents.

Deferred Compensation: Some employers pay their employees a fixed amount each pay period and defer some of the total compensation until the next year.This is generally referred to as ‘deferred compensation.’ The deduction for this amount is based on the following:

1. Accrual method taxpayers can deduct the entire amount of compensation (including the deferred amount) in the year the employee performs the services for the company. This means that if the employee performed the services in one year, but the employer elected to defer the actual payment or part of the employee’s salary until the next year, the employer can still deduct the payment in year one. Such an arrangement is only allowable if a definite prior arrangement is made with the employee and the related party rules do not apply.

2. However, employers using the cash method can only deduct the amount actually paid in the year the services are rendered. Accordingly, any deferral of compensation to an employee results in a loss of a deduction to the company.

There is a special rule for accrual method taxpayers regarding related parties. Employers are not allowed to deduct payments to related taxpayers until the amount due is included in the taxpayer’s return. For this purpose, a related taxpayer includes immediate members of a family that own more than 50% of stock in the corporation. In these situations, the accrual method employer is placed on the cash basis for deducting deferred compensation. Thus, owners of closely-held companies are placed on notice that deferred compensation agreements may create a tax problem with regard to the year in which the expenses can be deducted.

Vacation Pay: Another area that is common to most businesses involves vacation pay. This is an amount that you pay or will pay to your employee while they are on vacation. If the employee chooses not to take a vacation and you pay the amount anyway, it will be included under vacation pay. Amounts for sick pay or for holiday pay are not included in vacation pay. Employers under the cash method may deduct vacation pay as wages when the employee is paid; while employers on the accrual method can deduct vacation pay in the year paid, if the amount is paid by year-end or within two and one half months after the close of the tax year. If the employer pays the amount later than two and a half months after the year ends, the amount may be deducted in the year it is actually paid, under the accrual method of accounting. A recent court case did allow the employer to deduct the vacation pay that was earned in one year as long as the employer established a liability to pay it to the employee the following year.

Miscellaneous: Expenses for meals and lodging of employees can be deducted only if they are considered ordinary and necessary and meet other business expense deductibility tests. The IRS has special rules for meals and lodging.The special rules were the subject of chapter one. Other expenses that may be deducted as compensation include monies the employer pays to employee for sickness and injury, minus any insurance settlement. These expenses are fully deductible to the employer and not taxable to the employee as long as the reimbursement plan does not discriminate in favor of highly paid employees and involves only actual expenses.


Employers often compensate their employees in ways other than cash. Such payments can take the form of property, stock, or by directly paying an employee’s expenses. These types of expenses are considered compensation expenses and are deductible, subject to special rules. As with cash payments, there are different rules, regarding the timing of these deductions.

Education Expenses: Employers are able to pay the tuition for an employee who is taking courses not required for their jobs or not otherwise job-related. The employer can deduct the payments as wages. Such payments however must be included in the employee’s gross income and are subject to FICA, FUTA, and withholding taxes, the same as other forms of compensation. The exception to this rule is if the employer has, in place, a written educational assistance plan as a fringe benefit offered to employees. The IRS has the following rules for these types of plans to qualify as a tax-free fringe benefit:

• The written plan cannot discriminate between employees

• Not more than five percent of the total amounts paid or incurred by the employer for assistance during the year may be provided for shareholders or owners, each of whom own more than five percent of the stock or other capital of the employer

• The plan cannot offer a choice between educational assistance and other compensation includable in gross income

• The program is not required to be funded

• Employees must receive reasonable notification that the written plan exists.

The employer cannot deduct more than $5,250 per employee each year. If the plan meets all of the above rules, then the employer can deduct the educational expenses and does not have to include the expenses in the employee’s W-2 form. The employee does not have to take job-related courses to qualify under this exception.

In addition to the above exception, when an employer reimburses an employee for educational expenses in job-related courses, the employer is able to deduct the expenses as “non-compensatory” business expenses. This type of expense is known as a working condition fringe benefit and is not included in the employee’s income.

Moving Expenses: When an employer pays for an employee to move, the employer is allowed a deduction for the reimbursement to the employee of certain moving expenses. There are two different types of payments for employee moving expenses: 1. The first type involves expenses that may be deducted by the employee in computing his personal income tax owed and 2. The second type involves expenses that the employee is not allowed to deduct.

The employer treats the two types of moving expenses in different ways. When the employee is allowed a deduction for moving expenses, the employer does not consider the expense to be wages. The employer reimburses the employee and takes a deduction for a normal business expense.

On the other hand, payments for moving expenses that the employee cannot deduct are considered to be income to the employee. Accordingly, the payments are subject to FICA, FUTA, and withholding taxes by the employer. The employer must treat this expense as payment for services rendered. In this manner, the employer is still able to deduct the expense.

When an employer pays moving expenses, he is required by law to give the employee a statement describing the types of payments made on the employee’s behalf. This statement will show the employee which expenses will be included in his gross income. The IRS provides a special form for this purpose. It is up to the employer to know the basis of the expense reimbursement to the employee for moving expenses on his personal income tax return. It is then up to the employee to report the income and deduct the expenses on his personal tax return.

Capital Assets: A third type of non-cash payment is the transfer of a capital asset to an employee as payment for services rendered. Employers often do this when the company is short of cash. The employer is able to deduct the fair market value of the asset on the date of the transfer as wages paid to an employee. The amount deducted is treated as received in exchange for the asset (as in a sale) and the employer must recognize any gain or loss realized in the transfer. The gain or loss is the difference between the fair market value of the asset and the amount the company paid for the asset, minus any depreciation on the date of the transfer.

Source by L Lance Wallach

Modern Warfare – The Main Types

The history of the world is defined by the battles led by mankind. People fight in order to protect their resources or to conquer the ones of other nations. Generally, the concept of total war is used to describe the military conflicts between entire states up until the Second World War. The term modern warfare refers to military methods as well as tactics and technologies used after this war. There are many and different types of fighting concepts used in the today’s world.

Ground or land warfare has been losing its importance in parallel with the development of technologies. The use of armor fighting vehicles and artillery weapons allows for more effective and more destructive strategies. At the same time these innovations allow for the reduction of casualties to the very minimum.

Naval modern warfare is extremely diverse and well developed. The action usually takes place in deep waters as further away from coastal territories as possible. Apart from the submarines and the destroyers the aircraft carriers are also vital for the success in any battle by giving more attack and operational options.

Nuclear warfare is another type that should be noted. Most nations today realize the high destructive power of such weapons. Constant efforts are being made for their use to be as limited as possible.

Asymmetric warfare refers to strategies based on the use of the strengths and weakness of the enemy. Often the tactics are outside of the conventional and include terrorist ones. It is worth pointing out that this type of combat does not have much in common with guerrilla fighting. However, it is closely related to fourth generation warfare which involves the use of unconventional tactics adopted by all sorts of groups including civilians in all sorts of situations including peaceful ones.

Other notable types of modern warfare include chemical and biological one. It is worth pointing out that special psychological and propaganda strategies are also heavily used.

Source by Cain Marko

Why I Love Using Door Hangers In My Mortgage Business

Everyday we go through 100’s of doors without even thinking about it. How would you like to be able to make people stop and take notice of your mortgage marketing message?

The answer is “Door Hangers” or if you prefer “Door Knob Hangers.”

If you’re like me, you probably love to close a mortgage using a low cost origination idea. Door hangers definitely fit in that category and are a great originating tool.

Here are a few of the advantages of using door hangers:

1. They’re inexpensive,

2. They’re easy to generate,

3. The response is almost immediate,

4. They help you establish a farming area,

5. They can be targeted to a specific market,

6. Somebody is going to get a lot of good exercise.

As noted above…There’s lots of very good reasons why you would want to work the door hanger idea into your marketing plan. But, here’s the most important reason of all: You’ll receive an immediate response using door hangers. If you’re new to the mortgage business…this is exactly what you want…you want prospects now…not next week, not next month, and certainly not next year.

If you’re an old hand with mortgages but experiencing a little lull in your business…this provides a quick jump-start to find some new prospects.

And, remember…this is low cost mortgage origination that you can do immediately. If you need business…and, won’t incorporate this idea…I really can’t help you…you have other issues that need to be addressed immediately.

I’m sure you realize that door hangers are meant to be used as one shot effort to gain prospects. There’s no follow-up because there’s no contact information. Only when your mortgage prospect calls you is this the beginning of any kind of two-way communication. Door hangers are meant to get your message out there quickly, efficiently, cheaply, and in great quantity.

So…your door hangers are delivered. What’s next and what can you expect?

First, you’ll hopefully get immediate calls. In fact, unless you’re prepared to gather information while you’re delivering; you may need to shut off your phone for an hour until it’s convenient for you to return the call.

Second, you may run across people willing to carry on a conversation with you right then and there. Just be prepared for that.

Third, the life span of your door hanger is short, usually, three or four days at the very most. This is an immediate response idea with no long term residual value.

Fourth, your response numbers will approximate the response rate of direct mail without the associated costs. Expect about a one to two percent response.

Fifth, you will get complaints. Don’t worry about it; just be aware you’ll get them. You’ll find they fall into two categories, both of which revolve around that little sign posted at the entrance of the complex where you placed your door hangers. It reads: “No Soliciting,” or something similar.

You may get a call from a resident that you are in fact soliciting. Apologize profusely and move on. Your response is: “I’m sorry, I didn’t mean to offend…I’ve done many refinances in the community and everyone is very well pleased…I do provide a valuable service for your community.”

If you just attacked a rental community…you will get a call from a not-so-happy Property Manager. If you don’t get that call; they’re not doing their job. So, expect the call and be prepared.

They will call you and threaten to contact either the Sheriff or the local Police. Here’s your response: “I’m sorry…I didn’t realize…it won’t happen again I can assure you.” Be humble and apologetic and diffuse the situation.

Just so you know…I not aware of any folks in the mortgage industry serving jail terms for violating that little posted sign. This is not an offense that puts you in mortgage jail, believe me.

In the case of a rental community, I usually wait a year and then do it again. You can always blame your staff (even though you don’t have one). the next time…but, chances are there will be a new Property Manager to holler at you instead. They turn-over at about the same rate that rental units do.

OK back to basics…Let’s pick a target for your door hangers. It may be a rental community, a residential area of single family homes, condos, or townhouses. Obviously, If your door hangers are geared towards rentals, your a theme can be “Renting is hazardous to their wealth,” or something similar to that.

For residences, a refinance flier with a free report is always a good choice. In both cases, give them a reason to call you now…give something that is free if they respond.

Personally, I prefer to deliver my door hangers to rental communities, townhouses and condos versus neighborhoods with single family homes. Why? Because, I can deliver a huge number of fliers in a very short period of time.

I also like to deliver them on Saturday morning. You can either count this as your exercise time or hire a couple of kids to place them on doors in a particular neighborhood. If you hire kids…do get the parents permission and supervise the placement of the door hangers.

You can buy blank door hangers that are already perforated and print them yourself. Here are a few sources you can review or use Google search if you prefer. You’ll have lots of choices. – Use their search box and type in “door hangers.” Their 3-up door hanger on 8.5″ X 11″ comes in a 250 sheet pack (750 door hangers) for $33.08 plus S&H. – Their 3-up in a 250 sheet pack (750 door hangers) is

priced at $45.00, 1500 door hangers for $72.00 etc. – Their 3-up package is 333 sheets per pack. 1 pack equals 1000 door hangers for $28.00. Available in white, green, blue or, yellow.

You can also make your own using a full page letter size flier.

First…layout a good flier on yellow letter size paper. Use the entire page. If you’re targeting a residential neighborhood…use a refinance theme like “Don’t Miss the Boat, Rates Have Never Been Lower.” If it’s a rental community…”Renting is Hazardous to Your Wealth” is a good one to use.

Second…let’s take that full page flier and turn it into a door hanger.

Fold the flier just as though you are going to put it in an envelope…in thirds. The secret here is to fold your flier with the printing on the outside so that even when it’s folded…the first third is visible and readable.

Third…while folded…punch a single centered hole in one end and loop a rubber band through it for hanging. You’re done…so simple…so quick…and, so very inexpensive. Now…Let’s get them delivered.

Keep this little origination gem in the back of your mind…there’s lots of door knobs out there that need door hangers.

Source by Tom Domin

Fungus Spores and Nail Fungus

What’s the connection between fungus spores and nail fungus? Fungi that are actively growing will eventually produce spores – tiny reproductive stages that break away from the plant and spread to new places on air currents, in water, and on living things that move about. Most people have seen fungal spores: perhaps you’ve seen a green dusty powder inside the bag of a loaf of bread that’s gone moldy, or noticed that portobello mushrooms leave a black coating on your cutting board. These substances are actually large numbers of spores (a single spore is microscopic so you can’t see it – by the time they become visible there are millions.)

It’s important to understand that most fungi produce spores of one find or another – infectious fungal spores, that is, those that can cause infection in people, only come from a few species. Portobello mushroom spores, and those of most other environmental species will not hurt you (though it’s probably not a good idea to casually inhale spores of any fungus, for various reasons). There is only a connection between fungus spores and nail fungus infection when the spores are from one of fungi that can grow in keratin, the protein that is common in nails, hair, and skin.

Infectious fungal spores are produced by fungi growing in infected toenails and fingernails. They are dispersed in the environment when bits of nail and skin flake off, on nail clippers and instruments used to trim and file nails, in nail clippings, in shoes and socks, in water, and when the afflicted person walks about with bare feet. When you realize that a small colony of fungus can produce millions of spores, it’s easier to understand how the infection can spread readily from one nail to another, on shared clothing and grooming instruments, and in public swimming areas. An infection produces fungus spores and nail fungus spreads.

Most cases of fungal nail infection are caused by a few species of dermatophytes – fungi that are adapted to utilize keratin as a nutrient source. They spread from person to person and from animal to person by means of fungus spores and nail fungus infection is not the only problem they cause: infections of the skin and hair are generally caused by the same species. A few environmental fungi, i.e. species that normally live in nature, deriving nutrients from decaying organic material, can also produce infectious fungal spores that can grow in nails, but not skin or hair. Fortunately, the species involved in any particular infection does not generally matter when it comes to treatment of onychomycosis.

Source by R. Drysdale

Credit Lines (Asset Based Lending) Vs Factoring Loans

Asset Based Lending Vs. Credit Line

According to the latest statistics, it has been revealed that traditional lending is showing a downward turn and people are showing interest in asset based lending. In fact, growing by the uptrend in the asset based lending, it is expected to grow even more in the future. The overall volume of small business loans has been sliding down according to FDIC.

This downward trend has been noticed since 2008. Recently, the volume of small business loans went down 15% from its peak. Since the year 1999, the number of outstanding small business loans has been continuously declining. The figure currently stands at about 1.5 million as notified by FDCI (federal deposit insurance corporation).

An Asset Based Lending Index is formatted by the Commercial Finance Association and published quarterly. The most recent report indicates there was a 1.8% rise in the total committed asset-based credit lines in the first quarter of the year 2012 in comparison to the previous quarter. Also, as compared to the earlier year, the total credit commitments were up by as much as 7.3%. Moreover, there was an increase in the new credit commitments in more than half of asset-based lenders by almost 55 per cent.

In the first quarter of the year 2012, the utilization of asset-based lender’s credit has jumped to 40.85. The rise was 39.4 per cent in the previous quarter. And in the same quarter in the year 2011, it was 39.1 per cent.

Brian Cove, the CFA’S chief Operating Officer points out that the asset based lenders will continue to take the fore front as the primary source of growth and working capital for the United States as they have managed to maintain throughout the credit crisis and through the recession, if the economy continues to prosper with the same rate.

Asset-based lending comprises of many kinds of loans that can be granted to a borrower wherein some kind of assets serve as the security.

Factoring & asset based lines of credit are the two-common type of asset-based loans which are practiced.

Factoring loan, a factor or a financial institution comes into play which buys the outstanding accounts receivable of the business. Thus, factoring is not a typical kind of loan as it involves sale of receivable and a direct third party involvement in the business. The lending amount that is generally granted by the factor ranges between 70 to 90 percent of the value of the account receivable when this purchase is made.

A factoring fee is taken from the remaining amount and the balance is released when the invoices are collected. Factoring fee can be anywhere between 1.5 to 3 percent, based on risk profile. This fee depends on factors like the risk involved and the number of days for which the funds issued will be used.

A factoring agreement gives freedom to the business to choose which invoices it wants to sell to the factor. Once an invoice is sold, the factor manages the receivable and related collection. The factor becomes a de facto credit manager for the business and performs credit checks, manages payments and other related tasks. The documentation of these payments and analyses of credit reports also becomes the responsibility of the factor.

A Line of Credit loan is more of a typical bank loan with certain notable differences. A traditional loan can be secured through collaterals like equipment, personal assets or real estate, but A/R lending is restricted to securing the loan through trade outstanding account receivable. Under the account receivable lending arrangement, each draw by the borrower results in generation of a borrowing base against which the business can borrow. The lending institution charges a collateral management fee against the outstanding amount. If the funds are advanced, the borrower is charged interest only on the amount which has been borrowed.

An invoice can contribute towards a borrowing base only it is less than 90 days old. There are other eligibility conditions to A/R financing that can be exercised by the lender. These include cross-aged, government customers, international customers and concentration limits on a particular customer. Sometimes, if a particular customer has a higher share in the collateral, the lender can choose to do a background check on that customer to decide the credit worthiness of the business.

Be informed, be prepared, do your homework.

Source by Frank Eberhart

Maximum Efficiency in Auto Detailing Shops

Many professional car care appearance specialists and auto detailing entrepreneurs ponder the benefits of a detail shop and the costs as opposed to the inexpensive mobile detailing option. One of the nicest things about setting up a fixed shop as opposed to a mobile one is that we can have more types of products available for special uses to insure the finest possible results in our work.

Fixed detail shops also allow us to set up a shop where we can move towards a more efficient platform and workspace. Much has been written on this subject. However the industry leaders have proven the test of time and continually update and innovate and of course we are the greatest recipients of their conquest to build the best possible and most efficient assembly style techniques. Bud Abrams invented a nifty all in one unit which dispenses all the products you use most, such as tire dressings, cleaners, wax, etc.. You may wish to check this out on his website: .

This is just one innovation of the business minded professional detailer. Bud has been the leader Auto Detailing for over 30 years. We know when we have a question Bud, has an answer. As you can might have guessed, in our company we watch the flow of work and make it efficient one perfect example of this is our newest innovation in our Auto Detail Shop Detail Center Lay out where we have things under control. Bud who owns Detail Plus has spent years perfecting the most possible efficiencies in the industry and the greatest achievements in work flow models and shop lay outs and he sells to the industry, his products and knowledge. Bud is the Henry Ford of the Auto Detailing Industry. On his website at you can see the world’s most efficient layout for detailing automobiles. Detail Shop layouts are important indeed, you would be wise to study up on all aspects for maximum efficiency.

Also important is the greater chance for perfection, after you lessen the variables created by an outside environment such as dust particles from wind, wax drying inconsistent rates and rain issues. By using check lists and creating a Six Sigma quality assurance program and concentrating on TQM along with such principles as ISO 9001 type standards in procedures you can literally claim to do a perfect job. Our goal is not to eliminate the artist who is a “Detailer” but to add to this an element of perfection, not readily seen in our industry.

Professional Car Care Specialists should not just limited to Wholesale Detail work for Rent-A-Car Companies, Auto Auctions, Bank Repo Work, New and Used Car Dealerships, but also to such things as add-on after market accessories, chip repair, pin stripping, windshield repair, gold plating and perhaps even spray-in bed liners.

By understanding flow processes in a systematic, quality controlled setting we can insure on maximizing our resources to effectively increase profits and increase productivity. Once this is done add-on services can be added which will not impede your core business. For information on what it means to work in such an environment may we suggest the books; “Finite Capacity Scheduling”

Many people fail to understand how some car care specialists and auto detailing professionals can have all the best equipment, image, pay the best salaries and still charge less? Had they really looked at our operation they would say, why are you charging so much? Being efficient is the smartest thing you can do in business. We believe with economies of scale that franchises typically can deliver and the proper selection in our arsenal of competitive techniques that the game is actually won before it ever starts. When we enter or even many times start a price war, we know we can outlast the competition simply by efficiency. I am not suggesting you go and start a price war; that serves no one in the end. But if another operator in your market starts a price war and you are forced to compete due to a competitors mass mailing of coupons, it will be nice to know you can survive and even thrive in the process.

In the Business of Detailing, which in fact it is a business, the trophy goes to not only the best artist in the field but the most efficient company that can take that level of artistry and refine it into a system of maximum productivity. Without sounding too much like the late Henry Ford, we would like to make one comment. No matter what you thought about his views on other issues, his methodology which was later refined into many different industries is the reason we won W.W.II. It is also the reason Ford Motor Company is one of the longest standing companies in the world today. And thank God it is, without all those cars there would be less automobiles to detail. Please think about what I have said here today. Study your options and improve your flows of work, you’ll be glad you did.

Source by Lance Winslow

Bevinco Bar Systems Franchise Review

Introduction: Bevinco Bar Systems Franchise is one of the leading service franchises. They specialize in the field of bars and eateries profit management. Bevinco Bar Systems have been in the market for the past 18 years. Their franchisees help restaurants and bar owner executives to create profitable businesses by using their state-of-art and technology assessment processes.

Operations and Workings: The Bevinco Bar Systems franchisee partners help owners and executives by providing independent and customized on-site consultations on weekly basis. The primary aim of this franchise is to increase revenue by finding new opportunities and reduce operational costs.

The Bevinco Bar Systems award their beverage and food partnerships and franchises to qualified people who are interested in running a business and not just buying a job for themselves. This franchise has a scalable opportunity in business, which they have developed themselves. This allows you to start out your business small without any employees. After that, you can grow your business by using their proven methods which include training and hiring employees.

If you take up this franchise and become a Bevinco franchisee partner, you will spend your time consulting clients along with helping them in achieving greater profits in their business. You will also manage an Operations Analysts team along with market networking as you expand your business.

Franchises fees and Start-up Costs:

Total Investment:$37,000-$57,500

Initial Franchise Fee:$39,900

Renewal Fee: $1K every 5 years

Royalty Fee: $12/audit

Term of Agreement: 20 years

advertising Fee: N/A

Ways of training and support: you can get support from the following sources, which will help you in building your franchise business. They are-

· Newsletter

· Grand opening of your franchise

· Meetings

· Internet

· Phone with toll-free line

· Field evaluations and operations

Bevinco Bar Systems Franchise Opportunity Benefits

  • Business is SBA Approved
  • You can create an alliance with the major industry suppliers with their owners who will be ready to hire you.
  • Take the advantage of tried and tested sales and marketing programs
  • You can obtain protected and exclusive territory which can be under $35,000
  • Low investments can be made along with less start-up costs
  • You can seek the help of proven and patented business processes
  • Have access to ongoing support and comprehensive training
  • Earn a six figure potential profit income (no income guarantees)
  • Use proven scalable models for recruitment and hiring employees
  • Virtually zero competition for untapped market potential
  • Get a membership to the International Franchise Association and National Restaurant Association

Bevinco Bar Systems prides themselves on their stability of their proprietary software programs. Their systems have been tried and tested in thousands of establishments of their clients from the past 20 + years. They continue to enhance and improve their systems with the new and latest technology. They also give updates every month without any more cost to their Franchise Partners. These are some of the factors which you can refer to as you evaluate the Bevinco Bar Systems Franchise.

Source by Joshua Valentine