Category Archives: sticky

Posted by June 29, 2022Business, Money Saving, sticky

What’s the difference between a small business and a corporation?

The difference between small businesses and corporations primarily depends on how the owners, managers, and other stakeholders intend to run the business. In contrast, many business owners enjoy running a small, closely-held company they can look in the eye and call their own. This article will elaborate more on the differences between small and corporate businesses, but you can also get more info here.

  1. Control

A small business is owned and controlled by one or more owners. It is usually operated by the owner(s) without help from an outside consulting firm. The owner(s) usually have a high degree of involvement in the company’s day-to-day operations and often have an ownership stake in it.

Corporations are businesses that many shareholders own. It is usually operated by a board of directors or management team, including owners and outside consultants. The corporation’s owners may or may not be involved in the day-to-day running of the business, but they will typically have a high degree of control over it.

  1. Capital

Corporations often require more capital and may have higher start-up costs because they have to pay royalties to the shareholders and may also have to make regular payments on their debt. On the other hand, small businesses can start with very little capital and only have to make regular business payments.

  1. Decision Making

In terms of decision making, a corporation takes a long to reach decisions, and decisions may not be implemented immediately; however, the corporation can be run more efficiently since decisions are taken at the highest level. Alternatively, small business lakes less time to reach decisions, and decisions may be implemented immediately since it doesn’t require more consultation and discussion.

  1. Ownership

Corporations are usually owned by a limited number of shareholders who expect to make a profit on their investment. They have the right to vote on the company’s management and proposals for new business ventures. Shareholders may also serve on the board of directors (or, in some cases, they may appoint someone else to do so). On the other hand, small business is owned by a few people. However, they can be consulted when it comes to making decisions.

  1. Management

A corporation’s management comprises a board of directors and a chief executive officer. The board of directors, appointed by the shareholders, manages company policies and procedures. The chief executive officer is usually responsible for the day-to-day operation of the business. A small business has no management team.

  1. Capital Expenditure

Corporations must make a large capital expenditure, such as buying new equipment or hiring new staff to grow their business and increase production levels. Additionally, corporations must invest in research that will enable them to keep up with technological advancements.

 

This will require large amounts of capital expenditure and may take years before it can be used by the company for its benefit and increase its production levels or sales figures. On the other hand, small businesses can use their capital expenditure to buy new equipment or hire new staff to grow their business and increase production levels.

Posted by June 20, 2022Money Saving, sticky

Tired of All the Mess in Your House? Hire a House Cleaner!!

Do you clean your house solo? Do you consider home service cleaning a luxury? If you’ve never hired a residential cleaner, start with a few reasons. Don’t worry about the additional money you’ll spend on a cleaner because it is an investment. Also, some worry about who will enter your house. You may be worried about the commitments and people involved. However, the residential cleaning business has changed significantly, so you don’t have to worry about anything!

Here are 3 benefits:

They’re Better Cleaners

No matter how well you clean your home, a professional residential cleaning company, such as Cleanify – Die Reinigungsfirma für Wien – will do a better job. They’ve seen it all. They’re taught to do everything properly. They have so much expertise that they’ll clean your home so well that you’ll be amazed. If you want the best possible outcome, get an expert.

Family Time

If you are a parent, you often scurry between home and work. After dinner, check on the kids and put them to bed. You don’t get quality time with your family because the remainder night is for cleaning. We’re not saying that you live in filth, but wouldn’t it be great to relax with your family? If yes, then hire a residential cleaner to spend more time with your family!

Saving Money

Your home may be your single most important investment. The property’s value may be increased by keeping the house clean and well maintained. To maintain the pristine condition of the furniture, worktops, tiles, floors, walls, and baseboards, frequent cleaning is a must. If you let dirt or oil pile up on the surfaces, you will be compelled to refinish them sooner than expected, which will cause you to spend more money. You can prevent any sudden wear and tear on these surfaces if you hire a professional residential cleaner.

After reading the article, we will be sure that you will be tempted to hire a professional cleaner for your house.

 

Posted by January 18, 2021Finance, sticky

What are payday loans?

A payday loan usually helps cater to some of your immediate cash needs until your next paycheck arrives. The interest rates for such loans are high, and they should be repaid within a short period of, let’s say, two weeks.

Before applying for a payday loan, you should take time and learn more about how they work. You should know what you’re getting and what you should expect in return.

 

About How Payday Loans Work

Payday loans are different from other types of loans. Depending on your state of residence, you can apply for a payday loan online or through the help of a payday lender.

In each state, the laws governing payday loans vary. There are limits on the amount you can borrow and the interest and fees that the lender can charge. In some states, payday loans are also prohibited.

After your payday loan has been approved, you will receive a check, or the money can be deposited into your bank account. You will then pay for the loan and the finance charge within 14 days.

The finance charge usually varies depending on the loan amount. Although the costs associated with payday loans are high, there are many households in the U.S. that usually apply for payday loans annually. In most cases, people usually apply for payday loans since they cannot access other financing options because they don’t have a source of income or have a poor credit score.

Other reasons why people apply for payday loans is because they fear the available alternatives or they lack the necessary knowledge. For instance, someone may fear to request for a loan from a friend or family member. Although alternatives are available, they are not easily accessible.

The requirements by payday lenders are also few. Some of these lenders also don’t check the credit scores. They may also fail to inquire whether the lender is in a position to repay the loan. You only need to present your identification documents and a bank account that has a favorable standing. If you are scared of getting suied due to being unable to pay, please read this page.

 

Will the Payday Loan Affect Your Credit Score?

Since payday lenders rarely run a credit check, the payday loan will not affect your credit score. Also, it will not appear on your credit report. Your credit score will not improve either.

If you fail to pay the loan on time, the lender can present your details to a collection agency that will eventually report the matter to the credit reporting bureaus. Your credit score will be affected in the process.

 

Conclusion

Debt consolidation comes in handy when repaying the payday loan despite having a bad credit score. Although the debt consolidation loans have more requirements before the approval process, the interest rates and fees are low. Also, the repayment period is longer.

Posted by December 7, 2020Business, sticky

Four Tips on How To Write an Attractive Cover Letter

If you are searching for a job with no fruits, reconsider writing your cover letter in a way that captures the attention of the hiring manager. An impressive cover letter is the only thing you need to secure a job interview with potential employers and non-profit recruiters. It is thus important to pay attention even to those things that may seem small since they are the ones that may determine if you are going to get the job or not. It is quite evident that the better the cover letter, the more chances you will have to win the hiring manager’s heart. If you are looking for a way to come up with an impressive cover letter, use these tips:

 

(1) Keep It Short

Mostly, hiring managers have a heap of documents awaiting their perusal, meaning they have less than a minute to go through your cover letter. Therefore, make sure your cover letter fits into one page with words not exceeding five hundred. A multi-page cover letter gives a bad impression about yourself, and the manager may conclude you aren’t the right candidate.

 

(2) Keep it Simple and Appealing

However, smart your handwriting might be or captivating your story is; an unpleasant cover letter has zero chance of getting any attention. To make it easy to read and attractive, consider the following:

(a) Font: The process of selecting the type of font depends on your professional industry and how formal the company requires the letters to be. For example, if your industry is formal, you can go for Times New Roman, Cambria, Georgia, Garamond, and Didot. As for the casual industry, use Helvetica, Calibri, Arial, and Lato. The font size should be at 12 points or above.

(b) Margins: The margins should be between 1-1.5. If your letter is long, use a margin of one, but if short, you can use 1.5.

For uniformity, font styles, sizes, and colors should be the same for your cover letter and curriculum vitae hence giving your application a professional look.

 

(3) Write Customized Cover Letters for Each Organization

Different companies have different problems they want to resolve through the hiring process. It is thus important to address each company’s specific problems uniquely, even if you apply for the same position. Your letter should show how conversant you are with the firm’s goals and how your presence will help achieve them.

 

(4) Quantify Your Accomplishments

In the achievements section, include numbers to show the extent to which you contributed to achieving the company’s goals in your current or previous position. For instance, if you are a cost accountant, include numbers to show how you helped the company cut its operating costs. Instead of saying that during your tenure in office, the costs came down; you can say that the cost came down by 15%.

Posted by October 15, 2020Finance, sticky

Be on Look Out For These Car Insurance Scams

Believe it or not insurance scams are quite common. In 2019, more than half a million insurance cams were busted. It is easy to become a victim of car insurance scams without even noticing. Many of the most common scams are subtle so you have to be careful. Insurance scams cause insurance rates to be raised. Imagine being in a car accident and you just simply want to make a fair recovery claim. Instead, you are victimized by a scam that targets accident insurance. This can be quite frustrating. Being observant during the claims process is important. This can help you avoid being victimized by insurance scams.

Popular Insurance Scams

It is important to know the different types of car insurance scams so that you can protect yourself. As absurd as this may sound, many scammers purposely cause accidents so they can make insurance claims. It’s crucial to stay focused while driving as these persons will swerve in front of you and force your vehicle to rear-end theirs. This is known as Forced Rear-Ending Insurance Fraud. Because you are the driver behind, the accident is automatically your fault. These scammers may also complain of neck and back injuries. A dashboard camera can be helpful in situations like these. Also, drivers with the right of way in traffic may give you a chance to cut in only to intentionally run into your vehicle. This also occurs with parking spaces. You can avoid this by only proceeding when you have the right of way.

Another car insurance scam includes phantom victims. These are not real ghosts but persons who were not in the accident claiming that they were. If you are in an accident it is a good idea to take photographic evidence of the number of victims involved to avoid these fraudulent claims. There are also counterfeit and car accident repair insurance scams. Repair companies may try to scam you by claiming you need repairs that you actually do not. They may also overcharge you for replacement parts. Also, repair shops may use counterfeit replacement parts on your car. These knockoff parts may risk your safety while driving. Tow truck companies may also take advantage of accident victim. They may overcharge your insurance company for their services or charge for services they did not render. Be sure to only work with repair and tow truck companies you are familiar with to avoid these fraudulent activities.

The Frequency of Car Insurance Scams

In 2019, about 469, 000 fraudulent claims were made. This information was gathered by the Association of British Insurers (ABI). The average fraudulent claim valued £12,000. The most common scams involved motor insurance. Last year, 55,000 fraudulent motor insurance claims were detected. The majority of these include personal injury claims. Staged crashes were quite common. Insurance companies are responding to this information by creating new methods to detect scammers. It is imperative that you also take the necessary steps to protect yourself.

If you want to avoid such scams and deal with reputable insurance providers, take a look at the helpful overview of cheap car insurance from moneyexpert.com.

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