Archive for the ‘Business’ Category
Contractors that are able to win certain bids on projects will be required to get performance bonds if they want to pursue this line of work. It is like a type of insurance policy, making sure that the person who won the bid is going to be honorable and complete the job. This can be a huge problem for certain businesses where people are going to bid on projects, bidding so low that they would not even be able to complete the project without a loss. To prevent this from happening, which is a waste of time for people that are offering these different jobs, performance bonds will be required in many cases.
How Performance Bonds Work
These are bonds that can be obtained from bond companies, those that issue surety bonds and performance bonds alike. You can find these companies locally, or you may be able to get them nationwide. It is important to compare rates that they are offering, and also look at the requirements for getting each one. You will want to work with the company that will allow you to ensure up to $350,000 per job in some cases, and will only require a credit check, and no additional paperwork, in order to issue the bond.
How Do You Find These Companies?
You find these companies by searching online. This will allow you to look at as many different offers as you can. Some of them will allow you to save hundreds, or even thousands of dollars, which is why comparing these different rates is so important. If you can submit this information online, it will make it easier for you to submit multiple ones to different companies. If you can, you will find that this is the best way to get bid bonds or performance bonds because it is fast and efficient.
What If You Have Bad Credit?
If you have bad credit, there is still a possibility that you will be able to get performance bonds because they will look at your track record in this industry. You can simply show them proof of previous jobs that you have completed, and they will then issue the bond to you. You will be able to find several companies that will overlook average credit ratings, those that are under 700. Most of them can issue a bond in as little as 24 hours, or at least have it approved so that you can start working on your project.
Even though this may be a hassle for some contractors, it is a necessity in this world where people underbid others just for the sake of winning. They have no intention of actually honoring that bid, and then they have to fly the job once again to go through the process. If this is what you are going through right now, simply find a national company from websites like www.theislandsaz.com that offers bonds at the lowest possible prices. One of them will be able to give you a performance bond for one or more jobs that your company will be working on.
There are many times where a good party tent can make all the difference when creating the right feel for an outdoor event. Whether you’re looking at something informal like a Fourth of July celebration or a stage for an outdoor band, or something a little bit more formal like an outdoor wedding celebration or company picnic, there are many reasons to look at the many different party tent rentals that are available.
Basic Party Tents
There are all kinds of providers who may be able to come up with various types of basic tents, but for a full selection that takes care of more than just small social gatherings, you need to look at a professional outdoor company like Regal Tent.
Going with this level of professional not only opens up options you likely never even knew were possible but also allows you to receive professional level advice on exactly what the best option really is for someone with your specific needs. When the rental is based on personalized needs and customized plans, the person renting is almost always going to be happier with the final result.
Specialty Temporary Buildings
When you look at a high level provider, there aren’t just a variety of tents of various sizes, but there are even legacy frame tents, clear span structure (which looks like a suddenly put up metal building frame like you might see out in the country), and even double decker options that create a functional 2 story structure outdoors that is temporary yet creates and outstanding aesthetic during the time that it is up.
These are options many people looking for party tent rentals don’t even know exist. This is why it is important to find a professional who can walk through the process with you. You might be focusing on one or two potential setups that could work with something else entirely would actually be the perfect fit for your specific needs.
Time & Needs
The pricing on various outdoor party tent options will vary immensely based on a wid vareity of factors that include issues like the time for rental (half-day, one day, or multi-day), the exact type of tent being rented, and any specials or rates that particular provider has. The best way to rent a good party tent is to make sure that your rental actually lines up with what you need.
Every event, party, celebration, or wedding ceremony will be different and by looking at the very personalized options you will be able to get a better working fit at an affordable price.
When you know the time is rapidly approaching for a great outdoor event, make sure to talk to true professionals like those at Regal Tent in order to find the perfect party tent rentals for you and your event. Call them ahead of time to get estimates and to make sure you have time to rent the tents you need to make any outdoor event a stunning success.
Many individuals have recently become more attuned to the threat posed by sudden cardiac arrest. A dangerous phenomenon that often strikes without any warning signs whatsoever, these types of emergencies happen with alarming frequency when we least expect it. In order to raise public understanding of sudden cardiac arrest and to try and limit the number of resulting deaths, governmental units nationwide have started requiring artificial external defibrillators (AEDs) to be maintained in a wide range of public places.
AEDs are handy, portable tools which can, when properly utilized, greatly impact survival rates in a positive way for those who suffer sudden cardiac arrest. When medical emergencies of this type happen, time really is of the essence, and these devices can buy precious minutes that regularly make the difference between life and death.
Sudden cardiac arrest is often the result of malfunctioning of the heart’s electrical system in which blood flow stops without notice. Without immediate treatment, those who experience this cessation of function typically die. However, it is frequently possible for such individuals to be saved by performance of CPR and the use of a defibrillator to provide an electrical shock to the heart. It is vital that a defibrillator be present and ready to use at a moment’s notice, because it is estimated that for each single minute that treatment does not occur, a patient’s likelihood of surviving the event drops by approximately ten percent.
An AED will be equipped with internal computers which will measure the patient’s heart function by way of skin-attached electrodes. This determines whether or not is is appropriate for the patient to be shocked. If a shock is indicated, the machine will tell the operator to administer the treatment while guiding him or her through the critical steps. Anyone who has been trained on the use of these tools will agree that they are extremely safe and accurate in terms of assessing which patients are good candidates for shock and which are not.
Considering the amazing life-saving ability of these devices, it is not surprising that governments at all levels across the nation have begun mandating the presence of AEDs in a number of venues. Some of the public places where defibrillators may need to be placed include school buildings, government facilities, sports arenas, museums, nursing homes and airports.
Some states have also expanded Good Samaritan laws so that individuals who use these devices in order to provide emergency, life-saving aid to others will not be held liable if death or significant injury still occurs. This is seen by many as an important step in the expansion of availability of these vital tools.
Other organizations have taken the initiative to launch AED training, maintenance and placement programs as a means to improve public health outcomes in their own communities. Statistics have suggested that sudden cardiac deaths have been significantly reduced in areas that have instituted AED awareness plans and raised money for additional availability of the devices in public places.
BWS Manufacturing is a company that specializes in the design, building and distribution of trailers intended for the heaviest trucks on the road, whether they’re hauling commercial products in an eighteen wheeler or a more specialized tractor trailer such as a lumber hauler or an oil and gas delivery truck. Without these and other trailers, mass industry in most parts of the world grind to a halt, yet few people realize the difficulties behind the conception, construction and use of these massive devices that make the modern world possible. Each large trailer is a specialized device intended for a specific job, and their design and manufacture must account for this every step of the way.
BWS Manufacturing designs and builds trailers for a wide variety of commercial and industrial purposes, with a focus on quality and reliability that makes the company’s reputation grow with each new customer. Having been in business for almost half a century, the company has been there for a great many twists and turns in the modern trailer manufacturing industry, yet their focus on building quality trailers in the United States and Canada and selling their wares for the North American market has seen to it that they’ve survived the rough economic times of the past few decades to grow and even thrive on their reputation for building some of the best, most durable and most dependable trailers in the industry.
One of their designs from their in house engineering department has actually been awarded a patent on what many consider to be among the quickest and less difficult to load air assisted gooseneck trailers that are detachable. Indeed, a number of their models are air assisted for their tilting decks and ramps, using compressed air rather than heavier hydraulic lift systems. This has a number of benefits, the least of which is that the trailers are far more environmentally friendly for using fewer potentially hazardous chemicals. These designs also take a great deal less equipment to build, use and repair, making maintaining these trailers a less expensive proposition for the owner of the trailer, something any shipping company can find incredibly important for the long term use of their equipment. And, with the engineers and designs of the company continuing to push the envelop of what’s possible, each new year is a new set of possibilities for newer, more powerful and efficient designs for trailers to match and exceed the competition.
The company employs a number of CWB certified welders that they treat not as laborers but as artisans. These welders and other workers have crafted a wide range of trailers for the company’s sales lots for a wide variety of specialized purposes. Their trailers have been crafted for a wide range of agricultural purposes, as well as work in the construction and forestry industries. BWS also build trailers for the commercial trucking that brings goods from around the world to local stores across the continent. The company builds a number of other devices for hauling oil and gas and other more specific yet no less essential purposes.
Bid bonds are important as they act as proof of guarantee to project owners. They show that a contractor can comply with the bid contract and act as proof that they can complete the job as stipulated in the contract. These bonds are a guarantee that you provide to project owners stating that you have the capability to take on a project and implement it once the project owner has selected you during the bidding process.
Often, project owners don’t know if the contractor has all the necessary resources to take up a project or if he or she is financially stable. However, with a bid bond in place, they can feel more comfortable when awarding a project to contractors knowing that if a contractor fails to deliver, they can get compensation from the bond.
What Happens When A Bond Obligation Isn’t Met?
If bond obligations aren’t met, the surety, and the principal – referring to the contractor – are held liable for the bond both jointly and severally. Often, there are some penalties that will take effect when the contractor fails to fully comply with the obligations stipulated in the bond. Both the surety and principal will be held liable for any additional costs the project owner incurs when selecting and awarding a different contractor. Normally, this is the difference in dollars between the lowest bid and the second lowest bid. The standard penal sum of most bonds is often 10 to 20% of the total bid amount.
Asking for bid bonds helps project owners sift serious contenders from jokers as it makes it hard for contractors to submit frivolous bids as they would be required to get the work done, or pay for bond premiums. At the same time, companies that issue bonds perform comprehensive financial and credit reviews before providing bonds to a company.
When bidding, most contractors will estimate what a job will cost them to complete. They then submit this cost to the project owner in the form of a bid. This means that the company providing bond will have to pay the project owner the difference between the lowest bid and the next lowest bid. There are times when bonding companies may sue contractors who defaulted to recover these costs. However, the possibility of a lawsuit is usually determined by the terms of the bond itself.
The Miller Act stipulates that all federal project bidders should submit a bid bond before bidding for any project task. Since this is one of the most effective ways to ensure that you get serious people working on a project, many private companies have opted to copy this approach to protect themselves from risks during the bidding process.
As a contractor in the construction industry, it is extremely important that you get surety bonds if you want to be more competitive. In some localities, surety bonds are required for you to obtain permits and licenses. Similarly, almost all developers and project owners will require that contractors submit bid bonds before they can bid on their projects.
There is no doubt that owning your own small business is a challenge. However, the rewards can be very satisfying. Owning your own small business will allow you to realize your full potential. You will learn how to juggle a variety of tasks at the same time, provide your clients with quality service, use your imagination, and be both innovative while at the same time flexible. Yes, owning your own small business is demanding but it is also worth giving it a try.
Small business owners usually start off by putting a tremendous amount of hours and energy into their particular business. This is normal but now that your business is starting to move towards the next level it is time for you as a business owner to ask for some help. One of the best ways to get this type of help is through small business classes, coaching, and consulting. These type of programs and assistance will allow you to increase revenue and understand various ways to reach your goals without having a heart attack by working so hard.
A small business needs to grow and cannot remain stagnant or it will die. You need a continual growth of new customers and revenue. This can be very daunting as you try to incorporate new ideas and learn new information. This is the main reason why you need to find someone that you can trust to help you reach that next level. This trusted source can help you to implement and design a proper business plan that will be unique for your particular type of business.
Most small business owners understand where they want to go but they just lack the expertise and knowledge on how to get there. As you continue to grow you will need to introduce new structures and systems so that your business runs more efficiently and more profitable. Many businessmen do not have any prior education in these areas and therefore they do require the professional knowledge and support that is necessary for success. Without this knowledge and support you will find yourself struggling and soon all of your enthusiasm, motivation, and passion will start to disappear.
For this reason it is imperative that you utilize the services of a reputable business consultant or coach. There are a few articles that can help you to understand the difference between a small business consultant and coach and which one will be best for your particular business. In some cases you may require the services of both professionals, a consultant and a business coach.
There are many knowledgeable and reputable professionals that specialize in coaching small business owners. In fact, you will enjoy working with these knowledgeable and professional people. Make sure that you ask them for any references that they may have before you choose one. If you do not feel comfortable with any particular consultant or coach then do not retain their services.
A business coach will give you the proper tools that will help you to succeed and they will unlock your potential so that you can follow your dreams of owning and operating a successful small business.
When people are running a store, they will often need to keep track of their inventory and a lot of other things when they are in business. The problem is with all of the items that a store has it is nearly impossible for people to keep track of their inventory and ensure that it is not going to run out on them. This is when people should know more about the advantages of using retail audit software to get the knowledge on the inventory, sales, and even the profit margin on each of the products the business carries.
Inventory tracking is one of the things these programs are well known to do. When people look at this aspect of the software, they will often notice this is a program that can keep track of the inventory. Which is then going to allow people to know exactly when they are needing to order a new shipment of product. Without this, people could end up running out of product and end up having to give out rain checks because they have ran out of the product and have to fulfill the order for their customers.
Profit and loss is something else which the programs are able to track. When people are in business, they need to make money to stay in business. With these programs they have a tendency to include a part of the program that is going to allow people to get the right profit for each of their products and know they can finally make the money they need to be making. Without this, people may struggle to know if they are making money with a product or even worse not know if they are making money off of a sale they have decided to run on the products they are carrying.
Audit software will often let people know if they are paying their employees properly and if the employees are working the right amount of hours. If this figure is off at all, it can easily cost the company quite a bit of money. However, with the audit software it is going to allow people to know if the employees are getting the right payment for the hours worked and going to let people know if they are making any mistakes when they are processing payroll and even what type of mistakes they are making.
When people are running a business, they know it is going to be quite a bit of work. However, what the owner needs to know is the work can be made easier if they have the right software to help them out. This is when people should know the advantages of using the retail audit software. By knowing these advantages, it is going to be easy for the business owner to know if they made money and how much money they have made. Without this, the business owner may miss out on some of their potential sales and income.
A corporate event planner is someone that you should be looking to find as soon as possible, if you have an event coming up. Why should you go with someone that does not know what they are doing? It is just not worth it and it is certainly not worth doing everything on your own as a lot of people do and then they regret what they have done. You want to make sure the event goes through as smoothly as possible and that is only going to happen when you have a high quality corporate event planner in place.
The reviews that are out there have to be considered as well because if you don’t take this into account, you are never going to be satisfied with the results that you are getting. Learn to read the reviews that are already out and about when it comes to the planners that are in the city and you will have a solid foundation to work from right away. These are the reviews that matter the most when you are trying to figure out who is the best and who is not.
You cannot hope the results are going to come out of nowhere. You have to be patient and let the process take course because if you don’t do this, you are never going to be happy with the planner that you went with. It takes time to find the right fit and only those who are willing to put in the work are going to see the results they are after. If you are patient, you will be more than happy with the results that you do end up getting and that is what matters most at the end of the day.
Go with the best and you will never regret the results that you do get. It is tough to find the best planner in town and that is indeed an issue that a lot of people have to go through, but that does not mean that you won’t be able to find the results that you are in search of. In fact, there are a lot of people who are able to find the right planner after using the tips that have been pointed out here. Go with these tips and you will be more than happy with the results.
Small business owners primary concern is to generate cash flow as well as keep enough capital in the books to fund payroll, inventory, etc. This is a constant struggle for many business owners and dealing with cash flow shortages is a ever present fear lurking around. Traditional small business financing such as a line of credit or loans may not cut it and possibly out of reach. It’s at times like these that business owners will consider the option of accounts receivable financing. What we’ll be discussing here are a bit more about how this is structured as well as some pros and cons of this creative financing model.
Another word used in the industry to refer to accounts receivable financing is known as factoring and one of the oldest forms of commercial financing. The whole process involves the selling to a specialized financing or factoring company the outstanding invoices or “receivables” at a discount. The factoring company will take on the risk of these outstanding invoices with the intent of making the difference of what is owed to what they pay out. This benefits a small business as a quick influx of cash is possible instead of waiting months for the invoices to be paid.
Now the amount of discount is where the differences lie and is something each factoring company has their own proprietary methods to evaluate. Usually this is based upon the creditworthiness of the client which owes the bill as well as the amount of time that has passed. An invoice that is more than a month or two old is seen differently from a risk perspective than one that is current. Ninety day old invoices already pose significant risks and usually not taken on.
Be aware that this is a type of unsecured financing with no need of any collateral to secure it. There is no need give away an ownership of your business either so the quick cash may be absolutely necessary during lean times. There is also many cons to this, as with anything involving financing.
First there is a stigma as most customers will be informed of the factoring company receiving the money instead of you. Factoring can be more costly than traditional loans and the contract could be much longer than you’ve anticipated. Since a factor is not a debt collection agency, if the customer doesn’t pay, you will owe even more than you started. Despite all of this, accounts receivable financing clearly has a lot of positives that outweigh the negatives, depending on your situation.
As you can see, it’s not without good reason that accounts receivable financing is a popular option for business owners. Hopefully what you read here has given you a better picture of how you can implement it if necessary.
Are you tasked with having to plan a corporate event soon? If so, you are likely going to want it to run as smoothly as possible. Below we will discuss some of the best corporate event planning tips that you should implement for your next event.
Corporate Event Planning Tips:
1. Plan Ahead.
It is wise to always try to plan ahead when you are planning on corporate event. If you need to secure a special venue, you are going to want to do so first thing. The lack of planning ahead could result in having to settle for a specific venue or place.
Always – repeat – always come up with a budget that you are going to stick to. Nothing is worse than planning an event, only to find out that you went significantly over budget. It is always advised to leave some room in your budget for overruns and mistakes. That way, you know that you are covered in the event that something goes wrong.
3. Scan Contracts and Agreements.
If you sign contracts and agreements with service providers, you need to scan them in and keep copies of them. This will protect you in the event that one of the service providers messes up or tries to over charge you.
Be sure that you send out your invitations ahead of time with enough leeway that people will be able to properly RSVP for the event. This way, you will have a proper head count and know exactly how many people to prepare for.
If you are planning a corporate event, do not make the mistake of hiring a huge music company. It is important to keep the music mellow and more so like background music than in your face type of music. Corporate events are more social gatherings than they are ‘parties.’
6. Emergency Contingency Plans.
Whenever planning any type of event, it is important that you make emergency plans in case anything goes wrong. Plan for potential natural disasters, illness, poor weather, etc.
7. Delegate Tasks.
The fact is, corporate event planning can be difficult and time consuming. You may be better off delegating minor tasks to others to help you take a more ‘project management’ type of approach. You do not want to get caught up in all of the little things. You will be better off delegating the small tasks and keeping your eye on the bigger picture.
One of the biggest things that project planners forget to take into account is the transportation both; to and from the event. It is essential that you take these considerations into account in order to effective plan a flawless event. See whether or not people will have space for parking, or if other arrangements have to be made. Believe it or not, but transportation can literally turn a successful event plan into an unsuccessful one very quickly. This should be a key thing to do before you finalize your planning process.
As you can see, there are a ton of things that you need to consider when planning an event like this. It is important that you really focus on the planning stages and come up with a solid budget that you can stick to throughout the process. It is also important to have contingency plans in case anything goes wrong. Also, be sure to protect yourself the best way possible by keeping all of your signed contracts handy. And lastly, you will want to take more of a project management approach and delegate tasks accordingly.