Question about finance

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Personal financial planning seems like such a lofty task to so many people. But it is really a simple idea. You are in control of where your money goes.

So few people are. And there really isn’t any reason why. Managing your finances isn’t a difficult task. In fact, it is one you must master in today’s world. It will get you to where you are heading. It will help put your kids through college, it will take you on that second honeymoon, it will buy your home and retire you in comfort. How could you not learn the basics?

There are three general processes in managing your finances.

First, you must be able to control your day to day finances. This is your spending and your earning. You must create a budget, perfect it and learn to utilize it. You have to put the credit cards aside and get out of debt. You have to choose saving over spending sometimes.

The key behind managing your money is that it is no longer managing you. When you are in debt and your money is all spent as soon as you are paid, you aren’t in control. When you decide where that money is going and it goes to where it earns you money, you are the one in control.

The second aspect of financial planning is seen in the choosing and working towards realistic long-term goals. These goals are the motivation behind controlling your finances. You may want to get out of debt, buy a house, go to college and retire comfortably. You might want to see the ocean for the first time — in Mexico. You might want to tour Europe with your daughter when she graduates college. No matter what your goal, it will be the fuel to keep you on the right path. Use it.

The third factor is the building of a financial safety net around your family to prevent financial disasters. You need to have adequate insurance to protect you and your family from illness, death and lawsuits. You need to have a will in place. You must have an emergency savings account that has enough money in it to cover three to six months of expenses.

Your emergency savings not only cushions your budget from the unexpected, it also prevents the usage of credit and protects your savings. You won’t have to dip into retirement when something major goes wrong. You don’t have to use an emergency credit card and then pay high interest to replace something that is broken. You have protected your finances.

Take the time to learn how to manage your finances. It means less stress on you and your family. Yes, it takes a little time and a little work. But it will pay you back many times over.

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Question about finance

So you’ve decided to start working for yourself; congratulations! Being self-employed can be a wonderful thing. Franchising is one of the very best ways to go into business for yourself, but you’ll need financing for your new start-up. If you intend on obtaining financing for your new business venture, start looking at your franchise financing options now. It can take longer than you think to apply and wait for an approval.
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Home Equity Loans: This is the least expensive and easiest commercial loan option, generally speaking. If you own your home and have some equity built up in it, you can get a home loan in around a month. A line of credit loan will allow you to draw checks upon this loan as expenses arise. Remember to include you loan payment as a business expense when doing your financial statements.

Your Retirement Account: This is a lesser known franchise financing option. Companies exist who are in the business of converting your retirement account’s funds from a retirement account into a fund for your business. However, this is not the best choice for the risk averse – you are, after all using your retirement funds for this venture, so be cautious if you go this route.

SBA Loan: The Small Business Administration provides loans for start-up businesses; or rather, they give guarantees to banks for these loans. The SBA sets up the loan programs and determines who qualifies for these loans.

Keeping It In The Family: Suppose you have good credit but don’t own your own home. You could (provided you can convince them) use the home of someone in your family as collateral for a SBA or other type of loan. You’ll still have to qualify for the loan of course, but this can be a way of getting collateral for the loan that your business needs.

Asset-Based Lenders: Using an asset-based lender is a possibility if you’ll have to buy equipment and other items for your new business. You won’t be able to finance all of the costs that you’ll incur with one of these loans; there is, for instance, the franchise fee to be paid – but you’ll need less cash on hand at the beginning this way. You collateral for this sort of loan are your assets (equipment, etc.). Keep the interest rate in mid here; the interest rate will be higher for an asset-based loan than for a loan with collateral consisting of real estate.

Sell Stock In Your Corporation: This can take some doing, since you’ll need the services of a lawyer to incorporate your new business venture, not to mention convince investors that buying into your start-up is a good idea. You’ll need a business plan which can excite investors, yet doesn’t sugarcoat the potential risks of the venture.

There are a lot of franchise financing options available out there; these are just a few of the most commonly used ones. It is very important to consider your financing source when deciding whether to buy a franchise or begin any sort of new business.

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Have you recently started your own home business, but aren’t sure how to handle the finances?  Are you nervous when it comes to business debt, budgeting for the future and balancing your gross/net figures?  Below are some helpful tips to guide you through some of the most difficult tasks of business finance. You can accurately and consistently manage your business finances without a lot of stress if you’ll implement the simple principles below.

Finance Starting Point

In order to manage your home business finances, you need a definite starting point.  This will be a summary of your entire financial assessment for your business. Note of Warning:  Often, a home business finance plan mingles with personal finances.  Try to keep these as separate as possible for tax purposes and to avoid confusion.  Even if you buy something personal with business money, write it down so you’ll be sure not to include it as a business expense.

Your Starting Point Assessment Should Include the Following:

*Most Current Gross Profits/Loss of the Business

*Most Current Net Profits/Loss of the Business (your bottom line)

*Cash on Hand

*Checking Account Balance

*Debts/Loans for the Business (include payments due and balances)

*Assets

*Advertising Funds

*Miscellaneous Items having to do with your business finances

Once you have an assessment of where you stand financially with your home business, you can move forward.  The assessment is not your budget, but it allows you to create a budget based on realistic figures.  Budgeting on a dream is not wise with a business.  You might reach your goals, but what if you don’t?  Set your goals, but only budget for those amounts when you’ve actually reached them.

Creating a Home Business Budget

Most home businesses have a tremendous advantage over larger businesses because operating expenses are normally much lower.  There’s no building rent to pay, additional utilities, etc.  If you stay at  your desk most of the day, you will save on gas, car maintenance, etc. For this reason, it’s usually easier to budget for a home business. Based on what your business has profited over recent months, or your start-up cash if your business is brand new, write down all of your business expenses that need to be paid for each month or year to get a monthly estimate. What about your salary?  The salary must be determined only after your expenses are paid.  If there’s any left, you’ll still want to keep extra cash in your business account for emergencies or unexpected slow times.  You should determine your salary on the low end at first while building your business and stick with your salary amount to maintain a steady budget. For example, if you’re able to take a $350 per week salary in a brand new home business, that’s great!  Many home business owners work a full time job while building their business and take very little (if any) salary. If you have a business checking account or some form of online account for finances, you should deposit all funds into this account and pay your salary out of the account as well as your expenses.  Checking accounts make budgeting a simple process if you keep your checkbook well balanced at all times.

Create a Budget Based on the Following Categories (more if necessary):

Some of these items will be broken down into weekly figures, some monthly and some yearly.  However, you should calculate a monthly average in order to create a general monthly budget.

*Business Expenses (include supplies, equipment, phone, etc.)

*Insurance (business and personal health insurance can be included)

*Taxes (estimated figure from your accountant based on profits)

*Debt Repayment for any business loans

*Advertising (amount will vary, but you can set a minimum or maximum amount)

*Your Salary

Once you have a list of expenses for each month, write down due dates for each, and pay bills as they come due.  Pay on time, but not too early. Your money can sit in your bank account and draw interest in many cases while waiting on due dates.

Budget with Slow Times in Mind

Just because you have tremendous profits one month, this doesn’t indicate that you can raise your salary.  Leave money in your account for those slow times.  Also, budget in advance for payments which are due yearly.  It’s much easier to save a little each month than to be surprised with a large bill later. Following the simple budgeting guide above will enable you to keep an even pace while managing your business finances.  Handle your finances with care because this is the lifeline of your home business.

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Business finance management can signify a giant question mark for people who want to venture in the entrepreneurial world. As a result, many people think not just twice but a thousand times before they invest in a business. Most of the time, even people who have the capability to put up a really good business hesitate to do so, primarily because they do not recognize themselves as businessmen who are knowledgeable in business financing. What many aspiring businessmen do not know, is the fact that there are many simple business financing options available for their utilization. Some of the most popular choices are listed below:

Commercial Mortgages

Putting up a business does not require you to maximize your expenses. Instead, proper business financing requires you to lessen your capital expenditure. This can be done by using commercial mortgages to finance your area of operation such as your office space, and/or other equipment pertinent in operating your business. This option allows you to have extra cash for other expense priorities or reserved funds for possible business ventures in the future. However, before opting for commercial mortgages, make sure that you have thoroughly examined various mortgage quotes available for you.

Asset Finance

This option suggests that you lease assets from a finance company. In this case, the leasing firm owns the properties of your business but you are allowed to “rent” the assets for business use. Aside from saving on capital expenditure, this option allows you to choose between renting new or used equipment, depending on which your business and your budget demands. Also, the availability of asset finance may prove to be beneficial when your company experiences fund inadequacy. Using this option, you can sell your assets to a finance company, and then lease the equipment for business use.

Venture Capital

If you think that you should allow yourself to explore other business ventures, if you feel that you can no longer handle the business alone, and/or if you feel that your business needs additional capital but you can no longer provide what it needs, consider venture capital. Venture Capital allows you to “cash” part of your business. This means that you sell part of your equity and control over your business in exchange for cash. Note that venture capital may open doors for business expansions as it introduces not only capital but additional help in business finance management.

Business Loans

If your company is running out of funds or if you are still on the process of starting a business, you can always run to the nearest bank and inquire about business loans. Aside from the bank however, you can look for other funding agencies. However, be sure that you have prepared a concise yet thorough and effective business proposition before you approach possible loan providers. Note that funding agencies will always ask for collateral. Prior to your application for a business loan, be sure to have explored available business loan options in your area. Carefully examine the interest they demand, the type and amount of collateral they require, the payment terms available, the timeframe for the payment, and the amount you can loan.

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Homeowners who are re-financing their home for the first or even the second or third time should thoroughly research all of the available options to ensure the best possible interest rate and terms are secured. Homeowners are sometimes lazy when it comes to re-financing.

There may a large drop in interest rates or a change in the financial situation which warrants a re-finance. Although the homeowner may be aware that a re-finance is warranted, the homeowner may not be aware that it sometimes takes a great deal of work to find the best possible rates and terms.

Homeowners are often inclined to re-finance with the same lender who granted the original mortgage or with the same lender who handled prior re-finances. The theory behind this reasoning is along the same lines as,”If it ain’t broke, don’t fix it.”

These homeowners figure their current mortgage is adequate and they are happy with the current lender so there is no need to investigate further options. However, this cavalier attitude can be quite costly for the homeowners.

Try All the Options
Homeowners who are considering re-financing their home should contact a number of lenders and obtain rate quotes from each of them. When soliciting quotes the homeowners should consider all of their available options but should limit these options to established lender.

While a newer lender may be offering fantastic rates and loan terms it is considered quite risky to go with this type of lender as opposed to a more established lender.

Homeowners who wish to further investigate smaller lenders who do not have an established history should proceed with caution. Unless the lender has trusted friends or family members who are willing to vouch for the lender, the homeowner should investigate these smaller lenders carefully.

Visiting a website address is not the best way to ensure credibility. Designing a professional looking website is a fairly simple process. Most website designers could design and upload such a website in less than a day.
Friendly Competition
When comparison shopping for the most favorable rates, homeowners should make it well known that they are shopping around for rate quotes and are not making a decision immediately.

Lenders who know they have some competition may be more likely to offer a lower interest rate than they would if they did not think the homeowner was considering other options. Although this may not seem quite fair to the lender, the business of re-financing is a competitive business.

Just like a plumber might offer his most competitive rate if he knows the homeowner is seeking estimates from a number of different plumbers, lenders are apt to do the same. They make their money from homeowners and having a homeowner re-finance their mortgage does not help them out at all financially.

Some lenders may think the homeowner is bluffing and may not offer the best rate initially. However, if the homeowner rejects the offer and states they have a better offer with another lender, the first lender may be enticed to offer an even lower interest rate just to see if they can sway the homeowners.

While cost is certainly important, it is not the only factor to consider. Some homeowners might re-finance with a lender who offers slightly higher rates if the homeowner feels as though this lender is more responsive to his needs.

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Question about finance

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Let’s face it: your finances largely affect how you spend your everyday living. It plays an important aspect when you are determining what to wear, what to eat, where to go, where to live, what to drive, what to do during your free time, and even what hospital to go to when you are sick. In some cases, it seems as if your personal finances control you. But, this should not be the case. You should start taking control of your finances instead of letting it define your life.

Taking Charge of Your Finances

Clearly, it is vital that you pay much attention in understanding how personal financing works. If you can just apply the principles of finance management in your everyday monetary decisions, then you can probably be a lot better in controlling and managing your personal finances.

Constructing a Financial Plan

The art and science of personal finance starts with constructing your personal financial plan. By coming up with a blueprint on how you should spend, save, and possibly capitalize on your money; you’ll start making the most of your finances in no time. Below are the general steps in coming up with your own financial plan:

1. Evaluate your Finances. The first step in making the right plan is to assess how well you are doing now. Examine your ways in obtaining money and assets, along with ways on how you save or spend your resources. Prepare a personal balance sheet. The list should include all your personal assets, along with their presumed values. Do not forget to jot down your checking and savings accounts, credit cards and investments in the stock market. You may also include your social security benefits, and other monetary privileges that you are enjoying such as your monthly income. After listing your monetary resources, you should then match it with a list of your expenses- from your monthly food allowance to expected monthly bills and other liabilities such as mortgages. This way you can see how much you are capable of spending and saving.

2. Identify your Goals. Your goals provide direction to your plan. Usual goals for financial plans include raising funds for personal necessities such as saving for a new house, a new car, a long awaited vacation, or an education plan for your kid. Your financial goal may be a single endpoint, or it may be a long list of your personal ambitions. In deciding what your plans are, you should take note of the plans feasibility. Do not make plans that are impossible to achieve.

3. Devise a step-by-step plan. After you have identified your goal, determine the steps you should take in fulfilling your financial goal. This may include cutting down on unnecessary expenses, exploring new sources of income, or saving more money in the bank. Whatever your steps are, make sure that you are capable of implementing and following your plan. Do not forget to examine possible problems that may interfere with your steps. In such cases, prepare alternate plan of actions. Also, you ought to construct a time frame for your plan.

4. Carry out the Plan. This is probably the hardest part- implementation. When executing the plan, you need to constantly remind yourself about your goal. That way, you can stay motivated and inspired to follow the steps. Equip yourself with utmost discipline and large doses of perseverance. If possible, look for support groups that can possibly encourage you to stick to your plans.

5. Monitor and assess your plan. Keep an eye on how your steps work for the fulfillment of your overall goal. Examine if your plan is really working and if it still feasible and beneficial for you as time passes. Be open for alternatives or possible changes to your plan, especially if unforeseen circumstances affect the consequences of your assumed goal.

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Question about finance

The Process

Including the finance department in Six Sigma deployment is a decision usually made at the design stage of the operation. Here, the department is treated as an associate in the establishment and operation plan. Easy said than done, many operations people are of the view that people related to accounting or anything to do with it are scorekeepers, auditors, or bookkeepers. Making them adapt to the awkward inclusion of the finance department is always a barrier.

All the ideas that had the ability of becoming Six Sigma projects have to be evaluated by the finance department before being finalized. Thereafter, the finance department authenticates the potentiality of every project to affect the result. This not only restricts process owners from pinpointing Six Sigma projects but also allows them to identify prospects. Additionally, financial evaluations act as decisive factors for business decisions and viability of an opportunity to the Six Sigma project.

Six Sigma Committees are active in the decision-making process. It is known that process owners and Belts frequently criticize the inclusion of the finance department and hold it responsible for the stagnation of profitable projects. However, later they become conscious that the projected advantages of a few projects may not even influence the result.

Finance can work with the teams for identifying the advantages of any project. There are times when some projects actually project more profits more benefits compared to what the process owners originally forecasted. The process owner and the finance department should concur on how these benefits can be premeditated after implementation of the project.

A second review of the inclusion of finance is carried out at the end of the DMAIC process. Afterwards, the ownership of the solution is immediately transferred to the process owner. The Belts are not involved with the calculation of benefits – they only concentrate on the DMAIC process.

Eventually, during first year after the implementation of the date solutions, the company records the profits. If there is a possibility of making an improvement, new Six Sigma projects are created. Whereas involving finance in a Six Sigma project generally starts before involving the Belts, it also goes on even after the Belts transfer ownership of the solution to the process owner.

Advantages of involving Finance in Six Sigma

-By recruiting a finance team to calculate the benefits, the real benefits are easily recorded with accuracy. This allows the team to focus completely on improving the KPI, without thinking about the final financial results. An improvement in the KPI can affect the bottom line.

-Inconsistencies may occur due to differences in working and handling styles. Instead, insisting on a single process that ensures proper financial calculation of every operation can offer comparable results.

-If the process of calculation remains with the owner, they may end up forgetting to calculate other processes that are affected by the calculation.

-These audits can be conducted internally or by simply inviting eternal teams to review calculations of the benefits.

Working with the finance department requires effort and a more proactive approach. Every finance team requires a single member to work on each individual project – this is required to understand the business better and influence the results of the company.

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Question about finance

Also, if there are any people who have careers in finance, what do you specifically and do you like your jobs? Because I have an internship in finance and accounting and it is pretty boring…but it is just because they don't give me enough work to do so I don't feel like I have had the true experience.

It’s a known fact that companies that obtain bankruptcy financing have a much higher chance of emerging out of chapter 11 as a viable company than those that don’t secure debtor in possession financing. However, obtaining DIP financing has always been a challenge. There is the obvious reason that insolvent companies can be risky investments for commercial finance companies, so not many companies offer the product. And for the most part, DIP financing has only been offered by banks and corporate finance companies to large companies. Because of this, many small and medium sized companies were never able to secure financing and went out of business.

Recently, the trend has been reversing and a growing number of finance companies have begun offering specialized forms of bankruptcy financing to small and medium sized companies. Although still not widely available, a number of small businesses have been able to secure DIP financing and emerge from bankruptcy.

One of the biggest challenges that bankrupt companies have is that they lose control of all their bank accounts as soon as they declare for bankruptcy. Most assets up to the point of filing for bankruptcy have to be used to satisfy past debts. If your customers take 30 to 60 days to pay their invoices, that means that you may have to go without much liquidity for a number of weeks, unable to pay employees or buy new supplies. Factoring financing is a form of DIP financing that can help in these situations. Factoring accounts receivable provides you with an immediate advance on your slow paying invoices, supplying the needed funds to pay employees and suppliers. Factoring receivables provides you with the liquidity and breathing room to run your business while you navigate the chapter 11 bankruptcy process.

Qualifying for factoring is relatively easy. The biggest requirement that factoring companies have is that you sell products/services to credit worthy commercial customers who pay in less than 90 days. Factoring works best if your customers pay in 30 to 45 days and if your profit margins are at least 15%, but is flexible enough to work in other situations.

One substantial advantage of accounts receivable factoring is that is readily available to small and midsized companies. Like any form of debtor in possession (DIP) financing it will need to be approved by the court. And, it is best to apply for DIP financing and bankruptcy at the same time since it will give you a better footing on the critical weeks immediately following a bankruptcy.

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There is a reason why accounts receivable financing is a four thousand year old financing technique: it works. Accounts receivable financing, factoring, and asset based financing all mean the same thing as related to asset based lending- invoices are sold or pledged to a third party, usually a commercial finance company (sometimes a bank) to accelerate cash flow.

In simple terms, the process follows these steps. A business sells and delivers a product or service to another business. The customer receives an invoice. The business requests funding from the financing entity and a percentage of the invoice (usually 80% to 90%) is transferred to the business by the financing entity. The customer pays the invoice directly to the financing entity. The agreed upon fees are deducted and the remainder is rebated to the business by the financing entity.

How does the customer know to pay the financing entity instead of the business they are receiving goods or services from? The legal term is called “notification”. The financing entity informs the customer in writing of the financing agreement and the customer must agree in writing to this arrangement. In general, if the customer refuses to agree in writing to pay the lender instead of the business providing the goods or services, the financing entity will decline to advance funds.

Why? The main security for the financing entity to be repaid is the creditworthiness of the customer paying the invoice. Before funds are advanced to the business there is a second step called “verification”. The finance entity verifies with the customer that the goods have been received or the services were performed satisfactorily. There being no dispute, it is reasonable for the financing entity to assume that the invoice will be paid; therefore funds are advanced. This is a general view of how the accounts receivable financing process works.

Non-notification accounts receivable financing is a type of confidential factoring where the customers are not notified of the business’ financing arrangement with the financing entity. One typical situation involves a business that sells inexpensive items to thousands of customers; the cost of notification and verification is excessive compared to the risk of nonpayment by an individual customer. It simply may not make economic sense for the financing entity to have several employees contacting hundreds of customers for one financing customer’s transactions on a daily basis.

Non-notification factoring may require additional collateral requirements such as real estate; superior credit of the borrowing business may also be required with personal guarantees from the owners. It is more difficult to obtain non-notification factoring than the normal accounts receivable financing with notification and verification provisions.

Some businesses worry that if their customers learn that a commercial financing entity is factoring their receivables it may hurt their relationship with their customer; perhaps they may loose the customer’s business. What is this worry, why does it exist and is it justified?

The MSN Encarta Dictionary defines the word worry as:

“Worry

verb (past and past participle wor•ried, present participle wor•ry•ing, 3rd person present singular wor•ries)Definition: 1. transitive and intransitive verb be or make anxious: to feel anxious about something unpleasant that may have happened or may happen, or make somebody do this

2. transitive verb annoy somebody: to annoy somebody by making insistent demands or complaints

3. transitive verb try to bite animal: to try to wound or kill an animal by biting it

a dog suspected of worrying sheep

4. transitive verb

Same as worry at

5. intransitive verb proceed despite problems: to proceed persistently despite problems or obstacles

6. transitive verb touch something repeatedly: to touch, move, or interfere with something repeatedly

Stop worrying that button or it’ll come off.

noun (plural wor•ries)Definition: 1. anxiousness: a troubled unsettled feeling

2. cause of anxiety: something that causes anxiety or concern

3. period of anxiety: a period spent feeling anxious or concerned…”

The opposite is:

”not to worry used to tell somebody that something is not important and need not be a cause of concern (informal)

Not to worry. We’ll do better next time.

no worries U.K. Australia New Zealand used to say that something is no trouble or is not worth mentioning (informal)”.

Query: if a business is financing their invoices with accounts receivable financing, is this an indication of financial strength or weakness? Query: from the point of view of the customer, if you are buying goods or services from a business that is factoring their receivables, should you be concerned? Query: is there one answer to these questions that fits all situations?

The answer is it’s a paradox. A paradox is a statement, proposition, or situation that seems to be absurd or contradictory, but in fact is or may be true.

Accounts receivable financing is both a sign of weakness with regard to cash flow and a sign of strength with respect to cash flow. It is a weakness because, prior to financing, funds are not available to provide cash flow to pay for materials, salaries, etc. and it is an indication of strength because, subsequent to funding cash is available to facilitate a business’ needs for cash to grow. It is a paradox. When properly structured as a financing tool for growth at a reasonable cost, it is a beneficial solution to cash flow shortages.

If your entire business depended on one supplier, and you were notified that your supplier was factoring their receivables, you might have a justifiable concern. If your only supplier went out of business, your business could be severely compromised. But this is also true whether or not the supplier is utilizing accounts receivable financing. It’s a paradox. This involves matters of perception, ego and character of the personalities in charge of the business and the supplier.

Every day, every month thousands of customers accept millions of dollars of goods and services in contracts that involve notification, verification and the factoring of receivables. For most customers, “notification” of accounts receivable financing is a non-issue: it is merely a change of the name or addresses of the payee on a check. This is a job for a person in the accounts payable department to make a minor clerical change. It is a mainstream business practice.

Bobby McFerrin wrote and performed a song called “Don’t Worry, Be Happy” for the movie “Cocktails” starring Tom Cruise. The song was a number one U.S. pop hit in 1988 and won the Grammy for Best Song of the Year. Here are the lyrics:

”Here is a little song I wrote

You might want to sing it note for note

Don’t worry be happy

In every life we have some trouble

When you worry you make it double

Don’t worry, be happy……

Ain’t got no place to lay your head

Somebody came and took your bed

Don’t worry, be happy

The land lord say your rent is late

He may have to litigate

Don’t worry, be happy

Look at me I am happy

Don’t worry, be happy

Here I give you my phone number

When you worry call me

I make you happy

Don’t worry, be happy

Ain’t got no cash, ain’t got no style

Ain’t got not girl to make you smile

But don’t worry be happy

Cause when you worry

Your face will frown

And that will bring everybody down

So don’t worry, be happy (now)…..

There is this little song I wrote

I hope you learn it note for note

Like good little children

Don’t worry, be happy

Listen to what I say

In your life expect some trouble

But when you worry

You make it double

Don’t worry, be happy……

Don’t worry don’t do it, be happy

Put a smile on your face

Don’t bring everybody down like this

Don’t worry, it will soon past

Whatever it is

Don’t worry, be happy”

The bottom line: “notification” should not be an issue in most situations involving accounts receivable financing; non-notification factoring is another option that is available for businesses concerned with confidentiality that meet minimum credit standards for asset based lending. Bobby McFerrin was right: “Don’t Worry, Be Happy”.

Copyright © 2007 Gregg Financial Services

www.greggfinancialservices.com

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This video is a client production for the organization youthnoise, which aims to encourage youths to get involved and make a difference. The goal of this video was to explain where California schools get their money and how the money is spent so that members of youthnoise can see opportunities to be more involved. The video is currently displayed on the Right to Learn part of youthnoise.com.

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Question about finance

Many a time, a company or business organization needs to purchase expensive vehicles for the purpose of meeting the various business requirements. Business vehicle financing is a viable option in such cases. The construction companies, sanitation companies and several other companies require business vehicle financing to meet the various requirements of their work.

The world of business vehicle financing, at times is quite confusing. Therefore you need to give vital importance for getting loan to buy business vehicles. There are some reliable financing companies that provide you better terms for business vehicle financing through simple application procedures and fast approval of applications.

There are number of business vehicles that require financing. Ambulance financing may be required by medical industry. An ambulance should ideally contain the latest medical equipment. Since the cost of ambulance is near to six figures, it is often essential to go for loans. However it is important to select a reliable financing company that offers immediate loan approval without any cumbersome procedures.

Business vehicle financing is essential in case the company wishes to buy a garbage truck. A recycling garbage truck is often essential for collecting specialized wastes like glass, paper, aluminum, asphalt and plastics for the purpose of recycling. These trucks are essential for some industries that need to recycle the wastes of the manufactured products. The recycling trucks are very expensive and thus help of financing companies is essential.

Business vehicle financing is also essential for buying hearse if your business is providing services for funeral purposes. Driving a hearse down the road followed by cars always brings respectful feeling. But you may not have even heard the word ‘Hearse financing’ since hearse is a limited use vehicle. However some reputed financing companies provide hearse financing too. You can get one or many hearses from such companies without any tiring procedures.

Boom truck financing is required for a business that provides tree trimming services or loading and unloading tasks. Boom truck is far better than heavy cranes. However it is expensive and so it is important to go for loan to get the boom truck for your business purposes.

Business vehicle financing is particularly important in the construction industry. Mixer trucks are used in the construction business for mixing and pouring concrete and so on. They are very costly and so mixer truck financing is a must. However, it gets very difficult to acquire financing for buying mixer trucks as they are used for very limited purposes. But some legitimate financing companies provide loan for mixer trucks too.

Commercial vehicle financing is essential for the purpose of buying buses, vans, dump trucks and bull dozers for meeting the various business requirements. One needs an expert’s help to get financial help for acquiring commercial vehicles. Commercial, recreational vehicles are often expensive and so they require the assistance of financing companies. Before going for a loan, make sure that the financing company has been in existence for longer period of time. Also ensure that there is no cumbersome procedure for getting the financial help. Fast approval of procedures and lower interest rates characterize good business vehicle financing companies.

Chris Fletcher is an Account Executive at a national equipment finance company providing new and used Business Vehicle Financing at http://crestcapital.com/catalog/Business_Vehicle_Financing as well as financing for many other equipment types and industry verticals.

Video related to finance

Every week Max Keiser looks at all the scandal behind the financial news headlines. This week Max Keiser and co-host, Stacy Herbert, talk about Geithner's AIG shenanigans, Goldman's 259% bonuses and the teamsters defeat of Goldman Sachs. Keiser also speaks to Birgitta Jonsdottir, leader of The Movement in the Icelandic Parliament, who is taking on the international bankers.

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