The health care reform bill has recently been approved in the US. Because of this the Europeans are gloating that it took this long for this kind of legislation to be passed. Europe has always had their systems controlled by their governments. The US has finally come around to this concept.In history, Germany has one of the oldest universal health care structures. It dates back to, their first chancellor, Otto von Bismarck’s legislation. This was followed by Britain in 1911, which covered majority of employees including their dependents provided they were giving to the scheme for a minimum of 5 yrs. In 1948, following the signing of Article 25 of the Universal Declaration of Human Rights, the National Health Service was created. This broadened the security of the government’s health initiatives to include all legit citizens of Britain. Majority of other countries that signed the Human Rights Declaration followed suit with their own versions of health care systems. The US was one of the signatories who did not ratify the right to health.Universal health care, no matter what country implements it, all have one thing in common, that is, there is some form of involvement by that country’s government whether through regulation, legislation or taxation. They usually prescribe what sort of care must be given, based on what, & to which particular individuals. Some programs are partly paid by the client with most of the costs from either taxes or obligatory insurance while others are shouldered by taxes alone. Sometimes, the government runs the system directly.Different countries have various systems for universal health services depending on the degree of involvement of the government. Switzerland and the Netherlands have systems run by private companies which are heavily regulated by the government that they cannot take advantage of the mandated insurance. They make their killing through supplementary insurances. In Italy, Spain, UK & some Nordic countries, the government is fully involved in health care services and eligibility is based on citizen rights and not mandatory insurance.In Canada, the system is funded by taxes but private companies supply a lot of the services. The physicians collect a fee according to the services rendered. In Australia, 67.5% of the system is funded by the government while the rest is shouldered by private companies. In nations such as France, Germany, & Japan, they use a multi-payer system-health service funded by both public and private sources. The private funding comes from employees, together with their employers, contributing to sickness funds that are regulated. The contribution depends upon an individual’s salary.
Commercial Lending: Making Sure Your Needs Are Met
Getting a mortgage is an adventure. It does not matter if you are looking for a mortgage for a home or for a business venture the basic same rules apply. It is tough to enter into a large financial agreement with a lender that is often a complete stranger to you and your needs. The problem is that you have specific needs that your commercial lending company needs to meet in order for you to feel confident that it is the right deal for your company.There are some basic tips you will want to follow and things to think about as you apply for commercial lending. Not only are you looking for a quality lender, low interest rate and fair terms for your loan needs. Finding this miracle lender is the tricky part and it will take time. Also, just because you have found someone do deal with your lending needs for this transaction don’t assume that with every aspect of business lending that they will be your go to lender. You will need to stay up to date on your lending needs too and not rely on someone else completely.First speak to a mortgage advisor. It is important that a party that is not invested in you or a lender look at your situation impartially to advise you. A mortgage advisor is an individual who is paid to help you find a great deal on a commercial loan. Because they don’t have any connection to a lender they will look for the best deal within your business sector and can also navigate better because they are professionals in the industry.Mortgage brokers can also be useful because they often specialize in a certain type of lending such as commercial lending. They will be able to explain their specialty inside and out. They can give detailed information about lenders and different mortgages available which is all information that will benefit your lending needs.Remember to leave yourself plenty of leeway in finding a mortgage for a commercial venture. Residential mortgages take a while and much paperwork is needed to complete them but it is nothing in comparison to a commercial loan. If you go with a mortgage broker or advisor they may be able to help streamline the process helping the speed at which your loan goes through.It is imperative that when working with a professional broker or advisor that they are independent of a lender. This way you know they are really scoping out the industries best deal for you and not favoring a lender because of ties to that company.It is possible to arrange for a commercial loan on your own. Be prepared for leg work and ask friends and business contacts for referrals. Often you’re the financial people in your life can assist you with contacts. Your accountant, financial advisor and other business owners can be your best allies when looking into a commercial loan. Don’t forget about your banking institution also. They can provide services to help you with finding a commercial loan or pointing you in the direction you should be looking.You should use all online tools available to you. Scope out forums and blogs that will help you understand key elements and terms that lenders are throwing at you. It is important to be knowledgeable and well educated when you enter into an agreement such as one with the magnitude of a commercial loan. It will affect you and your business for years to come so make sure it is a best fit for all parties involved.
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Who Needs Commercial Business Finance?
If you need to fund your business in the most profitable way, then commercial business finance is the only option. Using either secured or unsecured loans, you can get financing. The investments and properties you hold can turn to be useful for your future and current ventures with such business loans. You can also start your own enterprise with commercial loans. It is also possible to generate funds for business expansion with these loans. There are a lot of entrepreneurs and business owners who are not sure whether commercial financing is available for them. To encourage entrepreneurs, several banks and lenders offer these types of loans to help people run their businesses smoothly.The choice of obtaining secured or unsecured loan depends purely on your needs. Secured loans can be obtained based on your property. The amount of loan you can get through this option is generally limited by the equity in the property. This property can be anything ranging from real estate to machinery. Generally, lenders provide commercial loans based on the income generated by your business. Additionally, if you are able to secure your business loan with your properties, then you can reduce the interest rate that a lender will offer for your loan. Unsecured loans on the other hands are ideally suited if you do not have properties and are starting a new business on your own. However, you have to face a slightly higher interest rate and you may also be given a lower loan amount.You need commercial business finance for your operations and you have to prepare yourself in every possible way to get the loan. You have to prepare a proper business plan that explains the nature of your en devour. If you are able to produce a good business plan, lenders will be more interested in offering you a loan. Otherwise, lenders may believe that financing your particular scenario is risky. For getting a loan for your new venture, you have to provide a thorough business plan. If you are already running a business successfully, you have to show credit standings and financial statements stating that your are really successful in your industry. You may also have to show tax references to prove that your operation is legitimate.In the present credit crunch, several banks have limited offering loans for specific industries. This is true to some extent, but if you are able to prove that you can repay your loan, then you may be granted the loan. Even though some lenders reject your application, you should not lose your hope. Several banks and lenders in the country are ready to provide business loans. Certain U.S.D.A and S.B.A programs are still available and have loosened up the small business market somewhat. However, if you have a poor credit rating, you can still obtain loans, but you may have to pay a higher interest rate for the risk involved in lending you money.For commercial business finance, it is better to search the Internet as you can have a variety of lenders ready to offer loans. Further, you can compare interest rates and choose the lender depending on your needs. It is always better to consult an expert before you select any financing options.
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Small Business ERP – Be Aware of These Things
Finding the right Small Business ERP for your company
Small Business ERP is a unique category of enterprise software. It typically needs to have all the functionality of large corporate ERP software, but it needs to have as few clicks and screens as possible to ensure that the users are not overburdened with a lot of time spent entering data. The size of the business does not necessarily change the functionality required in the software. Rather, the small company often has a need for higher efficiency since they cannot afford the manpower to maintain the system.When you look at ERP software, there are three tiers of applications. Tier 1 is large multi-national software solutions, such as Oracle, SAP, and JD Edwards. Tier 2 is the mid-market level. These applications are suitable to businesses in the range of 50M to 250M. This is the sweet spot of the market. Like any bell curve, the mid-market has both the most customers, as well as the most product offerings. The last tier is the Tier 3 offerings which is the small business ERP category. These are systems suitable for 1 person start-ups to about the $50M level, although some of these products become inefficient if they have more than 20 users on the system. So while they claim to be Small Business ERP offerings, they are for the smallest of companies.Things to look for in Small Business ERP
When evaluating small business ERP solutions, it is important that you properly screen the potential software candidates to ensure you get a software that fits your business. If you don’t you will run into many different issues. Here are some tips:1. Make sure that the small business ERP software you are looking at fits into your niche.
2. Make sure that the data entry is simple and efficient
3. Make sure that the database platform can be managed by you or your staff
4. Look at the support offerings of the small business ERP provider to ensure that it is tailored to your needs
5. Determine that the small business ERP reseller provides enough training to properly get your staff up and runningLet’s discuss these points. First you need to make sure that the software you are looking at fits within the business model or industry that you work within. A retail store should not use a software designed for distributor. See what other customers that the software provider has worked with in the past and ask for specific examples of companies in your industry.You need to make sure that the users do not become slaves to the system. Make sure that the data entry screens are simple, efficient and do not require a lot of bouncing around to other screens to input simple things such as invoices or purchase orders.The heart of the system is the database. You need to make sure that the database does not require a full-time system admin to maintain it. It should be designed to be self maintaining and easily managed. Learn a little bit of the technical requirements from the Small Business ERP solution provider. You do not want to be in the situation where you need to bring in a specialized database administrator if later something goes wrong.Small Business ERP should have support designed for you the small business owner. You should easily be able to call in and immediately speak to a rep for support. You don’t want to have to wait for days to get answers. Be careful of small systems with small support staffs. Especially be wary where the system is developed and maintained by one or two people. Yes, they are also a small business, but it will be a big problem when they are not available to assist you.Lastly, you and your staff need to have enough training to properly operate the application. Do not skimp on this point. You need more training than you think. In fact, it would be good to plan on training to go live and at least one other training session a month after go-live to answer any questions and resolve any problems from a lack of knowledge. You won’t become experts on the system in a day, so plan on future training sessions.The future of Small Business ERP
The future of Small Business ERP seems to be one of two paths. There are those systems that will continue to be operating on a small network of computers and do quite well on them, such as QuickBooks or DBA Software. The other path is that of small business ERP companies such as NetSuite, who are leading the charge to bring small business ERP to the cloud. This means that you will have access to the application through a browser and no installed software will exist on your site. You are licensing access to a system that stores your data remotely and operates via an internet connection.People often are concerned with this model as your data lives somewhere else. The fact of the matter is it is probably safer there than on a computer sitting in your back room. The data center security policies and the high-levels of authentication that are enforced by cloud computing providers truly lock down your data and its accessibility. Whereas your server in your back room is often open to anyone who happens to wonder by. This seems to be riskier. Nonetheless, whichever path you choose, you can be assured that the small business ERP industry is continuing to grow and develop.