A Telecommunication Business allows you the possibility of making money every time you pick up the phone, or go onto the internet. People say it is impossible, but is it? Telephone companies and electric companies have been doing it for over 100 years.When the government began to break up the telephone companies and made it possible for independent electric companies to compete, the door was opened to telecommunication business opportunities. This is really not a new type of business, and it not a get rich quick scheme. It is a highly respected and profitable home based business when treated as a business.You will need to do your research about the telecommunications industry before anything else. You will technically be buying a franchise, so you may incur start up costs that could be substantial. However, depending on the company you decide to go with will change the start up costs. Some have no fee to start while others can run into the thousands of dollars. See what each company offers and then decide which is best for you.When looking at these telecommunications companies you want to check several things. One that has been mentioned is the start up costs. Check also to see if there are any other fees that are incurred monthly. Another consideration would be compensation, and residual income.Compensation within each company is different. Their compensation telecommunication business affiliates runs from 0% until you reach a certain level in the company, up to 20% from the day you begin. You need to find a compensation plan that is right for you.You should also look at the residual income and see if it is offered. This is income that you will continue to receive even after you retire. There are companies who offer no residual income until you get to a certain level, and other companies that offer it for two generations after your death. You need to be comfortable with the residual income before you decide.You should also consider what services the company will offer to your customers. Each company offers general telecommunication services for their affiliates, but some offer additional services and have plans to expand. Check all of this out before deciding on the company.Something else you may want to consider is if the company will help you market your telecommunications business. Do you want a website, only word of mouth, or both? See what each company has to offer and decide which marketing option will fit you best.Hopefully one company will have many of the options at the levels you want. However, chances are you will have to compromise on one or more options. Decide what is really important to you before making your final decision.Once you have joined a company as an affiliate, you will want to switch your home and business telephone company to your own. If the service is available, change your internet too. The best way to save money and actually make money is to take advantage of the services yourself.Many affiliates focus on one group of customers, such as the general public, college students, older persons and families. Others focus on businesses, such as home based, small, mid-size, or corporate businesses. Choose a group or don’t play favorites. That is one of the best reasons to start your own business, the choices are yours and they are endless.It is imperative that you keep up with the trends in the industry. Go the parent companies website regularly, subscribe to newsletters and telecommunication business periodicals. By knowing the future you can expand your client base, and keep the clients you already have happy.This is definitely not a get rich quick plan. It does take a lot of work. Maybe start it as a part time job and as it grows you can change the goals and your life. The options are endless. With time and effort, this could be a rewarding career for people wanting to make a difference, and willing to work hard.Look into it now. Research the companies, and then decide if a home based telecommunications business opportunity is the right business for you.
Business Capital Solutions In Canada: Accessing Proper Cash Flow & Commercial Financing
Business capital requirements in Canada often boil down to some basic truths the business owner/financial mgr/entrepreneur needs to address when it comes to financing for businesses.
One of those truths? Knowing the true state of their financial condition and what financing they do and don’t qualify for when it comes to meeting commercial lending requirements in Canadian business.
Business Loans In Canada
Whether you are smaller or start-up firm looking for information on how to get a business loan or a larger established firm looking for growth financing or acquisition opportunities we’re highlighting 3 mistakes that commercial loan seekers like your company need to avoid making when addressing, sourcing and negotiating your cash flow / working capital and commercial financing needs.
1. Understand the true condition of your company finances – These are almost always successful addressed when you spend time on your financials and understand how your financial statements reflect your access to commercial loans & business credit in general
2. Ensure you have a plan in place for sales growth and financial needs as it relates to commercial financing
3. Understand that actual hard facts about cash flow which is, of course, the lifeblood of your company
Can you honestly answer or feel positive about all those 3 points. If so, pass Go and collect $ 100.00!
A good way to address your company’s finance plans is to ensure you understand growth finance solutions, as well as how to manage in a downturn – i.e. not growing, losing money, etc; It’s never fun to fund yourself in an economic or industry downturn such as the COVID pandemic of 2020!
When we talk to clients of new or established businesses it seems they are almost always talking about sales, so the ability to understand and focus on the differences in their profits and cash fluctuations is key.
How do cash flow and sales plans and projections affect the type of financing you require? For one thing sales growth usually starts out by consuming your cash, not generating it. A poor finance plan will drag your business down and addressing financing simply gets tougher and tougher.
Three basics always emerge when it comes to your search for the right business capital and financing.
1. The amount of financing you need
2. The type of financing (debt/cash flow/asset monetization) The business loan interest rate will be dramatically affected by whether you choose traditional or alternative financing solutions. Private business loans in Canada come from non regulated commercial finance companies most often known as ‘ alternative lenders ‘. These lenders are typically highly specialized in one ‘ niche ‘ of business financing and may be Canadian firms or branches of U.S. banks and non-bank lenders
3. How the financing is structured to be manageable with your day to day operations
What Finance Company In Canada Can Meet Your Borrowing Needs & Why Is Capital Important In Business
Let’s identify and break down key financings your firm should know about and understand if they are applicable and achievable to your business. They include:
A/R Financing / Factoring / Confidential Receivable Finance
Inventory finance / floor planning / retail inventory
Working Capital term loans
Unsecured cash flow loans
Merchant working capital loans/advances – these loans are geared toward short term cash needs and are typically one year in duration. Loan amounts are typically 15-20% of your annual sales revenues.
Royalty finance
Asset based non bank business lines of credit
Tax credit financing (SR&ED bridge loans)
Equipment Leasing / Sale leasebacks – Equipment financing in Canada is used by almost 80% of all companies looking to acquire new, and used, assets.
Govt Guaranteed Small Business Loan program – Government Loans in Canada are sometimes referred to as ‘ SBL’, aka Note: BDC Finance solutions are available from this Canadian non-bricks and morter crown corporation. A small business loan via the government-guaranteed loan program comes with true flexibility around term loan duration, market rates, no pre payment penalties, and of course the low personal guarantee that is required by borrowers. These two ‘ government ‘ loan solutions are often perfect for financing a new business.
If you’re focused on not making mistakes in your business finance needs and want to capitalize on the solutions your competitors are probably already using seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your cash flow and commercial financing needs.
Stan has had a successful career with some of the world’s largest and most successful corporations.
His employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) In 2004 Stan founded 7 PARK AVENUE FINANCIAL – He is an expert in Canadian Business Financing.
What Are the Key Contributors of the Growing Demand For Pharmacy Technicians?
There are quite a number of positive developments which affect the increase of pharmacist Technicians in the past decades, some of them are:1. The gain of national certification on pharmacy Technician career and job has opened up a lot of opportunities for those who have the interest to become assistant to a pharmacist.2. The development of model curriculums for Pharmacy Technician training and a higher and greater level of recognition of pharmacy technicians in the State and Nation wide on pharmacy practice Acts have encouraged many potentials to seek for new employment opportunities as well as to seek for pharmacy technician’s courses in colleges or online.3. The roles and responsibilities of Pharmacy technicians have been more clearly defined in hospital, community centre, clinics and wherever the skill sets of pharmacy technicians are needed.
4. Increasingly, hospital pharmacies are encouraged to develop pharmacy technician programs and the increase changes being called out to ensure the roles of these technicians was appropriately articulated in state laws and regulations.5. The responsibilities of this professions have increased over the years from initially they are responsible for most of the clerical work only in the pharmacy ( similar to a clerk) … until they start to play the governance role for the state pharmacy association as well as the state board of pharmacy.6. The enablement of pharmacy asistants across multiple settings today, including community pharmacy, hospitals and health systems, long term care facilities, clinic pharmacies, health insurance companies, pharmaceutical whole-salers etc signify that this is a profession which is largely needed in a good wide spread of industry.7. In the recent years, pharmacists have become more receptive to pharmacy technicians compared to 15 years back where the latter is given the task of dispensing medicine only. However much has changed over the last few years in the potential increased in job scopes of pharmacy technicians.8. The enhancement in medical field has enabled new medications, antidotes to be invented across the world by the medical experts. This has significantly reduced non fatal deaths, reduce or eliminate significant pain of patients with this invention. With the prolonged age of the population in the society today, the demand for pharmacy technicians have significantly being increased as well.9. On the other hand, with the increase invention of of new medications invested and become available today, the pharmacists are faced with a greater number of prescriptions to dispense. This has directly reduced the bandwidth of the pharmacists, leaving them with lesser time for counseling patients. At the same time, their working conditions and schedules have deteriorated with an increase in job stress. This is where the importance of the pharmacy technicians comes into picture and they presence has helped to take over the tasks of dispensing the prescriptions to the patients.Pharmacy assistants as such has gained it popularity increasing nowadays and it is by no mistake on the increased demand of pharmacy technicians in many health sectors in the society today.