Enhance your business with corporate hospitality

How to keep your clients happy

The most important part of any business is the people that buy from that business – the clients.

It is often overlooked by many, but a little ‘generosity’ here and there can go a long way to creating the right image for your business, and in turn, more sales. Also, when it comes to the giving of gifts, it can also help to keep ‘front of mind’ with your potential / existing clients, so when the time comes to give out new business, you’re the one they think of.

Corporate hospitality can take many forms, and could involve you taking your clients out for a meal, show or even to a concert. However, actually taking your clients to the event personally, and not just buying them tickets is preferable, as you will have the added advantage of being able to further your personal relationship with them. This is important, as people generally buy from people that they ‘like’ at least I know I do, anyway.

An offshoot of this is the giving of ‘gifts’ at Christmas, and it is always a good idea to send out a hamper, wine, or other suitable gift to your best clients at this time of year, especially seeing as it is the perfect excuse, and is actually perceived as ‘the done thing’.

So remember, look after your clients, and they, in turn, will look after you.

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What you need to know about bank accounts

Vital Factors For Banking and Finance – A Background

cash machineModern day bank accounts offer numerous advantages and have become much more than just a spot to keep your cash. The added features that some banks supply range from cashback on your savings, to health insurance policies. You will also generally receive interest on the balance of your account. After opening your account, you will also generally receive a debit card which may be used to purchase goods and services. In order to qualify for some of the attributes of your account you may need to have a great credit score, particularly for things like overdrafts and credit cards.

Joint Current Accounts

Combined bank accounts work the same as any other bank account with the exception being that the account is managed by two people, generally partners or friends. The primary benefit of a joint account is that it can allow it to be less difficult to manage household bills if they may be paid from one position rather than separate accounts. With a joint account, all parties must have a high level of trust between the account holders, as each person will be able to withdraw cash without clearing it with the others. Really, if you incur any debt through your account, such as through an overdraft both parties are responsible for reimbursing it regardless of who spent the cash. Additionally, it will be a prerequisite that all parties pass a credit check so as to open such an account.

With a business account you may be able to keep your business and private spending different, whilst still having similar features to a personal account. Yet, it is a requirement of a limited company or partnership that a business account is set up and used. You’ll additionally need to have two crucial signatories for such an account, although others can also be added if required. The exception to this is for sole traders, who may pick which sort of account that they want to use, and may additionally be in control of their own authorisation conditions. A company account can be either an easy affair including a basic debit card and cheque book, or can be more complicated and even contain such matters as company counselors and loans.

Accounts for Bankrupts

If you find yourself in the scenario where you’ve been declared bankrupt, subsequently setting up an account can be quite a daunting process. It is possible to have a bank account, even if you really have been declared bankrupt, although it is unlikely that you will have the ability to have access to any credit facilities. The ordinary kind of account that you will be able to open is called a basic bank account, which is like a standard account, but with less characteristics. There is also the choice to start an account without experiencing a credit check, which are referred to as guaranteed bank accounts. There is normally a small fee to pay for these products but they can be useful to those people who are finding it difficult to procure a current account.

Accounts for Kids

Generally the minimum age a child can start an account is eleven years and above. Bank accounts for kids are much the same as adult accounts, although they typically offer a lesser withdrawal limit per day. you will normally find that most banks have two accounts for children, one for a lower age group, and another with a higher daily withdrawal limit which is for old children. From the age of seven, children are also able to start a savings account. Banks normally restrict children’s accounts so they can never spend more than is accessible to them.

Even if you’ve got a lousy credit rating it’s possible to procure a bank account with a debit card and the facility to use direct debits. All banks offer what is known as a basic bank account as one of their services, while you might have to request at the counter for it, and perhaps execute some research before going. You’ll manage to do most things with these accounts, although it is improbable you will receive any overdraft ability, or interest in your balance. Most folks are accepted for basic bank accounts, even if, for example they’re now in an IVA, DMP, DRO or are a discharged bankrupt.

Pupil Current Accounts

Pupil bank accounts offer all the facilities of a normal account with the added advantage of a free overdraft, provided that customers remain in their established overdraft limit. They generally come with other advantages, aimed especially at the student marketplace, including railcards. You’ll need to be in university to open a student account, and the bank will typically require some kind of proof that you’re attending a course. There is also the choice to alter your account to what is known as a graduate account for a further year after completion of your class.

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How to maximise your personal finances

Don’t Struggle With Your Personal Finances–Use These Tips.

They say “money can’t buy happiness,’ but it certainly can be a source of stress. Whether you don’t have enough money or don’t know what to do with the money you have, almost everyone has worries about their finances. In this article, you’ll find tips that will help your money work for you, not against you.

Pay off your high interest credit cards first. Come up with a plan for how much money you can put towards your credit card debt each month. In addition to making the minimum payments on all your cards, throw the rest of your budgeted amount at the card with the highest balance. Then move on to the next highest balance and so on.

For those individuals that have credit card debt, the best return on your money would be to minimize or pay off those credit card balances in order to avoid having to get into a situation where you need to look at bank accounts for bad credit. Generally, credit card debt is the most expensive debt for any household, with some interest rates that exceed 20%. Start with the credit card that charges the most in interest, pay it off first, and set a goal to pay off all credit card debt.

If you’re very good at paying your credit card bills on time, get a card that is affiliated with your favorite airline or hotel. The miles or points you accumulate can save you a bundle in transportation and accommodation costs. Most credit cards offer bonuses for certain purchases as well, so always ask to gain the most points.

Budget, budget, budget – yes, whatever you do, make a budget. The only way to know what is coming in and what is going out is with a budget and a ledger. Whether it’s with pen and paper or a computer program, sit down and get it done. Your finances will thank you for it.

If you are married or in a long term relationship, then you should also consider opening a joint bank account, as it will make managing your finances a whole lot easier.

Take advantage of student or senior discounts wherever you can. Certain stores offer the discounts every day, while others limit them to specific days of the week or one day per month. It does take a little work to find out the details of the discounts, but if you can save on the things you would buy anyway it is worth the effort.

Knowledge is one of the more essential components to understanding where you are and what must be done to establish your goals. Realize that over time, your expenses are bound to go up and plan. Maintaining this understanding, will reduce stress and put you in a better situation, financially.

If you have extra money, put it in an online savings account. These accounts can earn you a lot of interest, which can add up to a lot of money over time. Use an online savings account if you want to make your money work for you to achieve your monetary goals.

If you’re in college then you should go out and find the best student bank account you can, as they normally feature lots of money saving bonuses.

Unless you win a grand prize, you’ll probably always have to worry about money. However, if you develop good personal spending habits, it’ll go from an overwhelming stress to a minor concern. This article has armed you with the information you need to improve your financial situation. All you have to do is use it.

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Saving for Retirement

Retirement Tips And Advice For Stress Free Savings

Saving is difficult, no matter what it is for. It is even harder to save when you won’t get to see the money for another forty years. However, once you do hit retirement, you’ll be thankful for every penny that you saved over the years. Use these tips to get yourself started on the right foot.

Enjoy yourself! One of the great things about retirement is the ability to be able to do whatever you want. Make sure you take advantage of the time and do things that you enjoy. It’s easy to find yourself in a rut where you want to stay at home, but look for things that are fun.

Catch up on all of the credit cards that you have outstanding. This is important as it will reduce the amount of interest that you will pay over time, which you could be putting into a retirement account. Take care of the larger credit cards first and work your way down.

Figure out what is needed for retirement. You won’t be working, so you won’t be making money. On top of that, retirement isn’t cheap. It is estimated that prospective retirees should save between 70% and 90% of their income to live at their current standards after retirement. This is why it’s a good idea to plan ahead of time.

If you take a lot of medications and are living on a fixed income in retirement, consider a mail order drug plan. These plans can help you to get a three to six month supply of maintenance medications for less than the drug store charges. You also get the convenience of home delivery.

If your employer offers a retirement plan, invest in it. Many employers offer a matching plan which increases your savings, so make sure you invest at least up to the matching amount. In addition to saving for retirement, a 401k plan will help lower your income taxes every year.

Diversify your investments over time to set up a retirement portfolio. This is a crucial technique, as it will reduce the amount of risk that you have when you are playing the market. If you are not having success, take some time off to study what you need to do to maximize your earnings.

Be careful when assuming how much Social Security you might get in retirement. The program will survive in some form, but you might see raised retirement ages and reduced benefits for higher earners. If at all possible, plan on saving up your entire retirement on your own, so that any Social Security funds are a bonus.

Leave your retirement savings alone. Taking money out will hurt you in more ways than one. You will lose out on interest, for one thing. In addition, you could have to pay a withdrawal penalty. If you are switching jobs, either leave the money where it is or bring it over to an IRA.

Do you now know what you want from your retirement plan? Do you know how much it will cost you to live comfortably on a fixed income? These are questions should be able to answer after reading the tips provided above. Start saving today and save as much as possible.

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Keeping your finances in order

Guidelines You Need To Work With For Personal Finance Issues

Banking graphicYou could save a lot of money and even make some money, if you knew how to properly manage your personal finances. These tips should help you take control of your expenses,open the right kind of accounts or avoid getting in debt. You will need this knowledge at one point or another.

The stock market is in a dangerous state right now, so don’t take any big investment risks unless you’re willing to lose a lot of money. Any investment might seem like a good idea at first, but there are a lot of factors that affect stock prices and unless you’re an expert, you won’t see them coming.

A higher education can ensure that you get a better position in personal finance. Census data shows that people who have a bachelor’s degree can earn nearly double the money that someone with just a diploma earns. Even though there are costs to go to college, in the end it will pay for itself and more.

Choosing the right schools can affect your personal finance. One of the most cost effective ways to get a prestigious degree or certification is by attending cheaper schools for part of your education, and switch over to a more expensive or better-ranked school for the remainder. Your credits will merge from the previous school and you will still gain the graduation benefits from the new school.

When you need to borrow money, ensure your personal finance stays safe by never going over 30% of your income. When people borrow more than 30% of their income it can drastically reduce your credit score. So as long as you stay within these safe parameters you can enjoy having good credit.

Check out http://www.bankaccounts-for-badcredit.com/ for more information about how to carry out your banking with a bad credit score.

Set up internet banking and online bill payment. Having your accounts and your bills online is a quick and easy way to see what you have paid and what you still need to pay, all in one quick and easy step. It takes very little time to pay and manage your bills when they are all in one safe place. You won’t lose track of things as easily.

Monitor your accounts for signs of identity theft. Purchases you don’t remember making or credit cards showing up that you don’t remember signing up for, could all be signs that someone is using your information. If there is any suspicious activity, make sure to report it to your bank for investigation.

Instead of spending money buying gifts, try making presents instead. You can save hundreds of dollars around the holidays by reducing spending at department stores. Creativity is a powerful source of saving.

To help you to save money, set up an automatic transfer to your savings account every pay period. Making the transfer automatically helps you to get used to the idea of saving. It also prevents frivolous spending before the money can be saved. You won’t miss what you don’t see, so automate your savings process today.

Re-check your tax withholding allowances every year. There are many change of life events that can effect these. Some examples are getting married, getting divorced, or having children. By checking them yearly you will make sure you’re declaring correctly so that too much or too little money is not withheld from your paychecks.

Keep a journal of expenses. Track every dollar you spend. This will help you figure out exactly where your money is going. This way, you can adjust your spending as needed. A journal will make you accountable to yourself for every purchase you make, as well as help you track your spending behavior over time.

A great way to save money, with gas being as expensive as it is, is to cut down on your driving. If you have several errands to run, try to do them altogether in one trip. Connect all the places you need to go to into an efficient route to save mileage, and in effect, save on gas.

If money is tight it might be time to stop driving altogether. The cost of car ownership is extreme. With a car payment, insurance, gas, and maintenance, you can easily spend five hundred a month on your transportation! A perfect alternative to this would be the city bus. A monthly pass usually costs around a dollar a day. That’s over four hundred seventy dollars of savings!

When saving money, most experts agree that it’s best to have at least 3 months’ salary put away for an emergency. This can help you cover all kinds of disasters like car accidents, medical bills, driving tickets, a fire, expensive equipment like a computer or refrigerator needing to be replaced, or any other expensive unfortunate event.

Knowing how to manage your money could really have a huge impact on your life. If you know how to make the right decisions, you could enjoy a better lifestyle and afford anything you want. If you are in a touchy, financial situation, perhaps it is time for you to take things in your own hand and manage your finances.

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Financial best practices

Your Guide To Best Practices In Personal Finance

banks ukIt is strange that, considering the vital nature of the subject, many people lack training in managing their personal finances. Personal finance skills can save money, improve savings and increase one’s effective income.

Fortunately, it is never too late to educate yourself on the subject.

 

 

Here are a few quick personal finance tips that anyone might find useful:

Buying certain items in bulk can save you money over time. Items that you know you will always need, such as toilet paper or toothpaste can be bought in bulk quantities at a reduced prices to save money.

When you need to borrow money, ensure your personal finance stays safe by never going over 30% of your income. When people borrow more than 30% of their income it can drastically reduce your credit score. So as long as you stay within these safe parameters you can enjoy having good credit. If your credit score drops below a certain point, then you will probably need to look at taking out one of the various bank accounts for bad credit that are available.

Monitor your accounts for signs of identity theft. Purchases you don’t remember making or credit cards showing up that you don’t remember signing up for, could all be signs that someone is using your information. If there is any suspicious activity, make sure to report it to your bank for investigation.

You and your children should consider public schools for college over private universities. There are many highly prestigious state schools that will cost you a fraction of what you would pay at a private school. Also consider attending community college for your AA degree for a more affordable education.

Do not buy anything unless you really need it and can afford it. This way you will save your money for essentials and you will not wind up in debt. If you are discerning regarding what you purchase, and use cash to buy only what you need (and at the lowest possible price) you will not have to worry about being in debt.

Electronics are extremely expensive and can set you back a lot of money if you do not get a good deal. Try to do all of your electronics shopping online, as you will find great deals and auctions, which will allow you to choose the price that you want to pay.

If you want to keep your credit score as high as possible, you should have between two and four credit cards in active use. Having at least two cards helps you establish a clear payment history, and if you’ve been paying them off it raises your score. Holding more than four cards at a time, however, makes it look like you’re trying to carry too much debt, and hurts your score.

If you are trying to repair your credit score, be sure to check your credit report for mistakes. You may be suffering from a credit card company’s computer error. If you notice a mistake, be sure to have it corrected as soon as possible by writing to all of the major credit bureaus.

Pay down your most expensive debt first. For many consumers, the best way to earn a return on their money is to cut down credit card debt. Even if you could be lucky enough to earn five percent in a CD, your money is better spent paying off that maxed credit card that charges you 14.99 percent.

Stick to your budget. Make a budget for each item you need to work on, and make sure you stay within it. Borrowing between budgets is okay as long as you are willing to spend less on the other item. Keeping yourself strict will allow you to be confident in your finances, and not overspend on something you would not necessarily need in the future.

Learning to handle money wisely is a great idea for self-improvement. By taking care of finances, a wise person reaps the same benefits that they would by getting a raise. After all, making dollars stretch further is just as effective as making more dollars. Time spent refining personal finance skills is never time wasted.

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Home business advice

Home Business Advice That Will Set You Apart From The Crowd

Running a business from home is a rewarding experience. Not only does it offer profits and financial gain higher than working for someone else but also offers the comfort of your own home. It also has some caveats however. If you are looking to do business from home, then may you get the advice you need from this article.

When preparing tax statements for your home business, don’t put down any deductions that you feel you can’t uphold. If you can’t prove it on paper in your tax file, you certainly won’t be able to prove it with a tax auditor breathing down your neck. If it doesn’t feel right, don’t take it.

Know your product inside and out. You need to be an expert. You can pen articles that include your website address and the email for your business. Consider speaking in public about your product, to any parties that might be interested. Schools can be a good place to speak about some products, but when you become an expert about your product, you will naturally know the best places to speak about it.

Tell your customers on page one of your website, why they should purchase your products or services. Tell them about the benefits and any attractive features; don’t bury that information on subsequent pages. Your customers need to think, first and foremost, that it is smarter to buy from you, instead of your competitors.

Begin putting away some funds now for retirement, even if you just began your home business. Saving for retirement is a habit that is hard to get into if you don’t begin doing it as soon as possible. Even if you feel you could use those extra few dollars for some helpful, but unnecessary, supplies, put them instead into a retirement fund.

Keep your workspace clean and clutter-free. Working from home can be less stressful if your work area is clean and well-organized. Keep only work-related items in your home office. Leaving recipe cards and laundry where you can see them will only remind you of more work!

Get a separate phone line or cell phone for your home office. Weeding out work-related calls from personal calls can be stressful as well as time-consuming. If you have a line just for your business, you can focus on the work at hand and leave the personal business for later!

If you operate a home business, make sure that you have set aside time for family and recreation as well. It is easy to let your home business take over your entire day because your workplace is your home, and there are no physical boundaries. Setting work hours at home, is a good way set boundaries.

Set reasonable goals for your home business. It can be easy to get behind while working in the comfort of your own home. Set reachable goals just like you would at any other job and make sure they get accomplished. Don’t let work back up or your home may start to feel like a prison!

Joining a network of other home business owners can be extremely beneficial to your success. It helps to build a network with other peers. Your peers may not be in the same business but they all have a common desire and drive to run a profitable home business.

An office is a must for a home business. There’s no need for an oversized office; however, the area must be professional, comfortable and used only for work. Make your working area inviting so that you can feel inspired, productive, efficient and calm there. Size should be less of a concern, as space can be optimized.

Do not fall for any hype about get-rich-quick, home-based business kits. A successful home-based business takes time and perseverance to develop. Any promises about instant success or riches are scams. The only people making money would be the scammers who sell you their business kit. So, save your money and ignore these promises.

Instead of deciding on the first business that springs to mind, take the time to explore different options. Explore multiple business ideas! Research trade magazine articles on market demands and trends, or books with ideas for various home-based or small businesses. Information is available at the tip of your fingers, with the unprecedented growth of the Internet. Don’t be afraid to ask advice from those who have achieved a successful home business.

Use a separate phone number for home and business if you are running a business from your home. This helps to ensure that you will not be taking unrelated calls during your business hours. This also aids in maintaining a separate mindset for home and work time, which is essential to keep from feeling as though you are working all the time.

When marketing your home-based business, post fliers at local businesses as a way to get your name out there to the local crowd around town. Many people are eager to support home-based entrepreneurs over a large corporation and you will be well on your way to obtaining a larger customer base.

A great tip for your home business is to be a positive contributor to home business in general by either contributing to forums or participating in local events. It can only help you and your reputation if you do all that you can to assist the larger society that you belong to.

Set up an opt-in newsletter on your home business website so you can keep people interested in the products you sell. Whether it’s a service or a physical item, sending an email once a week to let your customers know of a sale, new product, or where you’ll be showing up next will keep your business on their mind.

Home businesses offer a wealth of advantages as compared to their office alternatives. Don’t be fooled to think that it’s any easier, but at the same time, enjoy the benefits. This article offered some advice for those who currently run or are thinking about running a business from their home.

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