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Tag: business

3 Things You Need to Know About Safety Initiatives in Factory Settings

Remaining safe in a factory environment can be a challenging experience for everyone involved. From the employee who works at the front of the facility handing out supplies, to employees removing items off the belt that is moving, there are so many different things that can happen in the course of a day’s activities.

Therefore, the job of keeping safe is not the responsibility of the safety specialists only, but also a job that is meant for everyone to be involved. Hence, when management is concerned about what they can do to make sure the entire organization in a factory environment remains safe, one of the best ways to address their concerns is to use the team concept along with winning company safety awards. These safety awards can be won by submitting ideas that will protect anyone who works in the factory.

Having said that, here are some things that the heads of these factory facilities can do to promote these initiatives.

1. Collective Actions — Shows as Benefits

Each employee is always responsible for their safety. Whether they are driving a vehicle around the factory or moving boxes from one place to another, each worker has a certain responsibility that they need to be aware of. However, even though each individual can make a difference in cutting down accidents and injuries, a collective team effort can also have an awesome effect on making sure everyone is safe. As a team, innovative ideas in a factory can be implemented to identify places that would not otherwise be addressed. You can reward those teams that are showing excellence in safety education for the factory. For instance, as a part of the crystal awards winning team, workers can ensure safety risks are addressed and taken care of expeditiously without delays.

2. Give the Team a Challenge in Presenting Up-to-date Information in a New Manner

When newbies come into a factory setting, the human resources area normally introduces them to the safe practices that they will need to adhere to. For instance, the very basics of being ready for work in a safe way is to wear the proper attire, shoes, and headgear. The safety of the person will often depend on what they may wear on their feet if there are places in the factory that can cause an injury to the legs and feet. When this is the case, the person will need to wear steel toe shoes for their protection.

Hence, when the initial training is done, the HR reps will not only tell everyone what they should wear but also why it is so critical to the safety of that person and others. Keeping this in mind, the presentation of this information can be presented in a creative way to capture and keep the attention of the newbies so that they will always remember. For instance, some organizations may add engagement as one of the best ways to re-enforce what everyone learns by creating an active team environment of participation for everyone to get involved with safe ways to lift heavyweight items.

3. Sponsor Contest for Safety Themes for the Organization

In addition to updating employees when they first enter the doors of the factory, it is important that people in this environment stay alert at all times. Staying alert is not always as simple as some people think, particularly as people begin to do the same activities over and over again without thinking. However, to avoid this complacency in the workplace, you can get the employees involved with ideas that will make them think. For instance, whenever a company would like to get the workers involved with their safety campaigns, they may choose to encourage employees to participate in safety contests. These safety contests are not only great for generating high interest in these areas but can also lead to awards.

For instance, if a specific team identifies a practice that everyone is doing that’s not really safe, they may not only report what the incidents are that they see but also offer a solution or remedy to eliminate it completely. Whatever the case, this is a great Kodak moment and an excellent way to award these teams for helping to eliminate and keep down workplace injuries and accidents. In fact, based on which team does the best in eliminating these problems, they may also be eligible for several types of safety awards.

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Most Successful Businesses That You Can Set up in Singapore

Singapore is a land full of opportunities in business. It has repeatedly been voted to be one of the best places for business in the Asian region and one of the best globally. Investors come from all corners of the world with the aim of enjoying what Singapore has to offer to entrepreneurs.

If you are planning to start either a small startup or a big company in Singapore, there are many options that you have. Although almost every business stands a chance to succeed here, there are those that are doing better than others. Below is a list of the most successful businesses that you can start.

Hospitality Businesses

Singapore is a both a business hub and a tourist attraction center. Therefore, the number of visitors the country receives in a year is high. All these people need a place to sleep, eat and have their laundry done. Therefore, you can start a hospitality business like a hotel or restaurant and do very well. Some of the best hospitality companies in the world have set up successful businesses here. The ideal areas to target include the beach areas, CBD and malls.

Telecommunication and IT Businesses

As a developed country, telecommunication service providers with excellent coverage and services are in high demand. Whether you start an internet solutions company or mobile phone service provider, you are likely to succeed. It is a major project that requires a good infrastructure, labor and networking. Singapore has more room to accommodate such investors either from within or outside. Another approach is to merge with local businesses that are already offering telecommunications services and add value to them through your services.

Fashion Businesses

Singapore is flooded with numerous fashion shops that are already very successful. It is easy to join this sector especially if you take advantage of technology and digital marketing. The two options for operating a fashion store include an online store or setting up a brick and mortar shop in one of the busy hubs like shopping malls. If you are a foreigner, it is easy to obtain an EntrePass through experts from singapore-visa.net because they are the best.

Biotechnology Businesses

The government of Singapore has put a lot of effort into making the biotechnology sector a success in Singapore. In fact, the ever-growing sector has attracted quite a number of foreign investors. The locals are also doing well. The main reason is that Singapore has skilled labor and the right infrastructure to operate this type of business. It is now one of the biggest exporters of medicine in the Asian region. Why not join this trend as soon as possible?

Education Businesses

Singapore has a high literacy rate. The government has made going to school a mandatory process for all people. The private schools, which many believe offer an even better education than the public schools, have been on the rise in the country. If you have the resources, you are likely to succeed in operating a school in Singapore.

If you are an investor, Singapore is one of the best places you can consider exploring. With the above business ideas, you are likely to succeed.

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Top 8 Financial Trends to Watch Out for in 2019

In a last few years, we have seen digital-based services booming in online banking and financial industry. The technology trends in 2018, such as instant payments through mobile wallets, social networking with customers, plastic money, apps for investment tools, have taken a leap to bring many more such innovations for 2019. Below we have listed the latest financial trends that can take the 2019 year by a storm.

1. Micro-Financing and Peer-to-Peer Loans

There are several private finance companies that have opened up unique ways of funding the financial needs of people in 2019. Micro-finance or small amount funding is usually not done by traditional banks. Thus, micro-financing companies are one of the ideal choices for people who need quick money for a short-term.

Also, peer-to-peer loans are becoming easily available. The P2P platforms allow borrowers and fund-providers to communicate amongst each other on their websites to borrow and lend money, removing the strict regulations, process, and eligibility criteria posed by banks and NBFCs.

2. Business Credit Ratio

There is a growing hunger among the mass to become entrepreneurs. The government has also taken proactive steps to fund start-ups to its best with lucrative loan offers. Thus, more banks and NBFCs are leveraging the unsecured business loan product. The interest rates earlier were higher, and now they start at 12% only. Government and private funding to existing and new businesses are also encouraging young entrepreneurs to try their hand at self-business, more confidently in 2019.

3. Rise of Fintech Firms

Customers are not only preferring mobile banking, but finding new ways to access financial products under a single platform. FinTech firms are the ones that offer people such freedom. They give customers opportunity to refinance loans, borrow money from banks for the first-time, and access top NBFCs and banks for funds, crowdsource, and a lot more.

4. Increase in Investments in Fixed Assets

With global market volatility, young and amateur investors are looking towards investments in fixed assets such as insurance policies, real estate properties, gold, fixed deposits, PPFs, and similar products. However, this has also given rise to need of wealth managers and investment advisors who can help people select the right investment tool and grow their investment portfolio. As the global and national economy stabilizes, people shall take on to risk-taking investment options as well.

5. Growth of Blockchain Technology

Blockchain is the technology leading to digital currencies such as Bitcoin. It is an open distributed ledger and efficiently keeps a record of transactions between two parties, which can be verified. The tech community is now finding ways to optimize blockchain technology, as it is one of the most secure and safe for trading anything from ideas, royalty fees, money, and a lot more. It does away with middlemen, who were earlier required to ease these transactions, which can now be completed virtually.

6. Hiring of Financial Experts

While customer support team in financial companies earlier were crowded with professionals with educational background in non-finance field, things have become stricter today. Now, only those with relevant experience in company-focussed financial product/service are selected for the job. They go through intensive training and are expected to make as minimum errors as possible, as customers demand for a more accountable customer service, making financial firms to tighten the shoelaces.

7. Travel Finance

Group-travel to destinations is not a thing of the present, but an activity which people engage in from years together. However, travel finance has never been as accessible as today. In 2019, we can expect airlines, banks, credit companies, and private sponsors to fund trips of diplomats, and people who wish to travel the world for educational purposes. There has been an increase in research-purpose travels and banks easily fund travellers for a trip, if they have sufficient repayment capacities.

8. Chatbots and Digital Assistants

Chatbots can reply and engage in conversations with people in natural language, which combines the understanding of a company’s service/product, and input of data set. These can aggregate requests that are location-specific, synchronize phone conversations, improvise on customer support experiences, take specific requests, spot repetitive problems, and a lot more.

These are the future of technology in 2019 and have already replaced customer support processes. Now, one can type to and talk with chatbox to resolve basic issues, access a service, etc. These are also used to create personalized content, which required human interference earlier.

The above-given financial trends are the latest for 2019. As we step into the year month-by-month, more such trends will lay foundation to what we can expect in the finance industry a year thereafter.

Author Bio: Satchit Hasabnis is a Chartered Financial Analyst who has more than 10 years of experience in the finance industry. He co-founded, Loanbaba.com, which provides quick and easy loans like Personal loans, Education Loan, Business Loans, and Gold Loans etc to people of different economic backgrounds.

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2018 Supply Chain Management Trends

Introduction

Technology often affects supply chain management structures. One development in the past 10-20 years shaping the way supply chains operate is the increased use of Internet shopping. Will wholesalers and retailers keep up with SCM Changes?

Overview of Supply Chain Management

A supply chain is the path that goods or services travel, which is a journey that supply chain management oversees. For tangible goods, this process usually begins in a factory where items are built and ends with those pieces in customers’ hands. Service SCM often starts at a place of business where customers will have access to help they need, and these customers also might use online or telephone communication to make service requests. Some businesses choose to have an internal team handle SCM, while others hire outside experts.

Latest Trends in SCM

Because of the increase of online shopping, companies now strive to make delivery times as short as possible for as inexpensive as they can. This initiative involves the use of visualized data for tracking orders and shipments. To shorten delivery times, some businesses also have planted factories and warehouses closer to where customers live.

Along with data visualization and localized manufacturing facilities, current SCM practices seem to demand the use of the Perfect Order Index indicator. A company with the best POI is the one who ideally ships all orders on time with no damage or loss occurrences — or at least does ship perfect orders nearly 100 percent of the time.

Artificial intelligence technology including the use of drones, which also can speed up delivery, is another new SCM trend. Automation of purchases and orders works in conjunction with this recent SCM development. In some cases, this includes automated transaction procurement at both the business-to-business and business-to-consumer levels. It may also include automated invoicing along with immediate delivery of payment receipts.

Current SCM trends might seem impersonal to some shoppers. One challenge that both wholesalers and retailers face right now is providing the one-on-one customer service experience many consumers still crave. B2B clients also might still demand VIP, face-to-face service.

Conclusion

Offering the best of both worlds, which includes the efficiency that technology can provide combined with a physical presence near delivery destinations, could bring back the hometown feeling many people remember and miss from their younger days. For instance, local grocery stores delivered milk straight from a nearby farm to homes at least once a week. This took place at least until the early 1980s and is in a way happening again with online ordering being the major difference.

Combining digital order fulfillment technology along with the “mom and pop” feel of local pickup that some customers prefer could put a company ahead of their competitors.

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How an MSME Loan Will Help You Grow Your Small Business

How an MSME Loan Will Help You Grow Your Small Business
Mr. Murari Lal Bansal, a resident of Chandni Chowk, Delhi was an owner of an MSME enterprise. His business was going good for the last 2 years. As his business flourished with time, so the need to expand it and bulk orders from clients also increased.

For leasing out a big space to expand his business operations and to receive bulk orders from clients, he needed a big amount of money of around Rs.20 lakh. Since he had no other sources of money, he thought it would be good to sell his ancestral home, liquidate it and use the funds in the business.

On the other hand, he was also aware that liquidating his ancestral home was not a good idea in the long-run. That’s when one of this friends advised him to avail an MSME loan from a leading lender of up to Rs.30 at lower rate and longer tenor.

If you are an MSME business owner and needing to expand his/her business and for that, if you are thinking to liquidate any of your assets, MSME finance is a good idea.

What is MSME loan?

If you have Micro, Small, and Medium Enterprises (MSMEs), you may avail an MSME loan from any of the leading online lenders and borrow up to Rs.30 lakh.

These loans are popular amongst small business owners as they are available at lower rates and extended tenor so that you can repay smaller EMIs.

Why an MSME loan is a good idea to give wings to your business?

1) Finance up to Rs.30 lakh

When you can avail up to Rs.30 lakh for your business needs, you can easily focus on your business and take it in the right direction.

2) Flexi loan feature

When you avail an MSME loan from a leading lender, you also get the flexi loan facility in which you can easily borrow an amount as per your needs from the total limit. You can enjoy the benefit of paying just the interest as EMI on the used amount and nothing more. The rest of the money is adjusted at the end of the loan tenor.

3) Faster processing

Since the MSME loan is a collateral free loan facility, you can enjoy a faster processing of the loan which means your loan application is processed within 24 hours. As a result, when your loan is processed fast, you also get the money disbursement quick.

4) Wider tenor to suit your needs

You can focus on your MSME business and not bother about the loan repayment as you can seize a wider tenor ranging from 1 year and 5 years. Hence, you can pay smaller EMIs over a longer tenor and focus on your business and not the repayment.

5) Online account management 

Availing an MSME loan from a reputed lender can let you access the loan information right via the digital customer portal. It lets you track the progress of your loan right from anywhere and 24/7.
MSME loan eligibility

For availing the MSME loan, you will need to fulfil some standard MSME loan eligibility of the lenders such as:

* Applicant should be under 25-55 years

* Your MSME business should have a history of 3 years and more

* You should have filed the Income Tax Return (ITR) on behalf of your business during the last 1 year

The Bottom Line

Don’t think to liquidate your assets or take credit from your relatives when you have an MSME loan to help you cover your entire small business needs. You can apply for the MSME loan online and get started.

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What Happens When You Withdraw From Your FD Prematurely

A good investment strategy includes a healthy mix of risky and safe investment tools. Among the safe tools, Fixed Deposits (FDs) are most popular among Indians. With an FD, you invest a lump sum and that money grows through a predetermined rate of interest over time. Keeping your FDs secure and untouched boosts your savings steadily.

Withdrawing an FD prematurely

While allowing an FD to mature gracefully over time would be the ideal situation, sometimes an unforeseen emergency might push you to premature closure of fd . This could result in a few pros and cons that you should know about.

Pros

Though there are penalties on interest for premature withdrawal of your FD, you get the complete amount you deposited. This money helps you handle the emergency at hand.

Cons

A premature withdrawal of your FD affects the interest rate for the time the FD was held. You will now get a lower interest rate. The bank or financial institution is likely to deduct 0.5% to 1% from your interest rate as penalty charges.

For instance, Kunal invested Rs 1 lakh in an FD for a year at 9% interest rate p.a. However, the interest rate for 7 months was 6%. Due to his mother’s health issues, he had to break his FD at 7 months and 3 days. If he had continued his FD, he would have got Rs 9000 as interest at the end of the year. But, since he withdrew prematurely, his interest rate not only dropped to 6% but he had to also suffer an additional penalty of 1%. Now, he stands at receiving only Rs 2500 as interest at the rate of 5%.

Instead of enduring such loss of money due to premature withdrawal of FD, he could’ve chosen to take a loan against the FD to tackle the emergency.

However, this too comes with its own pros and cons.

Pros

* You get the option to repay the loan with interest with the F

D’s money at maturity. Although, there might be some lenders that insist on the interest being paid regularly, while the principal amount can be settled post-maturity.
* Since it is a secured loan against the FD, there is minimal paperwork.
* You could get the loan sanctioned within a day.

Cons

* The loan tenor cannot be more than the tenor of your FD.
* You don’t get to choose the tenor or the loan’s rate of interest.
* Until you repay the loan, you can’t close your FD.
* If you are unable to repay the loan, the lender will settle it by closing the FD and claiming the amount from it.

Conclusion

When you are faced with an emergency, choose wisely between breaking your fixed deposit and taking a loan against it. Ideally, the loan is a better way to go as it gets you money without affecting your FD or its interest rate. If you’re still confused, there are fixed deposit premature withdrawal penalty calculators available to help know your loss and decide accordingly. The another option is that you can also choose short term fixed deposit which lessen the chances of withdrawing FD before maturity.

To know more about how a premature withdrawal of your FD can affect the interest you earn, click here.

If you ever need a loan for an emergency, you could also take one from different lenders. You can also continue with Bajaj Finserv as they offers a host of financial products to help you make all your money-oriented decisions. They offer pre-approved loans, should you ever need it. All you have to do is share a few details and check out your pre-approved offer.

Summary

Breaking an FD can have adverse effects on your interest and brings with it some losses too. Unless you really need the money, think hard before you make your choice. There are loans against FDs also available which are a much-preferred alternative to breaking FDs. You can use a fixed deposit premature withdrawal penalty calculator to help you make your decision.

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Tampa Personal Injury Attorneys: Simplify Your Legal Needs

You know, If you have been hurt, you may be entitled to compensation for your pain and suffering. A dedicated firm at tampa personal injury attorney, PC believes that you should not have to spend your time and energy fighting for what you deserve when you could be spending your time resting and recuperating. When you need the support of an experienced and knowledgeable accident attorney in Tampa, Fla. you can rely on a tampa personal injury attorney to help you cover your bases for the following legal situations:

The Personal Accident Lawyer You Can Count On

You can, invest in your own future by choosing the personal accident lawyer who will fight for your rights. And he don’t treat his clients like case numbers, because he cares – and also because he knows that approach won’t deliver the results you deserve. I am ready to dig into the specific details of your particular case, and take care to prepare the kind of representation that will most likely affect the best possible outcome.

And when a person is involved in an accident, it is not unusual for financial disruption to occur. Not only is the injured person unable to work, but at the same time may have an increase in financial obligations. If it is fairly obvious that you will be unable to meet your financial obligations, you should immediately notify your various creditors before you become greatly in arrears on your required payments and ask them to suspend your payments until such time as you have returned to work.

Usually creditors will understand if they’re told what to expect in advance, and will make reasonable arrangements for payments to be delayed. If necessary, your attorney can contact your creditors for the purpose of verifying the accident and, if requested, agree to protect your creditor’s claim out of the proceeds of any settlement. When checking with your creditors, you should check to see if you have Credit Disability Insurance which makes your loan payments while you are disabled.

Learning the Basics: Personal Injury Law

Personal injury law (also known as tort law) allows an injured person to go to civil court and get a legal remedy (damages) for all losses stemming from an accident or other incident. The purpose of the personal injury system is to allow the injured person to be compensated financially or “made whole” after he or she has suffered harm due to someone else’s carelessness or intentional conduct. In this article, we’ll cover the basics of personal injury law.

We all know that most personal injury cases are based on the doctrine of negligence. In essence, negligence requires every member of society to act responsibly and avoid putting others at risk. That is not to say that negligence will result each time someone gets hurt. Because, the doctrine recognizes that some accidents are unavoidable. To establish liability, the plaintiff must show that a reasonably prudent person in the defendant’s position would have acted differently under the circumstances.

What is Personal Injury Law?

Personal injury law refers to the legal remedies and defenses involved in civil lawsuits brought as a result of wrongful conduct. In fact, the word “tort” comes from a Latin term meaning twist, wrong, or harm. In contrast to criminal law, a tort action does not involve the government prosecuting the wrongdoer. Rather, these cases involve a private plaintiff seeking compensation (usually money) for the harm caused by the defendant’s actions.

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Take the Transport Logistic Supports and Stay Ahead in Supply

Are you worried about managing your company’s transportation and logistical systems? With the markets expanding in a rapid manner, transporting and managing the logistics of your product has become challenging and more and more transporters are providing logistical support to their clients.

The transport companies are engaging experts in the transportation of the materials and managing the logistics so that the best services can be provided. Transport logistics has become a part of transporters’ services as they are also facing competitions in their field and trying to give additional services that work as a unique selling proposition.

Advantages of Taking Such Services

There are many advantages of taking transport logistics services, and the major one is cost reduction. They provide solutions for the effective transportation of heavy materials at a lower price. However, these types of services are not only restricted to the transportation of heavy goods but also help manage stocks.

* Transport logistics allows the company for handling multiple tasks in a smooth and planned manner. Starting from packaging goods to their movement, all are covered under this service giving a relief to the manufacturer of arranging the same and implementing effectively in a cost-efficient manner. The outsourced organization bears the hassles and reduces the headaches of the management company at the same time. The transport companies have extended the domain of their services as more and more organizations are outsourcing the logistic services along with transportation.

* If the cargo is shipped, there are many formalities and paper works along with the packaging rules and regulations. It is not always possible for the consignee to know all the details and work accordingly. Transport logistics service provider plays a vital role for this type of shipments and does all the needful on behalf of the company charging a minimum fee. They are aware of the transportation as well as packaging rules and do the needful in accordance to the standard operating procedure.

* Different types of Transport logistics services are needed depending upon the cargo. Perishable item needs a certain packaging, and that may also require freezing while transporting with top priority, the glass items that need to be handled with more care or the edible or consumer durable items that need proper warehousing and timely movement of stocks. All these are done with great efficiency if this type of service provider exactly does transport and logistics management work in a synchronized manner.

* It is really advantageous to take all these services from one place in order to cut down the costs, and Transport logistics are playing a pivotal role in the timely movement of cargoes in a proper manner. They help the industry to gain customer confidence as the goods are delivered in time without damage. This enables the company to have a loyal and satisfied customer base.

With escalating living standards of people and development of technology and changes of rules and regulations in shipping starting from a small cargo to huge goods, time is one of the significant factors to have a hold on the market and edge past to competitors to be the market leader and earn rich dividends. As more and more companies are emerging to provide Transport logistics solutions, the services are getting better day by day. The service providers are also benefitted as their revenues are also increased, and they do not only depend on transportation for earnings as they have expanded the domain. So, stay ahead in your supply as the service providers are dedicated and will provide the best transport solutions for you.

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How to Secure Impressive First Impressions with Serviced Offices

Fair or not, where you work is just as important as the work. In business, this is also very accurate when looking for office space. However, many business owners find that, while location is a priority, cost determines the exact location of their office.

Move further into the city and your business benefits from the large influx of people who visit for work or play. At the same time, though, rents in the city are more expensive, especially the closer you get to the financial centres, and Kuala Lumpur is no different. Furthermore, if you are a start-up or self-employed, these rents can eat into much of your overhead unless you lease a serviced office. With a serviced office, you can lease an office in the right part of town, but more importantly, convey the right image.

Continue reading below to learn how serviced offices can boost your professional image and help you make that all-important positive first impression.

How It Works

Serviced offices work by providing businesses with affordable office space in some of the best locations around the world. Typically, the serviced office will come furnished with some of the finest office furniture and professional grade office equipment. In addition to the furnishings, serviced offices come with world-class IT services. Check out Servcorp Malaysia at  http://www.servcorp.com.my/en/serviced-offices to see all of the amenities that come standard with some of the better leases.

The greater benefit comes with the price tag. For the price of all of these amenities, the business owner only pays a fraction of what they would if they signed a conventional lease. Throw in utilities, cable, phone, and water and sewage, and leasing a swank place in downtown Kuala Lumpur can get pretty expensive. The serviced office, alternatively, saves professionals a ridiculous amount of money yearly.

Why It Can Boost Your Business’s Professional Image

First and foremost, many of these offices sit on or near some of the more lucrative business districts. As stated previously, these offices can be in some of the more expensive locations. The serviced office provides businesses access to locations they would not typically be able to afford. For the most part, an office that sits in the middle some of the most high profile financial districts boosts your business’s image as well, and a serviced office can provide this.

Another reason the serviced office can help boost your professional image is because of its support staff. These offices are usually on one floor that is shared by other offices. As a part of its staffing, many serviced offices provide a receptionist to field calls, in addition to personnel to keep the building clean and maintained. More importantly, each office is staffed with qualified, trained IT staff that can help with any problems that might interfere with business operations. In a nutshell, staff members can help you present a polished, corporate image to clients and other business interest.

Other amenities that are important to give a professional image include having access to meeting and conference rooms. These rooms are usually fitted out with the latest in IT equipment, which includes video-conferencing, and can be easily set up. For the businesses who constantly meet with clients, these meeting rooms can reflect the professional image you want to convey to the public.

First Impressions Do Matter

First impressions can make the difference in impressing upon clients your expertise and knowledge. The serviced office can help you with impressing clients which is so necessary for creating business opportunities and opening doors. While you might not be able to afford to lease an office in some of the more prestigious locations, your budget can secure you a serviced office in one.

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Business Checks vs Personal Checks: The Untold Advantages of Using Business Checks

Personal checks are usually available at a much cheaper rate compared to manual business checks. This often prompts people to wonder about the differences between the two. Is it worth paying extra buying business checks? Well, the higher cost of business checks is justified by a few extra features that are geared to serve business users. For starters, business checks have larger dimensions and they are thus easier to print on. Apart from its size, business checks also come with more customization options as well as more security features. Without further ado, let’s check out a few advantages of using business checks for making business payments.

More Security:

While individuals rarely write checks, businesses need to issue multiple checks every month. The sheer number checks issued by businesses makes them susceptible to check fraud. Personal checks do come with standard security features such as watermarked text and designs. However, they don’t have as many security features as business checks. Right from holograms to heat sensitive paper, the latest in security technologies are often employed to make business checks more secure. Businesses can also spend extra and buy high security laser business checks. These checks are impossible to counterfeit and thus delivers a level of peace of mind that standard personal checks cannot match.

Fits a Double Window Envelope:

Personal users often write checks and hand them over to recipients. Businesses rarely do that. Most businesses print checks using their accounting software programs and send them via mail. Sending checks through the mail, allows businesses to get a delivery acknowledgement from the recipient. Now, the favored enveloped to send checks via mail is a double window security envelope. Business checks have a size that perfectly aligns with the transparent windows. This is why if you intend to send checks via mail (like most businesses) you need to order business checks.

They Come with Check Stubs:

If you have always used personal checks then there is a good chance you have never heard of check stubs before. They are tiny pieces of paper that are attached to each individual check. The purpose of check stub is to record the information of all the checks issued. Considering businesses need to write hundreds of checks in a calendar year, these stubs are essential for recordkeeping and they help business owners settle payment disputes.

They Are Not That Expensive:

If you are ordering business checks from the bank then you are certainly paying more than you should. If you skip the bank you should face no trouble finding cheap checks online and supermarkets. Now, because businesses typically order checks in bulk, the per-check cost can actually be lower than personal checks ordered from the bank.

Customization Options That Matter:

Business checks come with personalization options that personal checks typically do not. For example, you can order business checks with extra a memo line and a space for two signatures. Business checks also have room for business contact information and a company logo. This allows businesses to boost brand visibility.

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