A collection agency is a company that deals with the debts of companies or individuals. Business owners and even individuals turn to collection agencies if they have trouble collecting payments from clients, especially when their accounts receivable are past due. Debt collection is a profitable business: In the United States alone, the debt collection industry …
Tailor-made insurance for coach buildings and contents is still so hard to find!
If you own a garage, you will need a policy that insures the entire property, including all garages, your own garage (freehold), and those that are rented to neighbors. These are typically rented on a 999-year Peppercorn lease. It should include the Legal Liability coverage you need to protect your responsibilities as a free owner …
Fundamentals of mortgage law
A mortgage is an interest in the land created by a contract, not a loan.. Although almost all mortgage agreements contain a promise to pay a debt, a mortgage is not a debt in itself. It can best be characterized as evidence of a debt. More importantly, a mortgage is a transfer of a legal …
Six economic principles of real estate valuation
Real estate valuation is the process of estimating a single price that would realistically be paid for owning a particular property. The residential property valuation method that is most familiar to brokers and agents, of course, is Comparative Market Analysis (or CMA). This property valuation process involves an estimate of the value based on the …
Building successful teams: 5 ways to improve teamwork
One of the most important steps you can take as a leader is to facilitate collaboration within your team. Here are 5 steps you can take to improve team communication, reduce conflict, build trust, improve relationships, and create a more positive work environment. 1. Provide opportunities for teamwork. Poor communication and interaction is one of …
How to save your wedding when you run out of money
Planning a wedding is so much fun that it can be easy to understand. Splurge here, spend a little more there, and before you know it, you’ve committed to a wedding that’s beyond your means. With deposits placed and final payments looming, this can be a very scary situation for the bride or her parents. …
Market saturation and brand building
Is your company’s brand literally saturating your target markets? Is your company literally everywhere and on the lips of your customers, competitors and suppliers? Do competing sales teams compare themselves to you on sales calls? Well, having been a founder of a franchise company, we had saturated our target markets and yes, our competitors always …
Vending Machine Business Record Keeping Basics
Keeping good records of the status of each of your vending machines when servicing them is critical and very easy practice. Even for those who dislike record-keeping a lot and struggle with practice, the process isn’t too strenuous. The benefits, after all, far outweigh the minor drawbacks. After all, by keeping records, you will be …
How to start a business with a shoelace
As a small business developer, I have a lot of potential clients who will say real things: “If I could get a million dollars, I think I could make my business succeed.” Unfortunately, this is as far from the truth as a new business owner can start. Yes, capital is needed to start a business …
Front bandages and the racehorse
You’ve wasted time and energy to hamper a race when you see your choice set foot on the track, whether it’s in person on television. To your horror, or bewilderment, your horse wears bandages on its front legs. Does this mean that you immediately change your choice? Does it mean proceeding with caution? Or does …