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Energy Cost Savings Lead to Environmental Gains

Every existing organization these days will find difficulty making any profit without depending on an energy element for day to day operations. This would have implications for companies needing to find a way to save on energy costs to maximize profit potential.The decision makers in business organizations of today already know that energy security will be very crucial for an organization’s forward planning. As energy and utility costs, to a certain extent, are a “necessary evil,” energy cost savings must be pursued by the company at every opportunity.Unless energy is used, business organizations of today will find a hard time to earn any profit. This total reliance on energy reflects strongly on the balance sheet and corporate utility bills are the subject of much attention, with frugality in mind.Energy cost savings form part of a solution to the problem of corporate sustainability. Any energy management strategy needs to reflect the unpredictability of this entire energy situation. We have seen spikes in the cost of oil and other fossil fuels and know only too well that these sources are finite. Attempts to explore the viability of alternative energy solutions are laudable and progressive, but represent less than one tenth of potential capacity.The cost of energy is outpacing inflation and we have seen the cost of raw power increase over 110% in the last 10 years with an increasing and accelerating trend. Management teams have been charged with the responsibility of implementing energy cost savings, as and where possible. Each and every employee within the enterprise is told that it is his or her responsibility to make sure that wastage is kept to an absolute minimum.Energy liability actually has two defined sides. To begin with, it can involve energy security from the supply chain and its consequent costs, followed by the implementation of energy efficient programs. Both factors reflect the organization’s environmental stewardship, partly due to a wish to become far more efficient from a security and cost perspective, but also from a wish to be seen as environmentally progressive.Established companies have to look at energy from a historical perspective, even as they make plans for significant changes going forward. Starting any plan for the future from scratch could be more effective in realizing efficient energy cost savings. An example can be taken from the construction industry, whereby energy-saving techniques can be used like ‘green building’ and using renewable sources of energy.Historically, it is often rather difficult to replace complete systems within any organization to take advantage of energy cost-saving programs. In these cases, retrofitting is a much more palatable option. In any case, the “status quo” is not acceptable and organizations may not simply turn their back on a problem as an increasingly agitated public requires us all to address the issue of sustainability quickly.For organizations looking to capture energy cost savings at point of use, smart devices are available to help explore energy metering in real-time. Such smart devices can be configured to be able to allocate energy based on ‘best practices’ on energy use and digitization of utility bills to allow a more precise energy accounting.

A Peer To Peer Loan Can Fund Your New Small Business

If you’re trying to start your own small business, you likely already know that it’s nearly impossible to be approved for a bank loan to secure the funds you need. With increased regulations and stricter lending standards placed on banks after the 2008 financial crisis, they simply aren’t handing out loans to aspiring small business owners like they once were. Thankfully, other avenues have opened up for determined entrepreneurs ready to fire their boss and secure their financial futures.In fact, last month, Prosper and Lending Club, the two largest peer-to-peer lending sites, were responsible for more than $280 million in loan originations. The rise of peer-to-peer, or P2P, lending has been well-documented, and it’s estimated that the burgeoning industry has generated more than $3.4 billion in loans since being launched in 2006.While the majority of the loans issued by these sites are used for debt consolidation, Lending Club, Prosper, and other peer-to-peer lending networks also provide credit for small businesses, offering them an additional borrowing option that didn’t exist a decade ago. By matching entrepreneurs and ordinary individuals with investors, peer-to-peer lending networks are able to take banks and middlemen out of the equation, providing low, fixed-rate loans to people to be used however they want.Thus, if you’re seeking capital to start a small business, peer-to-peer lending has become a premier funding solution.Who Qualifies for a Peer-to-Peer Loan?The majority of peer-to-peer lending networks don’t provide business loans. However, if an entrepreneur or a potential start-up needs a loan to pursue a business idea, they can borrow as an individual. Instead of the loan being issued to a business entity, it is issued to an individual, and he or she can use the funds however they want. The loan will simply be categorized as personal debt.While this is true for most peer-to-peer lenders, peer-to-peer lending networks specializing in funding small businesses in need of $35,000 or more now exist as well. Therefore, budding small business owners can turn to peer-to-peer lenders for any of their financial needs.Understanding Peer-to-Peer LendingPeer-to-peer lending is similar to eBay. You simply set up an account at one of the peer-to-peer lending networks, such as Lending Club, read the site’s borrowing guidelines, and review the types of loans they fund. Although Lending Club and Prosper don’t officially provide business loans, they do fund entrepreneurs looking to start a small business.After registering an account, you simply enter in the loan amount you’re looking for and the maximum interest rate you are willing to pay. Once your listing is created, investors will begin sending you bids stating the amount they’re willing to lend you and the interest rate they would like to charge. As with any type of lending or financing, the higher your credit score, the better.It’s also important to note that you need a credit score of 640 or above to receive funding from most peer-to-peer lenders. If you have a good credit score and history, you may receive a lower interest rate than you expect, because unlike traditional lenders, peer-to-peer lenders provide loans starting at only 6.78 percent.Best of all, the monthly payments and interest rate are fixed, and the interest rate is amortized as well. There is also no prepayment charge, so you can pay off your unsecured small business loan as soon as you want without penalty.As mentioned earlier, since you may need more than the $35,000 maximum loan amount offered by most peer-to-peer lending networks, some peer-to-peer lenders, such as Dealstruck, are now specializing in providing larger loans of $100,000 or more to the small business market. Typically, sites like these offer two to five-year loan terms with low interest rates starting at only five percent.The Cost to Peer-to-Peer BorrowersBusinesses often find that borrowing from a peer-to-peer lender is much cheaper than borrowing from a bank, because there is no middleman involved. In addition to having more overhead, banks are still struggling to recover the money they lost during the financial crisis.This added financial stress trickles down to borrowers in the form of higher interest rates, if they are able to get a loan at all. Since peer-to-peer lenders compete with one another to provide you with the loan you need to start your business, you’re able to benefit from the lowest interest rate possible.From Dream to Reality: Rob’s StoryTwo short years ago, Rob Strong dreamed of opening his own landscaping business. Although he pinched pennies and saved for years, he still found himself in need of additional funding to purchase the equipment necessary to finally launch his dream of being his own boss.Sick and tired of fattening someone else’s pocket each day, one day Rob decided enough was enough. Unfortunately, he still needed $10,000 to buy all of the necessary equipment, so he went to his bank with the business plan; he spent hours upon hours completing in order to get a small business loan for the money he needed. Despite banking there for years, the banker denied his application because his credit score was only five points below the threshold.”What am I going to do now?” he asked himself. Luckily for Rob, he was browsing online two days later and ran across a major peer-to-lender. “It’s worth a shot,” he thought. After spending five minutes filling out the application and setting up his profile, he turned his computer off and waited. Two days later, Rob signed in and was shocked to see that 50 investors had provided him with bids. The next day, he received the full amount he needed.Two years later, Rob’s landscaping business is in full swing. He now has 20 employees and earns six figures a year while “working” 20 hours a week.There are thousands of people who share Rob’s story. Thanks to peer-to-peer lending, people across the country have been able to achieve their dreams of becoming small business owners. With the peer-to-peer lending industry growing each day, thousands more are sure to become small business success stories as well.

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The #1 Reason Your Best Business Financing Choice Could Be Asset Based Lending

There is one overriding reason why asset based lending could be your best choice for business financing in Canada. What is that reason? Simply that it works when other types of financing are not available or don’t fit your current financial status.The reality is that asset based lending works for all firms in all types of industries, and is not dependent on your overall financial performance that might be the focus of a more traditional based financing. That’s a powerful statement, so let’s examine what the financing is, how it works, and answer some key questions that might help business owners and financial managers determine if this financing is the solution to many, or all of their financing challenges.So let’s back step a bit. What is asset based financing. Focus on one key word in that phrase – assets! This method of financing simply allows you to monetize and draw on the market value of the assets of your firm. Those assets are in very predictable categories, they are receivables, inventory, equipment and real estate. If you have one or all of those your firm is a prime candidate!In some cases this method of financing is confused with factoring. Factoring is the sale of one of those asset categories – your receivables. An asset based line of credit lends against receivables, but also includes, inventory, equipment, etc. That is the difference!The prime difference in qualifying for such a facility is really the difference that exists when you compare this type of financing to a Canadian chartered banking relationship. That banking relationship comes with a number of requirements that are often not needed when an asset based line of credit is in fact your real and best solution. Some of those traditional requirements might be profitability, years in business, the type of industry you are in, guarantees of shareholders and owners, etc. Those qualifications are not the focus of asset based lending. However the assets are.On a day to day basis how does this type of business financing work. It’s quite simply. You and your asset based lender determine on a regular basis, i.e. weekly, monthly, etc what your asset categories total – a borrowing based is then developed on those categories and funds are depositing into your bank account for use as working capital by your firm. In Canada a 250k facility is more or less the bottom level of this type of financing, and facilities can be arranged into the many millions of dollars.So if you want an easy way to remember the difference between this type of financing and a bank revolving line of credit simply remember that the bank focuses on overall financial strength and cash flow, our facility focuses on assets!Because your assets are being financing as the primary focus of this type of facility you will have to report on those assets probably on a much more regular basis, so your firm should be in a position to prepare regular reports on receivables, inventory turnover, etc. When fixed assets are being financing, i.e. unencumbered equipment you own, etc then in many cases an initial appraisal will be required. This small dollar investment though can generate thousands or hundreds of thousands of dollars in working capital.For “asset rich” companies, an asset-based loan may make more funds available because it is not based strictly on the anticipated levels of cash flow. Additionally, the structure often requires fewer covenants, providing more flexibility for many borrowers.So why is this then in many ways the best method of financing your business? Does it actually add cash to your firm? That is where some confusion comes in, but simply think of it as no adding new cash per se to your firm, it simply accelerates or quickens the cash flow that is traveling through your business. By financing your receivables and inventories to the maximum possible you turn over new sales and generate increased profits, and that’s what business financing is all about.You may not even have heard of asset based lines of credit, perhaps you have but didn’t understand how it works or how it compares with other types of business financing. Investigate how this facility can become potentially your best choice in the overall financing of your business. Speak to a trusted, credible and experienced advisor who can work you through the Canadian landscape of asset based lines of credit.

India’s Art and Architecture

India is destination of people world over for its varied cultural heritage with special interests in its art, architecture and entertainment.From the caves of Kujraho to the magnificent Taj, the Indian architecture has always been eyed and greatly appreciated. Indian art has been depicted in such profound architecture. The symmetry in the architecture at the Taj Mahal or the appreciation of the recently built Akshardham Temple has attracted the attention of all across the world.Today, the visitors are not only concentrated to the long ago built structures. Indian art is also depicted in the modernization of the society. It can also be called as adopting the westernization for the good! The buildings of enterprises, malls, shopping centers, metro rail also attract a lot of tourist attention.As the years pass, India’s outlook to the art has changed. There are shows of Indian performers outside India as well. Indian singers, classical and folk performers and painters are a great demand of the west.Indian cultural dresses are also hitting the foreign markets. Gone are the times when Indian traditionals were restricted to Indian market places!Foreign designers are adopting Indian styles into their designer wear. Indian designers have also formed a niche for themselves into the international fashion market. Indian designers also showcase their talent in the international fashion week and such programs of great acclaim. India has already made a mark in the world business but still has a long way to go!!Apart from a varied variety of things India is famous for, entertainment and precisely bollywood, has gathered a lot of international acclaim lately. Movie stars are being invited into Hollywood movies, international game shows, international award ceremonies etc.Indian movies, now-a-days have different screenings for the countrymen and abroad. With the trend of cross over movies bollywood has gained more recognition because such movies are not only made in English, for a wider audience but also cater to intellectually strong subjects. This doesn’t mean that the essence of Indian movies has lost to such artful movies. Indian movies are liked for their storylines and songs. Indian movies are also being short listed for the Oscars, which are the most prestigious international awards.Not only bollywood movies, but also regional movies have come of age. Recently there is a buzz that Spiderman- the movie would be made in Bhojpuri.This infers to a handshake of India and the world. Not only is the world accepting Indian movies with open arms, but Indians too are ready to accept the international movies with their format of lesser duration and no songs as compared to typical Indian movies.

Real estate investment strategies for cash flow