There are several small business organizations and small business owners who have never come across the term high risk merchant account. And one thing is that they (small business) cannot identify their business as high risk until they find it out by some source or as the case may be. From the point of view of the merchant providers, it is more often a sign that there is a greater risk in your business for chargebacks. And another factor in high risk merchant account is that it has got nothing to do with how you work or how your business is performing. 

High Risk Factors

Now, there are many reasons as to why some of the businesses are defined as high risk merchant account. Now, if you understand this then it will further help you to understand how the merchant services work, and through this, you can identify one of the best payment processing team to work with your business. There are some factors which can simply make your business a target for high risk and some such factors are as follows – 

Work from home, now in this the location of your work really matters a lot. A home-based business is at more risk plans for the payment processors. And for this purpose, if you do business out of the country then this can put you as a high risk merchant account. So, you should keep in mind while doing any kind of such transactions, etc. Then another important thing is the duration of time in which you have been in business. Then, your past with other merchant accounts also matters. All you should do is keep your records and be genuine when you are into shopping for a novice merchant partnership. Then comes, the rate of chargebacks, much cannot be said about this topic, but is advisable that you avoid the chargebacks as much as possible. 

Create Policies

Also, one of the most important things while using high risk credit card processors is that you have to create strategies to solve various kinds of customer problems, plus, offer refunds, and also communicate very well with your customers to avert them. It is also possible that you are working in the area which is one of the identified high-risk trades. From the point of view of payment processing partnership, some trades are riskier than others. Also, you have to improve your credit, so that you become more satisfactory risks for business associates to accept. 

Impact on Your Business

For example, if you are selected as a high risk merchant account, it would mean that your account will have to go through, extra inspection, so that you can get the merchant services. It can also happen that limitations can put upon your number of transactions per month, also are required to have a certain amount of cash reserve. And in many cases, it can happen that you will have to pay higher charges or processing rates, so that you can get varieties of merchant services due to the high risk position. And it may happen that some providers would deny working with you. 

Regardless of the type of business you own and the industry you are in, fire safety must always, always be your main concern. The importance of keeping your staff, customers and clients protected from such a dangerous element has only increased over the years, and you have a duty to ensure your workplace has the appropriate measures in place.

Achieving fire safety in your working environment largely comes down to common sense, and not just from the business owner. Yes, the responsibility starts with you, but your entire workforce should have the knowledge and tools to help prevent a fire. In the UK, there are approximately 16,000 non-residential fires reported each year, and a large proportion of these are found to take place at work.

It is fundamental that information about fire safety and the actions to take in the event of a fire are always easily accessible to everyone at your business. By ensuring you have the correct strategies in place, you can easily minimise the risk of a fire emergency.

Main causes of fire in the workplace

In the common workplace, there are 5 main fire hazards that must be noted and addressed. These include:

Electrical equipment – As we see a continuous rise in the use of technology, more opportunities for fire come alongside. Faulty equipment, overloaded sockets and broken wires and account for approximately 25% of fires in non-domestic buildings.

Cooking appliances – This danger is not reserved only for businesses that are restaurants and cafes! If your workforce regularly uses a microwave in the staffroom, it’s important to note that any food that has splattered can continue to cook, causing sparks inside your microwave.

Smoking – Although the 2007 legislation made it illegal to smoke in all public enclosed or substantially enclosed area and workplaces, smoking is another common cause of fire in the workplace with over a third of deaths in non-domestic buildings being attributed to smokers’ materials.

The best practices to have in place

Don’t bury your head in the sand – nothing is more important that the correct fire safety measures within the workplace. Seeing as most fires are preventable, it’s only right that you look into having professional and quality fire prevention and detection measures in place.

If you’re based in the North East of England and wondering ‘where are the best fire alarm installers near me?’, CDS Security & Fire are a fully trained and established Approved Gent 24 System Integrator; authorised to design, install, commission, service and maintain the Gent range of Fire Alarm and Detection Systems.

Fire alarm systems are one of the best investments your business can make to ensure it is protected from fire, so don’t delay today.

It had not been long, since HROne released new features to add more value and help businesses in the current unfortunate time. As if that was not enough, HROne has now introduced one more new feature named as shortcuts. They say that this feature will help save peoples’ time to a great extent.
The users can now-

●        Add 10 Apps of relevance to them on their HROne dashboard

●        The apps can be L&D, Social or work-related

●        Every department can add different app shortcuts as per their need.
At the time of onboarding as well, the manager can add the relevant apps to the new joiner’s dashboard.

●        The employee can also add the shortcuts as per their reference later.

When asked as to what made Mr. Karan Jain, Co-Founder, HROne introduce this new feature to help businesses in this situation, he said, “The time wasted between switching apps at the time of work is enormous. According to research, the employees, on an average, an employee switches 35 job critical applications more than 1,100 times in a day. So, we thought as to what we can do to help them save this time and invest this in something more meaningful? So, after a lot of brainstorming session, we came up with this feature. It consolidates all you app requirements in one place so that the employees can get things done quickly. It would not be wrong to say that HROne is now a launchpad for all your applications.”

To this, Project Manager, Mr. Magnum Gupta added, ‘ We were just waning to announce the feature as we consider this one of our best. It is similar to that of how your mobile asks you to make a shortcut of your emergency contacts or people you chat frequently with. We are just waiting to see how our new clients find it as the existing ones are having a good time using it! Not, to forget, the feature is available on both mobile and desktop versions.”

If you want to know more about their product, you can get in touch with them by fill the form and schedule a demo.

HROne Journey

Incepted in 2013 with an intent to simplify and automate HR functions, the Founder by 2017, after automating more than 250+ companies HR processes successfully realised that the jigsaw was only half- completed. While automating the functions helped save time, the problem-solving approach adopted still had scope for improvement. So, after analyzing the market, and associating ourselves with experts from IIT, ISB, ISC they worked together to make the HROne HR software and application extraordinarily smart and easy to use just like Ola and Swiggy!

Now, it stands still in the HCM marketspace with record 3,00,000+ satisfied users and 350+ happy clients across 18+ industries. They further plan to keep mechanising and humanising HR tech and make it as simple as ABC for employers, HRs, managers, employees, and contract-based workers.

With everything going on in the world right now, PR consulting may be at the bottom of your business’s to do list.

But hiring a PR agency to get your name out there, cutting through all the post-lockdown noise, could be the smartest thing you ever did.

Not convinced? Here are three good reasons you need a public relations agency right now.

You want to grow        

You used to have steady annual growth but things have leveled out recently and you want to find a new way to boost sales.

While PR isn’t strictly speaking a sales-based service, increased awareness of your brand will position you in front of your target audience, maximising the chances of growing your business. It’s not a quick fix, and most agencies will tell you to play the long game – it can take 12 to 18 months to see a real difference – but once you have a powerful brand, you will reap the rewards.

You want to be known

You believe that your products and services are the best, but that’s not really much use if nobody knows you exist.

PR and marketing services can make your brand stand out in a crowd. A consistent, well-executed campaign is worth any number of adverts, and has a drip-drip effect. You’ll find that as more and more potential customers find out about you, more and more will turn to you and your product/service first.

You want to change

The coronavirus pandemic has changed the way many businesses operate and, in some cases, even their core services.

If you’ve had a change of heart, a PR campaign is the best way to spread the news, setting out your new agenda on your terms.

Or maybe the pandemic has made you realise you need to change the way you communicate; with face-to-face contact falling by the wayside, now’s the time to make sure your digital side is up to speed. A PR agency can help with this, making sure your social media accounts are running smoothly and your website is working wonders.

If you’re thinking of getting someone in to help boost your brand, PR consulting experts like Harvey & Hugo can help, whether on a long-term contract basis or with a more flexible approach – what have you got to lose?

In case of a yearly or longer residential lease, if you need a tenant in California to move out, you can give them a Three-Day Notice to Quit or Pay Rent. It is very common for landlords to send tenants such notices, and you need to know how to proceed if you do it yourself. There are many reasons for sending a notice to quit to a tenant. Some examples include if a tenant moves a pet in that is prohibited by the lease agreement, the tenant causes damage to the property, he moves in too many roommates, or he is committing crimes on your property.

While preparing and writing the notice, you must list of some details, like the tenant’s name and the reason for requiring him to move out. The notice must be legally served, and there are strict laws around service of notices in California.

If the tenant broke the terms and conditions you both agreed to in the lease or is not paying the rent or not paying it on time, you have the right to send the notice to quit. Before jumping into the process of serving notice on the tenants, it is necessary for you to include the reasons for the eviction.

About the Notice to Quit 

A notice to quit is the formal, legal document from the landlord to the tenant telling him he must move out. So, before a landlord files an action against a tenant, he must be certain the notice includes everything the law says it must include. Look for further details on writing and serving the notice at https://expressevictions.com/. That website explains all you need to know in California about the Three-Day Notice to Quit or Pay Rent.

Why do you need to serve notice to the tenant to quit?

Generally, you can find a lot of reasons to send the notice to tenants in order to quit. Once the terms and conditions are broken or rent isn’t paid, then is your chance to serve the notice. It makes sense that a landlord serve notice if he can prove fault by the tenant.

If the landlord does not have documentary proof of failure to pay rent, for example, and it goes to court, the judge may throw the case out and allow the tenant to stay. If the landlord prevails, the sheriff’s office will move the tenant out of the property. Many times the case does not even get to court; the tenant gets the notice and just moves out.

Whose name should be added on the notice?

When writing the notice, include the name of all the adult tenants. Also, you must add the address of the rental property. Before serving notice on the tenant, the signature from you or your representative is always vital.

How to issue the notice to the tenants to quit or pay rent?

Be aware of that each and every state is different, and the law must be followed carefully. So, before going to send the notice, it is important for you to check the eviction laws of a particular state. For information, some of the states demand the landlord’s representative serve the notice to quit. In California, you can even send certified mail to the tenant instead of visiting the person directly to provide notice in hand.

When should you issue the notice?

If the notice isn’t written correctly and served according to law, the tenant need not move out if he points out the faulty documentation to the judge. Some cases have dragged on for years, though this is rare.

As stated, the first thing you need to do is serve the formal notice to the tenant to quit or pay rent. If the tenant does not make good on the rent even after receiving the notice, then the landlord can move to have the tenant removed.

Once the notice is issued to the tenant, the landlord has to wait to wait until the deadline mentioned in the notice, If the tenants agree to pay the rent on time, then they can stay on your property. However, there could be a chance that a tenant may fight the notice in court to get more time than the given deadline.

It is important for landlords to be thoroughly versed in how to write and service notices and then how to present the case in court, if it gets to court. If you, as a landlord, are not familiar enough with the process and law to get the tenant out on the first try, then we urge you to hire a lawyer to do it for you. The longer a non-paying tenant stays in your rental property, the more it will cost you.

Our question, when you sell business in Indonesia or buy a business, is this: what are the assets considered to arrive at an accurate value? Here we will look at some of the most common assets. There is a business for sale that the entrepreneurs keep an eagle eye on.

·         FF and E

This abbreviation stands for furniture, fixtures, and equipment. These are the tangible assets used by the business to operate and make money. All businesses (with a few exceptions) will have some amount of FF&E. The value of these can vary greatly, but in most cases, the value is included in the value as determined by the income.

·         Leaseholds

The leasehold is the lease agreement between the owner of the property and the business that rents the property. The agreed-upon leased space typically goes with the sale of the business. This can be a significant value, especially if there is an under-market rate currently charged and the lessor is obligated to continue with the current terms.

·         Contract rights

Many businesses do business based on ongoing contracts, agreements with other entities to do certain things for certain periods of time. There can be immense value in these agreements, and when someone buys a business he or she is buying the rights to these agreements.

·         Licenses

In certain business for sale, licenses do not apply; in others, there can be no business without them. Building contracting is one of them. So is accounting. For a buyer to buy a business, his purchase includes either buying the license to the company or the license to the individual. Often, the buyer will require the access or availability of the license as a contingent element of the sale.

The three main components

When it comes to business for sale, there are three main approaches to value, which are the income approach, the market approach, and the asset approach. There are variations of these approaches, and combinations of them, and things which must be looked at because each and every business will have variations of what gives the business worth.And some of these differences are substantial. First, we must identify the type of sale stock sale or asset sale.

A stock sale is the sale of the company stock

The entrepreneur is buying the company in Indonesia based upon the value of its stock, which represents everything in the business: earning power, equipment, goodwill, liabilities, etc. In an asset sale, the buyer is buying the company assets and capital which enable the company to make profits but is not necessarily assuming any liabilities with the purchase. Most small businesses for sale are sold as an “asset sale”.

For any warehouse or manufacturing operation, a modular palletizing system can not only save time and money but can also maximize warehouse space and allow for increased productivity. However, choosing the right pallet racking as a part of that system is imperative.

In the same way that planning for your palletizing system starts with the big picture, so too should your approach for integrative storage. Start with the data that drives your business. What are your inventory requirements for optimum operation, and should you be trying to improve those numbers? If you are considering expansion, first look at the space you have now and whether it is being utilized to its best degree.

With some initial planning, the pallet racking system you choose will fit into the space you have, optimize the storage you need, and be compatible with any automated palletizing system you use. Let’s break each of these areas down.

If the square footage of your facility is inadequate, begin with an evaluation of space utilization. Consider vertical space availability as well as horizontal floor space. How high is your ceiling and do you have, or can you acquire, the equipment needed for safe vertical storage? Is there room for the convenience of a drive-in or drive-thru system of pallet racking? If you plan to optimize vertical storage, work closely with your racking supplier to discuss issues of weight requirements. Consult with your company’s safety director during planning to see what additional employee training and education a new system might necessitate.

As we mentioned before, improving the storage you require should be an important consideration when venturing into a new system. Given recent, unprecedented world events and the uptick in ecommerce, the ability to track and continually update every square foot of storage is increasingly vital to the success of businesses. You know what you can store and retrieve now, but how well can you forecast what your company’s needs will be in the near future? Or even a few years from now? Considering what trends might be coming can help you make the most of any storage restructuring at your facility. Agility is key.

No amount of planning will help your business if you have not successfully integrated all parts of a palletizing system. A modular system is the best way to ensure that future flexibility needs can be met. The ability to grow and evolve as your product and market needs change should not be delayed in the final stages of your operation. Having a modular palletizing system that adapts to your specific needs will save money and allow your company to maintain momentum during times of market change.

Sources

https://en.wikipedia.org/wiki/Pallet_racking

Traditional banks only offer you a loan at the lowest interest rates if your credit score is good. But what if you need investment in an emergency and credit score is bad? No worries get in touch with a licensed money lender. Without checking your credit history, they will offer you a loan at the best interest rates. 

What is a bad credit score?

According to the FISCO, the credit score lies between 350 to 850. If your credit score is below 650, then you come in the category of bad credit score borrower. Whereas, if your credit score is above than 650 then you are a good credit score borrower. After seeing your credit score, a bank will decide your interest rate. Though you will get the bad credit loan from the lender, the interest rate you will repay is relatively higher than the right credit loan. 

• 750-850- Excellent. 
• 700-759- very good. 
• 600-669- Fair. 
• 620-659- Poor. 
• Scores under 600- Bad

What is a bad credit loan?

A bad credit loan is a type of loan which is offered to borrowers who have a bad or poor credit score. A lender who offers you a loan without seeing your credit history will ask you to pay a high-interest rate. The reason is to offset the risk of losing money. Your credit score implies how true you are when it comes to repaying the pending bills. If your credit score is high or good, then you are an ideal borrower in the eyes of the lender, and he will offer you a loan at the lowest interest rates. But, if your credit score is low due to any reason like not paying pending bills, repaying debts and so forth, it is very tough to get a loan at the lowest interest rates from the traditional banks. To help bad credit score people, a licensed money lender came into the picture. They offer you the loan without checking your credit history and other documents. But, the interest rates they charge are relatively higher than other good credit scores. 

A bad credit loan doesn’t need a guarantor: 

A bad credit loan is a type of loan which doesn’t require a sign of guarantor. You don’t need to show your educational, income proof to get these types of loans. All you need to share some basic information about yourself like your name, personal identity proof, address proof and income proof and credit score details. Once the lender gets your documents, he will approve your application and transfer the loan to your bank account. 

How to apply for a bad credit loan?

Applying for a bad credit loan is a straightforward process. The following are the steps that help you in applying for a bad credit loan. 

Search the lender: First, you begin the bad credit loan process by finding a reliable and licensed moneylender like Crawfort who offers you the bad credit loan at the best interest rates. You can take the help of Google to find the authentic lender. When you search on the internet, you will come across plenty of lenders who offer you bad credit loans. But you need to choose a reliable one. To do that, all you have to do is just get a quote from every lender and then compare it, pick a lender who offers you the bad credit loan with the best interest rates. 

Fill the form: Once you choose the lender, you need to fill an application form. Enter all the information that is asked in the form correctly. You also need to submit the documents along with an application form. 

Review an application: As soon as a lender gets your application, he will review it, and if he finds everything good, he will approve your application. 

Loan Transfer: When your application gets approved by the lender, he will transfer the amount to your account within 24 hours. 

Repay the loan: According to your tenure period and frequency of repaying a loan, you need to repay the loan in the form of installment periodically. 

Pros and Cons of Bad Credit loans:

It makes sense to take caution while taking a bad credit loan from the lender. Be careful; if a lender doesn’t require your credit check, income proof, guarantees and you don’t see any review online, it’s a red flag to stay away from the lender and might be a time to look elsewhere. 

Pros:

• Bad credit loans are instant approval loans. 
• Depending on a lender’s repayment terms and conditions, you have to repay the loan. 
• If you repay the loan on time, it will increase your credit score. 
• Easy loan application process. 

Cons:

• Interest rates are higher than conventional loans. 
• If you are unable to repay the amount on time, they charge high penalties.