Categories
Business

IS BUSINESS BOOMING? AVOID THESE COMMON MISTAKES FOR YOUR GROWING BUSINESS

Is Business Booming? Avoid These Common Mistakes For Your Growing Business from Plooto
Categories
Business

Four reasons to introduce automated timekeeping

Time is the most valuable resource, and, unfortunately, not always the company’s employees manage it correctly. An automated time management system can help solve this problem.

The system works simply: readers are installed at the entrance to an office building or office, to which employees show their IDs (access cards, smartphones, fingerprints) when entering and exiting. The system remembers this information and allows you to generate reports based on it.

According to PERCo, a manufacturer of security equipment and systems, the rate of tardiness and absenteeism decreases significantly after the introduction of automated time tracking in companies. Improved labor discipline has a positive effect on profits by increasing labor productivity. If we take a company with 100 employees and an average salary of 4 thousand USD, then if each employee reduced their lateness by 10 minutes per day, the savings would be 12 thousand USD per month. The system also allows you to correctly calculate wages – based not on the conditional eight hours per day, but on the actual time worked.

If access control systems are already in place in the building, the same equipment can also be used to record time and improve discipline. The system records who entered a room, when, and for how long, which prevents employees from moving around inappropriately and improves discipline. If the building is not equipped with an access control system, LICON terminals can also be installed at the office door to keep track of working hours.

For many managers it is important to be able to monitor the situation even at a distance, for example, while on a business trip, and modern systems of automated time recording allow you to do this – just a smartphone or tablet.

Yes, with automated timekeeping systems you can not only monitor but also inspire employees. This is facilitated by the “transparent building”: monitors in common access areas display images from cameras installed in different offices or even remote branches of the company. By seeing the work of their colleagues, company employees feel a sense of belonging to a common cause.

In addition, while previously it was thought that automated timekeeping was synonymous with harsh working conditions, everything has changed with the advent of the flexible schedule algorithm. Employees feel comfortable being able to be late and work that time later.

The timekeeping system automates the filling of timesheets, reducing labor costs and eliminating the human factor. The flexible schedule is supported by the CRM integration module, so even if an accountant keeps track of actual hours worked, rather than the conditional eight hours per day, he receives a time sheet in a legally approved format.

Employees of HR-department do not need to waste time on control over employees’ discipline: all information about violations is recorded automatically and is available in an easy-to-view format. The system also allows you to generate justification documents to legalize sick leave or other absences for a valid reason.

Categories
Finance

Know the Claim Settlement Process of a Term Plan Before Purchasing One

The insurance market is vast. After all, it is one of the most required investments that one must have for their loved ones. Today, there are many options to choose from for a term plan; we have limited pay plans, appreciating cover plans, staggered payout plans, return of premium plans, and many more. The collection is enormous, and almost all of them offer huge benefits. Since the nature of a term plan is to help the nominee in the most challenging times, the process to claim the death benefit is simple. However, it is important to go through all the technical details of a term plan before you settle for one.

1. Do your research

As you choose to purchase a term protection plan, do an intensive search on the plans accessible. You can look for the term insurance premium plans and the provisions across the diverse insurance agencies to pick the one that is best for your necessities. Another angle you should weigh in is understanding the insurer and their history.

2. Look for Add-ons

Term plans offer riders at a sensible expense which ought to be surely considered by you regardless of probably not fitting in your prerequisites. Additional riders, for example, waiver of premium on disability and waiver of premium on sickness come at a low premium, while waiver for critical illness cover is the costliest. Subsequently, you should examine whether the extra advantages coordinate with the term insurance premiumcharged. Furthermore, read the fine print of all the additional riders as they will in general be diverse for various insurance agencies.

3. Consider Tenure Carefully

Consider picking the longest-term plan. This is because in case you choose a shorter plan; you are locked during that time and cannot broaden the same later. Then again, when you pick a longer plan, the term insurance premiumremains the same throughout. In case you wish to stop at a later stage, you can do that with no extra charges.

A term protection plan is an agreement between you and your backup plan, and it will help your family when you are not there. It is to your greatest advantage to pick the right arrangement for your family by considering each one of the variables mentioned above.

It is important to analyse the death benefit considering your age, income, liabilities, and present health conditions using a term plan calculator and determine the premium you will be paying for different plans.

Here’s how you can start the Term Insurance Claim Process:

Purchasing a term protection plan is a difficult choice. All’s fine when you purchase the plan. But, when you need it the most, you might feel like you should have understood the process earlier and better. To make sure your family does not have to go through this, here is what you need to know!

The insured, relatives, or the nominee can send a claim application to the insurance agency at the earliest opportunity. In spite of the fact that your family might be in distress, they should not postpone making the case. This is to keep away from any complexities simultaneously!

There are different advances associated with documenting a term insurance claim process on a term protection plan. If the insured dies an untimely death, the recipient must inform the insurance agency right away.

In addition, keep every one of the necessary documents ready. Other than this, prior to informing the insurance agency, this is what you must make sure of:

• All the charges are paid on time.

• The recipient of the plan remembers the exclusions.

Documents required:

For any death that happens following three years of owning the plan:

•         Claim application structure (given by the insurance agency)

•         Certificate of death

•         Policy report

•         Deeds of assignments, if any

•         Legal proof of title if the plan isn’t nominated

•         Form of release executed and experienced

•         Last clinical specialist’s authentication

Like any other application, clinic authentication, employer’s testament, or police examination report might be needed to be produced. A postmortem report is required for death within three years of taking the plan, besides all the documents mentioned above. This gives the insurer some more opportunity to explore the case before settling your claim.

Categories
Business

How to be sure your parcel will be delivered in a safe and fast way?

Businesses rely heavily on shipping companies. This is because they are required to ship their products from one place to another on a regular basis. They also need to ensure that their products are delivered in a completely safe and fast way. Otherwise, businesses can incur major liabilities.

Fortunately, there are certain ways in which businesses can ensure that their products and parcels are delivered properly. Here are some of the major ones listed:

  1. Safe packaging

The first step that businesses, and even individuals, need to take is that to use safe packaging. This is especially important with fragile items. It is very unlikely that the parcel gets damaged on its way if the same is being delivered using a reputable courier service company. However, it is still important that the parcels and products are packed in proper cartons. This is effectively to ensure that the parcels do not get damaged.

  • Use proper labels

It is not only about proper packaging. You should also use the right labels. These are absolutely important. Once each and everything is packed, it is imperative that the shipping labels are attached properly. If these labels are not properly attached, it could cause severe delays. In fact, you may even expose yourself to losing the parcel. Therefore, you should completely be aware on how to send a parcel.

  • Do not deliver prohibited items

A lot of individuals and businesses commit the mistake of sending prohibited items. They only later find out that there parcel is not delivered properly. The custom officials will confiscate the parcel during the assessment of the same. Be sure that you are fully familiar with the rules and regulations regarding what can be sent or not. Know the import and export policies of the state. This can help you avoid unexpected surprises.

  • Insert the correct details

A lot of people make the mistake of entering the wrong details. This means that you could mistakenly send the courier to a wrong address. Make sure that the address details are entered properly. Double check the information which is being entered. The format must be correct as well. You can ask the format from the courier company directly. In case there are any confusions, ask the service on how to enter the details.

  • Get the right courier company

This is perhaps the easiest way to ensure that you parcels are delivered in the right manner.  Reputable courier companies have the right systems and mechanisms in place to ensure that your parcel is delivered to the recipient in safe and efficient manner. They will even provide tracking services to ensure that the packages can be tracked rightly. There are many ways in which right courier companies can be selected. The best way to do so is going through the customer feedbacks. It will help in identifying the pros and cons and therefore, make a well informed choice.

Categories
Business

Car crash in California: Answering top questions

Right after an unfortunate auto accident in California, you may have many questions in mind. The immediate shock and trauma can be hard to deal with, and if you are seriously injured, getting medical attention should be your top concern. Injuries caused by car crashes often show up weeks later, and in some cases, that can take months in healing. If you need help with your car wreck case, consider talking to a personal injury lawyer. In this post, we are answering the top questions related to auto accidents in California. 

What to do after a car accident?

Pull over and get to a safer place. Consider calling the local police immediately, and if someone needs immediate medical help, call 911 without delay. Take as many photographs and videos of the accident scene as possible, provided you feel physically okay. Share information with other drivers, and get details such as insurance and license information. Note down the details of witnesses, if any. 

Should you hire an auto accident lawyer?

Although not mandatory, seeking legal advice after a California car crash is a wise idea. If your injuries are minor or the losses can be covered from your insurance, you may consider filing a claim on your own. California is a fault state, so you can consider filing an insurance claim with the at-fault party’s insurer, and before you do so, it is wise to speak to an attorney. They can advise on your circumstances and the worth of your claim. 

How much time do you have to file an injury lawsuit?

The statute of limitations in California states the deadline for injury lawsuits after an accident. If you lost a loved one, a wrongful death lawsuit could be filed within two years. The same deadline is applicable for injury lawsuits. For property damage lawsuits, the statute of limitations allows three years from the date of the accident. 

What if you were at fault?

California is a pure comparative negligence state. Your percentage of fault will determine what you eventually get in compensation. You can file a personal injury lawsuit, even if your share of fault is more than the other party. For example, if you get $10,000 in settlement and are 70% at fault, you can still recover $3,000. However, the other party will likely initiate action and ask for compensation for their losses since you are at fault. 

Check online now to find more on car accident laws in California and call an attorney without delay. 

Categories
Business

Collaborative Divorce: Will It Work for Your Situation?

Collaborative divorce is designed to make divorce less contentious and costly. But, it can only work for spouses who can put their differences aside and cooperate. With this type of divorce, the process becomes shorter, less emotionally distressing, and less difficult. Thus, if you want the divorce proceeding to go smoothly and quickly, without much court intervention, you should consider a collaborative divorce. But, this divorce has its set of requirements and procedures and involves trained experts. If you are considering a collaborative divorce, get in touch with an attorney at Kohlmeyer Hagen Law Office to understand the process and your legal options. 

How Collaborative Divorce Works

When the divorce process starts, you and your spouse will have a conversation to make sure both parties are willing to negotiate and cooperate in the process. Then, you need to hire your respective lawyer with experience in this type of divorce and who wants to utilize alternative dispute resolution such as mediation. 

Once you hire an attorney, you must discuss with them your goals and desires. You should talk about how your assets and debts will be divided as well as how child custody, support, and visitation should be handled. 

During the initial meeting with the other party, you will usually sign a “no court” agreement that lets your lawyers withdraw from your case should one of you exit the collaborative divorce process to start court litigation. In addition, this agreement holds every party accountable. During subsequent meetings, both spouses must voluntarily provide information to each other to continue negotiations, including tax returns, salary information, asset and debt details, as well as employment information. 

Picking Your Divorce Team

If you choose a collaborative divorce, you and your spouse will work with a team of experts. Your team includes divorce attorneys who can guide you through the process and smooth out any differences. You and your spouse must have your respective legal counsel. Apart from lawyers, your team can include financial experts, child welfare professionals, and mental health professionals who will work together to try to finalize your divorce as quickly as possible. If you have children, you may need to bring a child specialist into the team. 

Is Collaborative Divorce Right for You?

A collaborative divorce can be right for you depending on how each of you thinks of the process, whether or not you both are willing to negotiate, and your ability to work together. If there is a history of domestic abuse or violence in your family, it might be best to file a contested divorce. 

Categories
Business

Divorce dilemma: The undeniable need for an attorney!

The word ‘divorce’ is rarely seen in a positive context. People usually imagine couples fighting and shouting aloud in court over marital matters. While that happens too, divorces don’t have to be complicated. If you have decided to file for divorce, you need to contact a local attorney without delay, even when things are amicable with your spouse. In this post, we are sharing more on why hiring an attorney is so necessary. 

Legal advice you can trust

If your marriage is irretrievably broken, you need to know your rights and legal options. Friends and family members are great for emotional support, but only an attorney with experience and expertise can explain divorce laws in depth. If you decide to file for a no-fault divorce, you don’t have to blame your spouse for marital misconduct, but you still have a right to marital property. A legal separation is also an option for some couples. An attorney can share details of how you can end the marriage without a raw deal. 

Avoid the mistakes

Getting through a divorce is not easy. There is considerable paperwork involved, and you are also expected to make decisions concerning matters like child custody and alimony. When you are emotionally charged and not in a perfect state of mind, it’s best to avoid hasty decisions. Also, any mistake in the paperwork can further cause delays. Hire an attorney to avoid unwanted mistakes that can otherwise impact the outcome.  

Negotiate better

Even in a no-fault divorce, the separating spouses are expected to communicate and settle pressing matters, such as child support, distribution of assets, child custody, and spousal support. If you are not on talking terms with your husband/wife or don’t want to engage in direct communication, you must call a lawyer. Lawyers are skilled at mediation, and they know what it takes to negotiate with the other party’s lawyer. 

Minimize the stress

Finally, having a lawyer by your side can minimize the stress. While your attorney is not your therapist, they can offer considerable support and advice to handle the current circumstances. They can ensure that the paperwork and drafts are done right, and before a separation agreement is signed, they can review all the details. In short, your lawyer is in charge of protecting your interests. 

Hiring an attorney is your choice, but your divorce doesn’t have to be too hard to endure with the right expert.  

Categories
Business

You Need To Know The Types Of Designing On Website Page

Both web design and print design are different types of designs. They have similarities but there are also differences that set them apart. The examples for both the websites and print are easily available. With print design, you can have something physical but with web design, it is always something visual that you will see online which becomes quite attractive. It is important to understand the difference between the two in order to ensure that you can deliver the best product with the best availability.

Web design

When it comes to web design, you can find more information on the website. There are many things that one can design in the website includes the logo and advertisements which takes a lot of work and attention. To create a website, you need to put in a lot of effort. There is a lot of design required for any website and it can take a long time. You need to pay attention to the details and make sure that you cover up all the aspects including printed marketing.

Types of designing

There are different types of web designing includes banner advertising, building newsletters, advertisements, online promotions, HTML websites. You can find more information online and check with the different types of design. The various types of designing require putting in a lot of effort. You should understand the best professional services that can ensure you with good quality work. There are many companies that can provide you with fast and friendly service.

Print design

Printing is also a nice way of designing. It is quite useful in the business and it is good for advertising. There is a lot of work that goes in for web designing and print designing. No matter what service is required it is important that you should always stay within the guidelines of the brand. You should approach in such a way so that you can walk hand in hand with your brand. It is essential to market your business and make it attractive.

Examples of print design

There are certain examples of print design that the company requires. There are business cards, advertising banners, product packaging, and others. In order to choose a good print for your company, you can check out their work and find more information. It is important to stay confident behind the design of a website and printing. The different designing ideas are important and they can ensure you with a good quality service. You can check out all the information on the website and decide on choosing a company that can provide you with the best service and design ideas.

Designer companies

The designer companies are originally effective in order to give you the best results. You can get in touch with the customer care service for more information. You can also speak to a specialist and help yourself to understand the similarities and differences between web and print design. It is important to take care of the whole process of designing and go through it. All the designs should be aesthetic in nature and should serve your purpose of the marketing.

Categories
Business

Things you must know about POAS

The acronym POAS stands for Profit on Ad Spend. It’s an alternate shorthand for the original ROAS, which was supposed to be Return on Ad Spend but became Revenue on Ad Spend, as described. Profit on Ad Spend (POAS) is a measure of internet marketing and advertising campaigns’ return on investment. The POAS is a statistic that allows you to track your campaign profits with greater precision.

Things one must know about POAS

Purpose

Depending on your goals, POAS, which is about direct, revenue-optimized performance, maybe less beneficial. The purpose of using POAS as a campaign metric is to be able to supply and manage variable margins for businesses. It’s less useful for products with small profit margin differences.

Calculation

You divide the gross profit attributable to the online marketing channel by the ad cost to get the POAS of your online advertising. These figures are directly similar, therefore a POAS greater than one (1) indicates that you have made money.

Precise

Simply said, it determines the most precise return on your advertising investment. As a result, you’ll be able to plan and execute your campaigns more effectively and efficiently, and you’ll be able to focus on the areas that need to be addressed.

Shift

The focus of online marketers is gradually changing from ROAS to POAS. Today, some marketers consider POAS to be a more accurate indicator of your PPC campaign’s profitability and conversion rates than ROAS.

The predecessor

Because it was the best practice that was readily available, ROAS has only become the best practice. When you use a revenue-based metric like ROAS, you end up with an opaque system that requires a lot of one-size-fits-all rules and guessing to compensate for its flaws. ROAS is difficult to comprehend and apply. Furthermore, you will lose out on prospective income.

The successor

POAS is a simple best practice that anyone can use and understand: If your gross profit exceeds your ad cost, you’ve made money. With ProfitMetrics, you can use POAS directly in Google, Facebook, and other paid marketing channels, allowing you to focus your time and resources on the ads that have the most impact on your bottom line. No guessing and complete transparency!

Usability

POAS is a direct metric in internet advertising that is easy to use and understand. You will surely outperform your competition in terms of lead generation and prospecting if you start using the POAS statistic in your ad campaigns.

Tracks margins

Rather than tracking margins, evaluating the profit from each transaction generated by your internet marketing allows you to see what pushes the needle for your company. Tracking margins is prone to inaccuracies because you don’t know what things were purchased, and it doesn’t give you an accurate picture of how your company is doing per product.

Tracks profits

Instead of relying on an average Return on Ad Spend figure, watching your profits allows you to bid the exact amount you can afford in real-time, maximizing profitability.

Categories
Finance

Explained: Who Is A ‘Street Vendor’ In India, And What Is The Street Vendors Act Overview

A street vendor is a person who sells goods and services to people but does not have a fixed place of selling.  An estimated 50-60 Lakh avenue distributors are all over India.

In the cities of Delhi, Mumbai, Kolkata, and Ahmedabad there are a concentrated amount of street vendors. On average the street vendors in India work for at least 10 to 12 hours every day. These are mainly migrants from other states coming to the city to sell their goods and services.

Under the current government, around 3 Lakh vendors across the nation were given business loans. The PM SVANidhi scheme was started to ensure that there is a smooth flow of capital in the businesses of the vendors who come under the Street Vendors Act. Street vendors, under PM SVANidhi, get upto Rs. 10,000 worth loans for easy functioning of their business.

The Statistics

Street vendors in India cover up 14 percent of the total (non-agricultural) urban informal employment in the country.  The street vendor sector is full of problems. They have a major issue of licensing as most of the street vendors don’t have licenses to carry out their work. Let’s take for example Mumbai. In Mumbai, there are 15,000 licenses against 2.5 Lakh street vendors. This results in illegally selling goods and services to the people. In the process, they also become subject to extortion and exploitation from the hands of police and Municipality authorities.

When out in the market there have been instances where the police come in their vans to remove the encroachers and take away their goods. These eviction drives affect their business adversely as they even have to pay a heavy fine. Over time street vendors started unions and associations and their own NGOs to support themselves.  1,400 street vendor organisations and trade unions that have a presence in 28 states come under The National Hawker Federation (NHF). It’s an umbrella organisation that covers all the street vendors across the state.

National Association of Street Vendors of India (NASVI)

The National Association of Street Vendors of India (NASVI) was formed in the year 2014 by the previous government. This gave birth to the landmark Street Vendors Act 2014 (Protection of Livelihood and Regulation of Street Vending). The government is also setting up rules for the hygiene of selling cooked food by street vendors.

The Act was introduced to safeguard the rights of street vendors. It was brought into practice so that nobody could exploit the street vendors who are already poor. Then Union Minister of Housing and Urban Poverty Alleviation, Kumari Selja introduced the bill in the Loksabha.

To make sure that all street vendors, identified by the government, are accommodated in the vending zones subject to norms, the Street Vendors Act envisages the formation of Town Vending Committees in various districts.

The Street Vendors Act is not in practice in all the states in the country. Barring a few places in Maharashtra, Madhya Pradesh and Punjab, town vending committees haven’t been formed, and street vendors continue to take care of themselves.

The Bottom Line:

The Street Vendors Act was introduced by the government to empower the urban vendors so that nobody could exploit and extort them and so that they can avail loans granted specially for them. Under PM SVANidhi the street vendors get loans upto Rs. 10,000 for their business. The Street Vendors Act was introduced by the previous government in 2014. The current government has granted loans  to street vendors under the Street Vendors Act 2014. For more such information and a variety of products that suit your financial needs, head over to Finserv MARKETS.