Home Insurance Must Haves

Home insurance isn’t ‘just’ home insurance. In the modern market, home insurance comes with a wide array of options, additional extras and policies. It can be quite confusing as not all of it is needed. There are, however, a few items that you should look out for where you can.

An excellent policy will cover all of these. Cheap home insurance quotes are easily found if you shop around or get a deal from the same company for all these items.

Repairs

This is the key difference between a good policy and an awful one; how quickly and efficiently does your policy handle accidental repair or replacement of items? If, for example, the house needed major repairs, how long would your insurance company take to react. The fine print and other contract details will often give this away; you may find some policies are not as dedicated as others once you read them.

Accidental repair is also important, covering you against anything that would otherwise damage the building and, most likely, reduce its value. As a houses value is highly important, this is something you will want to protect.

Cover Insurance

It goes without saying, but cover insurance is often overlooked as a simple option. In short, the contents inside your house can almost be as valuable as the building itself.

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Local Search And Internet Yellow Pages A Whole Newvocabulary For Small Businesss

Writen by Dr. Lynella Grant

Buyers want both online and local information about where to buy Most small businesses are local in nature, serving people who live nearby. Their customers found them through traditional methods like the Yellow Pages or newspaper ads. So far, the Internet hasn’t figured prominently in their marketing efforts. That’s about to change, as Local Search methods become more widespread. Even for buyers expecting to spend their money close to home, more and more of them go to the Internet to locate desired products and services. They rely on search engines to find suitable vendors in the fastest, easiest way. Local Search combines the search query word or phrase with specific geographic terms, like city or zip code. That way, search results only include enterprises in that local area. Instead of information about a small enterprise being lost among millions of pages of search results, it shows up in a small pool of local providers. That’s good for them, as well as the person looking for what they provide.

Small operations can easily be located by a whole new group of buyers Consumers don’t simply go to the Yellow Pages when ready to buy – as they once did.

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Small Business Startup Easy As Art

Writen by Angel Brown

Starting a small business can be challenging, but it’s easy to do if you look at the process as an art.

The word art, according to Webster’s Dictionary, is a “skill acquired by experience, study, or observation…a branch of learning…the conscious use of skill and creative imagination esp. in the production of aesthetic objects.”

It is an act of creation–the physical production of a visualized work, or the process of achieving a desired outcome. Like composing a symphony, or painting a portrait, or baking a cake, starting and running your business requires the same combination of Action, Resources, and Timing, or ART.

Similar to the artist who sculpts a statue or writes a novel (action) using chisels or pen and paper (resources) in a specific sequence (timing), you apply certain techniques, using the tools of your own trade, in step-by-step processes, to start or grow your company. Every aspect of business essentially follows the same pattern, from start-up through expansion to retirement.

First things first. To realize any accomplishment in life, whether business or personal, you first have to define your goal. This may sound simplistic, but the reality is: You can’t get there from here if you don’t know where “there” is. You need to be specific.

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Six Important Tips To Improve Your Cash Flow

There’s a common statement amongst business people at all levels and that is ‘Cashflow is King’. Most people who follow this little metaphor have learned that little in business survives without it?

It is sometimes so, so easy to get caught up in the roundabout of business. There’s marketing advertising deadlines, new products, administration, staff issues, recruitment, selling and then more selling: You also need to focus on the cash collection of those sales. You’d be surprised how many good business people forget to collect what is owed to them. This can later cause immense problems in the running of your business and many business people don’t see it coming.

Here are 6 tips to ensure you have a better chance of collecting your money:

1. Ask for a retainer or down payment on projects so that your customers fund the project, not your business.

2. Set your terms to say ‘payment in full’ at completion. Don’t extend out 30 or 60 days after you’ve completed your work. Never, ever give 90 days. You will pay interest on the money you borrow while your money is caught up in this delayed payment schedule. Poor cash flow costs you money it just isn’t apparent all the time.

3.

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WELCOME, INTERNATIONAL VISITORS!



We’ve happily noticed that many visitors to this blog hail from 60 countries, and we are excited to welcome you. We are peace-loving Americans who are counting the seconds to January 20, when we usher in a new government Administration.

If you are interested in selling your products/services to the United States we have a link to a website that might be helpful to you.

We do apologize in advance for the link’s reference to use of the word “foreign” to describe anyone outside these not-so United States. As the great composer Phoebe Legere (www.phoebelegere.com) wrote in her wonderful song “Amazing Love“–”there’s only one race, and that’s the human race, ok?”

We, at Small Biz Startup, are hopeful that the new Obama administration will usher in a welcoming attitude that does away with the word “foreign” in our country’s vocabulary!

This site contains information on selling products and services to the U.S.:

www.usa.gov/Business/Foreign_Business.shtml

Once again, welcome to our little blog. We look forward to your comments! We are all in this together!

Small Business Loans Go Green

Florida First Capital Finance Corporation (FFCFC) informs us that new SBA 504 public policy goals will benefit businesses that go green.

As a part of the Energy Independence and Security Act of 2007, Congress added new public policy goals to the SBA 504 loan program targeting businesses willing to go green.
The U.S. Small Business Administration 504 program is intended to create jobs based upon a formula that has been modified several times over the years. Particular preference is given to rural, economically disadvantaged areas and minority and female applicants for which SBA may waive the job creation requirement. The loan proceeds must be used to finance long-term assets such as real estate and fixtures which makes the program ideal for construction, for expansion of manufacturing facilities and other job intensive structures.

The SBA recently interpreted Congress’s words and released new policies. Following is a current understanding of which projects are now eligible for 504 financing:
LEED certified projects, at any level — Certified, Silver, Gold or Platinum — or using any other rating system that shows the increased use of sustainable, low-impact design.
Projects that reduce energy consumption by at least 10%.

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Survival Story

Bonnie Arnold, Owner, Bonnie’s Floral Designs

Bonnie has a creative and innovative floral business in the heart of St. Nicholas. Here is her discussion with the Jacksonville Business Journal about lessons learned in small business…
When Bonnie Arnold started her floral arrangement business she didn’t have any trouble finding work. She attended the same board meetings she had as a director of a nonprofit for more than two decades and introduced herself as the owner of Bonnie’s Floral Designs.

Arnold, whose roots were firmly planted in the cultural arts community of New England, spent most of her professional life in various leadership roles in nonprofit organizations. She decided to reconnect with her artist roots as she neared retirement.
“Most business owners start with a talent and a dream and then wonder where the customers are. I did it the opposite way,” said Arnold, who spent most of her previous career specializing in fundraising and developing relationships with top executives of companies in Jacksonville.
Within a year of her 2002 opening, Arnold had 150 corporate accounts, which accounted for 75 percent to 80 percent of her total business, as she focused on the arts and upscale communities.

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2009: Worst Economy in 63 Years?

Not that I necessarily put much stock in economic projections from the government, but the Congressional Budget Office served up a depressing number in its latest budget and economic outlook just released on January 7.

The CBO expects real GDP growth for 2009 to come in at -2.2 percent.

Is that better or worse then you expected? It would not surprise me.

Well, to put this in perspective, if that -2.2 percent real GDP growth turns out to be correct, it would be the worst annual performance in real GDP growth since a huge GDP contraction after World War II in 1946. That’s 63 years ago.

But massive government spending is going to set things right? Don’t think so.

Raymond J. Keating
Chief Economist
Small Business & Entrepreneurship Council

What Is The Ideal Banking Strategy For A New Small Business?

The best banking strategy for a small business? Have a line of credit set up before you need it.

That means you need a business plan, or at least cash flow projections. For your own use, you need to have a worst case scenario to determine your maximum needs. That should be your target for funding, although you won’t necessarily share that with lenders.

A line of credit with vendors is always a good thing as they are, in essence, a free source of funds. Although that can go sour really quick if you don’t maintain a good payment history. But, for every vendor you can pay at 30 days, that is a 30 day loan you don’t have to take out.

Depending on your business, there are sources of funds besides banks, and depending on circumstances can be reasonably priced. I’d Google for those options.

And, as much as possible, you don’t want to sign personally on the loan, nor collateralize it with personal assets, although it is unlikely you will be able to achieve that, at least initially.

Since my brother-in-law is an accountant, I would be remiss if I didn’t insist that you keep a good set of books.

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Community Relations Strategy For Small Business

Writen by Lance Winslow

Does your company have a community relation strategy? Have you even considered it? It is essential to have policies in place. Having run a small business for years which eventually turned into a multi-state franchise system, I realized early on that a business who is part of the community it serves can survive the ups and downs of the business cycles, making it somewhat recession proof. Nothing turns off the community more than a business which refuses to give back a little and gives some ridiculous excuse of; “It is our corporate policy, sorry!” Many times a volunteer for a club or organization will come in and ask for a hand out. Rather than giving them an excuse, talk with them about what you can do, have a policy which helps them too. Do not just tell them sorry; “No can do” offer them other assistance instead. For instance if they come in a are looking for a donation, you might say. We are not able to give a straight donation, but we are allowed to give you an item or two on the discount rack for a door prize or silent auction.

Your employees and managers of all your stores should have leeway to help you serve the community, which support your business.

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When Does A “Virtual Office” Set-Up Make Sense?

When does a virtual office set-up make sense … and for whom? For example …. using virtual office packages from Packet8 or iTeleCenter.

Small businesses and home offices appear to be the best candidates (improved cost effectiveness, “big time” presence and reach, and efficiencies gained) … true or false?

Short answer … true.

As for when it makes sense … and for whom?

I would say a virtual office set-up makes sense when you need to be mobile and can actually add more value by doing so, i.e. costs would be incurred by requiring you and your employees to be at a specific location for a specific required time. Or, to improve the productivity of an already existing dispersed group.

To illustrate the advantages of a Virtual Office here’s a testimony from Mark Adams of MergingDesign.com ……

“My company is a marketing/design agency, and being virtual works wonderfully for us. It started out of necessity six years ago because we simply couldn’t afford office space in the beginning. But it turns out that allowing designers and programmers to work out of their home office is a great benefit that helps us attract experienced talent. We use Packet 8 Virtual Office and most of our clients don’t even realize we’re virtual. And we use IM, Email, BaseCamp, shared servers, etc.

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Zoning Laws And Taxes Affecting Your Homebased Business

Writen by Jo Ann Joy

Zoning laws may be determined by your city or your county, and you should familiarize yourself with these laws so you will be able deal with any issues that may arise. First, you need to determine if your home-based business will have employees or walk-up trade. If not, the zoning questions may never arise. Home-based businesses that deal with the public or have non-family-member employees that work out of their home are more likely to have issues with with zoning laws. Before you start your business, get a copy of your local ordinances from your city or county clerk’s office, the city attorney’s office, or your public library.

Usually the problems arise when neighbors complain, and the zoning boards are required to deal with the complaints. If employees and customers are going in and out of your home, making noise, or parking by the neighbors’ homes, your neighbors will probably bring this to the attention of the zoning commission. Also, your hours of operation may also be an issue if you are open early in the morning or late at night and you disturb your neighbors.

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