Business Turnaround Services Can Help Your Project and Lower Costs

Summary: When you are struggling to avoid high expenses and make a profit with your business it may be wise to consider looking into a business turnaround service to help get your business back on track.

A good deal of work goes into operating a business. Rough economic times may make it difficult to operate profitably. Companies may have periods that are more profitable than others, but there are other signs that hint  that it is time for the business to undergo a turnaround. Looking at such factors as cash flow, business growth, the state of the industry in which your business operates, and employee turnover rates can provide you with a good understanding of how healthy your business is.

A Clear Roadmap

A business turnaround service is a formal and professional process that can provide some clarity on how to improve the state of your business. Rather than trying to diagnose the problems yourself, it can be beneficial to reach out for the input of an external party. A business turnaround consultant could help outline how to improve operations in three simple steps:

  1. Stabilize the company’s cash flow to help calm the situation down.
  2. Go through a series of inspections and tests to determine the roots of the problems. Next steps will be tailored to fit the specific underlying issues. This typically includes laying out a financial forecast and a roadmap on how to improve the business.
  3. Help the company actually implement the steps they must take to turn the business around.

Experts Know What’s Best

A benefit to using a business turnaround service is that the consultants who will assist you in handling your company’s issues have experience with investigating businesses and diagnosing their problems, accordingly. No two businesses are run the exact same way, but a specialist may be able to use their knowledge on what has worked for other companies, either in the same or a different industry, to make yours profitable again.

Blog submitted by Lyle Charles: Lyle Charles is a construction industry expert that provides construction & turnaround services. Visit him online for more information.

Why More Merchants are Offering Split Payments

Customers who shop online will expect to pay with almost any tender they choose, and that includes split payments. Split payments allow customers to pay from more than one source, such as a digital wallet and credit card. With split payments, you allow customers to pay how they want.

Speed

In order to make split payments as fast and efficient as possible, it may be helpful to let customers save their payment information to your website via an account. This way, at the checkout, customers will be able to select which credit cards and digital wallets they want to use to pay their bill and complete the transaction.

If their account is secured by a password, and you follow proper security protocols, you can substantially reduce the risks that come with hacking.

More Business

Customers might be really motivated to buy something, but their credit card or bank account limit might be standing in their way. Allowing split payments is an alternative to get past this problem. Customers can apply tender using cash they do have on hand. Using more than one card also allows someone to help pay for something they plan to give to someone else (such as parents buying an expensive toy for a child).

Saving Cash

Depending on the payment processor you work with, you’ll end up saving money over time allowing for split payments. This is all thanks to variable rates, which allow for some cards to cost less to process than others. Accepting digital wallets is another method to reduce fees you pay to send and receive money online.

Submitted by Charge.com. Charge.com offers a low cost guarantee and no contract to help businesses acquire payment processing online and in store.

Real Estate: An Opportunity to Profit or Fail?

Summary: Taking real estate property and flipping it into a gain can be a significantly difficult task. Fortunately, there are ways that you can do this without immediately going into bankruptcy.

The real estate market is a fantastic opportunity to bring in significant wealth. While it isn’t easy, due to a fair amount of competition, it can be worth it in the long run. Here are some tips that will guide you on the right track to successfully managing and investing in real estate.

Your Credit Report Plays a Major Role

You’re more than likely going to have to borrow a significant amount of money to purchase real estate. So, be sure to check your credit report before you begin investing in real estate. If you have problems on your report that are mistakes, get those resolved as quickly as you can. Any marks on your report are looked at by the lender and it may affect your chances of obtaining the loan. If you have problems that are legitimate, you may want to ease off on the investment for now and work on building your credit back up.

Simply put, banks aren’t going to lend you money for a property that isn’t your primary residence as easily as they will for your own home. This is why having a glimmering credit score is an important factor that’s often overlooked.

Implement the One Percent Rule

If you’re planning on buying property that will be for one or more tenants use the 1% rule which will decide whether or not the property is worth the asking price. Simply stated, the rule is that an income producing property must produce 1% of the price you pay for it every month. If you’re looking to buy a property for $300,000, then your monthly rental income should be the $300,000 multiplied by 1% which equals $3,000. This is a good rule of thumb for starters and it also assists in profit margins.


Bio: Omar Amanat is an American entrepreneur and a shareholder of the popular Twilight Saga.

A brief look at billionaire Len Blavatnik businesses

Written by Access Industries

Len Blavatnik is one of the richest people on earth, with a net worth of $16.7 Billion to his name. Blavatnik who is known as a self-made billionaire has investments in chemicals, real estate, and entertainment.

Blavatnik started his journey in Moscow and attended the University of Railway Engineering until his family immigrated to the US in 1978. He then went on to earn his master’s degree in Computer Science from Columbia University and an MBA from Harvard Business School. Here is a brief look at the billionaire’s businesses.

Access Industries – Founded in 1986, this privately owned company is involved in Russian investments, natural resources, chemicals and recently moved into Blavatnik media, telecommunications, technology, e-commerce, and real estate.

Tory Burch – Blavatnik’s company branched out into fashion by investing in the upscale fashion accessory brand: Tory Burch.

Warner Music – The billionaire worked his way into Hollywood by purchasing Warner Music Group for $3.3 billion. He also acquired Atlantic, Warner Bros. Records, Rhino, and Warner Music Nashville.

Access Entertainment – Blavatnik recently teamed with Hollywood talent manager Sarah Stennett to create a company that focuses on talent, brand development, representation of recording artists and songwriters.

Although Blavatnik is a billionaire, he is also known as a global philanthropist. The Blavatnik Family Foundation supports the Metropolitan Museum of Art, the National Gallery of Art, the Royal Academy of Arts, and Colel Chabad. Apart from these charities, Blavatnik family foundation is also known for the Blavanik awards that help key graduates in science and technology.

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Len Blavatnik needs no introduction. The Balavatnik billionaire is the man at the top of Access Industries and is a world-renowned philanthropist.

 

Wall St. set to extend record run as ‘Trump trade’ rekindles

The three main U.S. stock indexes closed at record highs on Thursday and Friday as optimism about the economy rose after President Donald Trump vowed to make a major tax announcement in the next few weeks. The S&P 500 has surged 8.3 percent since Trump's Nov. 8 election, fueled by expectations he will lower corporate taxes, reduce regulations and increase infrastructure spending. The rally had stalled amid concerns over Trump's protectionist stance and lack of clarity on policy reforms.

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Wall St. set to extend record run as ‘Trump trade’ rekindles

Allergan to buy Zeltiq Aesthetics for about $2.48 billion

(Reuters) – Allergan Plc on Monday said it would buy Zeltiq Aesthetics Inc for about $2.48 billion to gain access to its flagship body contouring technology.

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Allergan to buy Zeltiq Aesthetics for about $2.48 billion

Boeing, machinists face off over union at South Carolina plant

NEW YORK/NORTH CHARLESTON, S.C. (Reuters) – Boeing Co faces its first union vote on Wednesday at its aircraft factory in South Carolina, a high-profile test for organized labor in the nation's most strongly anti-union state. The world's largest planemaker is running a hardball campaign against the International Association of Machinists and Aerospace Workers (IAM), which is trying to organize about 3,000 workers at one of two plants where Boeing makes 787 Dreamliners. The other, in Washington state, has long been unionized by the IAM.

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Boeing, machinists face off over union at South Carolina plant

Citing Trump and Brexit, EU sees euro zone economy risk, sharp drop in UK growth

The European Commission said on Monday that uncertainty about U.S. policies, Brexit and elections in Germany and France would take their toll on the euro zone economy this year. It forecast euro zone economic growth to lose some speed this year before rebounding in 2018. The British economy will nearly halve its expansion by 2018, the European Union executive said in a broad series of economic forecasts.

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Citing Trump and Brexit, EU sees euro zone economy risk, sharp drop in UK growth

U.S. trial set over bitcoin exchange linked to JPMorgan hack probe

A Florida software engineer and a New Jersey pastor are expected on Monday to face trial in a case stemming from an investigation into a bitcoin exchange and a data breach at JPMorgan Chase & Co . Jury selection is set to begin in Manhattan federal court in the case of Yuri Lebedev, who authorities call the architect of bitcoin exchange Coin.mx's electronic platform, and Trevon Gross, a pastor and ex-chairman of a now-defunct credit union.

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U.S. trial set over bitcoin exchange linked to JPMorgan hack probe

Samsung chief appears for second round of questions in graft probe

Samsung Group leader Jay Y. Lee appeared at the South Korean special prosecutor's office for questioning on Monday as part of a wider investigation into an influence-peddling scandal that could topple President Park Geun-hye. The special prosecutor has focused on South Korea's biggest conglomerate, accusing Lee in his capacity as Samsung chief of pledging 43 billion won ($37.31 million) to a business and organizations backed by Park's friend, Choi Soon-sil, in exchange for support for a 2015 merger of two Samsung companies. Park, Lee, Choi, and Samsung Group [SAGR.UL] have all denied bribery accusations.

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Samsung chief appears for second round of questions in graft probe