123 Employee – Things to Take Note When Considering Outsourcing Solutions

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Often underfunded and understaffed, small and medium-sized businesses put in long hours to complete their daily tasks. However, some business owners would rather do all their business tasks than considering outsourcing solutions because of many reasons. But, what they don’t realize is that outsourcing can be a solution, especially there are time deficiencies.

You have to take note that time is very precious and time wasted can never be regained. Therefore, it is wise to have a company that you can depend on whenever you need help to do some of your tasks for your daily business operation. If you want your business to succeed, don’t limit it and try to consider outsourcing to provide the best for your clients. However, before you co

One of the things that you should do before considering outsourcing solutions is to make a research. There are various companies that can offer you the services you need. Unfortunately, only few would give your requirements. So, make sure to spend some time researching for the different outsourcing solutions and companies you can consider. Through this, you will be able to know if it is a good decision to outsource.

123 EmployeeOutsourcing is defined as delegating the key management areas, particular back office services to a certain company that provides services at affordable rates. Though outsourcing can be a good help for every business, this is not really suited for everyone.

Whether your company is small or big, there is a right time to consider outsourcing solutions. If you are just started in the industry, it would be wise not to consider outsourcing. The reason behind it is that you are just beginning to attract customers and your tasks are not that many. But, there are cases that outsourcing can be a great help for starters as there are companies that can provide you the services that would let you gain more customers.

There are also other things that you need to ask yourself. One of these is your budget. Can your afford it? How much money you have to consider outsourcing? Aside from budget, you also need to think about your skills in doing business tasks. Do you really need assistance or can you do the job on your own? Such questions will help you determine if outsourcing is best for your business, yet once you have decided to hire a company, 123 Employee is always a good choice.

Know About the Consequences of Not Having Public Liability Insurance Coverage

PamTen-Business-Process-Management-ServicesPublic liability insurance is an important insurance policy that protects your business during the time of adversities. Especially, if your business handles risky activities like construction, plumbing, etc., or if the public enters into your business premises like in retailing, then this insurance plan is a must have. Owing to the uncertainty of accidents and the huge costs of legal claims, your business may run into crisis if you are not properly guarded by the right insurance plan, i.e. public liability insurance.

This article gives you a little insight into the consequences your business might face, if you do not have public liability insurance coverage.

Financial burden: Depending on the damage or loss caused to the third-party, the amount claimed may vary. But the third parties generally sue the company for heavy amounts as small amounts do not matter for both company and the sufferers. These claims will add up to the company’s existing costs and become a financial burden to the company. Managing the finances between the company’s needs and legal claims is not wise as it halts the business operations.

Legal battles: Apart from the amount to be reimbursed, a company has to face legal battles which occur as a result of lawsuits filed against the business by the third parties. The legal costs and expenses are generally high. You need to deal legal authorities with utmost care. These legal battles are hectic. The time and effort required to fight these legal battles is also high. It diverts you from your core business. But if you have a public liability policy, the insurance company assists you and takes charge in fighting these legal battles till the case is closed, besides paying the legal expenses.

business-modelsChances of bankruptcy: Inability to pay the outstanding charges claimed by the third parties may lead the business to go bankrupt. Unless a business has outstanding capital, it cannot afford to pay these legal expenses. Moreover, you are needed to provide additional financial assistance in the form of medical aid as in case of accidents and repairing charges in case of property damage, besides paying the lump sum amount and the legal costs.

Investment at risk: In case your business is facing a third-party legal claim, and if you are in a position where you cannot pay the claimed amount instantly, then, the bank or the court gives permission to seize your various monetary investments or fixed assets such as land, furniture or machinery to cover the legal expenses and the claimed amount.

Lack of mental peace: With the all the above issues, you will surely lose mental peace. These legal claims not only eat away the business’ time and effort but in some cases may ruin the business’ existence. Legal claims should be dealt instantly; any delay will only aggravate the tension and loss.

A good business will always be prepared for the future crisis. Having a public liability insurance policy is a wise decision. It provides timely financial help to pay the claimed amount and the legal costs without putting the business at stake.

How to Go Public Fast – Take Your Company Public Easily and at Minimal Cost

virtual-businessThere are many ways to use capital without using bank loans, lines of credit and other shady methods like shelf corps and bogus platform scams. If you are truly trying to raise capital for your company here are some simple breakdowns of your options with a quick definition for each one:

ï,¾ PIPE: Private Investment In Public Equity this is used primarily by mutual funds and private investment firms where they buy discount stock in order to raise capital, there are two types of PIPEs traditional where common and preferred stock is issued at a set cap to raise money for the issuer and a structured pipe issues convertible debt.

– DPO: Direct Public Offering is when you sell equity shares directly to customers, suppliers and employees.

– PPM: Private Placement Memorandum is also known as an offering memorandum takes advantage of Regulation D rule exemptions 504, 505 and 506. This process came into existence with the 1933 securities act and popularized in the late 1980s, companies can raise money from the public via private placement; there is virtually zero interaction with the SEC after you file form d as long as you stay legal. (most popular form of fund raising)

– IPO: Initial Public Offering: extremely expensive, need SOX 404 audits, must have board of directors, quarterly financial reports to shareholders, report heavily to the SEC and 1 out of every 1000 companies that want an IPO actually qualify. I love participating in these but most companies just can’t qualify for one reason or the other.

– OTCBB: Over the Counter Bulletin Board is an electronic quote system that is the next best thing if you can’t go public via ipo, there is minimal red tape to startups and small businesses and is legitimized by the stringent ongoing reports to the SEC which keeps investor confidence high (these are extremely solid and I suggest this structure to companies when I am hired by their company or legal team as a consultant as a fast, easy way to raise big capital from the public otc)

Business leader- Pink Sheet: you can look at pink sheets as the Burger King, while the OTCBB is McDonald’s, they are competing OTC mechanisms. Pinks sheets are commonly referred to as penny stock and notorious for ‘pump em’ and dump em’ controversies and a lot of crooked people are involved with this platform. This is not a long term process that will allow one’s company to grow, pink sheets companies are typically short lived but it is cheap to set up but not a professional structure that could be upgraded in time to an IPO.

– Reverse Merger: a group funds the filing and creation of a public shell, they then sell that shell to a company that wants to go public, the established company merges it’s entity into the public shell. The sellers retain around 30% equity after they charge an upfront fee of 300k to 1m. 99% of reverse mergers are successful with the merger, but unsuccessful to bring them to trade and the entity basically just fizzles out.

Taking your company public is actually quite simple and inexpensive when you have the right consultant putting the structure together for you. There are countless ways to raise capital quickly and easily. It’s important that you understand your options before you waste time entering into the red tape infested banking system for a loan.