The Importance Of Having An Event Calendar Software



One of the most important virtues for any business is being organized. This is because an organized business is usually able to complete various tasks on time and also able to know which activities to do at what time. A business which is not organized usually face challenges such as tasks overlapping and various tasks not being completed on time.

For a business to be properly organized the people running the business who are business professionals such as CEO’s must understand the importance of being organized and also the right ways of being organized. Among the most useful and ideal ways of being organized is using an event calendar software. This software can be online based and it can play a major role in increasing organization and productivity of a business.

The ideal event calendar software usually helps businesses in reminding the business professionals and indeed the entire work force of a business on the upcoming events and what will be needed to effectively complete those events. This means that an effective calendar will help the people running a business be well prepared for the upcoming events. Visit eCal Inc to learn more.

As a result, all the requirements of a certain event will be in place by the time the event starts. This is important because it makes it easier to delegate duties and also reduces time wastage. When everything is in place, people
implementing the event will be adequately prepared both mentally and physically and therefore they will be able to perform better consequently increasing productivity.

A good event calendar is also helpful because it facilitates time management. This is because the business professionals are able to stipulate the time that will be required to complete the different events. As a result, enough time will be set for various events and therefore there will be no time wastage resulting to too much time being set for events which would have been completed within a shorter time.

It will also not be necessary to complete various events in a hurry since there will be enough time to complete them within the set time. Furthermore, various events will not overlap since each event will be completed before the next one starts. This means even the work force of a business using this software will be able to perform optimally consequently enhancing productivity.

Using the right event calendar software also plays a major role in letting the business professionals be able to know the events which are yet to e completed and these that have already been completed. This is especially where a business has to implement various events simultaneously. The professional can put emphasis on the events that are taking longer than anticipated so as to ensure they are completed effectively. This will ensure that all events of a business are completed effectively and therefore the organization of the business is properly enhanced.

Most business event calendars can also be synchronized to be used even on the mobile devices. This means that business professionals can be able to monitor the running of their businesses even when they are not physically present. This allows the professionals to organize their businesses properly regardless of whether they are present or not.

As a result, running of the business in an organized and productive manner does not have to stop just because the business professionals are not present. Therefore, business professionals can readily keep their businesses organized and productive by using the right event calendar software.

Insurance for Your Business

The importance of insurance cannot be over-emphasized and neither can the danger of paying for insurance you don’t need. It is strongly recommended you solicit the advice of an in-dependent business insurance agent. Don’t forget to SHOP! Talk to three or four independent agents and compare notes and prices. An insurance agent will lay out a vast array of insurance coverage much of which you simply may not need. Your situation will be unique and you must consider each insurance element carefully to ensure comprehensive coverage.

Whatever your final insurance program looks like, you should review it at least every six months. Your business can change rapidly, especially in the first few years and insurance needs change with it. Keep your program up to date by calling in your agent and reviewing your coverage. Make changes where necessary.

LIABILITY INSURANCE

This is probably the most important element of your insurance program. Liability insurance provides protection from potential
losses resulting from injury or damage to others or their property. Just recall some of the big cash awards you have read about that have resulted from lawsuits concerning liability of one kind or another and you will understand the importance of this insurance. Your insurance agent can describe the various types of liability insurance coverage that are available. If you will end up with a comprehensive general policy, make certain that the general policy does not include items you don’t need. Pay for only the insurance you need. For example, your business may not need product liability insurance.

Do not confuse business liability coverage with your personal liability coverage, both of which you need. Your personal coverage will not cover a business-generated liability. Check to be certain.

Compare the costs of different levels of coverage. In some cases a $2 million policy costs only slightly more than a $1 million policy. This economy of scale is true with most forms of insurance coverage. That is, after a certain value, additional insurance becomes very economical.

KEY PERSON INSURANCE

This type of insurance is particularly important for the sole proprietorship or partnership where the loss of one person through illness, accident, or death may render the business inoperative or severely limit its operations. This insurance, although not inexpensive, can provide protection for this situation. Key person insurance might also be necessary for others involved in your business.

SGC was a small firm run by three partners, a software programmer, marketer, and a general manager. Their product was a complex computer program used by aerospace firms. Al, the programmer, was involved in a severe automobile accident, became totally disabled, and SGC lost their programming capability. The problem was that the computer program written by Al was essentially the company’s sole product. Modifications to accommodate the customer became impossible and the time to bring another programmer up to speed was excessive. SGC lost considerable business as a result of this situation. These losses could have been offset by key person insurance.

DISABILITY INSURANCE

You, as a business owner, should be covered by disability insurance whether or not you decide on key person insurance. This insurance, along with business-interruption insurance, described below, will help ensure your business will continue to operate in the unfortunate situation where you are unable to work. Your disability insurance policy needs to provide satisfactory coverage. Particular attention should be paid to the definition of “disability,” delay time until payments start, when coverage terminates, and adjustments for inflation.

FIRE INSURANCE

Fire insurance, like all insurance is complicated and you should understand what IS and IS NOT covered. For example, a typical fire insurance policy covers the loss of contents but does not cover your losses from the fact that you may be out of business for 2-months while your facility is rebuilt. Fire insurance is mandatory whether you’re working out of a home office or you have a separate facility. You should discuss a comprehensive policy with your agent. Take the time to understand the details. For example, will the contents be insured for their replacement value or for actual value at the time of loss?

Consider a co-insurance clause that will reduce the policy cost considerably. This means that the insurance carrier will require you to carry insurance equal to some percentage of the value of your property. (Usually around 85%.) With this type of clause it is very important that you review coverage frequently so you always meet the minimum percentage required. If this minimum is not met, a loss will not be paid no matter what its value.

If you are working out of your home, your existing homeowner’s policy may not cover business property. If this is the case, have your insurance agent to add a home-office rider to your policy.

AUTOMOBILE INSURANCE

You probably already have automobile insurance but it might not include business use of your vehicle. Make sure that it does.

WORKER’S COMPENSATION INSURANCE

If you make the decision to hire employees, you will be required, in most states, to cover them under worker’s compensation. The cost of this insurance varies widely and depends on the kind of work being performed and your accident history. It is important that you properly classify your employees to secure the lowest insurance rates. Work closely with your insurance agent.

BUSINESS INTERRUPTION INSURANCE

This protects against loss of revenue as the result of property damage. This insurance would be used, for instance, if you could not operate your business during the time repairs were being made as a result of a fire or in the event of the loss of a key supplier. The coverage can pay for salaries, taxes, and lost profits.

CREDIT INSURANCE

This will pay for unusual losses as the result of nonpayment of accounts receivables above a certain threshold. As with all policies, you must thoroughly understand the details so discuss it with your insurance agent. One of the largest providers of this coverage is American Credit Indemnity, Baltimore, MD. (800) 879 1224.

BURGLARY/ROBBERY/THEFT INSURANCE

Comprehensive policies are available that protect against loss from these perils, including by your own employees. Make certain you understand what is excluded from coverage.

RENT INSURANCE

This policy covers the cost of rent for other facilities in the event your property becomes damaged to the extent that operations cannot continue in your normal location.

DISABILITY INSURANCE

This insurance will pay you an amount each month slightly less than your current salary in the event you become disabled and are unable to work. Cost for this coverage varies considerably depending on your profession, salary level, how quickly benefits start, and when they end. Benefits paid are tax-free only if you, not your company, pay the premiums.

This list could be continued since it is possible to purchase insurance for just about any peril you can imagine … if you can pay the premium! When considering your insurance coverage, use the following checklist:

INSURANCE COVERAGE CHECKLIST:

o Can you afford the loss?

o What coverage is required by Federal, state, or local law?

o What SPECIFIC items are covered by the policy?

o Are items to be insured for their replacement cost or original value?

o What SPECIFIC items are EXCLUDED by the policy?

o If there is a co-insurance clause, do you have adequate coverage?

o Have you chosen deductibles wisely in order to minimize costs?

o Do any of the policies you are considering duplicate or overlap one another?

o Do you need any insurance based on location, e.g., flood, earthquake?

Use the following checklist to review your insurance plans:

INSURANCE PLAN CHECKLIST:

o Employ an independent insurance agent rather than going to individual insurance companies. Ensure the agent shops for your insurance.

o Talk to and get quotations from at least THREE agents and pick the best one for you.

o Use money saving comprehensive policies, if possible.

o Perform periodic (every 6-months) reviews of your insurance program.

o Have business assets professionally appraised to determine coverage needs.

o Ensure existing personal insurance coverage includes business-related activities and add riders as necessary or obtain additional coverage.

Life Insurance – Does It Work? Shouldn’t The Real Question Be How Does It Work For You?

There are those who wonder about life insurance-does it work? Similarly, others question if whole life insurance worth it. Others ponder about universal life insurance-does it work? Still others ask about term life insurance-does it work?

I will answer all the questions with more questions: What do you mean does it work or is it worth it? Shouldn’t the real question be do they work for you, if so how, and if not, why not?

Shall we have a look?

Life insurance-does it work?

Let’s start with the basics:

All life insurance offers a tax-free death benefit
The owner of a life insurance policy decides who gets the death benefit
The person or entity that receives the death benefit is called a beneficiary
The main purpose of a death benefit is to protect the beneficiary from financial hardship
It is not death insurance
Cost is based primarily on a person’s health and age in that order
Not everyone qualifies
There will only be one claim per policy per person-we are all going to die someday
There are two main types: Temporary and permanent

Is there anyone in your life who would suffer a financial loss when you die? Does it make sense that when you die there will be enough money to pay your final expenses, such as burial, medical bills, and debts? Does it make sense that when you die, especially if it’s unexpected and untimely that your family, loved ones, and/or business have enough money to carry on?

If you answer yes to any of the above questions, life insurance probably works for you.

Is whole life insurance worth it?

Again I will answer with questions.

Do you want:

To be insured the rest of your life?
Your insurance premiums (what you pay) to be fixed and never increase?
To be able to enjoy living benefits (cash value) as well as the death benefit?
The amount of the cash value to be guaranteed and know exactly what it’s worth?
To be able to sell the policy back to the company for its cash value?
To be able to have access to the cash value any time you want or need it?

If you answered yes to any of the above questions, whole life may be a good fit for you.

Are there ways to earn better return on your money? There absolutely is.

What concerns you more, the return OF your money or the return ON your money?

How important is permanent protection to you?

How important is the word guarantee to you?

Universal life insurance-does it work?

More questions for you to ask yourself:

Are you willing to take some risk that the cash value may not perform as planned?
Do you want the flexibility of being able to manipulate the amount of your premiums?
Are you OK with the fact there are more moving parts in UL than whole life (WL)?
Do you want permanent insurance that you can purchase at a lower initial premium than WL?

If you answered yes to ALL the above questions and you want to be insured for the rest of your life, you may want to consider UL as an alternative to WL.

There are several kinds of UL. As long as you understand how it works, it can be a great tool to assist in long-term financial planning.

Both WL and UL can be very effective tools to supplement retirement planning, college planning, or as a supplemental employee benefit.

Term life insurance-does it work?

You guessed it. More questions:

Did you know the word term is similar to the word lease?
Did you know term insurance is the equivalent to renting your insurance?
Do you want to be insured temporarily for a specified period of time?
Are you willing to pay the higher premiums (sometimes exponentially higher) when the term expires?
Do you want only a death benefit?
Are you OK with knowing you will probably outlive your term?
Did you know that less than 5% of all term policies never pay a death benefit because of the above?
Is immediate cost of insurance your main concern?

If the answer to all the above questions is yes, a term policy may be what is best for you.

Similar to a lease-with-option to buy, some (not all) insurance companies offer the ability to convert from a term policy to a permanent (WL or UL) policy at a later date.

Last but not least

Did you know you can own more than one policy? Perhaps all the different kinds mentioned could work for you.

How much insurance do you need? To be adequately and fully insured, a guideline is to be insured for 10-15 times your annual income.

What will your budget allow? Start with that then decide how much of a death benefit you need, then decide if it’s whole life insurance, universal life insurance, or term life insurance that is best for your situation. Don’t forget. You don’t have to pick just one.

How often should you review your situation? It’s probably best to review at least once a year.

Are you and your family, loved ones, or business protected against financial hardship regardless of if you die too soon or live too long?

Do you have a guarantee you’ll still be here tomorrow?

If not, what are you waiting for?

Avoid These 10 Mistakes If You’re Going to File Bankruptcy

1. CONSOLIDATING MY DEBT IS BETTER THAN FILING BANKRUPTCY.

In theory, consolidating seems like a good and viable option. However, in practice, consolidation rarely works out, and experience shows that in the long run, people don’t save money but in fact it ends up costing them more.

2. DON’T WAIT UNTIL YOUR BROKE BEFORE CALLING AN ATTORNEY.

If you aren’t going to be able to catch up on all your bills and get ahead, you are wasting your money. Filing bankruptcy will get rid of all your debt. There is no point paying bills that will be wiped out anyway. Save your money to pay the fees of filing anyway, that will much cheaper than paying bills you can’t afford to pay.

3. BANKRUPTCY WILL RUIN MY CREDIT.

Really??? If you are unable to pay your bills, your credit probably already stinks. Filing bankruptcy is not going to make your bad credit any worse. To the contrary, by filing your credit will begin to rebound if you’re smart about building it after you file. Bankruptcy is a way to fix your credit and debt problems, it did not cause them.

4. DON’T PAY OFF YOUR PARENTS AND FRIENDS BEFORE YOU FILE.

Now I know what your thinking, it sounds wrong, but by not paying your family and friends you are actually saving them from a big headache and problems. In bankruptcy, the trustee (the person overseeing your case) can go after your parents and friends and take the money you have paid them to pay that money to other creditors. Your family and friends won’t be happy if you get them involved in a legal proceeding because you paid them.

5. DON’T PAY OFF YOUR CAR LOANS BEFORE YOU FILE A BANKRUPTCY.

By having a lien on your car, you protect the car in the bankruptcy. The trustee is trying to find any asset (like your car) you own that may be used to pay back your creditors. The loan on your car usually makes that option not viable and the trustee likely will not pursue the sale of the car.

6. DON’T TRY TO HIDE ANYTHING, DISCLOSE EVERYTHING YOU OWN.

Failing to list any property you own can potentially lead to criminal action against you for bankruptcy fraud and make it so you lose your discharge (the thing that wipes out all your debt) in bankruptcy. Plus, its like the trustee is magic, he usually ends up finding out about everything, it’s just not worth it considering the penatly you face if you’re caught lying.

7. DON’T PUT YOUR MONEY IN SOMEONE ELSES ACCOUNT OR GIVE THEM YOUR PROPERTY.

In the list of the worst things you can do when filing this may be 1(b) coming in just behind the one we just talked about. The trustee could very likely go take the money and property back. This goes for any transfer within a year of filing. Like number 6 above if you do this you risk not being able to have your debt forgiven.

8. DON’T LIQUIDATE YOUR RETIREMENT ACCOUNTS.

Your retirements are protected, by liquidating them you take them from being a protected asset to a general asset than the trustee can come after to pay debt with. You are still going to need retire someday so save if for what it’s there for.

9. FILING BANKRUPTCY DOESN’T MAKE YOU IMMORAL OR A BAD PERSON.

Look, this isn’t meant to be a phylisophical or religious statement. If you’re broke, your number one responsibility should be to your family’s needs. The law allows people to file bankruptcy as a way of dealing with debt. The creditors use the law to help themselves in the same way through tax subsidies, charge offs and law suits. Whether or not this is a justification for filing it’s the reality, it’s you’re right to file.

10. I DON’T HAVE A TENTH BUT THOUGHT TEN SOUNDED BETTER THAN NINE.

Take time to think about your options, but not too much time. You’re wasting your money and stress on things that can be taken care of so easily.