If you are involved in a car accident, you are likely in legal trouble. You may be wondering: Am I to blame? Who should pay for property damage caused by the accident? Am I entitled to a rental car? Who pays the medical expenses? Will my insurance company reimburse me for lost wages? An experienced personal injury attorney can help negotiate these issues and the chaos of insurance claims and settlements.

Without proper representation, you could find yourself on the wrong side of the law or face civil penalties even if you are not at fault for the accident.

Car accidents and fender crashes occur regularly throughout the United States. According to the National Highway Traffic Safety Commission, there were 5,419,000 motor vehicle traffic accidents reported by police in 2012. In 2010, 1,542,000 accidents caused injuries and 3,847,000 caused property damage alone.

As you can see from those statistics, every day from Anchorage, Alaska to Portland, Maine, there are numerous traffic accidents.

To protect yourself in the very likely event that you are involved in one of these accidents, you should consult an experienced car accident attorney to ensure that you are not unfairly punished and that you receive adequate compensation. The laws and regulations surrounding traffic accidents are too broad to rely on a general practice attorney. An experienced attorney can help defend you when you are entitled to items such as payment for lost wages, compensation for injuries, and property damage. A car accident attorney can also defend himself against charges and accusations if the other party goes on the offensive.

Determining who is to blame is not always clear. An attorney who specializes in this field can help you tip the balance in your favor when it comes to competing insurance companies or attorneys. Being able to get around the paperwork and obstacles that insurance companies or other involved third parties may put in front of you is critical to achieving a fair outcome. It is not recommended to leave this to a non-specialist.

A serious accident could lead to litigation lasting weeks or even months. To avoid unnecessary time and expense, invest in an experienced car accident attorney and know that you have been given a fair chance.

Hiring a personal injury attorney to represent you after a serious car accident puts a professional on your side, one who is very knowledgeable about the rules of procedure and relevant laws that may affect your case. And what may be the most important reason for hiring a knowledgeable attorney about the law is that it evens the playing field, especially when faced with the resources and experience of a large insurance company.

Do you know that there is a subtle difference between the terms “update” and “update”?

In the technical world, most people tend to use these words interchangeably, but it is not the correct way. Both terms are as different from each other as butter or cheese. But sadly, very few people know. Do you remember when was the last time you didn’t confuse the two terms while talking to your support provider? What if the company does the same and provides an update instead of an update or vice versa? That is why you must know the exact meaning of both terms to avoid such mishaps.

What do you mean by an update?

An update is a particular patch or bug fix that is often available for free with the software package. Add some additional functionality to the existing hardware or software component to improve its effectiveness. You can get updates from the web or from your online support provider if you do not know how to use the web for an update. Generally, when a particular update is available for specific software, Windows will notify you. You can easily download and install the available update that will add some additional functionality to the software or hardware component.

Updates are easy to find and easier to download and install to keep your system up to date. However, the updates do not change the characteristics of the particular software and only provide an additional boost to improve its effectiveness.

When do you need an update?

You can opt for a software update at any time from the Internet. Simply go to the website of the particular software and click on the “Free Update” section to view the details of the available updates and download the one that is convenient for you. Windows provides free updates to its users from time to time to improve the efficiency of your system. You can also schedule your system to automatically check for updates in case you forget to do so.

What is an update and when do you need it?

When an existing version of a particular hardware or software product is replaced with a new, new version of the same product, it is known as an upgrade for that particular product. For example, let’s say you are using software called XYZ Pro 1.6 with limited functions and features. You are not satisfied and call your Windows support provider for an effective solution. Either they will recommend that you install free updates for that particular software or ask you to purchase a completely new version of the existing software with more features and facilities to make you feel satisfied. If you choose the second option, you will be “upgrading” and not “upgrading” your software, say to XYZ Pro 2.0 version.

Similarly, if your operating system is not up to your satisfaction level, you can upgrade it with the help of your service provider or a trusted online technical support company on the web. Regardless of which way you choose to improve the efficiency of your system, you must remember that while updates are mostly available free of charge, you must pay the service provider to update your system or a particular software package.

Several reputed companies offer effective online technical assistance to their clients and clients. You can call them at the toll-free number provided on their websites to request an upgrade or upgrade your system. Again, be careful about using the two terms as they are different and not interchangeable.

Since the last decade, online jobs are growing rapidly and many people are making money from these online jobs. The main advantage of these jobs is flexibility. You can work anytime they put to work. For those people who want to be free from the office and want to start their own business to earn some income while working from home. There are so many freelance jobs available on different internet sites and all you need is a little computer and internet knowledge. And there are so many options in freelance jobs on the internet.

Here are some of the important freelance jobs on the internet:

Web design is the best freelance job among all other jobs. You can design websites from home to small business owner always and look for people to build websites for them. For that website, someone needs graphics and animation work. If you have very good knowledge of graphic design for a website, you will get a freelance graphic designer job. Many small business owners and merchants are looking for an accountant online to help them on their books and on their taxes for the year. If you have the ability to host corporate events and special occasions, this freelance event planner job is right for you. Freelance planners can eliminate the tedious planning work for those who have a little time to do it themselves.

If you are familiar with languages, the job of freelance translators or interpreters is the best of all jobs. Some business owners are looking for people who can do some customer service and even transcription work. Do you have the ability to write for different types of jobs like articles, resumes and editing, and then the freelance writing job will give you a great income? You can earn income from your home. Website owners are looking for people to do search engine optimization. If you have a familiar knowledge of social media marketing and article directories, then the job will be yours. There are so many auction and bidding sites available on the internet. These website owners are always looking for people to support the administration. You need to do jobs like email management and many more.

And there are still so many freelance jobs available on the internet, the jobs mentioned above are the best and selected by various people. Today, there are so many websites offering these jobs from their websites. All you need for a little internet search and take advantage of these opportunities in these days of crisis.

These days, most experts will advise you to create a business plan before you decide to take the risks associated with starting a business. A laundromat is typically a bit more complicated than other small business models, making the need for research, planning, and clear direction even more essential for entrepreneurs entering the coin-operated laundry industry.

A laundry business plan will help you prove to yourself that your ideas are viable. With a plan in place, you will be able to set clear goals and chart a path to achieve them in an organized manner. A solid business plan can become essential if you have to show it to financiers or investors before you get the start-up funds you need. Lastly, it will help you be more realistic and ask yourself some tough questions about your ideas.

In this article, we have established an example of a laundromat business plan design. We have set out some examples of titles and content that you might consider using. Feel free to use it as a template as you come up with your own plan.

Presentation letter

Your plan should be arranged in a binder with a cover that describes what the report is about and who contributed to it. Your plan is likely to be read by many different parties, so you may consider attaching a cover letter to each that specifically addresses the reader, highlighting the concerns you will have.

Content page

If the plan has more than a couple of pages, it must include a table of contents. This includes a list of all titles and subtitles along with a page reference so that the reader can quickly locate the information.

Executive Summary

An executive summary is a simple introduction to the report. Give the reader a brief introduction to your business plan and summarize each section of the plan.

Mission status

While not essential, some companies like to establish a mission statement that describes their business purpose or philosophy. It generally covers non-financial reasons. In the case of a laundromat, you could say that you are striving to provide the best service to your customers or that you want to provide a clean, safe, and efficient way for them to do their laundry. Your mission should be to do your best for the customer and to be better than your competitors.

Bottom

Provide readers with general information about yourself and anyone else who is involved in the proposed laundromat. Readers may want to know what your qualifications are and if you have had any experience in business or in the coin laundry industry.

Provide background on the local coin laundry industry so readers better understand the opportunities available.

If your planning has been in progress for a while, you may want to update the reader on where you are. If you are considering purchasing an existing laundromat, you will also want to summarize the history of the business in this section.

business description

Provide readers with a basic overview of the proposed coin laundry business. When will your new unit open? Where will it be found? Will you have an on-site laundry attendant all day or only part-time?

Goals and goals

Establish a list of realistic goals that you want to achieve with the company in the first year or two. These goals could be financial and related to gross or net monthly earnings. They could also be related to other metrics, such as the number of members or customer satisfaction rates. Thinking longer term, you can also set goals to expand to new locations.

Startup requirements

Before you can launch your new laundry business, you need to know exactly what you are going to need and how much it will cost. The costs will include everything from purchasing equipment, renovations, and marketing along with professional fees and compliance costs.

Once you’ve listed everything, you can calculate the total startup cost. From here you can mention some of the options you have to finance the laundry. Mention how much you will be able to contribute yourself and how much external funding you will need.

Products and services

Review the services you plan to offer to clients. In addition to a basic machine laundry service with washers and dryers, it can also offer more exclusive services such as ironing or dry cleaning. Write down the products that will be sold on site. Obviously, you will sell laundry related products like soap powder and fabric softener, but you can also offer unrelated products like coffee and soft drinks.

Market analysis

As a prerequisite for writing a plan, you should have done at least a little market research in the area where you intend to open your coin launderette. You can present your findings in this section of the plan.

In your research, you should try to find out if there is sufficient demand for a laundromat in the area in question, and if so, exactly what kinds of services people want within this target market.

You should also consider the competition you have in the local area. Create a map that shows the catchment area for your customers, keeping in mind that customers will generally go to the laundromat that is the most convenient for them to get to. Look at the strengths and weaknesses of your competitors. Will it be possible to remove customers from the area of ​​influence of the competitor’s laundries? Can you make your service much more attractive than theirs?

Marketing plan

Set up a plan to attract new customers to your laundry and turn them into repeat customers. The marketing component of your plan should cover everything from your branding, pricing, advertising, other marketing methods, and customer service.

Remember that in the laundry business you will depend on building long-term relationships with regular customers. Not only should you focus on attracting new customers, but you should also focus on satisfying and “overdelivering” your existing customer base. If you retain your customers and please them, you will also benefit from referrals and “word of mouth.”

Business operations

Establish a plan for the daily operation of your laundry. Make a note of the equipment you will have in place and how the water and power demands will be met. Mention how you plan to maintain the machines.

Analyze your daily staffing needs. What role will you, as the owner, play in the day-to-day running of the laundry? How many employees will you need and what will your responsibilities be?

What other systems will you have to ensure that the laundry runs smoothly on a daily basis and that you can monitor and manage the business efficiently? Will you have a computer system to keep track of stocks and cash flows? What about a security system?

Financial analysis

Last but most importantly, a solid business plan will include detailed financial forecasts over a two to three year period. This data is best displayed in spreadsheets so you can set up a column for each month. Some companies include more than one spreadsheet to allow for different scenarios. You might consider including one as the best case scenario and others that show revenue is growing at a slower rate than expected.

Try to identify a breakeven point where the business would basically run without making a profit, but without losing money at the same time. Then you will have an idea of ​​the volume of clients you will have to target. To calculate the breakeven point, you must assume an average customer spend per visit and then calculate the number of customer visits required on a monthly basis.

If you are borrowing money to start the business, you should also include a payment schedule to show how quickly the loan will be repaid.

Appendix

Many assumptions are made in business plans, so it is important to be able to give reasons for why you made those assumptions. Instead of guessing, you should try to include data to support your theories. Include an appendix at the end of your plan that includes all the supporting materials that do not fit conveniently on the pages of the report. These could include maps, images, spreadsheets, tables, and lists of references and sources, to name just a few examples.

One of the most effective ways for property managers and energy engineers to improve the energy efficiency of a building envelope is to install window film. Window film makes glass more energy efficient, at a much more affordable cost than new windows or other glazing improvements.

Of course, there are a wide variety of energy efficiency upgrades to choose from, from solar photovoltaic systems to building insulation. One of the best ways, from a financial perspective, to evaluate a particular energy saving technology is to determine the payback period.

The estimated recovery calculation is an excellent decision-making tool for evaluating competing energy-saving technologies. It’s pretty basic: it indicates how quickly the money spent is paid back.

How to calculate recovery

There are several ways to calculate the ROI for your energy improvements, from the simplest to the relatively complex. The main difference between them is the assumptions built into the calculations. Adding assumptions and variables makes calculations more complex, but sometimes an accurate estimate is necessary. The two most useful ways to determine the payback period …

1. Simple amortization

2. Cash flow analysis

Both methods provide a reasonable estimate of return on investment without becoming overly complex.

Simple payback analysis

The main benefit of simple payback analysis is that it is simple and provides useful information at the same time. To calculate simple payback, simply divide the cost of the upgrade by the estimated savings to get the payback period. For example, if you spend $ 500 to install energy-saving measures that save $ 150 / year, the payback is a little over three years, $ 500 / $ 150 = 3.33. The energy savings after this period is pure profit.

Of course, this omits many variables that can affect the actual savings made. Variables such as maintenance costs, energy cost increases, and inflation are not taken into account, but the method has the advantage of being quick, simple, and easy to understand.

Cash flow analysis

Cash flow analysis is the next step in terms of complexity. By taking more variables into account – things like maintenance, energy cost increases, and inflation – cash flow analysis provides a more realistic picture of payback, especially when these costs are high. This type of analysis is best done with a spreadsheet program to simplify calculations.

To determine the return on investment using the cash flow analysis, the initial cost of the improvement is combined with the estimated maintenance costs, including an estimate of any increase in costs over the expected useful life of the improvement, as well as with an estimate of energy cost increases over the same period.

For example, when examining the costs associated with replacing an HVAC system with a newer, more energy efficient system, it would not be enough to use a simple recovery, as HVAC systems involve regular maintenance that is necessary to guarantee life. useful of the system. Because maintenance is critical and subject to cost increases over time, this should be factored into the payback calculation to provide a true picture of potential savings, or lack thereof.

Now let’s look at an example using window film, an energy efficiency improvement that has virtually no associated maintenance costs. Assume a window film installation that requires an investment of $ 385,000 that generates annual savings of $ 168,000. With a simple payback equivalent to 2.29 years and virtually no maintenance costs, there are very few things that significantly impact the payback period. Energy costs will increase over the life of the window film, but they will tend to decrease the payback period, as the savings achieved will be greater than the initial estimate.

When it comes to maintenance, the window film does not require any, but its lifetime will require replacement due to damaged window film and for updates associated with tenant improvements. The cost of these replacements should never exceed 0.5% – 1% of the total number of windows in a building. Again, the impact of this on the savings made is negligible.

Here is a story that will illustrate the practicality of using these two methods to calculate the payback period versus other more complex methods.

A bag of gold was placed on a table in a room. Two people, an engineer and a scientist, were told to enter the room and try to get the gold. The only rule was that each time they moved towards the gold, they could only travel half the remaining distance between themselves and the gold. The scientist decided to leave, declaring that “if you can only get close to half the remaining distance, you will never get there. It is impossible.” The engineer, on the other hand, just took two steps, said, “Close enough for an engineering approach,” grabbed the gold and left.

The payback calculations look a lot like the example from history. You can make more and more refinements and assumptions, but in the end most of the time you can determine a viable recovery using the simple recovery method, which can be done on the back of an envelope. However, if you can, and especially when there are large variable costs, use the cash flow analysis method to include some of these costs.

The conclusion

We live in a world of financial constraints, requiring sound financial reasoning to make a particular investment, so we need to do some basic math to make sure we were smart about how we spent our money. For maximum efficiency and effectiveness, the focus should be on investments that offer rapid payback, which can usually be adequately determined with the simple payback method or, when maintenance costs are high, with cash flow analysis. a little more complex. Both methods are useful tools for the power manager.

Ads can be found in various forms and in various places. One of those ways is print advertising. The ads in this encompass those that are printed on some type of paper that is handled by the potential audience. Offers that are mailed or published in newsletters are well explained in the history of print advertising. Let’s review this article to learn more about the history of print advertising.

In fact, print media is the oldest type of advertising that has a long history. This advertising strategy began in 1468 during the days of William Caxton when he promoted a book that had its first print ad.

After which, in 1704, Joseph Campbell went on to include advertisements in the Boston Newsletter. In fact, this was a great idea as people began to be well informed about certain people and products. In the period of 1833, Benjamin Day printed his book “New York Sun”, which was a combination of advertising vehicle and news. Following this, the ‘Edward Book of Ladies Home Journal’ created a magazine ad code during 1910. From this period, print advertising began to evolve with more designs seeking attention and glamor. Generally considered advertising has had several significant events in the past, but the history of print advertising has overtaken it.

Print ads are effective only if people see them. When people look at various posts, they tend to receive new details and become more observant about the things that interest them.

This form of advertising aims to attract more and more people to your services and products, as they read or scan publications. These ads are commonly seen in magazines, newsletters, and newspapers. This type of advertising requires a lot of planning, which is often done by a group of people.

Some people are employed in this field to create the best ideologies to attract attention and inspire more and more people to shell out money.

When we take a look at the history of print media advertising, we get these concepts:

It takes a group of people to create ideas that are then developed into a concept.

Several others are involved in locating these concepts appropriately, as this factor allows them to earn more money.

Lastly, print media advertising becomes an important part of any publication’s revenue. Banners are also a type of print advertising that ranges from postcards to white paper the size of a note. So now you would have understood the history of print advertising.

Of all health and environmental issues, food safety demands the most urgent attention from authorities when regulations are found to have been violated. Recently in China, there have been several food safety scandals that have resulted in huge financial losses and damage to the reputation of the country and its food export sector. The climax came in July 2007 when it was announced that the former head of the State Food and Drug Administration, Zheng Xiaoyu, took bribes in exchange for issuing state food safety licenses. He was later executed in accordance with China’s tough official stance on corruption. Before this, there were a number of scandals related to the food sector. Jinhua ham was found to have been treated with a poisonous pesticide prior to sale (2003); the production of counterfeit baby food that caused the death of around 80 babies and hundreds of cases of severe malnutrition in 2004; and most recently, in 2008, the contaminated baby formula produced by the Sanlu Group caused the onset of kidney disease with many victims.

The fact that the State Food and Drug Administration of China (established in 2003 to take control of food safety issues) was itself the target of a corruption investigation has led to a resurgence in the adoption of audited standards. by third parties for food safety in the country. country. Foreign importers from China do not trust Chinese national standards and require exporters to adhere to international standards such as ISO 22000 inspected by global certification bodies. Similar incidents have occurred in Japan, most notably with the Snow Brand dairy company, which was found to have falsified food safety records in the wake of a tainted dairy scandal in 2002.

Most nations have a government authority to manage these problems from production to sale to consumers. They advise on national legislation and provide food safety requirements for products imported and produced in the country. These include the UK Food Standards Authority, the US Food and Drug Administration, as well as the China State Food and Drug Administration. At EU level, the European Food Safety Authority (EFSA) conducts food safety risk assessments in cooperation with national governments and provides independent advice and communication on current and emerging risks.

The HACCP (Hazard Analysis and Critical Control Point) guidelines published by the Food and Agriculture Organization of the United Nations are a fundamental part of the important food safety standard being developed by the International Organization for Standardization (ISO), ISO 22000. There are seven HACCP principles that must be followed. These dictate that food producers must conduct a pre-production hazard analysis to identify and address biological, chemical or physical problems that make food unsafe for human consumption; establish good security surveillance systems; and implement comprehensive documentation procedures. The application of HACCP principles and procedures is mandatory in the US for food products including meat, juices, and seafood, and is generally applied elsewhere as the basis for third-party food safety certification.

As the examples from China show, food safety certification is absolutely critical for food retail and international trade. Without it, producers and suppliers cannot sell their products. There is significant reputational and business risk associated with the way in which certification is obtained and it is advisable to obtain certification against recognized standards issued by reputable third party certification bodies.

Launched in 2005, ISO 22000 is already one of the best recognized international food safety standards. Provides food safety management systems for any organization, regardless of size, involved in any aspect of the food chain. To meet the standard, an organization must demonstrate its ability to effectively control food safety hazards to ensure that food is safe for human consumption. It incorporates the HACCP principles described above.

Before the ISO standard, the BRC (British Rail Consortium) global standard for food safety was established and trusted by major global retailers to deliver effective supply chain management and legal compliance. The Global Standard is part of a group of product safety standards, which together enable certification of the entire food supply chain, and was the first standard in the world to be approved by the Global Food Safety Initiative (GSFI). .

Formerly called EurepGAP, GLOBALGAP establishes voluntary ‘pre-farm’ standards for the certification of agricultural products and Good Agricultural Practices. The standards are awarded by approved third-party certification bodies in more than 75 countries. GLOBALGAP is a business-to-business label and is therefore not directly relevant to consumers.

Other leading standards, more on the ethical side of food production, are the Food Alliance Certification and the US-based SQF Certification.The Food Alliance Certification is awarded to sustainable food products from North America covering topics such as the humane treatment of animals and the exclusion of hormones, non-therapeutic antibiotics, transgenic crops or livestock and certain pesticides, as well as the protection of soil and water on the farm / ranch. level.

SQF (Safe Quality Food) certification is awarded by licensed certifiers globally and provides independent certification that a supplier’s food safety and quality management system complies with national and international food safety standards. SQF certifications have been awarded to thousands of companies operating in Asia-Pacific, Europe, the Middle East, and North and South America.

Voice Over IP, also known as Voice Over IP, is a telecommunications technology that allows communication calls to be made over the network. Voice conversations are transmitted as a collection of data packets in this field.

VOIP has changed the fabric of telecommunications as it is practically replacing TDM-backed phones, while at the same time providing great benefits for local and business consumers.

People often start using VOIP to restrict communication costs.

Voice Over IP includes mobility, unified messaging, or presence-related communication functionality.

Not forgetting that VOIP has immense benefits including high mobility and presence-related communication possibilities.

The problem arises how IPv6 is better than the existing IPv4

The obvious reason to switch to IPv6 is that IPv4 is running out of addresses

The other benefit of IPv6 is that with IPv6 each machine can be assigned a specific IP address.

Quality of service

However, because VOIP uses IPv4, it has various quality issues like latency, jitter, and reverb, etc. The reason is clear; IPv4 has no internal QoS. That is why the moment there is a packet failure or outage due to overcrowding in the system, there is a degradation in quality.

By comparison, Internet Protocol version 6 addresses these issues by establishing a set of requirements to provide performance guarantees while traffic is transporting.

IPv6 classifies and marks IP packets to ensure a proven VOIP infrastructure. With the help of this technique, the network can indicate packets or traffic flows and then assign certain parameters within the packet headers to group them together. To implement QoS classification, IPv6 provides a traffic class field (8 bits) in the Internet Protocol version 6 header.

P2P and voice over IP

Skype, for example, which is one of the favorite VOIP services, uses P2P technology. Peer-to-peer is a model in which each party has similar capabilities and either party can initiate a communication call.

With Internet Protocol version 6, service providers like Skype can boast better quality conversations.

Voice over IP in IPv6 and free international calls

With improved QoS in IPv6, telcos have started to shift their focus to bringing larger progressive services to the world. What may have been difficult to achieve from a technical perspective until now and did not seem like an efficient business model has changed.

TrueFreecalls is one of those products, which although amateur in its form, provides what seems like the incoming revolution in VOIP. They provide free international calls to individual destinations everywhere. The user initiates a call to a local contact through which he initiates the global call, so he is only charged for making a local phone call.

This only seems to be the beginning, as the implementation of IPv6 continues globally, we can wait for more and more services to appear.

Cabala is a very famous store that caters to people who love the outdoors. Before you think about starting a retail store, you should consider these things.

1. Is there a need for a Cabela franchise in your local community? You don’t want to open a retail franchise in an area where it won’t be profitable. You should go out and interview people and see if they know what kind of merchandise they are carrying and if they would buy in the story that you are thinking of starting. Market research is crucial to knowing where to think about starting a Cabela retail franchise.

2. Assess your knowledge of Cabela products. You should have prior knowledge of the products you will be selling before thinking of starting a retail store. Here are some of the products your franchise would carry: archery gear, hunting gear, ATV accessories, camping gear, shooting gear, hunting dog accessories, clothing, fishing gear, and boating gear.

3. Compile a list of states that do not have Cabela’s if one of their retail franchises is not needed in your area. This would require moving to another state, but if you are really serious about your idea, then it is worth the sacrifice in the long run. Here are examples of non-franchise states: Tennessee, Virginia, North Carolina, South Carolina, Alaska, New Mexico, New Hampshire, and Oregon. All of these states have consumers who might need a retail franchise in their state because many people love the outdoors. Many people who love the outdoors don’t want to order everything they need online, they want to be able to see and touch the items they need before buying.

4. Assess your financial situation. To start a franchise, you need startup capital, and usually that requires a business loan. You need to know if you have enough credit to secure a business loan. You should also examine how this franchise would affect your home finances.

5. Look for potential investors or partners to help you finance your franchise. This will help ease some of the financial burden on you. It also helps if you can’t get a business loan large enough to provide you with the necessary starting capital.

6. Before applying for a business loan, see how much it will cost to start a full franchise in your chosen location. This will allow you to budget appropriately and request the correct amount of money from the bank.

Cabela’s has been around since 1961. The company is even listed on the New York Stock Exchange and in 2006 sent more than 135 million catalogs to consumers. In the second quarter of 2008, its total revenue was $ 526 million, representing an increase of 16.6%. If you decide to start a retail franchise and find the perfect location, the necessary start-up capital, and knowledgeable and skilled employees, then you have a recipe for a profitable business. And remember, the franchise is the best kept secret of the 21st century!

Here is a list of my business and accounting courses in college:

1.

2.

3.

I was an education (teaching) specialist so I didn’t get anything in the financial statements “FS”. When I started out as a bail bond underwriting apprentice, I realized that I had no idea what a balance sheet was, but I learned.

If your first reaction when looking at an FS is “Duh”, we’ll fix it right now. Keep reading! This will be a view from 30,000 feet. Big picture.

To be complete, each financial statement must include As minimum:

1) Balance sheet

2) Profit and loss statement

The balance sheet

This document is a one-day snapshot of the company’s funds (Assets) and who owns them (Liabilities). Assets and liabilities have an equal “balance” because each dollar of the company is shown from two points of view: the asset and who owns it, the liability.

The Balance has Three important parts that we can review initially. Let’s identify them based on their functionality.

Current Assets – This line item is a subtotal near the middle of the Assets column. Represent those assets easily convertible into cash within the next fiscal year (as accounts receivable).

Current liabilities: they are located near the middle of the Liabilities column, they are debts that owe paid out in the next fiscal year (as Accounts Payable).

Total Stockholders’ Equity, also known as Net Worth – Usually the last subsection near the bottom of the Liabilities column. This is the net worth of the company that would remain if they closed and liquidated everything.

The profit and loss statement

This is a historical summary of all money received (Sales, also known as Income) and money spent (Expenses) during the previous period, usually one year. At the bottom of the column is net profit, which is the money the business “earned” during the year after paying all related bills and taxes.

Now that you can pick a couple of strategic numbers in any FS, what are we going to do with them?

Calculate the working capital

This is a primary measure of financial strength used by all analysts, including guarantors, banks, and other creditors. It is found by subtracting Current Liabilities from Current Assets. It is an indicator of the expected cash flow in the next year.

The sniff test

Here’s a quick simplified evidence to use when considering a particular offer or performance bond. The evaluation is carried out based on expectations contract (no deposit) amount. This is an instant indication of the adequacy of finances with respect to the next project.

First part: the target amount of working capital is 15% of the contract amount. For example, if the contract amount is $ 1,000,000, the guarantors expect to see a Working Capital of at least $ 150,000.

Part Two: The target amount of net worth is 20% of the contract amount or around $ 200,000 in our example.

Certainly, there is more to underwriting bonds than this simple analysis. However, by using this method, you can get a quick idea of ​​whether the financial statement easily supports the bond or it can be a tranche. If your analysis reveals negative numbers, which are shown in parentheses in financial reports, it is obviously a bad sign.

Also note that applicants who do not meet these can still qualify for bonuses based on other factors, and the reverse is also true. The surety subscription requires many factors in consideration. In this article we are offering a very simplified version of the process although it is valid as a quick review. This procedure will allow you to conduct a quick financial assessment and relate it to the next surety exposure.

Summary

This article does not make you a bonus subscriber, but now when you get a new FS instead of “Duh!” you can say “Let me analyze this!”

Running one more quick scan the sniff test it will indicate the probability of obtaining surety support. You learned a lot in three minutes, but when you have a link that fails the crawl test, that’s where our experience and market access come into play. Call us!