Commercial Asset Finance Leasing Solution

Commercial Asset Finance Leasing Solution

Asset finance is a boon to small and medium enterprises as it saves them precious working capital and helps them to improve their cash flow by letting them lease/hire expensive business critical assets rather than buying them outright.

In general asset finance is available through two routes - hire purchase and leasing. Under a hire purchase arrangement, the ownership gets transferred to the customer at the end of the hiring period while in a leasing arrangement the customer must return the equipment back to the leasing company.

In both the options, the customers must pay an agreed monthly or quarterly rental for the length of hiring/leasing period. In this article we will talk about leasing and its various aspects.

This non-transferring of the ownership is the fundamental characteristic of the lease arrangement. During the period of lease, the customer pays monthly or quarterly (or whatever is agreed) to the leasing company. This rental payout is deductible from income in some cases (except for a finance lease).

There are various types of leasing:

Finance Leasing


This comes closest to the hire purchase option of asset financing with one major difference - the ownership of the asset doesn’t get transferred to the business customer at any point of leasing period.

In this arrangement the customer pays the full cost of the equipment, plus the charges in the form of lease rentals over the period of the lease. The customer also gets to bear risks and enjoy benefits usually associated with the ownership without actually owning the asset - he must bear the maintenance and insurance cost of the asset and will have to treat the asset as a capital asset in the balance sheet.

At the end of the lease term, usually the asset in question is re-leased to the customer at much reduced payments or is sold second-hand to an unrelated third party.

Operating Leasing


While the term for a finance lease is long, an operating leasing is usually resorted to if the need of equipment is for a shorter period. Here the full cost of the equipment is not recovered and at the end of the lease term, usually the equipment is leased to some other customer or is sold second-hand.

This type of lease is fairly common for cars and construction equipment for whom there is a mature and ready second-hand market. The usual period is of two to three years or longer, but always short of the working life of the asset. The leased asset would not go in the balance sheet as part of capital assets. Rather the lease expenses will be treated as deductible expenses in the income statement.

Contract Hire


This is a variation of an operating lease and is mostly used for vehicles. With this option the customer gets the chance to use the new asset without bearing the risks associated with ownership. Here leasing companies agree to bear some part of the management and maintenance expenses. You need to work out full details with the leasing company.

Small Business Loan Information - Small Business Loans Are a Real Business Boon

Small Business Loan Information - Small Business Loans Are a Real Business Boon

If you want to start a business or keep a somewhat faltering business afloat, a small business loan  may be just the business help that you need. You may want to seek out business management counselling firm on the internet to explore all of the options such as business debt consolidation or business debt settlement that are tools often used to deal with business debt that is rapidly becoming overwhelming. However, another option may to obtain a small business loan  at a good rate, that will allow the payoff of other existing business debts that may be at a higher interest rate, or, worse yet, becoming delinquent.



There are many lenders who offer small business loans and lines of credit up to $175,000.00 to qualified businesses with good credit ratings. Another very strong small business loan lender is the U.S. Small Business Administration, which specializes in providing small business loans to stimulate the business community. This independent agency has been servicing the business community since 1953, and it is dedicated to stimulating business growth in America.

It offers a number of products that are designed to aid small businesses but the most frequently used is the loan guarantee, wherein the agency is not the actual lender but it offers a guarantee to the lender which enables the business to obtain the loan it needs. The SBA programs specifically try to aid woman and minority entrepreneurs in establishing businesses.

The SBA offers small business loans and also offers small business grants that are awarded in response to a grant proposal written by the small business operator. These products are awarded without a requirement for repayment. However, if the business does not qualify for one of these grants, there are plenty of small business loan packages that will fit the needs. To apply for a small business loan you will need to have E.I.N. or Employee Identification Number and a Certificate of Limited Partnership. You will need a copy of the business plan and you will need to list each and every existing creditor, in addition to the accounts receivable. For a small business loan you will have to demonstrate that the business is basically solvent and that the incoming cash flow is sufficient to repay to loan without tapping the business assets, For example, if your own the retail space in which the business is located, it cannot be sold in order to raise the necessary funds to repay the loan.

A small business loan may be an alternative to a form of debt consolidation or other debt management product. It can be used to pay off existing debts or at least pay down the debts to reduce the amount of interest owed and ultimately paid. However, taking out a small business loan will mean that the business is assuming a new debt. It will be to the benefit of any business person to confer with a debt management consultant prior to taking out a small business loan. Speaking with a trained business debt management consultant about the business debts can allow the business owner to put them into perspective. Additionally, the business debt consultant will be able to educate the business owner regarding the many various options to deal with business debt. This will make the individual aware of all of the options and in a good place to make an informed decision regarding taking out a small business loan or making use of any other business debt remedy.

Once all of the options are explored with a business debt management consultant, it may be that a small business loan is the best product to cure the existing business debt or to allow the business to grow.

Check these links to learn more:

http://www.curadebt.com/about.asp
http://www.curadebt.com/settlement/business-debt-negotiation/business-debt-settlement-negotiation.asp

Easy Yoga Moves for Beginners: Basic Poses

Easy Yoga Moves for Beginners: Basic Poses

America’s taken to yoga like never before. Yoga has become the hottest thing today. There are countless people who have benefited from yoga. No wonder everyone right from Hollywood celebrities to judges, senators everyone has taken to yoga. The very principle of yoga is to look at the body inside out. It aims to create a union between the mind, body and soul. It aims to give a holistic view of the problems in the body. There are many who have claimed to have gained peace with oneself after practicing yoga.

However, it can be a daunting task for those looking to begin practice yoga. The funny names given to the different poses (or asana as they are called) help you to stretch and tone muscles while relaxing the mind and the body. With yoga, you tune your body to come out of the fight or flight response and respond by relaxing.

Easy Yoga Moves for Beginners

However this is not an easy task, especially when the mind, body and soul are trained to respond either by fight or flight. Yoga is more of surrender than struggle. For those learning the basics, here are a few moves for you to go through. Mind you these are just a brief description of the different moves and they should always be performed under the guidance of a yoga guru (master).

Basic yoga for beginners can be classified under different groups based on convenience. For those looking for relaxation, you could try the

    * Shava Asana (also called as the corpse position) – This pose, relaxes the mind and body. To perform this asana you need to lie in a supine position and keep both the legs apart from each other, similar to a corpse. This asana is very good t rejuvenate your mind.
    * Bal Asana (also called as child’s pose) – This asana derives its source from the way a child sleeps -carefree. It is ideal to take rest and relax your body.
    * Yoga Nidra (or conscious deep sleep) – This is an asana where you get to enjoy the benefits of deep sleep even when your mind is operating. It is extremely rejuvenating and manages to awaken your subconscious mind.

Yoga postures for meditation:

    * Padma Asana (Lotus Pose) – In this pose, the body takes the shape of a lotus, and is the ideal pose for meditation. However this could be a little difficult to beginners, and for those who are inflexible. But with practice, it is quite easy and effective.
    * Vajra Asana (or diamond pose) – Vajra also means thunderbolt in Sanskrit and effective practice of this asana is believed to make the body stronger and harder like the thunderbolt.
    * Sukh Asana (also called easy pose)-As the name says, such asana is mean to be comfortable and is the best pose that can be easily done by everybody.

Among asana’s that are practiced by standing are Kona Asana, Trikona asana and Tada asana.

Remember whatever the asana that you perform, they’re to be performed at least 3 hours after your meals. One or two hours before sunrise are the best time to perform yoga. These poses should be performed on the hard floor, with a yoga mat or rug for support.

Best 10 Ways to Establish Accountability in Your Organization

Best 10 Ways to Establish Accountability in Your Organization

In the world of business, achieving high performance is difficult without accountability throughout the organization. Contrary to popular belief, accountability is not intended to generate fear by blaming people for making mistakes. Rather, accountability means that people are truly committed to helping each other be successful by keeping promises and agreements.



Simply put, when B is non-existent in an organization, communications break down, assigning blame becomes the norm, and non-performers are virtually ignored. However, these situations can be prevented in an environment of accountability, even with company downsizing or rightsizing initiatives. In addition, improving morale, maximizing operating performance, and increasing profitability is more attainable in an accountable organization. Here are 10 ways to create an environment of accountability in your organization.

1. Set Clear Expectations

By setting clear performance expectations and goals that are mutually agreed upon, you will reduce any confusion and misinterpretations. For the most part, expectations need to be documented, rather than verbalized to eliminate any opinions about non-performance.

2. Share Information

Accurate, frequent and factual information needs to be shared on an on-going basis. By keeping your people informed, prevents any miscues or people getting blindsided. Sadly, some businesses put their people on a “need to know basis” which only hinders performance and de-motivates the people.

3. Deal with Conflict

Undoubtedly, conflict will arise requiring it to be dealt with promptly and directly with the person or persons involved. Utilizing this approach is more effective than sidebar conversations deciding who is right or wrong, assessing blame, or even avoiding the situation entirely.

4. Address Non-Performers

Without question, people need to be told that poor performance is unacceptable and corrective action, including follow-up, needs to be implemented. Allowing people to perform poorly, without addressing the situation, will eventually infect hard-working top performers. Consequently, everyone loses by carrying a poor performer, including the individual.

5. Measure Results

Not surprisingly, it would be very difficult to know who was winning an athletic game if there was no scoreboard. In the same manner, measuring the results of individuals and teams, in order to let them know how they are doing is critical. As a result, this will make people aware of their successes and any necessary change in direction.

6. Focus on Processes

For better results, focus more on processes and procedures, rather than the behavior of the people. If you want to change or influence behavior, it is usually easier to change or modify the process. More often than not, the process is the root cause—not the people.

7. Coach More

Provide guidance to individuals that need to make a change, but don’t necessarily know the process to do so. These individuals differ from non-performers, since they have the desire and willingness to change. So often, people that are struggling are left to fend for themselves, because people are either too busy, or just not interested in helping them.

8.Be Proactive

Take a proactive approach in developing people and continuously improving systems. By doing so, increases the strength and capability of the organization for long term needs. In contrast, operating reactively as a normal course of business can cause chaos and mental drain that can dilute accountability throughout the organization..

9. Be Open and Honest

Share your feelings with the people by letting them know that you care about them and that you appreciate their contributions. After all, the people in the organization are the value-adders and should not have to guess about where they stand. Besides, at a minimum, this will reduce any myths or rumors that can erode morale.

10. Follow-Up on Commitments

Make sure that you follow-up on your promises to ensure consistency and, more importantly, people can rely on your word. Too many unkept promises are one of the surest ways to derail an accountable organization. However, if a promise can’t be delivered, than it is critical to let people know as soon as possible.