“An emergency fund, especially in this transitory period where there is uncertainty in the market, can become the difference between financial survival and an unclimbable mountain of debt,” Mehta said. “As such, without an emergency fund, people are often left to rack up credit card debt when there is an unexpected occurrences.”
Mehta said he emphasizes with clients that an emergency fund should be six months of fixed costs — insurance, groceries, rent/mortgage, etc. While it may take time to build this emergency fund, many people fail to install this major step during their budgeting and financial plan. To address that, Mehta suggests clients make small automated monthly contributions to either a savings account or money market account to build the emergency fund.
Laurie Samay, a certified financial planner with Palisades Hudson Financial Group in Scarsdale, N.Y., said six months of living expenses is a good rule of thumb since it should give enough to fall back on if someone loses their job, decides to leave a job or experiences a health emergency.
Holiday shoppers have one fatal flaw in their budgeting plan: their kids.
In one particularly discouraging holiday survey of 1,000 parents by financial firm T. Rowe price, many parents say they’ve overextended their finances to pick up every item on their kids’ holiday wish lists. Even worse, 25% of parents have either taken from their 401(k)s or their emergency funds or taken a payday loan to cover holiday spending.
For some perspective on just how much money this ends up costing parents throughout the holiday season, the average amount spent on a child ages 8 to 14 was $422, with a median spend around $300. However, 34% of parents spent $500 or more on their 8 to 14 year old child. When 64% of parents say, “I spent more over the holidays than I should have,” they mean that their kid accounts for more than a third of the $935.58 that the National Retail Federation says parents plan to spend during the holiday season for everything from gifts to decor and holiday dinner.
No one wants to be a Scrooge. “Between our inclination to be generous during the holiday season and the blockbuster retail deals, playing Santa can be kryptonite for even the savviest budgeters,” says Marty Allenbaugh, a certified financial planner at T. Rowe Price, says, “But splurging a little shouldn’t turn into indulgence at the expense of financial well-being.”
In some cases, that’s exactly what’s happening. About 53% of parents say they “try to get everything on my kids’ lists, no matter how much it costs.” Meanwhile 58% of parents admit they “never stick to my holiday spending budget.” While that’s only less than ideal for the 68% of parents who save for the holidays throughout the year, it’s a disaster for the 25% of parents who have, at some point, pulled from either their retirement account (11%) or emergency fund (14%) or taken a payday loan (11%) to cover holiday spending. Just as bad: the 16% of parents who take more than six months to pay off credit card bills from holiday shopping.
Oracle Corp.’s biggest cloud-computing takeover is in peril, partly the result of an investment made by Larry Ellison 18 years ago in what was then a little-known startup.
That company became NetSuite Inc., the cloud-computing provider that Oracle is now trying to buy for $9 billion — and whose biggest outside shareholder opposes the deal. T. Rowe Price Group says Oracle isn’t paying enough and that the transaction is rife with conflict for Ellison, Oracle chairman and NetSuite’s biggest investor. “The inherent conflicts of interest between NetSuite, the Ellison entities and Oracle are daunting and may be impossible to manage,” T. Rowe Price recently lamented in a letter to Oracle.
Early startup investing by wealthy executives abounds in Silicon Valley, leaving boardrooms packed with possible conflicts and boosting the likelihood of disputes like the one threatening Oracle’s acquisition. The concern is that shareholders will end up on the wrong side of clubby deals or left in the dark altogether in cases where executives aren’t required to disclose holdings.
“The rise in angel investing — and investments by board members in venture-capital-funds — over the past 10 years has significantly increased the frequency of this type of potential conflict,” said David Lipkin, a lawyer at McDermott Will & Emery’s Silicon Valley office. Oracle declined to comment.
In 2013, the number of seed and angel rounds began topping 1,000 a quarter, up from about 400 in 2010, according to the National Venture Capital Association. A 2013 change in regulations led to the rise of angel-investing syndicates through organizations such as AngelList, helping drive seed investments to near 1,400 a quarter in the second half of 2014 and most of 2015.
To avoid the appearance of a conflict, some companies ask independent board members to review deals involving a company official, or they require directors or executives to recuse themselves from discussions of deals involving a company in which they have an interest.
Mapbox is a startup that helps developers build digital maps and whose early backers include DBL Partners managing partner Ira Ehrenpreis. He’s also a board member at Tesla.
Last year, Tesla agreed to pay Mapbox $5 million to work on a project for a year. Tesla said in a filing that Ehrenpreis avoided the negotiations and that he had no “direct or indirect material interest in” the transaction. Ehrenpreis didn’t respond to requests for comment, but Tesla said its policy “is to have any related-party transactions run through independent members of its audit committee before they get approved.”
Tesla has drawn fire for potential conflict involving its bid for SolarCity Corp. Tesla Chief Executive Officer Elon Musk is chairman of SolarCity, which is run by his cousin, Lyndon Rive. While Musk has said he will sit out board negotiations on the deal, six of seven Tesla directors are Musk insiders with SolarCity ties. That’s prompting some investors to push for a boardroom shake-up at Tesla.
Salesforce CEO Marc Benioff is a prolific angel investor, and the company has bought some of the firms he’s backed, including Quip and artificial intelligence startup MetaMind. “We have a strong governance process for our investment and M&A activity to avoid potential conflicts of interest,” said Salesforce’s John Somorjai, executive vice president of corporate development and Salesforce Ventures. Benioff wasn’t a shareholder in Quip at the time of the deal, and he was removed from the MetaMind discussions, Salesforce said.
For almost five years, Gregory Furlong worked 50-hour weeks as a shipping clerk at a Best Buy two miles from his childhood home in Wilmington, Delaware. It was a kind of employment purgatory for a computer obsessive who tinkers with motherboards in his free time.
So last year, Furlong, 30, enrolled in a three-month coding boot camp that uses HackerRank, a web platform that trains and grades people on writing computer code. After earning a top ranking for Java developers globally, Furlong was hired by JPMorgan Chase in December for its two-year technology training program.
This is Wall Street’s new tech meritocracy. Financial institutions traditionally coveted graduates from Stanford and other big-name schools and people already working in Silicon Valley. But that system tends to overlook good programmers from other schools or gifted dropouts, according to recruiters. And besides, banks need to fill so many programming jobs that elite schools can’t possibly pump out enough candidates.
So the industry is looking in places it never did, turning to outside firms to evaluate prospective programmers based on objective measurements, not their pedigree. The idea is that people lacking a computer science degree — art majors, graphic designers and chemistry graduates from the University of Delaware like Furlong — can still make the leap to well-paid careers in technology.
By using algorithms to spot talented coders, HackerRank and competitors with names like Codility claim they’ve essentially increased the world’s supply of developers.
“This is purely about skill,” said 28-year-old Vivek Ravisankar, a HackerRank co-founder who used to work for Amazon.com. “Most really good programmers learn on their own and just continue to build their skills. Probably the really good programmers are college dropouts.”
The service is part of a broader trend among U.S. corporations to bring data rigor into recruitment, instead of relying only on resumes and interviews. Those methods have been known to perpetuate biases and aren’t always predictive of on-the-job success. Goldman Sachs said in June it was overhauling the way it hires junior staff, using resume-screening software and replacing campus interviews with video submissions that are scored.
Managing an office requires patience, assertiveness and the ability to teach others without overwhelming them. An effective office manager knows how to inspire the staff. He or she provides the necessary instruction and guidance to get the job done yet gives employees enough independence to handle it on their own. Staff members realize their full potential with the right level of management and creative encouragement. Discover four reasons why strong office management matters when it comes to business success.
Accountability is Important
An office manager makes everyone feel accountable for his or her productivity. Staff members know the office manager will keep track of their progress on projects to ensure they are completed in a timely manner. Plus, accuracy is verified by the manager to yield the best possible results. Having a manager makes people feel compelled to do their best work so they are praised rather than criticized.
Teaching New Tasks
Whether a business is adopting updated policies and programs or hiring new staff members, the office manager provides the necessary training. Staff members have someone knowledgeable who can answer their questions along the way. As a result, projects go more smoothly because everyone has the training and feedback they need.
Setting a Positive Example
An office manager is also a positive example people can turn to when they feel frustrated. They can observe the behavior and attitude of the office manager to get back on track. Having a good example to follow brings out the best in your staff.
Halting Potential Problems
Problems are inevitable but they don’t have to reach disastrous proportions. An office manager detects minor issues before they become major problems. As a result, these problems are halted so the business can deliver the highest quality results to its valued clients.
Glowing Start helps businesses learn more about managing their staff, improving operations and getting the job done right. People often need guidance to get to the next level of success. Turn to this valuable resource for top notch advice that can help you turn your ordinary business operations into an extraordinary enterprise people want to choose first.
The Best Tips to Manage Personal Finance Matters
The biggest issue to be handled in as much as finance is in question is the issues of saving. People end up spending every single penny of the money they earn and this is actually the problem. The bills will be the reason why this people are working in the long run. After a working session people are actually paid differently. Just in case some earn the same amount they are likely going to spend it in totally different ways. Learning how to go about the money you make is the first thing that one needs to understand in as much as finance is in question.
Try as much as you can to build a cash reserve. Emergencies will not tell you and this will be the best way to prepare for them. Doing this will be the best way to ensure that whatever the situation you might be faced to force unknowingly you will have prepared for it well in advance. And this can be done in a number of ways. It all depends with whether you are alone or a couple. A six month’s advance of your salary is the best way to have this emergency matter taken down. The math goes down if you are in a couple saving situation since there will be two people three months will do the trick.
Dealing with debts is another serious thing that kills the finance management issues of different people. Finance plans are likely to crumble if you keep taking more and more debts. A lot of debts make you a poor person even if you have a lot of money in your account. Therefore, only begin to save if you have cleared all your debts. Debts could help sometime but as soon as they are no longer necessary do away with them. This is because the more you stay with debts the more likely they are to incur interests. The debtor will only be making more money from you when time passes.
After all this it is now time to make track of all the money you own. A big mistake you could make is assume you have a lot of money that you will not necessarily need to keep track of your money. This way you will either be overspending or wasting your money. The best way to spend your money is by planning and noting how you have used it at the end of the day. There are a number of small charges that you can avoid simply by looking at how your money is spent.
Investing is a good thing as you are likely to make more with time. You can either pursue what you wanted to do while growing or you could just do a search for the best investments possible.
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“To be honest, most people love getting a tax return check deposited into their bank accounts but loathe the idea of actually having to do their taxes. In many cases, this drives people through the doors of the large tax prep service chains. What they may not know is that we can usually prepare their taxes at a lower cost and with higher quality service. We go over our clients’ tax details with a fine-toothed comb, ensuring that we find every single credit and deduction they are owed so that they can get the maximum return on their investment,” said James L. Sexton of PJF Tax.
The PJF Tax staff is fully trained to prepare taxes, and clients can rest assured that every return is reviewed for accuracy before filing. At clients will be able to take advantage of the company’s online scheduler, which allows them to choose a convenient day and time to meet with the company’s owners to discuss the details of their tax situation. Those who need an estimate before scheduling a meeting can provide their staff with the appropriate details via phone or email.
As Sexton continued, “Simply put, we make our clients a priority. We know that they not only come to us to save them time and money, but that they use professional services hoping to get the largest return possible. If there’s a credit or deduction they can take advantage of, our clients can be confident that we’ll find it. Our team knows that taxes can have a huge impact on a person’s yearly financial picture, and we’ll do everything in our power to make sure they face no frustration when it comes to getting them in order.”
Those who would like to learn more about PJF Tax or schedule a meeting with one of their experienced professionals should visit for more information.
About PJF Tax:
PJF Tax was formed with the mission to provide exceptional, affordable tax expertise. Their team takes joy in preparing taxes and sets out to offer support and financial guidance so their clients can focus on life’s endeavors. Because taxes are only part of the financial picture, PJF Tax provides financial planning, investment, and wealth management advice. They realize taxes have an impact on everything their clients do, and they take a holistic approach to every one of their personal situations.
Great Deals from the New-age Order Processing Methods
Buying and selling method has progressed significantly as the years gone by. Years ago, products and items are done in the shopping centers and booths while handing out the money to the cashier as pieces are purchased. After a number of years, there is the term known as Point of Sale or POS system wherein here, items marketed in major stores are linked to a computer database. It is basically less complicated because the store will only utilize the barcodes, scan it, and the cost of items will be shown and computed. Well, it is actually one part of the POS system and still you may have to get to the shop for the actual business transaction. Nonetheless, the modern society offers a highly developed ordering and buying technique in the light of mobile order processing. This is possible because of the World Wide Web and is being used by a lot of businesses and clients all over the world.
For buyers, the major edge of mobile order processing is on ease and safety of purchasing. Contrary to the classic type of ordering or purchasing approaches where you have to personally visit stores just to obtain the items, web-based processing for item orders can be completed at anytime and anywhere. You may order goods from your residence, work area, or even while you are on travel. You can do away with the hassles of traffic and stress on the long queue to pay the items. Furthermore, other stores do not have price labels or the bar code readers are not conveniently accessible so you may have to inquire from the product sales staff for it, taking much of your time and strength. In addition, you may have to apply an excessive amount of energy to pick up weighty merchandises in a cart which will not be an issue on mobile order processing considering that you will only be given have a virtual ordering cart and can be done by just a click of the mouse or by the tip of your finger. In terms of safety, the client may not need to bring large amount money which is very risky for robbery and other forms of crime. Some excellent mobile processing techniques may also deliver a one-time security number through the cellular phone to verify that it is truly the card owner who is doing the buying action. Generally, everything that is required is an internet network, smartphone or tablet, bank account or credit card information, and the marketing platform or the shop’s site.
For company owners, the mobile credit card processing and other sorts of mobile ordering processes may mostly acquire advantages on its expenditures and the greater chance of elevated earnings.
With this method, the store may not require loads of workers to serve the buyer’s ordering requirements, consequently reduce the overall costs. In terms of gaining more profit, this can be due to this very attractive modern style of purchasing and satisfaction or convenience on ordering system.
Advantages of Mobile Order Processing for Small Businesses
The efficient management of all the sales and purchase orders is essential for the success of a small business. Hence, no matter if you are a retailer, restaurateur, or wholesaler you have to deal with all your inbound and outbound orders correctly so as to ensure a smooth flow of products in and out of the inventory. It is because of this that both small and large firms are using order management systems today to assist them with the process of creation, management, and closing of sales & purchase orders.
Additionally, with the increasing need for mobility, and escalating popularity of smartphones and tablets, the demand for robust order processing apps for Android and iOS devices has also increased. Here are some of the benefits of mobile order processing for small businesses.
Mobile-card readers provide merchants with the ability to enhance customer service and checkout speeds. Long lines can disincentive a lot of shoppers and may even result in customers leaving without their merchandise. To avert this, merchants can provide staff with mobile credit card processing tools to do away with long lines. Instead of having only one checkout station, staff can work all over the store so customers can buy items as soon as they’re all set to pay.
Moreover, this creates a one-to-one transaction that provides a higher opportunity for customer engagement and even up-sells. When shop assistants are armed with tablets, they can also draw information for customers and let them see more products that they might be interested in.
Assess Customer Trends and Inventory
A common challenge for small businesses is tracking inventory and customer preferences. Nevertheless, through mobile payment services, you can automate these processes to enhance the service to your customers. Small businesses using mobile payments can now monitor the product and services they are selling to better comprehend customer behavior. This implies that they do not just capture payment information, but they can learn more about their customers and make use of that information to provide better service.
Faster Return Processing
A lot of suppliers have return policies and, when the product happens to be damaged, they need to accept a return. Mobile order processing technology manages these returns and documents the reasons. It generates forms for the customer letting them know how to return the material and how to file the reasons for the return. Internally, it documents of corresponding credits and costs, and conveys the results to the accounting division.
In a lot of situations, the company can return the product to its suppliers or it can look into the reasons for the return and take proper measures. The employees can feed these actions into the order processing program, and they can access the data if the customer has more problems.
Credit Card Processing Machine – Things to Bear in Mind Before Buying One
Having a good credit card processing machine, is definitely important if you want your business to start receiving payments from your customers through these cards. As of this time, finding a supplier for these machines won’t be that difficult, but that doesn’t mean that you can simply choose any of the products in the market today and assume it will be great. So with that being said, below are a few important factors that you should take into consideration, if you want to have a more effective time picking a great machine for your business, then here are a few factors to consider.
First off, it is very important to make sure that you look for a machine that is of excellent quality before spending any money on them. You want to make sure that you pick a machine that is durable enough to stand the test of time, and that’s because it will make the money you invest, worth your while. After all, the performance of the machine will actually be affected by the overall quality that comes with it.
The second most important factor that you should carefully consider, is how reliable the machine is that has currently captured your interest. You really want to get your hands on a machine that will not break down easily, and that’s because it will ensure that it will not hinder your business’s operations. Also, you want to make sure that you find a reliable repair services for the machine that you want to buy, and that’s so you can have no problems having it repaired if it does break down.
Last but not the least, you should also take into consideration the overall affordability of the machines that you are interested in. When it comes to businesses, having a budget and sticking strictly with it is a very important move. To be on the safer side of things, compare the prices of the products but never neglect the quality that comes with each of them.
With all these things said, if you just take your time with your search for a credit card processing machine, then you won’t have that much problems. Sure, it will take some effort and time, but it will all be worth it in the end because you’ll get a great product that you can rely on and one that will not be a hindrance to your business. Most important of all though, if you spend enough time with your search and avoid rushing things, you will be able to avoid making fatal mistakes like missing out on important details that can lead to choosing a product that is mediocre or not really up to par with what you want to get.
What You Need To Know About Mobile Order Processing
You would not be able to use your credit card or debit card on a mobile phone before when purchasing items. Businesses would usually have to rely on stand alone terminals that would need landline so that your bank cards can be processed. Fast paced businesses would find this type of payment system an inconvenience. Businesses such as landscapers, cleaners, hair stylists, and other industries that get paid remotely are some examples.
Usually, a business would get the customer’s credit card number and key it in the credit card machine or they can also call it in so that the card can be processed. This is usually how they can process a transaction. This was considered risky due to the fact that it made the business vulnerable to internal credit card fraud. Charge backs are also increased in this system since the transaction won’t be final unless the credit card receipt would be signed at time of transaction. When a card is not there, keyed transactions would usually incur higher fees.
These type of transactions still occur today in lots of businesses that are still continuing to process bankcard payments in this fashion. When accepting credit card or debit card payments, businesses now have various options available to them.
Because of the wireless device industry, some companies can now allow your smartphone or tablet to turn into a mobile credit card acceptance portal. This can also be done without too much effort and also without any additional investment. Because of this type of innovation, mobile credit card processing is become more and more popular. Transactions through cards are now being accepted in a different way. You can lessen the risk of credit card fraud, charge backs, and additional keyed transaction costs through these kind of innovations.
The process works through a credit card processing mobile app. Once you fill up the merchant application form, you can then download the app and have secure log in credentials that is also allocated to the business bank account. A card reader can be connected to your mobile device, which you can also utilize when swiping the customer’s card. The transaction would then be completed once the mobile app would work with the credit card information.
The installation of the card reader and mobile reader processing app will allow the transactions to be completed. By swiping the credit card or debit card, you can now use it on your mobile. The customer would need to sign the touch screen, then have their receipt copy emailed to them.
This new trend of mobile credit card processing is beneficial for many reasons. You can now have an easy, cost efficient, and convenient way of making profits.
The Benefits of Using Mobile Credit Card Processing and Other Credit Card Processing
In processing your credit card payment, the credit card processing now gives you three ways to process. Mobile credit card processing, Processing through a wireless terminal and processing through an ecommerce merchant account are the three ways you can use in processing your credit card payment.
It is very important for you to read the following information if you are not yet that knowledgeable enough about the different features of these three ways of credit card processing. For you to be able to choose properly between these three, you must understand the different features and functions each have. In addition, you should also understand the different pros and cons of each credit card processing system have.
Before anything else, you need to know that the three ways have different charge requirements. If you are very particular with the fees you are paying, you should know the different charges of the three ways. In this way, you can be able to weigh the monthly charges you will pay and choose for the credit card processing that can give you a lower transactional rate.In knowing the different charges that these three ways of credit card processing can give you, you will be able to decide what credit card processing to choose. The only requirement for mobile credit card processing and e-processing is a monthly fee. But a wireless mode requires a monthly fee plus an access payment.
Apparently, the mobile processing includes the use of mobile phones, the ecommerce account includes the use of the internet and the wireless processing includes the use of wireless terminals.
The physical presence of the customer’s credit card is needed in the ecommerce processing and in the mobile credit card processing. While in the wireless processing, the customer’s credit card’s physical appearance is not highly needed. In every transaction, it is a mandatory that the consumer’s credit card needs to be swiped before the clerk processes his payments.
When it comes to security purpose, there is no doubt with these three credit card processing systems. Some people think that using a mobile credit card processing is not that secure because of the mobile applications that is updating it are not developed very well. Sometimes, they compare the security level of the mobile credit card processing with the security level of the ecommerce processing and with the wireless processing. But this is not always the case because these three credit card processing systems have actually the same level of security. Actually, mobile credit card processing is less popular among the three credit card processing systems not because it is less secured but because of the promoters and the advertisers it has. Even so, it is already becoming popular just like the other credit card processing.
Things to Know About Mobile Order Processing
One of the most fundamental equipment that can be exactly used by almost any person in this day and age to enhance their everyday life is a mobile device. And it is mainly due to the fact that a mobile device can basically be used for almost anything that can imagine, whether it is for gaming, communication, photography, business, videography and etc. There is definitely no other product that can match the capabilities of a mobile device, since it is not only highly capable of doing everything essential but it is also portable. Another amazing feature of a mobile device is that you are now able to buy stuff along with selling stuff yourself to the online community. The best part about buying online with the use of a mobile device is that it is easy and really simple to use, and that searching for the best shops and buyers is also relatively easy as well. And it is basically thanks to the mobile order processing application, that is why, we are mainly going to talk about that on this article itself.
A mobile order processing is by the way the operation and process that is involved in the picking, ordering, buying or selling of a kind of product, as well as the secure payment agreement on the online store with the use of a mobile device. The mobile order processing would not only put your order in queue, but they will also pick out in their information department whether the store will have the item that you want to order ready for shipping or not. Another function of the mobile order processing is that they will check whether the person who is trying to buy items in the store have certified payment methods in order to complete the transaction as well. And finally, if the mobile order processing saw some errors or discrepancy regarding the order procedure, it will not only kick out the person with the errors or discrepancy out of the queue but they will then move on to the next person in queue.
It is probably safe to say that almost every online stores that you can find in the internet in this day and age is currently making use of the mobile order processing functions to not only make their sales operation easy for themselves and their customers but safe for both parties as well. It is currently available to use almost any type of payment transaction method to either send or pay money through a mobile order processing, whether it is from your local to international banking or an online bank. And it is mainly because of the fact that mobile order processing applications have the functionality to possible process and transact credit card information by using a credit card reader. Which basically means that you can ideally take payments or conduct a sale almost anywhere in the planet, as long as you have a valid and certified credit card.
How to Get a Good Card Processing Company
It is good to note that if a business owner plans to accept credit and debit cards be it in person, online or via phone they will have to choose a card processing company to accept the cards. A study noted that firms that do not accept credit cards miss out on about seven thousand dollars in sales annually whereas another study done some years back noted that the number of credit card payments increased in popularity among young shoppers which is an indication that most businesses is adopting the use of credit and debit cards. Selecting a good credit card processing company is not as easy as it sounds and because it is a huge financial decision thus it is wise to compare the many merits and demerits of various companies before signing a contract.
The first thing to note is how much the fees and other costs are but in most common cases credit card processing fees can reach 5% on everything the business earns from both the debit and credit card sales, but some companies might charge less than others for the same product and service level. There are many credit card processing fees such as interchange fees, monthly statement fees, application and setup fees, monthly minimum fees, monthly gateway access fee and early termination fee.
It is vital to state that interchange fees are fees that are charged for every transaction that the person processes and it is paid by the payment processing company to the bank that issued the card and the rate that person will pay for the transaction depends on several factors such as the type of card accepted (debit, credit or rewards card), the transaction type (whether it is done online, in store or by phone) and the size of each transaction. Larger and fewer transactions have lower fees whereas in-store transactions will cost less interchange fees since the card is physically present thus there is a lower risk of fraud. Monthly statement fees are fees that are charged by the credit card processing company on a monthly basis to cover the expense of mailing the business a statement. Monthly statement fees are fees that are charged by the credit card processing company on a monthly basis to cover the expense of mailing the business a statement. The truth is that application and statement fees are charges that are charged for applying for the processing service, setting up the needed equipment to accept credit cards and these fees vary widely depending on the credit card processing company. The truth is that monthly minimum fees are the lowest amount of fees the processing company will charge to meet the minimum cost.