In the current economic climate where loans are not so readily available as they used to be it is useful to know what your options are before applying for a loan.Secured LoansA secured loan is a loan that is secured on your property, and is available to people that have a mortgage on their property who also have enough equity left in their property. The maximum LTV (loan to value) allowable if you have a good credit history is currently 85% i.e. the total of your loan and mortgage debt must be less than 85% of the value of your property. One of the main benefits of a secured loan is that the lender is more likely to lend you money because they put a second charge on your property (behind the charge that your mortgage lender has in place) which makes the loan a safer bet for them if you default on your repayments. You can also borrow larger loan amounts for longer terms than you can with an unsecured loan.Unsecured LoansAn unsecured loan is a loan that is underwritten based on your personal circumstances, i.e. the lender will look at your income and your outgoings and they will also look at your credit record. Although the loan is unsecured the lenders are more likley to lend to homeowners than they are to tenants, for the simple reason that should you default on your repayments the lender will look to put a charge on your property in order to recover their money. Unsecured loans are generally available for smaller amounts usually up to £15,000 and for shorter terms they are also only available to people that have a good credit record with no CCJ’s defaults or any other type of bad credit problem.Guarantor LoansA guarantor loan is a loan that is offered to people that can provide a suitable guarantor (co-signee), the applicant does not need to have a good credit record as the loan is underwritten on the guarantor’s credit record. To be suitable the guarantor must be an employed homeowner with a good credit record. If the applicant defaults on the loan in any way the lender will go to the guarantor to reclaim their money, which is why the lenders are not too worried about the applicants credit record. The main benefit of this type of loan is that it is available to people who have bad credit, CCJ’s default’s etc, and can be used to help towards improving your credit record by maintaining your repayments. The main problem with this type of loan is the interest rate that is charged is usally higher than any other type of loan.Payday LoansA payday loan is a short term loan for a small amount of money usually up to £1,000 that is repaid in full on your next payday. To qualify you will need to be in full time employment and be paid directly into your bank account, you will also need to be aged 18 or over and have a debit card. They should only be used as a stop gap loan to get over any short term difficulty that needs to be dealt with before your next pay cheque. The interest charged is usually quite high, in most cases the lender will charge £25 for every £100 that you borrow. The biggest draw back is that you must repay the loan in full on your next payday, which is why you must have a debit card associated with your bank account, because the lender will automatically deduct the full amount from your bank on your next payday.Logbook LoansA logbook loan is a loan that is secured on your car log book. Loans are available up to £25,000 and to qualify your car must be free of finance and you must be aged 18 or over and the legal owner of the car. This type of loan is available no matter what your credit history but the interest rate that is charged is usually quite high (you should always check how much the loan will cost you before you sign the agreement).Personal LoansA personal loan is another name for an unsecured loan and as such is only available to people with a good credit history and for amounts up to £15,000 and for terms up to a maximum of 10Years in most cases the lenders will only lend for up to 5 year terms.Debt Consolidation LoansA debt consolidation loan is a loan that is taken out in order to consolidate any loans, credit or store card debts into just one loan in order to reduce your monthly commitments and can be secured or unsecured. When used wisely a debt consolidation loan can help to reduce your monthly commitments and get your finances back on track. However if you take out a consolidation loan it is always advisable to destroy your credit and store cards to ensure that you do not start accumulating your debts again. Failing to do so can often leave you in a worse situation than you were in the first place.
What Types of Loan Are Available
Business Ethics – Why Are They Important in Small Business?
Rarely is there the individual who does not encounter an ethical or moral dilemma at some point in his or her business life. Whether that individual is the owner of a multinational corporation, a small business entrepreneur, or a new or established employee, everyone is likely to have to face such an instance eventually. Much like a personal ethical dilemma, an individual is faced with making a decision based on how it will affect not only himself, but on how it will effect the organization as a whole. One of the major problems when dealing with an ethical dilemma in business is that individuals are often swayed by business profits and the legality of a decision.The Institute of Business Ethics, whose slogan is “doing business ethically makes for better business”, describes the term business ethics as such.Business ethics is the application of ethical values to business behaviour. It applies to any and all aspects of business conduct, from boardroom strategies and how companies treat their suppliers to sales techniques and accounting practices. Ethics goes beyond the legal requirements for a company and is, therefore, discretionary. Business ethics applies to the conduct of individuals and to the conduct of the organisation as a whole. It is about how a company does its business, how it behaves intrinsically.As clear as this definition is, it is certainly open to interpretation. Therefore it must be understood that the application of business ethics to any situation is entirely subjective.One can also understand business ethics, and ethics of any kind, as applying a sense of fairness to a situation. Even with a sense of clarity applied to the use of business ethics, reaching a just and moral decision can be a complex process for most individuals. The subject of business ethics has been a source of great debate in recent years as the heads of major (and minor) corporations are revealed as less than ethical characters both in the way they do business and in their personal conduct. However, it may be said that any individual who does not practice business ethics cannot be personally ethical even though the reverse may not also be true. Ethics in generally has a long history of applications. Centuries ago a man’s ethical practices defined who he was as an individual. However, as populations grew, the necessity for incorporating the best business practices into a company became somehow less important because there was always another customer around the corner and the owner of a business was rarely the focus of attention in a community the way he or she may have been in the past. A company’s administration took a seat in the background and hired representatives to deal with any fallout. Ethics rely on several factors, one of the most important of which is culture. Again, like the business person of the past, a culture’s ethics practices will largely depend upon the value that is placed on them. Business ethics have the unappealing conflict of often being contrary to what is legal. Often what is “right” is not necessarily what is legal, and a business must consider this conflict when making ethical judgments. Although there are many in the business world who believe that a business has no room for ethics if it is to function competitively, the numbers of corporate whistleblowers indicate that there is still room for ethics in business.Western societies place a great deal of emphasis on success. However, in business, there are often conflicts between ethical behavior and business success. This disparity is often multiplied for the small business owner. To compete with larger businesses, it may be tempting to abandon ethics just to make an adequate profit. Additionally, the small business person is relatively autonomous in his or her decision making; he or she does not have to answer to a large employee base or a corporate governing board. It is also interesting to note that the small business leader often has his or her decisions impact a greater number of individuals than does the employee of the small business. For instance, a small business owner may have his or her decision affect his or her customer base as well as his or her employee base. The employee will likely find that his or her decision will only directly impact his or her immediate circle of coworkers. However, the pressure to succeed is both an internal and an external pressure and often leads individuals to make ethical decisions that are based more on those pressures than their own moral judgment. As consumers grow wary of those that they do business with, one must understand that there is just cause for such wariness. The cynical American consumer has learned, often the hard way, that there is little room in business for ethics. In a society where the customer used to be king, the consumer has more often than not experienced several distasteful experiences with business both large and small.Some experts argue that any focus on profitability is bound to test the limits of ethical practices. They assert that to assume that the primary function of a business is to serve its client base in an ethical manner is idealistic and that the nature of a free economy dictates that ethics must take a back seat to increasing profits. Although it is rarely the conscious intent of a business to harm the public interest, reality dictates that the businesses ability to increase profits will determine its success. Publicly owned companies experience extra pressure in this arena. It is difficult to draw investors to a company based on its ethics. Investors are looking for a return on their investment and ethical performance does not equal dollars. There are economists that assert that, in any competitive economy, ethics are impossible to uphold; that a company can legitimately bypass ethics with the excuse that unethical practices are the only way to make a profit.Unlike the larger corporations, the small business leader is in a unique position to shape the ethical practices of his or her business. Small businesses have a smaller employee base to police when applying ethical policies than do larger businesses. It is important to understand that, similar to the ethical dilemmas of the large corporations, although an individual surely knows the difference between the correct ethical decision and the wrong road, the choice to throw ethics to the wind is often made because the unethical choice is more profitable. This may, however, happen much less often in smaller organizations because the individual or individuals who are harmed by the unethical decision and someone is always harmed, is more visible to the small business. Major corporations and their decision making machines are often far removed from the individuals that their immoral and/or unethical decisions effect. This may make the wrong decision much easier to make.The unique position that the small business owner is in regarding the formation of an ethics policy yields a great responsibility. A proactive business leader formulates a statement of organizational values that employees of the company are expected to embrace – at least while performing duties in the service of the company. An organizational ethics policy is an announcement to the employees, the customer base and the community as a whole that the business is prepared to conduct itself and its practices on an ethical level. Such statements invite the respect of all parties involved in doing business with such an entity. However, it is imperative that the small business owner not make the same mistake that larger organizations often do; the ethical policies that a business develops must not be in conflict with the organizational goals. It is unethical in itself to develop an ethical policy that an employee cannot possibly follow and maintain his or her employment. When faced with the decision between an ethical decision and his or her job, an employee will almost always choose the job.Therefore the policy must be in reasonable alignment with the organizational goals of the business. It is equally important, and maybe more so, that the small business leader lead by example. Employees, especially in a smaller organization, are less likely to conduct themselves ethically if they receive implicit permission not to. The end result of such a practice is that the small business owner can be assured that he or she is conducting business in a manner that encourages the trust of his or her customers as well as his or her employees. And since consumers have become very wary of doing business with an entity they feel they cannot trust, the small business can enjoy the profits of a loyal customer base. The small business owner has an advantage over the larger corporations in that it can elicit the trust of the consumer by applying ethical business practices that give the customer the feel of an equal business relationship rather than one where the consumer buys based on need alone. There are many that believe that such practices are capable of drawing business away from the large corporate entities and back into a customer-focused business format.
5 Tips for Buying an Office Chair for the First Time
Since office chairs come in a lot of styles, shapes, and materials, making a choice can be quite overwhelming. For instance, some of them are made for accessional use, while others are more suitable for routine use. Aside from this, there are other factors to consider, such as price, finish, color, and style. Given below are some tips to help you make a better choice.
1. Consider your usage
These units are designed for a variety of purposes. For instance, if you get an executive chair, it will allow you to talk to your senior employees comfortably. On the other, if you are suffering from back issues, it is better that you opt for a chair designed to make your back feel comfortable. Basically, these units are designed in order to provide more support for your back and body. The good thing is that you can adjust these chairs based on your sitting posture.
If you are a heavy computer user and spend a lot of time working on your computer, we suggest that you consider an ergonomic chair.
2. Consider your desired parts
The majority of office chairs have some common major components such as armrests, the seat, and the backrest. For backrest, it all boils down to the lumbar support. Ideally, it should match the natural curve of your back so that you can relax your lower back. It is even better if the chair allows you to recline without any problem.
Another important component is the seat. Make sure that the edge of the seat is rounded and downward-sloping. This will help improve blood circulation to your legs. If you are a heavy, tall person, it is better that you go for a chair that features higher backs and wider seats.
While typing, armrests allow you to place your hands comfortably. Apart from this, an adjustable armrest is another great feature to have in your desired unit.
3. Consider the adjustment features
You should adjust the chair to perform your desired task without suffering an injury. It is easy to adjust the mentioned components using levers and knobs while you are sitting in the chair. For example, the chairs of today feature a lot of mechanisms, such as tilt angle control, adjustable lumbar support, and adjustable height control. Make sure that the unit you are looking for allows these adjustments.
4. Consider the material
If you go for an upholstered unit, you can enjoy a cushioned seat and a lot of color and style options. Apart from this, synthetic fabrics with stain resistance offer a higher level of durability. On the other hand, leather is known for comfort and durability. If you are looking for something easy to clean, faux leather is your best bet.
5. Consider the environment
Based on the type of floors you have in your workspace, you should decide on the dimensions, colors, and styles of the chair. For example, you should get a survival type if you have to move around your workspace to get access to different equipment.
If you have a small office, it is better that you opt for a chair that comes with a lower back. Lastly, you can go for a traditional or modern office chair based on your personal interest.
5 Tips to Choose the Right Conference Table
According to statistics, managers spend a lot of their time in business meetings. If you have a properly designed conference room, you can come up with great ideas and have great meetings and discussions. Apart from this, conference rooms may help create a business environment. Since no conference meeting can be complete without a conference table, make sure you invest in a good table. In this article, we are going to talk about 5 things that will help you make the best choice.
1. Room size
First of all, you may want to consider your room size. There should be plenty of room around the table. The idea is to allow everyone to walk about the room. Besides, make sure that doors and windows are also easily accessible. Similarly, if you have an audio-visual station in your office, make sure the room has enough space for it.
Another thing to consider is the seating capacity of the room. After all, you don’t want to end up with a conference table that won’t leave any space for chairs you need in the office. There should be enough elbow room for all of your clients and employees during a conference.
3. Power outlets
In a conference room, some common items include projectors, laptops, and mobile phones. Therefore, make sure that the power outlets in the room are in the right places. After all, you don’t want to end up with a lot of entangled wires and cords during a conference.
4. Design Aesthetic
You may want to consider the design aesthetic of your conference room before buying a conference table. Don’t forget to consider your current furniture articles as well. You can choose from a variety of table shapes, such as racetrack, boat-shape, rectangle, and circle, just to name a few.
Besides, you can ask yourself if you prefer classic or modern furniture. Color choices also matter. Therefore, you should either go for dark or bright colors.
Last but not least, make sure you stick to your budget limit when it comes to buying a conference table. You can choose from a variety of options based on your price range. Based on the size, material, and design of the table, you should make the right choice. Another way to make a choice is to check out review websites. These sites will allow you to check out a huge collection of furniture articles.
Long story short, if you are going to make a great conference room, we suggest that you follow the 5 things given in this article. This will help you choose something that will serve your needs and look great. Hope this helps.