Finance Your Restaurant Company With Somebody Else's Credit Card

If you are inside the restaurant company, you undoubtedly will not need me to let you know how tough it might be financially.

While you might be developing up the reputation of your establishment, money is frequently tight and 1 undesirable night can imply an unprofitable week. As for money flow ? effectively, the cash certainly flows, doesn?t it? You just wish that far more of it was flowing in than out. And what about these slow periods? What do you do if they final longer than you anticipated? How do you get the funds you need to get your restaurant enterprise more than that hump.

OK, I?m painting an unfavorable picture right here, but funding might be a problem for even essentially the most productive restaurant, specifically should you wish to expand rapidly. The question remains: what is the finest way to get financing for your restaurant?

LOANS

A loan might be an apparent approach to raise finance for your restaurant organization, but look at it from the point of view of the lender.

The 2004 Restaurant Market Operations Report published by Deloitte & Touche LLP indicates that average pre-tax profit margins range from 4-7%. This means that, from the lender?s point of view, even a profitable restaurant is a big risk. The bigger the risk, the bigger the interest payments ? that is, in the event you even get approved for a loan at all. High interest rates, of course, can bring their own problems, particularly for a very low margin company such as the restaurant trade.

Lenders will, admittedly, appear much more favorably on you in the event you also own your premises. However, you will need to be aware that funding your organization using real estate as collateral means that it will be the potential resale value in the property that lenders are looking at. The purpose from the property itself may actually reduce its resale value as there would be a smaller pool of potential purchasers. Thus, many lenders set very high minimum loan amounts, which could not be suitable for your particular circumstances.

If you do decide to go the loan route, then speaking to a specialist lender with expertise within the restaurant industry is essential.

ACCOUNTS RECEIVABLE FACTORING

Factoring is a form of commercial finance where an enterprise can accelerate its cashflow by selling its accounts receivable at a discount. This means that the company doesn?t have to wait for outstanding invoices to be paid in order to receive the money necessary to finance the company moving forward.

For many service based organizations, accounts receivable factoring is an extremely good way of rapidly accessing money. However, restaurants rarely have much enterprise of this kind.

What they do have, however, is a high volume of credit card transactions. By leveraging these, budding restauranters can ? literally ? fund their restaurants with other people?s credit cards.

CREDIT CARD CARD FACTORING

Essentially, restaurants can sell their future credit card transactions and receive an advance on that money ? usually up to around $120,000. The funds can be used for any purpose ? from expanding premises to buying new equipment or whatever you want. This isn?t a loan, so there is no personal guarantee needed. It?s simply an advance against future credit card settlements.

The company purchasing takes a small, fixed percentage of future credit card transactions until the advance is repaid.

The advance money can typically be made available within 14 days, so ? for the restaurant business that is in require of a quick injection of funds ? this is a good option. Of course, there are restrictions on who can apply. Generally speaking, a restaurant would have to be running for more than 1 year, take over $5,000 per month in Visa/Mastercard transactions and have far more than 1 year left on their lease to qualify.

For the restaurant that has been in existence more than 1 year, this represents the very best method of further growing your organization at minimum professional or personal risk.

COMPANIES PROVIDING RESTAURANT FINANCING

There are a number of companies out there offering financing of this kind to restaurants. The main points to watch out for when selecting such a company are as follows :

i) Application Fee ? Companies charging an application fee should be avoided. To be honest, there isn?t much paperwork involved in this process, so an application fee is unnecessary.

ii) Closing Costs ? Again, companies charging ?closing costs? are greatest avoided. There are enough companies out there competing for your business.

For the young or established restaurant company, credit card factoring is the most effective way of acquiring the funds you will need to expand your organization. So, fund your restaurant using an individual else?s credit card !

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Source: http://keepersblog.com/finance-your-restaurant-company-with-somebody-elses-credit-card/

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Leadership & Life Skills Renewal - Wilmington Women in Business ...

Join Frank Ingraham, on Thursday, September 27th at the University & Whist Club for a three part ?Seekers of Success? Seminar:

Self Leadership, Adding Value & Improvement Planning

Program Information:

Self Leadership:? Learning/Renewing how leading with your key life skills can determine your level of effectiveness and range of successes, starting with intention and awareness.

Adding Value:? ?? Understanding the ?Law of Influence? dynamics for intentionally adding value to others significantly enhances an atmosphere of trust, success and truth.

Improvement Planning:? Being receptive to develop a process of habits that reflect the goals/direction sought, compounds your assets in a way that improves longer-lasting growth.

Frank Ingraham, SPHR, is a Business Process Manager with the DuPont Company reporting to the Corporate Human Resources Director of Personnel Relations and North American Operations, and is focused on planning?? and supporting implementation of Employee Relations / Labor Relations, as well as related Six Sigma/Lean projects for DuPont North American Operations.? During 2012, he became a Six Sigma Black Belt, celebrated 40 years with the DuPont Company, working in HR since 1990, and previously held positions of Labor Relations Primary Bargainer, Community Relations Consultant, Training Manager and HR Consultant. You can read more about Frank here ?> Frank Ingraham

To Register for the event, click HERE.

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This entry was posted on Monday, August 27th, 2012 at 7:58 pm and is filed under Highlighted Event. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Source: http://www.wwb.org/2012/08/27/leadership-life-skills-renewal-presented-by-frank-ingraham/

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Investing In Oil Penny Stocks | PennyStocks123.Com

Aug28

Posted by Sonja in stock market tips

With prices steadily hovering around $100 a barrel, it?s no wonder that investor interest is piqued by oil stocks. Despite all of the current interest in developing alternative sources of energy, fossil fuels are still the primary energy choice of developed economies and will continue to retain their first-tier position so long as there are exploration and drilling companies willing to exploit new technologies, such as horizontal drilling, to reach untapped reserves. Extraction activities continue both offshore and onshore at a steady pace, and while the major oil companies show no signs of slowing down their operations, their efforts are matched by the numerous small-cap oil firms looking to make their mark in the fossil fuel arena. With so many choices to pick from, how will you know which oil penny stocks are the best investment candidates?
While all penny stock opportunities should be thoroughly researched before an investor commits his funds, an investment in oil stocks requires a particular type of due diligence. Unless the target company is involved in the oil sector in an ancillary way (such as pipeline engineering and construction, drill and rig parts or distribution of crude), the first step in vetting a prospective investment in an oil company is to ensure that the company has the rights, through either ownership or long-term lease, to carry out exploration activities in its designated location(s). In addition, the company should be in possession of geologists? reports confirming that reserves sufficient to merit the investment of capital and labor into the endeavor are present, and the company must also be able to demonstrate that they are in possession of all permits and licenses necessary to operate legally. If all three of these crucial items are not in place, retail penny stock investors should not consider getting involved with the company.
Assuming that the legal and geological bases of doing business are properly in place, it?s prudent to have a thorough look at the company?s finances. Oil companies have a high need for capital as a matter of course, since the costs associated with both offshore and onshore drilling are extremely high; any serious investment candidate must be able to demonstrate that they have sufficient cash on hand, or access to cash through committed financing, to fund at least a year?s worth of operations, because current shareholders will find their value diluted if the company must issue additional stock to raise money for continued exploration. Look for companies that have more than one lease, or that are drilling in more than one location, in order to increase the chances of a rise in revenue and value; ideally, look for companies that have already generated positive results through operations in one location, and are diversifying by expanding operations to include additional locations. Such firms will be the first of the small-caps to benefit from momentum trading as the price of oil continues to rise.
Because the price of oil stocks is so highly influenced by external economic factors, knowing when to get out of your position is of exaggerated importance when investing in oil penny stocks. In general, look for moments of opportunity occurring after spikes in barrel prices, however, more specifically, if you?ve had the good fortune to invest in an oil stock that strikes it big, consider selling as the stock price approaches resistance levels: the chances of the same company hitting it big twice are just too slim. As an alternative, you can always invest in an energy-heavy ETF or mutual fund, but there?s really no reason not to take a gamble on a penny oil stock or two: the buy-in is relatively inexpensive, and the payoff can be significant.
Oil penny stocks are issued by all sorts of companies involved in exploration and drilling. Between those that drill onshore and those whose operations are located offshore, those whose efforts are concentrated on new fields and those who specialize in extracting reserves left behind after the majors have moved on to greener pastures, there?s something for everyone. As emerging economies such as India and China continue to build wealth, needing even more cars and energy, the need for oil will correspondingly continue to increase; surely, among all of this activity, there?s an oil penny stock or two that?s a perfect fit for your risk profile and your portfolio.

Source: http://www.pennystocks123.com/stock-market-tips/investing-in-oil-penny-stocks.html

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Manchester Airport and Manchester Airport Parking Centre.com are Gearing up for Thousands of Weekend Visitors

Europe?s biggest Aviation and Transport Fair will land at Manchester Visitor Park this weekend, bringing thousands of enthusiasts with it.

(PRWEB) August 27, 2012

Manchester Airport is home to the retired super-jet Concorde and it is in its impressive shadow the fourth annual Manchester Airport Aviation and Transport Fair is set to take place.

This unique exhibition sees visitors from home and away gathering, to set eyes on some of the most interesting planes, trains and automobiles on display, some even travelling from far flung places such as Dubai, Germany and Switzerland.

Societies, traders, fans and collectors will spend time under the giant wings of Concorde, while vintage memorabilia like; models, steam engines, timetables, posters and thousands more collectibles sells to deserving buyers.

Examples of some of the things on offer would be: A collection of sick bags thankfully unused, from airlines that are only with us in spirit like the famed Pan Am and defunct Laker Airways, cutlery sets, captains hats, paintings, autographed memorabilia and even a spare Concorde engine, from Olympia which is valued at around ?1 million.

Collectors and traders will be able to find the sublime to the ridiculous at this event, and pick up an item worth ?5 or ?500,000 the possibilities are endless.

Also inside the hangar will be full-scale model railways, a giant (working) Scalextric track and demonstrations of Air Navigation Radar equipment.

This is not just an air and rail exhibit though and outside the hangar will be overrun by over 200 classic cars, some so old they were produced in 1914. These will be displayed for visitor?s perusal around the Park, along with a diesel train engine, vintage fire trucks, novelty hot air balloons, and military vehicles that have served in both, Afghanistan and Iraq, as well as Vietnam.

There is so much on display at the event that it would be impossible to list everything but it is worth noting that beloved children?s author Steve Burnside will be in attendance along with his popular character, Fergus the Tractor, to keep the kids amused while parents explore the UK Cockpit Club?s display of vintage flight decks.

Along with the Manchester Airport Aviation and Transport Fair, the public will be able to visit The Runway Visitor Parks permanent exhibits-with access to not only the Concorde but also an RAF Nimrod, Trident airliner and many, many more and the chance to watch planes taking off from Manchester Airport, with running commentary from one of the Air Traffic Controllers.

Entry is only ?2 per person, and children under-14 get in to the fair and all exhibits for free. Money will be raised across the two days of the fair and be donated to charities including; Child Flight, St Anne?s Hospice and Help for Heroes.

People coming to visit can take advantage of Manchester Airport Parking Centre and book the cheapest long-term parking, or hotels with parking, near the airport. By using this service visitors are guaranteed the best value for money, accommodation close to the exhibits and Fair and the use of a shuttle bus to the Runway Park. Parking at the Visitor Park will cost ?3 an hour, but the parking centre can find you long-term airport parking for as little as ?4 a day.

The Manchester Airport Aviation and Transport Fair starts Saturday the 14th of July at eight in the morning, and will end at eight thirty on the night of Sunday the 15th of July. Those planning on using the parking centre should book now to save even more money on parking.

Dr M Mansoor Siddique
SEO Consultancy Ltd
+44 20 3286 9786
Email Information

Source: http://news.yahoo.com/manchester-airport-manchester-airport-parking-centre-com-gearing-071226710.html

Apple and Motorola strike patent peace deal in Germany

NEW YORK (Reuters) - Some two dozen topless women protested in a New York City park on a hot, sweaty Sunday as part of what they called "National Go-Topless Day" to draw attention to inequality in topless rights between men and women. There were topless men in the park, too, but nobody paid them much attention, a disparity, organizers said, that demonstrated the need for the event. The topless women drew crowds of onlookers who took pictures and video with their cell phones. ...

Source: http://news.yahoo.com/apple-motorola-strike-patent-peace-deal-germany-172526272.html

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Families of Colo. theater victims question fundraising

AURORA, Colo. (AP) ? Anguished family members of some of the Colorado theater shooting victims lashed out at a fundraising campaign Tuesday, saying it collected more than $5 million "using pictures and names of our murdered loved ones" but so far has given no more than $5,000 each to families facing bills for medical treatment, travel and other expenses from the attack.

The families also said they've been shut out of decisions on how the money should be spent and that fundraisers were unresponsive to their questions and suggestions.

"When you generate donations for a fund called 'the Aurora Victim Relief Fund' using pictures and names of our murdered loved ones, it would stand to reason the fund is for victims of the Aurora shooting," said Tom Teves, whose son Alex was one of 12 people killed in the July 20 shootings. Another 58 people were wounded, and many of them face long recoveries or permanent disability.

At a sometimes-emotional news conference, Teves read a seven-page statement demanding the fundraisers give the victims and their families a say in how the money is used and questioning why so far only a relatively small portion, $350,000, was being distributed to the victims.

Teves said the statement was on behalf of 11 families. Eighteen other people crowded onto a small platform behind him, some dabbing their eyes with tissues, clasping hands or leaning on each other.

The Community First Foundation, asked by Gov. John Hickenlooper to operate the relief fund, said on its website it has raised just over $5 million for the Aurora Victim Relief Fund. The foundation announced on Aug. 17 that it would give $350,000 to the Colorado Organization for Victim Assistance to distribute among the surviving victims and the families of those who died. Earlier, it said another $100,000 was given to 10 nonprofit groups.

Marla J. Williams, president the Community First Foundation, said a gag order imposed by Arapahoe County District Judge William Blair Sylvester made it difficult to find all the victims and their families.

She said a group has been set up to recommend how to spend the donations but no victims' representatives have been chosen yet.

"I don't know who represents the victims. There are a number of people who were involved," she said, adding that the group at Tuesday's news conference did not represent all the victims.

Williams said she worries that Tuesday's statement will give donors second thoughts.

"I'm sad because I think there are people who have been very generous and contributors who might think their money has not been used wisely," she said.

The 37-year-old Community First Foundation supports community programs in the metropolitan Denver area.

Nancy Lewis, executive director of the Colorado Organization for Victim Assistance, said the victims and the agencies involved want the same thing: "They want healing for all the crime victims."

She said Sylvester's gag order prevented her from commenting further.

Sylvester issued an order on Aug. 16 barring the organization from releasing names and contact information for the victims. The order does not appear to place any other restrictions on the group.

Teves said the families were humbled by the amount of the donations, and grateful. He said none were speaking out just to get money.

"We have nothing to gain as the families of the murder victims," he said. "We have already lost everything."

He said anyone who was in the theater at the time of the shooting or lived in the same building as the suspect ? who police said had booby-trapped his apartment ? should be eligible to receive help.

Teves insisted the families' purpose wasn't to attack the fundraising groups or the government.

"All we're saying is, 'Listen to us. We have unique knowledge and unique skillsets that we can bring to bear to make this better for all the victims. Why are we shunned to the outside?' That's what this is about."

A meeting is scheduled Friday between victims' families and officials of the fundraising campaign.

Teves challenged Hickenlooper, who attended the slain victims' funerals, to step in and help the families get a say.

"You pledged 12 times that 'We will remember,'" Teves said. "Are you a man who is true to his words, or were they just words?"

Hickenlooper's spokesman, Eric Brown, said the governor understands the families' frustration and is advocating for them to have more say. He said Hickenlooper also wants the fundraisers to improve their communication with the families.

Brown praised the generosity of donors and said the victims would get more money.

"Everyone involved is trying to do the right thing in a very difficult situation," he said.

The suspect in the shootings, 24-year-old James Eagan Holmes, is charged with multiple counts of murder and attempted murder. He has not entered a plea. The next hearing in the case is Thursday.

___

Associated Press writers Steven K. Paulson and P. Solomon Banda contributed to this report.

___

Follow Dan Elliott at http://twitter.com/DanElliottAP

Source: http://news.yahoo.com/colo-theater-victim-families-fundraising-180417041.html