Biomedical philosophy Essay Example | Topics and Well Written Essays - 750 words

Biomedical way of thinking - Essay Example , when one is depending on CEDs probably won't be that powerful in spite of upheld, which involves the particular specialists devise rules intended to oversee its use to evade upsetting of systematic aptitudes acknowledgment. Since, achievement of systematic aptitudes is a fundamental viewpoint that will help the students not just in the imprisonments of their instructive offices yet in addition in their whole lives. Consequently, utilize whatever they have procured however this involves rule controlling as far as its use to create decidedly ready people. Scientific aptitudes for this situation is an inward useful for its achievement isn't by means of crediting with certain ecological settings yet one’s inclusions just as collaborations with fluctuated helping offices. This is to improvement themselves yet not on the grounds that an individual the person went to a specific foundation. Since in inferable subterranean insect great with where an individual the person in question went to certain foundation contains depicts an outside decent, which as a rule is a greater amount of one partner with a given symbol or spot. For example, an inside decent its achievement its acknowledgment premise or achievement considers one’s endeavors just as a conviction they control their lives (Hager, Alison and Reich 23). Thus, externalities don't have any impact on what they accomplish aside from for the situation where they should play according to specific standards to amplify odds of acknowledging what they need. For this situation will be very obvious with managing CEDs’ utilization yet the degree of expository aptitudes one has in spite surprisingly obliged by same principles will have differing limits based one’s endeavors. On the other hand, outside great for the most part depends on ecological settings in this manner who achieve or bomb partner them with outer impacts like organizations just as specific symbols. Subsequently, this is the motivation behind why explanatory aptitudes which is an inner decent fluctuates across people to the degree some agreed certain save of being excellent expository in the entirety of their tasks not just in instructive

Strategic Analysis of Internal & External Environment of Dyson

Question: Recognize what involves key capacities regarding authoritative assets and capabilities and how these identify with the procedures of associations. Recognize essential and interesting assets. Investigate the business elements of the organization. Answer: Corporate goals Vision The vision is to improve the presentation of the association and set up its columns inside the serious market portion. Strategic The strategic the organization is to give consolation to the plan designers of the cutting edge so as to be imaginative, testing and concoct. An announcement of corporate qualities Dyson reflects effective methods for designing. The CSR group works by guaranteeing that the laborers are dealt with decently and nature including the work environments stays more secure. Outside examination PESTEL examination Political variables: It has been seen that all through the UK and the US the political variables remains just in the kindness of the home organizations. At home, the Duson's job as turning into the moderate partys specialized autocrat made an effect when the legislature reported the addition of the pace of improvement and research of expense credit to almost 225% only for the fair sized business which got viable from April 2012. Additionally, the vested guidelines like the EU specialists have forced limitations on the ideal force utilized by the machines, for example, the vacuum cleaners (Al-Hakim and Memmola, 2009). EU have additionally brought for the improvement of the new advances so as to lessen the force contribution for sparing the vitality utilization. EC required the ideal force contribution to get cut till the year 2014 almost to 500 watts just for the separate upstanding cleaners and for the canister cleaners it was 750 watts (Baran and Galka, 2013). This brought about the declination of the d eals and this kind of the bureaucratic laws just powers the various organizations to stay up with the advancements by the extension of the opposition. It turns out to be significant for Dyson to open entryways for the comparative kind of the changes. Monetary: During the year 2010 and 2013, there were a few little organizations who came back to similar degrees of development however the vacuum cleaners were anticipated to seen moderate pace of development. The catching of the retail development in china just as in India will center the development of the deals and will help in ease weight of the concerned western markets. The reports basically show that in the creating nations the development rate was anticipated up to 6.7 percent. In a large portion of the created nations the organization was performing admirably and the individuals who were remaining at their home for the more drawn out time, the requests for the removal homes got expanded simply for the plain contraptions (Berk and DeMarzo, 2014). Be that as it may, the moderate wages all through the developing business sector fragments remained the matter of investigation as it was great at the exceptional cost of Dyson. Social elements: The social variables make an incredible effect on the execution of the business procedure of any of the organization concerned. The commitment of the Dyson Company was perceived on huge numbers having compelling and productive beneficent endeavors like the worldwide workshop so as to draw out the best structure and building (Blank Page, 2014). The remunerating programs for the designing understudies contributed towards the improvement of the general public on enormous numbers. There was the redistributing of the occupations all through the various nations, for example, Malaysia, china and considerably more and was through the testing labs. Development of the employment opportunities for the adolescent all through the various pieces of the world is the key qualities of the organization. Mechanical elements: This is one of the significant components that helps particle expanding the development of the association to a huge scope. There are a portion of the notable created nations who represented 68% of the all out automated vacuum cleaners selling in the year 2011. This market changes basically because of the automated plan and the requirements of the new advancements are very high and considering different locales or the zones the interest for the vacuum cleaners end up being extremely high (Dalum and Midtgaard, 2011). In this way, there is a vital requirement for the execution of the creative devices just as inventive methods for the assessment and development of the whole business procedures of Dyson. Ecological elements: The regular point for the vast majority of the organizations is a worldwide temperature alteration. According to the principles and guidelines of the UK government, organizations or the different organizations needs to partake in the waste removal or in the lessening just as reusing of the losses so as to make the condition a more secure spot for the individuals (Dyson.co.uk, 2016). In reactions to these guidelines, there are organizations like VAX who have decreased about half polystyrene all through their bundling. Dyson adheres to the standards just as the guidelines of the legislature in lessening and reusing of the squanders identified with the electronic hardware and has made an incredible positive effect on the earth. Legitimate: In this specific area, the ideal battle for the encroachment for making sure about the plan just as the innovation of the diverse vacuum cleaners was normal for the organizations. The realities dwell that in the year 2010, the organization altogether lost the legitimate body of evidence against one of the notable organization VAX constrained. Along these lines, there is a urgent requirement for every one of the organizations of any field to execute their particular business forms according to the guidelines and the guidelines of the administration (Ehrhardt and Brigham, 2011). There were a portion of the legitimate issues identified with the installment made to an architect and this case was in the high court of England. Accordingly, it turned out to be increasingly critical to set up the ideal mainstays of the organization keeping the principles just as the guidelines of the administration. Doormen Competitive Forces Analysis Doorman's five powers are the ideal structure which will help in perceiving the opposition level inside a specific industry. In addition, it helps in the improvement of the business procedures of the association. Purchaser power: In this, the force stays in the hands of the purchaser. The accessibility of the more alternatives having low-end cost costs brings out debilitation for the clients. The clients or the purchasers can deal from the assortment of the items accessible and there are different organizations accessible who give the comparative items comparative highlights. There is the wide assortment of the retail purpose of the buy. Provider power: In the assembling and the structuring of the houses gives extraordinary advantage in the main time and keeps up the progression of the ideal gracefully chain. The high measure of interests in the R and D turns into a competency for the whole association (Ehrhardt and Brigham, 2011). There are more than 350 of the architects just as researchers who utilize the most recent innovation and advancement so as to build the intensity of the providers. So as to expand the selling of the items, the organization has in excess of 120 uncommon sorts of the testing place stations all through Malaysia. Danger of the new participants: Another passage inside the market sections basically builds the opposition level for the current organizations. Then again, there is less measure of danger to the organization as there is trouble in the R and D advancement for the opposition (Harrison, 2011). It turns out to be exceptionally hard for contending with the brand nearness just as the nature of the items. M A might be the ideal path for new organizations comparable to the striking danger. Consequently, the organizations need to execute powerful systems with respect to the danger from the new section into the market portions. Danger from the substitutes: There are dubious monetary conditions for the Dyson Company. The addition in the plan and innovations in the field of vacuum have made the potential danger for the individual results of Dyson. The instances of the M An are acknowledged to proceed, which makes a danger for the results of the organization (Johnsen, 2009). There are substitutes accessible from the various organizations and this makes an extreme infiltration inside the new market sections where the brushes are utilized rather than the vacuums. Serious competition: There are a portion of the primary contenders inside this industry having the comparative scale and quality which vies for the bigger minor development regions. The usage of the cutting edge innovations just as the development gives the ideal serious edge to the organization as contrasted and that of different organizations (Khachidze, 2012). There are two of the basic patterns for the market attacks, they are merger and acquisitions. Inward Analysis Hierarchical Resources Audit The VRIN system helps in investigating the vital abilities of Dyson, which are referenced underneath: Worth The essential point of Dyson is to understand the issues and improve the favored customary items. Besides, the organization needs to develop its items by improving the structuring of the concerned items. So the outstanding RD is huge in upgrading the produced merchandise. Irregularity Dyson has various contenders which offer the less expensive complexity to Dyson. The organization is giving the best worth item not long before the network. Incomparability As there have various contenders all through the serious market, it is plausible to repeat its merchandise. Yet, it turns out to be extremely hard for doing that, in light of the fact that the organization has various licenses identified with their item, for example, the Root Cyclone ability, and it have topped off with almost 564 licenses of it, so for a situation of additional vacuum cleaner it can't utilize this specific innovation. Non-substitutable Truth be told, the Dyson's merchandise can be substituted by additional organization's products. In any case, the brand name can't be subbed and this is an extraordinary bit of leeway for Dyson. Elements of the Business and Core Competencies The organization

50 Ideas for a Lucrative Side Hustle

50 Ideas for a Lucrative Side Hustle In these harsh economic times, almost everyone is looking for ideas for a lucrative side hustle that can help them supplement the income they get from their regular job. The good thing is that there are lots of great ideas that can help you make some good money on the side. To make matters easier for you, we have compiled a list of 50 awesome ideas for a lucrative side hustle. Most of the ideas listed in this article are easy to implement, do not need a huge initial investment or any specialized skillset, and most importantly, they can be implemented without interfering with your regular job. Of course, not every idea will be right for you, but several will work perfectly for you, based on your skills, your dedication and what you are willing to do. Let’s get started. 1. BLOGGINGBlogging is a great way to earn some money on the side without interfering with your regular job. In addition, you can make money blogging from anywhere in the world. All you need is a computer and access t o the internet. So, how do you make money? Simply build an audience for your blog and then find stuff to sell them, stuff that is related to your blog’s niche. However, it is good to note that you will need to invest a lot of time upfront.2. ONLINE FREELANCINGThe internet gave birth to the gig economy, and with it came the opportunity to make money as a freelancer. If you have any skills that allow you to do work that can be delivered remotely â€"writing services, transcription, graphic design, web design, translation and so on â€" you have everything you need to become an online freelancer. Simply join a freelancing marketplace like Upwork or Freelancer.com and pitch your services to clients. 3. SEO CONSULTINGToday, virtually every business has an online presence, and business owners are willing to pay a lot of money if you can help their business websites rank well on search engines. If you have some SEO skills, you can earn good money helping businesses optimize their websites for search engines. According to Credo, SEO consultants earn an average of $136.25 per hour. Just like blogging and online freelancing, this side hustle idea can be done from anywhere in the world provided you have an internet connection. 4. BECOME A VIRTUAL ASSISTANTThere are several businesses looking for people to help them with things like book keeping, research, data entry, editing, scheduling tasks and so on. If these are services you can provide, it is a great idea for a side hustle. These services don’t take much of your time and can be done remotely, which means that you can provide virtual assistance services while still working your 9-5. You can either become a freelance virtual assistant or join an online virtual assistant agency. 5. DOMAIN FLIPPINGThis is a great side hustle idea that can make you good amounts of money in very little time without a lot of work. Domain flipping basically involves buying a good domain name at a low price and then selling it at a signifi cantly higher price to make some profit. Simply find a new domain name that can be easily branded or a premium domain that has just expired, buy it and then list it on domain auctioning websites like flippa.com. Sit back and wait for people to place their bids.6. LIST YOUR PROPERTY ON AIRBNBDo you have a spare room or even a house that you are not using? Why not rent it out to tourists and visitors on AirBnB? Listing your property on AirBnB is a simple process that involves providing the location of your property, setting your desired price, listing the amenities available and posting some pictures of the property. Once your property is listed, simply sit back and make money as visitors spend their holidays in your unoccupied home or spare room. 7. CREATE AN E-COMMERCE STOREOnline shopping is all the rage today. If you have a great product to sell, simply create an online store and start selling your products. Even if you do not have any programming skills, you can easily create an e-commerce store using platforms such as Shopify. If you do not have any product to sell, you can still make money by dropshipping. With dropshipping, you find a dropshipping supplier and list their products on your ecommerce store, with a small mark up. Once a customer makes an order, you forward the order to the supplier, who then ships the product to the customer while you pocket the difference. 8. SELL ONLINE COURSESDo you have any skills that other people are trying to learn? Create a course to teach people these skills and sell it on websites such as udemy.com or teachable. There are a lot of things people are willing to pay to learn, from Ms Excel and PowerPoint skills to things such as how to become better at communication and so on. Just find something you are good at and create an online course teaching people how to become good at it.9. EBOOK PUBLISHINGToday, you don’t need to go through a publisher in order to become an author. With platforms such as Amazon Kindle and CreateSpace, you can write your book and get published within a matter of days. Wondering what to write about? You can come up with an interesting fiction story that will get readers hooked. If that’s not your forte, you can package your skills as an eBook and sell it to those trying to learn what you already know. 10. INSTAGRAM MARKETINGDo you spend a lot of time on Instagram? Do you have a huge following on the photo sharing platform? You can easily turn this hobby into a side income by promoting the products and services of businesses to your followers. To be effective, ensure that the products and services you promote are related to the kind of content you share on your Instagram account. 11. ONLINE COACHING AND CONSULTINGIn addition to selling online courses, you can earn money from your skills by becoming an online coach or consultant. Do you have some great online business skills? Are you a social media marketing guru? Whatever your skills, there are people willing to pay i f you can get on a Skype call and help them find solutions to their problems. A good place to get started is to join sites like clarity.fm, which help link consultants to clients looking for advice.12. START A PODCASTIf the idea of starting a blog does not sound so appealing to you, you can still build a regular audience by starting a podcast. Once you have built a significant following, there are several ways you can use to make money from your podcast, such as finding businesses to sponsor your podcast in exchange for placing ads of their products and services on your podcast.13. BECOME A SOCIAL MEDIA MANAGERToday, business need to engage in some form of social media marketing. However, many business do not have the time or the skills to effectively position their brands on social media. If you know your way around social media platforms like Facebook, Twitter, Pinterest and Instagram, many businesses will be willing to pay you to become their social media manager. Your work will involve sending posts on the different social media platforms and responding to customers’ messages.14. AFFILIATE MARKETINGAffiliate marketing is a great way to make passive income. It basically involves driving traffic to another business’s products and services. For every sale that the business makes from the traffic you have sent to them, you earn a commission. You will be given your affiliate link which is used to track the traffic you have driven to the business’s sales page. You can easily get started with affiliate marketing by joining affiliate marketing networks such as Clickbank and ShareASale. 15. BECOME A GOOGLE AD SPECIALISTGoogle Ad Campaigns are a great way for businesses to grow their businesses. Unfortunately (fortunately for you), many businesses do not understand the intricacies of how Google Ads work. If you know how to set up, run and manage Google Ad Campaigns, you can make good money on the side helping businesses advertise their products and services on Google. 16. TRAVEL CONSULTINGThere are many people who would love to travel, but they do not know how to make their dream trip a reality, either because of money, limited knowledge of great travel destinations, and so on. If you love to travel and can help people find great travel destinations, top attractions in these destinations as well as cheap flights and accommodation options, people will readily pay you to help them plan their trip. You can easily market your travel consulting business through social media or through a blog. 17. BECOME A LANDING PAGE SPECIALISTBusinesses are constantly looking for ways to convert website visitors into leads and leads into buyers. If you know how to use words and design to convince people to take a certain action, you can grow a lucrative side hustle helping businesses design landing pages for their products and services. Since your services translate directly into revenue for your clients, you can bet that businesses will be willing to pay t op dollar for this service.18. SELL STOCK PHOTOSIf you love taking photos or creating digital art, you can make money off your photos and art by selling them on stock photo websites, such as iStockPhoto or Shutterstock. You simply need to create an account on these sites and upload your photos or digital art. You will then get paid every time someone purchases one of your photos. Keep in mind that one photo can be purchased severally. 19. BECOME AN ONLINE ENGLISH TUTORIf teaching sounds like something you can do, and if you are already enrolled or have attained a bachelor’s degree from an American university, you can make money teaching English to people from non-English speaking countries. Simple join platforms like VIPKid, set up your class time when you know you will be available and make $14-22 per hour teaching kids English.20. WEBSITE USER TESTINGBefore rolling out their websites to the public, many companies want to know that their websites work as envisioned for new visito rs, and they are willing to pay people to test the websites and give their feedback. To get started, you only need to sign up on a website testing platform like UserTesting.com, test the websites and apps posted on the platform and get paid. You can make up to $10 for every website or app you test.21. MAKE MONEY AS AN UBER OR LYFT DRIVERDo you have a car? Do you love driving? You can make money on your spare time by using your car as a taxi cab to drive people around your city. Simply sign up with a ride hailing service like Uber or Lyft and start earning. 22. SELL ON ETSYIf you have a creative gene and can create handmade goods such as cards, jewelry, furniture, custom smartphone and iPad cases and so on, you can make money selling these goods on Etsy, which is the world’s largest online marketplace for handmade products. Most handmade goods do not require a lot of upfront investment, and selling them on Etsy lowers your overhead, allowing you to make some good money.23. BECOME A N ONLINE DATING CONSULTANTThis might sound odd, but you can actually earn money helping people meet the loves of their lives. While there are dozens of online dating sites and apps today, many people do not know how to position their profiles on these platforms in such a way that they can attract matches. If you know how to navigate to attract potential dates on sites such as Tinder, Coffee Meets Bagel or OK Cupid, you can make money advising people on how to create awesome profiles and how to message potential dates like a smooth talker. 24. PEER TO PEER LENDINGIf you have some money to spare but aren’t sure where to invest it, you can earn some passive income by investing the money in a peer to peer lending club. These are platforms where you lend your money to multiple borrowers and earn an interest on your loan. Since you money is spread to multiple borrowers, this lowers the risk of losing all your investment.25. RENT OUT YOUR CARIf your car spends most of the time sitting in the garage, why not make some money renting it out to someone who needs to use a car for the day? There are services like Turo which allow connect you to people looking to rent a car. The amount of money you make will depend on how often your car gets hired. 26. RENT OUT YOUR DRIVEWAYThere are people who have trucks, boats and such other property and nowhere to park them. If you have some extra space in your garage or driveway, you can make money by renting it out to such people. To get started, sign up on platforms such as ParkLee or JustPark. 27. SELL ON CRAIGSLIST OR EBAYIf you have some items at home that you no longer need, you can make money by selling them on EBay or Craigslist. This can be anything, from collectibles to used household appliances, electronics, phones and furniture. Just take a photo of whatever you want to sell and post it on either of these sites.28. MAKE DELIVERIESIf you have a car and some spare time, you can make some little income delivering for PostMat es, a logistics company that allows people to order delivery from restaurants, groceries, shops and so on. The pay is not much, but depending on your city, you can make good money from tips. Alternatively, you can also make deliveries for UberEats or DoorDash. 29. SELL WORDPRESS TEMPLATESWordPress is the most popular content management system in the world, powering millions of websites. If you have some design skills, you can make money by developing WordPress themes and selling them on sites such as ThemeForest.30. TAKE PART IN ONLINE SURVEYSInstead of spending your free time scrolling your Facebook feed and liking cat videos on YouTube, why not make money filling out online surveys? Big brands are constantly conducting surveys to help them with their market research, and you can make some little money filling out such surveys. To get started, register on online survey sites such as Swagbucks Surveys, Earnably or Opinion Outpost. 31. BECOME A TASK RABBITIf you have some spare time and have no problem doing some manual tasks, you can make money helping others with small tasks. Join TaskRabbit and get connected to people who are looking for help with small manual tasks, such as cleaning, assembling Ikea furniture, moving houses, and so on. 32. INTERIOR DÉCORDo you have an eye for great design? Do you understand what makes rooms feel warm and inviting? If your answer is yes, you can make money helping people decorate their houses. You can advertise your services through word of mouth, social media, blogging, or through platforms such as Houzz. 33. APP DEVELOPMENTThis is another great way of earning a passive income. Today, most people rely on apps to help them with various things, from losing weight to learning new languages and finding directions. If you have some coding skills, you can make good money by developing apps and selling them on various app stores. If you have a great application, the income from the app can even surpass that from your regular job. 34. CAR WASHING AND DETAILINGMajority of families have a car, and you can make a significant side income on weekends by washing and detailing cars for your neighbors. Professional detailing centers can be quite expensive, and sometimes people do not have the time to take their vehicles to the car detailing centers. If you can do a good job at a reasonable price, you can easily become the neighborhood car detailer. The best part about this side hustle is that you only need a water supply and a few items which can be bought cheaply. 35. HOME OR OFFICE CLEANINGIf car detailing is not your thing, you can still make money helping people clean their homes and offices. Many people will pay handsomely to have their homes and offices thoroughly cleaned. Most of your customers will require cleaning only on weekends, which means that this side hustle won’t interfere with your regular job. The best part is that, if you do a great job, many of them can become repeat clients.36. BECOME A PHOTO GRAPHERDo you like taking photos? Do you have a professional camera? You can make money and have fun taking photos of people and their families. If you position yourself as a professional wedding or event photographer, you can earn a serious money every weekend for just a few hours of work. 37. OFFER POOL CLEANING SERVICESIf you know how to clean pools, why not start a pool cleaning business on the side? Most pool owners won’t have trouble paying a decent amount to have their pools cleaned. All you need to get started is a water testing kit, a pool schemer and the requisite chemicals. You might also need a vehicle to help you get to clients’ premises. 38. SET UP A VENDING MACHINEThis is another great way of earning a passive income on the side. While you might need some upfront investment for buying the vending machine and stocking it with items, once it is set up you can just leave it alone and come once a week to collect your money and restock the machine. To maximize your ear nings, make sure your machine is located in a high traffic area.39. CAR FLIPPINGIf you have a good knowledge of cars and solid negotiation skills, you can make serious money by buying cars for a low price and selling them for a profit. However, this side hustle will require a sizeable upfront investment for purchasing the cars.40. COVER LETTER AND RESUME SERVICEJob searching takes a lot of effort, and if you can help people improve the chances of job seekers getting hired, you have a clear money making opportunity on your hands. If you have some experience with the recruitment process, you can start a lucrative side hustle helping job seekers optimize their cover letters and resumes. 41. BECOME A MYSTERY SHOPPERIf you enjoy shopping, why not get paid for recording your shopping experience and giving your feedback? You might be wondering who would pay you for something like that. Well, many businesses pay mystery shoppers to shop and test the quality of customer service. In addition, some other companies will pay mystery shoppers to spy on their competitors. With online shopping having become mainstream, you can even become a mystery shopper without leaving the comfort of your home. In addition, becoming a mystery shopper does not require any upfront investment. To get started, sign up on mystery shopping platforms such as Secret Shopper or Field Agent. 42. BECOME A SOFTWARE DEVELOPERIf you have some coding skills, you can start building software on the side. The good thing with software development is that one piece of software can be sold multiple times, which makes it a great source of passive income. If you do not have coding skills, you can still hire someone to build the software for you, which you can then sell and build your own software empire. 43. DOG WALKING AND PET SITTINGMany people keep dogs, yet many do not have the time to walk their dogs. If there are lots of dog owners within your neighborhood, simply print some flyers and distribute them to p eople’s homes advertising your dog walking business. Similarly, you can make money sitting pets for people while they travel. 44. MODELINGIf you look good and feel confident in front of cameras and crowds, you can make some money on the side as a model. Most modeling gigs happen at night and on weekends, which means that this side hustle is unlikely to interfere with your day job. A good way to get started is to join a modeling agency. Depending on your chosen agency and the kind of clients it attracts, modeling can be very lucrative. 45. JOIN A RESEARCH GROUPAs part of their market research, big companies are constantly looking for people who can provide their opinions about products and services. By joining these research groups and providing your opinion, you can make some easy money on the side. This side hustle is best suited for college students, since opportunities for joining research groups are usually distributed in colleges and universities. 46. BECOME A VOICEOVER ARTIS TIf you have a great voice, you can make money by making voice recordings for commercials, audio books, e-learning projects, website tours, and explainer videos. To get started, sign up to voice talent websites such as voice.com, VoiceBunny and Backstage.  47. WASH WINDOWSIf you have no problem washing windows, you can make a sizeable side income washing people’s windows. You can charge anywhere from $5 per window for people’s homes to $20 per window for business establishments and malls. To get started, you need nothing more than a bucket and a squeegee. 48. HELP PEOPLE PREPARE THEIR TAXESFiling taxes is compulsory, yet many people usually have a hard time filing their taxes. If you are a whiz when it comes to doing your taxes, you can start a lucrative side business as a tax preparer. According to the Bureau of Labor Statistics, tax preparers earn $20.84 an hour on average, which is good money. However, before you get started, you will need to get a Preparer Tax Identification Number (PTIN). You might also need to get some certification depending on your State’s laws.49. BECOME A PERSONAL CHEFIf you have great culinary skills, you can make money by offering to go into someone’s home and cook them several meals a couple of times each week. Alternatively, you can cook the meals in your own kitchen and then deliver them to your clients. To avoid finding yourself on the wrong side of the law, check whether your State has any laws requiring food to be made in a commercially-certified kitchen if it is meant for sale.50. BECOME A PERSONAL TRAINERIf you are fitness freak, you can make money doing what you love by helping people achieve their own fitness. You can either help them work out at the gym or come up with a workout routine that can be done outdoors. Becoming a fitness trainer does not require much investment, and most of your marketing can be done by word of mouth and through referrals. However, you might need to get some certification before you st art working as a fitness trainer. WRAPPING UPWe have provided you with 50 awesome ideas for a lucrative side hustle, and we hope that you have found one that is perfect for you. What you need to do now is to take action and get your side hustle started. Keep in mind that many of these ideas will require you to work hard at the beginning if you want to earn a significant income. However, many of these ideas are fun to try out and have a lot of potential. I wouldn’t be surprised if you decide to start working on your side hustle full time a year down the line.

50 Ideas for a Lucrative Side Hustle

50 Ideas for a Lucrative Side Hustle In these harsh economic times, almost everyone is looking for ideas for a lucrative side hustle that can help them supplement the income they get from their regular job. The good thing is that there are lots of great ideas that can help you make some good money on the side. To make matters easier for you, we have compiled a list of 50 awesome ideas for a lucrative side hustle. Most of the ideas listed in this article are easy to implement, do not need a huge initial investment or any specialized skillset, and most importantly, they can be implemented without interfering with your regular job. Of course, not every idea will be right for you, but several will work perfectly for you, based on your skills, your dedication and what you are willing to do. Let’s get started. 1. BLOGGINGBlogging is a great way to earn some money on the side without interfering with your regular job. In addition, you can make money blogging from anywhere in the world. All you need is a computer and access t o the internet. So, how do you make money? Simply build an audience for your blog and then find stuff to sell them, stuff that is related to your blog’s niche. However, it is good to note that you will need to invest a lot of time upfront.2. ONLINE FREELANCINGThe internet gave birth to the gig economy, and with it came the opportunity to make money as a freelancer. If you have any skills that allow you to do work that can be delivered remotely â€"writing services, transcription, graphic design, web design, translation and so on â€" you have everything you need to become an online freelancer. Simply join a freelancing marketplace like Upwork or Freelancer.com and pitch your services to clients. 3. SEO CONSULTINGToday, virtually every business has an online presence, and business owners are willing to pay a lot of money if you can help their business websites rank well on search engines. If you have some SEO skills, you can earn good money helping businesses optimize their websites for search engines. According to Credo, SEO consultants earn an average of $136.25 per hour. Just like blogging and online freelancing, this side hustle idea can be done from anywhere in the world provided you have an internet connection. 4. BECOME A VIRTUAL ASSISTANTThere are several businesses looking for people to help them with things like book keeping, research, data entry, editing, scheduling tasks and so on. If these are services you can provide, it is a great idea for a side hustle. These services don’t take much of your time and can be done remotely, which means that you can provide virtual assistance services while still working your 9-5. You can either become a freelance virtual assistant or join an online virtual assistant agency. 5. DOMAIN FLIPPINGThis is a great side hustle idea that can make you good amounts of money in very little time without a lot of work. Domain flipping basically involves buying a good domain name at a low price and then selling it at a signifi cantly higher price to make some profit. Simply find a new domain name that can be easily branded or a premium domain that has just expired, buy it and then list it on domain auctioning websites like flippa.com. Sit back and wait for people to place their bids.6. LIST YOUR PROPERTY ON AIRBNBDo you have a spare room or even a house that you are not using? Why not rent it out to tourists and visitors on AirBnB? Listing your property on AirBnB is a simple process that involves providing the location of your property, setting your desired price, listing the amenities available and posting some pictures of the property. Once your property is listed, simply sit back and make money as visitors spend their holidays in your unoccupied home or spare room. 7. CREATE AN E-COMMERCE STOREOnline shopping is all the rage today. If you have a great product to sell, simply create an online store and start selling your products. Even if you do not have any programming skills, you can easily create an e-commerce store using platforms such as Shopify. If you do not have any product to sell, you can still make money by dropshipping. With dropshipping, you find a dropshipping supplier and list their products on your ecommerce store, with a small mark up. Once a customer makes an order, you forward the order to the supplier, who then ships the product to the customer while you pocket the difference. 8. SELL ONLINE COURSESDo you have any skills that other people are trying to learn? Create a course to teach people these skills and sell it on websites such as udemy.com or teachable. There are a lot of things people are willing to pay to learn, from Ms Excel and PowerPoint skills to things such as how to become better at communication and so on. Just find something you are good at and create an online course teaching people how to become good at it.9. EBOOK PUBLISHINGToday, you don’t need to go through a publisher in order to become an author. With platforms such as Amazon Kindle and CreateSpace, you can write your book and get published within a matter of days. Wondering what to write about? You can come up with an interesting fiction story that will get readers hooked. If that’s not your forte, you can package your skills as an eBook and sell it to those trying to learn what you already know. 10. INSTAGRAM MARKETINGDo you spend a lot of time on Instagram? Do you have a huge following on the photo sharing platform? You can easily turn this hobby into a side income by promoting the products and services of businesses to your followers. To be effective, ensure that the products and services you promote are related to the kind of content you share on your Instagram account. 11. ONLINE COACHING AND CONSULTINGIn addition to selling online courses, you can earn money from your skills by becoming an online coach or consultant. Do you have some great online business skills? Are you a social media marketing guru? Whatever your skills, there are people willing to pay i f you can get on a Skype call and help them find solutions to their problems. A good place to get started is to join sites like clarity.fm, which help link consultants to clients looking for advice.12. START A PODCASTIf the idea of starting a blog does not sound so appealing to you, you can still build a regular audience by starting a podcast. Once you have built a significant following, there are several ways you can use to make money from your podcast, such as finding businesses to sponsor your podcast in exchange for placing ads of their products and services on your podcast.13. BECOME A SOCIAL MEDIA MANAGERToday, business need to engage in some form of social media marketing. However, many business do not have the time or the skills to effectively position their brands on social media. If you know your way around social media platforms like Facebook, Twitter, Pinterest and Instagram, many businesses will be willing to pay you to become their social media manager. Your work will involve sending posts on the different social media platforms and responding to customers’ messages.14. AFFILIATE MARKETINGAffiliate marketing is a great way to make passive income. It basically involves driving traffic to another business’s products and services. For every sale that the business makes from the traffic you have sent to them, you earn a commission. You will be given your affiliate link which is used to track the traffic you have driven to the business’s sales page. You can easily get started with affiliate marketing by joining affiliate marketing networks such as Clickbank and ShareASale. 15. BECOME A GOOGLE AD SPECIALISTGoogle Ad Campaigns are a great way for businesses to grow their businesses. Unfortunately (fortunately for you), many businesses do not understand the intricacies of how Google Ads work. If you know how to set up, run and manage Google Ad Campaigns, you can make good money on the side helping businesses advertise their products and services on Google. 16. TRAVEL CONSULTINGThere are many people who would love to travel, but they do not know how to make their dream trip a reality, either because of money, limited knowledge of great travel destinations, and so on. If you love to travel and can help people find great travel destinations, top attractions in these destinations as well as cheap flights and accommodation options, people will readily pay you to help them plan their trip. You can easily market your travel consulting business through social media or through a blog. 17. BECOME A LANDING PAGE SPECIALISTBusinesses are constantly looking for ways to convert website visitors into leads and leads into buyers. If you know how to use words and design to convince people to take a certain action, you can grow a lucrative side hustle helping businesses design landing pages for their products and services. Since your services translate directly into revenue for your clients, you can bet that businesses will be willing to pay t op dollar for this service.18. SELL STOCK PHOTOSIf you love taking photos or creating digital art, you can make money off your photos and art by selling them on stock photo websites, such as iStockPhoto or Shutterstock. You simply need to create an account on these sites and upload your photos or digital art. You will then get paid every time someone purchases one of your photos. Keep in mind that one photo can be purchased severally. 19. BECOME AN ONLINE ENGLISH TUTORIf teaching sounds like something you can do, and if you are already enrolled or have attained a bachelor’s degree from an American university, you can make money teaching English to people from non-English speaking countries. Simple join platforms like VIPKid, set up your class time when you know you will be available and make $14-22 per hour teaching kids English.20. WEBSITE USER TESTINGBefore rolling out their websites to the public, many companies want to know that their websites work as envisioned for new visito rs, and they are willing to pay people to test the websites and give their feedback. To get started, you only need to sign up on a website testing platform like UserTesting.com, test the websites and apps posted on the platform and get paid. You can make up to $10 for every website or app you test.21. MAKE MONEY AS AN UBER OR LYFT DRIVERDo you have a car? Do you love driving? You can make money on your spare time by using your car as a taxi cab to drive people around your city. Simply sign up with a ride hailing service like Uber or Lyft and start earning. 22. SELL ON ETSYIf you have a creative gene and can create handmade goods such as cards, jewelry, furniture, custom smartphone and iPad cases and so on, you can make money selling these goods on Etsy, which is the world’s largest online marketplace for handmade products. Most handmade goods do not require a lot of upfront investment, and selling them on Etsy lowers your overhead, allowing you to make some good money.23. BECOME A N ONLINE DATING CONSULTANTThis might sound odd, but you can actually earn money helping people meet the loves of their lives. While there are dozens of online dating sites and apps today, many people do not know how to position their profiles on these platforms in such a way that they can attract matches. If you know how to navigate to attract potential dates on sites such as Tinder, Coffee Meets Bagel or OK Cupid, you can make money advising people on how to create awesome profiles and how to message potential dates like a smooth talker. 24. PEER TO PEER LENDINGIf you have some money to spare but aren’t sure where to invest it, you can earn some passive income by investing the money in a peer to peer lending club. These are platforms where you lend your money to multiple borrowers and earn an interest on your loan. Since you money is spread to multiple borrowers, this lowers the risk of losing all your investment.25. RENT OUT YOUR CARIf your car spends most of the time sitting in the garage, why not make some money renting it out to someone who needs to use a car for the day? There are services like Turo which allow connect you to people looking to rent a car. The amount of money you make will depend on how often your car gets hired. 26. RENT OUT YOUR DRIVEWAYThere are people who have trucks, boats and such other property and nowhere to park them. If you have some extra space in your garage or driveway, you can make money by renting it out to such people. To get started, sign up on platforms such as ParkLee or JustPark. 27. SELL ON CRAIGSLIST OR EBAYIf you have some items at home that you no longer need, you can make money by selling them on EBay or Craigslist. This can be anything, from collectibles to used household appliances, electronics, phones and furniture. Just take a photo of whatever you want to sell and post it on either of these sites.28. MAKE DELIVERIESIf you have a car and some spare time, you can make some little income delivering for PostMat es, a logistics company that allows people to order delivery from restaurants, groceries, shops and so on. The pay is not much, but depending on your city, you can make good money from tips. Alternatively, you can also make deliveries for UberEats or DoorDash. 29. SELL WORDPRESS TEMPLATESWordPress is the most popular content management system in the world, powering millions of websites. If you have some design skills, you can make money by developing WordPress themes and selling them on sites such as ThemeForest.30. TAKE PART IN ONLINE SURVEYSInstead of spending your free time scrolling your Facebook feed and liking cat videos on YouTube, why not make money filling out online surveys? Big brands are constantly conducting surveys to help them with their market research, and you can make some little money filling out such surveys. To get started, register on online survey sites such as Swagbucks Surveys, Earnably or Opinion Outpost. 31. BECOME A TASK RABBITIf you have some spare time and have no problem doing some manual tasks, you can make money helping others with small tasks. Join TaskRabbit and get connected to people who are looking for help with small manual tasks, such as cleaning, assembling Ikea furniture, moving houses, and so on. 32. INTERIOR DÉCORDo you have an eye for great design? Do you understand what makes rooms feel warm and inviting? If your answer is yes, you can make money helping people decorate their houses. You can advertise your services through word of mouth, social media, blogging, or through platforms such as Houzz. 33. APP DEVELOPMENTThis is another great way of earning a passive income. Today, most people rely on apps to help them with various things, from losing weight to learning new languages and finding directions. If you have some coding skills, you can make good money by developing apps and selling them on various app stores. If you have a great application, the income from the app can even surpass that from your regular job. 34. CAR WASHING AND DETAILINGMajority of families have a car, and you can make a significant side income on weekends by washing and detailing cars for your neighbors. Professional detailing centers can be quite expensive, and sometimes people do not have the time to take their vehicles to the car detailing centers. If you can do a good job at a reasonable price, you can easily become the neighborhood car detailer. The best part about this side hustle is that you only need a water supply and a few items which can be bought cheaply. 35. HOME OR OFFICE CLEANINGIf car detailing is not your thing, you can still make money helping people clean their homes and offices. Many people will pay handsomely to have their homes and offices thoroughly cleaned. Most of your customers will require cleaning only on weekends, which means that this side hustle won’t interfere with your regular job. The best part is that, if you do a great job, many of them can become repeat clients.36. BECOME A PHOTO GRAPHERDo you like taking photos? Do you have a professional camera? You can make money and have fun taking photos of people and their families. If you position yourself as a professional wedding or event photographer, you can earn a serious money every weekend for just a few hours of work. 37. OFFER POOL CLEANING SERVICESIf you know how to clean pools, why not start a pool cleaning business on the side? Most pool owners won’t have trouble paying a decent amount to have their pools cleaned. All you need to get started is a water testing kit, a pool schemer and the requisite chemicals. You might also need a vehicle to help you get to clients’ premises. 38. SET UP A VENDING MACHINEThis is another great way of earning a passive income on the side. While you might need some upfront investment for buying the vending machine and stocking it with items, once it is set up you can just leave it alone and come once a week to collect your money and restock the machine. To maximize your ear nings, make sure your machine is located in a high traffic area.39. CAR FLIPPINGIf you have a good knowledge of cars and solid negotiation skills, you can make serious money by buying cars for a low price and selling them for a profit. However, this side hustle will require a sizeable upfront investment for purchasing the cars.40. COVER LETTER AND RESUME SERVICEJob searching takes a lot of effort, and if you can help people improve the chances of job seekers getting hired, you have a clear money making opportunity on your hands. If you have some experience with the recruitment process, you can start a lucrative side hustle helping job seekers optimize their cover letters and resumes. 41. BECOME A MYSTERY SHOPPERIf you enjoy shopping, why not get paid for recording your shopping experience and giving your feedback? You might be wondering who would pay you for something like that. Well, many businesses pay mystery shoppers to shop and test the quality of customer service. In addition, some other companies will pay mystery shoppers to spy on their competitors. With online shopping having become mainstream, you can even become a mystery shopper without leaving the comfort of your home. In addition, becoming a mystery shopper does not require any upfront investment. To get started, sign up on mystery shopping platforms such as Secret Shopper or Field Agent. 42. BECOME A SOFTWARE DEVELOPERIf you have some coding skills, you can start building software on the side. The good thing with software development is that one piece of software can be sold multiple times, which makes it a great source of passive income. If you do not have coding skills, you can still hire someone to build the software for you, which you can then sell and build your own software empire. 43. DOG WALKING AND PET SITTINGMany people keep dogs, yet many do not have the time to walk their dogs. If there are lots of dog owners within your neighborhood, simply print some flyers and distribute them to p eople’s homes advertising your dog walking business. Similarly, you can make money sitting pets for people while they travel. 44. MODELINGIf you look good and feel confident in front of cameras and crowds, you can make some money on the side as a model. Most modeling gigs happen at night and on weekends, which means that this side hustle is unlikely to interfere with your day job. A good way to get started is to join a modeling agency. Depending on your chosen agency and the kind of clients it attracts, modeling can be very lucrative. 45. JOIN A RESEARCH GROUPAs part of their market research, big companies are constantly looking for people who can provide their opinions about products and services. By joining these research groups and providing your opinion, you can make some easy money on the side. This side hustle is best suited for college students, since opportunities for joining research groups are usually distributed in colleges and universities. 46. BECOME A VOICEOVER ARTIS TIf you have a great voice, you can make money by making voice recordings for commercials, audio books, e-learning projects, website tours, and explainer videos. To get started, sign up to voice talent websites such as voice.com, VoiceBunny and Backstage.  47. WASH WINDOWSIf you have no problem washing windows, you can make a sizeable side income washing people’s windows. You can charge anywhere from $5 per window for people’s homes to $20 per window for business establishments and malls. To get started, you need nothing more than a bucket and a squeegee. 48. HELP PEOPLE PREPARE THEIR TAXESFiling taxes is compulsory, yet many people usually have a hard time filing their taxes. If you are a whiz when it comes to doing your taxes, you can start a lucrative side business as a tax preparer. According to the Bureau of Labor Statistics, tax preparers earn $20.84 an hour on average, which is good money. However, before you get started, you will need to get a Preparer Tax Identification Number (PTIN). You might also need to get some certification depending on your State’s laws.49. BECOME A PERSONAL CHEFIf you have great culinary skills, you can make money by offering to go into someone’s home and cook them several meals a couple of times each week. Alternatively, you can cook the meals in your own kitchen and then deliver them to your clients. To avoid finding yourself on the wrong side of the law, check whether your State has any laws requiring food to be made in a commercially-certified kitchen if it is meant for sale.50. BECOME A PERSONAL TRAINERIf you are fitness freak, you can make money doing what you love by helping people achieve their own fitness. You can either help them work out at the gym or come up with a workout routine that can be done outdoors. Becoming a fitness trainer does not require much investment, and most of your marketing can be done by word of mouth and through referrals. However, you might need to get some certification before you st art working as a fitness trainer. WRAPPING UPWe have provided you with 50 awesome ideas for a lucrative side hustle, and we hope that you have found one that is perfect for you. What you need to do now is to take action and get your side hustle started. Keep in mind that many of these ideas will require you to work hard at the beginning if you want to earn a significant income. However, many of these ideas are fun to try out and have a lot of potential. I wouldn’t be surprised if you decide to start working on your side hustle full time a year down the line.

Purpose and goals of Factoring in business - Free Essay Example

Sample details Pages: 6 Words: 1653 Downloads: 9 Date added: 2017/06/26 Category Business Essay Type Narrative essay Did you like this example? Factoring  is a  financial transaction  whereby a business sells its  accounts receivable  (i.e.,  invoices) to a third party (called a  factor) at a  discount  in exchange for immediate money with which to finance continued business. Factoring differs from a  bank loan  in three main ways. First, the emphasis is on the value of the  receivables (essentially a  financial asset), not the firms  credit worthiness. Don’t waste time! Our writers will create an original "Purpose and goals of Factoring in business" essay for you Create order Secondly, factoring is not a  loan   it is the purchase of a  financial asset  (the  receivable). Finally, a bank loan involves two parties whereas factoring involves three. Factoring is a method used by a firm to obtain Cash when the available Cash Balance held by the firm is insufficient to meet current obligations and accommodate its other cash needs, such as new orders or contracts. The use of Factoring to obtain the Cash needed to accommodate the firms immediate Cash needs will allow the firm to maintain a smaller ongoing Cash Balance. By reducing the size of its Cash Balances, more money is made available for investment in the firms growth. A company sells its invoices at a discount to their face value when it calculates that it will be better off using the proceeds to bolster its own growth than it would be by effectively functioning as its customers bank. Accordingly, Factoring occurs when the rate of return on the proceeds invested in pr oduction exceed the costs associated with Factoring the Receivables. Therefore, the trade off between the return the firm earns on investment in production and the cost of utilizing a Factor is crucial in determining both the extent Factoring is used and the quantity of Cash the firm holds on hand. The various steps involved in a Factoring is summarized in the below drawn diagram: The benefits of factoring The factoring services consist of four main functions: Finance for the supplier; the factoring  pays the client the amount necessary for his working, in exchange for his invoices. Maintenance of the receivables account; the factoring company manages the trade debts of the client, keeping the sales accounts ledgers and sending out the invoices. Collection of receivables; the factoring company collects the payments due from the debtors of the client. Protection against the default in payment by debtors; the factoring company carries the risk of any bad debt (if the debtor fails to pay). Factoring in India Factoring service in India is of recent origin. It owes its genesis to the recommendations of the Kalyanasundaram Study Group appointed by the RBI in 1989. Pursuant to the acceptance of these recommendations, the RBI issued guidelines for factoring services in 1990. An amendment was made in the Banking Regulation Act in 1983, whereby banks were permitted to provide these services either through their own departments or divisions or through their subsidiaries. Direct and indirect lending services were provided by setting up merchant banking and mutual funds subsidiaries. Factoring and forfaiting services were of recent origin following the recommendation of the Kalyansundram Committee, set up by the RBI in 1988. The Committee was constituted to examine the feasibility of factoring services in India, their constitution, organizational setup and scope of activities. The group recommended setting up of specified agencies or subsidiaries for providing the factoring services in India. While attempting to assess the potential demand for factoring services in India, the study group under the leadership of Mr. C. S. Kalyansundram estimated the value of outstanding open account credit sales available for financing during 1989-90 at Rs. 12,000 crore in respect of SSI and Rs. 4500 crore for medium and large scale sector. Assuming only 50% of the above business will be available for factoring; the aggregate potential demand for factoring was expected to be around Rs. 4000 crore per annum mainly emerging from the SSI and large and medium companies. The first factoring company was started by the SBI in 1991 namely Factors and Commercial Ltd. (SBI FACS) followed by Canara Bank and PNB, setting the subsidiaries for the purpose. While the SBI would provide such services in the Western region, the RBI has permitted the Canara Bank and PNB to concentrate on the Southern and Northern regions of the country, for providing such services for the customers. The major players si nce 1991 are Canbank Factors, SBI Factors and later Foremost Factors. The new entrants in the market include ICICI, HSBC and Global Trade Finance. Canbank Factors leads in the domestic market with about .65%-70%of the share. Growth of factoring in India has been far from slow. According to a World Bank report, Indias factoring activity grew by over 800% between 1998 and 2003. According to the latest report from Factors Chain International (FCI), the Indian factoring market has grown from Euro 1290 million to Euro 3560 million (a growth of 176%) between 2002 and 2006. The Vaghul Committee Report on Money Market Reforms has stressed on the need for factoring services to be developed in India as part of the money market instruments. Many new instruments had already been introduced like Commercial Paper (CP), Participation Certificates (PC), Certificates of Deposits etc. but the factoring service has not developed to any significant extent in India. According to Factors Chain I nternational, a global umbrella organization of factoring companies, India with just eight companies clocked a total turnover of Rs 19,860.5 crore in 2006 way below Japans Rs 4,15,789.1 crore Taiwans Rs 2,23,152. 6 crore and Chinas Rs 7,97,77.1 crore in Asia. The Indian factoring market has grown by 176 per cent from Rs 7,196.7 crore to Rs 19,860.5 crore between 2002 and 2006. Global leaders are the UK, France and Italy. Mr. Arvind Sonmale, MD CEO, Global Trade Finance Ltd, said: India accounts for 0.3 per cent of the world turnover. Even among Asian countries, Indias share works out to an insignificant 2.37 per cent. It is estimated further that the factoring market would grow to reach a volume of Rs 45,944 crore by end-2007. Given the vast size of the Indian SME sector, factoring, which is getting qualitatively revamped from time to time by newly updated product lines, is expected to grow in the long run. Roadblocks for Growth in India The overall worldwide growth in factoring is estimated at 12%. Europe has the largest market representing 64% of the world volumes with a growth of 18% during the year. Americas growth was 10%, whereas Australia recorded impressive growth of 40%. Asia saw a fall in volume. The growth trends mentioned above support the fact that there is enormous scope for expansion worldwide and India is no exception to this. The potential in India is estimated at an annual turnover of Rs. 15000 to Rs. 20000 cr, but large portion is untapped because of the following reasons:   1) Though Factoring is similar to Bill Discounting, What people fail to understand is that similarity is only in one aspect, i.e., both provide short term finance against receivables. Factoring also provides a package of other services which many people are not aware of.    2)  Recourse    factoring only provides financing but not credit covers, whereas in case of non-recourse factori ng, in the event of    default of a customer, the factor will bear the risk of bad debt.    However, the facility, which will attract more clients, is    almost missing, in India.      3) Factors have not been successful in creating awareness about    the concept of factoring. The difference between factoring    and bills discounting is still not clearly understood. The    customers are still not aware of the extra benefits and services    they can enjoy through factoring; they are not demanding these    services from factoring service providers. Â     4)Bankers do not permit their Customer to Shift their Business    to Factors: Every businessman invariably has dealings    with a bank. Hence, his banker does not permit him to shift his    account receivables business to a factor, but promises to    meet his requirements. A World Bank study says weak contr act enforcement institutions and tax, legal, and regulatory impediments will hamper factoring services. Factoring generally requires good historical credit information on all buyers; if unavailable, the factor takes on a large credit risk. It also points out that fraud represents another big problem in this industry (e.g. bogus receivables and non-existent customers). Mr. Laxman N. Sankade, Managing Director, Canbank Factors Ltd, said: For factoring to develop, it is imperative that an enabling legal environment be created and the Factoring Bill be passed in Parliament. It is also seen that a lot of weak companies would actually be able to tide over their liquidity problems if the receivables are acceptable to the factoring companies and which could be factored. According to Mr. Basab Majumdar, Head- Factoring and Receivables Finance, India, HSBC, Assignment of debt is still a cumbersome process and involves stamp duty which again is a State level subject and there is no unifo rmity in the rates of stamp duty across States. Moreover, every time a debt has to be assigned to the factor and stamp duty paid on the transaction, which has the potential of making the proposition expensive for the client. Most of the developed countries have implemented clear laws related to assignment/transfer of debt, bankruptcy, debt recovery, etc. Additionally in India, access to information on companies, their repayment performance with the banking system, etc is thinly available, which results in lack of information to decide on credit. According to Mr. Sankade, factoring in its true sense is factoring without recourse to the client. This may not be possible in India unless credit insurance is introduced in the country. In most of the Western countries, factoring is done without recourse, as they have the facility of credit insurance from insurance companies. Some of the factoring companies are also not happy with their status as non-banking finance company (NBFC). Mr . Sonmale said: We cant initiate summary proceedings. There is no protection under either Debt Recovery Tribunal (DRT) or the Securitisation Act. Mr. Sankade said they have been pitching for a good sub-classification under the NBFC as a factoring company which would be better to attract business. He said banks should see factoring as a product that is complementary and improves the risk profile of the receivables.

Writing Is A Major Part Of College Courses Essay - 1685 Words

Writing is a major part of college courses. Most courses will require you to write a paper to pass the course. Writing has not always been something that I have excelled in. I was never a good writer from the start. This paper is to show where I have struggled in the past, currently and where I improved in my writing. It will explain where I got help in years previous to Neumann University along with my first semester at Neumann University. This will include grammar, word choice, using resources from the local library and correctly citing them. I will also explain how my one class in my high school graded my whole paper wrong for using â€Å"I† and how I used that information in my classes now to improve on that and not let it happen in the future. Throughout my four years in high school and my years in middle school, I got help for my writing. I always tend to write a paper and not re-read it over. I just want to finish it and move on to the next thing on my to-do list. 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Troy By Wolfgang Petersen And Homer s Historic Epic Iliad

The 2004 film Troy by Wolfgang Petersen and Homer’s historic epic Iliad both center on the Trojan War between the Achaeans and the Trojans, but with two distinct differences in coverage. During Homer’s era, these heroes, the great Achilles and Hector, were known to all, but in modern times they are not as prevalent and thus both artists needed to adapt their approach to this tale. Homer’s Iliad delves into the ninth year of strife with Achilles and Agamemnon‘s quarrel in full effect and the Greeks on the verge of sacking Troy. Petersen’s Troy, however does not have the same established background that Homer possessed and adapted by beginning with who these characters are and how the story of the Trojan War began. The coverage of Troy also pushes pass the easing of Achilles wrath and into the sacking of Troy, fleeing of Aeneas, and the demise of Achilles. Rather than a simple recreation of the Iliad, Troy attempts to balance the grand story of Achille s’ struggle for immortality, Hector’s courage to save his people from foretold death, and who is truly on the virtuous side. With no background for the audience to base the story, Troy begins around 1200 BCE with King Agamemnon of Mycenae conquering the final Greek troops of Triopas to unite Greece, before the Trojan War. Quite a different beginning than the start of the Iliad, which occurs roughly ten years later. The audience needs to know these characters relationships and history first. When the film opens, Agamemnon is the