Business Finance Profile

Archive for October, 2010

Although it makes sense to get in touch with a life insurance company to cover your dependents in the eventuality of your untimely death, there are integrity issues surrounding the insurance companies and agents. Broadly there can be 3 ways your life insurance company is scamming you. We have enlisted them for your benefit.

Selling Coverage that you don’t need!
The insurance companies thrive on the fact that most people don’t understand their life insurance needs. With standard products, they try to sell you coverage that you might not need, but, which are lucrative for them. The insurance agents expedite the process so that you skip the fine print and sign up for a coverage that is ill-suited to your needs. The trick is to play on your fear factor and sell you heavy insurance, even if you don’t have dependents.

Coaxing you to pay ‘Cash’
We strongly suggest, do not pay your premium through cash to an agent. Further, do ensure that you get a receipt for the payment. There are numerous fraudulent entities posing as genuine insurance agencies that extract hard cash from you in lieu of insurance premium. They ask you to sign at blank spaces in a form, assuring you that it is just a formality. Once you have fallen for their trick, you are left without an insurance coverage. The worst part is that most victims only come to know of this scam, when they have met with some mishap and there is not insurance to cover them.

Luring you with benefits!
Insurance agencies and agents have a way of promising you unbelievable benefits out a life insurance policy. Life insurance agents might offer you plans, with a guarantee that the policy would run premium-free for a specific period. Some agents play it smart and offer you great discounts for signing you up for a new policy, while replacing an old policy. The trick is that the old coverage gets terminated and new coverage does not get initiated due to the cumbersome procedural bottlenecks. Thus, exposing you to risk without cover.

Did you know that 85% of Non Profit Fundraising every year is acquired from direct individual donations?
That 85% consists of large and small donations but it is the steady stream of small donations that keep most nonprofits afloat.
One should plan and forward his or her steps careful if the organization is new and they are not sure about the process of Non Profit Fundraising.
Ideally, first step should be to cultivate donors in the local community and than move on to Internet Fundraising.
How does one raise funds?
One can raise your funds through grants, product sale and special events and by phonathons. Online fundraising is very popular around the world these days.
Primarily one has to find one or two donor who will make a large donation (known as major donors).
Let us discuss some simple steps to get prospective donors interested and involved in the project.
1) Create a list of prospective donors who may get interested in organization’s activities.
2) Primarily one should concentrate on friend-raising activities rather than a
fund-raising one, like organizing some special events (a spaghetti dinner, carnival, concert, or some other fun activity) with several door prizes.
3) Now create a mailing list of those persons who are somewhat interested or may get interested about the organization. One should include the following points in the mailing list-
a) detailed address of office and residence
b) phone number
c) personal & detailed information
4) Within 3 days mail a nice letter to every listed individual. In addition, tell them-
a) how the organization is helping someone in the community.
b) that it is only possible with the support (monetary and otherwise) from
good people like them.
c) ask them for contribution and include a pre-addressed return envelope to make it easy for the donor.
5) Try to invite the prospect to come as a volunteer.
a)  have a volunteer coordinator well prepared in advance to accept all calls, and to put them to good use.
b)  the coordinator should introduce them to the staff, and make them feel to be a part of the organization. Once a volunteer feels to be a part of the organization, he or she (and friends) is more likely to contribute.
6) Send letters and newsletters to those who did not volunteer. It may work to good effect if they are asked to speak to their civic groups, church groups about the organization. A good relationship always pays. .
7) Thank anybody and everybody whenever and however possible on whatever occasion.
Finally, maintaining donors’ involvement over time is indispensable. Try to get them excited about what you are doing with their kind help.
Remember: Non Profit Fundraising is all about building relationships.

Figuring out a budget is something that too many people have difficulty with and there is definitely no doubt about that. Unfortunately people, including myself, are just not educated enough about finding debt relief by having the ability to properly manage a well balanced budget. Following a strict budget each month or week, however you would want to do it, is no doubt the best way for everyone to improve their debt condition.

This is something that you should all really have already started thinking about because knowing how to manage your money properly and being consistent with it, will drastically pay off down the road. You will finally be able to enjoy your life completely, without all of the worries that come along for anyone who is just totally overloaded with debt over debt over debt.

Your budget will make it possible for you to recognize that you can survive every single month, not just survive though, much better than that, you could potentially have a little bit of extra money each and every month! How fabulous would that be people? You know you want it, you know you are exhausted thinking about your debt, so get up off that couch and stop pitying yourself, try fixing your debt problems instead of forgetting about them!

Allow your budget to work for you, no matter what might come up unexpectedly. If you can do this month after month, I do believe that you are just really going to be shocked by the wonderful results. You will have so much more confidence each day just knowing that you can make it on your own, you are a responsible, mature and highly intelligent individual. Learning about managing your money and following strict budgets at an early age in life sure did pay off for you as an adult, aren’t you so proud of yourself!

Most of us do have a great deal in common unfortunately, whenever it comes to spending more money than we can truly afford to spend each month and it is definitely a very serious problem, or could eventually become a serious debt concern of yours. Creating this amazing budget for yourself can dramatically improve your severe debt issues for good, how fantastic does that sound?

Take the time out of your busy and very hectic schedule, sit down, take a deep breath and prepare yourself for this fun and exciting learning experience. You will learn so much about yourself once you have prepared a budget for yourself, to follow each and everyday that passes, that is going to rid you from all your debt. It will definitely be an eye opener for many of you out there that tend to go a little overboard from time to time when you are out shopping around for things.

Debt is your worst enemy so if you can do anything at all to prevent this from occurring with you all throughout your fun life, start at an early age figuring out how you will follow your budget each month and make it work.