Financing Options For Entrepreneurs In The Import Business

Entrepreneurs who want to break into the import business will face various hardships. Establishing their name and getting the trust and loyalty of new customers and suppliers are just two of the challenges they need to face and successfully overcome.Getting sufficient funds or money to support the start and ongoing operations of their import business can also be hard as well. In the import business, you need to have the means to pay your supplier.The good news is that there are various options entrepreneurs can consider when they are looking for ways to finance their import business. These options include:Accounts receivable factoring. Under this financing option, your company’s accounts receivables would be sold to either an accounts receivable financing company, a commercial finance company, or a bank at a discount of 80 to 90 percent of their face value. In return, the factoring company would give you a check wherein a fee of two to three percent has already been deducted. You can then use this money for import financing. When you factor accounts receivables, it is now called an asset-based loan.Purchase order financing. This financing solution is quite similar to factoring accounts receivable. Under this option, you would assign or sell your purchase orders to a bank or commercial finance company. This company will then take over all the processes that involve billing and collecting money from your customers. Once your products are delivered, your customers will pay the bank or commercial finance company. A portion of this payment will be allocated to the financing company and the remainder will be given to you. In general, purchase order financing costs more than traditional bank loans. However, if you are unsuccessful with getting a loan, this is an option you have to consider.Inventory financing. Under this financing solution, you would use the current inventory of your present business to get a loan. This loan will enable you to buy the goods from suppliers abroad that your customers have been waiting for. With this option, you will be able to increase your inventory without adversely affecting your cash flow. Banks and financing companies offer three types of inventory financing: floor planning, blanket inventory lien, and field warehousing.In the importing business (and most types of business), you need to come up with answers to difficult operational problems. By choosing the most suitable import financing option, you can overcome this challenge successfully.

Getting Certified in an Online Pharmacy Technician School

To become a Pharmacy Technician, a certification program at a State Licensed School is required. Some schools may require you to have a High School Diploma or GED, but most will only require you to take an entrance exam. This is to ensure that you are at the appropriate educational level.Pharmacy tech have more duties than a pharmacy aid and there are more opportunities in this case. This is another reason why more and more people chose to apply for pharmacy tech education. It is also important that when you complete the courses of a pharmacy technician school you also pass an exam and get your certification. This way it will be much easier for you than for other to get a job. This kind of work is needed because of the increase in population and because of the growing number of the hospitals.Certification with the National Pharmacy Technician Certification Board (NPTCB) can increase your pharmacy technician salary. Salaries will also vary depending on the work setting. For instance, the Bureau of Labor Statistics reports that those who work in general medical or surgical hospitals will earn an average of $12.32 per hour, while those working in a department store pharmacy will make an average of $9.69 per hour.According to the Bureau of Labor Statistics, as of May, 2008, Pharmacy Tech earn $19,270 to $39,480. The median salary is $27,710. According to the American Medical Association (AMA), the average annual starting salary for a Pharmacy Technician is $19,000. For more information on Pharmacy Tech salaries, visit this link on the Bureau of Labor StatisticsEmployment for Pharmacy Technicians is expected to increase much faster than the average through 2016. Job opportunities are expected to be good. This is due to the increasing elder population who use a large amount of prescription medication. In addition, as scientific advances continue for treating conditions, more Pharmacy Tech will be needed to fill a growing number of prescriptions.How can I find a good online Pharmacy Technician school?*Compare programs at different schools and remember that programs vary in length depending on location, cost and course of study.*Consider visiting one or more schools and request free information.*Search online for Pharmacy Tech schools in your area using your zip code.*Consider studying online and completing your studies from home.For those pursuing a career as a pharmacy tech, coursework in biology, chemistry, health, and mathematics is recommended, but not required. Areas of study include medical and pharmaceutical terminology, pharmaceutical calculations, pharmacy record keeping, pharmaceutical techniques, and pharmacy law and ethics. Although not required, certification is offered through the National Pharmacy Technician Certification Board. Nevertheless if you graduated any pharmacy tech school you do not have the same chances to obtain a good job as you would have if you get a certification too.

Getting Started With Investing

IntroductionTraditionally investing has been seen as the preserve of the wealthy and has a reputation for being a minefield to the uninitiated. As western standards of living continue to increase, more and more people are beginning to realize the benefits investing even small sums can bring. This article seeks to explore some basic principles to help you get started with investing.1. What’s the basic premise of investing?The Collins English Dictionary defines the word invest in the following way; “To lay out, for profit or advantage.” To layout refers to the fact that something of value is needed in the first place in order to generate more wealth. In essence investing is a means of taking a pre defined sum of money and using it in such a way as to increase its original value, therefore generating a profit.2. Why Invest?This is one of the most fundamental questions that any person looking to invest needs to ask. The general answer is pretty obvious, to generate a profit, but the reason behind the investment are far more important and will directly influence how and where you chose to invest. In addition the answer will also determine the level of risk you are willing to expose yourself to and which will be explored in more detail later.Reasons as to why people invest are varied and may include some of the following; to build up a nest egg for retirement, to provide a financial safety net, to pay for future education or university fees for children, for fun because of the buzz investing can create.3. How Should I invest?This is also a deeply personal question and will depend upon the amount of money an individual has at their disposal. It is important to stress that investment takes many different forms all of which facilitate differing levels of investment. A single mum might decide to invest $20 or a business entrepreneur $1 million but both will seek a return on their capital outlay and how they go about achieving their investment goals may differ substantially.4. What level of risk should I expose myself to?Such a decision is very important as ultimately it will dictate the profitability of your final investment. In many respects this question will also be determined by the answer to the previous question, why invest? If an investment is being made to safeguard a financial future the level of risk taken may be lower than an individual investing for fun.Generally investments are made in three distinct categories low, medium and high. Low risk investments include Government bonds and savings accounts. Medium Risk investments could include certain types of shares or property. High Risk investments will almost certainly include shares in rapidly expanding companies exploring new markets. The dot.com crash in the late nineties, in which thousands of newly established technology companies went bust, is an example of a high risk investment going very wrong.What types of investment are there?This is not an easy question to answer because in theory anything that earns a profit from an initial outlay can be classed as an investment.There are however some common forms of investment that deserve further explanation.a) Government BondsThese are deemed low risk investments as money is invested in Government related projects and assets. It is unheard of in the western world for a Government to go bankrupt.b) SharesThis is a means of holding a stake in a company trading on the stock exchange and investors benefit from its profitability. Whilst share dealing can be low risk particularly if you are investing in established companies in the FTSE 100, most share investments are deemed medium or high risk. This is because such investments have the potential to return excellent profits but there is also a raised risk of losing your total investment.c) AntiquesAntiques are often a great source of investment given that they hold their value at the very least and have the added benefit of being easy to sell if you need a quick cash injection. In addition if you wish to leave a sum of money to family after your death they won’t be hit with inheritance taxes often associated with large amounts of physical cash. Perhaps one of the major drawbacks to investing in Antiques is the requirement of a level of technical expertise, or access to those skills, to ensure that suitable items are invested in.d) PropertyProperty can also be a very lucrative source of investment as property prices continue to increase across the developed world. Generally property prices increase in value in the long term.e) SavingsWhilst banks often make the distinction between savings and investments, in essence savings are a form of investment as the money you save with the bank is invested in low risk shares on your behalf, which ultimately enables financial institutions to make interest payments to you.How to investNow that you have more information to help you get started with investment the next step is to speak to an independent financial advisor. These consultations are almost always free and you can get specific advice tailored to your individual needs concerning investing. In the UK there is an excellent site for finding Independent Financial Advisors called unbiased, see the link at the end of this articleSummaryThis article has attempted to provide advice to enable individuals to get started with investment. Discussion has taken place about the basic premise of investing and the profitability of such a decision, along with examining different reasons for investing. Attention has also been given to how much might be invested and at what level of risk this might be undertaken at. Finally we have explored the vast array of investment options available and what the next step is for a budding investor.