Dec
30
2022

An Easier Way To Find Car Insurance On The Internet

The rising generation may not remember any other way of buying car insurance, but older generations will remember insurance salesmen and agents drumming up business by simply going door to door. Their success depended on their ability to convince people of the benefits of insurance and the basic need to protect themselves in such a way.

In today’s society, insurance is clearly a necessity. State and federal laws require some types of insurance, specifically car insurance. Insurance agents no longer have to compete with the view that insurance is an unaffordable luxury. Instead, they must prove that their insurance is going to give customers the best car insurance possible for the lowest price.

Customers understand the game, expect insurance companies to give them the best, and won’t take anything but. In educating themselves on insurance companies and different car insurance policies, more and more customers are using the internet to not only self-educate, but to find and compare quotes.

As all-inclusive a tool as the internet is, sometimes it can be a little too big. As you begin your own search to find the best car insurance out there, you might be overwhelmed by the task. You will most likely begin by pulling up the websites for several of the larger, national insurance companies whose ads you’ve seen on TV.

As you go through the tedious work of filling your information in to each website in order to get a quote, you will tell yourself, “There has got to be an easier way to do this.” And you will be completely right! There is an easier way to use the internet to buy car insurance.

Independent insurance companies realize the amount of footwork (or finger work) you have to go through to research and get quotes from the plethora of insurance companies online and in your geographic region. These independent insurance agents have elected to become middlemen for you-in a good way!

Basically, independent insurance companies have agreements with dozens of insurance companies allowing them to sell car insurance to you. When you go to an independent insurance company website and begin your search for policies in your price range, the results give you a cross-section of various companies and policies rather than just one. This opens up a load resources at your fingertips all on one page!

Using the internet to buy car insurance can be a handy and time-saving tool. In order to make the best use of these advantages of the internet and avoid wasting hours of effort, begin by searching for independent insurance companies in your area. Choose a couple of these independent insurance agencies and see what kind of quotes you end up with.

And you don’t have to stop there. Many independent agents will give you the personal attention you need and want. Don’t do it the hard way. Once you’ve found a comfortable choice, call the agency and see if they have additional resources, discounts, and options that will help you fit your circumstances and budget even better.

Nov
29
2022

For Overwhelmed Business Owners: How Online Marketing For Small Business Gives You Breathing Room

Online marketing for small business owners can be somewhat tricky, but, if done successfully, it can make running a small business simpler. Online marketing can make a business successful while, at the same time, allow a business owner an easier time running her business. So, how does online marketing for small business really help business? Does it really make things easier for business, or simply simpler?

Online Marketing For Small Business Or Fail

Well, let me put it this way, small business needs to be aggressively marketed, no matter what, or the competition will eat it alive. If your business is not marketed properly, it will fail — plain and simple. As it is, the never ending race for new business is exhausting and consumes the bulk of my time. I love courting great prospects and the challenge to convert them into great customers. What’s better than bringing a great customer into your family? How can business get any better than growing your family of great customers?

So, why should a business be marketed online as opposed to marketed elsewhere? Let me show you several reasons:

First of all, marketing online gives small business owners a greater sense of control over where and to whom the business is marketed. To whom ought you to market your business? Understand your two or three best customers intimately and coalesce that intimacy into buyer personae. Focus on your buyer personae. If you’re not selling Pampers or used cars, do not market to Pampers and used car buyers. Online marketing is much better than traditional marketing for laser focus on target markets.

Focus On Online Marketing For Small Business

If your business sells rare antiques, you don’t want teenagers to be the majority of people seeing your advertisements. With online marketing, a business owner easily chooses on which online media to market her business. She can monitor the demographic viewing her website to help determine whether or not that online media is where she wants her business advertised. Marketing to the right demographic is one of the most important factors in generating sales, because targeted leads are more readily closed. This is accomplished most easily marketing small business online.

Furthermore, online marketing for small business makes growing business easier because online media are more readily changed. They don’t need to be as on top of marketing strategies as they needed to be when they ran ads in print or some other offline media. Have you ever tried to change the color palette on a billboard? How quickly can you change from black-and-white to color Yellow Pages spread?

What does this mean? Well, I’m not saying that a business owner won’t have to monitor her marketing strategies closely. Whether they are online or off, one size never fits all. Some techniques will work and others don’t. Some strategies may work today and no longer work next year.

Measure Online Marketing For Small Business

Nevertheless, it’s far easier to monitor effectiveness online, and easier to test multiple alternatives simultaneously. With a simple click of a button, the business owner can see how many websites visitors she’s attracting from particular advertisements.

More to the point, it’s easier than ever to gather metrics and measure crazy stuff like visitors to leads to sales ratios. How profitable is your Yellow Pages campaign? Traditional offline marketing cannot provide clear cause and effect metrics. It’s exceedingly difficult to monitor how much interest in a business is being generated from TV commercials, newspaper ads and telemarketing calls. Online, these statistics are readily monitored.

Online Marketing For Small Business Is Smart

Overall, online marketing for small business is just plain smart! Making the business owner’s life much simpler is perhaps the single greatest benefit of online marketing.

Oct
30
2022

Understanding Finance

We all use finance when we require additional money to fund a project for example. The term can also refer to another branch of the subject dealing with its management. It can be also defined as the management of funds and capital required by a business and private activities. When these funds are administered by a representative of a company, this specialized area is called finance management.

This type of management uses funds either from internal resources or external and allocates them to areas to maximize profit. The term optimization is used to explain the procedure whereby finance is maximized by reducing costs and increasing the return. Poor finance management is caused when managers neglect the rules and a deterioration occurs affecting markets around the world. This is why people who act as finance managers only have this type of work for a relatively short period because the potential risk to companies is high and so are the stress levels as a consequence.

It is not uncommon to hear finance managers referred to as bean counters as they are looking at immediate returns and initial costs against the potential at a later stage. Unlike the sales managers who would like to invest in the future by product development, finance managers are rather skeptical of financing a project whose benefits lie in the future; even though their management governs future outcomes too. Unfortunately when you are running a small business, the boundary lines between a personal loan and a business loan can be a little blurred and often the planned arrangement is not used as was not used for its original purpose. Managers are rarely impressed with this situation as they believe they have aright to know what their money is being used for.

Businesses are gradually getting the message that they must behave more responsibly if they are to stand a chance of expanding in years to come. However, small businesses can finance their needs from other sources like friends or from banks and private lenders. Finance managers can help improve their company’s profits by using external sources which also lessens the risk on them at the same time. A famous quote about banks goes something like; banks are only interested and willing to lend money to those individuals that least need or want it.

Sep
29
2022

New Jersey’s Tax Exemption And Abatement Laws

P.L.1991, c.431 with final retroactive amendments effective August 5, 1992 consolidated, into one more flexible law, the various long term tax exemption laws under which municipalities may agree with private entities to undertake redevelopment projects in return for tax exemptions.

P.L.1991, c.441, effective for the first full tax year commencing after its January 18, 1992 enactment, consolidated the various five-year tax abatement and exemption laws into one, more standardized law to govern all tax abatements and exemption regardless of the type of structure.

Long Term Tax Exemption Law

Prior to 1993, which was the first full year of operation governed by the new Long Term Tax Exemption Law, under the provisions of N.J.S.A.40:55C-40, the “Urban Renewal Corporation and Association Law of 1961,” commonly known as the Fox-Lance Act, a qualified municipality (a municipality with “areas in need of rehabilitation”) could abate from 15 to 20 years the taxes on newly constructed industrial, commercial, cultural, or residential projects of a corporation, with profits in excess of the limited profits returned to the municipality, or from 30 to 35 years for condominium projects. Condominium projects were given 30 to 35 years in order to provide a realistic period for permanent financing. Also, prior to 1993 under the provisions of N.J.S.A.55:16-1 et seq., the “Limited-Dividend Nonprofit Housing Corporation or Association Law,” a qualified municipality could abate for up to 50 years the taxes on newly constructed housing. Further, under N.J.S.A.55:14I-1 et seq., a qualified municipality could abate for up to 50 years the taxes on newly constructed senior housing. Lastly, prior to 1993, under the provisions of N.J.S.A.40:55C-77, the “Urban Renewal Nonprofit Corporation Law of 1965,” basically the same types of properties and projects as the Fox-Lance Act could be abated for 20 to 25 years with all profits being returned to the municipality. In all cases under these property tax exemption laws in-lieu of tax payments were required.

Commencing in 1993 the provisions of N.J.S.A.40A:20-1 et seq. permitted a qualified municipality to abate the taxes on properties and projects in the same way the pre 1993 law did with the following notable exceptions:

A new, flexible in-lieu of tax formula was established with a phasing-in of payments in-lieu of taxes to occur under both the percent of gross rental formula and the percent of total project cost formula.

The formulas for computing payment in-lieu of taxes for both office projects and housing projects were changed. The minimum annual service charge for office buildings was reduced from 15 to 10 percent of the annual gross revenues of the project or units of the project. Municipalities retained the option of computing the payment in-lieu of taxes at no less than 2 percent of the total project cost or total project units cost. For housing projects the annual service charge was changed from a minimum of 15 percent to a maximum of 15 percent of annual gross revenue of the project or from a minimum 2 percent to a maximum 2 percent of the total project cost or total project unit cost.

The payment in-lieu of tax formulas remains basically unchanged for all other types of industrial, commercial or cultural projects.

Five-Year Exemption and Abatement Law

Prior to 1993, which was the first full year of operation under the new Five-Year Exemption and Abatement Law, there were three types of property to which a qualified municipality (a municipality with “areas in need of rehabilitation”) could grant a partial exemption and abatement for a five-year period.

These property types included:

Homeowner improvements (including additions and enlargements) made to one-unit or two-unit residential dwellings that were more than 20 years old. As determined by ordinance the first $4,000, $10,000 or $15,000 of increased value due to improvement on each unit could be exempted from taxation (see N.J.S.A. 54:4-3.72 to 3.79).

Commercial and industrial improvements and construction projects (with less than a 30% increase in building volume) could have the full assessed value of the improvement exempted with payments in-lieu of taxes made at 2%of project cost or 15% of annual gross revenues or an in-lieu of tax payment phased-in. (see N.J.S.A. 54:4-3.94to 3.112).

Multiple dwelling improvements or conversion of other types of structures to multiple dwellings could have up to 30% of the full value of the improvement or conversion alteration exempted. No in-lieu of tax payment was required (see N.J.S.A. 54:4-3.121 to 3.129).

Commencing in 1993 the provisions of N.J.S.A. 40A:21-1 et seq., the “Five-Year Exemption and Abatement Law,” which consolidated all provisions of the previous five-year abatement statutes, permitted a qualified municipality to grant partial exemptions and abatements on residential dwellings, non-residential structures and multiple dwellings in the same way the pre 1993 law did, with the following notable exceptions made to the new law:

A new, single definition of “areas in need of rehabilitation” was established to govern all exemptions and abatements which, if chosen, could enable an entire municipality to be designated as an area in need of rehabilitation (thus permitting new structures to facilitate infill construction).

The new five-year law also permitted, for the first time, tax abatements and exemptions for new construction of single family and multi-family dwelling units and non-residential structures rather than just improvements or enlargements to such properties.

The new law also increased the allowable maximum tax exemptions for the value added by an improvement from $4,000, $10,000, and $15,000 to $5,000, $15,000 and $25,000, respectively, as the municipal ordinance may specify.