5 Tips to Help You Prepare for International Business Travel

Travel overseas for business can be a fun adventure, but it also needs to be taken seriously. Before traveling to another country, whether for work or pleasure, it’s important to learn the customs and procedures of your destination, while also preparing yourself for your trip.

As a business traveler, you’re not only representing your country of origin to all of those you meet, but you are also a representative of your company. It’s important to be knowledgeable about the country you are planning on visiting as a way to show respect.

Besides requiring the correct documents like a visa and passport, there are other obligations you will likely need to complete before making your way overseas. Many of these requirements are specific to a particular destination based on the laws and regulations for the countries you are visiting. Make sure you do your homework well in advance so you know each of these requirements.

5 Tips for Overseas Business Travel

International travel for business can be a very exciting opportunity. You not only get to see new and interesting parts of the world, but you even get paid while doing it. In order to have the best experience possible, there are things you can do in advance to prepare. Here are five tips to help execute the perfect international business trip.

Create an Organized Itinerary: Make sure that your days are packed with opportunities to help your company. Scheduling time for appointments, meetings, and personal time is very important to executing a beneficial international business trip. An itinerary should be a good guide for your trip’s goals and achievements. Because you do not want to waste any time on this trip, it’s better to plan in advance to take full advantage of the opportunity.

Learn about the Culture and Customs: Before landing in said country, it’s important to understand the environment, culture and practices of this region. Knowing up-to-date news and information about your international travel destinations will help you avoid inappropriate comments or disrespectful behavior. Not only is it important to understand the culture, but it is also beneficial to know protocols, customs and etiquette as well. This includes things like: common greetings, religious practices, business manners, dietary practices, and acceptable humor.

Learn the Native Tongue: While not every business trip requires learning a whole new language, it’s always advisable to seek out some basic vocabulary for the region you are visiting. The use of a translator might be beneficial as well. Communication is a huge part of business and breaking down those barriers will only help you with your business endeavors.

Protect Yourself: Traveling internationally can be exciting, but also very stressful and sometimes dangerous. A new environment can mean new hazards and threats. Don’t avoid protecting yourself to save money. Sometimes travel insurance is a valuable way to reduce the risk of health crises and other types of risks.

Stay Connected: Plan to use your communication devices while staying overseas. Make sure that your plan is available in other countries, or rent a cellphone from the airport. Communicating back and forth between your headquarters, while in a different country, is often an important part of international business. Communicating with your coworkers back at the office is an important part of international business travel.

Traveling internationally for business can be a new adventure. It’s becoming increasingly common as more and more U.S. companies also have offices overseas in places like Ireland, Costa Rica, the United Kingdom, and Hong Kong. In 2014, Forbes rated Denmark as the #1 country for business.

Regardless of where you are traveling, planning ahead helps to make the experience as positive as possible. Know the culture of the places you are visiting, and when possible, make ongoing communication a vital part of your trip. Try to maximize your time spent overseas by preparing in advance for productivity. The more organized you are, the more time you’ll likely have to enjoy some sightseeing and leisure. Always remain respectful, while keeping your goal in sight.

Safe Money Investing in a Turbulent Stock Market

There are a few things you need to know to make sure you are investing your money safely. The first thing is the stock market is not a very safe place to put all your eggs in one basket. You really need to diversify your portfolio in order to make sure you are keeping pace with inflation.

Have you heard of institutions or advisors that invest your money and they have control of your finances like Bernie Madoff or The Stanford Financial Group. Many people just opened accounts and let these type of financial organizations invest all of their money. The problem is that whether these guys made money or lost money they still were paid high commissions on your money. They also had full control of your money so these institutions or individuals ran illegal Ponzi schemes using your money and as long as they continued to get new money from investors it seemed like they were investing your money the right way. They guaranteed rates of return of 10% and higher.

The problem I have with not having control of your own finances is that you never know whats going on with your money. The investors became creditors of these institutions and many never recouped the money they invested.

As an investment advisor, I always make sure that my clients can log in and manage their own money and check to see how their investments are performing.

The stock market is very unpredictable and is taking large declines, as of this writing, and my focus is to not have any losses when you invest your money and to be as tax efficient as possible. I have invested millions of dollars and I make sure that losses are not part of my philosophy. You still need to invest in a 401k plan if it is offered at your work but diversify your investments in your 401k plan and make sure to allocate some in the money market sector to limit exposure.

I utilize annuities and insurance as a way to invest large sums of money and still get great returns ranging from 7% and up with no risk of losing any principal even in a down market. If you invest strictly in a fixed annuity you will not keep pace with inflation. If you invest in a variable annuity you will be subject to stock market risk which could have large losses. I am an expert in indexed annuities and I have sold millions of dollars of them and they keep growing because of the safety of principal and also having the ability to keep pace with inflation and the tax deferral of the gains is important.

When you invest large amounts in indexed annuities you also have low management fees unlike variable annuities, which like the stock market needs a person to manage the funds which adds to the fees. Indexed products are compared to a benchmark, such as the S&P 500 or other index and thus lower fees to operate. The purchase of an indexed annuity comes with serious compliance to make sure this type of investment is right for you. First, I need to make sure that since your money is locked in for a certain period that this is investment is right for the investor. The company will also make sure this investment is right for the purchaser and then the investor has a free look period to make sure the investment fits. Most of the time an annuity is not right for a person who is in the late 70’s or 80’s but compliance will determine this depending on the situation. If a client is closer to 80 years old we then look at indexed life insurance policies to see if we can solve a problem for them. I do a good job of due diligence to make sure my clients fit the product that solves their money issues.

My take on the investing is invest safely and make sure you have a person who takes a fiduciary duty in your well being. The stock market has made a lot of rich individuals but also made a lot of individuals lose lots of hard earned money. Why not take advantage of a well established product that is safe and has no losses? If the stock market goes down by 50% you don’t worry about any losses and that gives you peace of mind and confidence that you can retire wealthy when the time comes. When you take the worry out of your investments and you have control because you can log into your own website and check the performance you know that your money is safe. Your safe money author has experience and years of providing excellent service to all of my clients.

How Do You Qualify for a Bridge Loan Quickly?

If you wish to buy a new property and if you do not have the necessary amount of money for down payment till your current house is being sold out, it is advisable that you should try to acquire a bridge loan as quickly as possible. Whether you wish to buy a new house or you want to purchase any other investment property, there is possibility that you should use this type of fund in order to meet your requirement in the best possible way. If you wish to buy a warehouse, and if you want to buy new office, it is advisable that you should make use of it as much as you can. This article will highlight on a few essential steps that you should follow in order to get bridge loan without any kind of difficulty.

Your first step is determining the appropriate amount of money that you may require for covering the time gap between the selling of your existing house and buying of the new house or other kind of property. The exact time period within which you have to pay back this type of fund is determined by the lending organization that you have approached.

The second step that you should follow is to find out a mortgage broker or even a banker who may help you in this matter in the best possible way. It is important that you should try to find a mortgage broker or banker who can provide high quality service and who may also charge a reasonable price rate.

Once you are able to find out one such person, your next step is to evaluate your asset in the best possible way. If you evaluate your asset effectively and if you can produce it as collateral, there is possibility that you may be qualified for this type of fund as quickly as possible. It is vital that you should be able to prove the fact that you have the capability to make payment on a monthly basis. It is offered on the basis of your asset that can be used as collateral and it is also provided on the basis of your ability to repay the bridge loan as well as your monthly expenses.

You should try to decrease your monthly expense as much as you can and you should do so before you actually apply for this type of fund. Before you want to accept this type of fund it is vital that you should try to find out its policies in details.

Once you are determined that you will take it up, the final step that you should follow is to apply for this type of fund successfully. If your existing property is not sold out, it is vital that you should be able to show that you have the competence to pay your mortgage payment in the best possible way.

If you wish to purchase a new house or a new property and if you do not wish to sell your current house, it is advisable that you should get hold of this type of fund without any kind of delay. If you are able to find out valuable property, it is advisable that you should get it in order to buy it as quickly as possible.

Great News, Business Credit Has No Impact on the Business Owner’s Personal Credit

When done properly, business credit is obtained without the SSN being supplied on the application.

This means there is no credit check from the business owner to get approved. This also means that anyone who has bad, even horrible personal credit can still be approved for business credit.

Reports to the business credit reporting agencies, not the consumer reporting agencies.

So as it has no adverse impact on the owner’s consumer credit because it’s not reported to consumer agencies.

This means utilizing the account, even over 30%, won’t have any adverse impact on the personal scores.

And there are no inquires on the personal credit when you apply for business credit as long as you don’t supply your SSN.

30% of your total consumer score is based on utilization, so if you use your personal cards for your business and if you use those cards you will lower your scores. Using more than 30% of your limit WILL result in a score decrease

So if your limit is $1,000, having a balance above $300 lowers your scores. This means 40% of your total score is damaged. With true business credit, 0% of your score is affected.

10% of your total consumer score is based on inquiries, so if you are using your personal credit to apply for business loans and credit, your scores will go down as a result of those inquiries.

Plus, those inquiries can remain on your for an extended period of time affecting your ability to borrow more money.

And some unsecured business lending sources won’t even lend you money if you have two inquiries or more on your personal credit reports within six months.

The credit doesn’t report to the consumer agencies, so neither inquiries nor utilization have any effect on your consumer scores.

How to Devalue Your Business

Anyone who has sold or bought a business will tell you of the importance.

All potential buyers can easily obtain extensive information about your business, just by obtaining your business credit report… that anyone who wants it can get.

This means they’ll quickly know details about your business including:

• Credit scores
• High credit limits
• Past payment performance
• Employees
• Revenues

And much more…

Now that you know how easy extensive credit and financial information is to get for a company, if you were a buyer wouldn’t you get it?

Based on what’s on your business credit report, would you want to buy your company?

Does your report reflect that your company is “established”, does it show that you pay your bills, do you look like a successful company from your report?

If you could choose from two companies to buy that were the same in every way except business credit, which one would you buy…

The one with a very limited or no credit profile… or one with a credit profile that reflects good payment performance, and one with available credit.