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According to the local Better Business Bureau;
Obamacare is coming, and so are the scams
Scammers are using the implementation of the Affordable Care Act (ACA), commonly labeled as “Obamacare,” as the latest opportunity to steal people’s identities. Consumers across the country allege that scammers are contacting them by phone, fax, email and even in person. And as we get closer to Oct. 1, when health care enrollment begins, Better Business Bureau and security experts warn that the problem will only get worse. BBB offers the following tips to help you spot a health insurance fraud:
If you receive a suspicious call, hang up the phone. Be sure not to press any buttons and report the incident.
Never give out personal information including date of birth, credit card or social security number.
Don’t rely on caller ID. Some scammers are able to falsely display a company’s name or number.
Inform your bank, credit card providers and credit bureaus in the event you give your information to a fraudster.
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Investing in real estate is like investing in your future. Real estate has become one of the most important sectors of the economy within countries worldwide. This is the aspect of the economy that deals with lands and all other related properties attached to it, such as buildings. These properties are either freehold or leasehold and they can also come as residential or commercial properties. There are so many ways in which people have access to Passive Real Estate Investments and a few are listed below as follows:
In real estate, it is possible for investors to buy land and later sell it at a substantially higher price. This land can be located in residential or commercial areas of a city. But most investors in this category typically tend to hold on to the land for a very long time, in order to sell it at a very high price.
Investors also lease land. This is a situation, where investors buy land and then lease it for a long period of time to people or organizations. The investor still holds the ownership of the land for the lease period and will take full possession again after the lease period has lapsed.
Home Flipping and Selling:
This is a situation, where an investor buys a home and later sells it in order to make a profit. Investors operating in this business model, purchase a home and then carry out all the necessary renovation in order to add more value to the property and allow it to meet up with the current trend in real estate. After the renovation, the home is then sold at a much higher price. One beauty of this business is that there is no limitation to the number of homes you can flip in year, so the sky is the limit to the extent of your financial progress.
Home Flipping and Holding:
This is equally another profitable business in real estate. This involves buying a home, renovating it, if necessary and hold on to it. When people buy a property and hold on to it, they either use it for a personal purpose, or lease out the home to tenants who are in need of it. Leasing a property will give the investor the opportunity to build multiple streams of income from the investment. Such an investor will have access to passive income, while collecting regular rent payments from the tenants residing in the home. Besides, the owner reserves the right to the ownership of the home, as long as HE/SHE keeps possession of it.
However, selling real estate can be fun and profitable, but only if done in the right way. This business involves adequate knowledge and the use of latest strategies. If the whole process is handled clumsily, there is the possibility the investment will suffer a massive setback and this can easily lead to total failure of the business. It is of extreme importance for investors, to be familiar with the necessary skills and the latest trends in selling and buying real estate properties. Of course, passive real estate investment may sound easy — buy a property, fix it up and either sell it for profit or rent it out and then sit on the income or maybe even reinvest that cashflow; there is more to this business than this. People need to understand that the practice is not for the faint of heart.
The decision to embark on establishing operations in a new market is a thrilling and fearsome venture in equal measure. On one side, endless business growth opportunities await you, though there are major risks involved. The checklist for establishing international business and trade is drawn out and differs from nation to nation. The worst thing is that any single forgotten information, no matter how small could lead to severe negative effects for your business, in terms of fines and agitated employees not to mention lost sales. Probably you are unsure where to begin. Here are a few guidelines you must fathom when mulling over an international expansion.
Define your goals and carry out adequate research:
A lot of companies are considering the idea of international expansion today; however is it the right move for your company? What are your goals in establishing oversees operations? Before proceeding with oversees expansion, think through the idea to make certain you are deciding on the best business decision. Consider all facets, pose the right questions and shun from going after temporary financial achievements rather focus on long-term gains.
Begin small and don’t rush to large-scale expansions:
With nations inter-reliant for natural resources and products, market prospects are immense in various regions of the world. Depending on the products you wish to engage in business for, emphasis is put on identifying mainly viable markets for establishing international business and trade. Make out which of your main capacities can thrive in a particular country or state as opposed to trying to execute a replica of domestic operations across the board. Begin with a few outlined goals for your company in a small section of the international market so as to effectively manage your expansion and easily weigh up your success.
Come up with a meticulous plan for expansion:
Early on from the start, you need to decide on how you will manage your company abroad, whether as a branch, fully owned subsidiary, joint venture or representative office. Deciding on the corporate entity must be your main priority, seeing as aspects related to employing new employees and opening international depository accounts cannot ensue without it.
Avoid the temptation to standardize:
Many companies trying to conduct international business and trade make the grave mistake of standardizing their products and services. Just because your product or service is successful in a particular market does not mean it will achieve record success in another part of the world. You need to study the exact needs of the international market and do something on that basis.
International expansion presents new prospects and challenges:
You must know that each country has its own regulations as to the hiring of employees, provisions of stock options, opening a depository account, filing tax returns and applying for insurance for new personnel. You can expect to run into various differences as you launch oversees operations.
Don’t take too lightly the impact of culture:
Similar to the way operations differ from country to country, business practices are also different. It is pertinent to respond aptly to opposing work customs, traditions and approaches when in an international business setting. You need to be conversant with the local culture and select a few local business associates who can bring success to the company.
In spite of your excellent products, services and workforce in your industry, you need to work closely with a seasoned oversees business services company which focuses on expansion of international business and trade. They are better positioned to help execute and handle your company’s daily operations.
International business and trade refers to the process of exchanging goods and services across the the boundaries of a particular country. It is carrying out business activities with individuals or companies from foreign nations. There are many economic benefits accrued from international trade over domestic trade. It enlarges the scope of the market for the local products. However, international business and trade can adversely affect the economic status and the Gross Domestic Product (GDP) of a country. This is due to its costly nature caused by tariffs imposed by some countries at the borders.
The other setback that faces international business and trade is the language barrier and differences in cultural and legal systems between the trading countries. This causes delay in carrying out transactions involved in trade and thus increasing time costs.
It is therefore crucial for an international business and trade agent to analyze and consider trading with those countries whose terms and conditions are friendly.
More information http://online.wsj.com/article/SB10000872396390443324404577593200065899704.html?mod=googlenews_wsj