Tips to Conducting an Effective Fraud Investigation

download-2Fraud is a very serious crime committed in companies around the world. People and companies can become unwelcome victims of this form of crime, it can cost a company thousands in damages and can leave them with a very bad reputation with customers, which can have long term negative effects in the long run.

If you think fraud is taking place in your company or it has been brought to your attention that one of your staff members is conducting fraud on a regular basis, then you are going to want to start considering effective fraud investigation services to get to the bottom of the accusations and ensure that it is the truth. The sooner you catch the person carrying out this crime, the sooner you can repair your reputation and ensure it doesn’t have a negative impact moving forward.

In order to conduct an effective fraud investigation, there are a few steps that need to be taken. The first is to identify the issue. Whether you suspect something is going on within your own company or it has been brought to your attention that someone is defrauding you on a daily basis, you will need to identify the issue. Fraud can be someone falsifying cheques and making them out to themselves to double paying staff, when in fact the second pay cheque is banked into their own personal account.

Other form so fraud includes staff members making deals with suppliers, such as placing orders and agreeing on a price and then increasing that price, so that they can take home the difference. The problem is that once someone gets away with the crime the first time, it is easier to carry it out over and over again, draining your company of its cash flow and potentially harming your business in the long run. You need to find the holes in the system, areas where fraud can take place and then identify where your problem is lying right now.

Do not approach the individual immediately, this can give them the time to hid what they have done, crook the books so to speak. Rather start looking around for a reliable fraud investigation service that can carry out the investigation on your behalf. These companies have extensive experience, they know what to look for and are able to provide you with the evidence that you need to confront the employee.

If it is expected that the fraud carried out is severe, it may be worthwhile calling the employee into your office and having a chat to them. It is in this meeting you will want to suspend them until the investigation is over. Tell them the evidence you have in front of you and ensure they are aware you have called in professional fraud investigation services. Make sure that they leave the building immediately and do not have access to any files or computers, so they are unable to back track, hiding the evidence you will need to show that fraud has taken place.

The fraud investigation services team will come in and go through all the books and departments within the company to confirm any allegations. They will identify the severity of the fraud, coming up with all the facts you need. They will document their investigation, giving you a complete report which you can use to let the employee go, relieving them of their duties to the company.

Ensure you choose a reputable company, one with a proven track record in achieving results that you know you can trust to get to the bottom of the investigation and provide you with a complete and accurate report on their findings.

Article Source: http://EzineArticles.com/9524397

More About Interest Rate Cap And How To Take Advantage Of It

download-3Borrowing money either for personal or for business use is now very common in most places. Financial establishments offer several different options for you to take advantage of. And as a borrower, you should know how you can greatly benefit from the options offered. One of the things that you should know about is an interest rate cap.

An interest rate cap serves as a hedge that protects the borrowers from rising short term rates. It works when a variable rate goes over the cap, the cap will be compensated for whatever difference may be between the cap price and the market variable rate. It can also be viewed as an agreement between the provider of the cap and the borrower. It limits the floating interest rate to a set level for a certain time period.

Additionally, an interest rate cap translates to a series of call options on an index of floating interest rates which normally involves 3 or 6 month Libor and it coincides with the rollover dates on the borrower’s floating liabilities. Knowing this will greatly help a borrower stand on his feet again knowing that he will be paying the same all throughout the time period of his loan.

The borrower can greatly benefit from having this cap especially if he is set to pay the borrowed money within a short period of time only. He is protected against the increasing interest rates that most financial establishments add on top of the amount being borrowed. And when the market rates go above the cap rate, you will no longer have to worry because the cap rate provider has to make payments to the borrower or buyer of the cap to bring the interest rate back to the cap level which is actually a very big help and a huge advantage on the borrower’s side.

The cap provider, on the other hand, does not need to make payments as long as the rates are below the cap, so the borrower is left to pay market rates. So now, you can rest assured that you do not need credit approval during this process, although it may involve an auction process with the help of a consultant. And this usually results in highly competitive pricing and terms.

Article Source: http://EzineArticles.com/9523461

Confused? Here Are the Different Business Ideas You Can Start

We all like the idea of having control over our time, working when we want and how we want to, and doing things at our own pace. These are good reasons to start your very own business. Then again, you may wonder what kind of business you should go into.

Well, there are actually a lot of business ideas out there. It’s up to you to decide what’s best for you. Just know that some businesses can give you heaps of profit, while others are only good for adding some cash to the income you already have. But whatever your goal may be, here are five business ideas for you to choose from.

Part-Time Businesses

Many people who want to start their own businesses also are employed. This means they cannot devote all of their time for their businesses. If you happen to be one of those people, consider starting a part-time business. The good thing about this is that you have full control of everything. You can set the standards, operating procedures, and targets yourself. Having a part-time business also involves having only a few staff, making management and performance monitoring easier. However, you need to really make time for the business, otherwise it will die out sooner than later. Also ensure that you don’t just treat it as a hobby. Treat it seriously, and it will seriously reward you soon enough!

Home-Based Startups

Thanks to the internet and mobile technology these days, your business may no longer need an office. You can run them from anywhere – even from your house! Many business ideas these days are based solely online, so it’s wise to cash into this trend yourself.

You could run a business based on the skills you have. For example, if you have a knack for graphic design, you can set up an online graphic design business. You may need to invest on some equipment, like a graphics tablet or better parts for your home PC. Even then, this is still a small investment compared to the capital you need for franchises and bigger businesses.

Low-Cost Businesses

If you’re a new entrepreneur on a tight budget, don’t worry. There are businesses that you can start for under £10,000 these days. There are even some that you can start without any capital outlay. Most probably you already have a PC or laptop, so you can start out being a freelance copywriter. If you have teaching experience, you could offer services as a personal tutor. And if you have a penchant for design, you can run a small graphic design business from home, just like the example above. Other good areas to start a business include green (environment friendly) industries, online advertising, and online retail.

Franchises

Running a franchise means you have to commit to it full-time. It is expensive, after all, so you don’t want your sizeable investment to go to waste. Despite the hefty price, there are some great advantages to it. One is the support and training you get from big-name brands. Another is their proven business model; you just have to follow it to get the franchise going. Additionally, you have the brand’s popularity to go with you. This means you don’t have to spend too much time on advertising and promotion, because the brand has already made a name for itself in the global market. The people who already know about the brand (and that’s a lot of people) serve as your client base as well.

Buying an Existing Business

This has a lot less risk than starting a new business from scratch. But of course, you have to make sure that the business you’re about to buy is legal, sound, and has the potential to give good returns. Most importantly, make sure that you can call it your own. After all, your objective is not to buy a job in a different company; you want to buy the proper business. If you can’t take charge of it, then it’s just as if you were working for another boss.

Just like in franchising, the business you will buy already has an established business model and client base. That takes a lot of the weight off of you, and you can focus on providing great quality and service to your customers. But unlike a franchise, you do not have to conform to a system; you can create your own rules. The legal rights to all aspects of the business are yours. You are free to run the business however you want to. You can even go as far as rebranding the business, which is really a way of calling it your own.

Do you now have an idea of what business you can start? Depending on your budget, your skills, what you take pride in doing, and your goals in the future, there will always be a business idea that’s just right for you. Starting your own business is also the best way to become financially free, so better get going as early as you can!

Article Source: http://EzineArticles.com/9524322

Tips on Setting Realistic Business Goals

When it comes to setting business goals, it can be tricky to find that middle ground. If you set goals that are too high, you might get discouraged. If you set them too low, you may end up bored or complacent, or disillusioned with your business. So how do you strike a balance? Here are some tips.

1. What do you want?

First, you need to determine what you want. Go ahead and brainstorm – make a list as you do. Put it down on paper and don’t hold back.

2. Assess your list

Now, take a look at your list. Make a sub-list of steps you have to take to reach each of those goals and dreams. Are there some items on your dream list that involve steps you can’t take? If you cannot take the steps necessary to achieve that goal, then it needs to be modified or removed from your list.

3. Strategize

As you are making your sub-list of steps, you need to develop definite strategies for those items on your dream list that are achievable. Being able to see what is necessary to achieve that dream can help you decide whether or not to pursue it. The strategy may in fact be doable, but you are unwilling to take those steps for personal reasons. That is fine; it’s your list and your goals.

Go ahead and don’t judge yourself – if you can’t/don’t want to adopt a certain strategy for your own reasons, then cross that goal off the list. The point is to narrow things down.

4. Timeline

Determine a timeline for your goals. Do you need to make more money right now, as in this month? Or do you have more long-term goals, such as eventually quitting your day job? On your master list, write down your timeline. This will help you further narrow things down – if the goal can’t be reached within your allotted time, then it doesn’t belong on your list of goals.

5. Know yourself

One of the keys to succeeding is to be really honest about your strengths and weaknesses. Sometimes we think we can do it all, or do anything… and other times we think we can’t do anything. Neither of these extremes is likely to be true! If you can, ask others what they think they can see you doing. Once again, break out your pencil – list things you like to do and abilities you feel confident about. Just about any skill or attribute can be channeled into helping your business succeed.

These list-making exercises can help narrow down your goals and keep them realistic and reachable.

Article Source: http://EzineArticles.com/9525978

Healthy Employees Means Healthy Business

Is your employee’s health a liability for your company? Have that one person in the office who is always calling in sick? You can’t force employees to exercise or eat healthy, but you can certainly encourage healthier behaviors. By offering healthier snacking options and incentives for healthy decisions, you can not only boost the morale of your team, but also help to keep your business running smoothly.

Wellness programs are a growing trend in the work place. These programs offer many different benefits to the employees as well as workers themselves. High cholesterol, cardiovascular disease, obesity, high blood pressure and lack of exercise are just a few of the typical employee health risks. In fact, according to MediFit, 70-90% of health care spending is caused by preventable, modifiable health risks. By enforcing a wellness program in your office, you can help eliminate many of these risks, leading to a happier, more efficient and most importantly healthier work place!

Many jobs involve sitting at a desk for long periods of time, short, unhealthy lunches, and everyone catching that same bug that’s been going around. Just making a few simple changes such as starting a walking lunch group where before your break you all walk around the building for 5 minutes, or cutting back on the number of donuts in the break room can make significant changes. While there are many different ways to go about making your officer healthier, it’s best to test different options and slowly introduce healthier programs to see what works best in your company.

One great way to help promote healthier habits in your work space is to offer employees healthier options. Many offices have vending machines full of pop, chips, candy bars, and the like. When employees are crunched for time or forget to pack their lunch, they are likely to go straight for these unhealthy options. Many companies now-a-days are offering “healthy vending”. These machines are stocked with many natural, organic, even gluten free options that are better for employees but taste great. This simple change in machines can help ignite a spark in your employees to make healthier decisions and realize that healthy doesn’t have to be boring.

Not only are these healthier options going to be good for your employees, they also benefit the business as a whole. Sugary snacks and drinks may give employees that burst of energy they need, but often lead to a crash which makes them less productive than they were before. Consistently bad eating habits and lack of exercise can lead to many healthy issues and poor immune systems meaning employees take far more sick days and let’s face it, once one person gets sick, they all get sick. Natural foods full of protein and natural sugars are proven to boost energy and keep it going longer than sugary snacks making employees that much more productive. By promoting a healthier workspace, you are helping to eliminate some of these problems which means you’re not only improving the lives of your employees, but also the life of your business.

No matter what actions you take, even the simplest changes can be a great stepping stone to a healthier and happier work environment. From short walks to a vending overhaul, every little bit helps. So do some research and get on your way to a healthier workplace!

Article Source: http://EzineArticles.com/9524961

Smart Ideas Shared By The Experts For Business Growth And Expansion

For most business owners, aiming for their business to last for years and even grow and expand is the main goal. However, it can actually be a huge challenge. If you want to ensure business growth and expansion, it is not enough to simply have a long-term vision but you should have a tangible plan.

You need to determine what sets your business apart. Know your value proposition and what sets your business apart from other industry players. Know why customers should choose you over other companies offering essentially the same products or services that you offer. Companies compete differently. Some outpace the competition by offering lower prices while others have anchored their success upon authority. Either way, your value proposition should be something that only your business can offer customers.

If you let go of that value proposition, there is considerable risk that your company’s competitiveness will be undermined. It is also bets to know your ideal customers. Companies that thrive over the long term do so by offering a solution to a specific problem. While it is enticing to pursue almost every potential customer you might come across, that will only spread your resources thin, leaving little value for actual customers who can benefit from your products or services.

Growth entails making decisive changes. And so, know the key indicators for this growth. Since not all changes are worth pursuing, know what those changes are that can bring about true growth.

In order to determine the right answer to that, you have to identify key indicators which influence growth. After determining those, you will need to funnel your resources toward those. Additional revenue streams can make a business profitable. However, there are some revenue streams that are not sustainable over the long term. There are also products or services which may seem great at the onset but do not bring significant revenues.

Additionally, take cues from the competition. Even if you are routinely beating the competition, there are some areas where your competitors are doing things right. Look at what other players in your industry are doing, evaluate their decisions, and take cues from their success. This is very important in business growth and expansion.

Article Source: http://EzineArticles.com/9529680

Power: Is It Nature or Nurture?

On our vacation in northern Ontario, Canada we observed how nice the people were. We did know they had a reputation for being nice, but observing it was interesting.

Some examples-they let you in while in stopped traffic or to cross the road. They stop. They wave. They say hello and meet your eyes when walking. When we went to a winery, we tried 6 or 7 different wines, and bought a couple of bottles. When we paid, I noted they did not charge for our tasting. I brought this to the proprietor’s attention. She said, “We don’t charge if you buy.” I was surprised, as a business coach, I would say that is not a profit making policy. When I expressed surprise, she just shrugged it off. When we stopped at the winery, we were driving on what is known as the apple trail. We asked about apple varieties- she shared some and recommended an orchard down the street.

At the orchard, in their store, the very nice woman had us trying several varieties for free. And we joked we almost had a meal with our wine and apples, so she suggested a lovely cheese shop.

The cheese shop was lovely and they were so nice, too! I talked to the sales woman at the cheese shop about the Canadian niceness. She said, “We were just raised that way, but..”, she went on, “We also apologize for everything, it is like we are sorry for our existence.”

That got me thinking about power. Is it an inborn trait or environmental? I did a bit of research and got mixed information. There is no clear answer, except to say it is a mix of both. So, some of us are born with tendencies to lead, to own our power, to be self-confident, and yet, all of us have choices in how we act and interact with the world, societal influences and each other. It seems that we are so often caught up in our own universes, that we don’t take the moment to be polite, to let someone in when driving, to wave and meet someone’s eyes, to give someone a tip for free or a free taste of something.

Not to say that I am immune from being this way, from time to time, I do try to stay conscious to sharing this life with others and connecting. When I see someone unconscious, I have a saying, “Hello! You are not alone on the planet.” This is my way of saying, wake up, connect, give space for one another.

Being nice, or what I would say is polite and connected is awesome, but not at the cost of giving away your power. The thing is, you can be nice, polite, caring and not apologize for who you are, what you think, what you accomplish. Apologize when it is appropriate, but not for being fully powerfully you. Own your power, magnify your brilliance and make a ton of money! That’s pretty nice too!

Article Source: http://EzineArticles.com/9529413

How Exhibition Designers Can Help You Boost Your Brand

Exhibition designers have extensive training, they are creative by nature, coming up with vibrant and eye catching designs which are guaranteed to help you generate leads when taking part in trade shows and exhibition around the world.

These exhibition designers work with you, identifying your needs and understanding them. They focus on your company, the products and services you provide and they come up with a design that is relevant to your industry, this enables you to promote a professional image at all times.

Remember when you are taking part in any trade show or exhibition anywhere in the world, you are putting yourself in a very competitive environment. Every other company at the show has the same goals at you, to generate more business and they will go out of their way to make their stands really stand out. This is why you need to ensure your designer really understands your business, so they can create a design which is guaranteed to make an impact on your clients.

Exhibition designers have years of experience. They have worked with companies in all industries and designed stands for all types of events, from local trade shows to international exhibitions. They will be able to incorporate their extensive knowledge to ensure they provide you with a stand design that you will love and that you will know with confidence your audience will love.

The exhibition designers will conduct their own research into your clients. They will identify the type of clients you attract and their age group. This helps them come up with a complete custom and unique design which is focused on drawing clients to your stand. These designers are similar to search engine optimisation experts, but instead of focusing on drawing traffic to your website, they focus on drawing clients to your stands, so you can work on them to get their information to use in the future, hopefully secure a new client in the process.

They offer creative solutions. If you were to create your own exhibition stand, do you have the creativity needed to compete against the other companies taking part? Do you have the ability to turn a stand into an attractive and professional space which attracts clients? These exhibition designers can come up with the most creative solutions which are guaranteed to help you achieve success in the long run.

They will make changes as you need them. They will come up with a design or two for your approval. You can see if you like the design or if you feel that there are changes needed. The exhibition designer is flexible and will work with you to ensure you get the design you want and that you feel is going to benefit you the most now and in the future.

The exhibition designers have a knack for helping you make a visual impact. They have designed hundreds, if not thousands of exhibition stands, they learn from each design they do, making it possible for them to come up with a completely unique design that matches your individual requirements.

The good news is that once you have a stand that you approve, the price will normally include the design, build and all the relevant equipment, such as the lighting and multi-media solutions. This can save you money in the long run. Some exhibition designers work for reputable companies who will install, break down and even store your stand for you until the next event.

Article Source: http://EzineArticles.com/9537994

Are You Ready for Abundance in Your Business?

True or false: there’s an unlimited supply of income available for my business.

The answer is: true. And false.

Either way, it’s what you believe that will determine your level of success financially and in every other resource in your business.

Whether you believe in abundance or not means the difference between achieving financial success in your business, and struggling. It can mean the difference between a flourishing business with substantial profits and an okay, meet-your-expenses business, or even business failure.

This isn’t one of those, ‘build it and they will come,’ articles. I’m not saying that if you believe you’ll have financial abundance in your business that money will automatically come flowing in.

I am saying that your belief, your mindset, makes a very real difference in the amount of money you’ll create in your business.

A scarcity mindset will keep you and your business small.

An abundance mindset will allow you to grow and expand in income, leadership, and in every other aspect of your business.

You may still be doubtful. Hey, I studied science in college, so let’s take the existential approach for a moment. If you’re having trouble believing that your mindset can make this much difference, consider the practicalities.

Which would you rather experience in your business? It sure feels a lot better to be open and looking for opportunities than worrying about who is going to steal your next lead and idea.

The world’s a friendly place, wide open with possibilities. And they’re available to you, with the abundance mindset that invites them.

I don’t want to imply that no work is involved. Opportunities are just the open door. To make them yours, you’ve got to do the work.

So which will you believe in? Abundance or scarcity? Your choice will make all the difference in your business.

Article Source: http://EzineArticles.com/9537832

Benefits of Custom Exhibition Stands

Taking part in exhibitions and trade shows is a fantastic way to boost your brand, gain new clients and increase your revenue moving forward. Taking part in a show and meeting your clients face to face is an effective marketing tool, enabling you to answer questions there and then, identify their interest and gain essential leads to help you grow your business now and in the future.

The one thing you may not realise when signing up for a trade show or exhibition is the competitive nature of these events. Every company taking part has the same goals as you, which can make this a very competitive environment. The one benefit of a custom exhibition stand is that it is unique and attractive, it is designed by professionals to ensure you make an impact at any event you attend and market yourself at moving forward.

Another benefit to choose custom exhibition stands is while they are slightly more expensive than the run of the mill modular stands you can purchase online, they do provide you with a good return on your investment in the long run. While you will need to pay the initial cost for the design, manufacture and installation, once you have the stand and its yours, you can continue to attract new customers, generate more sales and make an impact at every event you attend.

A major benefit when you choose a custom exhibition stand is that it includes everything, which makes the stand more affordable in the long run. The stand will include the design and build, along with the lighting, any multi-media displays you require and more. Unlike traditional stands, where you will need to purchase everything separately, with these stands you are quoted one price for everything.

The vibrant and creatively designed stands help you to improve your brand. It will promote a professional image and help you attract more clients to your stand. Remember you are competing against a host of other companies at the same show who provide the same or similar products and services to yourself. You need to have something unique that will draw clients to your stand, so you can get the essential leads you need to grow your business as you move forward.

The custom exhibition stands are designed these days to fit most exhibition spaces. It is worthwhile before making any decisions to identify what sized stands the company can provide you with. They will have extensive experience, which will also enable them to provide you with advice and assistance based on the events you intend taking part in, thereby choosing a stand size that will be able to be used with ease and confidence at all events in the future.

A huge benefit to the custom exhibition stands is that they are often a flexible design. You can make changes to the stand between shows to ensure you cater to each event with ease. The designers will be able to work alongside you identifying your unique requirements and coming up with a design where changes can be made so you can always appeal to your audience at each event you attend.

With a custom exhibition stand ready for use, you can enjoy two way communication with your clients. This type of marketing gives you the chance to engage with your clients, discuss their needs and come up with an action plan. It ensures that you take the steps needed to secure the clients information, generating leads that can help you grow your business with complete confidence.

Article Source: http://EzineArticles.com/9538012