Posts Tagged ‘Small’

Health and Safety Warning for Small Businesses

Tuesday, July 6th, 2010

A significant number of small to medium-sized businesses (SMBs) are not keeping their health and safety records up to date, it has been claimed – meaning many are in breach of standards.

According to Lisa Fowlie, president of the Institution of Occupational Safety and Health (IOSH), small businesses in general are not fully au fait with health and safety guidelines and regulations, and often view them in a negative light.

Rather than being seen an attempt to improve standards in businesses, she said, too often SMBs see health and safety legislation as being detrimental to their cause.

However, Ms Fowlie has suggested that applying health and safety law is not only “very easy to do”, but also confers positive benefits. She admitted, though, that these are facts all too often lost on small businesses.

“It’s very difficult to get the message across to small businesses, because by their nature they have got very few people [so there's an issue] of who actually takes the role on… People think that you have to have a huge amount of red tape, and that if you start on [health and safety procedures] then it’s going to stop them operating,” she commented.

“Whereas in actual fact, a lot of small businesses are very low risk and so the actual implementation is very reasonable and very easy to do. There’s a lack of understanding quite often.

“Getting health and safety into businesses is not onerous, it’s actually helping them to keep best practice and keep the business up and running and operating,” Ms Fowlie continued.

“Good health and safety practice actually generates good business practice.”

Ms Fowlie went on to warn small firms that even if they are still of the opinion that health and safety procedures are an unwanted distraction, they should still do all they can to ensure they are fully compliant with the law – because if they don’t, the Health and Safety Executive or the local authorities will be on their backs.

In order to reduce the burden of red tape while ensuring that they remain on the right side of the law, Ms Fowlie advised firms to keep things simple.

“You don’t want overkill; you don’t want masses and masses of files if you don’t need them,” she said.

“You want to put what we call sensible risk management in, so that they can continue with what they’re doing, rather than anything that stops them doing it.”

Disclaimer:

This article has been written for information and interest purposes only. The information contained within this article is the opinion of the author only, and should not be construed as advice or used to make financial decisions. Expert financial advice should always be sought and any links contained within this article are included for information purposes only.

A Small Home Improvement Loan Can Sell Your Home…and Make You Money

Sunday, May 30th, 2010

The United States is deep into a housing slump which means that a lot of people are trying to sell their home but having a difficult time doing so. There are basically more homes for sale than there are home buyers right now, which means that home sellers have to lower their asking prices just to get people interested in their home. Lower home prices mean that people selling homes are not making as much of a profit off their home sale as they’d like.
If you are trying to sell your home right now and not having much success then you may want to consider ways of using a small home improvement loan to actually help you sell your current home and actually make a little more money than you might expect. This is not as difficult as it seems.
First, home sellers should look around their area to see what prices similar homes are selling for. This can be done by simply driving around the neighborhood and looking for home sale signs, but it is better to use several different real estate websites and look for homes for sale in your surrounding area. Real estate websites will not only give you the price of the other homes for sale, but many will also list key features and upgrades the home might have as well as offer interior and exterior photos of the home that may not be seen from a simple drive-by.
Now that you have a list of homes that are “competing” with your home that is for sale, it is time to start figuring out how you can improve your home without spending much money. Look at the other homes. Do many of them boast new windows, new carpeting or new roofs? Is their landscaping new and pleasing to potential buyers? What about an upgraded kitchen or extra half bathroom? How about simple interior decor items like crown molding, new baseboards or fresh paint?
Some of these home improvement projects are not very expensive to complete and can really make a big impression on prospective home buyers. This is where you may need to look into some sort of home improvement financing or small home improvement loan to complete your projects. A loan as small as a few thousand dollars could help you change your home enough to attract and win over a home buyer. Here are a few suggestions in different price ranges:
For $1,000 – $2,000: Consider updating the interior of the home you wish to sell with fresh neutral colored paint or new baseboards and crown molding. If you have wallpaper you may want to pay to have it removed and painted a general light color. Depending on the size of your yard you may also consider spending that money to have someone remove overgrown bushes and plants from your flower beds and put in smaller more manageable ones. Simply being able to advertise “crown molding” in a home sale ad will garner more attention than you normally would get with a regular listing.
For $2,000 – $5,000: Replacing worn flooring or carpeting is a good idea at this level. Simply having your carpets steam cleaned is a good start, but putting down new neutral colored rugs or tiling will go a long way to making a great first impression.
For $5,000 – $10,000: This is for larger home improvement projects that could really increase your return on investment. When people look to buy a home they really like updated kitchens and bathrooms. You don’t have to choose the most expensive materials for these, but you do want to choose neutral colors that many different people may like. Updating your kitchen with stainless steel appliances or replacing your counter tops with any sort of granite will definitely bring more buyers to look at your home.
How do you make extra money with this home improvement loan? For all of these improvements consider raising the asking price of your home by the amount you borrowed to improve it. You may even want to add on another 20%. If you had a home improvement loan of $10,000 you may want to increase your asking amount by $12,000 to account for the inevitable offer and counter-offer process that usually accompanies a home sale.
When you sell your home you’ll quickly be able to pay off your loan with the profit from the house sale. If you don’t sell your home right away you’ll still be able to enjoy the home upgrades until you do.