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Archive for the ‘Business’ Category

Business rates are a tax on the right to occupy commercial property and typically equate to approximately 45% of annual rent. As such, they represent one of the largest overheads for businesses and substantially impact on the profitability of many organizations.

Business rates are calculated by multiplying the rateable value of a property by the uniform business rate (UBR). The rateable value is the valuation office’s estimate of a property’s market rent at a set valuation date.

An agency’s rating reflects current opinion on the relative likelihood of timely payment of interest and principal on the rated obligation. It is an unbiased, objective, and independent opinion as to the issuer’s capacity to meet its financial obligations.

A rating agency’s credit ratings are an opinion on probability of default on the rated obligation, forward looking, specific to the obligation being rated, an indication of the potential price of the issuers’ bonds or equity shares, indicative of the suitability of the issue to the investor, a recommendation to buy/sell/hold a particular security, a statutory or non-statutory audit of the issuer.

These ratings are based on a robust and clearly articulated analytical framework, which ensures comprehensiveness, standardization, comparability, and effective communication of the ratings assigned and of every timely rating action. The assessment is based on the highest standards of independence and analytical rigor.

The rating agency rates a wide range of entities, including industrial companies, banks, non-banking financial companies (NBFCs), infrastructure entities, microfinance institutions, Insurance companies, Mutual funds, State governments, urban local bodies, etc.

A few of the leading credit agencies include, CRISIL Limited, Fitch Ratings India Private Ltd., ICRA Limited, Credit Analysis & Research Ltd. (CARE), Brickwork Ratings India Private Limited, SME Rating Agency of India Ltd. (SMERA)

The clientele of these agencies include all the industry majors of the BSE Sensex constituent companies and NSE Nifty constituent companies, accounting for a large per cent of the equity market capitalization, are CRISIL’s clients.

If you are running a home based business and don’t have any protection for it, then get the right protection for it first. Home based business is totally upon your hands and if everything is lost, then you will be the loser along with your family.

You will have to find yourself the cheapest policy to cover your business so that all your things are covered in case of a disaster. If you think that the office that you have is in your home and so your home insurance policy will cover it, then think again. Most of the home insurance policies do not cover structures used for business. Now suppose you have a fire in the part where your office is. What will happen then? And if the fire spreads to the entire house, then even those parts won’t be covered. What will you do then?

Suppose your client somehow got hurt while inside your office, will you get covered by your home insurance? No. While you are doing a business work in your house, a person not related with your business gets hurt. You get nothing from your home insurance in these matters.

So if you do not have the right coverage for your business, then don’t wait anymore. Do the right thing before it is too late. You may not get any second chance if a disaster really comes.

Business ventures could be of different types. We see large business ventures and big business houses around us. Not all can afford to grow a business like that. Many small business ventures are there too; while some prefer doing home based business. Home based business is ideal for housewives especially for mothers who do not have time for any venture that requires long working hours. So they have to opt for something which they can do from home. This is convenient for people who prefer being independent and want to be self employed. There are many things that you can do from home such as candle making business; you can open a cooking class, or a boutique, interior designing business and many other things. The first thing you need to do is to identify your potential. You need to understand what you are good at. Then select a business idea in accordance with your talent. Your next step should be doing a market survey to find out about the demand of that service you are going to provide. Also learn about your competition. Then you need to decide whether you want to go online or are you for conventional business. If you are aiming for online venture then you will need to design a well designed website; you have to employ online marketing strategies. You need to be active on Facebook, Twitter and open a business page to make people aware of your business. This is a great way of generating customers. If you are into conventional business you should still be active on social networks. Adopt a proper advertising plan. That is the way of letting people know of your business. And most importantly work hard as this is the only way of achieving success.