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Fun Things to Do as Couples in Springfield

When likely to go on a date with your partner yet you have no notion of the actions that will ensure it is memorable, worry no more. Shown in this specific article are one of the routines that are top that lovers can do for fun. Ensure to keep the fun aspect of dating alive, or you may end up in a slump of merely going to run tasks together. To begin with, you can start to organize any tips and combine some of your own personal tips into the mix. Your top alternatives to do on such dates are the following.

The initial thought would be to go sailing. You may not possess your own ship or may not know anyone who has a boat, but there are numerous options for rentals as well as for excursions in just about any location. This can be a comforting and calm time together get to understand each other and to soak the landscape up. It is also a fantastic setting for taking pictures and a welcomed time for anyone who can be into the outside.

Going to a concert can be recommended. What if you have two different tastes in music and you recommend a band or singer they do not like? Although your date might not only be switched off from the suggestion, they might be turned off by you. Perhaps you must choose to attend a concert when an artist comes with a more equally dispersed fan base to city. Or you can always ask what type of music your date prefers ahead of time choose on anything you may both listen to and appreciate.
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Cooking can also be encouraged. Your mama gave you several recipes you know you can pull off for the date. By coming to your property not simply will they get a preference of your culinary capabilities, they will also get a glance into your life. Odds are, you may not spoil the meal, but if you do you may usually get some take out and save yourself.
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Often change to sports, if all else fails. There is not just one town in the country that does not get some form of sports staff throughout the year. Get seats into a nearby sporting event or create a trip at a local restaurant or bar and watch the big game from there over a meal.

Cooking has become the most suitable choice. This is because it demonstrates a concept that is welcoming that you care about this person together with your advantages. Contact your date and enable them know that you would like to cook for them. They will not only be thrilled but pleased by the thought as well.

Looking for Small Business Financing? Consider An Account Receivable Financing Strategy

Could account receivable financing help your firm? The dramatic rise of small business financing in accounts receivable ( by the way, Canada’s largest corporations use this tool also!) Is simply a factor of companies such as yours wanting to capitalize on the working capital and cash flow that is, in effect, locked up in receivables

It doesn’t take rocket science for any business owner of financial manager to figure out that if his or her firm has investments in receivables and inventory then those assets, typically called ‘ current assets’ requires financing in some form. Of course you can ‘ self finance ‘ – meaning simply wait for your inventory to turn into receivables, and then wait probably even longer for A/R to turn into cash. But, doing that forces you to give up on sales opportunities and challenges the very core of your financial health, given that we all agree cash flow is king.

If you are fortunate enough to be financing via a Canadian chartered bank you are of course familiar with ‘ collateral ‘- our banks do a great job of explaining that to you! Why don’t you use your own firm’s collateral, its assets, mainly accounts receivable, and monetize that asset into cash.

Clients are often fairly clear on the benefits of account receivable financing, which is also called invoice discounting or factoring. What they don’t seem to have the best handle on is how it works.

One you have such a facility set up it quite frankly is one of the easiest and quickest ways to unlock cash flow and working capital on a daily, weekly, or monthly basis. The power to choose your timeframes remains with yourself. And by the way, you only pay for the financing you are using. Let’s get back though, to how it works.

In Canada there are two types of factoring, we’ll focus on the most common one, which, by the way, isn’t exactly our favorite (there is a better one) but let’s keep it simple for now.

After your firm generates an invoice you submit it to your factor firm partner. That could be once invoice, several, or many or all. Funds for those invoices are wired, or sent to you, that same day into your account. Didn’t you just feel your cash flow being totally unlocked and flowing?! Approximately 10% is held back as a buffer, but as soon as your client pays you get those funds back also, less what is known as a discount fee, typically between 1 and 3% – 2% is pretty well the norm.

2% you say! Isn’t that expensive for small business financing. Absolutely, positively maybe, but we actually don’t think it is. That is because all in rates from your bank when you total up all the fees, services, standby fees etc often total in the 11-12% range, not the 6% or 7% you think you are getting. And furthermore, if you take the huge amount of cash you just receive and use it to purchase more efficiently, or takes discounts on supplier invoice payments you make your total cost of capital goes down. And, another point, if you are in a competitive environment, (who isn’t) does your ability to have unlimited cash flow put you steps ahead of your competition? We think it does.

There are a number of ways to finance your business. If your firm has A/R assets and you are challenged by the timing in which money flows through your business then consider the benefits of account receivable financing. Speak to a trusted, credible, and experienced business advisor on this popular financing tool for small business financing in Canada.

Online Degree in Finance Offer CPA, CMA and CFA Job Opportunities

An online degree in Finance is one of the best options to take if you are eying for job opportunities in financial planning, corporate finance, insurance, investment banking and real estate. The study of finance evolves around the science of funds management such as in saving and in lending money.

Technically, it deals with the spending and budgeting of finances where money, time and risk factors intertwine.

There are three general areas of finance; namely, personal finance, business finance and public finance.

One aspect of this field deals with bank deposits of business organizations and individuals which the bank lends to other corporations and individuals for investment or consumption and for interest charges on loans. When it comes to personal finance, it involves paying/financing for education; durable goods like cars and real estate; insurance; investments and even for retirement purposes. It may also involve payments for debt obligations or loans.

Since an online degree in Finance promises wonderful job opportunities as opposed to those who graduated from a traditional classroom setting, more people have opted to learn via online forums. With a busy schedule and a family to feed, it is really hard to go back to school just to enroll in Finance courses. This makes online education the best choice for those opting for a career change or to finish their studies while working.

An online degree in Finance seems to be the very popular major these days. For this reason, most universities and institutions now offer not only bachelor degrees but also masters and PhDs. Even payment options are not as difficult now as it was 5 to 10 years ago.

Aside from student loans, there are other payment plans you can choose from.

When it comes to choosing an ideal university or school for an online degree in Finance, you need to initially think about the factors you are looking for in an online institution.

With so many options to choose from, it may be hard to decide which is the best and most suitable for you. Factors you can check include the accreditation, the course outline, the schedules, the popularity and most of all, the cost.

The best thing about getting a finance curriculum is the fact that it can provide you with the fundamental financial management tools which can help you succeed in analyzing as well as executing financial aspects of major managerial decisions. To succeed in a career in finance, all you need is a bachelor’s degree.

Most online universities offer finance courses that focus on ethics, technology, critical thinking, e-business, problem solving, statistical analysis and other research methods. Then again, if you want to land in a career in financial management, you can also get a master’s degree or an MBA. For CFA certification, a bachelor’s degree will suffice.

Whether it’s a bachelor’s degree, a master’s degree or a PhD in Finance you are considering, online universities offer the convenience of time and money. Through an online degree in Finance, you can advance your professional credentials and gain certifications as a CPA (Certified Public Accountant), CMA (Certified Management Accountant) or CFA (Chartered Financial Analyst).

Is There A Better Way To Finance A Business Loan? Consider An Asset Finance Strategy

When you need asset finance and a business loan in the 2010 economic environment alternatives are great. One of those solid alternatives is an asset based lending arrangement which focuses on what counts, your assets!

As a business owner and/or financial manager you are looking for business financing that makes sense. ABL is the acronym for one of the more exciting business financing alternatives that is growing in popularity every year in Canada. Are we actually saying that asset finance via an asset based line of credit is ‘ exciting ‘? We will let you decide that, but if this financing is easier to achieve than bank financing, is cost effective, and provides you with unlimited capital… well our clients are excited… you make your own thoughts on that!

Asset based lines of credit simply are drawn down by your firm based on the value of ongoing assets. The assets that are always there are inventory, A/R, and to some degree your fixed assets that aren’t already financed. By collateralizing your assets, and, most importantly, leveraging them to the max if you need to, you are creating available working capital.

We are always explaining to clients that this leverage of assets is not taking on debt, you are not borrowing on a long term basis, and you are simply monetizing current and fixed assets based on current values. What are those values, typically they are 90-100% of receivables under 90 days, 40-75% of your inventory, and a liquidation type value on any equipment you want to temporarily monetize. Clients always ask – ‘ Do you mean that we can borrow, if we need to, on a temporary but ongoing basis on our fixed assets?”. The answer is yes, if you are considering this type of financing strategy.

Let’s cover off the two key points clients always tend to focus on when they are investigating this unique business loan strategy- namely costs, and timelines to get the working capital facility in place.

In some ways cost is the most difficult area of explanation and investigation in an asset finance working capital facility. Putting aside the normal due diligence or commitment fee required to get a facility in place the reality is that there are a couple of key drivers that affect pricing. Asset finance revolvers can be just as competitive as a Canadian chartered bank financing (and less onerous to get approved) but prices varies all over the board in Canada because of the fragmented and specialized nature of this type of financing.

Typically we see rates as low as 9% per annum and as high as 1.5% per month. That’s a big spread and ultimately it depends on the size of the facility, the mix of your current assets, as well as any perceived industry or business risk associated with your firm. But again, we remind the reader, what price would you pay for unlimited working capital?

Typically it takes 2-4 weeks to close such a facility. In Canada as we noted the market is fragmented and these lenders are very focused, specialized, and by nature experienced in what they do, which is value your assets and finance them!

Speak to a trusted, credible and experienced Canadian business financing advisor around asset finance as a business loan strategy if your working capital needs ‘ aren’t working ‘ now!

Finance Careers: Investment Banking Associate

As second-year MBA students chatter at cocktail parties, one of the major topics of discussion is who landed investment banking offers. Although the reputation of investment banking has taken a beating following the 2008 financial crisis, corporate finance jobs are still an incredible way to gain valuable business experience and earn a handsome paycheck.

Since the financial crisis, many perceive investment banking to have changed forever, and in many ways, it has. But there will still be IPOs, mergers and leveraged buyouts and a need to raise capital to grow businesses, and that means there will be jobs for those who have what it takes to succeed in corporate finance.

For the MBA, the typical entry job into the corporate finance department is an associate position. It’s a demanding slot, but it’s one rung above an analyst position, pays well and leads to great client exposure and business experience. So what will it take for an MBA to secure an associate position?

From B-School to I-Banking

Yes, corporate finance looks for bright individuals who can clearly articulate business insights and who will dazzle clients with social skills. But at the associate level, investment banks are also looking for MBAs that have strong finance experience and are driven and disciplined.

In terms of experience, bankers are ideally looking for candidates with previous corporate finance experience. Such experience could be a pre-MBA stint as an analyst or a summer internship with an investment bank. Firms also tend to value candidates with Big Four accounting experience, commercial banking experience or other positions that require significant exposure to finance and accounting.

Similar to the analyst hiring process, interviews for associate positions can be intense, and the ante is upped for candidates who have completed graduate programs and will be expected to work more closely with clients. Associate candidates should put in several hours of practice interviews and be prepared for all sorts of questions. For those who have already gone through the interview process as an analyst, the interview won’t be as intimidating (otherwise, get ready!).

Interviews may involve several rounds, culminating in a “super Saturday” round in which the top candidates meet with all the bankers at the firm for another round of interviews and socializing – giving the firm an opportunity to see which candidates are the best cultural fit.

As with most interviews, candidates must be prepared to impress the firm with their intellect and skills, but more importantly, they must prove that they are a likeable person that will work well with the firm’s employees. For candidates who receive offers, it’s time to get ready for life as an investment banking associate.

The Corporate Finance Quarterback

There’s a good reason why associates earn a healthy salary and a large bonus each year. In short, they are the quarterbacks of the corporate finance office. They may have analysts to whom they can assign projects, but they have to juggle multiple projects from multiple bankers with complicated schedules. Managing the analysts is no easy task either, as each of them are pushed to the max with their project workloads.

Like analysts, associates may start their day at 8 am and not finish it until 1 or 2am – and sometimes may not go home at all. They come in on the weekend to stay on top of projects and ensure that documents and presentations are completed with enough time for thorough editing. Associates usually put in as much time as analysts – often 80 to 100 hours a week at New York firms or 60 to 80 hours at firms off of Wall Street.

The Deal Cycle

Associates play a key operational role in the deal cycle of the corporate finance department. In the deal cycle, investment bankers – the vice presidents and managing directors – will either approach or be approached by companies with ideas for potential transactions. These deals may include IPOs, follow-on offerings, private placements, mergers and acquisitions.

Bankers will set up a meeting with the company called a pitch, in which they pitch the services of the firm to the company and present their analysis of the feasibility of the potential transaction.

At the pitch, the bankers will present the potential client with a pitch book – usually a hard-copy PowerPoint presentation that describes the credentials of the bank along with a detailed analysis of the market in which the company operates and often a valuation of the company itself.

If the company is impressed with the firm and interested in pursuing a deal, then it will engage the firm to execute the transaction. Depending on the type of transaction and the conditions of the market, these transactions can take anywhere from a few months to a few years to complete. At any point in time, bankers can be working on several pitches and deals all at once.

What do Associates Do?

Analysts tend to work on the front end of the deal cycle, working on pitch books for the bankers. Associates also work on the front end of the deal cycle, overseeing and editing the work of analysts in the preparation of pitchbooks.

But associates also assist in the execution of deals – preparing sales documents for various transactions, editing prospectuses and even discussing due diligence materials with potential purchasers in M&A and other transactions. As associates gain the respect of senior bankers, they may get to accompany the senior bankers on pitches and become more involved in business development.

A first-year associate may initially perform many of the same analyses as analysts – comps, DCFs, LBO, etc. – but associates eventually transition to more senior level work. Rather than cranking through the template financial models that analysts work with, some may redesign these models or build models specifically for particular deals.

Much of the legwork that associates perform involves spreading client financials to share with potential investors or drafting private information memoranda for M&A transactions or private placements. Because of the nature of this work, associates often work closely with clients, speaking with CEOs, CFOs and other members of the management team to assemble relevant information for sales documents.

Associates quickly learn to charm clients while at the same time leaning on them to provide timely, detailed information for sales documents. Corporate finance transactions can be extremely stressful on clients (and associates), and associates must be able to navigate tough situations where clients have become fatigued and emotional by the deal process.

The Perks of Being an Associate

Despite all the pressure and long hours, there are some payoffs for associates who stick around. Depending on the firm, starting salaries for associates can range from $100k to $150k, but when you add in bonuses that are often north of 50%, total compensation can range from $150k to $250k.

Many firms have a policy that when employees have to stay at work past 7pm, they get their dinner paid for. Like analysts, associates stay past 7pm nearly every night, so free dinners can quickly add up to a lot of money.

Other perks often include reimbursement for cell phone or blackberry bills, free cab rides for late trips home and the occasional opportunity to celebrate with other bankers at a lavish closing dinner.

Career Progression

If an associate chooses to leave the investment banking world, their experience can often be leveraged to move into positions that would normally require more experience. Investment banking is incredibly rigorous work with associates wracking up double the hours of the average worker and performing their work at an intensity level that is among the highest in the business world. It is no wonder that they have an easy time excelling in other careers.

For associates who hang around, two or three years of experience usually leads to a promotion to a vice president position. Hours for vice presidents may be a bit lower, but travel is a good bit more.

A high-performing vice president can make the jump to senior vice president or managing director after several years. Although the hours and seniority of these positions may be slightly more appealing than an associate position (senior bankers can still be found at the office on many weekends), they also bear much more responsibility for bringing in new business.

Like any career, anyone considering an associate position at an investment bank should look beyond just pay and prestige and think about whether or not they will enjoy the work. Some of the most valuable benefits investment banking has to offer are the incredible experiences of working with companies during pivotal times – and the character that those experiences build.