Today Michigan residents are bemoaning the declining economy especially how it relates to the housing market. Real estate seems to be rapidly declining with no end in sight. However, sometimes it is easy to be lulled into a false sense of doom when that is what you are hearing overall. Statistically speaking, though, the real estate market is not as bad as some seem to suggest and it is already seeing improvements. So in addition to the current trends, is there anything else that can affect the real estate market in a positive manner?First, home buying seems to be up overall. This is likely due to the number of houses on the market that are priced below an ideal dollar amount. Sellers are losing money on the equity they’ve build into their home and leaving the area. However, buyers are taking full advantage of this and purchasing homes at cut rate prices. Although it is a bad time for sellers, investors and individual buyers are benefiting from the trend. Real estate in general, though, is cyclical and although it is a buyer’s market now, eventually it will be a seller’s market and the pendulum will again swing the other way. What’s best for the overall economy though is when there is a close balance between buyers and sellers. Forecasts, though, do not seem to support an upward trend any time soon.The economy in general especially the job market needs to improve in Michigan to see a significant corresponding improvement in real estate. The current trends in employment are declining and the unemployment rate is rising. This declining job market is seen across all industries in Michigan. This will have a direct correlation to the real estate market in Michigan. People who do not have jobs, do not have income. People who do not have income can not afford to buy homes or keep the homes they already have.Because people are losing their homes at a rapid rate and have no jobs, there are some things that can be done to affect improvement. However, knowing how to improve the market and putting it to any practical use are two very different things. People who are in homes already need to stay in them and if that means financial assistance in order to reduce the foreclosure rates, then this needs to be done. The greater problem of the overall economy needs to be addressed though for a long term solution. With the auto industry having a great impact on the economy and this market is declining, there needs to be an effort to diversify industry in the area.Diversifying industry and creating new job opportunities for people will stop the trend of people leaving the area in search for more lucrative jobs. Government assistance for new businesses or incentives for business growth may be able to help bring some new life into the job market. If there is an increase in the job market, Michigan will start to see more people move the area and need homes which will affect an upward swing of the real estate market.
Reasons to Buy Life Insurance
For many people, the first introduction to life insurance is when a friend or a “friend of a friend” gets an insurance license. For others, a close friend or relative died without having adequate coverage or any life insurance. For me, I was introduced to a life insurance company where I had to set appointments with friends and family as I learned the ends and outs of the industry and hopefully, make some sales.Unfortunately, however, this is how most people acquire life insurance – they don’t buy it, it is sold to them. But is life insurance something that you truly need, or is it merely an inconvenience shoved under your nose by a salesperson? While it may seem like the latter is true, there are actually many reasons why you should purchase life insurance.As we grow older, get married, start a family, or begin a business, we need to understand that life insurance is absolutely necessary. For example, picture a safety net. You may be the greatest tightrope walker in the world, without a doubt. You could perform without a net, but, “Why?” You cherish your life and the life of those close to you and you wouldn’t do anything that showed that you felt differently. Let’s face it, we have no control over the unpredictability of life or of unforeseen occurrences. With that in mind, just as a safety net protects the uncertainty life, so does life insurance. It is an indispensable and fundamental foundation to a sound financial plan. Over the years, life insurance has given many caring and responsible people the peace of mind knowing that money would be available to protect the ones most important in their life, family and estate in a number of ways, including:1. To Pay Final ExpensesThe cost of a funeral and burial can easily run into the tens of thousands of dollars, and I don’t want my wife, parents, or children to suffer financially in addition to emotionally at my death.2. To Cover Children’s ExpensesLike most caring and responsible parents, it is necessary to be sure that our children are well taken care of and can afford a quality college education. For this reason, additional coverage is absolutely essential while children are still at home.3. To Replace the Spouse’s IncomeIf one parent passes away while the children are young, the surviving caring parent would need to replace that income, which is essential to their lifestyle. The responsible surviving parent would need to hire help for domestic tasks like cleaning the house, laundry, and cooking. Add to that equation if it is a single parent, helping with schoolwork, and taking your children to doctor’s visits.4. To Pay Off DebtsIn addition to providing income to cover everyday living expenses, a family would need insurance to cover debts like the mortgage, so they wouldn’t have to sell the house to stay afloat.5. To Buy a Business Partner’s SharesIn a business partnership, the partners need insurance on each other partner’s life. The reason is so if one dies, the others will have enough cash to buy his interest from his heirs and pay his share of the company’s obligations without having to sell the company itself. They have the same needs (due to the risk that one of the partners might die), and they simultaneously purchased insurance on each other’s life.6. To Pay Off Estate TaxesEstate taxes can be steep, so having insurance in place to pay them is essential to avoid jeopardizing assets or funds built for retirement. Use of insurance for this purpose is most common in large estates, and uses permanent (rather than term) insurance to ensure that coverage remains until the end of life.7. To Provide Living BenefitsWith the advancements in medicine and rising healthcare costs, people are living longer, but cannot afford to. Living benefits is an option to use death proceeds before the insured dies to help with obligations or necessities to ease the pressure on themselves and others.How Much Coverage Should I Buy?The face amount, or “death benefit” of an insurance policy (i.e., the amount of proceeds paid to the beneficiary) should be high enough to replace the after-tax income you would have earned had you lived a full life, presuming you can afford the annual premiums for that amount. In other words, the insurance replaces the income you didn’t have the chance to earn by living and working until retirement due to a premature death.The proper amount of insurance allows your family to continue their lifestyle, even though your income is no longer available. The actual amount that you should purchase depends upon your present and probable future incomes, any special circumstances affecting you or your family, and your existing budget for premiums.Whole Life or Term?Some people prefer to drive Cadillac, Lincoln or Rolls Royce, which come with all of the electronic gadgets that make driving safe and as easy as possible. Others prefer less customized makes, equally reliable to their more expensive cousins, but requiring more hands-on attention.Whole life is the “Cadillac” of insurance; these companies try to do everything for you, specifically investing a portion of your premiums so that the annual cost doesn’t increase as you grow older. The investment characteristic of the insurance means that premiums are generally higher than a similar term policy with the same face value. After all, whole life insurance is intended to cover your whole life.Term insurance, on the other hand, is temporary life insurance. There are no excess premiums to be invested, and no promises or guarantees beyond the end of the term, which can range from 1 to 30 years. The annual premium for term insurance is always less than whole life, lacking the investment component, but your premiums will rise (often substantially) once the term period expires.Both types of life insurance, term or whole life (or one of their derivatives) have benefits and drawbacks; both have their place depending upon the needs, desires, and financial objectives of the purchaser. A knowledgeable professional insurance agent can help you decide which type of policy is best for you depending upon your circumstances. But whichever you select, be sure that you have enough coverage to meet your objectives in the short term and the long term.The Last WordSome people mistakenly believe that life insurance is a scam. This is because the money for premiums is lost if death doesn’t occur during the coverage period (in the case of term insurance), or because many people live to a ripe old age and continue to pay their permanent insurance premiums. Such naysayers compare life insurance protection to gambling, and forgo the protection entirely.There are others, who have the belief that life insurance does not help them. To those individuals, the answer is: You are absolutely correct! The truth of the matter is that life insurance is a way for caring and responsible people to help ensure that their family can continue to move forward in the event of your untimely demise, a truly difficult time of loss. Of course, there is no bet – you will die, but no one knows when. It could be today, tomorrow, or 50 years into the future, but it will happen eventually.Do you have life insurance? Why or why not?
Critical Things to Consider When Comparing Small Business Phone Systems
Choosing the right small business phone system can greatly enhance a business’s efficiency, as well as reducing the cost of doing business. It’s vital to have a strong comprehension of small business phone systems so your company doesn’t pay too much or choose a system that doesn’t have the ability to grow along with your business. This article will review different options and the things you need to consider when selecting a small business phone system.While on the surface, selecting a small business phone system may seem like an easy decision, it can either assist or obstruct your company’s efficiency and professionalism. When choosing a PBX phone system, there are many things to consider.
How many employees will need a separate extension and will they need voicemail?
Will employees need to access the company phone system when they are away from the office?
Will the company be expanding? A modular system is important for an expanding company. An inexpensive small business phone system won’t be able to keep up with a growing company.
Will employees work remotely? A telephone system with a feature that routes calls is important for companies that have employees working out of the office.
A small business phone system will include some of the basic features:
Remote voicemail pickup
Additional FeaturesSmall business phone systems that provide extra features can enhance the efficiency of a business. Not only are these new features designed to increase productivity and professionalism, but they also make sure that calls don’t slip through the cracks. One missed call can mean a company may miss out on a large order or a lead that may end up being profitable. A few of the available features for today’s small business phone systems include:
A feature for recording calls that can save your phone conversations to your computer’s hard drive.
An audio recording function that will email the recording as an attachment.
A voice to email notification that sends an email when an employee has a new voice mail message.
Auto-fax detection that automatically transfers incoming fax calls, eliminating a separate fax line.
Kinds Of Small Business Phone SystemsThere are many options for today’s small businesses when choosing a small business phone system and how they can handle calls:PBX (Private Branch Exchange)PBX systems are able to reroute calls within your office, as well as to employees working remotely. Because of this, it is a better choice than a standard VOIP system. There are PBX systems that use VOIP technology, which reduce long distance costs.VOIP (Voice over Internet Protocol)VOIP has become a favorite choice for business owners because all long distance call charges are no longer a concern. Calls are made through a high speed internet connection and do not use the traditional phone company’s copper wires. The problem with a pure VOIP system is that it is completely dependent on the internet so if your internet goes down, so does your phone.Hybrid PBX SystemsHybrid PBX systems use both VOIP and the phone company’s copper wires to make and receive phone calls. Each call goes through whatever is cheaper and available at the time. If the VOIP system is unavailable, the phone system will still work through the copper wire.Virtual PBXA virtual PBX can be useful for small, single offices that don’t receive or make many phone calls. They combine an auto-attendant PBX system and a VOIP telephone. The biggest negative to the virtual PBX system is that they cost more in the long run than an in-house small business phone system. Virtual PBX companies charge a per-minute fee for the VOIP connection. If the phone system was located in-house, the fee is very small or non-existent.Flexibility and options that can save time and increase efficiency are important things to look for when choosing a small business phone system. While price is a factor, it’s important to find out if installation, tailoring the small business phone system, technical support and training are included in the price. Small business phone systems can be difficult to set up if you don’t know what you’re doing and you want to make sure those fees are included in the initial price.
Make The Best Use Of MDM Solutions By Improving Data At Its Entry Stage
The technological advancement and globalization has surely benefited the business environment immensely. While the use of advanced machinery, optimum use of resources and quick access to information has made many companies achieve great heights; competition, corporate scandals, sudden machinery downtime, administrative and technical changes often obstructs the growth of businesses. Though some of these setbacks can be avoided or managed with effective planning, preventive measures can see the light of the day only when the information used is reliable and consistent. Accessibility to quality information is a necessity for every business organization. Though companies can use data quality management tools to improve the quality of allocated information, it is important for them to first estimate the quantity of poor data that lies in their system.Before implementing a master data management software to cleanse data, it is important to understand what is quality data and the effect of bad data present in the company’s repository. Clear understanding of the business requirements is essential to derive appropriate solutions. It can be alarming, if the email addresses of most of the customers are missing in the customer service catalog. However, the situation wouldn’t be that grave, if the email address is not used for communication purpose or if the process does not require them for operations.In order to analyze and evaluate the quality of data, you should ask your business the following questions:Was the information properly fed into the system at the origin?
Was the information maintained as per the strategy proposed by the team?
Are the objects identified clearly? Does all the information known about an object helps provide an accurate representation of the object?
Was the data utilized and decoded properly at the time of access? Has the data been updated recently?
Based on the technique the organization uses to create and understand data, can the same data be used between two systems?The first step of Mro data cleansing starts with the analysis of entry quality. Though its often easy to identify the problem at this phase, it is difficult to correct. Entry issues are mainly caused by manual entry of data. Typo errors and false information create confusion and corrupt the data. Profiling tools and queries can be used to fill the missing information. Again its important to analyze if the missing information is required for the business processes. If the missing values create less impact on the business growth then their existence can be ignored.Verifying the quality of data at its source can be difficult, if the data is sourced from third parties. There are many applications that provide internal information at an additional cost. The companies can use these services and get updated information. However the simplest of all is to ask the individuals who fill the data into the systems to cross-check their authenticity. This way corruption of data can be prevented at the origin itself. To enhance the quality of data and get an organized database that meets the business requirements, companies should make effective use of master data management tools.