Monthly Archives: September 2016

How Globalization Of E-commerce Is Helpful For Business

Electronic commerce, commonly known as e-commerce and e-comm., is the buying and selling of products or services over electronic system such as internet and other computer networks. E-commerce is commonly used for net banking, online shopping etc…

This paper examines how globalization of e-commerce is impacting business in general. With the increase of internet-based technologies, it has been the reason for recent stimulus globalization. In this Information Age, Internet commerce is a powerful tool in the economic growth of developing countries. While there are indications of ecommerce patronage among large firms in developing countries, there seems to be little and negligible use of the Internet for commerce among small and medium sized firms. E-commerce ensures better business in the SMEs and sustainable development of economics for developing countries.

E-commerce allows companies to increase their sales in domestic and foreign operations and the flexibility afforded by the technology also provides less costly opportunities to locate operations strategically. E-commerce not only reduces communication costs, but also increases flexibility in locating activities. Research point indicates that internet technology has led to an increase in international trade (Freund and Weinhold, 2002, 2004). This is the evidence of how it suggests profits from foreign operations have also increased in recent years (Hilsenrath, 2005). In the emerging global economy, e-commerce has increasingly become a necessary component of business strategy being a strong catalyst for economic development.
Integration of information and communications technology (ICT) in business has evolved the relationships within organizations and those between and among organizations and individuals. The controversial current social and economic trends are globalization and the widespread adoption of information and communication technologies (ICTs). Many argue that these two trends are closely associated, each driving the other forward, and both being driven by other common forces, such as trade liberalization, deregulation, migration, and the expansion of capitalism and democracy (c.f., Held et al., 1999). Pohjola (2002) argues that the twin forces of globalization and the ICT revolution are combining to create the so-called New Economy, marked by higher rates of economic and productivity growth.

“Technology is both driven by and a driver of globalization, as both forces continually reinforce one another” cited by (Bradley et al., 1993).Specifically, the use of ICT for ecommerce in business has enhanced productivity, encouraged greater customer participation, and enabled mass customization, besides reducing costs. Prior to development in the Internet and Web-based technologies, the distinctions between traditional markets and the global electronic marketplace-such as business capital size, among others-are gradually being narrowed down.

Together with the appropriate strategy and policy approach with e-commerce enables small and medium scale enterprises to compete with large capital-rich businesses. On another plane, developing countries are given increased access to the global marketplace, where they compete with and complement of the more developed economies. Most of the developing countries are already participating in e-commerce, either as sellers or buyers. However, to facilitate e-commerce growth in these countries based on globalization phenomenal, the relatively under-developed information infrastructure must be improved. Significantly, economic trend of the past decade is the growing use of the Internet for conducting business.

Save your business from huge energy bills with Business energy price comparison

In the average household, the energy bill is normally one of the single biggest monthly outgoings and rising energy prices mean that’s not going to change any time soon. However, even a home energy bill is dwarfed by the energy requirements of even the smallest company so it’s very important that businesses make sure that they are paying the right amount of money for their energy. What amounts to small savings when switching residential energy can become a much bigger saving for a big company.

Of course, nobody wants to pay more than they absolutely need to for energy, and the cheaper you can make your energy bills, the more profit your company can make. The good news is that making a few very simple changes to how you approach your energy usage can make a big difference to your overall costs. Here’s some of the biggest changes you can make:

Compare and switch business energy – Don’t make the mistake of thinking that comparison and switching is something that only benefits residential customers. Business energy price comparison is a vital part of keeping your energy costs low for your company. Where your business is based and the size of your business are the biggest factors in determining how much you’ll end up paying, but it’s crucial that you shop around. There’s a large number of business energy tariffs available from more providers than you might think, and simply going with the first offer or the biggest brand name is unlikely to net you the best deal.

Get a contract – If your business has just started up or recently moved, there’s a good chance you may be paying rates on an ‘out of contract’ basis, which is usually significantly more expensive than average contract rates. You can reduce your energy bills by nearly a third by switching onto a service contract if this is the case, but again, make sure you to compare before you move to any new contract! Always find out the exact renewal date of your supply so that you can make sure to continue to compare and switch at that point, as most business energy providers will automatically place you into a new contract at the end of their existing one unless you opt out.

Switch your lights – It’s the classic advice that we’ve heard over and over again, but when you have a medium or large business, switching to low energy lighting can save thousands of pounds a year. Not only do these bulbs use less energy, they also last over ten times longer so you don’t have to worry about replacing them so often. Technology for low energy bulbs has also advanced considerably in the last five years, so don’t assume they will be dingy and uninviting until you’ve tried them out!

Invest in timers – Relying on every single employee to be energy efficient might be noble, but in reality it’s probably costing you a great deal of money in energy from devices being left on overnight. Investing in timers that make sure that all computers and electrical devices are switched off outside office hours can ensure that your company remains energy efficient when there’s nobody in the office.

Business Cash Advance of Rapid Capital Funding Vs Traditional Business Loans Which One IS Better

Are you in dilemma as you are unable to make a choice between business cash advance programming of Rapid capital Funding and the conventional business loans? If you delve deep into this matter you will find no difficulty in finding that from every possible way availing the merchant cash advance scheme is undoubtedly a better option.

Well, getting traditional small business loans is undoubtedly a cumbersome job. You need average credit, plus we also require a substantial down payment along with defined terms of use. And more so if you want to secure business financing loans from the banks you face more problems in getting approval. Banks are apprehensive about the risk factor of any small business dealing and therefore show reluctance in meeting the need of loan financing and stuff of the businessmen.

However Rapid Capital Funding can free you from any such kind of hassle. Even the business with bad credit may get working capital for running business and for that there are no hidden fees or any other specific terms of use. It will never impose outstanding credit requirements in front of you.

This unsecured business loan is ideal for all the budding business. On the contrary the traditional lending organizations at times show unwillingness to approve small business financing even to the owners who have excellent personal credit. Especially banks have the inhibitions and also are fearful about the high risk factor being involved with any kind of business development. The rest of the organizations who exist provide funds but are extremely selective in this matter. The business advance of this Rapid Capital Funding is definitely the call of the time. Its motto is to get money easily and start business immediately.

Apart from capital you must need for a number of reasons and also for effective functioning of your business. Either for marketing your products or for renovation processes you need a steady flow of cash and thus let your business to flourish within short span of time. Getting approval of money from the existing lending resources is time consuming and often is unable to meet your needs at all. However it is small business cash advance being provided by Rapid Capital Funding is what you opt for. Within a time period of only twenty four hours you can bring home your required money for business and what more.

Do you know that this alternative funding programs of Rapid Capital Funding offers you $250,000 as unsecured cash advance and that too within 3 days? Plus this amount also gets transmitted to bank account in less than 7 days. You will also get the respite from signing any kind of paper work or document, tax returns that are mandatory in case of other organizations.

Last but definitely not the least, the merchant advance of this Rapid capital Funding has more advantage. It is completely devoid of all those fixed payments and security collaterals. Thus, now even if your business undergoes a rough phase, you still do no need to worry at all as this aforementioned program has been solely designed to acclimatize with the several ups and downs of your business.

The worth of a business credit card

Among the so many varieties of credit cards, one of the most underestimated is the value of a business credit card. Many people do not choose to apply for a business credit card because aside from having a definite target market the business owners or business executivesit seems to be complicated to use. Although a business credit card has more requirements and has higher interests compared to other types of credit cards there is, contrary to the common conception, t can be very helpful if used properly.

What is a business credit card? Basically, business credit card is for the business peoples consumption. Compared to the regular credit card, a business credit card has a high limit plus low interest rates. Depending on the manner of choosing, a business credit card may also bring a lot of automatic benefits.

Since it is targeted towards businessmen or those people who are heading towards building a business, a business credit card can definitely benefit these small businesses. A business credit card helps the budding business by extending payments while improving the cash flow. Aside from bearing the image of a dependable credit card, business credit card boasts of having detailed reports and giving quality customer service as its major trademarks.

Aside from having limits and low interest rates, a business credit card provides many alternatives and numerous credit options for small businesses. A business credit card also caters to large corporations that are crafted to aid those people who are starting with their own business to grow while closely monitoring the baseline of credit.

Simplifying business credit cards It really pays to go to the bank when one applies for a credit card to get the chance to answer all immediate inquiries. But since business credit card is for business people who are always on the go, many business credit card issuers offers online applications for business credit cards. When one applies for a business credit card, there is no need to visit the bank. There is also no need to wait in the queue just to talk to a bank representative. When you apply business credit card online, all you have to do is to select the business credit card option that would perfectly suit your small business or corporate credit requirements right from the comforts of your home or office. Aside from offering safe, secured, and simple processes that are designed help you take care of your starting business, most business credit cards online offer accessible features for the convenience of the business credit card holder like the online payment and reporting. Customized company logos and access to instant cash are also available on line. Other business credit card online offers detailed reporting features for easy monitoring and access.

Most business credit card applications offer free fee for the first year and no pre-set spending limit or finance charges. Other business credit card offers viable membership rewards program that enables the member to earn points towards travel, merchandise and other rewards for his or her business. Some of these business credit cards offer small businesses a line of credit up to $100,000 at a competitive APR as low as prime + 1.99% for both cash and check purchases; 100% of the line is available as cash and no collateral is required. The business credit card holder or customer might receive fee-free checks as well as a card to access the account. Everyday savings or exclusive savings, express approvals, no annual fee, up to 5 percent rebates on all qualified purchases, and 0% introductory annual percentage rate (APR) on purchases during first half of the year of card membership are some of the great offers of most business credit cards.

Although majority of the business credit card issuers offer great value deals, it is very important to research first what does your business needs. Whether your business credit card is meant for investing in inventory or just for payroll, it is significant to look for a flexible business credit card that can handle almost anything. Whether you opt to go directly to the bank or apply for a business credit card online, a number of premier business credit card suppliers are there to help you find the right credit card product as easy and convenient as possible.

When To Use Embossing, Spot Uv And Foil Stamping On Business Cards

Business card enhancement features like spot UV, embossing, and foil stamping can truly help differentiate your business in the minds of your customers and clients. But which one is the best? Read on to find out.

Embossed Business Cards

Embossing is where certain elements of your business card are raised by virtue of them getting pushed through from the opposite side of the card. The effect is similar to a credit card, where the account number is raised on the front and recessed on the back.

Embossing works well for text or even a water seal type of logo effect, however it does have limitations.

For one, you do not want artwork in the embossed area; you want the embossed areas to be clear of artwork on both sides or else the artwork and embossing will become jumbled and will look awful.

Additionally, most printers are not able to precisely line up embossing with ink. The exact embossed areas could shift 1/16 1/8 during the production process. So for example, if your card has a black background, the embossed areas must be black as well. You would not be able to have, say, white text embossed because it is not feasible for the embossing to line up with the underlying white text perfectly every time.

If you want your business card enhancement feature to allow for color that is different from the cards background color, consider either spot UV or foil stamping.

Spot UV Business Cards

Spot UV is where specific areas of your card are treated with a glossy coating. This effect does not impact the underlying color, it only makes the treated areas slightly raised and shiny relative to the non-glossy business card stock.

Typically, spot UV does not have the same alignment problems as embossing. With todays technology, spot UV can be precisely lined up against any ink-based design element. So here, if you had a black background with white text, you could have the text treated with spot UV so that it is shiny, raised, and white.

Spot UV works only on non-glossy cardstock, as doing spot UV on glossy business cards will not create a visible effect (everything is already glossy). Silk business cards are the best option for spot UV, because they are non-glossy and extremely durable.

Foil Stamped Business Cards

Foil stamping is where specific parts of your card are coated with a layer of metallic foil. It is typically offered in gold, silver, green, red or blue.

The foil stamped areas are not limited to only the cards background color like embossing. However, although color can be utilized, you are limited to the foil colors offered by the printer.

Also, foil stamped business cards are usually subject to the same shifting that could occur with embossed business cards, so it is important not to have any artwork in the stamped areas.

Which One Should You Use?

Generally speaking, none of these enhancements are available on glossy business cards. All 3 are most effective on silk business cards, so if you plan on utilizing a silk cardstock, your options are wide open.

Of the 3 options discussed, embossing is typically the least preferred because of the aforementioned color and artwork limitations. Additionally, embossed business cards are usually the most expensive of the three.

Foil stamping is also relatively expensive, but at least this feature offers more color options. The downside is that the foil can sometimes flake, peel or appear blotchy. Additionally, foil stamped business cards tend to become worn at an accelerated rate as they get pulled in and out of a wallet.

Most often, spot UV business cards provide the best bang for your buck. This option is by far the least expensive of the three, offers the full gamut of color availability, and is not subject to the same flaws as foil and embossing.