Exceedingly Serious Lessons Regarding False Prophets and Bad Bullying Greedy Leaders

It is a strong warning and cautionary word to all leaders and to everyone in any position of responsibility. The warning concerns those who are false and fraudulent when it comes to leadership and direction and exercising authority.

While reading and studying peter’s second letter in the New Testament, this clear note is sounded in Chapter 2, and the warning word in these opening verses is that we ought to beware of false prophets and greedy teachers.

Do not allow them to have any influence over you, because if you do that it will be an evil influence and a bad influence. Avoid that at all costs. If only this could be applied to the business world and the areas of banking and finance and commerce.

Now, onto verse 4, where we read of what will happen to those who have led others astray, and to those who have misled and deceived and duped others.

How will God deal with such people, referring to those who have misled others, and to those who have brought in things that divide and cause trouble and upheaval no matter where they go?

The heretic is the person who chooses on his own to depart from the truth. That can be applied to various areas of life, and is certainly not limited to the spiritual or theological department.

The same will happen to them as happened to the angels that fell, and as happened to the society of Noah’s day, and to those around in the days of Sodom and Gomorrah.

People who teach wrong things will end up as those folks did. This can applied to every level of leadership no matter where it is and many have discovered this to be true when it might be far too late and serious damage is done.

There is no trace of Noah’s society. It was not a local flood but universal.

Sodom and Gomorrah were wiped out, and I have driven past that geographical area by the Dead Sea on a few occasions and today it is only a graveyard.

But God can also preserve.

Noah survived. He was a righteous man who preached rightly and who preached righteousness. Now, there is a word that has almost disappeared from usage.

And, out of Sodom there came a man called Lot, but his wife did not want to leave. She hung back, and she was engulfed in a fall of salt. Noah and Lot both said in their own way, “This is truth”.

God did not spare the old world with all its sin and drinking and immorality.

He saved Noah. The world of the ungodly faced and faces a tragic and disastrous outcome.

Sodom and Gomorrah were overthrown to make them an example to those who live ungodly lives.

What a warning! False prophets and false teachers and ungodly people and bad bullying immoral leaders will not escape the judgement of God.

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Financial Jargon – Basic Finance Terminology Explained

The financial business is adding new terms and neologisms every month due to the increasingly complexity of personal finance and commerce or business relationships. However, for someone that is not familiar with all this jargon it turns very difficult to understand even the basic explanatory brochures or articles explaining common products. To clear some basic concepts, following is a list of common terms used frequently on financial flyers and other pieces of writing.

Collateral, Guarantee, Security

There are two types of loans out there: Secured and unsecured. Unsecured loans are awarded to people without other assurance of repayment than their word (signature) or personal credit. This means that if the borrower fails to repay the loan, the lender has no other means of claiming his money than taking the debtor to court on a long and tedious legal process.

Secured loans on the other side provide the lender with an additional protection. An asset is pledged as guarantee of repayment and in the event of default (lack of repayment), the lender can either repossess the asset or obtain the money owed by forcing its sell on a public auction. The asset pledged as an assurance of repayment is indistinctively referred to as: Collateral, Security or Guarantee.

Provisional Financing, Refinancing, Restructuring, Roll Over Agreement

These terms are often used with different meanings but with the intent of clarifying financial jargon, we suggest the following uses for the terms: Provisional financing refers to a short term loan or line of credit that is used for buying the borrower some time till a more convenient and definite loan can be obtained; Refinancing implies the cancellation of a previous loan with the money obtained from a new one that has different terms (usually lower monthly payments either because of a lower rate or a longer repayment program); Restructuring often implies a series of refinancing agreements that imply more than one debt and more drastically term changes than a simple extension of the repayment program; Finally, a roll over agreement implies the postponement of the loan repayment by obtaining approval for an identical loan with the same lender.

Delinquency, Default, Bad Credit

These terms are often used on articles and flyers about personal financing and non-traditional financing. People that have to face financial difficulties often damage their credit by paying late debts that are due, or missing a payment or missing several consecutive payments. All of these are recorded on the debtors’ credit report and hurt their credit stance lowering their score.

The above situations are referred to as delinquencies: paying late or missing payments. Failing to repay the loan (missing several consecutive payments) is known as default and usually leads to the debt being sold to collection agencies that will try to claim the money by different means. Finally, the consequences of default and delinquencies on your credit along with other problems like excessive debt have a negative impact on people’s credit which is known as bad credit, poor credit or low credit score.

Principal, Interest, Term

The Principal is the amount of money that is lent by the lender to the borrower and has to be repaid. The Interest is the price of the transaction: This price can be expressed as an overall amount but unless the loan is a short term loan, it is usually expressed as a rate or percentage. The term is the period of time for the loan repayment; it can refer to the overall repayment period including the repayment deadline but it can also refer to the repayment frequency whether you have to make monthly, biweekly or weekly payment.

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Finance Accounting Outsourcing – A Boon For Trade and Commerce

Upholding financial statistics in an appropriate and precise manner is enormously necessary for the progress of economy and the company’s reputation. This basic prerequisite has been believed to be a tedious affair as it requires a lot of hard work and time. Therefore, companies are now engaging finance accounting firms to sort out the financial problems.

With the assistance of an outsourcing firm a business house can gain an edge above others. Outsourcing offers various benefits and renders the customers with lucrative and expert means to handle the finances. Finance accounting outsourcing has always proved to be a good decision. With this the energies of the companies can be directed to other important sectors comprising in marketing, and promotion among the various others. Outsourcing is a means of achieving a manpower which is immensely productive at a diminished price which makes it a reasonably profitable. It also enables in saving ample office area as the facilities required for performing these tasks is not essentially to be housed inside the office. Outsourcing ensures enhancement of the business and also saves time and money. These reasons are impressive enough for the owners of the companies to hire outsourcing firms as the only aim of any business is to make profits.

Finance accounting outsourcing keeps in consideration that there should not be any discrepancies that can impede the business relationships, vital monetary decisions and the concluding statements of the company. A single mistake in calculation or an inaccurate transaction entry can be evaded easily by taking the essential assistance from an outsourcing firm. These firms are fully equipped with numerous skilled and competent accountants, who know about the minutest detail pertaining to this field. They are well versed with the fact that keeping up accounts is a vital task for each and every business. Besides this the owners of the companies can take suggestion on matters related to effectiveness of cost, management of the capital and other related issues from these professionals whenever they face troubles. This process of attaining the facilities of outsourcing is carried out with the backing of online services. This also renders an opportunity to the client to communicate easily with the experts.

Companies who have taken the help of finance accounting outsourcing have made an exceedingly wise decision as this will also assist in enhancing the overall competence of the company. Massive workload can hinder the development of your production so it becomes imperative to correlate yourself with a consistent service provider who can handle the monetary tasks with great efficiency. For laying your hands on this golden opportunity all you are required to do is browse through the Internet and garner all the indispensable information about the firms offering these services. Apart from this you can also check with your social group who are already cashing in profit with the support of outsourcing firms. An owner of the company will no longer have to worry about disorganized finance department as the finance accounting outsourcing experts have the skills and experience to handle it in an intelligent manner.

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Online Market Places – Charting the Future of Trade and Commerce

The World Wide Web has revolutionized the concepts of trade and finance and has literally redefined the way people purchase and sell goods.

One of the landmark evolutions of the recent time has been that of Online Marketplaces. Online marketplaces, or e-markets as they are popularly called aim to create efficient platforms to bring together buyers and sellers at a massive scale.

Internet takes a business to a global scale and presents it before and international audience. Experts predict that more than 85% of the computer literate population of the world use the Internet to purchase goods. Hence, it offers tremendous business opportunities for buyers and sellers both.

Online market places are excellent venues to find potential service providers and sales leads and further profitable business endeavors. Let us examine some special features and highlights that makes online marketplaces so appealing to the business population.

Buying at the Best Prices
Who doesn’t like a good bargain? And especially when you can pick the best out of the lot. Online marketplaces give service providers and businesses an opportunity to strike a great deal with one another. This is because online marketplaces have a huge database of service providers which one can browse through and select the one that offers the most cost effective rates for the particular services.

Online marketplaces are highly popular in these times of recession and credit crunch. This is because people are trying to reduce costs and seek the cheapest rates possible for quality services. Thus they are embracing the services of the Internet.

Global Pool of Service Providers
Internet is able to extract value from otherwise unreachable areas. Web based marketplaces act as a global platform where buyers and sellers from across the world can come together and further profitable business endeavors. This helps in creating a online free market environment where businesses and service providers can interact profitably with one another. Because of the visibility of the deal, both the parties of the deal have power. Buyers who fail to make payments or service providers who fail to deliver can get negative rankings on the website and can even be removed from the site altogether.

Variety of Choices
Everyone like to be in control of things. Online marketplaces offer buyers the luxury of browsing through a variety of potential solutions for their requirements. Buyers can check out several options before making a choice. This gives them a sense of power and control and they are more convinced about the decision they make. Also, this make them spend money more readily.

Security Policies
Because there is huge amounts of cash involved in online marketplaces, these portals have strict security guidelines and privacy policies. All the information that is exchanged and all the credit details are secured and processed safely. This minimizes the risk of fraudulent transactions and deals and ensures safe processing.

Extensive Array of Products and Services
Online marketplaces generally cater to a broad range of industries. There are certain portals that specifically cater to certain segments but others generally include a variety of products and services. All one needs to do is post the requirements and place a Request for Bids and there will be vendors who offer the same and would submit Bids.

Online marketplaces create value addition for a business as it facilitates information sharing about products/services and their pricing. It matches buyers with corresponding sellers and improves the speed and accuracy of transactions.

Disclaimer: Sabra Easterday is the owner and founder of MatchB2B. Sabra is also a lawyer with a special interest in business issues and e-marketplaces. Notwithstanding that Sabra Easterday is a lawyer, nothing in this article and no services of MatchB2B or its website are legal services and no attorney-client relationship exists between any reader of this article or user, customer or potential customer of MatchB2B, and MatchB2B, its website or Sabra Easterday.

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