Love Your Money – Love Your Bank Account – Love Your Finances

Sounds crazy to you doesn’t it? Do you find yourself wondering if the guy that wrote that title is a little off in the head? Love your money, love your bank account, love your finances? Who ever heard anything so crazy?Check this out. Are most of the people in the world loving their money these days? Of course, they are not. They are anything but loving their money, right? Is it possible that’s why they don’t have money?Somebody along the line told you to get down when things don’t go right. You know who that somebody is? It’s your friend your mind, that’s who. Your mind tells you get down when things don’t go just exactly as you want them to. And, as things get worse, get more down.Think it through. How do you get up by getting down? How do you get more money? How do you improve your finances? How do you improve your bank account?Here’s your answer. You do it by getting up. To get up, go up.Check this out for yourself. Love is the same energy as positive, success, and abundance. Check it out. How does it feel? Feels right doesn’t it? It feels up, doesn’t it? Of course, it does.Love is goodness. Love is happiness. Love is abundance.The law of the universe is, positive attracts positive.Therefore love your money. Love your bank account. Love your finances.Love them whether you have a little or a lot. Love them in spite of your mind telling you it’s crazy. Love is positive energy. Positive is in the direction of up, right? Love and go up.Love your money, love your finances, love your bank account and they will go up. They will go up because you are up. When you go up, everything goes up. When you’re up, things are looking up.Your mind will try to talk you out of it. Your mind will tell you it’s all just a play on words. You have to decide. Are you going to listen to that mind of yours? How has it worked so far?I’ll tell you how it’s worked. It’s gotten you down. As you have gotten down your money, your bank account, your finances have gotten down, haven’t they?Give love a chance. Give love a chance and see what happens. It’s worth a try isn’t it? It really does make sense, doesn’t it?Whatever your bank balance, whatever your pocketbook, whatever your cash flow, love them and love them some more.The way up is up. Love your money and watch what happens.

Simple Steps to Becoming a Great Pharmacy Technician

You see the news reports every day. You see the numerous infomercials on the exciting and rewarding career as a pharmacy technician. This career choice is in high demand. Yes you may go to your local drug store, fill out an application, and become a pharmacy tech in no time. Wrong!!! That is the easy way and it’s the less rewarding way to become a pharmacy technician. If you want to go from a pharmacy technician with no credibility to a great pharmacy tech where employers are knocking down your door, you need to follow these steps to achieve the much needed success you desire and deserve.We live in an era where litigation cases have doubled. If you want to protect yourself from these money hungry henchmen, you must educate yourself and stay current on every aspect of your career field. Becoming a pharmacy tech has many benefits, but it also comes with a boat load of responsibility. Over the years, I have seen many organizations formed to protect the consumers and patients from the careless behavior of many health care workers. In order to protect you and get the much needed credibility that you deserve, many states are requiring that an exam is passed to work behind the counter of a pharmacy. So starting off, step number one in becoming a great pharmacy technician is passing the National Pharmacy Technician Certification Exam.Passing the pharmacy technician certification exam places you in an elite group of individuals. You may now practice in states that previously wouldn’t even allow you to apply. This exam goes in depth about many areas of pharmacy. Passing the exam lets employers know that you are competent. There are many areas of pharmacy that you may venture into, but the actual exam covers topics from every area possible. Whether you are going to practice in a retail setting or go for the higher wage and practice in an institutional setting, the exam will cover topics in both areas. If you want to go from good to great, try getting some hands on experience.Passing the certification exam is a start, but I would go a step further and get some type of formal training. Passing an exam gives you the mental knowledge, but getting hands on training puts you in the line of fire. You get to “get your hands dirty” so to speak. I attended a junior college and completed my pharmacy technician training. I received a technical diploma for all my hard work and dedication. Not only did I receive my technical diploma, I got the best hands on training in the form of an externship. There are many training facilities that are forming. When making your decision, only consider schools that are accredited and recognized by the different pharmacy organizations. So you have your certification out the way, you took your formal training at an accredited school for pharmacy, now for the final piece of the puzzle.The final piece of the puzzle is staying up to date on your CE requirements. CE requirements or also known as continuing education credits are credits that Certified Pharmacy Technicians must complete in a timely manner in order to stay in good standing or remain Certified. These CE credits can take the form of online quizzes given by accredited organizations, or it can even be lectures and seminars that are given all across the country. Although these requirements can be completed in a short amount of time, they are normally packed with enormous amounts of information that will be beneficial to the pharmacy tech.So there you have it. Some basic steps to take that can have a huge impact on your career as a pharmacy technician. Don’t be your average pharmacy technician. Go above and beyond on what the everyday pharmacy technician does to get a paycheck. Stand out from the crowd and be different. Take the simple steps to advance your career. Doing this will allow you to reap huge rewards in the near future.

Alternative Financing Vs. Venture Capital: Which Option Is Best for Boosting Working Capital?

There are several potential financing options available to cash-strapped businesses that need a healthy dose of working capital. A bank loan or line of credit is often the first option that owners think of – and for businesses that qualify, this may be the best option.

In today’s uncertain business, economic and regulatory environment, qualifying for a bank loan can be difficult – especially for start-up companies and those that have experienced any type of financial difficulty. Sometimes, owners of businesses that don’t qualify for a bank loan decide that seeking venture capital or bringing on equity investors are other viable options.

But are they really? While there are some potential benefits to bringing venture capital and so-called “angel” investors into your business, there are drawbacks as well. Unfortunately, owners sometimes don’t think about these drawbacks until the ink has dried on a contract with a venture capitalist or angel investor – and it’s too late to back out of the deal.

Different Types of Financing

One problem with bringing in equity investors to help provide a working capital boost is that working capital and equity are really two different types of financing.

Working capital – or the money that is used to pay business expenses incurred during the time lag until cash from sales (or accounts receivable) is collected – is short-term in nature, so it should be financed via a short-term financing tool. Equity, however, should generally be used to finance rapid growth, business expansion, acquisitions or the purchase of long-term assets, which are defined as assets that are repaid over more than one 12-month business cycle.

But the biggest drawback to bringing equity investors into your business is a potential loss of control. When you sell equity (or shares) in your business to venture capitalists or angels, you are giving up a percentage of ownership in your business, and you may be doing so at an inopportune time. With this dilution of ownership most often comes a loss of control over some or all of the most important business decisions that must be made.

Sometimes, owners are enticed to sell equity by the fact that there is little (if any) out-of-pocket expense. Unlike debt financing, you don’t usually pay interest with equity financing. The equity investor gains its return via the ownership stake gained in your business. But the long-term “cost” of selling equity is always much higher than the short-term cost of debt, in terms of both actual cash cost as well as soft costs like the loss of control and stewardship of your company and the potential future value of the ownership shares that are sold.

Alternative Financing Solutions

But what if your business needs working capital and you don’t qualify for a bank loan or line of credit? Alternative financing solutions are often appropriate for injecting working capital into businesses in this situation. Three of the most common types of alternative financing used by such businesses are:

1. Full-Service Factoring – Businesses sell outstanding accounts receivable on an ongoing basis to a commercial finance (or factoring) company at a discount. The factoring company then manages the receivable until it is paid. Factoring is a well-established and accepted method of temporary alternative finance that is especially well-suited for rapidly growing companies and those with customer concentrations.

2. Accounts Receivable (A/R) Financing – A/R financing is an ideal solution for companies that are not yet bankable but have a stable financial condition and a more diverse customer base. Here, the business provides details on all accounts receivable and pledges those assets as collateral. The proceeds of those receivables are sent to a lockbox while the finance company calculates a borrowing base to determine the amount the company can borrow. When the borrower needs money, it makes an advance request and the finance company advances money using a percentage of the accounts receivable.

3. Asset-Based Lending (ABL) – This is a credit facility secured by all of a company’s assets, which may include A/R, equipment and inventory. Unlike with factoring, the business continues to manage and collect its own receivables and submits collateral reports on an ongoing basis to the finance company, which will review and periodically audit the reports.

In addition to providing working capital and enabling owners to maintain business control, alternative financing may provide other benefits as well:

It’s easy to determine the exact cost of financing and obtain an increase.
Professional collateral management can be included depending on the facility type and the lender.
Real-time, online interactive reporting is often available.
It may provide the business with access to more capital.
It’s flexible – financing ebbs and flows with the business’ needs.
It’s important to note that there are some circumstances in which equity is a viable and attractive financing solution. This is especially true in cases of business expansion and acquisition and new product launches – these are capital needs that are not generally well suited to debt financing. However, equity is not usually the appropriate financing solution to solve a working capital problem or help plug a cash-flow gap.

A Precious Commodity

Remember that business equity is a precious commodity that should only be considered under the right circumstances and at the right time. When equity financing is sought, ideally this should be done at a time when the company has good growth prospects and a significant cash need for this growth. Ideally, majority ownership (and thus, absolute control) should remain with the company founder(s).

Alternative financing solutions like factoring, A/R financing and ABL can provide the working capital boost many cash-strapped businesses that don’t qualify for bank financing need – without diluting ownership and possibly giving up business control at an inopportune time for the owner. If and when these companies become bankable later, it’s often an easy transition to a traditional bank line of credit. Your banker may be able to refer you to a commercial finance company that can offer the right type of alternative financing solution for your particular situation.

Taking the time to understand all the different financing options available to your business, and the pros and cons of each, is the best way to make sure you choose the best option for your business. The use of alternative financing can help your company grow without diluting your ownership. After all, it’s your business – shouldn’t you keep as much of it as possible?