It was somewhere around the early 2000s when business consultants latched on to the idea of promoting relationship cultivation as a way to get ahead. Some two decades later, relationships are still a hot topic among business experts. That seems strange given the fact that relationships have always defined business interactions.

Any time one person interacts with another, you have a relationship being developed. It is unavoidable. That is what relationships are, by definition. So why so much focus on relationship cultivation in the business environment? It is probably due to the changing nature of relationships. This is the real issue at hand.

• Business Relationships in the Past

Looking back over past decades of business history clearly shows that the relationships developed by previous generations were quite different compared to what we expect today. It’s not that they were less personal, but those involved focused more on getting things done than nurturing positive emotions.

You can clearly see the change just by comparing current and past management styles. Fifty years ago, business management in America was based on a top-down model. A business owner maintained ultimate control. They delegated authority to their management team who, in turn, ensured that front-line workers did their jobs. It is completely different today.

Modern owners and managers are expected to be collaborators. They are expected to collaborate with front-line workers as both peers and superiors simultaneously. Managers are expected to foster relationships with their workers that, to the untrained eye, may seem more personal than they should be.

• Business Relationships in 2021

Today’s business relationships are less likely than ever before to be rooted in top-down thinking. Today’s companies think horizontally rather than vertically. Business consultants stress nurturing relationships in ways that give as much attention to those relationships as actually getting the job done. A good example of this is found in a BenefitMall blog post published in mid-February 2021.

That post focused on building relationships as a benefits broker. It talked mainly about how brokers can be more effective at the sales game by being better relationship builders. BenefitMall offered a number of tips including being more positive, being less formal, and adopting a partnership mentality.

No matter where you look, the emphasis seems to be on avoiding absolutely anything that could be perceived as negative. In some circles, avoiding the negative is taken to such extremes that content creators are not even allowed to use verbs in the negative form.

• Relationship Foundations Have Changed

None of what constitutes a modern business relationship is inherently bad. It’s simply different. Business relationships have changed because their foundations have changed. That’s the real key, whether you are a broker selling benefits packages or a middle manager trying to motivate your team to be better.

Fifty years ago, the foundation of most business relationships was just that: business. People interacted in a business environment for the sole purpose of getting business done. It worked well for that time. Today, that sort of relationship won’t fly – because the foundation has changed.

People take things a lot more personally in 2021. Thus, the foundation is no longer strictly business. Rather, it is business conducted in a way that makes people feel good about themselves. In addition, today’s relationship foundation encompasses things like social justice and environmental responsibility.

Business consultants still speak of fostering business relationships as though it is something new and revolutionary. In reality, relationships have always defined business interactions. The only thing that has changed over the last 50 years is the foundation on which such relationships are built. Get the foundation right and your business relationships will follow.

Sudden Cardiac Arrest (SCA) doesn’t always pick the most obvious victim. Realistically anyone could fall victim to a cardiac arrest. It doesn’t matter how young and fit they may seem, SCA can strike anyone, anywhere, any time. Which is why Automated External Defibrillators (AEDs) are so important.

When someone goes into cardiac arrest, time is of the essence, and Greg Page, the original Yellow Wiggle, knows this firsthand. When Greg suffered Sudden Cardiac Arrest last year, he was one of the lucky ones who survived. Why? Because the people around him knew exactly what to do in order to save his life – that was to call 000, start CPR immediately and use an AED. Greg now knows just how crucial early action and the use of AED’s is, when it comes to someone experiencing sudden cardiac arrest. He wants everyone to have a fighting chance just like he did, and the best way for others to have that chance is to inform other businesses of the need for AEDs.

Automated External Defibrillators are a vital link in the Chain of Survival and the more of them that are out in the community and in workplaces, the more lives that will be saved, just like Greg’s was. Defibrillation allows the heart to be restarted if it can be, which means it will continue to beat on its own without the need for CPR to continue.

Greg was lucky that the people around him knew exactly what to do in that situation, but not everyone is that lucky. Which is why he wants to get the message out to other businesses, that it is crucial to have access to an AED. Studies have shown that the sooner defibrillation can occur after Sudden Cardiac Arrest, the higher chance that person has of surviving and surviving with less damage to their brain, heart, lungs and kidneys. This is important not just for the patient’s quality of life after cardiac arrest, but it also helps to reduce health costs to the community.

If your business doesn’t have rapid access to an AED, where are you going to get one from if sudden cardiac arrest occurs? Ambulance responses times on average are between 8-12 minutes, sometimes longer. So, if you are relying on the paramedics to deliver a possible lifesaving shock, it might be too late. It doesn’t have to be that way; you can empower your business and your staff with the tools they need to save a life.

For a lot of small businesses, the costs of purchasing an AED is a barrier to their access to this life-saving piece of equipment. That’s why a financing option may suit some SMEs, instead of an outright purchase. Just as you purchase insurance hoping you’ll never need to use it; the same thought process surrounds AEDs. You hope you never need to use it, but if you do, then you’ll be glad you had it on hand at the time – somebody’s life may depend on it, and it could easily be mine or yours, just like it was Greg’s.

If someone does go into cardiac arrest and you don’t have access to the final link in the chain of survival, an AED is that one link that might make all the difference. Every single business should seriously consider purchasing an AED so that you can be prepared for the unexpected and do all you possibly can to plan for sudden cardiac arrest.  An investment in an AED is an investment in the potential to save a life.

A shelf corporation allows your business to appear much trustworthy, the clients and suppliers are possibly to have higher confidence in businesses having long and successful operating history. With the ability to simply establish the business relationships with the banks, suppliers and banking institutions are usually at top of list while looking to buy the shelf company. The Shelf Companies already have been set up accurately and the simple modification of company officers is only required to transfer the ownership. Read below the list of advantages:

Acquire new suppliers and contracts

The Shelf company is already registered with the Companies House and hence they already have a history. People can access website of Companies House to see when the company was registered and hence see the permanency of company.

How does a shelf company assist the Suppliers and Contracts?

While starting the business venture it may be quite difficult to secure the contracts as you get classed with the new start up. There are industries and government authorities that insist the company to get registered for specific amount of time prior to allowing tenders. Thus, a company having a history would be enormously beneficial in such circumstances.

It may be a great challenge to acquire trust from the suppliers because of the company getting registered recently.  However, a shelf company having the history at the Companies House will also definitely promote a much professional image and hence they may appear to be much trust worthy.

It becomes easy for business banking

Banking is known to be essential and significant part of routine running of the company. Any company that need professional image must have the bank account of business.

How do a shelf company assist to have a Bank Account?

While approaching to the bank for a business account, business loan or for a credit card, it is always more encouraging to approve for an aged company as compared to a company which is recently registered.

Banks may also be persuaded to check that the investments are made with an aged company is always a safe option as compared with the newly registered company with Companies House.

Enhances the confidence of new client with the business history

The business requires clients and the clients that have confidence in business generally are a crucial part of overall success of company.

Shelf company boost Confidence of Client

Research usually shows that the clients such as companies that may show durability as they provide an impression of getting trustworthy and offer confidence the business will experience in their specific field. Here, the shelf company will also give an impression that a company was around longer and hence give the client with great confidence for doing the business.

Many companies promote the anniversaries of the business to show the significance of being around for long time, new companies unluckily do not give similar kind of impression and clients also are less possible to have trust and faith in these companies.

Shelf Companies helps to Save time

Yes, as compared to the company that is developed from scratch it is always a better option to have a shelf company which is also known as an aged corporation. While staring the business venture is definitely a great deal to think as we as time-consuming duties that you need to complete. Rather, it should be really easy and hassle free to set up a new company.

Now, the question that might strike your mind is how can an aged company or a shelf company assist to save your time? If a company is already pre-registered at the Companies House and hence changing or modifying the details of an officer is only requirement. Modifying the details of an officer may also be done electronically and this may take some hours, that is anyways quicker than average 24 hours for registering the new company.

With this, you will definitely have the confidence that a company has been already set up appropriately by the expert.

You may also start trading with a company in just some hours of purchase, thereby helping you to think less.

Can we change the name of an Aged or shelf company?

All the companies have an option to modify their name at any point of time if the name is not earlier registered with company House.  However, the request of name change of the shelf company could be electronically submitted and this might just take a few hours.

In the present financial market, investments and returns are more unpredictable than ever. Fueled by the unsettled market dynamics caused by the COVID19 pandemic, along with the disruption of the usual supply and demand chain, businesses, as well as individuals, are struggling more than ever to gather enough capital. This is where personal loans provide a huge boon for struggling individuals. Whether it’s a personal emergency or you simply need some extra cash at hand for your next venture, personal loans provide a large coverage area for you to explore your options with. So before you decide whether or not you need a personal loan, let us delve into the details of what exactly are personal loans, how they work, the cheapest personal loan rates, and much more.

What exactly are personal loans?

Personal loans are typically a type of loan that is provided for a short tenure, typically without any restrictions regarding the purpose of the loan and given out on an individual basis. One of the key factors that separate personal loans from other types of loans are that they are typically unsecured, meaning you don’t need to put up suitable collateral to be eligible for a personal loan. Due to these reasons, personals loans are a great way to finance personal ventures or to raise enough money to tide over any financial emergency that may occur on a day-to-day basis.

Things to remember while choosing the right personal loan

Before you select a specific personal loan for yourself, there are a lot of points to check out. This ensures you know exactly what you are getting into and reduces your chance of getting into an unnecessary financial backlog that you cannot get out of. Some of the important points to consider before picking out a personal loan have been discussed below.

How much can I borrow from a moneylender?

One of the first things that you need to check out while applying for a personal loan is exactly how much of a loan amount you are eligible for and how much does your chosen lender bank lets you borrow. Different banks have different criteria that applicants need to meet to be eligible for a personal loan of a certain amount. These criteria can include present income, financial history, credit scores, among many other factors. So, before you settle on a particular personal loan plan, make sure you have a clear idea about how much capital you require and whether or not you are eligible for that amount from your chosen lender bank.

Check out interest rates from different banks

In today’s market, all information is accessible through the internet. Before you select a particular personal loan plan, make sure you go through different banks’ websites and find out which bank provides the best interest rates in the market. The interest rates vary a lot on a day-to-day basis, so you should be updated about the current interest rates from different banks before you decide on which bank you want to take a personal loan from.

Be aware of the fine print

One of the common mistakes that are made while applying for a personal loan is that you skip over the fine print of the loan agreement, which gives rise to significant problems down the road. Before you finalise your loan agreement:

1. Make sure you go through the fine print in the loan agreement carefully.
2. Note down the terms of repayment and the allocated tenure of repayment.
3. Check whether there are any late repayment costs associated with the loan.
4. Check out whether or not the loan comes with any processing fees or tax deductibles.

These are all part of the fine financial print that comes with most personal loan agreements, and it is best to be completely aware of their presence and implications before finalising a loan agreement.

Fixed Or Variable Rate?

There are two types of interest rates when it comes to personal loans. One is the fixed interest rate, which means a single interest rate is valid throughout the entire repayment tenure. The other type is a variable interest rate, where you repay your loan amount based on the current market interest rate. Before you decide on a personal loan that works for you, make sure you check whether the loan comes with a fixed or variable interest rate. This helps you to better plan out the finances during the loan tenure so that you are always well prepared to repay the loan on time.

Be aware of your Credit score

Your credit score is a financial benchmark for you. It incorporates multiple factors such as your current outstanding loans, your current income, and your financial history, among other factors. Your credit score determines which loans you are eligible for and how high an interest rates you are paying while repaying the loan. While applying for a personal loan, make sure you have a good enough credit score to be eligible for the particular loan you are looking to apply.

Look for flexibility of repayment

Repayment flexibility is a very important factor to be considered while choosing a personal plan. The flexibility of repayment means how much processing fees you have to pay the bank in the event you decide to repay the entire loan amount before the term for the loan ends. Banks in Singapore usually charge anywhere between 5 to 7 percent of your total loan amount. So make sure you find a bank that has suitably low early repayment costs if you have plans to repay the loan early.

Personal loans are a great way to obtain quick finances for emergencies or even just for personal requirements. They do not require any security collateral, and they come with short repayment tenures that don’t burden you for too long. With the help of the above checklist, you can be assured of finding the best personal loan plan for yourself.