Beating The Rica

Archive for January, 2012

Micro businesses with no employees, or between one and nine employees, accounted for 94.6% of all UK businesses in 2001, 29% of employment and 21.2% of turnover.
Approximately 3.1 million people were self-employed in 2002, according to Social Trends 33, 2003. An additional 1.35 million people have some income, or losses, from self-employment. Self-employed men outnumber women by nearly three to one. The proportion of self-employed in the working population has fallen since 1987.

Around 20% of the UK’s self-employed work in the construction industry. Between 13% and 14% are involved in diverse business activities, around 7% work in recreation, culture and sport, and a further 7% in health and social work.

Nearly three-quarters of the self-employed had a self-employment income of less than

When you go into a bank to set up an account for your business, you always run into the problem of which account would be best to set up. There are so many to choose from and this article will give you some information into what you could do when you are looking to open an account for your business banking.

The first thing you need to think about is what bank you are going to be dealing with. Choosing a bank that is familiar to you and you feel comfortable with is the best way to go, but if you want to widen your search you can compare the different accounts types and fees within different banks to ensure you are getting the cheapest fees on your business banking account. Comparing is a good way to get more for your money.

When you have chosen your bank you will then need to ask for a list of their accounts types and details that are available for a business. When you have the list you can then browse through them and check in detail what each account has to offer. If you do not understand anything be sure to ask for assistance.

When comparing account types you need to make sure you read everything. There are usually terms and conditions that should be read so you understand fully what your account requirements are. Another thing to look at is seeing how much in fees you will be paying out every month. Fees can be high on some accounts, so compare the fee rates on the different business account types to make sure you are getting cheapest possible. If you have any questions remember to ask before you set up any account, this way you will not run into any problems in the future.

So if you are looking to open up a business account for your weekly business banking, be sure to always compare the account types that are available so you can get more for your business.

Unsecured loans are debts which do not have collateral in case of bankruptcy. These unsecured loans are not backed up by the assets of the debtor. In other words, the creditor cannot claim cash or properties or other investments remaining with the debtor when he gets bankrupt. Usually, unsecured loans are personal loans or signature loans. These loans are often made by a borrower for an immediate purpose which just needs a small amount of cash. The reason for the small amount cash involved in these loans is that creditors are not willing to take risky ventures without collateral. And of course, these loans are usually offered by creditors with higher interest rates than that of the secured loans.

Personal loans or signature loans are loans where the only collateral of an individual is his name, signature, and his promise to pay. Oftentimes, these loans are also referred to as ‘character’ or ‘good faith’ loans. But of course, as mentioned in the preceding paragraph, these types of unsecured loans are offered with high interest rates which can even go above a credit card’s interest rate. For this reason, you must carefully and cautiously consider when to take these personal or signature loans. You must only make a personal or signature loan for immediate needs. Other than this purpose, it is advised that you look for another type of loan which can impose you a lower interest rate.

If you still opt for these unsecured loans, there are several finance companies and banks which offer a personal or signature loan. You can even search for these finance companies and banks in the internet. You may even be surprised that there are really several of them. Normally, when you are applying for an unsecured loan, finance companies and banks are only going to inspect your credit history. If you pass their certain requirements, then they are going to let you sign documents so they can issue the loan. Sometimes, a co-signer is also required by a finance company or bank. This is particularly required when a creditor is doubtful on your capability to pay for the loan. They need someone to back you up in case you really cannot pay for it.

Taking out bike insurance and getting the best deals for insurance is basically the same when applying for car insurance. There are many factors that the insurance company will take into account when setting the rate for the insurance. However by going with an online specialist you can search with the whole of the insurance market place to make sure you get cheap quotes to compare.

While the majority of the criteria for finding cheap insurance is the same there is some that is specific to the bike rider. If you are under the age of 30 then the cost of insurance will rise drastically when compared with an older rider. This means that for the majority of time in order to keep the insurance costs low third party fire and theft should be considered as opposed to taking out fully comprehensive.

When it comes to estimating the mileage that you will travel then if you use your bike as a second form of transport do not over estimate the mileage, the majority of individuals would estimate mileage on that of their car. However if you are only using your bike during the summer months or as a second form then the actual mileage done will be considerably less than that of your car.

The number one factor that can boost up the cost of insurance is the security of the bike. If you keep your bike in a garage as opposed to keeping it on the side of the road then cost of bike insurance will be considerably lower as the bike will be under lock and key. The same goes when it comes to adding security measures when travelling. For instance having wheel locks so that you can lock the bike while out, can reduce the cost of the insurance quote.

How you pay for your bike insurance will also reflect on the cost. If you choose to pay for your insurance on a monthly basis by direct debit then you could pay more than if you pay it in one lump sum. By choosing to pay for it by direct debit you will more than likely be adding interest onto the cost of the insurance for the privilege.

While bike insurance is not as competitive as car insurance, the quotes for the insurance and what you get with the cover will vary between providers. This is why if you go with a specialist website they will tailor their search with those insurance companies who specifically offer deals on insurance for those riding two wheels and not four. This is the cheapest way to secure the best deal and the quotes will come with the key facts of the policy attached. Reading this information is vital as this is where you are able to find out what is and is not covered in the policy for the money you are paying. Not only do the premiums vary but also what is on offer and you might find a better deal for just a little extra, so never just go on the cheapest cost at first glance.