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Buying A Car Dealership Securely

When people want to make an investment in a car dealership, they need to look in a place like http://performancebrokerageservices.com/buy-a-car-dealership/ to get help making the deal work. These brokers are professionals who understand how to manage these deals to make sure that they go over well for both parties. If there is a large investment on the line, these brokers are the right people to manage that amount of money.

The Contract Price
The two sides need to negotiate the price for the investment, and the broker is the person who can mediate these deals. The broker knows the all the particulars for these deals, and they can use their expertise to guide the negotiation in the right direction. These sales are going to be very expensive, and the broker can help to make sure that both sides feel like they are making the right decision when they are signing the deal.

The Cash
The cash that is exchanged in the deal is something that must be handled by a third party. The broker can handle all the cash so that it is delivered to the right people in the right time. The broker makes sure that the deal is handled fairly, and they also make sure that both sides of the deal walk away from the table happy about what they have received in the deal.

The Signing
The deal is signed in the presence of the broker to make sure that there is someone there to witness it. The broker is the person who registers the contract in the city or county, and they also make sure that all the lawyers involved get all the information they need about the final deal.

When the broker is brought in to handle the deal, they are going to help the two sides that are negotiating. These two sides need these professionals to make sure that all their deals go off without a hitch. The broker is the impartial third party that makes everyone’s life easy when large amounts of money are changing hands at the table.

5 Car Insurance Myths That Every Driver Should Know

Most drivers think their auto insurance will cover them in an accident if they are current on their monthly premium. This is true in many cases, unless an uninsured driver hits their car – or a friend borrows the car and wrecks it. Auto insurance may not protect them from theft, either.

Without proper insurance coverage, these incidents could cost drivers a small fortune. According to estimates by the Insurance Research Council, more than 16 percent of drivers are uninsured, and state legal requirements are generally not enough to cover the entire cost of an accident. Here are five car insurance myths that every driver should know.

Myth 1: The State Requirement is All a Driver Needs
While the state requirement is all a driver legally needs, it will not cover the expenses for a serious accident. Getting by with the minimum requirement can be costly, especially for an accident that involves litigation.

Myth 2: The Driver is Responsible for an Accident
In most cases, the insurance follows the car no matter who is driving. If a driver has an accident in a borrowed car, the car’s owner must pay for the damages. If the insurance is not enough to cover the expenses, the responsibility goes to the driver involved in the accident.

Myth 3: All Insurance Policies Cover Uninsured Motorists
A basic insurance policy does not protect against uninsured motorists (UM); this coverage is an option. Moreover, drivers who have UM protection are only covered for physical injuries. Only collision insurance covers property damage caused by uninsured motorists.

Myth 4: All Insurance Policies Cover Natural Disasters and Theft
Unless a driver has comprehensive coverage, auto insurance will not pay for damages or loss due to natural disasters or theft. Most drivers do not have this optional policy, unless their car is financed by a creditor that requires it.

Myth 5: A Rental Car Requires Additional Coverage
Basic insurance policies already cover rental cars, so it is not necessary to buy additional insurance. For example, full coverage insurance on a personal car also applies to a rental if both are intended for personal use. Drivers who only carry liability insurance, however, are wise to buy additional coverage for rental cars.

Protection from loss is a crucial part of smart investing, including car insurance investments. Small monthly premiums protect assets (cars) as well as health in case of an accident. A Wilmington auto insurance representative can work with drivers to fully explain their plans and prevent overlapping coverage.

Financial literacy impacts decision making

Research by the US Federal Trade Commission shows that financial education affects financial decision-making. Failure to plan for retirement, lack of participation in the stock market, and poor borrowing behavior can all be linked to ignorance of basic financial concepts.

Some of these findings, from the 2008 paper Financial Literacy: An Essential Tool for Informed Consumer Choice? by Annamaria Lusardi, may seem quite obvious at first glance. For example, the author points out that those who demonstrate even a basic understanding of relevant financial topics are much more likely to have planned for retirement. These are not sophisticated topics, but basic things such as knowledge of interest compounding and the ability to perform simple mathematical calculations . Skills like these were shown to be among the strongest predictors of successful retirement planning.

To appeal to the average person, who may not have had a lot of prior exposure to financial topics or investment experience, the study suggest a social or even a psychological approach to financial education, for example exploiting “teachable moments” like the beginning of a new job, in order to get a person to think about taking action when their minds are open to new ideas about how financial decisions may affect their lives.

While the points raised by this study are reasonable, the challenge faced by society, even wealthy countries, is vast. Since the late 1980s when there were significant changes in laws regarding retirement planning, companies were much more free to move from traditional defined benefit plans like pensions to defined contribution plans like 401K plans that shift the responsibility of planning from the corporation to the individual.

While individuals and organizations with high levels of financial sophistication, such as firms specializing in industry specific areas such as chemicals m&a experts can easily manage rather exotic financial decisions, the average person has a much more difficult situation. Financial instruments have become increasingly complex and individuals are constantly being bombarded by the investment industry with new and financial products. However, most individuals are not well equipped to make financial decisions.

The study showed that most individuals cannot perform simple calculations and lack knowledge of basic financial concepts. Knowledge of more complex concepts, such as the difference between bonds and stocks, how mutual funds, and how to estimate the value of an asset is even rarer. Financial illiteracy is widespread among the general population, and particularly evident in some demographic groups that happen to also be overrepresented among the poor and struggling working class, such as women, African-Americans, Hispanics, and those with low levels of formal education.

Making a smartphone app isn’t as easy is it seems

In the last few months, the level of excitement in the software side of the high tech industry has reached a fever pitch at the IPO end with companies like Facebook and Groupon, and enterprise software companies like ERP software, but it has also gotten a bit crazy when it comes to much smaller scale software projects such as smartphone apps.

Whether an entrepreneur trying to make a decision about creating an app for the Android market, the iPhone market, or a web-only app, many of the problems are similar, among them are the following:

  1. It is tempting to fire first and aim later: While it may be a bit daunting to make a sophisticated app, anyone who is familiar with the basic programming to make a web site work can take on the technical challenge of writing the code for an app. The problem is that just because a programmer can create an app doesn’t mean that they know about all the things that go into creating something that people will find useful.
  2. It isn’t just a smaller screen, it is a whole new world: A smartphone screen isn’t a smaller version of desktop or laptop screen, and it is not an iPad. The average person uses a smartphone in ways that are very different from how other devices are used. The behavior of someone who graduated to a smartphone from older online access technologies. Anyone who doesn’t take the tine to really thing through what they are doing may end up with a product that works well but doesn’t work for the user because it wasn’t built to around how the user want to use it.
  3. If you don’t make a move you may get left behind: Smartphone use has taken off like a rocket, and shows no sign of slowing down. While it may encourage an entrepreneur to do something now, it may be much better in the long term to understand the overall process of creating something useful for the consumer instead of just getting something to market.