Repossessing a Privately Purchased Vehicle

It is always a gamble when you agree to finance a vehicle for someone else’s purchase, which is called seller financing. When you finance through a dealership, they have more recourse and more resources when it comes to customers who do not pay their car notes, but when you are a private seller and you have to repossess, it can become more complicated. Below are some tips for repossessing a privately purchased vehicle.

Repossessing a Privately Purchased Vehicle: Check Your Paperwork

Hopefully, you and the buyer of your vehicle signed a contract or agreement stating the terms of the vehicle financing. If not, you could find yourself in hot water. Look over your contract or agreement and make sure that you are legally entitled to repossess the vehicle. If not, you could go to jail for auto theft.

Repossessing a Privately Purchased Vehicle: Send Notice

Most states require that you notify the buyer before you make any attempt to repossess the vehicle. This gives them the opportunity to either make a payment or to turn over the car. Some states require that notice be given at least twice before you make your first repossession attempt, so be sure to check with your state’s laws regarding repossessing a privately purchased vehicle.

Repossessing a Privately Purchased Vehicle: Decide Who Does It

You have two choices when it comes to the repossession of a privately purchased vehicle: (1) Repossession it yourself; and (2) Hiring a repo company to do it for you. Most people choose the second option because repossession can be difficult and, if you aren’t trained in skip tracing, it can be next to impossible. Not only that, but you might unwittingly break a few laws.

Repossessing a Privately Purchased Vehicle: Understand How it Works

Repossessing a vehicle means finding the vehicle where it is parked and retaking possession of it. This happens when a buyer defaults on the loan for the vehicle or otherwise violates his or her contract. When skip tracing and repossession firms repossess vehicles, they use several tools to find the car, and then employ various tactics in taking it back. It can be very dangerous work when buyers get angry, and might take an inordinate amount of finesse. And unless you have a set of keys to the vehicle, you will need a way to tow the vehicle away.

You cannot break any laws during the repossession of a privately purchased vehicle. This means that if the car is garaged at a private residence, you cannot break into the garage to take it away. This is called “breaching the peace” and could earn you a criminal charge. The best way to repossess a privately purchased vehicle is to hire a company to do it for you.

 

Virtual Assisting Benefits Small Businesses: Why Outsourcing Makes Sense

Hiring a virtual assistant seems like an extravagance to many small business owners, yet outsourcing promotes small business growth. Here’s why hiring a virtual assistant makes sense.

Virtual Assistants Help a Small Business During Peak Periods

Many small businesses have seasonal or cyclical upticks in volume. The small business owner who tries to manage the increased demand during these times without outsourcing any work can be overwhelmed and unable to keep up. Client orders could be missed, the business owner may become ill due to stress, and important shipment details might get overlooked. An assistant can be hired to help handle customer orders or assist with the small business accounting during peak periods, allowing the small business owner to focus on the increased demand for products and services.

Outsourcing Allows the Small Business Owner to Focus on Bringing in Revenue

Tasks like managing the small business payroll or installing small business software must get done for a business to operate, but these types of activities can eat up a large percentage of a business owner’s time. If these duties are outsourced to a virtual assistant, the small business owner is free to devote attention to things like product development and creation, which can have a direct impact on the growth and profitability of a small business.

Virtual Assistants Help Small Businesses with Special Projects

Whether it’s a global launch for a how-to-make-money-online membership site or a social media promotion for a new blog, virtual assistants keep things running smoothly during special events. The assistant may be hired to manage behind-the-scenes tasks related to the special event or might handle duties normally performed by the owner, such as keeping the small business accounting system up to date. Either way, outsourcing work allows the business owner to realize the greatest growth potential from a special event or project.

Small Business Owners Control the Virtual Assistant Service

There are virtual assistants specializing in most anything a small business owner could ask for. Many assistants bill by the hour and some will bill by the minute, so the small business owner can contract for the specific needs of the business. John Bourscheid, owner of Iceland travel blog Iceland in 8 Days, has a small army of assistants helping with routine tasks and odd jobs with the travel site and more, allowing him to focus on creating content and site development.

Hiring a virtual assistant allows the small business owner to focus on activities that will grow the business. Whether helping out during peak periods or performing tasks such as small business payroll, virtual assistants provide exactly the type of help that is needed for the exact period of time they are needed.

Small Business Business Plan: Business Planning Software Simplifies Start-up for Small Businesses

Any business operation operates more smoothly with a plan. Many small business owners are unaware that crafting a comprehensive business plan can improve their operation, or are intimidated by the process. Business planning software works to streamline the process of creating a business plan for inexperienced business owners, helping them to create marketing plans, and improve financial planning.

Planning For Small Business

Small businesses are particularly vulnerable to changes in the economy. When times are good, business owners are too busy to make plans. When times are slow, owners seldom think to work on business plans. Many aspects of business are forgotten, due to the lack of administrative experience. Less obvious expenses, such as equipment depreciation, are seldom added to financial calculations, and marketing strategies aren’t fully thought out. Business planning software can simplify the process for small business owners.

Business Planning Software Helps Small Business Owners Get Organized

Business planning software, such as Business Plan Pro, offers a small business owner the chance to create a business plan in a step-by-step format. Sample plans are available for virtually every industry, which simplifies the process even further. The business planning software walks business owners through the process of creating a business plan, including sections on marketing and financial planning.

A Small Business Marketing Plan is Necessary For Success

A marketing plan for small businesses is not just about advertising. Appropriate pricing of products and services is a critical part of creating a small business marketing plan. Conducting research about the industry, including competition and the positioning of the business, is also necessary to the success of a marketing plan. Due to the proliferation of information on the Internet, much of the necessary information can be gathered from online research.

Financial Planning Improves Income For Small Businesses

Most consumers know that a budget is the way to ensure financial health. Budgeting is also an important part of financial planning for small businesses. Profit and loss projections, as well as a break-even analysis are all necessary in the creation of a small business business plan. While these calculations are complex, business planning software automates the process.

Creating a business plan is a key to long-term success for small businesses. Many small business owners are unaware of the need for a business plan. Others are inexperienced, without the necessary knowledge to create such a complex document. Business planning software gives small business owners the opportunity to benefit from compiled knowledge and experience.

Is There a Future in Finance as a Career?

There was a time when career counsellors made it to a point telling to all young people that a career in finance was the best for them. The markets were booming, and positions in finance companies were easily available. Business schools had student vying with each other to take up the courses which would enable them to make a career in finance. It was not only the finance market that captivated some students. The economy was so strong, that those who are graduated in finance course were unsuccessful when they opted for financial market or investment bank jobs; they went for alternative careers in industry and commerce jobs that involve accounting. The government also offered middle level jobs in finance, and the overall scenario was very bright.

The economy went into a tail spin.

With the economy in a state of recession, the scope in the financial markets had decreased, and those who are graduates in finance, who thought they had secure jobs in investment banks, were facing the possibility of a pink slip. These banks took the worst hit in the financial market turmoil. It followed almost naturally, that accounting jobs in commerce and industry started shrinking as companies cut costs to keep afloat. At this stage only those who opted for public sector jobs seems reasonably secure, but you’ll never know for how long such a situation would last. The severe downturn in the economy could also affect some jobs.

So just what is the future for such financial sector employment?

It is flying in the face of logic, but in spite of the economic recession, finance jobs still have a reasonably a bright future. Most economists agree that the recession in its present form will not last for a long time. They predict it will last for just a short or medium term. This means that if you are in the finance sector of the economy, have a heart, the outlook will become brighter. So if you have lost your job, this may be only a temporary phase, as better times are coming.

The governments all over the world were coming up with various packages to stimulate the economy. So this means that the huge money going into the various sectors chose for stimuli, will need finance graduates to manage the money. It goes without a saying that the only people with a real brilliant and proven record would land these jobs.

All companies which have been affected by the current economic crisis will give their best to survive as best as they can. They would strategize their survival tactics by hiring financial experts to guide their ship through the less troubled waters. The present gloomy state of affairs is mainly due to financial problems, so they will look for financial experts to tackle the financial woes. They may not state their intentions in such clear terms, but will definitely engage people who are well acquainted with commerce and accounting jobs and ask them to concentrate completely on the cost and revenue aspects of financial operations. This could help the companies get through all the turbulence and crises successfully.

Throughout the recent history, any downturns in the economy have always been followed by a boom. Just wait patiently for the good times to show up once again.