Types Of Liquor Licenses in Florida

When visiting a bar or restaurant. The most common orders of guests is a cold crisp wine or beer. Of course, alcoholic beverages are quite common in these establishments. However, selling such drinks can be punishable by law if you do not have the right liquor license. Because of this, it is important for business owners to know the types of licenses to make their business reputable. To help you, below are some of the following liquor licenses in Florida.

Quota – Full Liquor License

One of the main type of liquor license Florida business owners can opt for is a quota liquor license. Quota also known as full liquor license is a type of license that can be purchased or transferred from an existing license holder. In addition, the license can be used in a package-liquor store, bar or a restaurant facility that does NOT meet the SRX requirements. However, a new quota license is created for every increase in the population of a place by 7500 residents.  

Full License / SRX Restaurant

Another liquor license business owners can make use of is a SRX license. SRX Licenses can be applied for directly from the state if you meet a certain criteria, dependent upon the number of seats or square footage of your restaurant. Other than that, a special (SRX) restaurant alcoholic beverage license can be obtained if requirements are met at any time. But, there is an exception to the number of licenses per county restrictions. For instance, the SRX license allows you to sell beer, wine, and liquor for consumption on-premises, in connection with a restaurant, however a restaurant must derive 51% of their revenue from food and non-alcoholic beverages to qualify for this special license. In case that this percentage cannot be met and maintained, the restaurant would not qualify for the special license and would then be required to obtain a regular (quota) license.

Beer and Wine License

Finally, business owners can also opt for a beer and wine license. A beer and wine license permits the sale of malt and vinous liquor by the drink for consumption ON the licensed premises. This license can be applied for directly from the ABT and can be used in either a convenience store, bar, or restaurant setting. 

These are the most common liquor licenses business owners can make use of to help them sell alcoholic drinks more efficiently on their area. Check this site to know more about liquor license in Florida.

4 Questions To Ask When Choosing The Best Bank To Open A Business Account With

Starting a new company often comes hand in hand with opening a business account. This is a highly recommended strategy, especially for first-time entrepreneurs, since this can help them have an easier time keeping track of all the expenses that come with their new venture. Having a separate bank account for your company will also provide protection to your personal assets from any legal liability in case things go sour for your business.

For you and your new venture to enjoy the various services, solutions, and benefits a bank offers, you need to choose the best bank to open a business account in. To help you select the best one, here are some key questions that you have to ask first:

1.     How soon are deposited funds available?

Today, there are still some banks that put a hold on certain types of deposits. For most startups, fund availability is very important and if you want to be sure that your deposits can be instantly credited, you need to verify this with the bank representative. While asking this, try to get details about the bank's process for handling deposits and withdrawals as well. This is because there are certain banks that process a deposit first, and then process the withdrawals from the same day, but others credit the deposit last. In such instances, you will likely overdraw multiple times – something that you don’t want to happen to avoid paying surcharges and penalties.

2.     What is the required maintaining balance to avoid fees?

One of the important things you need to know when opening a business account is the minimum deposit required to open an account and the minimum balance required to waive monthly bank fees. Find out the upfront price of opening an account as well as the continuing requirements, since there are certain types of accounts that require a direct deposit or a recurring payment to avoid monthly service fees. Aside from monthly service fees, find out if you will be charged for other fees such as a stop-payment fee and deposited item return fee.

3.     Does the bank offer overdraft protection options?

Due to one reason or another, many startup business owners avail of a bank’s overdraft’s facilities. Although this bank service offers several benefits, it is best to sign up for overdraft protection as well. Without an overdraft protection policy, there is a risk that your business debit card may be declined or your check might bounce. Although you will have to pay for an additional charge for overdraft facilities and protection, it is an invaluable service that you can rely on.

4.     Does the bank have mobile banking and online bill payment features?

Lastly, you will be able to save a lot of time if you can carry out some banking transactions online. It is simply a more convenient option as well. However, you have to make sure that the bank you choose has a high level of protection in place against fraud. Also, take the time to compare the mobile apps of different banks to see which ones are the most functional for your needs before choosing one.

Having a business bank account not only means having a safe and secure place where you can deposit your money. By choosing the right bank, you will gain access to different banking and financing services and solutions that can be beneficial to your business.

How To Impress Employers That Offer Hollister Jobs

It is indeed hard to find employers that will need your specific skills set and training, most especially when you are focusing on just a certain area. Apart from that, the competition is becoming intense with younger job candidates wanting to establish their careers.

How exactly would you stand out from this competition, most especially when you are limiting your options to different Hollister jobs? Reliable temp agencies San Jose job seekers turn to share some great tips for helping you impress employers so that you can land employment in your preferred location.

Tips For Impressing Employers Today

Create an impressive application form – You need to write flawlessly about your accomplishments, character, strengths and personality. Consider editing your resume and application form for a couple of times until you are sure that they have the best quality.

Dress appropriately – If you have a great sense of style, you can definitely stand out. This can also reflect your personal standards for excellent quality and your attention to detail. For interviews, go for classic looks but add special elements to your attire.

Be confident at answering questions – Reliable outsource staffing agencies claim that there are common questions they ask to reveal how a candidate thinks.

Continuously grow your skills – It is a plus point if you reveal that you are learning new things whilst you are still waiting to land the job you want. Bear in mind that employers greatly appreciate people making an effort toward constant personal improvement. 

Mistakes Business Owners Make That Affect Cash Management Solutions

In order to protect business finances, it is imperative for business owners to make use of cash management solutions. However, some business owners make mistakes that affect such solutions. To avoid this, business owners need to know the most common mistakes they can make. Below are some of the following.

Impulsive purchases

One of the most common mistakes that business owners make that affect their cash management solutions is impulsive purchases. Every now and then, there are numerous product and services that are released in the market that can help make businesses more efficient and functional. Because of this, some business owners want to take this into their advantage. Sadly, there are some business owners who make impulsive purchases, which can affect their cash. In addition, impulsive purchases can also damage cash management solutions. To avoid this, it is imperative to only purchase products and services that is essential for your business.

Wrong or forgetting to forecast

The next mistake that business owners make with regard to cash management solutions is wrong or forgetting to forecast. Forecasting is important for business owners in order to allow them to make better plans and decisions. However, due to numerous tasks and obligations at work, there are cases when business owners forget to forecast. Other than that, some business owners also predict wrong forecasts, which can easily affect their cash flow and management. Business owners can easily avoid this by simply hiring experts to help them forecast their financials.

Not creating a cash cushion

Another mistake that business owners need to be aware of if they sometimes do not create a cash cushion. A cash cushion is the finances you keep in your savings account to protect yourself and your business against financial penalties and issues. Sadly, some business owners neglect this factor. As a result, they may experience financial problems that can lead to business failure. So, it is best for business owners to maintain a balance equivalent to up to 3 months of operating expenses. With this, you can make sure that cash management solutions can be more effective.

Neglecting services offered by financial institutions

Lastly, there are business owners who also neglect services offered by financial institutions. Financial institutions most especially banks offer a wide selection of financial services for business owners. These services are created to accommodate certain needs of business owners such as services to improve cash management solutions. Thus, business owners need to consider these services to help them improve their financial status.

Knowing these mistakes can help business owners make sure that they can prepare their business properly, which can help make cash management solutions better. 

Source: HSBC is a reliable bank that offers the best business finance services. The institution also has skilled experts you can guide you in making better financial decisions. Check this site to know more about cash management solutions.

How To Make Employee Engagement Survey Efficiently Work For Your Business

The United Kingdom boasts of having the biggest economies worldwide. However, it is likewise suffering from below average employee engagement because there are some studies showing that 1 out of 3 workers are engaged.

Based on the latest statistics from Aon Hewitt, such trend has begun to lean toward improved engagement. For most organizations, this development is a great opportunity to increase engagement in the workforce as well as establish a culture where employees can fee fulfilled, positive, focused, and energized to perform better work.

Among the initial steps to make this happen according to Personal Group is to create a better employee engagement survey. This traditional practice acted as a check the box activity in the past couple of  years. But today it is time to make the engagement survey work positively for you and your team.

Developing A Better And Effective Employee Engagement Survey

Choose custom over generic - To use a standard employee engagement survey your employees must answer and submit year after year is the conventional procedure. The problem with generic surveys is that it can't ask questions that are timely, applicable, and aligned with the strategy of your company. It is very important for you to take time to create an employee engagement survey that is attuned to the values and needs of your organization. Doing this will also help you get relevant insights regarding the employees' engagement state and what you must do about it.

Check out relevant channels - Bear in mind that the traditional employee engagement survey is not just the way to measure individual or team engagement at work. Today, you can use different platforms in order to make the process more effective and to help facilitate easier data analysis. And since plenty of workers are now comfortable with utilizing smartphone and web-based programmes, most people will be more inclined to join in various engagement initiatives that the company is offering.

Continuously develop awareness - Most companies spend a lot on employee services but such investment often goes to waste due to the fact that employees do not fully understand the offers. If you are planning to roll out an employee engagement platform, consider arranging for face-to-face consultations to make sure that employees will know about  the offers as well as how they can get access to those.

The survey must be treated as a conversation - Your employees have taken enough time to share their feelings and thoughts in the survey. Hence, it is your duty to show that you are indeed listening. You must study and analyze the feedback you received. Learn from their opinions. And most importantly, take the best actions to establish meaningful change as well as show them that you value their contribution.

Tips In Choosing The Most Reliable Food Logistics Company

Every food business considers the importance of logistics. This is a crucial element to prevent food products from getting rotten or spoiled that customers won’t be able to consume. For business owners who run a grocery or mini mart, choosing the right logistics for all their stocks is like saving their money. They prevent the risk of having canned or boxed products from nearing the expiration date.

The best food logistics companies, however, can help you avoid these issues that can cost your business a fortune and reputation. Below is a list of characteristics that you need to look for to make sure you get a run for your investment (business):

1. Track record of food handling. A lot of logistics companies can claim they have experience in food logistics. To make sure that the logistics provider is not hitting around the bushes, find out how many transactions the company has handled and for how many years. It wouldn’t hurt to find out how many satisfied customers the company serves in the food industry and the different kinds of food products they have managed or handled.

2. Temperature integrity check on the food supplies.  This is an important characteristic to look for if you are consistently ordering or sending temperature-sensitive food products. Even the slightest change in the temperature can turn some food items such as fruits, vegetables, and produce into something that isn’t appropriate to consume for guests. As such, make sure the logistics company utilizes only the best technology that can track and sustain the right temperature before and during transit of the products.  

3. Compliance and rules. When you are in the food business, you wouldn’t want to have food or products that customer won’t buy because they have a short shelf span. It is therefore important to work with a logistics company that can help maximise your ordered products’ shelf life. They should pay attention to your specific requirements as well as the code and expiration dates and other details about your products so that all your efforts and investments won’t go to waste.

4. Lower supply chain costs. Marketing and delivering food products is a low-margin business. To fully maximize profit, costs have to be minimized and this involves making your food logistics operation as lean and efficient as possible. The logistics company you choose must be able to demonstrate how they can keep that per-case cost as low as possible while still ensuring smooth and efficient warehouse and transportation operations.

Source: Al-Futtaim Logistics is a top choice of corporate leaders and is considered to be one of the world's best food logistics companies these days.

Why You Need to Manage Your Working Capital and Cash Flow

If you’re a business owner, it’s important for you to appreciate the importance of having working capital. This is the money that your business uses to function. Without it or without enough of it, then you’ll soon have to shut down your business. Even if your business seems thriving, it is bound to fail if it lacks the ability to settle its short-term debts on time. For this reason, it’s imperative that you know how to manage your working capital and cash flow.

Most of the time, working capital management strategies involve taking out a loan and using the money to finance the business growth and development. Of course, to be eligible for loans, your business’s credit worthiness needs to be investigated. If it turns out to be good, then financial institutions will be inclined to lend you money.

Credit worthiness is based on two main factors: what you have for collateral and how liquid your business is. These are reflected in your bookkeeping. They’re determined by looking at the difference between your assets and liabilities. This shows how capable you are of paying off a loan. Assets include cash, inventory, accounts receivable, as well as marketable securities. Liabilities, on the other hand, are accrued expenses, accounts payable, and near-term portion of loan due.

The relationship between your assets and liabilities should be managed well to make sure that you can continue your operation with sufficient cash flow to take care of your expenses and short-term debts. If you’re able to easily convert assets into cash, then you know that you’re managing your assets and liabilities just fine. As expected, having more assets than liabilities means better liquidity.

Nonetheless, it can’t be helped in many situations that there are periods when a business is doing fine but is cash poor. That’s just the nature of the business cycle. You start out with cash, which buys raw materials, which is then converted into product, which is then sold assigning you an account receivable, which should eventually turn into cash again. It goes without saying that you want a short business cycle.

Oftentimes, the way to free up your working capital and cash flow is to take out a loan or find another funding or finance option. If you want to expand or if further investment is necessary for timely growth, getting a loan will allow you to free up your cash.

Smart management of your business’s money contributes greatly to your chances of success. For this reason, make sure that you always have working capital and that your cash flow is consistent. Check this to know more about working capital and cash flow.