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6 steps to simplify your search for the best mediclaim policy

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6 steps to simplify your search for the best mediclaim policy

With the changes in lifestyle and poor eating habits, many people are constantly on the uphill of getting caught by different kinds of diseases and problems. The medical cost of any kind of disease is constantly on a rising graph because of the increasing complexity of all these kinds of diseases. Normal surgeries can even cost near about 30,000-70,000 the complex ones can even cost more than Rs.4 lakh. So, this amount of money will never come in a very easy manner which is the main reason that the best solution to all these kinds of problems is to purchase a mediclaim policy. The best mediclaim policy will always provide the people with several kinds of advantages in the long run and will help in simplifying their overall process of getting rid of the diseases.

The mediclaim policy will be coming to the rescue if the people are hospitalised due to any kind of accident or disease. With the help of this particular policy, people will be having the best in class medical care without any kind of worry about the big amount of money. The sudden medical emergencies can cause a big burn hole in the pockets of the individuals which is the main reason that they need to be prepared in advance through the mediclaim online policy.

Following are the most important steps to be followed so that people can simplify their search for mediclaim policy:

  1. The people must always go with the reputed companies: At the time of choosing the auto insurance, it is very much important for the people to be aware of the company with which they are dealing. The background, management, policies and several other kinds of things are very much important to be checked at the time of finalising the deal with any of the company and one can also depend upon checking out the online customer reviews of the company to get a real perspective of the whole scenario and then decide the amount of insurance which they want.
  2. People must know their plan perfectly: At the time of choosing the insurance plan, the individuals also need to be very much aware of different kinds of features under the mediclaim policy and further the people need to make sure that these features coincide with the respective speculative health needs. The inclusions and exclusions of the policies are very much important components and further, the people need to ensure that policy is covering all the major diseases and procedures. The exclusions can be sleep disorders, dental procedures and several other kinds of things. So, being aware of such things will always allow people to choose the perfect mediclaim policy.
  3. It is important to be aware of the cost element:The cost of the policy should be the deciding factor at the time of using the mediclaim policy and the amount of premium which the individuals are going to pay will be a very big determinant. To calculate the premium amount the individuals also need to use the online premium calculator so that they have a clear-cut idea about the exact amount of premium to be paid associated with the policies. The people need to note that they must consider the total cost of mediclaim policy by considering the inflation as well.
  4. It is important to check the renewal policy: The mediclaim should also have a very decent renewal policy and by the time people will become 70 years old the susceptibility to different kinds of problems will also increase. So, it is very much important for the people to purchase a mediclaim policy in their initial years so that it can be beneficial in the later years. However, choosing the mediclaim policy with an easy renewal process will also help in making sure that everything will become simple as well as hassle-free.
  5. People must be aware of the claim process: To further simplify the search for medical policy is it is very much important for people to be aware of the claim process because this is one of the major factors whenever it comes to the selection of any kind of insurance policy. The simpler the claim process faster will be the settlement of claims which is the main reason that it is very much important to be insured.
  6. Being aware of the credibility of an insurance company is vital: At the time of purchasing the insurance, it is very much important for the people to check the credibility of the insurance company with which they are dealing. In addition to this having a little research about the claim settlement ratio will also prove to be very much beneficial at the time of making the financial final decisions.

So, depending upon Care insurance for the best mediclaim policy is a great idea so that people can cover their medical expenses perfectly and enjoy a stress-free life.

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4 Common Reasons for Selling a Business

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4 Common Reasons for Selling a Business

Did you know that approximately 78% of small business owners want to sell their small businesses to fund their retirement? However, selling a business is not an easy decision. There’s paperwork to complete, property to sell, and, sadly, employees to let go.

If you want to sell your business but aren’t sure it’s the right decision yet. Don’t worry; you’re not alone. From declining sales to burnout, we’ve investigated some of the biggest reasons that made a business owner sell their beloved business.

Now, are you ready to get started? Here’s a quick look at selling a business:

1. Declining Sales

A decline in sales is one of the most common reasons why owners decide to sell. Although, keep in mind that reduced revenue is not always your company’s fault. Sometimes it contributes to reasons outside your control like a bad economy, high jobless rates, or global health concerns.

If you’re experiencing a decline in sales, try and understand the root of the cause and see if it can be managed or even if you want it fixed. After all, sticking it out can lead to frustration, possible financial hurdles, and not to mention burnout. So, think about what you want and whether you want to sign away your business or fight to keep it.

2. Partner Disputes

Partners can push you to think big, but they can also push you the wrong way. If you and your partner are having recurring disputes about the future of the business, that’s a red flag.

Partners should always be on the same page when it comes to a business’s future. Furthermore, if you feel disrespected or not listened to, you should deinvest with that partner and part ways.

Now, you may be thinking, what’s next? Well, you really only have two options: you can find another partner or sell the business altogether.

Depending on your situation, it may be easier just to find another partner. However, if you already have a decline in sales and have lost interest in the business, it might be good to sell the business to someone who can make it profitable again.

3. Financial Reasons

Even a profitable business makes a few financial hiccups here and there; however, these mistakes can lead to serious difficulties. For example, if you over-invested in a project, you could be left with a large amount of credit card debt, or worse, you could face bankruptcy. If you’re experiencing these financial difficulties, your best bet might just be to sell.

If you’re on the fence, check out fusionadvantage.com; they can help you understand what your business is worth.

4. Burnout

Okay, let’s be honest no one likes feeling burned out, certainly not a business owner. However, if you begin feeling overly exhausted or stop receiving enjoyment from your work, that’s a for sure sign you should sell. Coupled with declining sales and partner disagreements, it’s time you think about your future away from your business.

Reasons for Selling a Business: What’s Yours?

There are many reasons to sell a business; however, the question remains do you want to? Whether it be for financial reasons or partner disputes, there could be a thousand reasons why you should or shouldn’t sell, but the decision rests solely in what would make you happy.

So, are you ready to let go and start anew, or do you want to hang on to your business for a little longer? The best advice anyone could give is to find what will make you happy, so don’t wait; discover your happiness today!

Now, for more information about selling a business, visit our website. We look forward to helping you!

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How to create a GST invoice

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How to create a GST invoice

What is a GST invoice?

A GST invoice or a GST bill is basically a list of all the goods or services that you or your company delivered and the payment that you expect in return for it. A GST invoice is mandatory if your business is registered under the GST and you must issue it while providing services to your clients. Invoice related decisions of the GST are taken by the chairman of the GST council along with other members of the council under the GST act.

To create a GST invoice you must be aware of the fields that your GST invoice should mandatorily have:

  1.     The name of the customer
  2.     The invoice serial number
  3.     The invoice date
  4.     The shipping address
  5.     The billing address
  6.     If the customer is registered then the customer and taxpayer’s GST number (GSTIN)
  7.     If the customer is not registered and the total value of the invoice is greater than Rs.50000 then your invoice needs to have the following information:
  8.     Name of the recipient
  9.     Address of the recipient
  10.     Delivery Address
  11.     Name of the destination state
  12.     Name of the state code
  13.     The place from which the supply is to be made
  14.     HSN code or the SAC code
  15.   Details of the item: should include things like description, quantity along with a unit of measurement of the good and the total value
  16.   The taxable value
  17.   The discounts
  18.   The rate of taxes
  19.   The amount of taxes (IGST, CGST SGST)
  20.   Is the GST payable on a reverse charge basis
  21.   Signature of the supplier

Note: Reverse charge basis means that the liability to pay the taxes lies on the recipient of the goods or services and not on the supplier

You can create a GST invoice in excel using these values and print them in pdf or you can just use one of the countless online tools for it.

For the supply of goods three invoices need to be issued:

  •       Original for the recipient of goods
  •       Duplicate for the transporter
  •       Triplicate for the supplier

For the supplier of services

  •       Original for the recipient
  •       Duplicate for supplier

When should the invoices be issued?

According to the GST act, there are different timelines for different kinds of invoices:

  •       Goods (if the supply of goods is one time): on or before the date of delivery
  •       Goods(If the supply of goods is recurrent): On or before the issue of account statement
  •       Services: within 30 days of the date of supply of services
  •       Services(Banks and NBFC): Within 45 days of supply of services

What is GST E-invoice?

E-invoicing an electronic validation process by the GST Network (GSTN) and has been approved by the GST council in its 37th council meeting. It helps ensure that the invoices that you have generated are valid and meet all the requirements to be used for processes like bill creation or GST return filing. Hence it is a way to verify different kinds of invoices from different accounting software based on common parameters.

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Things To Follow While Conducting Virtual Business Meetings

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Things To Follow While Conducting Virtual Business Meetings

Work from home has become the new normal after the covid-19 pandemic. With this, all the meetings, training, work sessions are all conducted virtually. But are you conducting the meetings perfectly?

Does this happen with you that in the middle of the meetings your family member starts talking to you or passes by? Or your kids are crying in the background while you are in the middle of the meeting?

All these cannot be completely avoided and some compromises need to be made, but many things can be improved. It’s called online meeting etiquette. By following primary meeting protocols, you help your colleagues and organization in completing the meeting agenda on time and become more focused during the meetings.

So here, we bring to you some important online meeting Dos & Donts to assure high productivity and professional remote work culture:

Dos:

  • Arrive Early

Arrive at the meeting early at least 15 mins before, as there may be a lot of things that can go wrong at the last moment. For example, your laptop hangs up or you may be unable to connect to the audio. Joining early will give you some buffer to fix all that up. Don’t wait for the last minute to join.

  • Setup Everything Before The Meeting

If you are the presenter, be ready with all the setups beforehand. It is quite frustrating for the audience to wait for you to the setups, and open the documents while the meeting is on. It also creates a bad impression and shows that you were not ready.

  • Mute By Default

If a large group of people is attending the meeting, select the mute by default option. A lot of people forget to put the call on mute and then you get to hear various background noises and interruptions that disturb the whole meeting and the presenter. You can unmute them all in the question and answer session and when the whole meeting is about to come to an end.

  • Don’t Fidget

Make sure you don’t fidget or multitask when the meeting is in progress. You may unknowingly unmute yourself or press the screen share button to embarrass yourself in front of a large audience. And trust us, there is no undo or going back from this shame!

  • Check Your Laptop/Desktop Background

If you are the presenter or asked to present anything and you have to share the screen, it will be quite humiliating if your Netflix is opened in the minimized tab or you have a wallpaper that is not ethical to keep as per the office norms. Hence make sure that you check your system background and minimized tabs before you share the screen.

  • Stick To The Agenda

Don’t try beating around the bush. This will waste your time as well as the time of the audience. They will lose interest and you may miss the important point that you were supposed to make. Hence stick to the agenda and cover all the objectives that you have jotted down for the meeting.

  • Be Attentive

It is very common that you may lose your concentration from an online meeting if it has been going on for a long time. But try to be as attentive as you can. If someone from the meeting asks you any question or your suggestion and you are completely lost, won’t that be embarrassing?

Conclusion

After the companies have started moving towards remote working culture due to the covid-19 pandemic, online meetings have increased tremendously. Just because you are not in the office, there are some professional etiquettes you should follow to maintain a good reputation. Following all the above-listed points and using LMS software like paycom will help you be a pro at conducting and attending online meetings like an expert. Don’t believe us? Check the paycom reviews yourself.

Also, let us know in the comments, what troubles do you go through while attending office meetings from home.

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