Truly a Miracle Substance for the Body

I took the CLA Safflower Oil supplement for reasons than why many others take this substance. I first heard about it from a friend and she took it to lose weight. It’s apparently quite successful at burning off the pounds. In my friend’s case, it became obvious very quickly that she dropped more than a few pounds. I asked her if she changed her diet and she said she started taking the Safflower Oil and didn’t need to worry about what she ate. Color me skeptical about not trying to cut out the carbs, but it’s pretty clear this substance works regardless of diet.

I ended up reading more about it online out of curiosity and immediately noticed something about the oil that really grabbed my attention: it offers a lot of benefits for heart health. Specifically, it helps with preventing arteries from solidifying.…

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7 Things That Will Negatively Impact Your Credit Rating

Credit rating is a hugely important figure that can affect many aspects of our lives. A credit rating is a figure that is used to show to banks and financial institutes how reliable you are in terms of making financial repayments etc. A credit score may be used to judge your reliability to pay back a mortgage for example, or personal finance on a vehicle.

If you have a poor credit rating, you will struggle to take out a loan, open credit cards, or even apply for a mortgage. Furthermore, a low credit rating can also have long-lasting ramifications on your life – in most cases, it will point towards the fact that you have either a poor cash flow or are making flawed financial choices. This article looks at the main ways in which you can negatively impact your credit rating, and what you can do to improve it and your money management.

Avoid These Things At All Cost

The following is a list of 7 things you should strive to avoid at all costs if you wish to maintain a good credit rating and avoid a visit from the process server. This list is not exhaustive, but these pointers cover the main pitfalls people often face when attempting to raise their credit score and escape from debt:

1. Make persistent late payments

This is one of the areas that many people fall short – bill payments. Most financial agreements such as mortgages, car finance and rent will have set payment dates. If you regularly pay later than this set date then your credit rating will be reduced. Regular late payments show to a creditor that you struggle to manage money effectively and may even lack organizational skills.

2. Failing to pay bills

The next level from regularly paying bills late is failing to pay bills at all – this is much more critical and an issue that will damage your credit rating hugely. Even if you have a valid reason for failing to pay a bill, this will still get listed as a failed payment and damage your credit rating. If you feel you cannot make a payment, it is advisable to contact the financial provider immediately and see if anything can be done.

3. Declaring bankruptcy

Declaring bankruptcy is effectively stating that you are incapable of paying your outstanding debts. As you can guess, this will damage your credit rating immensely – why would a creditor or financial institute provide funds to someone who has legally declared they cannot repay debts? Bankruptcy should be avoided at all costs and only ever used as a last resort – you must take charge of your finances way before bankruptcy is even thought of.

4. Having multiple maxed-out credit cards

Failing to maintain one credit card can be damaging enough as it can point towards your inability to pay off debts, but having multiple maxed-out credit cards can be disastrous. In practical terms, this means you are laden with an ever-increasing amount of debt and interest that you may struggle to pay off. In terms of credit, this will destroy your score and creditors will see that you often live beyond your means.

5. Having a high level of debt

This is a given and quite obvious, but let’s actually break this reason down. Having a high level of debt can mean several different things. Firstly it could mean having a credit card maxed out, or having a single loan that has high monthly payments. This is not ideal if you struggle to keep up with payments. What’s worse, however,  is when you have a high level of debt in several different areas i.e. you have a maxed credit card, car finance, a mortgage, and a maxed out store card for example. If you have a high level of debt, and something goes wrong with your source of income, you suddenly become a liability to creditors.

6. Applying for multiple loans in short sequence

This is a strange one but it can make a difference to your credit score so be wary. In short, every time you apply for a loan or finance it is noted on your credit score and is available for creditors to see. The negative aspect of this is that if you are continually refused finance and loans, there must be a reason behind it – creditors will look at your many applications and have reservations.

7. Defaulting on a Loan

There are many different types of loan – secured loans, personal loans, home loans and car loans for example. You can default on any type of loan. This effectively means you have stopped making loan repayments. This is like failing to make repayments but it can have severe ramifications and even mean that collection …

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How is Employment Equity Enforced?


In a nutshell the responsibility of the Employment Equity Act in South Africa is to ensure employers and employees are compliant with the Acts in place meant to protect the best interests of all South Africans. You may still find yourself asking: “how does employment equity work?” This article explores exactly that.

What is the purpose of the Employment Equity Act?

The Employment Equity Act is in place to create and promote both equality in the opportunities and the treatment of all individuals in or applying for employment. To eliminate unfair discrimination affirmative action measures are taken as a means of readdressing disadvantages implemented in the past.

Equal opportunities and representation in the work place for all South Africans is crucial to living in a world where unfair discrimination is completely buried in the past.

What is a designated employer in terms of the Employment Equity Act?

A designated employer, according to the Employment Equity Act is an individual who employs fifty or more people. A designated employer can also be defined by their total annual turnover, or employers can volunteer to become designated employers.

Once it is determined that an individual is a designated employer they are expected to carry out certain duties in accordance with the Employment Equity Act to keep their compliance and position intact. The designated employers are responsible for implementing affirmative action measures for designated groups in order for them to achieve employment equity. This includes:

  • Consulting with employees
  • Conducting analyses
  • Preparing an employment equity plan
  • Reporting of progress after implementing the employment equity plan to the relevant Director-General

They will also be responsible for appointing managers to help them implement and monitor the implementation of the employment equity plan.

To better understand the Acts in place in South Africa consult with our professionals to ensure your business legal compliance. Contact us to ensure your compliance with SERR Synergy.…

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Franchising Success Is About Being in the Right Space

The right space can be anything from the mental to the physical, but in this case we are going to focus on the location. The following are some of the key location-related questions you need to ask if you’re looking at which franchise to buy.

How does the franchise operate?

It might sound like an odd question but understanding how you are going to be doing business is a deciding factor in where you need to be. If you are opening a new Cash Converters franchise, for instance, you want to be in a location that has ample parking and easy access for customers who need to carry household items.

In this case you would be buying into a franchise that operates by buying and selling goodsfrom and to people in your community. Some of this will include larger appliances or fragile goods that need to be transported carefully.

As you can see, the type of business you will be doing determines the type of space and location you will need.

Who are your customers?

If you are looking to open a new Cash Converters franchise, like in the example above, who would you expect to buy from you? You will get customers from all walks of life – single moms, millennials starting out and growing families will come to you to buy branded households goods at affordable prices, where wealthier customers will be selling their unwanted quality used goods that they no longer need. Cash Converters stores have a service for everyone, regardless of socio-economic status, so your location should be easily accessible by all economically active people across most standards of living.

Knowing which economic or class sectors you will cater to will help you choose a location as well. By identifying your target markets you can make sure that you set yourself up in a location that is central to your unique customer mix.

What are the franchisor’s minimum requirements?

Knowing how to buy into a franchise opportunity, and where to set up shop, is also largely reliant on knowing what your ideal franchisor requires from you.

A new Cash Converters franchise, for example, will need to conform to either a Mini store format (up to 250m²) or Midi store format (251m² to 500m²) with a separate buy shop that has plenty of customer parking right outside. This makes the process of buying a franchise so much easier, really, because you now know what sort of space you need, who you need to cater to, and how big your location needs to be.

What sort of assistance is the franchisor willing to provide?

Knowing what sort of location to look for is one thing, but actually getting that location is another. Thankfully, most franchisors are aware of this and will show you how to buy a franchise and location, given that you meet their ideal franchisee profile.

Keeping with the example case, when buying a new Cash Converters franchise they will provide a full property consultancy service to assist you in leasing a suitable location. Store design and build is part of a turnkey solution that this franchisor offers as a basic service. This ensures that the new franchisee gets the benefit of group buying power, and the franchisor knows that the new store is 100% to brand specifications.

Download the Cash Converters information pack for a comprehensive view of what they would require from you in order to buy a Cash converters franchise. If you’re up for more research you can read their franchising blog as well.…

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A Few Things You Should Know About Disability

Often a person sustains an injury and can no longer work. Sometimes this is temporary, but sometimes it is permanent. The following are a few things you may not know about a disability that prevents you from working.

If you are hurt on the job
If your injury occurred during working hours, you will likely be eligible for workers’ compensation. This is an insurance that your employer carries to provide income to a worker while they are recuperating. You must have been on the clock, so to speak, when the injury occurred. It doesn’t necessarily have to be in the act of working, but as long as you were injured during working hours, you are likely eligible for workers’ compensation. Sadly, not every employer is required to carry this insurance. There are certain exceptions, but most businesses are required to carry it.

Disability is not workers’ compensation
Disability is a program run by the federal government and is a part of Social Security. Whereas workers’ compensation is designed to provide income while you heal from your injuries, disability is, for the most part, for permanent injuries. If you are at a point where you can no longer earn an income, then you should consider filing for disability. Not everyone is accepted for disability, but if your application is denied, you can hire disability lawyers in San Antonio TX to help with your appeal.

Litigation may provide compensation for injuries
Regardless of whether it is workers’ compensation or disability, the cause of your injury may have been due to negligence on the part of another party. In this situation, you may be entitled to compensation. Often it is another party that has some form of liability insurance, so it is an insurance company that you will be dealing with. In this situation, you must have a personal injury attorney working for you. This is the only way you will receive all of the compensation you are entitled to from an insurance firm.

Any specific questions you have should always be directed to an attorney. Many law firms will offer a free initial consultation, so there is no financial obligation for speaking to a lawyer.…

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Getting To Know The Elements Of B-BBEE Compliance

There is more to the Broad-Based Black Economic Empowerment Act than just ownership and management concerns. The inspiration behind the economic empowerment of previously disadvantaged populations in South Africa was the need to do just that: empowerment. Empowerment is about more than just giving people titles and higher salaries, it is also about improving people’s skills and overall development for the sake of the country’ future. That is why the following five elements form the answer to the question of what BEE compliance is.

1. Ownership

This element is the part of the B-BBEE scorecard which measures black ownership of businesses. The criteria in the Broad-Based Black Economic Empowerment Act’s Codes on ownership state that businesses must be 51% black owned to be compliant with this element.

2. Management

 In the beginning many businesses resolved their need to meet the above criteria by placing 51% of their ownership in the hands of black individuals, but without allowing these individuals to participate in management. That is why this element of the B-BBEE scorecard can be understood as a means of preventing this kind of practice, allowing the development and empowerment of black managers through valuable experience.

3. Skills Development

 Skills development under the Broad-Based Black Economic Empowerment Act involves implementing training through learnerships, apprenticeships, internships and SETA-accredited training programmes. In order to gain points in this BEE scorecard element businesses need to empower individuals by investing in such training and skills development. If the expenditure on this meets with the expected requirements then they can earn points on their BEE scorecard.

4. Enterprise and Supplier Development

 Another important factor that goes beyond management and training opportunities is the necessity of supporting black owned businesses. Giving 51% control of a business to black individuals would be a moot point if nobody did traded with these businesses. That is why this element has been added to the B-BBEE scorecard, explained as the measurement of the amounts spent on procurement from empowering suppliers as well as contributions towards Supplier Development and Enterprise Development to empowering entities.

5. Socio-Economic Development

 The fifth element deals with measuring contributions made towards socio-economic development. Many previously disadvantaged communities are living in negative or even dire socio-economic conditions, rife with poverty, unemployment and crime. By contributing towards education initiatives, community improvement programmes and other such initiatives businesses help to empower communities that are still suffering under their prevailing conditions.

Many businesspeople over the years have asked: Why is B-BBEE important? The fact of the matter is that it is not about interfering with businesses and their structures, but the importance instead lies in working towards improving the outlook, potential and quality of life of disadvantaged populations. The best way to make sure that you are compliant and reaping the rewards for your part is to enlist the services of a legal compliance professional. Contact SERR Synergy to see how you can become compliant!

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Help for Resolving Problem post Accident

There are many ways a knowledgeable Oregon car accident lawyer can assist you after a serious accident that another driver caused. You might be able to receive compensation lost wages, medical bills, and other accident-related expenses.

The lawyer reviews the specifics of your accident and explains your legal options. This type of assistance improves your chances of getting the maximum amount after being injured by the negligence of another driver.

Here are a few more ways a personal injury lawyer can help you.

Investigate what Happened

A lawyer is experienced with investigating all factors that might have contributed to your accident. While it may seem clear that the driver broadsided your vehicle, there could be multiple factors such as poor road conditions, vehicle malfunction or proper signage.

Resources allow the lawyer to work with an accident reconstruction expert to learn how the accident unfolded.

Determine Responsible Parties

Not only can multiple factors lead to a serious car accident, but those factors could lead to holding other entities or people responsible along with the driver. These potentially responsible parties could be liable for compensation.

For instance, if the person who hit you was driving a company vehicle, a lawyer could contact their employer. The employer may share responsibility for the injuries you sustained.

Tire blowouts recall issues or other problems that can cause the vehicle to malfunction could be a manufacturer issue. The lawyer will add the manufacturer as a responsible party.

Deal with Insurance Adjuster

The insurance adjuster is more concerned with saving the insurance company money. That means they will not be fair in your offer. Your lawyer knows the terms and tactics of the insurance industry after a serious car accident injury.

Any information that you provide could be used against you to either minimize or invalidate your claim. The lawyer can talk with the insurance adjuster so you can concentrate on getting better.

An accident lawyer knows Oregon laws that pertain to claims and the best ways to negotiate a fair settlement on your behalf. Consider having a legal advocate who is dedicated to fighting to make sure you get the compensation you deserve.…

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