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Why an Inventory of your Business Assets is
Important
Every year small businesses spend
billions of dollars on a promise. The promise is insurance.
Insurance companies promise that if something goes wrong they
will step up and provide financial relief. Insurance is
designed to minimize the impact of certain risks faced by
people and businesses every day. In return for your premium,
the insurance company is able to assume the risk and reimburse
you for your lose.
Of course, businesses can and
should - protect their property and inventory by actively
managing and minimizing the risks that threaten their
particular venue. For example, one can institute safety
measures by installing a security system on the premises to
prevent break-ins and thefts. Of course, youll still need to
be insured for burglaries, in addition to having fire, flood,
or earthquake insurance. Allow an insurance agent or broker to
guide you through the various types of coverages. More than
likely, the agent will advise you to have an inventory of your
stock, computer systems, sales and display items, office
furniture, tools, supplies, and any other items used at your
place of business.
There are many software programs
available to help you keep track of your stock. Its wise to
make that investment, and most businesses do. But what about
your other business furnishings? If you had a fire, flood or
you were burglarized, would you be able to prove to the
insurance company that you owned certain equipment such as
your computer, printer, fax, scanner, office furniture, etc?
During a time of crisis, most of us wouldnt be able
to recall brand names, model/serial numbers or the like.
Protect you business assets by having an inventory of your
office equipment, workshop tools & machinery, and other
business tangible assets. Document your investment for your
insurance company to make the claim process much more
smoothly.
The benefit of having your small business
inventoried by an outside source is you would be able to prove
ownership and value of your business property. All the
information you need to help you file your claim with the
insurance company would be documented in digital video and/or
photos along with written reports verifying your ownership.
The SBA advises that you keep an updated inventory of your
business property with appropriate documentation. This
documentation, which is saved on a CD for your convenience,
should be kept off premises, preferably in a safe deposit box
at your bank. Having proper documentation available increases
the accuracy and speed of your claim.
Each year,
businesses and residential properties lose thousands of
dollars worth of belongings due to fire, flood, theft or other
disasters. Fortunately, many of those losses are insured, but
when it comes time to filling out claim forms, many items are
overlooked if there was no inventory done. Having an up to
date inventory of your business or home will help you get your
insurance claim settled faster and will give you the
documentation you need to verify losses for your income tax
return.
Dont be one of the unfortunate ones. Have
your property inventoried today!
Eydie Stumpf
President, Eydies Errands
Home Inventory Service
(including small business)
Home Office: 951-737-5311
Cell: 951-314-4561
www.
eydieserrands.com/inventory.htm
ineedhelp
@eydieserrands.com
Potential Quest, Inc. is
committed to delivering Coaching, Consulting, and Business
Services designed to grow our client's bottom line.
Our coaches and consultants provide a thorough needs
analysis and then create a customized solution designed to
meet and exceed the organizations desired business goals.
Learn More
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I hope that this newsletter finds you all
well and in the midst of a successful Q2!
Recently, I
had the privilege of attending one of the sessions of
Leadership California in San Francisco. Leadership
California’s focus is on educating individuals—from Business
Owners to high level executives—on the issues and trends that
California is currently facing and or will be facing in the
near future. The event was very informative and I left having
a learned a great deal about our state and the opportunities
and challenges that lie ahead for all of us.
The
reason I am sharing this information with you is because most
of you work, live and play in the Inland Empire. The Inland
Empire has been growing and changing for many years but wasn’t
always looked at as one of the leading areas in California.
However, I have to tell you, having participated in the
Leadership California event in San Francisco, I am even more
excited about our future in the Inland Empire. Many of the
speakers that presented at the event talked about the
importance of the Inland Empire and the other inland areas in
northern California. The Inland Empire is being looked at as
one of the great emerging areas of California. In the coming
years, the Inland Empire will shape the future landscape of
California.
The great news is that you are in the
right place if you are in the Inland Empire! We have many
challenges ahead of us, but the opportunities are endless and
I encourage all of you to think about what your
contribution will in the next decade!
In Support,
Ursula Mentjes
CEO and Certified
Business Coach
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The Best Decision |
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 Decisions. Every day we have many
decisions to make regarding the next step in our business or
career. Have you ever experienced a difficult decision and
instead of making a choice did nothing? I am sure that is a
silly question and that we have all shared that experience at
one time or another. The reality is it happens to everyone
more than we might like to admit.
What stops people
from making a decision? Most of the time fear gets in the way.
Comfort zones have been developed and there does not seem to
be a clear direction to go so no decision is made. Or, the
individual is just so busy that it is impossible to find the
time, space and clarity to even determine what all of their
options are. Given everything that we might be up against as
decision makers, what is the best way to make a good decision?
First, create space on your calendar to take the time
to think about the decision you are trying to make. Often, we
are so lost in the immediate needs of our business or our
employees that we cannot find the space we need to think.
Second, sit down with a trusted mentor or advisor and with
their help brainstorm a list of all of your current options.
Next, prioritize your options. If you find this difficult to
do, weigh them against each other (number three option against
number six option for example) and continue to do that until
you have your options listed in the order in which you would
choose them. Finally, imagine that you have stepped into the
future (six months or a year from now) and that you made your
number one decision. What is your business like having made
that decision? Does it feel like the right decision?
Remember that not making a decision is still a choice
and sometimes might even be the best choice at the time if you
have considered all of your options. As long as you are making
decisions, you are continuing to move forward. Many people say
that it was their worst decisions and the perception that they
failed in a specific situation that helped them see what the
best decision could be. If they had not tried, though, they
never would have known.
Action Item: Do
you have a decision weighing heavily on you right now? Do you
feel it is getting in the way of moving forward in your
business or your career? Clear some space on your calendar and
go through the exercise listed above. Once you have completed
the exercise in its entirety, record your thoughts on paper
regarding what the experience was like for you. What did you
learn? Have you made a decision? |
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The Reader's Quest |
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The Passion Test
by Janet Bray Attwood
and Chris Attwood
The Attractor Factor
by Joe Vitale
The Automatic
Millionaire
by David Bach |
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Quotes on Your Quest |
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"No answer is also an
answer."
German Proverb
"Once you
make a decision, the universe conspires to make it happen."
Ralph Waldo Emerson
"People "died"
all the time.... Parts of them died when they made the wrong
kinds of decisions -- decisions against life. Sometimes they
died bit by bit until finally they were just living corpses
walking around. If you were perceptive you could see it in
their eyes; the fire had gone out... you always knew when you
made a decision against life.... The door clicked and you were
safe inside -- safe and dead."
Anne Morrow
Lindbergh |
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Ursula Mentjes is a Certified Business Coach who
specializes in Neuro-Linguistic Programming (NLP) to help her
clients reach their highest potential in their careers and
businesses. She holds a Bachelor of Arts Degree in Psychology
and Communication and a Master of Science Degree in
Psychology. Ursula is also a Certified NLP Coach through the
NLP Institute of California, an Associate Certified Coach
through the International Coaches Federation and a member of
the International Coaches Federation. She is the founder and
owner of Potential Quest, Inc. Ursula has over ten years of
sales, sales management and executive management experience.
You can contact her at Ursula@potentialquest.com or
951.689.8002. |
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Read on... |
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What Clients are Saying |
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"The overall presentation was excellent and I feel
more power to reach my long-term goals sooner!"
Dorothy Brewton, Sr. Account Executive
Coast Computer
Products |
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The Impact of Coaching |
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Coaching produced a 529% return on
investment and significant intangible benefits to the
business. Including the financial benefits from employee
retention boosted the overall ROI to 788%.
An excerpt from an Executive Briefing
prepared by Merrill Anderson of MetrixGlobal.
If you are ready to experience this kind
of return on your investment in your business, then call today
for a complimentary consultation! |
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Divine
Visions' "5-Minute Networking" Business
Mixer |
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Thursday, June 20
6:00 - 8:10 p.m.
Cafe Sevilla
3252 Mission Ave.
Riverside, CA 92501
$49.00
RSVP by June 15th
Click here to RSVP
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