What Do You Need To Know Before Getting Cosmetic Surgery?

Cosmetic surgery is a very sophisticated yet a common procedure nowadays. People attribute their unfortunate circumstances and their mood swings to the features they don’t like on their body. But one must be very cautious before going for cosmetic surgery.Not all the problems or anxieties will vanish off by taking the route towards cosmetic surgery.It is often seen that people who can change their appearances by simple procedures such as brow waxing or eye-lift creams or skin tightening gels, unfortunately go under the knife to find a pleasant niche in their own body.1. One must consult a sought after cosmetic surgeon to rule out all the possible repercussions one may encounter after the surgery has been done. Because once done, the changes are not redeemable even if you like it or not. Moreover, one should always consider taking a second opinion before deciding to go for the surgery.

2. Health is an important aspect before you undertake cosmetic surgery. Always reveal your health and medical past to your surgeon. It is not a good idea to look esthetic outside while internally you are not fit at all.3. Always do a small research on your behalf to know the pros and cons of the surgery. Also take ideas of the experiences of the oneswho have already been under the knife to get beautiful faces. Take down notes of the surgery you are considering for yourself and make a list of all the benefits you are going to get. This written scenario will clear all the clouds of doubt and you will explicitly see your agenda.4. Along with a benefits list, make a list of possible complications you may face. Writing them down somehow prepare you with the possible side effects after the surgery. A veteran doctor might be of some help to you. Infections are the most common side effects of cosmetic surgeries. Since not always the procedure taking place or the instruments used are sterilized. Also post-surgery scarring is something that many cannot accept. But this is a bitter truth you might have to face though not always. Although you can always have a candid conversation with your surgeon about the scare hiding incisions and his technique of hiding scars.5. The image that you might have created before cosmetic surgery may not materialize the same way. One should be aware and prepared for certain amount of glitches here and there. A malpositioning of nose or wrong bent in the chin might prove disastrous and depressing. To avoid being anxious of the result, one must goal for a better looking face and not aim towards a particular renewed feature.6. After surgery, one must keep the time taken by the recovery period. It takes quite long to get completely recovered. With sessions of pains and feeling of stretchiness, you may have to take off from your office or workplace.

7. Cost is another factor that plays an important role in cosmetic surgery done. While considering the risks it comes with, one must take this crucial decision with complete wisdom. Spending so much of money to give you a desired look is not something that everybody can afford. So make the decision keeping all the other important aspects of your life in front of you and then prioritize your choice. Because there are so many other things that might require immediate attention.Considering these above factors, you can easily take a firm decision whether you are ready for the improvised version of yours after surgery or you are happy the way you are now.

Alternative Financing Vs. Venture Capital: Which Option Is Best for Boosting Working Capital?

There are several potential financing options available to cash-strapped businesses that need a healthy dose of working capital. A bank loan or line of credit is often the first option that owners think of – and for businesses that qualify, this may be the best option.

In today’s uncertain business, economic and regulatory environment, qualifying for a bank loan can be difficult – especially for start-up companies and those that have experienced any type of financial difficulty. Sometimes, owners of businesses that don’t qualify for a bank loan decide that seeking venture capital or bringing on equity investors are other viable options.

But are they really? While there are some potential benefits to bringing venture capital and so-called “angel” investors into your business, there are drawbacks as well. Unfortunately, owners sometimes don’t think about these drawbacks until the ink has dried on a contract with a venture capitalist or angel investor – and it’s too late to back out of the deal.

Different Types of Financing

One problem with bringing in equity investors to help provide a working capital boost is that working capital and equity are really two different types of financing.

Working capital – or the money that is used to pay business expenses incurred during the time lag until cash from sales (or accounts receivable) is collected – is short-term in nature, so it should be financed via a short-term financing tool. Equity, however, should generally be used to finance rapid growth, business expansion, acquisitions or the purchase of long-term assets, which are defined as assets that are repaid over more than one 12-month business cycle.

But the biggest drawback to bringing equity investors into your business is a potential loss of control. When you sell equity (or shares) in your business to venture capitalists or angels, you are giving up a percentage of ownership in your business, and you may be doing so at an inopportune time. With this dilution of ownership most often comes a loss of control over some or all of the most important business decisions that must be made.

Sometimes, owners are enticed to sell equity by the fact that there is little (if any) out-of-pocket expense. Unlike debt financing, you don’t usually pay interest with equity financing. The equity investor gains its return via the ownership stake gained in your business. But the long-term “cost” of selling equity is always much higher than the short-term cost of debt, in terms of both actual cash cost as well as soft costs like the loss of control and stewardship of your company and the potential future value of the ownership shares that are sold.

Alternative Financing Solutions

But what if your business needs working capital and you don’t qualify for a bank loan or line of credit? Alternative financing solutions are often appropriate for injecting working capital into businesses in this situation. Three of the most common types of alternative financing used by such businesses are:

1. Full-Service Factoring - Businesses sell outstanding accounts receivable on an ongoing basis to a commercial finance (or factoring) company at a discount. The factoring company then manages the receivable until it is paid. Factoring is a well-established and accepted method of temporary alternative finance that is especially well-suited for rapidly growing companies and those with customer concentrations.

2. Accounts Receivable (A/R) Financing - A/R financing is an ideal solution for companies that are not yet bankable but have a stable financial condition and a more diverse customer base. Here, the business provides details on all accounts receivable and pledges those assets as collateral. The proceeds of those receivables are sent to a lockbox while the finance company calculates a borrowing base to determine the amount the company can borrow. When the borrower needs money, it makes an advance request and the finance company advances money using a percentage of the accounts receivable.

3. Asset-Based Lending (ABL) - This is a credit facility secured by all of a company’s assets, which may include A/R, equipment and inventory. Unlike with factoring, the business continues to manage and collect its own receivables and submits collateral reports on an ongoing basis to the finance company, which will review and periodically audit the reports.

In addition to providing working capital and enabling owners to maintain business control, alternative financing may provide other benefits as well:

  • It’s easy to determine the exact cost of financing and obtain an increase.
  • Professional collateral management can be included depending on the facility type and the lender.
  • Real-time, online interactive reporting is often available.
  • It may provide the business with access to more capital.
  • It’s flexible – financing ebbs and flows with the business’ needs.

It’s important to note that there are some circumstances in which equity is a viable and attractive financing solution. This is especially true in cases of business expansion and acquisition and new product launches – these are capital needs that are not generally well suited to debt financing. However, equity is not usually the appropriate financing solution to solve a working capital problem or help plug a cash-flow gap.

A Precious Commodity

Remember that business equity is a precious commodity that should only be considered under the right circumstances and at the right time. When equity financing is sought, ideally this should be done at a time when the company has good growth prospects and a significant cash need for this growth. Ideally, majority ownership (and thus, absolute control) should remain with the company founder(s).

Alternative financing solutions like factoring, A/R financing and ABL can provide the working capital boost many cash-strapped businesses that don’t qualify for bank financing need – without diluting ownership and possibly giving up business control at an inopportune time for the owner. If and when these companies become bankable later, it’s often an easy transition to a traditional bank line of credit. Your banker may be able to refer you to a commercial finance company that can offer the right type of alternative financing solution for your particular situation.

Taking the time to understand all the different financing options available to your business, and the pros and cons of each, is the best way to make sure you choose the best option for your business. The use of alternative financing can help your company grow without diluting your ownership. After all, it’s your business – shouldn’t you keep as much of it as possible?