Archive for the ‘Business-Industry’ Category
Comparing Business Credit Cards Can Help Owners Save Money
Business & Industry
If you are a business owner, you understand that every decision you make is a huge one.? The wrong decision can mean failure for your business, while the right one can catapult it to the head of the competition.? You may not realize it, but choosing a business credit card is just as critical of a decision as any that you will make as a business owner.? Therefore, it is important for you to know how to compare business credit cards in order to find the one that is right for you.
Credit Limits
The first item to look at when you compare business credit cards is the potential credit limit of the card.? Many have a minimum and a maximum potential credit limit.? You should have a good idea before researching business credit cards of how much you need the credit limit to be.? If the maximum potential credit limit is not enough, then move on to the next credit card.? Similarly, if the minimum credit limit is far more than you need, you might also want to pass. ?
Both extremes are not good for a business.? A credit card that does not give you a high enough limit will force you to use more than one business credit card, which makes keeping track of expenses far more difficult and confusing.? At the same time, having too much credit makes it easier to spend beyond your means, potentially bankrupting your business.? Think smart when getting a business credit card and find one that offers a credit limit that is best for your business.
Interest Rates
When you compare business credit cards, you absolutely must consider interest rates.? More than likely, you will not be able to pay the balance off in full each month.? This is common with a business, particularly one that is just starting out, because money is tied up in the business and unavailable for paying the balance off each month.? Therefore, you need to find the business credit card with the lowest interest rate in order to save your business money.? Obviously, if you business is financially stable enough to pay the bill at the end of each month, you don’t need to concern yourself with the interest rate.? The key is to assess your business situation openly and honestly in order to determine if you will carry a balance or not.
Rewards Programs
Many business credit cards offer special rewards programs.? With these programs, you may be able to receive free or reduced goods and services, such as airline travel or office supplies.? At the same time, business credit cards with reward programs tend to have higher interest rats.? Therefore, it might be best for you to pass on one of these cards if you intend to carry a balance on your card from one billing cycle to the next.? When you compare business credit cards, be sure to compare the interest rate to the benefits supplied by the rewards program in order to determine if the payout is worth the pay-in.
Additional Benefits
Business credit cards, like regular credit cards, can have a number of additional benefits associated with them, such as travel insurance, extended warranties, and purchase protection.? The exact benefits, however, vary from card to card.? Even cards issued by the same lender do not necessarily have the same benefits.? When you compare business credit cards, consider these benefits carefully and find out as much as possible about these benefits.? For example, learning that two business cards each offer travel insurance is not enough.? Find out how much travel insurance is supplied.? One may only offer $100,000 while the other offers $1,000,000.? If that $1,000,000 travel insurance is important to your business, then that card may be the best choice for you.? On the other hand, if you only need $100,000 in insurance, the $1,000,000 may not be so impressive.
About the Author
For more information on how to contrast and compare business credit cards in order to help secure the best card offer for your business, Steve Bert recommends that you visit CreditCardAssist.com.
Coping with Stress Working at Home
Business & Industry
So what is working at home, and coping with stress, really all about? The following reports includes some fascinating information about working at home, and stress – info you can use, not just the old stuff they used to tell you.
Most of us have been stressed working at home at some point. Aside from the stress of having to find new clients and new jobs, we often encounter stress because jobs come in mad, occasional bursts. Some days our to- do list is almost empty, and the following days it seems like we can hardly keep up.
Deadlines can be overwhelming, and when one is affected, effectiveness plunges. The brain is no longer focused on creativity and action.
When stress level stack up, here what to do. First, reduce stress by… Stopping. Sounds a bit basic, and it’s really hard to do, just stop. Stress can cause health problems or make problems worse if you don’t learn ways to deal with it.
The next step is to find a way to deal with your stress. A simple way is to avoid the circumstance that leads to our stress–but often this is not feasible. Another way is to change how we react to stress. This is often the best way.
Well, it’s time to take heart and set a few simple strategies in place that will keep us in control of our time…and our sanity.
Tips for dealing with working at home stress-
1) Eat a healthy, balanced diet rich in fruits and vegetables. Reduce or eliminate caffeine (coffee, black and green tea, cola drinks, and chocolate). Because caffeine is a stimulant, it can make you feel more anxious.
2) Exercise. It relieves tension and provides a timeout from stressful situations.
3) Try to take time everyday to slow down and do something you enjoy, even if it is just for a few minutes. Reading a magazine, playing with your dog, listening to music, reading a book or any other activity that helps you forget the stresses of your day can calm you and help you remember what is important.
4) Work at being cheerful and optimistic. Use humor to lighten difficult situations.
5) Take very long, relaxing deep breaths anytime you notice you’re feeling stressed.
6) If the nature of any of your tasks allow it, call upon a colleague who can help you. If you’ve never done this before, now is the perfect time to start. The nice thing about this sort of arrangement is your colleague will most likely send jobs your way when he or she gets overloaded.? (Warning: do not hand over tasks that must be carried out only by you as the principal of the business. Your reputation is important.)
7) Organizing and simplifying your life. If one of your main sources of stress is the sheer number of things that need to be done, getting organized should help you feel more at peace. A good sense of organization will also make you more efficient. Simplifying your life also should help you feel less overwhelmed.
Set Achievable Daily Goals. If you finish a task ahead of schedule, start the next… but stick to a definite cut-off time each day. What you are doing this week is set up a system that will continue to work for you.
Follow these tips and before you know it, your home business dream will be on track once again.
That’s how things stand right now. Keep in mind that any subject can change over time, so be sure you keep up with the latest news.
About the Author
Amrou Sukhon is an internet marketing expert who has successfully promoted many different affiliate programs, and Helping all who are determined to succeed.
Work at Home Opportunities
Corporate Governance and its Development
Business & Industry
There is no doubt that interest in corporate governance has substantially increased in recent years. Not only have separate states adopted their own corporate codes but also changes in corporate governance are directed at a global level. For developing economies, corporate governance helps to achieve stable economic growth by means of effective management of corporations and, to some extent, governments (Bushman and Smith 2001). Countries which already possess advanced corporate governance standards strive to strengthen adherence to them. It goes without saying that the catalyst of the process was the corporate and financial collapse of Enron. The crash of this company illustrated that even a company with good financial results might go bankrupt if it lacked solid corporate governance mechanisms guaranteeing trustworthy work of non-executive directors, auditors and the board of directors. Following the scandal, the regulators all over the world developed a number of policies to prevent further failures (Papers4you.com, 2006). Among the most influential documents are the Sarbanes-Oxley Act of 2002 and the Higgs Report of 2003.
So what is corporate governance? There exist numerous definitions of corporate governance, though most of them can be divided into the so called “narrow” and “broad” views (Shankman 1999). The former emphasizes the role of corporate governance in improvement of the relationship between an enterprise and its shareholders. In other words, the main stress here is on resolving the agency problem. On the other hand, the latter and more modern approach states that corporate governance facilitates relationships not only between a company and its shareholders, but also between different stakeholders in the company, including employees, customers, suppliers, bondholders and the government. Therefore, corporate governance becomes important for the society as a whole (Papers4you.com, 2006). There is growing evidence that recent changes in corporate governance make its practical realization conforming to the second view.
It is interesting to look at the most pronounced tendencies in corporate governance development. First, it is increasing institutional investor activism. Big asset management funds, pension funds and other institutional investors now not only passively wait for return on their invested funds, but discharge accountability, for instance, when it comes to directors’ remuneration. Second, there is some evidence of harmonization in corporate governance standards. This process is led by globalization of international trade and financial activities. As a result, many countries adopt the OECD (1999) principles of corporate governance, which predominantly represent an Anglo-American style of governance. However, due to significant political, legal, religious and other differences between various countries it is difficult to expect a high degree of convergence. Third, the scope of corporate governance goals has also increase. Nowadays, managers of corporations make decisions taking into account corporate social responsibility. In other words, social and environmental issues now increasingly determine how well the company performs (Alexander and Buchholz 1978). To sum up, corporate governance in the 21st> century is the system of checks and balances which ensures that business entities act in a socially responsible way in all their endeavors, while maximizing shareholders’ value.
References
Alexander, G. J. and R. A. Buchholz (1978). “Corporate social responsibility and stock market performance.” Academy of Management Journal 21(3): 479-486.
Bushman, R. M. and A. J. Smith (2001). “Financial accounting information and corporate governance.” Journal of Accounting and Economics 32: 237?333.
Papers For You (2006) “C/F/119. Globalization and Corporate Governance”, Available from http://www.coursework4you.co.uk/sprtfina23.htm [19/06/2006]
Papers For You (2006) “P/F/397. Corporate governance and Sarbanes Oxley Act law”, Available from Papers4you.com [19/06/2006]
Shankman, N. A. (1999). “Reframing the debate between agency and stakeholder theories of the firm.” Journal of Business Ethics 19: 319?334.
About the Author
Copyright 2006 Verena Veneeva. Professional Writer working for http://www.coursework4you.co.uk
Corporate Team Building Events: Throw ‘Distancing’ to a Distance
If someone just studies a few recent corporate recruitment advertisements, there will be at least one thing he or she will find common in almost all of them. The recruiters are putting much emphasis on hiring a one-team man rather than a one-man team, in the management category at least.
In accordance to this shift, the office atmosphere is changing too. CEOs of the companies at present are accessible to general employees more than ever before. The visual distance is cut short. Office decorations are changing with more and more interlinked and free sitting arrangements. At this age, one can never ignore the psychological affect on human beings created by the respective surroundings.
The corporate houses these days are spending huge amounts to unite the workforce into an active team. Active and spontaneous participation of employees in both internal and external affairs of the company and even in the decision making process are regarded as the path of progress.
The main problem in the corporate team building process namely ‘distancing’ is predominantly inherent in employees’ as well as in the employer’s psyche. It is one of the basic instincts of human beings.
The primary team building process is constantly fighting to throw away ‘distancing’ to a great distance. The ideal corporate team building events concentrate on bringing together employees who do not always get the chance to come in close, if not in personal contact with each other.
The prime ideological stand is that, if an employee does not know his or her co-workers then he or she cannot actively participate to boost up the company profile and morale as a whole. It is all about fixing the SELF, not into the category called OTHER, but under the umbrella named WE.
The corporate event management companies divide the employees into various groups. Apparently, it seems that the process is breaking the basic notion of team building activities, but in fact, it just adds to the notion.
The participants here never feel rivalry among themselves. They are conscious that it is merely a game though they need to win. Thus, they fail to concentrate on the issue that it is a part of the team building exercise tailored by the company. This lack of concentration on the subtle issue ultimately does the trick. The idea of the team is built in the consciousness of the participant that excludes the visual divisions.
The job is done.
However, a Corporate Hospitality Company must be cautious of the standard and socio-cultural background of the participants. Otherwise, the whole process may go in vain.
About the Author
Peter Mason is an investigative freelance writer and writes on behalf of the owner of Team Tactics – http://www.teamtactics.co.uk/ a corporate hospitality and team building company in the UK, provide bespoke corporate team building events, corporate entertainment and event management focusing on team building days and team building ideas. Team Tactics is specialised in providing team building company events, for instance, corporate fun team building activities and fun events.
Create a Marketing Plan in Five Easy Steps
Many small businesses are busy with day-to-day activities with no time left over to create a marketing plan to follow. Well, summer is a great time to put together a plan that will help build your company’s image and provide guidelines for marketing your business for the second half of 2006.
Step 1: Determine Your Value Proposition What makes you better and more valuable to your customers than the competition? What is your major selling advantage? How do you solve the problems facing your customers? Write down the answers to these questions, then write a summary of them. Try to narrow in on your value proposition until it is a concise statement of 1 or 2 sentences.
Step 2: Create a Brand Identity for Your Business All of your marketing and promotional materials should have a consistent look and feel, and also have a consistent message. Logos are important; if you don’t have one, consider having a professional create one for you. Also think about coming up with a tag line or slogan.
Step 3: Develop Your Web Site It is an expectation today that even small businesses have a company web site. Visitors must be able to quickly find information about your company, where it is located, and how to contact you for more information. It’s okay to start small and add features and content as your business grows, but make sure you have a professional, useful web site available as soon as you can.
Step 4: Create a Marketing Kit We are all familiar with the standard “leave-behind” brochure, but for small businesses it can be an expensive investment that becomes outdated very quickly. A more useful approach may be to create a marketing “kit” as an alternative. Try using a regular manila file folder with a color label on it that has your company name, logo, and slogan. Then add an introduction letter, a data sheet of products and services, a press release, a short biography or history, a current company newsletter, and any other collateral that makes sense for your business. This way, your information is “file-cabinet-ready” instead of ready for the “circular file, ” making it more likely to be read and saved.
Step 5: Promote and Advertise Map out a plan to do something each week (or month) to help promote your business. Send out press releases, sponsor community events, and place ads in local newspapers or industry magazines. It takes approximately six impressions before a customer will begin to remember your company and what it does. Be creative – think of ways to be visible and active in your community, and don’t forget to look for opportunities on the web, too. If you need some online promotion ideas, check out the March 2006 issue of Biz Talk (available in our archives).
About the Author
Lauren Hobson
business for sale
selling a business
email: hansi_demark@yahoo.com
Creating Competitive Edge through Continuous Innovation
Organizations around the world have claimed that they are ‘innovative’ businesses as they are creative (Papers4you.com, 2006). However to gain a competitive edge, it is imperative to realize that innovation always implies one step ahead of creativity where later is only an essential component of innovation. Creativity is merely an ability to combine ideas in a unique way or to associate ideas in uncommon manner , however innovation on the other hand is the ‘process’ of taking a creative idea and turning it into a useful product or service ( Robbins & Coulter, 2002). Such process involves inputs like creative individuals, organization and groups that can carry transformation through creative process and situation to give creative products as outputs (Woodman et al, 1993). Furthermore, it is also important to realize that such process should be on continuous basis as true innovative marketing involves regular efforts to gain real improvements in all dimensions related to products and services (Kotler & Armstrong, 1999).
There can be numerous examples of companies that came up with new innovations and get a huge competitive edge and attracted large number of customers (Papers4you.com, 2006). For Instance, years ago, diabetic patients were deprived of tasting sugar in tea or coffee etc. Suddenly low calories sweetener products like ‘Canderal’ came up with an innovative idea to give diabetic and fat conscious patients taste of sugar in various items without disturbing their sugar level. Such products captured market of diabetic patients all over the world. Example of Procter & Gamble’s Liquid Tide is argued as one of the best cases of innovation in US market. Initial endeavors to compete years of Lever Bros market leading liquid detergent product ‘Wisk’ turned out to be huge failure. However by adopting creative idea of adding 12 cleaning agents (that are double than normal) , a dirt trapping molecule in wash water and by giving same color to bottle that is trademark of Tide powdered detergent ( for maintaining brand awareness) and then transforming it into product ‘ Liquid Tide’, P & G challenged many successful years of ‘Wisk’ by capturing equal market share in just 18 months (Kotler & Armstrong, 1999).
Apart from getting edge, there are certain other benefits of innovation. It helps in creating flexible and more adaptive business processes with changing business environments, faster and accurate actions are possible as it requires real-time decision making and due to regular analyses and control, it allows companies to better anticipate disruptions in day-to-day business operations that helps in taking proactive and quick measures to improve results (IBM, 2006)
Hence it may be concluded that instead of relating innovation with creativity only, organizations can get competitive edge and success if they take innovation as a continuous process of product, services and operations with creativity as a key component.
References
IBM (2006), ‘Transforming businesses for innovation and improvement’, New York: IBM Corporation
Kotler, P & Armstrong, G, (1999), ‘Principles of Marketing’, Eight Edition, New Jersey: Prentice- Hall Inc
Papers For You (2006) ” C/OM/33. Does innovation necessarily lead to commercial success? “, Available from http://www.coursework4you.co.uk/sprtopem3.htm [19/06/2006]
Papers For You (2006) ” S/B/86. The changing role of innovation S/B/86. The changing role of innovation”, Available from Papers4you.com [19/06/2006]
Robbins, S, P & Coulter, M, (2002), ‘Management’, Sixth Edition, New Jersey: Prentice- Hall Inc
Woodman, R, W, Sawyer, J, E & Griffin, R, W, (1993), ‘Toward a Theory of Organizational Creativity’, Academy of Management Review, April, 1993: 309
About the Author
Copyright ? 2006 Verena Veneeva. Professional Writer working for http://www.coursework4you.co.uk
Credit Rescheduling
Many people let their finances get a little out of hand at some stage. It’s just a fact of life that today, with all the credit that lenders throw at us, and the amount of temptation out there to consume and buy more, that we end up spending more than we have. Indeed, with lenders advancing more and more credit to all types of applicants, no matter what they’re situation, credit problems are one of the fastest growing causes of stress in the country. Part of the problem is over spending habits, part of the problem is irresponsible lending, and the rest is just bad luck or bad timing. But like it or not, almost all of us are going to let our credit get a bit away from us at some point.
Repayments
So what do you do if it starts to get more and more difficult to meet repayments? Well you have a number of options. The first, as always, is to do nothing. Just ignore the problem and hope it goes away. The main problem with this option is the problem never really goes away. Unless your willing to go through months, and perhaps years of notices, threats, debt collectors and worse, simply ignoring the problem will not be an option.
Consolidation of Debts
Another option is debt consolidation. This is when you take out a relatively low interest loan and use it to pay off all your other debts. Then you are only left with the debt consolidation loan, which should be one easy and manageable payment. The danger of debt consolidation is that you usually need to own your own home and be willing to offer your home as security for the loan. This put your home at risk of repossession if you fail to make your repayments. The other problem with debt consolidation is that it often allows people to fall into even further debt as they now feel they can afford it.
Can’t Pay
One of the best options available to you is to simply call up your creditors and tell them you’re having trouble meeting your repayments. Many of them will be far more willing to deal with a cooperative debtor who is in trouble than you’d think. In most cases, the alternatives to dealing with you, such as debt collection agencies, are a very unattractive option, and if they feel that you are making real efforts to pay of the loan, they will be willing to cut you some slack. If your debts are getting out of hand, call your creditors and see what can be arranged.
About the Author
Joseph Kenny is the webmaster of the loan information sites http://www.selectloans.co.uk/ and also http://www.ukpersonalloanstore.co.uk. At the Personal Loan Store you can find all the different loan types explained.
Currency Trading is not the Monopoly of the Nerds and the Geeks
The general perception is that any and every person who is involved in the business of trading of currency or foreign exchange is a person who has a super high IQ. To hear words and phrases like liquidity ratio, central bank intervention and inflationary demand makes us feel as if we are back in the boring and inherently avoidable lecture on economics that we were forced to attend in our college.
However, all these preconceived notions apart, forex or currency trading is not the domain for the super intelligent alone.
There is no doubt that you need brains to get involved in forex trading. Then, I bet you cannot name a single sphere of human activity that does not need the application of one’s mind. A bit of brains and lot of research can help you make a tidy sum in currency trading.
Till recently, the forex trading market was not open to individual investors. To take part in the process of buying and selling of currency, you either had to be a big bank with lots of deposits and assets under your belt or you had to be a big financial institution that carried out the business of trading in forex as its primary activity. Today you do not need a lot of capital to earn money in currency trading. A few thousand dollars as the initial capital is sufficient to get you started.
The advantages of trading in currency are manifold. The biggest advantage is that the currency trading market is a market that remains open round the clock. No other financial market stays open and operation twenty-four hours a day. This round the clock functioning results in constant and immediate reflection of economic, political and social events. A smart investor can take advantage of the fluctuation to make huge profits.
Further, the forex market works without any centralized exchange. There is direct interaction between the persons involved in currency trading over the telephone or electronic network.
However, just because it is easy to enter the currency trading market does not mean it is easy to make profit in the currency trading market. It is very important to possess knowledge of the forex market. You will have to grasp and establish your command over basic concepts. You will have to understand the significance of the technical indicators of the functioning of the forex market. Trying to gain complete knowledge of the currency market without actually entering into the field is like trying to learn swimming without entering the water.
By arriving at a judicious combination of knowledge, instincts and risk, one can make a lot of money in the currency trading market, or the forex market as it is known as, with very little initial investment.
About the Author
Sara Chambers is a marketing consultant and an internet content manager for http://www.forextradingstrategiesblog.com
David Morse & Associates Helps Consumers Fight Fraud
“At any given moment, newspapers in dozens of cities across the U.S. feature stories about insurance fraud,” says Tom Reitze, President of David Morse & Associates (www.davidmorse.com), providers of third-party administrator services, field adjusting services, specialty claims services, and fraud investigations. “Most consumers don’t realize that 25 percent of their insurance premiums are ultimately used to pay fraudulent claims.”
Indeed, in San Jose, Calif., 25 people in an auto fraud ring were recently indicted for allegedly staging and reporting two dozen fake car accidents during a five-year period, bilking insurance companies out of an estimated $400,000. David Morse & Associates and other companies provided critical information that led to the arrests and indictments. In Bridgeport, Conn., a woman was recently convicted of torching her home in order to collect from her homeowner’s insurance policy. And, in Sutton, Mass., a man pleaded guilty to worker’s compensation fraud for collecting $70,000 in disability benefits while secretly working in a physically demanding job.
According to Reitze, David Morse & Associates is committed to combating insurance fraud, which ultimately helps consumers by keeping insurance premiums in check. “The premise of insurance is pooled risk, but when the bad guys bilk insurance companies, honest people suffer through higher premiums,” he says. “That’s why our fraud investigation unit prides itself in catching fraudsters in the act.”
Reitze readily recalls any number of claims where David Morse & Associates fraud investigators and adjustors employed dogged legwork, quick thinking, and expertise to keep their clients from being defrauded and help honest consumers in the process.
In one instance, a David Morse & Associates investigator was assigned to a person alleging total disability who happened to live in a rural farming community. The investigator was inventive in locating the residence of the man, but when he was not at home, the investigator had to turn to townspeople for help. The investigator was told that the “disabled” claimant was building a house in a nearby town. Reitze points out with pride, “Although the investigator was required to videotape the man, he found himself in the midst of fields, with no place to hide his vehicle. Using his imagination, he staged a vehicle breakdown on the side of the highway, and managed to capture video of the man bouncing around over rough ground on a tractor and manhandling bales of hay. Thanks to the inventiveness of the investigator, the videotape was enough to end the disability claim of the farmer.”
In another situation, a David Morse & Associates truck adjustor found himself at odds with the California Highway Patrol. After a tractor-trailer collided with a van and overturned on a Los Angeles freeway, the CHP made a determination that the rig had been speeding. Although the adjustor knew that the truck had an engine governor that prevented it from speeding, the CHP wouldn’t budge, exposing the trucking company to a million-dollar liability suit. The relentless adjustor duplicated the conditions with a replica truck and load, and had a CHP expert ride along, which convinced the CHP that the truck wasn’t speeding. Following his suspicion the van was actually backing up on the freeway when it was hit, the adjustor consulted with David Morse & Associates’ reconstruction engineer. His theory was confirmed when the lab discovered the telltale signs of stretched filaments in the van’s taillights, indicating that the van had been in reverse and the backup lights were on at the time of impact. Because of the adjustor’s diligence, the million-dollar claim was arbitrated for a relatively small amount.
Notes Reitze, “The adjustors at David Morse & Associates know that doing the right thing also means stepping in and helping people who are legitimately injured.” When they do so, it often helps both the injured person and David Morse & Associates’ insurance client.
As an example, a truck driver was making a turn and didn’t see a pedestrian in the crosswalk. The truck screeched to a halt, but the man was knocked backwards and struck his head on the pavement. The David Morse & Associates adjustor arrived on the scene quickly, only to find passersby surrounding the man trying to get him an attorney. Although the man refused ambulance services, the adjustor could see that he was shaken and concerned. The adjustor quickly came up with a solution and drove the pedestrian to the Emergency Room himself. Moreover, the adjustor arranged for the client’s Safety Director to pay for the $2,000 medical bill. The pedestrian was given a clean bill of health and was pleased with the outcome and attention he received.
The corporate culture at David Morse & Associates can be summed up by the maxim, “doing well by doing good.” With 42 branches in 16 states, the company values the expeditious and personalized service they provide to their clients. “In the process, we do our part to help fight insurance fraud, which benefits both insurance companies and consumers,” concludes Reitze.
About the Author
Press Direct International (http://www.pressdirectinternational.org) is a global information website providing reliable information tailored for professionals in financial, media and corporate markets. Senior Editor: Kris Nickerson.
Determining the correct size of Grease Traps
Restaurants and other food service businesses generate literally tons of cooking oil, grease and food wastes every day. If this waste is not managed properly, it can cause major environmental problems. Much of the waste is in solid form and can be safely put in packages and placed in the trash. Liquid waste containing oil and grease dumped directly into the sewer, however, can block the system and cause wastewater to flow back-up .To avoid this you have to install and properly maintain a grease trap.
Grease traps capture the oil and grease from the flow of wastewater by slowing down the flow of hot greasy water through the grease trap (actually a tank) and allowing it to cool. As it cools, the grease and oil separate out of the water and float to the top of the trap. The cooler water continues to flow down the drain pipe to the sewer while baffles prevent the accumulated grease and oil from flowing out of the grease trap. The size of the grease trap depends largely on how much waste your business produces and how often you perform trap maintenance. Grease traps may be located inside or outside of the building. Traps that are located inside the building tend to be smaller and require more frequent maintenance. Traps that are located outside the building tend to be larger and may be less disruptive to maintain. Outside grease traps will operate differently in winter versus summer and are more prone to clogging during cold weather. As a business owner/manager, you should know where the grease trap, drain lines, and clean-outs are located at your restaurant.
Proper cleaning and maintenance of the grease trap and drain line reduces the amount of solids and grease going into the public sewer system and minimizes the likelihood of back-ups or blockages. Some sanitation districts and/or municipalities require grease traps and periodic maintenance and inspections for specified businesses. This is because untrapped oil and grease in the wastewater decreases pipe capacity over time and eventually will cause the pipe to clog. Piping systems without grease traps need to be cleaned more often and some piping may have to be replaced sooner than otherwise expected. Excessive grease sent to the wastewater treatment plant can also overload their system and cause the facility to exceed its allowable discharge limits. Running extremely hot water down the drain only moves the problem down stream, and may only make it worse. Fixing a sewer line blockage can be expensive, both in terms of potentially lost customers and repair cost. If the pipe clog is within your building sewer line, you will be responsible for fixing the problem and paying all costs. If the clog is in the public sewer line, but can be traced to your restaurant, you will be liable for paying all or a portion of the repair costs. Accumulating the oil and grease close to the source in a properly maintained grease trap is the most cost-effective way.
There are several ways to maintain a grease trap and dispose of the wastes. Your decision will likely be based on cost, availability of services, and disposal/ recycling opportunities in your area. Most restaurants hire a professional pumping service to remove the waste from the grease trap and dispose of it properly. Some areas have service companies that specialize in grease trap wastes, while other areas may have pumping contractors that service grease traps, sand traps, and septic tanks. Pumping service contractors can usually be found in the yellow pages of the telephone book under the listings for “Grease Traps and Service”, “Septic Tanks”.
To know more, visit: http://www.grease-trap-supply.com
About the Author
Grease Trap Supply is the leading online distributor of grease traps. Grease traps are commonly found in restaurants, fast food chains, mall snack shops, and other food related businesses. It is standard procedure and often a requirement to have a grease trap installed in any location where food is being prepared. A grease trap will eliminate grease and oil from wastewater which is exiting a building.