Post about "Software"

Business Capital Solutions In Canada: Accessing Proper Cash Flow & Commercial Financing

Business capital requirements in Canada often boil down to some basic truths the business owner/financial mgr/entrepreneur needs to address when it comes to financing for businesses.One of those truths? Knowing the true state of their financial condition and what financing they do and don’t qualify for when it comes to meeting commercial lending requirements in Canadian business.Business Loans In CanadaWhether you are smaller or start-up firm looking for information on how to get a business loan or a larger established firm looking for growth financing or acquisition opportunities we’re highlighting 3 mistakes that commercial loan seekers like your company need to avoid making when addressing, sourcing and negotiating your cash flow / working capital and commercial financing needs.1. Understand the true condition of your company finances – These are almost always successful addressed when you spend time on your financials and understand how your financial statements reflect your access to commercial loans & business credit in general2. Ensure you have a plan in place for sales growth and financial needs as it relates to commercial financing3. Understand that actual hard facts about cash flow which is, of course, the lifeblood of your companyCan you honestly answer or feel positive about all those 3 points. If so, pass Go and collect $ 100.00!A good way to address your company’s finance plans is to ensure you understand growth finance solutions, as well as how to manage in a downturn – i.e. not growing, losing money, etc; It’s never fun to fund yourself in an economic or industry downturn such as the COVID pandemic of 2020!When we talk to clients of new or established businesses it seems they are almost always talking about sales, so the ability to understand and focus on the differences in their profits and cash fluctuations is key.How do cash flow and sales plans and projections affect the type of financing you require? For one thing sales growth usually starts out by consuming your cash, not generating it. A poor finance plan will drag your business down and addressing financing simply gets tougher and tougher.Three basics always emerge when it comes to your search for the right business capital and financing.1. The amount of financing you need2. The type of financing (debt/cash flow/asset monetization) The business loan interest rate will be dramatically affected by whether you choose traditional or alternative financing solutions. Private business loans in Canada come from non regulated commercial finance companies most often known as ‘ alternative lenders ‘. These lenders are typically highly specialized in one ‘ niche ‘ of business financing and may be Canadian firms or branches of U.S. banks and non-bank lenders3. How the financing is structured to be manageable with your day to day operationsWhat Finance Company In Canada Can Meet Your Borrowing Needs & Why Is Capital Important In BusinessLet’s identify and break down key financings your firm should know about and understand if they are applicable and achievable to your business. They include:A/R Financing / Factoring / Confidential Receivable FinanceInventory finance / floor planning / retail inventoryWorking Capital term loansUnsecured cash flow loansMerchant working capital loans/advances – these loans are geared toward short term cash needs and are typically one year in duration. Loan amounts are typically 15-20% of your annual sales revenues.Royalty financeAsset based non bank business lines of creditTax credit financing (SR&ED bridge loans)Equipment Leasing / Sale leasebacks – Equipment financing in Canada is used by almost 80% of all companies looking to acquire new, and used, assets.Govt Guaranteed Small Business Loan program – Government Loans in Canada are sometimes referred to as ‘ SBL’, aka Note: BDC Finance solutions are available from this Canadian non-bricks and morter crown corporation. A small business loan via the government-guaranteed loan program comes with true flexibility around term loan duration, market rates, no pre payment penalties, and of course the low personal guarantee that is required by borrowers. These two ‘ government ‘ loan solutions are often perfect for financing a new business.If you’re focused on not making mistakes in your business finance needs and want to capitalize on the solutions your competitors are probably already using seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your cash flow and commercial financing needs.

A New Definition of Technology – The Scientific Texts That Guide Human Activity

The advances in technology will send humans to Mars in the near future. Internet of things, 5G, artificial intelligence, automated driving, and so on and on, probably no one is able to list all the new technologies that are emerging. The complexity of the technological world is wonderful but just as bewildering, and difficult to grasp. Yet, the researchers, engineers, and technicians just need to focus on their own portion of the work. The complex robots are composed of smaller functional units that are manageable by the respective professionals. They are guided by scientific texts and in the minds. Despite the complexity of technologies, they will finally be traced to the simple origin in scientific texts.

Wikipedia defines technology as “Technology is the sum of techniques, skills, methods, and processes used in the production of goods or services or the accomplishment of objectives, such as scientific investigation.” In the bing.com search, technology is defined as “the application of scientific knowledge for practical purposes, especially in industry.” The definitions are broad, seemingly to include all useful ways of humans achieving something. Indeed, technology is itself a broad term with many valid definitions. Both definitions are correct in that they describe facts. But they don’t explain the meaning of the terms such as “techniques”, “application” and “scientific knowledge”, which are vague terms and could involve all the things in the universe.

Since we defined science in terms of texts in the paper “a new definition of science – the textual foundation that represents the real world”, technology should also be defined in terms of texts due to its scientific nature. Science and technology are closely related and inseparable in the modern world.

1. Scientific texts – the core of technology

We consider texts as the core of science, which should also be in the core of technology due to the essentially same nature of science and technology. Now we are not repeating the textual nature of science/technology, interested readers can refer to our article “language – the core of science”.

Science is able to represent everything, including human behavior. Not only natural phenomena are represented and accumulated, so are human activities. The procedures, methods, details of making achievement are recorded in texts, which are then established as representations. With the textual representations, human activities are organized, classified, and building upon existing known technologies.

Characteristics of technology

Usually, technology is viewed from the angle of its effect on the societies, such as its relations with culture, its practical use, its relation with the economy, politics, etc. These are more of its manifests than its essence. They are of non-textual nature or centered on non-texts. Attributing the characteristics of technology to the various aspects of societies not only complicates the issue, leading to endless interactions but also switch people’s intentions away from technology’s true nature.

Facing the complexity, variations of the ubiquitous and ever-changing technologies, we should think deeply into the characteristics common to all technologies, which texts possess. Represented by texts, technology gets its essential features common to all technologies.

Technical documentation

Methods, skills, materials, procedures, principles, and so forth, all need to be documented for understanding, learning, communication, and recording purposes. User manuals, technical specifications are usually the first stuff needed by customers and engineers, either during product shipment or during product development stages. Technical documents even describe a product more accurately than the product’s actual operations. Despite the complex operations, deviation in operating conditions and by different individuals, abundant materials, changing personnel, documents are relatively stable, simple, accurate, reliable, and explanatory.

Again, it should be emphasized that scientific texts take effect in mind. The technical documents should take effect in mind and don’t equate to the technological texts in mind.

2. Differences between science and technology

It is needed to find the differences between science and technology. Although they have the essential cores, their appearances and emphases are different to account for various aspects of the human world.

Science and technology have similar branches and knowledge. The main difference between science and technology is their goal and objective. Science’s purpose is to observe and explain, while technology aims at taking action and making changes. Their direction is opposite to each other. Science is more of observation, while technology emphasizes action. The same texts can be considered as science or technology depending on the objective and usage. For example, the law of motion is itself a science, but it becomes technology when being utilized to make and operate machinery.

Technology is tightly associated with the man-made world. Human activities have changed the world’s appearance and the way people live. These are the direct result of technologies, although it can also say the people applied science to achieve all these. By intuition, science is a deeper and basic level of knowledge, while technology is more associated with direct applications. Science tends to be fundamental while technology tends to be detailed. But texts play an equally central role in their formations.

Nowadays, information spreads instantly; products are transported speedily. People increasingly lived in environments surrounded by machine-manufactured products and constructions. It became easier for people to achieve their goals by employing existing knowledge and tools. On the other hand, many curiosities can be answered by entering questions into search engines, in seconds. It seems everyone possesses enough knowledge. All one needs is to take action. As a result, more people became action-oriented, the term “technology” is becoming more popular than the term “science”.

3. The text-based definition of technology

Regarding the essential nature of and differences between science and technology, now we provide a new definition of technology as:

The scientific texts that guide human activity.

This definition contains two points:

First, technology is scientific texts.

Second, these texts are employed as guidance.

Our definition doesn’t attempt to invalidate current definitions. Instead, we view from a different angle, focusing on a deeper level, situating on the text-centered model of the world.

Usability of technology

Usually, human activities are purpose-oriented. Hence, technology usually has practical applications. But the extent of application varies depending on specific technologies. Also, a technology useful on one occasion or for some people might not be useful on another occasion or for other people. The activities might be beneficial or bad for society.

Possible extension of the definition

Animals and machines might employ technology in the future and probably currently, such as AI. In those cases, scientific texts exert their effect not directly via human activities, but via animals or machines. Their use of technology is imitations of human intelligence, without essential differences. The definition could be expanded to all human and non-human activities that are guided by scientific texts.

Unifying the non-textual technology with textual technology

People might argue illiterate societies and even animals possess some form of technology, although not so advanced as the modern form. Without going into deep confusion with endless, some are ambiguous, examples, we focus on principles. Sequentiality, clarity, and representation of reality are the three defining features of science. Modern, true-sense technology also possesses these features. In essence, the technologies in illiterate societies also came from the sequential minds with scientific properties in primitive form, which manipulate non-texts instead of texts, in a less efficient/effective manner. Scientific texts truly demonstrate those properties, facilitate visual processing, and make progress in the capability of human minds.

4. A text-centered model of science and technology

We can now propose a text-centered model of science and technology that starts from investigative observations, which derive scientific/technological texts, which in turn lead to actions through proper application. That is to say, science and technology are both integrated into the texts. If the purpose is in the non-text to text direction, focusing on deriving theories, these texts are more about science. If the purpose is in the text to non-text direction, focusing on taking action, these texts are more about technology. The actions change the environment, which becomes a new subject of observation, leading to the derivation of new scientific/technological texts. In this way, scientific and technological activities form endless iterations, surrounding texts in the center.

5. Conclusion

By this new definition, the nature of technology is made known. The relation between science and technology is defined and integrated into the texts. The complexity of understanding technology is reduced. A new basis is provided for future discussion of our technological world.