Showing posts with label Benefits. Show all posts
Showing posts with label Benefits. Show all posts

Tuesday, October 1, 2013

Gift cards

So what is the point of a gift card?

The point is to try and grow your business. This is done in 2 ways.
  1. Have a customer base that will spend money in your store and only your store.
  2. Have a cash balance sitting in a holding account accumulating a interest revenue very month/year that the money is there and unused.
     This is ideally a great idea to do. For not all gift cards will be used entirely up (Thus a small percentage of money is unused) thus the interest on the unused balance is a automatic profit for the company after a period of time as well as the interest accrued on that balance.

     Also for a percentage of people that do use the card('s) to get the benefit of the discount program albeit knowingly or unknowingly would and or are more likely to refill the card knowing that there is a balance of some sort on the card, thus getting the person to come to the place of business at least 1 more time if not more than that, thus a better chance of increasing customer loyalty and repeat business from someone that may of been a 1 time transaction.

In other terms
These become a long term repeat customer that is a guaranteed income over and over again.
This is the best type of customer no matter the business or the dollar value that is spent there.

     Then you have the people that will continuously refill the card for convenience instead of always using a debit/credit card and also better tracks the expense that is done there (Budgeting people).

But now the question posed is this.

     What is the increased benefit of a gift card that also has the benefit of a companies discount program attached to it!!!!

     Better advertisement of the company by the cheapest for of advertisement "Word of mouth".

     Now it is true a implementation of such a program is not easy to do if this was not done from the start of the discount program, however it can be phased in over a period of 1 year or less (depending on the size and regionalism of the company).

     Now there are people out there that work for these companies that say this would require too much extra work to have done.

     That simply is not true, most discount cards if not all can be swiped even if any of the items being purchased are not part of the discount program and no extra benefit is applied to the purchase.

     All that is required is for the gift card to be programmed with the generic code of all 0's or the like, thus when the card('s) are scanned the system sees the code and applies it as it would normally do for the normal discount card, if a discount is applicable the system would apply it if no discount is applicable then it does nothing as it already would do other than showing that the card was scanned and the balance does not change.

Tuesday, July 31, 2012

Gyms And Their Benefits Or Temporary Lack there of


Gyms And Their Benefits Or Temporary Lack there of
         So I have been wondering about this for a long time now. Why is it that gyms like Good Life Fitness (@GoodLifeFitness) do not take advantage of extra sources of energy for the operation of their gyms?.

         These days you see houses being built with solar panels on the roofs or in the back yards and even some but not many other companies do that as well, all in the response to the rising costs of power rates and to help reduce their monthly expenses.

         You can run allot of equipment with solar power, Water Heaters, Lights, Power outlets for other items and ETC.... The technology is also out there for human power to be converted to energy that can be used by electronics as well..

         So with that being said there are Close to 300 clubs across Canada Good Life Fitness, Just think how many other gyms that are out there as well that are not doing the same thing.

         Now Kudos have to go out to Good Life Fitness for going on UnderCover Boss Canada which aired Thursday March 22nd 2012 at 9PM. However allot of other companies have done the same thing.

         Now the other items that I have on my mind is the fact that all of the machines they have (Rower's, Elliptical's, TradMill's, Recumbent Cycle's Etc...) All of these machines can modified (Yes at a substantial cost) so that the energy that is created on them can be returned and stored in the batteries for the backup of the business location and energy can be returned to the power company for a credit to be applied to the power bill for that location.

         Now what would that mean for the business? Well it would be a large start up investment, however with quite a few of their locations being 24/7 and the close to 300 clubs in Canada of which they have 750,000 members (And Growing), That is allot of energy that is being wasted and not being put to good use. This would mean that over time the over head expense of the clubs they have would be lowered weekly/Bi-Weekly/Monthly/Quarterly/Annually thus this would allow them to take the extra profits that they have been able to acquire and put it in to more donations and foundations such as the (The Kilee Patchell-Evans Autism Research Group at the University of Western Ontario and The GoodLife Kids Foundation) and not to mention they can also lower their monthly gym membership fee's as well, that in turn would get them over time more members at a faster rate than they already have which

    in turn they would go from 1 in every 45 Canadians as members to a bigger ratio which is always a good thing. The more people that are part a of a gym that go to the gym on a regular basis have a better chance of having better health and well being (And no one can say that we don't as a society need to get in better shape). If McDonalds can be the official restaurant of the Olympics we might as well say is smoking is the official medicine of cancer.
       
         These are a listing of local gyms near me, to date I have gone to the Burnside 24 Hrs 4 Days/Wk (Main Gym for me and love it, always clean and friendly staff, When I went for my introduction with the personal trainer we were there 30 minutes or more past he end time for her shift but she had no problem with that at all) and the Scotia Square (Been their once, not impressed, was rushed out before closing, TV's were turned off at least 10 minutes before closing and that was after I was told they were closing soon, their Vending machine was out of order and bathroom was dirty; needless to say I showered when I got got home.) I am gonna try and get to the other gyms close by and see what they are like.

         Now to be fair this is my opion of the 2 gyms I have been to myself, I recommend everyone at some point try it out and make your own opinions, Good Life Fitness does provide a "3 Free Visit Pass" for everyone, the link to that is here for all to see and fill out. Link

    Club Info Source: Link

    Burnside 24 Hrs 4 Days/Wk
         202 Brownlow Ave. Unit CCY
         Dartmouth, NS
         Coed Club
          Tel:  (902) 481-2348
         Fax: (902) 468-2581
         burnside@goodlifefitness.com

    Scotia Square
         5201 Duke Street
         Halifax, NS
         Coed Club
         Tel:  (902) 492-9289
         Fax:  (902) 492-0110
         scotiasquare@goodlifefitness.com

    Penhorn Plaza 24 Hrs 4 Days/Wk
         555 Portland Street, Unit A015
         Dartmouth, NS
         Coed Club
         Tel:  (902) 464-5433
         Fax:  (902) 464-1619
         dartmouthpenhorn@goodlifefitness.com

    Park Lane
         5657 Spring Garden Rd.
         Halifax, NS
         Coed Club
         Tel:  (902) 425-2348
         Fax:  (902) 425-2877
         parklane@goodlifefitness.com

    Joseph Howe Drive Atlantic Superstore
         3601 Joseph Howe Drive
         Halifax, NS
         Women's Club
         Tel:  (902) 453-7724
         Fax:  (902) 455-5029
         halifaxjoseph@goodlifefitness.com

    Park Victoria
         1333 South Park Street
         Halifax, NS
         Women's Club
          Tel:  (902) 422-6696
          Fax:  (902) 406-3930
         parkvic@goodlifefitness.com

    Clayton Plaza 24 Hrs 4 Days/Wk
         70 Lacewood Dr.
         Halifax, NS
         Coed Club
         Tel:  (902) 457-2226
          Fax:  (902) 457-7377
         cpark@goodlifefitness.com

    Portland Landrance
         650 Portland St.
         Dartmouth, NS
         Coed Club
         Tel: (902) 435-0818
         Fax: (902) 435-3798
         portlandstreet@goodlifefitness.com





    How I feel After A Great Work Out At Good Life Fitness
    Written By Kevin Cresswell
         Now Please Post a Reply with comments as to what you think about this.

    Sunday, June 17, 2012

    Nova Scotia Child Maintenance & its effects


         The child support in Nova Scotia is 1 sided for the parent that has the children. the monthly money that is given to the parent that has the children is solely based on the income of the parent that does not have the children no matter how much the parent that has the children makes, for most they have a minimum wage job but there are a few of the lucky people that do not, that goes for either parent.

         I like many others have the minimum wage job while my ex has a job that pays well above minimum wage but yet what she makes hourly is not taken in to account for the money that has to be paid out by me to her, she gets my money plus money from the government and her job as well as more GST when it is issued plus baby bonus and or any other government program for single parents that is out there. most people that have the kids get more money monthly than they make at work while the one that does not have the children don't make much more than you would get while being on social assistance. The only way for the parent that does not have the children to get ahead is to have a job that is off the books (Which if you speak to a lawyer they will even agree to that) but even then that can come back and bite you in the end.

         also if at any time the parent that doesn't have the children gets a pay raise in any way other than a minimum wage increase it has to be claimed and thus the monthly payout is increased again so any pay increase is nullified and a hindrance for the one that got the raise for they are no better off. Also if child maintenance says you owe back pay then they will take their normal cut of your pay cheque plus they will take the arrears as well bit by bit, but in most cases like mine they were taking up to and including 90-95% percent of my pay every 2 weeks, so working 50+ hours a week on the books can net you after tax's $100-$150 if your lucky. but yet when you go and try to point out to the system what they are doing to you everyone says you called the wrong person and or department and you have to talk to so and so and the cycle restarts itself again. And with all of that being said the person paying the child support has no say in how the money is spent once it has been paid out which is wrong and should be changed.

         The intent of the money is to be there for the children to get them what they need food/clothes/schooling, but unfortunately most parents that get the money spend it on stuff they want or say they need instead of using it for the children. it is not uncommon for the single parent to have the newest toys TV's, Cell Phones, Computers, cars and such all because of the monthly income they have from the Ex's and the government and their own jobs as well (They live high on the hog while the other is living on the slop).

         What should be done is have the monthly maintenance fees be accounted for as to where they go and how it is spent, also the actual monthly payment should be calculated on both parents income, for example, my income from my job is lower than my ex's; so say if i make $11/H and she makes $13/H the $2 difference should come off of what Is paid to her (Putting me at a lower rate of pay and making it a little easier for us to live), this way the parent without the children can live in a 1 bedroom place and not a low income place and afford to have food on a regular basis instead of depending on friends and or family for help with money and or food to survive pay cheque to pay cheque. People have always cried unfair and or discrimination for one reason or another yet no one has ever done anything about the child maintenance that is paid on a monthly basis by the large portion of the population.

         This link here http://bit.ly/P6TzEV will give you a calculation of approximately how much you would have to pay monthly based on the number of children you have and what province you live in.

         And as it states on that link

    • The number of children;
    • The province or territory where the paying parent lives; and
    • The paying parent's gross annual income.

         At no time does it mention the person that has the children because to the government it does not matter how much they make just what you make and how much they can take from you. Also the rates that are to be paid have a habit of changing, the last change was done on December 31, 2011.

         If you base the monthly payment say on $26000 gross income a year the new payment http://bit.ly/NIEs6p would be $380.00 + 1.3% where as the old payment http://bit.ly/N72lmU would of been $388.00 + 1.67%. As for the % after the dollar amount I assume is a monthly fee collected by the government probably for handling or what not.

         Now the $26000 gross income is based at $11/H, but after tax's all that is seen is $22039 (Approximate), that is almost $4000 that is not seen by the average person but yet is taken in to account when paying child support and should not be, that should make the monthly child support payment be $312 + 1.72% that's a difference of $68 a month, that can and does go along way for food and such.

         Now the Total Monthly Income (Gross) for $13/H is $2253.33 which in turn is Annually $27040.00 but has a tax pay out over the year of $4209 which in turn leaves them $22831 yearly ($1902.58 monthly) after tax's.

    Canadian Income Tax Calculator 2012 was used http://bit.ly/MzQhtt

         With that stated  without any deductions of any sorts there is no real big difference in the pay at the end of the year, but when filing tax's there is a big difference in the returns that are given back between the 2 people. So why is it that child maintenance is taken before tax's are deducted yet when filing for your yearly tax return you can not claim it in any form.  "Q - Can parents claim or deduct child support payments for income tax purposes? A – This depends when the child support order was made. The Income Tax Act was amended in 1997. Before the amendments the rules were that the paying parent could claim child support payments as a tax deduction, and the receiving parent had to claim the support as income. If your child support order or agreement was made before May 1, 1997, the old tax rules continue to apply, unless you obtain a new order or agreement or vary the order after May 1,1997. Child support orders made or varied since May 1, 1997, cannot be claimed as a deduction by the paying parent and the receiving parent does not have to claim the support as income." Source http://bit.ly/L70Zds