If you want to set up or considering setting up a business of your own, you must bring one thing in mind. You must know that you will need money to make sure that the business functions as it ought to. For the purposes of this study, we shall think of business finance as all the money that will be required for the smooth functioning of the business. This will include money from a variety of sources such as loans from lending institutions, cooperatives and these loans may be acquired either on short term or on long term bases.One thing that should be borne in mind is that it is necessary for every person to understand the fundamentals of business finance. This study is not only meant for those coming into business for the first time. Keep in mind that at every stage in the business, there will be a need to finance to expand, transform or even give a new facelift to your business. The good side about this study us that it will enable you to know where you can seek for finance for your business, it will help you to better manage these finances so that you should avoid falling into debts by paying your loans and it will equally let you know what type of loan is appropriate or not for your business.Knowing the Essentials of Business FinancingAhead of opting for any source of finance that might be open to you as an investor, there is always an obligation for you to not only become aware, but to understand and appreciate the importance that financing has to do to your business. As of now, one of the sources of finance to your business is venture capital. Venture capital will refer to a venture group that is willing and able to pump in finance to your business. But it should be kept in mind that this is done with the intension that the venture group will become part of the business.It will have to take part in the running of the business and equally in the profits of the business. In some cases, the option of an angel financing may also be available. This is a situation in which high risk ventures will be financed for the reception of high profits. Another source of financing is corporate venture capital financing. This is almost the same thing with venture capital but the difference is that groups and not individuals will be involved into the financing. You can also think of taking a loan from a bank or any financing establishment.If you are an experienced financier, you will realize that identifying and making use of these sources of finance is easily done if you are aware of all the essentials of business financing. This will be difficult for the novice. What has been realized is that most lending institutions have already created and developed some form of confidence with those already in business, plus the fact that they think their money will be better protected with those who already have some worth to prove.It May Be Necessary To Integrate Your Business When Seeking For FinancingThe rationale for confidence building will vary from one lender to another and will also depend on the lender’s personal conviction about the business. It is normal that every lender will want to scrutinize and make use of any former financial record of a business before it can give loans to that business. In other cases, it is known that sources of finance may be easily opened to groups of business than to individuals.This is the more reason why you must understand all the essentials of business financing before making an application for it. Sometimes, it is necessary that as a sole proprietor, you may decide letting a takeover of your business. This is to give your business a positive credit worth so that it can stand a good chance of being financed. But you must make sure that you seek expert advice in doing this. Remember that there are so many essentials in all of the above and you must be skilled enough in these before you can achieve any success.
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Small Business Startup Loans – What Are the Fundamentals of Business Finance?
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Legitimate Home Based Business – How to Find the Right Business to Profit
Are you looking for a legitimate home based business to make money online? If you are taking the time to check out if Internet Business models are valid, I want to applaud you. Many times when people are looking to make money from home, they get so caught up in the hype to make money that they miss the very important factor of choosing the right model to profit.If you are serious about making money online, the very first business choice will be which Internet Business you choose to partner with. Finding a legitimate home based business opportunity will give you not only the avenue to creating a solid income, but will also provide you with the option to create a lasting and long term income. This is your first critical step to insuring you are profitable with your online opportunity.With so many websites, and work from home advertisements it can be difficult to distinguish which Internet opportunities are valid. If you are serious about finding a legitimate home based business, then there are some important question that you must ask. . It is important to make sure the Business structure is designed in accordance to legit guidelines, and regulations.How To Find A Legitimate Home Based Business1.) Products Or Services – The business model should have multiple products and services. It is suggested that the products should never offer outrageous product claims. There are products that claim to cure diseases for an example. Be wary of these product or service claims they usually are not in business long, and you as a owner can get in trouble for partnering with a company that makes these falsified claims. Every product has a target audience, it is suggested to go with multiple products to give you a larger target audience that would be interested in the benefits offered. The more product ranges the more difficult it would be to falsify the product claims.2.) Retail Value – Never purchase just a money making opportunity A legitimate home based business is not just about swapping money. There has to be a real product and service available. In addition you have to be able to resell your products to your customer base. The company you are looking into should provide you with a retail center to sell all of your products and services as well if you want to resell the opportunity. The Internet is a mass resource, and has opened the door to be able to provide people an avenue to bring in an extraordinary income. But don’t fall for the company that sells just the dream, you need real products to make a solid income..3.) Monthly Fees - A monthly fee is expected with any Internet opportunity. They can range from 40.00 – 100.00 per month. What you should be aware of is what happens if you miss a monthly payment? Do you lose your products and services? Many times an Internet opportunity will not allow you to use the products you purchased if you stop the monthly fee. When you joined your business you paid for complete rights to the products or services, regardless if you miss a monthly fee you should never lose your product range. A legitimate home based business will never take away your products or your services from you. If you purchased rights to those products they should be yours to keep and utilize.4.) Get rich quick Schemes – Stay away from people who suggest that you will get rich within an unrealistic time frame. Be realistic about your game plan. The first month you should want to recover any business expenses, and start profiting within your second month. Stay away from those that claim you will make an outrageous amount in your first month. 5.) Telephone Number – If the company telephone number is 900 number stay away from them. Never will a legitimate home based business opportunity have a 900 number on their website. Its also suggested their is a live voice behind the number. Starting an Internet Business, without talking to someone is highly discouraged.6.) Free Business Information – You should never have to pay for information about the business. If you are looking at partnering with an Internet Business do not pay for more information. You should be offered the company information for free.7.) Mentor and Trainer – Their are times when you will find a legitimate home based business, but the mentor or your trainer is the one who is not legitimate. Make sure that you spend your time not only researching the opportunity but also researching the mentor or trainer that you will be partnering with.8.) Investing In Your Internet Business – Starting an Internet Business is different then a work from home job. An Internet opportunity is different then opening a coffee shop for an example, where it eliminates a high over head, however this is a real business structure. There is always a capital expense that should be expected. Compared to large capital expenses with a structural opportunity, Internet offers people a lower start up cost. While you should never pay for a job to work from home, starting a business is different then a job. Make sure you are clear as to what you may be putting capital towards, know if you it is claimed to be a job or a business that you can build over the Internet.Many dream of making money online from home. Finding the right home based business will give you a real and valid way to make a solid income from home. Make sure that during your business research you ask the seven questions above. In order to qualify a legitimate home based business, they should have all eight components that have been outlined. Do not settle for an opportunity that is missing even one of the seven steps above. You owe it to yourself and your business to make sure you have the most profitable business structure to profit.
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Short-Term Bridging Finance – Find Out How It Can Benefit You
If you need to obtain financing, you may be concerned that it’s going to take you forever to get it. When you apply for a standard form of financing, not only do you have to deal with piles and piles of paperwork, but the processing period can take an extremely long-time. While this may simply be an inconvenience in some cases, in others it can ruin your purpose for obtaining financing in the first place. For example, if you identify an appealing property that is currently being offered at a reduced price, you need to obtain financing as soon as possible. Otherwise, someone else is going to get to pick up that great deal before you.Fortunately, there is an option that can allow you to obtain financing in a much shorter period of time. This option is called short-term bridging finance. If you haven’t heard of this option before, you’ll be interested to know that there are quite a few benefits to it. The first is that it can be used for a wide range of purposes. While many financing options have a narrow list of uses, bridging finance can be customized to your needs. As previously mentioned, this type of financing can be used if you identify an underpriced property. The same goes for a property that you find at an auction. You can also use bridging finance if you’re interested in purchasing a commercial development. If you’ve decided that you want to upgrade your home or another property that you own, that’s another potential use of this type of short-term finance. It’s also possible to obtain bridging finance against the value of a property as a type of general loan that you can use.As its name implies, another appealing feature is that bridging finance is a short-term option. Unlike many other options, you can choose the financing duration that is the best fit for your needs. Whether it’s four months or twelve months, this is yet another factor you can control for this type of financing. Given the amount of flexibility that has already been discussed, it shouldn’t come as a surprise that the actual process of obtaining this option is much simpler than other financing routes. It’s because of this simplicity that you can obtain this financing option in a matter of days.If you’ve had bad experiences with other forms of financing in the past, it’s time for you to discover how much easier things can be when you choose short term Bridging finance. One of the biggest differences you will notice if you decide to pursue this type of financing is that the lender will actually work with you instead of seeming to work against you. This is evident in everything from how valuations are calculated to the flexibility that is provided for the terms of your financing. Regardless of your specific goals, there is a strong chance that bridging finance can help you reach them in a shorter amount of time.
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Are You Choosing the Right Stock Market Advisory Company
What do you do if you want to learn driving a car? You will try to find an expert teacher, isn’t it? You do not want to avail the services of a novice individual to help you out, but a professional person can provide you the vital tips and most importantly guide you efficiently. Similarly, when it comes to investing in the stock market for the first time, you require a knowledgeable advice to attain your financial goals and get profitable returns.
If you are a beginner, then it is quite obvious that you may be having no information about the process of buying the right shares in the market. In such a situation, getting the right tips from an experienced financial advisor or a registered advisory company will truly prove to be a great blessing in disguise. However, there are some of the important things that have to be kept in mind while choosing the top stock market advisory company, which are as follows:
How much assistance do you actually require?
Before you make up your mind to hire an advisor, it is imperative that you must first decide about the kind of service you require from them. You may need their help at the beginning or during the time of any issues. This is because an advisor has to formulate a map according to your requirements. Hence, it is suggested to ascertain your needs first and then take further action.
Choose a top ranked advisory company
It is a very important point that has to be taken into the consideration. Availing services of the well known advisory company or a financial advisor is an absolute necessity. Make it a point to carry out a proper background or research work about the company. Check out their credentials, reputation, experience, etc before hiring them.
Asking for a sample financial plan initially makes sense
When hiring a financial advisor, then do not forget to ask for sample plan first. It is imperative to note that there is no such thing called the perfect plan. A sample plan will help you to determine whether an advisory company is actually making sense according your requirements or not.
The financial planners or advisory companies can really turn out to be the greatest asset for you if you choose the best one. They are just like the professional sailors who can help you out to sail through stock investment related problems quite efficiently.
Deepak is a financial advisor who likes to provide quality tips to the people facing any issues with regard to investing in the stock market. He likes to keep himself updated about the stock market by reading articles, news and blogs, etc.
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Hidden Advantages of Outsourcing Services for the Car Loan Industry
Let us face the reality that today, we live in a ‘do-it-yourself’ way of life. As they should, people want to show off their auto repairs, home improvement projects, and many other tasks that majority of us would more often not seek professionals to perform the task, as they just prefer to do it by themselves.
It is absolutely a great value in a number of ways. You can gain expertise from your experience. Sometimes, it does not necessarily mean that it is a better way to go from doing something by yourself because oftentimes, it pays more to hand over and look someone for help.
Many of the car loan businesses are beginning to worry about not only getting in the game but also in maximizing their returns with all sizes racing to compete in the lending market. To outsource car loan business services, many industry experts understand that it is often considered more cost-effective.The most obvious reason for doing this is because industries don’t have to hire new staffs or underwriters solely for car loan operations and services. You have to keep in mind that those industries are also avoiding the other expenses related to assisting the infrastructure associated with an internal underwriting team.
But the advantages don’t stop there because there are a number of hidden advantages that many businesses fail to consider when entertaining ideas of outsourcing their car loan business processing that includes staffing and funding. Here are some of the hidden advantages of outsourcing for car loan business:
Increase the Number of Loans that Leads to More Net Profit
Just consider it as any consumer business committing to sales. As this dealer management is all about being able to see, looking for your niche and catering your offers to the biggest needs of your dealers. Better and stronger relationship with dealers and having more dealerships in the network in order to drive portfolio growth is one of the end goals of outsourcing some services when you are in the car loan business.
Improved Relationships with Customers
Your staff will be able to intensify its focus on strengthening relationships with your customers- making visits, gathering feedback and better addressing their needs that will drive growth for your car loan business portfolio.
A Guideline that Allows the Outsourcing Provider to Serve as an Extension of Your Car Finance Team
Your outsourced car loan provider should be able to efficiently, quickly, and easily customize its financing scorecard to fit your representation. By doing this, it guarantees that making a decision for car loan financing is consistent and fits your appetite and business plan.
Access to Consultation and Expertise
It allows your business to avoid common pitfalls that businesses fall victim to when trying to get in-house functions off the ground when outsourcing your car loan business processing. Through outsourcing, those businesses must hire the expertise that is readily available.
By waiting until the next business day to respond to proposals, don’t miss out on those deals especially over the weekend when many consumers have time to hunt for motorcycles, cars, and trucks.
It will absolutely offer a significant benefit over businesses with in-house operations that are confined to traditional business hours when you have an access to after-hours processing service.
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Would You Benefit From Making Early Payments on Your Auto Loan?
Monthly payments make up an important element of the auto loan. The amount of money that you will pay each month depends on a number of things; such as the money you put down, the value of the car, loan term, your current income and credit score, etc. Many a times people wish to repay their auto loan earlier than their term or wish to get the loan refinanced. Understanding the effect of paying your loan early vis-à-vis making timely payments can help you in making a well-informed decision.
Pay Early or Pay on Time: The Auto Loan Question
· Are you interested in making Early Payments?
You know you are a financially adept individual when you think about paying your auto loan early rather than spending the money on frivolous things. The following pros and cons of prepayment will take you one step closer in making the right decision.
Pros: The reduction in the interest amount can help you save a great deal of money. Paying off your auto loan early gives you the financial freedom to use that money elsewhere. Secondly, if you are going to receive a large sum of money in the near future, it is wise to prepay your loan instead of spending it elsewhere. It will make your debt-free early and allow you to live a tension-free life.
Cons: Timely auto loan payments mean that you have planned your finances in an efficient way. If you repay your loan all at once, it may project that you are unable to manage your credit. Remember prepayment of your auto loan will not hurt your credit score, however, it will not improve the score either.
· Do you believe Timely Payments are a Good Choice in the Long Run?
Small payments made every month can surely have a positive impact on your credit rating. The following pros and cons will help you clarify the advantages and disadvantages of timely payments.
Pros: Timely payments made every month are certain to keep your credit score in check. Many a times people may forget to make the payments on time. However, automatic bank payments can help you to keep your payments regular. A shorter loan term with timely payments will help you in obtaining lower interest rates and an overall cheaper auto loan deal in the future.
Cons: An automatic timely payment means that you will have to maintain a certain balance in your bank account, which may temporarily block your finances. A certain amount of your income gets allocated to the monthly payment. Compared to a prepayment strategy, timely monthly payments carry less financial freedom.
Your Auto Loan Payment Schedule: What is Best for you?
Income is an important element that decides which option you should choose between paying your auto loan early and making timely payments. If your monthly payment is manageable and your income supports the loan, you should opt for timely payments. However, if your income source is unstable and you require a car on an immediate basis, you should opt to make a prepayment of your entire loan. On the basis of your financial situation and circumstances, make the wiser choice.
Are you looking for a car loan that matches your financial situation? Choose RapidCarLoans.net. The bad credit auto financing company offers customized pre-approved auto loan options to car buyers. Zero pre-payment penalty means you can pay off your loan early. Apply now.
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Can Bankruptcy Help Prevent My Car From Being Repossessed?
According to The Washington Post; “A record 7 million Americans are 3 months behind on their car payments” – February 2019. That title says it all. In other words, if you are filing bankruptcy and have missed your car payments, but you still want to keep your car, you are not alone.
The Credit Union Journal has a recent article in the May 2019 edition titled; “In avoiding subprime auto loans, are Credit Unions shunning their roots?” It turns out that car loan defaults are once again at historic highs. This is a nationwide problem for lenders, and not just locally here in Ventura County or Los Angeles County.
There are legal remedies you can deploy to stop your car from being repossessed. Many consumers do not realize that under both Chapter 7 and Chapter 13 Bankruptcy Law you can temporarily prevent car repossession by your lender. This is because during bankruptcy proceedings the court issues an “Automatic Stay” prohibiting and preventing the lender from repossessing your car. The lender can ask the court remove the ‘automatic stay’ and if the court agrees, the lender may take possession of the car anyway, but this temporary stay may be all you need to get the lender’s attention to work with you and your attorney on a modified repayment plan.
The best way to deal with this situation is to be in contact with your car lender, and it’s best to do that through a bankruptcy attorney, it holds more weight. It also stops the lender from trying to bully you. Your attorney can renegotiate the terms and help you set up a new payment structure thus, allowing you to keep your automobile in a bankruptcy.
Consider if you will that lenders don’t really want to repossess cars, they are not in the automotive business, they are in the lending business, they just want to be paid, as per the original agreement. If they realize that isn’t going to happen, they will weigh their options and consider what’s best for them. Perhaps, a reduced interest rate, reduced balance, or renegotiated terms are better for the lender than a repossessed used car with low resell market value due to wear and tear and depreciation. Face it lenders do not want to lose any more money than they absolutely have to.
Another important point you must remember; the ‘automatic bankruptcy stay’ is only temporary, and if you haven’t been making timely payments, once your case is closed you can expect the lender to demand return of the car or they will repossess it. Also keep in mind that the stay is only good during the bankruptcy proceedings which for Chapter 7 lasts about 3 months or so.
What’s the Best Way to Prevent Car Repossession During Bankruptcy Court Proceedings?
Make the payments
Make up missed payment
Come up with a repayment plan, ask court to approve it
Stay in contact with the lender through your attorney
Ask for some help perhaps paying interest only for a couple of payments
Renegotiate the Car Loan
Ask court if you can buy your car back for its fair market value (Redeeming Your Car under Chapter 7 Bankruptcy Law).
Ask your bankruptcy attorney about ‘cramdown’ strategies in Chapter 13 bankruptcy
What Can You Do If Your Car Is Repossessed Before the Bankruptcy Filing Date?
Ask your bankruptcy attorney to help you come up with a repayment plan so the lender can get the missed payments. If this has happened to you, and if your car has already been repossessed, do not delay. Call your bankruptcy attorney now! That’s probably the best advice of all.
Summing it all up!
You need to know your rights and understand the motivations of your lender. You need a good solid bankruptcy lawyer who works for you, one who has dealt with the local lenders here in Ventura and LA County. An attorney who gets it and has decades of experience. With the right strategy, you’ll be able to keep your car, prevent humiliation, and prevent loss of your transportation. After all, we live in California and you need a car.
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Will Crypto-Based E-Commerce Destroy the Dinosaur-Style Banking Industry?
Banking, as we know it, has been around since the first currencies were minted-perhaps even before that, in some form or another. Currency, in particular coins, grew out of taxation. In the early days of ancient empires, annual taxation on one pig may have been reasonable, but as empires expanded, this type of payment became less desirable.
However, since the Covid situation, not only have we seemed to move to a “cashless” society, (as who wants to handle potentially “dirty money” in a shop), and with “contactless” credit card transaction levels now increased to £45, and now even tiny transactions accepted, such as a daily newspaper, or bottle of milk, get paid by card.
Did you know that there are over 5,000 crypto currencies in use already and of them Bitcoin features highly in that list? Bitcoin, in particular, has had a very volatile trading history since it was first created in 2009. This digital cryptocurrency has seen a lot of action in its fairly short life. Bitcoins initially traded for next to nothing. The first real price increase occurred in July 2010 when the valuation of a Bitcoin went from around $0.0008 to in the region of $10,000 or more, for a single coin. This currency has seen some major rallies and crashes since then. However, with the introduction of what are called “Stable” coins – those backed by the US Dollar, or even Gold, this crypto currency volatility can now be brought under control.
But before we explore this new form of Crypto-based E-Commerce, as a method of controlling and using our assets, including our “FIAT” currencies, let’s first look at how the Banks themselves have changed over the last 50 years or so.
Who remembers the good old Cheque Book? Before Bank Debit Cards came along, in 1987, cheques were the main way of transferring assets with others, in commercial transactions. Then with Bank Debit Cards, along with ATM’s, getting hold of one’s FIAT assets became a lot quicker, and for on-line commercial transactions.
The problem that has always been present with Banks, is most of us needed at least 2 personal bank accounts (a Current account, and a Savings account), and one for each business we owned. Also, trying to move money from your bank account “swiftly” to say a destination overseas, was anything like SWIFT!
The other issue was the cost. Not only did we have to pay a regular service charge on each Bank Account, we also had a hefty fee to pay on every transaction, and, of course, in very rare occasions we would not get any worthwhile interest, on money in our Current Account.
On top of all that, Overnight Trading, every night, using expert financial traders (or, latterly Artificial Intelligence (AI) Trading systems), all of OUR assets would be traded, and with the economies of scale, the Banks became a Major Earner on our assets – but not us! Have a look at the potential business to be made from “OVERNIGHT Trading”.
So, to summarise, not only do the Banks charge a hefty fee for storing, and moving our assets, by the use of clever Trading techniques, they also make hefty profits from trading our money on the Overnight circuit, for which we see no benefit.
The other point is – do you trust your Bank with all your assets?
How about what Bank of Scotland, who were THE Scotland National Bank, now owed by Lloyds Banking Group, have been recently labled, in a September press release that stated “Lloyds Bank Asset Frauds – The Most Serious Financial Scandal of Modern Times.”
Why not Google that web site, and then make your own mind up?
So, now let us take a look at how a Crypto-based E-Commerce system should operate, and how the advantages that the Banks enjoyed with OUR money, can become major profit centre for the Asset Holders – US!
On 10th October 2020, a major new Crypto-based E-Commerce company is being launched – FREEBAY.
Briefly, FreeBay, based in Switzerland, is a company incorporating its own Blockchain technology, with its own SAFE Crypto Coin ( Based on V999 technology ), and enables its members to transfer their FIAT assets into Gold Bullion, removing the need to involve any BANK.
V999: digital gold empowered by the blockchain; a digital token, backed by physical gold V999 Gold (V999) is a digital asset. Each token is backed by one tenth of a fine gram gold bar, stored in vaults. If you own V999, you own the underlying physical gold, held in custody. On top of that, FreeBay members can purchase packages that include powerful Automatic Intelligence-Based Trading Robots.
So now, you can not only achieve total independence from a standard BANK, but you can also trade, like the Banks, your digital Gold assets, in the form of V999 Crypto tokens, on the OVERNIGHT systems, only now you, the asset holder, get the rewards, not the Banks.
But there is even another great advantage in trading V999 Tokens. As you would be the Generic owner of the token, so, like the Banks, every time a V999 token is traded (i.e. sold), say, to purchase Bitcoin, or any other Crypto currency, a Transaction Fee is charged. Every time a transaction takes place, the generic owner of the V999 token gets a small percentage of that Fee.
Note, that once a Trade takes place, and a V999 Token is sold, in exchange for say Bitcoin, or any other Crypto coin, a small %age of that Transaction Fee is paid to the GENERIC OWNER of that token (i.e. YOU). Because Freebay’s objective is to make the V999 Token one of the most sought-after safe Crypto coins, even after your Token has been sold to another Trader, as you are still the Generic owner of the V999 Token, whenever that Token is traded by any other Trader, it is you – the Generic Owner of that Token that gets paid the Trading Commission.
This could not only create a great Passive Income for you, for life, but is Willable to your descendants – and not a conventional bank involved anywhere.
So, the more V999 Tokens you buy, and get into circulation, the bigger and better with your Residual Income – for not just your lifetime, but probably for your dependants – could become a reality.
Interested enough to find out more? Then click here.
OK, if you are looking to participate in the new Crypto E-Commerce environment, using powerful Blockchain security, moving your assets from FIAT currencies, into digital gold, with the all-new V999 Gold-backed Token Crypto Coin, just to protect, and grow your assets, then you are already on a winner. Add to that, the fact that you are cutting out the middleman (the Banks) – and their fees, as well as trading your own assets overnight, using Robots, so that profit is all yours. Then, as you trade your V999 tokens, you get a small part of every trading transaction fee. But on top of that, when your Buyer then trades your Generically owned V999 tokens, you get paid a commission on that as well. All this generating on-going residual income. But then, what if you spread the word to others, and they join your team, you win again – and again… (Click here for a no-obligation link to my team).
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