AUTHOR ARCHIVES :

5 Keys to Writing a Great Business Plan

A well written business plan can make or break your business. With a good business plan, you will be able to attract investors, know what to expect from your industry, and be aware of the strategies and performance of your competitors.

Business planning

Every business plan has different sections, each of which have their own purpose as follows:

  • Executive summary – Places at the beginning of the plan, this is where you provide an overview of what your business is about.
  • Company description – Here you provide details on your business, your mission and vision, as well as your unique selling proposition (USP).
…Continue reading →

Can You Use Credit While Enrolled in a Debt Management Plan?

A debt management plan (DMP) is one possible path forward. But of course, you have questions. Like: How does debt management work? How long does it take? Is it true you have to stop using credit while enrolled in a DMP?

Keep reading to learn more.

Debt Management Plan (DMP)

What to Expect from a DMP

Enrolling in a DMP will first require you meet with a credit counselor. To get things started on the right foot, you’ll want to first do your research and choose a reputable non-profit credit counseling agency as your partner. During that meeting the credit counselor will take an in-depth look at your financial situation and may determine you’re eligible for debt management.…

Continue reading →

Should You Pay off Your Car Loan Early?

Popular wisdom says anytime you can pay off a debt early you should do so. However, there are some instances in which you shouldn’t end a car loan early. Let’s take a look at some of the arguments for doing so and some key reasons against it.

For: Keeps You “Right Side Up” in the Loan

In some cases, if a car loan is allowed to run its full term, you could wind up owing more than the car’s fair market value. Known as being “upside down” in your loan, repaying it before it goes to term will almost always help you avoid this situation.…

Continue reading →

4 Beneficial Tips on Paying your Student Loans Fast

It’s fast to get loans, but to repay them can be challenging.

A good education comes with a price tag. However, millennials and generation Z don’t feel the same. Many graduates of current times face the grueling task of paying off their loans.

Student loan repayment calculation

While getting fast loans is one of the easiest ways to get through a financial crisis, student loans can also help when you need new textbooks or to pay immediate fees when your low on cash.

Here are four tips on how to pay off your loans off fast:

  • Consider your loan to be like a mortgage
  • Plan to pay back the loan
  • Establish a loan repayment fund

1.

…Continue reading →

5 Things You Need On Hand Before Selling Your Online Business

Selling an online business is never an easy process. However, the rewards can be awesome. The success of the sale will prepare you for whatever route you decide to take, and ultimately, life-changing.

Selling an online business

The value of your business is as a result of several factors. Some of these factors, for instance, the state of the economy, you have no control over them.

But rather than complaining about those factors, why don’t you focus on areas you can influence? Selling a business requires planning – everything from updating financial records to updating old operating systems.

In this article, we have explained the five key things you need to have on hand that will help you prepare and increase your chances of a successful sale.…

Continue reading →

MOT Testing on Your Business Car: What is it, and Why Should You do it?

The MOT is a statutory check carried out and administered throughout the United Kingdom by the Driver and Vehicle Standards Agency (DVSA), a collaboration of the Driving Standards Agency (DSA) and the Vehicle and Operator Services Agency (VOSA). The DOT, which helps with the application of the MOT test and other related regulations, supervises these agencies.

MOT testing

What is the need to do MOT testing?

If your vehicle is over three years old, having an annual MOT check is a legal requirement to ensure your own safety as well as the safety of others on the road. The evaluations usually involve stringent rules, and it is necessary to protect certain key elements of the vehicle.…

Continue reading →

4 Signs You’re Ready for an Office Space

Is your home office your advantage, or is it preventing your company’s growth?

Home office space

During the early phases of launching your business, your home office is your advantage. It enables you to run as financially lean as possible. This means you can focus your time and your budget on building the company.

However, you will reach a point where the lack of an actual office space/building may be a problem. You may find that you can’t reach the next level without it and it’s now become a disadvantage.

Here are 4 common signs it could be time to make the move. If you already feel like you’re ready to take the plunge, we invite you to read some helpful information about commercial leases to help you prepare for the big move.…

Continue reading →

Back to Basic: All You Need to Know About Call Center Outsourcing

Outsourcing of call centers occurs when a business hires staff from an external customer service organization and manages its call center from a different location. The customer service company recruits and trains its staff in such a situation to manage all customer contact for the company. Subcontracting call center services like tasks related to sales and customer care allows operators to manage several customer requests, including queries, reservations, refunds, from inbound to outbound, from all shapes and sizes of companies.

Call center outsourcing staff

Inbound call center outsourcing helps to deal with messages from customers seeking help in getting product/service information, returns/refunds, making orders/reservations/bookings, dealing with defective products, and inconsistent service.…

Continue reading →

6 Tips When Getting a Small Business Loan

As an entrepreneur, getting a small business loan can be challenging. However, it doesn’t need to be a nightmare.

Preparing for the loan application process improves your chances of securing a loan. It demonstrates your reliability and capability to pay loans on time.

Small business loan

Here’s what small businesses need to do to speed up the application process. It’ll improve your chances of getting the loan painlessly and effortlessly.

1. Determine Why You Need the Loan

Before you fill out the loan application forms, understand the motivating factors. It’s among the many questions that lenders like Thinking Capital will ask.

In most cases, you’ll seek for financing to:

  • Grow your enterprise
  • Acquire equipment
  • Start your business
  • Manage daily expenses
  • Get a safety cushion

2.

…Continue reading →

4 Things Consumers Want from Their Banks Today

Keeping your money at the bank has for a long time been synonymous with participating in the economy. But increasing changes in technology mean that the services offered by banks can—and must—change. These are four things consumers want from their banks today.

Banking innovation

They Want Their Banks to Help Them

There are a lot of things that may come to mind when you think of what consumers might want from banks. High-yield savings or checking accounts, useful apps and others are definitely things that might come up. But you might not immediately think of this: About 78 percent of consumers would like their banks to give them more informational resources.…

Continue reading →