POST CATEGORY : Finance

How Reverse Mortgage Will Help Save Your Business

As a small business CEO, you know that businesses go through cycles. Sometimes business is so good that you can’t keep up with demand. Other times, it seems like the market is stuck in the mud. Customers are not coming through the door and your expenses keep piling up. What can you do? Banks won’t finance your business, even though you have a long history in the market.

Business funding via reverse mortgage

Well, if you are over 62-years-old, I have a secret financial weapon which could help you save your business. It’s called a reverse mortgage, and it could be just the ticket to get you the money you need.…

Continue reading →

Tips to Start Your Business on the Right Financial Footing

Starting a business will be one of the most difficult things that you ever do, so many new things to learn, so much hard work to put in and a lot of pressure on making it a success. The best thing you can do for your future business is to ensure that before you start, you have everything in place that you are going to need, fail to prepare and prepare to fail, this motto could not be more true when it comes to a start-up business.

Startup financial management

One of the key things that you need to have in place is your finances and a plan for your finances once the business starts, here are some tips on how you can ensure your financially prepared to start a business.…

Continue reading →

5 Organizational Tips For Smart Business Money Management

Personal money management is tough enough, but when you try to manage money for an entire business or brand, things become even more complicated and convoluted. And that’s why there are specialized tools and organizational tips specifically for business finance managers.

Business money management

Five tips in particular might include hints like making sure that you shorten your selling cycles, use social elements for natural brand promotion, get feedback from early adopters, keep personal and professional finances separate, and use project management software to help synchronize all of your business communications with respect to money flow.

Shorten Your Cycles

A recurring problem in business finances happens when financial cycles take too long to complete.…

Continue reading →

Loan Officers: Advocates to Small Business

Working as a mortgage loan officer can sound like a fairly straightforward job. People apply, you evaluate, you notify, you close. It doesn’t sound too complex.

Loan officer counselling client

But of course, nothing is as simple as it seems at first look. The reality is that mortgage loan officers do far more than that. For example, the staff at Eagle Home Mortgage provides an important source of information to applicants, giving them information that can help them succeed.

This is true for more than just homeowners. It applies to businesses too. Because so many small businesses are sole proprietorships or partnerships, their owners don’t have the resources to research a lot of very important information.…

Continue reading →

5 Unusual Business Funding Sources to Tap

When your back is against the wall and you find you need some significant cashflow, which you don’t have, for your business to make it in the next 30 days or so, often times conventional funding sources just aren’t an option.

Business funding

When the wolf’s at the door and/or you need money to launch/expand quickly, there’s simply no time to seek out bank loans, commercial mortgages, venture capitalists, angel funding, family loans, etc.

If that’s the position you find your business in currently, you might just want to give one of the following 5 unusual funding sources a shot:

1. Invoice Factoring

Invoice factoring is perhaps the most popular among the unusual methods for financing a business.…

Continue reading →

XTrade and Online Trading – What You Should Know

XTrade is just one of the many trading brokers out there, but unlike most other brokers, it offers you to trade in CFDs instead of trading directly with the underlying asset. What is CFD? It stands for Contracts For Differences.

CFD - Contract For Difference

Like binary options, it is a derivative instrument, however, unlike binary options, you do not win all or lose all. Instead, a losing scenario could see you either losing all of your money or losing only a part of it. This is because CFDs gives you the opportunity to earn money from the difference in the asking and closing price.

Leverage And Ratio

So, if the price of a certain asset like USD/EUR opens at 1.6 and closes at 1.8, you earn 0.2.…

Continue reading →

Commercial Leasing vs. Buying: The Key Considerations

Being a business-owner is all about decision making, from large-scale considerations to the small but often significant details that can drive commercial growth. Your ability to make informed and time-sensitive decisions will therefore have a definitive impact on your success as an entrepreneur, while it will also be the determining factor in minimising costs, optimising efficiency and maximising profits.

Commercial fleet

Commercial Leasing vs. Buying: The Key Considerations for your Fleet

One of the biggest decisions you will make as a business-owner (or at least one who delivers goods and services to the general public) is whether or not to lease your buy your commercial fleet.…

Continue reading →

Why Investors Don’t Love Your Hardware Startup and What You Can do About It

Hardware-focused entrepreneurs know that starting and scaling a hardware startup is a monumental task. Between product creation, manufacturing, supply chain, sales and branding, it takes focus and stamina. Not surprisingly, nearly 90% of new startups are software focused.

Hardware startup founder

According to PWC and the National Venture Capital Association (NVCA), of the companies receiving venture funding for the first time in Q4 2015, software companies received the largest share, accounting for 37% of the dollars and 39% of the deals. Investment in hardware was less than a quarter of the amount invested in software. So why are VC’s hesitant to invest in hardware companies and how can you finance yourself without their funding?…

Continue reading →

3 Tips for Assessing Your Financial Needs When Starting a Small Business

Starting a small business requires a great deal of complex planning. Not only do you have to come up with your business plan and method for success but you need to consider financial funding. Many small business owners may take funding for granted and only look for it at the last minute. Unfortunately, this methodology could leave you in an unstable position as you approach opening day.

Assessing small business finance

Funding for small businesses can come from a variety of sources, depending on your business model, ideas, and needs. Failing to adequately assess your needs could leave you with a larger debt than necessary, or not having enough funding to get your business off the ground.…

Continue reading →

How Great Online Accounting Can Save Your Business

Every business survives or fails because of whether it is staying in the red or black. It is hard to keep any kind of business afloat if you are spending more then you are taking in, that is an easy statement to make.

Cloud accounting

But what if you aren’t really sure how your business is doing? Sure, you have cash in the bank and happy customers, but are you really making a profit? This is the all important question that can only be answered with a good accounting system.

These days, more and more, that accounting system will be online accounting or cloud accounting.…

Continue reading →