Creative Business Funding

I get the opportunity to work with new and existing business on a regular basis and I need to tell you, the lending market is getting tight. Does this mean your business can't qualify for funding no it does not however what it does mean is that it is most important now than ever before to make sure your business meets the lending market criteria. The Banks and lenders simply can't stop lending this would be very unrealistic. If you're a business owner or thinking of becoming a business owner or are just tapped out in your business this is a must read article for great knowledge. I meet with Vice Presidents of Chase, Bank of America, Wells Fargo and they all say the same thing, you need to have great business credit in today's economy, period. Now this doesn't mean you can have a 350 FICO score personally and great business credit and expect the bank or lender to automatically qualify your business for lines of credit of business loans. More and more bankers are telling me we need to think outside the box, be creative in your endeavors. Now we all as individuals see things in life through different eyes so it is important to have a great team of advisors around you at all times to help spot the roadblocks you might not see yourself. We as business owners can't wear all the different "hats" that come along with running and operating a business. We sure would like to think we could do it all but that just isn't the case. Here is what I have learned and found out from the Banks just what is exactly going on and I would like to offer you a few different angles to look at this from: Factoring: If you're running credit cards from clients then you can certainly qualify for what's called factoring. This enables a business owner to free up some capital in times of need. Let's be honest now it is a little pricey to go this route but time and time again I tell clients, if you're not going out of business what's the difference you need cash! You can also qualify to receive advances on future credit card transactions for your business, great way to get some cash quickly but again, you have to meet the qualifications. Lines of Credit: If your business has great business credit and you're showing up at Experian Business, DNB, Client Checker and other bureaus and business directories don't be surprised when the bank asks for your personal information including your social security number. They need to be able to minimize their risk of you not defaulting on the line of credit they extend your business. I get asked all the time "I thought I didn't have to use my personal credit to fund my business?" This is true but look at from the eyes of the lender themselves they need to make sure your not on a fraud list, no bankruptcy and if there is it has to be discharged, and they all around just want to make sure you're a good candidate to lend to. It's all in the ability to pay back the line of credit. Collateral Lending: This is an avenue not many people understand but the fact of the matter is simple, if you have a piece of property with the deed maybe a truck or vehicle with a deed you can do what's called collateral lending or asset based lending. What the bank typically will do is take your deed to the property or vehicle or whatever it is your lending against and hold on to it until repayment of the loan is completed. If you do not pay it back then of course you know the deal, you just lost that collateral to the bank. This avenue shouldn't scare you away from lending because again, you're not planning to go out of business right? In business sometimes being creative is the only way to go. Traditional lending is GONE unless you have great business credit and an 800 FICO score, not many of us are in this position. Be creative. sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 sagame365 Business Credit Cards: Now this is one of the most traveled roads for business owners. Getting access to 5k all the way up to 50k on a business credit card can be a very useful tool when running and maintaining your business. I have clients using this angle with no problems basically what the bankers have told me is simple, great business credit and business tax returns. Typically you're looking at 10-15% of your business gross not net. The lenders will do a business credit check just like they do a personal credit check when applying for personal credit and they will want to see some history and the company's ability to pay back vendors and debts the business has incurred. New Business Owners: If you fall into this category pay attention. If you're a new business obviously you won't have business tax returns or P&L statements and the things needed for immediate funding. You will have no other choice but to either start working with smaller vendors and purchasing products and making on time payments for 60-90 days to build your Inteliscore at Experian Business and your Paydex score at DNB. The other option would be to go at it with your personal credit because without anyone extending your business credit nobody wants to be first in line to hopefully get paid back. So again, start with smaller companies and work your way through the system of building credit or use your personal credit and go for some funding if needed but be very careful is all I can say. Just because you use your personal credit for your business doesn't mean it will reflect on your report personally unless again you plan on committing fraud which I would never recommend. Time is our worst enemy for any or most business owners. There seems to never be enough time to get the things done that need to get done. You always here if I had another few hours in a day I could get more done. Be a master of delegation remembering you can't do it all no matter what your brain tells you it is just way to difficult. Look to your team trust your team everyone in your network brings something special to the table, that's why they work for and with you in the first place right? If you have questions please feel free to reach out to me for advice. Remember as the markets change, we change! Thanks for the reads and PLEASE feel free to contact me for any help or questions you might need answered. Till next time....take care!

Know About Business

Hospitality industry is one of the major service sectors and employer across many economies in the world. The hospitality industry consists of various fields such as lodging, restaurants, cruise line, and some fields within the tourism industry. It is more vulnerable to economic fluctuations when compared to other industries, as there are various risks involved in running a hospitality business. However, as with any other industry, the risk of losses from unforeseen events such as hurricanes, earthquakes, flooding, fire, etc., clearly remains. So, it is very important for hospitality operations to take reasonable steps to protect their property, employees and financial circumstances. Many businesses in this industry are aware of such widespread losses and would never consider opening a business without buying property and liability insurance policies. But many of them, particularly small businesses, fail to think about how they would manage if any interruption occurs to their business for many days. Importance of business interruption insurance Let us consider this example to better understand the importance of business interruption insurance. Suppose an unforeseen event such as fire or floods makes your business place temporarily unusable, relocate your business or shut it down for a while. What would be the impact on the business? A regular commercial property insurance policy covers only the physical damage to your business. What about the profits which could have been earned during this period? How to pay rent, employees' salaries and other important payments while your business is being rebuilt? This would definitely result in substantial financial loss. Business interruption insurance (also known as business income coverage) helps businesses in situations like this. Many businesses without the business income coverage, shut down their business operations after their business is completely shuttered due to some unforeseen event. It covers the loss of income and helps a business return to the financial position as it was in prior to the disaster. Hence, a business in hospitality industry should understand the importance of business interruption insurance and should go for this insurance. Critical aspects of business interruption insurance Business owners from hospitality industry should be aware of some of the critical aspects of business interruption insurance. Here, we will take a look at some critical aspects of hotel business interruption coverage and understand why it is very useful for businesses in hospitality sector. Business interruption period The business interruption period is the length of period for which the benefits are payable under an insurance policy. This period is the most critical part of quantifying the business interruption loss. It covers a business from loss of income for a specified period till the damaged business property is repaired or reopened. Some hotels being aware of the losses that may persist even after repairs are done; opt for "extended period of indemnity". As it may take some time for the hotel to regain bookings and rebuild market share. Loss of rooms revenues The business in the hospitality or the lodging industry may suffer financial performance as two of its main functions, occupancy percentage and average daily rate (ADR) may get affected. In simpler terms, a hotel damaged by a hurricane or fire or stuck in a deep local recession will not be able to generate any revenues because of closed rooms, especially in hotels and lodges. Business interruption insurance compensates you for lost income due to loss of rooms. It covers the profits you would have earned, based on your financial records. bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti bookatti Other lost revenues Revenues from food and beverage, conferences, golf, spa, etc., can constitute a significant portion of a hotel's income. When a business is interrupted, not only revenues through rooms are affected, some or all of these sources of income are typically interrupted. The business interruption insurance covers all the profits that would have been earned. Ordinary payroll Even if the business activities are temporarily stalled, operating expenses, and other costs such as rent, electricity bill, taxes, interest payable on bank loans, payroll costs etc., cannot be ignored. The business still needs to retain some employees such as accountants, front office executives etc. The business owner needs to pay salaries to them. In this kind of situations business interruption insurance is very helpful as ordinary payroll coverage is a common endorsement in many policies. Extra expenses Business interruption policies generally allow an Insured hotel to claim extra expenses incurred during the period of indemnity. It reimburses for reasonable expenses that allow the business to continue operation while the property is being rebuilt. Some policies also cover the extra costs required for moving the business to a different (temporary) location. Business interruption insurance is one of the most important insurance policies that help in minimizing the adverse consequences of some unwanted events for the businesses in the hospitality industry. A well-thought out risk strategy by hotel owners or operators can make a significant difference at the most crucial times.

Picking The Best Time To You Sell Your Business

When marketing a business for sale you will want to get the best result possible. So when is the best time to sell so as to achieve the best realisation of the value of a business? When Should You Sell? You are likely to get the best price for your business at the point when its growth prospects appear highest. The growth prospects of your business will appear best when: - your company's business is growing (has been growing strongly and has prospects of strong future growth); - your industry is growing; and - the outside economy is growing. Ideally therefore, you want to be selling at a time when your performance is good and your prospects are better. It is a fact of life that many entrepreneurs are attracted to high growth industry as an expanding market offers easier opportunities to create a new business. What you must bear in mind however is that every high growth industry eventually settles down to a much lower rate of growth which cannot support new entrants into the market and often cannot support all of the existing players. Therefore many sectors, from skateboard shops through to nursing homes, golf clubs, and mobile phone shops, will show periods of high growth with large numbers of players entering the field only to have a 'shakeout' as the rate of growth declines and the less successful players go to the wall. In buying your business, purchasers will be putting a value on the prospects of the business. When picking your moment to sell therefore, it pays to 'leave something in it for the next man'. Remember that selling a business is a process that will take some time. Many entrepreneurs are tempted to hang on into a growth industry, attempting to squeeze every drop of growth out of the business and aiming to sell right at the top of the curve. The danger with this approach is that you just might be very lucky and sell out at exactly the right time. However, bear in the mind that the sales process will take several months to complete, from start to finish. The chances are that you will not be successful and will miss selling right at the peak. The point to note here is that the value of the business sold when it is on the up in a high growth phase is likely to be much greater, or as great as the value of the business sold at the peak as growth starts to tail off, because the business during the growth phase will be being valued on the basis of continuing growth as perceived in the marketplace; whereas the value of the business as the market flattens out may be valued on greater absolute earnings, but potentially at a much lower multiple due to lower growth prospects. Moreover, if you wait too long in the business' lifecycle and the market starts to decline, the value of the business will be based on a deteriorating growth prospects which will be reflected in the multiples achievable. You should review your business every six months or so and consider whether now is a good time to sell. In fact, asking yourself the question: 'Would people want to buy my company?' is a good test of whether you are generating value or not. Because if the answer is 'No', what does this tell you about your business? asianslot slot ewallet slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot Keep an eye, therefore, on the value of your business and the rate of growth of it, its industry and economy in general. So What If You Need To Sell But Your Business Is In Difficulty? If your business is in difficulty, if you attempt to sell it you will have to accept that you are unlikely to get as much for it as you would if it was in good health; since as a distressed seller or someone selling a distressed business, the value you are likely to achieve for your business will be low. Therefore, if your business is in difficulties, in order to improve the price you are likely to achieve, it is usually best to attempt to turn it around first so as to be able to market a business with a better current trading performance and future prospects (a process sometimes referred to within the turnaround profession as 'polishing the pig'). If your business has become quite severely distressed, and in practice would fail one of the tests for insolvency set out in the Insolvency Act 1986, in that it is unable to pay its debts as they fall due or that its liabilities exceed its assets, then there are further problems in attempting to achieve a sale. These are, that in the event of a liquidation, the insolvency practitioner who has been appointed will have a duty to look at transactions during the period leading up to the insolvency, particularly those undertaken when the company was technically insolvent, to see whether any of these should be reversed. In particular he will be looking for transactions at undervalue where he is able to argue that an asset has been sold off cheaply (such as you have sold the Rolls Royce to Joe, your brother, for £5 the day before the liquidation), or preferences, where he is able to argue that you have acted to put one creditor in a better position than others (such as you have paid Joe, or have transferred assets to him in settlement of his account prior to the liquidation, when you have not paid other creditors). Thus, any sale or transfer of a business's assets in the period leading up to a liquidation may be subject to a challenge in the courts by a liquidator. They may also feature in the liquidator's report on the directors' conduct prepared for the Government's directors disqualification unit on which they may decide to bring proceedings. So in summary, when you want to sell your business, choose your moment to sell, do not have it forced upon you. Be proactive about deciding when you want to sell your business and never allow yourself to become a forced seller of your business as a result of economic or other reasons. If you do, you will achieve a worse price because firstly, you will not be selling at the most opportune moment to maximise value, and secondly, because anxiety will force you to accept lower offers than you would otherwise consider.

Stragetic Planning for Family and Private Business

First of all it is beneficial to briefly summaries strategy and strategic planning. Strategy is the longterm direction of the business that: achieves a competitive advantage for the business in its chosen market positions the business in the market in relation to its competitors defines the scope of the businesses functions, capabilities and capacity matches the businesses resources and activities to the business environment Strategic planning is the process (and thinking) that underpins the development and analysis of the options available to the business when choosing its strategy. For the purposes of this article the focus will be on the higher level strategic planning, or corporate planning, as this is where the company's direction is set and what drives its operational performance that delivers shareholder value. In addition, it defines the company's business model, the corporate culture and its reputation from a corporate, social responsibility perspective regardless of its size or structure. Broadly speaking there are only four types of corporate strategies being: Growth or market penetration - Same products / services into same market Market development - Same product / service into a new market Product / service development - New product / service into the same market Diversification - New product / service into a new market Once we accept this then the planning process can be followed to develop a robust and valuable strategic plan for the business. We apply a rigorous structured process to strategic planning that incorporates a range of activities and analysis designed to achieve the clear direction for the business, its structure, its employees and all business activities. The first part of the process includes: Core values of the owners - These are critical as they make up the philosophy and ethics of the business and the people Goals of the individuals and for the business these are critical as it focuses everyone of the type of strategic direction of the business. Core competencies of the business - These may be based on the technical expertise of the owners however it is best to think about what competencies the business will leverage to develop the business model it will adopt Development of the businesses VISION and MISSION - These provide the focus for all future activities. A Mission statement should not be any more than two sentences of between 8 and 10 words otherwise they lack focus and are of little value to the business Your VISION is an internal statement that drives its direction and performance Your MISSION is a statement to internal and external stakeholders of how you conduct your business The second part of the planning process is where the real power of strategic planning is developed as it consists of a series of analysis - Four in fact, which are all designed to provoke a breath and depth of thought that will have a major impact on the structure and operational performance of the business. Environmental analysis - this is the business environment you operate in and it includes six elements: Political Economic Social Technical Environmental Legal Industry analysis - this analyses the industry environment you are operating in and competing with and is based on Porter's Five Forces: Power of buyers (the buyers of your products / services) Power of suppliers (those that supply your business) Threat of new entrants into the market (is it easy for another like business to establish) Threat of competitive rivalry - How competitive is the market and how do / will competitors react to your business Threat of substitutes - What is substituting your product / service in the market Resource analysis - this is the compartmentalization of your resources and is the critical link between the businesses mission / core values, structure and operational strategies / performance. It includes: Physical - Your location and physical assets Reputation - The reputation of your business at all levels Organisational - Goes to the heart of the operational structures and includes what type of human resources is required for the business Financial - The financial requirements for the business now and into the future Information - This ranges from your operational information i.e. SOP, policies, T&C of Trade etc to IP that you want to protect / hold separate to the day to day operations of the business Technical - The technology utilised within the business and the future technology requirements of the business be it systems or software or the use of media asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet asianslot slot ewallet The good old swot analysis - The strengths, weaknesses (or constraints), opportunities and threats (challenges). The swot analysis is infinitely more valuable to the process after the above three analysis have been completed because the business owner will have a greater understanding of their business and will be able to conduct this analysis with clarity and purpose. Phase three of the process is the development of the businesses strategies. This pulls together everything done to date and results setting a clear direction for the business. We have a three step process for the development of these higher level strategies, which includes Matrix for offensive and defensive strategies through the matching of: Strengths and Opportunities - Offensive Strengths and Challenges (threats) - Offensive Opportunities and Constraints (weaknesses) - Defensive Constraints (weaknesses) and Challenges (threats) - Defensive Prioritising the strategies by filtering then through a specific framework to assess their: Feasibility (do you have the capacity and capability to implement the strategy) Suitability (does the strategy suit the current circumstances of the owners and business environment) Acceptability (this is the risk / return assessment, which includes the possible reaction of stakeholders i.e. employees, your financier, suppliers, customers and competitors) Strategic choice - Based on the above select the most appropriate direction for your business. While this process appears involved, complex and time consuming it can be tailored to suit the business. However it is important to have a clear focus on the end game, which is to be a strategically focussed business that has a clear direction and purpose that can be measured. Lloyd Russell commenced his management career in 1986 with the Agri-Services company Primac Limited. During his tenure he successfully navigated the business through a major industry downturn in severe drought conditions by changing the branch's business model and operating structures. In 1995 he and his family relocated to Brisbane where Lloyd took a position with QRAA, a Queensland Government Statutory Authority. The main focus of this position was the management of numerous financial programs and strategic planning on behalf of the State and Federal governments targeting rural and regional Queensland.

Entrepreneurs Business

Importantly, all the businesses were started by guys who had at least five years' experience in the waste management industry. These entrepreneurs all had great experience in the sales and operational aspects of their employers and decided to go out on their own, within the same industry. Three of the employers were huge waste management companies that had existed for many years and still do. They held contracts for the waste management and removal of a variety of sites including office and business parks, restaurants and hotels, shopping centres, sports facilities and other venues mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass

Is a Business Incubator

Business incubators are organizations that nurture the development and growth of businesses in the early phases to help them persevere in their most vulnerable stages. Incubators provide numerous resources and support services to aid in the development of businesses. The general purpose of incubators is job creation, business retention, enhancing entrepreneurial climate, growing local industries and economies. Approximately 93% of North American incubators are nonprofits focused on economic development. About 7% are typically set up to receive returns from shareholders investments. (Business Incubation FAQs) What to Expect It is important to conduct research on the incubator(s) and consider the advantages and disadvantages before embarking upon the application process and working with an incubator. wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas wallayavillas

sq12301

 Sports Betting Champ, John Morrison is most well known for his 97% win rate NBA/MLB sports betting system. But, the Sports Betting Champ has also brought us other valuable products. A conscientious of picks called The Sports Pick Buffet, and a daily picks package called, The Champs Selections. In this article, I will provide a little background on the Sports Betting Champ, John Morrison, and review some of his products.

Firstly, Sports Betting Champ, John Morrison, is a world renowned sports handicapper, and professional gambler. In his 28 years, in the gambling world, he is yet to have a losing season. That is why he has earned the name of Sports Betting Champ.

Young, John Morrison, grew up with a passion for sports and numbers. John had great success as a student, in the areas of mathematics and statistics. He would eventually earn his PhD, in Statistics, from Cornell University.

Sports Betting Champ, John Morrison, then went on to make his living, combining both his passion for sports and numbers, in the world of professional gambling. John is well sought after, from people all over the world, for his gambling advice.

Sports Betting Champ, John Morrison, also spent almost a decade, going over the sporting database, trying to find a system that would predict winning outcomes, with the greatest consistency. In NBA basketball betting, in the years between 2003 and 2009 the Sports Betting Champ went a reported 363 wins - 8 losses, in all years combined. And, in MLB baseball betting in the years between 2004 and 2009 John Morrison went a reported 243 wins - 1 loss, in all years combined!

You can see that Sports Betting Champ, John Morrison is truly on to something!

majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman majakecman