Should I Borrow My Way To Success As A New Business With Business Loans?
January 1, 2018 by Guest Writer -
Should I rely completely on other people’s money, through business loans, to accumulate wealth? While it is truly difficult to borrow your way to riches because your company may not be able to protect your interests in case of failure, business loans are still considered as great business tools. The problem is not in the way you would finance the business, but in the kind of business that you would like to start. Your business concept could succeed and you won’t be wasting money in it if it has any of the following characteristics: The new business meets an unfulfilled […]
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All in the Family – Passing Down Business through Family
September 28, 2016 by Business Loans -
According to the Australian Bureau of Statistics, the number of active businesses has been on the growth. In this direction, about 2.1 million Aussies either operate or own a business, and, the statistics indicate that, from the total of companies, more than 70 percent account for family operated ventures. Notwithstanding, just 20 percent of these institutions have a succession plan. In the meantime, less than a third of the businesses are passed down to the second generation, while 10-15 percent of them are transferred to the third generation. Although the vast majority of business owners are overwhelmed with responsibilities and […]
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The 5 Common Reasons for Rejection of Small Loans for Your Business
August 12, 2016 by Business Loans -
Lets’ be very honest rejection is a drag we could all do with a little less of in our lives. For small business owners it can be a real battle when entering into a dialogue with the banks over finance and prospective loans etc. According to recent research only 50-55% of small business owners nationally successfully secured finance packages of the sum requested over the past 12 months. The 5 common reasons for rejection of small business loans are: The 5 Most Common Reasons for Rejection Bad Credit or No Credit A credit score is a measure of an individual’s […]
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Crowdfunding Your Business
March 11, 2016 by Business Loans -
As the name itself suggests, crowdfunding is a method of funding your business by using the capital offered to you by a large number of individuals. Practically, a crowd will put their money together and invest in your business. Is Crowdfunding Successful? If we are talking about the success rate of this innovative method, there are a few outstanding examples we should not omit. One of the most amazing is the case of Pebble E-Paper Watch. Only in 37 days, they have raised over $10 million, which is definitely a considerable amount of money for any business. Some people needed […]
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How to Quote your Professional Services
November 24, 2015 by Business Loans -
If you are offering professional services, you are more or less obligated to provide an estimate quote for your clients. The cost of your service wouldn’t always be the same; it can go higher for new clients and a little cheaper for regular clients. Or you can set the benchmark if you are ahead of your competition. Say you are known for your expertise in photography, and you have this undeniable talent in taking pictures and capturing magnificent shots. You can raise the fees and go higher than your competition because you are claiming that you offer better professional services […]
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Getting Job Ready – Six Simple Tips for Young Job Seekers
July 28, 2015 by Business Loans -
Are you job ready? This is a question commonly asked by employers to fresh graduates or even undergraduates who want to be hired. Human resources and employers are often impressed with good grades and other school accomplishments provided by applicants. But are they ready for the real challenge? It all begins in the workplace. How do employers scan which among the applicants is ready to take the challenge? Employers may favor Gen X applicants compared to the Gen Y. They see leadership skills in Gen X while Gen Y are too consumed with social media. They are looking for that […]
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Pitching your start up business idea in 6 steps
July 13, 2015 by Business Loans -
A start up business always requires capital. How will you generate sufficient capital for your start up business? Who will provide the capital? These are just two of the questions that you will have to consider if you really want to engage in business. Aspiring business owners often encounter this problem. Who will fund your business? Newbies in particular will have difficulty in finding investors. Say you have this business in mind that you want to pursue, what are you going to do? Turn that dream into a reality. Provide documents that it is going to work, it has potential, […]
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Small Business Tax Deductions in the 2015 Federal Budget
July 2, 2015 by Business Loans -
The new Federal Budget released in 2015 has announced welcoming news of tax deductions for small businesses. The new deductions will reduce the tax revenue for the government in the short term but it will be recovered over the long term. The Federal Government’s new budget has a $5.5 billion small business package at the center of the new budget, aimed at sparking small business growth through tax deductions. Small Business Tax Deductions All small businesses that have a turnover that is less than $2 million a year will have the ability to deduct a single asset that has a […]
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Financial tips for your business
February 23, 2015 by Business Loans -
No matter the size of your business, the beginning of the year presents the perfect time to review past strategies and ensure your company is on the path toward success for the year to come. Business owners can quickly become bogged down with the day to day details of operations and can end up missing the bigger picture, but the following are some of the tried and true financial tips for business can make this year more successful than the last. Set Goals that are Attainable and Affordable There is nothing quite like the feeling of accomplishment that comes with […]
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