Author: admin

Requirements for a successful business venture

It is not like you can just jump up and start selling something and say that you are in business for yourself. There are some requirements that need to be put in place if you want to start your business. These include; having some finances, depending on the size of the business the amount of finance will vary, a viable business model and some legalities in place.

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The Advantages and Disadvantages of Debt Settlement Services

Even though debt settlement services offer several wonderful benefits, it is vital that you understand some of the disadvantages associated with using the service. This will help you make a well thought out decision regarding such services. Actually, the gains are usually more than the disadvantages, particularly when you or your business is deep in debt. This write-up will highlight some of the pros and cons of debt settlement for your consideration. 

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Solving business financial crisis

An entrepreneur’s life is full of business ups and downs. But the troughs in his life, at some point of time, may reach such a stage where it becomes a serious threat to the sustainability of the business.

There are many factors which may contribute to difficulties in business. Perhaps a competitor outdoes you, or there can be unexpected financial changes or you may lose an important client. The first step in solving your financial crisis is to identify the issues at hand and to find ways to deal with them. You can make the most of a bad situation or you can make matters worse.

Here are several things you can do to turn around your company after hard times hit.

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What are Business credit limits?

Credit limits for a business are the threshold limit that is set by the business creditor   owed to customers at any given time without having to go back to review credit file. It is the maximum amount that an organization or firm is willing to risk in a given account. Credit limits for a business help in more ways than one. The credit management tasks for Australian business loans are thereby better and efficient saving more valuable time for the creditor firm.

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Does foreclosure affect your credit?

Millions of people across the globe are dealing with foreclosure, many more are facing possible foreclosure proceedings and this is going to affect their credit score – and perhaps their marriages as well. Foreclosure does not only leave one shelter less, it also disrupts ones life – and all by messing up ones credit score.

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Getting finance to start business

There are many things to take into consideration when planning a new small business. This is important because if you plan your organization well you will have a fair idea of the cash flow and how much investment you will need to start your business. Most companies have successfully established their business on as little as $ 1000. However, even if you need a lot more cash, there are sources you could consider tapping to bootstrap your business.

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5 ways to source money for business

It matters how much money you pump into your business and where the money comes from. While investing your own capital in a venture of your own is great because you can treat it as a loan that you have to repay and use the money that you would normally repay towards a loan to reinvest in your business and add value to it. However, there will be times when you might need to borrow money to raise capital for your business. We explain here five sources of funds you could consider to raise capital for your business.

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The importance of avoiding late repayment of credit card bills

Credit cards are a great way of managing finances. They offer instant loans with a low fee i.e. you just have to pay the 2.5 percent of the bill amount when you charge the card and then enjoy an interest free period of 51 days to repay the debt before the card company begins to charge an interest.

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Effectively repair your credit history

If you are in debt and unable to honour your financial commitments such as your mortgage or card bills, sometimes even your rent and utility bills, you have developed bad credit history. Each missed, or even late payment, is reported promptly to the credit bureaus who maintain your credit history and gleefully display it to anyone who looks it up when you approach them for a loan.

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Avoiding Bad Debt

Who said debt was bad in the first place? Just think of the things Australians would not be able to do without borrowing money and thus, getting into debt. They would not be able to buy a house, a car or in many cases even pay for their college and university education. Debt by itself is not bad, in fact it is a necessity, and its handling the repayments carelessly that makes the debt go bad. Avoiding bad debt is all about managing finances well and one can do this only by following a strict budget.

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