People set themselves up in business for many different reasons. Sometimes they have an idea that will fill a niche in the market or is a vast improvement on current products or services available.
Is Being Self-employed The Right Thing For You?
As well as being viable from a business perspective, its also crucial that setting up a company is appropriate for your personal needs. Its a huge commitment that will require a lot of hard work, so you need to be sure that youre up to it and that your lifestyle can support it. You also need to examine your skills, experience and attitudes, for example, can you lead a team or manage accounts, do you know the industry, and how do you feel about taking risks?
How To Create A Good Business Idea?
The two key ingredients of a successful business are a reasonable business idea and a thorough business plan, which will put the meat on the bones and turn your idea into something concrete and viable.
How To Create A Good Business Plan?
Once youve got a good idea of whether your business is viable and youve analysed the market, its time to draw up a business plan.
How Do I Obtain Capital To Invest In My Business Start Up?
Youll almost certainly need to raise money to start up your company, unless you already have sufficient capital yourself. The typical costs of starting up are in obtaining premises, manufacturing your product if you have one, buying materials, stock or equipment, marketing and fees for external consultancy such as legal help, accountancy etc. Then when youre off the ground, youll need working capital to keep you afloat in the gaps between paying your own invoices and recei…
An Introduction To Commercial Mortgage Brokers
To secure a commercial mortgage efficiently, you would do well to go through a mortgage broker who is a specialist in the area. There is a lot of paperwork to be completed when applying for a loan. Even if you prepare your application carefully and provide all required documents, you may not get the loan. This is a grave possibility, and you will have to begin the tedious process over again.
Business Loans – 7 Reasons Not To Use A Bank
So you’re a small business owner and you need a business loan to further the objectives of your company. Where do you turn?
When it comes to a business loan or commercial real estate loan, there are many good reasons NOT to turn to a traditional bank. Here are some of the most important reasons. Many small business owners, will find most of these points directly applicable to them.
“THE BANK TURNED ME DOWN”
Of course the biggest reason most small businesses go loo…
Commercial Mortgages Transform – Jan 2007 update
Many commercial lenders have gone out of business, where purchased, or have filed bk. Here is a summary of how commercial lending in California is being affected.