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After turning a small business into a success, it may seem like a proper reward would be to obtain a personal mortgage and buy a home. However, that small business, even as a success, could throw some hurdles in the way of reaching that goal. While recent regulations have increased the number of hoops everyone has to jump through to get a loan, lenders can be especially wary of approving small business owners for a personal mortgage loan. Fortunately, there are a few things those owners can do to make the process go more smoothly. Tips...

Money Management is a MUST during this trying/difficult economic times and every individual or business enterprise should always go for cost effective measures to manage cash position. A business owner or individual should spend their money on interest bearing things or items and should identify NEEDS and WANTS.  Spending beyond our earning or sales capacity and uptick in prices of goods, raw materials & gasoline could cause business bankruptcy or emotional stress. On a personal point of view, everyone should understand their buying...

Launching a new business almost always requires a tremendous amount of time and money to get the job done. Even with the best products and ideas, the amount of effort and resources it takes to build brand recognition and start making sales can be overwhelming. Thankfully there are several steps you can take to lower your start-up costs and get your business off to a more successful start. Start your company online By starting your company online, you will be able to start establishing brand recognition and selling your products without...

Small businesses are the lifeblood of any nation, but just 40% are profitable. Of the remaining 60%, half of these break even while the rest are always in the red. With so many firms running at a loss, it’s not surprising to hear just 9% will survive a decade. Make sure your business beats the odds by learning the major financial mistakes small businesses make, and how to avoid them. Neglecting Cash Flow You can do plenty of work on the books and still fail if the money isn’t coming in. Ensure you send out invoices promptly...

Unless you’re running a large organisation, managing a complete IT team will be impossible from a financial as well as a physical standpoint. You may not have the technical expertise to set up a decent team while still paying them the salaries that they expect. Fortunately, there is an easy alternative: simply outsourcing your needs to a qualified third party. You may have already heard about services such as virtual offices but did you know you can also find outsourced IT contractors as well? These tech experts will help improve your...

A consistent and stable cash flow is always important for any successful business. So if you’re wondering about how to more effectively manage your business’ finances, here are the 7 best tips to improve your small business cash flow. Always Know What Your Loan Options Are Almost all businesses will need loans sooner or later. So try to consult a lender network as soon as you can to see what sort of small business loans you have access to. Even a relatively modest loan can help you cover certain holes in your budget that will,...

Efficient negotiation skills are important in all fields and industries. You need to find a proper way to get what you want. Practice makes perfect, so you’d better keep that in mind every time you have to close a deal. Setting up successful negotiation is that simple, as business people must be fully prepared for what’s about to happen. Things can go south at any time, and that’s why you need to watch out. The following tips will greatly help you improve your behavior as a negotiator, so you might want to check them out. Your best...

Business people are constantly struggling to identify and learn the best negotiation tips, mainly when it comes to those who run small businesses, since they’re probably the most prudent negotiators. They’re aware that their negotiation skills will lead the business either to success or failure. If you happen to be in this situation, note that you have to make the most of what you have to close a great deal. Negotiators are used to making use of their humor when they’re involved in a negotiation, and that might be a good thing....

The debt has been erased, the phone calls have stopped, and you have resolved to keep your future debts under control. Whether the problem originated from a divorce, overwhelming medical bills, or the habit of living off your credit cards due to an unforeseen unemployment, bankruptcy can be the solution that helps put you back on level ground. Things should be looking up for you, yet you still have that stigma to your credit score.How can you move beyond that creditor’s red flag to rebuild your financial security? These few tips for...

The job of the corporate finance professional is much more than just keeping books and preparing taxes. Today’s Chief Financial Officer is a board-level decision maker who helps captains of industry manage financial risks and plan strategically for the future. Since the passage into law of the Sarbanes–Oxley Act of 2002, the penalties for non-compliance with the latest financial reporting regulations have become severe. For public corporations and all small businesses with aspirations for growth the stakes have never been higher...