The Working Capital Journal is one of several commercial financing resources which should be reviewed regularly by small business owners to assist in keeping up with the imposing difficulties posed by rapid changes in the business finance funding climate. As noted below, there have been some surprising actions taken by lenders as a direct result of recent financial uncertainties. The increasingly complex and confusing environment for working capital finance is likely to produce several unexpected challenges for commercial borrowers.The working capital finance industry has primarily been operating on a regional and local basis for many years. In response to cost-cutting that has permeated many industries, there has been a consolidation that has resulted in fewer effective commercial lenders throughout the United States. Most business owners have been understandably confused about what this might mean for the future of their commercial financing efforts, especially because this has happened in a relatively short period of time.Of course, for some time there have been ongoing complex problems for commercial borrowers to avoid when seeking commercial loans. But what has produced a new set of business finance funding problems is that we appear to be entering a period which will be characterized by even more uncertainties in the economy. Previous rules and standards for commercial financing and working capital finance are likely to increasingly change quickly, with little advance notice by business lenders.Business owners should make an extended effort to understand what is happening and what to do about it due to this realization that substantial changes are likely throughout the United States in the near future for commercial finance funding. At the forefront of these efforts should be a review of what actions commercial lenders have already taken in recent months. The Working Capital Journal is one prominent example of a free public resource that will facilitate a better understanding of the responses by business lenders to recent economic circumstances.By publicizing actions taken by commercial lenders, this will contribute to these two goals, both of which are likely to be helpful to typical business owners: (1) To highlight controversial bank-lender tactics with a view toward reducing or eliminating questionable lending practices. (2) To help business owners prepare for commercial finance funding changes. To assist in this effort, sources such as The Working Capital Journal are encouraging business owners to report and describe their own experiences so that they can be shared with a broader audience that might benefit from the information. Some of the most significant commercial financing changes reported so far by commercial borrowers involve working capital loans, commercial construction financing and credit card financing. A notable situation of concern is that predatory lending practices by credit card issuers have been reported by many business owners. Some specific businesses such as restaurants are having an especially difficult time in surviving recently because they have been excluded from obtaining any new business financing by many banks.One of the few recent bright spots in business finance funding, as noted in The Working Capital Journal, has been the continuing ability of business owners to obtain working capital quickly by business cash advance programs. For most businesses accepting credit cards, this commercial financing approach should be actively considered. Business cash advances are literally saving the day for many small business owners because most banks appear to be doing a terrible job of providing commercial loans and other working capital finance help in the midst of recent financial and economic uncertainties. For example, as noted above, restaurants are virtually unable to currently obtain commercial finance funding from most banks. Fortunately, restaurants accepting credit cards are in a good position to obtain needed cash from credit card receivables financing and merchant cash advances.
Home bases businesses are as varied as their are people working them and they range from excellent business opportunities to real rip offs that have as their only intent of making the originator rich. So, with all the options and all of the pitfalls out there how do you decide which one will work for you, your situation and your family? How do you decide which one is the one that will allow you to make money and have fun while you do it? Here are some tips that might help in making your decision.First, home based businesses are a valid work/business option for the average American family that can’t afford to begin a business the old fashioned way. The cost of beginning a business the traditional way can cost thousands or even millions in start up money while starting a home based business can be very reasonable ranging from a few dollars to a few hundred dollars. To begin your process of determining your best home based business options start by getting a pad and pen and begin to write down things about which you are passionate. What are your hobbies, what are the things you like to do, what are the things that you are now invested in with your money, time and resources, what are the things you like to talk about the most? When you have your list completed begin to prioritize them. These are going to be a basis for deciding what you want to do for a home based business. There are a lot of different ways to make money from home. You can work for your current or previous employer on a contract or consulting basis which is generally called “telecommuting” or you can find a business that you own and run that pays you for some kind of activity. Basically in most businesses you trade time for money. In a home based business you can find positions that will trade time for money or you can find businesses that give you money for your results. Some examples of home based businesses are Affiliate Marketing Businesses, Direct Sales Businesses, Multi Level Marketing Businesses, Network Marketing Businesses and Webstore businesses. Each of these have different values and benefits as well as start up costs and ongoing operational costs. You can go to a seminar to find out how to set up a website and start an affiliate marketing business where you have your own website and drive traffic through your site to some other site and when the customer buys something from that site you get paid a commission. People often end up spending several thousands of dollars for this approach but it can be very lucrative. Direct sales businesses generally have a product that you are responsible for selling to your friends, neighbors and through website traffic. The entry point in this business varies from product line and company to other product lines and companies. As you can see each business model is different and has a different cost associated with it.After you have created your passion/interest lists and you now know the types of home based business models you need to know why you want to develop a home bases business. It might be to eliminate debt, to pay for a child’s education, to be able to survive the current economic downturn or any number of other reasons but regardless of your reason why, you must know your why. It will keep you going when times are hard and you are not getting the results you want or need.When I went through this process I found that my wife and I found that we needed and wanted to pay off our credit card debt and to pay off our house. We wanted to be able to continue to fund our daughter’s college education, we want to travel and we want to provide for our financial future. We found that among our passions was shopping and saving. I love to negotiate and she loves the result of my negotiating. We know about coupons, discount shopping sites and all of the ways to get money back when you shop. When we evaluated all of the options we found a program that helped us to save money when we shop and helps us make money. With this program we were able to make money without having to recruit others (which many home based business models are based on), there was a product that had intrinsic value and the entry point was very low. Basically it met all of our interests and requirements and the return on our investment of time and money could be substantial. The company had a complete, easy to follow marketing plan and there was a proven track record that the program could work when you worked it the right way. The internet is among your best resources for researching home based business opportunities but don’t be fooled because there are a few people out there that have something bad to say about a person involved in the business or the organization itself. Everyone is going to make some enemies along the way. Ask the person to whom you speak for references. Ask for people that have done the business for a while and have been successful. Ask for someone that is just starting out and ask them why they choose this business model. Review the pay plan. Can you make money with it? Does it reward you for the things you are good at doing and want to do? If you hate sales and you are going to have to do a lot of sales this is probably not the business for you. If it’s mainly data input or sitting in front of a computer all day and you are a people person this is likely not the business for you. But, once you have found the one that fits your interests, your passion and you know your why you are in a position to be very successful with a home based business.
Financing a dump truck is different from financing a car, pickup truck, or any other vehicle. A dump truck buyer will probably find dump truck financing to be easier to get and more readily available than other types of commercial financing. For the most part, the reason for this is the high value of dump trucks and their high earning potential. Lenders still strictly view finance applications, but they are able to afford more flexibility in dump truck financing for these reasons.Lenders, in fact, are very aggressive in promoting dump truck financing. Obviously this is because loans for these trucks are profitable to lenders and are reliably serviced and paid by borrowers. This is an interesting distinction from most forms of commercial financing, and even most vehicle financing of any kind, in that vehicle loans can generally be hard to qualify for and secure. Dump truck loans, however, are seemingly more easily obtainable. Financing is available for both new and used dump trucks.Applicants for any kind of vehicle financing are normally screened as to creditworthiness. An applicant’s credit score will affect vehicle financing availability, as well as the rate and terms. The same is true with dump truck financing, but in fact many lenders feature financing targeted to buyers with bad credit. Credit is still an issue and lenders do qualify buyers in terms of credit, but buyers with bad credit are not excluded from financing. Given the high value of a dump truck and its potential profitability, lenders are able to extend credit to many buyers who might not normally qualify for vehicle financing due to credit.Lenders also stress the simplicity of applying for financing for these trucks, and looking at lenders’ websites, the process does seem simple. Applications are short, and lenders indicate that credit decisions are often made in one day or less. This is commercial financing, but financial statements are generally not required with an application. Applications seem to focus more on the type of equipment to be financed, and less on the party it is to be financed for. Lenders ask for details on the truck to be financed, such as type of truck, including standard, articulated, or transfer, make, model, and year, along with details on the bed and lift mechanism. Lenders also ask where the vehicle will be operated from, allowing even for the truck to be based at the owner’s home. Borrower details are also collected, including information on the operating company, if any, and details on the individual buyer or buyers. Social security numbers are taken from the individuals, and applications do require a release of credit information from the borrower. The applications are credit applications. Some applications, though, also ask the applicant to merely estimate his or her credit score or Fair Isaac Corporation (FICO) score.The hauling business can be a very profitable business. These types of trucks have the potential to earn very high incomes and create substantial cash flow for an operator. They also command high values, with new ones commonly selling for more than $200,000, and even used trucks three and four years old selling for $50,000 and more. Buyers needing financing will find financing to be available, even in the case of poor or bad credit. Of course, lenders are always strict in granting loan approvals as it is always necessary for a lender to have success in collecting loans. Still, given the unique business characteristics of these types of trucks, financing standards may be more flexible.
What do you do if you want to learn driving a car? You will try to find an expert teacher, isn’t it? You do not want to avail the services of a novice individual to help you out, but a professional person can provide you the vital tips and most importantly guide you efficiently. Similarly, when it comes to investing in the stock market for the first time, you require a knowledgeable advice to attain your financial goals and get profitable returns.
If you are a beginner, then it is quite obvious that you may be having no information about the process of buying the right shares in the market. In such a situation, getting the right tips from an experienced financial advisor or a registered advisory company will truly prove to be a great blessing in disguise. However, there are some of the important things that have to be kept in mind while choosing the top stock market advisory company, which are as follows:
How much assistance do you actually require?
Before you make up your mind to hire an advisor, it is imperative that you must first decide about the kind of service you require from them. You may need their help at the beginning or during the time of any issues. This is because an advisor has to formulate a map according to your requirements. Hence, it is suggested to ascertain your needs first and then take further action.
Choose a top ranked advisory company
It is a very important point that has to be taken into the consideration. Availing services of the well known advisory company or a financial advisor is an absolute necessity. Make it a point to carry out a proper background or research work about the company. Check out their credentials, reputation, experience, etc before hiring them.
Asking for a sample financial plan initially makes sense
When hiring a financial advisor, then do not forget to ask for sample plan first. It is imperative to note that there is no such thing called the perfect plan. A sample plan will help you to determine whether an advisory company is actually making sense according your requirements or not.
The financial planners or advisory companies can really turn out to be the greatest asset for you if you choose the best one. They are just like the professional sailors who can help you out to sail through stock investment related problems quite efficiently.
Deepak is a financial advisor who likes to provide quality tips to the people facing any issues with regard to investing in the stock market. He likes to keep himself updated about the stock market by reading articles, news and blogs, etc.