Finance & Loans
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Issues with Financing Small Businesses
Article by Luke Richbourg . Small businesses face many hurdles to success. Low margins, poor product-market fit, unattractive value proposition, manufacturing or distribution challenges, internal strife, all can doom a business. However, even if the business fundamentals are sound, cashflow or liquidity issues are a particular threat to small businesses, which usually fail due to under financing or lack of capital. If your business is in a growth phase and spends more than it brings in, or requires significant upfront capital expenditures, you must take care to ensure that it is not undercapitalized. Here are a few problems and solutions that arise with financing a small business. Warning – Undertaking a…
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Why you should get business insurance
Blog provided by Robert W. Gray Business insurance is essential for any type of business because of the security it offers you, your employees, and your customers. There are a variety of different factors affecting your company finances that you can anticipate and predict, but business liability claims and property damage are often sudden and unexpected. If a customer who is hurt on your premises decides to sue your business or if a natural disaster damages your work building, your funds could suffer great losses. Business insurance makes sure your insurance company covers the costs of liability claims and replacing damaged assets instead of your funds. It also makes your…
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Purchasing a Vacation Home with Your Friends
Purchasing a vacation home has its many benefits. For one, you’ll have a beautiful house to stay in. But, in order to obtain this home, you’re going to need a significant amount of money. Many times people will split the costs of the vacation home with their friends in order for them to be able to afford it. While this sounds like a money-saver, it also has plenty of cons that can go as far as legal battles over the property itself. When it comes to routine monthly payments, you’re going to have to consider that people could opt out of their contract with you as certain issues such as…
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Don’t Settle for a High Interest Rate, Raise Your Credit Score
Leah Manderson and her husband Mark were looking to purchase their new home. Having received raises at their jobs and enjoying the perks of two salaries, they decided that they had enough to afford a down payment for a 1940s bungalow in the heart of Atlanta. With confidence in their credit score, they went to their loan officer to discuss their options for a mortgage. Leah knew that their scores would play a huge factor in the interest rate that they would receive and felt comfortable knowing that she didn’t have any red flags or late payments on her credit report. After taking a look at their credit score, the…
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The Benefit of Downsizing Your Home
When you downsize your home, you can also downsize your expenses. Here are some tips for going small that you may find useful. Real Estate Taxes If you downsize and move to home that is half the square feet of your previous house, expect to see a significant decrease in real estate taxes. The thing about real estate taxes is that they never go away. By reducing your living space, you can expect to see a decrease of up to 50%. Lower Utilities Cost When you move to a smaller house, your utilities cost will lower. Simply because there is less space to heat or cool. You wouldn’t need to…
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Private Mediation: What Construction Contractors Need to Know
You might consider yourself a construction claims expert, but do you know how to avoid taking a case to trial? If you’re not sure what the answer is, you could potentially lose thousands of dollars and untold hours of productivity. Sometimes a claim is not enough, and the other party feels wronged to the point where they need to make an additional claim. Aside from settling for a smaller amount, there is one other tactic that can provide excellent results and help maintain professional relationships. How Mediation Works Mediation involves the two parties in dispute, and a neutral third party. Their job is to try and understand the dilemma, and…
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The Impact of Publishing Financial Statements
By Samuel Phineas Upham Along with the growth of the railroad came the birth of corporate finance statements. The late 1800s represented one of the first times American corporations had the ability to pursue bigger sources for financing and growth. The railroad offered investors hands-on experience with a potential company, where they could see how an operation was run and if it was worth investing. They could also check up on their progress, all in a matter of days and with certainty. Financial statements were just the next logical step in that direction. Attracting Capital The balance sheet wasn’t any attempt at corporate self-regulation, it was a solicitation of sorts…
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When is it Worth Pursuing a Construction Claim
When you’re in the construction business, it’s important that you assess your moves before you make them. A single change to plans can cause disruptions, and add costs to the project. Those costs aren’t small change either. That usually means that a claim could be nearing the horizon. That could mean costly construction claim preparation, but does it have to? How Bad is the Damage? A production delay doesn’t necessarily translate to dollars lost, especially if the delay isn’t on something priority. You might be able to shift the workload around to accommodate for the delay. However, if there is a decision to be made and someone is procrastinating then…
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Tips to Negotiate with Sellers
Article Written by : Latest Financial Infos Buying a property is an expensive transaction, often one of the most important ones in your life. Negotiating with the seller for the price of the home is quite common, but getting what you want isn’t easy. You have to back up everything you want with data, and here is how the best negotiators in the business do it. Get an Inspection Report Arm yourself with an inspection report that details everything in the home that needs fixing immediately. Look for the big ticket items, like windows or air conditioning units, and see what is a priority to your life. This where it…
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Leveraged Property Acquisition Profit Potential
Real estate investment can offer high annual return-on-investment for individuals or firms willing to assume risk. Only professional investors with substantial net worth should consider highly leveraged property acquisition. Leverage involves the use of a higher than normal portion of borrowed funds to investor equity. For example, some investors borrow one hundred percent of the property’s purchase price. Market Evaluation Many investors obtain a realtor license in order to evaluate new commercial or residential properties on the market. With cash in hand and/or lender relationships in place, the investor looks for properties selling well below the market value. Renovation Costs When investors buy properties below market, it’s almost certain that…
