WHAT IS LEVERAGED FINANCE? IS IT APPLICABLE FOR YOUR BUSINESS?
November 22nd at 9:24pm
Debt is a source of funding that can help a business grow more quickly. Leveraged finance is even more powerful, but the higher-than-normal debt level can put a business into a state of leverage that is too high which magnifies exposure to risk. Financial leverage is favorable when the uses to which debt can be put generate returns greater than the interest expense associated with the debt. Many companies use financial leverage rather than acquiring more equity capital, which could reduce the earnings per share of existing shareholders. Using Leverage to Support Business Startup and Growth When a business is…
SAVINGS IN AMERICA
November 8th at 9:23pm
The average American household has $175,510 in savings. That may sound like a lot, but an average can’t tell the whole story, since millions of families have nothing put away at all while others manage to be super-savers. Indeed, as it turns out, the median American household has only $11,700. 60 to 79.9 percent Average (all households): $133,770Average (households with savings): $148,600Median (all households): $77,020Median (households with savings): $96,800 40 to 59.9 percent Average (all households): $65,830Average (households with savings): $82,730Median (all households): $34,020Median (households with savings): $54,930 20 to 39.9 percent Average (all households): $29,080Average (households with savings): $46,950Median (all households): $0Median (households with…
SBA FUNDING
November 1st at 9:00pm
The US Small Business Administration 504 Funding or Certified Development Company program is designed to provide financing for the purchase of fixed assets, which usually means real estate, buildings and machinery, at below market rates. The SBA does not make direct funding to small businesses. Rather, the SBA sets the guidelines for funding, which are then made by its partners (lenders, community development organizations, and micro-lending institutions). … SBA funding can be as large as $5 million. Most SBA funding are through banks. The SBA works with lenders to provide funding to small businesses. The agency doesn’t lend money directly to small business owners. Instead, it sets guidelines for funding made by its partnering lenders, community development organizations, and micro-lending institutions.…
CREATE A BUDGET FOR OFFICE EXPENSES
October 18th at 7:54pm
No matter what type of business you own, you must understand what it takes to run an office and prepare a budget within a range that does not exceed the revenues of the business. A basic budget should include only expenses that are absolutely necessary to running the business. As revenues increase, you can adjust the budget accordingly. Take some time to think about what is absolutely necessary to run your business–for example, utilities (electricity, telephone, Internet, water, gas) or office supplies (pens, pencils, legal pads, copy paper, stapler/staples, tape, printer ink, mailing supplies, filing supplies). Depending on your line…
HOW TO SAVE IN BUSINESS TRIPS
October 11th at 7:44pm
Business travelers spend an average of $949 on airline costs, hotel fees, and other expenses during trips around the U.S. annually. Meanwhile, for every dollar spent, companies commonly see a $2.90 profit increase and a $9.50 rise in revenue. Check out 10 of the most effective ways to reduce your overall corporate travel spend. Tighten up your corporate travel policy. Have a pre-trip approval process. Make savings on airline flights. Cut the cost of hotels. Set a realistic food and transport allowance. Plan ahead. Understand travel auxiliary charges.How to Save Money on TravelUse the Free Days. Such a simple tip I know but simple is always good. Talk to the Locals. This is…
ONLINE RESOURCES FOR BUSINESS COACHING
July 26th at 12:16am
Whether you’re a business professional struggling to earn a promotion or an entrepreneur unsure of your next move, the right business coach can set you on a lucrative path to success. Here are a few of the top business coaching services available. 1. EMyth Best for: Entrepreneurs, small business owners 2. Jay Abraham Best for: Small business owners, marketers 3. Building Champions Best for: Small business owners, managers, teams 4. Vanguard Business Coaching Best for: Entrepreneurs, small business owners, marketers 5. Melinda Emerson Best for: Female entrepreneurs, small business owners 6. Noomii Best for: Everyone 7. ActionCOACH Best for: Entrepreneurs,…
PAYROLL OPTIONS FOR YOUR BUSINESS
July 19th at 12:03am
Did you know that 1 in every 3 small business owners gets penalized by the IRS for payroll errors? Those fees and fines add up. When you add on the extra time and energy of figuring out the complicated payroll system, it suddenly doesn’t seem like a great place to cut costs. The 5 Best Payroll Options for Small Businesses Intuit Payroll. Looking for the barebones when it comes to payroll services? Or do you want a fully-automated, everything-but-the-kitchen-sink payroll service instead? No matter where you fall on that spectrum, Intuit Payroll has an option for you.OnPay. OnPay doesn’t have all…
HOW TO AVOID BANKRUPTCY
July 5th at 11:48pm
Nobody thinks filing for bankruptcy is a great idea. Even quality bankruptcy attorneys will tell you it is a last resort. The fear, the shame, the guilt—it turns your world upside down. Although someone might do everything possible to avoid bankruptcy, sometimes good people still have to go through it. But it’s definitely not an easy out. How to Avoid Bankruptcy and Spare Your Credit Selling Some of Your Assets. Pay Your Way Out of Debt.Ask Creditors to Help You Avoid Bankruptcy. Seek Consumer Credit Counseling. Get Help From Family and Friends. Settle With Creditors and Debt Collectors. Use Everything in This List. 2020 Consumer…