The foundation for a business to be financially healthy is Skill, Commitment, Education and Organization. When you have the knowledge to correctly manage your finances your business is sure to be successful. Managing a business’ finances includes maintaining and managing your financial books, planning ahead, having knowledge in basic accounting, managing debts and credits, understanding […]
Banks are so-called financial intermediaries. They form the interface between investors and businesses. They collect the deposits of the capital providers and issue money in the form of loans to borrowers. Investors include, for example, private households who invest part of their money in the bank for profit, but also companies or the state. Likewise, […]
Starting a business is not an easy job. It requires your full attention. Having a business can be an exciting and invigorating experience. Every business needs a business plan. This will serve as a guide for the business. It contains several guidelines that can help the business in many ways. The goal of every business is to let their product and services to its the public. In a business plan this may also contain ways on how to procure finances to start a business and to promote its growth. Having a good business plan can also attract potential investors. Investors will be very interested in investing in your business, especially if they see its potential […]
Handling a small business is not easy. We have to follow certain steps in steering your finances to make it very successful. Here are some steps to follow to guarantee that your small business do well. Money Management For Small Businesses It is advisable to have a separate bank account for your small business. Do […]
When buying a new home, getting a homeowners insurance policy is a major part of it. Your home, after all, will be one of the greatest valuable assets you’ll ever have possession of, and a homeowners insurance will provide protection to that asset. Many, however, are overwhelmed with the task of trying to comprehend a […]
Youth is a time for exploration and adventure. More often than not, we spend these times either trying to build a career or discovering our passion. It is said that youth is wasted on the young. If you find yourself sitting on an idea that you think could be the next best thing later in […]
It is for a fact that most businesses survive on the money it earns. A good business has to have a good financial standing. Any business should have the ability to manage their finances properly. It allows them to be more accurate with all their financial reports. The reports will reflect gains and losses. With […]
Never have to work again. Afford all the things you have wanted for a long time. Just pack your bags and travel for a long time. All of these things promise financial freedom. But when exactly are you financially free and how much money do you need? What Is Financial Freedom? First of all, it […]
The government of Singapore continues to demonstrate support for innovative financial companies, by approving the $6 million Fin Tech Solidarity Grant. Results of a recent survey conducted by the Singapore FinTech Association revealed that about half of the survey’s total respondents are startup companies adversely impacted by the economic regression spawned by the COVID-19 pandemic. […]
The Pandemic Unemployment Assistance (PUA) of the CARES Act addresses the need of self-employed individuals, independent contractors and gig-workers. The PUA gives special attention to those who under ordinary circumstances, run businesses that do not qualify for unemployment insurance benefit or the SMB loans extended by the Small Business Administration (SBA). The PUA program also […]
The cannabis industry is not the primary thing that comes to your mind when you think of getting stocks. Further, those who are in the business and monitor its trend may say that the industry’s status is fluctuating and are getting worse. It is also note-taking that there are companies who struggle much with the […]
With successful start-ups, the customer base grows and new products complement the offer. With increasing sales, the capital required to hire new employees or move into larger business premises increases. Established companies also need fresh capital to expand. To this end, the companies have various financial means at their disposal to increase liquidity and to […]
Definition: Franchise systems are networks of independent entrepreneurs who practice the same business model and operate under the same brand. The initiator of a franchise system is the franchisor, who contractually obliges his franchisees to use his brand and implement his business model. The brand and business model are the intellectual property of the franchisor. In exchange for the payment of fees, his franchisees acquire a temporary right of use. […]
Need financing? You can often go to the bank for this but they won’t offer instant loans. Nonetheless, there are also other options. In this list, you will find six options to find the money for your company. 9 Startup Funding Options – Business Loans + More 1. Private investors Private investors (Informal investors) want […]
