Cheap Debt Consolidation Loans – All Credit Card Bills Into One Large Payment

Having lots of different credit card bills to pay can be a pretty tiresome and burdensome thing. While spending more money than you have at your disposal is probably the most common reason why people get into debt, it can also be said that disorganization is a big factor, too. When people aren’t organized, they just end up allowing things to get misplaced far too often. Payments get missed, amounts get confused, and before you know it, the debt is piling up. With that in mind, how do you change this? Is there any way to stop the negative cycle and set yourself up for an eventual climb out?

Getting a cheap debt consolidation loan is one way to make this happen. The benefits of doing this have a lot to do with the fact that you can magically turn lots of little payments into one large payment. If you ask any person who has been in debt, they will tell you that lots of calls come to your home, lots of letters are mailed, and there are plenty of seemingly meaningless details to keep up with when you have lots of credit card bills. If you can move all of these bills into one easy to remember payment, then you will not have to deal with some of the negative effects of disorganization.

Some people might be scared off by the fact that debt consolidation requires them to make a large payment each month. When you think about it rationally, you will see that this is really going to be an amount that’s much smaller than the total sum of lots of small credit card payments. This happens because a cheap consolidation loan will bring down your interest rates and bring down your total monthly payment, as well. Because you can stretch a consolidation loan out over a period of many years, the payment amounts will be small enough to allow for easy repayment.

Ultimately, debt consolidation loans will give you the chance to get rid of all of those pesky payments. With only one creditor to deal with, people are more likely to look at their debt objectively. Instead of thinking about their debt in terms of how daunting it is, individuals will be able to consider their debt in terms that they can handle. The repayment becomes much more realistic and that brings about a positive change for many people who have struggled for quite some time.

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Loans Bad Credit

The best path for most people to take is a bad credit loan. Bad credit loans can help not only people with bad credit, but also people who have no credit. These loans can help establish a good credit history.

What Does a Bad Credit History Mean?

If you have a low credit score due to missed payments of loans, credit card missed payments or any type of missed payments or defaults, it could be extremely hard to apply and be accepted for another loan.

It’s not the end of the world when you have bad credit; this does not mean you are doomed or that you will never get a loan again. You probably will be able to find a company to give you a loan, but your interest rates and payments will be much higher. Checking all your option before signing anything will help you find a loan arrangement you can deal with.

Different Types of Loans

Unsecured personal loans

This type of loan could be very beneficial if you are looking to borrow money without putting any thing up for collateral. This type of loan will be a little harder to have granted to you because the bank or loan company is taking your word that you will be paying them back.

Since unsecured loans are usually only for a short term such as five years or less. The interest rate and payments will probably be a lot more than for other loans, and with bad credit the payments and interest will be even more.

Secured loans

This type of loan is good for a person who is planning to try to get a loan for a larger amount than usual or for a longer period of time than usual. This type of loan is where the applicant puts up some type of collateral such as a house or a car to give the bank or loan company as security on your loan. This will give the lender some flexibility to give you a better interest rate and payment schedule.

The only problem with these loans is that your property technically and legally belongs to someone else. It’s not a problem if you always make your payments on time, but if you don’t they can seize your property at anytime. If you know you are going to be making payments all the time with no problem then you should be all right. But think about this; it’s not uncommon for people to lose their jobs due to many different reasons. It’s just something you should think about; think about what you are putting up for collateral the bank could seize it at any time.

Start Getting Your Credit Back on Track

Before you get a bad credit loan or any loan for that matter, you need to make sure you are able to pay that loan back. If you know the loan stipulations are not good for you then you should not agree to them. There is no reason to make bad credit worse.

It is strongly recommended that if you decide you want a bad credit loan that you do your research and make sure you get a fair deal. There are a lot of companies out there that will just try to take advantage of your misfortune.

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Part 1 of Your Business Plan: A Road Map to Success

Remember when you were a kid and your allowance was just never enough for all the hockey cards or bubble gum that you wanted? So like any normal kid, you came up with creative ways to make more money. Maybe you tried selling an old broken toy to your little brother, or perhaps you decided to take on a venture like the iconic lemonade stand. Perhaps, you would try poaching supplies from the kitchen, only to be run off by a parent. Or maybe, you had a more organized approach. Maybe some of you knew you would have to have a plan before the parents would let us get into something so involved. You would make a list of what was needed, what you would charge per serving and how you split up the money. It would have been your first business plan – albeit a little undeveloped.

No matter the size, age or purpose of a business – it needs a plan. Even if you started your business years ago with the intention of just running it out of your garage, you still need a plan. So what is a business plan, aside from a list of supplies and prices? It is a formal statement of goals for your business, the reasons they are attainable and a plan for reaching them. Some business plans are hundreds of pages long, others begin as notes on a scrap piece of paper. No matter how it begins, the end result will bring your business closer to success. Below is an outline of the main components to your business plan.

Executive Summary

The executive summary summarizes your business plan. The most important component of it is your mission statement. It will sum up the purpose of your business, what you will tell your clients to make them understand what it is you do. The executive summary will not contain any technical language, highlighting the most important components of the business and how you plan to make it succeed. Basically, if your reader does not wish to go over every detail of the entire plan at that particular time, they will be able to read the executive summary and still have a good grasp of your venture. If you are drawing up a plan for an existing business, include how many years in operation, the existing legal and financial structures. The document will make recommendations on how you plan to meet your goals, but the step by step details will be in the body of the business plan. If there are multiple sections in your business plan, the executive summary will summarize them. If you are seeking financial assistance, this where you would sum up your needs, the reasons you need the money and how you plan to pay it back. The document will end with a conclusion summarizing the overall executive summary. The executive summary should be located at the front of your business plan, but it is best to write it after you have written the rest of the plan first. When all the research is done and you have thought about every little detail of the past, present and future of your venture, the executive summary will be much easier to write.

Business Description

Here is where you describe your business in more detail. Some very small businesses do not include this section because the information is already adequately listed in the executive summary. For mid to large ventures, this section is very important as it gives the reader a much clearer idea of the day to day operations. If you are an existing business, list the details on your corporate structure, the size of your work force, key product lines, physical locations of assets (such as real estate and large equipment) and the annual sales figures. If you are a brand new business, your business description will be more simple. List employees you expect to hire, projected sales figures, the products you expect to push the most revenue, location of facilities (where you plan to do business), at what stage of development you are in and your corporate structure (if you have one). The management team is also outlined in this section, as well as their responsibilities.

For larger more comprehensive ventures, there will be sections on business environment analysis, industry background and competitor analysis. These are very important issues to cover, especially when asking for financial assistance. Any one defect in the above assessments could mean the failure of the venture, so be realistic in your research and conclusions. For smaller businesses, old or new, these sections may not need to be covered at all. If you feel they are relevant to your plan but do not require their own section, simply include them with the business description portion of the business plan.

The business description will probably be the first and easiest part of the business plan to write. It is a great way to begin, as it gets you thinking about all the details you may not have considered before. If we continued to use the lemonade stand as our example business for drawing up a business plan, then the business description would probably be very simple. We would describe whose house our table would be in front of, if a parent was supervising the operations and what we have already done in preparation to open. In part two of this series, we will look at the core of our business and how to document it.

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How to Evaluate the Performance of Your Company Based on Your Business Plan

A business plan is one of the most important documents that is needed for the betterment of the business. It includes all the need to know strategies, marketing techniques, sales techniques and financial forecasting methods that will be used to increase profits and revenue of the business. However, writing a business plan is no walk in the park. It takes a lot of time and concentration and is one of the biggest responsibilities that will be undertaken. For this crucial task there are dedicated people called business plan consultants. They will be the people who take the ideas that the entrepreneur has and converts it into a document that will be viewable by the whole world. Since this is a very big responsibility business plan consultant fee is a bit high. There are many factors that affect a good business plan and a great business plan will help the business clarify the business idea, identify potential problems in the business, find out objectives of the business and monitor the progress of the business. Since this is a very important document it is vital to keep a keen eye on the following factors when writing the business plan.

Executive Summary

The executive summary is the highlight and the brief description of the entire business. This has to be highly detailed but short enough so that a potential investor is able to read and understand the status of the business. It does not mean that it has to be limited to one or two pages.

The executive summary will include the highlight of the business concept which will describe about the product or service and the market that they are being offered. Then there are the financial features which talks about all the sales, profits, return on investment and cash flow. Then the summary has to mention about the financial requirement that is need to invest in the business and talk about the capital and how to expand the business. The current position of the business will be stating about the business’s present state and how it got here. Finally, the major achievements of the business is needed to be mentioned so that the potential investors could be impressed by the achievement that the business has done.

Business Description

The business description is about the details of the business. This should not be a highlight about the entire business like the executive summary but the in depth analysis of the business. The description has to start with a short introduction which states about the past, present and future of the industry. Here you should mention about the markets that the business will be interacting with and the future market places that business will be willing to interact with. The products or services that the business is still developing should be thoroughly discussed here so that the potential investors who have got an idea and are willing to invest in the business can get a thorough knowledge about it.

The structure of the business has to be described in the business description. The hierarchy of the business and the business places should be described in detail. The legal considerations of the business should be thoroughly stated so that there is clarity for everyone.

Market Strategies

When developing the market strategies there has to be a lot of market research done on the market place. This will give the business entrepreneur a very good idea about the potential market and how he can use the market to increase the profits of the business. After observing the market the company will be in a position to identify the strengths and weaknesses of the business and will be able to develop a system in order to identify the potential opportunities and threats. These studies will also be able to develop strategies to forecast the market place’s prices and when to supply more goods and services. These has to be clearly mentioned in the business plan so that these strategies can be used when necessary.

Pricing and Distribution

The process of pricing and distribution has to be clearly detailed in the business plan. The descriptions about all the prices must be mentioned in detail in this section. How the business can lower the prices when necessary and how t react to the fluctuating prices has to be mentioned in detail. The process of distribution of the products until it reaches the hands of the customer has to be clearly stated.

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Refine Your Business Description Until It Is Crystal Clear

You have probably been with owners of other small businesses on a course or in a seminar where people could not describe their businesses. Clarity on the kind of goods and services offered by your business is essential to good focus and ultimately to a successful marketing effort. Sometimes business owners, or those wishing to start a business, are passionate about the general area they want to be in such as landscaping, day-care providers or copywriters but beyond that their business ideas are hazy at best.

You should start your business; in fact you should start your business proposal, by first defining the business you are in. It is only by doing that that you will be able to come up with a Unique Selling Proposition or Point of Difference that will make your business stand out and gain you a loyal and growing clientele.

There is a simple way for potential entrepreneurs to define their businesses. They should start at the end and work backwards. If they know where they want to go then they will know how to work on the route to get there. If you set goals then the rest of the process becomes easier.

To think creatively and in new ways there are abundant tools available such as brainstorming, mind mapping and freewriting. Above all, business people should think about their businesses from the customer’s perspective. Do I meet the expectations of my customer? And who is my customer? These are the type of questions that needs answering.

Brainstorming with fellow businessmen or on your own, or by yourself, focused on what you consider to be the goal of your business, is most useful. Mind mapping goes one step further than brainstorming. It enables you to you create and perceive ways in which the interests of your business and the customer can match each other.

Freewriting is an interesting process whereby you seize upon the essence of your business and write about it continuously for anything from ten minutes to half an hour. You will know when you have written sufficient.

There are no hard and fast rules about using these tools but one. Do not assess or change what you have written as you go. Simply allow the ideas to flow. Even if you are doubt that a particular idea will be helpful just write it down. Only when you have spent sufficient time engaged in the process should you look at what you have done. Then you can sift through it all and retain what works for you. You will be surprised at what emerges.

As mentioned, these techniques can be done on your own or with others. Obviously you may want to discuss your ideas with other business people and professionals. But at the end of the day it’s your business and you need to know what it is you are offering in the marketplace. It helps immeasurably when you are asked by a financial institution or a customer to write a proposal, and when you are developing sales material.

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Your Business Plan – Detailing Your Business Description

Do not assume that anyone who will be reading your Business Plan knows anything about your business. You will need to include a number of specific pieces of information that will help the reader to understand exactly how you have set up the business.

In order to do this, include the following in your description:

1. The legal name of the business and form that it takes under the law. For example, is it a sole proprietorship, partnership or corporation. Also talk about specific divisions or departments that you have set up within the business.

2. Business ownership – Are there shareholders and if so, what percentage of the company do they control and how active are they in the operation of the business. You might also want to include a paragraph or two here about the way that you involve other people in the business either through contracts or wages. Remember to include your role and the way that decision-making is done so that the business will flourish.

3. Location and facilities – Describe the address, size and costs of the places where your business operates. Don’t forget to include any storage facilities.

4. Historical information – Summarize the way that the company started and any significant milestones along the way. Talk about products and services that have been provided in the past as well as the staffing that was required to this point in order to operate the business. If you do not have a history but are just starting up a new business, include your plans and what you hope to offer the market once you are open for business. You can talk about successes that you have enjoyed as well as difficulties and how you managed to overcome them.

5. Business Summary – Use a couple of detailed sentences that will give a brief but clear overview of the business, clientele and reputation.

The description of your business should leave the reader with a clear understanding of exactly what you have set up and how you not only served others in the past but also how you plan to continue, expand or change your business in the future, It is therefore important that you use clear language and details that will paint a picture in the mind of the reader while also inspiring that person to want to know more about your business because of the interest that they have developed during the reading.

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Business Insurance Policy and the Importance of the Business Description

One of the most important parts of your business insurance policy is also one of the most basic; the business description. The amount of detail included within the business description varies from Insurer to Insurer. For example Insurer A may just state that their policyholder’s business is “printers” whilst B might go into a lot more detail and show a business description of “lithographic and digital printers, printing of large format graphics, printing of greeting cards, property owners and business ancillary to the aforementioned”.

So if your business insurance policy is placed with Insurer A how do you know that they fully understand your business? If you are using an Insurance Broker, which I really hope you are, then you should ask your Broker to show you a copy of their market presentation. This document will include full details of exactly what it is you do, what you make, what your product does, who you sell it to, etc., etc., as well as other important informations such as your sums insured, limits of indemnity and claims experience.

If your Broker has arranged your policy through an Insurer’s online quote system, or if you have arranged it direct yourself, then it is more than likely that you will have a simple, straightforward business description such as “hotel”, “builder”, “HR consultant” or “carpet shop”. This is fine as long as you are happy that your business does not do anything out of the ordinary and that you can comply and agree with all of the policy terms and condition, and all of the assumptions detailed on the Statement of Fact or Proposal Form.

A classic example of where a straightforward business description can lead to problems is the world of Web Design. Most of the online policies available for the Web Designer or Developer have a business description of just “Web Design”. What the business description drop-down on the online quote engine does not tell you is that the majority of these policies will not cover you if you provide hosting service, or if you build e-commerce sites, or if you provide chat room or forum on your website. These details are contained within the Statement of Fact.

The moral of the story is simple, if you want to avoid any possible nasty surprises when you need to rely on your Business Insurance Policy and make a claim then please do make sure your Insurers do know and understand exactly what it is your business does.

I hope you have found this article useful and that you will double-check to ensure your business insurance company is fully aware of what it is you do.

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