You've heard of 'The 7 Deadly Sins', well here's a bit of a spin, but the consequences can be severe if you don't take these into consideration, or keep your eyes open for lenders who could possibly be doing this.Now, there are other more varied approaches that lenders can take, but I'd like to make you aware of the 3 more common ones.1. When NOT To Sign Over Your DeedOk, here's the situation, you're having trouble paying your monthly payments...more
I came across the below story and I could not help but think but to share this with everyone. You might find this story quite interesting. It is adapted from an audio segment by Robert Kiyosaki, best selling author of "Rich Dad, Poor Dad"A Spring Runs DryThe story is told of a spring that ran dry in a small mountain village. The leaders gathered to determine how they would supply the village with clean water. There was another spring and...more
Spending hours on drafting and redrafting the accounts books of your business can try out your patience. Moreover checking each of the transactions can also consume a lot of your time, resulting in exhaustion and irritation. Accounting is just no child's play and requires tremendous amount of expertise and accuracy. Moreover maintaining accounts is indeed a tiresome process, wherein most of your time you will need calculate and recalculate your transactions. But then this entire tedious process can not even be overlooked as maintaining a daily and accurate hard copy of your financial transactions is something that helps in determining the financial standing of your business. This further helps you to determine the graph of the profit or the loss that your firm is experiencing. Despite knowing the fact that maintaining accounts is an important task, you might be short of people who have proficiency in this field and can handle the work efficiently. In this scenario the best solution you can opt for is accounting outsourcing. In fact accounting outsourcing could help you solve all your problems and queries related to the accountings of your firm.Any business firm, whether a large...more
Remember when you first started your new business? You were excited and raring to go! You printed business cards, you created a business name and decided how much money you wanted to make. Then there was the honeymoon period. You were excited to get out of bed in the morning, get to your computer, make those appointments and follow up with new...more
A reverse merger is a method used by many small and mid-cap companies to initially go public, its the purchase of, and reverse merger into, an existing public shell company. This is inexpensive compared with conventional Initial public offerings (IPO). This is also a simplified fast track method by which a private company can become a public...more
Who wants to be a millionaire? A better question is who doesn't want to be a millionaire? Here's another one: who wants to be a millionaire that doesn't have to go to an office with a cranky boss and overworked co-workers? Nearly everyone in this world would like to change his or her financial situation in one way or another. However, desire alone does not get a person where he wants to be. Instead, the typical home business owner has the best potential to become a millionaire by simply practicing millionaire techniques. Home business owners turned millionaires learned quickly that they become those they study. So they study millionaires and their practices and even find a couple to hang out with and to learn from. So exactly what qualifies as a millionaire technique? First and foremost, genuine millionaires do not live off borrowed money. They literally own what they use. We're not talking about trust fund babies. Did you know that the vast majority of multi-millionaires in our world are not trust fund babies. In fact, they worked up to where they are today. They are first generation millionaires that did not borrow money but learned early on in life to pay cash for what they...more
The ROTH IRA is a retirement product which allows the withdrawal of tax free income from a tax deferred account, and it is a fantastic savings vehicle for people of any age, but particularly for younger people. Congress created The Roth IRA on...more
No one likes them, and yet everyone (who wants to stay out of prison) pays them. They help CPAs make a living, and they force everyone else to work harder. Taxes affect everyone. Without them we would have roads like those in most third world...more
Running your own business can be a challenge, but it can also be frustrating. If you don't have experience in running a business yourself, you may find yourself with more problems than you can handle, especially if you choose an area in which you are...more
Home business owners wear many hates. Salesman. Accountant. Ad executive. CEO. With so many hats, often home business owners end up with nothing more than just a big, hairy headache. But with some basic tips and organization, the small home business...more
Microsoft. McDonalds. Starbucks. MacIntosh. All of these names carry with them a specific image. Each has succeeded in their own area of business, and those who work for these companies, carry the company's reputation on their sleeve. Others judge...more
Bookkeeping is undoubtedly a very important element of any business undertaking and what one must make sure of is to ensure that the bookkeeping of a business is handled properly and correctly at all times. It is understood that everyone who starts a...more