If you operate a small business, you may feel that your income potential is quite limited. However, you can increase and diversify your income through international trade.1. ImportingRetail store owners can find additional products to sell from foreign manufacturers, distributors, and other suppliers.Advantages of importing include increased product selection, lower costs, and increased income.You may even decide to go exclusively into the import...more
Here's another awesome question I received from my discussion board. The question; Why bother keeping property after it's rehabbed? Why not sell it after the rehab and GET PAID!Of course, the first questions that you must answer is how emergent is your need for quick cash? You can likely generate the most SHORT TERM cash by selling a freshly rehabbed house. But, you will give much of it away in taxes come next April.If you keep it, you stand to...more
You may have heard about the distinct advantages of offering credit-processing services to your clients, but do you know how to obtain a free merchant account? Many lenders request applicants to pay an online credit application fee that can run more than $100. Others waive this fee, but they then impose other types of costs, like an annual membership fee. Yet there are some lenders out there who offer a merchant account at no direct cost to business owners. While there will be expenses associated with processing transactions and performing service maintenance on credit processing equipment, some lenders will limit their merchant account costs to fees like these and provide the card account at basically no extra cost to the business owner. To find out more about how to take advantage of this type of offer for a free merchant account, ask your business banker for details. If the bank cannot provide information, check with other business operators in your area to find out if they have merchant accounts and where they got them. Some may have a free account, so you will have to ask for details if they are willing to supply them. Otherwise, you can always use a search engine to browse...more
Tips On Taking Care of Your Tulips Tulips are from Holland, right? Not exactly. Tulips are actually from Turkey. Tulip means Turban in Turkish. Regardless of the orgin of Tulips they are a beautiful flower that people of many backgrounds enjoy. The flower experts would say that tulips are perennials. However, they can be regarded as annuals. ...more
Are you confused about whether you should hire a contractor vs employee? If so, you're not alone. Knowing when it's time to hire a contractor instead of an employee is one of the most confusing aspects of employment for many businesses. Below we have provided some tips to help you sort through the confusion regarding independent contractor vs....more
It's about who you know, NOT what you know! But, what if you don't know anyone? Then what are you suppose to do? You suppose to go hunting and make contacts. When finding any job the first rule is to make looking for a job your JOB! Finding a Job Is Your JobIf you are unemployed then you should put aside at least 6-8 hours of each business day for applying to jobs, making contacts, interviewing, and staying on top of your industry. This strategy will always award you a job in less time. Your goal should be to apply to a minimum of 3 jobs per day. You should manage a list of contacts of everyone you directly or indirectly make contact with. If you already have a job, then you shouldn't be looking for a job. But, if it is imperative that you find a new job, then it will be more difficult to find the adequate time to job hunt, therefore you should put aside the time for your job search as it becomes available.Analyze Your CraftYou should know your craft. Know the skill you hold and the level at which you best perform. Rate yourself fairly, do not underrate your talent. Know your worth, but better know the least (salary) you are willing to accept. It is important to know...more
Gone are the days when money could be fetched either by mere mortgaging or financing something. Now it is time to get money via an amalgam of the two i.e. Mortgage Refinance. Mortgage refinance is a smart idea to have a good credit sum and repay it...more
Years ago, I took over as a manager of a restaurant in a major city. As expected, we had a good sized lunch rush every day, but the place never seemed to be filled.The previous manager, although well-intentioned, had been gruff with customers and...more
Small Business Lenders are certified by the U.S. Small Business Administration to provide guaranteed funding to small business owners. Due to the diversity of applicants and the different business types, the SBA partners with their lending partners...more
Because of the way credit scores are calculated, some actions you take will affect your credit score better than others. In general, paying your bills on time and meeting your financial responsibilities will boost your score the most. Owing a...more
If you are in the process of purchasing a new home, it will definitely be in your best interest to have a home inspection done.Not only will you want to have a home inspection done for your own sake, and peace of mind. But most lenders will require...more
While there are many duties and tasks to fill your hours and days when starting a business, one of the most important tasks that should be handled early on is to obtain a business license or business permit. Unfortunately, many people overlook this...more