Are you ready to fill out a mortgage application and get your home loan process going? Consider applying for your mortgage online in order to get the best interest rate and the best loan program for you.There are many mortgage companies online that will offer you the option to complete your mortgage application online, which is very convenient. However, make sure that the mortgage company you apply with can provide you with multiple offers for...more
Being a trustworthy professional in business today mightseem obvious, but not always followed. This represents 95%of your business success.If you have a retail store that is a clean store, make surethe doors and windows are clean, make sure the store frontlooks good. Enforce that your employees stay clean and theshelves and floor are clean.If it's a service company, make sure your servicetechnicians are wearing clean work clothes, their trucksare...more
If you're a small business owner applying for a loan or other credit, it pays to understand what lenders are looking for. From the point of view of the small entrepreneur the decisions that banks and other credit institutions make can often seem random. In fact, they are anything but.It's crucial to understand that lenders are not necessarily risk-averse. Providing credit has a built-in element of risk. By offering you credit they are, in effect, making a bet on the success of your business. Like all professional gamblers, lenders like to get as much information about their bets as they can, in order to manage and limit risk.So when they assess your business's suitability for a loan, they will look at the so-called "three C's": credit history, collateral and character.Credit HistoryEveryone is familiar with the idea of having their credit history examined when they apply for a loan. Every adult has a credit history and a credit rating based on that history. This information is shared among major lenders.Clearly companies, like people, also have credit histories. The ratings based on these are sometimes called institutional credit ratings. When you request business credit the...more
No, this is not going to be a racy article, but it is a valid comparison of the topic at hand. For those who are native English speakers, that phrase in my title usually has to do with reproduction. That's a topic I want to discuss with you in your home business.When I got started thinking about my home business, I came from a technical...more
There are a myriad of things you must think about when opening any type of business whether it is a small business or a large corporation and one of those is how business law may affect you.Failure to pay attention to business and corporate law can land you in a world of trouble-both legal and financial. The good news is that you do not necessarily...more
Peer out of your office door, what's your secretary doing right now? If you answered surfing the internet, taking a nap, or reading a magazine, it's time to rethink where your money is going. In an ideal situation, a secretary would be paid for the work they accomplish and not for watching the clock. If is my theory that small businesses can save money by hiring a secretary part time to manage office business and utilizing an answering service to manage the phones.Let's analyze this theory from purely a mathematical point of view using 6 variables A, B, C, D, E, & F. 1. Variable A: Secretary gets paid $12.00 per hour. 2. Variable B: Secretary works 8 hours per day. 3. Variable C: Secretary spends 40% of work day managing office work. 4. Variable D: Secretary spends 30% of work day managing inbound phone calls5. Variable E: Secretary spends 12% of work day on lunch6. Variable F: Secretary spends 18% of work day remaining unproductiveBased on these variables, your secretary gets paid $96.00 a day. With this figure broken down, they get paid $38.40 per day managing office work, $28.80 per day managing inbound phone calls, $12.00 for eating lunch (provided lunch is paid), and...more
So the time has come for you to purchase a home and take on home ownership.Home ownership will be perhaps the largest responsibility you ever take on in your life. But it will most likely be the most rewarding thing you ever take on in your life as...more
The DebtIn America, it is not only accepted that the majority of us are knee-deep in credit card debt, it is normal. Two generations ago it was just flat out wrong - a sin, to have any kind of debt at all. Today it is quite a different story and...more
A fundamental challenge of small business can be summarized as "too many tasks, too few people."Unlike large enterprises which can have whole teams devoted to limited tasks - think "Task force for the unification of stapler specifications and...more
Are you wanting to apply for a new credit card but feeling hesitant to perform the credit card application online? If so, you need not be concerned. Advances in the technology of secure e-commerce have made online credit card applications literally...more
Even with a Chapter 7 bankruptcy in your credit report you can still qualify for a sub-prime mortgage. Once approved, you can then use your mortgage to improve your credit history, qualifying you for lower interest rates in the future.The Effects of...more
In 1996, in the movie Jerry McGuire, actor Cuba Gooding, Jr. made famous the phrase "Show Me the Money!" Ten years later, a variation of that command, now "Show Me the Data!" rings in conference rooms throughout the country. Managers far and wide, at...more