Being the only owner also comes with several disadvantages and one of these is the unlimited liability of the sole proprietor, which means that his personal assets can be used to pay off for the business-related debts and losses. It would also be more challenging to raise capital and operate the business because there is only one owner.The Simplest Singapore Business Setup By: zam enriquez About the Author Rikvin...more
If you got a good idea which is profitable but you have no money. You should go to the government grant office. Government grant is usually money given by a government agency or private business to carry out the business plan which most is from people like you. But there is also a problem. Finding free small business grants is a work of time consuming. However if you get the right direction it is piece of cake.The first and the most important are...more
Any successful business plan for grant funding needs to highlight the barriers and risks involved with a project as well as the expectation of great success. Many times potential grant seekers are too optimistic with their business plans and they omit, not intentionally, the downside to their proposal.It is important for any business plan for grant funding to include any unexpected cost in materials, labor, marketing, and loss of revenue due to delays. Whether you are seeking funding from the SBA, venture capitalist, or a government grant, the committees that review these plans are very knowledgeable about what the numbers mean. Underestimating the true cost of a business start up will not impress those who are determining whether to fund the project and will ultimately lead to rejection.Another common mistake with business plans for grant funding is the unrealistic overestimation of first year gross revenue and yearly revenue growth. A business that starts with little allocation for marketing cannot expect to be flooded with business as soon as they open their doors. The same is true with projecting a 100 percent revenue increase every year for the first 5 years. It is important...more
There are over 5,000 grants available for small business from the federal and local governments and a wide range of organizations and trusts.All grants have different criteria and different conditions, some will take the form of interest free loans others will be free grants of cash or they could be grants in the form of advice or business...more
There is plenty of government money out there. Thousands of programs have been created to assist the general population with anything ranging from small business start-ups to money for school. These programs were designed with the ultimate goal of benefiting the communities we live in. In other words, the money that is granted must be used to...more
It is no longer a matter of common courtesy for you and your business to shred your customers' confidential information. The rise in identity theft crimes has caused congress to act by passing three major pieces of legislation that require businesses to completely destroy any documents containing certain kinds of sensitive information before discarding. The penalties and fines can be steep, ranging from $1000 to $500,000, not to mention the risk of civil litigation and liability. The three pieces of legislation are known as FACTA, HIPAA, and GLB. In this article we will dive into each of these regulations, how you can best comply, and what the risks of non-compliance are. 1.) Fair and Accurate Credit Transaction Act. Also known as FACTA, This law was signed into effect in 2003. FACTA was designed specifically to reduce the growing risks of credit, idenity, and consumer fraud, by requiring businesses to properly destroy confidential information upon discarding it. Not only applying to businesses, the disposal rule essentially applies to every person in the US. The information that must be discarded include: address information, employment histories, credit histories, and...more
To meet the financial crisis of a common man Loan market has advanced its facilities a lot. They provide us with various financial options to fulfill our needs. And the greatest pleasure of these facilities is the payday loan, which offers you quick...more
WAIT A MINUTE ALAN! We've spent all this time and effort to get private lenders and now you send us a newsletter on firing them! What are you thinking?!Well, stay with me here and I'll explain. I love my private lenders. We get along great and I...more
After a while, your daily expenses for printing in your business will increase. Aside from the cost of the paper and the ink, it is important to include the cost of maintaining the printer itself. However there is a method of limiting these expenses....more
To get doorstep cash loans is a simple and quick monetary assist and now you can simply expand money at your door. Doorstep cash loans are particularly acquire at that time when the borrower has meet with his unforeseen expenses or his income date is...more
For the present time bookkeeping is essential part for each and every business industry like small business, mid and large scale businesses. Every business owner desires perfect keeping record for all the business financial transactions so...more
Still money demand not fulfilled? Dont bother; no fees unsecured loans are available to meet the demands. These loans are slowly replacing personal bank loans because banks have many formalities which take a lot of time and they charge expensive fee...more