Speculators get a bad rap. Speculation in stocks, currecies and commodities futures is a necessary part of our economy. Many people have the idea that there is no added value in people "gambling" on commodities prices, for example. The truth is, most people just don't understand of the role of speculators and speculation. The Truth About 'Speculation'Speculative trading is crucial to a modern economy. Let's use corn for an...more
Poor credit, unfortunately, is a common problem for many women. Poor credit can happen for a variety of reasons. It can be due to a divorce, when bills weren't paid on time or at all. It can be due to a medical disaster, where bills have piled up so high that paying them has become impossible, and credit scores have dropped accordingly. It can be due to a job loss or lack of income and the inability to pay bills. Whatever the reason, it may...more
The Romans were the first civilization to sell promissory notes at a discount, beginning the industry of factoring. America was built largely on the possibilities of factoring, when colonial businesses were factored by Europeans willing to invest cash in exchange for the promise of large returns, and government bonds also use the same principles applied by businesses when they engage in invoice factoring.Invoice factoring is, at its simplest, the sale of the right to collect cash owed on your outstanding invoices. Most businesses engage in invoice factoring when they need cash up front quickly, or when they have customers that are slow to pay and don't have the resources to build an accounts collections department. Though some companies are large and established enough to get accounts receivable financing through a regular bank, it can be handy to have access to invoice factoring companies as well.Most businesses use invoice factoring to get fast cash. In the intense and fast paced business environment of today, ready cash can be invaluable. With the sale of your invoice futures, you can get the cash today you need to capture customers that will move your business...more
Unfortunately to many of us the Internal Revenue Service (IRS) is one branch of government that can never be our friend and is often feared by some less reputable business owners. When the IRS is owed money, they will get it whether you like it or not. For those individuals who owe back taxes, the state or IRS may attempt to collect those owed...more
Many people who taken the initial step and become associated with Liberty League find that this is the first step leading towards a more fulfilling life. What are the other commitments you can make to speed yourself along the path to success?Firstly read as much information as you can about Liberty League's range of proven products. Explore...more
What To Do If Your Business Loan is Not ApprovedWords that all business owners dislike hearing from a lender are, "Sorry, we just can't approve your loan." It's frustrating when your business loan is not approved, and it may feel like your business ideas are now a hopeless venture. Rather than letting those feelings of despair overcome you because your business loan was not approved, though, step back and examine things carefully.- Don't take it personally.While some lenders can approve or decline a loan based on the business owner's character, there are other factors involved when your business loan is not approved, such as credit scores, income, debt ratio, and the risk of the business. When a business loan is not approved, it is most commonly due to one of these four reasons.- Be gracious.If your business loan is not approved, be sure to thank the lender for reviewing your loan application and proposal. Don't leave on bad terms. You never know what the future holds, and it could mean that you'll cross paths again, especially if your loan approval was considered "borderline." Just because the lender said "no" today, it doesn't mean that your...more
Summary: The author draws a lesson from a classic radio skit to show leaders how they might raise their activities to new levels of awareness and commitment. A classic radio skit by comedian Jack Benny involved Benny being held up on the street by a...more
In an ideal world, a CEO selects and preps a successor. He shows up at his retirement party, collects the gold watch, and heads for a life of bliss on teeing grounds and putting greens. His replacement hops onto the throne, transitions smoothly, and...more
Last week's question from Anthony R. on how to choose the franchise that would best fulfill his life-long dream of owning his own business sparked a number of emails from other readers wanting to offer their two cents on the subject.Some folks...more
What To Do If Your Business Loan is ApprovedYour business loan is approved. Congratulations! It's one of the most exciting phone calls you can receive as a business owner. It means that your business has received the financing that you've...more
Q: A friend told me that as a woman of Native American descent I might be eligible for a special SBA program that will help me start a small business. He said I could compete for government contracts through this program. Can you tell me what SBA...more
Do not feel pity on yourself if you have numerous debts and limited finance in your hands to repay. If you are a property owner and trying to spot a reliable loan plan which can easily deduct the debts in a single amount then bad debt secured...more