With interest rates having rocketed to 5.75% last year, and with many lenders hiking up their interest rates, such as credit card providers and loan providers, it is little wonder that so many of people are struggling to keep their outgoings under their income level each month. Although interest rates have come down to 5.25% which is good news, the credit crunch, which recently swept across the country wreaking havoc in the financial markets as...more
The need to use seller finance when trying to sell your privately held company has come back into vogue due to the lack of third party finance being readily available. Some techniques less known and used, however, are available but require a clear understanding between the seller and buyer and may then need good legal agreements to clarify, protect and define the responsibilities of each of the parties. Here are five options...more
The need to use seller finance when trying to sell your privately held company has come back into vogue due to the lack of third party finance being readily available. Some techniques less known and used, however, are available but require a clear understanding between the seller and buyer and may then need good legal agreements to clarify, protect and define the responsibilities of each of the parties. Here are five options both a seller and buyer may want to consider.Option One: Allow the buyer to assume the sellers credit. Both parties need to be clear on their roles and responsibilities, but if the buyer is able to run the business and continue to buy all inventory or other items the seller always bought and paid so they earn a high credit rating, this can make the transition of the business easier to the buyer. If this method of financing is considered, an agreement should include a separate indemnification clause between the seller and the buyer making the debt the ultimate responsibility of the buyer. Using a good attorney is best to prepare this legal document.Option Two: A similar idea to the one above but of the buyer assuming the sellers credit,...more
Do not get your website designed if you do not know the ins and outs of this field. Your website will be your online shop and you certainly dont want to make your shop look bad. So, you need to know all the vital elements that can make your business website look really professional. Without these vital elements, you will create a website but it...more
There has to be a reason that some part of a business does better than other parts, why some employees are more productive than others, why some sports team dominate their sports etc. There really is a logical explanation, and once you understand what it is and how it works, your business in fact your life will never be the same.The Pareto...more
Many people ask me, Sherese, how do you continue to thrive even in a down economy? The truth is, although Im thriving, times are still tough. The challenges of keeping our profit margins on track keeps me on my toes and reveals that the foundation I've built works! Here are five ways that I keep Effició on the success track no matter how many drops the business rollercoaster has:1. Collaborate. Business owners have many needs and want their solutions based on their unique situation. I try to address these needs by collaborating with other experts to provide an enhanced learning experience. Not only do our customers enjoy the benefits of our expertise but myself and my collaboration partner become better business people for working together vs. going it alone.2. Look for High Level Opportunities: This can be tricky but worth the time to plan it out. Even though Effició is known for providing all the tools a business owner needs; we still need to align ourselves with International brands and organizations. By looking for partnerships and/or alliances with well known brands that speak to your target market; you will expand your market share and open up many opportunities...more
I think it is about time that somebody started a trend to write simple articles about the Forex market for the new investors out there because the last thing they need is technical jargon and trumped up descriptions that will leave them breathless...more
Your hard work in providing good online business practices shouldn't go unseen, so therefore you should request feedback ideally by email form from your customer once they have received their goods, so that you can display it proudly on your...more
Let me just say, there are too many online trading courses on the internet, too many that offer differing services and approaches. The internet has allowed many people and companies to not only develop with ease, but to also market them to the mass...more
Every big business we see today definitely started from humble beginnings, some even with single personnel such as the owner himself, and without much funds to spend. Before they have become national or international, they definitely...more
Online business directory can be considered as a powerful tool for establishing a person's business presence among number of internet users. Gone are the days when people had to rely on those offline types of business directories...more
Successful businesses operate on the theme if you fail to plan then you plan to fail. Keeping a close watch on your cash flow now can prevent problems in the future. There are a number of key items you need to focus on to ensure cash flow problems do...more