Locate “Warm” Markets

Your warm markets consist of all those that are close to you. This includes people such as your friends and relatives that may be prepared to invest money in your business. It may be interesting for you to show these people your business plan or offer a presentation on how you will market your products and services. If it is possible, you can also show projected revenues so that your warm market can have an idea of what to expect.

Be sure that you put all your agreements (even with close relatives) in writing. You can even seek the help of a third party such as a lawyer to prepare all the documents based on your agreed terms and conditions.

Even if you are turned down, you should not feel discouraged. Instead ask for feedback so that you know where you may have gone wrong in your presentation. It’s also possible that your target is not interested in your type of business — but they could still refer you to someone else. In fact, your family and friends are the most reliable sources of information that you will ever have. Always ask for their honest feedback to know whether your business idea is viable or whether you need to make some changes.

A Source of Funding: Your Suppliers

If your business has a healthy cash flow, you can negotiate with your suppliers to keep the cash in your hands a bit longer. For instance, instead of opting for a net-30 days account, you can negotiate with your suppliers for a net-60, which will allow you to keep your cash for an extra month. Normally, this arrangement is available without interest and this can provide valuable cash flow for your business.

The more cash that you have on hand, the less reliance you will have on credit facilities. This will allow you to avoid expensive interest rates, and will also put you in an overall stronger financial position. When paying your bills, for instance, be sure not to pay too early. This will prevent you from getting into a “crunch” — especially at the end of the month where you will need money to pay most of your bills. Be careful, because this is when you may be tempted to use your credit cards if cash flow is slow.

Ways to Earn Spare Cash Online.

Whether you are looking for ways to earn money online as full-time income or just a little extra cash monthly expenses, there are ways for you to win if you know where to go!

I’ve been earning money online for a few years now, and I can say that many people are making real money opportunities out there, but care must be taken to prevent fraud.

I would like to share with you some ways that I am able to get a household income on a monthly basis. In no way are these get rich quick method! You have to work harder and more time and effort you put forth, the more money you can make.

I have personally made money using these techniques and have been paid, as promised, each month, no problem.

Writing: If you like writing, Helium is an awesome site for you to share your writing skills and earn money! Helium offers several ways for you to make money and increase revenue. Helium paid once a month if their monthly income is over $ 25 for the previous month. They are paying on the tenth of the month and have never missed a payment from this company!

How about getting paid only for your opinion? It seems easy, right? ReviewStream.com pays people to review anything! Why not share opinions about products and companies and get paid for it? I do! Every week I write numerous reviews on almost anything and get paid for it! With Reviewstream.com, you need to make $ 50 before you can request payment. They pay promptly, usually within a few hours after you apply! They pay by Pay pal.
Do you have something to sell?

Do you have items not useful for the house that no longer your need? Well, maybe someone else could make good use of those items! Why not try to make a few dollars by selling these items online? Look at it this way, if you do not sell, nothing benefits happen, but if you do, it just became easier money? I use a different site to sell items, but by far my favorite is amazon.com. I like Amazon better because if the item does not sell, it costs me nothing, so do not miss anything! It sells all kinds of items and no way of knowing how well the items will sell. It just depends on what people are looking for and when. Some months I do very well and there have been stretches of time I left without making a dime. Amazon paid every two weeks and the tanks of their income right into your checking account.

While there are many other ways to make money online and succeed, these are the methods I use and have been very happy with my results.

Posted in: Site News · Tagged: how people make use of their spare cash, how to make some spare cash, how to make spare cash, looking for ways to make cash, ways to earn cash in a few hours, ways to make spare cash, when you have spare cash

The SBA Can Be Helpful

The Small Business Administration can be quite helpful with all the resources that they offer. There is a special service that includes experienced business owners and managers who provide counseling and consultancy services to new business owners. This will allow you to learn from real-life entrepreneurs; and most of the time, such knowledge cannot be found in books or classes.

It has been said that “no man is an island,” and similarly, nobody can know everything in business; nor will you be expected to know everything. However, advice from experienced entrepreneurs is likely to channel you to the appropriate resource to learn what you need to know. This will allow you to improve your business skills and to bring your business to new heights. It is always a good idea to seek feedback from outsiders in order to learn how you may need to improve or change your business model.

There are also many loan programs that are offered by the Small Business Administration, such as the Patriot Express program that is geared towards veterans, military members and their spouses. Another important facility is the 7(a) Loan Guarantee program, which assists small business in obtaining a loan. The Small Business Administration can direct you to participating banks that will be more open towards small businesses since these loans are guaranteed by the federal government.

This is done in order to promote the development of small businesses. There is also the micro-loan program that is operated by non-profits and can fund start-ups for amounts less than $35,000. The Small Business Administration can refer you to the appropriate service depending on your needs. However, the most important service that you can get from the Small Business Administration comes in terms of support, rather than from actual financing facilities.

Setting up a Webinar

What is a Webinar?

A webinar is a seminar which is conducted using the internet, instead of the typical seminar setup at a conference hall. etc. Conducting a webinar involves using a form of web conferencing software. A webinar will facilitate back and forth communication between the presenter and audience. This contrasts from a Webcast, which broadcasts information in one direction only. Webinars are a ‘live’ event, in the sense that information is presented according to an agenda, with a starting and ending time.

What are the benefits of conducting a Webinar? webinars can be worldwide

A Webinar can help businesses-large and small reach customers, prospects, or employees more effectively than inperson seminars because there is no need to plan travel or reserve a conference venue. Webinars provide a cost effective method to help businesses reduce travel costs, qualify leads quicker, motivate employees, and improve customer relations.

Unlike traditional meetings, webinars can feature participation by attendees world-wide.

What factors are important when choosing webinar software?

A good webinar system, should:
*Be easy to use
*Have the features you require and support the software that you use to share documents.
*Charge a flat rate (this avoids extra charges when doing a ‘trial run’ or scheduling ‘follow up’ webinars.)
*Offer a free trial period, so you can determine if the webinar software suits your needs.

Setting up a Webinar

When planning a webinar for the first time it’s important to conduct a trial run a few days before the actual event. This helps you become more comfortable with the software and work out any bugs you may encounter in the process.

Finding the Best Webinar Provider

Start by choosing a quality webinar provider. GoToWebinar has a do it yourself interface which lets you present, plan, record and analyze unlimited Webinars with an audience of up to 1,000 attendees each – all for 1 flat fee. GoToWebinar – is a new, affordable, diy Web event service that doesn’t require a consultant. Setup for GoToWebinar only takes about 2 minutes. They have a Free Trial offer.

Government and Grants – The Myths

There are many people who seek grants in order to start their small businesses. However, most of them are looking in the wrong place. Actually, the government does not offer grants to businesses, but rather to non-profit organizations that are responsible to in turn offer this money to new entrepreneurs. When looking for financing to start a new business or expand your current one, you will be better off going directly to these non-profit organizations.

Some agencies will even offer grants to help entrepreneurs write up their business plans. These grants can cover attorney’s fees or CPA costs to produce the documents in order to facilitate your search for financing. In truth, if you are thinking of applying for a Small Business Administration federal funding grant or any other loan (even from some banks), you will need a comprehensive business plan. There are many programs that are offered by state or local governments in order to assist small businesses in the writing of a business plan.

Grants are available at several places, but it may be a daunting task to find one if you are a beginner. However, you should never pay to get this type of information. Do not be fooled by some resources on the Internet that will ask you to pay a fee to obtain a list of agencies that offer loans. Most of the time, this information is not accurate and you will only lose your money. The best place to begin your search is the library, where you can consult reference documents that contain timely and reliable information. If you are not familiar with the library setting, you can always seek the help of the librarian.

Funding A Small Business

Owning a business is never easy, and there will surely be some new skills that you will need to learn if you wish to succeed. Perhaps you already naturally possess some of these skills, but there are sure to be some that you will need to develop. Marketing, sales, customer relationship management, planning, management, financial, human resource management, and careful cost management are just some of the skills that you will need. In addition, you will have to master the art of providing value for money in terms of service and products to your customers without sacrificing your work and life balance.

Entrepreneurs have sharp skills when it comes to gathering funds for their businesses, and many of them have multiple potential sources of funding when they need to raise cash for their activities. The following posts will provide an overview of the different ways in which businesses can raise money for their operational needs.

How to Make Banks Work for You
New business owners may have trouble in obtaining loans based solely on a good business idea. Although some bankers may be listening to your business idea with enthusiasm, they will actually be more interested in building a relationship with you. This is because they want to position themselves as a potential source of funding once your business passes the idea stage and enters the realm of the reality. Concretely, what are the banks looking for in new businesses, and what should a new business expect from a bank?

Banks are most interested in collateral, and also in the revenue history of your business. The collateral will act as a safety net in the event you are unable to pay back your loans due to any unforeseen circumstances, while the revenue history provides a projection of your income potential. This allows the bank to estimate a comfortable monthly repayment plan for you, without putting your business under undue stress.

Franchisees have the advantage of being able to include the franchise revenue history in an application for a loan. This is more favorable to most banks when it comes to accepting your application. You would also be wise to compare the various fees that are associated with the potential bank’s services. Although they may seem small at first, fees can add up over time and can be quite detrimental in the long run. Always keep this in mind when shopping for banks.
Most of the time, businesses view their banks as being an essential part of their activities as far as cash flow is concerned. However, when you compare this with the other sources of cash that may exist, you quickly realize that banks are only one piece of the puzzle as far as financing is concerned.
Sometimes it happens that an applicant who has failed to secure a small business loan may opt for a home equity loan instead, putting their private house up as collateral for a loan. This is strongly discouraged, as this practice places your personal property at risk, so that you could potentially lose your house if your business model fails.

Alternatively, there some people decide to offer their personal savings as collateral. There may also be a possibility of obtaining unsecured loans from brokers and other third-parties institutions. However, interest rates for these types of loans may be quite high when compared to a typical bank loan. In fact, interest rates will vary depending upon your credit rating and the amount of risk involved. It is important that you read all of the terms and conditions carefully, as these will vary from company to company. Be especially wary of early repayment fees and processing fees that may be applicable on some loans.

Eight Important People that can Help You Prevent Foreclosure

Your most important assets in preventing foreclosure are people who can help you, so before you begin composing a plan, pull up a list of people you can rely on. Your list may include the following:

Relatives and friends with money: Your dad, mom, grandpa, grandma, or your rich uncle or aunt may be in a position to help you financially, like loaning you the cash you need to catch up on mortgage payments or redeem your property. Do not hesitate to ask for help. After all, if you were in a good position to assist a relative or friend in similar situation, wouldn’t you want her to ask you for assistance?

Relatives and friends without money: Even if your relatives and friends are not well off financially, they help in other ways, such as watching your children so you can work overtime, offering moral support and cooking meals for your family.

Bank representative: Although you tend to see the foreclosing bank as your nemesis, the bank’s attorney or representative may be a great ally or at least they can offer helpful assistance. He may give you a couple of extra weeks to get the money together or figure out a payment plan with you.

Real estate agent: He may be able to sell your property for you before you lose your home entirely and all the equity, through foreclosure. Even if you don’t wish to sell your home, call a real estate agent to study this option. It is estimated that selling your house is the best alternative in about ninety percent of all foreclosure cases.

Register of deeds: The register of deeds is probably reluctant in giving any advice, but he may be able to refer you to other people who can help you.

Sheriff: If the sheriff is in charge of managing the actual foreclosure sale, he may be agree to explain to you how the foreclosure system works and provide you with valuable information.

Bankruptcy attorney: Bankruptcy may be the best option. Depending on your financial situation, you can either liquidate existing assets based on Chapter 7 bankruptcy and try to have all debts removed, or reorganize the debts under Chapter 13 bankruptcy to pay as much mortgage as reasonable and perhaps even save your house.

Foreclosure attorney: A trusted attorney who has good experiences in foreclosures in your location is your ultimate ally, assuming you can afford the expensive services. The attorney can review your financial status, mortgage and other legal documents; let you know of your applicable rights; inform you when the lender has neglected to adhere to the regulations and represent you in court; and rules in your jurisdiction.

Convert Your Assets into Cash Factoring

Factoring is also an interesting opportunity for businesses that have many accounts receivable, but are in urgent need of quick cash. Sometime it happens that your customers need Net 30 or Net 60 in order to pay their bills, but you are in urgent need of cash. This is where factoring can come in handy. There are some businesses that will agree to buy your accounts receivable, and provide you with a percentage of the account upfront. Obviously, when the invoice is paid they will keep the full amount. In fact, the percentage of the account that you will receive will depend on the risk and the credit histories of your customers.

Other Funding Resources
The following is a list of resources that can help you to find the best funding possibilities for your business:
Minority Business Development Agency of the US Department of Commerce (mbda.gov) – This is a resource specially dedicated to minority business owners in order to help them start their businesses. There are several support systems that are available, such as benefits in securing business from government agencies. They will also direct you to appropriate resources where you can obtain grants to develop your business infrastructure.
Prosper.com – This is a great resource for those who are seeking new investors to input funds in their business. Basically, you need only create a profile based on the amount of money you need, and on your financial requirements. If an investor agrees to fund your business, you then provide your bank information, and agree to repay the loan over three years.
Nvst.com – This is the site for all those seeking information on venture capitalists.
MicroEnterpriseWorks.org – This is the place if you are looking for micro-loan programs. The site proposes numerous resources and information pertaining to this matter.
CircleLending.com – This is a great resource for a company that prepares documents between relatives and friends.
Myspace.com – Many people do not realize it, but Myspace provides a classified section where you can market your products and services.

Avoid Temptation When It Comes to Credit Cards

Some people may find themselves tempted to use credit cards in order to fund a business — especially with the attractive offers from some credit card companies today. However, you must be aware that the potentially high interest rates applicable on these cards can affect the profitability of your business. In the even that you miss a payment, you will be vulnerable to higher rates and to extra charges. After having put all that effort into creating your business and bringing it up to where it is now, you do not want to run the risk of losing your business.

Credit cards should be used only in urgent situations, and not as a regular source of financing. You will be better off looking for more reasonable interest rates that will allow you to develop your business on your own terms. Indeed, this may be the difference between success and failure.

There are some credit card companies that also offer cash advances, and this can be quite tempting for some entrepreneurs. It is important, however, that you consider the high interest rates that accompany these offers. Most of the time there are other resources that are available and may turn out to be less expensive in the long term. If usage of credit cards is inevitable, make sure to use the ones that offer rewards programs. If you must, you can use them for your common cash purchases and make the payments as soon as possible in order to reduce the interest. In the event you do use credit cards for your business, be sure to collect the reward benefits.
There are some credit cards that offer check facilities that you can use to make payments or deposits in your checking account. The amount of the check is reflected either as a charge on your card or as a separate bill. You should carefully analyze the amount of interest and other charges that you may pay in order to determine how you can best use these facilities to the advantage of your business.

If you often find yourself short on cash and need your credit card to keep you afloat, then you should urgently analyze your budget in order to determine where you may have a “hole in your pocket.” This will help you to make the adjustments needed to reduce your spending and to have a more balanced budget. You should always carry an idea in your head of how much income you have and how much you spend. Indeed, cash flow is the heart of any business, and maintaining it is very important for success.