Brent Finlay
Avoiding the top 7 business financing mistakes is a key component in business survival.
If you start committing these business financing mistakes too often, you will greatly reduce any chance you have for longer term business success.
The key is to understand the causes and significance of each so that you’re in a position to make better decisions.
>>> Business Financing Mistakes (1) – No Monthly Bookkeeping.
Regardless of the size of your business, inaccurate record keeping creates all sorts of issues relating to cash flow, planning, and business decision making.
While everything has a cost, bookkeeping services are dirt cheap compared to most other costs a business will incur.
And once a bookkeeping process gets established, the cost usually goes down or becomes more cost effective as there is no wasted effort in recording all the business activity.
By itself, this one mistake tends to lead to all the others in one way or another and should be avoided at all costs.
>>> Business Financing Mistakes (2) – No Projected Cash Flow.
No meaningful bookkeeping creates a lack of knowing where you’ve been. No projected cash flow creates a lack of knowing where you’re going.
Without keeping score, businesses tend to stray further and further away from their targets and wait for a crisis that forces a change in monthly spending habits.
Even if you have a projected cash flow, it needs to be realistic.
A certain level of conservatism needs to be present, or it will become meaningless in very short order.
>>> Business Financing Mistakes (3) – Inadequate Working Capital
No amount of record keeping will help you if you don’t have enough working capital to properly operate the business.
That’s why its important to accurately create a cash flow forecast before you even start up, acquire, or expand a business.
Too often the working capital component is completely ignored with the primary focus going towards capital asset investments.
When this happens, the cash flow crunch is usually felt quickly as there is insufficient funds to properly manage through the normal sales cycle.
>>> Business Financing Mistakes (4) – Poor Payment Management.
Unless you have meaningful working capital, forecasting, and bookkeeping in place, you’re likely going to have cash management problems.
The result is the need to stretch out and defer payments that have come due.
This can be the very edge of the slippery slope.
I mean, if you don’t find out what’s causing the cash flow problem in the first place, stretching out payments may only help you dig a deeper hole.
The primary targets are government remittances, trade payables, and credit card payments.
>>> Business Financing Mistakes (5) – Poor Credit Management
There can be severe credit consequences to deferring payments for both short periods of time and indefinite periods of time.
First, late payments of credit cards are probably the most common ways in which both businesses and individuals destroy their credit.
Second, NSF checks are also recorded through business credit reports and are another form of black mark.
Third, if you put off a payment too long, a creditor could file a judgement against you further damaging your credit.
Fourth, when you apply for future credit, being behind with government payments can result in an automatic turndown by many lenders.
It gets worse.
Each time you apply for credit, credit inquiries are listed on your credit report.
This can cause two additional problems.
First, multiple inquiries can reduce you overall credit rating or score.
Second, lenders tend to be less willing to grant credit to a business that has a multitude of inquiries on its credit report.
If you do get into situations where you’re short cash for a finite period of time, make sure you proactively discuss the situation with your creditors and negotiate repayment arrangements that you can both live with and that won’t jeopardize your credit.
>>> Business Financing Mistakes (6) – No Recorded Profitability
For startups, the most important thing you can do from a financing point of view is get profitable as fast as possible.
Most lenders must see at least one year of profitable financial statements before they will consider lending funds based on the strength of the business.
Before short term profitability is demonstrated, business financing is based primary on personal credit and net worth.
For existing businesses, historical results need to show profitability to acquire additional capital.
The measurement of this ability to repay is based on the net income recorded for the business by a third party accredited accountant.
In many cases, businesses work with their accountants to reduce business tax as much as possible but also destroy or restrict their ability to borrow in the process when the business net income is insufficient to service any additional debt.
>>> Business Financing Mistakes (7) – No Financing Strategy
A proper financing strategy creates 1) the financing required to support the present and future cash flows of the business, 2) the debt repayment schedule that the cash flow can service, and 3) the contingency funding necessary to address unplanned or unique business needs.
This sounds good in principle, but does not tend to be well practiced.
Why?
Because financing is largely an unplanned and after the fact event.
It seems once everything else is figured out, then a business will try to locate financing.
There are many reasons for this including: entrepreneurs are more marketing oriented, people believe financing is easy to secure when they need it, the short term impact of putting off financial issues are not as immediate as other things, and so on.
Regardless of the reason, the lack of a workable financing strategy is indeed a mistake.
However, a meaningful financing strategy is not likely to exist if one or more of the other 6 mistakes are present.
This reinforces the point that all mistakes listed are intertwined and when more than one is made, the effect of the negative result can become compounded.
Brent Finlay makes it easy to understand business financing. Learn how to locate and secure proper financing for your business. To receive your free 6 part mini-course visit http://www.businessfinancespecialist.com
Posted on 11 March '10 by , under Uncategorized. No Comments.
Constipation is not the only symptom that indicates you might benefit from a natural colon cleanse. It is not uncommon for hard material made of a mixture of mucous and fecal matter to become impacted on the inside walls of the colon and intestines. This causes a variety of health problems. For one thing, nutrients have a harder time absorbing into the bloodstream from the intestines. This situation, in turn, can cause a person to feel tired, depressed, and bloated.
A colon cleanse works to soften and remove this material. A herbal colon cleanse is a natural version of a laxative basically. Herbs that help you move wastes through your system include cascara sagrada bark, aloe vera leaf, and fenugreek seed. These are often found in herbal formulas for constipation.
Other herbs that support the laxative effect of the above botanicals are fennel seed, which helps with gas and cramps, and peppermint, which aids the digestion. Along with laxative herbs, a colon cleanse is likely to include herbs like dandelion root or red clover, which are cleansing to the blood and the urinary tract, so that the whole system gets cleansed of toxins.
Unfortunately, herbs can be as harsh to the system as conventional laxatives. There is another type of natural colon cleanse on the market. This is an oxygen based formula that reacts chemically with the hydrochloric acid in your stomach. This chemical reaction causes the fecal material, sometimes called plaque, to melt into liquid and gas so it can be expelled easily.
The herbal colon cleanse will cause you to pass rubbery dark material with the consistency of tire tread, while the oxygen based natural colon cleanse will give you liquid or soft stools.
Another aspect of natural colon cleansing is to add fiber to the diet. This can be in the form of bran, psyllium seed husks, prunes, and many other natural foods. It is sensible, if you have problems with constipation anyway, to eat a fiber rich diet. Fiber alone, however, will not give you a complete colon cleanse. Still, it makes sense to eat more fiber rich fresh fruit, vegetables, and whole grains, and less junk food.
Colon cleansing can also include enemas. In fact, during a colon cleanse, you might be advised to have an enema on any day that you do not have a bowel movement. The goal is to have three or four bowel movements on any given day, which are likely if you choose an oxygen based cleanse.
Removing the fecal matter from the digestive tract will eliminate many toxins from your system. This can result in clearer skin, more energy, fewer headaches, improved allergy symptoms, and many other benefits. Of course, results vary from individual to individual, but there are many reports of multiple benefits from doing a colon cleanse.
Written by Jim McDonald, the webmaster of http://www.colon-cleaners.com, an informative website about Colons and how a Colon Cleanse can help you solve a multitude of digestive problems.
Posted on 8 March '10 by , under Uncategorized. No Comments.
Are you interested in planning a trip to Hawaii? If you are, the travel plans that you have to make may seem overwhelming, especially at first glance. The good news, however, is that planning your dream trip to Hawaii is actually a lot easier than it originally sounds.
The first step in making your Hawaii travel plans is to decide on a location. Hawaii is filled with a number of beautiful islands, all of which make great vacation destinations. Maui is one of the most popular choices for travelers, like yourself. However, it is important to remember that you do have other options. These options include Oahu, Kauai, Big Island, Molokai, and Lanai.
Once you have decided on a location, you will want to start examining your overnight accommodations. This is important, as it may open up a world of opportunities for you, as well as save you money. Hawaii hotels are popular. If you choose to stay at one, you may be able to find affordable, moneysaving vacation packages. These vacation packages, although they do come in a number of different formats, may allow you to book your hotel, flight, and car rental all at the same time and for one affordable price.
In keeping with your overnight accommodation options, Hawaii hotels are nice, but you should know that they aren’t your only options. You should also examine Hawaii vacation rentals. What is nice about Hawaii vacation rentals is that they include so many different property types. These properties include homes, cottages, condos, villas, and apartment rentals. When making your choice, be sure to examine and compare rental fees, features, and convenience.
Whether you choose to stay at a Hawaii vacation rental or a Hawaii hotel, it is important to make your reservations well in advance of your trip. Hawaii is a popular vacation destination. This means that you will likely face some competition. Early reservations help to ensure that you get your first choice accommodations and that your Hawaii vacation is just how you imagined it would be.
As previously stated, if you book your Hawaii vacation in the form of a package, you often get to make your flight arrangements and car rental reservations all at the same time. If you opt for a private Hawaii vacation rental, you may need to make your reservations separately. The good news is that most online travel websites will let you do so.
Speaking of your other Hawaii travel arrangements, it is important to decide if you would like to get a Hawaii car rental. When making this decision, examine your overnight accommodations. Hawaii vacation rentals are often centrally located, but they may not be on the route of public transportation. That is why you should also examine Hawaii car rental companies. For a reasonable and affordable rate, you should have the ability to come and go as you please.
Your airline reservations also need to be made and well in advance of your trip. If you would like to book a stay at a private Hawaii vacation rental, it is a wise idea to make your airline reservations later. This is important, as some vacation rentals have limited availability dates. You do not want your flight to arrive in Hawaii two days before your vacation rental is available for you. To help you save money, be sure to price compare. There are a number of airlines that service Hawaii; therefore, you will want to take the time to find the best deals.
It is also a good idea to preplan your Hawaii vacation activities. Do you already know what you want to do and see when in Hawaii? If so, you are at an advantage. In all honesty, there is so much for you to do and see while vacationing on a Hawaii Island that you may not have time to do it all. That is why you should first create a list. What Hawaii attractions are must visits for you? Which Hawaii activities have you always dreamed of participating in, like learning how to surf?
As a reminder, an important part of planning the perfect Hawaii vacation involves making your travel arrangements well in advance of your trip. Whether you are interested in booking a private Hawaii vacation rental or staying at a hotel, visit HawaiianBeachRentals.com to start making your travel plans today.
HawaiianBeachRentals.com specializes in helping those planning Hawaii trips. Examine their large selection of affordable Hawaii vacation rentals and Hawaii vacation packages today.
Posted on 6 March '10 by , under Uncategorized. No Comments.
Swami Kuvalyanand once said: “Yoga has a message for the human body, for the human mind and the human spirit.”
This is a truism as a healthy body is the prime requisite for success and happiness in life. People are increasingly being convinced that yoga makes for good health, contentment and happiness in present day stressful life and is not just an exercise regimen.
In this article we will discuss Anuloma-Viloma (alternate breathing) pranayama. Pranayama simply means proper ‘management’ of the vital force – prana. Although the basic principle remains the same, many different types of pranayama have been devised, each with its own unique technique. Anuloma-Viloma or nadi shuddhi pranayama (nerve purifying pranayama) is one such kind and is considered one of the basic forms.
The practice of Anuloma Viloma is somewhat like the squad that regulates traffic on roads, looks after their cleanliness, beautification, etc and keeps the traffic moving smoothly and efficiently. The method involves breathing in (pooraka) through one nostril and vice versa. Therefore this pranayama has the name anuloma viloma, i.e. alternate breathing.
To practice this, you have to sit in any of the yogic sitting postures. To begin with, carry on normal breathing applying moola bandha (i.e. comfortable anal contraction). Keeping a stable moola bandha, breathe in and breathe out completely. Ensure that the moola bandha is not loosened during the process. Pause for a while between breathing in and breathing out. Breathe in deeply through the left nostril and breathe out through the right; then breathe in through the right and out through the left. Continue breathing this way, i.e. alternately from left and right nostrils, for one to three minutes.
After reaching a comfort level in this way, you may move to the next stage. Close the right nostril with the right thumb keeping the other four fingers together. Now, slowly breathe in through the left nostril at a uniform speed. Repeat with the other nostril. While breathing in, raise the shoulders and expand the chest taking the ribs up. The lower abdominal region, however, must be held in.
Benefits: The respiratory passage is cleaned and this prepares one well for the practice of other pranayamas. Breathing becomes easy and regulated. The mind becomes and heartbeat rhythmic. Also aids in enhancing concentration, memory and other mental faculties.
Contraindications: Severe pain in abdomen, swelling on account of appendicitis, enlargement of liver, very delicate bowels or intestines, disorders of the lungs, severe throat infections, growth in the nose (polypus) or blockage of the nasal passage due to cold, etc.
Warning: The reader of this article should exercise all precautions before following any of the asanas from this article and the site. To avoid any problems while doing the asanas, it is advised that you consult a doctor and a yoga instructor. The responsibility lies solely with the reader and not with the site or the writer.
Sharon Hopkins handles sites related to yoga which opens a new door of knowledge towards yoga and its health benefits Pranayama – Anuloma-Viloma Yoga asana enhances your concentration level and increases your memory power.
Posted on 5 March '10 by , under Uncategorized. No Comments.
Own a cafe? Having well-appointed wine racks will nearly certainly help your business. The New York Times lately reported on the curious case of a Chinese restauranteur in Berlin, Germany whose business took off after a television celebrity chef stopped by his establishment on account of a bottle of wine exposed in the window.
It’s not known through the article whether Wu Jinhua, the owner, uses any wine racks, but it’s almost a absolutely that he does since he is a wine connoisseur, meaning that he must own lots of bottles and must want to proudly display them, as he happened to have done that fateful day when his life changed completely.
According to the New York Times article, Herr Wu was just another bad restauranteur, purveying though he was fine Chinese food, “cooked with fresh vegetables and sophisticated ingredients,” in the Fatherland’s most cosmopolitan city. However, it was a fine bottle of German wine which Christian Lohse happened to have noticed on a table as he passed by, and a customer – and a friendship – was born. The day after Herr Lohse’s television crew went to the restaurant, business has been brisk ever since, with reservations almost de rigueur.
Alas, the normally fine article did not detail all the samples to be found in Herr Wu’s wine racks, though it is clear that he is most enchanted with Mosel riesling. “Riesling and Chinese food, it works,” he is reported to have pronounced. The Chinese food, by the way, is, specifically, “Szechuan and Shanghai-inspired.”
Okay, so you can’t say everyone is going to be a Wu Jinhua with a Christian Lohse strolling amicably by. But the story just goes to show how important it is to create the right impact, just in case. And even if you aren’t a restauranteur, it’s incontrovertible that just as most any meal will be enhanced with the right wine, most any wine will with be enhanced with the right rack!
Posted on 4 March '10 by , under Uncategorized. No Comments.
No tour of Europe is complete without an interlude in Spain. Whether you are touring Europe for the summer or are simply there for a week, Spain is one country you should include on your itinerary. Watch the running bulls of Pamplona. Party the night away on the Mediterranean island of Ibiza. Gape in wonder at the old masters gracing the walls of centuries-old museums in Barcelona and Madrid. Study the impressive architecture of Valencia and Seville. Or, commune with sun, sea, and sky in the little town of Nerja.
The vibrant little coastal town, Nerja, lies at the foot of the Sierre Almijara, Andalusia. Here, mountains plunge straight into the crystal clear sea and coastlines jut proudly against an backdrop of sea and sky.
What is there to see in Nerja?
If there is one thing Nerja overflows with, its beauty. It has the best climate in the whole Costa del Sol, and as you walk through the town, you will encounter sights that will take your breath away. It has miles and miles of verdant countryside and strips upon strips of pristine beaches. The town has remained miraculously untouched by highrises and skyscrapers, and there are very few holiday lodging options available save for villas. The villas in Nerja, Spain may not be able to hold a candle to the opulence of European hotels and resorts, but they are scenic and historic. The town itself retains much of the flavor and spirit of its traditional village atmosphere. In fact, tucked behind the mountains of Nerja is a beautifully preserved, white-washed village of Frigiliana, which shows very little traces of the passing of centuries.
At the heart of Nerja is a magnificent promenade along the edge of a towering cliff. Called the Balcony of Europe, the promenade offers a sweeping view of the Mediterranean and the small coves and beaches that lie below. On it had once stood a great Moorish castle.
Staying at Villas in Nerja, Spain
The best way to experience the quaint charms of this picturesque little town is to get your own villa. Whether bought or rented, villas in Nerja, Spain will give travelers like yourself an authentic taste of all things genuinely Spanish. The villas in Nerja, Spain are representative of the village’s charming architecture and would, thus, give you a sampling of traditional village life at its simplest and most historic.
There is a wide selection of villas in Nerja, Spain for those who need a home, whether temporary or permanent. Many of these come with panoramic views of the sea. A one-bedroom apartment can accommodate two people and go for $350 to $500 a month. A spacious four-room villa may command $335 a week during off peak seasons and $737 during peak seasons.
Many sites online give you the option of renting villas in Nerja, Spain directly from the owners themselves or through an agency. A quick look at sites like http://www.Holiday4You.com. will yield useful information about the villas in Nerja, Spain, including pricing, location, and apartment details.
In the end, though, it doesn’t matter which booking option you choose. What matters is that you sojourn in Spain. Spain is a must for the adventure seeker, the wine sipper, the history aficionado, and the art connoisseur.
Looking for villas in Nerja, Spain? Visit Holiday4You.com to find the perfect place to rent for your next vacation. You can also find here holiday flat Berlin has to offer or even luxury vacation homes for your next holiday.
Posted on 3 March '10 by , under Uncategorized. No Comments.
Working capital is one of the most essential concerns of any business. Working capital can, at its simplest, be defined as a business’s current assets minus their current liabilities, the result being a numerical description of a business’s capacity to pay off debt, known as operating liquidity. In layman’s terms, operating liquidity is a term that simply equates to the amount of financial leeway or slack provided to a business.
If a business has much more in the way of financial liabilities than they do assets, they will incur a negative working capital, recognized as a working capital deficiency or deficit. In addition, a business needs to make sure that its assets are either in cash form, or can be quickly converted to cash – or else their value remains frozen bearing little impact on the equation against operational liabilities.
Management of working capital is probably, at its core, the main concentration of any business owner. Though the particular facts aren’t quite as simple, in principle making sure a optimistic working capital is ensuring a rewarding business, as opposed to one failing or merely making ends meet. And as such, the measures that must be taken to assure positive operating liquidity are often one in the same as methods taken to guarantee a profitable business. Even earlier than a grand opening, factors such as location or advertising should be taken into thought as later they will play a large role in impacting working capital.
Once set up and running, there are a great many more concerns to be taken into account. Management of inventory, for instance, is one of them. Related right to the basic economic principle of supply and demand, inventory should be supervised so as to guarantee that there is exactly the necessary amount of product available for sale. A surplus will equate to squandered funds paid to a supplier for products a business is unable to sell. Alternatively, having too little of a product will simply leave you with a scarcity of things to sell, ergo, less profit.
Employee wages and workforce are two other crucial factors that are directly related. If an employee is paid too generously for the amount of labor they do, then again this will constitute squandered profits. However, employees who are underpaid are most times unmotivated and will not work quickly or efficiently, leaving the entire machinery of your business to operate poorly. Underpaid employees whose work cannot be expected to meet the required principles may need either higher pay grades, or a larger number of employees. Here again, too few employees will leave your business undermanned and operating at only limited capacity, whereas too large a workforce will require more pay. A careful and intricate understanding of the logistics required to efficiently run a business must be achieved, and one must find the optimum balance between the fiscal liabilities of paychecks and the size and competency of your workforce.
Posted on 2 March '10 by , under Uncategorized. No Comments.
In 1998, Google first became incorporated like a private business, launching its search engine on the Planet Wide Web. Twelve years later, Google is the world’s most well-liked lookup engine and website, and regarded as by some even to become one of the most powerful brand within the planet. As a central hub from which a single can access virtually any piece of info ever put about the internet, Google has turn out to be the flag ship in a vast fleet of details compiled by the entire globe more than for the past two decades.
Their rapid achievement and commercial growth has allowed them to extend far beyond the core research engine. Google now has its personal email client, web browser, and most notable as of recently: it’s own working method for use with cellular phones and apparatuses, dubbed “Android”.
T-Mobile cell phones had been the initial to incorporate Android using the release with the T-Mobile cell phone, the G1, also marketed as the HTC Dream as the hardware components had been created by HTC. Though recently discontinued on July 27, 2010, the T-Mobile G1 was succeeded by the T-Mobile G2 Touch (Also developed by HTC and dubbed the HTC Hero), which was HTC’s third phone to work with the Android system.
Other T-Mobile cell phones utilizing the Android operating method consist of the HTC Desire, the T-Mobile myTouch 3G (Or HTC Magic), the Nexus One, LG’s GW620 Eve, the Motorola Cliq, as well as the Samsung Behold II. T-Mobile’s Pulse Mini as well as the HTC Vision, slated for release throughout the third quarter of 2010, will also run for the most current version of Android application. Garmin, the organization most widely recognized for its substantial presence within the GPS navigation market, has also released a phone aptly dubbed the Garminfone that uses the Android operating system.
The quick decision by T-Mobile to partner with Google in making use of their operating system on their next generation of phones can only be regarded a wise a single, given the popularity and user-friendliness of Android. As of now, the net sales of smartphones operating on Android surpass those of both BlackBerry OS, and Apple’s iOS, contributing to one third of all smartphone running methods sold in the second quarter of 2010.
This considerable margin more than competed operating systems could be partially attributed to Android’s massive third party support within the development of applications. Because application development kits are obtainable to even amateur programmers, you can find some 70,000 apps currently accessible, with many thousands a lot more estimated to have been submitted. Its use from the widely well-liked Java has made user developed apps even easier to program. Android’s accomplishment as an running program can also be attributed to its basis on the Linux kernel, Linux being considered to become the most reliable, stable, and capable running techniques – itself the product of user collaboration.
Posted on 2 March '10 by , under Uncategorized. No Comments.