Although the economy has slowly recovered since 2010, there is still a long way to go before the unemployment rate is back to where it was prior to the 2007 recession. Prior to the recession, the national unemployment rate was about 5%. By late 2009, the unemployment rate had risen as high as 10%. In [...]
If you are like a great majority of Americans, you are most likely strapped for cash. Hurting for money can mean you cannot go out to eat as often as you would like, but it could also mean that you cannot pay your rent or your utilities. Luckily there is a quick and convenient way [...]
The American market has seen a number of small businesses rise over the past several years, utilizing social media and the web to create a successful business. Over time many of these businesses will expand to a point where they are unable to handle everything in-house. While many may be reluctant to consider outsourcing a service for their business, studies suggest it could actually be the best way to expand your business.
The Toil of the Small Business Owner
A great majority of small businesses handle their payroll in house. This means that they are tasked with responsibilities such as totaling hours, performing gross-to-net calculations for every employee, calculating and depositing payroll taxes, and preparing and filing tax returns accurately and on time. All of this (more…)
Generally speaking, when a person thinks about their finances and how they manage them, they tend to focus on how well their investments have done when they are compared the broader market. Recent research has shown that there is another consideration that you should be thinking about that will help with your investment firm: sec investment advisers or financial advisers. Unfortunately, how our investments preform is pretty much entirely out of our control because how they have done in the past is not a very good indication of how they will do in the future. However, who your sec investment adviser is and any (more…)
Starting a business is not just complicated, it?s expensive. That?s why start-ups and small businesses have the option to finance their venture with small business 7a loans. If you?re in the hotels or restaurant industry, starting a daycare center, or opening up a nursing home and need help on the financial end, this article is for you.
What is an SBA 7a loan?
The Small Business Administration (SBA) is a U.S. government agency that provides support to small businesses and entrepreneurs. The 7a Loan Program helps these businesses obtain loans from participating lending institutions.
Who is eligible for a 7a loan?
Most businesses are considered eligible for financial assistance from the S (more…)
Secured short term loans make the house flipping market possible. For many homeowners, the thought of owning more than one home is frightening. The thought of having to deal with the financing, the remodeling, and the selling of homes purchased with secured short term loans is unattractive. For a select group of property investors, however, the opportunity to use secured short term loans to be able to get a shot at a home that is in bankruptcy is an investment not to pass up.
Commercial property investing involves some specific financing. While most home buyers are only looking for one property that will serve as their own residence, an entire industry (more…)
If you are like most small business owners in the United States, you may be counting on your business to provide you with an income well into your senior years. Financial experts consistently report, however, that small business owners might not be investing as much as they should, relying on their business as an ersatz financial portfolio. If you are thinking about selling or about bringing on some big investors, you may want to look into getting at least an informal small business valuation every year. There are business valuation resources widely available online, but you may want to speak to an evaluator in person.
In general, the worth of your business is determined by your financial bottom line, (more…)
Are you interested in flipping a house? If this is your first time taking on a project of this magnitude, it?s important to do some research before starting anything. Many first-time flippers have made the mistake of diving headfirst into a project only to discover that they don?t have enough funds or the experience to complete the project, leaving the house half-finished and looking worse than when they started. This is why we?ve compiled a list of steps flippers should take to avoid making the same mistake.
One of the biggest areas that first-time flippers don?t consider is renovation lending. This could be a hard money loan offered by real estate investment lenders that comes with an interest rate of 15%-18% or higher. The main purpose of these loans is to provide money specifically for renovating a ho (more…)
Owning a business can be a stressful situation. However, to take some stress out of your duties as owner, it is important to invest in a small business appraisal. This is necessary for many reasons. Here are six reasons you should invest in a business appraisal valuation.
1. Giving interest to others
If you have children or family friends that you would like to share a portion of your company with, then it is smart to get a business appraisal first. You will have to adhere by strict tax laws when giving these gifts, so it is always a good idea to know the financial status of your company first.
2. Helps foster a relationship with your investors
When asking for investors, it is important to know (more…)
If you are looking to invest in a recently priced initial public offerings (IPO) stock, you may want to read up on the company first. Knowing the ins and outs about who you are going to invest in is always something advised, whether you are a beginner or expert. Here are some tips to help you manage through the most recent IPO news in the trading industry.
Find Information Prior to the IPO Company Releases Their Stocks
If you can find out which companies are going to be a part of the recently priced initial public offerings (IPO) market soon, you may need to do a little research. Getting the details on which companies are going to go public will help you anticipate the release of that stoc (more…)
Have you won the lottery? If you are like many people around the plant, you dream of winning a big lottery jackpot. Experts say that the most common form of gambling around the world is the lottery. The problem is that most lotteries do not pay it all at once. For instance, the Mega Millions jackpot pays out one big check and then follows that with 29 annual lottery payments. If that does not work for you, you can look into selling lottery payments to your cash when you need it. You do have to explain your decision to a judge and they will need a good reason to approve the sale.
Here are some of the good reasons to sell your lottery payments.
- You want to avoid bankruptcy. Bankruptcy is a big problem for many people around the United States. In Febru (more…)
Do you wish you could take charge of your debt, but it feels next to impossible? If so, you are in good company. The average American household has $15,355 debt to credit card companies, and another $129,579 in debt from school loans, medical bills, car notes, and so on. A large majority of American families live paycheck to paycheck — in fact, only about one-half of American households have enough cash on hand (or liquid assets that could be drawn on a moment’s notice) to support them for three months.
Times are tough for all of us, the cost of living is rising faster than the average household income. It’s difficult to take charge of your debt when you don’t even have enough in your bank acco (more…)
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The American market has seen a number of small businesses rise over the past several years, utilizing social media and the web to create a successful business. Over time many of these businesses will expand to a point where they are unable to handle everything in-house. While many may be reluctant to consider outsourcing a [...]
Generally speaking, when a person thinks about their finances and how they manage them, they tend to focus on how well their investments have done when they are compared the broader market. Recent research has shown that there is another consideration that you should be thinking about that will help with your investment firm: sec [...]
Starting a business is not just complicated, it?s expensive. That?s why start-ups and small businesses have the option to finance their venture with small business 7a loans. If you?re in the hotels or restaurant industry, starting a daycare center, or opening up a nursing home and need help on the financial end, this article is [...]