POST CATEGORY : Finance

Commercial Mortgage Loan Alternatives For Small Businesses

Obtaining commercial property loans and mortgages is becoming increasingly difficult as a result of increasingly restrictive lending requirements by traditional financial institutions. Due to this, numerous small businesses who are looking to purchase an office of their own, expand their current premises, or buy out another business, are turning to alternative lending options.

Commercial mortgage loan alternatives

Commercial property finance can be complex and difficult to understand, as each project may require a different form of funding. Here, we’re taking a looking at the commercial mortgage loan alternatives small businesses may consider in order to fund their latest project.

Property Development Finance

Short term property development finance can be sourced away from traditional financial institutions, often through P2P lenders, or brokers with access to exclusive lending facilities.…

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Types Of Insurance You Need To Protect Your Business

As a small business owner, limiting risk and ensuring business continuity should be your main priority. One of the major reasons a business will collapse is a result of bankruptcy, and threat of legal action can be a major cause of this.

Business insurance protection

In order to minimise the risk of bankruptcy in regards to this avenue, you should ensure that your business is protected at all times. Opting for a number of different types of insurance as soon as you start your business should be a top consideration.

Here, we’re taking a look at the types of insurance you should have in order to protect your business.…

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Small Business Taxes and Financial Regulations: Understanding Administrative Tasks

If you’re working inside the framework of a small business, there are a lot of details that you have to understand as you move forward. And two significant categories that surround lots of these details include taxes and financial regulations. The information surrounding these topics isn’t necessarily complicated, but it is specific and integral.

Doing small business taxes

Consider for a moment the knowledge that you’ll have to have of registering a business, representing your company concerning taxes, knowing how to purchase insurance or other processes to help with liability, and what to do in case of bankruptcy. All of those areas of concern are important to someone working to make a new, small business better.…

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3 Key Ways Your Small Business Can Save

Keeping down costs as much as possible without sacrificing quality is critical to any small business if it’s going to stay competitive, maintain a high customer satisfaction rate, and ultimately grow into a medium or even large-sized business somewhere down the road.

Business setup

Many small businesses these days can be run by only one or a few people, at least in their “infant stage,” and sometimes can even be run entirely from a home office with no physical business property.

But no matter how minimalistic your business may be, there are three areas you probably can’t do without: a quality business phone system, a good website hosting service, and fast, affordable shipping.…

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Why Outsourcing Your Accounting Makes Sense for Small Business Owners

Were you aware that out of all the new businesses established each year, that only 20% of them make it through their first year? And of that twenty percent, only half of them survive 5 years. Even though there are plenty of reasons why they don’t succeed, in many instances it relates directly to finances.

As money is required to operate, entrepreneurs must not only learn how to generate profits but manage those profits accordingly. Accounting and bookkeeping, for this reason, are of the utmost importance to a company’s lifespan.

Outsourcing your accounting

Why DIY Accounting Isn’t Always Efficient Enough

It is not uncommon for an entrepreneur to take on accounting and bookkeeping responsibilities in the first few years of their establishment.…

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Using Personal Loans for Business Purchases: Pros and Cons

There are many times along the journey as an entrepreneur where the shortcomings of available funding can throw a wrench into your goals.

For instance, mobile repair businesses need to be ‘mobile’. Vehicles are expensive, and it’s hard to expand such a business without purchasing more vehicles and additional staff.

Taking personal loans for business purchases

Investment opportunities come up all the time for those who are networking savvy. They often require a significant amount of cash to secure. Not to mention, sometimes an essential piece of equipment can break down suddenly, requiring thousands, or even tens of thousands in repair funds.

When there’s no money in the bank for these and other purchases, it becomes necessary to consider taking out a loan.…

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How To Dig Yourself Out Of A Bad Financial Situation

Have you recently found your company in a bad situation financially? The good news is that you’re not the only one. The bad news is that you need to fix the situation as quickly as possible before it ruins your company’s credit and reputation. Thankfully, there are plenty of things that you can do to right the ship.

Get out of bad financial situation

Within this guide, you will discover ways to correct your company’s business finances and get out of debt.

Cut Expenses Immediately

If you’ve gotten your company into a bad situation, you need to take action immediately. It is absolutely pertinent to balance out your expenses and your revenue.…

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7 Little-Known Tax Deductions for Small Businesses

Many small businesses dread filing their quarterly taxes, but deductions help owners lower their tax burden. In addition to the standard deductions that most businesses take, there are lesser-known write-offs that can reduce tax bills even further.

Small business tax deductions

1. Home Office

If you run your business out of a dedicated home office, you may be able to take the home office deduction. The catch with this deduction is that the space must be used exclusively for business purposes.

There are two ways to deduct a home office:

  • Deduct actual expenses. You’ll need to have records for the cost of painting, repairs, utilities, rent, insurance and other expenses you want to write-off.
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The Financial Industry is Rapidly Changing

Since the advent of online banking, the financial industry has undergone several important changes. Meanwhile, terms such as fintech (i.e. financial technology) has become part of the everyday journalistic jargon, pointing to rapid innovation and change.

Fintech

Besides the development of new apps and decentralized technologies, new participants have entered the industry to the benefit of the public. Here we take a look at some of the most profound and important changes taking place within the financial sector.

Blockchain equals the decentralization of banking

Banking as a profession has been around since the dawn of time, having played an integral role in human history.…

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Exploring How Invoice Factoring Can Impact The Growth of Your Business

If you are a small business owner with a steady and moderate growing business, you are already way ahead of the game. Maybe you have just recently had the chance to expand or take on a new client that will completely change the game for you and propel you into the big leagues, but unfortunately, there are stipulations that you can’t meet. For instance, say that the new customer or the new expansion is going to eat up your profits for 3 months, leaving you hanging in the wind. How can you take advantage of this opportunity, while still being able to survive the next few months?…

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