Buying a Business Online is a Good Investment

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There are a lot of established companies out there that are willing to sell their businesses online. They have varied reasons for doing so. You might think that the company is already going down in flames and so the owners have decided to just sell it. However, there are others who decide to sell a business while it is still on top. This shows that they are willing to take the risk even though the profits are much bigger.

If you are clever enough, you might take a second look at these companies. Whether or not they are doing well, you can infuse your own techniques to ensure they will end up on top under your leadership. Who knows? You can turn a failing company around or move a company that is already doing well to an even better position? Here are some more reasons why you should consider buying a business.

You can gain control

The good thing about buying an established business is that you already have an idea of what works and what doesn’t. This gives you the opportunity to redirect it in such a way that it can produce positive results. It can grow really fast if you have prior knowledge of how it has performed in the past.

You can infuse your personal ideas

You might have set your eyes on this business for quite some time and you have a lot of ideas in mind about how to make it better. This is your chance to make it happen. You have spent enough time seeing how the current owner handled the business. If it is in line with what you really want in life, your ideas could take the business in a better direction.

You have worldwide access

Now that you are buying a new business that already has an established presence, you are guaranteed to have a bigger market. They have already worked on certain strategies to make the business more popular. You just have to build on this. There are already followers who are loyal to the brand. You just need to keep them and make sure you can encourage more people to buy. There are effective strategies that have worked before in expanding the market and you can also do the same thing.

It is a challenge

Although it is also a challenge to start the business from scratch, it is even more challenging to redirect an already existing business especially if it is not doing well. If you are the type of person who wants some challenges, this could be the right path for you. It is never easy picking the pieces up, but if you enjoy doing it, you will surely make the most of it.

Take a look at the businesses that are up for sale online and speak with the owner for potential deals. Be careful who you deal with and make sure to negotiate before signing the contract. Once you have gone through all the details, you will be ready to get the business going.

Funding Options to Start Your Business

You may have great business ideas but you are unsure how you can make them into reality. You are worried you don’t have enough money to keep the business running. Lots of business owners have the same worries when starting their businesses.

A lot of businesses start up in debt. However, those who did borrow money, were confident that the business would be a success and that they would eventually be able to repay their debt.

Start with bootstrapping

The moment you decide to start a business, you must be willing to come up with various personal funds. You should have saved up for this moment. Check your savings account, credit cards, and home equity. It would be ideal if you can find enough money to start your business without borrowing. However, if you have not saved enough, you might end up taking out a loan.

Consider getting a loan

Consider applying for one of the many UK business loans available for startups. There are a lot of businesses that started deep in debt. However, those who borrowed the money were confident that the business would soar and eventually repay their debt.

There are a lot of options when it comes to business loans. Check the interest rates first so you can determine if you will be able to repay the loan. You also need to see if you are comfortable with the repayment scheme. If you think you can pay the debt without having a difficult time with the terms and conditions, nothing should stop you.

You might also consider microfinancing. There are financial institutions that are willing to extend help to those who wish to start their own business. They offer lower rates and they also target those who have financial problems but are willing to do everything to survive.

 Ask for help from friends and family

It might seem like a scary thing to ask your family and friends to help you out. They might judge you if your business does not succeed. You also don’t want this to affect your personal relationships especially if you are unable to repay the loans. Start with those who are closest to you. Let them know what your plans are, when you are planning to repay the loan and when the business is going to take off. Just give them the assurance that they will be repaid and they will most likely be willing to extend help.

Crowdfunding is another option

This is another popular method. You can put out your ideas for many people to see. Those who are interested in funding your business will contact you and you can work on certain terms. This is a good thing since it can become a potential partnership. You just need to work hard to send your message clearly and attract potential investors. There are other people using the same strategy so you need to find a way to stand out.

Regardless of your choice to fund the business, make sure that it will help propel you to success.

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Excellent Ways To Keep More Cash In Your Business Accounts

Anyone who’s recently launched a new business will need to keep a close eye on their accounts. You have to spend a lot of money to get your concept off the ground, and so it’s vital that you cut back wherever possible. With that in mind, this post will offer some tips you might like to consider. Use this advice wisely!

Think twice about every purchase

Lots of new business owners overspend and buy things their company’s don’t need. For that reason, you should think twice every time you plan to use the firm’s credit cards. Impulse spending is a problem for many people as the infographic at the bottom of this page explains.

Know when to outsource

Sometimes you have to spend money to save money, and that is why you always need to think about the concept of outsourcing. It’s usually cheaper than employing someone in-house, and the idea leaves you free to focus on the growth of your enterprise.

Focus on the digital world

When it comes to advertising and marketing, it doesn’t make sense to spend money on TV and radio promotion these days. You’ll save a fortune if you focus your efforts online and market your brand using social media and Google Adwords.

That advice should ensure you manage to reduce spending and keep more cash in your business accounts this year. Now you just need to create a plan so you can determine your budget for 2018. Whatever happens, you just need to remain focused and committed to your goals. Good luck!


Graphic by Sunny.co.uk

There are Different Ways to Invest, but Which One is Right for you?

There are numerous ways in which you can invest your money in 2017, with the Fintech revolution having created brand new opportunities for individuals during the last decade. Remember, the value of global Fintech investments is set to more than double between 2015 and 2020, eventually peaking at $46 billion.

Aside from underpinning accessible, online trading platforms like Oanda, the great thing about Fintech is that it has raised awareness about the investment options that are available in the modern age. This has made it far easier for people to open their minds and appraise their options in greater detail.

The key, of course, is to choose which one is right for you? Here are some of the key considerations that you should keep in mind:

  1. Your Personality Traits

Before you even begin to consider the conditions of a particular market, you should appraise your own unique personality traits. This is because every marketplace and asset class is truly unique, meaning that each has a distinct risk profile and typical rate of return.

Now, if you’re a cautious individual who is a little risk averse, you’ll probably prefer investment options that provide you with a secure store of wealth (such as gold and company shares). Not only do these markets boast relatively low levels of volatility, but they also offer tangible assets that can be held for as long as is necessary to generate a profit.

Conversely, those with a greater appetite for risk will favour trading derivatives such as currency. Assets of this type are typically traded in volatile markets with high liquidity, while the fact that they enable traders to operate without the burden of ownership creates the potential to profit even in a depreciating marketplace.

  1. Your Lifestyle

Lifestyle is also an important consideration, even in an age where it’s possible to trade multiple assets through your mobile phone. After all, each market has its own unique trading hours, while many also have an optimal set of times for executing orders.

Depending on your working hours, personal life and sleeping cycle, this means that some investment options may be unsuitable. This does not apply to entities such as the forex market, of course, as this is open for 24 hours, six days a week and enables traders to operate over three distinct sessions.

Most other markets are far less accessible, however, so you’ll need to ensure that can create an effective trading schedule that affords you the time to analyse the market and execute orders without compromising on your everyday lifestyle.

  1. Your Unique Skill-sets and Expertise

Finally, you also need to pay attention to your unique skill-sets and areas of expertise, as these may naturally lend themselves to specific investment vehicles and assets outside of traditional financial markets.

If you understand the housing market or have previously worked in this sector, for example, buying and selling property could represent an excellent investment opportunity.

Similarly, those with existing financial or economic knowledge and numerical ability may want to consider investing in stocks, shares or currencies.

Knowing your financial derivatives to pay off business debts

Steve PB

When your business organization or company has been hammered by debts for a long period of time, you will find lenders coming for you from all corners. They can also threaten to sue your business or you. They way you set up your organization and whether that guarantees any debts or repayments, these factors dictate the amount your creditors can take from you. Additionally, you need to think whether you will be eligible for filing a bankruptcy claim. The claim can change the amount but it does have its fair share of pitfalls. You need to evaluate your financial condition, paying potential and confirm the exact debt amount you’re paying.

The bankruptcy claim process

It’s wise to consider a bankruptcy claim only and when your business is immersed in debt and faces total extinction. There may be creditors attacking your from all fronts. You need to conduct a lot of evaluation before filing for bankruptcy. However, the claim could give you all the leverage and time needed to sort out everything. It’s actually dicey pathway but if you can manage it wisely and effectively, it can sure bear good results. There’s however no guarantee what property or collateral you can keep after this claim save a few exceptions. You need to prepare yourself for this.

The tax role-play

Taxes that are labeled on your payroll are vital. Unlike the aforementioned case, internal revenue service or IRS entails no stakes in the manner in which you organize your company. They hold every business owner personally accountable for each unpaid or pending payroll taxes. Knowing the rudiments of general partnerships or sole proprietorship form of business is also crucial. The way the latter works, you and the organization becomes the same fold or entity. It means that it’s your liability to pay your business debts. For partnership, all partners have the responsibility of repaying the debt.

On claim options

Due to the sole proprietorship modality, you can find the option of either entailing chapter 13 or 7 of the bankruptcy law. Mostly viable in the UK, you need to meet certain requirements for filing your claim. You can use many options to satisfy or eradicate your personal and business debts. Now, for general partners, company shareholders or a limited liability firm or LLC owner, if you have waived the limited liability by affirming the loan amount for the firm personally, no bankruptcy proceeding will be able to shield you. You can protect your assets in this situation by filing for personal bankruptcy. You can click here to know more about the details.

The resultant benefits

One of the primary advantages that come from a bankruptcy filing is time. You get the time and good bandwidth to arrange finances. Once you’ve filed your claim, the concerned court puts an immediate stay order on each debt collections, which means that no creditor can repossess or foreclose on your property. Besides, bankruptcy can also eliminate unsecured debt. You need to take expert guidance to know the intricacies of both chapters before filing one.