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Add You - Positioning Your Company for Debt Financing
When you buy a car or truck, how does the dealership “deliver” your new purchase? Do they sign the paperwork, say “Thanks,” and tell you to expect your vehicle in about a week? Of course they won’t. Your salesperson and the dealership work in tandem to deliver your new vehicle to you THAT DAY and IN PERSON. They take the time to show you the features of your new ride. The really good dealerships invite you back for a free seminar on “How to Service Your New Car or Truck.”If you are in the business of selling investment plans, annuity products, life insurance or other supplemental products, you can take a lesson from other industries (like auto sales) and implement a system of your own “personalized delivery” of the newest part of your client’s financial program. Follow these three (3) rules.Rule Number One (#1) – Deliver the new policy or “first investment statement” I
Without getting into how inexpensive debt financing ultimately is compared
In a time of economic downturn, international turmoil, company restructuring and corporate mergers run amok, thousands of people are either out of work or fearful of losing their jobs.Is there, then, such a thing as job security?No job, in itself, is totally secure. Governments cut back, unions have periods when they have no work available for their members, directors and CEOs are forced out, self-employment ventures fail. Even the most coveted and powerful position in the world, the Presidency of the United States, only lasts 4 or 8 years.Your only job security lies in self-security. Knowledge and appreciation of your value as a worker: your skills, your competence, your personal qualities, can build the sense of security you crave. A true understanding of the process of finding work, the resources available, and the personal networking which captures the hidden jo
There was a time in the old days when going to the bank was the only way to get outside capital for your business. These days with the explosion of raising equity investment, many of the guidelines for running a company have been revolutionized. Unfortunately this new phenomenon is only true for companies with super "star power", because these companies have potential to create sky-rocket return earnings.
For everyone else, sticking to fundamentals is where it's at. Building your company incrementally, following a pre-prepared business plan, watching expenses, and increasing sales. When your company moves beyond its launch, it begins to operate much like a bank. On the financial side you will be making credit decisions involving your customers. Some will have to pay C.O.D., some you will extend net 30 day terms. In this sense you are now becoming a banker for your customers.
Without getting into how inexpensive debt financing ultimately is compared
Every small business knows that you participate in the community, then the community will shop in your store. In a franchise business, the franchisor should also encourage, if not require a franchise outlet to do community service and stay involved with the community that will support them.It is for this reason that in my company, we required as per the franchise agreement, as well as the confidential operations manual, that each franchisee perform fund-raising events for local charities. It may seem all odd that a franchise or would have required as of their franchises, but I don't see it that way. I wanted to be known up front in prior to the commencement of the franchise operation that he franchisee is required and must help the community. Below is the clause I've put into each and every franchise agreement;3.16.5 Community EventsFranchisee must perform twelv
For everyone else, sticking to fundamentals is where it's at. Building your company incrementally, following a pre-prepared business plan, watching expenses, and increasing sales. When your company moves beyond its launch, it begins to operate much like a bank. On the financial side you will be making credit decisions involving your customers. Some will have to pay C.O.D., some you will extend net 30 day terms. In this sense you are now becoming a banker for your customers.
Without getting into how inexpensive debt financing ultimately is compared
There are so many types of musicians out there that it is important to differentiate yourself on your business cards. So, what should musician business cards look like in order to get the necessary attention and portray a little bit of the story? The following suggestions are just a few ideas for musician business cards. Remember that color business cards are important for all musicians no matter what to grab attention.Musical NotesA great way to portray your commitment to the music industry is to place musical notes on your business cards. You could do this in a variety of ways from several small music notes on the card to lots of mini ones or just one large one. The color you choose will also reflect your musical style and should be considered. Also, almost any magician can get away with using musical notes on their business cards. This is good if you want generalized bu
For everyone else, sticking to fundamentals is where it's at. Building your company incrementally, following a pre-prepared business plan, watching expenses, and increasing sales. When your company moves beyond its launch, it begins to operate much like a bank. On the financial side you will be making credit decisions involving your customers. Some will have to pay C.O.D., some you will extend net 30 day terms. In this sense you are now becoming a banker for your customers.
Without getting into how inexpensive debt financing ultimately is compared
According to most salary researchers and guides, getting your MBA can mean a $10,000 to $30,000 salary increase, but don't let the numbers get you too excited about the possibilities; there are still other factors to consider when calculating the potential for and the size of a salary increase if you get your MBA.TimingTiming is everything when you're trying to get your MBA. If you get the degree too early in your career, you may have trouble finding a job that offers a salary comparable to what you deserve for your advanced degree. At the same time, if you wait too late, you simply may not need it or may not be able to find an employer willing to pay for you to go back to school.A Free DegreeThe advantage to working for one company for a while is that they may be willing to pay for your degree. Then, not only will you be getting a pay raise, but also you'll
Without getting into how inexpensive debt financing ultimately is compared
When the recent Games of the XXVIII Olympiad came to a close in Athens, two events stood out in my mind as perfect examples of the importance of time management:1. Teenage swimmer Michael Phelps, America’s most-celebrated Olympic athlete, matched Mark Spitz’s record of four individual gold medals with a stirring comeback in the 100m butterfly. Phelps pulled off an incredible feat in the final 50 meters, making up a half-body length to nip teammate and world-record holder Ian Crocker by four-hundredths of a second.2. In the men’s 100m track and field final, the United States took first, third and fourth. The time separating Justin Gatlin’s gold medal performance from teammate Shawn Crawford’s fourth place finish was again four-hundredths of a second. That means after running more than the length of a football field, four men crossed the finish line separated by less time th
Without getting into how inexpensive debt financing ultimately is compared to equity (try 20% annualized interest versus 20% ownership lock stock and barrel), in certain situations the time honored tradition of borrowing money can be the best solution for increasing growth or starting a company.
By knowing what commercial finance companies look for, you will become a much more attractive prospect.
1. Concentration - This means putting all your eggs in one basket. Avoid going out and making a large sale to a customer and then not continuing your sales effort to find more customers. The risk of a problem developing with your main customer, or for whatever reason they are no longer buying from you can obviously be detrimental to your success. Finance companies look for incoming revenue to be spread evenly over a number of customers.
2. Creditworthiness - Who are you le
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