Tag: A

Business – definition of business by The Free Dictionary, selling a business.#Selling #a #business


business

These nouns apply to forms of activity that have the objective of supplying products or services for a fee. Business pertains broadly to commercial, financial, and industrial activity, and more narrowly to specific fields or firms engaging in this activity: a company that does business over the internet; went into the software consulting business; owns a dry-cleaning business. Industry entails the production and manufacture of goods or commodities, especially on a large scale: the computer industry. Commerce and trade refer to the exchange and distribution of goods or commodities: laws regulating interstate commerce; involved in the domestic fur trade. Traffic pertains in particular to businesses engaged in the transportation of goods or passengers: renovated the docks to attract shipping traffic. The word may also suggest illegal trade: discovered a brisk traffic in stolen goods.

busi ness

Business

  1. As oxygen is the disintegrating principle of life, working night and day to dissolve, separate, pull apart and dissipate, so there is something in business that continually tends to scatter, destroy and shift possession from this man to that. A million mice nibble eternally at every business venture Elbert Hubbard
  2. Business is like a man rowing a boat upstream. He has no choice; he must go ahead or he will go back Lewis E. Pierson
  3. Business is like oil. It won t mix with anything but business J. Grahame
  4. Business is very much like religion: it is founded on faith William McFee
  5. Business policy flows downhill from the mountain, like water Anon
  6. A business without customers is like a computer without bytes Anon

As the entries that follow show, this concept lends itself to many additional twists.

Playwrights Ernst and Lindley wrote this simile to be spoken by a judge in their 1930 s play Hold Your Tongue.

The first two words are transposed from Computer companies to generalize the comparison.

business

Business is the work of making, buying, and selling goods or services.

When you use business in this sense, don’t say ‘a business’. Don’t say, for example, ‘ We’ve got a business to do ‘. You say ‘We’ve got some business to do’.

You can talk about a particular area of business using the followed by a noun followed by business.

A business is a company, shop, or organization that makes and sells goods or provides a service.


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Start-Up Chile – Join the leading accelerator in Latin America, start a business.#Start #a

Join the leading accelerator in Latin America

Startups

Portfolio’s Valuation

Start a business

Up to CL$60 millions (about US 90K) and perks from USD$100K

Start a business

Working Visa & Soft Landing

1 year working visa and soft landing process to start your business in Chile

Start a business

Community and Networks

Access to one of the biggest and most diverse startup communities in the world

Start a business

Training, mentors and investors

Accelerate your business with the help of our partners.

We have great perks for you

Start a business

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Start a business

Start a business

Start a business

Start a business

Start a business

Start a business

Start a business

Start a business

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Start a business

Work everyday with people from all over the world

What people say about us

Start a business

“Chile needs to take advantage of all the talent and good ideas of its people. As a government we want to democratize entrepreneurship and innovation to be a source of opportunity and equity. With Start-Up Chile, those talented entrepreneurs find financial support, mentoring and networking to boost their business. This allowed Chile to be the best innovation ecosystem in Latam”

Ministro de Economía Luis Felipe Césepedes, Chile

Start a business

“Start-Up Chile has positioned the country as the entrepreneurial hub of Latam, creating links with professional from over 100 different countries. Through the creation of an entrepreneurship ecosystem, SUP is encouraging many Chileans be part of this revolution, helping them to develop a sustainable economy for the country “


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The Telegraph Festival of Business, start a small business.#Start #a #small #business


Festival of Business

Start a small business Start a small business

Start a small business Start a small business Start a small business Start a small business

The Telegraph Festival of Business 2017

The seventh Festival of Business will take place in London on Tuesday 7 November, 2017. This one day conference, regularly attracting an audience of 600 senior executives from UK businesses, will bring together some of the best-known names in British business, along with leading politicians and thought leaders, in a bid to ensure the continued growth of Britain’s small businesses. A combination of keynote addresses, live interviews, case studies, expert panels, quick-fire talks, and masterclasses will ensure attendees leave the conference having found inspiration, heard pioneering examples of business development and cemented valuable relationships with their peers.

Agenda

Registration and Breakfast

Welcome Address from the Chairman

Jeremy Warner, Associate Editor, The Telegraph

Lady Michelle Mone, Baroness of Mayfair OBE

Panel Session: Talent: attracting, recruiting and retaining your most valuable asset

Understand how important your company’s values are for recruitment and learn how to encourage millennials through to Gen X to join and then get them to stay. Gain insights into competing with larger companies when it comes to salary, culture and apprenticeships and delve further into the complexities of employment regulation.

Craig Donaldson, Chief Executive Officer, Metro Bank

Karen Blackett, OBE Chairwoman, MediaCom UK

Kiera Lawlor, Head of Happiness, Social Chain

Kirstin Furber, People Director, BBC Worldwide

Moderator: Rebecca Burn-Callander, Contributor, The Telegraph

Panel Session: Leading your business to success

Hear first hand on how to lead through change and how to successfully delegate. Gain insights into day-to-day management tips and understand the key lessons learnt by overcoming failure.

James Daunt, Chief Executive Officer, Waterstones

Chris Morling, Founder and Managing Director, money.co.uk

Helena Morrissey, Head of Personal Investing, Legal General Investment Management

Moderator: Liam Halligan, Economics Commentator, The Telegraph

Networking and Refreshment Break

Quick-fire Talk: Cyber security – how to prevent the worst from happening

Senior Representative, National Cyber Security Centre (NCSC)

Q A: Late Payments: can common ground be found?

A discussion that speaks to both sides, is honest about what the issues are at both ends and is constructive in terms of solutions.

Richard Gilkes, Managing Director, Stort Chemical

Philip King, Chief Executive, Chartered Institute of Credit Management

Moderator: Liam Halligan, Economics Commentator, The Telegraph

The importance of growth and international trade for SMEs

The Rt Hon Dr. Liam Fox MP, Secretary of State for International Trade

Plotting the future of tech innovation in your business

The new tech landscape; identify fads vs genuinely useful future tech and investing wisely to make the best tech choices. Gain insights into the importance of company-wide adoption and understanding and recruiting the relevant talent to deal with changing tech and transformation.

Chief Digital Officer

Digital Marketing Lead, UK

Pfizer Innovative Health

Moderator: Robert Bridge

Chief Customer Officer

Scaling Up Your Business Operations

Gain insights and advice on whether it’s best to scale through partnerships or organically. Understand how to ensure optimal staffing when growing and how to know when to step back.

Head of Enterprise

Business Banking NatWest/RBS

Founder and Chief Executive Officer

Chief Executive and Co-founder

Moderator: Matt Caines

Editor, Telegraph Connect

Supporting UK business to export and grow

Which will be the new frontiers? Identifying the changes to consider following Brexit and understand cross cultural business differences. Examine the steps to take when starting to export.

Emma Jones, Founder, Enterprise Nation

Joshua Stevens, Chief Executive Officer, One Retail Group

Dr Adam Marshall, Director General, British Chambers of Commerce

Moderator: Rebecca Burn-Callander, Contributor, The Telegraph

Securing your business against cyber threats

Cyber security; an issue not to be taken lightly and potentially one of the the biggest threats facing SMEs today. Understand how to achieve a cyber security 101 strategy and the preventative measures you can take and what to do when disaster strikes.

Sam Nixon, Product Owner, Decoded

Phil Lander, Director of Mobile and IT, B2B, Samsung Europe

Rowan Davies, Head of Policy and Campaigns, Mumsnet

Moderator: Stephan Freeman, Chief Information Security Officer, The Telegraph


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MetroPCS Hours, Opening, Closing – Holiday Hours, opening a business.#Opening #a #business


Opening a business

Opening a business

Opening a business

MetroPCS Business Hours

MetroPCS is a small regional cellular service providing service to millions of customers across the United States. The company offers low-cost contract service through T-Mobile. The service was started in 2009 and became the fifth largest wireless carrier within years.

MetroPCS Regular Business Hours

  • Weekdays: The hours of operation vary based upon location. Typically, MetroPCS is open Monday through Friday 11am to 8pm, local time. If a holiday falls during the week, the hours of operation will change.
  • Weekends: The customer service department hours of operation vary, depending on location. The hours for Saturday are typically 11am to 9pm and Sunday 12pm to 6pm, local time.

MetroPCS Holiday Hours

The customer service department is closed on all major holidays. The company observes the following holidays:

The hours of operation may be affected the day prior to and after the holiday.

MetroPCS Special Event Hours

MetroPCS does not list special events on the website that affect hours of operation. When we reached out to the customer service department, the agent stated the only special event affecting hours of operation is the day after Thanksgiving. The agent explained the customer service department is open from 5am to 8pm, local time.

Contacting MetroPCS to Verify Business Hours

  • Phone Number: Customers can connect with the customer service department during regular business hours at 1-888-863-8768. You can use the customer support numbers to access your account, but after hours, an agent will not be available to provide service.
  • Email Contact: In order to send a message to the customer service department, you will need to locate the nearest MetroPCS store by using the store locator tool [+] . After entering your location, you will notice the regular hours of operation.
  • Mail: Customers have the opportunity to send correspondence to the customer service team of the executive headquarters here: MetroPCS Wireless, Inc. P.O. Box 601119 Dallas, TX 75360
  • Social Media: if you want to keep the conversation going, you can send a message to the customer service department through social media. If you post a massage on the Facebook [+] page, the customer service department will respond during regular business hours. Message posted after hours are responded to the following business day.

Resource Links

51 Comments

Its like you read my mind! You appear to know so much abojt this,

like you wrote the bookk iin it or something. I thinnk that you

can do with some pics to drive tthe message home a bit, but instead of that, this iss excellent blog.

A grewt read. I will definitelyy be back.

What time stores close in Roanoke va New year s eve

What s ur hours for black Friday November 25 , 2016

Tbh the service is okay but not that we say is great the phones suck after a couple months the start doing some wierd things and manfunctioning and the internet or the 4g symbol leaves and says there is no service and that sucks because i could be on spotify or snapchat or some app and it goes away and i really hate that but i guess it is oky i mean you should try to fix this problem because the internet goes away .

Read metro rearms u probably went over usage and it dropped your usage or your not in a 4g area. Plus if you get a $100/free phone it will happen most arnt over 8g and it will never run like an iPhone that s $800!

I needed a 48hr ext so I called metro pcs sat nigt and was told to call back after my phn was cut off on sunday I said are u open she said yes we are 24 hrs I literally called all day diff times of day and couldn t reach a live person Im so freaking livid..ive been with this company for over a year and to be told this .we should always be able to reach an agent metro pcs it is not that small of a company ..

Same thing happened to me except I lost my job because I did not have my phone MetroPCS is nothing but a bunch of lying rude inconsiderate things I WOULD NOT recommend MetroPCS to anyone EVER. They are a worthless phone company in don t care about their customers

It s prepaid- can t blame metro for you not paying on time-read terms and agreements it states it there.

I ended up using the 48hr extension a couple months ago did not need to talk to a live representative, got it done thru the automated system (this was after my cell was shut off, was back on immediately after I called for the extension)

What are your hours on easter day

I do not understand why you guys do not sale chargers separately. My charger that came with my phone broke within 3 weeks. And I have had the phone for about 2 months now. I be been using a different type of charger and bow my phone tells me my phone won t charge unless I use the charger it came with. This is absolutely ridiculous.

What time do u guys open in Rhode island

My campa don t. Work

I been wandering if u buy a plan with metro do u get a free phone 2 ?

I looking for a Metro pcs in the Harrisburg Pa. area. The ones that were open are now closed. And the one will not get the phones that are on sale. Two for fifty dollar. I m still looking. What s Up.

So i have to contact someone threw customer service and got no where they advised me to find a store that may be open today, when asked for a list of stores. They where u available to provide me with any..the rep advised that I drive around to a few stores and see if they re open before I call back for anymore help..i asked to speak with a superior and the agent hung up bad services all around.

Some /most stores are non corporate (anyone can own a store) so if they don t open they don t, they may get in trouble with the master dealer but they do not have to open -they lose money and possibly if done often the store will close.

Will they took money off my card wasnt supposed without me knowing still owe me fefund I had buy another phone as will they suck I be looking some where else after drama

I ve had the WORST service from this company. My little ones phone was stolen,I called to cancel the line they took 2 days to do that. Called the insurance for a replacement phone got it on the expected date. Called to restore the service said it would take 24 to 48 hours to have the storage restored, mind you they took the money pit of my account the same day the phone wasn t turned on for 5 days. I called every day multiple times no one could help me. They kept saying that on their end the phone was working. One of their csr reps even had the nerve to ask how did I know the phone wasn t working. Well hello I can t make or receive call s or use the phone period. Took it into a store the whole time it wasn t working was because of a mistake on their part they sent me the replacement with the WRONG sim card!! The guy in the store was able to fix that issue now I m having issues trying to download apps. I just spent an hour a half on the phone with a rep and she had no idea what she was going or how to solve the issue after all that time the best advice she could give me was to rake the phone to a store so they could try fix it. Plus I asked to be transferred to a supervisor I was left on hold for nearly 15 minutes never picked up the line this by far is the worst cellphone company I ve ever had. I should have just got him a line on sprint with my account.

This should be on a complaint website not hours


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8 Great Sources of Financing for Women Starting a Business – Next Avenue, loans

8 Great Sources of Financing for Women Starting a Business

Loans for starting a business

Four years ago, Linda Waitkus quit her job as store manager for a Bloomingdale’s near Washington, D.C., to open Great Dogs of Great Falls, an 1,800-square-foot pet shop with grooming services in Great Falls, Va.

When I stopped by to interview her recently, I was impressed to discover that Waitkus, now 57, made all the right moves for launching a new venture, starting with a rock-solid business plan. But what really impressed me is this: She had saved enough money outside of her retirement accounts to finance the startup.

Great Dogs started turning a profit in its first year, and Waitkus has been able to pay herself a salary. (I contributed to the cause by purchasing some treats and marrowbones for my Lab, Zena, when I popped in.)

Women have been starting businesses like mad in recent years, and at a higher rate than men, according to a report from American Express OPEN Forum. Between 1997 and 2012, the number of women-owned firms increased by 54 percent, a rate 1.5 times the national average.

But starting a business may be even harder for women than for men, as explained in a recent Forbes.com article by Susan Coleman and Alicia Robb. Authors of a new book released by the Kaufmann Foundation, A Rising Tide: Financial Strategies for Women-Owned Firms, Coleman and Robb contend that businesses run by women face hurdles that aren’t encountered by men.

For instance, they report, women seeking first-year financing to get a business off the ground receive about 80 percent less capital than men. This echoes what I’ve heard from female entrepreneurs I know, who’ve told me that finding money to finance their companies was the hardest part of their launches.

With that in mind, here are eight resources women should consider if they want to raise cash for a fledgling business — and two to avoid at all costs:

Personal savings Most startups, like Waitkus’s pet shop, are financed with an entrepreneur’s own money. But as I wrote in my Next Avenue blog post, “When It Comes to Money, the Deck is Stacked Against Women,” women tend to earn less than men, which means they often don’t have a full cupboard to tap.

Loans from banks and credit unions These are the chief sources of financing for women-owned firms. Fortunately, women are no longer more likely to be rejected for these loans than men, according to Coleman and Robb’s research.

If you plan to apply for a bank or credit union loan, I recommend you have a solid business plan, a stellar credit record and an excellent credit score (720 or higher). You might want to try a bank where you’ve been a longtime customer or one that is familiar with your company’s field. For more tips, read the Next Avenue article, “How to Get the Business Loan You Want” by Steve Bloom, a counselor with SCORE, the nonprofit small business adviser affiliated with the U.S. Small Business Administration.

An SBA-guaranteed bank loan can keep your down payment and monthly payments low. To find a bank offering one of these loans, check the Local Resources section of the SBA’s website as well as the site’s loans and grants search tool.

Home equity credit lines or loans Lenders typically let you borrow 75 to 80 percent of your home’s value, minus the amount of money you still owe on the mortgage. With a home-equity line, you receive the money in increments, rather than the lump sum you get with a home equity loan. The interest rate on home equity credit lines is typically lower than on loans, which you receive as a lump sum.

According to Bankrate.com, the average rate for a $30,000 home equity credit line is 4.58 percent; for a $30,000 home equity loan, it’s 5.71 percent. Just be certain that you’ll be able to repay this kind of financing — your house is on the line.

Relatives and friends Family members and pals often lend money interest free or at a low rate of, say, 3.5 percent. Be sure to get legal advice and create a binding contract if you want to finance your business this way. You’ll want to put the loan’s terms in writing to avoid any misunderstanding about repayment dates and interest.

Angel investors and venture capital firms These financing sources provide money in exchange for equity or fractional ownership. However, they’re typically swamped by requests and extremely careful with their money.

Compared with men, only a tiny percentage of women rely on this kind of financing, according to Coleman and Robb. One possible explanation, the authors say, is the difference between the types of firms typically started by each sex. Women-owned firms tend to be less growth-oriented and heavily represented in the retail and service sectors. Equity investors prefer growth-oriented sectors, like technology and bioscience.

Another reason women have often find equity-financing windows shut is that don’t belong to the key networks that provide this financing. Traditionally, the authors note, angel investing and venture capital fields are closely knit, difficult to penetrate and dominated by men.

Crowdfunding websites Financing for the incredibly successful Pebble smartwatch was ramped up via Kickstarter, a crowdfunding website that entrepreneurs use to find people who’ll invest small amounts of money in tech projects or creative endeavors like music or video games. Pebble’s founders hoped to raise $100,000 through Kickstarter; they ended up bringing in more than $10 million.

With Kickstarter, listing your project is free. You simply post a description of the project, including a video, your target dollar amount and a deadline. Then you send a mass e-mail to family, friends and colleagues, asking them to help and also to share your financing invitation with others. When you reach your goal, Kickstarter takes 5 percent, and you pay 3 to 5 percent to Amazon.com’s credit-card service. If you don’t raise the money by the deadline, all pledges are canceled.

Similar crowdfunding sites, like Rock the Post, Indiegogo and AngelList, can also connect you with angel investors.

In the past, small businesses couldn’t sell shares of their company through crowdfunding sites because that violated Securities and Exchange Commission rules. But this spring, Congress passed the JOBS Act, which will allow such equity-based crowdfunding sometime next year, when the SEC’s new rules kick in.

(For more about this law, read NextAvenue small-business blogger Gwen Moran’s post “What the New Crowdfunding Law Means to Small Business Owners.”)

Economic development programs You’ll need to do some legwork for this type of financing, but it could be well worth your time. As Moran blogged in “A Great Way to Give Your Small Business an Edge,” getting your firm certified as a woman-owned business can help you qualify for money that’s only available to companies with that designation. Certification can also help you land government and big-business clients.

Some corporations offer these types of programs. For example, Michelin North America, based in Greenville, S.C., has provided $1 million in low-interest financing — loans range from $10,000 to $100,000 — to certain businesses, including women-owned firms, in parts of South Carolina.

Local economic development agencies, such as Rockville Economic Development in Maryland, also award cash prizes for new, female business owners. Check the SBA’s online directory and contact the office in your area to see if any money is available for women-owned businesses.

Grant programs for women The SBA operates a network of nearly 100 Women’s Business Centers around the country. They provide state, local and private grant information to women eager to start for-profit or nonprofit businesses.

Grants.gov lists information on more than 1,000 federal grant programs; many are specifically for women-owned businesses.

Business.usa.gov is the federal government’s site for entrepreneurs looking for short-term microloans and small business loans. Search this site for info on all programs available to women business owners in your state.

2 Financing Sources to Avoid

And now the two sources of money you don’t want to use:

Credit cards Avoid using plastic at all costs. Most cards carry double-digit interest rates, which is an outlandish price to pay for starting a business. Also, it’s very easy to get yourself into trouble this way, given the financial ups and downs of a new venture.

Retirement savings Trust me, you don’t want to dip into your 401(k) and IRA. Not only will you owe income taxes by taking money out, you’ll lose the tax-deferred compounding and, if you’re younger than 59½, you’ll owe Internal Revenue Service withdrawal penalties. Worst of all, you’ll highjack your future financial security. Please don’t do that. No business is worth it.

Loans for starting a business


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Small Business Loans Reviews for 2017, loans for starting a business.#Loans #for #starting #a

loans for starting a business

Loans for starting a business

Small Business Loans

Loans for Established Businesses

Lending Club Small Business Loan

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Bottom Line: Peer-to-peer lending service offers a simple application process and competitive rates for business owners with fair or better personal credit

StreetShares

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Bottom Line: Peer-to-peer lending platform with a special emphasis on military veteran loans; highly personal loan applications; good for established businesses with lower revenue

Fundation

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Bottom Line: Loans up to $500,000 for short-term or long-term growth; fixed rates with low APRs; seamless online application process; ideal for established businesses

Funding Circle

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Bottom Line: Best for established businesses with a steady cash flow; loans are secured with long repayment periods; quick and simple application process

OnDeck

Loans for starting a business

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Bottom Line: Variety of rate and term options; fixed-rate payments are daily or weekly rather than monthly; good option for newer as well as more established small businesses

Dealstruck

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Bottom Line: Flexible loan rates and terms with a high-tech application process; ideal for profitable businesses whose owners have good credit or better; customer service is lacking

Loans for New Businesses

Lending Club New Business Loan

Loans for starting a business

Bottom Line: Great choice for those investing in a new small business who have average credit or better; peer-to-peer loans with a simple application process

Prosper

Loans for starting a business

Bottom Line: Peer-to-peer loan service with a personalized application process; good choice for new business owners with good/average credit or better

Upstart

Loans for starting a business

Bottom Line: Evaluation of academic, credit and work histories makes this a great choice for recent grads or students starting a business; strong customer service

LoanMe

Loans for starting a business

Bottom Line: APRs and fees are on the steep side; payments reported to the credit bureaus; ideal for both newer and established businesses looking to build credit


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New Business Leasing, New Business Financing, Start Up, Allstate Capital, financing a new business.#Financing

Allstate Capital

We offer several start up new business leasing, and start up new business financing, programs that are available to customers with excellent personal credit to difficult credit profiles in most industries. For our premium new business leasing programs, new business financing programs. All owners listed should have excellent credit, as listed on our credit page, and must sign personal guarantees. The equipment type and industry cannot be on the prohibited list and will usually need to meet the following criteria as well:

  1. Start Up New Business may be home based for small orders
  2. Site Inspections will be required
  3. Start Up New Business must be properly formed with the Secretary of State
  4. Start Up New Business must have a bank account that is under the business name and meets the minimum bankingrequirements. Other bankingrequirements may apply.
  5. New Business plan with resumes and sources and uses of funds may be required.
  6. Equipment must be relevant to the type of business applying for the lease
  7. Financial package may be required
  8. Other information may be required
  9. Cross-collateralized programs are available

Apply Now! Our national account and franchisor / franchisee start up new business leasing programs can exceed $150,000! We can go higher with excellent financial information that supports the dollar amount of the transaction requested. All of the above criteria is subject to equipment, credit, and industry review on a case-by-case basis.


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Beyond the Bank Loan: 6 Alternative Financing Methods for Startups, financing a new business.#Financing

Beyond the Bank Loan: 6 Alternative Financing Methods for Startups

Many aspiring entrepreneurs have an idea for their business but lack the capital to actually start it. Brand-new businesses are often turned down for bank loans, and even if your business is established, funds can still be tough to secure. Loans funded by the Small Business Administration are usually more accessible, but they are becoming increasingly competitive.

So what options are left for someone aspiring to be a small business owner? Here are six options beyond bank loans for financing your startup.

Online lending

Online lenders have become a popular alternative to traditional business loans. These platforms have the advantage of speed, as an application takes only about an hour to complete, and the decision and accompanying funds can be issued within days. Because of the ease and quickness of online lending, economist and former U.S. Treasury Secretary Larry Summers said at the 2015 Lend It conference that he expects online lenders to eventually reach more than 70 percent of small businesses.

Editor s note: Are you considering a small business loan for your business? If you re looking for information to help you choose the one that s right for you, use the questionnaire below to have our sister site BuyerZone provide you with information from a variety of vendors for free:

Angel investors

Angel investors invest in early-stage or startup companies in exchange for a 20 to 25 percent return on their investment. They have helped to start up many prominent companies, including Google and Costco. Mark DiSalvo, CEO of private equity fund provider Semaphore said, You are likely to get an investor who has strategic experience, so they can provide tactical benefit to the company they are investing in.

Find out what makes angel investors fund a business here.

Venture capitalists

Venture capital is money that is given to help build new startups that are considered to have both high-growth and high-risk potential. Fast-growth companies with an exit strategy already in place can gain up to tens of millions of dollars that can be used to invest, network and grow their company frequently.

Brian Haughey, assistant professor of finance and director of the investment center at Marist College, said that because venture capitalists focus on specific industries, they can generally offer advice to entrepreneurs on whether the product will be successful or what they need to do to bring it to market. However, venture capitalists have a short leash when it comes to company loyalty and often look to recover their investment within a three- to five-year time window, he said.

Learn more about venture capital here.

Factoring/invoice advances

Through this process, a service provider will front you the money on invoices that have been billed out, which you then pay back once the customer has settled the bill. This way, the business can grow by providing the funds necessary to keep it going while waiting for customers to pay for outstanding invoices.

Eyal Shinar, CEO of small business cash flow management company Fundbox, says these advances allow companies to close the pay gap between billed work and payments to suppliers and contractors.

By closing the pay gap, companies can accept new projects more quickly, Shinar told Business News Daily. Our goal is to help business owners grow their businesses and hire new workers by ensuring steady cash flow.

Visit BND s guide to choosing a factoring service here.

Crowdfunding

Crowdfunding on sites such as Kickstarter and Indiegogo can give a boost to financing a small business. These sites allow businesses to pool small investments from a number of investors instead of having to look for a single investment.

Make sure to read the fine print of different crowdfunding sites before making your choice, as some sites have payment-processing fees, or require businesses to raise their full stated goal in order to keep any of the money raised.

Check out some emerging trends in crowdfunding here.

Grants

Businesses focused on science or research may be able to get grants from the government. The SBA offers grants through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Recipients of these grants are required to meet federal research-and-development goals, and have a high potential for commercialization.

Learn more about applying for a small business grant here.

Additional reporting by Katherine Arline and Nicole Taylor. Some source interviews were conducted for a previous version of this article.

Jennifer Post graduated from Rowan University in 2012 with a Bachelor s Degree in Journalism. Having worked in the food industry, print and online journalism, and marketing, she is now a freelance contributor for Business News Daily. When she s not working, you will find her exploring her current town of Cape May, NJ or binge watching Pretty Little Liars for the 700th time.


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Why Should I Incorporate My Business or file an LLC, MyCorporation, incorporate a business.#Incorporate

Why Incorporate ?

Choosing how a business is organized may be one of the most important decisions a business makes. Incorporation may be the wisest decision, but for some, it may be an unnecessary decision, and so each business should carefully assess the benefits (and challenges) of incorporation before moving forward. With that said, the greatest benefits to incorporation can be summarized into the 3Ls: Life, Liquidity, and Liability. Let’s start with Life.

The best way to understand a corporation is to imagine it as a separate artificial person (with limited rights and privileges). Incorporating a business is essentially creating that separate person thereby making the business separate from the owner (in a sense, the business has a life of its own). As a separate entity, the corporation exists independent from the shareholders/owners and its employees. Regardless of what happens to the shareholders, or the directors, or the employees, the corporation itself continues to exist in perpetuity until a time the directors and shareholders decide to dissolve a corporation. In a sole proprietorship or general partnership where the owner(s) is the business, what affects the owner may affect the business. Any personal debt or liability of an owner or partner allows the creditor(s) to pursue the assets of the business whether or not the debt or liability has any relation to the business itself. Furthermore, personal bankruptcy of an owner or partner will directly impact a business by opening up its assets to any creditors the owner or partner is liable to. By incorporating a business, the personal finances of an owner or partner remains separate from the finances of the corporation and allows the business to continue without disruption. In the event of an unfortunate death of an owner or partner, the business is generally dissolved regardless of the wishes of the owner or partner(s). All of this could easily be avoided by incorporating the business as a separate entity.

Liquidity

As much as we believe that all owners of a business should remain forever committed to the success of the business, there may be times when an owner or partner will need to leave the business. Regardless of the reasons for leaving the business, incorporation allows the free transferability of interest from one person to another. Generally in a partnership, a partner cannot transfer his/her interest in a business to another without the express consent of all other partners. If a partner still decides to leave the partnership against the will of the other partners, the partnership is automatically dissolved. Incorporating a business removes this limitation by allowing shareholders/owners to freely transfer his/her interest to another without the unanimous consent of all other shareholders. Small businesses may see the restrictions against transferring shares as a good thing and may want to control how a shareholder may transfer his/her interest and to whom. Incorporation allows this flexibility as well. The free transferability of shares is a default rule, but by no means is it mandatory for all incorporated businesses. Businesses have the option to place restrictions on the transferability of certain shares and so even if this benefit of liquidity may be seen as a detriment to a business, incorporation lets the business decide whether or not to take advantage of this option. More importantly, unlike a partnership, incorporation prevents the ability of a minority shareholder from dissolving a business without cause.

Liability

One of the greatest benefits for incorporation is its limited liability against the shareholders. As mentioned above, any debt or liability against a specific shareholder remains separate from the corporation. Likewise, the inverse is similarly true. Any debt or liability against a corporation does not open the doors of shareholders’ assets to the creditor(s). The shareholder’s liability in any corporate debt or liability is limited to what the shareholder invested (unless there is fraud). In a sole proprietorship or general partnership, the owner(s) and/or general partners remain completely liable to any debt or liability placed against the business. If a business is unable to pay a debt, the creditor can attack the assets of an owner or partner until the debt is satisfied. In a corporation, a creditor can only attack to the extent the shareholder invested into the corporation (unless there is fraud). This allows the corporation to make business decisions without the risk of endangering the personal assets of its shareholders beyond what was invested. Risk is a necessary element to a successful business. Anything that minimizes the risk to investors makes the business more attractive, and so the limited liability of an incorporated business is quite valuable.

Taxes

The major detriment to incorporation is the taxes involved. In a sole proprietorship or partnership, the taxable income of the business flows directly to the owner and/or partners and are taxed based upon the individual’s income tax bracket. However, because the corporation is considered a separate entity, the taxable income of a corporation is taxed first under a corporate tax. If the corporation decides to distribute the remaining income to the shareholders, that income is taxed once more based upon the individual’s income tax bracket (essentially, a double-taxation). The marginal tax rate for a corporation can be significantly higher than the marginal tax rate for a sole proprietorship. Although this characteristic of incorporation may deter a business from incorporating, small businesses can avoid this double-taxation by taking advantage of the options given to a corporation by the states. Some options include incorporating as an S-corporation (see below) or filing as a Limited Liability Company (LLC) (see below). These options allow the taxable income to flow directly to the shareholders/members without being taxed twice, while at the same time, maintaining the benefits of incorporation. The 3Ls are important benefits, but not the only benefits. There’s also something psychologically beneficial about incorporating that goes beyond the number crunching and legal issues involved. Incorporation may seem to be a daunting task, but it is also an exciting moment in the life of a business. First conceived through an idea, a business can be birthed at the point of incorporation. No longer will it simply be an idea or something intangible, but an actual and existing entity. Sometimes this psychological step of seeing the business as something real will further motivate and inspire you to bring greater success to your business.

Reduced Chance of Tax Audit

Sole proprietors tend to be more likely to file incorrect returns (many are self-prepared), and tend to under report revenue or over report deductions. For these reasons, the IRS has audited a much higher percentage of sole proprietor tax filings than corporate filings in recent years. In tax year 2006, a Schedule C filer stood a 1 in 32 chance of being audited. For non-business filers, the odds were around 1 in 124. This means that sole proprietors are significantly more likely to be audited.

Build Credibility

Distinguishing yourself from the competition by establishing a professional identity helps increase credibility with your customers. Most businesses choose to incorporate a business to prove their legitimacy to both customers and suppliers. Adding “INC.” or “LLC” after your business name gives you the credibility and professionalism that many customers are looking for.

You could file all the necessary incorporation documents yourself. However, when you consider the time involved for filing, administering, and maintaining all the documents necessary to keep your business running legitimately. why would you? Let us help you get it done, so you can get back to business!

  • Forming a business with MyCorporation is a cost-effective way to protect personal assets and gain potential tax savings.
  • Our incorporation services start at just $69 (plus required government fees).
  • Lawyers charge, on an average, over $200 per hour. With our document filing services, you’ll know exactly what you are getting, and how much it costs from the very beginning.

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Role of Finance in a Business, how to finance a business.#How #to #finance #a

Role of Finance in a Business

How to finance a business

Money is the nerve center of a business.

Looking at finance. image by mark humphreys from Fotolia.com

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The goal of any finance function is to achieve three benefits: business support service, lowest costs and effective control of the environment. Money is the lifeblood of a business and finance is the nerve center. Finance is required to promote or create a business, gain assets, develop products, run market surveys, advertise. The conventional view of finances focuses on being reactive, efficient, quantitative and risk averse. New innovative views focus on being vision-oriented, opportunity and growth focused, intuitive and risk-taking.

Budget And Forecasting

Budgeting and forecasting relate your business to the outside community. Driven by earnings and growth estimates, stock prices rely on timely data forecasting to achieve optimal price and market capitalization. Small businesses benefit from this knowledge even though not publicly traded. Knowledge of raw material requirements, personnel and staffing demands, and expansion requirements force entrepreneurs to thoughtfully consider their needs.

Bookkeeping

Also referred to as the close, Finance, Money Business and Stock Market website defines bookkeeping as the process by which all subsidiary ledges and journals of the organization are summed up for a given time. A close can be small and simple or incredibly long and complicated depending on the size and complexity of the company. Your company should be able to close within a few hours, so the process can happen daily.

Reporting

Any company with shareholders or outside financing should have standard external reporting requirements. External reports focus on how banks, shareholders and the general public all relate to the organization. Stockholders rely on reports of data forecasting and budgeting when determining when to buy and sell, so accurate data defines the entire process.

Payables And Receivables

The finance department manages all cash flow into and out of a business. Vendors and creditors need payment correctly and on time to keep things running smoothly. You need to stay liquid–the right amount of cash on hand–at all times and finance must maintain payment plans that keep everything on track.

Importance

Due to public trading, large company owners tend to be widely scattered with management sometimes located in another place entirely. The management must ensure the owners economic welfare to stay employed. A company s success and growth occurs when the principles and procedures of corporate finance are followed. Corporate finance forms the backbone of a corporation. Without accurate and timely information, the system would fall to pieces.

References (3)

About the Author

Dana Griffin has written for a number of guides, trade and travel periodicals since 1999. She has also been published in The Branson Insider newspaper. Griffin is a CPR/first-aid instructor trainer for the American Red Cross, owns a business and continues to write for publications. She received a Bachelor of Arts in English composition from Vanguard University.


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