Window Cleaning Coach: How to Start a Window Washing Business, Tips, Advice, Training, Tools,
#window cleaning business
Hi, my name is Dave and I run my own successful window cleaning business called ShineTime in Birmingham, England.
The reason I’ve created this website is because I found that there was a lack of free information on setting up your own window cleaning business when I first started.
Instead I found there are a lot of opportunist window cleaners on the internet who are selling their knowledge (you can’t blame them really can you).
I realise when you’re setting up your own business funds are tight, so I’ve decided to give my expertise away for free.
The reason for this generosity you might ask? Well window cleaning helped me out of a tight spot: I was working in a dead-end factory for minimum wage and wasn’t too happy about the situation.
I finally decided to start my own window cleaning business, and after a lot of trial and error my business became successful. I want to help other people thinking of starting their own window cleaning company avoid some of the mistakes I made when I first started by doing this informative website.
Let’s get one thing straight, being a window cleaner is a horrible job: in Winter you feel like your hands are going to drop off, if you’re working by yourself it can become very lonely, and sometimes your customers can give you hassle. As you’re the head of the company you’re the one who has to deal with troublesome customers because there’s nobody to pass the blame onto.
It’s not easy either, most people seem to think it’s just a case of buying a bucket, getting a chammy and you’re away. Sadly there’s a lot of competition out there, it’s highly likely you’ll find all the best areas where you live (the posh ones that make you the most money) are taken.
You have to be prepared to work hard to build up your round and be able to discipline yourself because there’s no boss to kick you up the arse when you feel like having an impromptu day off. It’s very easy to slip into the habit of thinking: I can’t be bothered with it today. or I think I’ll knock off early .
It’s good to have the freedom that only comes with being your own boss, but it still doesn’t mean you can spend every other day in bed. Disappointing I know, but that’s life.
I want to make it clear that not everybody is suited to self-employment, some people need a person watching over them to make them work. If this is a description of you then you probably shouldn’t bother wasting anymore of your time on this site. Instead, you may want to consider looking for other cleaning jobs first to get some experience and see if a window cleaning career is really for you.
Despite all the drawbacks however, I believe if you’re desperate, i.e. stuck in a job you absolutely hate, or unemployed and on the dole, then window cleaning could be for you because it’s a realistic way of making a respectable living for a person who has no other options, just don’t expect to be driving around in a Bentley anytime soon.
#window cleaning business
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Water fed pole questions, discussion and media.
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Tradition window cleaning questions, discussion and media.
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Many of us love tinkering with our systems and creating ways to save time and water. Why not share your window cleaning tips, ideas and engineering expertise!
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#short term business loans
The Perils of Short-Term Business Loans
Principals, Whitestone Partners Inc. a management-consulting firm
September 15, 2015
Funding your start-up is seldom easy. Your options are limited. Friends and family members normally can only invest a small amount. Bank loans can be hard to come by. Government programs can take months to navigate. Small business owners may consider alternative and short-term lenders when cash gets tight. However, before doing so, you need to understand what you are buying.
As example, let s say that you are going to borrow $50,000. You only need the capital for one month and the small-business lender tells you it charges three percent. In most cases, this is three percent per month. In other words, if you borrow $50,000 for one month, you must repay $51,500 ($50,000 of principal plus $1,500 of interest).
If you need to extend for an additional month, it is another three percent. If you do that for a year (12 times), you would pay $18,000 in interest (12 times $1,500). However, $18,000 divided by $50,000 is 36 percent. Therefore, even if you only keep the loan for one month, you are paying an interest rate that is 36 percent per year. Of course, you ll never hear one of these lenders say that they are charging you 36 percent. That rate doesn t sound attractive. Nevertheless, that s what it is. You wouldn t dream of paying that interest rate for a home loan or a car loan. Most credit cards offer better rates.
Related:Cash Crunch: What s the Best Loan for Your Small Business?
This type of lending is very expensive. In short, almost any other loan you could get would cost you less. You could take a second mortgage on your home, refinance your automobile, apply for a new credit card or ask your Uncle John for a loan. Explore all of the other options before taking this type of loan. It s probable that any other option would cost you less, probably much less.
Another option is to bring money into your business by taking on a partner — an angel investor. Sell part of your business to an investor to get the money you need. The popular show Shark Tank shows people trying to do this each week. If you follow this route, there are many precautions you should take, but that s another topic.
Suppose you have no other options. There are no viable investors. You don t own a home. Your car loans are maxed out and credit card companies aren t interested because your credit isn t good. If you literally have no other options, short-term or alternative lending might make sense. The key question is how long will you need to borrow the money?
If you will need money for the long term and there is no other source of capital, our best advice is to close down your business. Essentially no legal enterprise can deliver a return of more than 36 percent in the end. If your business doesn t deliver more than your cost of capital, you will eventually go out of business anyway. Facing that fact now will allow you to cut your losses.
On the other hand, if you truly need the money for only a short time, it may be that such a loan will make sense. For example, you owe your suppliers money. They are refusing to provide the material you need to work until they are paid. Customers owe you money for work you have previously done. What you are owed is enough to cover your obligations and you believe that you will receive payment in the near future. In this case, a short-term loan, even at a very high interest rate may make sense because it allows you to keep working.
Be cautious, there are many lenders that prey on small business people who have a dream, but are not financially sophisticated. In some cases, the rates are usury. Accepting such rates will cause you to dig a deeper hole in the long run. Nevertheless, there may be situations where these loans are appropriate.
The Two Types of Investments You Can Make In a Small Business
Equity and Debt Are The Choices on the Small Business Investment Menu
When you make a small business investment, you have two choices: Do you take equity (an ownership stake) or debt (lend money in exchange for interest income and future repayment)? Both have their own advantages and disadvantages. Betsie Van Der Meer/Taxi/Getty Images
Updated August 22, 2016
Investing in a small business has always been, is currently, and most likely always will be one of the most popular ways individuals and families begin the journey to financial independence ; a way to create, nurture, and grow an asset that, when intelligently run under the right conditions, throws off surplus cash to provide not only a good standard of living, but to fund other investments. Still, it isn t uncommon, at least in nations with an entrepreneurial history such as the United States, for a small business owner to have never owned a publicly traded share of stock or a mutual fund. opting, instead, to put everything into their own restaurant, dry cleaning business, or sporting goods store.
Frequently, this small business grows to represent the most important financial resource the family owns, other than their primary residence.
In today s economic and political climate, these types of small business investments are often structured as either a limited liability company or a limited partnership. with the former being the most popular due to the fact it combines many of the best attributes of corporations and partnerships. In years past, sole proprietorships or general partnerships were more popular, which provide no protection for the owners personal assets outside of the company.
Whether you are considering investing in a small business by founding one from scratch or buying into an existing company, there are typically only two types of positions you can take: 1.) Equity, or 2.) Debt. Though there may be countless variations, all investments come back to those two foundations.
Equity Investments in Small Businesses
When you make an equity investment in a small business. you are buying an ownership stake. Equity investors provide capital, almost always in the form of cash, in exchange for a percentage of the profits and losses. The business can use this cash for a variety of things, including funding capital expenditures to expand, reducing debt, buying out other owners, building liquidity, or hiring new employees.
In some cases, the percentage of the business the investor receives is proportional to the total capital he or she provides. For example, if you kick in $100,000 in cash and other investors kick in $900,000, totaling $1,000,000, you might expect 10% of any profits or losses because you provided 1/10th of the total money. In other cases, especially when dealing with an established business or one put together by a key manager, this would not be the case. Consider the investment partnerships Warren Buffett ran in his 20 s and 30 s. He had limited partners contribute nearly all of the capital, but profits were split 75% to limited partners, in proportion to their overall share of the capital, and 25% to him as the general partner, despite having put up very little of his own money. The limited partners were fine with this arrangement because Buffett was providing expertise.
An equity investment in a small business can result in the biggest gains, as well as the most risk. If expenses run higher than sales, the losses get assigned to you.
A bad quarter, or year, and you might see the company fail or even go bankrupt. However, if things go well, your returns can be enormous. Virtually all of the research on millionaires in the United States shows that the single biggest classification of millionaires are self-made business owners. If you want to rank among the top 1% of wealth. owning a profitable business in a niche market that churns out dividends each year is your best chance, statistically.
Debt Investments in Small Businesses
When you make a debt investment in a small business, you loan it money in exchange for the promise of interest income and eventual repayment of the principal. Debt capital is most often provided either in the form of direct loans with regular amortization or the purchase of bonds issued by the business. which provide semi-annual interest payments mailed to the bondholder.
The biggest advantage of debt is that it has a privileged place in the capitalization structure. That means if the company goes bust, the debt has priority over the stockholders (the equity investors). Generally speaking, the highest level of debt is a first mortgage secured bond that has a lien on a specific piece of valuable property or an asset, such as a brand name. For example, if you loan money to an ice cream shop and are given a lien on the real estate and building, you can foreclose upon it in the event the company implodes. It may take time, effort, and money, but you should be able to recover whatever net proceeds you can get from the sale of the underlying property that you confiscate. The lowest level of debt is known as a debenture, which is a debt not secured by any specific asset but, rather, but the company s good name and credit.
Which Is Better: An Equity Investment or a Debt Investment?
There is no simple answer to this question. If you had been an early investor in McDonald s and bought equity, you d be rich. If you had bought bonds, making a debt investment, you would have earned a decent, but by no means spectacular, return on your money. On the other hand, if you buy into a business that fails, your best chance to escape unscathed is to own the debt, not the equity.
All of this is complicated by an observation that famed value investor Benjamin Graham made in his seminal work, Security Analysis. Namely, that equity in a business that is debt-free cannot pose any greater risk than a debt investment in the same firm because, in both cases, the person would be first in line in the capitalization structure.
The Preferred Equity Debt Hybrid
Sometimes, small business investments straddle the ground between equity investments and debt investments, modeling preferred stock. Far from offering the best of both worlds, preferred stock seems to combine the worst features of both equity and debt; namely, the limited upside potential of debt, with the lower capitalization rank of equity. There are always exceptions to the rule.
#short term business loans
Short Term Business Loan
Whether you are in the startup phase, experiencing a slow business cycle or just need to ensure positive cash flow, access to working capital is a crucial component for business survival.
Short-term loans are designed to meet immediate financing needs, like bridging gaps in cash flow, dealing with unexpected needs for extra funding and taking advantage of new business opportunities that come along.
Rather than pull funds from other parts of your business, a short-term loan can cover your costs while keeping your daily accounts payable intact.
Is a short-term loan right for my business?
Short-term loans can be extremely beneficial during a growth period, fluctuating cash flow times or when there is a need for seasonal purchasing. If you know that taking the loan will put you in a position to pay back the loan quickly, a short-term loan may be the solution.
Some instances where a short-term loan can benefit your businesses include:
- Accounts receivables vs. payables – Short-term loans can help businesses that are cyclical in nature. When there’s a lag between cash coming in and cash going out, a short-term loan can help bridge the gap.
- Short-term operational costs – If you need to hire extra help during the holiday season or require a particular piece of equipment to cover an unusually large job, a short-term loan can help get the job done.
- Cash flow – When you don’t have funding now but can depend on the money coming in soon, a short-term loan can help you get over the hump so that you can continue to operate your business as usual.
- Emergency repairs – The unexpected occurs from time to time. Whether it’s a computer crash or malfunctioning packaging equipment, you can get funds to cover your costs for when an emergency arises.
Traditional Banks or Alternative Lenders?
Traditional banks are more conservative in their lending practices, giving small business owners few places to turn for the working capital they need. Banks offer short-term loans as lines of credit with the option of paying interest only with principal payoff at a specified time in the future, from 90 days up to a year or more.
Other lenders like Kabbage provide new ways to get the working capital you need to make sure you won’t miss an important opportunity. Kabbage offers six-month loan terms. You can draw from your line as often as you want, and you won’t be charged any early payment fees if you pay off your loan quickly.
Online Loans from Kabbage
- Get instant approval.
Unlike traditional lenders, we approve small business loans by looking at real-life data, not just a credit score. Link the services you use to run your business, and we’ll instantly review your business health. Your funds will be in your account in anywhere from a few minutes to fewer than three days. No paperwork, faxing or waiting in line.
- No hidden fees, no obligation.
You pay nothing to establish your line of credit, and you’re not obligated to take an online loan when you’re approved. Pay fees only on the working capital you take.
- Lines of credit from $2,000 to $100,000.
Draw against your credit line as often as once a day and pay only for what you take. With credit lines up to $100,000, you can dip into your piggy bank anytime.
- Access your funds 24/7.
Kabbage provides you with ongoing access to your funds online and on the go through our mobile app, so you’re always ready to take advantage of the next opportunity.
- Safe and Secure
Kabbage is TRUSTe certified, and we have and A+ rating with the Better Business Bureau. We take your security very seriously and follow all regulatory practices to maintain the integrity of your information. Regardless of whether you’re approved or take a business loan, you can apply with confidence that your information is safe.
Get the security of a business line of credit today
Qualify for a line up to $100,000 in minutes
Loans to suit your business
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Kabbage is powered by the Kabbage Platform. Visit the website
*Kabbage can approve you in minutes when we are able to automatically obtain your business data and instantly verify your bank account. In some situations errors may occur during the sign up process, or we may need to send micro-deposits to confirm your bank account for security purposes. If this is the case, it may take up to several days to provide you access to funding.
2016 Kabbage Inc. All rights reserved. Kabbage is a registered trademark of Kabbage, Inc.
All Kabbage business loans are issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC.
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I think being ethical would be an objective of most business orgnizations. It is undeniable that some firms may hold the idea that making profit is the most important goal, in this case they could sometime being unethical like giving workers very low wages or produce a lot of pollution. In this way, although the company may get high profit in a short period of time, thier reputation will be really bad and consumers might stop buying their products in the future.
Anglo American has recognised the importance of taking social responsibilty. I think this will be a opportunity of them. In my own prospective, if one company can not only obey the law but also treat most stakeholders equally, they will finally obtain a lot of benefits. For instance, if Anglo American have wonderful working conditions for their employees, they will easily recruit new workers will good skills due to their good reputation. If company can pay supplier on time they may easily to get a discount in the future.
Promise not break the law is just a really basic regulation for business today. Taking social responsibility and being ethical are become increasingly important for most company. Although there is no doubt that the cost of business will rise when they choose to being ethical, they will benefit from that in the near future.
#small business finance
5 Small Business Financing Trends to Watch
Entrepreneurs, fasten your seat belts. Whether you re starting up your dream business this year or managing your established small company, 2016 will be a rollercoaster ride of potential opportunity and pitfalls. Here are five trends to watch closely so you can jump on or off at the right time for your business:
1. The online lending market will grow but unwary borrowers beware!
The online lending sector of the financial technology (fintech) industry exploded in 2015 and shows no signs of slowing down this year. These lenders attract entrepreneurs by offering faster, more streamlined application processes than traditional banks. They are a true market disruptor: who doesn t want to fill out an online form and get loan approval mere hours later?
But be careful. These online lenders aren t regulated the same way as banks, and you need to read the fine print carefully. Generally, these lenders focus on merchant cash advances (with a payment arrangement that takes weekly or even daily dips from your incoming cash) or working capital loans with repayment front loaded into the first few months of the loan term. Their terms may be unclearly stated, and unsophisticated borrowers can find themselves on the hook for as much as 30 to 80 percent in rates and fees.
Online lenders have a place in the business landscape: they pressure traditional banks to pay more attention to small businesses and startups, and they can help you kick start your new business or put operational upgrades in place. There is already a movement afoot for lending organizations and financial service firms to support a Small Business Borrowers Bill of Rights. But until standards are in place, make sure you re crystal clear on the APR and cash flow implications of any loan you take out online.
2. Banks will edge back into the (small) lending business
And it s about time. Lower-dollar business loans have dwindled in the last ten years, even as Small Business Association funding caps have risen. In 2015, 79 percent of SBA loans were greater than $350,000. and most big banks would only consider applications from businesses with a minimum two-year financial track record. That left a lot of entrepreneurs out in the cold.
In 2016, thanks in part to the market threat presented by the booming fintech industry, traditional banks will ease back into lower-dollar lending and will explore alternative funding options. Karen Mills, former SBA chief, expects banks to move towards greater online automation themselves, and perhaps even partner with online lenders.
Since the SBA only guarantees loans through traditional banks, anything those banks do to open up to smaller businesses is good news for everyone.
3. The SBA has plenty of money to fund your business in 2016, but watch those rates.
SBA approved $23.6 billion in business funding in 2015, and the 7(a) funding cap for fiscal year 2016 is currently set at $26.5 billion. SBA loans are still the resource of choice for many entrepreneurs (my company, Guidant Financial. saw a 200 percent increase in SBA lending services last year). SBA is out in front of most traditional banks with its online application process and continues to streamline their processes.
But do your math, and keep a close eye on the Fed. SBA loans are variable and reset quarterly: with a volatile worldwide stock market and potentially rising interest rates in 2016, these loans will become more expensive than in the past 5 7 years.
4. Boomer entrepreneurs usage of 401(k) business financing will continue to climb.
Baby boomers continue to surge as a percentage of entrepreneurs. The 2015 Kaufmann Index found that people age 55-64 make up a quarter of all new entrepreneurs .
These owners are often in the enviable position of having ample retirement savings that they can use to fund a new business without tax penalties. The Rollover as Business Startup (ROBS) strategy can fully fund their business, or work as an equity injection in conjunction with a traditional SBA loan. This strategy has been in use for over a decade and has become increasingly popular since 2008. With rising interest rates, this popularity will only increase as ROBS does not have traditional loan fees associated with it, nor is it affected by the stock market.
The advantages of ROBS? Avoiding the higher costs of alternative lending or traditional loans, and providing the equity reassurance to loan underwriters, even in the absence of a two-year track record of business. But as with any investment, ROBS can be a risk. Canny entrepreneurs will make sure their business plans are rock-solid, and then put their retirement funds back to work.
5. Get ready for business to hit the brakes in August through early November.
It s common for presidential elections to derail the momentum of the economy as candidates make undeliverable promises or dire threats, and Congress freezes like a deer in headlights. Already, small business owners confidence is wobbling and may result in self-imposed delays in startups or acquisitions.
We ll know more about the potential benefits or challenges for small business when clear candidates emerge and take specific positions on issues like tax changes, industry regulation and health care.
There s a lot to keep your eye on in 2016. But for entrepreneurs who build and execute solid financial and operational plans, and keep a clear eye on their funding options, 2016 can be a banner year. Remember that opportunity always feels like a rollercoaster. Buckle up and enjoy the ride!
How to sell your business: Planning the exit strategy – Small Business #cool #business
#selling your business
How to sell your business: Planning the exit strategy
How small and medium businesses can take on flexible working
Some 57 per cent of employees say the availability of flexible working in their workplace is important to them, according to Sage data. This guide to Sage 200 Online shows why more and more businesses are turning to the cloud.
Controlling Cash Flow – Learn to master your money
Find out how five small businesses met the challenges of raising finance, from drawing up a business plan to securing investment. Complete with expert guides and tips to help you through the process.
The Vitesse Network
Vitesse Media Plc, 14 Bonhill Street, London EC2A 4BX T. 0207 250 7010
2016 Vitesse Media Plc
2016 Vitesse Media Plc
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BREAKING DOWN ‘Business Ethics’
Business ethics ensure that a certain required level of trust exists between consumers and various forms of market participants with businesses. For example, a portfolio manager must give the same consideration to the portfolios of family members and small individual investors. Such practices ensure that the public receives fair treatment.
The concept of business ethics arose in the 1960s as companies became more aware of a rising consumer-based society that showed concerns regarding the environment, social causes and corporate responsibility. Business ethics goes beyond just a moral code of right and wrong; it attempts to reconcile what companies must do legally versus maintaining a competitive advantage over other businesses. Firms display business ethics in several ways.
In the case of a company that sells cereals with all-natural ingredients, the marketing department must temper enthusiasm for the product versus the laws the govern labeling practices. Some competitors’ advertisements tout high-fiber cereals that have the potential to reduce the risk of some types of cancer. The cereal company in question wants to gain more market share. but the marketing department cannot make dubious health claims on cereal boxes, or it risks facing litigation and fines. Even though competitors, who have a larger market share of the cereal industry, use shady labeling practices, that doesn’t mean every manufacturer should engage in unethical behavior.
Another case study involves quality control for a company that manufactures electronic components for computer servers. These components must ship on time, or the parts manufacturer risks losing a lucrative contract. The quality control department discovers a possible defect, and every component in one shipment faces checks. Unfortunately, the checks may take too long, and the window for on-time shipping could pass, and that, in turn, delays the customer’s product release. The quality control department has the option of shipping the parts, hoping that not all of them are defective, or the company can delay the shipment and test everything. If the parts are defective, the company that buys the components might face a firestorm of consumer backlash, which may lead to the customer to seek another, more reliable supplier.
The National Business Ethics Survey comes out every two years. In the 2013 edition, respondents saw an all-time low in unethical behavior. Around 41% of employees saw misconduct on the job, compared to 45% in 2011. The survey concluded that possibly an uncertain economic climate led to less risk-taking in for-profit businesses leading more managers and executives to act more ethically. The survey found that 60% of misconduct on the job occurred among managers, and 25% of employees blamed senior-level managers for unethical behavior.