Tag: up

Setting up a cleaning business #small #business #grant

#cleaning business

#

setting up a cleaning business

setting up a cleaning business

Me and my friend have been talking about setting up our own cleaning business but not to sure on where to start. we would be grateful if anyone could give us any advice on — what insurance do we need and how much it cost?
how to price up a house to clean bearing in mind there is 2 of us working? or if there is anything we need to do before starting our new business.
thanks

My friend and I are thinking about doing the same. I will be keeping an eye on this thread

cleaning business advice x

hi everyone hope your all well. i was wondering if any of you lovely ladies could help me. i would love to start a cleaning business with my friend but we have no idea where to start we would be grateful if anyone could give us a little advice on how to start up. insurance. pricing houses do you price ph or by each individual house. do you use your own products. how to advertise without braking the bank. and anything ales you could help us with..

thanks hun good luck to u and your friend to xx

1) Working with a friend you have to think about sharing money. What’s the plan? Are you just going for a 50:50 split? Have a think about it because you’ve got a couple of options: a) form a Ltd Company or b) both work as sole traders . There are pros and cons for both! You don’t need to worry about registering with HMRC until you’re actually making money and tbh they won’t kick up a fuss as long as you’ve registered by the end of the tax year.

2) You’ll need public liability insurance and if you intend to take on employees in the future you’ll need employee liability insurance – but for the moment, a policy for both of you will do. Do a quick google for insurance for cleaners and a bunch of sites will pop up.

3) Pricing – your choice. There’s a lady on another parenting website who prices per job and then she races through it to make more money in a shorter time.

4) Owning your own products will save you time. Why do I say that? Well, every single cleaner I’ve had at home has given me a list of stuff she wanted me to buy or she’s gone out and bought a list and then given me the bill. Would’ve saved herself a lot of bother if she’d just bought her own stuff! You might even be able to put these through as expenses for your business, but you’d have to ask an accountant about that!

5) In your game you’re going to have to concentrate on local advertising which generally means word-of-mouth, flyers, ads in shop windows. However, in this modern world most people do an internet search when they want to buy something – something like 80% of women will google something before buying! So it’s going to make sense to get a small website up and use Google places to get a pin in your home town.

The Business Of Women – Empowering Women Through Entrepreneurship

My cleaner charges per hour and I think that is pretty much standard.

The best way to get business is by word of mouth – I personally wouldn’t want someone in my house who was just some random person off the internet or from an agency. Use Facebook, set up a separate profile and ask yor friends to recommend you to their friends, use any contacts you have through the kids’ schools or playgroups etc. My cleaner also offers one-off blitz cleans which makes her quite good money over the summer or before Christmas. Good luck.

Hi. I am a distributor for Wikaniko (We-Can-Eco) and my Company offer an eco cleaning package for people who want to start up as cleaners. There is so much to consider such as public liability insurance, book keeping, products, advertising, CRB checks, etc. The Wikaniko package incorporates everything that you need in order to attract a
weekly income doing domestic cleaning in your local area and even helps you to register as self employed.

There is a small cost involved, but Wikaniko even help with this.

It might be something to consider.

thanks for the info ladies x just need to think of a business name now lol xx

No expert but I changed my business name from something cheesy like for example merry maid to my surname example smiths cleaning service, my surname became most popular where I got more business and sounds more trusting and professional as people saw it as a little family run business that they tend to prefer x

Mum to 5 year old girl Robyn
17 weeks pregnant

best way to advertise my house cleaning business x

good morning ladies. iv just set up my own domestic house cleaning business and was wondering what is the best way to advertise that is either free or dosnt cost to much.
thanks

facebook! its the most popular way nowadays for businesses big and small to advertise! set up a page invite all your existing friends and get them to share your page, every now and then hold competitions for people willing to advertise your business and decide on the winners prize, can be something daft like a box of roses of cheap wine! good luck ive always wanted my own business but not brave enough.xx

Have you considered placing cards advertising your services in shop window displays in your catchment area.

If you are able to travel in a five mile radius that will probably present quite a lot of shops.

Last edited by Ambersilva R; 28-06-13 at 12:50. Reason: typo

best way to advertise my house cleaning business x

hi ladies. what is the best way to advertise my house cleaning business that is free or dosnt cost to much??

also if anyone has set their own business how long did you wait till you got your first customer.
thanks





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Start up business ideas #business #clothing

#business ideas

#

You need to have a viable business idea. You must also have what it takes to make it work. You also must have enough money.

If you’ve got what it takes to start your own business, and you’ve done your research, forming a business is the next exciting leg on the journey.

Many people struggle with the financial side of managing their small business. Not everyone has a head for figures or wants to become an accountant.

If you want to run a legitimate enterprise, you must pay tax. It’s worth understanding your tax obligations before you start up to factor them in.

Many people, including some leading business representatives, argue that small firms are over burdened by the weight of business law.

It might be a cliché, but it remains true – planning without action is futile, while action without planning is fatal. You need a business plan.

Marketing matters. Marketing drives sales for businesses of all sizes by ensuring that customers think of their brand when they want to buy.

Premises provide the second-biggest overhead for many businesses. If you can start your business from your home, it will be much easier to break even.

The success or failure of a business can often rest in the hands of its most valuable asset – its people. But managing them can be a challenge.

There can’t be many firms in the UK, however small, that don’t use IT in some way. Many businesses simply couldn’t exist without IT.

Half of all new businesses fail within five years. So how do you survive and thrive? Find out how to scale up and become a high-growth business.

Start up business ideas





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Start Up Business Loans: The 9 Best Options #business #ethics

#start up business loans

#

Start Up Business Loans: The 9 Best Options

Thanks for clarifying. With a deal like this, conventional lenders (like Bank of America, etc.) may be your best option. Who is willing to finance the deal and how the financing is ultimately structured will depend on the specifics of the deal. The financial health of the businesses you re looking to acquire as well as your own personal financial health will be critical. Sometimes banks will finance a portion of a deal with an SBA loan (the 7a is capped at $5m) and the rest with a traditional bank loan.

This article is well organized and informative. I will look into one of these options very soon. I am starting a business in a couple of months but I have no money to put into the business. I have a 690 credit score and own a home with hardly any equity. I need money for the equipment, franchise fee, and working capital. I have a business plan done but have not made a move yet. Any guidance?

Thanks reaching out.

In most cases, lenders will require you put up a down payment of 10-20% for a startup business loan. Typically, lenders do not want that down payment to come from additional borrowing (like from a personal loan or credit card cash advance). If you don t have any cash savings, this might mean finding an investor/partner. Or, if you have over $50k in a retirement account, you could use those funds for the business/down payment (without paying early withdrawal taxes and penalties) by setting up a rollover for business startups (ROBS). Read more about those here or speak with a ROBS pro at Guidant .

I hope that is helpful. Check in with us as things progress. We d love to get updates.

I want to start an arts and crafts supply store in my area. There are none in the city that I live in. I am a new entrepreneur and I am still learning the process. I am also a veteran, minority female are there loans available for me?

Thanks for your question. There are certain small business loan programs available to women. minorities. and veterans. Check out those articles for more details.

Keep in mind, as with any loan program, you have to show the lender that you will be able to repay the money you re borrowing (plus interest) in a timely manner. In other words, these are not giveaways. These are primarily normal business loans that come with slightly more flexible qualifications and which have been flagged for certain groups in order to promote certain policy goals.

In most cases you will still need a credit score above 650 (check here for free ) and will need to present a solid business plan with projections (we recommend LivePlan to create a comprehensive business plan plus they come with hundreds of examples/templates which is a big help). Having some collateral and a down payment will also increase your chances of being approved for one of these loans.

Stay in touch and let us know how things go.

Good day! My two biz partners and I are looking to obtain a start up loan and hit the ground running. Credit score is 740 s, approvals right and left, obviously this is great and no problem. Problem we are running into is, we are unestablished which is apparently a major deal breaker. This particular venture previously done with much success by one of the three partners was producing 19k-20k/month and growing. His partner at the time split with nearly ALL the companies revenue (350K!), so my question is, how can we get the loan (50k-100k) to get started? Thanks!

Startups often have a difficult time obtaining traditional bank loans for the exact reason you re describing. If either of you have real estate that can be used as collateral, you may be able to obtain an SBA loan. However, for startups, it can take 2-3 months to get funded with an SBA loan.

If all three of you have credit scores above 700, you may want to consider personal loans with Lending Club to start. If you keep close records of how the proceeds are used, you should be able to refinance the loan with a business loan down the road, when the business has been operating for a year or two.

I have someone interested in investing in my food service business. He will invest $25,000 for start-up costs. What percentage of interest would be normally be paid, after he makes his money back?

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Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer .





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10 Steps to Setting Up a Payroll System #home #based #business #opportunities

#small business payroll

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Whether you have one employee or 50, setting up a payroll system not only streamlines your ability to stay on top of your legal and regulatory responsibilities as an employer, but it can also save you time and help protect you from incurring costly Internal Revenue Service (IRS) penalties.

Here are 10 steps to help you set up a payroll system for your small business.

Obtain an Employer Identification Number (EIN). Before hiring employees, you need to get an employment identification number (EIN) from the IRS. The EIN is often referred to as an Employer Tax ID or as Form SS-4. The EIN is necessary for reporting taxes and other documents to the IRS. In addition, the EIN is necessary when reporting information about your employees to state agencies. You can apply for an EIN online or contact the IRS directly.

Check Whether You Need State/Local IDs. Some state/local governments require businesses to obtain ID numbers in order to process taxes.

Independent Contractor or Employee – Know the Difference. Be clear on the distinction between an independent contractor and an employee. In legal terms, the line between the two is not always clear and it affects how you withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment taxes.

Take Care of Employee Paperwork. New employees must fill out Federal Income Tax Withholding Form W-4. Your employee must complete the form and return it to you so that you can withhold the correct federal income tax from their pay.

Decide on a Pay Period. You may already have a manual process for this, but setting up a pay-period (whether monthly or bi-monthly) is sometimes determined by state law with most favoring bi-monthly payments. The IRS also requires that you withhold income tax for that time period even if your employee does not work the full period.

Carefully Document Your Employee Compensation Terms. As you set up payroll, you’ll also want to consider how you handle paid time off (not a legal requirement, but offered by most businesses), how you track employee hours, if and how you pay overtime, and other business variables. Don’t forget that other employee compensation and business deductibles such as health plan premiums and retirement contributions will also need to be deducted from employee paychecks and paid to the appropriate organizations.

Choosing a Payroll System. Payroll administration requires an acute attention to detail and accuracy, so it’s worth doing some research to understand your options. Start by asking fellow business owners which method they use and if they have any tips for setting up and administering payroll. Typically, your options for managing payroll include in-house or outsourced options. However, regardless of the option you choose, you — as the employer — are responsible for reporting and paying of all payroll taxes.

Running Payroll. Once you have all your forms and information collated, you can start running payroll. Depending on which payroll system you choose, you’ll either enter it yourself or give the information to your accountant.

Get Record Keeping Savvy. Federal and some state laws require that employers keep certain records for specified periods of time. For example, W-4 forms (on which employees indicate their tax withholding status) must be kept on file for all active employees and for three years after an employee is terminated. You also need to keep W-2s, copies of filed tax forms, and dates and amounts of all tax deposits.

Report Payroll Taxes. There are several payroll tax reports that you are required to submit to the appropriate authorities on either a quarterly or annual basis. If you are in any way confused about your obligations, take a look at the IRS’s Employer’s Tax Guide. which provides some very clear guidance on all federal tax filing requirements. Visit your state tax agency for specific tax filing requirements for employers.





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How to Become a Dog Walker – Wacky Hounds, brightening up your dog s day #small #business #crm

#dog walking business

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How to start a dog walking business.

Become a professional Dog Walker – The ultimate dog walking job – Dog walker opportunity

This short guide has been written with a view to explaining what is required to start up a professional dog walking business. It should give you a good idea about what you need to consider in your pursuit of becoming a full time Dog Walker. This guide is designed to give you an idea as to what is involved in starting up a professional dog walking business to run on a commercial full time basis. There are many adverts out there offering “dog walking jobs” but there is no need to look for employment as a dog walker or indeed to apply for dog walking jobs, when you can run your very own successful dog walking business.

There are many people, many dog loving people, who are in jobs that they dislike and would give their right arm for an opportunity to make a successful career in some form of dog care. Imagine keeping fit whilst being out in the fresh air and countryside. Could you think of a better way to make a living than keeping fit in the fresh air, whilst working with loads of different dogs every day? The list below will give you a good idea about how to become a self employed dog walker, so that you don’t have to apply for so called “dog walking jobs” or “dog walking opportunities”.

When starting a dog walking/pet sitting business, there is a lot of things to take into consideration:

Business Insurance – You will need quality business insurance which should include the likes of Public Liability, Care Custody & Control/Animal Liability, Professional Indemnity, Equipment Insurance, Personal Accident Cover, Vet Fees Extension, Loss of Key Cover, Glass Cover & Holiday Emergency Cover.

A professionally equipped van – For the transportation of dogs, your van should be professionally kitted out in the inside, be fitted with a moisture extraction system and your livery should be undertaken by professional Sign Writers.

Van Insurance – Suitable cover for a self-employed Dog Walker.

Relevant Local Council Licences – Depending on your local authority, there may be a variety of licences which you must hold, if you wish to operate as a Dog Walker in your local parks or you plan to offer dog home boarding services.

DBS/Disclosure Scotland – Undertake relevant police checks to inspire confidence in your future clients and to demonstrate trustworthiness.

Website – A modern, vibrant website is a must to convey professionalism and to allow prospective clients to find you easily.

Dog Walking/Boarding/Sitting – There is a variety of services that you can offer.

Branding/Trademark – In order to distinguish yourself from your peers, a great deal of thought should go into your brand and the protection of it.

Stationery – Your stationery should be consistent with your brand, and cover the likes of business cards, letterheads & envelopes.

Marketing – It is important to keep your advertising costs to a minimum when starting up any business, yet vital to find clients. Keeping your overheads as low as possible yet effective is advised.

Registration Forms – You will need an easily managed system to sign up new clients and will need well designed forms to cover the likes of Information Form, Terms and Conditions, Veterinary Authorisation, Walking Off the Lead and Customer Satisfaction Surveys.

Cover Letters – Easily edited to cover a wide range of scenarios, to save on administration time.

Charging Structure – The importance of this cannot be understated as there is a fine line between competitiveness and profitability.

Uniform – In accordance with your brand, you must be seen to be smart and professional at all times.

Key Management – It is extremely important that your key management systems are infallible.

Rota Management – In order to run an efficient operation, good time-management is essential.

Accounts – Not only is there a legal requirement for tax purposes, but tidy book keeping will save you a lot of time and expense.

Filing – You should have a tidy and appropriate system in place that complies with all relevant data protection rules and regulations.

Equipment – The types of equipment that you will need on a day to day business will include; Leads, Couplers, nail clippers, tick-removers, waterproof camera and phone, good boots and waterproof trousers and jacket.

Branded Dog I.D tags – Essential that all of your dogs wear these on every walk.

Training – It is not easy to take out a group of dogs for an hour’s walk. The practicalities of being a Dog Walker are far reaching, and you need to consider things like: basic group formation, collection of dogs, positioning of dogs in van, safe release of dogs from van, your walks, photo and video taking, using a dog whistle, potential hazards, safely getting your dogs back in the van and a suitable procedure for returning your dogs. With all of this in mind, you should undertake suitable before commencing with commercial dog walking.

Clients – Last but not least, you need to build and look after your client bank.

As you can see with this brief guide to becoming a dog walker, there is a lot of things to give consideration to. It may seem like a lot, but starting up a professional dog walking service requires a lot of planning.If, however, you would like the backing and help from an already successful and established dog walking company, then please take a look at our franchise page and download a free copy of our prospectus. Also, why not pop in to say hello to us on our facebook page, we won’t bite!

Have a Wacky day!

Join us at Wacky Hounds





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Setting up a cleaning business #small #business #consultant

#cleaning business

#

setting up a cleaning business

setting up a cleaning business

Me and my friend have been talking about setting up our own cleaning business but not to sure on where to start. we would be grateful if anyone could give us any advice on — what insurance do we need and how much it cost?
how to price up a house to clean bearing in mind there is 2 of us working? or if there is anything we need to do before starting our new business.
thanks

My friend and I are thinking about doing the same. I will be keeping an eye on this thread

cleaning business advice x

hi everyone hope your all well. i was wondering if any of you lovely ladies could help me. i would love to start a cleaning business with my friend but we have no idea where to start we would be grateful if anyone could give us a little advice on how to start up. insurance. pricing houses do you price ph or by each individual house. do you use your own products. how to advertise without braking the bank. and anything ales you could help us with..

thanks hun good luck to u and your friend to xx

1) Working with a friend you have to think about sharing money. What’s the plan? Are you just going for a 50:50 split? Have a think about it because you’ve got a couple of options: a) form a Ltd Company or b) both work as sole traders . There are pros and cons for both! You don’t need to worry about registering with HMRC until you’re actually making money and tbh they won’t kick up a fuss as long as you’ve registered by the end of the tax year.

2) You’ll need public liability insurance and if you intend to take on employees in the future you’ll need employee liability insurance – but for the moment, a policy for both of you will do. Do a quick google for insurance for cleaners and a bunch of sites will pop up.

3) Pricing – your choice. There’s a lady on another parenting website who prices per job and then she races through it to make more money in a shorter time.

4) Owning your own products will save you time. Why do I say that? Well, every single cleaner I’ve had at home has given me a list of stuff she wanted me to buy or she’s gone out and bought a list and then given me the bill. Would’ve saved herself a lot of bother if she’d just bought her own stuff! You might even be able to put these through as expenses for your business, but you’d have to ask an accountant about that!

5) In your game you’re going to have to concentrate on local advertising which generally means word-of-mouth, flyers, ads in shop windows. However, in this modern world most people do an internet search when they want to buy something – something like 80% of women will google something before buying! So it’s going to make sense to get a small website up and use Google places to get a pin in your home town.

The Business Of Women – Empowering Women Through Entrepreneurship

My cleaner charges per hour and I think that is pretty much standard.

The best way to get business is by word of mouth – I personally wouldn’t want someone in my house who was just some random person off the internet or from an agency. Use Facebook, set up a separate profile and ask yor friends to recommend you to their friends, use any contacts you have through the kids’ schools or playgroups etc. My cleaner also offers one-off blitz cleans which makes her quite good money over the summer or before Christmas. Good luck.

Hi. I am a distributor for Wikaniko (We-Can-Eco) and my Company offer an eco cleaning package for people who want to start up as cleaners. There is so much to consider such as public liability insurance, book keeping, products, advertising, CRB checks, etc. The Wikaniko package incorporates everything that you need in order to attract a
weekly income doing domestic cleaning in your local area and even helps you to register as self employed.

There is a small cost involved, but Wikaniko even help with this.

It might be something to consider.

thanks for the info ladies x just need to think of a business name now lol xx

No expert but I changed my business name from something cheesy like for example merry maid to my surname example smiths cleaning service, my surname became most popular where I got more business and sounds more trusting and professional as people saw it as a little family run business that they tend to prefer x

Mum to 5 year old girl Robyn
17 weeks pregnant

best way to advertise my house cleaning business x

good morning ladies. iv just set up my own domestic house cleaning business and was wondering what is the best way to advertise that is either free or dosnt cost to much.
thanks

facebook! its the most popular way nowadays for businesses big and small to advertise! set up a page invite all your existing friends and get them to share your page, every now and then hold competitions for people willing to advertise your business and decide on the winners prize, can be something daft like a box of roses of cheap wine! good luck ive always wanted my own business but not brave enough.xx

Have you considered placing cards advertising your services in shop window displays in your catchment area.

If you are able to travel in a five mile radius that will probably present quite a lot of shops.

Last edited by Ambersilva R; 28-06-13 at 12:50. Reason: typo

best way to advertise my house cleaning business x

hi ladies. what is the best way to advertise my house cleaning business that is free or dosnt cost to much??

also if anyone has set their own business how long did you wait till you got your first customer.
thanks





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Start up business ideas #small #business #bureau

#business ideas

#

You need to have a viable business idea. You must also have what it takes to make it work. You also must have enough money.

If you’ve got what it takes to start your own business, and you’ve done your research, forming a business is the next exciting leg on the journey.

Many people struggle with the financial side of managing their small business. Not everyone has a head for figures or wants to become an accountant.

If you want to run a legitimate enterprise, you must pay tax. It’s worth understanding your tax obligations before you start up to factor them in.

Many people, including some leading business representatives, argue that small firms are over burdened by the weight of business law.

It might be a cliché, but it remains true – planning without action is futile, while action without planning is fatal. You need a business plan.

Marketing matters. Marketing drives sales for businesses of all sizes by ensuring that customers think of their brand when they want to buy.

Premises provide the second-biggest overhead for many businesses. If you can start your business from your home, it will be much easier to break even.

The success or failure of a business can often rest in the hands of its most valuable asset – its people. But managing them can be a challenge.

There can’t be many firms in the UK, however small, that don’t use IT in some way. Many businesses simply couldn’t exist without IT.

Half of all new businesses fail within five years. So how do you survive and thrive? Find out how to scale up and become a high-growth business.

Start up business ideas





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How to Come Up With an Idea for a Business #starting #a #new #business

#start up business

#

How to Come Up With an Idea for a Business

In their book, Start Your Own Business , the staff of Entrepreneur Media, Inc. guides you through the critical steps to starting a business, then supports you in surviving the first three years as a business owner. In this edited excerpt, the authors offer suggestions for figuring out just what kind of business you d like to start.

How do you start the business idea process? First, take out a sheet of paper, and across the top, write Things About Me. List five to seven things about you things you like to do or that you re really good at, personal things (we ll get to your work life in a minute). Your list might include: I m really good with people, I love kids, I love to read, I love computers, I love numbers, I m a problem solver. Just write down whatever comes to your mind; it doesn t need to make sense.

On the other side of the paper, list things you don t think you re good at or you don t like to do. Maybe you don t like to meet new people or you re really not that fond of kids or you don t like public speaking or you don t want to travel. Don t overthink it.

When you re finished, ask yourself: If there were three to five products or services that would make my personal life better, what would they be? Determine what products or services would make your life easier or happier, make you more productive or efficient, or simply give you more time.

Next, ask yourself the same set of questions about your business life. Also examine what you like and dislike about your work life as well as what traits people like and dislike about you.

Finally, ask yourself why you re seeking to start a business in the first place. Then, when you re done, look for a pattern (i.e. whether there s a need for a business doing one of the things you like or are good at).

Inspiring moments

Inspiration can be found anywhere. Getting an idea can be as simple as keeping your eyes peeled for the latest hot businesses; they crop up all the time. Many local entrepreneurs made tons of money bringing the Starbucks coffeehouse concept to their hometowns and then expanding from there. Take Minneapolis-based Caribou Coffee. The founders had what they describe as an aha moment in 1990 and, two years later, launched what is now the nation s second-largest corporate-owned gourmet coffeehouse chain. Other coffee entrepreneurs have chosen to stay local.

And don t overlook the tried and true. Hot businesses often go through cycles. Take gardening. For the past few years, gardening products and supplies have been all the rage, but you wouldn t consider gardening a 21st century business. The same goes for shoe cobblers and seamstress businesses with people wanting shoes and clothes to last longer or fit just-so, these businesses are in demand, and supply is short.

In other words, you can take any idea and customize it to the times and your community. Add your own creativity to any concept. In fact, customizing a concept isn t a choice; it s a necessity if you want your business to be successful. You can t just take an idea, plop it down and say, OK, this is it. Outside of a McDonald s, Subway or other major franchise concept, there are very few businesses that work with a one-size-fits-all approach.

One of the best ways to determine whether your idea will succeed in your community is to talk to people you know. If it s a business idea, talk to co-workers and colleagues. Run personal ideas by your family or neighbors. Don t be afraid of people stealing your idea. It s just not likely. Just discuss the general concept; you don t need to spill all the details.

Hopefully by now, the process of determining what business is right for you has at least been somewhat demystified. Understand that business startup isn t rocket science. No, it isn t easy to begin a business, but it s not as complicated or as scary as many people think, either. It s a step-by-step, common-sense procedure. So take it a step at a time. First step: Figure out what you want to do. Once you have the idea, talk to people to find out what they think. Ask, Would you buy and/or use this, and how much would you pay?

Determining what you want to do is only the first step. You ve still got a lot of homework to do, a lot of research in front of you. Most important: Do something. Don t sit back year after year and say, This is the year I m going to start my business. Make this the year you really do it!





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Same-Day Franchise Financing Up To $250K #good #business #names

#franchise loans

#

Franchise Financing

Looking for an easier way to get financing for your franchise? You ve come to the right place. Balboa Capital is a leading direct lender that specializes in franchise financing. We can structure and deliver a flexible, affordable solution that works within your budget. We make the entire process quick and efficient, and you will work with a single point-of-contact every step of the way. If you are purchasing new furniture, fixtures and equipment (FF E), starting the re-imaging process, or launching a property improvement program (PIP), we can help.

  • Financing Plans Up to $1 Million Per Owner/Operator
  • Franchise Working Capital Loans up to $1 Million
  • Credit Lines up to $500,000
  • Up to 70%/30% Soft Cost/Hard Cost Financing
  • 24-60 Month Terms
  • Up to 84-Month Terms for Acquisition Financing and Remodels
  • Easy Application Process
  • Competitive Rates
  • Fast Funding
  • Possible Tax Deduction Ask Your Accountant




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RBI opens up bond market #business #administration

#bond market news

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RBI opens up bond market

The Reserve Bank of India (RBI) on Thursday announced a comprehensive set of measures to change India s lacklustre bond market and provide a push to the currency market as well, completing the agenda of Raghuram Rajan, the outgoing governor of the central bank.

The RBI proposed to allow banks to raise capital through masala (rupee) bonds in the overseas market and liberalised the currency market by allowing customers residents and non-residents to maintain big open positions.

Among a series of blockbuster measures, the RBI also proposed to allow listed companies to lend money to banks through repo market mechanism, essentially overnight money, something that can have wide ranging ramifications for call money rates, short-term money market rates as well as the banking system liquidity.

The central bank also proposed allowing listed companies to lend longer tenure money to banks through the repo market mechanism. This will have an impact on interest rates, the bond market, and liquidity in the banking system.

The RBI said it would also seek legal amendments to allow banks to borrow from it by pledging corporate bonds. This should raise demand for rated corporate paper and make secondary trade possible. Currently, 95 per cent of corporate bonds are privately placed.

The proposal to allow foreign portfolio investors direct access to bond trading platforms for government and corporate paper will widen the investor base. The central bank has also proposed that banks nudge corporate clients to borrow from the bond market. Final guidelines on most of today s proposals will be issued after Rajan s departure, but some measures come into effect immediately. For example, the steps taken in the currency market essentially opened up India s closely-guarded currency market, perhaps bringing an element of speculation in the exchange rate. The Reserve Bank will now permit entities exposed to exchange rate risk, whether resident or non-resident, to undertake hedge transactions with simplified procedures, up to a limit of $30 million at any given time. The exposed person will be free to access any market (over the counter or exchange) and use any of the permissible products, the RBI said in its statement on its website.

In addition, banks might, based on their assessment of the risk management capabilities of a customer, allow an open position limit of up to $5 million, the RBI said. The currency market move was intended to improve liquidity and depth, the RBI said, adding the limit would be revised according to experience. Guidelines on this will be issued by November. Another critical change is allowing companies to lend money to banks through a market repo mechanism. So far, listed companies could only lend a maximum of 7-day money, taking government securities as mortgage, also known as repo. The RBI said this constrains their participation . It is proposed to allow such companies to lend through the repo market, without any tenor or counterparty restrictions. Guidelines based on a comprehensive review of regulations on market repo in G-secs are being issued today, it added.

Analysts hailed the measures taken by RBI. These are all critical reforms from short-to-long term perspective. Opening up of global markets for AT1 and Tier-II bonds in negative rate condition prevailing globally will be beneficial for banks, said Soumyajit Niyogi, associate director, India Ratings and Research. Listed corporates are encouraged to park short-term surplus fund through repo in G-Sec. FPI s and Individual s direct presence in bond markets and inclusion of corporate bond in LAF window will strengthen market activities, Niyogi said. Gaurav Pradhan, co-head of investment banking & capital markets for Credit Suisse in India said RBI s proactive steps acknowledged the potential of the masala bond market. Further issuance from banks will help broaden and deepen the market for masala bonds, making the product more sustainable in the long run as a financing option. From a macro perspective, we expect the RBI s move will help banks to better manage their balance sheets and lower their cost of funds, and should have a positive impact on local interest rates, Pradhan said.

Karthik Srinivasan, co-head, financial sector ratings, ICRA said RBI measures will encourage greater participation from issuers, investors and intermediaries while the permission to banks to raise masala bonds can develop the overseas market for rupee denominated bonds.

Many of the measures for the corporate bond market were built on recommendations in a report by the HR Khan committee released a week ago by the Securities and Exchange Board of India. These measures are intended to further market development, enhance participation, facilitate greater market liquidity and improve communication, the central bank said.

The RBI also decided to enhance the aggregate limit of partial credit enhancement provided by banks to corporate bonds to 50 per cent of the bond issue size from 20 per cent earlier, provided a single bank restricted its enhancement to 20 per cent of the issue size. It also proposed to permit brokers in corporate bond repos, authorise the platform for repo in corporate bonds, and encourage credit supply for large borrowers through the market mechanism. To further encourage the overseas rupee bond market, banks are being permitted to issue rupee bonds overseas (masala bonds) for their capital requirements and for financing infrastructure and affordable housing, the central bank said.

The bonds should be perpetual debt instruments used to shore up additional Tier 1 and Tier II capital of banks. Masala bonds to be issued for financing infrastructure and affordable housing can be of the nature of any long-term debt. The central bank said it had worked out a market making scheme in government securities by primary dealers (underwriters of government bonds) in consultation with the government which might help in increasing the liquidity of semi-liquid securities. The central bank will soon comprehensively review the framework for hedging of commodity price risks in the overseas markets by Indian companies.





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