Vital Sources of Finance For Small Businesses

Sources of Finance Available to Small Businesses. There are various sources of finance available to small businesses in order to finance their operations in addition to the initial capital needed to kick start the small business. After business owners must have started their businesses, other sources of finance will start to emerge. These include the following: Overdraft Overdraft on the other hand is a short term credit facility which is meant to meet short term financing requirements. The bank allows you to draw above what you have in your current account. The interest is normally payable on the amount overdrawn. Overdraft can be used Continue ReadingVital Sources of Finance For Small Businesses

Good Business Ideas for Teens and College Students in 2017

Good business ideas suitable for teenagers. There are good business ideas teenagers can do as part time business or during their holidays. Even if you have all the money as parents to take care of your teens, it will be beneficial to them both now and in the future if they can be exposed to how they can identify good business ideas that can fetch them some bucks. Teenagers get exposed to diverse things during holidays. They can easily be influenced by their peers if they don’t have something productive they can do to keep them busy. An idle hand is a Continue ReadingGood Business Ideas for Teens and College Students in 2017

How to Start a Moving Company

Moving company business is an all-season business. Moving company business is one of the businesses that thrive in every economy. That is, there will be business opportunities for moving companies when the economy is booming. Also, moving business is not affected by recessionary economy. Why? During booming economy, citizens usually have sufficient disposable income. Some will build house and relocate. Tenants may decide to move to better environments. All these constitute business opportunities for moving companies. In the same vein, during recession, economy bites hard on people. You see people selling their houses. Some will not be able to meet up Continue ReadingHow to Start a Moving Company

How to Start a Rice Mill Business

Is rice mill a profitable business? If you are looking for profitable business to do, rice mill business can be a good option, all things being equal. How much profit in rice mill business? The profit you will make from rice mill business is relative. It depends on many factors such as the location of your rice mill, the available infrastructure, the size or operating capacity of the rice mill etc. What is the average cost of rice mill plant? The modern rice mill project cost is quite high. However, if you don’t have enough capital to start a modern Continue ReadingHow to Start a Rice Mill Business

How to start a retail business

Retail Business is one of the fastest growing business in the economy. In all the countries around the world, retail business plays vital roles in making products available to the consumers. Economists affirmed that the production is not complete until the goods get to the final consumers. In most cases, there are intermediaries between the manufacturers and the consumers. The intermediaries can be a combination of wholesalers and retailers. At times, it can be that the retailers buy directly from the manufacturers to sell to the consumers. It is not a surprise if a manufacturer serves more than fifty retailers. Continue ReadingHow to start a retail business