Criteria For Securing Bank Loan

Before You Can Secure Bank Loan, You Must Meet The Following Criteria. Getting loan from the bank is not easy to get by especially for a new entrepreneur. Nevertheless, this is not to say that banks don’t give loan to young entrepreneurs. If you satisfy their conditions, they will definitely grant you loan for your business. Banks are willing to grant loan as long as they are sure of getting back their funds including the interest thereon because that is the only way they can remain in business too. Knowing what the banks are looking for before they can grant Continue ReadingCriteria For Securing Bank Loan

A Guide on How to Buy and Sell Online

A guide on how to buy and sell online. You must have read about how people buy and sell online to earn huge profits. In my previous article entitled “Making Money Buying and Selling Online”, I mentioned that a lot of people who can be erroneously considered as jobless, earn fantastic income even much more than some so called professionals. I threw some lights on what some of them do to make money on the internet. They simply buy products online and sell them at profits. Buying and selling online is very lucrative but you need to get it right. Continue ReadingA Guide on How to Buy and Sell Online

How to Raise Initial Investment Capital for Small Businesses

Sources of Initial Investment Capital. Raising initial investment capital for new businesses is challenging. But if you are creative enough, raising your investment capital will not be that difficult. Knowing how to secure initial investment capital is crucial to making your dreamed business a reality. Now how to conceive a good business idea is not a problem to you. It is even possible that you have prepared your business plan and everything is pointing to the direction of a good success. But it can be very frustrating when it comes to raising of the initial investment capital needed to kick Continue ReadingHow to Raise Initial Investment Capital for Small Businesses

Developing A Marketing Strategy For Small Business

If You Have A Marketing Strategy in Place, Selling Becomes An Easy Task. Having a marketing strategy will play a crucial role in the success of any product or service. No matter your innovation or the ingenuity of your offering, if customers do not get to know about it, there is no way it will sell.  “Doing business without advertising is like winking at a girl in the dark.  You know what you are doing, but nobody else does”, said Stuart Henderson Britt. Marketing is all about putting the right product in the right place, at the right price, at the right Continue ReadingDeveloping A Marketing Strategy For Small Business

Understanding Margin of Safety in Business Plan

Margin of Safety is a term every small business owner must learn and understand. Margin of safety(MOS) is the amount by which your budgeted or actual revenue has to drop before you reach your breakeven point. In the other word, it is the excess of budgeted or actual sales over the break even sales figure. To calculate Margin of Safety, you will subtract the breakeven sales from the actual sales or budgeted sales. It depends on the figure you are working with. Then you divide the result by the actual sales or budgeted sales.  That is: Margin of Safety  =  Continue ReadingUnderstanding Margin of Safety in Business Plan