Everything You Wanted to Know about Peer to Peer Currency Exchange

May 30, 2015

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For many people currency exchange is like dark matter. They do not understand how it works and some don’t even to know where to go to exchange currency. They simply do not have frequent need for it. Majority of the people end up exchanging their currency at the airport when they land in the foreign country. While this is very convenient they end up paying high commission fee for it. Recently a new trend has emerged that bypasses these middlemen. It is called peer to peer exchange and it is not only convenient, but also saves you significant money in fees. So what is peer to peer currency exchange and how does it work?

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A Potential Game Changer for Investors and Businesses: Securities Crowdfunding

May 27, 2015

Crowdfunding
Crowdfunding platforms such as gofundme and Kickstarter have made headway as vehicles allowing millions of people to realize their financial goals. Whether it’s paying for the surgery of a beloved pet, or raising capital to make the movie of your dreams, these instruments of fundraising have revolutionized the moneymaking process. It was only a matter of time before this type of platform was utilized for start-up businesses to connect with investors. But what is crowdfunding and who is it for? Here is a concise guide to help you understand this newest phenomenon.

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Disadvantages of Getting a Business Loan from Bank

May 4, 2015

Bank loan
For many business owners today, getting a loan is critical part of their business plan. Business loans are often seen as necessary evil, especially if you are just starting out or if you would like to make more investments in the company.

Even if you do have access to financial resources of your own, whether these come from a part of your existing income, from investors, or even from family or friends, you may still need to get a business loan in the future. But if you are thinking of acquiring a loan, especially from a bank, you need to keep in mind some pitfalls that come with it. Here is a lowdown on bank loan you should know before you fill up that loan application.

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Financing Solutions to Keep Your Small Business Afloat

April 25, 2015

Business Financing
The business world is tough, especially for start-ups and small to medium sized companies. It doesn’t take long to find yourself short on finances and your bank account on a slippery slope going from black to red. In some cases, all it takes is a late payment from a big customer that halts your cash flow, the loss of an important customer, or an unexpected bill you have to pay right away.

These problems don’t always have to mark the end of your business, but they often make it imperative to find a viable borrowing solution. There are many different options to choose from, and finding the right one for you can be daunting. It involves lot of research, and hours spent weighing the pros and cons and trying to balance your books.

If you’re struggling to know where to turn, here are a few options that you might want to consider:

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Tips for Choosing the Best Car Loan

April 17, 2015

Car Loan
Car loan is one of the biggest debt people will take after house mortgage. While some people can afford to buy a car with outright cash, majority of buyers need to borrow from banks or other lenders. There are many car loans in the market to choose from, and they’re offered by a number of different lenders, from banks to building societies, large supermarkets, car dealerships and independent providers like Nemo Personal Finance. Remember a Nemo loan is secured against your home so you must ensure you can afford repayments.

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3 Tax Deductions Small Businesses Commonly Forget to Take

April 15, 2015

Home Office
The saying goes there are only two things certain in life – death and taxes. It is difficult to find anyone who likes thinking about either. While you cannot do anything about death, you can certainly find ways to, at least, lower the taxes you need to pay to the government. As a small business owner you have number of things to worry about and keeping track of all the possible tax deductions you can take should not be one of them. This is what you hire accountants and financial planners for. However, it is your responsibility to understand what taxes your small business can claim so that you can plan your expenses accordingly. Below we discuss three tax deductions many small business owners usually forget to pay attention to. Study them to ensure you don’t overpay your taxes.

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A Simple 2-Step Approach to Ensure Financially Secure Retirement

April 2, 2015

Retirement
Nearly half of all American workers don’t contribute to their 401(k) contributions, which would then be matched by their employer dollar for dollar. This is leaving a lot of money on the table. It’s a sad situation because people who work hard to earn their leaving deserve to have a nice retirement. Think about it! How hard do you work everyday, spend long hours at job at the expense of family, and ensure you have good life now and in the future. But if you don’t start saving early and continue to do so through your earning years you might miss out on the opportunity to have financially secure retirement. So how can you make people remember to save for retirement?

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4 Fundamental Strategies to Maintain Healthy Cash Flow for Subcontractors

March 18, 2015

Subcontractor
As a subcontractor, you have a challenging job that requires great deal of patience, leadership, and planning for unexpected events that happen almost every day. Maintaining a healthy cash flow and keeping enough cash on hand to pay vendors and employees is one of the most important items subcontractors need to focus on. With some common sense, good strategies in place, and attention to details you can begin to improve your cash flow cycle and maintain better control of your budget. Let’s take a look at some points you need to consider before you take the next job for your contractor.

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How can Small Business Owners Save Business Drowning in Debt

March 15, 2015

Debt
Companies don’t just go under because of poor management or difficult economy. They also fail for many other reasons such as accepting more orders than they can service, and running out of cash as they try to keep up. Unfair laws are another possibility. For instance, in Britain, utilities have the legal right to underestimate the energy consumption of their small business customers for years, and then back bill them for thousands. Since British businesses are often maximally credit-leveraged, they quickly founder in debt when they are subjected to business shocks of this kind. How do you handle such a situation?

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Calculator: What is the Monthly Payment on an SBA Loan?

February 23, 2015

Business Loan
Small Business Administration loans are essentially bank loans that are backed by the SBA, allowing businesses to get longer loan terms and lower interest rates than a traditional bank loan. The SBA 7a loan is the most popular of these loans, making it the most applicable loan to small businesses. This calculator will not reflect accurate interest rates or monthly payments for other types SBA loans besides the 7a loan.

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