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Secured Business Loans – Allows Smooth Business Transactions

Secured business loans offer substantial financial help to all business entrepreneurs. So what if you have a small or a big business organization. Any one can apply for business loans and get finance irrespective of size, shape and type of business. With the adequate funds at your stretch you can run your business smoothly and help it to grow.

Secured business loans are offered against your asset. For entailing these loans you need to offer your valuable asset such as house, automobile and valuable documents as security. You can borrow a substantial loan amount that ranges from £50,000 to £1,000,000. The repayment term is longer and extends from 3-25 years. You can borrow an amount as per your business financial requirements and suiting your repaying ability.

Secured business loans are offered at both variable and fixed rates of interest. In case of variable rate of interest, the interest rate charged on the loan amount keeps on changing with market rates. On the contrary, the rate of interest remains constant throughout the entire repayment term in case of fixed interest. The presence of collateral allows you to entail funds at lower interest rates. So it is a great financial tool to opt for!

You can use the borrowed sum of money for meeting various business obligations. With the help of these loans you can:-

Consolidate debts

Pay wages and salaries

Buy raw material

Asset purchase

Business expansion

Having poor credit, then you are eligible for secured business loans. These are open for all. Those with bad credit such as arrears, defaults, late payments, CCJs, IVA and bankruptcy can get these loans. Now even bad creditors can meet up their business financial requirements easily.

Secured business loans can be applied through online and offline. Online you can access wide information and exempts you from visiting banks and other financial institutions. To apply you have to fill a simple application form. The online process is quick and hassle free way of attaining funds.

Through secured business loans you can keep your business cash flow intact. With these loans you can easily manage your business expenses.

Business Owners – Business Failure (or Success) During a Recession is Not Due to the Economy

Are you a business owner struggling with your business and blaming it on the economy? It’s not the fault of the economy.

Business success or failure is due to the owner’s decision making process, not the economy. Why?

As a business coach I get to see what’s happening in a lot of businesses, and I see that, frequently business owners, who have been making poor decisions during a good economy, just make worse decisions during a bad economy. In fact, the outcome, good or bad, just gets multiplied.

The belief that the economy will cause pain usually results in the fact that it does, not because of the economy but because of the decisions that were made because of the expectation that things are going to get tough. The already bad decision making, is just amplified by the owner himself as he “expects” worse things to happen.

Here are just a few of the poor decisions.

Most people believe that they have to live within a budget, and the way to do that is to cut costs to the bone.

Business decisions based on “cutting costs” usually cut critically needed things instead of looking on the RIGHT things to spend on that would increase the income and profits at this critical time.

For instance, I ask my coaching clients a series of questions that almost always get answered wrong.

What would you do the first time that your sales doesn’t pay your overhead expenses?

For a small business the usual way of dealing with this means that you “pay the overhead” and take the difference out of your pocket, or you just “don’t pay the overhead” and fear that the landlord will be knocking. The next steps that are usually taken are to reduce spending on things like marketing (while justifying that action with a statement, “it didn’t really work that well anyway.”)

However, the RIGHT answer was to identify what was the biggest return for which type of marketing, and how to increase the results of that marketing. Of course that question should have been asked before you were in this situation, but now that you are it MUST be answered NOW, and not where can you cut. Cutting typically takes out just a few dollars, while finding what marketing and other items to invest in usually can make 10′s, or 100′s of times increase. Get the point?

Actually, doing this before you are in this economy would have meant that you wouldn’t be struggling now, but, since you are, we stil must deal with it right now.

Always consider that your business is a MULTIPLIER and not an EXPENSE that needs to be fed.

I’m not saying that there aren’t businesses that are sponges, absorbing money out of your pocket, there are. But, as I’ve worked with lots of businesses, I usually see business owners with businesses that have a nice multiplying effect make the same false assumptions that they have to cut back and stop spending on the multipliers, causing a loss of 10 times what they saved.

Let’s take a look at a decision that most business owners make about the economy.

One of my clients is a small manufacturing company, does about $200K in sales a year, but rarely had a significant profit at the end of the year even in a good economy. But, as the economy started sliding they went from just barely able to pay the bills to not being able to pay the bills.

The next steps they took were to

  1. Reduce marketing efforts
  2. Lay off employees

The two worst WRONG things to do.

Frequently business owners make decisions based on THE BOTTOM line, not realizing where the multipliers are in the business. So instead of doing what would increase the income, they start cutting out things, thinking that they will remove enough to at least break even.

So, when the bottom line is zero or negative, they started looking for places to cut instead of places to increase the bottom line. When I started talking about profit margins and got blank stares I could tell they didn’t get it. After a little reviewing, we finally came to the conclusion that they made 60% on every dollar sold, which is a more than respectable profit margin. So they were baffled as to why they were losing money.

They sold $200K a year, and made $120K (60%) in profit. When we dug even deeper, it was obvious. They had an overhead of $120K, which ate up their whole yearly profit. Now when the economy started sliding their sales dropped below $200K to about $190K which wasn’t really that bad of a drop, but now there isn’t enough to pay the overhead.

So, their next decision was not only cutting out expenses, it was literally cutting the throat of he business.

I’ve discovered, with all of the businesses I’ve worked with, that this seems to be a normal thought process among most businesses. “Where do I cut?” is one of those “shoot yourself in the foot” decisions that is rampant among small business owners. It’s something we were taught to do as kids. Living within a budget meant that we had to stop spending, not finding ways to generate more.

As we went looked at this business, it was obvious that they made 20 times what they invested in marketing as sales. They are a very profitable business when you look at it this way. So, cutting $1 out of marketing would remove $20 from the bottom line. Not a good decision, but a very typical one.

Of course, another decision usually made shortly after this one is, “Who do we let go?” Just keep in mind that employees are the ones who deliver the product that’s sold for 20 times what you invest in marketing. Employees also have a multiplying effect on your business, or they should be anyway. So, cutting them could have a similar impact.

With a 20 times multiplier from marketing to sales, what do you THINK you should have done?

Increase marketing of course? Put money where your results are.

If you looked into who survived the Great Depression in the 30′s, who do you think survived? Those cutting back, or those spending more on marketing?

Of course, you MUST know what marketing is working and what the multipliers are so that you can invest in the right ones.

Creating a Profitable Internet Niche Business

Contrary to popular belief, many successful internet businesses have been started inexpensively and have become very lucrative businesses. You read everyday how so and so started an internet business from scratch with no money in his or her pocket and are now making thousands of dollars on the internet. It is possible.

What they do not tell you in the story it does take time and some money. The key to starting a successful and profitable internet business is finding a particular niche within a market that is willing to pay for products or services. How do you do that? With a little research, most people can find that market and create a niche business selling to their paying market.

Some people recommend keyword research to find a niche market. What is keyword research? Finding a keyword or keywords that people use to search for information on the internet. This is a good way to find a market but not the only way. Finding a niche market for a niche business requires a little more work than that.

Great ways to finding a niche is to check out forums, blogs, bookstores, eBay, and other websites that pertain to your business idea or ideas. This will give you an idea if your idea is popular enough to become a profitable business. Do not skimp on researching your market. This could be the make or break of your business. Failure to research your market could cost money and kill your internet business.

Researching your market should be your top priority prior to a business name or website design. Your target market will determine your website design and business name. They key to creating a profitable niche business is to target a segment of a broad market. It is not to compete against all the big players but to carve out a segment for your business with less competition. Your internet business cannot compete against the Wal-Mart’s all over the world but you can compete against the Wal-Mart’s in a targeted market if you have a product or service that has less competition with average to above average paying customers.

After you have completed your research for your business idea, then putting the other pieces into place will follow. The eBook Niche Business Secrets Revealed takes the new internet entrepreneur through the process of creating an internet niche business from start to finish and pieces in between. You will need to decide on a domain name, web hosting account, website design and more, which is all covered in this eBook. Most of the tools and resources needed a free and can be found by searching the internet or following the links to websites provided in this eBook.

In addition to finding, your niche and creating your internet business remember this is a business and there are legal issues you must follow so make sure you read a little on the legality of your business. There are copyright laws, trademark laws, plagiarism, and other items you must know about so you can create your business within the guidelines that are already established. Make sure you know the do’s and don’ts on the internet. This will ensure your business will be considered a reputable entity.

There is no such thing as “get rich quick” on the internet but there are such things as profitable, professional, reputable, and sustaining internet niche businesses. Maybe yours can be that one too with a little work.