Записи с меткой «finance»

How Factoring and Invoice Finance can help your Business

It goes by a few different names — invoice financing, accounts receivables financing, business factoring, or just factoring — but what factoring services do is provide a much-needed injection of cash for business owners in a financial pinch. While loans and lines of credit can be difficult for some businesses to obtain, invoice financing is an option available to just about any business that invoices their customers for goods or services provided.

While factors, or companies that provide factoring services, are far from charities, they do provide an affordable alternative to costly merchant cash advances, and still provide the same end-result services as credit card cash advances do — fast access to funding for your business.

Now, while invoice financing does provide quick access to money for your business, that is not the only benefit of using these funding services. Because of the way that invoice financing works, namely, that you essentially ‘sell’ your unpaid invoices to a factoring company, you can alleviate the headaches and employee payroll associated with collecting on, and managing, your unpaid invoices. In fact, some business owners prefer to outsource their accounts receivables management through factors. While factoring companies do charge a fee, or a discount rate, for each invoice that they process and collect on, at an average of 3%-5% per invoice, for some business owners, these small costs are well-worth the investment for accounting purposes alone.

Invoice financing is a good option for business owners who need cash quickly, and for those who want to outsource their invoice-collection tasks. While factoring certainly is not a no-cost business service, it is one of the most affordable options available to those who need access to business funding and do not have the option to take out a business loan or have established business credit.

Joint Venture Promotion Deal With Other Businesses!

Joint venture with other businesses that are already delivering solutions to your hot market and split the earnings with them. The more the product or service owner is trusted and considered to be an expert in his or her field, the more the Joint Venture will have the potential to be profitable. The key for you here is to create the type of Joint Venture that absolutely no one can say no to. For more detail go to: www.joint-venture-secret.com.A joint venture is an agreement in which two or more businesses work on a project for a set period of time.

Foreign investors other than NRIs were allowed to invest only in development of integrated townships and settlements either through a wholly owned subsidiary or through a joint venture company in India along with a local partner. Persuading them and to conclude recruiting them is the hardest part of your job and you have to make sure that your joint venture proposal is convincing and interesting. Finance Manager: An Equity Joint Venture is required to appoint one or more accountants to assist the General Manager with finances.
But to take advantage of a joint venture (JV) you need your own large list already or your very own product which you own outright. Joint Venture E-mail Promotions There are many vendors and retail golf shops you work with that own large golfer databases. Create joint venture partnerships, network online, and get articles in ezines. It is a joint economic venture of twenty one thousand financial institutions.
These industries need marketing like direct mail, letterbox flyers, newspaper/magazine inserts, websites (with much thought given to key word phrases), joint venture partners (or alliance partners). Phil when landing a super big joint venture. You could joint venture or cross promotion deal with other businesses. Show the site owner the benefits of doing a joint venture with you and don’t forget to give your partner a copy of your product, as well as special commission rate.
These involve partnerships, joint-ventures, venture loans or equity. You can even form a joint venture to work with someone. The most powerful secret to successful joint ventures is to realize that asking for a joint venture is very similar to for more help visit to: www.joint-venture-guide.com.  «making an offer to a prospect. This means that you’ll need to convince potential joint venture partners that a decision to partner with your business will be wise on their part.
Many of the new list-building communities are nothing more than old ‘safe list’ programs cloaked as Joint Venture communities. In an Equity Joint Venture, the parties are obligated to divide their respective contributions to the joint venture (whether in cash or in kind) into discrete ratios, which ratios must be strictly adhered to when apportioning profits both during the venture’s operation and after liquidation. Internal joint venture marketing- You probably offer complimentary products within your own business. Are you ready to start a joint venture?
Joint venture marketing is rising in popularity everyday, but it does take some skill, good planning and foresight to execute. You pay your joint venture partner a commission for each sale that is generated from the partnership. You can construct most joint venture deals with little or no money. When looking for joint venture partners, you need to be mindful of certain things.
You can make a joint venture (agree to work together), get more done, and in turn earn more money. ”Use this blueprint to create behaviors that lead to activities like more follow up purchases, higher contributions levels, increased qualified employment applications, new joint venture proposals or a big boost in capital contributions.

How Long Do Short Sales Take?

The truth about short sales is that while everyone wants it expedited, the process invariably stretches longer than expected. A short sale may take anywhere from three to six months and the closing of the property may take an additional 30 to 60 days. For buyers, a short sale definitely takes longer than buying a regular non short sale house. This is because the lender must first approve of selling the property at a price lesser than the balance debt amount on the property. Most buyers, however, prefer buying a short sale property because these can be obtained at less than their original market value. Banks often take as long as two months to six months to respond to an offer, whether positive or with a counteroffer.

Factors Determining the Pace of a Short Sale Process

Here are some factors that decide the length of a short sale process:

• Cooperation: Mutual cooperation among all including the seller, lender, buyer and the listing and selling agent is a must for hastening the short sale process.
• Responsiveness: A responsive lender will return calls promptly and conduct their work on time, leading to expediting of the process.
• Preliminary Work: Completion of preliminary work, such as conducting the exterior appraisal of the house and market evaluation by the lender can expedite a short sale. However, if the lender chooses to deprioritize a property or worse delays for unknown reasons chances are you could be waiting for many months for a response.
• Information Gathering: To ensure quick lender approval, homeowners must furnish requisite information and documents, such as bank statements, tax returns, hardship letter, financial statement and pay stubs. Sellers must also sign documents that allow the lender to coordinate with their listing agent or attorney to manage the entire process.
• Negotiation: The lender assigns the offer, along with the financial documents, to a negotiator based on his availability. A negotiator is assigned within 14 to 180 days, depending on the process and the lender. The negotiator then reviews the file, orders a broker’s price opinion and decides the acceptability of the offered price. If the price is considered too low, a counteroffer is made or it is rejected. If an agreement on price is reached, addendum and counters are signed and the buyer arranges for the finance and the deal is closed within 30-60 days.

To add to this load, sellers also have to sign documents to list their property. To get assistance on and to expedite the short sale process, contact the experts at www.floridashortsaleshelp.com. The company’s expert guidance and compassionate ways have successfully closed short sales throughout all of Florida.

How to Sell Fitness (a Guide for Personal Trainers)

If you’ve been a personal trainer for any length of time then you know that you need to know how to sell fitness if you really want to be successful as a personal trainer. In this report I’m going to uncover the truth about objections, what they really mean, and why some fitness professionals get them all the time.

I’ll get right to the point: 99 times out of 100 an objection is really an issue of value — or lack thereof.

The three most common objections you probably get are:

I need to think about it. I can’t afford it. I need to talk to my spouse.

In every single one of these instances your prospect is telling you that they don’t see value in what you are offering them.

This doesn’t mean that you’re not a great trainer. In fact, you may be the best fitness expert in the world, but you failed to show them value of your services as it pertain to them.

No matter what, you still need to know how to sell fitness.

See, unless you can translate your services into their wants (In other words: help them clearly understand it on their terms) they’ll never buy. Instead they’ll give you one objection after another.

When a prospect says that they need to «think about it» or » can’t afford it» what they are really saying is: «You haven’t shown me a good enough reason to exchange my money for your services. » They simply don’t see the value as it would relate to them.

There’s a big difference between a person’s ability to pay versus their desire to pay. Let me say that again in another way because it’s really important that you get it.

A prospect may have the finances and ability to afford your services. However, if they feel that you don’t have what they want then they will most likely not have the desire to pay you.

So how do you translate your services into value?

Find the prospect’s hot buttons, their emotional triggers, and their wants — that’s how to sell fitness.

Ask them why they are sitting with you today and not six months ago. Let them do the talking and encourage them to be more specific.

It’s like peeling an onion — the truth is under all of the layers and you have to peel away to get there. Ask enough questions and soon you’ll find their hot buttons. When you find those hot buttons then cater your presentation/consultation to them.

We all make our buying decision based on emotions, then we rationalize it with logic… but the decision to buy is all emotional.

Investing In Single Family Homes

When you are a new investor in the real estate industry you are not sure where to invest and what will bring in good fortunes. Real estate is not a highly liquid asset and you cannot trade it for immediate cash. However, there are ways that ensure that you can also make money by investing with a smaller amount.

It has been observed that a major part of the trading in real estate happens in the middle or lower range of real estate prices. Usually, this range covers single family homes, which is a good pick for new investors.

The popularity of single family homes among the investors is largely due to the steady market that exists for these homes. You simply need to purchase one that fits your budget, decide if you want to sell it or rent it out and fix it and spruce it up. The tax benefits of investing in single family homes are also factors that make it popular with the investors. The best part of it is the finance options available for such homes and the comparatively lower interest rates available on them. Single family homes also get some easy finance options. The interest rates are low and a higher loan to value ratio can also be obtained making it a good choice for the investors’ financing needs. Owner-occupied homes can be purchased at a very low down payment and in some cases there may be absolutely no down payment at all.

Renting out single family homes is simpler than other homes and they are very popular as starter homes with the upcoming couples and the new blue collared workforce. One may easily be able to invest in a few single family homes, renovate them and rent them out at a good rate prevalent in the neighborhood. However, sometimes the rents may not be able to match the mortgage payments unless a substantial amount of down payment has been made. The negative cash flow means an increased burden for the investor. But it is just a matter of breaking even which can happen in a few years’ time as the rents have been on the rise for some time now.

The depreciation that can be charged on such properties makes it a very good tax saving element. Depreciation can be considered as an expense that can help in reducing the taxable income related to the property. In spite of the low rentals and higher mortgage payment scenario, depreciation can be a great factor to reduce the tax liability to a certain extent. The appreciation in the value of the property can also make a significant impact on the profits on sale of such single family homes. Some investors are also able to overcome the negative cash flow situation by offering such homes on a sale-on-lease option basis. The lease payments may be considered as the down payment and a higher payment may also be charged for the same reason.

When buying a single family home the investors have to be careful about what is being bought. If they are unable to sell there single family home because of the substandard construction, building code violations, faulty floor plans and the deteriorating quality of the neighborhood then their investment is bound to fail. On the brighter side, there could be areas which have been affected by the economic recession. These can make for a good investment opportunity at a great bargain. They can bring in good returns if the investor is able to hold the property till the market situation improves. Overall, the single family homes are a good investment option for the investors.

Written by: VD

Date Written: 03 July 2008

Reviewer Assigned by: David

Reviewed by: HS

Quality Control: AG

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Quality Control Completed on: 07/07/2008