Initial Underwriting Group

WIRE TRANSFER & WESTERN UNION FRAUD

BY Ilya BodnerMon Apr 20, 2009 at 11:03 AM

Founded in 1851 as a telegram company, Western Union is one of the oldest businesses in operation today, and one of the leaders in person-to-person money transfers. Western Union is a legitimate company, with a ...READ»

ILYA BODNER | Comment

PERSONAL VS. BUSINESS CREDIT

BY Ilya BodnerThu Apr 16, 2009 at 10:42 AM

Just like you a company has a credit score. Your score is your personal credit score why the company acquires a business credit score. There is no need to intermingle the two, and with proper development a ...READ»

ILYA BODNER | Comment

NO LOANS WHEN YOU NEED THEM

BY Ilya BodnerMon Apr 13, 2009 at 8:28 AM

Have you heard the saying "A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain?” Consider the ideal scenario for ...READ»

ILYA BODNER | Comment

THE SMALL BUSINESS ADMINISTRATION

BY Ilya BodnerWed Apr 8, 2009 at 10:37 AM

The Small Business Administration (SBA) is an independent agency of the federal government designed to counsel, assist and protect the interests of small businesses. They offer a wide range of services, from ...READ»

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START NOW

BY Ilya BodnerThu Apr 2, 2009 at 8:56 AM

Don’t wait around. Start now. Lack of inertia is the #1 killer of great ideas. According to a survey performed by Yahoo! Small Business, 66% of Americans over the age of 18 have considered starting a ...READ»

ILYA BODNER | Comment

AVOIDING LOAN SCAMS

BY Ilya BodnerTue Mar 31, 2009 at 9:10 AM

There are a handful of companies across the U.S. and in Canada that advertise to offer a business credit building package or are “verified lenders.” Some are legitimate. Some are not. In part, the internet has created a breeding ...READ»

ILYA BODNER | Comment

Shelf Corporations – What are they and how do they benefit?

BY Ilya BodnerMon Mar 23, 2009 at 11:44 AM

Common Names for Shelf Corporations: -Aged Companies -Shell Corps Definitions: Shelf Corporation – literally a company (LLC, Inc, partnership) that was filed with the state a long time ago and sat on ...READ»

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The Test of a Small Business Startup

BY Ilya BodnerThu Mar 19, 2009 at 4:16 PM

The first couple years of a startup business is when you will be tested the most. You spent months pulling all the pieces together and finally got your door open. You popped the champagne cork when you made your first sale and now you're down the road a few miles getting slammed with all the little surprises you had not considered when you first put your plan together.READ»

ILYA BODNER | 2 comments

HSBC Lending Update

BY Ilya BodnerTue Mar 10, 2009 at 9:29 AM

Every time we turn on the TV, all we see are gloomy things about our economy. Debt is out of control and no one is paying it back!READ»

ILYA BODNER | Comment

Do-It-Yourself Small Business Loans

BY Ilya BodnerFri Mar 6, 2009 at 2:51 PM

There is a tendency for people to think when bad news about the economy strikes the worst thing they could do is attempt to start a small business. This could not be farther from the truth. There is no such thing as a bad time to start a business, provided you go about it the right way. Check the news again. READ»

ILYA BODNER | Comment

THE RISK OF ALTERNATIVE FINANCING

BY Ilya BodnerWed Mar 4, 2009 at 2:03 PM

To anyone who has been denied a bank loan for a small business, it may seem that the proverbial door of opportunity has closed. Many choose to continue looking for a solution. For most that are determined to start a small business, alternative business financing can be a feasible solution. READ»

ILYA BODNER | 1 comment

Metal Suitcase with Lots of Cash

BY Ilya BodnerWed Feb 25, 2009 at 3:43 PM

Oddly enough when I talk to small business owners they all expect the bailout to be in a form of a metal suitcase full of cash dropped on their doorstep. READ»

ILYA BODNER | 1 comment

Start Now

BY Ilya BodnerMon Feb 23, 2009 at 12:49 PM

Don't wait around. Start now. Lack of inertia is the #1 killer of great ideas. According to a survey performed by Yahoo! Small Business, 66% of Americans over the age of 18 have considered starting a business, but many never take the leap.READ»

ILYA BODNER | 3 comments

Wealthy Business Owners Use OPM

BY Ilya BodnerThu Feb 19, 2009 at 2:54 PM

Statistics show that the majority of affluent business owners and successful entrepreneurs in the U.S. started out by using other people's money, generally in the form of a business loan. Despite the economic news there are prolific numbers of private lenders and venture capitalists that will lend you money for business.READ»

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Sex, Drugs, and Alcohol

BY Ilya BodnerWed Feb 18, 2009 at 2:23 PM

Think about it….Dating websites are packed. Professional matchmakers are showing profits greater than landowners. Michael Phelps is getting more publicity with paraphernalia around his neck than 8 gold metals. Local corner liquor stores are packed every night. The economy may be struggling, but these industries continue to flourish.READ»

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Taxes and Business Credit

BY Ilya BodnerFri Feb 13, 2009 at 10:01 AM

Posted February 3rd, 2009 by admin There are 4 general types of small business taxes: income tax, self-employment tax, employment taxes and excise tax. All small businesses are required to file annual income tax returns, with the exception of partnerships, which file an information return.READ»

ILYA BODNER | Comment

Magic Johnson: Superstar in the Business Arena

BY Ilya BodnerWed Feb 11, 2009 at 10:19 AM

What does a former L.A. Lakers point guard and five-time NBA champ do when he retires from pro sports? Why he gets an office with an assistant and a $700 portfolio of companies of course!READ»

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IRS Tax Information for Business Vehicles

BY Ilya BodnerFri Feb 6, 2009 at 11:09 AM

The Internal Revenue Service (IRS) offers a section on its website (http://www.irs.gov/) for business with valuable information on how to prepare for and file business taxes. The website provides articles on the latest updates in the tax laws that can make a difference in what you can claim as a business deduction.READ»

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Thousands are getting fired; What are people doing in tough times?

BY Ilya BodnerThu Feb 5, 2009 at 3:04 PM

The nation is being hit with unemployment. We all know someone who has been affected. What are those people doing about it? What is everyone really searching for right now? According to Alexa.com, the leader in online ...READ»

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Turning An Idea Into Profit: Sergey Brin

BY Ilya BodnerThu Jan 29, 2009 at 11:13 AM

"As we go forward, I hope we're going to continue to use technology to make really big differences in how people live and work." - Sergey Brin, Google Co-founder How many business owners know that Sergey Brin, and his cohort, Larry ...READ»

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Financial Leadership and Collective Thinking

BY Ilya BodnerWed Jan 21, 2009 at 4:04 PM

As a business owner how many times have you experienced an increase in company profit followed by a sudden request for additional expenditures from one or more of your organizational divisions? The underlying reason for this is the people that staff your company will always tend toward spending every dollar that comes through the door. You may even have this tendency yourself. This is the biggest reason why small business owners are in need of financing at this time. It’s time to save America!READ»

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California, Small Business Financing, Bailout, City, Auto Industry and more

BY Ilya BodnerWed Dec 17, 2008 at 3:08 PM

Everywhere you look people are talking about layoffs, bailouts, and the horrible economy that we are in. Is this going to stop?READ»

ILYA BODNER | Comment

Winning the Ohio Lottery or Obtaining a Business Loan, What is harder?

BY Ilya BodnerWed Dec 10, 2008 at 1:07 PM

Just last month the hottest search was Britney Spears, or some sort of a football game. It is evident that the mega millions are more important during the holiday season. What about our small business owners? Where do they turn to get financing for their business?READ»

ILYA BODNER | Comment

Strike While the Iron is Hot; Using the Recession to Your Advantage

BY Ilya BodnerWed Dec 3, 2008 at 1:20 PM

These last few weeks of our economic downturn got everyone wound up. From business owners to CEO’s and back to the consumers – everyone is in a panic about the recession and the bailout plans. But what is a recession, really? How are the bailouts impacting your life?READ»

ILYA BODNER | Comment

Get your finances in order for 2009

BY Ilya BodnerWed Nov 26, 2008 at 9:14 AM

Over the past 30 days our economy went on a series of “oohs” and “awhhs”. The media is to blame for this massive panic. Everyone is encouraged to turn off the TV and focus on their small business finances for the next quarter – Q1 of 2009 is rapidly approaching, are you going to have the finances to get into the groove?READ»