strong business credit

THE SPIRIT OF EXPANSION

Ilya Bodner — Wed, 11 Nov 2009 09:16:33 -0500

What exactly is an entrepreneur and how does it relate to small business expansion? There are many differing views on what makes someone worthy of this title.

BILLABLE HOURS

Ilya Bodner — Tue, 27 Oct 2009 13:30:04 -0400

While the term “billable hours” is most commonly associated with law professions, this concept should be used by all business owners. It’s important to set the minimal hourly rate you want to earn as a bottom line.

WORKING SMART VS. WORKING HARD

Ilya Bodner — Mon, 28 Sep 2009 08:43:32 -0400

Many people associate working long hours with working hard. As a business owner, you might pat yourself on the back after a long, hard day at work.

PLANNING FOR THE SLOW TIMES

Ilya Bodner — Thu, 17 Sep 2009 14:26:55 -0400

It’s important to remember that all businesses have downtime.

PRUNING TIME

Ilya Bodner — Tue, 01 Sep 2009 12:07:41 -0400

Your small business is bound to yield fruit when you keep long-term goals in mind during daily operations. In this chapter, you will find tips that will help your company function with optimal impact and align the moment-to-moment operations with the overall vision and goals you’ve set forth in previous chapters.

STRATEGIC ALLIANCES

Ilya Bodner — Fri, 21 Aug 2009 11:09:48 -0400

BROKERS & DEALERS

Ilya Bodner — Wed, 12 Aug 2009 11:48:12 -0400

A broker is defined as anyone who makes securities transactions for others. (The exception to this is a bank.) A dealer is defined as someone who buys and sells securities for their own

SECURED CREDIT CARDS

Ilya Bodner — Mon, 10 Aug 2009 10:09:00 -0400

UNIFORM COMMERCIAL CODE

Ilya Bodner — Wed, 05 Aug 2009 09:59:57 -0400

ADVANTAGES OF LEASING EQUIPMENT, AUTOMOBILES & MACHINERY

Ilya Bodner — Wed, 29 Jul 2009 11:35:53 -0400

Leasing equipment can become very advantageous to a small business owner. The company which finances the equipment retains ownership, while the business owner has the right to use it in exchange for monthly payments.

FACTORING

Ilya Bodner — Fri, 24 Jul 2009 09:15:37 -0400

CREDIT CARD ADVANCE FINANCING

Ilya Bodner — Tue, 21 Jul 2009 08:57:36 -0400

For many businesses owners, borrowing money during tough times can be difficult. There is a new alternative to conventional lending practices that is becoming extremely popular.

CANADIAN ALTERNATIVE FINANCING

Ilya Bodner — Thu, 16 Jul 2009 09:43:39 -0400

REAL ESTATE BACKED FINANCING

Ilya Bodner — Mon, 13 Jul 2009 11:20:18 -0400

Many private investors or alternative lenders will issue financing without any security or collateral, justified through risk mitigation of higher interest rates. However, collateral is not ruled out altogether in alternative financing. On the contrary, many alternative financing options include collateral to strengthen the deal and increase the loan amount. Real estate backed loans are among the greatest in volume and figures, having real estate to use as collateral has many advantages and its own set of limitations.

Seeing the Big Picture

Ilya Bodner — Mon, 06 Jul 2009 10:36:06 -0400

The Fourth of July weekend is a great time to kick back and look around at your family. This is the time of year that most of us stop and see the big picture….the reasons why we work so much; the reasons for putting up with the daily stresses; the reasons for 40-60 hours of labor. It is all part of a bigger picture……it is not the money that we get every other Friday!

Jeff Skoll: Doing Good Business

Ilya Bodner — Wed, 24 Jun 2009 13:34:07 -0400

NO GUARANTEES

Ilya Bodner — Tue, 09 Jun 2009 08:39:32 -0400

No Guarantees is one of the cornerstones of Free Market Economics. There are no guarantees. Business success happens through methodical, daily efforts. Healthy competition in all sectors ensures that even the greatest company on earth can be quickly humbled by the next small, innovative enterprise to come along.

Social Entrepreneurship

Ilya Bodner — Tue, 02 Jun 2009 09:22:15 -0400

There is a movement across the globe today that says solutions to society's most pressing social issues cannot be left up to the government to determine.

ALTERNATIVE ENRICHMENT

Ilya Bodner — Mon, 01 Jun 2009 08:56:03 -0400

Alternative financing may be the perfect solution for companies looking for additional means of securing adequate business funding.

Diamonds Are A Cereal Marketer's Best Friend

Ilya Bodner — Mon, 18 May 2009 10:23:42 -0400

When C.W. Post started a small business in 1895 with his first batch of "Postum" (breakfast cereal) he probably did not foresee his company getting into the diamond business.

CREDIT BASED VS NON-CREDIT BASED FINANCING

Ilya Bodner — Tue, 12 May 2009 13:53:00 -0400

When it comes to non-credit based small business financing, the benefits are evident. There is a very good chance you will be able to take advantage of great interest rates as long as your established business credit is favorable. Non-credit based small business financing comes in many different forms and is an excellent way to begin building your relationships with vendors. Many vendors will extend credit without a credit check if you have your Tax-ID number and a few other solidifying factors.

UNDERSTANDING FINANCING

Ilya Bodner — Wed, 06 May 2009 14:48:34 -0400

New small business leaders and managers have to develop at least basic skills in financial management. Expecting others in the organization to manage small business finances is clearly asking for trouble.

Starbucks Used To Be A Small Business

Ilya Bodner — Tue, 28 Apr 2009 08:46:32 -0400

When our forefathers arrived on this continent they brought with them a vision of a new world with thriving commerce and raucous marketplaces.

DEBT-TO-INCOME RATIO

Ilya Bodner — Fri, 24 Apr 2009 10:28:57 -0400

A small business’s debt-to-income ratio (DIR) is most easily explained as the ratio of a borrower's total debt as a portion of their total gross income. This ratio, more commonly expressed as DIR or simply “debt ratio,” measures how much you can borrow based on your expenses in relation to your total monthly income. Lenders’ experience shows that you may borrow from 33% to 40% of your monthly income, on average. To find your small business’s DIR, simply divide the total of monthly debt payments to gross monthly income.

WIRE TRANSFER & WESTERN UNION FRAUD

Ilya Bodner — Mon, 20 Apr 2009 11:03:13 -0400

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 legitimate service that is almost entirely utilized by legitimate people and businesses. There is no way you can lose money through Western Union, so long as the person you are sending money to is a known, trusted individual.