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Category Archive : Business

Brilliant dissection of Karl Marx’s anti-capitalist argument

Why was Marx wrong by Lawrence Eubank is a scholarly and scholarly examination and refutation of Karl Marx’s book, who was highly critical of capitalism, Capital: A Critique of Political Economy. The 500 pages of Eubank’s book are intended to serve as a convincing argument pointing out the inaccuracies in Marx’s reasoning and his central charge that capitalism serves to enrich capitalists by “exploiting workers, by extracting money. unpaid ‘surplus value’ from them. “That’s exactly what Why Marx Was Wrong does, thoroughly disproving Marx’s central argument.

To fully refute Karl Marx’s argument and point out the philosophical rottenness inherent in it, Lawrence Eubank takes a look at many of Marx’s statements in his own work and explains why each of them is wrong. To help support his point-by-point refutation of Marx, Eubank quotes other authors who have a similar pro-capitalist perspective.

Eubank begins why Marx was wrong by pondering why millions of people around the world still believe that Marx’s central argument is valid, even after, as Eubank puts it, “the total collapse of communism.” He adds that Marx’s central argument against capitalism is still widely believed, “even in countries that were never subject to communist rule.”

Lawrence Eubank cleverly breaks down Karl Marx’s central argument in Why Marx was wrong, beginning by noting that even in the first sentence of Marx’s book, he relies on “unspoken assumptions” to make his case against capitalism. In other words, you make certain assumptions even in the first sentence of your book and expect your readers to blindly accept them as established facts, without backing them up to add credibility to your argument.

The first sentence of Karl Marx’s book Capital: A Critique of Political Economy it deals with the assumption that “The wealth of those societies in which the capitalist mode of production prevails, is presented as ‘an immense accumulation of commodities’, its unity being a single commodity.” Marx, taking that assumption as an accurate statement of fact, then writes that “Our investigation must therefore begin with the analysis of a commodity.”

Both Karl Marx and Lawrence Eubank write about economic systems that have been tried, tested, and have supporters and detractors who often support or oppose one or the other point of view without really knowing the basic principles and arguments that have been made for and against. against capitalism and communism. That could be due, at least in part, to the rather dry nature of the economy, in general, although it is an extremely interesting topic for people who want to know more about the various economic policies followed by countries around the world and why certain countries. seem to be more financially successful than others.

One of the most entertaining comparisons Lawrence Eubanks makes is between Marx’s reasoning and Adam Smith’s. The author considers Marx’s theory of work to be typical of “paranoid conspiracy theories”, while Smith’s theory, which he writes is more of a “work, income, and profit” theory, is based on observation of facts. Eubank calls Smith “a scientist or fact-finder” and Marx “a medieval scholastic.”

In Why Marx Was Wrong, author Lawrence Eubank takes various assumptions that Marx has made and criticizes them, point by point. Through this way of critiquing Marx’s central argument, he probably makes the subject as entertaining as possible, although reading 500 pages of a refutation of Marx’s argument requires a commitment to wanting to know the exact details of why Marx’s reasoning. Marx is flawed. For anyone who has ever been interested in economic theories and / or wondered why Marx’s central argument against capitalism has continued to persist, Why was Marx wrong is a must read.

Easiest Business Loan To Get: What Factors Are Important When Looking For A Financing Solution?

Every type of business requires some type of loan or line of credit for a wide range of reasons: start-up capital, equipment, inventory, office rental, etc. Since every business and every owner is different and has unique circumstances, the easiest business loan for another owner to obtain may not be the easiest for you.

For startups or businesses that have no or poor credit history, traditional bank loans are likely to be difficult to obtain. Also, with a low credit score, your interest rate will be high, even if you are approved for a loan.

Lenders will generally look at more than your credit history. Other factors include your time in business, industry, your personal credit score, whether you have had recent bankruptcies or defaults, balance sheet, business licenses and permits, tax returns, loan purpose, proof of collateral, and various other reasons.

If you think your financial situation is likely to improve, you will need to provide supporting documentation. Always have your financial documents and files ready and organized anyway, so you can complete the application process as smoothly as possible.

Are SBA loans the easiest business loan to get?

Many people do not consider SBA loans and long-term loans to be the easiest business loans to obtain, as the application process is very long and complex. Only consider SBA loans and traditional long-term business loans if your credit score is high and you have all of your financial statements prepared and ready to go. However, the application process can still take some time, so you will have to wait until it is approved.

If you need cash as quickly as possible, there are options like merchant cash advances. This type of offer will help you access capital. You will receive a lump sum of cash, but you are expected to forfeit a portion of future sales. You will be responsible for repaying the loan and fees. While there is no set fee, $ 15 for every $ 100 borrowed seems to be a fairly typical amount for many cash advance merchants.

Invoice financing and equipment financing are quite similar with their requirements. With the first, you will need to display details of your unpaid bills, as well as bank statements and other financial information. With the latter, you will need to explain the type of asset (s) your business needs to purchase and provide an equipment quote, business tax returns, bank statements, etc.

There are many other options for businesses of all sizes thanks to the Internet. Online lenders are popping up all the time, although it’s best to stick with one that’s been around for at least a decade. Start your search with US Business Funding, a BBB accredited company. They will help you find the easiest business loan for your needs.

Make money on YouTube

YouTube has made video publishing a great way to earn money and also promote your business or service globally. It has gained significant popularity as high-quality video recording has become less expensive. All you need these days is a decent standalone camera or a good smartphone and you can create some images to compete with big-budget videos. It’s all about creativity and a good angle to generate a response from potential viewers.Startup

Before you start imagining yourself as the next Danny Boyle, you better find out what kind of video you want. Are you looking to earn direct money or are you looking to use your video to promote engagement? Sometimes it is common to do this for both reasons. What and why you film and post on YouTube determines the type of content in your uploads. In view of the direct or indirect income from your video, it is clear that the measure of success is the number of views and shares that your video can garner. So what goes viral? We can never really predict what it will do, but based on past trends we can make some educated guesses. Even if your video doesn’t become a worldwide hit, you can still cash in on your camcorder income and a little extra cash for your troubles.


Depending on the goal of the video, you can generate interest by presenting facts in an authoritative way to keep the viewer informed or curious, and add external clips that relate to your topic when appropriate. If you go for a casual and light-hearted approach, keeping your video entertaining and fun, while remaining related to your business area, is key to your success. Use informative or “how-to” tutorials presented with a wry attitude to increase your audience figures. Humor is always a good angle. There are quite a few free video editing tools that could make good graphics for your clip, the text sliders and built-in audio are easier to create and add than you might think. A video review works well for direct sales or promotion if it is well structured. Short, sharp and fast is the way to go. Remember, online viewers have a very short attention span. You have the first 8 seconds to keep the viewer in your space. Start off with a bang and stay interested by editing any irrelevant parts.

Sell! Sell! Sell!

If you sell a product or service, it is worth getting customer testimonials that can be embedded on your website. It goes beyond text testimonials, as anyone can make a fictitious one in seconds. This will not only improve your representation on YouTube, but it will also be useful material that can be edited at your other company – a video ad!

If you’re introducing a new product or service, you can record an instructional video to go along with it, giving both your business and your new device a boost. Editors and authors do it all the time. Provide useful information on the topic your product relates to. Tell your viewers things they don’t know and then introduce your product without too much effort.

The razor club dollar clip is still trending as the benchmark of all YouTube commerce-focused videos. A total cost of $ 3,000 and some unemployed staff members helped Michael Dubin garner more than 5 million views and a massive $ 1.00 razor bar sales volume. It’s an example of what your imagination can do to get your message across. It garnered a huge fan base, but also gaining a 3% conversion from global sales is nothing short of genius. See the success of Dollar Shave Club.

As a good starting point, make a fun business video that shows your company culture or a typical customer scenario. Showing images of your busy work environment, fulfilling orders, or demonstrating the benefits of your business would take entertainment or impact to transform a viewer into a 10 or 20. A good video is only great for a single viewer to respond or engage. But to go viral it has to be funny, controversial, or very informative. A video that your viewers share on social media is what you want. That is the true meaning of a viral attack transmitted by those who are exposed to it. We advise that controversial traffic be left to marketers or those who are just looking for a crowd of viewers and nothing else. It can produce risky results.

For those of you new to posting to YouTube, it’s probably best to be yourself. Make sure to present your unique sales pitch. As tempting as it is to hire a glamorous blonde as a spokesperson, this tactic is often successful in turning people off, so put real people in front of the camera and let your clients see that you can be trusted. Successful videos that have worked like a dream for creators are often makeup artists, business trainers, quirky retailers, and entertaining web companies. Music has also enjoyed a commercial exposure on YouTube, and we are not talking about a great artist or record label. Dub FX was a dub player practicing for a few pounds in Camden and other similar European streets. Footage of her performance on YouTube reached a huge number of views, and now let’s say she was baptized at Glastonbury.

Click and buy

New media technology is not sitting idle, especially when it comes to finding ways to create direct sales as you interact with the media. Some started the idea with product placement while watching a clip on YouTube. You can now click on a highlighted item in the videos and purchase the item through the click link. The setup is much cheaper than when the technology was in beta a few years ago. You can get the show to run on your £ 20 YouTube video for a monthly package. A good way to more or less set up a YouTube store is to have a scrollable catalog with audio commentary and some interesting images to keep the viewer interested. Your content should grab the viewer’s attention and keep it there. If it’s all about fashion, talk about trends, tips, and styles, include weird celebrity pictures, and then show off your items. The same goes for services. You may have scrolling text that is clickable as you present your unique service. Order now, reserve your spot, and other call-to-action phrases can get you some direct income.

Ranking and AdSense

YouTube is a lot of vitamins for health from Google. Search engines and web rankings for your web presence can do wonders for surfers’ engagement and commerce. Once you’ve uploaded your video, be sure to enter a title, description, and tags. Once you’ve managed your keywords and set up sentences with supporting descriptions, you’re on your way to getting a little traffic boost courtesy of Google. Your video should have a few hundred views if you take advantage of strategic links and spread the word on your social network or from your website. Your video should start showing up on Google, based on the back of your key sentences. Website clicks enjoy a healthy percentage of searches for videos commonly connected to YouTube. Therefore, the ranking of the page with the help of your video on YouTube is worthy of great consideration. Do your homework with how AdSense works and the income from here can be realistic and consistent. YouTube makes payments to a Google AdSense account, and once you are fully enrolled in the program, you can also turn on Google Ads next to or above your videos. This can generate additional income through pay per click and affiliate earnings, and all you have to do is keep your video content up to date and enjoy the earnings. Besides direct payment, there are other ways you can build your YouTube reputation to develop other sources of income. You may be selling some products on eBay or need to attract more visitors to your income generating blog; it makes sense to include a link to your site. You can interact with other companies in your industry and offer to endorse their products in your videos, for a commission of 5-10% on top of what YouTube pays you, or simply participate in an affiliate association. Do this without the broker affiliate companies and your commission is yours alone.

The partner program

The Partner Program is where your videos really start to work for you. Once you become a member, you can expect to earn around $ 2.50- $ 5 (£ 1.56- £ 3.13) for every 1,000 views of your video, and while this doesn’t sound like much at the moment, if you manage to create the next viral sensation that attracts millions of views, you can expect to earn quite a bit of dotcom for your hard work. Consider making money selling scrolling text embedded in your video. A certain number of viewers is all the proof necessary to have a platform for a related business to take an interest. Product placement and as part of the content is an effective means of promoting the business of a paid advertiser, large or small.

Fan coin

Make your uploads unique and positively different and you are sure to gain a dedicated fan following. Video marketing is not a get-rich-quick scheme and, to some extent, it can be unpredictable; patience and careful planning should help. It can be a lot of fun to make the videos, and once they start to earn for you, they will likely continue to do so month after month. Feed your fans, present videos of others that have some kind of connection with yours. By the time you’ve created a library of 15 or more videos, you should be getting a good number of views per video. Once all of your videos reach a minimum of 1,000 views each, YouTube will surely contact you to ask if you want to apply to become a partner.

Posting videos on YouTube is a very public thing. Therefore, you need to be clear about the permission and terms to post a video. Play it safe and make sure you have permission where appropriate so you don’t find that your good work is not an exercise in vain. The images of situations in which you witness with your video are exempt in some cases, so it is a good idea to know what the parameters are for this. Make sure your video is not infringing on someone else’s copyright. Take a few minutes and read the YouTube guidelines. They are also there to protect their own good work from others; you should also know when your copyright interests have been infringed. Check out YouTube’s copyright tips and guide.. Earning money through YouTube has more options than we are used to. It’s up to you to gather catchy material and manipulate the revenue once the audience figures start to rise. It’s an open playground, let’s start filming.

IFRS versus GAAP

There are two sets of accounting rules accepted for international use: the US standards called Generally Accepted Accounting Principles (GAAP) and the international standards known as International Financial Reporting Standards (IFRS). The first is developed by the Financial Accounting Standards Board (FASB), whose power is derived from the United States Securities and Exchange Commission (SEC). The second is developed by the International Accounting Standards Boards (IASB), an independent accounting standard-setting body based in London. Although GAAP and IFRS share some similarities in the presentation of their financial statements, they do not coincide in all respects. There are differences in the reporting and classification of items on the income statements and balance sheets between these two sets of rules.

Unlike the more detailed GAAP rules-based standard, the IFRS-based one tends to be simpler in its accounting and disclosure requirements. The income statement is a required statement under IFRS, as it is under GAAP and is known as the “statement of comprehensive income”. The statement of comprehensive income of IFRS is similar to that used by GAAP; however, there are few differences when comparing these two income statements.

The presentation of the income statement under GAAP follows a one-step or multi-step format. However, IFRS does not mention a one-step or multi-step approach. Under IFRS, entities are required to classify expenses either by their nature (such as the cost of material used, direct labor incurred, advertising expenses, depreciation expense, and employee benefits) or their function (such as cost of goods sold, selling expenses, and administrative expenses). Although GAAP does not have that requirement, the SEC requires a functional presentation. While GAAP defines operating income, IFRS does not recognize this key measure. Additionally, extraordinary items are prohibited under IFRS; whereas, according to GAAP, entities must report extraordinary items if they are of an unusual nature and their occurrence is rare. The portion of profit or loss attributable to the non-controlling interest (or minority interest) is disclosed separately in the IFRS statement of comprehensive income. In addition, while IFRS identifies certain minimum elements that must be presented in the statement of comprehensive income, GAAP does not have minimum information requirements. However, the SEC imposes strict filing requirements.

Presentation of the balance sheet is a requirement under both GAAP and IFRS. The most visible difference is how IFRS refers to this statement as the “Statement of financial position” rather than the Balance Sheet. The accounts in the statement of financial position are classified according to IFRS, which means that similar items are grouped together to arrive at meaningful subtotals. In addition, the IASB indicates that the parts and subsections of the financial statements are more informative than the whole; as a result, the IASB does not encourage the reporting of summary accounts by themselves (eg, total assets, total liabilities, etc.). Unlike GAAP, IFRS current assets are generally listed in the reverse order of liquidity. For example, under IFRS, cash is last. In addition, most companies under IFRS present current and non-current liabilities as separate classifications on the face of their statements of financial position, except in industries where the presentation of liquidity provides more useful information. It is crucial to note some important differences in the reporting elements on the balance sheet between GAAP and IFRS.

In the current assets section, inventory is valued differently under IFRS. The use of last in, first out (LIFO) is prohibited under IFRS. Also, unlike GAAP, if inventory is written off based on a lower cost or market valuation, it can be reversed at a later period up to the amount of the earlier depreciation under IFRS. In addition, IFRS allows the revaluation of property, plant and equipment and intangible assets and reports them as other comprehensive income.

IFRS uses different terminology in the equity section of its statement of financial position. For example, share capital is the par value of the issued shares. It includes ordinary shares (called ordinary shares) and preferred shares (called preferred shares). The issue premium according to the equity section of IFRS is the excess of the amounts paid over the nominal value.

A major problem caused by the disparity that is related to the presentation of GAAP and IFRS financial statements is the lack of uniformity. This problem creates difficulty in comparing financial statements between GAAP and IFRS. As a result, it is rational for US companies that have subsidiaries abroad to convert to IFRS to make it easier for interested parties to make comparisons and to allow them to access global capital markets. However, the switch to IFRS may not be beneficial to small US companies; the conversion will result in incremental costs that could outweigh the benefits.

How to start a business with a shoelace

As a small business developer, I have many potential clients who will say real things: “If I could get a million dollars, I think I could make my business succeed.” Unfortunately, this is as far from the truth as a new business owner can start.

Yes, capital is needed to start a business and lack of capital is the number one reason new businesses fail. On the other hand, there are many well-known companies that started with a shoelace. You don’t need a million dollars to start a successful business.

One of the biggest expenses that new business owners put into their budget is their salary. It seems like everyone wants to start their own business so they can earn a six-figure income. Again, this is backward thinking. The salary amount is the direct result of a company’s sales success and not the result of an item on a budget spreadsheet.

Another common cost problem is that the new business owner wants to purchase a building for their business. Buying a building for a very new business is a high-risk strategy. Even signing a lease can be financially stressful for many startups. A commercial lease is often for three years, regardless of how much income the business generates.

A third common problem is that many new business owners want to buy all new equipment and furniture. Most communities will have a center that sells used furniture and business equipment, including computers, printers, and desks. Plus, there are all those other near-new businesses that spent way beyond their means. Now they are going bankrupt and have some furniture and office equipment to get rid of at a reduced price.

The last topic to discuss in this article is inventory. Having a large amount of inventory in a warehouse or storage room can drain a new business of valuable capital that could be used for other business expenses. Unless inventory is flowing apace, the company’s assets will be held hostage.

Entrepreneurs must consider the total cost of operating their business. The expenses go far beyond the cost of purchasing the product, supplies, and labor to deliver them. The cost of goods and services must cover all of these other operating costs. The more these common operating costs can be managed and reduced, the greater the chance that the employer will earn a higher salary.

Fighting the pandemic? Here’s how to sell Cricut crafts on Etsy

It is amazing how the new world has given people so many different ways to be creative and productive from their homes. In today’s world, if you’re not making money from your job, you have hundreds of other ways to do it. Selling clever, unique, and engaging items on Etsy is just one of those things. While Etsy provides you with a platform to sell your handmade products, you can’t really turn heads unless you’re doing something special and unique for your customers. You can easily create a unique and outstanding online store filled with many different types of Cricut crafts. Not everyone has a passion for crafts, but everyone loves to buy unique items that are not mass produced or sold in stores around the world.

How to Sell Your Cricut Crafts on Etsy

Of course, the first thing you have to do is create an account. On top of that, you want to do a few things right to draw attention to those beautiful Cricut products that you will create. Here are some tips to help you sell nifty products on Etsy.

Create unique items

Be unique with what you sell. Try to be unique in the commercial. You have to understand that people who enter Etsy are not looking for commercial products. They want something different, unique and fresh. If your products are a scam of something already on the market, you may not get any attention. Consider offering different types of products, such as personalized cups, vinyl saying t-shirts, handcrafted Cricut posters to help decorate homes for every season and occasion, and more.

Customize your items

Always leave room in your articles to add personalization. For example, if you sell hand-decorated glasses, you may want to allow your buyers to add their names or favorite quotes to the glasses with some vinyl decals. This way, they can gift the item to someone after customizing it for them.

Build it on a passion

Start with a passion for Etsy, and that’s what will make you happy. Don’t start selling something just with the goal of selling it. Your passion will come through your designs and it will make you stand out from the crowd. It will also help you always come up with new creative ideas as you expand your Etsy shop with a variety of products.

Place high-quality images

You can’t really get people’s attention on thousands of other nifty articles unless you’re advertising the product in the best possible way. Make sure you take bright, colorful, attractive and attractive photos of your products. The image should make it clear what your product is. If you have to hire a professional photographer for the job, go for it.

Cricut Craft Product Ideas to Sell on Etsy

If you know how to work with a Cricut cutting machine, then with your Cricut craft ideas, you can be the star of Etsy. Here are some things you can do with your Cricut creations and market them on the website.

Thermal patches for t-shirts

People love to wear unique items these days. T-shirts can never go out of style. In addition to their ease and comfort, T-shirts are people’s favorites because they can make a statement with them. You can sell nifty, witty, fun, and thought-provoking vinyl decals for people’s t-shirts. They are very easy to create with any of the Cricut vinyl cutting machines. You will be surprised how much they love to iron on their soft white t-shirts.

Doll clothes

Cut the perfect doll clothes with your Cricut Maker. The Cricut Maker isn’t a great machine for cutting adult clothing patterns, but it’s definitely great for cutting fabric for dolls or children’s clothing. The popularity of children’s clothing on the Internet is overwhelming. You can make a lot of money if you could only steal a small slice of this market today. Take it to the next level and finish these items with iron-on vinyls or infusible ink decals.

Small bags and wallets

Did you know that the new Cricut Maker allows you to use many different attachments? With these accessories, you can cut some thick materials. And when you can cut the leather into any shapes you want, you know that you can create some really stylish, modern, and attractive items like purses, handbags, and even children’s wallets. These will sell like hotcakes on Etsy.

Warm duvets

Winter is upon us and what better gift could you arrange for your grandfather or grandmother this Christmas than a quilt? Yes, a better gift than a quilt is a handmade quilt. The new Cricut Maker has many different quilt patterns that allow you to create your own cool looking, stylish quilts. You can use the machine to quickly cut your fabric panels for you, a great way to simplify the quilt making process so you can quickly make those quilts to complete your supply in your Etsy shop.

Final thoughts

Etsy provides you with a platform where you can sell items that might not otherwise be sold on Amazon and other mainstream retail websites. However, among thousands of articles created by thousands of creative people, it is not easy to stand out unless you are a master at creating artistic products. An easy way to optimize your product production line with the use of an electronic cutting machine such as a Cricut Maker. So, get one today, learn a new trade, and be an entrepreneur.

How to Identify the 4 Types of Workers You Need on Your Dream Team

In order for your Dream Team to work in creative harmony, you need 4 types of workers.

Step 1: Project Categories

In One Minute Millionaire, Hansen and Allen describe how Allen Fahden and Marie West divide project-oriented work into four main categories. These are:

  • Solutions: It is about identifying ideas and options to solve problems and take advantage of opportunities.
  • Strategies: It’s about taking your highest priority idea and deciding on an action plan
  • Analysis: This is the ‘Devil’s Advocate’ part! Think about what could go wrong with your solution
  • Results: This is where you create a system to carry out your action plan and then you do it!

Step 2: Match the worker to the category

Hansen and Allen describe four types of workers that correlate with the four categories above.

These are:

Hares: These are the types of creative ideas. They often prefer to leave the “follow up” to others.

Owls: These are the “Give me an idea and I’ll show you the plan and strategy” guys. They also love to make connections.

Turtles: These are the traditionalists. They don’t like taking risks and have a talent for anticipating problems, thus saving the team time and money by addressing issues early on.

Squirrels: These are the types of organization that love detailed step-by-step work.

To build a dream team, you must have people of each type to perform the duties and tasks within each of the four categories.

Hansen and Allen claim that if their team lacks a type, it will be in danger. If your team lacks two of the types, you will face disaster!

You will also find that most people, including yourself, have a primary work style, for example, the hare, and a secondary one, for example, the owl.

If your team consists of two people, you and one other person, the ideal would be to have a combination of all four of you; for example, Hare / Owl plus Tortoise / Squirrel or the combination of Hare / Tortoise and Owl / Squirrel.

So this is what HOTS stands for … Hares, owls, turtles and squirrels!

Step 3: Take the HOTS test!

The way that you and each team member match yourself to the guy who fits one of the four categories is by identifying the strengths that match each one.

This is easy because Hansen and Allen have designed a free diagnostic tool, available on their website, that reveals people’s strengths.


So go to the One Minute Millionaire website, click on Tools, and then select the HOTS Survey and identify your strengths. So make sure every single member of your team does, too!

I am a hare. What are you going to? What difference will it make to you now knowing what other types of people you need to look for to build your dream team?

Three ways to properly generate business credit

Many small businesses could benefit from having additional capital available to free up their cash flow, but unfortunately most will never know that they can establish and generate business credit for their business without using their personal credit.

There are 3 critical things any small business can do to ensure it is building business credit.

Beware of “business” credit cards

Don’t apply for credit cards claiming to be “business credit” cards if the app asks for your personal information, like your social security number. This is a clear indication that it is a personal credit card disguised as a business credit card.

Prepare your company documents

Make sure your small business is set up correctly from the start. That means having your articles of corporation properly filed with the secretary of state in the state in which you do business, as well as filing with the IRS a tax identification number (sometimes called an EIN number). This information is essential to complete a true commercial credit application.

Get your business listed correctly

Make sure your business is listed by business credit reporting agencies like Dun and Bradstreet. You can visit them at dnb.com and see if your company is already on their system.

Establishing and developing business credit is the most important thing you can do to help your business grow. Following these critical steps will help ensure that you can properly build business credit.

Having these things in place for your small business before applying for a business loan or line of credit can mean the difference between being approved or denied.

Tips for Finding Reliable Lenders

Everyone goes into a cash crisis from time to time. Often times, most of us turn to lenders for quick cash to solve our financial needs.

Loans offer a quick and easy solution to solving urgent financial problems. Most people turn to traditional lenders, but their strict requirements and lengthy application processes are often unpleasant. Online lenders offer a simpler and faster solution to get that much-needed loan.

However, just like anywhere else in the world, finding a reliable lender can be a big task. It is not impossible to find reliable lenders if you follow these simple tips.

Get online

Yes, the Internet is the go-to solution when it comes to finding reputable lenders.

When we say go online, we mean conducting a search for top loan issuers. Once you have a good list of two or three banks, the next step would be to do more research on each loan issuer.

One of the best ways to find reviews of different lenders online would be to search for reviews of them on forums.

Most of the time, past customers will give honest reviews through forums. You must interact with them through the different forums available and ask as many questions as you need.

Take some time to do your research before making a decision.

Application and approval period

You most likely need the money quickly and don’t want to go through lengthy requests. Online loan problems offer a quick and fast solution to get that much needed loan.

The loan application should be as easy as it sounds, but you should also be careful to observe that you are following due diligence as any reputable money lender would.

Approvals take some time, but in general, loan approval periods of one to twenty-four hours should suffice.

Interest rate

Last but not least, a reputable lender will offer competitive interest rates.

When researching the different lenders, take note of the general interest rate offered by each issuer.

Remember that the interest rate determines how much you will pay in the end to pay off the loan.

A lower interest rate does not automatically mean that the lender is the best; Opt for a loan issuer that offers an overall unbeatable package.

There you go; With our simple tips, you can find reliable lenders. Remember to give back by posting your experiences in forums with different online lenders.

How to write a business plan for an online business directory

Writing a business plan for an online business directory is just as important as writing a business plan for any type of business. A proper plan is essential for an online directory to be successful. This will describe the type of business directory you will run and how you will make it profitable. Here are some tips for writing a business plan for an online business directory.

1. The plan should describe your strategies on how to turn the directory into a moneymaker. It will detail how the directory will function and how it will remain profitable. It will also help you plan for unexpected roadblocks – for example, if a method of acquiring a business listing doesn’t work, how you will modify the strategy to make it more effective. It is important to regularly update your business plan to stay competitive. Create short-term and long-term goals and set time frames to accomplish specific tasks and set goals, such as how many companies will publish your listing in a week or in a month.

2. The mission statement is a blueprint for successful boards. You must define your values ​​and objectives to stay competitive in the market. It is important that you describe how you understand your target audience, including their needs and wants, and how your directory will meet them. You need to detail how you will attract customers to list your businesses.

3. You should detail your understanding of your competitors and how your directory will be unique and different from your competitors’ directories. For example, will yours fill a particular niche? You need to outline your promotion plan and how you will implement your marketing strategies. You need to create a strategy that gives you a competitive advantage.

4. You need to detail a comprehensive financial plan. It should include information such as advertising and promotion costs and the expected revenue it will generate. It should describe all the methods and programs that you will use to effectively monetize your directory. This can include affiliate programs, paid ad offers … etc. You must create an effective budget that is practical and takes into account hidden or unexpected costs. You will need to itemize your expenses and income to make sure you have a plan that generates more income than the money paid for.

Starting a new online business directory can seem overwhelming as there are so many online directories on the internet. To stand out from the crowd, you need a strategic plan, clearly defined goals, a clear promotion and marketing plan, and a practical budget. It will help minimize the risks and maximize the benefits. A general guide on how to write a business plan for an online business directory is helpful when planning to create a successful online business directory, but it is essential that you do your research and consult with others to make sure your business plan is a blueprint. for success.