The recent economic crunch has forced thousands of small business enterprises to close down, leaving millions of people without jobs, and thus a way of supporting themselves. If you, like many of those people, are feeling the pressure of the changing economic environment, or if you've already fallen victim to it - you are probably wondering how to find creative ways of augmenting your income to be able to comfortably and securely support yourself...more
I received an email last Friday from pennypic.com, the free penny stock newsletter I subscribe to. I was quite excited too because they kindly told me to enjoy and relax on you're (sic) long weekend, because we have a major MONSTER announcement coming Mid Week Then on Monday, I received another email reminding me to be prepared because they were announcing their next pick on Tuesday. I waited around Tuesday evening to find out what the...more
Enormous efforts and dollars are spent in production operations reacting to, containing, and solving problems. However, considerably more effort is needed in product design and manufacturing to prevent product failures, scrap, and other inefficiencies.While we cannot expect to anticipate and prevent all issues that arise, clearly we can make vast gains by preventing more problems in the first place.Warranty costs and product recalls persist and product liability suits are widespread. Over the past 30 years, plants and jobs have moved overseas, and the U.S. has lost over 30 of revenue. So, for every $1 Billion in revenue, a company spends a preventable $20 Million in warranty expenses. Recall costs (just for consumer products and excluding automotive recalls) are more than $700 Billion annually (according to the Consumer Product Safety Commission).We are all aware of the practice of prevention. For example, most parents faithfully have their children immunized against various diseases in order to prevent the diseases from occurring. Many consumer products display warning labels to discourage unsafe usage.However, considerably more effort is needed in product design and manufacturing...more
Personal loans are usually a small loan for personal uses such as for buying a car, paying for a wedding or party, paying back anther loan, buying a new appliance and furniture, taking a trip, or paying for any other smaller payments. It usually has higher interest rate than a loan like business and home loans, and you can apply for it with or...more
Rules on foreclosures vary from one state to another but the processes and transactions are basically the same. The process of foreclosure begins whenever homeowners fail to make payments on their mortgages. Once this happens, the bank informs the homeowner as well as the local government that there is a delinquent loan. There is a period of time...more
Businesses will need to borrow a loan during certain periods for its life span, such as to purchase new equipments, expand the operation, to repay another loan, or to acquire another business. To acquire a loan, you usually will go to a bank or loan company for your capital needs. There are a few things you will need to consider like we discuss in this article.Typically, bankers require a personal guaranty when you are securing a commercial loan, especially if you cannot offer collateral owned by your business. The personal guaranty provides that if your corporation defaults on the note signed by the business, you are personally responsible for the debt. You are right that one of the main advantages of incorporating is to protect your personal assets from the debts of your business. But the personal guaranty could impact this advantage.Lenders are reluctant and take great caution when lending money to try to protect themselves. They typically require both a primary and a secondary source of repayment to ensure they can collect on a loan. The primary source could be the firm revenue flow and the secondary source the sale of collateral. Seldom will they lend money in the hopes of...more
"Having gained global confidence in Software Development services, Indias natural progress towards developing cutting-edge high-end technology products is seeing it gain global acceptance and familiarity in its R&D Offshoring Services."India, the...more
Those entering the world of retailing soon find it can be fun, challenging and rewarding all at the same time. There are so many different things tugging you in every direction. There are so many tasks to be completed and so little time. It is very...more
In todays tough economic times retailers are really stuck in a difficult position. On the one hand they must face a marketplace where shoppers are definitely less willing to part with their hard earned money. This behavior is reinforced as almost...more
The cruel reality when your own a dollar store is the margins are extremely tight. If you are to create dollar store profits you must be a good business person. You must understand how to manage inventory. You must know how to purchase wisely. You...more
Starting your own new business has many challenges, especially when its a dollar store. There are questions about the right format, which location is best, how big does the store need to be, what is the right time of year to open, where to find the...more
Starting your own business is filled with risks, challenges and unexpected problems. Yet for those who take action and actually start there own business there is the potential for so many rewards. Theres the pride of ownership. Theres the freedom...more