Posts Tagged ‘Advice’

BUSINESS FINANCING ADVICE – COMMERCIAL LENDERS TO AVOID

This business financing strategy article will describe the importance of avoiding "problem commercial lenders". The article will NOT name specific lenders to avoid, but key examples will be provided to illustrate why prudent commercial borrowers should be prepared to avoid a wide variety of existing commercial lenders in their search for viable business financing strategies. I have been advising business owners for over 25 years, and I have encountered many business financing situations which have involved commercial lenders that I would not recommend as a result. These problematic situations have especially involved commercial mortgage loans, business cash advance situations and unsecured working capital loans. As a direct result of these experiences and daily conversations with other commercial loan professionals, I do in fact believe that there are a number of commercial lenders that should be avoided. This conclusion is typically based on more than one negative experience or an obvious pattern of lending abuses. I have published many commercial loan articles which are designed to assist commercial borrowers in avoiding business loan problems. One of the most serious business financing situations is a commercial lender that causes business loan problems for their commercial borrowers on a recurring basis. It is particularly this ... [more..]

BUSINESS FINANCING ADVICE – COMMERCIAL LENDERS TO AVOID

This business financing strategy article will describe the importance of avoiding "problem commercial lenders". The article will NOT name specific lenders to avoid, but key examples will be provided to illustrate why prudent commercial borrowers should be prepared to avoid a wide variety of existing commercial lenders in their search for viable business financing strategies. I have been advising business owners for over 25 years, and I have encountered many business financing situations which have involved commercial lenders that I would not recommend as a result. These problematic situations have especially involved commercial mortgage loans, business cash advance situations and unsecured working capital loans. As a direct result of these experiences and daily conversations with other commercial loan professionals, I do in fact believe that there are a number of commercial lenders that should be avoided. This conclusion is typically based on more than one negative experience or an obvious pattern of lending abuses. I have published many commercial loan articles which are designed to assist commercial borrowers in avoiding business loan problems. One of the most serious business financing situations is a commercial lender that causes business ... [more..]

FREE COUNSELING AND ADVICE EVERY STARTUP AND GROWING BUSINESS NEEDS TO SUCCEED

Business counseling fees can be extremely expensive and not knowing where to turn for business advice can be a significant waste of valuable time. That is why there are 80 Business Information Centers (BICs) in the United States and over 1,100 Small Business Development Centers (SBDCs). Not only do they provide small business owners with free counseling, but they also have an extensive reference library of books, publications, and video tapes. Small Business Development centers and Business Information Centers help with start-up business planning or assist in expanding an existing business. BICs are partnered with the Service Corps of Retired Executives (SCORE) to provide businesses with free business counseling. Retired business men and women volunteer their expertise and experience to assist with any issues that may be confronting your business. These men and women can also assist you in developing a customized business plan for your specific business needs. There are over 10,500 SCORE volunteers in 389 chapter locations who assist small businesses across the country. SCORE also provides an online counseling initiative for businesses. More information on this can be obtained at the SBA.gov website. Business Information Centers are constantly adding new resources to serve the needs in their local business ... [more..]

COMMERCIAL FINANCE FUNDING HELP AND WORKING CAPITAL ADVICE

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BILL BARTMANN BUSINESS ADVICE: AVOIDING THE PITFALLS OF BUSINESS OWNERSHIP

Market DemandOne leading cause of business failure is the market does not support the business. A lot of entrepreneurs start their business without making sure that there is a demand and a need for their products and services. They fail to research the market to see if there will be a lot of competition or if their products and services are practical. Unfortunately, too many learn this the hard way; after they have invested their time, work and capital into their new business venture.ManagementMany new business owners are in for a surprise when they realize that they must do it all. They are not organized; therefore, they are unable to keep good financial records. They may have trouble making calls to collect on past due accounts. They would much rather be focusing on developing the business than running the business. You need to realize that running you own business doesn’t just mean doing what you like to do; there are still the day-to-day operations to think of.Contracts and AgreementsSome entrepreneurs go into business with a partner who is also their friend. They have some of the same goals in mind; they get along well, so they don’t feel the need ... [more..]
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