Every individual, family, business, governing body, or organization with a cash flow and expenses needs to find some way to keep track of those expenses in order to make payments on time and not accrue too many penalties. Even the simplest entity, such as an individual living alone in an apartment with a small stack...
So you’ve come up with a great, new, and original business idea for a brand-new start-up. Congratulations! Maybe you’ve got a brilliant new invention, an amazing product no one has ever seen before, or an unbelievably innovative new service that’s going to change the way things are done in the industry of your choice. Unfortunately, you can’t just sell your idea- you will need to obtain capital for business start up and build a successful business around it.
Charge cardholders utilize credit cards to meet payments for unexpected financial situations and to fund cash flow requirements. Business owners also seek out business lines of credit specifically underwritten to meet the needs of a business; start-up or otherwise. However, the reasons for credit utilization vary. For example, the use of credit cards with high limits...
Real estate is a lucrative investment that can turn your fortunes. The asset values for your properties have low depreciation compared to investing in other sectors. In addition, the returns are plentiful. The payback period for a well-managed property ranges between seven to ten years. This means after that, that asset becomes an eternal revenue-generating source.
What is Debt Consolidation? Debts can accumulate as a result of sustained debt financing. Continued borrowing can raise your debt-to-income ratio. A high interest rate on existing debt means the credit situation for a company will continue ballooning if not alleviated. Such a case may lead to bad credit. To avoid such a financial situation,...
There are a few different types of debt financing that small business owners can apply for online. Before you apply for debt financing online, you should understand what your financing options are and how to get approved for them. In this blog I’ll discuss a few different types of small business debt financing to help improve your understanding of what may be available to you (and what will work best for your business).
Making it as a young entrepreneur entails a good business plan, hard work and risk taking. Young entrepreneurs form a crop of resilient youth. Entrepreneurs are courageous enough to forgo employment and seek their passions. Twenties can be tough to many seeking self-employment through ventures and small businesses. To succeed as an entrepreneur in this...
To be an entrepreneur one has to take risk to actualize a particular idea. This entails setting up a business model around the idea in order to make money. Entrepreneurship is highly rewarding if done well. Globally, the richest persons on earth are comprised of famous entrepreneurs. These crop of billionaires have expansive businesses in technology, retail, manufacturing, apparels and real estate. For many entrepreneurs, financing in the initial stages was a challenge. To avert this, seek institutions like LenCred who offer flexible financing to get you started. Below is a snippet of famous entrepreneurs with their stories that you could emulate and get inspiration from.
Entrepreneurs are some of the richest people in America. To succeed in wealth creation through entrepreneurship it requires values and character. Alternatively, you need to understand what is entrepreneurial mindset. You need to be in line with how successful entrepreneurs think. Their attitude towards their business environment and how they influence it rather than adapting...
What is an entrepreneur? The true definition of an entrepreneur is broad. On paper, the entrepreneurial spirit lies within the character, skill and creativity of the individual in creating and running a new idea in form of a startup business in order to gainfully benefit. However, what defines an entrepreneur should be the inherent capacity...
Empowering financial service providers with industry-leading technology and funding strategies to help you create an edge in your market.
