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Posts Tagged ‘Entrepreneur’

Between 80 and 85% of SMEs applying for credit financing are serious problems to get it, and between 10 and 15% is not encountered problems is that we simply do not, according to the Higher Council Chambers of Commerce. Thus, one of the standard formulas which are forced to go small business is the loan from family and friends, usually formalized by a private contract between the lender (which provides the money) and the borrower (the it receives).

According to Alfonso Jaudenes, the firm specialized in advising companies Clemente, Jimenez, Ontiveros, “the main advantage of the loan made by family members is that both sides can agree terms with greater freedom than when you ask for money to the bank. These include such important aspects as the timing and payment of the loan. “

In fact, “since we are talking about loans based on trust and intention to help a family, it is usual to be agreed term and interest conditions most favorable possible for the borrower.” However, the tax mark the loan, since you get an economic return from it (come on, you ride a business that will report income and benefits), must have a higher interest rate to zero and has to be in the market. Although there are sentences that can put a zero interest loans from relatives, we will tell you what it says the Treasury … Read the rest of this entry »

• before deciding to be an entrepreneur, you must have sufficient knowledge to establish a business. Suppose you want to open a printing business, you must know the ins and outs of the printing press. If you want to open a laundry business, then you should know very well about the washing machine and how to run the business.

• Planning is something quite important in setting up the business. Detailed everything up to details, ranging from financial budgets, premises, or even employees.

• Establish a business according to your interests. Doing things would have preferred more light than do things that are less preferred. For example, if you like to cook, you can open a catering business or opening restaurants.

• Attitude bold step is crucial to become a successful entrepreneur. Bad things indeed will continue to haunt your business, but do not let it blurs your desire to become a successful entrepreneur.

Courage can lead you to success. For example, you do not have the capital. With courage, you will seek capital in many ways. Could borrow money from friends or banks.

• Establish your business in strategic places. Placement of business or business is a very important factor. For example, if you want to do business cafe, the most strategic place to set up a cafe is an area adjacent to the campus / school.

• All successful entrepreneurs are always starting a business from a small thing. If you want to open a business, do not jump, we recommend choosing your path of small business. Suppose you want to open a perfume shop, you should not directly buy / wholesaler of certain perfumes in large numbers.

Buy in small quantities but consists of various brands. It is also useful to know which the most preferred perfume consumers are. When you already know, you just can buy it in greater numbers

• Sense of responsibility is crucial to becoming a successful entrepreneur. Serious about running a business, correcting mistakes, and continues to work hard is one of the ways of being an entrepreneur.

• To be a successful entrepreneur, you must have the courage to innovate. You do not need to create something completely new if it does not afford. You can imitate someone else’s business but given the other touch so that your business is characterized.

For example, you want fried chicken restaurant business. To be different from the others, your fried chicken seasoning mix or chili seasoning other than the other. Examples of simple innovation are when you want to start a laundry business. Give support facilities not owned laundry business, such as providing shuttle laundry facilities.

• Do not ever give up in running the business. Before reaping huge success, you may experience failure. Do not immediately collapse in failure, but immediately do a correction and fix whatever is wrong.

Loan Company, which has to take into account if they want to hire a company credit. Before a loan to a company were more difficult to achieve for an entrepreneur, is now more common to ask for and more achievable
The big banks from time dealing with lending and business lending. Lately the market for business loans is discovered by the smaller (and more competitive) banks as well. These small banks see that loans to businesses can be profitable and can compete with the big banks, which at most times are not very flexible when it comes to business loans …

Borrowing for your business can be difficult and frustrating for employers. Banks are still a bit reluctant to give loans to companies for lack of economic security. If we in the place of financial institutions understand that finance companies is something that carries some risk. On the other hand, we all know that as an entrepreneur you get your income through various clients and is not dependent on an employer who may suddenly decide to dismiss a person …. But banks do not see it as well while they are evaluating your loan application. Read the rest of this entry »