Archive for September, 2008

The Oprah Show Hilights Small Business Success Stories … How You Can Be One Too

The Ophrah Winfrey Show recently shared small business success stories with their huge audience. Particularly on how to survive tough financial times. Guess who they singled out as a major contributer to the success of many small businesses? SBI that’s who!

So, does SBI! really change lives?

Ask Jill and her husband Jose from Your-RV-Lifestyle.com. They were asked to appear on the Oprah Winfrey show this past week.

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Writing a Business Plan – 8 Ways to Catch the New Wave

Writing a business plan can be pretty tedious. There’s the cover, the table of contents, some 20-25 pages of content and the back cover.

The innards are typically long paragraphs punctuated with bold font sprinkled hither and yon.

And it’s all a big bore.

There’s a reason for this. The “how to write business plans” books are classics. That means they are old. They were all written pre-internet. And that’s an important consideration in capturing and holding an audience.

The writing style of the internet has changed the way people think.

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Small Business Growth – 7 Tips to Manage Your Growth Successfully

Fast growth can be seductive; but challenging to manage. All small business owners want growth; and fast growth sounds like it should be a good thing – something to strive for. However, it is important to control your small business growth or risk your business’ future.

One of the most exciting times for small business owners is when they see their sales grow; even more exciting when those sales grow quickly. Sales are often used as a measure of business success.

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Ecademy Podcast: How To Get More Customers

Thomas Power, founder & CEO of Ecademy, was recently interviewed by my friend Stan Relihan for his “The Connnections Show” podcast.

You can listen to the interview at …. Thomas Power

or ….. The Connections Show

Rather than just being a collection of people looking for jobs or social interaction, Ecademy’s focus is to be a Marketplace – where like-minded entrepreneurs & business professionals can meet each other (either online or at face-to-face gatherings) to conduct business and do deals with each other.

Ecademy might just be the place to go trawling for Clients – and I think anyone who is more interested in looking for “Buyers” rather than “Sellers” just might agree.

Why not check it out & decide for yourself?

(BTW, the show got nearly 15,000 downloads last month – so something must be working)

Getting a loan from the Small Business Administration (SBA)

Here is a handy guide to the various SBA loan programs. Click here to review a synopses of SBA Loan Programs.If you are interested in obtaining further information for a specific Loan Program listed below, click on the Loan Program and you will be brought to the SBA Web site.

PROGRAM: 7(a) Loan Guaranty Program (the SBA’s primary loan program).

  • Maximum Amount Guaranteed: $750,000 in most cases Percent of Guarantee (Max.): 75% (80% if total loan is $100,000 or less)
  • Use of Proceeds: Expansion or renovation; construction of new facility; purchase land or buildings; purchase equipment, fixtures, leasehold improvements; working capital; refinance debt for compelling reasons; seasonal line of credit; inventory acquisition
  • Maturity. Depends on ability to repay; generally working capital is up to 7 years; machinery/equipment, real estate, construction, up to 25 years (not to exceed life of equipment) Maximum Interest Rates: Negotiable with lender: loans under 7 years, max.

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Commercial Finance Options for Small Businesses

One of your biggest worries as a small business owner is how to secure capital to expand the business. Commercial finance is one of the many options available to people in your situation. This sort of financing is also called asset-based lending, since it involves some form of a secured business loan. The borrower guarantees repayment of the loan by pledging business assets as collateral.
There are several types of commercial finance options available to small businesses:
• Accounts receivable factoring
Businesses can “sell” unpaid invoices to banks at a discounted value for cash, which can be used right away for ongoing needs.

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Everything You Always Wanted to Know About Secured Loans

Since the very first bank in the world opened its doors in 14th century Italy, lenders have been asking for some sort of collateral in order to lend a borrower a sum of money. If the borrower doesn’t repay the loan, the lender merely takes the collateral as payment. This system of borrowing money is now referred to as a secured loan in the lending industry and is practiced by a vast majority of financial institutions around the world.

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100% Guaranteed Business Loans With No Credit Check and Low Rate of Interest!

Running a business successfully is no mean task! It calls for immense planning and management. Money is the crux of business. If you have sufficient funds, then you may not need loans. In case you are not so sound financially and need money fast, you can always apply for a fast small business loan. This is a safe and sound means of meeting your short term business needs.

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