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6 Reasons Why Business Plans Are Important in Real Estate Investing Let's repeat some well-known business facts: a) 98% of all businesses in the USA are small businesses. b) 98% of all businesses fail in the first year, c) 100% of all failed businesses have well-understood reasons why they failed. With these three facts, we should be able to craft a business that has a more than average chance of success. Why businesses fail. All failed businesses share the same characteristic: they fail for one or more of the following reasons: 1) Undercapitalized. They don't have the financial strength to survive the startup period. 2) Weak Management. The current owner/manager simply doesn't have the skills to make the business flourish. 3) Wrong product. You can't sell what the public doesn't want to buy. 4) Wrong market. What you have may be attractive but the local market can't afford to buy it. hohodio hohodio hohodio hohodio hohodio hohodio hohodio hohodio...

Small business owners are some of the most hard working and knowledgeable people on this planet. They have big dreams and nothing can get in their way. One fall back for such a driven and motivated person is that often times, certain operational functions are not carried out correctly. Because small business owners want to move swiftly, certain details can often be overlooked, causing the business to not run as smoothly as we all want it to. Applying for business loans is one of those operational functions that small business owners just can not seem to get their arms around. Here are a few tips on some of the things you should not do when applying for business loans. Number 1 - Banks and lending institutions have no interest in taking on any kind of risk whatsoever. The recession has spooked lenders to not lend out money to anyone, or any business that does not have exactly what they are looking for. In knowing this, it is important to understand what the banks' underwriting gui...

Can you believe that 50% of first year businesses do not make it to the next year? Did you know that 95% of businesses fail within 5 years of being established? It is because of these percentages that lenders and other financial organizations consider many small businesses to be 'high risk'. High risk businesses (and even some non-risk businesses) have an extremely difficult time finding and obtaining business credit. So, why are lenders so afraid to lend out funding to start-up and current businesses? Let's take a look the real side of small business access to credit.... Uncertain Economy An uncertain economy has a lot to do with the ability of a small business access to credit. During a recession, or even a falling economy, people are not spending money. Therefore, they are not going to small businesses for materials like they do when the economy is good. Small businesses are not getting near enough business to stay afloat and lenders are perfectly aware of it. Lende...

There are many existing businesses today that are being put up for sale by their owners. Some prefer the services offered by a business broker. Hiring a business broker can save you a lot of time and effort. A business broker is no different than a realtor in the housing industry; they are paid by commission for handling a business transaction. Sellers usually gain a certain advantage in businesses for sale by owner (also known as FSBO as sort of business shorthand) but buyers can get even more if they know what to look for in buying a FSBO business. Advantages of Buying Businesses for Sale by Owner If you are interested to buy a business for sale by owner, the following are the benefits you can expect based on the different aspects of FSBO: Regarding the selling price - FSBO cases generally arise when the seller wants to avoid paying commissions to a business broker, and there is usually a wiggle room in the negotiation phase. Note that actual market value already has a sales commi...

How do you define success? Money, power, fame, relationships, simplicity, complexity, responsibility, achievement. Success is as individual and unique as each of us when considered on a personal level. Business success can be unique as well, but typically three milestones can be used to gauge the success of your small business. For many success won't happen over night, but with consistent focus and application of good business practice results will begin to show themselves. Here are three common measures with which to compare your business's progression. Affirmation #1: You Break-even From idea conception to business plan, financing, start-up, and successful selling and operations, your business has begun to stabilize and cash is finally starting to come in as quickly as it goes out. If you have calculated your "burn rate" (the amount of capital you will "burn" through until revenue equals or exceeds expenses) successfully there will come a time when th...

One of the biggest problems that many would be entrepreneurs face is that they do not believe that they can start, and run, a successful business on their own. They believe that only those with high level degrees in business or related fields have the skill and talent to create a company, and that they're stuck in the day to day drudgery of their jobs forever. The truth is that whether you have a degree, or whether you never even finished high school, the key to business success is often in the business planning and visioning you do, rather than the certificates and diplomas you hold. But what is business planning and visioning? I like to think of business planning and visioning a little bit like a road map to success. The process involves a series of exercises that are designed to help you decide how to get your business from the idea stage, to the point where you break even, and start making a profit, and beyond. There are many ways to go about business planning and visioning...

Many business founders have encyclopedic knowledge about how their organizations work, as well as how to gain and to retain profitable customers. Why? Founders have probably either designed or done all of the major tasks at one time or another and may have played a role in attracting almost all of the key customers. Doing so was just part of what was required for their businesses to succeed. myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinatingjewlery myfascinat...