레이블이 Government Small Business Startup Grants인 게시물을 표시합니다. 모든 게시물 표시
레이블이 Government Small Business Startup Grants인 게시물을 표시합니다. 모든 게시물 표시

2013년 11월 23일 토요일

About 'small business government'|Small Business, Government and Microeconomic Problems







About 'small business government'|Small Business, Government and Microeconomic Problems









               If               we               had               to               separate               some               of               the               major               confusion               surround               two               to               three               key               areas               of               the               small               business               loan               from               government               in               Canada               ,               aka               '               SBL               loans               '               it               would               be               quite               easy,               as               clients               seem               continually               mis               informed               about               some               of               the               key               attributes               and               benefits               of               this               program               .
               Let's               get               '               small               '               out               of               the               way               first.

The               Canadian               SBL               loan               underwritten               by               the               government               (more               about               that               later!)               actually               goes               to               $               500,000.00               dollars               from               a               lending               limit.

That's               one               of               the               initial               sources               of               confusion               for               our               clients...

because               the               500k               amount               refers               solely               to               your               utilization               of               the               facility               for               a               real               estate               deal.

All               other               transaction               under               the               program               is               capped               at               350,000.00$.
               In               many               cases               it               actually               might               make               sense               to               do               a               real               estate               deal               under               SBL               loans.

For               example               your               10%               required               equity               under               the               program               is               significantly               less               than               the               25-               30%               or               more               that               is               required               by               other               lending               institutions               under               a               conventional               mortgage               scenario.
               We've               done               a               calc               and               a               500k               mortgage               utilizing               the               SBL               would               run               you               around               5500               a               month               for               a               commercial               transaction.

That               is               a               higher               payment               than               a               longer               amortized               commercial               mortgage               but               consider               the               fact               also               that               your               required               permanent               own               equity               into               the               deal               is               only               10%,               and               you               personal               guarantee               under               the               program               is               actually               only               25%.

Try               getting               that               lower               personal               guarantee               from               another               commercial               lender...

we               dont               think               you'll               be               able               to.
               Let's               circle               back               again               to               what               the               word               small               means               in               a               small               business               loan               from               government               sources.

The               program,               which               actually               is               officially               called               the               BIL               /CSBF               program               actually               stipulates               that               your               current               or               projected               revenues               cannot               exceed               5               Million               dollars               per               annum.
               As               you               can               imagine,               and               as               we               experience,               that               covers               thousands               of               business               in               Canada               that               should               be               accessing               the               program,               but               either               aren't               aware               of               it               or               don't               fully               understand               some               of               the               rules               and               guidelines               of               the               program               .Oh,               and               by               the               way,               almost               7500               Canadian               firms               used               the               program               in               2010...

so               somebody               out               there,               including               your               competitors               perhaps?..

accessed               over               957,000,000.00$               in               capital               in               2010.

So               we               think               it's               about               time               you               got               on               board.
               We               think               the               program               works               for               a               couple               of               great               reasons...

it               usually               can               finance               companies               who               would               not               otherwise               be               able               to               receive               traditional               financing               -               aka               your               '               friendly               chartered               bank               '               ,               and               ,               secondly,               it               covers               the               financing               of               assets               that               you               need               to               grow               (               or               start               )               your               business               .
               The               two               main               asset               categories               that               the               program               finances               are               equipment               and               leasehold               improvements.

That               covers               a               lot               of               what               you               need               to               be               successful.

And               by               the               way               things               such               as               computer               software               are               covered               under               the               program               also.

as               that               generally               falls               under               the               equipment               category.
               So               as               a               Canadian               small               business               owner               do               you               feel               challenged               on               whats               available               and               how               to               proceed               to               successfully               execute               on               SBL               loans               financing.

Speak               to               a               trusted,               credible               and               experienced               Canadian               business               financing               advisor               on               why               the               small               business               loan               from               government,               aka               '               the               SBL               '               will               help               your               firm               go               to               the               next               stage               of               its               growth               or               development.






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    About 'government loan for small business'|Banks Used Taxpayer Money Intended for Small Business Loans to Pay Off Bailout Debts







    About 'government loan for small business'|Banks Used Taxpayer Money Intended for Small Business Loans to Pay Off Bailout Debts








    During               College,               I               was               blessed               with               the               opportunity               to               help               write               business               plans               for               small               businesses               looking               to               secure               loans.

    It               was               without               question               my               most               challenging               college               experience.

    It               was               not               a               challenge               because               of               the               work               but               because,               I               had               to               juggle               a               full               course               load               with               working               on               this               small               business               initiative.

    It               was               during               this               time               I               got               and               appreciation               for               what               it               took               to               run               a               small               business.

    I               took               that               learning               to               heart               and               went               into               banking               to               understand               how               to               get               a               loan.

    I               wanted               to               focus               less               on               the               plan               and               more               on               the               action.

    I               thought               that               if               I               understood               how               bankers               think               that               regardless               of               the               situation,               I               could               get               a               loan.

    I               was               right;               you               can               have               a               great               deal               basically               "finance               itself".

    A               touch               sell               is               a               deal               that               makes               no               sense               at               all.

    That               is               why               banks               will               lend               on               the               purchase               of               a               home,               but               not               on               the               purchase               of               a               mutual               fund.
                   Even               while               I               had               the               business               plan               writing               experience,               I               failed               to               write               my               own               business               plan.

    I'd               set               up               many               small               business,               but               figured               I'd               plan               to               fly               by               the               seat               of               my               pants.

    Doing               that               works               sometimes,               but               failing               to               plan               is               really               planning               to               fail.

    When               you               drive               a               car,               you               must               know               where               you               are               going               in               order               to               get               there.

    You               must               abide               by               the               traffic               laws               and               know               the               roads.

    You               must               be               aware               of               the               check               points               and               be               sure               not               to               break               the               law.

    You               must               have               enough               gas               to               get               going.

    You               must               maintain               all               fluids               in               the               engine               to               ensure               the               vehicle               doesn't               break               down.

    A               big               key               is               you               must               know               how               you               are               getting               back               if               you               plan               to               get               back               to               your               point               of               origin.

    All               the               same               items               are               needed               when               starting               your               business               too.

    Without               those               key               elements,               you               are               planning               to               fail:
                   6)               Know               where               you               are               going:               With               each               business               plan               you               must               map               out               exactly               what               your               business               concept               is.

    Your               business               concept               is               really               a               boiled               down               point               of               your               mission               and               vision.

    You               mission               and               vision               is               what               you               are               doing               in               business               and               why               are               doing               it.

    This               is               a               crucial               point               of               your               business               because               it               where               you               strive               to               get               to               as               a               company.

    Without               a               mission               and               vision,               your               small               business               is               simply               wandering               aimlessly               like               a               teenager               cruising               burning               gas               on               a               Saturday               night.

    You               might               come               across               success,               but               you               are               just               as               likely               to               be               bored               find               nothing               and               end               up               right               back               at               home.
                   5)               Abide               by               the               traffic               laws:               Business               law               for               a               small               business               is               the               difference               between               success               and               failure.

    You               must               either               brush               up               on               your               industry               business               law               personally               or               higher               a               lawyer               to               protect               your               company.

    One               of               my               favorite               lines               from               Scarface               is               never               underestimate               the               other               mans               greed.

    When               you               have               something               desirable,               people               want               it.

    That               goes               for               business,               women,               money               and               anything               that               is               worth               having.

    Anything               worth               having               is               worth               fighting               to               keep.

    The               business               laws               are               the               ways               you               fight               to               keep               what               is               rightfully               yours.

    It               helps               you               protect               you               corporate               assets,               and               operate               business               ethically.

    The               more               you               run               the               Red               lights               in               business,               the               more               you               are               likely               to               get               caught.

    Even               small               parking               tickets               can               be               an               issue               if               you               do               not               address               them.

    I               had               a               friend               that               has               a               company               that               he'd               operated               as               a               sole               proprietor.

    He               ran               this               business               until               someday               someone               mentioned               to               him               that               he               should               open               and               LLC               to               protect               his               assets.

    He               always               wanted               to               but               thought               the               business               law               was               too               complicated.

    He               was               finally               convinced               and               did               it               just               in               the               nick               of               time.

    Someone               came               after               his               company               for               an               issue               and               initially               attempted               to               go               after               him               personally.

    As               and               LLC               he               protected               his               small               business               and               is               still               in               business               today.

    He               failed               to               plan               in               his               business               plan               initially               but               his               quick               adaptability               worked               to               his               business'               advantage.
                   4)               Be               Aware               of               the               Check               Points               and               don't               break               the               law:               There               are               so               many               business               law               requirements               for               a               small               business               that               you               need               a               lawyer               and               accountant.

    Truly,               the               lawyer               focuses               on               your               legal               form               of               ownership               and               business               assess               protection.

    The               accountant               makes               certain               that               you               stop               at               every               major               stop               light               and               give               government               their               dues.

    Some               small               business               operating               as               LLC               or               corporations,               must               file               quarterly               while               others               once               a               year.

    It               is               best               to               utilize               and               accountant               to               ensure               that               your               taxes               are               properly               done.

    Beyond               that,               the               business               will               allow               you               to               be               taxed               at               a               better               tax               rate               than               individually.

    It               is               somewhat               like               the               HOV               lanes               on               the               highway.

    Hybrid               cars               can               go               in               the               HOV               lanes               even               with               one               passenger.

    Your               accountant               can               help               you               navigate               through               business               plan               planning               when               it's               best               to               be               a               hybrid               kind               of               small               business.

    You               should               be               certain               to               include               your               accountant               in               consideration               of               your               business               plan.
                   3)               Have               the               Gas               to               get               going:               All               cars               need               gas               or               some               kind               of               fuel.

    All               businesses               need               money               or               some               kind               of               income.

    Without               the               gas               a               great               car               can               not               move.

    Without               money,               a               great               business               idea               will               just               sit               on               there               and               become               nothing.

    You               can               work               around               not               having               gas               or               money.

    However,               it's               a               challenge               to               say               the               least.

    I've               been               there               done               that               and               bought               the               t-shirt.

    It               is               always               better               to               plan               within               your               business               plan               to               have               money.

    The               more               you               find               sources               and               uses               for               funds               in               your               business               the               better               prepared               you               are               to               succeed.
                   2)               Maintain               all               fluids               in               the               engine               to               ensure               the               vehicle               doesn't               break               down:               This               part               is               crucial.

    To               say               the               least               gas               is               important               with               a               car.

    Yet               you               must               keep               the               oil               changed               regularly.

    You               must               change               your               transmission               fluid.

    You               must               make               certain               that               your               coolant               levels               are               good.

    Windshield               wiper               fluid               is               important.

    There               are               so               many               items               associated               with               your               car               that               you               must               check               and               retest               that               you               are               certainly               going               to               need               a               mechanic               at               some               point.

    You               will               need               a               specialist               to               keep               you               up               and               running.

    Some               businesses               are               simply               run               by               one               person.

    There               is               nothing               wrong               with               that.

    If               you               are               a               mechanic               then               it               makes               sense               for               you               to               work               on               your               own               car.

    Yet,               the               power               of               business               is               other               people.

    In               small               business,               the               more               you               can               leverage               your               idea               through               other               people               the               better               business               you               will               have.

    Perhaps               even               your               small               business               with               become               a               big               business.

    The               fluids               and               cogs               of               the               engine               are               all               a               form               of               leverage.

    You               must               make               sure               the               people               in               your               small               business               are               happy               to               reach               the               ultimate               goal               addressed               in               the               business               plans               mission               and               vision.

    Without               checking               your               fluids,               you               will               be               on               the               side               of               the               road               broken               down               and               wondering               why.
                   1)               Know               how               you               are               getting               back:               You               might               want               to               keep               going               and               just               travel               without               ever               coming               home.

    However,               it               is               usually               a               situation               where               you               want               a               need               to               know               how               to               get               back.

    Whenever               you               go               out               as               a               small               business,               you               always               want               to               come               home.

    Some               businesses               consider               home               base               to               be               a               monthly               review               of               the               business               plan               just               to               make               sure               that               they               are               on               course.

    Some               consider               reaching               a               goal               and               then               being               able               to               give               back               to               their               community               home               base.

    It               really               varies               for               each               business.

    Yet               and               still               everyone               has               a               home               base.

    Home               base               to               me               in               my               business               plan               is               a               point               of               reflection.

    A               point               where               I               look               back               over               what               has               transpired               and               I               give               thanks               to               God               for               all               his               blessing.

    I               strive               to               give               back               and               show               my               son               what               it               is               to               give               back               to               others.

    And               as               a               whole               I               strive               to               keep               it               moving               so               that               he               will               have               a               legacy               in               the               future.

    When               I               think               of               all               those               things               I'm               home.

    And               once               home,               I'm               ready               to               venture               out               again               and               make               it               happen.
                   I               wish               you               good               luck               with               whatever               business               you               get               into               and               don't               forget               to               maintain               that               business               plan.






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