Archive for the ‘Uncategorized’ category

Property Investment: An Excellent Financial Strategy

January 13th, 2021

Real estate is one of the most lucrative investment types out there. It is a long term and high yield venture.

A strategically located piece of land is an excellent property investment. Buying investment properties is one of the ways money pools such as mutual funds, hedge funds and retirement funds are able to utilize their resources.

The aim of a retirement account is to build up a healthy lump of money for when its recipient retires. Buying a prime piece of property investment with retirement account funds is a good strategy. This is because real estate properties offer more gains as it matures unlike other commodities that are commonly bought and sold on a daily basis. The tax advantages of retirement accounts are also great when it comes to the financing and managing of prime real estate.

Mutual funds and hedge funds have multiple members. This means that these institutions have bigger resource pools. Having huge sums of money at their disposal means they can go for more expensive investments with higher gains. It is not uncommon for an organization like this to go after a very viable property investment.

Buying investment properties is not enough. It is an investment after all. After purchasing a suitable property investment, it is the owner’s responsibility to maximize its potential. Buy and hold. Do not just sell the property again. Use it to generate profits. The property could be rented out. Rental property is a good source of income. Before renting a property out, the owners should make upgrades. Renovation is one way to raise the value of a property. This strategy will not only allow owners to set higher rates on rent but it will also allow them to sell the property at a much higher cost.

Apartments and condominium units could be furnished with top of the line gadgets and electronics. High end, branded furnishings and other amenities will attract more high paying patrons as well. Better deals on rents or leases are also good strategies. People could rent out the property with the option to purchase it sometime in the future.

A larger scale property investment such as a beach front piece of land is usually handpicked by developers. This sort of real estate is usually transformed into rest and recreation spots like hotels and casinos.

As a whole, buying investment properties and developing them is a very good financial strategy.

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5 Reasons Why LIfe Insurance Should Be A Must-Have As Part of Your Solid Financial Strategy

December 15th, 2020

Money doesn’t grow on trees. Have your parents ever told you that before?

When you’re young it’s so easy to think that you’ll always be healthy and strong enough to work as hard as you do now.

If you live at home with your parents it’s very easy to think that… money grows on trees.

But the truth is that with all of the trees that are available in every country around the world… not one of them produces leaves that can be used as currency.

That being the case a serious question to ask yourself would be:”If I were to die tomorrow, could my family afford to pay the bills without me?”

Now I have to agree with you that no one likes to think about things like this, but when you consider the realities of life especially when you live among a high concentration of people in certain areas…

Not owning life insurance is a very risky proposition.

Listed below are 5 reasons why owning a life insurance policy can help you to strategically build a solid financial future.

1. First home – If you’re newly married or have been looking to move out of the apartment that has somehow gotten smaller over the years, you may be able to use some of the cash value from your policy to put a down payment on your first home.

2. Education – Tuition fees these days are absolutely insane with no guarantee of employment, but the fact remains that your children will have a better chance of securing a higher level of employment that can help them become self-sufficient in the long run.

3. Wedding – Somehow when you least expect it your little girl falls in love and utters those three magical words, “he’s the one”. You could just let her go to city hall and sign on the dotted line, but is that really how you envisioned giving her away?

4. Retirement – At last the day has arrived where you give your boss ‘his’ pink slip, but do you have enough retirement income to survive on over the next 10 to 20 years without needing to get a part-time job at your local fast food joint?

5. Death Benefit – These days life is moving faster than ever before and there’s no telling when something might happen. If it did, would your family have to go into debt to pay for your funeral expenses? Somehow I don’t think you want their memory of you to be linked to, the debt you left behind while they struggled to care for your funeral arrangements.

So how do these reasons support the case for life insurance being part of a solid financial strategy?

Simple, the objective for creating a financial strategy in the first place is to leverage your current assets to care for future expenses without ending up in debt. Having a life insurance policy can help you to avoid walking into that trap.

Financial Strategies for a Mobile Car Wash Business Plan

December 8th, 2020

Writing a business plan for a mobile car wash is fairly easy, yet often operators fall down in understanding the financial strategies and costs. Bankers and Investors alike will want to see that you have a well thought out business plan to insure your start-up goes successfully. Below you will find a sample mobile car wash strategic financial strategies section for a business plan. I recommend that you print this out and modify it to best fit your over all plan and then once you have a good rough draft think on it for a few days and add in your additional costs and thoughts or insights. Then type it up and use it in your over all business plan so that you can get the funding necessary for a success start-up either through a loan or investor partner. This sample is written from the perspective of a franchisee, which is part of a larger franchise company. If you are to be an independent business your plan may slightly vary somewhat.

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Financial Strategies

Taxes

We will use the provided accounting software on our computer to keep our books, write checks and invoice accounts.

We will receive a print out of all credit card transactions from our merchant account at Wells Fargo Bank. We will know exactly the revenue received from credit card sales. We will keep track of accounts receivable from fleet washing and industrial cleaning. These customers will pay from open purchase order numbers under contract cleaning agreements.

We will find a bookkeeping service to compile data into a standard Profit and Loss Statement, Accounts Receivable Report and Balance Sheet. At the end of the period we will use these reports to do tax statements.

Capital Requirements

To purchase The Car Wash Guys franchise, we will need to either have or borrow $65,380. We will also need as much as $4,000 working capital.

Breakdown of Investment

I. Tangible Items:

· Clipboards, Stationary, Tee-Shirts $ 600.00

· Personal Organizer System 140.00

· Supplies Inventory 493.00

· Water System 150.00

· Carpet Extractor 350.00

· Vacuum/Air Freshner 1,000.00

· Steam Cleaner 6,000.00

· Lights, Tank 400.00

· Credit Card Machine 1,695.00

· Computer, Printer, Etc. 3,200.00

· Signage 112.00

· Truck Bed 6,895.00

· Truck 18,455.00

Subtotal $39,500.00

II. BONZAI AND BLITZ MARKETING:

Subtotal $ 5,380.00

III. TRAINING COSTS AND MISCELLANEOUS:

(COMPUTER, OPERATIONS, ETC.)

Subtotal $ 500.00

IV. FRANCHISE FEE:

Subtotal $20,000.00

Total Cost to Franchisee $65,380.00

Suggested Cash Flow Requirements $ 4,000.00

Total Sum Needed $69,380.00

Our franchisor has secured a leasing company which can help us with financing on approved credit. We can lease $50,380 leaving a total balance to the franchisor of $15,000 which we can pay in cash or charge on a credit card. We will also need $4,000 of working capital to get started and a 10% security deposit to the leasing company covering the first and last payments.

Debt Relief – Save More Money in Debt Repayment With These Financial Strategies

November 25th, 2020

Often it happens that the consumer is stuck with debts when he acquires too many loans. These debts seem to be very difficult to get ridden off. And now with the tough economic conditions, where most people have become unemployed it has become impossible. Debt not only leads to financial troubles but it can also harm personal life and damage many relationships. Here, in this article there is some help provided through which you can not only eliminate your debt but also be able to save money.

Now there are so many financial strategies introduced which are simple to understand but it takes great efforts and dedication to make them successful. If you think that you cannot handle your debt on your own then you can always have an option to hire and professional and authentic debt relief firm which will analyze your liability problem and give you a solution which will be best suitable to you. However you will have to pay fees to them for their granted services so make sure you have enough funds.

You need to know that not only you are the one who wants to get freedom from his or her liabilities; even the government wants you to decrease debtors so that economic conditions of the country are bettered. That is why they have made conditions more favorable for you. Like now the government has lowered down the tax rates through which can save more money.

There are many credit counseling services in this market which when visited by a debtor, completely analyze their debt and then tell them step by step procedures to overcome their debts. Either they will tell you how you can do budgeting and save more money or they will tell you what other part time jobs you can do to increase your savings.

Moreover, the two most popular debt relief options have become the debt settlement program and the debt consolidation loan. By using settlement program you can decrease your debts by negotiating with your lenders and then pay them off easily and by consolidation loan you can combine your multiple loans into a single one on lower interest rate. This way you would not have to pay to different creditors individually and you can also save a lot of your money.

Other than that there are other financial strategies also like home-equity loan or mortgage etc through which you can get your desired freedom from liabilities. Attempt any of these strategies as early as possible because they are not going to stay forever and once they are gone you will never be able get relief from your liabilities.

Debt settlement is clearly a better alternative than bankruptcy and due to the massive amounts of consumers in debt, creditors are agreeing to very generous debt settlement deals. To compare debt settlement companies it would be wise to visit a free debt relief network which will locate the best performing companies in your area for free.

Financial Strategies For Shopping – Policy Amidst Financial Crises

November 5th, 2020

Global economies are being constantly faced by new financial obstacles that make investing harder to do. Car insurance in its simplest sense is an investment. Getting insured has become more and more difficult to get and maintain in these financially trying times. Policy shoppers are pushed to trading off more comprehensive coverage package for a lesser one with lower premium rate. On the other hand, companies are becoming less lenient in giving discounts and packages just to make their ends meet with their means. These dilemmas have been constantly impeding both companies and consumers.

Being able to secure a car policy gives the policy holder the advantage of having a safety net in case things go wrong. Unfortunately, the constant increasing premium rates in the business make policy holders pessimistic in the whole system. Fortunately there are financial strategies that anyone can use to be able to maintain a good policy without having to pay much. There are four main financial strategies that you can use to enable yourself to break the financial storm, these are:

Always go for higher deductibles because they have lower premium rates.
Know and assess the coverage package that you will need.
Be vigilant in spotting discounts and rebates.
Know and understand the premium rate computation in relation with risk management.

Being responsible enough as a driver can get you cheap auto insurance with good coverage package. Provided that you can see yourself with a small chance of becoming involved in an accident can let you enjoy lower premium rates. Safe drivers can opt to purchase car insurance policies with low premium rates but with less coverage and compensation plans. In doing so, you should be vigilant enough not to get a policy with too low premium so that you can still enjoy leeway just in case that you will be involved in an accident.

Knowing and assessing the coverage package that you need allow you to get rid of the dead weight in your policy. Coverage should always coincide with the coverage ground of the policy. There are cases where policy holders are paying for coverage packages that are inapplicable to their needs. Avoiding this will not only save dollars; it will also allow you to save for something else.

Discounts and rebates can let you have the cheapest car insurance without giving up important parts of the coverage package. Spotting these financial rewards can let you have your dream policy for just a fraction of the price. Lastly, being knowledgeable on how companies compute for the premium rate will allow you to make the necessary adjustments to make companies charge you less.

5 Personal Financial Strategies to Protect Yourself and Invest Shrewdly in a Collapsing Economy

October 26th, 2020

In this article, I outline five key financial strategies you can start implementing right now to help protect you and your loved ones in a collapsing economy. If you’re fed up with worrying about your finances and your future and you’re serious about having an investment account with multiple six figures, then you do have options even in a recession.

If you’re sick and tired of working day in day out and seeing your lifestyle decrease even when your salary is increasing or your spouse is also working, you’re not alone. Millions of people will find themselves in a negative spiral as the old paradigm of buy now, pay later (not just your mortgage) come back to bite us in the butt!

At a loss?

Are you one of the millions of people who find themselves at a loss to know what are the best personal finance strategies and the best investment opportunities in today’s collapsing economy? What’s needed is trustworthy financial education.

But it goes deeper than money management. In the current climate is really ripe for the picking for those in the know. But you need to let go the old ways of thinking about money. A major shift to new paradigm thinking in your personal finance, your career or business decisions and your personal development is what’s needed.

The old paradigm simply isn’t working any longer. For those who remain uninformed, the consequences are going to be nothing short of disastrous. We can see on the news more and more the beginnings of currency collapse in Europe and the US, which will be followed by huge bank losses and hyperinflation of everyday needs in food and energy, increasing interest rates and housing price deflation, continuing massive unemployment.

Are you prepared?

Are you ready for social unrest in your own country as people struggle to heat their homes, or put fuel in their cars or even to feed their family?

As Kip Herriage, finance expert and co-founder of Wealth Masters International remarks in his recent book Crashproof Prosperity:

“People are waking up to the reality of this economic crisis and wondering if they should get out, buy more, or just keep their eyes closed, hold on and hope for the best. Trust me on this one folks; it’s going to get ugly before it’s all over…. You see, you’re making a choice right now whether you realise it or not. 99% of the population has no idea what’s coming or how to prepare for it, much less how to prosper greatly from it.”

Similarly, in his groundbreaking Trends Journal, renowned expert Gerald Celente (not one for hype or hysterics) forecasts that the kind of social unrest we’re seeing in some European countries, North Africa and parts of the Middle East will soon begin in the US and in the UK as banks and governments are forced to declare failure.

Taking action now

But there is still time to prepare and survive the inevitable collapse of a broken economic and banking system and to profit the opportunities that always arise from recession and depression years. Money never disappears in these situations; it simply changes hands from the ill-unformed to the well informed. This is why financial education- that is truly understanding what are assets and what are liabilities in the new economy and therefore making wise money management and investment decisions – should be on your “important and urgent” list of things to deal with.

Five strategies

As promised, therefore, here are some starting points – five personal financial strategies you can put into action right away.

1. Eliminate debt as much as possible to avoid falling foul of the massive hikes we will see in interest rates.

2. Get out of real estate (with the exception of your main residential home and even some are selling up and renting) as house prices will continue to plummet and stay low for many years to come.

3. Avoid savings in currency or mutual funds, as these will completely lose their value.

4. Move any savings to commodities. The big winners will be gold and silver (either bullion from reputable sources or the ETF equivalent) or unique wealth investment opportunities built around precious metals.

5. Get out of the stock market (except well selected markets and companies) since rising interest rates mean inevitable collapse of general stock prices.

An Event Horizon

This is not scaremongering, this is real – it’s happening right now and the evidence is increasingly clear. This is not intended to be financial advice; it’s my take on what I’ve read and researched as a member of various wealth communities.

Take action to secure yourself (follow the link in our resource box for more information) or do nothing and lose out. Your choice.

This is an “event horizon” and things will start to collapse very suddenly in the forthcoming months and over the next 1-3 years. I urge you to use the time you have left to make sure you make good choices for yourself and those you care about.

Dr Jay Allyson Dempster is an independent consultant, founder of Belanda Consulting, iSuccess Business Academy and The Educational Entrepreneurs Association, helping small businesses grow their customer base through insightful marketing that is on-message, in-service and wildly profitable.

Financial Strategy

October 15th, 2020

Having a financial strategy is one of the best and most reliable ways to insure yourself against financial problems in the future. When you have a plan, have organized your income appropriately, you are in a position to save and invest at your own discretion. You are able to manage your money without having constant worry and stress related to not having money or inadequate funds now and in the future. This should be followed both at the home and business front.

When coming up with a financial strategy, you need to gather the facts of your current financial situation. You should have a basic idea of your income and expenses. After this assessment, set some financial objectives. Put down your short, medium and long term income requirements, estimates of expenses, and other needs. You will have a general guideline of what you need to do now, soon and in the distant future.

At this point, it is a good idea to get advice from an independent financial expert who can give you the various options available and what would suit your pocket. They will analyze your financial portfolio and come up with a financial strategy that suits your objectives. This may need to be updated on a regular basis because your needs will change constantly. A review of your portfolio will determine if you need to change it or not. You will then have a draft plan which should incorporate all the advice and recommendations that has been gathered.

It is necessary to review the draft and make any necessary modification. The final draft should then be agreed on and implemented as the financial strategy. Constant reviewing and management will make it possible to keep track of your strategy and help you achieve your goals.

Protect Yourself From Debt

September 25th, 2020

There are a few effective ways to put debt behind you and prevent it from piling up on you anytime later. People tend to move towards a trap when their expenses exceed their income. If it happens for a month or two consumers should realize that it is time to draw the strings where necessary and stop the matter from escalating any further.

Some self designed financial strategies can go a long way to protect a consumer from debt. The first and the most effective among these are to curb the credit card expenses. Credit cards are the best known debt creators in the economy as they increase the urge to spend more than necessary. If a consumer possesses more than two credit cards and has incurred a considerable amount of outstanding balance in one of them, then the others should be immediately discarded.

Chalking out a budget also helps immensely to put debt behind you. Based on the income, one can decide on how much to spend on what and where to cut down. This can eliminate all unnecessary expenses and discover new avenues in saving money.

Another way is to add up all the household bills and then to compare it with the income. If the income is higher then there may not be any immediate fear of losing financial stability. If otherwise, the consumer is sure to be trouble. One can consider taking up alternative jobs for extra income. With this, any high interest arrears can be financed. These strategies can be continued with till the time the financial crunch recedes.

If matters go beyond these self constructed financial strategies, then the consumers can seek help from professionals. These may not be the ultimate measures like negotiation and settlement or, consolidation (bankruptcy being a far cry); counseling and help from financial experts would suffice.

These financial strategies have helped many families from falling into the trap of arrears. It is necessary for a consumer to admit that he is facing a financially trying time and then work towards it. If a person fails to realize that he is living on the edge, then it may not take him long before he is seen to avoid unfriendly phone calls from creditors.

In some cases where the consumer has unfortunately lost his job because of the country’s economic meltdown, the strategies mentioned above should be followed more strictly till the time he finds a job or, any other source of income.

Controlling one’s expenses is a difficult task as the consumer will have to bring a drastic change in his life style in very short notice. Adjusting to it may be equally hard. But in order to put debt behind you this is a small sacrifice to make. It is always better to solve issues within the home boundaries than to take it out for others to solve it for you.

Debt settlement is a legitimate alternative to filing bankruptcy. Consumers must be experiencing a legitimate financial hardship and have at least $10k in unsecured debt to qualify for most programs. Check out the link below to locate legitimate debt settlement companies in your area for a free consultation.

Financial Strategies to Maximize Return on Investment

September 6th, 2020

On face value, buying a franchise can seem like a sure way of taking charge of your financial future and earning a healthy profit, with the added bonus of becoming your own boss. Proven business models, established brand names, popular products and access to training programs form a comprehensive framework which can leave potential franchisees asking – How could I go wrong?

While the framework often provides great assistance for owners to maximise their initial investment, there are a number of key factors that must be considered to ensure a franchise operation takes full advantage of the selected business model and eventually turns in a healthy profit for its owners. Some of these include:

o capitalisation – avoiding the trap of under-capitalising the business;

o getting the right fit – choosing a franchise system that is aligned with the interests and passions of a franchisee;

o undertaking due diligence – thoroughly researching the investment and preparing a detailed business plan that will help to secure the required funding and;

o exit strategies – considering where, when and how the business can be sold.

Taking the time to understand the franchise system is crucial. Franchisees must be honest and realistic in assessing opportunities and make sure that they select a system that suits their lifestyle and aligns with their interests.

For example, a person averse to early mornings should perhaps avoid investing in a bakery franchise because if the baker can’t make it into work, they will have to stand in. However to others this is not a problem as the thought of an early start is attractive. Interests, passions and background should all be considered when researching the options. Finding the right fit is crucial to the success of the business and ultimately to maximise the return on investment.

Once the best fit has been found, franchisees also need to be realistic about the level of risk they are prepared to take. Higher risk can potentially reap higher returns, but the franchisee must be comfortable and willing to accept the challenges this may bring.

Choosing to buy a brand-new store, for example, may be considered a higher risk option than investing into one already established with proven cash flows. Whilst it may be cheaper to purchase, you will need to build up the customer base and there are no personal relationships with suppliers and no proven return on investment to track against. There are benefits and pitfalls with both options, neither right nor wrong – it ultimately depends on the level of risk that the franchisee and their financier is prepared to take.

A successful franchise is always one that has been fully researched, diligently planned and properly financed from the outset. Under capitalisation is one of the easiest and most fatal mistakes a new franchisee can make and generally stems from unrealistic, incomplete or misguided planning.

To help avoid falling into the trap of undercapitalising the business, a prospective franchisee would be well advised to seek out the services of an experienced accountant or financial advisor with knowledge of the specific franchising system and an understanding of its working capital structure. Getting the right advice up front will help to ensure a smooth transaction and start-up process, setting the business up for a successful launch and potentially healthy returns. The franchise system will also encourage this even though many also have consultants for system specific advice.

The right accountant or financial advisor with specific franchising experience will be invaluable in the due diligence process. They can help a new franchisee produce realistic and viable business plans, reducing the chance of initial under-capitalisation. They can also offer invaluable insights into the industry, making even first-time franchisees appear well versed and sophisticated to the bank or financier – vital when trying to secure funding.

It really can’t be stressed enough how crucial this initial research and planning phase is for a prospective franchisee. Put simply, failing to plan effectively and under-capitalising the business from the outset will lead to a slowing 12 of the cash flow cycle, a short fall in projected sales and limited return on investment. Once these factors come in to play, it’s an uphill battle to get the business back on a level ground.

Unless a franchisee is able to finance the franchise with his or her own funds, a bank or financier must be engaged to arrange a loan. In order to secure the financing required, a well researched, comprehensive business plan must be prepared, including goals and objectives, market position, business strategies and projected turnover.

This document shouldn’t just be viewed as a means to secure financing. A business plan is a blueprint for the business and should be a regularly updated working document that enables franchisees to identify the strengths and weakness of their business. The more detailed this plan is and the more knowledgeable franchisees are of their selected system and store, the more likely they are to secure the financing they are seeking.

If the bank or financier agrees to lend only part of the requested amount, it is vital to step back and reassess the viability of the entire business plan. There will be valid reasons why they are agreeing to only partial funding and it is crucial to understand what those are to ensure they are addressed and amended. Without making a solid case about the implications of under-funding to your banker or financier and simply ploughing ahead with too little initial capital, the likelihood of running into financial problems further down the road is almost guaranteed.

Also, always be up-front with your banker or lender. If the business plan requires a loan of $250,000 for the franchise to succeed, either secure $250,000 or re-plan. Failure to do so can make a moderately successful business look like a failing one when compared back to its original business plan.

The other major factor to consider, and one that is frequently ignored, is the exit strategy for the business. Franchise agreements are generally for a specified fixed-term and having a plan about how to exit the business will not only provide additional reassurance to the bank or financer that the business plan has been carefully considered, but also an exit plan of how and when to sell the business will ensure that the eventual returns are maximised.

It is important to remember that buying into a franchise system is a lifestyle change and will be very different to a typical PAYE job. As the franchise typically has a finite life expectancy it is in the interest of the franchisee to consider all aspects of the running of and ultimately the selling of the business. These not only include keeping a current and thorough set of financial records, but also giving some thought to not only where and when the franchisee will sell, but also how. It doesn’t need to be fully scoped, but consideration of an exit strategy from the outset is strongly recommended.

Ultimately, reaping a good return on investment underpins the running of a franchise. With the right due diligence and a well thought out and thorough business plan capturing as much information as possible about the site itself, goals and objectives, business strategies, projections and exit plans, prospective franchisees should be able to secure the required funding and ultimately have the foundations to run a prosperous business.

Corporation Financial Strategy

March 13th, 2020

A good financial strategy might influence the shareholders to augment the investments in a specific company. In addition to that, this might influence the prospective shareholders’ investing decisions. In order to remedy this problem, every corporation should coordinate the financial strategies as well as all the key operating characteristics.

The Framework of the Corporation Financial Strategy

The financial strategy is more often than not subject to the overall strategy of every corporation. Thus, the corporation financial strategy comprises the investment strategy, the profit distribution strategy, the legal relations strategy as well as the financing strategy.

The strategy has two main components. Firstly, the financial strategy relates to collecting funds that are necessary to a corporation in the most suitable manner. The second aspect refers to managing those funds inside the organization, including here the reinvesting decisions or the distribution of any type of subsequent profits that are created by the corporation. The best possible financial strategy is generally dictated both by the current requirements of the shareholders and the overall strategy of the corporation. The most important objective of every corporation financial strategy should be adding value and this target cannot always be fulfilled by minimizing costs. Thus, every entrepreneur should remember that developing a sustainable and viable advantage for achieving a good rate of return for the most important shareholders.

The Sustainable Competitive Advantage

The main reason of existing for numerous corporations is to achieve an acceptable return rate for the investors and for all the major key stake-holders in the business. This return rate needs to be assessed while appreciating all the risks that are associated with the business the corporation is involved in. It is a fundamental economic principle that all the increased risks should be compensated with high levels of returns.

The Business Decisions

The strategic business decisions needs to be taken according to the pressure that comes from a great range of external as well as internal stakeholders. For the reason that the corporation strategy needs to be always considered in the context of the overall strategy of the company, this can be a subject to all the influences of a high range of conflicting interests.

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