While all or most of us may have savings, there are certain unexpected expenses which we may not want to dip into our savings to cover. This could be anything from needing a new computer because this one has finally given up on you or your furniture desperately needs to be replaced as it has seen too many wrestling matches between the kids and the dog.
Having grown up watching my father and uncles run their construction business, I had an early exposure to the world of entrepreneurs. As a result, I have always enjoyed the freedom and challenge of having and running my own business as well. There was a time when starting a company was no easy task. The process usually involved a lawyer, took much longer and was far more expensive. You can still hire a lawyer to setup your business for you today, but luckily for us, there are online services that can take care of everything in a lot less time.
There has been much fuss made in the business world lately, around the advantages in forming a “Limited Liability Company” (LLC) for small to medium businesses. I for one started out in the tough-but-rewarding world of entrepreneurs as a sole proprietor of a small gardening blog that eventually scaled up. In the process of scaling up I came across a lot of information, from speaking with friends who were also entrepreneurs about the benefits of forming a LLC.
Trying to get a loan can be such a harrowing experience sometimes – especially if you aren’t familiar with everything that is involved in getting one. I recently realized how little I know about loans when I needed to get a personal loan. So I started the process by trying to find out as much as possible about personal loans, and how to go about getting one.
It isn’t easy navigating your way through the plethora of home loans available when you want to buy your new home but don’t have the wherewithal to pay the total amount upfront. You may find it quite bewildering to learn about the different types of mortgage loans, the terms and conditions, interest rates, repayment terms and penalties, eligibility criteria and so on. So your best option may be to check out the most popular mortgage loans available, as they are likely to be the least complex to understand.
Most of us tend to think of loans only when we suddenly need money. And so we focus on a very specific loan type based on our immediate requirement, instead of thinking of the variety of loans that are available and whether a different type of loan may be more beneficial for us. So it may be wiser to learn about the different types of loans available, the terms and conditions, eligibility criteria and penalties before you decide on which one to apply for.
Nowadays, running out of checks probably doesn't happen too often. The number of checks written out by people fell by more than half between 2000 and 2012, according to a Federal Reserve study released recently. But, when you finally do use up that last check, you may be hit with quite a shock. Checks ordered through your bank can cost $25 or more per box. But, you can search the Web for cheaper checks (and more personal designs) as long as you ensure the check printing company is a reputed one.
A quick survey of online prices for standard checks shows that you can easily save a lot by ordering through a third-party vendor. If going to a third-party vendor, rather than to your bank, makes you insecure remember that banks don't really print checks themselves anyway. They send your check order to a third-party printer, say Deluxe or Harland Clarke. By going to an outside vendor, you're really cutting out the middleman.
Whether you’ve just recently started out as an entrepreneur or have been in your business for over a decade, you have at some point had a vision of what sort of structure you wanted your company to be. In the case of many small businesses, owners tend to be sole proprietors in which they and their business is one and the same.