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.