Various Sources of British Finance

Various Sources of British Finance

Finance is very important for all types of businesses especially if you want to make a business successful then you really need a good amount of finance to help you. if you have started a business in the UK then getting finance won’t be a problem for you because UK Finance is available in almost all types and forms. Whatever your needs, you will always be able to find a good financial source for you. Companies that offer financial services in the UK covering all sectors. You will find a UK leasing finance company, a British debt collection financing company and a UK financial company that offers venture capital to you.

Various Sources of British Finance

You will also be able to get a company that will help you arrange and buy rent for you. The information technology sector has most of the facilities regarding finance. To finance or buy technology instruments, you can ask for help from Corporate Computer Lease Plc. The company has been labeled as one of the fastest growing companies in the UK and currently serves more than 500 satisfied customers every day.

You will get a company that will fund you for the hardware as well. several diversified corporate services that provide financing for small businesses, industries and agricultural operations. One such company is named Richard Mares Asset Finance, which handles all finance for the agricultural and industrial sectors. If you are looking for a company that will help you with financing equipment rental, or you are looking for help in a mortgage or commercial finance, then you should approach it. Another good choice that you have with you is the First Leasing Company. You can visit their website to see various types of finance offered by them. If you want to get finance above A5,000 then companies like 1 noon are best suited for you because they meet your needs correctly.

If your financial needs are related to factories or industrial machinery, then you should contact Corporate Business Finance. They will provide finance for purchases, leasing, capital, factoring and mortgages.

Those who are just starting a business in the UK usually find it difficult to get financial assistance because all financial companies prefer to finance established companies. However, there are certain companies like Oak Leasing that serve the needs of new businesses very well.… Read More

Those Colossal UK University Tuition Fees – Steps You Can Take to Avoid a Lifetime of Miserable Debt

Those Colossal UK University Tuition Fees - Steps You Can Take to Avoid a Lifetime of Miserable Debt

Every youngster will be aware of the hike in UK University Fees from 2012. On top of these steep tuition fees the average student has annual living costs approaching A6,000. Expect a debt approaching A15,000 for each year spent at University.

Our government will cancel all student debts 30 years after graduation. So why not go to University, enjoy yourself and then earn less than A21,000 per annum so you will not be expected to pay off the debt. Think of part-time work or being a child-minder or a Carer. (Perhaps this is a daft idea, it is certainly not what I would choose for my own children.)

Those Colossal UK University Tuition Fees - Steps You Can Take to Avoid a Lifetime of Miserable Debt

Nobody wants a massive debt form tuition fees when they start their working life, so here are some practical steps that can be taken to reduce it:

Choosing a 3- or 4-year course? Scottish Universities have the same yearly tuition fees as the English but 4-year courses are common. Your choice may not be too difficult here – three lots or four lots of A15,000 debt to get the same degree?

An increasing number of Companies are taking on A-level students and paying them through University – the Armed Forces have always done this and they have now been joined by some accountancy, pharmaceutical and retail companies.

What about getting a job and studying Part-time with the Open University? Their tuition fees can be quite generous for those with low paid jobs.

Match your course choice to the ‘skill-shortage’ areas in different parts of the world such as Australia. This will certainly improve your job prospects.

Consider a degree course over in Europe. Many of their courses have much lower University Fees and luck for us, many are delivered in the English Language.

The two obvious debt-killing ways are:

Keeping those living costs down during your student days, and

Joining a course with a good job rate and a decent wage

Many students live at home; many live away from expensive centres such as London. Lots take on Holiday work and Part-time jobs in term time.

Perhaps the most important idea is to get on a course with good debt-killing potential. Few youngsters are told how to find these courses. It’s no wonder when a lot of published information is so misleading:

One example is the University League Tables, which are partly based on job ‘prospects’ – beware of such vague ideas, ‘prospects’ do not earn a wage!

A second deceptive example is the constant reference to our top twenty or top ten Universities. Many of these Universities seem to appoint themselves based on entry qualifications, without any recognition of success in terms of employment, or debt-killing potential.

Not enough credit is given to the value of the course – the course is usually more important than the University.

Not going to University at all? Then you might find these two excellent websites helpful: Notgoingtouni, and Apprenticeships.… Read More

Is There Funding For New Ideas and Companies?

Is There Funding For New Ideas and Companies?

As a business consultant, I see more entrepreneurs not able to obtain funding than I see entrepreneurs obtaining the necessary money to see their ideas transformed into a viable business. This difference is very large. It maybe one idea is funded for every 10 that go unfunded but it may be as high as 1 is funded with 100 never obtaining a nickel. This kind of difference and the struggles of the entrepreneur who is frustrated by not ever seeing his idea transformed into reality and making him rich, prompts the question; is there enough funding for new ideas and companies? How one market’s the idea can sometimes be more important than the idea when it comes to obtaining venture capital.

The entrepreneur would quickly and resoundingly answer the question with a “no”! Many entrepreneurs have a hard time or are unsuccessful in getting money. Their idea is not the problem; it is that there is not enough funding available. The reality is that making additional money available to this group of entrepreneurs who have been unable to secure funding, will not create more companies and in turn more jobs. How can this be?

These ideas, that are not funded, whether for a service or a product, are really not “better mouse traps” or the entrepreneur is seen by potential investors as unable to successfully implement or allow the things required to be delegated to achieve a successful venture.

Most people do not appreciate how hard it is to provide a service or make a product, inform their target market about the product, get the product or service to the person who wants to use or buy this service or product and finally make a reasonable profit while doing and paying for all the previous mentioned tasks. Some entrepreneurs fail to factor in what capacity and talent would be needed to accomplish the launch of their idea.

Entrepreneurs become passionate about their idea, as they should, but they also need to be realistic. Just because you can produce a fuel for the combustion engine that is made from a renewable source, and will not cause pollution why would people pay $10 a gallon for it when they can get a petroleum based fuel for under $3 a gallon?

Would you invest your money into a company the produces a product that the consumer is willing only to pay $15 for and it costs the company $30 to make?

What about the entrepreneur who has a unique product everyone wants but the entrepreneur does not know how to delegate? He is brilliant and can do everything better than anyone else. No one else can do a task well enough to satisfy this entrepreneur! This entrepreneur needs to make the sales call, make the product, ship the product, and do all the administrative tasks. The company can make, sell, invoice or collect enough to make the company viable. This is an example of a great idea headed nowhere.

The entrepreneur’s … Read More

When Funding Becomes Necessary

When Funding Becomes Necessary

There may have been times when as an early stage entrepreneur or someone who wanted to start a business, but hadn’t, you’ve felt the need for some capital to help you get going. It may surprise you to learn this, but you’re in good company. Many people in various stages of their businesses have felt this way.

There are five standard ways in which businesses obtain the funding they need. In the recommended order, they are 1) Family, 2) Friends; 3) Banks; 4) Business Angels; and 5) Venture Capitalists. All of them share certain characteristics to a greater or lesser extent.

First, they’ll want to understand your business plan. That is, they’ll want you to convince them that if they invest with you, their money will be spent carefully and only on necessities; not frivolities such as new equipment or cars that could all be obtained second hand. Some will even object to funding your salary!

Families and friends probably won’t need a plan that’s as detailed as that which a bank or venture capitalist might want.

Second, they’ll want to minimize their risk, sometimes referred to as exposure. Some won’t expect anything from you except your promise that you’ll do everything thing you can to preserve what they’ve given you. Others will expect you to mortgage yourself to the hilt so that you will think twice about pulling out if things don’t work out as you had planned.

Third, they’ll want a return on their investment. The word Invest implies that the amount you’ve been loaned will grow beyond its current size. Friends and family will probably accept less over a longer period of time than the others. Venture capitalists can expect a fifty percent or more return on top of the loan within a few years. That’s one reason why investments by them aren’t made nearly as often as the other four.

Fourth, they’ll want an attractive exit strategy. That means that they’ll want to limit the time during which you will have their money. They’ll want you to pay back the loan with the extra they have earned in a reasonable amount of time. Some will be satisfied with that; others will want a seat on the board or even a share of the business. In that case, they’ll want to receive a percentage of the profits over and above their investment for a certain period after the investment has been made. The length of time they decide to retain their share will vary from investor to investor.… Read More

New Small Business Lending Sources For Commercial Loans

New Small Business Lending Sources For Commercial Loans

It has become a routine occurrence for small business owners to be told by their current commercial lender that it will be necessary to seek another source for commercial loans and working capital. Although banks and other business lenders have made a pointed effort to portray themselves as lending normally, very few business owners are likely to agree that there is anything normal about obtaining financing from current business finance programs.

Because current commercial lending conditions have become so difficult, I published several earlier articles which addressed some of the problems that commercial borrowers are experiencing when they attempt to obtain working capital financing and commercial loans. For example, one of these commercial finance reports described the unfortunate possibility of firing your banker as one of several guerrilla financing techniques that might be required for a small business to survive in the face of extreme business banking conditions.

Certainly I would not advocate the guerrilla financing tactic of firing your bank and your banker if there were not suitable alternative sources for small business loans. At the same time, it would not be realistic to suggest that there are one or two obvious business lending sources that will solve the working capital needs for all businesses in need of help.

In reality the search for new commercial lending sources must start with an admission from a small business owner that they do in fact need to find a new source for commercial loans. Identifying the most likely alternatives can be accomplished in several ways but one of the most effective approaches will include detailed discussions with commercial loans experts that are experienced in nationwide business financing similar to what the business owner currently needs.

The best commercial finance solutions will depend on the business location, type of financing, kind of business, operating history and size of loan desired. Some of the most realistic sources for small business loans are operating regionally rather than nationally. A key point for business owners to remember is that there really are a number of viable and effective commercial lenders that are currently active in making commercial loans to businesses that are in desperate need of commercial financing.

In addition to the advice contained in this article, small business owners should not hesitate to review business finance resources such as The Working Capital Guide, a free online publication which focuses on working capital management strategies. Additionally commercial borrowers should quickly locate a commercial loans expert that is capable of providing appropriate help for their specific business financing situation.… Read More

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