Choose Business Loans over Personal Loans, New Study Says

Having adequate funds is key to running a successful business. Cash is king. Experts have always stressed the importance of building company credit from the very beginning. But when it comes to debt, is there an ideal option? Should you avoid debt all together? Or apply for a personal loan or a business loan? A new study has provided some answers.

After analyzing data found in the Kauffman Firm Surveys Finance, professors Rebel Cole of Florida Atlantic University and Tatyana Sokolyk of Brock University in Ontario found that:

  • Companies financed by personal debt actually performed worse than those with no debt at all.
  • Companies that used business bank loans to finance their launch reported nearly twice as much revenue after three years as a startup of similar size that took on no debt.
  • In addition, that same company financed by personal debt (e.g. home equity loan or personal credit card) had on average 57 percent less revenues than one that hadn’t borrowed.
  • Companies with business debt generated, on average, more than four times as much revenue as one carrying personal debt.
  • When survival rates were compared, it was discovered that the chance of making it past three years was 19 percent higher for business borrowers than for companies without debt.

So, what is the explanation? In Cole and Sokolyk’s opinion, it all comes down to a question of selection. They explained that businesses most likely to succeed are the ones that go to the bank for a loan from the beginning. Because the bank is taking a close look at the business, monitoring their progress and providing mentoring, the borrower’s performance increased.

And why does personal borrowing seem to predict poor performance? Again, Cole and Sokolyk point to selection. If a bank doesn’t feel comfortable to work with a business, they will steer them towards personal debt instead. Cole says this causes a lot of problems. Many entrepreneurs choose to skip the business loan and avoid the complicated process and jumping through hoops, opting for personal debt instead. In the long run, they are not doing themselves any favors.

“It’s really almost a story of financial literacy,” says Cole. “We still have millions of consumers who don’t have a credit score because there’s not enough information about them and their ability to repay a loan. Businesses are much worse, because there are far more of them that don’t borrow in the name of the firm. Probably half of them or more don’t have a borrowing track record.”

Believe it or not, there are alternatives to traditional business funding options and personal loans. Alternative providers specialize in providing high risk business loans. These funding options allow many business types and industries – banks turn away – secure the services and cash they need to operate smoothly, regardless of insufficient collateral and operating history. Bad credit or no credit is also not an issue. If you are struggling to find funding your venture needs to get started, consider seeking alternative …

Homemade Cookies Without Oven Suitable For Those Who Want a Simple and Easy Culinary Business

Most housewives who are not bothered by household affairs, want an activity that generates additional income. Or a housewife who does have a hobby of making a pastry and wanting to start a culinary business that can earn income. Usually the constraints that arise are the cookware needed in making a cake. Why not try homemade cake recipes without oven that just use the cooking utensils that are often used daily.

Every household, usually want a snack that can be provided to entertain guests atmosphere of intimacy can happen or just to snack while watching television. The food provided is usually in the form of snacks or pastries, mostly cake that could be put in a jar and can be closed, if the cake is still a lot, it can be presented again later. It could be a business opportunity for those of you who’s hobby is cooking and baking as culinary business. Friends or relatives who do not like to cook or is overburdened could be a potential prospect.

Hommade cake recipes are not as complicated as imagined, very simple and do not need fancy kitchen appliances, just a covered pan can be used instead of an oven. But there are some things that must be considered in order to make cake (pastry) to be successful.

As for some things to avoid in cooking in pastry making is the use of too much sugar, cake dough processed too long, too little egg white, wrong selection of baking powder, eggs not in room temperature, not smeared on the surface of the cake without topping and last the most important is not directly inserted in the jar when the cake is still hot. Making cakes is simpler but some of these things are very important.

Please try one of the recipes from making cookies chocochip without oven. Ingredients: 100 grams margarine, 200 grams roombutter, 120 grams refined sugar, 340 grams flour, 50 grams cornstarch, 2 egg yolks, 150 grams chocochip, 50 grams milk chocolate powder.

Steps of making: put flour, corn and milk powder through a sieve and then set aside, stir roombutter and sugar until well mixed, insert yolk then stir again until blended. Next, add the flour sieves, milk and cornstarch and stir with the spatula, then insert the chocochip. Take the dough 1 teaspoon, put and arranged sway and not too tightly, then press with a fork. With a small roast fire using a frying pan with a cover until slightly brown. After that, put on the plate and let it cool, just put into the jar and ready to be packaged for sale.

A culinary business is very dependent on the main taste. A cake with a much preferred taste is the beginning of a success. But do not forget that the look of the cake should also be interesting as well as the packaging. In the modern culinary business, in this case in the pastry industry, the display takes precedence as it will attract customers to …

Successful E-commerce: Things That Online Businesses Need

Every entrepreneur is always looking for the most convenient way to approach potential customers. Luckily, the internet has opened several opportunities to bridge the gap between businesses and consumers. It is estimated that in 2016, 1.61 billion people across the globe bought goods online. In the same year, e-retail sales worldwide reached up to $1.9 trillion, and it will even grow up to $4.06 trillion by 2020.

With the right skills and tools, you can succeed in your e-commerce venture. Here are some things you need to run a successful online business.

Web Hosting

E-commerce wouldn’t exist without the web. To tap into the market, you will need a content management system (CMS) provider. Hosting companies can do that for you. Your website will be on their servers, and you will have to pay every month for their service. But if you’re brave enough, you can buy your own server and maintain the CMS yourself.

Fast Internet Connection

As mentioned previously, approaching customers in convenient ways is critical. For online entrepreneurs, a fast internet connection is essential to communicate with customers easily. You may select from a plethora of data plans offered by your local home internet providers. As your business grows, you may even select internet plans that are designed for a corporate setting.

Security

Security is the most important thing you need to remember when running an online business. You will be dealing with personal and financial information. Here are some things you need to check before you start selling goods:

  • Server protection such as firewall
  • Encryption for storing customer data
  • Strong password requirements
  • An SSL Certificate to make transactions more secure

Also, make sure your CMS is constantly updated. Undiscovered bugs might show up soon and make your CMS vulnerable to cyberattacks. 

Backup

Accidents happen in work, and managing an e-commerce is no different. You might accidentally click or tap the wrong button and delete everything you have worked on. Malware and hacking are also risks that you need to prepare for. Invest in storage spaces to backup files, records, and databases. Better be prepared and safe than sorry. 

Shipping Strategies and Methods

Usually, free shipping attracts many customers. You can either set a total amount for customers to pay to get free shipping or use location-based methods. Offering free shipping can give you an advantage over online shops not offering them. Also, keep in mind that you have to choose reliable and reputable carrier companies. Delayed shipments can taint your brand reputation.

There are countless options to choose from when you sell online !

The IT industry provides you with endless possibilities for online businesses. For instance, if you cannot afford to host a CMS yet, you can sell via social media networks. On the other hand if you can invest in something bigger, you can build your own online shopping mobile app. With the right skills and tools, you can withstand many challenges you may face in online entrepreneurship.…

How to Best Apply Multiple Powder Coats

Powder coaters face many challenges as they produce durable, attractive finishes on parts. Different specifications, color-matching, and intended use of the parts all go into the planning and coating processes. Among the biggest challenges is the application of multiple coats to achieve a desired finish. In some cases, a clear coat must be applied to provide extra protection from wear and corrosion. In other cases, two-tone finishes are desired. Candy colors often require a chrome-like base layer to look their best. In this article, tips for applying multiple coats of powder coating will be discussed.

Multiple Coats: the Equipment

In order to achieve the desired finish that requires multiple coats of powder, choosing the right spraying equipment is a primary consideration. Hobbyist powder coating guns may not have the adjustability or the capacity to handle multiple coats. This is due to the fact that the part being coated is insulated from electric charges by the first layer of powder. Professional powder coating services often use a grounding rod to overcome the challenges posed by this insulating layer. To get the best results, professional-level powder coating guns and gear are a must.

Another trick some powder coaters use to overcome the limitations of hobbyist-level guns is to pre-heat the part being coated, then apply a thin second or third layer. The idea behind the pre-heating is that the powder will melt slightly and stick to the base layer. Professionals do not recommend this method, as it can result in finishes that are unsightly and easily chipped or damaged.

Adjusting Voltage for Multiple Coats

Professional-quality powder coating guns are equipped with a means to adjust voltage (called kilovolts, or KV, in the industry). Typically, the first powder coat layer is applied at a certain KV setting, then subsequent coats are applied at a reduced voltage. Often, the second coat is applied at 50% less KV than the first layer. It is a good idea to experiment with KV settings until the ideal setting is achieved; this setting may differ between parts being coated and the type of powder being applied.

Partial Curing During Multiple Coat Applications

For finishes that require multiple layers, particularly for two-tone finishes or those that need a protective clear coat, pre-curing the base layer is a great step to promote adhesion between layers. This also applies for third or fourth coats; between each layer, a partial cure is a step that ensures proper adhesion without peeling or delamination. While the amount of time for a partial cure varies, generally this is about 60% of the required cure time as specified by the powder manufacturer. Timing a partial cure may require an instant-read infrared thermometer, as it is important to start timing the cure only after the part reaches the proper cure temperature.

For chromed finishes, such as the base layer under candy colors, the chrome layer must be fully cured before subsequent powder layers are added. Failure to adequately and fully cure the chrome layer can result in …

Fatal Error In Trading

Trying to use your money in investing in a variety of financial instruments is one way that can lead you to big profits. When you start to control everything related to trading then promising profit can be obtained more easily. But sometimes there are some fatal flaws in trading made by traders, especially beginners who will actually make your business to fail and give big losses.

There are still many traders who are not ready to deal with all the risks and obstacles that must be faced in undergoing trading. A lot of things to consider and well planned to be able to target profit properly. Indeed, the movement of the stock or trading world you can’t control, but with enough planning mature then you can minimize the problem as much as possible. For more information, please visit cfd trading.

The Fatal Error In Trading Comes From The Misconceptions Of The System

No business or investment business has no big risks and constraints. The bigger you give the investment the risk will also be greater. Even so many people who want to run the business because it likes challenges in the world of business and investment. To minimize losses because you can’t overcome the obstacles that are important for you to make the right plan.

You can not unite business problems with feelings, but if you are able to control your emotions will certainly help and smoothen your trading journey. In addition, it should also be known some fatal flaws in trading that is often done by traders and become one cause of the big losses.

Here are the errors that you need to avoid and resolve as early as possible.

  • Overly trust in technical analysis

The analysis will only inform you of previous movements to date and act only to predict what will happen in the future. So basically technical analysis only as a media prediction is not something you can trust completely. It can knock you down easily if not careful consideration and planning

  • Short frame time

Desiring big profits is certainly what traders expect, but to get it, of course, you can’t just use time frame or short price movement data. It will be very risky for the investment you spend. So you need to use real-time in hopes of getting a promising profit

  • Can’t wait for confirmation

When deciding to buy in the support or sell on the resistance, you should wait for confirmation that the position will survive. So your chances of gaining profits will be greater. If you are in too much of a hurry just as you are taking a big risk

Some of the fatal mistakes in trading are not from the system but because of your lack of understanding of the system itself. Running trading is not easy because besides you should be able to predict price movements also need to understand some rules in the system that has been made online. With the understanding and do the proper planning, …