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 …

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Major Points About Liquid Nitrogen Freezing Machine

Buying a liquid Nitrogen freezing machine is a big decision that entails several steps before you can apply to have it. However, in advance to starting your search, it is vital that you take a closer look at the things that your business needs and explore all the potential options accessible to you. After you know what your business really needs, you understand what a Liquid Nitrogen Freezer is capable of providing, you should evaluate if liquid nitrogen is really for you.

Major Points About Liquid Nitrogen Freezing Machine

What is an LNF?

In its most basic definition, an LNF or a machine that freezes liquid nitrogen utilizes Liquefied Carbon Dioxide at -196 degree Celsius to freeze ingredients or food. When the food is stored inside this machine, its cellular structure is not totally destroyed. As a result, the moisture is kept inside and prevented from being completely lost.

But, if the liquid nitrogen comes in contact with the cellular structure, there is a great chance that the content will be totally damaged and can no longer be used. One of the major benefits of using LNF is that it can rapidly freeze contents at a fast pace. If not properly executed, there is a possibility that what you intend to get frozen will be damaged along the way inside the machine.

Liquid Nitrogen Freezing Machines vs. Liquid Based Freezers

As a businessman, it is your responsibility to find out all the potential options when investing in your business. With the advancements in technology, there are various ways and safer methods on how to rapidly freeze your products or inventory. Another popular contender that could very well challenge the capability of a liquid nitrogen machine is the Liquid-based freezer.

In terms of speed, both the alcohol-based liquid freezer and the liquid nitrogen freezing machine has the same …

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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 …

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Building the Right Office for Your Needs

Building and furnishing an office can be difficult if you’ve never been responsible for one in the past. You’re going to have to deal with everything from materials to how much room should you have for potential workers. Look into each of these different aspects of creating your office.

Building the Right Office for Your Needs

Furniture

It’s important that you figure out early on what kind of furniture you need for the environment you’re looking for. An example of this would be having comfortable seating for the public like couches if you’re an insurance agency that will constantly be having customers from the general public coming into your office on a daily basis. Additionally, you’ll want to have comfort for your workers by giving them quality office chairs that won’t break easily while still feeling good on their back after a long workday. Make sure that you fully settle what furniture you want when you are building your office.

Kitchen

More people than ever are starting to bring their own food from home rather than eating out since it can be more easier to eat healthily plus you save money. To entice workers to join your company, you’ll want to ensure you have the right kitchen for them. This means that you’ll first want to start off by getting the right fridge. If you’re a small company, you might be ok with a normal fridge that you would find in a typical home. If you grow in size, however, you might want to think about upgrading to a double fridge that’s typically seen in restaurants to hold all of their cold food in so everyone can have a cold meal inside ready to eat. Many of the meals your employees bring in will be ok to eat out of the bag, but some bring meals that …

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Choosing a Towing Service When You Need Help

There are times when a vehicle just quits working and there is nothing that you can do about it. There are times when you are driving along on the highway and you notice that some component of your vehicle is not doing its job and that it is affecting the whole vehicle and messing with the way that it drives. It is important for you to know who you can turn to for help in those times when your vehicle is not working like it is meant to work. You have to know who can come and haul your vehicle to an auto shop when it stops running in the middle of nowhere. It is important for you to have a towing service that you can rely on, one that is going to come to you no matter what time it is and get your vehicle to someone who can work on it. 

Choosing a Towing Service When You Need Help

Look for a Towing Service that is Available All Through the Night: 

You want to know that you will have towing help available to you no matter what time it is. You do not want to have to check the time before you can figure out if someone will come and tow your vehicle for you or not. It is important for you to find any 24 hour towing services thornburg va to help you out. 

Look for a Towing Service that Will Get to You Quickly: 

You do not want to wait with your vehicle at the side of the road for a long period of time. It is important that you rely on a towing service that will come to you quickly and get your vehicle moved. It is important that those you rely on will work hard to get to you as soon …

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