Learn About Boat Financing So You Can Finance the Boat of Your Dreams

Understanding what’s involved in boat financing can help you get better loan
terms and a better boat for less money that you would have otherwise. Who
doesn’t want to get more boat for less money?

Financing your boat purchase is a lot like financing your house or car purchase.
It’s a huge financial commitment and not one that should be taken lightly at all.

You’ll want to use a lending company that has experience in financing boats so that
they can deliver quality service to you and help you get what you want for the money
you want to spend.

A knowledgeable lender will help you determine if the boat you are considering
purchasing is even worth the price being asked.

Just like you would for the boat itself you want to shop around and check out
various lenders that may be able to help you with your boat financing. You’ll
find that all boat lenders are not created equal.

You want to get the best interest rates, loan terms and advice that’s available.

Know yourself when you begin looking for boat financing. What do I mean by this?
I mean know your credit history, for starters. Knowing your credit history and
credit score will really help you get the best terms you can get. If you have
a great credit score, this is a big advantage in your favor when shopping for
the best terms on your boat financing.

Your current employment will also play a big role. The longer you’ve been at
your current job and the more stable that job is, the better financing you’ll
be able to get for your boat.


2013 Is Your Year To Try Some Personal Finance Software

Managing your personal finances is considered to be one of the hardest things to do. The good news is that you can now easily deal with the stress that is usually characteristic of budgeting or managing personal finances. All you need to do is to start using personal finance software. A nice feature about the software, is that it has helped many people stay on track to reach their dream of financial freedom.

What is Personal finance software?

It is simply a financial tool designed to assist you in preparing budgets, tracking expenses as well as providing an overview of all your finances. This is important because at any given time, you can tell at a glance, exactly how you stand from a monetary viewpoint. The software features a variety of functions and capabilities which collectively make it easier for you to manage your finances. Consequently, you will be able to save on both time and money. It also helps keep you organized and ensures that you are not mired in debt.

Other great features of most software designed to handle personal finance include:

  • Financial analysis: With a little accounting background you will be able to analyze your finances unaided. In fact, using the software you will be able to carry out detailed analysis of your finances. As a result you will have a better understanding of your monthly expenses among other things. Furthermore, personalization of the finance program will allow you to create specialized analysis from which you will have a better understanding of how you actually spend money on a monthly basis.
  • Budget creation: Using your basic information, the software will help you come up with a simple and realistic budget that you can easily use and stick to.
  • Keeping track of your finances through checkbook balances and bill payments.

When using the software, you will get notifications reminding you to make payments. This will help prevent having interest rates shoot up for failure to pay bills on time. You will also be able to easily balance your check book. In the process, you will discover any amounts withdrawn from your account for any suspicious activities. From all this you will have a better understanding of how your finances are fairing.

Personal finance software has already proven to be a very effective way to keep track of finances for many individuals. With your commitment to start using it in 2013, you will become more productive with your money and on your way to reach financial freedom!


How To Raise Money to Start Business and Where to Get Money for Business

The common questions for anyone who want to start business are: How to raise money to start business, and where to get money for my business?

To raise money to start business is not as difficult as most people seem to think. This is especially true when you have an idea that can make you and your backers rich. Actually, there’s more money available for new business ventures than there are good business ideas. We will help you for where you can get money for business.

A very important rule of the game to learn: Any time you want to raise money, your first move should be to put together a proper prospectus.

This prospectus should include a resume of your background, your education, training, experience and any other personal qualities that might be counted as an asset to your potential success. It’s also a good idea to list the various loans you’ve had in the past, what they were for, and your history in paying them off.

You’ll have to explain in detail how the money you want is going to be used. If it’s for an existing business, you’ll need a profit and loss record for at least the preceding six months, and a plan showing how this additional money will produce greater profits. If it’s a new business, you’ll have to show your proposed business plan, your marketing research and projected costs, as well as anticipated income figures, with a summary for each year, over at least a three year period.

It’ll be advantageous to you to base your cost estimates high, and your income projections on minimal returns. This will enable you to “ride through” those extreme “ups and downs” inherent in any beginning business. You should also describe what makes your business unique—how it differs form your competition and the opportunities for expansion or secondary products.

This prospectus will have to state precisely what you’re offering the investor in return for the use of his money. He’ll want to know the percentage of interest you’re willing to pay, and whether monthly, quarterly or on an annual basis. Are you offering a certain percentage of the profits? A percentage of the business? A seat on your board of directories?

An investor uses his money to make more money. He wants to make as much as he can, regardless whether it’s short term or long term deal. In order to attract him, interest him, and persuade him to “put up” the money you need, you’ll not only have to offer him an opportunity for big profits, but you’ll have to spell it out in detail, and further, back up your claims with proof from your marketing research.

Venture investors are usually quite familiar with “high risk” proposals, yet they all want to minimize that risk as much as possible. Therefore, your prospectus should include a listing of your business and personal assets with documentation—usually copies of your tax returns for the past three years or more. Your prospective investor may not know anything about you or your business, but if he wants to know, he can pick up his telephone and know everything there is to know within 24 hours. The point here is, don’t ever try to “con” a potential investor. Be honest with him. Lay all the facts on the table for him. In most cases, if you’ve got a good idea and you’ve done your homework properly, and “interested investor” will understand your position and offer more help than you dared to ask.

When you have your prospectus prepared, know how much money you want, exactly how it will be used, and how you intend to repay it, you’re ready to start looking for investors.

As simple as it seems, one of the easiest ways of raising money is by advertising in a newspaper or a national publication featuring such ads. Your ad should state the amount of money you want–always ask for more money than you have room for negotiating. Your ad should also state the type of business involved ( to separate the curious from the truly interested), and the kind of return you’re promising on the investment.

Take a page from the party plan merchandisers. Set up a party and invite your friends over. Explain your business plan, the profit potential, and how much you need. Give them each a copy of your prospectus and ask that they pledge a thousand dollars as a non-participating partner in your business. Check with the current tax regulations. You may be allowed up to 25 partners in Sub Chapter S enterprises, opening the door for anyone to gather a group of friends around himself with something to offer them in return for their assistance in capitalizing his business.

You can also issue and sell up to $300,000 worth of stock in your company without going through the Federal Trade Commission. You’ll need the help of an attorney to do this, however, and of course a good tax accountant as well wouldn’t hurt.

It’s always a good idea to have an attorney and an accountant help you make up your business prospectus. As you explain your plan to them, and ask for their advice, casually ask them if they’d mind letting you know of, or steer your way any potential investors they might happen to meet. Do the same with your banker. Give him a copy of your prospectus and ask him if he’d look it over and offer any suggestions for improving it, and of course, let you know of any potential investors. In either case, it’s always a good idea to let them know you’re willing to pay a “finder’s fee” if you can be directed to the right investor.

Professional people such as doctors and dentists are known to have a tendency to join occupational investment groups. The next time you talk with your doctor or dentist, give him a prospectus and explain your plan. He may want to invest on his own or perhaps set up an appointment for you to talk with the manager of his investment group. Either way, you win because when you’re looking for money, it’s essential that you get the word out as many potential investors as possible.

Don’t overlook the possibilities of the Small Business Investment Companies in your area. Look them up in your telephone book under “Investment Services.” These companies exist for the sole purpose of lending money to businesses which they feel have a good chance of making money. In many instances, they trade their help for a small interest in your company.

Many states have Business Development Commissions whose goal is to assist in the establishment and growth of new businesses. Not only do they offer favorable taxes and business expertise, most also offer money or facilities to help a new business get started. Your Chamber of Commerce is the place to check for further information of this idea.

Industrial banks are usually much more amenable to making business loans than regular banks, so be sure to check out these institutions in your area. insurance companies are prime sources of long term business capital, but each company varies its policies regarding the type of business it will consider. Check your local agent for the name and address of the person to contact. It’s also quite possible to get the directories of another company to invest in your business. Look for a company that can benefit from your product or service. Also, be sure to check at your public library for available foundation grants. These can be the final answer to all your money needs if your business is perceived to be related to the objectives and activities of the foundation.

Finally, there’s the Money broker or Finder. These are the people who take your prospectus and circulate it with various known lenders or investors. They always require an up-front or retainer fee, and there’s no way they can guarantee to get you the loan or the money you want.

There are many very good money brokers, and there are some that are not so good. They all take a percentage of the gross amount that’s finally procured for your needs. The important thing is to check them out fully; find out about the successful loans or investment plans they’re arranged, and what kind of investor contacts they have—all of this before you put up any front money or pay any retainer fees.

There are many ways to raise money—from staging garage sales to selling stocks. Don’t make the mistake of thinking that the only place you can find the money you need is through the bank or finance company.

Start thinking about the idea of inviting investors to share in your business as silent partners. Think about the idea of obtaining financing for a primary business by arranging financing for another business that will support the start-up, establishment and developing of the primary business. Consider the feasibility of merging with a company that’s already organized, and with facilities that are compatible or related to your needs. Give some thought to the possibilities of getting the people supplying your production equipment to co-sign the loan you need for start-up capital.

Remember, there are thousands upon thousands of ways to obtain business start-up capital. This is truly the age of creative financing.

Disregard the stories you hear of “tight money,” and start making phone calls, talking to people, and making appointments to discuss your plans with the people who have money invest. There’s more money now than there’s ever been for a new business investment. The problem is that most beginning “business builders” don’t know what to believe or which way to turn for help. They tend to believe the stories of “tight money,” and they set aside their plans for a business of their own until a time when start-up money might be easier to find.

The truth is this: Now is the time to make your move. Now is the time to act. the person with a truly viable business plan, and determination to succeed, will make use of every possible idea that can be imagined. And the ideas I’ve suggested here should serve as just a few of the unlimited sources of monetary help available and waiting for you!

Now you should get idea for how to raise money to start business, how to get money for business, and where to get money for my business.


Business Planning in Five Minutes

I love small business.

According to the New Zealand Statistics Department as at 2008 there were 480 thousand businesses in NZ. 97% of these are Small businesses – that means roughly 460 thousand business run by passionate people who have the audacity to RISK capital, borrow against their houses, HIRE Staff and contribute to the economy because they think that they can ‘give it a bash’.

The interesting thing about this is that approx 40% of the Kiwi tax take comes off the back of these small businesses and the PAYE from the people that work for them. This means that we all have a vested interest in ensuring that small business is given a fair go as they do actually pay a portion of your Education… your health and your social welfare in New Zealand.

Unfortunately the cards are pretty well stacked against small businesses

– Small Businesses are amongst the most heavily complied organisations in New Zealand – get this… Small Businesses are subject to the same amount of legislation that huge corporates are subject to – ACC, OSH, Tax Compliance, Health and Safety, etc etc -the only difference is that BIG business have staff that are dedicated to sorting and navigating these issues
– Unions find small business easier to pressure and Bully
– Greenies hate small business because they think that small business only exist to steamroll the environment….
– And not to mention the Business Consultants Industry…you will find no shortage of consultants, academics, agencies whose main aim seems to be to find small businesses and educate them on HOW much they don’t know, confuse them and then offer assistance in the form of incredibly high fees and EXTRACTION of what little resources that SMEs have… and all the while continuing to confuse and create more work

The purpose of this article is to let you know that business planning and small business development is a very simple process and that there are in fact no tricks, secret techniques or special qualifications (apart from having been there, done that). This is excellent hands on advice for any business who finds themselves in need of any help due to underperformance.

Business Planning is a dry subject – its almost guaranteed to put some people to sleep. HOWEVER there is only one reason that businesses fail. Ask 8 different experts and you will get 8 different answers -CASHFLOW being the favourite, wrong location, wrong car, wrong logo, wrong staff and so on – however I put it to you that the only reason that businesses fail is the inability or reluctance of Business OWNERS to plan – WHY – Because somehow they have been told that its a HUGELY COMPLEX, COMPLICATED process which involves many experts and professionals to assist You.

IF you are like me you hear this and the first thing you do is think the cost? and you tend to brush over or ignore the need to plan…. Yet if businesses only knew the truth that PLANNING is simple and can accelerate you on the path to a healthy viable business…. then I suspect we would see fewer businesses facing the wall

Here is a simple formula to assist your busienss planning



The first part of your plan – Questions to ask yourself (and write down the answer to!)
– Why do i want to do this business
– What does my business look like the day that I exit
– How much money do I want to make
– How will the world be changed if I do / don’t start this business
(A CONSULTANT will spend days on this stuff making it airy / fairy as possible and using fancy terminology – however at the end of this step you will have a vision, mission statement goals and objectives)


Game plan – Just like a coach before the big rugby game you cover the GAMEPLAN – today’s game is all about KICKING – putting pressure on and advancing on the opposition mistakes.
YOUR business game plan is what the academics call your strategy. Our premise is to use a couple of questions under the following 3 headings to sort out your strategy

Operations (that’s what you do eg. A Painter – paints houses, A lawn mower man mows lawns)
The questions are: How can I do this quicker? How can I do this better? How can I do this less expensively?

Marketing – How am I going to remove every possible OBSTACLE that gets in the way of selling my service or product successfully?

Keeping Score – What you can’t measure you c ant manage – What am i going to measure – OK financial results are good (cash flow forecast, budgeting P+L) but how about number of phone calls, how many lead to sales, HOW long does it take to do a job in July, in January, In December – etc etc- what you don’t measure you can’t manage.


What specific steps do I need to do today (or any given day) to advance my business closer to some of that stuff we outlined when we were thinking about the business?


These talk for themselves and are generally a sum total of your thought, strategic focus and the actions you are taking.

So that’s it really about BUSINESS Planning – this approach is excellent for those wanting to work on your business to GET you the owner to FOCUS on your business…please don’t let anyone tell you that Business Planning is a highly Complex exercise…..they will probably have a reason for telling you this

To recap…
1. The only reason that business FAIL is a reluctance to PLAN – ‘ Fail to Plan – plan to fail
2. Its never too late to start planning – Whether you are in your 20th year or just starting Do it
3. Remember the Formula – THINK + GAME PLAN + ACTIONS = RESULTS

In New Zealand it is too easy to get into business so give yourself the advantage of a little pre business planning to make sure you get a jump ahead of your competitors