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The Advantages of Venture Capital Vs Bank Loans

Venture Capital isn’t the only answer. But it’s one of very few answers if you want to take your business to a materially different level. Many other financial routes are closed off in the current climate and non financial adjustments, whilst potentially positive, will not have the same impact.

Recruitment attracts entrepreneurs. The UK is without doubt one of the global hubs for recruitment. There are more agencies in London than there are in the whole of the US, but that does make it difficult to stand out from the crowd.

Venture Capital vs Bank Loans

Taking a significant step forward with a business usually requires some sort of investment and in general there are 2 recognised financial routes. The first is a bank loan and the other is venture capital (or private equity).

If you pursue the bank loan route bear in mind, as a recruitment company is not an asset backed company (apart from its debtors which normally attract finance for working capital) it’s never been easy to borrow money against a recruitment companies future profits, given that the assets leave the office at 6pm every night and hopefully return the next day.

Traditional banking has never been more difficult than it is now. There are many reported cases in the last few years where companies have borrowed from a bank, have been able to repay the interest but have been in breach of the long list of banking covenants. These covenants are scrutinized intensely by super-keen analysts, who seem all too ready to press the alarm bell, sending in the bank’s friendly business support team. In turn, this often leads to them calling in the administrators… and the rest is history… in many cases.

Undoubtedly the dangers of obtaining bank loans have never been greater, peppered with high charges, conditions, key ratios and draconian penalties, if you can get past the hurdle of getting one in the first place.

The alternative method of raising finance is by attracting an investor such as a venture capitalist, whereby you sell a piece of your equity in return for long term investment. However, this is hardly a piece of cake either. Nevertheless, it’s generally regarded as the best credible alternative to a bank loan.

Benefits of Venture Capital Specialist;

Knowledge; If you choose a venture capitalist with experience, or preferable a focus, in your chosen market you will gain a partner with considerable insights and practical experience.

Advice & Mentoring; Their expertise will be extremely useful in terms of acquisition or strategic advice, management infrastructure, succession planning and of course exit. If you haven’t been part of an exit before, an experienced partner will be invaluable, both with practical advice, business preparation and contacts in the market. They’ll then not only add value in general but will unlock the value of the equity, a specific skill which many owners don’t yet have, because they haven’t needed to.

Understanding; The right VC partner will take the time to understand your business. …

What Does a Legal Cashier Do? Choosing the Right Law Job

The legal cashier’s job can be ideal for someone who finds the idea of working for a solicitors or law firm appealing but doesn’t have the experience or desire to work directly on legal matters. Normally a legal cashier is responsible in one form or another for the finances of the company. As the financial needs of solicitors and law firms are quite unique, a niche has opened up for those with the skills and expertise to carry out these kinds of jobs.

There are a number of different jobs which could be described as a legal cashier:

Legal Accountant – The responsibilities of a legal accountant are in many ways similar to a traditional accountant however there are some distinct difference unique to the industry. For example the large transfers of money for house purchases and legal fees are quite different to that of a traditional business. Though the tasks carried out by a legal accountant may differ from other industries many of the skills required to carry out the role are quite transferable.

Financial Controller – typically a financial controller has a lot more strategic role than a legal accountant, they might not be as involved in the day to day, invoices, payments and bank reconciliations but are still heavily involved in how a legal firm manages it finances.

Accounts Manager – This might be a role for someone working within a legal firm who has extensive accounts experience yet isn’t a qualified accountant. They don’t have the legal ability to carry out accounts like their professionally qualified colleague but might still carry out very similar tasks on a day to day basis.

Practice Manager– a far more administrative role typically, though it may still involve aspects of a finance common to most legal cashier roles. A Practice manager would normally have responsibility for the teams responsible for the administration and non legal functions of the firm.

Legal cashiers can also often be given the responsibilities within a company beyond the financial. These tasks often include

Marketing– while legal firms might not instantly seem like they require a great deal of marketing just like every business they need new customers. For most firms they would never reach the size where they could afford or justify a full time member of staff dedicated to marketing the firm. However often the responsibility of attracting new customers can be passed to someone with the appropriate skills. Often a legal cashier has just the right mix of abilities and enthusiasm to be given the task of marketing.

HR – the responsibility for human resources is another important part of a business which a small legal firm may not be able to dedicate a member of staff. As legal cashiers often manage a large number of the firm’s staff often HR can be allocated to them.

Administration – the amount of paper work and administration that a team of practicing solicitor can create is surprising. Consequently there is a team of …

What Do Tourists Spend Their Money For?

The chase for live emotions and impressions is the main item of expenditure for travelers. This is proved by the results of a research of a tourist auditory, during which 5 916 people have answered the question: “On what do you mainly spend your money during the trip?”

36{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of the respondents have answered that the significant part of the finances assigned for the period of traveling is spent for paying for excursions and other cognitive events. Tourists are ready to spend actively their savings abroad, if only there are lively unforgettable recollections left in their memory.

The second in the list of popular expenses is entertainment. 27{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of tourists prefer spending their money on the places of entertainment and bright night-life.

24.9{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of the holiday-makers set apart the major part of their monetary means for shopping and purchasing of souvenirs. Women have chosen this variant 3.6 times more often than men. As is well known, the representatives of the weaker sex are not only subjected to the shopping mania, but also, as a rule, namely they have to keep in their heads the long list of all the relatives and friends, to whom they should bring some souvenirs from the “beyond the sea” countries.

For some people a trip to a foreign country is a possibility to get acquainted with the unknown culture, one of the brightest traits of which is national cuisine. 9.4{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of the respondents were turned out to be gourmands, because the major part of their money during a trip they spend on the food. Despite this, during the visits to Turkey or Egypt, the most attractive for tourists still remains the All Inclusive system, which allows them to forget about the existence of money, at least, at the territory of the hotel.

Instead of the common excursions many enthusiasts prefer to rent a car or to buy tickets for moving across the country and to explore the local sights by themselves. 2.8{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of tourists, mainly the young people, who are 20-25 years old, have answered that the major part of their financial means during the trip is spent for the transport.

With the recent dollar value decrease there are even lists of locations where a dollar-owner could spend a vacation These locations are also interesting, because they are quite parallel in quality with well-known locations, but are less popular and much more cheap.

Whatever are the expenses you are planning during your next holiday, will it be an interesting excursion, a trip on a rented car, or grand delicacies, there is only one advice: do not deny yourself the deserved pleasure. Money exists for spending, and during a trip we enjoy spending it more than ever.…

The Pros And Cons Of Funeral Insurance

Funeral insurance, also known as burial insurance is a type of insurance created to pay for the costs of memorial and internment services. Nowadays, many people especially those who are not getting any younger are getting funeral insurance to deal with the costs of burial and funeral services when they die.

Most of these people do not want to leave any type of burden, especially financial burden, to their loved ones. Some of the costs covered by insurance policies are cremation, burial, plots, music, flowers, taxes and even medical costs. Before purchasing funeral insurance, an interested person must consider things such as the location of the cemetery, arrangement and expenses of the funeral, cost of cremating and buying caskets or urns.

Aside from these considerations, he must also determine the advantages and disadvantages of this kind of insurance:

Cash to Shoulder the Funeral Arrangements. The insurance company will give the grieving loved ones lump sum cash that they can use for funeral arrangements. The amount of cash usually depends on the type of funeral insurance policy that the dead relative has purchased.

A Car to Make Funeral Arrangements. While the family members are on the verge of arranging matters of his funeral, the insurance company will provide a car to make sure that they still feel comfortable while dealing with his death and getting ready for his interment at the same time.

Bonus Monthly Payout. The family members whom the insured person has left will be receiving monthly bonus cash from the insurance company. This amount of money is expected to help pay out for bills covering food and utility.

Chosen Funeral and Burial. A good thing about having a contract with an insurance company is that when he dies, he will have the memorial and interment services according to his will. He will have a funeral and burial that he thinks he deserves.

Get A Tombstone. With the services that the company covers, the family members can choose a tombstone that will serve as his memory.

The disadvantages of purchasing funeral insurance are:

Insurance Policy May not Pay in Full. There are some companies offering funeral insurance that have waiting periods. These periods can reduce the benefits of the insured person. There can also be times when there can be no benefits at all. Some insurance policies can decrease in value as time passes by.

Insurance Policy May not be an investment. A person who chooses to have funeral insurance will have no control on how his money will be endowed. Another thing is that some companies offer very little interest rate. And lastly, some insurance policies are overpriced. This means that some of these policies cost more than the cost of funeral coverage. A person planning to get one must remember that by purchasing one means he is paying more premiums than collecting insurance claims.

With the advantages and disadvantages of funeral insurance, a person can see that it will be highly recommended to apply for a funeral …

3 Power Tips To Increase Financial Success FA$T!

Have you ever wondered why some people seem to be

blessed with miraculous success while others are not?

Successful people don’t achieve their success by accident.

It takes much more than skills and talents to attain great

success in life. Even the most talented people can fail. It’s

the ones who recognize their power and use it to their

advantage that achieve the success they desire!

Jim Carey deliberately used his power to strategically

produce success at a time when things were challenging in

his life. In 1987, he was married with a new baby, living in a

single apartment in Los Angeles, and working in comedy

clubs at night. Afterwards, he would drive to the top of

Mulholland Drive and look out over the city where he

affirmed that he was the most sought after comedian in the

business. He experienced what it was like to be that

successful and didn’t come down from the mountain until

he felt like he was. He also wrote himself a check for $10

million dollars for acting services rendered. A path opened

up that eventually led him to that success. On the day that

his check was dated, Jim Carrey was worth 10 million

dollars. He later became one of the world’s highest paid

actors and able to command $20 million a movie.

You, too, have the power to achieve tremendous success. It

just takes understanding your power and then setting your

desires into motion!

Skyrocket your business to success by using just a few

simple techniques!

1. START YOUR DAY BY STATING A POWERFUL

DECLARATION!

Your words are powerful! The words that you speak and the

thoughts that you think attract to you the exact conditions that

you focus upon the most consistently. If you want to be

successful, your words and your thoughts need to

consistently confirm your success!

* Affirm: “Enormous quantities of money are being drawn to

me from everywhere and I see myself becoming financially

independent immediately!”

2. WRITE IT DOWN!

Take advantage of the Power of your word!

Everyday write down:

* “I see my business skyrocketing and becoming an

immediate financial success! I consistently net over $

easily and effortlessly every single month!”

Or:

* “I see all of my investments doubling and tripling

consistently, which make me a multi-millionaire

immediately!”

3. FEEL LIKE IT!

Take a moment each day and experience what it feels like to

be the success you desire.

Example: While you are sitting at your desk, close your eyes

and experience yourself sitting in a location that you would

be in if your success were a reality now! Such as:

* Sitting at a desk in your new office:

Feel how comfortable your new leather chair is and imagine

yourself feeling how smooth the hardwood finish is on your

desktop. It feels so wonderful being in your brand new

office. It is so beautiful, and everything is so clean and

organized. You hear your phones continually ringing with

orders and a …

How to Save Your Wedding When You Run Out of Money

Planning a wedding is so much fun that it can be easy to get in over your head. You splurge here, spend a little extra there, and before you know it, you have committed to a wedding that is beyond your means. With deposits placed, and final payments looming, this can be a very scary situation for the bride or her parents to find themselves in. Find out what steps you can take to save your wedding when you run out of money.

It is really, really easy to end up planning a wedding that costs too much, especially because the planning can be spread out over many months. When you are only paying one-third to one-half of what things actually cost, it can be easy to lose track of the grand total. For some families, it is not until they get close to the wedding day and they start adding up all the final payments which are due that they realize they can’t cover their bills. This is a horrible situation for any family. What do you? Cancel the wedding? Stiff your vendors? Charge admission to the reception? No, no, and no.

What you should do first and foremost is have a frank conversation with your wedding venue and vendors. Explain your situation, and ask them how you can work it out. Be clear with them that it is important to them that their bills get paid so nobody thinks you are trying to weasel out paying what you owe them. Maybe the florist would be willing to downsize the centerpieces to trim costs. Or she could skip the expensive extras, such as the crystals in the bouquets to match your crystal bridal jewelry. The photographer might allow you to cut back to a smaller package or to have him come for the ceremony and through the cake cutting only, instead of taking pictures from pre-ceremony until the last dance. As long as the vendors have not actually spent money on supplies for your wedding, they might be willing to re-negotiate your contract.

As for your reception venue, call the event manager at once and make an appointment. Figure out your finances before the meeting so you have a clear idea of the difference between what you owe and what you can actually pay. If the gap is not insurmountably wide, it might be possible to get creative with the wedding menu to get your balance down (again, this would have to be before anything has been ordered for your reception). Choose less costly entrees and appetizers, substitute sparkling wine for imported French Champagne, or change from a full open bar to wine and beer only. In some cases, this will be enough to get your balance down to what you can afford.

If you still cannot afford what you owe the venue, you will have to consider more dramatic measures. Could they change the time of your reception from an evening wedding to a brunch? You could save …

$50,000 Unsecured Personal Loans for Bad Credit Borrowers Are Available – FAST!

It might seem ludicrous that people with bad credit can access significant sums of money fast, but in a world of financial opportunities, this is exactly what can be done. It depends greatly on the lender, of course, but there are $50,000 unsecured personal loans for bad credit borrowers available. It is simply a matter of meeting the criteria and getting the application in order.

How that is done, of course, is where the challenge lies. For people with very low credit ratings, it can mean several months – perhaps even a year – of careful preparation. What is more, getting unsecured loans approved for those with poor credit does not have to be a drawn out process either. It can be achieved fast.

Naturally, it makes little sense to most of us that lenders would approve a $50,000 personal loan without security in less than 24 hours. But there are logical reasons is why.

Reasons Applications are Rejected

The best place to start is to look at the reasons why an application is usually rejected. Needless to say, employment and income are both very important and failure to have them will ensure the application fails. After all, how is a $50,000 unsecured personal loan for bad credit borrowers supposed to be repaid otherwise?

Even with a steady job, the size of your income needs to be sufficient to cover the monthly repayments. Getting a large unsecured loan approved, for those with poor credit especially, can be next to impossible if there is not enough being earned.

Finally, a lack of clear purpose can be enough to turn the lenders off. This is because lenders are not interested in financing a lifestyle. They want to know that their loan is being used responsibly. A $50,000 personal loan with poor credit without security can be used constructively in many ways, not least in consolidating existing debts.

Getting A Cosigner

The difficulties in getting unsecured loans is that the lender has only the income of the applicant, and their word, to rely on. This can be insufficient in the case of a $50,000 unsecured personal loan for bad credit borrowers, where loan size and applicant reputation are both concerns.

By getting a cosigner to effectively guarantee the loan, this problem can be by-passed. A cosigner is legally committed to make repayments when the borrower is unable to. Safe in this knowledge, the lender is more confident of the chances of getting their money back. So, it is easier to get the unsecured loan approved for those with poor credit.

However, be warned that the cosigner for a $50,000 personal loan without security will need to have an impeccable record, with a high credit rating and an income large enough to ensure that payments can be made.

Fast Approval

Perhaps the most puzzling aspect however, is in getting fast approval on such a large sum of money. Normally, a $50,000 unsecured personal loan for bad credit borrowers would have to be carefully considered …

How to Earn Money Fast – Have Your Own Bake Sale

So you have found yourself in another financial pinch, right? Were those bills a little late this month? Did you not make as much money on your last paycheck as you thought you would? Are they cutting hours at work again? Have you had some unexpected problems arise that have cost you money that you really do not have to spend? If you answered yes to any of those questions, there is no doubt that you could use some extra cash right about now.

Depending on your talents and abilities, and the things you like to do, there are hundreds of ways that you could make the money you are so desperate for. Once you are able to bring this extra dough in, you will know in the future exactly how to get yourself out of a financial bind, or how to ensure that you never find yourself in that spot again.

As an example, maybe you really like to bake sweets or make fudge or candies.

This can be a great way to make some extra income. Just have a bake sale! You may already have everything in your cabinet or refrigerator that you need to make up several batches of tasty goodies that you can sell for cold hard cash. A couple cake mixes, some brownie and cookie mixes, a few eggs, some oil and water, and maybe even some sugar, peanut butter, chocolate chips and marshmallow crème for fudge. These are all staples that most people can find stashed away in their cabinets.

You can even invite your friends and family to bake their own goods for even more variety. Not only will you be making money, but you can have a great time doing it.…

How to Make Money Into More Money – The Fastest Way to Multiply Your Cash

When you get to a stage in your working life that has you questioning things like how to make money into more money, in the quickest way possible, it is a sign of desperation that stems from frustration because firstly you don’t have a target to work towards and secondly, you lack the patience to properly see through the construction of money-making assets that will bring you financial joy.

Yes, there are quick ways to multiply your cash, but it isn’t as easy as inserting a twenty dollar bill, into a machine, pressing a couple of numbers and then have two twenty dollar bills come out at the end of that dubious exercise.

Unless of course that machine is some sort of casino slots machine and we all know that,that isn’t all the much by way of investment and you will probably lose more money than you can make gambling.

Your mentality needs to change and the question of the fastest way to multiply your cash should only come in the latter stages of your money-making quest, after you have decided on a figure you want to work towards.

What figure should you work towards though? That depends on the kind of lifestyle you want to live. Yes, we probably all want an expensive yacht at some or other time in our lives, but for now just decide how much money you would like to earn monthly.

If you can get by on $5,000 per month, with a little bit extra for saving and some leisure, lets take the value up to $10,000 per month.

Now, in the most simplest of examples, if you want to earn $10,000 per month passively (which is the best way to make money), you will need to have built an asset which brings in that amount each month.

Assets can be anything really, even the thin air that is the internet, or a business that operates solely on the internet.

To simplify things further however, lets say your asset is some money you have saved up and you want to put that money away in a savings account, so as to have interest to spend each month, amounting to $10,000.

Since the standard interest rate of fixed savings account can go up to 0.5{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc}, if you are to withdraw an amount of $10,000 each month, that is 0.5{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of $2,000,000, meaning you will have to have to have $2 million in your account, just sitting there collecting interest of $10,000 per month as your income.

I would confidently say that $10,000 per month is a good income to cover all your living expenses, especially if it is a passive income such as the interest from a savings pocket, which you can also use a portion of to enter into other, smaller investments that might have the potential to turn really big.

Now, the issue would then be simply building up your capital to put away into a savings pocket, which is a mission in …

The Business of the 21st Century: Review

Robert Kiyosaki, the author of the best-selling series of “Rich Dad, Poor Dad” books has recently published a new book. This is a review of this latest book, “The Business of the 21st Century”.

He introduces the book:

“In The Business of the 21st Century, I’m going to show you why you need to build your own business, and exactly what kind of business. But this isn’t just about changing the type of business you’re working with; it’s also about changing you. I can show you how to find what you need to grow the perfect business for you, but for your business to grow, you will have to grow as well.”

The premise of this book is that you can STILL experience success in business. Despite the “tough times” that are present due to the worldwide economic crisis, fortunes will be made.

But the qualifier is that you must choose wisely.

It is a current reality that American workers are competing with workers in every country in the world. Many of these workers are HAPPY to do the same work for one-tenth (or less) of your current wage!

For this reason – and many more economic factors – we are living in an era of unprecedented unemployment levels. The rates are often correlated to “The Great Depression” but that is not a fair comparison.

While the percentages of people who are unemployed may be similar to Depression levels, we live in a completely different world. The level of education, technology, and mobility are a hundred times more advanced that in the 1930’s. And yet, tens of millions of Americans are unemployed – or “underemployed” and working in jobs far below their education and experience. This is especially true of “Baby Boomers” who have very slim chances of matching their old jobs.

Robert Kiyosaki touches on this realityin his description of “The Cash Flow Quadrant”. He says ALL income earners fall into one of four categories, or four corners of “The Cash Flow Quadrant”.

The four divisions are:

Employee: These people are looking for a good job with benefits. They are also 100{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} at the mercy of their employers, who are at the mercy of global competition. The goal of every employee is to have some money left after paying all their expenses.

Self-Employed: These are small business owners and sole proprietors, characterized by “Mom and Pop” stores and service providers. Unfortunately, many displaced workers have tried to open a business only to find that they merely “bought” themselves a 100-hour per week job. They also quickly learn that when they stop working they stop earning.

Business owner: These people understand that maximum earning potential is only attainable by leveraging the efforts of many, many more. A business builder creates a “machine” that operates around the clock, without their direct input in every stage of the process.

One of the HUGE differences in the wealth creation potential of a business owner is the legal and ethical ability to record expenses …