website error
Apperantly i messed up somewhere along the line.
It happens, no big problem of course. What is worse and will hopefully be a lesson, is that i didn't check properly after the last update. Hence, allthough the frontpage was there, the rest wasn't accessible.
Anyway, it's fixed. Welcome back!
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#2 - 10 april 2012, 07:22
It’s worth a read. You’ll find that sections are for those who have an existing business or a business they are selling. If the books aren’t good and if this is a new business. This book is worth the read for the information about new businesses. One should read about bootstrapping if they want to know how to self fund a business. You’ll rarely get a loan if you lack capital assets unless it’s thru the SBA. Even then only a piece is guaranteed to the banks by the government on your behalf.
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#3 - 2 may 2012, 09:35
Business plan, simply put, is the roadmap of your business. It tells - what the business will do,- who are the players responsible for running the business,- who are the target market,- how this market will be reached,- what are the resources of the business- what are financial requirements of the business- projected income of the businessWhy will a bank manager want to see a business plan?- to determine how the business will make money- to check if the business will be able to repay the bank loan- to understand the risks of the business- to determine if the business has profit potential- to gauge whether the business owner knows what they are getting into- to know and understand who and how the business will be managed
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#4 - 13 may 2012, 03:25
A business plan is a month-by-month cash flow forecast and should cover the next five years.You should show the expected revenues and expenses and the change in your cash position for each month and the cumulative cash flow.The bank manager wants one so that he/she can determine if the small business owner (who is apparently seeking a loan) will have the ability to repay the loan on time.Hope this helpsJerry-the-bookkeeper
Miguel
#1 - 7 april 2012, 06:19
Hi Altaaf, depending on your need. A loan is lrmoanly a longer term and cheaper option, while a bridging loan is lrmoanly short term until other finance or funds come available, but you need a short period to wait for the more permanent funding to come through. It is best to consult a financial consultant banker to find out.