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  • Posted in Entrepreneur | |
    To become a successful entrepreneur in business requires a combination of qualities and there is no one formula that leads to guaranteed prosperity, there are certainly some qualities that help though. Foremost of these is ambition. All successful entrepreneurs have fostered ambition all there lives and often continue to do so having met with success. Secondly the best entrepreneurs in business always persevere. An initial failure does not necessarily mean that success will allude you forever. There is also the magic third ingredient, luck.

    To be a successful entrepreneur in business you need realistic ambitions which combine a great initial idea and sensible aims. Have a direction to determine where you want your business to go, set achievable goals and engineer an overall dream as your end point. With this in mind you can remain motivated, and build yourself a business to be proud of. Finding a happy medium between your long term dream and short term successes is crucial to maintaining your ambitions and allowing your business to develop naturally.

    Not all initial ideas meet with success, often in spite of their merits. This means that alongside ambition you need perseverance to be a successful entrepreneur is business. Your goals may have been realistic but the market was unfavorable or you met the right investor at the wrong time. Both of these are situations beyond your control but that doesn’t mean that next time the situation won’t be better. To achieve this perseverance is key.

    Whilst perseverance and ambition are crucial it’s hard to escape from the fact that luck plays its part too. Few successful business men or women would deny that they have, on occasion at least, got lucky. That being said luck rarely determines an entire career and is subservient to your input. Plan well to shape your ambition and persevere when you know you have a good idea and you will determine your luck and subsequently your success.

    November 7, 2012

    The top 5 biggest reasons to get financial help    Author: Admin

    Every so often, we encounter financial difficulties. Financial advice is required to get back to monetary stability. It also ensures that you do not delve deeper into debt. Note that this service is necessary, regardless of your income and financial status. The following are the top 5 reasons to get financial help.

    Financial Planning

    There are virtually unlimited ways to plan a budget and manage the finances. Such opportunities open up more earning opportunities, prevents debt, while consolidating the present assets. The financial world and the intricacies involved in financial planning are beyond the scope of non-professionals. A financial planner comes in handy in developing working strategies, feasible investments and rewarding ventures. All this is done in line with the client’s ambitions and financial capabilities.

    Planning For Major Events

    There are various financial sapping events that we encounter occasionally. The common ones include marriage, divorce, adoption, illnesses and sudden relocation. Such events require severe adjustments in the daily budgets and asset management. A financial expert has the expertise to strategies adjustments to cover for the events with minimal effect on our daily lives.

    Acquaintance with Personal Finance

    For a non-professional, the knowledge on personal finance rarely extends past basic budgeting. A financial planner can teach you the fundamentals of personal finance. This is more effective than going through the vast online resources and books.

    Future Planning

    Financial assistance is usually geared towards securing the future, both for our twilight years and our children. A financial expert comes in handy in helping the client plan the existing assets and establish plans for the children’s education, health, and savings.


    Old age comes with inability to work and expensive medical conditions. The government and the private sector also have measures that ensure cessation of work after a set number of years. It is safer to be financially prepared for this period. A financial expert comes in handy. The financial help covers pension funds, establishment of long term investments and alternative income sources.

    October 4, 2012

    For an unsecured personal loans for bad credit    Author: Admin

    Posted in Small Business | |

    An unsecured loan is a credit given to borrowers without any collateral attached to it. This is more like a personal loan offered by financial institutions in lieu of higher fees and interest rates. Unsecured loans for bad credit are also extended by these institutions; however it is a riskier venture for any financing company. Bad credit by itself is a cue that the borrower is a defaulter in repaying their previous loans, which may include credit card bills/ personal loans/ auto loans etc. Borrowers with a bad credit are termed as sub-prime borrowers.

    It is always advisable to approach reputed companies for these kinds of loans, as they are more trustworthy. However, these companies may have terms and conditions that are a little more stringent for unsecured loans for bad credit. These banks would require the borrower to be at least 18 years of age and to be employed. While there are Sub-prime lenders that are hassle-free and extremely liberal in their approach to lend money; but one should be wary of them and take note of their fine line terms and conditions. Some of them charge interest rates as high as 500 per cent, and as per the Centre for responsible Lending, the interest rates average out to 225 per cent – 300 per cent of the loan amount. It is imperative to check the state laws and the payment terms before taking a decision on applying for unsecured loans.

    A bank would assess all the bills and assets of the borrower to see if they are in a position to repay; however, the secondary market lenders do not generally do these checks. One must be heedful and bear in mind that to get an unsecured loan for bad credit would call for the interest rates and bank fees to be higher than the ones with good credit. It is good to consult a credit counsellor before treading this path.

    Nevertheless, one must always remember that the loan eligibility granted would not mean they can afford it.

    Get a loan decision to suit your circumstances today. All you need to do is click on where you will be able to apply for you loan amount in minutes and get a same day decision. It really is that easy! Click the link and get started today.

    September 2, 2012

    Instant Personal Loans For Poor Credit    Author: Admin

    Posted in Small Business | |

    If you don’t have multiple sources of income, but rather a single source of income and you’re a working individual then you are most likely to find yourself in situations where you are in dire need of money in order to take care of emergencies or expenses. In such situations personal loans would help. However traditional personal loans take ages for approval and they call for a lot of troublesome paperwork, which makes people detest the idea of applying for one.

    The new-age solution lies in instant loans for bad credit. These loans offer one the best of both worlds: instant money and they are suitable for people who are suffering from bad credit too! Financial emergencies are all about making a fast move, therefore if you are not going to be able to have quick access to cash then there is no point in applying for such loans.

    Human beings aren’t perfect, they make mistakes, hence having a bad credit score is not really a big deal because there is always the scope of getting back on track and correcting or fixing one’s credit situation. However, during the time period when one is stuck with a bad credit score, it can be very difficult for one to apply for a traditional loan because a majority of the financial institutions generally do not offer loans to people with bad credit because they are considered to be huge threats.

    However, in case of instant loans for bad credit, there is no such fear because these do not rule out people with bad credit scores or records, anyone and everyone can apply for an instant loan. These loans can be used for the purpose of buying a house, a new laptop, acquiring financial assistance for taking care of important life occasions like marriages, for use in higher education of one’s children and so on. In short, instant loans for bad credit are a perfect one-stop shop for fulfilling all the financial aspirations of individuals!

    If you have been rejected for a loan by one of the mainstream lenders and you are desperately looking for the financial aid that you need, then go to poor credit loans. Chances are that after filling out the simple form you will be contacted by one of our loan advisors who will give you the good news that you have been accepted for a loan.

    August 12, 2012

    Getting the Best Life Insurance    Author: Admin

    Posted in Entrepreneur | |

    How would your partner or children cope financially after your death? It’s a sobering thought.

    Without your income, paying for food shopping, utility bills, children’s needs mortgage and loan repayments may become difficult or impossible.

    What is Life Insurance?

    In its most simplistic form life insurance pays out a set amount should the policy holder suffer loss of their life within the term of the life insurance policy. This money is typically paid directly to your dependents if the policy has been written in trust and named beneficiaries. Alternatively, the payout will form part of the deceased estate and will be used to pay any creditors before being divided between heirs of that estate and subject to inheritance tax.

    Strictly speaking life ‘insurance’ is actually ‘assurance’ because insurance covers something at risk of happening but end of life is a certainty.
    How much cover do you need?

    There is no formula for calculating how much cover an individual might need and of course the higher the payout you require, the more it will cost to buy insurance. Thus you may need to find a balance between the amount of cover you need and what you can afford to pay for it.

    Considering any outstanding debts is a good starting point. Mortgages and loans will still need to be repaid and life insurance should at least cover these debts.
    Next consider covering a reasonable standard of living of any dependents you may have. What proportion of everyday expenses could be paid for by your partner’s income? Or, would your partner need to leave employment to provide care for your children? Or are your children older and able to support themselves financially now or in the near future?

    To get the best life insurance check the provider’s terms and conditions for what is and is not covered and remember that cost is calculated on a number of factors including health and lifestyle choices.

    July 14, 2012

    Life Insurance Cover And What You Get    Author: Admin

    Posted in Life Insurance | |

    A life insurance policy can be defined as a legal agreement or contract between two parties, namely the insurance company and the individual or the policy holder. Such policies spell out a lot of aspects like the duties of the policy holder, his/her rights, the premium payable by the policy holder every month or year, the benefits or coverage that the policy holder is entitled to and lastly, the circumstances under which the benefits can be obtained or paid.

    Life insurance policies can be obtained in a lot of different ways, one can purchase them via mail order, brokers, agents or online via insurance websites. When it comes to purchasing life insurance policies, it would be necessary to find out what one gets by going for such a policy. Now, the coverage of such policies depends upon the circumstances of the policy holder, his/her age, the number of beneficiaries and other factors.

    When you go for a life insurance policy you can basically get two types of cover: cash value and term value. In case of cash value policy, the policy holder has to pay a high amount of premium during the initial stage and a part of that would be used for setting up an account under the name of the holder. The policy holder can then gain access to that money either for increasing his/her income after retirement, for paying overdue premiums or for applying for a loan.

    In case of term value policy, the coverage is provided for a fixed amount of time, which can be one year or more than one year. This kind of insurance policy requires the holder to pay more premium as he/she gets older with age because the chances of dying gets higher as one grow old. In case of the death of the life insurance policy holder, the beneficiary or beneficiaries stated in the policy can make a claim for the money after notifying the insurance company about the policy holder’s death and requesting a claim form.

    Posted in Entrepreneur | |

    Now you can easily buy life insurance policy in the UK with the help of the Internet, as most of the insurance companies offer free life insurance quotes to their customers on their websites. This is a highly useful service that can help you in deciding on the best policy after understanding the terms and conditions, and comparing different policies.

    Requests for life insurance quotes online can be done in two ways. Firstly, you can directly submit a small form on the website of insurance company and within minutes you will receive a quote. Secondly, you can get multiple quotes from different insurance companies by filling up just one form on a comparison website. In this ways, you not only save time, but have access to several life insurance quotes, which makes the best one easy.

    Usually the required information to be filled in these online forms is name, age of the applicant, medical history, profession, and whether he/she is a smoker or not, and if yes, then duration since on how long one has been smoking. All this information should be accurate as this can get you the best quote. All those who are young can get a much lower quote than older people because chances of young person dying during the term of the insurance policy are slim.

    Your profession also affects your term insurance. Most of the insurance companies in the UK asses the hazards and risks involved in your profession, your workplace, and the kind of projects you undertake. If one is working in a risky profession, then an insurance company may have to hand a settlement on insurance before its term ends.
    When interested in a life insurance policy, you should be honest and provide accurate information to the insurance company. Any inaccurate information can lead to the cancellation of your policy and all your premiums paid till date would mean nothing.

    Best thing about getting life insurance quotes online is that you not only save your time, but can also complete the entire evaluation process without any hassles, because instead of making rounds of the offices of the insurance companies to get quotes, you can get them from the comforts of your home.

    May 4, 2012

    Using a PPI Calculator to Claim Mis sold PPI    Author: Admin

    Posted in Small Business | |

    In recent years millions of customers in the UK were mis-sold Payment Protection Insurance (PPI) policies on their mortgages, credit cards and personal loans. The PPI policies were designed to ensure loan premiums would be met even if the borrower fell on hard times and was temporarily unable to make payments. However some banks engaged in dodgy practices like adding the policies to the bill without telling the customer or demanding it be paid in cases where the PPI policy was neither required nor needed. Other policies were sold with fine print that made it difficult or impossible to collect benefits.

    The PPI policies involved are believed to be worth £17bn with over 12 million customers deserving of refunds. That translates to a lot of money, with the refunds averaging up to 3K, although only the use of a PPI Calculator can accurately estimate specific refund amounts. The process of reclaiming the improper payments can be complicated, which is why the use of a professional PPI Calculator is probably the fastest and easiest route to claiming your refund.

    Calculate Your PPI Refund Here

    The probability of a customer collecting a refund is quite high. Whatever amount the PPI Calculator estimates the refund to be is likely to be close to what the customer actually receives, as nine out of ten requests for refunds are predicted to be upheld. Most who are eligible have not yet had a PPI Calculator estimate the refund due them, and the total number remaining of those who still need their refunds determined by a PPI Calculator is likely to be much larger than the compensations already paid so far.

    So far banks in England have refunded more than £2bn to customers who were victims of PPI scams, but that may represent as little as a third of the refunds still to be paid. If you suspect that you have been the victim of PPI policy abuse then you should contact a reputable PPI Calculator today who can determine the size of your refund plus interest and get it to you as quickly as possible.

    Posted in Entrepreneur | |

    Technologically, it is probably the most advanced printing facility in the Balkan. It cost almost 2.5 million. It was constructed in less than a year. And it is in dirt-poor and war-torn Macedonia.

    Behind this incredible tale of entrepreneurship, uncommon in these nether-regions, stands Zoran Rosomanov. A stereotypical visionary – mane, blazing eyes, imposing physique – this man, against nightmarish odds undreamt of by his Western counterparts, constructed, single-handedly, an impressive, star-trek like, factory.

    Literally single handedly: digging the muddy soil, hoisting bricks onto cranes, driving earth-removal heavy machinery. He begged, cajoled, and persevered. And he made it. His story serves a lesson to all the forlorn dreamers in the sad countries of the East.

    Thirty-six year old Zoran represents a new breed of “can-do” businessmen in Eastern Europe and the Balkan. His philosophy is the outcome of first-hand exposure to Western management techniques and ideology. He does not rely on the state to provide for him or for his enterprise. He actively seeks foreign inputs – in capital, contacts, and know-how. He is well-traveled, polyglot, affluent, a consumerist. He is enamored with technology and gadgets.

    Still, he likes to think of himself as a creator, or an artist – rather than a money machine. He emphasizes the design-related portions of his company. He brags of his hobbies: photography, interior design, music. His home and office serve to advertise not his wealth – but his aesthetically-informed talents. He is smartly dressed and well-mannered, indistinguishable from his colleagues in the West. Though he loves Macedonia, his homeland, he is, in essence, a citizen of the world.

    Zoran started off as a TV music editor in the Macedonian state-owned channel. The highlight of this brief phase in his career was a human rights concert in Budapest. But he soon discovered his true calling: business. He joined a Belgrade-based musical instruments trading firm as a traveling salesman. At the age of 21, he was put in charge of 185 people as head of the Sales Department.

    But Yugoslavia was disintegrating. Yugoslavs lost their common identity overnight and woke up as Macedonians, Croats, Serbs, or Bosnians. Zoran went back to Skopje, where he opened, with his savings, a chain of 11 stores of electronic consumer goods.

    But he noticed that how you sell is at least as important as what you sell. He discovered marketing. After a stint of studies in Milan, Italy, he came back to Macedonia and, in 1992 he established “Divajn”. “I noticed that everyone in Italy asked me about Macedonia. They were interested. So, I decided to connect people.” The company was the first to offer a vertical, marketing campaign-orientated service: from poster ads to sales force, a turnkey solution.

    He also noticed that, the paperless office notwithstanding, there was a great demand for paper products. In a typical move, Zoran bought an expensive computer and began to design such products for his contacts. “But I noticed that, following a first satisfactory order, they circumvented me and went directly to the printer”.

    So, he decided to become a printer as well – by merging with a print shop. He placed an ad and settled on one of the applicants. They have been inseparable ever since. Their joint company, “Bato and Divajn”, owns the new facility and Zoran’s partner supervises the daily work there. “Wealth is in people – not in money”, says Zoran.

    His secretary has been with him for 11 years. Miki, the talented head of the pre-press division and quality control, has been working with him for a decade. Zoran values loyalty. He trains his staff personally. Every single one of his 40 workers (soon to increase to 55) has gone through a 6-month period of apprenticeship. Then they are on their own. “I believe in delegating,” says Zoran, “though I never lose sight of the details. And I am very demanding”.

    When the combined business expanded, Zoran needed new machines. He tried to find investors, both domestic and foreign, but failed. So, he approached a friend of a friend in Holland. This guy owned an envelope factory and was interested to sell one of the used machines for a mere 400 thousand DM (i.e., c. 180,000).

    In typical irresistible gall, Zoran offered him 13,000 as an advance payment. “I will pay you the rest over 3 years” – he pledged earnestly. “What is your guarantee?” – asked the shocked seller. “Your trust” – responded Zoran. The stunned Dutchman accepted. Zoran paid him back in two years.

    This pattern of unmitigated self-confidence, infectious optimism, and non-conformism pervades Zoran’s way of doing business. He won an order for a million labels simply by waltzing in and producing samples he scanned off empty beer bottles. He is now the exclusive printer for this brewery.

    Last April, as he was visiting another client – his firm supplies all the Macedonian blue-chips – he overheard a discussion about problems with a Slovenian supplier. “If I were to establish my own factory here, will you buy from me?” – he enquired. They said yes – and so did many others. “It was my market research” – he grins. Why import from Slovenia if there is a qualitative alternative in one’s backyard? Zoran is a great believer in import substitution and buying local. It is not only patriotic – but it makes economic sense.

    He proceeded forthwith to find land. His firm designed the construction project. All he lacked was the printing presses. He had less than 100,000 in cash. He needed another 2.4 million. Others would have regarded this deficiency as insurmountable. Not Zoran.

    He decided to get the best equipment money could buy – and that meant “Heidelberg”. So, he picked up the phone and called Alexander Hufnagel, Heidelberg’s director of East Europe. When he asked to buy on credit, they naturally demanded a bank guarantee. Zoran prepared a business plan and went to Komercijalna Banka, Macedonia’s second largest retail bank. He asked for 1 million, partly from IFC funds dedicated to small and medium enterprises.

    Macedonia’s economy has been in dire straits long before its independence in 1992. Nearly one third of the workforce are unemployed. The heavily-politicized and under-capitalized banking system is largely dysfunctional. Lending to business is almost at a standstill. Zoran’s was an unprecedented application.

    When Zoran dug the first foundations in an industrial park at the outskirts of Skopje, a civil war between Macedonians and Albanians has erupted. Fighter planes and helicopters buzzed above head and police and army streamed to the Aracinovo, a besieged village, not far from the site. There was palpable panic in the air.

    Komercijalna Banka asked for a collateral and Zoran offered the new equipment. “Title will revert to me only when I finish paying you”, he explained. Unbeknownst to him he has invented leasing. He then turned around and offered Komercijalna’s money to Heidelberg as his equity. After a grueling few days of due diligence, Heidelberg agreed to give him supplier’s credit amounting to the rest. They asked to him to guarantee the credit personally. He willingly accepted.

    Zoran then proceeded to convince them to establish a maintenance center, replete with spare parts, in his new factory. “I don’t charge them rent” – he discloses impishly – “My machines must work 24 hours a day, 7 days a week. It is useful to have a maintenance crew and spare parts handy.” The next logical step is to become their representative in Macedonia. “I am working on it. But I want them to provide me with revolving credit to be able to offer financing together with the equipment”.

    But this financial wizardry has depleted Zoran’s resources. He resorted to an old communist stratagem: the barter (“compensation” in East European argot). He traded print jobs for building materials. It was one of the worst arctic winters in memory with temperatures often dropping to way below the freezing point. But construction continued, the shivering workers spurred on by Zoran’s personal example.

    When the equipment finally arrived, Zoran was presented with a 450,000 bill – for the newly imposed Value Added Tax. In a complex financial somersault, Zoran borrowed against future VAT refunds and overcame this obstacle as well. The NASA-like control panel, the printers, cutters, templates for different cigarette brands – all were finally installed in the half completed structure.

    “This is my country” – Zoran toggles an unlit smoke – “It is beautiful. We just need help. I could never have done it without the help extended to me by Heidelberg, Komercijalna, the IFC, my clients. My wife stood behind me. This network of support is indispensable. There can be no entrepreneurship and initiative without it!”

    “Aren’t you afraid to fail?”

    “I have no fear. With all our problems – we still must exist. We must survive. Many say I am crazy – but time will tell who will succeed. You must persevere. If the bank would have said no – I would have gone elsewhere. There is always a solution. My advice: get your suppliers involved. Heidelberg now has a stake and they will refer clients to me. I said to them: you want me as a client? Then give me credit!”

    “Operating in Macedonia is not easy…”

    “A country should be run like a business and politicians should act like CEO’s. Macedonia has the potential to be this region’s Switzerland, though it must concentrate on exploiting its natural endowments: climate and soil. Agri-business is its future. All we have to do is encourage foreign investments by safeguarding property rights and overhauling the court system and law enforcement. We have to learn from foreign investors and emulate them.”

    “But foreign investors are potentially your competitors…”

    He tilts his head back and laughs uproariously:

    “The Slovenians tried to arm-twist my clients, slander me, and spy on my operations. I can now easily compete with them in the Serb market. My transport costs are much lower. My machinery is so advanced that I can work for the strictest multinational anywhere from Switzerland to Turkey. We are getting the ISO quality certificate shortly. So, they are scared. What has been my response? I bought more land for future expansion…”

    April 27, 2012

    Finding The Best Solicitor    Author: Admin

    Posted in Entrepreneur | |

    There are many sorts of qualities a person needs to look for when finding a solicitor. Finding a solicitor can be difficult, because a person should never simply hire the first solicitor that comes to mind. Rather, a person should definitely hire a solicitor that has certain qualities and offers affordable rates for his or her work.

    The best solicitor will often be very respectful of clients and be willing to spend time meeting with them. Finding a solicitor is difficult, because not many solicitors have such a gracious attitude when it comes to working with clients. Working with a solicitor that has no respect for clients can be a huge turn off for any client. Many clients end up walking away from solicitors that are disrespectful of clients.

    Finding a solicitor is also easy if a person knows how to get good references for a solicitor. If one knows a few practicing solicitors in one area of law, then one may wish to ask these solicitors for tips on finding a solicitor in other areas of law. Even solicitors that practice in a completely different area of law can often give great recommendations to someone trying to find a solicitor that practices in a different area of law. It is truly a great idea for a person to get as many references as possible, when he or she seeks to find a great solicitor.

    In addition, when finding a solicitor, a person will want to keep in mind that solicitor’s pay rate. It is very important for a person to ask a solicitor how he or she charges fees to clients. Sometimes, clients are very surprised when they learn that a solicitor charges a very high hourly fee to clients, as opposed to a very low transactional fee. It is important to learn these matters up front, rather than learn them later in the process. A person may be required to pay these fees if he or she is not careful about handling this process right from the start.

    Overall, it is easy finding a solicitor when one has these tips.

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