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Business Loan: How to Choose and Get Financing Wisely
... project, a business plan or financial plan may be required showing how borrowed funds will help increase income.
Credit history. The borrower's reputation in credit bureaus plays a big role. The bank will check how the company or individual entrepreneur serviced previous loans, if any. A positive credit history (no late payments, successful repayment of loans) significantly increases the chances of approval. If the business does not have a credit history, the personal credit ratings of the owners can be analyzed. A negative history, on the contrary, will become a serious obstacle to obtaining a new loan.
Collateral or guarantee. For large amounts or in case of insufficient financial stability, lenders require ...
Business for Students: How to Start from Scratch with Minimal Investment
... figurines. Such items can be sold on online platforms like Avito or in specialized groups on social networks.
Advantages:
No investment required as existing items are utilized.
Learning sales skills and customer communication.
Possibility to earn from personal hobbies.
5. Home Repair and Assistance Services
Students with practical skills can offer services for minor repairs or domestic help. This can include setting up computers, pool cleaning, gardening, or other small household services that are often in demand among neighbors.
Advantages:
Development ...
Trust management of assets - a guide to work
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Limitations. Before entrusting funds, it is vital to clarify whether the client can restrict the actions of the intermediary. This step helps avoid reckless actions and improper asset usage.
For enhanced comfort during collaboration, it is advisable to have a personal manager who can answer questions, make adjustments, send reports, and more. Most large organizations offer this service for free throughout the duration of the contract.
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Generation Y Radically Changes the Investment Sphere
... generation, often referred to as "Generation Y," has the potential to fundamentally transform the investment sector and the personal finance industry as a whole. These millennials grew up at the beginning of the current century.
This generation is distinguished ... ... authority of others, and do not comply with top-down directives.
When it comes to investing, Generation Y prefers minimalism in services and is unwilling to pay commissions to brokers. They aim to impose their own rules on the market. Under pressure from ...
Entrepreneurship. How to become a successful entrepreneur?
..., and frankly, it has made life much easier for ordinary users. And what are marketplaces doing now and how much the courier service has developed over the years of the pandemic. And we are only talking about the V2S market, huge steps into our lives ... ... worth our ORG-Market and similar products in the commodity markets. And if you look at recent history, such products include personal computers, software, the Internet, biotechnology-based drugs, express mail delivery, this list can be continued for a ...