Starting your own online business is one of the smartest moves you can make to invest in your future. Now more than ever, people are putting their ideas into practice and becoming first time entrepreneurs. Starting out as a new business owner has never been easier. Booming online businesses make up a huge percent of products sold. It’s evident that e-commerce is here to stay.People from all walks of life, professions and ages are looking to start their own online business. From real estate agents to single parents, from mortgage brokers to people who have lost their jobs, form government employees to corporate executives and CEO’s, there is no restrictions to being an online entrepreneur.Can I Start My Own Online Business?The great thing about setting up your own online business is that the start up costs are very low as in comparison to a conventional bricks and mortar business. Old or young, people of all ages and experience can build a business they really like from anything that they are enthusiastic about. Regardless of whether it is selling traditional furnishings, golf equipment or selling services, there will be specific niche market just right for your talents. So who are the people who are starting online businesses?The Offline Business Owner.This is someone who already owns a traditional ‘offline’ business and realises that there are many more customers on the internet. The last few years of economic downturn have really hit hard and by putting their years of expertise from both life and business to work for them, many traditional business owners are are now realising how starting their own online business will generate additional income.An Employee Made Redundant.Often in a difficult employment economy, middle-managers and new employees are some of the first people to be made redundant. Businesses often try to keep the younger people in the job because they do not have to pay them as much. It is not very fair, but it does occur. If you are in that group who has lost your job through no fault of your own, it can be the launchpad that catapults you into the entrepreneurial adventure of creating your own business online.The Internet Newbie.A newbie is somebody who is aware the internet is the way to generate income, but they have yet to get started with their own online business. Many first time entrepreneurs are are work from home mums or younger people who work in a job that they find uninteresting and boring.People Who Are Retired.In a number of jobs, there are government requirements that stipulate that people must retire from at a specific age. This is unfortunate as in many cases, the people with the years of experience make better employees than the newly employed ones. Many people who are forced to retire want to continue to keep working to keep their minds productive and to give themselves something to look forward to. Transforming from a life of active work to being home all day can be quite an adjustment. But starting your own online business can help to make that adjustment for both the person retiring and his or her family.
Telecommunications Financing Options for Small Business Telecom Companies
If your small business were a grocery store or automotive mechanic shop, most every lender in the U.S. would immediately understand your business model. If you were to approach them looking for a line of credit, they would be able to rather quickly determine if your business is able to receive some small business financing from them or not. However, as the owner of a telecommunications company you know that this is not always the case for your industry. Traditional lenders just simply do not understand how telecom companies do business and the intricacies of telecommunications funding.If you are a large multi-national telecom company, funding abounds for you just simply because of the huge amount of revenue your business generates month after month. However, if you are a small telecom business, obtaining that line of credit can be much more difficult. When you approach a traditional lender for funding, you will likely find that they do not understand your business model and telecommunications financing in general. It is not in the traditional banker’s interest to work with telecommunications businesses with receivables that are all small amounts with many customers. Generally, your receivables take 45 or more days to receive after delivery of services. Because these billing issues are unique to the telecom industry, traditional lenders do not fully comprehend the fine details and tend to choose to deal with businesses in more traditional roles.Once your small telecommunications business is on solid ground, and you are looking to expand your market base, there are three options readily available to you for obtaining small business financing. These three options are: factoring, asset based solutions, and investment capital. Let’s take a quick look at each of these options:Factoring: Factoring is a financing process which allows your company to borrow money against its receivables; your receivables are used as the collateral for the loan. The down side to traditional factoring is that this type of funding generally comes with high interest rates. By finding a lender with telecommunications financing experience, you can sometimes find a lower rate. This makes factoring a strong consideration only if you are able to locate a specialized lender with telecommunications financing experience.Asset Based Solutions: Asset based funding solutions involve using your existing contracts, equipment, and other assets, as the collateral for your funding. This can be a good option to consider if you have a lot of assets or large contracts to leverage. However, if you own a very small local telecom company, your company may not have the assets or contracts to make this form of funding work. In that case, investment capital may be a good option to consider.Investment Capital: If your business is open to the idea of investment capital, versus a traditional line of credit, investment capital can be a win-win situation for everyone.While finding small business financing can be challenging in the telecommunications industry, it is not impossible. When it is time for your small telecom company to expand you should consider factoring, asset based solutions, and investment capital as possible options. Whatever your decision may be, as long as it fits within your long-term business plans, then you are sure to succeed.
RSS Feed – Finance – Finding Financial Related Feed For Your Website
If you have a financial related website, you probably already know that there are many reasons to add finance related news feed to your site. Here are some of the main ways it can help you and your visitors.1. It automatically provides fresh content for your visitors – If you find a good source for news feed or blog feed, you may have the feed updated every day.2. The feed might include entire articles – There are beginning to be more websites and blogs that offer entire articles and blog posts as news feed. That means that you can offer entire articles for your readers without having to have the reader click off of the website in order to read the content of the feed. That means that you have something more to offer your visitor and you can also keep the visitor on your website most of the time.3. Fresh Content is good for the Search Engines – The search engines like to see fresh content on your website. It helps them know that the website is being maintained and updated. RSS feed is a great way to achieve that.Where can you find good finance related blog or news feed?Search the internet with keywords like +RSS +finance +feed +news. Also try searching blog search engines like http://www.technorati.com. WordPress, a common blog software, comes with RSS capabilities already installed. It might be much easier to find finance related blog feed than RSS feed from finance related websites. Another reason to try blog feed, is that blogs are more likely to offer the full blog post in their feed, instead of just a heading.