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Advantages and Disadvantages of Moving for senior citizens

If you are planning to move after your retirement then there will be a lot of work that you will have to do related to your move. It would be better if you hire Agarwal packers and movers who will help you out and you won’t even have to lift your finger after they confirm your booking for the move. But as the age sets a higher bar you have to take all the decisions wisely. It is important to know that there are some or the other advantages and disadvantages of moving after your retirement.
Advantages of moving after retirement

Here are some of the advantages that will help you decide that you should execute the move or not.

1. Moving to an affordable place

When you have finally retired then the most important thing that you have to do is to keep all your expenses at the least and one of the best ways to do that is to move to a place that is much affordable than the current ones.

There are a few places in the same city that are much cheaper to be lived than others. The areas that are in middle of the city are quiet expensive and the ones that are near the outskirts are cheaper so that is the reason the people who are happily retired and want to live the rest of their life peacefully then they should shift to the places that are much more affordable than the current ones.

You will be able to enjoy the lower cost of living and lower housing cost and you will also get the financial freedom after your retirement.

2. Downsizing will also reduce your expenses

• When you will move to a smaller house then you will be able to save the money that you spend on the maintenance of your big house.

• When you will shift to a smaller house then the cost of your living will also reduce.

• You will get more free time for yourself because you will not have to do the cleaning and maintenance as much as you have to do when you live in a big house.

3. Move closer to your family and children

After retirement, it is very important to live close to your family as you don’t have any source of income now and you only have your saving and all that you have earned on your retirement.

It would be better if you live with your children and grandchildren now so that they can look after you at the times of support and you will also get to spend time with your grandchildren and re-live your own childhood days.

4. Better health care facilities

Keeping everything aside, health comes first and foremost and that is the reason it is always better to that you get the best healthcare facilities after your retirement.

When you move to a better place on the basis of environment then you breathe in fresh air that is very important for your health. Ultimately environment plays a major role on your health.

Disadvantages of relocating post retirement

Like every coin has two sides, the way moving after retirement has some advantages; it has some disadvantages as well:

• Missing family and friends

This is the most emotional and the biggest con of moving after retirement that you move away from your dearest family and friends.

When you have been living in an area for a long period of time then you get to bond with some people that become family to you and you cannot get over the pain of aparting from them.

You need a lot of courage to move at the time of retirement because it is all about taking good and better decisions of your life in the end.

• Leaving a place where you used to live for a long period of time

When you grow old then you get attached to the place where you have been living for a very long period of time. You feel like your roots are attached to this place and you don’t feel like getting over it.

There are some people who retire and are able to adapt to things in no time but there are people who are not able to create a detachment from the place where they have been living for a very long period of time.

You will have to face a long period of adaptation because it is quiet difficult to adapt to the new house and new surroundings amongst new people. After coming to an age you feel like living at a place with peace.

• Your partner might not be interested in moving

After an age or after the retirement you may also think that new place, new city, state or even abroad is the best place in the world, but your partner might not think like that about the same. There are people who can never consider moving away after getting retired because it can be very complicated

So, to be able to live your retirement years without and stress is after moving away, you have to make sure that you and your partner both share the same opinion about it. If you want to live with each other in harmony and avoid the difficult feelings that could become a serious issue with time, then one partner will have to agree on the other partner’s opinion. A move at this age cannot be temporary, either you shift or you don’t shift. This is what you need to decide. Otherwise you will get into real troubles that you cannot even think of.

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8 Timeless Relocation Hacks to Simplify Moves!

Nothing brings you joy than executing tasks and projects with perfection. That is the reason why you are eagerly looking forward to the approaching house move that is currently creating a stir in your life. Though you firmly believe that if you book a moving company like Agarwal Packers for the job, things would be very much sorted and there would only be a few things that would call for your attention.
You are right in thinking so because that is what the moving professionals are there for. These moving companies deliver outstanding relocation services and with the right blend of desired moving services from the company, timely pro assistance from the specialists of the field, and integration of the below-mentioned tips, your house move would be nothing short of a dream!

The move will eventually take shape when the professionals will supervise and navigate it but while they do that, you should not step back from doing your bit of preparation for the event.

Here are some of the pointers that will make you unleash a different side of your move that comes to light only when you are following the mentioned moving hacks in order.

1. Know that it is not every affair – Relocation is not something that you do every day. Do you? Then why cannot you make it the most worthwhile for yourself, right? Why cannot you make it free of any kind of hassle? Why does there have to be room for flaws and failures? Mishaps can never be comprehended beforehand but if we strengthen our plan and come up with infallible tips, would there be anything at all, that will make it a failure? Not! Know this and also believe.

2. Believe in making memories – You may be thinking of all the things that you will do now, ahead of your forthcoming move but rather than feeling overwhelmed with all of those things, believe that the bigger picture is heartening and sufficient enough to make you feel better! Whenever you find time from your packed pre-move schedule, spend some time to explore your place a bit more closely and recall all the memories you made here and tie them intact in your memory.

3. Do not drain your finances – Most people believe to spend it all on their house moving project. They fail to realize that spending the savings nearly entirely for the move may put them at major risks in the forthcoming time. So, rather try saving money for the move at least 5-7 months before if you think you are not that strong financially. Finances should be planned sensibly and one should have some amount of money set aside for emergencies too. You can talk about this with your moving crew from Agarwal Packers and Movers.

4. Before you go ahead, discern – We discussed how budgeting is important for the move and how you should plan a move when you are financially ready but there are a few more things that you should understand before you proceed with your move-in actual. See if the time you are planning your move-in is right. Know that there is a lot more than what you know a move comprises. For instance, figure out what value of items you are moving and whether the mover is providing you with special packing assistance for the requested objects. Go through the costs you are paying the movers to know you are pulling off a worthwhile deal.

5. Know some expert move advice – Everyone hopes to make their move as effortless as possible. But experiencing a move without any hassle or drawbacks often seems unrealistic. Well, you may not believe us when we say this but such kinds of moves are also possible and all it necessitates is your awareness of the project and your preparation for the task. Here are a few things you can do while you research facts online – you can refer to some useful moving tips talking about the ‘How To’s?’ ‘’Moving Guides’, ‘Moving Checklists’, ‘Organizing Tips’, ‘Cleaning and De-cluttering, etc.

6. Take care of personal wellbeing – Losing your temper out of overwhelming moving stress and mistaking moving paths owing to the bundle of moving tasks around is not something new. Everybody undergoes the experience at least once or every time they plan a move. These times of distress call for mental peace and for that one should simply do only as much they can and not take too much hassle because when the professionals are already hired for the project, things can eventually fall into place. You simply go easy, take breaks and take care of yourself.

7. Flawless packing is the key – One big-time timeless moving tip is to ensure quality packing of the household belongings. No matter what happens, if the quality of packing is left compromised, no one can assure the goods would reach the destination in one piece. Various other things are playing equally important roles in the context – like correctly cushioning belongings so that they remain safeguarded from every side; like getting the right size boxes and that too in strong quality so that even if there is some sort of pressure on the cartons externally, the items packed within the boxes remains unharmed.

8. Renting the right truck – Of all the major advice and tips that one follows during the move, there always is one that talks about how renting the right moving truck play a big role during the move. The size of the move is to be chosen mindfully and the vehicle should have all the required requisites that will assure optimum protection to the belongings packed within. You should discuss all of this with the mover and make an effort to visit the truck at least once ahead of the move.

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12 Smart Things You Must Do When Moving to A New Home!

Big congratulations to you on your new home in the new city of Cochin. But when are you moving out of Coimbatore? Is the move taking place in a month? Or before that? Well, regardless of when you are moving out, you should immediately find an ideal team of packers and movers in Coimbatore and book them right away so you can move out of your city without any struggles and disappointments.
Above that, we have compiled together a list of things that you must do before your move, which you can follow to make your home shifting journey not just better but smooth and successful.

1. Visit newly bought home

If you have already visited your new apartment before the final move-in, that’s great but if you have not, then do it. And if you have yet not found or searched for an ideal dwelling for you and your family, do that first. Keep in mind the kind of home you want to move in and the features and things you want in it.

2. Revisiting move decision

At one point, you might also feel like revisiting your moving decision. This is a natural phenomenon because no matter how well prepared we are, there is a slight fear and dilemma in our hearts and minds regarding our moving decision. We end up being hesitant about a lot of things and think if we are doing it right or should we just hold everything.

3. Saving date and budget

Before you start finding that ideal moving professionals team for your relocation project, decide a suitable moving date that works ideally not just for you but for your family members too. Once you finalize the date, you should prepare your finances for the journey. You will need to pay for various extra costs, apart from the moving cost and therefore, some budget planning before the move would help.

4. Finalizing quality movers

The reason why one should not think twice about hiring moving professionals and straightaway appoint them for the move are simple – they make the job easier and everything happens on time, without any struggle. All you need to make sure are the experts you choose hail from a reputed moving company, and the services you opt from them suit your moving requirements at their best.

5. Paring down possessions

The moving professionals would give you a date when they will come over to perform the packing task at your place. Make sure you have executed the sorting and de-cluttering tasks before that so they can pack your stuff in a clean and de-cluttered space. Give away, sell, donate or discard all the useless items so your moving load is in control and your budget is balanced. 6. Securing cables and cords

There are a few things in our household – like the appliances and electronic items in particular, that are a struggle to pack for the move – they come with extra cords and cables in different colours serving distinct purposes and one has to securely pack them for the move. Being naïve, you may not know the appropriate ways of doing it, so seeking professionals’ aid at this point can be a good option.

7. Keeping snaps of valuables

At times, when there is a mishap during the course of the journey and we end up damaging or losing our valuables, we have nowhere to go or ask about the damage recovery. But, if we take note of every moving item and its estimated cost in the moving inventory and keep their exact pictures pasted alongside, we can request our moving company to provide us with the insurance against the damaged items by showing them that list.

8. Prioritizing efficient packing

Superior packing quality is the foremost thing to take care of when moving. Invest in good quality packing supplies, and give ample time to the packing tasks. Every item in our household requires different packing assistance, which we may or may not be well-versed with. So, it is better to let the moving experts handle the packing task. Just make sure to oversee if everything is in place.

9. Protecting high-value stuff

All the expensive, exquisite items in our household – like antiques, artifacts, jewelry, décor items, collectibles, etc. should be packed properly for the move. These delicate articles require extra care and must be wrapped in soft cloth, and topped with bubble wraps and quality packing paper so there is minimal damage. Professional movers offer special, customized packing services to safeguard expensive goods. Opt for that to ensure optimum safety for your extraordinary items.

10. Planning the moving route

You should plan ahead how you want to prepare for the route. If you are driving or have booked a car that will drive you to the destination, you should decide the course of your journey that will have few deviations and less traffic. If you are going by flight, you should do the bookings in advance, and have the air tickets ready while leaving so you do not encounter any problem during the journey.

11. Being ready for moving day

Moving day is all about being ready on time and maintaining a stress-free mind. It is also about supervising the final things – like the moving boxes when they are loaded into the vehicle, checking the doors, windows, and their locks, keeping the food basket and document folder in vision so they are not left back home, and taking a final tour of the house before handing over the keys to the landlord.

12. A thorough home-cleaning

This should be done soon after you have landed up in your new home. So, do not jump into unpacking the boxes and re-arranging goods, you will have to give your new home a good clean-up before you start putting out things.

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How To Choose A Premium Mattress Sewing Machine

Mattress tape edge machine is a type of sewing machine used in the bedding industry to finish the top and bottom edges of a mattress. The machine is used to stitch the top and bottom panels of a mattress to the mattress edge, and to cover that raw edge with a protective tape or ribbon. Some mattress tape edge machines are fully automated, capable of turning corners and flipping the mattress without involvement from the operator. And some tape edge machine is semi automatic. The price is relatively cheap, and many mattress manufacturers are using it.

MULTI SEWING HEAD FOR FOR CHOICE
Singer head
Typical head
Seiko head
Chinese maked head
LOCK STITCH AND CHAIN STITCH OPTION
Shortly, chain stitch is a more advanced sewing technique in which a series of looped stitches form a chain like pattern. This is one of the most common sewing methods in modern times. Even if the sewing is wrong or the sewing effect is not satisfying, it can be easily disassembled for resewing by pulling one of the threads . Accordingly, compared with lock stitch, it is more convenient and has more advantages.

Shortly, chain stitch is a more advanced sewing technique in which a series of looped stitches form a chain like pattern. This is one of the most common sewing methods in modern times. Even if the sewing is wrong or the sewing effect is not satisfying, it can be easily disassembled for resewing by pulling one of the threads . Accordingly, compared with lock stitch, it is more convenient and has more advantages.

lock stitch sewing method. It means a sewing machine stitch formed by the looping together of two threads one on each side of the material being sewn. This is a relatively primitive sewing method, but it is still use by many people. In contrast, chain stitch has the better performance.

ADVICE TO EVERYONE
Whether fully automatic or semi-automatic, each has its own advantages and characteristics. How to choose a tape edge machine? In short, according to your own budget, the daily production volume, and according to the functional requirements of the machine to choose a tape edge machine.

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Nagamenslot: Agen Slot Online dengan Peluang Menang Tinggi dan Game Gacor

Permainan slot online adalah salah satu jenis permainan judi online yang paling populer di Indonesia. Namun, tidak semua agen slot online menawarkan peluang menang yang tinggi dan game yang gacor. Salah satu agen slot online yang bisa menjadi pilihan Anda adalah Nagamenslot.

Nagamenslot adalah agen slot online dengan peluang menang yang tinggi dan banyak game gacor. Situs ini menawarkan berbagai jenis permainan slot dengan tampilan dan fitur yang menarik untuk dimainkan. Ada banyak sekali pilihan game slot dari tema klasik hingga modern yang bisa dipilih dan dimainkan, seperti Aztec Gems, Sweet Bonanza, Wild West Gold, dan masih banyak lagi.

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Game slot Mustang Gold adalah game slot gacor lainnya yang sangat populer di Nagamenslot. Dalam game ini, para pemain akan bertemu dengan simbol-simbol berkuda seperti kuda liar dan kuda jantan. Para pemain dapat memenangkan hadiah jackpot yang besar jika berhasil mendapatkan kombinasi simbol-simbol yang tepat.

  1. Sweet Bonanza

Game slot Sweet Bonanza memiliki tema permen dan manis-manis. Para pemain akan menemukan simbol-simbol seperti permen jelly, buah-buahan, dan gula-gula dalam game ini. Jika berhasil mendapatkan kombinasi simbol-simbol yang tepat, para pemain bisa memenangkan hadiah jackpot yang besar.

Selain menawarkan game gacor, Nagamenslot juga merupakan agen slot online dengan peluang menang yang tinggi. Hal ini terbukti dari rasio kemenangan yang cukup besar pada setiap jenis game slot yang disediakan oleh Nagamenslot. Dengan demikian, para pemain bisa lebih mudah memperoleh hadiah besar dan mengalami sensasi bermain slot online yang lebih menyenangkan.

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Start Home Based Business

According to the United States Small Business Administration, the number one reason that businesses fail is poor management. The second reason? Not enough financing or financing coming at the wrong time. When you start home based business, financing should be an important consideration. You will have to make sure you have enough capital to get your business moving, but you will also have to educate yourself to manage that capital well.

There are two types of financing available when you want to start home base business, equity and debt financing. Your business’s debt-to-equity ratio is important to determining what type of financing you will need to start home based business. The debt-to-equity ratio is the dollars that you have borrowed compared to the dollars you have invested in your business. The more you have invested to start home based business, the more attractive you will be for financing. Plus, if you have a high ratio of equity to debt, you should probably seek out debt financing to start home based business. However, if you have a high proportion of debt to equity, you may want to increase your capital, or equity investment, to gain more funds. This will prevent you from becoming over leveraged.

Equity financing is often used in a limited way to start home based business. You can gain equity financing to start home based business from a number of investors like friends, family, employees, customers, or other colleagues in your industry. However, venture capitalists are usually the most common source of equity financing to start home based business. Venture capitalists are institutional risk takers. They can range from people with considerable wealth, government resources, or financial institutions, and they usually specialize in specific industries.

Venture capitalists may be portrayed as financial gurus looking to provide financing for people to start home based business, but most often they will choose to finance a company that is between three to five years old that have great potential growth. Also, you should know that venture capitalists look over thousands of potential people wanting to start home based business, but will, in the end, only invest in a few. Also, some venture capitalists take little role in business decisions, but others may want significant in influence in how you start home based business.

The other type of financing available to start home based business, debt financing, also has a number of sources. Most often these resources to start home based business are banks, savings and loans, commercial finance companies, and the United States Small Business Association. There are a number of state and local programs available to help you start home based business. Family members, friends, and more can also be sources of debt financing to start home based business, but financial institutions are still the most traditional ways to gain this type of financing. Financial institutions also have a tendency to offer short term versus long term financing when you are going to start home based business.

Read the rest of the article here: Start Home Based Business.

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Home Based Business Residual Income – The Joy Of Success In Home Based Business Opportunity Program

It seems that millions of people have dabbled into various home based business programs and spent money and time for a couple of years working themselves to death to succeed but have failed miserably and are frustrated and may have given up on their dreams of creating true wealth and financial security from a home based business.

Are you one of these people?

If yes, read on to discover an eye-opening “SECRET” which may rock your world and finally give you the little known “SECRET GOLDEN KEY” to unlock vast internet wealth and make all your dreams to come true.

Most people got fade up from doing 9-5 jobs and all the stress and hassles involved and decided to try their luck in doing home based business opportunity programs which they operate from home to generate auto-pilot cash flow.

However, most of these people are ordinary folks who have no computer programming or business marketing or webmaster or web designing or website promotion skills.

Therefore to get their home based business programs off the ground, they had to spend a lot of time and money to seek and find website designers, web hosting companies, website marketing information and had to read hundreds of e-zines, e-books as well as attend $5000 hot seminars conducted by snake oil internet marketing wannabe gurus.

Yes, there are millions of people who are making large amounts of money doing home based business programs and even affiliate programs.

Ironically, they include these so-called internet-marketing gurus.

However, the problem is these so called internet marketing gurus are slick because they do not tell you the whole truth about the “secret” to get rich doing home based business program, because they don’t want you to know the WHOLE “SECRET” and become their competitors!

They do not tell you the WHOLE TRUTH about how to generate website traffics.

If you cannot generate massive website traffics, you will not get website visitors or sales and you will fail.

There are very powerful little known secrets on how to generate massive website traffics for any home based business program.

However, the so-called gurus and webmasters do not share all the secrets.

They sell only half-truths to you for $39.99.

Half-truths are very dangerous because they complicate matters and waste your valuable time and resources.

The so-called internet-marketing gurus have told some home business owners to buy traffics from traffic companies, to do banner advertising, to do opt-in e-mail marketing or joint ventures.

Most of these internet-marketing strategies have been dead and invalid for a few years now. They do not work anymore.

There are millions of fake traffic companies selling 1000 traffics for $10, 50,000 traffics for $50 and 1,000,000 traffics for $500.

So, you spent your hard-earned money to buy their website traffics services.

They told you it would take about a month for them to deliver all the website traffics and that a report and proof will be sent to you after the website traffics were sent to your website.

So you waited for a month, but at the end, you did not get even one sale, even though the traffic company claimed they had sent 1,000,000 website traffics to your website and also gave you a proof for it.

What you did not realize was that, yes, they sent 1,000,000 hits to your website, but they were computer generated (using a script).
They are not real human beings!

That was the reason why you did not generate even one sale.

You had been conned and ripped off!

So, you felt angry, scammed and frustrated.

Therefore, you decided to try to get website traffics from the search engines.

So, you squandered $5000 to attend seminars by the so-called internet- marketing gurus and spent a lot of time reading all their hare-brained silly e-books and listening to their audio tapes and watching their videos.

From all these you probably learned how to optimize your website, do link exchange and submit your website to search engines.

But what happened after you did all these as they instructed you to do?

To your horror, you discovered that the major search engines would not even index your website for at least 6 months!

That is what is called being sandboxed.

They placed your website on probation for at least 6 months.

So, there was no way for you to get any website traffics for at lest 6 months.

Your website had not been included in the databases of the major search engines.

So, since there was nothing you could do about that, you decided to wait.

You waited and waited for 6 months.

Then luckily, finally in about 8 months they indexed it.

Therefore, you started expecting website traffics and hits from the search engines so you could finally start making sales and earning income.

But what happened when you checked your keywords positions in the major search engines?

You became shocked to discover that the largest corporations dominated all your keywords and your website could not be found in the top 100 websites in the search results!

Holy mackerel, you moaned.

No wonder you were not getting any website traffics, hits or making any sales!

Ouch. That hurts.

It was then about 1 yr since you started making efforts to earn income from a home based business program.

At that point, you were angry, frustrated and disappointed.

Who would blame you?

Nobody enjoys failure.

So you decided to fight on by hiring a website search engine optimization company (SEO or SEM) to do all the work for you so you could get to the top 10 positions in your keywords and begin to generate traffics and sales.

You plunked down $2,500 for the SEO company to work their SEO “magic” for you, in addition to agreeing to pay another $100-$250 monthly for them to maintain your keyword positions.

They told you that you should not expect any result for at least 3 months-6 months and you had to agree because you had no choice.

If the SEO company you hired was a genuine one and they did their work right, yes, in 3-6 months, you would finally start getting website traffics and sales.

Yahoo! You exclaimed out of excitement.

At last, you finally made it.

You felt happy and wanted to scream and tell the whole world.

Sales were coming in.

You were then able to start paying some of your bills, especially your rent or mortgage, insurance, medical and car loan as well as other payments.

But after 3 months when the major search engines updated their databases, your keyword positions disappeared and suddenly your website traffics as well as your sales screeched to zero!

You were back to where you began a year ago! Zero!

No traffic and no sales, in addition to having spent $2,500 and additional maintenance fee of $100-$200 monthly for about 3 months.

When you phoned the SEO company, they told you that it was not their fault and they would keep charging you $100-$200 monthly as you agreed and that you must have patience because after the next search engine update, your website keyword positions could go back up to the top 10 positions again.

You do not have to go through this. Enough is enough.

This is not how those who are getting rich online are making it.

There is a better way to get rich online without selling your soul to the devil and having a heart attack.

And what is great about it is that there is no website required, no product/services to promote, no search engine optimization needed because there is nothing to sell.

So, you do not need any website traffics or to squander your hard earned money paying website search engine optimization companies $2,500 plus $100-$200 monthly.

This little known but extremely potent and powerful millionaire’s secret of creating, preserving and propagating wealth is 100% legal, easy and fun to do.

All you will be required to do will be to open a special “INTERNET FINANCIAL ACCOUNT”, click your mouse and enter a “SPECIAL CODE NUMBER”, then click your mouse a second time and you make money.

The amount of money you make may vary from $100 every hr to $2,500 daily and even $100,000 monthly.

And you can make fast cash all day, 7 days and 365 days from the comfort of your home or office and from any country in the world.

There is no limitation on how much money that you can make.

It is the fastest and greatest “SECRET” to creating infinite wealth on the internet without doing any work.

Read my lips: no work. Nada. Zip.

This is hot stuff and that may be the reason why you might not have heard about it because the millionaires and the “power elites” who have been using it to create vast wealth without doing any work have hushed it up and jealously hidden it and kept it away from the public.

Can you blame them?

If you wake up tomorrow and discover that there is a goldmine or treasure in the ground under your home, will you place a full-page ad in New York Times newspaper to tell the whole world?

With the millions of dollars which you could potentially make from this $100,000 monthly for life, millionaire’s “SECRET”, you’ll be free like a bird to buy a mansion, with the most lavish and expensive furnishings, jewelry, antiques, electronics, a 50ft yacht, dream luxury cars, pick your choice: Lexus X470, $44,000 Jaguar 2007 S type, Silver Porsche Carrera, $180,000 Ferrari Testarossa, Mercedes 2007 Model S Class, 2007 Rolls Royce Silver Seraph, Bentley Mulsanne S, $220,000 Bentley Arnage Silver Tempest or a flaming red Lamborghini Jalpa!

You can make all your dreams in life to come true, without any hard work!

May these insights into home based business opportunity, online income opportunity, internet wealth secret, internet millionaire secret, shortcut to online wealth, home business internet money making, earn income online, residual auto-pilot cash flow program, website traffics, website sales, affiliate program, website marketing, website search engine optimization, SEO, SEM major search engines, website internet-marketing gurus, help you make millions of dollars and to achieve your life’s ambitions and dreams.

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Ikey Benney

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Financing a Franchise Business? What You Need to Know to Obtain Finance for a Franchise

Can too much expert knowledge in financing a franchise business ever be a bad thing? We certainly don’t think so and we’ll show you how to obtain finance for a franchise business that you have chosen to purchase.

When talking to clients about franchise finance in Canada we generally talk about the Boy Scout motto. You will recall that their motto is ‘ BE PREPARED ‘ and that’s the total strategy around financing a franchise successful that you must adopt.

Getting the money to purchase your franchise of often the biggest worry of new entrepreneurs such as yourself. People search out franchising opportunities because they are essentially looking for a combination of opportunity and wealth – there is usually only one major obstacle to that road to success, it’s the funding for the acquisition of the franchise business.

If we had to summarize in a very simple and basic what you need to be successful in franchise financing we would boil it down to a few key issues. Want to know what they are? From our perspective it all comes down to a reasonable history of business or management experience, a decent personal financial profile – more about that one later, and access to the ‘ inside secret ‘ of franchise financing in Canada, which, you may be surprise to know, is the government of Canada!

Let’s circle back on those points – and as always it comes down and back to our Boy Scout motto – be prepared. We can see our client’s eyes rolling back now when we tell them we need a crisp business plan. That’s a key requirement of your ability to obtain finance for a franchise, simply because it’s the ‘ proof’, if you will, of your ability to understand and run your business properly. In that document you have info about yourself, the business you are purchasing, the industry you are in, and the financial performance you expect to achieve in your new role as business owner and entrepreneur.

From a lenders perspective financing a franchise business is all about one thing – getting paid back for the loan. So the lender will look at how you have structured the financial portion of your business plan to reflect ability to repay your franchise loan, as well as how much cash flow and working capital is left to pay yourself a salary and run your new business. Could anything make more sense than a properly crafted and positioned business plan – we don’t think so.

Your money – you have it, you want to keep it – don’t we all. However, whether it’s a franchise business or any business for that matter OPM never works – OPM is ‘ other people’s money’ and you can’t rely on 100% of outside financing to obtain finance for a franchise in Canada. So be prepared to invest anywhere from 25-50% of the purchase price into your acquisition. Coupled with that and this is critical, you must be able to demonstrate that you have run your personal and business affairs respectably from a credit perspective. Obtaining a copy of your credit report, in advance, by you, is strongly recommended.

And, oh yes, what about that Government Issue we mentioned. That’s one of the great secrets and tips we promised to reveal. Did you know that probably 90% or more of financing a franchise business in Canada revolves around a special loan program called the CSBF/BIL loan? It’s a federal program, and administered by financial institutions. Whats so great about it – limited personal guarantees, great rates, terms and structures.

Speak to an expert in franchise financing when you are looking to obtain finance for a franchise – seek out someone who is trusted, credible and experienced. Be prepared, and get ready to be successful.

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Financing Sources and Types to Ensure Successful

Money is of extreme importance nowadays. Almost
everything that we do involves money. The same is true
if one wants to venture into business or buy a home
which is one of the basic needs for survival. Financing
or supplying of funds in business is a must to make it
grow and achieve the desired expected profit (together
with the right planning and managing). Common mistakes
encountered by new entrepreneurs are wrong financing
sources, underestimated amount needed for capital and
inflexible financing types. These problems however can
be prevented by careful planning and analysis of the
various factors involved in starting a business.

In general, business people can choose from the two
types of financing, the debt and equity financing.
Equity financing is the type commonly used by small or
growth stage entrepreneurs. The sources for this type
involves the center of influence that trusts the
entrepreneur, such as friends, relatives, family
members and other people interested in investing their
money in the business. However there are also
capitalists who are ready to take the risk of financing
small businesses. These capitalists may include
financial institutions, authorized government agencies
or well-to-do individuals in society. There are also
venture capitalists that finance new business in the
industry to get equity. Businesses that have been in
the industry from three to five years are preferred by
venture capitalists. They have various methods to
manage or deal with the businesses that use their
financing or invested money. They can influence the
decision making policies of the business in the event
its performance does not come up with the expected
result.

Another general type of financing is debt financing.
This type has varied sources which include Small
Business Administration Loans, commercial loans through
banks and personal loans from family, relatives and
friends. The government recognizes the importance of
business in the economy of the country and that is why
they offer programs that can encourage the growth of
small enterprise by having their own financing agencies
tp help a lot of young business people and
entrepreneurs. Debt financing through banks is the
traditional means to fund a business. The banks act as
a short term lender for the business person to have the
needed money to buy equipment and machineries necessary
for the business to flourish. The SBA or Small Business
Administration Loans are used in the case of local
banks. The loan that can be acquired can be from $5,000
to $2,000,000.

From these two general types of financing branch the
various kinds of financing involved – not just in
business but in other fields as well. A few of which
are piggyback financing, owner financing and creative
financing. Piggyback financing is used by home buyers
who want to avoid mortgage insurance which is required
when the mortgage is more than 80 percent of the
purchase price. Through piggyback financing, the
borrower can have two mortgages with costs that may
vary. Owner financing happens when the owner or seller
of the property is the one financing the buyer so in
this case the owner acts as the bank. The buyer in turn
can pay the needed amount monthly or whatever may be
the agreement instead of going to the bank for
financing. Creative financing happens when the house
buyer has a third party lending institution which can
be a bank or a loan agency.

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