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Loans 101

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We’ve all heard the old saying: Timing is everything. It’s an adage that holds especially true in the business world, where unpredictable fluctuations in demand and supply can mean banking in, or getting phased out. But whether you’re riding high or dipping low in your respective business cycle, you might be surprised: it could be the right time to get a business loan- and it happens more often than you think. A common misconception is…

In order to start a successful business, besides a good business idea, we need sufficient knowledge to manage the business. Without it, an entrepreneur can have a wrong understanding of their business condition. A lack of analysis can result in entrepreneurs only looking at a business from the profit point of view without thinking about cash flow. Conversely, there are also entrepreneurs who only see the availability of cash as an indicator that a business…

In starting a new business, an entrepreneur needs more than just a business idea. Funds or capitals are needed to realize a business idea. Therefore, many entrepreneurs usually try to apply for business capital loans to institutions such as banks. Loans can also be in the form of unsecured loans or guarantees. But many entrepreneurs fail to get loans. So, let’s go through the 5 tips for smart entrepreneurs when applying for loans. 1. Evaluate…

If you ever have a credit card, a loan or a bill, then you may have heard about credit reports. What is a credit report? How does it affect your business? In the midst of increasingly advanced financial environment, everyone must understand the definition of a credit report because this is one of the most important documents in your financial life. What is a Credit Report? A credit report is a collection of information about…

Many business people felt so relieved in the past few months because of the tax amnesty which was given by the government. Tax amnesty is elimination of tax that should be owed. Taxpayers could be relieved from any sanctions by participating in the tax amnesty program. The tax amnesty in Indonesia lasted for 10 months from July 2016 to April 2017. Now that the tax amnesty program is over, tax calculation has returned as before.…

It is of course very important for business people to know and understand the mistakes that can damage your business credit score. If not, it is possible that your company will soon be out of business with huge losses. This depends very much on how much capital you spend on these business activities. As this is important, you are required to be able to build a good credit score for your business. This certainly brings…

What is a cash flow analysis? Cash flow analysis is a cash flow report which is related to financial statements. It contains cash receipts and expenditures in a company for a certain period. With the cash flow analysis, you, as business owner, can know more about the finances of your company, what is actually profitable or experiencing losses. You can say that cash flow analysis is right way of calculating profits for a business. Even…

Building a company is certainly not an easy thing. Many things must be prepared, starting from business ideas to capital. Building a company not only requires a brilliant idea, but enough capital must also be prepared. If you think realistically, no business can be started and expanded without financial flow. Do you know that many small business owners give up on their global changing idea because of financial difficulties? However, there are currently many financial…

It’s a situation that all of us have heard of or experienced personally. Without warning, times suddenly get bad for business, there’s a sudden unanticipated cash crunch. Or maybe through bad luck all the invoices will come due in only a few months time, but cash is needed now. So the business owners decide it’s time to take a loan, something to help them to stay afloat while they figure a way out. They…

Singapore’s ecommerce market looks poised for growth. A report by investment arm Temasek Holdings and tech giant Google revealed that the market will grow more than five times to be worth S$7.5 billion by 2025. Having sufficient financial resources can make the difference between businesses that are able to tap into these growth opportunities and thrive, and those that lose out in the competitive ecommerce landscape. Yet small business owners are often hindered by the…