One might wonder: what is the
difference between being a speculator and being an investor. There a lot of
controversy on this matter and many opinions. Some believe they are the same,
some believe they are complete opposites. I believe that they both mean the
same thing but they are only perceived differently. Some might prefer being
called investors but I do not know many people who would like to call
Investors sound smart, sound
highly intellectual people with a decent and big education. Speculators on the
other hand, sound like that twisted guy making all sorts of plans on how to get
rick quickly! But that is not completely true. In my opinion all speculators
are investors and all investors are speculator, regardless of what they call
You can easily understand why
someone would claim an “investor” status instead of a speculator.
Take for example financial advisors: imagine if you went to your bank and you
would like to make some good use of some money that you might have available.
Then, you call the manager and he introduces himself “Hi, I’m here to help
you with your speculation strategies”. That does not sound really good
That is why most will call
themselves investors instead of speculators since investors will be better seem
in the society. But make no mistake, investors are also speculating whether
they like to admit it or not. When you invest, you are SPECULATING about a
future price or condition that will enable you to make a profit. If you analyze
both through this definition, then you will see why there is no difference
whatsoever between those two famous words.…
At one point or another, many
people need funds to start a business or project or even to buy assets.
However, most of the time they don’t have the capital needed to do it.
Resources for resources can be very stressful and busy. You cannot give up even
though there are many sources of capital available if you do your research. If
you want to achieve financial freedom, you may have to take risks but they must
be taken into account. You should always look at your finances before you go
out to look for alternative funding methods.
However, if you don’t have a lot
of money saved, you might have to borrow. Many people approach banks and other
lending institutions when they need capital financing. You must have a solid
business plan, accurate cash flow projections, guarantees and besides they will
check your credit to see if you are a risky business. You can choose to apply
for a state grant.
What you need to know is that they
are very competitive and you have to really obey the rules and regulations of
how the money should be spent. The chances of you getting one of these are
limited so you are advised to keep other options open. Venture capitalists have
been recognized as a good source of financial capital. There are special
qualifications that they are looking for when they want to invest in your
You need to have a good management
team and a fast growth plan so that venture capitalists are interested. It’s
not too difficult to get financing for your personal business or project
because there are many choices available. You must choose the option that best
suits you based on payment, obligations and flexibility settings.…
Trying to get new customers is a full-time
job. Potentially, prospective customers are everywhere, but getting their
interest and attention can be extremely time consuming. Sometimes there isn’t
much time left over to focus on other customer service and sales related
aspects of managing your business. One strategy many businesses use is to try
to obtain repeat business from former or existing customers. It’s far easier to
get a sale from someone who has already purchased from you, especially if they
had a great experience
When Was The Last Time You Checked On An Old Customer?
Existing customers can easily get lost (and
forgotten) in the shuffle when a business is trying to grow. Unfortunately,
when we lose an existing customer for a new one, we haven’t gained anything. We
have however, lost time, money, and effort by letting one get away. With every
customer that goes somewhere else, their investment (in you) goes with them.
They will also be the hardest customer to get back. In Entrepreneur Magazine,
Gary Vaynerchuk’s blog reminds us of the difference between farming and hunting
when it comes to repeat customers,
“Farming is focused on nurturing your
customer through a caring relationship. Hunting is trying to close another
In a challenging economic environment
sometimes all you can hope for is retention, when it comes to market share.
Customers will only be loyal to you if you are loyal — and attentive, to them.
A loyal customer base is what creates the foundation for your livelihood. Without
customer retention, you have nothing. The ability or inability to retain
customers is the difference between life and death to a company. Remember,
businesses need to participate in the lives of those whom they wish to
participate in the lives of their business.
Canada is a land of scenic beauty. However, a badly planned trip to Canada can give one a sour time. In the itinerary checklist, one should never forget to get travel insurance. Travel insurance for Canada can save you from unforeseen expenses. A wide range of cover can be availed in travel insurance such as cover for damage from an accident, medical emergencies, theft of personal belongings or cancellation of flights. While evaluating travel insurance plans, make sure to look for different categories of policies based on factors like category of the person traveling – senior citizen, businessmen, etc. A frequent traveller, for example, can choose an annual plan. Tailoring an insurance policy so that it covers a group is also available. Some of the major benefits that you can avail on buying travel insurance Canada are:
Get a Cost-Efficient Comprehensive
The mundane task of buying travel
insurance can actually sometimes help you avoid grave financial losses. Begin
by listing down the covers that you need. Then, if you are traveling in a
group, list down the categories of people. In case you are a frequent flyer,
list down the number of trips. Buying a policy that suits your needs means
avoiding buying an expensive policy that does not meet your demands. It also
assists in avoiding cheap policies that do not provide adequate cover.
Travel Policy Covers Medical
Traveling overseas can mean falling
prey to unfamiliar illness. For anyone who is travelling to another country,
this is one of the most undesirable situations. Any such health emergency can
lead to sky-rocketing medical costs. Buy a travel insurance policy that
provides comprehensive coverage such as cover for hospital expenses, expenses
pertaining to medical emergencies, medicinal bills, expenses for existing
illness, et al. Have a relaxed time in Canada …
Canadian business owners and
financial managers who seek finance by banks or other sources generally
experience growth in sales and profits. That’s the good news, which of course
is offset by the fact that this type of success requires additional working
Liquidity has become the name of
the game and ‘money is king’ even today never seems like an old-fashioned
cliche? . A recent study by the Conference Board of Canada shows that the main
concern of business owners is working capital cash flow. (Also referred to as
‘regulatory and competition issues’)
So you have assets … but can
those assets generate cash flow by banks or other alternative sources.
For working capital needs, this is
all about ‘current assets’ which includes receivables and inventory. When you
invest in these two assets to generate sales, your working capital needs
increase, and your ability to manage and hand over those assets plays a key
role in the provision of working capital by banks, and non-bank institutions.
You don’t need to be afraid to get
into traditional or alternative working capital solutions if you have managed
your current assets correctly – you only make money for liquidity, and that is
rarely a bad thing.
So, Canadian chartered banks are
the solution for your needs. Maybe, maybe, maybe our answer, which means that
if your company is able to meet the bank’s criteria for a revolving credit
line, your needs can usually be met. What is even more concerning for our
clients is their ability to not be able to produce enough financing for a
sister from receivables, aka inventory.
That then led us into an
alternative to bank financing, which is a fast-growing area of asset-based
financing, specifically asset-based credit lines. This facility is more expensive,
but gives you a total …