A Speculator Is The Same As An Investor, Whether You Like It Or Not
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 themselves speculators.
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 themselves.
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 does it?
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 … READ MORE ...
Capital Finance, How to Go When You Need Funding
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 business.
You need to have a good management team and a fast growth … READ MORE ...
Customer Service + Longevity
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 deal…”
Retention
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 … READ MORE ...
Discover Unknown Benefits of Having a Travel Insurance on Canada Trip
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 Cover
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 Emergencies
Traveling overseas can mean falling prey to unfamiliar illness. For anyone who is travelling to another country, this is … READ MORE ...
Alternatives and Tips for Working Capital Financing by Banks
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 capital.
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 … READ MORE ...