4 Things You Must Look for in Mortgage Broker before Hiring

Taking the first step onto the property ladder is a big move in any person’s life, so it is important that you do not rush when deciding about it. Read up about mortgages as much as you can as there are lots of websites with plenty of useful information, such as the Australian Competition and Consumer Commission website. When you know the type of mortgage you require, you will then need to find a reliable and trustworthy broker to help you make that first step.

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5 Factors to Consider When Choosing Car Finance Broker

Car Purchse
Unless you have enough money upfront, you will need to work through a car finance broker if you want to purchase a vehicle. These brokers can help you obtain a car loan, which will allow you to purchase a vehicle when you need it, rather than waiting until you have saved enough money. It is important to realize, however, that not all finance brokers are alike, and not all of them are looking out for your best interests.

It is crucial, that you take time to search for a car finance broker that is right for you. Below we show number of factors you need to consider when financing a car.

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3 Step Process to Sell Your Business without a headache



While it’s important to understand that selling your business is a serious undertaking and will require a lot of work, it doesn’t have to be a stressful headache. If you are not well prepared sling can be very stressful. What’s more, you’ll get less money for your business than you would have if you’d prepared ahead of time. On the other hand if done properly you can not only sell your business faster and for more money, but also you will have less stress throughout the process. Here is a 3 step process we have identified that helps you accomplish just that.

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Selling or Buying Car Dealerships Just Got Easier

Car Dealership
For someone who owns a car dealership or has an interest in selling one, it can be difficult to know how about it. After all, car dealerships are not like the iPhone. You can’t just go into a store and pick one up. In the past, the process has been arduous. Would-be buyers or sellers have had to wait for information on who might be looking to unload their car dealership or who might be looking to purchase one. This makes the process lengthy and unnecessarily difficult. The good news is that this seems to be changing. Now, there is a way to buy or sell an entire dealership without having to struggle through a lengthy process.

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Sell your Business Fast by Following these Best Practices

In my non-scientific estimate every one month delay after you have put the business up for sale reduces the price you will get by about 0.5%. For a business worth $100,000 this translates to a loss of approx $500 every month! In addition, the delay in completing the sale can not only result in deterioration of the business, but you can start losing important employees and customers if they get a hint that you are planning to sell the business. That’s why it is imperative for the business owners to complete the sale as quickly as possible after you have decided to sell it.
Now, selling the business is an inherently complex and time consuming process. It is not uncommon to find businesses that have been on the market for 6 months before the sale is complete. However, with little planning and preparation it is possible to reduce this time. Read on to find out how.
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7 Best Practices to Follow When Buying Small Business

Very few decisions have as much impact on your life, as well as of those around you, as the decision to buy a business. This is one of the biggest decisions you will make, other than the decision to get married or have kids. Yet many people jump into this without carefully examining what it takes to run a small business. They get blindsided by the myths about owning a small business and end up paying a huge price, both in terms of money and stress, for a long time. With that in mind, we have compiled 7 best practices to follow and understand before buying a business.
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Lendio helps small business owners find lenders

We have discussed in the past how challenging the last 2 years have been for small business owners who want to borrow money to start or expand their business. The Great Recession of the century has made banks jittery about taking on risk and lending money to small businesses. We have also mentioned some creative ways you can use to start business with little money.
Recently we came across a new startup that aims to help small business owners find lenders who are willing to give them money. The startup is called Lendio The goal of this web start up is to “help small business owners find right business loans in a matter of minutes.” According to their web site they can do this with a simple 3-step process – 1) Business owners answer simple questions about themselves and their business. 2) Lendio looks for a match between your loan needs and over 3,000 banks and other lenders. 3) Business owners apply to multiple lenders on the web site and get status updates.
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How can you overcome biggest buyer fears when selling your business

We have been discussing what preparations the small business seller needs to make before listing the business for sale. There are items seller needs to start taking care of as much as 1 year in advance As the sale process gears up you need to prepare number of documents for the sale to complete fast and without any major hiccups.
The biggest obstacle to the sale of small business stems from buyer’s FUD (Fear, Doubt and Uncertainty). When the buyer is betting hundreds of thousands of dollars on the business and is committing large part of his future life he is bound to have cold feet and second thoughts at some point in the process – just like in marriage!!! Your job as a seller is to address these FUDs and alleviate buyer’s anxiety.
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What do you need to do 3 months prior to listing your business for sale

We mentioned in the previous post that selling a business is a long, arduous process. It is not uncommon to take more than a year to sell the business. In the post we showed items you need to take care of 1 year prior to putting your business for sale.
As the date of putting the business for sale approaches there are additional items you need to start working on. Just like selling your house, you need to get your business ready 3 months prior to listing date. The goal is to spruce up the image, both physical and virtual, of the business so that the buyer will find it attractive and worth paying for. You should also aim to remove the fear and uncertainty in buyers because this is the single most reason why many buyers are reluctant to sign on the dotted line at closing.
So, what actions do you need to take 3 months in advance? Here is a list of items we think are important based on our prior experience.
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What do you need to Prepare before Selling Your Business

Selling a business is a lot like selling your house – only lot more difficult and time consuming. It is not uncommon to take more than year to sell the business – from the time it is put on market to the time the closing papers are signed. Anyone who has been through the selling process knows that there are number of aspects you need to take care of long before the business is put for sale. What makes it more challenging is the fact that you need to do it all while running the day-to-day operations of the business and ensuring that it does not suffer during the selling process.
There are steps you can take to make the process of selling the business easier for you. They can also help make the sale go faster; which is very important for any seller. The longer it takes to sell the business, the more chances of something going wrong and the sale falling through.
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