Summary:Outperform the market everytime! A trading strategy that consistently beats all major indexes. Information is FREE. No subscription required.
Keywords:Trading Strategy That Consistently Beats All Major Indexes
Article Body:Are you looking to outperform the market and optimize your profits but are not sure how to pick the right stocks? Has investing become a chore? Do you find yourself investing in hot stocks after they have made their big move? Would you like to learn how I increased my portfolio by over 400% in under 7 years? Do you want to discover how I have outperformed the market over the past 3 years by a margin of 5 to 1?
Do You Hate Research? . . . I do!
I have always wanted to find an investment strategy that made sense. An investment strategy in which I do not need to know the intricacies of the market, predict market trends or follow specific stocks. How can I get the inside information of what is hot before the rest of the market knows? I can't. Nor do I need to.
Plus, I don't have that kind of time to commit to in-depth research. Like you, I have a regular job that I need to devote my time to. I am not a day trader; nor do I want to spend all of my free time on the computer doing research. Always following the stock market and getting stock quotes is not how I want to spend my free time.
I Avoid Individual Stocks . . . they are too unreliable!
Everybody wants to buy low and sell high. While millions of people do make money this way (and many millions loose money), I have found an easier and more effective way to use the market to my advantage. I do not trade in stocks. I do what I can to avoid individual stocks. And I consistently beat the market . . . month after month after month.
If not stocks, what's the alternative?
Like many people, I got heavily involved in the stock market in the mid to late Nineties. Tech stocks were going through the roof and I, like everybody else, wanted a part of the action. It seemed an easy way to make money. Everybody was getting rich. You did not need a special investment strategy to beat the market.
During this time, I engrossed myself in the financial markets. I wanted to learn as much as I could without giving up my day job. I was trying to find the next best tech stock, IPOs and the occasional pre-IPO offering. But it was not until I discovered options trading that I discovered an investment strategy (The Yager Trading Strategy) that can work in any kind of market . . . Bull, Bear or stagnant.
That's right...OPTION trading!
And I am not talking about stock options or writing covered calls. Options trading...I started selling options on S&P futures, using different methods and trading strategies. And I did well. VERY well.
Between July 1998 and January 2000 (a span of 18 months), from my option trading system, I turned an initial $25,000 investment into $167,615. That's over 670% increase. And this was not paper money where you buy a stock and it has a certain listed value. This was real, taxed income. Profits collected on a monthly basis.
Market fluctuations and volatility have diminished greatly since then...reducing the premiums. Those types of returns are no longer available, but the option trading strategy is still very sound. I still consistently beat the market. Even the years the DJIA, Nasdaq and S&P were all down, I posted more than a 22% gain.
Learn the option trading strategy or see how to make money with this strategy. I describe the strategy and show actual recent trades on YagerInvesting. The information is FREE. No subscription required. This is a method for risk capital only.
For the preceding 12 months (May '06 through April '07) this is how my strategy, The Yager Trading Strategy, performed:
DJIA-----20.3%NASDAQ-----14.7%S & P 500-----17.3%Yager Trading Strategy-----32.2%
Thursday, August 11, 2011
Wednesday, August 10, 2011
A Disciplined and Organized Approach to Trading in the Stock Market
Summary:90% of traders in the stock market lose money most of the time. Find out what consistent winners have in common.
Keywords:trading software, day trading, swing trading, stock trading, online trading, trading systems, trading logs, trading software, stock market, day trading courses
Article Body:A Winning Approach to Trading in the Stock Market
Many traders lose simply out of ignorance. They base their trades on hunches, news, or tips from friends, and do not define specific risk and profit objectives before placing trades.
Keywords:trading software, day trading, swing trading, stock trading, online trading, trading systems, trading logs, trading software, stock market, day trading courses
Article Body:A Winning Approach to Trading in the Stock Market
Many traders lose simply out of ignorance. They base their trades on hunches, news, or tips from friends, and do not define specific risk and profit objectives before placing trades.
Others have the merit of educating themselves but fall victims of their emotions. They hold on to losing positions hoping they will turn into winners and sell winners by fear of losing a small gain. They overtrade to fulfill a need for action or by fear of missing out.
The consistent winners follow a winning approach:
- They have a strategy to enter and exit trades
- They use good money management
- They take consistent actions, they follow a trading plan
- They keep good records so they can review their actions
- They avoid overtrading
- They have a winning attitude
A strategy to enter and exit trades
You need to a strategy to put the odds in your favor for each trade you take. Your strategy should be as objective as possible and include the following elements:
- Entry: conditions required before you can enter a trade - may include technical analysis, fundamental analysis, or both.
- Initial stop loss: price at which you will close the entire position if it does not go in your favor. The risk per share is the difference between the entry price and the initial stop.
- Initial price objective: price at which you will take some or all profits if the trade goes in your favor.
- Trade management: set of rules that dictates your actions while a trade is opened. It may include trailing stops, closing position, etc…
For every action you take, the reason should be clearly described in your strategy.
Money management rules to keep losses small
The goal of money management is to ensure your survival by avoiding risks that could take you out of business. Your money management rules should include the following:
- Maximum amount at risk for each trade. The different between your entry price and your initial stop loss is your risk per share. Your maximum amount at risk for each trade determines the share size.
- Maximum amount at risk for all your opened positions.
- Maximum daily and weekly amount lost before you stop trading – avoid trying to trade your way out of a hole after a loosing streaks.
During your learning phase, your goal should be to survive, not to make money. Start with low limits and raise them as you become a consistent winner otherwise you will simply go broke faster.
Good record keeping
Although the process of gaining experience cannot be rushed, it can be made much more efficient by keeping good records of your actions. Good records will allow you to:
- Review your actions at the end of each day to make sure you followed you strategy, not your emotions.
- Learn from your losses – they cost you money, make sure you get the education in return.
You should also keep a journal of your observations.
A trading plan to keep emotions out of your decisions
During trading hours, emotions will turn smart people into idiots. Therefore you have to avoid having to make decisions during those hours. This requires a detailed trading plan that includes your strategy and your money management rules.
For every action you take during trading hours, the reason should not be greed or fear. The reason should be because it is in the plan. With a good plan, your task becomes one of patience and discipline.
You have to follow the plan without exception. Any valid reason for an exception - for example, correcting an oversight - should become part of the plan.
Overtrading
Sometimes the best thing to do is to do nothing. Not trading on those bad days is key to becoming a consistent winner – in some situations it is very tempting to overtrade:
- If you trade to fulfill a need for action, to relieve boredom
- If you can’t find the proper setup but can’t wait
- If you fear you are missing out on a great trade or on a great market
- If you want to make up for losses (revenge)
- If you trade to feel like you are working instead of sitting around. Trading involves a lot of work other than the actual buying and selling.
You should not trade under the following conditions
- You are not following my trading plan
- You have reached your daily or weekly maximum loss
- You are sick or very tired
- You are very emotional (upset, pressured to make money, self-esteem destroyed)
- You are using new tools you are not completely familiar with
- You need time to work on your trading plan
A winning attitude
Losing traders look for a “sure thing”, hang on hope, and avoid accepting small losses. Their trading is based on emotions. You must treat trading as a probability game in which you don’t need to know what is going to happen next in order to make money. All you need to know is that the odds are in your favor before you put a trade.
If you believe in your edge, which is you believe that the odds in your favor for each trade you enter, then you should have no expectation other than something will happen.
Your attitude will have a direct influence on your trading results:
- Take responsibility for all your actions – don’t blame the market or world events.
- Trade to trade well and for the love of trading, not to trade often and not for the money. The money will come as a result of trading well.
- Don’t be influenced by the opinions of others. Reach your own decisions and follow them.
- Never think that taking money from the market is easy and never assume that you know enough.
- Have no particular expectation when you place a trade because you know that anything can happen.
- Don’t try to guess the future – trading is a game of probabilities.
- Use your head and stay calm – don’t get excited or depressed.
- Handle trading as a serious intellectual pursuit.
- Don’t count how much money you have made or lost while you are in a trade - focus on trading well.
Trading Framework was designed to help you build those crucial elements into your trading.
www.tradingframework.com7 Things You Need to Know Before You Start Investing...
Summary:Don't throw your money down the drain! Do a checklist of the 7 Things you really must know before start investing...
Keywords:beginner investors, general investing, investing, investment, money management
Article Body:Copyright 2006 Jason Chew
1. Know your current financial situation. Know you debts level. Calculate your income and expenses by taking into account the following:
Mortgage repaymentsPersonal tax Loans and overdrafts Living expenses Emergency funds Car expenses Entertainment Holidays School fees Credit card debts Family commitments
Before you start investing your money on any investment products, you should know how much you could spare each month for investment. General rule is that, you should clear your debts first, then save and invest later. That is to say the more money you put aside now, the better it will be for your future. I would say put aside 10% of your income for rainny days. 10% is a small amount that you won't feel a pinch. Save it until you have managed to build a "dam management funds".
2. Prepare funds for dam management. This goes in line with point 1. You need to keep at least 3 to 6 months ofyou income as dam management. After you have managed to do that then additional money that you saved can be used to invest.
3. Protect yourself and your family first. By this point, I mean you should have the basic life insurance that insure you and your family against terminal diseases and accident. This is very important as even though you might loose all your money through investment and if you or your family members need medical attention, it will be well taken care of.
4. Know your risk level. If you are not able to take big risks, short term investment and swing trading is notfor you. It's better to invest in mutual or trusts funds which will give a steady payout and have lower risk.If you are a high risk or medium risk taker, you can try invest in stocks, growth and hedge funds.
5. Diversify your investment. Expert would tell you it is a must to diversify your investment. Your investments needto have a steady mix of stocks, mutual funds and/or bonds. Beside that, your should invest in different industryand/or different regions. This will help you minimize your risk as fluctuations in the markets will not have a big impact on your investments. Your ideal mix will be 20-40% stock and the rest mutual funds and bonds.
6. Do your homework before you invest. It is good to seek expert advice. But, the money is ultimately yours. So you need to do some research and make a sound decision on what to invest even though your financial advisors might have already worked it out all for you. This is to make sure you know what you are investing and able to keep track of them. If your investments suffer loses you will be able to make a right decision whether to sell or hold if you know your stuff well.
7. Do stock take yearly if not frequently. Your investment might already be reaping in profits. But, it is good to know how well you fare at the end of the day. Reinvest the profits and celebrate if you have success. This will serve as motivations for you and will make you more determined to acheive your financial goals.
Keywords:beginner investors, general investing, investing, investment, money management
Article Body:Copyright 2006 Jason Chew
1. Know your current financial situation. Know you debts level. Calculate your income and expenses by taking into account the following:
Mortgage repaymentsPersonal tax Loans and overdrafts Living expenses Emergency funds Car expenses Entertainment Holidays School fees Credit card debts Family commitments
Before you start investing your money on any investment products, you should know how much you could spare each month for investment. General rule is that, you should clear your debts first, then save and invest later. That is to say the more money you put aside now, the better it will be for your future. I would say put aside 10% of your income for rainny days. 10% is a small amount that you won't feel a pinch. Save it until you have managed to build a "dam management funds".
2. Prepare funds for dam management. This goes in line with point 1. You need to keep at least 3 to 6 months ofyou income as dam management. After you have managed to do that then additional money that you saved can be used to invest.
3. Protect yourself and your family first. By this point, I mean you should have the basic life insurance that insure you and your family against terminal diseases and accident. This is very important as even though you might loose all your money through investment and if you or your family members need medical attention, it will be well taken care of.
4. Know your risk level. If you are not able to take big risks, short term investment and swing trading is notfor you. It's better to invest in mutual or trusts funds which will give a steady payout and have lower risk.If you are a high risk or medium risk taker, you can try invest in stocks, growth and hedge funds.
5. Diversify your investment. Expert would tell you it is a must to diversify your investment. Your investments needto have a steady mix of stocks, mutual funds and/or bonds. Beside that, your should invest in different industryand/or different regions. This will help you minimize your risk as fluctuations in the markets will not have a big impact on your investments. Your ideal mix will be 20-40% stock and the rest mutual funds and bonds.
6. Do your homework before you invest. It is good to seek expert advice. But, the money is ultimately yours. So you need to do some research and make a sound decision on what to invest even though your financial advisors might have already worked it out all for you. This is to make sure you know what you are investing and able to keep track of them. If your investments suffer loses you will be able to make a right decision whether to sell or hold if you know your stuff well.
7. Do stock take yearly if not frequently. Your investment might already be reaping in profits. But, it is good to know how well you fare at the end of the day. Reinvest the profits and celebrate if you have success. This will serve as motivations for you and will make you more determined to acheive your financial goals.
Tuesday, August 9, 2011
The Secret To Never Ending Financial Success
Summary:Which one will you choose: Wealth or Happiness?
Well: you can have BOTH.
You can be both rich and happy. It is great to have a huge bank account and at the same time, enjoy life with your loved ones. Money alone will never buy you happiness; but money can help you enjoy life more, which enhances your happiness.
Many people are saying that it is getting harder and harder to earn and make money these days. That may be true to some extent, but it all depends on the per...
Keywords:wealth,happiness,rich
Article Body:Which one will you choose: Wealth or Happiness?
Well: you can have BOTH.
You can be both rich and happy. It is great to have a huge bank account and at the same time, enjoy life with your loved ones. Money alone will never buy you happiness; but money can help you enjoy life more, which enhances your happiness.
Many people are saying that it is getting harder and harder to earn and make money these days. That may be true to some extent, but it all depends on the person and how he maximizes the use of resources available to him.
Mergers, downsizing of companies, and massive lay-offs occur more often now. Affected employees take this chance to engage in their true passions and open small businesses, do consulting work, join network marketing, and try their hand in internet businesses.
Indeed, these challenging times provide opportunities to build a business, which is arguably one of the best ways to become rich. These global circumstances ushered in the age of entrepreneurship where many young people are getting rich and strutting their way to the bank!
So, how were they able to do it? How were they able to overcome adversities and bounce back to lead happy and prosperous lives? What is the secret to their happiness and never-ending financial success?
The secret is in their perspective. These people live in a state of abundance. When you live in such a world, you will not be bothered by limitations. Do you want a successful career and a close relationship with your family? You can have both! Do you want to focus on business and still have enough time for fun and play? You can have both! Do you want to earn a fortune and do the work you love? Yes, you can have both!
These people have transcended the world of limitations. They keep in mind that there is limitless supply for everybody. They abhor penny pinching and aspire for the best. They believe that there will be always plenty of money to go around. They also think, “Isn’t it a shame to live cheaply in an abundant world?”
But this is not to say that you should rush out, shop, max out your credit card, and become financially irresponsible. This is not the way to minimize your money worries. What it means is that you must find your true passion and live your life’s purpose.
People who live with true abundance never worry about having enough. Worry keeps you from feeling free and joyful. Worry leads to a life full of fears. Fear gets in the way of creativity, change, and growth. It makes you seek stability and status quo. If you keep on worrying, it is difficult, if not impossible, to think of great abundance or believe that you can have all the things you aspire for.
Wealth or happiness? You can have both.
Expand your way of thinking and adopt an abundant mindset. Add a dose of creativity and think out of the box. Figure out a way to have the best of both worlds.
Well: you can have BOTH.
You can be both rich and happy. It is great to have a huge bank account and at the same time, enjoy life with your loved ones. Money alone will never buy you happiness; but money can help you enjoy life more, which enhances your happiness.
Many people are saying that it is getting harder and harder to earn and make money these days. That may be true to some extent, but it all depends on the per...
Keywords:wealth,happiness,rich
Article Body:Which one will you choose: Wealth or Happiness?
Well: you can have BOTH.
You can be both rich and happy. It is great to have a huge bank account and at the same time, enjoy life with your loved ones. Money alone will never buy you happiness; but money can help you enjoy life more, which enhances your happiness.
Many people are saying that it is getting harder and harder to earn and make money these days. That may be true to some extent, but it all depends on the person and how he maximizes the use of resources available to him.
Mergers, downsizing of companies, and massive lay-offs occur more often now. Affected employees take this chance to engage in their true passions and open small businesses, do consulting work, join network marketing, and try their hand in internet businesses.
Indeed, these challenging times provide opportunities to build a business, which is arguably one of the best ways to become rich. These global circumstances ushered in the age of entrepreneurship where many young people are getting rich and strutting their way to the bank!
So, how were they able to do it? How were they able to overcome adversities and bounce back to lead happy and prosperous lives? What is the secret to their happiness and never-ending financial success?
The secret is in their perspective. These people live in a state of abundance. When you live in such a world, you will not be bothered by limitations. Do you want a successful career and a close relationship with your family? You can have both! Do you want to focus on business and still have enough time for fun and play? You can have both! Do you want to earn a fortune and do the work you love? Yes, you can have both!
These people have transcended the world of limitations. They keep in mind that there is limitless supply for everybody. They abhor penny pinching and aspire for the best. They believe that there will be always plenty of money to go around. They also think, “Isn’t it a shame to live cheaply in an abundant world?”
But this is not to say that you should rush out, shop, max out your credit card, and become financially irresponsible. This is not the way to minimize your money worries. What it means is that you must find your true passion and live your life’s purpose.
People who live with true abundance never worry about having enough. Worry keeps you from feeling free and joyful. Worry leads to a life full of fears. Fear gets in the way of creativity, change, and growth. It makes you seek stability and status quo. If you keep on worrying, it is difficult, if not impossible, to think of great abundance or believe that you can have all the things you aspire for.
Wealth or happiness? You can have both.
Expand your way of thinking and adopt an abundant mindset. Add a dose of creativity and think out of the box. Figure out a way to have the best of both worlds.
Bringing Financial Services Online
Summary:The variety of financial tools and services available today has multiplied dramatically from a generation ago. On both the personal front and in the business sector there has been a dramatic increase in the number of products available, the methods by which they are delivered and the services they require.
The internet is a perfect system for laying out preliminary information in the financial services industry, where product options can get complicated fairly quickly. Bus...
Keywords:website hosting, financial services, online finance, financial websites
Article Body:The variety of financial tools and services available today has multiplied dramatically from a generation ago. On both the personal front and in the business sector there has been a dramatic increase in the number of products available, the methods by which they are delivered and the services they require.
The internet is a perfect system for laying out preliminary information in the financial services industry, where product options can get complicated fairly quickly. Businesses of all sizes that are engaged in some portion of this industry are finding that a website makes good business sense.
An enormous amount of financially related business is still done at the local level. Mortgages, auto and home loans and insurance policies are still usually secured from a local agent. The small businessman engaged in providing such products need only think about the amount of time he or she spends on the phone explaining the basics of their services to realize how much time a website could save them.
When a customer calls about auto insurance, think about the ability to refer the caller to your website to learn about the required minimum coverage, about the relationship of the vehicle's value, about the relationship of personal injury coverage to health insurance.
Think about having a website that explains the four or five home mortgage options that are available, about how they are affected by down payment, credit history and loan amount. Consider the enormous number of variables available in health insurance for both individuals and families, and envision a chart on your own website that explains how those policies work.
That's only a start on the types of benefits a website can provide to a small businessman or regional company in the financial services business. Your website can provide explanations, charts, even video clips explaining:
* Retirement planning* Medicare insurance options* Home loans, including specialties such as tenants-in kind* Real estate history and trends in your area* Auto insurance, including the effects of driving records and assigned risk* Investments - mutual funds or annuities? Stocks or CDs?* Estate planning* Health insurance - a new policy, or COBRA?
These are a few examples plucked from a vast array of financial services that are out there today. Your website can become your reference library, your consulting tool, and your business partner when it comes to educating your clients. Websites provide multidimensional explanations of material in a far more effective fashion than brochures. No matter how glossy, stacks of paper that use terms only half understood are intimidating to people.
Your website can have an entire dictionary section, so that potential customers can learn terminology at their leisure, rather than ask embarrassing questions. And of course, the fewer questions they have when they pay a call on you, the less time is consumed in moving towards a potential sale.
Use the graphics capability of a website to maximize the attractive nature of your particular company. Take advantage of a personalized business website to explain why your services are better, unique, priced more reasonably, performed more thoroughly. With any complex financial product, you'll need to explain how your selection of products can meet an entire range of consumer needs. Your website can do that for you.
Financial products can be presented online just as attractively as real estate is today. For every financial product, there is a personal benefit that can be reinforced with images. For products with multiple options and complex purchasing decisions, a website provides a consumer with an invaluable tool that is available 24/7. Your potential customer won't be sitting across from you, concerned that there's been a question missed or an issue not fully understood. A website is like an office staff to a financial services professional: there's no better business for harnessing the efficiency of the new technology.
The internet is a perfect system for laying out preliminary information in the financial services industry, where product options can get complicated fairly quickly. Bus...
Keywords:website hosting, financial services, online finance, financial websites
Article Body:The variety of financial tools and services available today has multiplied dramatically from a generation ago. On both the personal front and in the business sector there has been a dramatic increase in the number of products available, the methods by which they are delivered and the services they require.
The internet is a perfect system for laying out preliminary information in the financial services industry, where product options can get complicated fairly quickly. Businesses of all sizes that are engaged in some portion of this industry are finding that a website makes good business sense.
An enormous amount of financially related business is still done at the local level. Mortgages, auto and home loans and insurance policies are still usually secured from a local agent. The small businessman engaged in providing such products need only think about the amount of time he or she spends on the phone explaining the basics of their services to realize how much time a website could save them.
When a customer calls about auto insurance, think about the ability to refer the caller to your website to learn about the required minimum coverage, about the relationship of the vehicle's value, about the relationship of personal injury coverage to health insurance.
Think about having a website that explains the four or five home mortgage options that are available, about how they are affected by down payment, credit history and loan amount. Consider the enormous number of variables available in health insurance for both individuals and families, and envision a chart on your own website that explains how those policies work.
That's only a start on the types of benefits a website can provide to a small businessman or regional company in the financial services business. Your website can provide explanations, charts, even video clips explaining:
* Retirement planning* Medicare insurance options* Home loans, including specialties such as tenants-in kind* Real estate history and trends in your area* Auto insurance, including the effects of driving records and assigned risk* Investments - mutual funds or annuities? Stocks or CDs?* Estate planning* Health insurance - a new policy, or COBRA?
These are a few examples plucked from a vast array of financial services that are out there today. Your website can become your reference library, your consulting tool, and your business partner when it comes to educating your clients. Websites provide multidimensional explanations of material in a far more effective fashion than brochures. No matter how glossy, stacks of paper that use terms only half understood are intimidating to people.
Your website can have an entire dictionary section, so that potential customers can learn terminology at their leisure, rather than ask embarrassing questions. And of course, the fewer questions they have when they pay a call on you, the less time is consumed in moving towards a potential sale.
Use the graphics capability of a website to maximize the attractive nature of your particular company. Take advantage of a personalized business website to explain why your services are better, unique, priced more reasonably, performed more thoroughly. With any complex financial product, you'll need to explain how your selection of products can meet an entire range of consumer needs. Your website can do that for you.
Financial products can be presented online just as attractively as real estate is today. For every financial product, there is a personal benefit that can be reinforced with images. For products with multiple options and complex purchasing decisions, a website provides a consumer with an invaluable tool that is available 24/7. Your potential customer won't be sitting across from you, concerned that there's been a question missed or an issue not fully understood. A website is like an office staff to a financial services professional: there's no better business for harnessing the efficiency of the new technology.
Monday, August 8, 2011
Business Dress - Women
Like it or not, the first impression people get from you is your appearance. When engaged in an interview or you are already hired, you always want to look best. Clean cut, professional looking people get treated like a professional. How you dress sends specific signals to people. Let’s start from head to toe for women. First of all, never wear too much jewelry or makeup. One item of jewelry is enough. A small ring on one finger, or small earrings is plenty. No big loops ladies. Makeup should be conservative, just plain powder or concealer and barely any eye makeup. No lipstick is appropriate at an interview. It is just not professional. The woman’s suit should be wool, linen, or cotton/polyester. Stick with navy, gray, and medium blues, at least for the first interview. As for blouses, solid colors and natural fabrics, such as cotton or silk look clean and professional. A scarf says a lot about a business woman; it is a powerful status symbol. Shoes should never be open toed and stay within 2 ½ inch heels, nothing faddish or multicolored. The color of your shoe should be the same or darker than your skirt. Pantyhose should always be neutral skin tones, nothing outlandish, unless you are interviewing in the fashion industry. A briefcase is an excellent choice for a business woman, but don’t bring along your purse too. It looks awkward trying to juggle them around. You should choose either brown or burgundy, black or navy, either one is fine. You do not want to ever distract the interviewer with your outfit, makeup or accessories. Last but definitely not least is your personal hygiene. Bad breath, dandruff, body odor, and dirty unmanicured nails do not give a good impression. When it comes to body odor, you are what you eat. If you consume a lot of garlic, onions, cilantro, and junk food, not only will it show in your skin, but it will seep through your pores. Gross. Make sure you eat a natural healthy diet so you always smell plea
Things you must do to maximize your chances of obtaining a small business loan
The things you really ought to discuss with your bank manager to get the business loan you need.
Keywords:small business loans, small business finance, small business, business loans
Article Body:To get approval for your small business loan application, you must be able to meet the lending criteria set down. Some organisations are more risk averse than others, and will therefore have more stringent criteria. To vastly increase your chances of a successful funding application, you will need to present the following information:
1. The reason for the loan. The lender will be looking for something that fits within the normal range and expertise of your business. The amount may cover a number of items, so you will need to cover each.
2. The amount required, and the repayment term of the small business loan you want. (e.g. $10,000 term 5 years, payable quarterly).
3. Details of how you will repay the amount borrowed. For example:- From the increase in profits of reduced running costs of the Whizzbang Go4It
4. Details of security you will be able to offer to the lender. This will act as reassurance for the lender. If you're not prepared to put up some aspect of security, then why should they?
5. You will need to include your business plan which will serve to answer essential questions relating to management capabilities, information about the market you operate in. What kind of business you are in etc.
6. 3 Years financial statements. You will need to present quality financial information from your accounting software, preferably signed off by your accountant or tax advisor.
7. Latest Set of Management accounts. Again produced from your accounting software.
8. Accounts receivables (debtors) and payables (creditors) ageing reports.
9. Principals financial statements - Particularly required if some form of security is necessary.
If you are a new company, the emphasis is going to be on your business plan , and the security (also called collateral) you or your business can provide against the loan.
You must take the time to practice presenting your case to the bank or lender to iron out any glitches. Practice on your colleagues and family (you never know, they might be so impressed, they'll invest or lend!). It may help to role play the lender and come up with as many pointy questions as possible. The more time you take the better your chances will be. (But remember, don't fall into the analysis paralysis trap!)
Good luck!
Keywords:small business loans, small business finance, small business, business loans
Article Body:To get approval for your small business loan application, you must be able to meet the lending criteria set down. Some organisations are more risk averse than others, and will therefore have more stringent criteria. To vastly increase your chances of a successful funding application, you will need to present the following information:
1. The reason for the loan. The lender will be looking for something that fits within the normal range and expertise of your business. The amount may cover a number of items, so you will need to cover each.
2. The amount required, and the repayment term of the small business loan you want. (e.g. $10,000 term 5 years, payable quarterly).
3. Details of how you will repay the amount borrowed. For example:- From the increase in profits of reduced running costs of the Whizzbang Go4It
4. Details of security you will be able to offer to the lender. This will act as reassurance for the lender. If you're not prepared to put up some aspect of security, then why should they?
5. You will need to include your business plan which will serve to answer essential questions relating to management capabilities, information about the market you operate in. What kind of business you are in etc.
6. 3 Years financial statements. You will need to present quality financial information from your accounting software, preferably signed off by your accountant or tax advisor.
7. Latest Set of Management accounts. Again produced from your accounting software.
8. Accounts receivables (debtors) and payables (creditors) ageing reports.
9. Principals financial statements - Particularly required if some form of security is necessary.
If you are a new company, the emphasis is going to be on your business plan , and the security (also called collateral) you or your business can provide against the loan.
You must take the time to practice presenting your case to the bank or lender to iron out any glitches. Practice on your colleagues and family (you never know, they might be so impressed, they'll invest or lend!). It may help to role play the lender and come up with as many pointy questions as possible. The more time you take the better your chances will be. (But remember, don't fall into the analysis paralysis trap!)
Good luck!
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