Tag Archives: money

Is Procrastination Destroying Your Financial Dreams?

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“I have a big problem with procrastination. I keep putting off important tasks and this is affecting my finances. I hadn’t paid income taxes for several years and I was happy when I heard of the tax amnesty. I delayed getting an accountant to sort things out and now I have to pay significant penalties that could have been avoided.

“I also lost out on renting the perfect office space because I didn’t act fast enough and someone else jumped on it. My life is littered with missed opportunities caused by me dragging my feet. What can I do to cure this horrible habit?”

Don’t worry – you are not alone in your procrastinating habits. I too have experienced that sinking feeling in the pit of my stomach after missing out on a great deal or the chance of a lifetime just because I took too long to take action.

Almost everyone procrastinates on important issues, whether it’s starting an exercise programme, clearing away clutter, or doing homework. However, when the delaying tactics have to do with money, then procrastination can bring tremendous personal and monetary cost. Continue reading Is Procrastination Destroying Your Financial Dreams? →

New Options for Small Business Financing

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“I need to get a loan to expand my small restaurant. However, many of the micro financing options charge interest rates that would kill my business. Regular banks ask for collateral that I don’t have. No one wants to sign as a guarantor for my loan. I’m getting very frustrated, because I know that if I got financing, my business would really take off. What can I do?”

The universal answer facing small business owners in search of financing is “No Collateral, No Deal.” If you’re an entrepreneur with a viable business idea or an expansion plan, at some point you’ve probably faced the challenges of raising capital without collateral.

There is an increased business-friendly focus in most of the commercial banks. With more people going the route of self-employment, it makes sense for financial institutions to pay closer attention to the development of the Micro, Small and Medium Enterprise (MSME) sector.

Small business can eventually bring big business in the long run.

Continue reading New Options for Small Business Financing →