Americans know that friendly business loan rates and small business growth are essential to the growth of the economy, and new business owners have many avenues for creating a successful start-up. Recent investigations by the Small Business Administration, which offers SBA loans to small businesses around the country, suggests that small businesses account for over half of all the sales made in the United States each year. Even more importantly, small businesses provide employment for over half the jobs in the country, as well as a significant number of all new jobs created in the country since the 1970s.When a bank determines what business loan rates it will offer a client, one of the primary characteristics investigated is the history of the borrower. For new business owners or anyone looking to create a start-up, getting a great rate on commercial real estate loans is often dependent upon business history, which might not exist for some new business owners. In such cases, the only way to get low rates or even get a loan in the first place is when the business owner puts up his or her own collateral or uses his or her credit history to secure the loan.This reliance upon an individual’s credit for new business loans is why it’s important to have all of one’s financial “ducks” in a row before applying for an SBA loan or any loan connected with a new business. Business loan rates fluctuate just like the economy, and one of the primary indications of whether a bank will loan an individual money is whether the business will be able to survive the expected fluctuations of the economy. A few months or even a few quarters of poor sales shouldn’t mean a new business needs to shut its doors. Some type of emergency reserve, collateral, or savings is an essential buffer for any business.Sometimes it’s best to think of commercial real estate loans in the same way a borrower might approach a traditional mortgage. Securing a low mortgage rate means coming to the table with great credit. The same might be said for commercial loans. Business loan rates that are low are awarded when an applicant or business has good credit. However, new business owners must also consider a variety of other issues that will come under investigation by the bank such as cash flow and the industry in which a business will operate. Due to these additional factors, a borrower might need to go beyond a standard mortgage rate calculator to one with additional variables.It might seem like an impossible feat to convince a bank of the creditworthiness of an individual who has never owned a business before; however, some options exist for ensuring a new application is granted the lowest possible business loan rates. For example, a new business owner may provide past examples of business success, even if the owner wasn’t at the head of a company during those successes. Perhaps a business owner once worked in the financial department of his or her last company and was able to save the company thousands of dollars with innovative ideas.According to the Small Business Administration, small businesses occupy somewhere between 20 to 34 billion square feet of commercial space in the United States. Keeping that number on an upward trend is essential for America, and small business loans, as well as commercial real estate loans, help keep the country growing in a post-recession environment. Business owners who make smart decisions about credit and arrive at a bank with the best possible application will ensure the business opens its doors with the best possible financial future. Entrepreneurs should investigate business loan rates and help make sure the economy continues to grow through new small businesses and valuable jobs.
The Best Books on Cryptocurrency
The Sovereign Individual ~ by James Dale Davidson and William Rees Morg
The Sovereign Individual is one of those books that forever changes how you see the world. It was published in 1997 but the degree to which it anticipates the impact of blockchain technology will give you chills. We’re entering the fourth stage of human society, shifting from the industrial to an information age. You need to read this book to understand the scope and scale of how things are going to change.
As it becomes easier to live comfortably and earn an income anywhere, we already know that those who truly thrive in the new information age will be workers who are not tethered to a single job or career and are location independent. The pull to choose where to live based on price savings is already more appealing, but this goes beyond digital nomadism and freelance gigs; the foundations of democracy, government and money are shifting.
The authors predicted Black Tuesday and the collapse of the Soviet Union, and here they foresee that the rising power of individuals will coincide with decentralized technology nibbling away at the power of governments. The death toll for the nation states, they predicted with extraordinary prescience, will be private, digital cash. When that happens, the dynamic of governments as stationary bandits robbing hard-working citizens with taxation will change. If you’ve become someone who can solve problems for people anywhere in the world, then you’re about to enter the new cognitive elite. Don’t miss this one.
Choice Quotation: “When technology is mobile, and transactions occur in cyberspace, as they increasingly will do, governments will no longer be able to charge more for their services than they are worth to the people who pay for them.”
Sapiens: A Brief History of Humankind ~ by Yuval Noah Harari
Whenever I want to impress on someone how good this book is, I ask: “Do you want to know the fundamental difference between humans and monkeys? A monkey can jump up and down on a rock and wave a stick around and screech to his friends that he’s seen a threat coming their way. ‘Danger! Danger! Lion!’ A monkey can also lie. It can jump up and down on the rock and wave a stick around and screech about a lion when there is, in fact, no lion. He’s just fooling around. But what a monkey cannot do is jump up and down and wave a stick around and screech, ‘Danger! Danger! Dragon!’”
Why is this? Because dragons aren’t real. As Harari explains, it is human imagination, our ability to believe in and talk about things we have never seen or touched that has elevated the species to cooperate in large numbers with strangers. There are no gods in the universe, no nations, no money, no human rights, no laws, no religions and no justice outside the common imagination of human beings. It is us that makes them so.
All of which is a rather magnificent preamble to where we are today. After the Cognitive Revolution and the Agricultural Revolution, Harari guides you into The Scientific Revolution, which got underway only 500 years ago and which may start something completely different for humankind. Money, however, will remain. Read this book to understand that money is the greatest story ever told and that trust is the raw material from which all types of money are minted.
Choice Quotation: “Sapiens, in contrast, live in triple-layered reality. In addition to trees, rivers, fears and desires, the Sapiens world also contains stories about money, gods, nations and corporations.”
The Internet of Money ~ by Andreas M. Antonopoulos
If the two books mentioned above help us to understand the historical context in which Bitcoin first appeared, then this book expands on the ‘why’ with infectious enthusiasm. Andreas Antonopolous is perhaps the most respected voice in the crypto space. He’s been traveling the world as a Bitcoin evangelist since 2010 and this book is a summary of talks he gave on the circuit between 2013 and 2016, all tightened up for publication.
His first book, Mastering Bitcoin, is a technical deep-dive into the technology, aimed more specifically at developers, engineers, and software and systems architects. But this book uses some choice metaphors to explain why you can’t ban Bitcoin or turn it off, how the scaling debate doesn’t really matter and why Bitcoin needs the help of designers to lock in mass adoption.
“When you first ride your brand new automobile in a city,” he writes, “you are riding on roads used by horses with infrastructures designed and used for horses. There are no light signals. There are no road rules. There are no paved roads. And what happened? The cars got stuck because they didn’t have balance and four feet.” But fast forward one hundred years and the cars that were once ridiculed are absolutely the norm. If you want to swim around in the philosophical, social and historical implications of Bitcoin, this is your starting point.
Internet and Small Business
Technology has played an imperative role in business operations. The advent of internet has given a new methodology to conduct business faster in a cost effective way in a limited time and space.Internet is wrapped up with thousands of interconnected networks connected worldwide. The deployment of Internet in business has given rise to perform business worldwide to unlimited audience and it is one of the best methods for globalizing business. Internet is a powerful tool for winning a business strategy that assists companies to compete with their competitors and to improve customer satisfaction and hence internet business model has been formulated to assist companies to choose the right model at the right time.Internet business is simply not designing websites to promote the products it has its unique process to automate. Internet business helps manufacturers to understand the customer’s wants and needs by understanding their behavior when they visit company websites or research any relevant information and this in-turn helps manufacturers and marketers to produce customize and personalize product.Internet business has changed the marketing practices of company to the great extent and hence marketers need to be more and more proactive and creative to reach and convince their audience to buy products.Today many companies have also set up extranets with their suppliers to facilitate information exchange, transactions and payments. Internet business has given birth to e-commerce which is more and more specific when compared to internet business or e-business. The term e-commerce encourages companies to sell their products or services through internet. To be more precise about internet business; it is simply performing business using internet for worldwide audience in order to globalize business.Advantages of Internet Business – Internet Business has its unique advantagesThere is no need of physical location and hence you don’t need to have your own or rent place for starting up business as how traditional business requires.Of course you need location that is DOMAIN NAME for website registration and its very cheap you can get for about $5 to $25 with free web hosting service.You need website for selling your product or service. If you know programming and designing you can always do it on your own or you can hire a web developer and/or designer based on your requirement or even you can become an affiliate of some site which needs no website since your merchant will provide you website.You can advertise your products or services for free in most of the websites say free classified advertisement site.Since internet works on the principle of 24×7 you can reach your customer at any time.Internet business is not geographic specific and hence you can reach global audience.Disadvantages of Internet Business -Of course, internet has major advantages but it has some disadvantages too.Through internet it is very difficult for the user to recognize what is genuine and what is not because users will not have the ‘Touch and feel’ of some product before they buy.Internet makes you feel isolate and hence it separates manufacturer and customer, and this ultimately end-up in lack of trust between two parties.It is also difficult for the user to choose the product as there may be many products with different varieties advertise through internet.Business Models:Every Business needs model to run its business and operations. When it comes to internet it is not that companies have design or built their own models Most of the companies sustain with the following business models through internet.ProductsProfessional ServicesInformation BusinessInternet professionE-PublishingE-AdvertisingLet’s understand the above six proven internet business model.Products: This Internet business model includes stuffs like electronic goods, books, computer hardware and software, household, jewelry, etc. Companies may already use direct marketing to market its product.Adopting this model is most inexpensive method to communicate universally, and consumers can look into the product through company’s website or online catalogue as it cost only the fraction of what printed catalogue cost and the duplication is achieved virtually. The vital part is to note that internet is not the business strategy. However, it helps business to formulate strategy more effectively and efficiently. These are none other than the Internet or Online retailer.Professional/Specialized Services: This model includes Professional services such as accountants, consultants, architects etc. The use of technology has encouraged service business to devise innovative strategies to support the very nature of the business.Service industry advertise its services electronically that is through internet and since internet reaches global audience by breaking the geographic barriers and hence today service sectors enjoy massive profit and growth since internet has out-performed the traditional advertising and it directly reaches its prospective audience.Information business: This E-business model is for those who gather, create and sell knowledge. Internet has given a new room for this kind of business. Today people use internet for many reasons and information search through internet ranks top. Many netpreneur today adopted this business methodology and has created a success because there is lot of scope for business in this digital era and information business is one such businesses which grows with a full pace.Internet Careers: Many people have started making careers in internet itself. This business model includes graphic artist, web designers and developers, software programmers, computer and software trainers through online, Internet marketing professionals etc. This is considered as fastest growing business and many people have started business model.Electronic Publishing: Today people can find free news, magazines, and newsletters in the digital format. In this business model any factual written material can be published in digital format and uploaded in the website. Online or Electronic publishing is exploding since its too cost effective when compared to the printed version of newspapers, magazines, newsletters etc. There are many innovative ways that a company can generate revenue from this business model.E-Advertising: Electronic advertising, the business model which grows constantly and is expected to out-perform the traditional advertising methods. From this business model companies can simply sell advertising space on the web which in turn generates a mutual understanding to both the parties (advertisers and publishers).Advertisers get revenue by posting advertisement in their website and publishers gets traffic to his website and/or brand awareness of his (publishers) product through advertisement. This is really a big business and one can monetize his/her website (if available) by just selling the website space.The above mentioned internet business model has been adopted by many companies and have created a history in this digital era. Thus internet has become the right source and a powerful tool for the businesses to create a new and innovative business strategy in order to sustain the market.Different authors have defined Internet business models in a different manner but the actual proposition and meaning is same. To see the different internet business model terms have a look at this article. Read HereAs a Wannabe internet business you have to analyze which internet business model is best for you or where you actually fit in the whole scenario.