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Taxes Category

Wednesday, January 4th, 2017

8 Ways To Finance Your Vending Machine Business}

8 Ways to Finance Your Vending Machine Business

by

Anne Carter

When starting a business, theres that one big wall that block your way, and thats your startup money. Without money to fund your business, there will be no business at all. So how and where can you get money? Read on to get some ideas on where you can find funding sources for your vending business:

Home Equity Loan

Most people immediately think of getting a standard business loan when thinking of financing a home business or business startup. While this may be appropriate, do not fail to consider using your home as a bank.

Small Business Administration Loan

Banks administer this loan and are more favorable to this type than a standard bank loan because they are only liable for 15% of what they loan (the government carries the other 85%). There are a number of types of documentation required with this loan, but it is certainly worth the trouble if you are willing to follow the process.

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Standard Bank Financing

This financial source is probably the most difficult, yet not impossible with good credit and some net worth. Banks typically do not look favorably at vending machine loans and consider them risky because they are not considered a fixed asset.

Invest Your Tax Return Money

For a lot of people, April 15th is bonus time every year as they receive tax returns with earned income credit and deductions for kids. You can use this to slowly build your vending business. Its a great, safer way to build your business.

Family Loan

In some cases, a family member may be favorable to loaning you the money for starting your home-based business. While there may be relationship risks to this setup, it needs to be considered as an alternative to standard business financing. Some family members would rather invest in your business vision and draw a little interest rather than lending it to a bank at 2-3%.

Sell Items You Dont Need

If you badly need to create an income steam, opt for this least popular fund source. How about downsizing your car and investing the money in machines? Why not have a huge yard sale to raise $500-$1000? Why dont you downsize your home and invest your profits in the business? All of us have some money around us in our life that we could put to work.

Lease Purchasing

An option to getting into the vending business is to make an offer to buy an established vending route by lease-purchasing. You agree to lease the route from the seller with an option to buy at the end of the lease period. You invest your profits from the lease period into the purchase of the business or you can continue leasing for the cash flow you are receiving. Remember to get legal help in setting up any contractual agreement like this.

Owner Financing

Not that always easy to find but dont let it stop your from asking the seller of a vending route for it, especially if you have some money to put down.

The author recommends BrandVendingProducts.com, the online source of

bulk vending product supplies

like

squishy squinkies toys

and other novelty items.

Article Source:

8 Ways to Finance Your Vending Machine Business }

Saturday, December 3rd, 2016

Bookkeeping Services}

Bookkeeping Services

by

Apex Associates

Bookkeeping is an essential aspect for every business. It includes maintaining records of the transactions that are done on a daily basis of a business. Proper bookkeeping services help to maintain records that lead a business towards success, whether it is large scale, medium scale or small scale business. It must be handled carefully by experts. Bookkeeping services provided by Apex associates can help business to run smoothly and reduce the cost of your company by taking care of all their bookkeeping works.

Bookkeeping work is really time consuming and difficult to handle. However, this needs to be taken care of very well. Bookkeeping shows the exact position of the business. Bookkeeping services are of two types. First is manual bookkeeping and second is computerized bookkeeping. If you run a small business, then you can manage your business through manual bookkeeping. However, if you have a medium sized or large business undertaking, opting for computerized bookkeeping will be ideal for you to handle your business. It is advisable to opt for computerized bookkeeping services due to several advantages it has. Even if you run a small scale business, in the long run it will be helpful for your business.

Bookkeeping services help you to maintain finance related issues of your business properly. You must keep a record of all the income and expenditure related to your business. All these records are vital for maintaining books of your business properly. One has to make sure that he/ she is recording all transactions happening in the business and as well updating the records on a daily basis. To maintain all your records properly, you must hire bookkeeping services experts from a professional company that provides these services.

You will make a prudent choice for the progress of your business if you outsource bookkeeping services from any credible company. By outsourcing bookkeeping services, you will reduce the costs and also save valuable time of employees of your organization. These resources (employees) can then focus on other core sectors of the business. Through outsourcing bookkeeping services you will not compromise on the quality of work as well.

Apex associates provide bookkeeping, accounting and tax planning services to small and medium size business with intelligent and cost-effective solutions.

The professional team of Apex associates helps save time, manpower and money and as well helps you to expand your enterprise by providing very effective and efficient accountancy services. Their services take care of financial accounting and relieve you of the burdens of compliance and bureaucracy thereby helping your business focus on important activities and growth.

Apexassociates is UKs one of the best accounting firms provides

accountancy services

,bookkeeping services, company formation, VAT registration, VAT return, inheritance tax advice and tax financial planning services etc.

Article Source:

eArticlesOnline.com }