It is very important for the new upcoming business, even a small one, to have a certain amount of finances to start – the only thing is to understand and appreciate the advantages of the access to the sufficient fund we need.

The bank as the first choice for loan

The first organization most people think of is the bank, of course. According to a financial research banks are the first choice to approach for money and fund as a loan. But the reality is that not everyone can get the small business loan they need to finance their small business. Of course, a lot of people have the fortune to manage to fulfil the pre-requisites for that loan they need and they succeed in procuring them. Continue reading →

Business venturing is the initiation of a financial process with the intention of producing profit through transacting goods and or services for money. Starting a business in New Zealand can be both easy and a hard job. Starting a business that will produce a relative lower percent profit of the initial capital is easy, and often does not last for long. Starting a business with relatively higher percent of profit making and for a long term running is hard.

Basic factors to consider

Any business can go on only if there is a buyer and a seller and a commodity. Without either one of these factors, no business will be successful. Before initiating a business, it is important to look for these three factors. A business venture could be a seller or buyer or both. It is the commodity that draws the main attention. The commodity may be a product or a service or both. Continue reading →