10 Facts About Financing For Entrepreneurs

These are some truths that you should know if you are looking for a loan for your business.

  1. You will start with your own resources:It is more viable to obtain a loan when the business is already underway, since there are almost no institutions that risk giving money to projects that are about to start, with an uncertain future. Seed capital is scarce in the country.
  2. You must show that everything is going well:You will have to convince the financial institution that you will pay the loan, because your business is profitable, that is, it has sales, supply security with suppliers, and can attend to its production.
  3. The credit should be convenient for you:You will have to do an accounting of what it would mean to pay the fee and interest rates; If despite these expenses, your business continues to make a profit, credit is convenient for you. Otherwise, it must be rejected. In any case, look for a partner or an investor, not financing.
  4. You will compare different options: Look at the interest rates, commissions and the type of guarantees that they require. It also takes into account the quality of care, that it is a place where you feel comfortable with the treatment and attention they give you.
  5. You will need advice:Either from the financial company that you approach or from a specialist in the subject, but unless you have financial training, it is best to request help to prepare your business for credit.
  6. There are preferences: The less risk a business involves, the easier it will get a loan. For example, a restaurant could be considered less risky than a production house.
  7. Franchises are favorites:Since they are “proven businesses” there are more credits for them.
  8. Reading and asking is basic:Understand the contract and solve all your doubts before signing it.
  9. It is better to ask for help on time:If you foresee a delay or incomplete payment of the credit, you must notify the financing source in time and demonstrate willingness to pay.
  10. Golden truth:In a business, credit is used to generate more wealth. That is good credit.

What you should know…

There are 2 types of basic credit for businesses :

  • Working capital: This financing is used to buy something that the business needs and is paid as soon as the sale of the good or service is made. Sure, with your due interests. They are generally credits to be settled in the short term
  • Fixed assets: Used to buy durable goods for the business. They are usually paid over several months and in installments, with interest.

10 Actions To Be Happy According To Science

Research from the University of California ensures that happy people are successful in many areas of their lives, and business is no exception . So if you want to be a happy entrepreneur and achieve your goals, we present you 10 scientifically proven strategies to be happy .

  1. Be altruistic

A study published in the journal Psychological Bulletin revealed that spending money on other people, rather than on yourself, causes happiness . “People always feel better about donating to charities than wasting money on themselves,” the research concluded.

  1. Write down the good things that are experienced during the day

Those who write 3 positive things that happened to them each night are happier than those who don’t , a study by Martin Seligman, a professor at the University of Pennsylvania, showed.

  1. Try something different

Changing the routine, seeking new experiences and emotions makes people happier, since the stimulation of brain waves is achieved by trying new challenges .

  1. Prepare for future moments of happiness

According to different studies, those events that excite us even before they happen, also bring us happiness ; for example, the moment before starting your business, preparations to go on a trip, etc.

  1. Paint life blue

Exposure to the color blue gives “self-confidence, reduces stress and increases happiness,” said the researchers at the University of Sussex, UK.

  1. Set goals

Working toward a goal suppresses negative emotions and activates positive feelings , according to neuroscientist Richard Davidson of the University of Wisconsin.

  1. Stop defending a point of view

Deepak Chopra, a Hindu teacher, doctor, writer and lecturer, raises neutrality as one of the ways to keep us happy . “People can save 99% of their psychological energy and feel happier if they stop defending their point of view,” he says.

  1. Sleep at least 6 hours and 15 minutes

A study by the British company Yeo Valley confirmed that those who managed to sleep uninterruptedly for 6 hours and 15 minutes at night were happier.

  1. The commute to work should not take more than 20 minutes

According to the study of the previous point, the happiest people were those who arrived at work in just 20 minutes. When this time increases, workers begin to suffer depressive and physical problems.

  1. Have at least 10 good friends

Research from the University of Nottingham, UK, concluded that those with 10 close friends were happier than those with no more than 5 or 6.