Creative ways of funding your business


With the capping of interest rates on the loans offered by the banks, the lending figures from the banks are in free fall. Most of the entrepreneurs are looking for various options to start new businesses and expand the existing business establishments. Secondly, when applying for loans from the bank some form of collateral is usually required depending on the amount of money that you are borrowing. This disqualifies a lot of people especially the small-scale business people since they do not have the financial muscles to guarantee some types of loans. Let us look at some of the creative ways of funding your business;

Creative ways of funding your business

Start-up loan

If you want to establish a new business or you have been in business for the less than two years, you might be eligible for a type of loan that is referred to as the start-up loan. This loan is government backed and is intended to encourage as many people as possible to establish start-ups. This loan is only granted to individuals who exhibit that the cash they wish to borrow is designed for business. It is usually unsecured and repayable at a fixed interest of six percent.


Bank overdrafts

The bank overdraft is ideal for the businesses that have fluctuating income. If you operate such a business, then the bank overdraft will provide you with a flexible and quick cash flow. The best approach to this creative way of funding your business is simple; secure the overdrafts during the months that you have less income and payback in the months that your business peaks.

Most of the banking institutions will only apply the interest on the overdrawn amount. They have lots of friendly packages that are meant to encourage the businesses to take up these offers.

Cash advances

fghgfhgfhfghfghertSecuring the cash advance is another creative way of funding your business. Various companies allow firms to receive cash before their invoices and debts have been paid. The financier is usually required to buy a fixed percentage of the future debit or credit card transactions at a given discount. He is then needed to advance the money into the bank account of the business; this typically takes ten working days. The repayments are then scheduled to be repaid as by the pre-agreed percentage.


Microfinancing is a great alternative to fund your business if you do not qualify for loans from the mainstream banking institutions. The microfinancing institutions offer insurance, savings, and loans to the small business owners and poor entrepreneurs who do not have security to secure loans. This a great avenue of financing your business since the interest rate charged is not as high as those that are charged by the banks. The payment plan is also flexible.

Asset finance

Asset finance is another creative way of funding your business. The asset finance-based loans have a similar model as the mortgage. If you need money to expand your business, you will borrow against an asset that you have. If you are not able to finance the loan, the asset will be repossessed. Some of the assets that can be used as security in this particular case include equipment. Inventory, accounts receivable, and property.

Possible benefits if Taiwan and mainland China merge


Many people argue that a merge between mainland China and Taiwan is likely to benefit people from Taiwan and not vice versa. The truth is, a merge is equally beneficial to mainland China. The main reason why a merge is necessary is for the sake of promoting economy and easy flow of people from both countries. The announcements provided from embassies in China have not yet given details on the merge issue. However, we can only speculate on the benefits that the two countries are likely to get after a long time of division.

Taiwan and China mainland merge

Trade between the countries

The trade between the two countrieshas always been restricted by the regulations in the countries. It becomes so ewrwerewrwdifficult to do business, and the came has become evident in the recent times. Trade between China and Taiwan dropped by 9.8pc in the year 2016. Taiwan Island tourism has also been dropping even after the ban on China visitors was lifted in 2008. Visitors are still reluctant to visit the island. A possible merge is likely to change these aspects and improve trade between the countries.

Easy movement

The need for an entry permit makes movement between Taiwan and China stressful. Taiwan residents still have to go through all the requirements before they can get access to China. All these requirements bring a big challenge to the movement of people between the two countries. The best way to ease movement will be a merge between the countries. A merge is likely to remove all the barriers and the restrictions that are still in place.

Education opportunities

Education opportunities are likely to be on the side of Taiwan residents. The students in Taiwan will have more opportunities to study in China. With the two countries merging, they will not worry about being treated like foreigners; they will get more opportunities to study in the Chinese universities without any restrictions coming on the way.


Promote peace

There has always been a tension between China, and the resolution to this problem might be merging the two. The tension has been shown in instances where China send missiles to Taiwan. The effect of this pressure slows down the development of China and Taiwan. By merging the two countries and promoting peace, the county can now concentrate on more important issues apart.

Do you want to open a skateboard shop?


Opening a skateboard shop is easy if you are a hard worker. You just need to know a few things about handling business. A lot of skateboarders thinks how awesome it would be to own a skateboard shop with all the latest gear, checking them out and selling to the customers.

We will go in detail and guide you to the things that you need to know when opening a skateboard shop. All the entrepreneur out there makes the mistake of taking the business too lightly or go with the flow. You shouldn’t do that in any business.

Business Plan

You should always have a business plan. You need to know what’s your budget, how much inventory you need, how much is shop rent, what’s the budget for marketing, etc. Having a business plan helps you achieve your mission and make decisions comparing the revenue or loss.


Competitors Analysis

You should always do competitor analysis when you start a shop/business. You need to know what they are offering and how many skate shops are already there in your area. It will help you deliver more to your customers, and they will also love coming back to your shop for more.

Follow The Trend

You need to follow the trend going on in the skateboard industry. It will help you provide information to your customers when they ask. You ought to learn more about the skateboard so you can help the customers buying them and choosing wisely. With this, you should take the time in reviewing the different brands. You can check out their Facebook page.


This is one of the most important in any business. Being helpful to your clients and answering their questions patiently will earn you more customers. One customer can give their reference and hundreds more will come from one so always be friendly and polite to your customers.


Before the opening day, you should do proper advertising campaigns to get the spotlight. Make sure you advertise in the right places. Open a facebook page, a website where you write about guidelines and reviews on skateboards. Use facebook ad campaign to target the local users in the area. Do some giveaways to engage them to your shop. Prizes for everyone which might cut your profit a bit but it’s for the future. Organize a few events one other month.

Go Online

Make sure you have a website where people can order and compare all the products available in your shop. Also provide free shipping if possible.



The branding is an important aspect of any shop. Make sure you got a nice clean logo and a catchy name for your store.

Now let’s get to the legal part of opening a skateboard shop.

  • You will need a business license.
  • Company card.
  • Rent a small shop in the best possible and crowded area.
  • Get an inventory.
  • Decorate your shop inspired by skateboards.


Reasons Why You Should Go For A Virtual Office


Virtual offices are usually a shared office that contains a business address, meeting and conference facilities, phone services, mail and courier services. Today, these offices are becoming increasingly popular compared to the ordinary working spaces.

A virtual office does not require very high expenses, and it can enhance any kind of business, entrepreneurial or professional. Generally, virtual offices enable you to offer better services to your customers and give you the advantage you require to remain in front of your competitors.

Here are some reasons explaining why you should go for a virtual office:

Cost Effectiveness

Virtual offices are affordable to many start-ups and small businesses. Setting up a company office in a prime location is very expensive, which makes it impractical for many small businesses. However, using a virtual office helps you save a considerable amount of money while at the same time giving a chance to enjoy reduced overhead costs.


By using this office solution, you do away with the liability of settling electricity bills, cleaning, Internet, equipment and parking among others.

Increased Productivity and Flexibility

Many businesses realize an increase in their overall productivity after they become accustomed to making their own timetable and completing their everyday activities accordingly. With these offices, small business owners are granted lots of flexibility in their routines.

Indeed, you can work from home or any other distant location because each of your administrative responsibility is covered. This gives you a chance to focus on the most crucial areas of your business hence increasing the overall productivity.

Prestigious Business Address

A virtual office offers you a stable location and a business address. There are many prestigious business addresses to choose from that will actually give your business an edge. You do not have to buy an office building or even rent real office space. The prime location offered by these offices will certainly create an ideal impression for your business.

Essential Office Services

These offices provide many different services to make sure that your business stays productive all the time. Such services include voice mail services, personalized phone answering services, call forwarding, fax services, postal forwarding, e-mail addresses, on-site helpful support and meeting rooms.

Global Exposure


The market for specific products might be very small when restricted to a particular location. However, when promoted globally, that particular product can become incredibly profitable. Virtual offices can utilize the services of sales persons in different regions who keep in touch virtually.


In conclusion, virtual offices offer many benefits compared to traditional setups. This office solution is especially beneficial to small businesses and startups that are on a tight budget. This is an ideal office solution for modern corporations and the most suitable means of operating your business efficiently without the high costs of renting an office space as well as disbursing employee salaries.

Top Ways That Helps You Become A Better Leader


Are leaders born or made? Some think leaders are born whereas others are on the side that a person can learn to be a leader. No matter your feeling as to leadership skills, out there are ways to sharpen and up your leadership game. It is hard to stand, motivate and speak to a magnitude of employees or people if by chance you are an ineffective leader.

Being a leader means much as oppose to holding that big position, it is accountable and in-charge of a team. The list below will be inspirational in reevaluating your leadership abilities and address any issue you might need in improving. So, what top ways can help you become a better leader?

Top ways that helps you become a better leader

Analyze first, then act

rdfgxdcvvhbnjmIt is inappropriate to act on any information without having understood the motive or origin of such content. To be a good leader you opt to collect the right information, analyze the content and origin and then act precisely. Leaders should uphold a high level of confidence. Confidence will help in looking at every situation in a three dimensions before rolling out the outcome. Analyze first, and then act.

Have a positive attitude

As a leader seeking to bring about transformation, you got to be optimistic as to any situation. This is very vital as it acts as a source to inspire those following. Arguably, when leaders behave in an apathetic manner teams will lose urge of organizational success. No matter how bleak the things seem, leaders should stand positively and not faint-hearted. Leaders need to follow by example by employing the sense of optimism and hope as they meet the fierce challenges.

Listen and communicate effectively

Communication is the backbone of every success story. As a leader, you need to stress on organizational best practice and sense of direction by laying down the set ideas into tangible actions. This will help others to learn from you and get the right message. Leaders need to build a real personal connection with other team members. These will horde the culture of accountability and renders performance. Leaders who would love to excel need to embrace one-on-one communication and go an extra mile of expressing care and concern. All the channels of communication need to be kept open so as to encourage team members to express their concerns without fear and favor.

Encourage team members to make contributions

essaddfghjHave room for team member’s ideas. To be a top-notch leader you need to have room for others ideas.

Tips For Selecting The Product To Import From China


Importing from a foreign country might can be a hard task. The right information on the import procedures is necessary before the process starts.

Importing tips

Choose a product you can import in large quantities

edsfcgxzcvvImporting products in large quantities helps in cutting cost. Shipping products one at a time from China greatly increase your operating cost. The more you products you transport in a single shipment, the more you cut cost and the more profits you make.

Find a product you can sell at a high cost

Sometimes importers get products which sell in large quantities but small prices per item. At the end of the day, you will sell much, but you make small profits which cannot meet the operating cost and give you enough returns. It is advisable to get products which can sell at high prices, such that even if you sell small quantities you will earn good returns.

Get a product you are passionate about

The possibility of success is when you sell products you are passionate about. Passion helps you sell the products without necessary having to have great selling and marketing skills. If you import a product you don’t like and do not care about, then it will be difficult to convince others into buying the product. Passion will help you stay motivated in your business, give you something that makes you stand out from your competitors and makes you look more informed and attractive to potential buyers.

Understand what you need

You need to understand what type of products you need and the kind of suppliers available in China. Categorize well the type of suppliers available and from that choose exactly what you feel will work best for you. For example, if you wish to import products in a narrow range, a manufacturer will be the best for you.

Get a Chinese local business to help

dfcgvhzxcLocals always have some information about suppliers. They have the skill to examine the supplier more effectively than a foreigner can do. With a local guide in choosing a supplier, things will get easy. You will likely get a good supplier than what you could have all by yourself and help of the internet.

Negotiate to get the best price

To get the best price, contact at least ten suppliers who deal with the product you want to import. Each will quote a different price of the product, with other mentioning the same price. From the information you get, you will be able to have an idea of what the real price of the product should be.