What Passionate Entrepreneurs Should Know About Business Loans

Debt is a word that has very bad connotations in today’s society. Because of the media attention that has been focused on the rising amounts of student loan debt, for example, there is a great deal of fear around debt. What we are forgetting is that loans make things possible that would not be otherwise. The money that loans make available can be used to purchase things of great value. Seeing the promise that a loan creates can give a new perspective on loans. Passionate entrepreneurs who are excited and eager to bring their products and services to the world be informed about business loans.

1. Business Loans Can Help A Business Launch

When you are starting a business, you have several options for getting things off of the ground. The phrase “bootstrapping” refers to doing everything without external help. In some cases this will take a large ammount of time, as the business founder begins to save up for the initial costs, or build things from the ground up slowly as limited funds allow. Sometimes, a business can not afford to take that time. When moves need to be made quickly, as is often the case in the tech space, for example, taking a long time to launch could severely harm the outlook of a business because the opportunity will have passed. Business loans are another option which can help small busiensses launch by supplying the initial capital that is needed to get the company up and off of the ground, and bringing in profit.

2. Business Loans Can Help Existing Businesses Move To The Next Level

As small businesses grow, they will hit a plateu when they reach the maximum ammount of products or services that tehy can hanldle with their existing model. An existing business that hits a ceiling needs to grow in order to reach the next level of financial success. This might mean hiring and training more staff members, investing in software of other technological resources, or opening up a new physical location. Growth takes an initial monetary input, but then pays off after it begins to help. Rather than hitting a ceiling and having business stagnate, a business can bust through the ceiling and reach new levels.

3. There Are Different Kinds Of Business Loans Available

If you are just starting to think about what business loans can offer, than you might be lumping all business loans into one category. However there are many different kinds of loans available to business owners, and they each have separate characteristics. For example, loans can be either secured or unsecured. A secured loan means that a business puts up collateral against the amount of money borrowed. This ensures to the lender that they will be able to recover losses if the business that they lend to is unable to pay the loan back. With this type of loan, the interest is generally less than with an unsecured loan. An unsecured loan does not require collateral, and usually has a higher interest rate. There is a great deal of information available about business loans and choosing the right kind of business loan on the Capital Alliance website. It is important for entrepreneurs who are passionate about what they do to be informed about what options are available to them.

How to Stay Focused in the Summer

Summer is usually a great time to spend time with your loved ones. You can go on adventures, host barbecues and enjoy pleasant trips. However, summer can be stressful for an entrepreneur. As a businessperson, you need to figure out how you’ll remain productive with the high temperatures and other things going on. Here are a few tips to help you stay focused in the summer.

Take your work outside

Nowadays, it’s easier to work from anywhere. With a portable computer and wireless internet, you can work outdoors. But you need to be careful about your paperwork. Use clipboards to prevent the wind from blowing away the papers. If you have a meeting with one of your clients, you should propose an outdoor location such as a restaurant with an open patio. Alternatively, you can hold your meetings at the park. This way, you’ll avoid the discomfort that comes with staying indoors when the temperatures are high.

Open windows

Sometimes, you can’t work outside due to the nature of your job. So, you may have to work inside an office or house. Open a window to allow fresh air to enter your workspace. A cool breeze will help you stay energized. Sunlight will also penetrate through the window, making you feel more alert and comfortable. Studies show that natural light influences the general disposition and moods of people.

Go out for lunch

It would be stressful to work and eat indoor during summer. Taking a walk at lunch will help you relieve stress as well as enjoy the weather. An hour or two outdoors can boost your energy levels. Scientists believe that walking outside in the summer weather influences the release of endorphins, which relieve stress and pain. You don’t have to walk alone. Invite your colleagues to take a walk with you during breaks. This will enable everyone in the workplace to focus on his or her work and feel revitalized.

Assign your duties to others

Some aspects of running business can be stressful during any time of the year. However, the summer weather conditions can make these activities more stressful. It’s advisable to hire professionals to help you out to avoid losing focus. Some of the tasks you can assign to other experts include public relations, which is essential to every business. To get the best PR services, always go for reputable professionals such as Martin J. Stallone. They know the best ways to build your brand image and boost your customer relationship.

Plan a vacation

Summer is one of the best times of the year to take some time off. It’s a perfect time to enjoy the weather without having to worry about work and other responsibilities. When planning a holiday, you don’t have to spend too much money. You can plan a trip to visit your family or pals. Taking time off will motivate you to work harder when you get back to work as you’ll feel more energetic.

These are just a few of the best ways to stay focused during summer. The main idea is to avoid stressing yourself too much. Summer should be a time to relax and have fun.

6 Tips on How to Pay Off Your Debt Without Losing Who You Are

We all assume that paying down debt involves making certain changes in the way we run our lives. Not true. A few minor adjustments may have to be made, but nothing too big. Below are 6 proven ways to achieve this goal in only a few years without having to alter any of your life.

1) Create list of where all your money goes. Most of you can get this done in only 30 minutes. This list should include bills, grooming, entertainment, etc. Add up everything. Subtract this number from what you currently take home. Is there a difference? Is there more going out? Coming in? This list will give you a good place to start. You can also visit Nationwide Direct Debit for an itemized copy of a budget sheet to work from.

2) Make a list from lowest to highest. Go through it. Figure out how much you can squeeze from your “spending” to help pay it down each month. Unless you have a major problem with spending, there should be no issues here. You should not have to change your life too much.

3) Pay off one thing at a time. Do not try to do it all at once. This is how you got into this mess in the first place. Pay only the minimum amount on those you are not currently trying to pay down. Pay as much as you can on the current bill. One brick at a time

4) Freeze or cut up all your credit cards. They do work out for some. Others tend to have issues with them. I did. Those who can handle a credit card should keep one around. Get rid of the rest.

5) Sit down with your family each month to get a progress report. See where else you can cut down. Can you lose some of your cable you are not using? Why pay for something you do not need? Get some good ideas and revisit them in a month or so. Those of you who are on your own you will have to be more diligent about this. Set reminders for the meeting. Keep to a schedule. Say something is not working out for you in the budget. Find an alternative.

6) You have to understand that this is a problem. Some have a harder time of it than others. Talk to yourself about this issue. Money is one of core issues that every person has to deal with. It is not going to go away. It is like an addiction. The first step is admitting you have a problem with money and debt. The next step is to take the necessary steps to fix it.

There is no shame here. The only shame here is not doing something about it. Take ownership of your finances now. Become debt-free for good.

Measuring Effectiveness of Error Removal for Young Development Teams

As long as the final product is sound and free of defects and errors, the overall efficiency and effectiveness of the error removal process in software development is rarely a major concern — at least from the perspective of the buyer. It is an understandable position, especially since most buyers are satisfied with a vendor capable of providing the on-time delivery of quality software that meets the buyer’s initial expectations and falls within the original cost guidelines.

Although this seems to be a perfectly sensible position for any buyer to adopt, it is easy to conclude that most buyers would become far more interested in the importance of the error removal process if they were more keenly aware of the direct relationship between software development cost and error removal efficiency.

It is for this reason that buyers ought to become more familiar with the most critical error removal metrics, as a software development team capable of efficient and effective error removal processes is more likely to deliver cost-effective results while maintaining high standards for the overall quality of the software that is ultimately developed.

The Cost of Identifying and Fixing Errors

Unfortunately, both buyers and vendors tend to underestimate the short- and long-term costs associated with identifying and fixing errors during the software development process, not to mention the costs that will continually add up if any errors or bugs are allowed to remain in the released version of the software. According to one estimate that used a large software system with a function point size range of 10,000 as an example, nearly 50 cents of every dollar spent on development was devoted to identifying and fixings errors and defects over the system’s 25-year life expectancy.

When one considers the error removal costs associated not just with the development process but also the costs generated after the release of the software, it becomes much easier to understand why error removal and defect repairs are often considered the most expensive aspect associated with the development of high-quality software. For buyers, these potentially exorbitant — and often unseen — costs underscore the need for tools capable of accurately measuring the efficiency and effectiveness of a software development team’s error removal processes.

Measuring Error Removal: Operator Errors and Defect Removal Efficiency

For buyers, it should now be quite evident just how critical it is to understand which metrics are most useful in determining the overall effectiveness of the software development process — with error removal being particularly essential due to the reasons previously outlined. In addition to ensuring cost-efficient processes, several error removal metrics also provide some insight into the overall quality of the software created by a software development team, adding even more value for buyers who understand and apply these particular metrics.

Operator Errors

When a software development team is assembled, it is the goal of the leadership group to ensure that the team is comprised of individuals possessing complementary skill sets that account for all the different and complex components that make up the software development process. Without this kind of balance, the existence of any kind of skill gap within the team often results in operator errors that needlessly inflate the costs associated with identifying and fixing errors in the software.

A leadership team that makes use of this metric — which is designed to accurately outline operator errors — is much more likely to quickly identify and fill any skill gaps that might exist on the development team and can then begin the process of developing specific strategies to ensure these kinds of operator errors are avoided altogether as the development process continues. This benefits the buyer tremendously, as cost-efficiency is made more likely due to the simple avoidance of issues associated with overlooked defects or improper documentation stemming from operator errors.

Defect Removal Efficiency (DRE)

In terms of measuring error removal efficiency, DRE (Defect Removal Efficiency) is one of the most accurate and useful metrics available to those overseeing the software development process. This metric compares the number of defects in the final project to the number of defects reported by the software testing team, providing insight into just how efficiently team members are able to identify and address errors and defects that exist in the software.

Ideally, the software testing team’s DRE rating should be as close to 100 percent as possible, as this indicates that the team is remarkably efficient in identifying, removing, and resolving the errors that exist in the software being developed and tested. A DRE rating close to 100 percent also reveals quite a bit about the overall quality of the software, something that other error removal metrics often fail to account for.

Combining Prevention, Pre-Test Removal, and Testing for Efficient and Effective Error Removal

Buyers who understand the often complex processes associated with software development are better positioned to select a development team capable of delivering high-quality software that is both on time and on budget. When selecting a vendor, it is therefore critical for buyers to discuss the development team’s specific strategies for measuring error removal and how they intend to create an efficient and effective development process from beginning to end.

Although every team operates differently, it is often the case that the most effective development teams favor some combination of prevention, pre-test removal, and thorough testing practices to ensure efficient and effective error removal processes. Through the use of a synergistic approach that incorporates prevention, pre-test error removal, software testing tools combine with sound testing strategies, these teams are able to produce the high-quality and cost-efficient software buyers so frequently seek.

BoldLeads Reviews Methods for Enhancing Efficiency in Real Estate, Construction and Design

BoldLeads real estate constructionBusinesses in all industries should be constantly striving to develop methods for improving the efficiency of their relevant professional practices, as there is simply so much to be gained simply by focusing on drastically improving any existing inefficiencies while also identifying areas in which incremental gains can be made. According toBoldLeads, the industries that encompass real estate, construction and custom design could all benefit from an increased focus on efficiency.

Efficiency is just one of many areas of expertise for a company like BoldLeads, which has assisted real estate agents all over the country by streamlining and improving the entirety of the lead generation process by a significant margin. BoldLeads is not alone in seeking methods for enhancing the efficiency of practices associated with real estate, as one GIS analyst in Boston created a map of the city’s property values for quick and easy review and analysis.

In terms of construction and custom home design, many professionals are taking a cue from builders who are capable of providing comprehensive services that encompass everything from the initial building plans right up to the most minor interior design elements. Instead of working on coordinating the custom build with disparate contractors and sub-contractors all operating on different and often conflicting schedules, comprehensive custom building services are far more efficient in terms of the time spent on the project as well as the ease with which it is completed.

Luke Weil Reviews Steps for Building a Team of Social Entrepreneurs and Investors

 

luke weil investorsOne of the most interesting developments in investing and entrepreneurship that has taken place over the last few years surely has to be the rapidly increasing number of socially-conscious investors and entrepreneurs. While there has always been entrepreneurs working diligently to ensure their business endeavors also accomplished or contributed to some sort of social good, it seems that there is now an entire sector of investors and entrepreneurs whose sole focus is on generating a positive social impact while using the leverage they are able to wield through their business operations.

Luke Weil has been involved in a number of social entrepreneurial endeavors, including one in which his company is diligently working to preserve indigenous Amazonian medicines. In each one of his endeavors, Weil has found it incredibly valuable to assemble a team of like-minded individuals with the goal of ensuring the success and long-term viability of the project. This is of particular importance when one considers that the social good achieved through entrepreneurship may be viewed as unsustainable over the long term if the team is not able remain productive and on the same page throughout the entirety of the project.

In addition to these team-building principles, corporate philanthropic efforts should also be discussed and agreed upon during the course of assembling a team. This will allow team members to be fully invested in whatever model is ultimately selected, which will result in a greater likelihood of team members championing the model they adopt in the same way the Salesforce Foundation has championed the 1-1-1 model of philanthropy.

Michael Mally Gallery

Michael John Mally, a.k.a. Michael J. Mally is a San Diego artist who was kind enough to send over a few shots from his most recent photo shoot. A self-styled SD native, Michael Mally is a bit eccentric but you quickly grow to love his quirks. Namely, his is extremely aware of his surroundings. While we talked at a restaurant along a busy walking street, someone dropped their wallet and without missing a beat, he said, “Excuse me, you dropped something,” and continue his conversation with me!

Michael Mally is truly a class act and I can’t wait to see what he does next!

Arturo Alvarez-Demalde

Arturo Alvarez-DemaldeArturo Alvarez-Demalde was recently interviewed by Mario at IdeaMensch. Arturo Alvarez-Demalde’s interview can be summed up by saying, if you haven’t read it yet, you’re missing out!

Alvarez-Demalde begins by talking about his childhood. Where he is from, what he has been through and who he knows. After his childhood, he starts talking about one of his passions, fresh food. It might seem strange but Arturo loves fresh produce! Talking about his high bush blueberries is a mouth-watering treat. His newly planted vineyard of Thompson seedless grapes will surely set the table for the final course, a dozen hens laying fresh eggs daily.

Arturo Alvarez DemaldeWhen talking about these various enjoyable endeavors he repeats that these are not about money but about the enjoyment he gets walking in the cool of the vineyard, watching the chickens come running when he takes them food each day and picking fresh blueberries in the heat of the summer. He talks about freezing blueberries in a 0 degree freezer so he will have fresh-frozen blueberries all year that don’t have to be imported from another country.

Arturo Alvarez-Demalde is clearly a man who has many talents but also many passions. At his current company, a brand management company, he has helped not only place them on the map, but point them in the right direction. Without his leadership, the company might not be around today!

Arturo Alvarez-Demalde is also a Harvard Business School Alumni!

Marlon Kobacker Discusses How to Build on Current Progress in Sustainable Energy Industry

Marlon Kobacker 1836While there is good reason to feel that more progress could have been made had the warnings of the scientific community been heeded much earlier, it is nonetheless impressive to see the advancements that have been made as a result of innovative professionals like Marlon Kobacker, who have all worked so hard to develop new technologies aimed at enhancing sustainability while reducing carbon emissions. Rather than look back at the critical junctures in which even greater progress could have occurred with the appropriate action or level of investment, the only thing to do now is to continue to look forward in order to build on the progress that has already been made.

According to Kobacker, a great deal of that progress has been made as a result of the successful reduction or removal of the capital cost barrier to sustainable design implementation. While these cost barriers have been largely removed due to the increased focus on early involvement on the part of sustainability consultants, Kobacker believes that even greater progress can be made through increased educational efforts aimed at delineating the short- and long-term benefits of a focus on sustainable design right from the earliest stages of any project.

When those in charge of a project are able to recognize the short- and long-term value of the kind of sustainable design that goes beyond the minimum requirements set forth through legislation or building codes, it is far more likely that progress will be able to continue on at an exponential rate. This is especially the case if the full range of benefits can be thoroughly outlined, as there are many instances in which the economic benefits are so significant that there is no rational argument to be made against the comprehensive utilization and implementation of sustainable design.

The Groza Learning Center on the Importance of a Comprehensive Approach to Education

With so many varied influences on academic success, students enrolled in the same classes in the same educational setting can still have incredibly unique academic experiences. It is therefore important that students adopt a comprehensive approach to education that includes strategies that can be implemented both inside and outside of the classroom. According to Scott Groza of the Groza Learning Center, a comprehensive approach to education should at least begin with the development of practical and productive study habits, and students should consider the inclusion of tutoring, test preparation and peer study groups.

Practical Study Skills Must Be Taught

Even students who are already performing well academically can benefit from improved study habits, especially since there are a number of simple strategies that can be employed to enhance overall efficiency and productivity. For students who have fallen behind or who have been struggling in a specific subject area, the cause may very well be related to the manner in which they approach their studies. Since this is an area that can be very easily improved, students should strongly consider taking advantage of any opportunity to learn about the methods available for enhancing their study skills.

Tutoring, Test Prep and Peer Study Groups

When students are exposed to information in varied settings, they are far more likely to retain that information over a long period of time. Through the use of one-on-one tutoring and peer study groups, students encounter and process this information across several different circumstances, helping to improve their academic performance in both the short and long term. This is particularly beneficial when this information appears on end-of-year exams or standardized testing, so it is of particular importance for students to pursue a variety of strategies that contribute to a comprehensive educational approach.