Currency Management Solutions to Save You Time, Trouble (and Money)

The Red Deer Royal Canadian Mounted Police in Central Alberta have been dealing with cases of counterfeit dollar bills since the end of June. The counterfeit money has been used in 40 different establishments, including restaurants, gas stations, casinos, and even banks. Before Canada changed its currency to a polymer note in 2011, it was one of the most forged. The Globe and Mail reported that at one time, for every one milli

Five Business Valuation Methods for Early-Stage Businesses

The only certainty in the world of business is uncertainty. With the landscape and trends constantly changing, you need to make sure you have a way to track the progress of your business through the often turbulent waters. There are over 26 million businesses in the U.S. alone, and nearly 550,000 new companies are being formed each month. If you’ve just joined the shark tank, you need to know about these five business valuation methods. Comparable Transactions This approach is one of the more extrinsic ones, as this method looks at recent valuations of similar businesses in the same industry as yours. Say you’ve just started a carpentry business. Wouldn’t it be helpful to attempt to predict your company’s success based on data from others? This method is particularly useful if you have multiple comparable businesses. The more comparable businesses you have, the stronger your negotiating position will be. Discounted Cash Flow While comparable transactions focus extrinsically on determining business value, this set of business valuation tools measures future intrinsic company value. Since this business valuation analysis looks toward future earnings rather than historical earnings, it’s particularly effective for early-stage businesses. Potential and Talent At the core of the 5.4

Need a Last Resort Loan? Check out Private Hard Money Lenders

There are quite a few possible situations in life where you might feel an overwhelming need for urgent cash. Whether it is starting a new business, buying that car that you have always wanted or finishing higher education or getting professional degrees, the need for money can make its presence felt at any point of time. In usual scenarios, you would either prepare for this event with foresight and have enough money saved away so that any sudden requirement would not be a problem. At other times, you can also approach a bank, credit union or any other kind of financial institution or lending agency to try and get a loan application cleared. There are, however, certain situations where either option is not available. Consider these situations — you might be in foreclosure, and need to raise

Have You Bought Your Lottery Ticket for Tonight?

What would you do with a million dollars? Would you take your family on a dream vacation? Would you finally go back to school and complete that degree and pursue your dream career? Would you pay off all of your debt and then put the rest away for future use? Would you purchase a second home where your family could comfortably gather for future holidays? As tonight’s Powerball Lottery total reaches $422 million it is no wander that some in America are dreaming what they would do with a big win. And while it is fun to dream of what you would do with millions of dollars, the fact of the matter is the first decision of any winner is between smaller payments over a long period of time or to opt for a lump sum up front. Although some winners may think that taking smaller payment

Three Reasons Why You May Want To Sell Your Annuity

If you are the recipient of a major settlement or lottery winnings, chances are that you will be offered two choices: you’ll either receive your money in the form of a lump sum, or in the form of an annuity. A lump sum is exactly what it sounds like — a large amount of money received at once. An annuity, on the other hand, turns that lump sum into payments — the case of lottery winnings, you will have lottery payments, and in the case of settlements, you will receive structured settlement payments. Usually, there are a varied types of annuities, with different sets of payout periods. However, the most common payout peri

Four Secrets for Getting Out of a Mountain of Debt

The average American household has a whopping $238,658 in debt. This might seem like an exaggeration, but let’s crunch the numbers: The average American has $15,762 in credit card debt. On top of that, they have $168,614 tied up in a mortgage and about $27,141 in auto loans. Add in the typical student loan debt of $48,172, and being two hundred thousand dollars in debt doesn’t seem extreme anymore. Being so excessively in debt makes American bound to jobs they hate, just to make ends meet. Many American workers cannot feasibly retire when they reach 65 because they’ve spent their entire lives covering their monthly expenses; making an investment towards retirement is just not feasible. This is no way to live. If you are in this category of debt (as most of us are),