Of the many business myths which have bad advice associated with them, one of the most prominent has to do with Credit Cards. In fact, it used to be advised that it was good to have a lot of credit cards and to carry a balance on almost all of them. But this simply is not true.
In fact, having too many credit lines available to you can hurt you. You are considered a higher risk to lenders if you decided to get crazy with your cards and charge up a storm. Another consideration is that if you have a card and do not use it, then there is nothing for the creditor to evaluate.
Much better advice would be to keep only one or two cards and pay them off quickly. If you're trying to re-establish credit, you'll be more attractive to creditors if you have a major credit card, such as MasterCard or Visa. If you don't qualify, get a "secured card." These generally require you to keep $250 to $1000 on deposit, and then you can usually charge up to that amount. Many creditors will let you convert to a regular card after 18 to 24 months if you have a good repayment record. However, they will be cautious, in allowing only a very small credit line and probably one of the highest interest rates available.
This Handbook on the basic regulations and related services administered by the Department of Labor (DOL) is designed primarily for small businesses in general industry. It begins with a general overview of DOL requirements.
In these days, it's becoming increasingly difficult to make ends meet with just one source of income. Thus, more and more people are investigating the possibilities of starting their own extra-income business.
Success in business comes as a result of planning. You have to have a detailed, written plan that shows you what the ultimate goal is, the reason for the goal, and each milestone that must be passed in order to reach your goal.
Here again, it is helpful to form your corporation in Delaware. In this state the law allows you to assign any "par-value" to your stock as you like - even though there are no assets to back up your valuation.
Once you have formed your own non-profit organization, you merely place in your corporate charter the provision that medical care be paid by the organization of which you are a member.
The cottage industry, an old-fashioned enterprise, is enjoying a revival so strong that it's difficult to find out just how many Americans are now working at home. Estimates range from two to five million and the numbers may double by 1990.
Every year, several thousand people develop an interest in "going into business." Many of these people have an idea, a product or a service they hope to promote into an in come producing business which they can operate from their own homes.
Your Guide to Setting Up Your Own Business at Home
There isn't a day that goes by that I don't hear another small business owners complaining about some of the customers they have to do business with. And some of them REALLY are legitimate complaints.
Twenty million home-based businesses will be in operation by 1999, according to Link Resource's 1995 National Work-at Home Survey. All around the country, people who want more control over their lives are starting home businesses