HOW TO SELECT THE CORRECT FINANCE
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How To Select The Correct Finance Package For Residential Or Business PowerPoint PPT Presentation


Being in the business of providing professional financial and business advice means we come across all types of success and failure cases. Statistically speaking, for every one great financial success story, there are at least 5 financial failure stories. What is hurting is that, every one of these failures could have been avoided if the business owners had been a little bit more diligent while taking the loan to start the business or domestic venture.

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How to select the correct finance package for residential or business

HOW TO SELECT THE CORRECT FINANCE

PACKAGE FOR RESIDENTIAL OR BUSINESS

PACKAGE FOR RESIDENTIAL OR BUSINESS

Being in the business of providing professional financial and business advice means we

come across all types of success and failure cases. Statistically speaking, for every one great

financial success story, there are at least 5 financial failure stories. What is hurting is that,

every one of these failures could have been avoided if the business owners had been a little

bit more diligent while taking the loan to start the business or domestic venture.

Our own in-house research indicates that the 75%

of failures occur either because the business

owners failed to correctly calculate the quantum

of finance required and therefore the business

floundered soon after take-off or, the business

owners over-estimated the revenues and profits

from the business venture and therefore fell

behind on their payment schedule resulting sadly,

in the premature closure and bankruptcy.

The other 25% failures occur because of wasteful

expenditure. Flush with funds, we've seen

business

unplanned, non-revenue earning expenses. This

latter group are seen more amongst non-business

folk who obtain a financial loan for purchase of their first home. Part of the money is used

to buy furnishings, luxury fixtures, install an unplanned swimming pool for example, and

so forth – things that were not in the list when they computed the amount of loan required.

Soon the initial corpus runs out and they need additional financial assistance. Now unless,

the homeowner is due for a big fat financial windfall, he or she will likely fall back on the

repayment schedule and it would be a painful downhill journey from there on.

In both cases, while it is obvious that financial discipline is vital, it all begins by knowing

with a high degree of accuracy, two very simple figures; what our repayment capacity is

and, how much cash to borrow. Note the sequence – figuring out the repayment capacity is

vital and that should be the first figure you derive. The how- much-to-borrow part depends

on the first figure and of course, reason for the borrowing – there's no point in borrowing

more just because you can after all, there's a cost involved to it.

HOW TO SELECT THE CORRECT FINANCE

owners

get

reckless

and

incur

You might think figuring out your repayment capacity is as easy as subtracting your

expenses from your income. You would be only partly correct because there's more to it

than that. There's a scientific way this is done and an expert will ask the right questions

and plug-in every possible expense that might or is likely to occur during the tenancy of the


How to select the correct finance package for residential or business

loan. He will add a percentage for contingencies – a percentage that differs from individual

to individual and business to business.

So, when it comes to figure out how much to borrow and repayment capacity, it is best you

talk to the experts in the field, experts such as http://business-adviser.com.au/. You would

be surprised how little it costs to get the right financial advice.

In fact, these finance gurus can not only accurately work out your financial borrowing and

repayment capacity for business or personal use, they can due to their constant interaction

with financial institutions and banks, point out the best financial package for residential or

business loan finance. Get it right and you won't have to regret anything later.


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