Category Archives for "Finance"

Different Options Owners Can Use to Finance their Business in the UK

The number of first-time homebuyers has decreased in UK since 1980. It is not surprising at all, as the millennial generation is more interested in establishing a business or income resource other than purchasing a house. Home ownership increased after 2010 by several points however, it started falling again after 2013. Since 2007, there has been a decline of around 47% in homeownership in UK.

Meanwhile, The Telegraph reported that UK hit the highest number of start-up businesses in 2015. Around 600,000 new businesses launched in 2015 in UK. The options of business financing are also increasing in number and variety alongside the expanding entrepreneurship. Here are some of the options available in the market for safe investment.

Personal Savings

Save more, spend less. The concept has changed now. It says that invest more to save more. If you want to start your new business then nothing can beat the benefits of your personal savings. In other options, you start your business based on loans. This means, that you have to repay the loan amount, and you also have to pay the interest in most cases.

Peer-to-Peer Lending

The concept of peer-to-peer lending is second safest option for your business. In peer-to-peer lending, a friend, relative, family members, or someone close other than your spouse lends you money. Least amount of interest applies on principal of peer-to-peer lending. However, the chances of losing your relationships are high in peer-to-peer lending.

Private and Commercial Loans

You can get commercial loans from banks or private lenders. Most of the private lenders do not lend high amount of loans for start-up businesses but it is a good catch if you get one. The interest is mostly high in both types of loans.

Venture Capitalism

Venture Capitalism will test your marketing and negotiation skills as you will have to search the market and convince the lenders. In venture capitalism, the individual lender or company enters a contract with you. The borrower is obliged to repay the venture capital once their business establishes after the term period explained in the contract. The rate of interest depends on mutual consent. The venture capitalist may ask you for shares instead of loan repayments, but it is decided before signing the contract.

Home Equity Loan

You can get a loan on the equity of your home to finance your start-up business. However, remember that you may lose your home equity if you suffer a loss at business and fail to repay the loan amount.

Angel Investments

Angel investment works like venture capitalism. A lender offers you loan at low interest rate. You establish your business and repay the loan after fixed time.


In crowdfunding, the amount you require is raised by various investors. The investors may ask you for shares or loan repayments. Crowdfunding works like fundraising.

Make sure that the method of financing your business provides you sufficient time to establish your business and earn returns.

Here Is How You Can Set Your Financial Goals

Making financial goals is easy; sticking to it and achieving it is the real problem. Many times our goals are so unattainable that they only sound possible when we are dreaming; at other moments, we are so hopeless that we don’t even bother setting any.

No worries though because setting up financial goals is actually quite easy, all you need is commitment and the right plan. For those who need guidance, here is how you can set your financial goals.

1.    Understand your goals clearly

For every effort or a goal, we need a motivation, a light at the end of the tunnel. So in order to stay on  path, we need a financial goal for us. This goal has to be our passion; the idea of it alone should be enough for us to stick to our plan and keep on working until we reach it. Therefore, the first step is to figure out a goal that is attainable, realistic, and definite.  For instance, if your goal is to pay your college tuition fees, you must have a job or a source of income that will make your goal possible.

2.    Single out your problems

Finance is never without problems, no matter how big or small your income is. Maybe you are knee deep in debt, maybe you have mistakenly exhausted your emergency funds, maybe your budget and your priorities are all skewed up. Figuring out a problem is half the battle; once you know what it is, all you have to do is face it right-on.

3.    Get rid of the debt

This is a harsh reality, but still the truth: you’ll never be able to achieve any financial goal if you own a number of debts. So before you set out to achieve other goals, getting rid of debts should be your first one. Debts are ugly; the longer you owe them the higher they go and a time will come when you won’t be able to pay-off at all. The best solution is to pay them on time and pay in full; it would also help if you stay entirely away from loans and use your credit cards as less as possible.

4.    How to begin

First thing first, do an inventory of your debts. If you owe many then focus on credit card debts and loans first. Once you have dealt with them, focus on your mortgage and car installments. For paying off the loans you’ll need to make a budget and allot a certain percentage every month for debts. You’ll also need to cut back your other expenses. If you are having troubles with interest rates, ask the lender to reduce it and if not, then take a loan with better features and more flexibility to pay off the first one.

5.    Check if you are you reaching your goals:

Now that your plan is in place and you know how much to spend each month and how much to save, you must track your progress. Most of us stay really motivated for a few months and then lose Interest. Therefore, in order to achieve your financial goal, you must see how far you have reached.

Setting up financial goals and then sticking to it is no easy feat, regardless if faith can move mountains then what are few financial goals?

How to Use Ebay to Earn Money

eBay is one of the largest e-commerce companies around the world. It provides both B2B (Business to Business) and B2C (Business to Consumers) services. The website started as early as in 1995 and saw success during the bubble of dot-coms. Unlike most online ventures, the success of this website, was permanent due to an excellent working model and it is used around the world by people to earn money and use it to bolster their finances.

There are many ways to earn money on eBay. Here, we share the best method that you can employ to gain financial benefits from the e-commerce giant by starting your career as a seller:

1.     Set up Your eBay Account

It all starts with baby steps. You need to establish your eBay account before you can sell even a single item and make money. You also have to select the right subscription model for your needs as eBay has three modes of paid subscriptions.

The costs of these subscriptions are spread over a wide margin. You can get a paid subscription for 16 dollars, but you can also get the top model for around 180 dollars. This is not for a beginner though as it allows thousands of item listings which surely you would not have as a start up seller.

You should always balance the monthly fee against the fees charged for the sold item. Each individual needs to find the balance to suit his particular selling needs.

2.     Link a PayPal Account

PayPal is the best method of payment which is currently used around the world of online shopping. It allows your customers to use their credit cards as well as debit cards and all other modes of payment. Many people in fact only buy from sellers on eBay who allow them to pay using PayPal.

No one wants to write a check or a lengthy online transfer procedure in this day and age, and PayPal is certainly the way to go.

3. Think about Your Selling Inventory

You need to think long and hard about the items that you may select to sell. You cannot just go about and sell stuff at a random. You need to either pick a niche or create your own, but in a systematic manner. You need to create returning clients that know about the items that you sell.

You also have to make yourself extremely familiar with all the items that you are looking to sell. You have to write detailed descriptions with your products as well as answer the questions of the potential buyers. Buyers will back off a product if they feel the seller simply does not know everything about the product.

4.     Use Appropriate Method

You can sell your items in a variety of ways. You can use the auction method that allows potential buyers to compete for the product. eBay allows you to set a reserve price from which the auction can start. You can also set up a fixed price to sell an item immediately. All buyers can immediately purchase items that have a status of Buy It Now (BIN) on eBay.

eBay is a wonderful e-commerce website to make good money. These are a few steps that will allow you to charge out of the blocks when starting a business on eBay.

The Effects of Being Broke on Your Health


Spend what you have earned.

Save what you spend from what you’ve earned.

And then, earn more!

Our entire life is based on this vicious cycle. Money dominates our thinking and money then dictates it. It has incredible control over us. And the moment the cycle goes kaput, our biological alarm kicks in and send our body into physical and mental overdrive. If you go totally broken, the effects are only compounded.

Is this just a myth or fact?

Medical Studies

Medical science believes that the impact of being financially broken starts from mental health and then transcends into physical health.

When your survival comes into question, your body’s natural response is to develop stress. Stress stimulates the production of stress hormones like adrenaline and cortisol.  These hormones send your heart into overdrive, which then increases your blood pressure. To facilitate the heart in the overdrive mode, brain starts dumping fat and sugar deposits into your bloodstream.

That sounds pretty simple. But what’s the result of this physiological reaction?

Short Term Effects

Over a short time, this leads to anxiety disorder, moving towards headache and then transforming into muscle tension, ulcers and digestive problems.

Long Term Effects

Persistent stress caused due by bankruptcy and other financial woes over a longer period results in diseases like diabetes, hypertension, heart diseases, chronic back pain, impotency and Alzheimer. The resulting panic attacks may also lead towards asthma. Worst of all, your body starts losing its ability to heal.

When combined, these two effects kick start a chain reaction where you also cut yourself off from your social circle. Social isolation threatens your survival even more and the stress piles up, compounding its effects even more.

Still not convinced, we have the numbers to prove it.

Proven By Numbers

Here are some of the figures revealed from the studies conducted by and Citizens Advice, which corroborate the influence of financial woes on our mental and physical health:-

  • More than 30 percent of people in UK, concerned about their finances, are found to be struggling with health issues. Out of these, 74 percent had their mental health affected by their financial woes, while the other struggled with physical health.
  • The depression that accompanied, affected the sleeping habits of 21 percent. 16 percent started having arguments with their partners on a routine bases, while 1 percent got their relationships broken.
  • The studies revealed that 10 percent resorted to comfort eating, 5 percent started drinking excessively, 4 percent lost their appetite and 3 percent lost their weight.


Like every other phase of life, you have to understand that you won’t be financially broken forever. These stages are a norm and looking at them in the grand scheme, they can help us to evolve into a better person. Embracing it and asking for help won’t be-little you. Avoiding it and living in ignorance will surely catch up with you at some point and the rest is well documented.


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