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Archive for November, 2011

Fundraising for a New Business

Wednesday, November 23rd, 2011

It’s one of the great challenges, and one of the most rewarding experiences, to begin a new business venture.  Taking the time and the energy to put a vision to work in the world is always a risk, but it’s one of those risks that can have enormous payoffs in the end.  Having realistic expectations is essential, and although positive thinking certainly will pave the way to success, naïve ideas about profit can stand in the way.  It’s important, then, to maintain a spirit of discovery, with the understanding that setbacks do not equal failure, and that too much luck at the beginning can be misleading.

 

With any business, brand new or well-established, there are always going to be periods that are slow, and points where things pick up.  Part of the challenge, then, is to organize and plan so that it’s easier to weather the ups and downs.  Having sufficient start-up funds is of course one of the most essential things to getting the project up and running in the first place.  This means having sources of funding from all over the map, from fast loans from Money Mutual, to a list of potential lenders.  But having enough of a prudent reserve for tough times definitely needs to be factored into the equation.  For many businesses, having enough funds to cover basic operating costs for six months is recommended. This is a reasonable amount necessary to be able to weather unsuspected storms, treating the business like an individual, protecting themselves against the possibility of unemployment. Of course, for many small businesses, it’s not possible to have that kind of liquid income.  It’s definitely possible to survive, but riskier.

 

In either case, one will need to cultivate a head for fundraising.  In the non-profit world as well as in businesses for profit, fundraising is a skill that carries over into most every other aspect of running a business.  Finding sources for fast loans that can get things rolling, from places like  www.montelwilliamspaydayloan.com, is definitely one crucial piece of the puzzle.  But it’s also necessary to start thinking about networking in a totally different light, where every encounter can be one that leads to potential sources of income.  Talking to family members and extended family members is one way that new businesses get a leg up, Learning how to introduce the mission and purpose of the business to family and friends is not only a way of tapping potential funding, but it’s also good practice for talking to strangers.  This is the testing ground, then, where one learns how to talk about their ideas, and ask for money, all at the same time, and these are the skills that every successful business owner gets to utilize, and continue learning, throughout their lives.

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The Costs of DUI

Wednesday, November 23rd, 2011

One often hears in the news about people being convicted for DUI or being involved in an accident caused by DUI.  DUI stands for Driving Under the Influence.  That means the driver is intoxicated which affects their driving performance.  DUI is against the law and police departments around the country crack down hard on this.

What will a DUI cost you if you are convicted for the first time.  OK it may vary according to the state you are convicted in – but the cost could be in the vicinity of $5,000.  Now that is a lot of money for having some drinks and getting behind the wheel of a vehicle.  This amount includes fines and fees associated with the conviction.  This is a lot of money and enough to put most people off drinking and driving.  And the bad news is this cost could be much higher if you have to pay for another form of transport to your place of employment.  That is of course if you do not lose your job.  If that is the case then the cost could be so much higher.

Costs associated with DUI include; fines, court costs, attorney fees, bail, vehicle towing fees, alcohol education school, fees for getting your license reinstated, ignition lock fees as well as additional costs associated with vehicle insurance.  You will not get your license back until you have proof that all these fees have been paid.

The costs associated with DUI go up in increasingly larger amounts for each subsequent conviction.  Plus the amount of time you lose your license for increase with each additional conviction.

Information from the Knoxville DUI Attorney

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