Some great advise here:
http://www.entrepreneur.com/homebasedbiz/gettingstarted/article205394.html
Like Nike would say..."just do it."
That doesn't mean do it without planning. But don't let fear take over and cause you to not pursue your dreams.
If you are starting, building, or growing a business then come check us out at hawkeyemgmt.com
We offer unsecured business lines of credit and unsecured business loans. No up-front fees normally, no collateral, and no financials necessary.
Tom Gazaway CCEW, CMPS, XCO
hawkeyemgmt.com
888-783-1503 toll free
Friday, March 12, 2010
Thursday, March 4, 2010
$20 Billion the easy way
myfico.com reports that an estimated $20 Billion in fees were generated by banks in 2009 on overdraft fees on debit purchases and ATM transactions. In a separate study in 2008 by the FDIC, 14% of people generated 93% of overdraft fees collected by banks.
Come on People!!!!
I have a busy life too but overdraft fees - ESPECIALLY when it happens consistently - are Mega-Budget-Busters. I would love them to do a study on the correlation between consistent overdrafts and financial success. Here are some suggestions:
1. Go back to basics with your budget. This might mean simply "doing" a budget but if this is an issue for you then make a change today. You cannot expect your tomorrows to be different and better if you don't do something today.
2. Get overdraft protection so that when/if you go into the red you have a cushion. There's obviously some potential pitfalls if you abuse this but if you don't abuse it then you'll be glad you had the cushion in those rare instances where you go over your budget and would otherwise be hit with an overdraft charge.
3. Some banks (not all) will let you link a savings account to your checking to serve as your overdraft account. If this is an option then it's a no brainer.
Banks are also good at layering the overdraft fees as well...so the domino effect can cause your "one" incident to turn into multiple overdraft charges so take action on this to save yourself some potential grief. Remember what grandma said, "an ounce of prevention is worth a pound of cure."
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
888-783-1503 toll free
Come on People!!!!
I have a busy life too but overdraft fees - ESPECIALLY when it happens consistently - are Mega-Budget-Busters. I would love them to do a study on the correlation between consistent overdrafts and financial success. Here are some suggestions:
1. Go back to basics with your budget. This might mean simply "doing" a budget but if this is an issue for you then make a change today. You cannot expect your tomorrows to be different and better if you don't do something today.
2. Get overdraft protection so that when/if you go into the red you have a cushion. There's obviously some potential pitfalls if you abuse this but if you don't abuse it then you'll be glad you had the cushion in those rare instances where you go over your budget and would otherwise be hit with an overdraft charge.
3. Some banks (not all) will let you link a savings account to your checking to serve as your overdraft account. If this is an option then it's a no brainer.
Banks are also good at layering the overdraft fees as well...so the domino effect can cause your "one" incident to turn into multiple overdraft charges so take action on this to save yourself some potential grief. Remember what grandma said, "an ounce of prevention is worth a pound of cure."
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
888-783-1503 toll free
Monday, February 22, 2010
Distraction & Direction...
Distraction is the enemy of Direction. Does your business have a plan? Are you following that plan? Is your day guided by purpose?
Just some thoughts.
Remember, we help businesses raise capital THE RIGHT WAY. We specialize in unsecured business lines of credit and unsecured business loans. Come check us out at hawkeyemgmt.com and see who we are.
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management LLC
hawkeyemgmt.com
888-783-1503 toll free
Just some thoughts.
Remember, we help businesses raise capital THE RIGHT WAY. We specialize in unsecured business lines of credit and unsecured business loans. Come check us out at hawkeyemgmt.com and see who we are.
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management LLC
hawkeyemgmt.com
888-783-1503 toll free
Monday, February 15, 2010
401(k) Funding...
Great article in USA Today:
http://www.usatoday.com/money/smallbusiness/2010-02-15-smallbusiness15_CV_N.htm
This is one of many options for business owners who are looking to start, build, or grow their businesses. Hopefully it's not entered into without a strong understanding of the lending options that are available. I think there's a time and place for about everything...so I'm NOT saying that you should never use your retirement money. However, do you want to take that big of a risk? If the business goes south then would you rather lose your retirement (aka your future) or would you rather have some lines of credit that get behind or go delinquent and there was no collateral attached to them? Seems like a pretty easy answer if you understand the implications.
This does not mean that there's one answer for all but the knowledge going in as to what can be done, if it will raise the needed capital, and what different sources will be tapped for the business needs is so important.
Do it the RIGHT ways as we say...build your business with Excellent personal and business credit. Check us out at hawkeyemgmt.com and see what we do. We offer a FREE, No-Obligation pre-qualification. Unlike many other "business credit" providers we don't sell something to anyone who is willing to buy our over-priced product - instead, we only allow people into our program if they can get the capital through our program. And the best part is that if you don't get your funds then we don't get paid so you won't risk buying something that won't work!
Check us out on Facebook (Hawkeye Management) and follow me on twitter if you like (twitter.com/tomgazaway).
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
hawkeyemgmt.com
888-783-1503 toll free
http://www.usatoday.com/money/smallbusiness/2010-02-15-smallbusiness15_CV_N.htm
This is one of many options for business owners who are looking to start, build, or grow their businesses. Hopefully it's not entered into without a strong understanding of the lending options that are available. I think there's a time and place for about everything...so I'm NOT saying that you should never use your retirement money. However, do you want to take that big of a risk? If the business goes south then would you rather lose your retirement (aka your future) or would you rather have some lines of credit that get behind or go delinquent and there was no collateral attached to them? Seems like a pretty easy answer if you understand the implications.
This does not mean that there's one answer for all but the knowledge going in as to what can be done, if it will raise the needed capital, and what different sources will be tapped for the business needs is so important.
Do it the RIGHT ways as we say...build your business with Excellent personal and business credit. Check us out at hawkeyemgmt.com and see what we do. We offer a FREE, No-Obligation pre-qualification. Unlike many other "business credit" providers we don't sell something to anyone who is willing to buy our over-priced product - instead, we only allow people into our program if they can get the capital through our program. And the best part is that if you don't get your funds then we don't get paid so you won't risk buying something that won't work!
Check us out on Facebook (Hawkeye Management) and follow me on twitter if you like (twitter.com/tomgazaway).
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
hawkeyemgmt.com
888-783-1503 toll free
Wednesday, February 10, 2010
Venture Capital...
Amy Cosper, Editor-in-Chief of Entrepreneur Magazine, reported that VC's invested 4.85 Billion to Alternative Energy in 2009. As my friend Mitch Matthews would say, WOW. Wanna know what we're investing in today and preparing for tomorrow? There ya go.
Credit Card Solicitations...
It looks like we're all starting to get more credit card offers in the mail again...as stated in the Wall Street Journal on Feb. 9, "now that they know the new rules of the game, [card issuers] are beginning to extend new credit."
Synovate is a market research company. They reported that 398.5 million solicitations were sent out in 4Q 2009...this is a 46% increase from 3Q 2009. The increase is great in many ways and indicates that there's some desire to return to lending from credit card issuers. It's also important to note that this increase is still a long way from the 1.5 Billion solicitation offers that were sent in 4Q 2006. It's also interesting that about 84% of those 398.5 solicitations were sent to A-Paper candidates with 720 and above FICO scores. Mailings to borrowers with under 620 FICO scores made up only 6% of the total so it's also clear that this uptick in solicitations is clearly focusing on "prime" borrowers.
If you're a small business owner looking to start, build, or grow your business we can help so if you could benefit from an unsecured business line of credit or an unsecured business loan come check us out at hawkeyemgmt.com and see who we are and what we do.
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
888-783-1503 toll free
Synovate is a market research company. They reported that 398.5 million solicitations were sent out in 4Q 2009...this is a 46% increase from 3Q 2009. The increase is great in many ways and indicates that there's some desire to return to lending from credit card issuers. It's also important to note that this increase is still a long way from the 1.5 Billion solicitation offers that were sent in 4Q 2006. It's also interesting that about 84% of those 398.5 solicitations were sent to A-Paper candidates with 720 and above FICO scores. Mailings to borrowers with under 620 FICO scores made up only 6% of the total so it's also clear that this uptick in solicitations is clearly focusing on "prime" borrowers.
If you're a small business owner looking to start, build, or grow your business we can help so if you could benefit from an unsecured business line of credit or an unsecured business loan come check us out at hawkeyemgmt.com and see who we are and what we do.
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
888-783-1503 toll free
Sunday, February 7, 2010
Obama's SBA Plan...
Take a look at Obamas plan for increasing small business lending...use this link and scroll down to the top business videos. It's 7 minutes long and worth hearing.
http://www.msnbc.msn.com/id/3032072/ns/business
What I like about it is that they want to take $30B away from the banks bailout money to lend to main street.
Come check us out at hawkeyemgmt.com and learn more about our unsecured business lines of credit and unsecured business loans.
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
888-783-1503 toll free
http://www.msnbc.msn.com/id/3032072/ns/business
What I like about it is that they want to take $30B away from the banks bailout money to lend to main street.
Come check us out at hawkeyemgmt.com and learn more about our unsecured business lines of credit and unsecured business loans.
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
888-783-1503 toll free
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