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What and Who is an Entrepreneur?

 

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Tuesday, September 11, 2007


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    Tuesday, September 11, 2007

What and Who is an Entrepreneur?
'One who organizes, manages, and assumes the risks of a business or enterprise'
Merriam-Webster's Collegiate Dictionary
Ho Humm... does that do it for you?
Why? ...
Because you are probably one of them, an Entrepreneur.
Think back when you began entrepreneurial endeavors.
Now think of Lewis and Clarke, Magellan, Columbus, or the Wright brothers. Explorers...entrepreneurs, I see very little difference.
We are in it for the game, for the recognition, financial rewards and possibly the adventure.
As "Amelia Earhart, Christopher Columbus, Leonardo da Vinci, and You"... WE CONTROL OUR DESTINY; call the shots, for better or worse, and Take Charge.
An Entrepreneurs Story

Imagine yourself, going to say goodbye to you boss, or your largest competitor.
'Hi Jack, I just dropped in to say goodbye… I'm throwing in the towel, closing up shop. It's just too difficult doing business.'
When you see the subtle glimmer in his eye, trying so hard to convey sympathy, and you know, he is thinking about throwing a party...Yes sir, it is just too difficult running this operation any longer from this environment. I have gone global, working out of my new home here in any town, using my laptop and my cell phone while I travel.
Have you heard that I am teaching others to do what we do, and that I have fewer than four employees, that's including my fifteen-year-old son?
How did my business grow so quickly? I hired an expert marketing consultant that charges $100,000 for one consulting session. - You will still get to see me occasionally in the success journals, or as a speaker at our national convention.
'Have to go now Jack, hope to see you soon"!
Walking away now, a grin of satisfaction emerges from within, while thinking to your's-self… "I forgot to mention that I didn't pay $100,000, and that I merely subscribed to a Marketing Newsletter, and some information reports.
A Marketing Master in a mall.
Entrepreneurs... 'Be All You Can Be'
Have you heard it knocking?
Someone once said that opportunity knocks.
Oh no not a physical knock but in the form of a thought, an idea, a whisper of a recollection…
Sometimes I believe opportunity literally SCREAMS to Do IT Now!
As that idea, thought, or opportunity fades away, becoming dim and distant, the ghost of opportunity past creeps in… Hindsight.
Do it Now… You will be glad you did.
Dave Powell
http://www.SuccessShoppingMall.com
Dave Powell, born in a small town outside Akron, Ohio in 1946... the beginning of "the Baby Boomers"
His career began in 1969 after serving in the Armed Forces.
Serving in the United States Army, with a one-year tour of duty in Viet-Nam, a year and a half in Germany, stateside then OUT.
Achieving success in the life insurance business, before entering into self-employment to date with hypnosis practice part time...
On-Line Venture SuccessShoppingMall.com
Free Enterprise is what made the few free nations out there what they are.
Promoting proven masters of business will help entrepreneurs take a shortcut from the difficult road to INDEPENDANCE.
David Powell
http://www.SuccessShoppingMall.com


Purchase Order Financing For Resellers and Trading Companies
Are you a reseller, importer/exporter or own a trading company? Most resellers make their money by buying products from their suppliers at a favorable price, and then selling them to their customers for a markup. The business model is simple, clean, and above all, profitable. Many companies can easily pull margins of 15% to 30%. And I have even seen companies with margins that are close to 100%.
So the business model is good. But it's also challenging. Why? Well, when you buy from a supplier, they always want immediate payment or payment by letter of credit. Coupled with this is the fact that your customers always want to pay in 30 to 60 days. Many times, this payment timing discrepancy creates major problems.
When this happens, most business owners will run to the bank and try to get a business loan. But business loans are very hard to obtain. Many businesses – especially small and mid sized businesses – will fall flat on their faces when they go to a bank for financing. But there is an alternative.
There is a financing product that will provide you with the funds (or letters of credit) to pay all your suppliers. This enables you to deliver the order and make the sale. And, as opposed to a business loan, it's easy to obtain. This product is called purchase order financing.
Purchase order financing allows you to purchase products from your suppliers, using the financing company's money, and then resell them to a third party. The biggest requirement is that you have non-cancelable purchase orders from solid commercial or government customers.
Purchase order funding can be very helpful if your company is turning away orders because it lacks the financial wherewithal to deliver on them. The transaction is usually very simple. Once you have a purchase order, you call the factoring financing company. They provide you with the letters of credit (or similar instruments) to pay your suppliers. With that in hand, you go ahead and deliver on the order and invoice your client. The transaction is settled once your client pays, usually 30 to 60 days later.
Many times, purchase order funding is combined with invoice factoring (also known as receivable factoring). This allows you to lower your overall cost of financing, making the transaction more profitable for you.

About Commercial Capital LLC
Are you looking for a purchase order financing quote? We can provide you with purchase order financing and invoice factoring services. For more information, call Marco Terry at (866) 730 1922.


How Factoring Your Invoices Can Help Your Business Grow
If you own a business that sells products or services to commercial customers or to the government, you must be familiar with the maxim – hurry up and wait. That is what you always end up doing after delivering your services. You hurry up and wait up to 60 days to get your invoices paid. In the meantime, you still have to cover rent, supplier payments and employee salaries. Hurry up and wait, indeed.
But this is a major challenge if you are a business owner. It slows down your growth, significantly. Why? Well, could you take on a large order and afford to wait months to get paid? Could you afford to buy the supplies, pay the staff, cover rent? This is why this is a major challenge. And in many cases, it can drive you out of business.
And yet, when faced with a financial challenge, what does a business owner do? Most will go to the bank, hoping for a business loan. But business loans are very hard to obtain and not very flexible. Plus, banks give loans based on your business past rather than your future opportunities. Many times, what you need is a financing product that will be focused on your true sales potential. And that product is invoice factoring.
Invoice factoring eliminates the 60-day payment wait, providing you with funds right after you invoice your client. Imagine this. You deliver your product or service to your customer. And then, instead of waiting up to 60 days to get paid, you get paid in 2 days. How quickly could you grow then? How many clients could you take on?
And how does factoring work? Well, it's very simple. Once you have delivered your product, you send an invoice to your client and a copy to the factoring company. The factoring company advances you a substantial portion of your invoice, usually within a day.
The factoring company's advance gives you the breathing room you want and the money you need to pay business expenses and take on new opportunities. This allows you to grow your business. Once your client pays their invoice to the factoring company, the transaction is settled.
Factoring is easy to obtain. The biggest requirement is that you do business with solid credit worthy customers. So, if you need financing and do business with great customers, consider factoring your invoices.
About Commercial Capital LLC
Are you looking for business financing? We can provide you with a factoring, invoice factoring or receivable factoring quote. For more information, call Marco Terry at (866) 730 1922.