About Chauncey Garduno

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When is the right time to take out a business loan?

Posted by Chauncey Garduno on April 29, 2019 in Perth News |

Just about everyone has heard the expression “You need money to make money.” That’s almost always true when it comes to business – you need to spend money in order to run your business. But unfortunately, not all aspiring businessmen have the resources to sustain their dream business’ financial needs.

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Business loan

If you want to become an entrepreneur but you’re not independently wealthy or established, a business loan is the answer to your needs. Business loan is extremely popular among business owners. Almost every entrepreneur at some point has to consider a loan regardless of the business’ size.

A business loan can help your business to get started, expand once it’s on its way and growing, or get a business through the challenging times that happen occasionally.

During tough spots of your business, a business loan can be beneficial. A business loan can help you settle your financial problem without diluting your business’ equity. Many business owners decide to sell their equity to raise cash. Well it may allow them not having incurring interest or not having to make repayments, but it will dilute your ownership of the company and hence the share of profits you enjoy. This will not happen when you just make business loan.

Accelerating growth is also one major advantage of this type of loan. Even the best performing businesses can hit a sudden cash flow blip. And if you don’t have appropriate business finance options in place, then these crises can prove terminal. Ironically, these problems can be most serious when your company is enjoying significant growth, as taking on new customers means paying for people and raw materials in advance of getting paid.

However, business loans also bring disadvantages so it is very importantly that you think through it first before getting one. Is business loan right for you? When is the right time?

Read this article to answer your questions: https://www.flyingsolo.com.au/finance/when-is-the-right-time-to-take-a-loan

Dig yourself out of financial strife when debt gets debilitating

Posted by Chauncey Garduno on March 29, 2019 in Perth News |

Debt can cause a lot of negative effects to a person – it can keep you awake at night thinking, keep you wondering what bill to pay first when you check your emails, or even made you consider going to a payday home lender just to get through until next week. Many believe that money […]

What to do when faced with bad debt

Posted by Chauncey Garduno on March 11, 2019 in Perth News |

More than half of Western Australians more than they earn each month and use credit to bridge the gap. So it’s easy to see how so many people are struggling with debt. However, people are forced to confront their circumstances head on due to disasters like a sudden job loss, an unexpected and costly home […]

Understand the financial traps before consolidating your debts

Posted by Chauncey Garduno on January 16, 2019 in Perth News |

There are numerous ways to find yourself in debt. You might borrow money from credit unions or get loans to fund your children’s education, buy a house or car using loans, or go overboard in credit card spending. The amount you owe might be intimidating, but a solid debt management plan can help you budget […]

5 social media trends you can expect in 2019

Posted by Chauncey Garduno on December 27, 2018 in Perth News |

As a small business owner, you probably have already been taking advantage of social media and the benefits it brings to marketing and advertising. However, what every small business owner should know is the fact that social media marketing is constantly changing and not coping up with such changes can give terrible results. The world […]

Tougher safety laws for WA workplaces

Posted by Chauncey Garduno on October 19, 2018 in Perth News |

Workplace safety is extremely important. Every manager or business owner should know the importance of workplace safety whether you are a small business or a large corporation. You should know that it is one of your major responsibilities to your employees. Every employee in any industry desires to work in a safe and protected atmosphere. […]

Treating cancer differently

Posted by Chauncey Garduno on June 26, 2018 in Perth News |

Many of us battle against cancer. It is one of the most feared diseases amongst many Australians as it is one of the leading causes of deaths in the country. It is not just a myth or misconception that cancer is a terrible disease, however common ideas and myths we believe about how cancer starts […]

Home-based business

Posted by Chauncey Garduno on January 30, 2017 in Perth Business Fundamentals |

The benefits of starting your own business outweigh the time, effort and money invested in setting up a viable home business. For the long term, the overhead costs for starting a business in your home are very low. The government provides several tax incentives for individuals who have businesses set up in their home. Apart […]

7 Steps To Selling Your Small Business

Posted by Chauncey Garduno on September 30, 2016 in Perth Business Fundamentals |

There are a number of reasons why an entrepreneur sells his business. It is either he is no longer happy managing his organisation, or he is looking for a better life opportunity for himself. But whatever your purposes are, you should always want to make sure that you are absolutely right with your decision. Are […]

How to Hire Your First Employees

Posted by Chauncey Garduno on April 21, 2016 in Perth Business Fundamentals |

Starting a new business is probably one of the most exciting events that could ever happen to someone’s life. However, this task is also very difficult task as it involves in accomplishing various necessities for the setting up of a business. It could also bring a lot of pressure especially for those who started their […]