5 Smart Purchases Every Small-Business Owner Should Make

Every business is unique in its own way. Yet, every small business shares common goals and needs. What works for one company might not work for another, but at the end of the day, small businesses are all trying to reach the same heights. With that in mind, let’s take a look at five savvy purchases that can help your small business get off the ground –– no matter what industry you’re in:

Phone System

Whether you opt for a traditional landline, or a more sophisticated VoIP model, it’s essential that your business has a phone number at your brick and mortar. No matter how significant a company’s online presence is, every business still needs a physical phone number where your customers can reach you. It might sound odd, but serious business still takes place over the phone.

Energy-Saving Light Bulbs

There are plenty of cost-efficient light bulbs available on the market, but finding light bulbs that conserve energy as well is as good for the environment as it is for your company. This is a purchase you can feel good about on more than one level!

Smart TV

Trust us, this is a fantastic buy for your new office. In addition to acting as an ever-changing piece of artwork when in screensaver mode, having a smart TV that can connect wirelessly to your monitor or laptop is a fantastic way to run a presentation. And your employees will appreciate the ease and convenience of using one.


Establishing a physical location is great –– but it won’t do you a lick of good unless your customers can see what you do. That’s why it’s necessary to invest in an engaging sign to catch your potential customer’s eye. Without one, you’ll remain anonymous.

Vending Machine

If your business requires customers to linger in a lobby or waiting room for a while, make sure to stock that place with amenities to improve the customer experience. A vending machine is a fantastic way to do that. And even if you don’t deal with customers in person regularly, buying a vending machine for your office is a sure-fire way to raise morale and impress your employees.


When starting a new business, it’s normal to be concerned about how much capital your spending. You might be wondering if you’ve got the money to cover it out of pocket, or asking yourself how hard is it to get a small business loan; rest assured, these are perfectly natural and cogent concerns. However, at the end of the day, you need to invest in yourself to be successful. And if you believe in yourself and your small business –– with a little luck and plenty of elbow grease –– you can achieve your goals.


How to Choose a Forex Broker

Forex trading can be challenging, even to the most experienced traders. It is, therefore, important to ensure that you have the necessary determination and emotional muscles to deal with the possible frustrations of trading. If you have already made up your mind that forex trading is the right direction for you, then the next step is finding the best forex broker to work with. This step is crucial if you are to successfully avoid fraudsters who have a lot of experience stealing from unsuspecting beginners in forex trading.

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There are certain factors that ought to influence your decision. These include:

Security of Your Money

Go for a forex broker who values your money enough to keep it secure. Many forex traders have opened forex accounts only for their deposits to disappear overnight. Some forex brokers steal the depositor’s money, others misappropriate it.  It may take you a long time to bring these shameless crooks to justice, if you succeed at all. Use a forex broker with a track record of safety and reliability. Ensure the broker is fully regulated by the government agencies of the country in which the broker operates.

Initial Deposit

While there is a temptation to put your money in the hands of a broker who requires a low initial deposit amount, some of them may not necessarily be the best for a novice trader. Although you should risk small amounts of money at the beginning of your learning curve in forex trading, there is considerable merit in choosing the best forex broker even when the initial deposits they ask is relatively higher than others in the market. You should be guided by the quality of service you are likely to receive rather than the size of the initial deposit the broker requires to get you set up and ready to trade.


Forex brokers make money using spreads. By widening a spread, a broker makes more, regardless of whether you make money or lose money in a particular trade. Consequently, it makes perfect sense to look for a forex broker offering competitive spreads relative to other brokers. For instance, it is a bad idea to work with a forex broker that has a spread over three when dealing with the EUR/USD pair.


Many new forex traders are frustrated after working hard to make money in the trade only to find that they cannot withdraw their money from their accounts from their broker’s trading platforms. Withdrawing your money should be relatively easy to do, with clear instructions on how to do it. Additionally, your broker should allow you to terminate your account if, for whatever reason, you are dissatisfied with their services. Unreasonable delays are unacceptable.

Customer Service

Now and then, forex trading software fails. It is comforting to know that in those moments, there is a number you can call or someone you can speak to that can give you some reassurance as the technical issues are resolved. Additionally, you may experience certain challenges when depositing or withdrawing your money. The forex broker should have its customer service staff ready to help you through these processes and address your concerns.

Take your time to assess each forex broker and the promises they make. Read reviews online and talk to people who’ve worked with them before. This process may take you a while, but it may save you a great deal of pain sometime down the line.


How to Get a Commercial Mortgage with Bad Credit

Having bad credit does not mean you cannot secure a commercial mortgage, whether you are going to buy a new home or need to refinance your existing mortgage. This great blog shows that it is possible for people to get commercial mortgages despite bad credit.

Here are a few tips on how to get a mortgage with bad credit. At least a few of these tips will be applicable to every person, though not all of this advice may be possible for everyone with bad credit.

Save Up Longer

When you’re applying for a loan on commercial property or residential, your creditworthiness improves along with the size of your down payment. If you pay 20% down, you’ll pay less (or no) mortgage insurance. If you have bad credit, you may be able to get the mortgage if you put 30% down on the property.

Rely on a Guarantor

If you want to improve your chances of getting approved, one of the best approach is to sweeten the deal for lenders by getting a guarantor. A guarantor is essentially a backstop for the lender; if you cannot pay your mortgage, the other person is legally obligated to do so.

Consider What You Can Really Afford

Before you go shopping for a mortgage, run the numbers as to what you can really afford. Remember that when you buy a property, you’ll build equity with each payment, but you have to pay the utilities, taxes, insurance and upkeep yourself, too. This makes commercial real estate ownership more expensive than renting for most people.

Run the numbers to see what you can afford to pay per month, and then look for lots you can afford instead of stretching yourself. Lenders may give you a better break on the mortgage rate if you’re not taking as big of a risk.

Shop Around

If you’ve cleaned up your credit and have your finances in order, you should shop around for a mortgage. Compare the rates on different websites and lending stands with different organisations. If you don’t know how to do this, use a commercial mortgage broker to find the best deal for you, given your situation.

Not all mortgage lenders use the same criteria to approve people, so one may offer you a subprime mortgage while another would only charge a slightly higher interest rate. When you’re shopping for a mortgage, remember that administrative fees and other charges will be part of the mortgage. Be careful not to get the loan with the cheapest monthly payment, since this might be a variable rate loan that will only go up in the future, or a very long-term loan that will cost more over the life of the loan than a standard 15 or 30 year mortgage.

There are also alternatives if you’re looking for a commercial mortgage with a reasonable rate even if you have less than stellar credit. Make sure you look at all the options available and don’t be afraid to shop around, since not all lenders will classify you as a bad credit risk.

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