New Franchisee? How Franchising Lenders Work in Canadian Franchise Finance

Being the ‘ new person ‘ is not always beneficial, especially when it comes to a major life decision such as your new career as a franchisee in Canada. Not knowing about franchise finance or franchising lenders work is definitely a set back – so lets get you ‘ armed and ready ‘ with some solid info on financing your franchise.

First of all, here’s the good news – financing a franchise in Canada is certainly possible – It’s mostly done by a guy named BILL! And we’re not kidding. More about him later.

In fact though, the franchise industry is currently viewed as quite healthy as lenders feel that the concept of proven business models and branding of your franchise are great steps to opening what ultimately is a ‘ start up ‘ business. Clearly we all agree a franchise ‘ start up ‘ is steps ahead of opening up your own business and ‘ taking a chance’.

So, can you get a ‘ standard’ bank loan to complete your franchise finance? We don’t want to be too sarcastic here, but the answer is, yes, if you have a million dollars net worth, pristine credit, and some outside collateral and guarantee ability. So what we are saying, putting that sarcasm aside, is that conventional lending doesn’t really work if you’re a new franchisee seeking an independent business opportunity financing.

So, that brings us to our friend BIll, remember we told you he finances most of the franchises in Canada. Clearly a popular guy, as he finances millions of dollars of franchises. Our clients want to immediately get to know this Bill guy. So, who is Bill?

Actually we have spelled his name wrong, its BIL, because that is the name of the government sponsored loan programme in Canada (in the U.S. it’s called the SBA loan) that funds most franchisees in Canada.

How can one program be so popular? It’s simply because it’s well suited to what you are trying to accomplish. It provides great rates, terms and structures, limited personal guarantees, and requires what we in our firm call a reasonable or decent personal credit history. I.E. You don’t need that million dollar net worth we spoke of earlier?

So how do you achieve franchise finance success with franchising lenders on the BIL loan? Again, pardon our humor, but investigate the Boy Scout motto – Be Prepared!

The essence of approval for your franchisee venture for franchising lenders under a BIL loan is a crisp business plan, a financial projection that makes sense, and various back up documents as required by the program. Naturally you also need assistance in determining who offers this loan program, how it can be sometime augmented with other financing, and it sure helps if you present it professionally and properly.

So, we always try to have a bottom line, and in this cases its pretty simple – investigate the BIL program, do your homework, identify key requirements, and, if you are challenged by any of the above seek a trusted, credible, and experienced Canadian business financing advisor who can help you achieve franchisee franchise finance success with the right franchising lenders for your BIL. And, by the way, congratulations on your new role as a Canadian entrepreneur!

Can Forex Robots Help Your Earn Money With the Foreign Exchange?

Foreign exchange, sometimes referred to as Forex trading or FX, is a complex trading market for foreign currencies. As the world’s currencies are traded against each other, their exchange values raise and lower at different rates. Forex trading occurs 24 hours a day every day, and the rates change continually. All foreign currency exchanges are done via banks and other financial institutions, each with slightly varying rates from the others.

Once you understand Forex, it is easy to see that it is one of the world’s largest and most flexible markets in the world, which grows on a daily basis. The transactions take place globally, with minimal regulation between countries.

You must monitor a variety of constantly changing details in order to make money in this complicated market. If he fails to notice an essential fact, he could suffer incredible financial loss, from which he may not recover. The complexities involved are causing an increase in the number of traders using automated software, or Forex robots. This market requires unwavering attention to the details and beneficial data accumulation, so that trades can be made on facts instead of guesses.

Forex robots can reduce and sometimes even prevent the errors caused by human analysis. The robot can give a trader all the data he or she needs, which reduces the stress associated with working in the foreign exchange market. These machines monitor the marketplace even when their users are not working, using logic to decide whether to buy or sell.

Forex automation has been heavily promoted recently. It is very difficult to determine which computer program, out of the multitude of programs currently promising excellent results, is going to be the most effective. Can the work involved in this complex market really be automated?

It is true that Forex robots provide the trader with many advantages while managing their accounts. However, they don’t have one very important quality – human instinct. Seasoned traders know that things are not always as they appear, and sometimes you must take a risk.

Therefore, although Forex robots can help gather data and compile statistics, they can only serve as a tool for trading and cannot replace traders.

How to Pay for Your MBA Degree

Education is expensive, and earning the MBA degree can be particularly expensive. Not only must you pay for tuition, books, and living expenses while at school, you must also forego the salary you could be earning using the undergraduate degree you already have. This article explores some of the ways that may help you to overcome the financial aspects of earning the MBA degree.

With the cost of MBA programs ranging from a low of about $50,000 to a high of over $100,000, many potential students may be asking themselves if the financial sacrifice is warranted. Some studies have claimed the earning the MBA degree has financial value only if it is earned from a top-tier university, and from any other school it results in a financial loss. It is therefore worthwhile, before we get into methods of financing the degree, to look at its monetary value.

Recent statistics on the starting salaries of graduates for four undergraduate fields that pay well can be compared with starting salaries of MBA graduates. The numbers are interesting:

* BS in Business – starting salary, $41,400; mid-career earnings, $70,600
* BS in Accounting – starting salary $46,500; mid-career earnings, $77,500
* BS in Paralegal – starting salary $50,000; mid-career $75,700
* BS in Nursing – starting salary, $52,700; mid-career $68,700

A recent Wall Street Journal article described a study of starting salaries for 2010 MBA graduates in the US. Their median starting salary was slightly more than $79,000, not including a sign-up bonus with a median of about $13,000. The median is the middle value. That means that half of the graduates earned less the $79,000 and half earned more. We know that graduates from some of the top MBA programs in the US easily receive salary offers of $100,000 and more. You can see that starting salaries of MBA graduates easily exceed mid-career salaries of undergraduates of the most lucrative fields. We can assume, therefore, that the MBA degree is worth attaining. The question then is “How do I pay for it?” Here are some approaches.

Most MBA programs accept students who have an undergraduate degree in any field and have worked in meaningful jobs for two to four years after graduating. People contemplating the MBA in their future should make every attempt to save as much as possible during the years gaining work experience that MBA programs desire. Personal savings are an important part of financing your MBA education.

Another vehicle is the job itself. Many companies encourage their employees to gain further education and support this by providing all or part of the cost. If you work for a company that helps to pay the tuition or other costs of an MBA program, taking advantage of such help is wise. Often such financial support requires that you continue working for the same employer after attaining the degree, at least for a specified time period. Financial help from the employer typically means participating in a local or distance learning part-time MBA program.

Part-time study can also be financed by continuing to work as a means of paying for the education. This often causes the degree to stretch over a longer period of time. It is not surprising that so many schools offer part-time MBA evening programs. They are filled with students with full-time day jobs, whether or not the employer provides any financial support.

For students wanting full-time study, an obvious source of financial aid is a scholarship or an assistantship. Many MBA programs offer financial aid to qualified students, usually based on merit, in the form of reduced tuition of assistantship requiring the student to perform some work while studying. The work may consist of assisting a professor with research or clerical tasks. An assistantship can in itself constitute an important part of the educational process.

A last resort of financing consists of debt. Many students depend on loans from family members, family businesses, private sources, government loans or student loans from lenders arranged by the educational institution. The assumption is that the MBA will lead to a well-paying job which will make it possible to repay the loans.

A final source of education funding which will soon be available in the United States is a Kyrano auction. A Kyrano auction is unlike any other auction in that the price of the product being auctioned decreases with each bid. Another unique aspect of Kyrano auctions is that they are available to provide discounts on college tuition, student loans, credit card debt, and similar financial obligations. In the case of tuition, students pay a fee to enroll in the auction, with the fees creating a discount. When bidding starts, every bid increases the discount, in effect providing the winner a reduction of the next tuition payment. The winner’s discount is paid directly to the student’s school, with the student required to make up the remaining balance. More on Kyrano auctions will be available in future articles.

Forex Trading – Market Maker or ECN Broker

In  forex  trading there are two types of brokers. The market maker type of

broker and the ECN broker. Lets cover these individually.

Market Maker Broker:

Market maker brokers is a firm authorized to create and maintain a market in an instrument. They are

usually a brokerage firm or a bank who quotes both a buy and a sell price in a

financial instrument or commodity, hoping to make a profit on the turn or the

bid/offer spread. Market makers are very important for maintaining liquidity and

efficiency for the particular finanacial instrument, as they make markets by

taking a short or long position for a time, thus assuming some risk, in return

for hopefully making a small profit on the bid/ask/offer spread.

This type of broker usually takes the other side of the trade and usually widen the spread at times

especially in volatile times. These type of brokers usually advertise that they

charge no commission on trades but in fact make their commission on the spread

between the bid/ask ie 3-4 pips depending on the currency.

Although some of these brokers offering the  market  maker  forex  trading platform have wide spreads, some offer more narrower spreads as well as offer benefits such as extensive trading

resources, free trading platforms, news etc.

ECN Broker:

On the other side of the industry there are brokers that are ECN brokers. What

is ECN? ECN stands for Electronic Communications Network. These ECN brokers do

not have a dealing desk but offer a computerised market place consisting of

multiple market makers, banks. Traders can enter competing bids and offers into

the trading platform either inside and outside the spread thereby offering

better spreads, more liquidity. By trading through an ECN a currency trader

generally gets a better price than trading with a market maker. Therefore a

 forex  order is routed to the best bid/ask offer. The spreads are usually quite

small 0.5-2 pips. These type of brokers usually charge a small commission fee.

This small commission fee is how the ECN broker makes their commission, they

don’t take the other side of the order as the market maker does. They only match

and route your offer to the best bid/ask order in the electronic market place.

You become the  market  maker in using a ECN  Forex  broker. Place your order inside the spread or out and see if your order is taken up by one of the liquidity providers.

A Currency Training Course Designed So You Can Quickly Make Big Money is Forex Trading Made E Z

If you looking for a way to enter the FX markets and start making money right off the bat, then nothing will do it faster for you than Forex Trading Made E Z. There is nothing like it, no other currency trading course or Forex Trading System can get you up to speed making big money quicker than this program.

In fact, there is nothing easier to learn or simpler to trade with than what is taught in this class. If it sounds like I am a cheerleader for this class, then you are more than correct and I don’t mind saying so myself. There is a reason why, it works and working in the currency markets means it makes big money and Forex Trading Made E Z has been making big money for me and thousands of other former students for years now.

This trading technique is so simple I could teach a ten year old kid how to do and become a millionaire in a year using it. In fact, maybe I ought to do that and be put on TV and the major newspapers world wide to publicize this class. If your new to the markets this is the prefect course to get you feet wet with and start making money. It will give you confidence you really can make good money trading Forex and in time allow you to expand your horizons.

The technique you use when doing this method of trading is called “Forex Scalping.” This is a fancy way of saying; you are going to try and get in and out of the market very quickly and make a nice return on your investment. It is a very low risk method of trading, since you are not supposed to hold a currency over night when you’re not at your computer and be able to react to some bad news coming in about the currency you presently own.

It only takes five minutes to do research on a currency training course today if you use the internet. And if you look up Forex Trading Made E Z I am sure you won’t be wasting your time. In fact, I am so confident in this program I tell everybody I know about it, including my family and friends. Why shouldn’t I, it has made great money for me over the years and could do the same for you if you give it a chance.