Management: July 2008 Archives

Small business loans for new business ventures are not as easy to get as personal loans, because of the failure rate of new businesses.

Small business loans require a lot more paperwork. They require a business plan and will require collateral.

Sometimes it's easier to get a personal loan and use it for your business. From an accounting point of view, the business has borrowed money from you, therefore when the business makes a profit, you repay the loan, and to yourself, and the money is tax free.

When you can get a small business loan, then it's the way to go. If you find you have to go through a lot of red tape, then get a personal loan and use the money in your new business as you see fit.

That's The Way I See It!
Acey Gaspard
A Touch of Business.com

For More on This Topic See:
Small Business Loans and Where You Can Find Them

I believe good business ethics are easy to abide by if there the right ones for you.

Have you heard the term, "it's nothing personal, it's just business"?

I don't like that expression, because to me it means if it wasn't business I could help you out, or things would be different.

Here's my point of view on business ethics: You should run your business the way you run your life. The beliefs should be the same.

When you have business ethics that are different from your personal ethics then you always have to choose and be conscious of what to do.

If you abide by one set of ethics for your personal decisions and your business decisions, it's easier to stay on track. Not to mention, less stress on you.

So you don't need to abide by a personal set of ethics and a business set of ethics.

This whole idea doesn't mean that you shouldn't be making a profit or making business transactions that are at a loss.

It does mean if just because you are in business, it doesn't give you an excuse to harm others and tell them it's only business.

Business can be profitable while sticking to good business ethics.

That's the way I see it!

Acey Gaspard

 

See Also
Business Ethics - 10 To Keep in Mind
www.atouchofbusiness.com/tips/biz/WorkplaceBusinessEthics-0015.html