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Analysis Of Financial Problems In Early Stage Of Entrepreneurship

2009/4/21 16:37:00 42067

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In entrepreneurship, money can never be avoided.

Entrepreneurs are always faced with various financial problems at the beginning of their business. Some problems can be solved easily. Some of them will be at a loss as to what to do.

Next, I will give some answers to some common financial problems encountered by entrepreneurs at the beginning of their business.

Question 1: how to get bank loans in a small business?

Answer: at present, there are mainly three ways for entrepreneurs to borrow from banks:

Venture loan: Entrepreneurial loan refers to a special loan issued by an individual who has certain production and management ability or has already engaged in production and operation activities, and applies for capital requirement because of entrepreneurship or re start business.

Eligible borrowers can get a maximum loan of 500 thousand yuan according to their personal resources and repayment ability. They can also apply for a higher loan amount to a certain scale or reemployment star.

The duration of business loans is usually 1 years, and the longest is not more than 3 years. In order to support laid-off workers to start businesses, some banks float down interest rates on venture loans, and the joint venture launched by many regional governments and banking departments can enjoy 60% government discount.

Mortgage loan: mortgage loan refers to the loan issued by the borrower or third party's property as collateral under the mortgage law stipulated in the guaranty law.

When handling mortgages, the bank should keep the relevant property rights certificate of the mortgaged property, especially for housing mortgage and auto loan. You can use the car to drive the house, but strictly speaking, the property right has been mortgaged to the bank, and you only have the right to use it.

The amount of mortgage loans generally does not exceed 70% of the collateral valuation price, and the maximum loan limit is 300 thousand yuan.

If you need to purchase a commercial house along the street, you can apply for a mortgage loan from a commercial bank, and the loan amount will not exceed 60% of the estimated value of the commercial housing, and the loan term will not exceed 10 years. If you want to buy cars, trucks, buses, engineering vehicles and taxi operations, you can apply for auto loans. This loan generally does not exceed 80% of the purchase cost, and the loan period is not more than 5 years.

Deposit certificates and treasury bonds pledge loans: the starting point of the deposit loan is generally 5000 yuan, and each loan does not exceed 80% of the face value of the pledge. Under normal circumstances, loans can be obtained on the day of the bank outlets.

In addition, in recent years, banks in order to improve the efficiency of marketing loans, taking into account the risk of loans at the same time, the loan pledge requirements continue to relax, in addition to this deposit certificate pledge loan, with Treasury, insurance company policy, personal credit and other credit resources can also easily get personal loans that can be used for business.

The national debt has won the favor of residents because of the advantages of high interest rate and exemption from interest tax. In order to facilitate the holders of treasury bonds, the people's Bank of China and the Ministry of Finance promulgated the "certificate type treasury bonds pledge loan". According to the regulations, the Treasury bonds issued by the Ministry of Finance after 1999, and the bonds sold by the bank in the form of "People's Republic of China certificate treasury bonds collection voucher", can be used at the designated outlets of commercial banks to handle bond loans.

The starting point of treasury bond loan is 5000 yuan, and each loan does not exceed 90% of the value of the Treasury bonds. The longest loan period generally does not exceed the maturity date of the certificate bond. If we use multiple certificates of treasury bonds with different maturities, we will determine the loan period from the nearest person.

In addition, if you get written consent from relatives and friends, and at the same time produce valid identity documents of yourself and friends and relatives, you can also use collateral bonds of relatives and friends to handle mortgage loans.

We need to remind you that no matter what kind of loan you handle, you should repay the principal and interest according to the requirements of the contract. If the bank fails to repay the loan on time, the bank will pay a certain amount of late fee, and will take the measures of withholding mortgage, pledge and investigating the responsibility of the guarantor according to the circumstances.

Question two: what should I pay attention to when dealing with banks?

Answer: because banks will not lend you money at random, so before they apply for financing, entrepreneurs should first examine their financial structure and measure their credit records and loan conditions so as to grasp the tricks of borrowing money.

There are several basic skills to deal with banks.

Understand the business characteristics of the bank: some banks are big customers, some specialize in small and medium-sized businesses. According to the characteristics of banks, they can choose more and more concessions and convenience.

More use of bank services: before lending, you can interact with the selected banks and make use of the new business of banks.

Even paying for utilities, telephone and other miscellaneous expenses will help to create tangible achievements.

Read the loan details: before the loan, you can first obtain the blank application form from the bank, read it in detail, understand in advance, and prepare the relevant documents as soon as possible.

The goods are not worth losing compared with the three families. If we compare several banks, perhaps under the pressure of business competition, we can get more favourable conditions or reasonably adjust the interest rate within a reasonable scope.

A sense of security for banks: to make banks feel secure when they are in contact with banks, we must fully understand the financial market situation, show professional knowledge, and clearly inform the purpose of borrowing so as to obtain the trust of banks.

Question three: how to do a good job of operating capital control?

Answer: "working capital" Gu Ming Si Yi is the capital needed for the operation of the company.

But how do we control it? Some people say that "increase revenue and reduce expenditure" can not be achieved! But why open source? How many sources do we need to open? Why should we save money? How much money do we need to spend?

Just imagine that if we go shopping on the street, we don't know how much money we have in the pocket. If we go crazy shopping, we can not afford to pay for it.

We understand that the best way to make use of working capital is wastage or efficiency is to implement budgetary system. Of course, setting limits on every expenditure and setting targets for each income item is a basic method of budget making, but it is not the ultimate goal of the whole budget system.

The ultimate goal of the budget system is to control, reflect and adjust the figures we have proposed.

It is only through continuous control and correction that we can thoroughly examine the causes of errors and make adjustments so as to truly achieve the performance of working capital control.

In addition, how to find and use the forms that you can get started is a very important skill and tool for working capital control.

Question four: how to avoid bad debts?

Answer: when we are in a recession, we are most afraid of being maligned. All of us are doing small businesses. The profit is rather thin. If we encounter any bad debts again, it will be worse than ever. In order to reduce losses, we must ensure the work of creditor's rights. We usually use the "accounts receivable detailed list" to record account pactions with customers, and another "account analysis table" helps to understand the quality of customers' payments, the habit of payment, and to evaluate management.

In the course of dealings, if the boss of the other side often does not work, the staff will ask three questions again, and the cadres will have to switch jobs, there will be bad habits in the industry, the products will be sold at a low price, the responsible person will not work properly, and they will be especially careful when they hear that someone is being defaulted.

Question five: how should small companies carry out financial control so that they can keep working capital as far as possible?

Answer: small companies should make good financial control and keep cash stock advantage. It is best to do the following seven things: do not pay cash easily and quickly, and try to increase the speed of delivery, such as

Only in this way can we speed up the collection speed; we should carefully consider the way of financial expenditure, we can not rent it, pay attention to the level of mobile cash, reduce inventories, reduce the backlog cost of capital, understand the credit of customers, keep a close watch on possible pactions and respond to them sooner or later; aim at the higher accounts receivable of customers and strictly control them; try to control the level and payment method of salaries, and make good use of bonus and bonus system, so as to bring higher revenue for enterprises.

Editor in chief: Du Jun