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Straightforward Information About Vendor Finance

Many people out there want to start their own business, but the start up costs hold them back. Many banks and other lending institutions have tightened the reigns in today’s economy. As a result they are less likely to take a risk and help you with the funding for such ventures. A possible solution though is the concept of vendor financing. Learning what it is and how it can help you will give you the information you need to decide if it is worth pursuing further or not.

Even with great credit, many traditional lenders turn away hundreds of applications for loans every month. That can be frustrating and you may be tired of being denied. You may have put plenty of time and effort into your business plan and still you aren’t able to get results. With vendor financing though they are willing to look at what you can do instead of what you can’t do with a new business.

Vendor financing allows you to get the funds you need to start up your business from the provider of the supplier. For example if you want to start a vending machine business they can offer you financing for the soda machines, snack machines, or a combination of them. They may even be able to help you with securing great locations for placing them. With vendor finance you will agree to pay monthly payments for the equipment and supplies.

The number of payments and the dollar amount of them will depend on what you are purchasing. Most of the time you will get decent payments and interest rates with vendor financing. It is a good idea to compare the offers you can get from different companies before you decide to work with one of them. That way you can be sure you get the most value for the money you will spend.

With vendor finance options, you often have the ability to get 100% of what you need financed. This is very different from small business loans where you will have to have a large amount of it on your own to offer upfront. The difference means you can start moving forward with your ideas for a business now instead of waiting several years to save up enough to get your portion of it ready.

There are vendor financing options offered for many different locations in the world. They include the United States, Canada, Asia, Australia, Europe, and New Zealand. More opportunities seem to be added all the time too. Find out what your options are for vendor finance depending on where you reside. Chances are there is more to the big picture than you are currently aware of right now.

You will find plenty of types of businesses out there that can benefit from vendor financing options. They include healthcare, construction, offices, printing companies, food sales, transportation, and more. If you have an interest in taking part in such a business, then this method of financing may be exactly what you need. The lenders will look at many aspects of what you have to offer when considering your request. They have more flexibility too than traditional lenders.

Now that you have the basic information about vendor finance, you may have decided it is something for you to pursue. Take your time to find the right type of business to take part in. Carefully evaluate all of the options available to you. While there are many legitimate vendor finance programs, not all of them are. You definitely don’t want to find yourself involved in a situation where you have been taken advantage of.

5 Driving Factors of the Forex Trading Industry

The forex market is the biggest market in the world. It attracts trillions of dollars on a daily basis from banks, corporations, hedge funds and individual investors. It operates 24 hours a day, 7 days a week and that begins in New Zealand to Sydney, Australia; Tokyo, London and New York.

Trading forex is exciting but this is not everyone’s cup of tea. Experts say that the money used in trading must be considered as risk capital, or you can think of it as your tuition fee in this kind of trading business.

To educate yourself on the ins and outs of the market, there are five factors that you must understand that affect the value of a currency. These factors are interest rates; economic growth; geo-politics; trade and capital flows; and merger and acquisition activity.

Each world currency has an attached interest rate set by its central bank. So to profit from interest rates, you need to buy currencies from countries with high-interest rates and finance these purchases with currency from countries with low-interest rates. Economic growth is predicting a country’s currency movement as its economy grows. Economic growth inspires high interest rates which in turn gets more foreign investments that lead to high currency demand.

The forex market is the only market that can be traded on political and economic news. This refers to the geo-politics factor. Trade flow refers to the income of a country generated through trade while capital flow is how much investment a country attracts from abroad.

Knowing how to predict the interplay of these five key factors will help you with your market forecast. These five factors are the forces that drive prices in the forex market.

Profit rise for JB Hi-Fi

Electronics retailer JB Hi-Fi has lifted its first half profit by three per cent and expects full year profit to grow by up to seven per cent.

The company made a net profit of $82 million in the six months to December 31, up from $79.6 million in the same period on the previous year.

Total sales grew by 2.3 per cent from the previous corresponding period, due to growth in the company’s number of stores.

On a comparable store basis, sales were down 3.5 per cent from the previous corresponding period.

Chief executive Terry Smart on Monday said calendar 2013 had got off to a positive start, with comparable store sales up 4.2 per cent from the previous January.

He has forecast a full year net profit in a range of $108 million to $112 million, up from the previous year’s $104.6 million.

Mr Smart said sales of televisions remained a drag on electronics retail.

“Whilst we continue to see total sales growth, the visual (TV) category, in particular, negatively impacted comparative store growth,” he said in a statement.

“The industry has seen TV sales decline over the past few years as the category moves towards a more typical replacement driven sales market.

“The JB brand, however, continued to attract customers with our market share growing solidly.”

JB Hi-Fi opened 11 new stores in the six months to December, and expects to open another four in the second half of this financial year.

It had 176 stores in Australia and New Zealand as of December 31, and plans to have 214 stores in several years time.

Online sales in the six months to December grew by 40 per cent from the previous corresponding period, but at $37.2 million represent just two per cent of its total sales of $1.8 billion.

The company declared a fully-franked interim dividend of 50 cents per share, up from 49 cents at the same time in the previous year.