Monthly Archives: February 2013

Top 8 Ladies Bags and How Is It Use

latest fashion bags 2013

Fashion Bags are ladies best friend.

Ever wonder why we ladies have a number of bags in our closets? It is because it’s essential for us. Yes, you heard me right. 🙂 Next to shoes and dresses, fashion bags are on top to our best friends. And when we chat about bags latest fashion, we do not only mean one piece of gear. We say bags for different occasion and usage especially for 2013 events.

Fashion Bags in general could be of any kind as long as it complements our daily attire and style. We normally carry a bag of the same hue that enhances our dress or simply give a touch of matching with our shoes.  Having said that, I know there are a lot of men raising their eyebrows from what they have heard.  I could help you understand your wife, girlfriend, partner and your daughter as well why we keep more than one piece of bag.  There’s more to it by just being fashionable.

Hear me out gentlemen. 🙂

Tote Bags

Tote bags are usually worn and used during our market days hence this kind of bag can carry a lot of stuff from grocery items to several stuff. Today, most of the supermarket and grocery sell re-usable tote bags in contribution to “Save the Earth” using green bags instead of using plastic shopping bags. We’re into green guys! 🙂

Hobo Bags

Hobo bag is called that way because it resembles the shape of the brindle on a stick that hobos are portrayed as carrying over their shoulder in drawings and cartoons. Hobo bags are very useful hence it can carry a lot of things from our make-up, perfumes, and other ladies need. Being carried like a standard shoulder bag and it is normally made from soft leather materials which can be sized in assortment.

Clutch Bags

Small and petite in size but can be very chic. Clutch is small enough to grip. Here we put our hankies, paper towels, keys, cosmetics, a hairbrush, mobile phone etc. Clutch bags are our basic needs during party and formal event.

Satchel Bags

This kind of bag commonly has a strap in the middle of the cover bag to secure the bags for not easily be open. A double secured lock to ensure safety of the things we put inside. Years ago, it is used only by students since they carry a lot of school paraphernalia.  But later it has evolved into a fashion icon as well.  Satchel bags can be made from various leather type, canvass and strong fabric of different prints and tones.

Baguette Bags

This bag has the same function as wallet only it has a strap equally looking like clutch, only it has a strap to facilitate the consumers. It is normally rectangular in shape, flat and narrow resembling a French loaf called baguette. Baguette bags are usually leather and synthetic leather made.

Messenger Bags

This is similar to what postman use to carry letters. To date, it is widely used as carrier not only to postman but to people who gets to carry paper works and various office documents at home. This is another must-have to mothers who like to travel together with her child/children.

Kelly Bags

Now sprouting over the market is the Kelly bag. Its’ basic feature is like a suitcase normally leather of good quality. Kelly bag is a creation of HERMES; the renowned manufacturer of high-end hand bags and was named after Grace Kelly, a famous actress during 50’s. This bag can be useful in carrying laptop. Simple in form but has a classy touch.

Pouches

Pouches are round in shape which is generally made of fabric. This is used to store small pieces like lipstick, face powder and some coins. Other designs it with laces, patches and different embellishments.

Now that you are aware that all our bags has its purpose, most of you guys will no longer question us why we cling to those bags in our closet.

And in case you wanted to surprise your wife, partners and girlfriend with a gift on your anniversary? Buy one! These well-loved bags can be bought from department stores and designer’s boutique. There are also various site selling authentic bags of different designers to choose from. It is a known fact however that designer bags are quite expensive thus buying such can be considered as investment.  But who cares, right? Pampering your lovey can be rewarding at times!

Happy Shopping!

What is Lent?

Lent is typically a special time of prayer, penance, sacrifice and good works when preparing of this celebration of Easter. On your yearn to renew the liturgical practices or perhaps along with the Church, The Constitution within the Sacred Liturgy of Vatican Council II stated, The two elements which are usually especially manifestation of Lent — the recalling of baptism or perhaps the preparation for this, and penance — must be given greater emphasis from the liturgy as well as in liturgical catechesis.
It is actually by way of them which the Church prepares the faithful for that celebration of Easter, as they definitely hear God’s word on a regular basis and devote added time to prayer. The idea of Lent was based on the Anglo-Saxon words lencten, meaning “Spring,” and lenctentid,which accurately means but not just “Springtide” as well as was the expression for “March,” the month wherein the largest part of Lent falls.

15th Way To Get Business Funding

how do i get fund for my business

Just the other day I have received great feedback from our reader regarding “14 ways to get fund for your business”.

The readers response are really awesome and because of that I have tried to look into another business funding consideration.  And just thought that many people have forgotten to consider what is already within their reach.

If you know what is this, then thank yourself.  But some people still need to be reminded and so I am reminding them now.

The truth is when trying to look for a fund for business, you should first and foremost consider to use your own savings and this has been mentioned in “14 ways to get fund for your business”.  While trying to be more resourceful, consider to Sell your Idle properties.

Many of us wanted to have as much as we can.  And while doing so, many people are unaware that they have more than what they need and those things bought beyond they really need becomes idle.  Any item that we buy of course has corresponding monetary value and buying things that we do not really need puts our money in a state that it will render useless.

Some important tips in keeping or acquiring something:

Material Things

You have to acknowledge the fact that most material things such as mobile phone, sports equipment, cars, clothing, etc all depreciates and at the end it will become valueless after sometime.

Buy Something which Value Appreciates

In buying things, you have to think smart that its not just for your own satisfaction but as an investment vehicle.  Buy a car when you intend to resell it at a higher price – only if you believe that you are getting it a very low price compared than the actual market value.  Buy a real estate for investment purposes when you truly believe that the area has a great potential to increase its price soon.  Buy jewelries for fashion and investment but wear it only when you are in a secure place.

Invest on buying precious metals like Platinum, Gold and Silver.  All of these items appreciates its value much faster than other common metals.

So here is the bottom line:  If your are in need of fund, unless its an income generating property that has good investment return, sell your idle belongings while it has good monetary value.

 

14 Ways to Get Fund for your Business

how do i get funding for business

Do you have any plan to open a new business?  Or maybe you would like to raise additional fund for your existing business?  Are you having second thoughts where to get the fund that you need?

Whether your need is for an expansion or just trying to save the day, here are some options you can look into in its proper order of priority:

Your own savings

Save from your own money and use it to fund your business.  When you are looking into starting your own business, it is highly advisable that you start with saving enough money to fund your business. There is nothing wrong if you delay your plan for a couple of months to give you space and do your business plan properly.  It is much easier to manage a business without credit exposure in mind.  You can concentrate on your product or business promotion and marketing or simply focus in the operation rather than looking into the bank account and pressure yourself about any loan repayment.

Immediate Family Member

If your savings is not enough, then you can go to your family member to get additional of what you need.   At least they are not to expect you to pay for interest.  Nevertheless, they will be happy if you repay the principal back soon.

Close Relatives

A close relative is someone who treats you as member of immediate family.  You can discuss with them your plans and let them know that you may need their help this time.  At least you need to discuss how you are planning to repay them.

Distant Relatives

Here, timing is necessary.  Observe first and find out who among them might be capable to assist you.  If you get something from them, make sure you repay them.

Local Cooperative

If you have plans to go into business in the near future, then you should start applying for membership with any local cooperative nearby.  Cooperatives usually provide financial assistance for members who would like to borrow money for a project or for any other reason.  Besides, what you invest here (i.e. membership, monthly dues) is worth it.  As you become a member, any profits the cooperative have gained are divided among its members through dividend.  It serves a two-way purpose: you help the community through the cooperative and the cooperative helps you as a part of its community.

Friends

You will have to treat this the same way as you would borrow from your distant relative.  Sometimes it will take some quality time before you can convince them.  The others would expect some sort of interest in return.  If you have another means to bargain or trade-off, the easier it will be to convince them.  Just don’t include blackmailing any of them! 🙂

Employer

Inquire if your company has any existing financial assistance program extended to employees. Make a company loan according to what the company can offer and if this is not enough, find an additional money somewhere else.

Offer for Partnership or Joint Venture (JV)

Look for a potential business partner or a JV partner to reduce your fund exposure.  Depending on your partnership arrangement, your partner may provide a certain percentage of the fund required for the business.  Just make sure that you own the major part of the business.  Note that if you have a JV Partner, part of the business profit will be sub-divided according to the percentage of ownership of both partners.

Incorporate

This is almost the same as Partnership but only with more partners involved.  Usually, it takes 5 people to start a corporation.  Each of them will have to provide their own share of capital.  On certain cases, Industrial Partners becomes a part owner of the corporation without injecting capital due to his skills to run the business or his ability to create a large market or both.

Angel Investors

These are investors who may have been endorsed by someone and is willing to inject fund without getting himself involve in the actual business operation.  The interest of an Angel Investor is purely focused on the Return of Investment (ROI) which is expected out of the operation of business in a certain period of time.

Existing Government Financial Aid Programs

Look for any existing financial programs being provided by the government for some forms of businesses that contributes to the growth of the economy.  An example is if you intend to venture in an export or import business.  In this type of business, there are existing facilities ready to assist as provided by an agreement between the private sector and the government.  Investigate further and look for an alternative like what has been mentioned.

Rural Banks

Rural Banks provides a reasonable interest rates and processing fee which is considered lower than commercial banks but resources are limited.  There are documentations to comply with in order to process a loan application.  Approval or denial of loan is subject to further examination by the Board of Directors.

Commercial Banks

Commercial Bank has a very wide resources and considerably higher interest rate and processing fee than rural banks.  As commercial banks are corporate-focused, they will require a lot of documents from their borrower.  If you are ready to patiently look for, ready, and prepare the documentary requirements, then you can give it a try.   But at least don’t expect that things will be easy.

Loan Sharks

Not recommended! They normally charge very high interest rate which you may not afford to   completely repay.  For more information about this, check my article on Loan Sharks.

Now here is my 1 peso personal tip:  Plan your business well.  Know its ins and outs.  Spend time and put yourself in a brainstorming activity to ensure the success of your business.  When you are confident that your plan is fool-proof and expects the 100% success of your business, spend another time to conduct a reverse brainstorming.  By reverse brainstorming, you should study how competition can destroy your fool-proof plan.  You also have to consider the pitfall that may come from the inner side of your business.  Consider your financial capacity, unexpected incidents, manpower behavior which all can influence the advancement of your business.  Identify the factors that can hurt your business or can take your business down and make plan on how to avoid it. Practice it regularly and always look into your business’ behavior on a step-by-step manner.  More importantly, repay your creditors so you can ask them for assistance some other time. Enjoy your business and have fun!

Also recommends 15th Way To Get Business Funding

The Loan Shark’s Lending Facility in Philippines

pinoy loan sharks offering a bite

In my other article, I have provided a brief about Loan Sharks particularly operating in the Philippines.  I have not forgotten that I promised to bring you an idea how Loan Sharks are delivering their facility.

Unless you have made business with any of them before, you may still be wondering how things work in their business. In the said article I have also mentioned that it takes to be connected to people so you can be introduced to a Loan Shark.

I am providing you below the available means that a Loan Shark can be interested so your requirement for additional fund can be granted.   What is listed therefore provides idea of possible vehicle that you can consider to offer when you deal with a Loan Shark – and this however depends to their business interest and acceptance.

The facilities loan sharks may consider are:

  1. Check Discounting
  2. Collateral Loan that includes Estate, Vehicles, and any other valuable considerations
  3. Assignment of business receivables; i.e. account receivables from your customers
  4. Partial business ownership; i.e. offering him to own a certain percentage on any of your existing business

With the facilities mentioned above, the Loan Shark provides different bracket of interest rates.  This is due to fact that they have different priorities of acceptable guarantee on loans.   Since interest rate provided by Loan Shark is considerably high compared than commercial lenders, it would be wise for the borrower to consider this option last in the number of available alternative sources of fund.  I shall be providing you a number of alternatives you can consider ahead rather than going straight to a loan shark in another article I am writing soon.

Generally speaking, Loan Sharks operates because of the clear and present opportunity that another person is in-need fund and without the Loan Shark’s cold cash capital, there will be no business for them of this kind after all.  What beauty their business has is that their transactions do not pass along taxation.  This means they are not taxed for every interest income they gain from their borrowers.  It is because their transaction is considered under the shadow of the night since most of these loan sharks does not register for a business name for the said business nor declare their income for lending money.

On the other hand, a Loan Shark’s business is a high risk business compared than any other lending related business.  Since they are highly exposed to non-payment by borrowers up to going to the tedious process of filing legal complaints, they need to be very cautious in entertaining borrowers.  Background checking is always part of the process and having yourself endorsed by someone they knew already gives you an extra edge for approval consideration.

In another vantage view, some Loan Sharks are not actually the owner of the fund they are using.  They are just managing another person’s money and the money is from a person who may not want to appear publicly in this business.  Most of these financiers who use a representative are actually engaged in other forms of businesses: May the source of money comes in legally or otherwise.  In reality, Loan Sharks are just around the corner, in legit businesses, in big corporations, in the slums, and even in the government.