Bloggy Business Today

The operation of a lending business is anywhere. For the reason that the business is simple and easy to operate, in fact most of the companies do have a lending operation. There are many types of lending business such as, Banks, Mortgage brokers, Home builders and Internet lenders.

The process of lending business is the financial institutions or even individual personality offers a loan service to those who are in need of cash such as those people who are planning to work abroad, entrepreneur, regular employees, etc, the pay back procedure was base on the agreement between the borrower and the lender.

A lender is referring to any individual or organization that makes fund and offer it to others to borrow. The lender can generate income out of the agreed interest from the principal amount of both parties.

There is always a risk in the operation of any business. At the case of lending business, since there are no products involved, many possible problems may occur. Here are the general difficulties that may encounter during the operation:

For a typical individual

1. If the borrower or a individual is only renting a house
2. If the borrower is just a regular employee, and got terminated from their job
3. Does not pay deliberately
4. If the borrower decided to go to the other country
5. Sudden death of the borrower
6. False or not true references, such as the salary /pay slip, the person’s designation, and the employment status
7. Wrong assessment to the character of the borrower

For an Entrepreneur or Business owner

1. Unexpected closure of the company
2. Wrong declaration of income or equity
3. Fake collaterals
4. Guarantors are not reliable.

Those difficulties may lead to only one thing and that is the possibility of not paying their credits, that is why many lending companies mainly those big institutions are conducting and researching the best credit risk-management.

Online Survey is the process of collecting information using web from a very large number of People to analyze different topics using statistical techniques. Many companies are willing to pay to get the necessary information. In fact, there are websites gathering different sites that are conducting online surveys.

Hundreds of websites are paying some people just to answer questions. The process is simple, register to the website with your email address and username, verify the registration and answer questionnaires containing your interests and product or service preference. They will just email you survey questionnaires that are in line with your preference and interest. The forms of payments are either in cash or by earning points, the earned points can exchange in to merchandise. Few People do it for a part time, others as a regular job; they usually joined numerous online survey sites and focus to the job to earn cash.

Advantages of Online Survey:

1. It gives a very fast result
2. The process is not too expensive to run unlike phone and house to house survey
3. The result is easy to modify
4. Can be used in large range industries
5. It is a well-organized way of conducting survey
6. Online survey saves time and manpower

Disadvantages of Online Survey:

1. Some People do not want to finish the entire questions
2. People have a tendency not to give an accurate answer
3. Some of the responses misunderstood the question and gave inappropriate answers
4. No probing and clarification to the responses

Websites who offer online surveys is very free to join. Those who requires payment are considered SPAM or not legal. Do not be fascinated with the big amount offered in exchange with the paid registration. The highest pay in accordance with my research is $5 us dollars per set of questions.

Here are the few lists of online survey sites in which gives payment in exchange to your opinion.

1. Global test market (http://www.globaltestmarket.com/)
2. Survey spree (http://www.surveyspree.co)
3. Global opinion panels (https://www.globalopinionpanels.com)
4. Survey savvy (https://www.surveysavvy.com)

5. Test spin (http://www.testspin.com/)

In this era of political correctness and excessive politeness, it seems like ”no” has become a dirty word in business communications.

As a business owner, your time is valuable.  As much you’d like to be all things to all people, you just can’t.  There’s simply not enough time in the day to be everywhere and do everything.  Don’t say “yes” when you don’t mean it.  A thoughtful “no” is much more valuable.  Use the following tips to improve your business “no”-ledge. 

• Have a system for choosing your commitments: Ask yourself  tough questions each time someone asks for a commitment of your time.  Do it out loud if you have to.  Do I really want to do this?  What can I expect to benefit from this experience?  Do I have enough time to make this commitment?  Why are they asking me to do this?  What would happen if I said “no”?
• Be professional and cordial:  If you have to say “no,” do it nicely.  Give an explanation.  Apologize for not being able to participate. 
• Keep your options open for the future:  If you’ve said ”no” professionally, you’ve left the door open for a potential “yes” in the future.  Offer the “asker” an alternative that works for both of you.