Beware of mortgage loan scams! Tips & Warning Signs

The Housing crisis is still not behind us  - many homeowners are struggling to keep up with their mortgage payments. It's important to understand that there are free resources available to you - Too often, we see clients from Westchester and the Hudson Valley who seek free foreclosure prevention and loss mitigation counseling services after they have already paid thousands of dollars to a scam artist who has done little to help them while ...
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4 steps to increase your chance of approval for a business loan

You applied for a loan for your business and were declined - what now? Being declined for a loan can be a disappointing and frustrating experience. What steps can a business owner take to make sure it doesn’t happen again? Understand the reason(s) for the decline.  When you ask for a loan you are essentially asking your lender to take a chance that you are going to pay them back.  All of the underwriting a lender does is aimed at determining ...
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5 Questions to ask yourself before hiring a new employee

For most small business owners, the decision to hire their first employee is not a small or easy one. Many small business owners are hesitant about adding a new hire to their team. It’s understandable. It’s a big decision and there are a lot of things to consider. We thought we’d help with the process by offering up five key questions to ask yourself before deciding to add a new member to your small business Can I take on this extra work ...
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5 things to consider before setting a price for your goods and services

When it comes to setting an initial price, you can generally choose from one of three options: You can charge a premium price (this works best if you have a superior, value-added product or service), a lower-than-average discount price (which is generally hard for small companies to sustain), or a price that is in line with your competitors (market price). To help you decide where to fall on this scale, here are five things to consider before ...
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4 steps to evaluating a new business opportunity

Growing a business, whether organically or by acquisition, is never easy. Today we’ll offer a quick way to  evaluate growth opportunities for your business. Following these four simple steps can keep you from pursuing unprofitable, costly new lines of business, partnerships or business acquisitions: Doing the Math Really Does Matter The first step in evaluating a new opportunity is to compute the potential gross profit margin to be ...
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