Monthly Archives: June 2016

Hot Business News Today

Using the bank of mum and dad for business funding

by Ben Lobel • June 29, 2016 • 0 Comments

The bank is often the first port for call small companies go to when seeking business funding, but could there be a solution closer to home.
Other start-ups may use crowdfunding or even the Enterprise Investment Scheme, but are small businesses missing out on the untapped wealth of the Bank of Mum and Dad.
Research by insurer Legal & General claims the Bank of Mum & Dad, where homebuyers borrow money from their parents to get on the property ladder, is now worth £5 billion.
The research finds parents will help finance 25 per cent of mortgage transactions this year at an average amount of £17,500.
That amount of cash could go a long way for a small business. Getting money from a family member is also likely to be a quicker process and hopefully you will be charged very little or nothing at all for the credit.
So what could you offer the Bank of Mum and Dad in return?
A place on the board
It is often said that with age comes wisdom. Your parents could offer their skills or experience to help your business grow.
You could reward them for their investment by giving them a place on the board or making them a director.
Equity for

Hot Business News Today

Growing your business through dual citizenship

by Ben Lobel • June 29, 2016 • 0 Comments

Are you a business owner looking for novel ways to grow your business? Have you tried to do business overseas but found it too difficult? Or do you have the perfect market in another country but you just cannot legally do business there? You may have found a solution. It is called dual citizenship. How exactly does this work?
In the past, the most common method for citizenship was through naturalisation. But that took time. Years to be exact. Nowadays, buying citizenship has become the norm. You do this through a small one time monetary payment to the country you want to become a citizen in or you purchase real estate for a certain dollar amount. Yes, it really is that easy. In some cases, you will be subject to a background check and have to participate in an interview as well, but not all countries require this.
As for timing, you can get citizenship in another country as quickly as 45 days. Many countries are not this quick but they are much faster using this method than through naturalisation.
But as a small business owner, what are the other benefits (or more aptly put) reasons as to why this makes sense for