Monthly Archives: May 2019

24 Business Ideas That Could Be Worth Millions

by John Rampton • May 7, 2019 • 0 Comments

Focus on one of the many problems people have that you could help them solve.

Make the Leap From Traditional Business Leader to Tech Entrepreneur in 5 (Easy-ish) Steps

by Zach Ferres • May 7, 2019 • 0 Comments

The next wave of entrepreneurship is going to bring a whole new playbook for running companies. Are you ready?

Booking a Flight? Here Are 3 Ways to Save. (60-Second Video)

by Hayden Field • May 7, 2019 • 0 Comments

There is such a thing as booking too early — you probably won’t find deals if you try to book more than 150 days before takeoff.

From Prison to Paradise: How Former Gang Member Andres Pira Became a Real Estate Tycoon

by The Oracles • May 7, 2019 • 0 Comments

He moved to Thailand with $100 in his pocket, became penniless, and then discovered the “secret” that would change his life.

How Laughter Can Improve Your Business and Your Personal Life

by Jack Canfield • May 7, 2019 • 0 Comments

An ability to laugh at yourself can help cut tension and lower stress.

OakNorth offers mortgages to small business entrepreneurs

by Timothy Adler • May 7, 2019 • 0 Comments

Originally written by Timothy Adler on Small Business
OakNorth, the specialist business bank, is to offer mortgages to small business owners and entrepreneurs for the first time.
It believes that SME business owners are under-served by traditional mortgage lenders because they cannot prove regular income. Instead, they are often asset rich with money locked up in their businesses or property.
OakNorth will lend from £500,000 and plans to differentiate itself by offering quick turnarounds on decisions and taking a holistic view of an entrepreneur’s finances. (In exceptional cases, it will lend from £250,000).
It plans to close £260m worth of mortgages by the end of 2019, carving out a 5-10pc share of the £4.3bn residential mortgage market by year-end.
One in 10 business owners in the UK are unable to access the finance they need to purchase their first home, says OakNorth.
The six largest UK banks dominate 77pc of the mortgage market but often find it unviable to create bespoke mortgages for SME business owners. Entrepreneurs who may be asset rich but regular income poor usually find it difficult to pass the high street banks’ lending criteria, as most banks only accept established and regular payments as “income”.
The challenger bank has taken on three veteran

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Government launches scheme to help fund small builders

by Timothy Adler • May 7, 2019 • 0 Comments

Originally written by Timothy Adler on Small Business
Small builders are set for a boost as the government launches a scheme to fund home building developments.
The state-owned British Business Bank will make up to £1bn of guarantees available to banks that that lend to small builders. This will reduce the amount of capital these banks are required to hold against such small builder finance, encouraging additional lending to smaller developers.
The chancellor pledges to help small and medium-sized builders in last autumn’s budget in an effort to hit the 300,000 new homes every year.
The BBB has struck deals with specialist lenders to help with small builder finance, but this is the first time a dedicated scheme has been set up for the industry.
ENABLE Build is a new variant of the BBB’s existing ENABLE guarantee programme, which takes on a portion of the lender’s risk on a portfolio of loans to smaller businesses, in return for a fee.
The scheme is open to applications from banks where at least 80pc of the loans are to developments in England. (Housing policy in Scotland, Wales and Northern Ireland is developed to their governments.)
The proportion of homes put up by small builders has halved since the late

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Finding superfast broadband for your business in 2019

by Partner Content • May 7, 2019 • 0 Comments

Originally written by Partner Content on Small Business
The UK government defines superfast broadband as 24Mb/sec.
What’s more, that definition is an average speed, so your ‘superfast broadband’ could be running at 5-8Mb/sec for much of the day.
Is fibre the answer?
That depends on the fibre connection we are talking about. Domestic fibre connections are definitely not the answer.
FTTC
Fibre to the cabinet (FTTC) connections are better than ADSL copper wiring, but they don’t have the capacity because the connection is shared between fifty premises. An additional issue with FTTC connections is the final few hundred metres of copper cable; a material that is fundamentally unsuited to carrying massive amounts of data.
FTTH
Fibre to the home (FTTH) connections are better than FTTC, but your internet connection is still shared with fifty households, so you will never get the maximum speed out of the fibre.
Contention ratio
This high contention ratio was a way to roll out fibre connections quickly but means that everyone on a domestic optical fibre connection gets less than the quoted speed for much of the time. The overcrowding problem is getting worse every year.
When fibre first started rolling out in the 1990s the only demands on it were from personal computers. Thirty years