Advanced E-business Concept: Is now the time to invest in your own digs?

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Volume 2 Issue 38

September 23, 2008

Wealth Creation Secret for Biz Owners

For many biz owners, a key to creating wealth is to own the real estate the business operates in. And the upside to today's dismal real estate market is bargain basement prices on commercial buildings. If you've considered investing in your own digs — an office, warehouse, retail space or industrial facility — now may be a good time. Real estate ownership also halts the process of paying ever-increasing rents. You'll find all the help you need in this issue of Whatworks.

For updates on the latest ideas, trends and solutions for small business, visit the new Technology Channel and Money Channel pages at our sister site Business.com, where you'll find anything and everything for your business in 65,000 categories.

– Daniel Kehrer, Editor

Take the Plunge
Buying a Building for Your Biz
By Frances Sharpe
Buying a commercial building to house your business can be a good investment. Whether you're looking for an office building, retail property, industrial facility or warehouse, buying rather than leasing may be your best move — if you have enough cash. Most lenders require a cash down payment of 20 percent, which can cut into your cash flow. Here's how to swing a deal: Read Full Guide

Where to Get Money
Commercial Mortgage Lenders
By Irwin Speizer
If you want to buy or expand an office, warehouse or retail building, you need a commercial mortgage. Commercial loan rates can vary considerably based on the amount, duration and type of loan as well as on the lender. That's why it's so important to choose the right commercial mortgage lender. Doing so can help you in many ways, including these...
Read Full Guide

Commercial Property Insurance
Covering Your Property Purchase
By Jeanni Brosius
If you have business property, commercial property insurance coverage is vital. You must protect your business and the items you need to run it, as well as protect yourself against customers and employees who may get hurt while on the premises. One sure-fire way to put your business in jeopardy is to ignore the importance of carrying proper insurance, or by not carrying enough coverage. Here are the steps you can take: Read Full Guide

Getting from A to B
Mortgage Bridge Loans
By John Fuller
Bridge mortgages, also called interim loans or a swing loan, are used if you’re selling one property and need the proceeds from that sale to finance the purchase of another property. You can use bridge loan financing for a home purchase, or you can take out commercial bridge loans for your small business. Mortgage bridge loans are available in two basic types. Read Full Guide

Types of Loans
Small Biz Loans for Commercial Property
By Shannon Tani
Few businesses can buy a commercial property for cash. Mortgage companies offering SBA loans for commercial property are a great help. While it may take more time, it's always a good idea to shop around for commercial real estate loans. You want to make sure that you are getting the best possible rate and terms, which can vary significantly. Here's what you can do: Read Full Guide

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FAST TRACK

Quick reads, hot topics and cool tools for your business

Comparing Financial Services: Transparent Financial Services is a free new online comparison shopping service for small business financial services. So far, the site only offers comparisons of credit card processing services, but plans to add others such as payroll processing, business loans and insurance.

Better Expense Control: SurvivalWare is financial modeling software that you run alongside traditional offerings such as QuickBooks or Excel. It helps you better understand the impact of spending decisions -- past, present and future -- and look into alternatives that will improve cash flow.

SOLUTION OF THE WEEK

Time & Attendance Tracking Online: Tired of timeclocks? Workforce Timekeeper is a web-based employee time and attendance tracking solution that can cut costs, control errors and make it easier than ever for your business to manage the hours your employees work. Workforce Timekeeper puts everything you need online, and helps you set schedules, monitor work and track absences.