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Business is About Making Money By Scott Kiser, DDS

Ask most people why they are in business and they will give you any number of reasons. Things such as wanting to improve lives of others; make world a better place; provide for their family; have more free time; list goes on and on.

Fact is business is about making money, which means bottom line is bottom line. Many business owners, managers and sales people seem to forget this. If you don’t have a strong bottom line you cannot continue to do business for very long. And if you can’t continue to do business you cannot achieve other primary reasons you do what you do. The way you get a sturdy bottom line is to understand some basic truths about business.

A few fundamentals to running a successful business are to know what your product or service is, who your customer is, who you are, what drives you in business, and what trends are impacting economy and marketplace.

Many people run their business without these key ingredients. Sure, a company can survive, but is survival all you are seeking? Don’t you want more? As previously mentioned, most people are in business to design a certain lifestyle for themselves and their families. Many are in business to create an experience for their customers. Still others are in business to improve quality of their community. Unfortunately, many miss mark by a long shot.

Applying for a home loan may not be most exciting way to spend your time, but if you are like many potential homeowners, it is probably a necessary evil. If you have some knowledge of process ahead of time, however, it will go much more smoothly.

Home loan applications tend to be very long, but if you are prepared ahead of time you can finish application procedure without breaking a sweat. Before you begin filling out form, make sure you have available your Social Security number, information pertaining to previous employers and residences, recent pay stubs, copies of credit card and loan statements, copies of bank statements and asset information such as stocks, pension and retirement funds. Begin form by simply filling out each line with requested information but leave Section I, entitled Type of Mortgage and Terms of Loan, blank.