Doh! A Home Biz Even Homer Simpson Could DoWritten by Jon Castle
Everyone likes Homer Simpson, moron that he is, because let’s face it—there is a little Homer in all of us. Have you ever come across a business opportunity you would have liked to try but didn’t because you were afraid of your own ineptitude? Well, leave your fears aside fellow Homer Simpsonites because here is a business you can start with your eyes closed and your brains on hibernation mode--Loan Signing!Loan signers, Notary signing agents, loan signing agents, mobile Notaries, all of these terms have been used interchangeably and they all describe same thing--a traveling Notary Public (and no, Homer, that’s not an island country somewhere in Bahamas). A loan signing agent goes to a borrower’s home to witness signing of loan documents. Of course you need a few supplies (like your Notary ledger), but I’m not going to get into particulars in this article. What you really want to know is, how do you get started, what is work like, and how much can you make right? To get started you can join a Notary Association, most of them have a signing agent section. There you will find more of basics to getting started with this business and get your name listed. They will all try to sell you some really expensive loan signing classes but that is completely up to you. The smart, un-Homer thing to do is a search for some Notary signing agent message boards where you can learn how to get started for free. The process is very simple and involves a small fee to get a license, ledger, and certificate with your county.
| | Documenting Partnerships in Your Business PlanWritten by Dave Lavinsky
Forging partnerships to improve market penetration has become commonplace, particularly for “new economy” businesses. And, most companies proudly mention their many partnerships in their business plans.The fact is that, regardless of whom partnership is with, partnerships by themselves are meaningless. What are meaningful are terms of partnership. For instance, while it sounds great to have a partnership with a Fortune 500 company, details of partnership are what investors find important. For instance, investors will look poorly upon a partnership in which Fortune 500 company earns 90% commissions on customers it refers. On other hand, investors would look favorably upon a more equitable partnership. As such, be sure to detail specifics of partnerships. This includes factors such as how partnership will work, payment terms, contract length, minimum and/or maximum guarantees, type of customer leads expected from each partner, timing of payments, etc. In addition, if partnerships are a key part of business plan, expect prudent investors to interview partners and scrutinize partnership contracts.
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