BGN Entrepreneur » credit crunch

Prospect of Stability

Sky — Mon, 23 Nov 2009 06:52:49 +0000

The credit crunch has handed the government the means to create a British Banking Corporation. UKFI should consider buying out the minorities of RBS with the proceeds of the sale of its minority stake in Lloyds, and then inject Northern Rock into RBS.
The bank would need to be owned by a trust modelled on the BBC’s, with a long-term charter to offer high-quality, affordable banking services to the retail and wholesale sectors. The charter would require it to remain independent of government interference and to operate on commercial principles, with a targeted return on capital that is debated and agreed by Parliament, with reviews every ten years. Any profits above the targeted rate of return could be used to fund a long-term development bank for infrastructure projects such as high-speed rail. The prospect of a stable banking industry, with profits held in check by the presence of one large, not-for-profit player, would make the recent bail-outs seem a price worth paying.

Landlords Feel Pressure due to the Current Market

Sky — Fri, 04 Sep 2009 17:00:39 +0000

A growing number of landlords are struggling because of the number to buy two-thirds belong to refinancing that traded on the market.
Study released yesterday showed 50 percent increase in the number of buy to let investors in the past year looking for new mortgages. However, 70 percent fewer mortgage loans in the past 12 months, more has to change according to time bomb, according to experts.
Thousands of owners, the new deal for the next few months. In the number of loans granted reached a peak of 176.5 thousand in the second half of 2007, just on the Northern Rock and the credit crunch began to run. Many owners think that there are two-year contract, will soon be closing action.
Hanna – Mercedes Skenfield, from moneysupermarket.com, more studies published on the website, he said: “Buy to let property owners are looking for a suitable mortgage a daunting task. Due to a significant reduction in products in the market left by high interest rates attention to these circumstances, we may have a ticking purchase rate to let our hands time-bomb. “

The Development of Real Estate Business in Credit Crunch

Sky — Wed, 24 Sep 2008 21:08:00 +0000

Due to the awful economic condition of credit crunch crisis as well as rising energy prices in the recent days, the mortgage industry is suffering greatly. Many financing giants are going under great pressure these days.
After Lehman Brothers went bust and Merrill Lynch acquired by Bank of America, Morgan Stanley and Goldman Sachs have abandoned the status as investment banks and transformed into traditional bank holding companies. According to the report on Times, the mortgage lending just fell by 12 per cent to the 16-year low. With many economists and analyst predicting the long-lasting of such macro economical environment, it’s definitely not the best time for the business of real estate to make a good fortune and further expand.
However, in all these chaos, there are still many real estate agencies struggling to stay in business. They are trying hard to offer a whole range of better service package to help people with different needs find their ideal houses and other kinds of relevant information. And Bardell Real Estate is one of the companies with good reputation in practice. The company is specialist in new and resale villas and vacation homes, retirement homes and residential property. Are you looking for great Florida villas for sale now? Check it out! You can learn more about buying and selling property on the website and you may be able to obtain much useful information about your dreaming houses on it.

Surviving the Recession

Sky — Thu, 18 Sep 2008 13:55:52 +0000

The credit crunch is bringing tough time for all kinds of businesses in the field. To survive the recession, one of the most vital factors is to make sharper contrast between your businesses with other competitors. To sell your own products or service during a recession, there are 7 keys:
First of all, when things start spinning out of control it is time to reevaluate. It’s important to calm down and step back to basics.
Secondly, most businesses focus on the systems and expense control. However, it should be always beard in mind that business starts and ends with the customers. So, it always focuses on the customers, identifying and satisfying their needs with products or services. It means that every aspect of the business must support the customers. Anything else is a waste of time and money.
Thirdly, recession is not good time for trying new techniques, finding new markets, or launching new products. Instead, it’s a time when businesses should focus on their own niche.
Fourthly, expense control is important but it’s important to increase the sales expense budget. Contrary to what people usually think, you can’t cut your way to a profit. Just be smart where to spend the money.
Fifthly, dump the bottom 20% of your customers, who take 80% of your time for 20% of the income. They are deadbeats. So just cut them loose and spend the resources on other customers you can satisfy!
Then, the buying decision is emotional. Logic is used to justify the decision. It’s important for every business to guard your customer base via focusing the time and energy on these stars.
Last but not least, make a customer wish list and look at the competition and identify their top customers to target. Bear in mind that your competition is cutting back on spending via letting a few salesmen go. As a result, the remaining salesmen are overloaded and overworked.
With all these done, it’s possible that your own business could survive the recession.