This is how you make a strong financial plan

Is drawing up a financial plan relevant to you? Of course you want to get started as soon as possible, but how do you get the bank so that your business plan and the financing is approved? Give yourself a flying start with these tips from independent expert and learn how your bank assesses the financial chapter.

There are two types of entrepreneurs that a bank can immediately snatch. People who are going to start something without any experience and people who have a passion for something, without having to map out the opportunities, both need some special tricks.

That may sound cynical, but insurance and financial services helps day-to-day starters write their business plan and its financial underpinning. The bank is taking risks and wants to know what the opportunities in the market are and how you will tackle them.

Hard numbers

Anyone who wants to open a hip restaurant without any catering experience, or start a riding school with a passion for horses, must emphasize extra well in his business plan where he sees opportunities. The bank takes risks if it finances your company, they invest thousands, sometimes even hundreds of thousands of dollars in your company, so they want to know how concrete the opportunities are and how you are going to tackle them.

That is why it is important to substantiate your motivation. Of course it is important that you love horses if you want to establish a riding school, but also show how (and in what way) you are going to repay the loan from the bank with an interest rate of about ten percent.

Hasty rush

Another pitfall is starting with your own money, only to find out that your financial resources are not sufficient. Of course, Enthusiasm is fine, says Bas, but too much haste can also be explained as pride or impatience.

If you only call at the bank at that stage, you do not show that you can plan your finances properly or assess risks properly, all the conditions you have to meet in order to be able to keep the company running in the long term. will have less confidence in you in advance.

Track record

Building a new company from the ground up sounds attractive, but experience shows that the chances of financing can increase if you take over an existing company and that goes for an entrepreneur with limited experience, an existing company has proven its right to exist and has a track record and hard figures, in which case there is only one uncertain factor, and that’s you. The risks for the bank are often greater.

scratch off map

The Schoolgirl Completes Island Charity Sail Independently

For the school girl, Heather Aitken, the big waves and HIGH winds were no match. She sailed around the Isle of Wight with an intent to raise funds to collect funds for the charity trip to Africa. Aitken is now 15-years-old and she is from Warsash. She sailed in Laser dinghy all single-handed for the 60 miles. It was all challenging conditions near the island and it took her 11 hours and 5 mins to complete the round.

When Heather was asked about her experience, she said: ‘When I was sailing in the waves with the length two meters and my boat was only four meters. This made the condition extremely tough. And this condition was for the longest stretch all around the island.’ 

“However, sailing from sunrise, and then San Juan, and then returning to the Warsash Sailing Club just when the sun was setting was an incredible experience and I can never forget it.” Heather is in the process of raising the money for her trip to Africa in the next year. There, she will work with a World Challenge on the project with local communities in Swaziland. Though, she handled her boat independently, although her journey, but she was not all alone during her trip.

She was accompanied by a group of volunteers and they were from Brookfield Community School. From here trip, Aitken and her friends was supposed to the fund of £2850, which they are going to use to travel to Africa in the coming summer. By this trip she has raised about £2,000, which is a great one.

She added: “For the fund I am able to raise, I want to forward a big thank you to each one who has supported me as well as sponsored me. When I finished the line at the Yarmouth a brilliant crowd came out to cheer me up.”

Expert Advice – 5 Tips before Buying a Yacht

Obtaining of a yachthappens to be often the conclusion of the fantasy of many yachters, comprisingbeginners, who use to enter the ground floor in the delights of yachting. offers you simple tips to own a private Yacht.

  1. Opting for a Yacht Adapted to its Navigation Program

The crush that one can have at the sight of a yacht on a site of classified advertisements or moored in a marina can quickly turn to the ordeal if it does not finally correspond to its program of navigation. Engine, mixed sail or sail-engine, cruising, coastal sailing, regatta and racing: the basic thing is definingfit is what you wish to do with the help of your yacht. A good tip: the different favorites of the navigation program well thought out are to be avoided!

  1. What Model for which Basin of Navigation?

Once the navigation program is well defined, the question to ask is about its navigation basin. Will you choose a transportable yacht or not? If the yacht is not transportable, or will it is moored or stored? From this question will ultimately depend the type of unit chosen, a yacht, whether sailing or motor will indeed not be the same as one navigates in the Mediterranean, Atlantic or North Sea, to the exception of units intended for cruising.

  1. Case Expert- Indispensable!

The expertise of a second-hand yacht by a specialist may, at first sight, only represent an additional cost. It is not so, and the less acquirer knows about yacht, and more this expertise will be unavoidable. Unpleasant surprises can be numerous and gigantic hidden costs in proportion to the value of some units. This not to mention that the administrative formalities relating to the sale can be complex: the absence of seizure conservatory or mortgage. In matter of new yacht, it can also be useful to be advised by specialists who will establish with you a specification and help define the essential equipment for the yacht.

  1. The Benefits of Leasing

The use of leasing to finance your yacht is tax: the VAT is indeed 10% vs. 20%, the administration considering – why is it that – a rented unit spends part of its time outside the Community waters! At the level of the taxation then, the yacht being property of the leasing company, it thus does not enter in the calculation of the tax.

  1. Anticipating Mask Costs Related to Purchase

The displayed price of a yacht never corresponds to that of a ship ready to sail, let it be said. At the advertised price, the yachtsman will have to add the cost for the safety equipment as well as for a sailyacht, those relating to the delivery and the massage. In the field of sailing, the yachts are delivered with a set of sails generally sufficient but not complete.

Setting Up A Company In HK – Are There Any Benefits

A business needs proper planning before it is put in place. This enables the owners to have a company that will succeed. One needs to do a thorough research before setting up an HK company. This planning helps one to avoid getting losses instead of profits. One needs to learn the advantages associated with the set up in Hong Kong. There are many advantages that are attached to business operations in Hong Kong. They are very attractive especially when it comes to language usage.


A business plan is an essential tool when it comes to setting up a company. It will guide one on what to expect. A consultancy firm needs to be consulted so that they can go through your business plan and offer the necessary advice that will see to the success of the company to be put in place.


Hong Kong is a very cheap place in the Midlands of China where one can set up a company. There is a ready market where one can get clients in a very easier way. The charges are affordable where any foreigner can afford without changing their nationality.


There are things that one should do while Setting Up HK Company. One should know the area well to avoid falling into the hands of scammers. A foreigner may fall into the hands of scammers thinking that they will be helped. It is advisable to go through a consultancy firm that is registered and operates legally. One has to use a private company while doing the incorporation as they are faster and easily accessible. The government ones are effective but may take a longer time to complete the legal process.


There are things that one should not do. One should avoid sending money without knowing what the engagement letter says. Go through it and understand bit by bit. Do not be in a hurry as it will cost one a whole fortune. Do not send any documents without knowing what is required. Send the photocopies and not originals to avoid them being lost in the process.


When the original is required make sure you take them in person. Setting Up HK Company does not always require one to have connections so that the process can go through. What one needs to have is all the legal documents required in a business registration process. One can read from the internet and all will be set to go. Look for a firm that is well known for the registration process who will offer great advice to prevent one from getting into scammers business.


In conclusion, Setting Up HK Company has benefits attached to it. One needs to go through them so as to understand the area well. One should also go through the do’s and don’ts to avoid falling into the hands of scammers. When one understands the area and doesn’t experience any language barrier in business, it becomes easy to operate and profits are maximized.