Connect with us

Business

BUSINESS DEVELOPMENT COMPANY(BDC): How Does It Work?

Published

on

Business-Development-Company-BDC

What is a Business Development Company?


A business development company (BDC) is an organization that invests in small and medium-sized businesses, as well as companies in difficulty. A BDC helps small and medium-sized businesses grow in the early stages of their development. In distressed businesses, BDC helps businesses find a solid financial foundation again.

How business development companies work

CDBs use their capital to make loans or to buy ownership of small and medium-sized businesses in the US, most of which are privately owned. For tax purposes, most BDCs are treated as regulated investment companies (RICs) rather than taxable companies. In return for favorable tax treatment, the BDC must distribute at least 90% of its income to shareholders every year, similar to real estate investment trusts (REITs). Due to their high dividend and interest payments, investors often use CDBs as income instruments.

BDCs are similar to venture capital funds in that they both invest in companies, but the main difference between them is access. Venture capital funds are generally only available to accredited investors, large institutions and high net worth individuals. You have to limit the number of your investors and enforce certain criteria in order not to be marked as a RIC. However, BDCs are open to anyone with access to an exchange.

How To qualify as a BDC?


To qualify as a Business Development Company (BDC), a company must meet several requirements. First, the purpose of CDBs is to provide funding opportunities for small, medium, and distressed businesses. To ensure that CDBs do their job, the government requires them to invest at least 70% of their money in qualifying assets (the term used for the companies they are supposed to help).

Next, the BDCs must be based in the United States. CDBs are under the supervision of the Securities and Exchange Commission (SEC). BDCs must register with the SEC and comply with reporting requirements, including a quarterly summary of the investments they hold.

How does a BDC Make Money?


A BDC generally makes money in two ways.

First, some BDCs make money by investing in stocks, which means they buy preferred or common stocks in their portfolio companies (i.e., the companies they invest in).

Most CDBs, however, make money by investing in debt. In this case, the company invests in secured and unsecured debt (secured debt is secured by collateral, a type of asset, whereas unsecured debt is not). Debt BDCs also invest in senior debt, that is, debt that borrowers must pay off first before they can meet other obligations.

CDBs that invest in debt rather than stocks tend to be less risky. Because the company you invested in has a contractual obligation to repay your debtors, there is less risk of losing your main investment.

How to Invest in a Business Development Company


You can invest in BDCs as well as stocks, mutual funds and ETFs. Each BDC has a ticker symbol and investors can buy shares in their brokerage or IRA account. In mutual funds, investors can buy shares at the net asset value of the fund and the funds are not limited to a specific number of shares. However, closed-end funds like BDCs issue a certain number of shares as part of an IPO

CDBs are not considered a low-risk investment. You should assess your risk tolerance and discuss options with a financial advisor before buying stocks.

Learn How to spot High-yield investment

Largest Business Development Company

Although Congress created the BDC Form in 1980, most BDCs have only existed in the market today since the early 2000s. As a result, there isn’t an abundance of information and history that needs to be analyzed in order to make informed investment decisions. If you’re looking to invest in BDCs, consider the larger ones with a long history. These are the 10 largest BDCs as measured by assets under management:

  • Ares Capital Corp (ARCC): $ 6.96 billion
  • Owl Rock Capital (ORCC): $ 5.70 billion
  • Prospect Capital Corporation (PSEC): $ 3.20 billion
  • FS KKR Capital Corp (FSK): $ 3.03 billion
  • Golub Capital BDC, Inc (GBDC): $ 2.35 billion
  • Goldman Sachs BDC Inc (GSBD): $ 1.57 billion
  • Main Street Capital Corp (MAIN): $ 1.43 billion
  • New Mountain Finance Corp (NMFC): $ 1.19 billion
  • Hercules Capital (HTGC): $ 1.18 billion
  • TPG Specialty Lending Inc. (TSLX): $ 1.14 billion6

Business Development Company (BDC)- Regulatory Requirements

Designation of BDCs as Registered Investment Companies (RIC) under the 40 Act means that they must meet certain requirements regarding their source of income and asset diversification. RICs must derive at least 90% of their income from capital gains, interest, or dividends from investments. RICs must also distribute at least 90% of net investment income to their shareholders in the form of interest, dividends, or capital gains.

All BDCs must also meet the following requirements:

  • Must have a largely independent board of directors
  • You must value assets at least quarterly
  • You will need to file regular reports with the SEC (such as Forms 10-K, 10-Q, and 8-K, and proxy instructions).
  • Must appoint a chief compliance officer (report to the board) and follow compliance procedures to prevent violations of federal securities laws.
  • You must maintain a declaration of loyalty to ensure the BDC against theft and misappropriation.

What are Ups and Downsides BDC?

Let’s talk about some of the benefits of investing in a Business Development Company (BDC). First, CDBs are an affordable investment. Unlike similar venture capital firms, getting their hands on stocks in a BDC is easy for the average investor.

Another benefit of investing in BDCs is that they often generate above-average dividends. One of the main reasons for this benefit is that BDCs have a more affordable tax structure than many companies, where they don’t have to pay corporate tax on the profits they distribute to shareholders.

Despite their advantages, CDBs are not without risk. Initially, BDCs mainly focus on small or medium-sized businesses or companies with financial difficulties. In other words, they’re investing in companies that haven’t had a chance to prove themselves, or companies that may not have properly managed the money they already had.

As a result, there is always a risk that these companies will not perform as expected by the BDC. Because BDCs tend to invest in companies with similar characteristics, they are also less diversified than other mutual funds.

It’s also important to remember that every time you invest your money in the stock market, you are putting your money at risk. There is no investment opportunity associated with a return guarantee. If you don’t invest in government-backed security, there is an inherent risk.

Besides the risk, there are other disadvantages. BDCs typically come with high fees that reduce returns. CDBs may charge loan processing fees when trading debt instruments. They also often charge incentive and management fees.

READ ALSO: Wise Investment Tips For Young Business Newbies

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

KITCHEN APPLIANCES: Top 10 Must-have Small kitchen appliances for your business

Published

on

small kitchen appliances, kitchen appliances sets, kitchen apploances bundles and packages

A huge part of getting chores done in and outside the kitchen is largely dependent on our mastery of kitchen appliances. But then effective mastery is built on how familiar we are with these appliances. Well, this post goes beyond the couple of knives, spoons, or cutleries you have stacked up in your kitchen at the moment. It basically gets you acquainted with every type of kitchen appliance including the best small kitchen appliances you will need for your businesses. Furthermore, it will give you a rundown of Kitchen appliances sets, bundles, and packages you can leverage and the best time to buy them.


With these in place, let’s get started.

Types of Kitchen Appliances

For the longest time possible, types of kitchen appliances have been often misconstrued for a list of these appliances. Basically, half the information you find online only end up giving you a list rather than the types of kitchen appliances. This may not be entirely wrong though, but a more rational concept will be to categorize them into the following as listed below.

  • Food Production Kitchen Appliances
  • Maintenance Kitchen Appliances
  • Food Storage Kitchen Appliances
  • Special Kitchen Appliances  

And also seeing categories and types are synonymous to each other, we are definitely on the right path.

Now, let’s briefly go through these four.

Food Production Kitchen Appliances


As the name suggests, this type of kitchen appliance are sets of equipment that mainly facilitate food production. These appliances mostly work on either electricity or LPGs (Liquified Petroleum Gas).

The later can be attributed to the advent of technology. However, to fully get a hold of what exactly this category/type of kitchen appliance looks like, I have listed a few production appliances below;

Cooking Range

Cooking range appliances are used for a number of kitchen activities like baking, grilling, frying and boiling. They are divided into Restaurant range and Heavy-Duty range appliances.

But, while restaurant range appliances take care of food production on a small scale, the later deals with those on a larger scale.

small kitchen appliances, kitchen appliances sets, kitchen apploances bundles and packages
Cooking ranges

Other appliances under this category include, Burners, ovens, Cooking spoons and pans, Vegetable choppers and cutters, and finally, Steamers and Cookers.

small kitchen appliances, kitchen appliances sets, kitchen apploances bundles and packages

Maintenance Kitchen Appliances

This type of Kitchen appliances centres on ensuring the maintenance of tools in the kitchen. They include Dish washers and dish warmers.

While dish washers help to clean multiple bowls and dishes in the least time possible, dish warmers help with drying. According to MyKitchenSpecs, a typical dish warmer can dry as many dishes as a thousand, eight hundred per hour.  

It further eliminates the problem of contaminations associated with drying dishes manually.

This type of Kitchen appliances include freezers, refrigerators, heated storage systems, display counters, cold storage systems, vegetable storing systems, stainless steel wall shelves and so many others.

Food Storage Kitchen Appliances

These appliances keep food items fresh also ensuring they last longer.

 Special kitchen Appliances

This category basically features most miscellaneous tools you find in the kitchen. And these may include tools for either commercial or home use.

Some of these special kitchen appliances generally include Shredders, Nutcrackers, Kitchen Knives and so on.

With that out of the way, let’s move to a detailed look at small kitchen appliances. 

Small Kitchen Appliances

As you flip through pages across the net, you will find several definitions of a small kitchen appliance, but a more precise view was given by Wikipedia. It defined small kitchen appliances as

portable or semi-portable machines, generally used on table-tops, counter-tops, or other platforms, to accomplish household or kitchen tasks.

Wikipedia

In other words, they are basically small appliances found in the kitchen. Consequently, if this definition is anything to go by, examples of these appliances would include: toasters, humidifiers, microwave ovens, coffee makers, and food processors, to mention a few.

So it’s safe to say that these appliances have nothing in common with white kitchen appliances like small refrigerators or small washing machines. And that’s because using the quantifier, “small” makes no difference.

However, we will go through that shortly.

Uses of Small Kitchen Appliances

Small Kitchen appliances are basically used for tasks like; Beverage making (coffeemakers, iced tea-makers, electric kettles, etc), Cooking (electric hot plates, microwave ovens, etc) and so on.

A handful of these tools literally carry out the same function as their larger versions, only on a smaller scale. In other words, manufacturers often produce commercial and home versions of these products to either reduce costs or power usage. 

For instance an oven is a commercial version of a toaster oven. They perform similar functions but it is almost impossible to find toaster ovens in big restaurants and vice-versa. This largely has to do with the high level of food production we find in restaurants. And trust me, toaster ovens would hardly be able to keep up.

But more importantly, the industrial versions of these small kitchen appliances are generally designed to consume more electrical power. So attempting to use them for tasks at home may attract more electrical bills.

However, there is just one overside to taking this route; they are capable of carrying out heavy tasks at the same time. 

Best Small Kitchen Appliances

In no particular order, the following are my best picks for small kitchen appliances. By best picks, I mean the most essential small appliances that should be found in your businesses.

These picks practically centers on how important they are to ensuring the smooth running of your food-based businesses.

 Toasters and Ovens

These two have a lot in common than you could imagine. For the most part, Ovens are often called Toaster ovens but a major similarity hangs on the fact that they both heat up food items with the aid of electric power.

However, while toasters help to crisp bagels and pieces of bread slices efficiently, toaster ovens are used for melting cheese.  They are also the best small kitchen appliances for warming foods which makes them one of the most basic kitchen requirements.

Coffee Makers

Unlike most small kitchen appliances, coffee makers are hardly found in the kitchen. They are mostly seen in places like hotel rooms, offices, or basically anywhere in or outside the kitchen, especially considering the fact that everyone loves a cup of hot coffee.

This singular factor may literally put it on the top of this list, making it indispensable.

 Blenders

For those who are particular about mixing juices, sauces or soups, blenders are an important addition. But it is important that we do not confuse them with food processors. As similar as their functions sound, just one of them does the job better.

Many give that credit to food processors but blenders also have their benefits. Part of which is its ability to blend food ingredients efficiently, regardless of the amount. It is also a great tool for mixing liquids and ices. This is because they possess less powerful motors and less sharper blades than food processors.

Food Processors

Chopping of vegetables have not been more easier since the advent of food processors. They carry out the job perfectly well. They are your best bet for any processing need.

Mostly, they come with blade attachments in different sizes to meet those needs. So, you have the luxury of picking any blade that perfectly fits into your game plan.

Electric Grill

This is nothing like the conventional grills you know. Electric grills are way smaller and easier to clean which gives it a position on the list of best small kitchen appliances. But more importantly another factor hangs on the fact that food prepared on electric grills tastes way better and are a lot healthier than those traditionally fried on pans.

These days, electric grills of all kinds including panini grill, clamshell grill or electric griddle are welcome in the kitchen.

Mixer

I guess only bakers will totally understand the need for mixers in the kitchen. I for one literally experienced the stress, first-hand, in stirring cake butters and bread doughs. Trust me, it’s a sorry sight.

Generally, mixers take away the stress of having to mix these ingredients. They easily combine wet and dry ingredients, like the eggs and flour, making your baking experience more fun.

However, most mixers also come with the necessary attachments for kneading.

Slow Cookers

Busy Chefs totally understand the importance of slow cookers. This is because they could help you keep a meal cooking for as long as you want. According to Overstock;

you can prepare a meal before leaving the house for the day and have it done by the time you get home.

With slow cookers, you can basically provide your family with a flawless home cooked meal by allowing food to simmer all through the day. Furthermore, slow cookers are also known as crock pots.

Rice Cookers

With the push of a single button rice cookers help you get the best results. They take out the guesswork experienced each time you decide to prepare rice on your stove or burner-tops.

However, a prominent property which makes it one of the best small kitchen appliances is its ability to carry out its primary function in automation.

Fryers

As expected, this small kitchen appliance is takes care of your frying needs. The only difference however to your traditional frying methods is that deep fryers are more efficient. They make hush puppies, French fries and chicken fingers to perfection.

Conversely, they may not be as healthy as grills but they sure have a way of bringing the taste from restaurants home.

Microwave

Microwave ovens is literally considered as the most-loved small kitchen appliance. Or as Overstock puts it, “the entire kitchen experience.”

Unlike the conventional ovens, microwave ovens heat up food way faster- less than halt the time it takes for other ovens.

And here’s an added advantage; they are durable and extremely easy to operate.

White Kitchen Appliances

Well if you thought white kitchen appliances were just white tools in the kitchen, you wouldn’t be totally wrong; but you wouldn’t be totally right either. White Kitchen appliances go beyond just tools painted white that are found in the kitchen.

According to MBN (Market Business News),

White kitchen appliances are large kitchen tools such as stoves (British: cookers), refrigerators, freezers, washing machines, tumble driers, dishwashers, and air conditioners. They are large electrical goods for the house which were traditionally available only in white.

However, their availability in white is a thing of the past. You can find virtually every one of these products in several colours these days. But regardless of this fact, they are still referred to as white goods or white kitchen appliances.

On the flipside, with the earlier perspective of white kitchen appliances, there are tons of reasons why they have become a trend in recent years. Part of the reason being that they are crisp, bright and clean looking which gives your kitchen an attractive view.

Furthermore, other factors that play major roles to this trend include;

  • Their ability to blend with any colour, making it easier to decorate the kitchen.
  • The fresh and clean feel they give
  • The fact that they are easier to clean
  • And most importantly, their inability to get fingerprints, unlike their stainless-steel counterparts

Kitchen Appliances Sets

As you may have figured out, certain kitchen appliances serve specific kitchen duties better than others. For example, if you prefer baking to cooking, you will require a totally different set of kitchen appliance to achieve better results in any given situation. And trust me, it’s not an option to attempt using the wrong kitchen tool; it only makes the situation worse

But, half the time, we go out purchasing the pieces we need individually. However, we fail to realize that we often incur more expenses, taking this route. Although there are several other cons with purchasing these tools individually, we may not outline them in this post.

Rather, we will go through the best solution there is, kitchen appliances sets.

Purchasing the full set of kitchen appliances designed for a specific activity (like grilling or baking) will save a whole lot of stress. Because in the long run, cooking is meant to be fun.

At least, it is often considered a hobby by a handful of female folks.

So below are the best sets of kitchen appliances there is for every category, with their prices on e-commerce platforms inclusive.

Best Cooking Appliance Set

According to popular opinions, endorsements, personal experience and reviews, the Cuisinart 7-Piece Assorted Set takes the spot. Cuisinart is one of the most highly-respected and popular kitchen brands out there. This assertion is based on their reliable and high-quality tools which has been confirmed by its 4.8-star rating.

The 7-piece set includes a slotted spoon, a regular spoon, a spatula, a ladle, a spaghetti server and a skimmer. It makes this kitchen appliance set versatile, covering pretty much every rudimentary cooking activity.

Price: US$50

 Best Appliance Set for Camping

One of the fun things to do while camping remains cooking. Well the Life 2 Go Portable Outdoor Cookware Kit takes care of all your camping needs asides cooking.

This kit contains a spatula, tongs, knives, a serving spoon and fork, a scissors with an in-built bottle opener, a small cutting board and more. It basically ensures you are set for any cooking scenario while out in the woods.

Price: US$26

 Best Silicone Kitchen Appliance Set

Silicone tools are often highly sorted-after for as a result of their durability and heat-resistant qualities. Basically, their ability to resist heat also makes them resistant to scratches. 

But considering the high level of imitation out there, if you ever decided to pick one, your best bet would be the Le Chef 6-Piece S Tip Set.

This kitchen appliance set comes with 6 utensils in a bid to cover every basic kitchen need. And more importantly, these tools are dishwasher-safe.

Price: US$35

Best Baking Kitchen Appliance Set

These days, kitchen activities go beyond the conventional cooking, fr­­ying, and roasting. Baking has become a safe haven for most female folks. A means to ease off stress for some, a fun activity for others and a means to generate income for at least 50%.

Well for which ever category you fall in, a perfect set to try out is the Oannao 9-Piece Silicone Spatula set.

This piece covers a wide range of vital baking tools such as multiple sizes of spatulas, whisks, brushes and so on.  It is also produced with BPA-free and food-grade silicone materials which make them heat resistant.

However, two factors make them stand out from other sets, their durability and their inability to retain food smell.

Price: US$16

Best Non-Stick Kitchen Appliance Set

The Anolon SureGrip 6-piece set is your best bet under this category. Tons of reviews confirm that this set outranks silicone-made tools due to a number of reasons. The most prominent which hangs on its ability to handle cooking on non-stick pan.

Other attributes similar to the silicone set include their soft-to-touch handles, and a sturdier design which also makes them heat-resistant and dishwasher-safe.

The set is also available in grey, black and brown colours.

Price: US$40  

Best Wooden Kitchen Appliance Set

Olivewood meet several requirements for cooking appliances. Wooden sets may not sound like a popular choice for kitchen appliances, but that idea is relative.

A considerable number of individuals think of them as the best option, largely because of how nice they look.

However, unlike several wooden sets, Tramanto Olive Wood 5-Piece set is designed to meet the need of every Wooden-appliance lover out there. They do not absorb odour and can be washed severally without fear of splintering or cracking.

But like I mentioned earlier, Olivewood features tools with one of the loveliest designs. The Tramanto 5-piece set includes a nicely curved, slotted and flat spatula, a spoon, a corner spoon and so on. And more importantly, they produce these pieces with top-quality and genuine olivewood.

Price: US$38

Best Stainless Steel

The Chef Craft Kitchen appliance set ranks as one of the best-selling products on Amazon. It covers pretty much every tool you would need as a home cook.  Furthermore, they are produced from rust-resistant and durable steel; something you might want to keep in mind considering the popular fear for steel appliances.

The 6-piece set also come with comfortable handles that make it easy to hold for extended durations.

Price: US$20

Best Grilling Appliance Set

Any set outside the Cuisinart 20-piece Grill set would totally ruin your grilling experience. Part of the reason being that it has a 4.8-star rating on one of the most recognized e-commerce platforms. Also, it covers basically every tool you would need to prepare a pleasant meal on the grill.

These tools include skewers, spatula, tongs, basting brush, digital temperature fork, corn cob holders and a cleaning brush (a replacement head inclusive).

Additionally, the tools fit into a portable, light weighted aluminium kit that makes storage very easy. 

Price: US$70

Best Bamboo Kitchen appliance set

One of the benefits of a bamboo set in your kitchen is that it prevents damage of your pans. Activities like stirring clumpy pastas, flipping hefty pancakes and so on, becomes less detrimental to your cookware.

This is because bamboos are naturally gentle, so this keeps them from scratches and damages in the long run.

Price: US$25

Kitchen Appliance Bundles

Kitchen appliance bundles are a lot different from kitchen sets. Bundles feature multiple sets in them.

So it is safe to say that, kitchen appliance bundles are a combination of several kitchen appliance in sets or individually. In other words, a bundle could cover up to 3 or 4 kitchen sets, which means they basically cost higher than individual tools or sets.

However, while sets could contain different tools like we have mentioned above, they could also contain similar tools; in different sizes though. Examples of these sets include pot sets, pan sets, kettle sets, cooking spoon sets, knife sets.

And for the most part, kitchen appliance bundles tend to feature these kinds of sets. But speaking from experience, I have come to understand that sets aren’t the only tools you find in kitchen appliance bundles. E-commerce platforms now go beyond the norms to include tools like gas burners, cylinders, pressure cookers, toaster ovens, and a couple of other small kitchen appliances.

How Kitchen appliances bundles are picked

Basically the idea of kitchen bundles hardly follow a specific pattern. And choices of the tools that appear on these bundles are largely based on the discretion of e-platforms. A deep research into what customers need influences this action. Though, these choices are restricted to just kitchen sets and small kitchen appliances.

Consequently, some kitchen appliance bundle may contain just sets, others, small kitchen appliances and others, a combination of both. The only con however, is the perception that their prices are unreasonably high. Well, to an extent they have to be considering the fact that they cover a combination of several kitchen tools.

But in realty the idea behind kitchen appliance bundles is to get you tons of kitchen appliances for less. A detailed analysis geared at purchasing these tools individually will help you see that. 

There are several kitchen bundles on the net to pick from, an example below should give you a clue as to what to expect.

small kitchen appliances, kitchen appliances sets, kitchen apploances bundles and packages

Kitchen Appliance Packages

Similar to bundles, kitchen appliance packages feature kitchen tools and appliances either in combination or individually. Kitchen packages also come with the aim of helping you get more for less especially newlyweds, regardless of how expensive these products may seem. They basically designed to help you save money.

But two major differences exist in this regard; the kind of kitchen appliances found in packages and the platforms or organizations responsible for putting up kitchen appliances packages.

Mostly kitchen appliances found in packages are often white appliances like refrigerators, washing machines, dish washers and so on. Furthermore, platforms or organizations responsible for putting up packages are often manufacturers of the products.

For example you could easily find some of the best kitchen appliances packages on the official websites for brands like Samsung, Bosch, Thermador, Beko and the rest of them.

On the flipside, packages are also flexible; i.e., you can decide exactly what appliance you want in a kitchen package. And depending on the weight of your purchase most brands are bound to give you a percentage-off or a freebie, like an additional free appliance.

While there are tons of kitchen appliance packages on the net to leverage, the list below should help you narrow down your choices. According to Dadong, these are the best kitchen appliance packages for 2021.

Samsung Side-by-Side Package

Samsung Counter Depth Package

GE Profile Total Whirlpool Suite

KitchenAid French Door Package

Jenn-Air Counter Depth Package

Beko Counter Depth Package

Bosch Slide-In Kitchen Package

KitchenAid Freestanding Package

Thermador 30-Inch Kitchen Package

Jenn-Air Professional Bundle

Dadong.com

Best time to buy Kitchen appliances

Every single time we go out to get tools or appliances, the game plan is always to get the best qualities at great prices. Most times a part of us wish we could to get them at prices that sound almost free.

Well now you can have that!

Regardless of whether you decide to get these appliances individually, or get them in sets, bundles, or packages, certain times during the year get you these wishes. They are regarded as the best times to buy kitchen appliances. They include;

  • Presidents’ Day
  • July 4th
  • Memorial Day
  • Labour Day
  • Black Friday (or anytime in November)

N.B: While it is possible to get these kitchen appliance packages from different brands it is advisable to stick to a brand for uniformity and maximum efficiency.

Conclusion

Kitchen appliance sets, bundles and packages are always a great way to save money with their qualities intact. Hope this post helped you figure out how to go about getting your kitchen appliances.

You can reach out on the comment section for more info.

Continue Reading

Business

LAUNDRY PRODUCTS: List Of Best Laundry Products

Published

on


In this post, we will discuss laundry products and all you need to know about them ranging from Definition of laundry products, laundry products list, types of laundry products, best laundry products list of laundry materials, laundry products brand, Ecolab laundry products, types of detergent, and laundry products online. Have intentions to start a laundry business, we have written a well-detailed laundry service business plan by our MBA professionals with accurate market analysis. This business plan would help get your market share to earn up to 14 million annually no matter the competition. Click on laundry service business plan to get it


Table of Contents

DEFINITION OF LAUNDRY PRODUCTS

 Definition of laundry products is seen as a cleaning agent [Detergent] used for doing laundry. Powder and liquid are the only forms of detergent, which is equal in the market for washing clothes and other fabrics. The definition of laundry products in this post is not only centred on detergents which is the most common.

 Detergent is a type of laundry product. There is no much difference between detergent and soap, both are laundry products. And in our homes today, detergent speaks more for laundry than soap because most cleaning agents mostly come in powdered form and it is more efficient.

Download: Laundry service business plan [+3years financial projections]

 The definition of laundry products is not far from been man-made derivatives example detergent. A detergent is surface-active which means it dissolves dirt faster. Soap is made out of plant oil [coconut, palm, and pine, vegetable] or acid obtained from animal fat.

When one mentions the definition of laundry products, most people think of detergents well in the case of soap detergents are more preferred for soap. Definition of Laundry products in these modern times contain line-ups of chemicals that make the clothes look nice and remove accumulates dirt faster.

LIST OF LAUNDRY PRODUCTS


Laundry products are products mainly for laundry as we discuss above also cleaning agents that are in form of both powder and liquid form. List of laundry products is the variety of laundry products you will need to know about. Some of the list of laundry products used in places for cleaning include:

#1. Detergents

#2. Soaps

#3. Bleach


#4. Laundry booster

#5. Stain remover

#6. Optical brighteners

#7. Fabric softener

#8. Shampoo

#9. Water softeners

#10. Home remedies

These 10 list of laundry products should start up your laundry activity depending on your preference and also type of your clothes. You need the best list of laundry products suitable for your type of fabric. 

TYPES OF LAUNDRY PRODUCTS

The above list of laundry products are also the types of laundry products but we will rather break them down to enhance more understanding and familiarity.

The different types of laundry products have their effectiveness solely on their own, they have different specialties present in each as well as its purposes that they serve. Types of laundry products will just be the right information you need before making that laundry shopping.

In this post, we will discuss these types of laundry products separately in their different properties and they include as follows:

Read Also: 12 Must have Laundry Equipment for every successful laundry business

Detergent

Detergents are special powerful cleansers that can break up dirt, grease, and oils in clothing and even dishes. This cleaning agent differs from soap but can as well crucify oil and hold dirt in suspension.

Detergents are becoming more popular more than any laundry product as they save stress and money as they can be poured into the machine automatically. There are many different kinds of brands that produce detergent these days and every detergent claims to contain a special composition.

The compositions of a detergent is simply a mixture of raw materials that are classified into different types based on their functions and properties.

Raw materials for detergent

Builders, fillers, surfactants, bleach and enzymes also in some cases whitening agents are added.

 In recent times there has been a gradual increase in the use of liquid detergents which isn’t the case before as detergent usually appears in powder form.

Read Also: Dry cleaning business: How to profit from one

Detergents appear in two forms that are anionic and non-anionic detergent. While some detergents are a combination of the two types.

Anionic detergents

Anionic detergents are the detergents in powder form. They are good for natural fabrics like cotton, linen and removes oily stains. These detergents contain fatty derivatives of aromatic sulfonic acids in them.

Non-anionic detergents

These ones appear mostly in the liquid form and as such, they do not form too much. Non-anionic detergents are good for cleaning synthetic fabrics and they as well function well in removing oily soils and work effectively in hard water.

Phosphate free detergent

Phosphate free detergent causes ecological damage, because of the chemical it pollutes lakes,bays and stream.

Enzyme detergents

Enzyme detergents serve as good stain removers, you can typically say these are the best stain removers because they remove protein stains like bloodstains.

Presoak detergents

Good loosen for hard stains, using this detergent you could soak clothes prior to cleaning just to loosen the hard stains and get good results on even hard stains.

Hand washing detergents

These detergents are used for hand laundry services and woolen clothes. Their properties take care of the properties of the fabric that they carter for.

Soap

Using soap with hard water will make deposits on clothes when you only have access to only hard water. Soap is a salt of a fatty acid.

Soaps are not as effective as detergents especially with special materials like nylon, polyester, spandex, and acrylic which is why it isn’t suitable for washing machines because of scum.

Although can remove the scums of soap if you are hand washing and rinsing many rinses. Therefore if you like hard labor and don’t mind extra stress then you can practically use soaps.

Bleach

Bleach is a general name for any chemical product that can industrially and domestically remove stains. There two types of bleach and they include:

Chlorine bleach: This type is a really strong bleach, it can whiten fabrics effectively but weaken fabric fibers so avoid using this bleach for fabrics like silk, wool or spandex, elastic, and Lycra.

Oxygen bleach: Oxygen bleach whitens fabrics and also are color-safe even more gentle on fabric fibers. Most people prefer oxygen bleach to chlorine bleach.

LAUNDRY Booster

Laundry boosters are good aids to detergents because they help improve their performances as well as aids in stain removal. They do well on bright colors of clothes and aid in water softening as well. Laundry booster is like additions to the detergents and a force push.

STAIN REMOVERS

The stain remover is a product used in removing stains from fabric. It is a combination of alcohol, detergents, enzymes, and mineral spirit. They remove stains on clothes thoroughly without even fading the colors of the clothes.

OPTICAL BRIGHTENERS

They are additives that white appears whiter mainly because they absorb ultraviolet light from the sun or from fluorescent fixtures and emit them as blue light. It’s possible to also use bluing agents if you wish but in a separate final rinse to get the same effect.

FABRIC SOFTENER

Fabric softener is a typical fabric softener. It reduces static build-up in the dryer and also prevents clothes from tangling with each other.

It reduces wrinkling and results are that your bed sheets comes out soft, towels come out fluffy while your blouses are almost wrinkle free.

HAIR SHAMPOO

Most people use hair shampoos as cleansers to wash their clothes, however, not all shampoo is effective while some are not suitable for fabric fibers because they contain ingredients like oil conditioning. If they really contain oil conditioning? They will definitely leave an oil residue on your clothes.

Related: How to build a million-dollar laundry business from scratch (+ business plan and case study)

The shampoo is mostly used for handwashing natural fibers, let the shampoo to be used for fibers if the shampoo contains ingredients like lauric acid, palmitic acid, myristic acid, and stearic acid because they are good agents for clothes.

WATER SOFTENERS

Really not every home is lucky to have access to soft water like some, most homes only have hard water as their only option. These hard water are as a result of minerals present in the water, so these clothes don’t do great in hard water. They rather appear too dull and white clothes will look grey after some time.

Water softeners are added to water mainly to change the hard water to soft, and water softeners are available as tablet and put in each wash.

HOME REMEDIES

Most materials used to clean stuff at home like washing soda, baking soda, lime, hydrogen peroxide, dishwashing liquid, and vinegar can also be used to wash clothes.

There are many home remedies we use in our homes that we possibly do not know its other value like the dishing washing liquid could actually serve as a spot remover, especially oily spots.

BEST LAUNDRY PRODUCTS

Best laundry products for laundry are many and can be gotten anywhere even online. Some of the best laundry products include:

TIDE ULTRA STAIN RELEASE

It is in a liquid form . It is color safe it works great on washing machines. It is toxic.

PERSIL PROCLEAN STAIN FIGHTER

It is also one of the best stain fighters and in liquid form as well. According to research Persil proclean stain fighter removes 2% stain more than tide ultra-stain release which makes it the overall best. It works great on all machines. And with Persil proclean stain fighter it is sure that your laundry stays bright.

KIRKLAND SIGNATURE ULTRA CLEAN

Kirkland signature ultraclean cleans stain half as much as other detergents. It works well on standard machines.

TIDE ULTRA STAIN RELEASE FREE

Tide ultra stain release free is also capable of removing stains and greasy stains. It is free from dyes and perfumes which makes it perfect for sensitive skins. It works well with regular and high-efficiency washing machines.

LIST OF LAUNDRY MATERIALS

Laundry materials are chemicals or products used to wash. Below are the lists of laundry materials.

1. Detergent powder

2. Detergent cake

3. Laundry liquid

4. Stain and odour removal

5. Fabric softener

LAUNDRY PRODUCT BRANDS

There is a wide range of brands that sells laundry products. Each brand tries to make their laundry product brands different by adding particular ingredients to make it stand out among its competitors. Both online and physically you should know genuine laundry products brands to purchase from.

Each laundry product brands have available a wide range of laundry products you could choose from while some of these brands run their businesses too online.

Some example of these laundry products brands include:

SEVENTH GENERATION FREE AND CLEAR LAUNDRY DETERGENT

It does a better than average job of removing stains. This also has many products like stain remover and fabric softener.

This comes in liquid form. however, it makes it suitable for sensitive skins. It is a natural laundry detergent.

TIDE ORIGINAL HIGH EFFICIENCY LAUNDRY DETERGENT

Tide comes both in liquid and powdered form.  There are many types of different products of the tide and all are very efficient and removes stains and greasy stains. It keeps the colors bright both white and other colors. It helps keep your white and other colors colorful.

PERSIL PROCLEAN ORIGINAL

It removes about 2% stain more than the tide, it has a clean smell. It has a high level of cleaning ingredients to remove tough stains.

ALL LIQUID LAUNDRY DETERGENT STAIN LIFTER

It fights off stains and leaves your clothes clean and fresh all day long. It does not contain perfumes or dyes. It is suitable for babies and people with sensitive skin.

GAIN AROMA BOOST LIQUID LAUNDRY DETERGENT

It is harmful to the environment and has an adverse effect on hormones. It can cause eyes and skin irritation.it works on all machines. It leaves a long-lasting fresh scent after laundry.

ARM AND HAMMER PLUS OxiClean ODOR BLASTERS LAUNDRY DETERGENT

It eliminates tough stains.

TIDE SIMPLE CLEAN AND SENSITIVE LAUNDRY DETERGENT

It does not contain the number of stain fighters that you find in your regular tide and does not perform closely as well. It has a clean fresh smell and it is suitable for sensitive skin. It is also safe to use on babies.

PUREX LIQUID LAUNDRY DETERGENT PLUS

Purex does not contain the ingredients to work on strong stains but it can remove light stains completely. It does not contain bleach so it is safe on colors.

WOOLITE ALL DARK LIQUID DETERGENT

It is a mild laundry detergent without any powerful ingredient and it removes stain as well. It can remove light stain likes on clothes worn to work and light setting function.

EARTH FRIENDLY PRODUCT ECOS LIQUID LAUNDRY DETERGENT

It is safe for standard and high efficiency machine and it is suitable for all water temperature.

ECOLAB LAUNDRY PRODUCT

Ecolab laundry products is an industry that offers water, hygiene, and energy technology even service to provide and protect clean. The eco lab laundry products ensure indirectly safe food and abundant energy. Ecolab laundry products are the basic knowledge I will discuss here.

The ecolab deals with laundry products and detergent in different forms like:

ECOL AB SOLITAIRE CONCENTRATED SOLID DETERGENT

Its formula dissolves strong food soils and goes through thick grease. It is a concentrated manual pot and pan detergent. This Ecolab laundry product is good for thick stubborn dirt.

ECOL AB 6101848 TR-STAR LAUNDRY DETERGENT PLUS

These Ecolab lab laundry products can provide you with clean and bright linens, removes cosmetics and oil stains. It dissolves tough stains and enhances performance with this liquid built laundry detergent that accepts a concentrated surfactant with a water conditioning package and optical brighteners.

ECOLAB 6101203 SMARTPOWER RINSE ADDITIVES ALL PURPOSE 2 PER CASE

It is a machine ware made specially by Ecolab for laundry activities and it performs activities of its features like washing rinse additive used in normal water. The eco lab made this laundry product 99.7% phosphate-free.

TYPES OF DETERGENT

There are several types of detergent that you probably don’t have knowledge of perhaps because they are too common with different brands. Types of detergent and what they contain are what we will discuss in this part of the post. The different types of detergent include:

Anionic detergent

Cat-ionic detergent

Non-ionic and zwitter ionic detergent

ANIONIC DETERGENT: Fatty acid is a type of detergent that is a naturally anionic detergent. It has a negatively charged sulphate groups as a hydrophilic head. It is also a cleansing agent that carries a net negative charge, it does not ionize when placed in water.

Sodium lauryl sulfate and sodium pareth sulfate are some of the examples of anionic detergent. Soap is an anionic surfactant.

CATIONIC DETERGENT: It is a net positive charge. They can cause serious harm to the body.it can cause irritation, they are synthetic and oral intake can lead to death. It often has bactericidal properties.

NON-IONIC AND ZWITTER IONIC DETERGENT: Non-ionic like anionic is a net negative charge and cationic is a net positive charge nonionic detergent is a net neutral charge. zwitter and non-ionic detergent have the ability to break protein interaction.

It has no electric charge molecules. It is resistant to the hardness of water deactivation and its good use in laundry detergent, toilet bowl cleaner, and many others. Zwitter ionic have features of both ionic and non-ionic types.

A particular type of detergent differ from another by its contain mainly then its functions as well.

LAUNDRY PRODUCT ONLINE

 Laundry products like Ariel automatic washing machine detergent powder, Radiant detergent powder, sunlight infinite pack are all available for purchase online. There is a wide range of brands producing laundry products that are online although mostly detergents and you really have a wide option to choose from.

On the internet today, there are lots of websites that have made these laundry products available online thereby easing stress and discomfort. The sale of these products online is also a marking strategy to boost sales

I will outline a few of the websites where you can get the aforementioned list of laundry products online and their links so it could be easy for you to purchase. Please note that we have no affiliate relationships with them whatsoever. Some of the websites include:

Minimart.ng

Jumia

cleanitsupply

Costco

Tide

These are websites you could purchase laundry products from and it’ll be delivered to your doorstep. Sales of laundry products online serve as a means to manage your products and still be able to reach a range of consumers while marketing.

Conclusion

Laundry products knowledge is basic because most of our daily activities include laundry as well as laundry activities. Well if laundry is worth doing then it should be done well and the knowledge containing in this post is the right knowledge of laundry products for you. However, if you want to launch a laundry business, you need to get this laundry service business plan with 3+ years of financial analysis to help you start earning right away

Continue Reading

Business

Financial Institutions: The A-Z Guide With Top 10 Examples (+ quick easy tips)

Published

on

financial-institutions

Financial Institutions are a part of our daily lives. This is because almost everyone living in a developed economy has a need for the services of financial institutions.


They encompass a broad range of business operations within the financial sector including banks, trust funds, credit unions, underwriters, insurance and investment dealers.

So, if you’ll like to learn more about financial institutions, then you just got lucky as this article will teach you all you need to know about financial institution, its types, importance, and functions.

Let’s get started!

What are Financial Institutions?

Financial Institutions are businesses that focuses solely on financial and monetary transactions such as loans, deposits, investments and currency exchange.


According to Wikipedia, financial institutions, otherwise known as banking institutions are corporations that provide services as intermediaries of financial markets.

Hence, you can say that financial institutions are responsible for the supply of money into the financial market. Without them, no financial transaction can happen.

Large financial institutions such as JP Morgan Chase, HSBC, Goldman Sachs or even Morgan Stanley can control the low of money in an economy.

Furthermore, almost everyone deals with various financial institutions daily. Whether it is depositing money, applying for loans, exchanging currencies, investing into the stock market, or acquiring a new venture.


Thus, this makes them very important to the economy of a nation, and governments personally oversees these institutions.

Importance of Financial Institutions

Financial institutions are very important factors that contribute to the growth or failure of the economy of a nation. Hence, they are very crucial factors.

Below are some of the highlighted importance of financial institutions

  • Firstly, financial institutions promotes direct investment by the customers
  • Secondly, they explain all the risks associated with financial transactions to their customers
  • Thirdly, they provide various kinds of financial services to their customers
  • Next, financial Institutions helps in forming the liquidity of the stock in case of an emergency
  • Finally, they are known to provide an attractive rate of return to their customers

Functions of Financial Institutions

Financial Institutions perform a wide variety of financial functions to its customers. It involves a wide range of business financial activities including trust funds, banks, insurance companies, brokerage firms, and investment dealers.

Below are the functions of financial institutions.

  • Financial institutions provide loans and advances to customers.
  • They serve as a depository for their customers.
  • They offer high rated consultancy to the customers for their beneficial investments.
  • Some financial institution offers a high rate of return in the case of investment.
  • They help to minimize the monitoring cost of the company.
  • All the finance related work is done by the financial institution or on behalf of the customers.

Types of Financial Institutions

Financial institutions offer a wide range of products and services for individuals and commercial clients. Hence, they vary by size, scope and geography.

There are three major types of financial institutions. They are;

  • Depository Institutions
  • Contractual institutions
  • Investment institutions

#1. Depository Institutions

These are financial institutions that accept and manage deposits and make loans. A depository institution provides security and liquidity in the market, uses money deposited for safekeeping to lend to others, invest in other securities, and offer a fund transfer system.

Hence, they must return the deposit in the same order it was given.

Additionally, they serve as a connection between the public companies that issue financial securities and the investors or shareholders.

Depository institution includes banks, building societies, credit unions, trust companies and mortgage loan companies.

RELATED POST: Financial Planning: Overview, Types, Importance, Concept (+ Free PDFs)

Functions of a Depository

Below are the functions of depository institutions according to corporate finance institute.

#1. Serves as a link between the public and investors/shareholders

A depository financial institution functions as a connecting link between the public companies that issue financial securities, and the investors or shareholders. The securities are issued by agents associated with depositories, who are known as depository participants. The agents are responsible for transferring the securities from the depositories to the investors.

#2. Eliminates risk related to owning physical financial securities

A depository institution allows traders and investors t hold securities in dematerialized form; thus, eliminating the risk related to holding physical financial securities. The buyers and sellers now do not need to check whether the securities have been transferred successfully without any loss or theft. The depository system reduces such risks by allowing the securities to be held and transferred in electronic form.

#3. Allows the provision of loans and mortgages to interested parties

A depository holds the securities of customers and gives them back when the customers want. The customers receive interest on the deposits, while the depository earns even more interest by lending the deposits to other people or businesses in the form of loans or mortgages.

#4. Accelerate the process of transferring securities

When a trade occurs, a depository transfers the ownership of securities from the account of one investor to another. It helps in reducing the paperwork associated with the finalization of a trade and accelerates the process of transfer of securities.

Types of Depository Institutions

As mentioned earlier, the following are the main categories of depository financial institutions.

#1. Banks

A bank is a financial institution that accepts deposits from the public and creates a demand deposit while still making loans.

The bank can decide to lend directly or indirectly through capital markets. Banks can either be commercial or cooperate banks. However, we will stay within commercial banks.

The range of services offered by commercial banks depends on the size of the banks. For smaller banks, their services are limited to consumer banking, small mortgages, simple deposits and loans.

However, for larger banks, their services can include foreign exchange-related services, money management and investment banking.

#2. Building Societies

A building society is a financial institution owned by its members as a mutual organization. They offer banking and related financial services, especially savings and mortgage lending.

Building societies are similar to credit unions in organizations.

More so, rather than promoting thrift and unsecure business loans, building societies provides home mortgages to its members.

#3. Credit Unions

Credit unions are financial cooperatives owned ad controlled by the members of the group. It operates on the principle of people helping people, providing its members credit at competitive rates, as well as other financial services.

The profits are either paid to the members as dividends or reinvested into the organization.

Since credit unions are non-profit institutions, they pay no federal or state tax.

#4. Trust Companies

A trust company is a financial institution that acts as a trustee or agent of trusts and agencies. It can be owned or owned by a bank or law firm.

A trust company manages investments, keeps records, manages assets, prepare court accounting, pay bills, medical expenses, charitable gifts and other distributions of income.

#2. Contractual Institutions

Contractual institutions are financial institutions that get their funds through contractua agreement.

Usually, when they obtain these funds, they invest them into the capital markets. Also, Contractual institutions have a steady inflow of funds from their contractual agreement, hence, they don’t experience difficulties with liquidity.

This makes them perfect for investors, as they can make them long-term investments in securities and common stock.

More so, they can predict their liabilities, fairly accurately and thus they don’t have to worry about losing funds.

RELATED POST: PRINCIPLES OF FINANCE

Types of Contractual Institutions

The following are the main categories of contractual institutions.

#1. Insurance Companies

The most familiar non-bank financial institution are insurance companies. They are the oldest form of financial services and hey provide insurance to either individuals or corporations.

There are several types of insurance companies, but the most popular under this category are the life insurance companies.

Life Insurance Companies

Life insurance companies sell life insurance policies that protect the beneficiaries against financial hazards that follow the death of the insured person.

Depending on the contract, other events such as terminal illness or critical illness can also trigger payment.

The policy holder ( insured person) typically pays a premium, either regularly or as one lump sum. Other expenses, such as funeral expenses, can also be included in the benefits.

These financial institutions acquire funds through payments of premiums by individuals who pay to keep their policies in force.

Life insurance companies can calculate liabilities with a fair degree of accuracy using mortality tables. As a result, they use funds to buy longer-term securities—primarily corporate bonds and mortgages. 

#2. Pension Fund

Pension fund is any plan, fund, or scheme that provides retirement income. They usually have large amounts of money to invest and are the top investors in listed or peivate companies.

Additionally, Pension funds are very crucial to the stock market especially there’s a large number of institutional investors.

The Federal Old-age and Survivors Insurance trust Fund is the world’s largest public pension fund which oversees $2.72 trillion USD in assets.

#3. Investment Institutions

Investment institutions, as the name implies are financial institutions that are focused on investments.

They know which security, or stock market to invest in and can guarantee rate of return on an investment.

Generally, they facilitate investments in financial assets by individuals and institutions by pooling resources and investing them according to desired objectives.

Types of Investment Institutions

The financial institutions under this category are;

  • Investment banks
  • Underwriters
  • Brokerage firms.
#1. Investment Banks

Investment banks specialize in providing financial services designed to improve business operations, such as capital expenditure, financing, and equity offerings, including initial public offerings (IPOs).

According to Wikipedia, an investment bank is a financial services company or corporate division that engages in advisory-based financial transactions on behalf of individuals, corporations, and governments.

Traditionally, investment banks are associated with corporate finance, and assist in raising financial capital by acting as a client’s agent in the issuance of securities.

More so, an investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, and FICC services ( fixed income instruments, currencies, and commodities).

While an investment bank is also referred to as a regular “bank”, its operations are entirely different and big companies depend solely on them.

RELATED POST: CORPORATE FINANCE: The Complete Guide (+ free courses)

#2. Underwriters

Another type of investment financial institution is Underwriting services. Underwriting services are provided by some large financial institutions and involve a situation whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such a deal.

An underwriting agreement may be created in different situations like insurance, issues of security in a public offering, and bank lending.

#3. Brokerage Firms

Brokerage firms are financial institutions that help you buy and sell securities. They act as the middle man between the buyer and the seller of the securities and become the principal party to the deal.

Depending on the brokerage firm type you choose, you can either buy securities through telephone, smartphone, or internet.

Also, brokers can represent the buyer or the seller but not the both at the same time. And they are very crucial in the purchase of financial instruments.

Usually, brokers have the tools and resources to screen potential buyers and sellers for the perfect match. This is because, they are compensated by commissions after a successful transaction.

Brokers are generally cheap especially in smaller markets with smaller accounts, or with a limited line of products.

Wondering which financial institution to work with? Let’s go over the top financial institutions in the world below.

RELATED POST: Student Finance: Grants, Loans, Applications (+ How to Start Guide)

List Of Financial Institutions

There are several financial institutions in various countries of the world. However, only a few make it to the top as some of the best financial institutions.

Below is a list of the top financial institutions in the world as well as their assets, capital, and revenue.

Bank (Rankings according to Accuity)

BanksAssets( $M)Capital ($M)
Industrial & Commercial Bank of China Limited4,319,862.0080,709.00
China Construction Bank Corporation3,649,392.0035,870.00
Agricultural Bank of China Limited3,569,338.0061,676.00
Bank of China Limited3,266,821.0042,236.00
BNP Paribas SA2,427,625.0030,358.00
China Development Bank2,367,945.0060,437.00
JPMorgan Chase Bank National Association2,337,646.002,028.00
MUFG Bank Ltd2,217,261.0015,830.00
Crédit Agricole SA1,982,329.009,705.00
Japan Post Bank Co Ltd1,950,237.0032,364.00

Insurance Companies (Rankings according to Insurance Information Institute)

Insurance CompaniesRevenue( $)Industry
Berkshire Hathaway254,616Property/casualty
Ping An Insurance184,280Life/health
AXA148,494Life/health
China Life Insurance131,244Life/health
Allianz130,359Life/health
Japan Post Holdings109,915Life/health
Assicurazioni Generali105,921Life/health
Prudential93,736Life/health
Legal & General Group90,615Life/health
Aviva89,647Life/health

Conclusion

Financial Institutions are all around us, offering different type of financial products or services.

So, as a customer you should first of all determine what type of financial service you want before choosing which financial institution you’d like to work with.

Additionally, it is imperative that you do proper research before investing your money in a financial institution.

I hope this post helps you.

Good luck!

PS: Don’t have a business plan yet? Or you’re still a bit confused about the idea of a business plan? Don’t worry, we got you! Click on the button below to have access to our list of workable business plans that has helped a lot of business owners in over 10 countries of the world.

Continue Reading

Trending

%d bloggers like this: