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The Process Of Selling Gold

Hello, I'm Ron Breckenridge. As a hobby, I refinish broken jewelry I find at thrift stores and pawnshops. The jewelry often features major faults that ruin the structure and finish of that piece. While performing the repairs, I remove a lot of gold and replace it with new materials. The gold I remove sits in a little jar until I can use it again. Every once in awhile, I come across gold I just cannot use. The gold is still good for other purposes, but doesn't work well for jewelry repairs. I save this gold until it fills up another little jar, and then I take it down to the gold buyers. I'm provided with a small stipend depending on its market price, which is awesome. I want to discuss the process involved with gold buying on this site. I will also explore other ways to obtain gold to sell. Thanks.

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The Process Of Selling Gold

Martial Arts School Owners Should Looking Into Improvement Loans

by Ruben Bailey

Taking out a major loan to open up a martial arts school seems unavoidable when opening a huge academy, but new business loans aren't the only ones important to such businesses. Martial arts dojos already in operation shouldn't dismiss the importance of requesting a small loan to cover certain costs. Martial arts schools can't ignore expenses that impact the signup of new students and keeping current ones enrolled. Cash flow can be tight, which holds back repairs and upgrades. Smaller loans provide a means to cover these expenses. One possible benefit exists with taking out a smaller loan. The loan leads to improvements that come with potential revenue generation.

Perceptions of the School

A school with worn mats, cracks in the walls, old and beat up equipment, and a lack of decorations doesn't exactly impress. Prospective students walking through the door probably won't sign up if the interior looks tattered. Taking out a short-term loan to cover expenses makes sense. Think about the following points about borrowing money:

  • Avoid Revolving Credit: Credit card financing may seem like an easy option, but the commonly high interest rates could create troubles for a small business owner. Additionally, secured collateral loans could come with even lower interest rates. The fixed repayment term on a personal or secured loan also allows for better repayment planning.
  • Audit the Expenses: "New" doesn't always mean "brand new." Purchasing well-maintained, second-hand equipment or other items for the school might be fine. Such purchases come with low prices. So, a $2,000 loan could cover more than you initially think. Shop around and look for deals. This way, the small loan goes a long way.
  • Examine the Possible Annual Return: On average, what is a reasonable amount of new students signed up over the term of the loan? With a 12-month, $2,000 loan, would the school pick up 10 new students paying $100 on a 12-month membership contract? The pre-tax gross from that comes out to $12,000 earned on the contracts. That would more than cover the $2,000 loan and the related interest.

Time the Best Loan

A deliberate path to finding the right loan with the right rates and terms makes sense. So does selecting the right time to take out the loan. Summers can be slow for martial arts businesses. The New Year usually sees a spike in interest. Take out the loan so upgrades and improvements can be done in anticipation of the busy season.

For more information on your options for loans, contact a local lender. 

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