Free cash for your business? | money.cnn.com

When hunting for cash, desperate small business owners may find themselves sucked into buying books and software packages promising “Billions in Free Grants!” from Web sites with names like NeverPayItBack.com, or hiring consultants who promise to find them gads of money. All they’re likely to get, though, are empty promises.

Grants are rare, but the information you need to find and apply for legitimate ones is publicly available and free. For qualifying businesses, there really are opportunities to land free money from state, county and city governments, as well as private foundations and corporations.

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The Boy Can’t Help It | Peter Mehit

He heads upslope with purpose. He’s so focused that he steps over the spread out blankets and coolers, around the playing children and conversing adults without looking at them. He’s worked out an audio problem with speakers that flank a giant 100 foot wide inflatable movie screen and now he’s trudging back to the make shift projection booth with a scant twenty minutes to make sure all is in order for a screening of ‘Kung Fu Panda’.

Even while double checking connectors and dialing in the projector, he is aware of what his team is doing. It’s almost as if he has radar. Every so often he’ll stand up and use hand signals to communicate with one of his team down by the screen. Even with the occasional miscommunication, it’s pretty impressive.

Eventually the sun sets and the movie begins. About 2,000 people fill the bowl shaped park, settling in for the show. Hollywood Outdoor Movies has yet another successful program under its belt. This event, one of a series of publicity events for Bank of America, represents one several corporate events the company has done. The client list sports marquee clients any company would be proud to have: Dreamworks, Walt Disney, NASA, MGM, American Film Institute, AMC Theaters, KIA Motors and Univision to name a few. The business has broken a million dollars in top line revenue for the first time in 2011 and is seeking capital to quadruple that in 2012.

Continue reading “The Boy Can’t Help It | Peter Mehit” →

Consumer Borrowing Surges in Late 2011 | AllBusiness.com

Consumers were confident enough at the end of 2011 to push borrowing levels up by $20.4 billion in November, the Federal Reserve reported late Monday.

Outstanding consumer credit rose to $2.48 trillion during that month, the Fed said. That was the highest level since November 2001, and it was more than twice the predictions of economists surveyed before the report was released.

The credit increase corresponded with healthier employment numbers; people are more likely to borrow if they believe they will have the wherewithal to pay the money back without serious penalty. So, it is likely that the December credit levels are higher than they have been for the past several years during the recession and slow recovery.

Is Increase Sustainable?

Still, the increase might not be sustainable, so small businesses shouldn’t adjust their sales forecasts just yet.

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5 Reasons Why You Will Retire Broke and Unhappy | genxfinance.com

In a perfect world you will have enough money set aside so that come retirement day you have absolutely nothing to worry about. You’re free to carry out your plans without the added stress of wondering whether or not you’ll have enough money to pay the bills. Unfortunately, most people don’t have this luxury. Instead, they come to the realization that they can’t afford to retire and end up spending the later years in their life unhappy because they have to either keep working or simply don’t have enough money to do any of the things they had hoped. Here are five reasons most people will retire broke and unhappy.

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