How To Become A Stockbroker – What You Need

If you’re wondering how you can become a stockbroker, what you need is a job as a stockbroker at stock brokerage firms Merrill Lynch, Morgan Stanley, Charles Schwab or Fidelity. However, you don’t just walk into those companies and say you want to become a stock broker.

Back in the day when the stock market was really new, it was possible for just about anyone to work at a stock brokerage. These days, however, you need to prove to people (read: your future boss) that you can be trusted with other people’s money.

The first thing you need is a degree in a related course like finance, economics, accounting, business management. After graduation, it’s either you sign up as an intern with a stock brokerage firm or you pursue your MBA or both. The idea is to have something on your resume that proves that you have the necessary educational background to be very good at your job.

Between finishing your studies and moving on to your MBA, you should start to build your own stock portfolio and read books or else work with someone who is building his or her own portfolio. Do this even when you’re busy with your internship.

Again, the idea here is to prove to your prospective employer that you’ve gotten over the steepest part of the learning curve.

As a stockbroker, there are really only two career paths for you: full-service broker or discount broker.

A full-service broker is a very sales-oriented person and work with clients, giving them advice on which stock to buy or sell. He or she is also responsible for finding his or her own clients. A discount broker, on the other hand, assists in buying and selling but do NOT give advice.

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Characteristics of a Small Business with Good Credit


Imitation is the sincerest form of flattery. Small businesses trying to build up or improve their credit profile can do so my mimicking the characteristics of companies with good credit.


High Credit Score

Small businesses with good credit have high scores. Achieving a high credit score is a result of accumulating a strong credit history that is without negative factors.


Long Payment History

The optimal way to earn a high credit score and strong credit profile is to have a lengthy history of making payments to creditors and lenders. Payment history is one of the most significant factors in credit score models. A history of consistent, timely payments will go a long way toward building a good credit. Companies with good credit almost always have an extended payment history.


Multiple Credit Accounts

Companies with good credit frequently have multiple accounts. The reason is that several accounts (and various types of credit) demonstrate a company’s capability of servicing diverse lenders and creditors. Also, more credit provides greater opportunity to build a long payment history.


No Tax Liens, Judgments, or Collections

The absence of negative factors, such as tax liens, judgments, collections, bankruptcy, and other claims, is indicative of a company with good credit. The existence of one or more of these factors not only lowers a company’s credit score, it increases the financial risk that lenders are wary of.


Limited Inquiries

Companies with good credit do not have a large number of inquiries. These are credit checks that are performed by lenders and other uses of credit information. A high number of inquiries are suggestive of a company that is frequently applying for credit, and possibly being turned down often (the reason why a high number of inquiries are being run). Small businesses should know that certain types of inquiries, like unsolicited promotional offers by credit card issuers, do not count against a credit profile.


There’s no secret formula for obtaining good credit. Any company can build a strong credit profile. New businesses, as well as those with less than stellar credit, should try to mirror those that have a high credit score.

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Steps To Building Business Credit And Positive Credit Scores Before You Establish A Business



Credit rates right now are incredibly low and banks are eager to give people with solid business plans capital to start up their business. However to access that money you’ll need to work at building your business’ credit to make it an appealing target for investors. Banks and other lending companies will do their due diligence before deciding if your business is a worthwhile investment for their money. Here are a few tips for making sure you can get the money your business needs to succeed.


Have a Strong Business Plan

A business plan is a document that describes your business in detail: how it will function and succeed, what resources you’ll need, and a long-term plan for the business. Quick research can come up with several guides for composing a business plan that will appeal to investors. Remember, they haven’t been with you while you designed the business. You’ll have to sell it to someone and make them care about your idea.


Fill Out the Right Paperwork

Your small business, like a person, will require a lot of care and paperwork when it’s born. Remember to incorporate your business and obtain a Federal Tax ID #. This is the birth certificate and social security number for your business and will represent your business when you’re applying for credit.

You’ll also want to register with Business Credit Bureaus. These privately held companies function just like the big three consumer credit agencies. Business Credit Bureaus are an essential part of building business credit and allow you to directly monitor how banks and other lenders will perceive your company.


Consider All Credit Sources

There are a lot of different ways to obtain a line of credit for your small business. One of the first that comes to mind is the business credit card. Every credit card company worth trusting with your information will offer a business credit card structured differently from a personal credit card. These cards will have higher limits and lower interest rates and will frequently come with other tools to help keep your business running smoothly.

Vendor credit is another credit source that might work for your small business. Consult your vendors and ask about any credit programs they offer to companies that purchase from them. These vendor lines of credit attach you to a company that has everything to gain from your company’s success and can improve the relationship between your small business and your product supplier.

It is important to maintain diverse lines of credit as each credit type affects your credit rating in a variety of ways. Diversifying these sources of credit will insulate your business from the affects of defaulting on one credit type or any other fluctuations in payment.


Use Common Sense

Remember to build a solid payment history. All the diverse credit types in the world are worthless if your business doesn’t look like it can pay back its loans. Stay on top of your payment schedule and pay in advance if you’re able. Lenders will be more inclined to loan credit to a business that looks like it has everything together.

Also, remember to stay informed about changes in rates and credit types. Subscribe to newsletters or magazines that deal with this information and research it on the internet. Good credit is essential to building a solid business so you can’t do too much research on it.

With these tips in hand get out there and start building business credit.

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Be Sure to Apply for Backpacking Travel Insurance Before You Go Abroad


Insurance Company in Romford
205 South Street
Phone: 01708 753179


Why You Need Backpacking Travel Insurance



If you are planning a backpacking trip, whether it is just a short road trip or a much longer journey, you should invest in backpacking travel insurance. Policies are incredibly affordable, and they will cover you for everything that you could possibly have to worry about, including cancelled trains, lost luggage, injury while you away, illness, etc.


Backpacking travel insurance comes in both single trip and multi-trip forms, with tiers of policies for people who are going on a short journey and people who are going much further afield. The basic policies cover simple tourist trips. If you are going somewhere dangerous or planning to engage in high risk sports then you will need a different policy that caters to that.


A lot of people think of insurance as a stupid and unnecessary expense, but the truth is that it doesn’t cost a lot, and it could save you a fortune. If your mobile phone is stolen while you are away, and you rely on that for your tickets and access to your calendar and travel plans, what would you do?

backpacking travel insurance


Your travel insurance policy is one of the most basic lines of defence against the unexpected, and it is something that will help you to get home if things go wrong, or help you to replace essential items so that you can continue to enjoy your trip.


You can get insurance from a range of different providers. You might be able to get a really good deal from your home insurance provider, or the company that insures your car. Sometimes, credit card companies offer discounted insurance, or free insurance for travel within the country. Check the terms of your credit card to see what they offer.


When you take out a policy, be sure to check for any exclusions. This is particularly important if you are planning to go somewhere that could be considered hostile, if you are making several trips in the course of a year, or if you are planning on taking part in dangerous activities.


Check price comparison sites and compare the terms of a number of different insurance policies. There is no need to pay over the odds for travel insurance, but you should know that you cannot afford to not have travel insurance. You might be able to get away with not having travel insurance for a few trips, but one day something will go wrong. It is only a matter of time. When that day comes, the insurance that you have will pay for itself many times over.


This is true not just for backpacking insurance, but also for other types of insurance, such as things like home, car or health insurance. When everything is going well, you wonder why you are paying that premium. But when you are hit with a massive bill that the insurance covers, you realize that it was well worth it – almost like having a savings policy dedicated to that kind of expense.


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Business Solutions Toolkit



Increasing competition means your business needs to maximise its full potential in order to survive. This can only be realised through harnessing the power of your people.


Funding is now available to businesses with between 5 and 49 employees, through the Small Firms Initiative, to provide a comprehensive and practical review of your company’s training and business needs.



How does the programme work in practice?


  • A FREE review of your company is carried out to identify your business and training priorities
  • A report and recommended action plan will be produced to help move your business forward. This is worth £500
  • You will then receive advice and support worth £500 to help you implement the plan
  • You can then choose to go for assessment and recognition against the Investors in People (IiP) Standard. There is a £250 subsidy available if you achieve recognition


What are the benefits?

  • Your business will be better equipped to grow, boost profitability and financial and business performance
  • Your business will have a better awareness and understanding of the importance of people to the success of your business and the contribution they can make
  • Your business can achieve recognition against IiP, an internationally recognised quality standard
  • Your business will get discounted business information

How much does it cost?

To access this programme, there is normally an initial set up fee of £150. This fee is not being charged for those signing up to the programme before 31 March 2004. You will then receive advice and support worth £1250
The cost of assessment against the IiP standard. This is between £687 and £975 for companies with less than 50 employees, less your £250 subsidy

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Engaging Advisors for Business


It does not matter how talented or ambitious you are. If you are running a business, you need to contract advisors for business. They will become hand in helping you to get around certain obstacles or realities that may bring you down if they are not taken care of.

Advisors for business offer mentorship services. The advisors invest their time to serve the business. Similarly, the business must create time to invest in this relationship. This article gives you tips on how you can engage and manage the advisors.

It is necessary that you select the advisors based on their expertise. Any growing business requires a think tank to give it ideas that can help move the business to the next level. Unfortunately, most advisors for business with expertise in the line of your business may be too costly. However, if your business can afford to pay for their services, it is important that you consider hiring and engaging their services because they may be better placed to help.

When you finally get the best advisors for business, it is necessary that you state your expectations in your first encounter. Having a contract covering the details regarding equity, compensation and any other expenses not reimbursed is important. As stated earlier, engaging business advisors is a long term process thus it is necessary that you , have a clearly defined path to be followed and the guidelines to follow. The frequency of the meetings the phone calls and the number of hours that the business commits to the advisors must be stated in clear terms.


An Exit Strategy

It is important to develop an exit strategy in the preliminary stages. When you realize that your advisors no longer useful to the business, there should be an amicable procedure that should be followed to end the process. This is why it is necessary to define the course of action to take once you discover that the strategy you are employing is not working.

All said, it is necessary to ensure that you make the most out of the advisors. Figure out the areas you want your advisors to help, identify the right advisors who are skilled and experienced in that area before you engage them. The business must rip more from the relationship while the cost of keeping the advisors must be kept at the lowest. Be prepared to listen to their advice because most advisors will be honest if giving their views.

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The Benefits of Fleet Car Insurance

Fleet car insurance is used to cover four or more vehicles and it can provide a range of essential benefits. Does your business have a fleet of vehicles and are you considering getting those insured? This is one of the most important steps you’ll need to undertake.

Why do your fleet vehicles need to be insured? Here are some of the biggest benefits.

When the time comes, you’ll have to renew just one policy rather than deal with the renewal of several policies for all of your vehicles. Fleet car insurance gives business owners a lot of convenience and practical appeal.

Using fleet insurance is efficient and time-saving. You’ll be free from having to deal with tons of paperwork, getting more time to dedicate to essential corporate activities.

Reduced Expenditure
A single fleet insurance is much more affordable and cost-efficient than having individual policies for each of your vehicles.

Depending on the number of vehicles that you’d like to get insured and the company that you work with, it’s possible to get an incredibly lucrative deal that will make fleet insurance even more affordable.

Excellent Policy Conditions
Fleet insurance policies are created to give corporate customers a lot of usability. Insurance companies know that your vehicles are needed to do business. If something happens to any of the cars, you’ll be wasting time and potentially losing customers.

Many insurance companies will give you a temporary vehicle in case any of your cars need to undergo repairs. The accident circumstances and the insurance specifics will determine whether you’ll get access to such perks. This is why it’s very important to look for the right type of fleet insurance.

As a business owner, you need smooth processes and convenience. Fleet insurance guarantees those and the option is much more practical for companies than having an individual policy for each of the vehicles. Take your time to explore different quotes and to compare those side by side. Shopping around will enable you to benefit from the best conditions and the most affordable fleet insurance rates.

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Sell Used Car Online – Benefits of Using the Internet to Sell a Used Car

The number of people who are using the internet to sell used cars in Basingstoke is increasing. This is because the internet is best place for selling used cars. There are so many buyers online, and most people are using the internet to search for a used car. Therefore, you will get the following benefits if you sell your used car online.

1. It is Cheap

You will not spend a lot of money when you sell used car online. There are so many websites that you can use to advertise your car for free. The only thing that you will be required to do is to write a good advertisement. You need to make sure that the ad is very great, and it should provide the right information about your car. You will only attract the right buyers if you provide the correct information.

2. A lot of Buyers

The people who search for used cars online are so many. You will be able to attract buyers from all over the country. If you had written a good advertisement, most of these people will see it. You will never have to focus on only the people who live near you. You might get some people who live in another state, and they will contact you. They will buy the car if they love it.

3. It is Fast

Selling a used car is a very difficult thing. However, you will sell it quickly if you use the internet. There are some websites that have buyers who are always looking for used cars. This means that if you use these websites to sell your used car you will sell it quickly because the buyers are already there. You might sell used car online in one day if you use these websites.

4. Effective Marketing Techniques

If you have been selling used cars for a long time, then you know that it is very difficult to market the car. However, when you use the internet you will be able to know the marketing techniques that are effective and those that are not. Therefore, you will always use the effective marketing techniques to sell used car online easily, without wasting a lot of time.

These are benefits of using the internet to sell used cars. You can now make the right decision. If you choose to use the internet, then know that it is very cheap, and you will find a lot of buyers without wasting a lot of time and money.

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