Posts Tagged ‘Education’

10 reasons why an MBA in finance can transform your career

October 31st, 2022

You can choose from Marketing,Guest Posting Human Resources, and Finance as the three most popular MBAs. Which one should you pursue? Most MBA programs offer a finance track, which is considered to be the most valuable degree. There are a lot of opportunities in a wide range of fields, such as business, financial, investment, stock market, and insurance. The best MBA is in finance because of this.

An MBA in finance enhances management abilities, inventiveness, critical thinking ability, and many more. Students and professionals can gain real-time work experience that builds a strong career foundation, and financial industry experience enhances their understanding of the industry.
Why Study MBA in Finance?

Money, economics, and investments are words you must have heard before. Most people indeed hear the number-crunching sound in the back of their heads when the word ‘finance’ is mentioned, but it is not just about the numbers. Nowadays, MBA in finance is widely recognized as a rewarding career choice for highly qualified aspirants across the globe. This paves the way for a happy and settled life.
Here are 10 reasons why an MBA in finance can transform your career. 1. High in Demand

Accounting information is important for any industry, including advertising, public relations, IT, teaching, consulting, and real estate. A sound understanding of financial management will open doors to jobs in any field.
2. Lucrative Pay Packages

In accordance with Payscale.com, an MBA in finance degree holder earns an exceptional salary compared to other MBA specializations. In the business world, the finance department is considered to be well compensated. The Times of India published an article indicating that MBAs in finance top the list of most lucrative MBA specializations. As your level of experience and skill increases, your pay increases accordingly.
3. Chance to Explore Various Job Roles

Financial services have a tremendous range of job roles. The public as well as the private sector offers a wide variety of job roles. Among the examples are investor bankers, budgetary examiners, financial analysts, corporate bankers, hedge fund managers, personal financial advisors, and risk managers.
4. Ensures Holistic Development

In addition to simple general knowledge and advanced expertise in finance, the MBA in finance is designed in such a way that it exposes students to both. The manager stimulus, internships, and project assignments are ways of exposing them to both. Identifying their weaknesses is helped through these experiences. This is why students develop their personalities in general.

Why pursue an MBA in finance? In essence, it prepares students for tackling business organization challenges and backlogs. Additionally, it helps them deal with competitive situations confidently and with ease.

Franchise Finance in Canada – Financing Your Canadian Business Purchase

April 21st, 2022

Franchise Finance in Canada calls for both you as the owner, as well a lender, to, on a combined basis, complete the financing you need for a franchise acquisition. In Canada you could of course be acquiring a new turn key franchise from a U.S. or Canadian franchisor, or in many cases also considering the purchase of an existing franchise.

Several key questions are always table by our clients – inevitably they are:

-How much do I have to put into the business as my own investment?

-Where do the other funds come from?

And, oh yes, how long does the process take!

We always encourage clients to start thinking of financing very early in the process. A great place to start is often, guess who? Your franchisor! That is simply because if they have a multi unit system already in place they usually have a strong indication of how these franchises were financed. Information you obtain from the franchisor or other existing franchisees is invaluable, as the franchise financing journey is a puzzle to many.We also are quick to add that you should never expect financing assistance from a franchisor in the form of loans, etc – The franchisor grows their business from selling you franchises, not loaning you money.

In the U.S. the majority of franchises are financed via the SBA, which stands for Small Business Administration. This is a government sponsored / funded loan, and Canada has a similar program that is commonly known by several different names – they are SBL, CSBFL, and BIL. All of these are acronyms for the same program.

You should most certainly incorporate your business to both gain access to business credit as well as limit personal liability. Personal liability under the Canadian version of the program is limited to only 25% – that’s a great deal for the business owner, as it of course limits your risk.

Most franchises in Canada are financed via this program. Sounds good so far right. We simply point out to clients that achieving success in this financing program is simply a case of:

- ensuring you understand the basics of the program – i.e. what it does not do

- complying with the information required by the program

When planning your franchise financing focus on what amount you can contribute personally to the business, and also understanding the components of financing you need. What are those components? They are:

- Soft costs ( example – franchisee fees, pre paid rent, etc )

- Equipment

- Leaseholds ( if required )

- Working capital

We can’t over emphasize the need to work with an experienced and credible business financing advisor who preferably has a track record of franchise financing success. A thorough business plan, the right advice, and understanding you’re financing needs – all are critical elements to franchise financing success!