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Debt Negotiation – Basic facts you should know!

Debt is something each one of us has to deal with. With the current tools we have in our hands for spending, there is not dearth of instances which will land us in debt. Debt can be comfortable to pay off, so far as it is manageable, otherwise it might turn out to be quite a nightmare. Paying off debt is another part and paying off the interest on the debt is a different matter all together. The more you are unable to pay, more you will keep going down in the debt bog. But this is not the end, you can solve all your debt problems if you can approach the perfect help in time.

So what is the solution you have to pay off the debt like an honest person? You have several solutions, but if you are currently facing bankruptcy, you can try debt negotiation, with the help of debt negotiation you can pay off at least the loan amount without the interest.

Whom do I approach of debt negotiation and how will they begin? There are debt negotiation services to do this job for you. It is their regular work, they regularly and successfully help out a lot of people who are in a financial mess like you. They cannot promise you instant respite, debt negotiation takes some time, since they have to study your case and negotiate the final debt amount with the credit companies, but they will surely help you out.

What is the immediate benefit of going through the debt negotiation process? The immediate benefit is that you stop receiving phone calls for payment of your debts. You also stop making payments to the creditors, and instead you start making payments to the negotiation services. The amount to be paid generally is decided by the debt negotiation services.

What will be the next step in debt negotiation? The next step in debt negotiation is that the creditors will make a study of all your financial reports, the debt negotiation services will show them enough proof that you do not have enough assets or no assets to cover up your debt amount, neither do you earn so much that you would be able to repay the debt. Any further pressure on your financial state would mean bankruptcy for you.

How do the creditors react to these reports? debt negotiation means negotiating the final debt amount with the creditors, this is the reason why debt negotiation brings you respite. Creditors agree to forego more than 40% to 50% of the total amount because they feel that they should get back at least some part of money, since they would not get any repayment if you went bankrupt. So all in all it is extremely profitable for you and you will be able to repay the loan a lot faster than you were paying before.

I was paying the debt negotiation services some amount each month, what is to be done with that money? debt negotiation services are the ones who will play middleman to reduce your total debt amount, the money you have been paying in the account of the debt negotiation services will be used by these services towards paying off the debt. It the loan amount is more than what has been collected so far, then you might be require to pay off the creditors for some more months, but it should not be a hassle for you anymore since the debt amount has been reasonably reduced.

Check these links to learn more:


http://www.commercialdebtcounseling.com

http://www.commercialdebtcounseling.com/business/business-y/business-index.shtml

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Sheryl Sandberg’s Timeline: Past, Present – And Future

She’s a blazing star in every sense of the word. At 43, Sheryl Sandberg’s life story reads like a bestselling novel. Now that Sheryl joined the billionaires’ club when Facebook went public earlier this year, what will her future bring?

Timeline, Facebook’s life story feature, received a lot of attention when it debuted in 2012, but it only covers the past and present. Does Sheryl’s own timeline include a future element? If so, how does she plan to invest her time, energy, and passion among the big buckets of work, family, friends, education, and service?

If Sheryl mapped out her work and service lives, from when she graduated from college in 1991 to her future senior years, it might have looked like this:

Life Title: WOMEN LEAD THE WAY

First Twenty Years – Ages 1-20 (1969-1988) – Laying the Groundwork

Grew up in Florida, always at the top of class. Attended Harvard College, majoring in Economics. Met professor Larry Summers, who became mentor and thesis advisor. Graduated from Harvard in 1991 and awarded Phi Beta Kappa.

Second Twenty Years – Ages 21-40 (1989-2008) – Building Public and Private Sector Foundation

Public Sector – Work at World Bank from 1991 to 1993, concentrating on health projects in emerging countries. Work as Chief of Staff to U.S. Secretary of the Treasury Larry Summers in Clinton Administration in Washington D.C. from 1996 to 2001.

Private Sector – Graduate from Harvard Business School in 1995 at age 27 as a Baker Scholar, the highest distinction. Work at McKinsey for one year as a management consultant. Leave private sector to work in White House for several years. Return to private sector in 2001 to join Google in Silicon Valley as Vice President of Online Sales and help start Google’s philanthropic arm, Google.org. Hired by Mark Zuckerberg to become chief operating officer at social media giant Facebook in 2008. Mentored Mark. Became national spokesperson for women in business.

Third Twenty Years – Ages 41-60 (2009-2028) – Putting It All Together

Help take Facebook public in 2012. Become a billionaire on paper at age 42. Facebook stock tumbles after the IPO. (The facts so far – now for the future imagined… ) Orchestrate a successful online advertising strategy that leads to strong revenue growth and a stock recovery. Leave Facebook in 2014 to create Women in Politics think tank. Write a memoir/activist book about women in business at age 46. Run for U.S. Senate in seat for California vacated by Barbara Boxer in 2016 at age 48.

As U.S. Senator, champion landmark bill to integrate solar panels into rooftops for all new housing construction. Run for President in 2024 at age 56. Become the first woman President of the United States. Pass Equal Pay Act to remove final institutional barriers to equal pay for equal work. Put Elizabeth Warren on the Supreme Court.

Fourth Twenty Years – Ages 61-80 (2029-2048) – Redefining the Post-Presidency

Second term as President of United States from 2029-2033. Pass Education Act to revamp K-12 public education to global leadership standards. After the presidency, start a foundation for encouraging women to campaign for peace in the Middle East. Travel the world to encourage and support women running for political office.

Fifth Twenty Years – Ages 81-100 (2049-2068) – Life Re-Imagined

Become an American Association of Retired Persons advocate for aging well through lifelong learning. Focus on use of virtual classroom training to foster global learning communities.

Graphic of Sheryl Sandberg’s Timeline

For some people, it’s easy to predict what their future will bring based on looking at their past and present. For others, it’s not so clear. One thing’s for sure; people who are able to imagine and articulate a positive future for themselves are far more likely to make it happen. What’s on Sheryl’s private life map? She hasn’t told us, but we bet that if she does put the U.S. Presidency on her life map, she just might get there.

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Presentations Investors Will Love and Fund

It is never easy raising money but it just got a whole lot tougher. Are there tried and trusted techniques to turn investors on? Yes there are. The secret sauce ingredients include: rigorous preparation, a great compelling story, delivered with passion by a credible management team.

Let’s break it down into three parts, preparation, content, and delivery.

Preparation

First, gather together answers to questions that will be asked by the business angel, venture capitalist or private equity player. What is the status of your industry in terms of trends and statistics? The key is to sound authoritative. Demonstrate that your team understands this market without being verbose. The value proposition – does it connect with customers? Why now? What makes the management team credible? Which analysts validate your strategy? How will you make money? Be clear on the itch you are scratching! What business am I in? Be clear why you are remarkable. Is it a very competitive space and if so why will you succeed? Little competition – does anyone want to spend money on your solution? Get on top of the detail. Memorize key facts. Be ready to explain the volume and yield drivers behind you historical numbers. Show your mastery of the economics of your business. Build a business plan that summarizes the policies you need to run the business. Ensure all key policies are articulated in a detailed way. A great business plan allows you to produce a great one page executive summary. Finally do your due diligence on potential funders, including studying their web site to discover their portfolio, previous exits, investment criteria, and bio of partners.

Content

What do I cover in my business plan and my executive summary? Write an enjoyable compelling story that covers: how much money you need, how you will spend it, how much your business is worth, why customers love you, how you will make money, why is it scalable, what makes your leadership team credible, what is the competitive landscape, and explain barriers to entry and the risks of what could go wrong. Prepare many what-if scenarios. Use the one page executive summary to get interviews and then use a few power points as props to deliver your story. Talk with confidence knowing your speech is backed up by a rigorous business plan.

Delivery

The executive summary has been sent, hit the bull’s-eye and has resulted in a face to face meeting. How do you handle a face to face meeting? Words of caution! First 60 seconds are unreasonably important. Lead with your strongest, most remarkable statement. Remember eye contact is vital so you don’t want an audience getting lost in the deep and meaningful graphs instead of looking at you. Length of presentation? Maximum 20 minutes with big changes of pace every 5 minutes. Talk slowly. Use a maximum of five power points. Involve key members of your team to make key points. Finish with a very strong 60 seconds bringing together the proposition and clear next steps.

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