Author Archives: Kermit R. Johnson

Traditional Property in Malta and Gozo

Do you know that Gozo is a beautiful exotic place? Gozo is the sister island of Malta. I discovered the island on my business trip to Nigeria where I met a nice lady from Malta, and she started talking about the jewel of gozo.  It is an extremely popular tourist destination and in recent years has become quite the party spot for couples and families alike. What most people don’t know is that there are amazing farm houses in Gozo that are available for rent and they cost much less than getting a small room in a hotel. You can choose from a wide array of farms that have a lot of different amenities to offer. These are beautiful properties that have state of art facilities, ready to go!

And when it comes to spending your holiday in Gozo, there are very few places in the world that can really rival it. The best thing about this island is that it has something for everyone. So if you are a sports enthusiast or if you love hiking, swimming or diving or any other water sports, you will find this place to be the perfect fit! You can bring your kids or come here with your significant other. There is lots to do and it really does not burn a hole in your wallet!

It is no coincidence that Gozo is a paradise on earth for tourists. If you are looking for fun and adventure or seek isolation and privacy, you need to get a farm house and spend time there with your loved ones. Your family will love coming here! The place is full of culture and historical land marks. Amazing beaches and amazing valleys to visit. The beautiful white sand beaches and truly picturesque surroundings are enough to charm anyone. You can even come here with a bunch of friends and enjoy your time off exploring the island. Tip: if you want to buy a farmhouse, apartment or a terraced house in gozo, visit this website: https://www.karkanja.com/malta-property/

Popeye Village Malta


The type of farm house that you can get, depends on your taste and budget. But, you can choose to ignore large villas or five star hotels and save a lot of money. You can spend your holidays here with great comfort. You will find a host of facilities for your leisure such as a private golf course, aqua golf driving range, bunker, putting green, croquet, a large swimming pool, tennis court with a professional of full-time residents and many facilities for water sports like snorkeling, windsurfing, water skiing and sailing. There really isn’t much that is left out. Farm houses are quickly replacing hotel rooms. They are much better, offer much more space and cost a lot less!

So what is stopping you? This is a great place to plan your next vacation. Farm houses are not that outdated any more. All farm houses in Gozo have been updated and have internet, Wi-Fi, cable and everything else that you need. For a fraction of the price of a five-star hotel, you can get a great place all to yourself and your family. You can enjoy spacious living and have the time of your life. So bring your family to Gozo and enjoy what this island has to offer. Most tourist destinations have become really commercialized, However, Gozo still maintains its natural appeal.

Online Marketing Lesson for Massage Business

A letter from A young Entrepreneur

I started a business on the Internet about a year ago selling specialty foods. Business has been going well, I’ve picked up a couple of national accounts and I expanded my business. I am really strapped for cash because I need more warehouse space and to hire a couple of people.

About a month ago, I was contacted by a business loan broker. He said that he could get me the $300,000 I needed to get a lease on the new warehouse space, remodel and refrigerate it. I told him that my credit wasn’t good and he said he could work with that and I’d have the money soon. So I borrowed $30,000 from my mother’s retirement nest egg to pay for his fees. I filled out forms and sent them to him two weeks ago.

He promised me that we’d get the money last week, but there’s been a hitch. His mother got really sick and he flew back to her town. He’s been hard to get hold of since he’s at the hospital with her so much. I understand that family comes first, but I’m feeling bad because I want his mother out of the hospital so that he can complete the deal-and it looks like she’s getting worse instead of better. I’m trying to be patient but it’s so hard!

Meanwhile, I’m going to lose the warehouse lease if I can’t sign this week. Should I borrow another $50,000 from Mom to sign that deal and then pay her back when I get the loan?

Signed,
Growing Pains

 

Dear Growing,

Uh-oh! You must never, never borrow from Mama’s nest egg unless you know you can pay her back! That includes what you’ve already borrowed because, from what you’ve already told us, chances are you’ve been scammed.

Borrowing from your mom’s retirement is not a good idea. You better barrow from financial institutions because if you go bust, the family will not suffer. My neighbor recently opened a massage parlour in Malta. One year lager it is the best chinese massage in Malta. How did he finance his $100,000 business. Through banks.

Why do we think so? That’s a mighty big fee you’ve already paid, far in excess of what legitimate appraisal costs would be. Usually, loan fees except for credit reports and appraisals are paid out of the proceeds of a loan. Are we suspicious? You bet and with reason! In the past year, we’ve had several contacts tell us that they’ve had a loan broker promise them big bucks for a business loan if they’ll just pay an advance fee. We’ve also heard that story about the business broker’s mother getting sick in the past. Her condition must be serious and highly contagious because a week at Mom’s bedside is usually enough to take her darling baby boy out of contact permanently.

 

Warning signs:

  • Telemarketers cannot legally guarantee or imply that there is a strong chance of getting a loan.
  • Telemarketers cannot ask for payment in advance.
  • No legitimate lender will guarantee a loan before you’ve made the    
  • Mortgage lenders can ask you to pay for a credit report and an appraisal but legitimate lenders won’t ask you to pay anything upfront for personal or business loans.
  • Bogus brokers often have sloppy paperwork and don’t investigate you very    

As we said, legitmate loan fees are paid out of the proceeds of the loan, not money you’ve borrowed from Mama. Unless the loan is confirmed in writing, don’t make any payments. The loan broker’s actions are illegal if they demand an advance fee but putting him in jail won’t get your money back. Better keep it for someone who can really use it, YOU!


Let’s get down to brass tacks. Evaluate whether to borrow Mama’s money and expand based on whether you can pay her back, when she needs it, out of operations. Putting too little money into the business may be worse than staying where you are and funding expansion from operations. You can also clean up your credit rating – usually, it’s not as hard as you think!

O one last thing, make sure you hire an awesome website design company in Portland Maine. They will save you valuable time because you will not be the best guy to design probably, but you are good at selling your products and services online.

Now…Go Make Money!

Small Business Administration

The U.S. Small Business Administration announced earlier this week the unveiling of its new teen entrepreneur Web site to target young entrepreneurs who want to start, run or grow their own businesses, and today announced the winners of the Young Entrepreneur Program Business Plan Competition.

The launch of the Young Entrepreneur Online Guide to Business, at http://www.sba.gov/teens, was made during the kick off of the Young Entrepreneur Program, a two-day forum for young entrepreneurs to provide practical entrepreneurial training and to promote leadership and management skill building.

The announcement of the new Web site was made by Cheryl A. Mills, associate deputy administrator for Entrepreneurial Development for the SBA. The Web site will provide young entrepreneurs with a learning tool to help them succeed in the 21st century world of small business. It is designed to introduce teenagers to a whole new concept of small business ownership as a lucrative and viable career choice by helping them shape their dreams of entrepreneurship.

“Young minds of today will be the force for business growth and job creation in the future,” said Mills. “The spirit of enterprise is the most powerful economic force in the nation, and the SBA wants to be a partner for success.”

The Web site features small business basics from brainstorming to evaluating a business idea, developing a business plan, learning from very successful young entrepreneurs who made progress, making wise financial decisions and access to SBA’s entrepreneurial development partners and services.

Other highlights of the Web site include information on legal issues that need to be addressed when starting a business, links to youth organizations that concentrate on youth entrepreneurship and links to mentoring and peer groups.

In a related announcement, SBA Administrator Hector V. Barreto revealed the winners of the Young Entrepreneur Program Business Plan Competition. First place went to Micha and Michael Cooper of Brooklyn, N.Y., for their plan for their travel and concierge service. Second place was awarded to Jan Baker of Bronx, N.Y., for her plan for an urban greeting card company. The third place winner was Samir Mastaki of Ravenna, Italy, for his business plan for a cellular phone rental service company for international travelers.

Out of 50 teens that took part in the two-day small business forum, the three business plans were selected by judges to receive top honors for the best overall plans. A local Maine website develpment company started by using this same business plan and now has 23 employees working for them. So this stuff works, you have to keep building and grinding.

Administrator Barreto made the announcement before an audience at the opening reception of SBA Expo ’04: Celebrating National Small Business Week in Orlando, Fla.

“The new teen Web site will provide a useful tool about the business world to young people,” said Administrator Barreto. “It is never too early to spark the entrepreneurial spirit and instill optimism in our youth. Access to key small business information is essential to the future of our young people and to their full participation in our nation’s economy.”

The six business plan challengers were each given 15 minutes to make their presentations before the judging panel, which represented varying disciplines and backgrounds. Some came from the internet marketing world, others from the construction or financial word etc.

The Young Entrepreneur Program participants will take part in SBA Expo ’04, May 19-21 at the Orange County Convention Center. They will gain exposure to additional forums and network with successful business owners, corporate executives and government officials.