Why Would I Sell My Structured Settlement Payments? - DRB Capital
parallax background
Young man cutting credit card with scissors due to debt.
Disadvantages of Credit Cards Compared to Lump Sum Annuity Payments
April 8, 2021
car accident auto crash
Celebrity Accident Case Revisited: Lindsay Lohan Injured in Car Accident After Fleeing from Paparazzi; Also Hit Other Vehicle
May 13, 2021
 

If you’ve asked yourself, “should I sell my structured settlement payments?” You’re certainly not alone; a lot of people ask themselves this question, as they are curious about the benefits of selling structured settlement payments. When people decide, “I’m going to sell my structured payments,” it is often for their own personal reasons, as there are endless benefits of selling structured settlement payments. One popular reason that people decide, “I’m going to sell my structured settlement payments,” is to get the money they need to start their own business.

Going from a steady, full-time job to starting your own business can be an exciting venture, but at the same time, it can also be a bit overwhelming. After all, how can you know for sure that you’re ready to be an entrepreneur? The following are some signs that you might finally be ready to start your own business, and that it might be the right time to sell your structured settlement payments for a lump sum of cash in order to take this next step financially:

The Timing is Right

prepare a business planYou can have a great idea, but if you’re not familiar with how a business operates, it may not be the best time to start a business, unless you plan on having a business partner who is business-savvy. Before you can be ready to start a business, it’s always a good idea to fully understand how it works and have a solid business plan in place. Your business plan should specifically outline the intentions of what you’ll accomplish and your plans for reaching these goals.

Whether your new business will be in an industry you’ve been working in for years, or you comprehend how business works in general, you might be ready to start your own. Otherwise, you might want to wait until you’ve learned more about running a business and have an effective business plan set in place. This also includes having a back-up plan in case things don’t go according to plan, and before your business becomes profitable.

You’ve Got the Finances Figured Out

While there are plenty of business ideas that might require little to no start-up costs, there’s a good chance you’ll still need some cash to get your business up and running. Depending on what your plans are, you might need a substantial amount of money to get started. After all, sometimes you have to spend money in order to make it. If your personal finances could be improved upon, you might want to avoid starting a business until you’ve tackled your personal finance goals first. Even if you plan on getting a business loan, now might not be the right time if you have a lot of personal debt to take care of. But whether you have the cash flow to make your business idea a reality, or you’re debt-free and plan on taking out a business loan, now might be the right time to start your own business if your finances are in order. If you do need to take care of your personal finances first, selling structured settlement payments for a lump sum of cash can be the solution you’re looking for.

You’re Ready to Be in Charge

If you see yourself as more of a leader, rather than a follower, you might be ready to start your own business. Even if you’re the manager or director at your current full-time job, there is always someone above you calling the shots. If you’ve been envisioning a terrific business idea and strategy, and you’re ready to take charge, you might be ready to start your own business.

You’ve Given it A Lot of Thought

starting new business

Starting your own business is a big decision, especially if you’ll be leaving your current job and putting a significant amount of time, energy, and money into your business venture. It’s best not to make an impulsive decision to start a business; you’ll want to consider all aspects, including all potential advantages and disadvantages. Take a while to think over these things, possible pitfalls, and to put a business plan in place. If you’ve given yourself enough time to fully consider this major life change and you’re still confident you can succeed, now might be the time to put your plans into action.

How Do I Sell My Structured Settlement Payments?

Do you want to start your own business, but need some extra cash to take care of your startup expenses? If you want to avoid taking out a business loan, we may be able to help if you’re receiving structured settlement payments. As a structured settlement payment stream recipient, you may have the option of selling some or all of your future payments and receiving your cash sooner. If you’ve decided, “I’m ready to sell my structured settlement payments,” contact us today at 855-582-9975 to learn more about selling future payments for a lump sum of cash and to receive your free quote.

 
Google reviews
consumer advocate
consumer advocate
AICPA: SOC