A Start-Up Slump Is a Drag on the Economy, how to start

The New York Times

How to start a business

Graphic | A Long Start-Up Slump

September 20, 2017

Unemployment has fallen, and the stock market has soared. So why has the economic expansion since the recession been so tame, with sluggish productivity and, at least until recently, anemic wage growth?

Economists say the answer, to some degree, can be found in a start-up slump — a decline in the creation of new businesses — and a growing understanding of what’s behind it.

A total of 414,000 businesses were formed in 2015, the latest year surveyed, the Census Bureau reported Wednesday. It was a slight increase from the previous year, but well below the 558,000 companies given birth in 2006, the year before the recession set in.

“We’re still in a start-up funk,” said Robert Litan, an economist and antitrust lawyer who has studied the issue. “Obviously the recession had a lot to do with it, but then you’re left with the conundrum: Why hasn’t there been any recovery?”

Many economists say the answer could lie in the rising power of the biggest corporations, which they argue is stifling entrepreneurship by making it easier for incumbent businesses to swat away challengers — or else to swallow them before they become a serious threat.

“You’ve got rising market power,” said Marshall Steinbaum, an economist at the Roosevelt Institute, a liberal think tank. “In general, that makes it hard for new businesses to compete with incumbents. Market power is the story that explains everything.”

That argument comes at a potent political moment. Populists on both the left and right have responded to growing public unease about the corporate giants that increasingly dominate their online and offline lives. Polling data from Gallup and other organizations shows a long-running decline in confidence in banks and other big businesses — a concern not likely to abate after high-profile data breaches at Equifax and other companies.

The start-up slump has far-reaching implications. Small businesses in general are often cited as an exemplar of economic dynamism. But it is start-ups — and particularly the small subset of companies that grow quickly — that are key drivers of job creation and innovation, and have historically been a ladder into the middle class for less-educated workers and immigrants.

Perhaps most significant, start-ups play a critical role in making the economy as a whole more productive, as they invent new products and approaches, forcing existing businesses to compete or fall by the wayside.

“Across the decades, young companies are really the heavy hitters and the consistent hitters in terms of job creation,” said Arnobio Morelix, an economist at the Kauffman Foundation, a nonprofit in Kansas City, Mo., that studies and promotes entrepreneurship.

The start-up decline might defy expectations in the age of Uber and “Shark Tank.” But however counterintuitive, the trend is backed by multiple data sources and numerous economic studies.

In 1980, according to the Census Bureau data, roughly one in eight companies had been founded in the past year; by 2015, that ratio had fallen to fewer than one in 12. The downward trend cuts across regions and industries and, at least since 2000, includes even the beating heart of American entrepreneurship, high tech.

Although the overall slump dates back more than 30 years, economists are most concerned about a more recent trend. In the 1980s and 1990s, the entrepreneurial slowdown was concentrated in sectors such as retail, where corner stores and regional brands were being subsumed by national chains. That trend, though often painful for local communities, wasn’t necessarily a drag on productivity more generally.

Since about 2000, however, the slowdown has spread to parts of the economy more often associated with high-growth entrepreneurship, including the technology sector. That decline has coincided with a period of weak productivity growth in the United States as a whole, a trend that has in turn been implicated in the patterns of fitful wage gains and sluggish economic growth since the recession. Recent research has suggested that the decline in entrepreneurship, and in other measures of business dynamism, is one cause of the prolonged stagnation in productivity.

“We’ve got lots of pieces now that say dynamism has gone down a lot since 2000,” said John Haltiwanger, a University of Maryland economist who has done much of the pioneering work in the field. “Start-ups have gone down a lot since 2000, especially in the high-tech sectors, and there are increasingly strong links to productivity.”

What is behind the decline in entrepreneurship is less clear. Economists and other experts have pointed to a range of possible explanations: The aging of the baby-boom generation has left fewer Americans in their prime business-starting years. The decline of community banks and the collapse of the market for home-equity loans may have made it harder for would-be entrepreneurs to get access to capital. Increased regulation, at both the state and federal levels, may be particularly burdensome for new businesses that lack well-staffed compliance departments. Those and other factors could well play a role, but none can fully explain the decline.

More recently, economists — especially but not exclusively on the left — have begun pointing the finger at big business, and in particular at the handful of companies that increasingly dominate many industries.

How to start a business

Graphic | Big Business, Getting Bigger The share of employees working at large, medium and small companies in the United States.

The evidence is largely circumstantial: The slump in entrepreneurship has coincided with a period of increasing concentration in nearly every major industry. Research from Mr. Haltiwanger and several co-authors has found that the most productive companies are growing more slowly than in the past, a hint that competitive pressures aren’t forcing companies to react as quickly to new innovations.

A recent working paper from economists at Princeton and University College London found that American companies are increasingly able to demand prices well above their costs — which according to standard economic theory would lead new companies to enter the market. Yet that isn’t happening.

“If we’re in an era of excessive profits, in competitive markets we would see record firm entry, but we see the opposite,” said Ian Hathaway, an economist who has studied the issue. That, Mr. Hathaway said, suggests that the market is not truly competitive — that existing companies have found ways to block competitors.

Experts also point to anecdotal examples that suggest that the rise of big businesses could be squelching competition. YouTube, Instagram and hundreds of lower-profile start-ups chose to sell out to industry heavyweights like Google and Facebook rather than try to take them on directly. The tech giants have likewise been accused of using the power of their platforms to favor their own offerings over those of competitors.

Most recently, Amazon openly called for a bidding war among cities for its second headquarters — hardly the kind of demand a new start-up could make. Mr. Morelix said the Amazon example was particularly striking.

“We’re saying that it’s O.K. that they shape how a city charges taxes?” Mr. Morelix said. “And what kind of regulations they have? That should be terrifying to anyone that wants a free market.”

In Washington, where for years politicians have praised small businesses while catering to big ones, issues of competition and entrepreneurship are increasingly drawing bipartisan attention. Several Republican presidential candidates referred to the start-up slump during last year’s primary campaign. Progressive Democrats such as Senators Elizabeth Warren of Massachusetts and Amy Klobuchar of Minnesota have pushed for stricter enforcement of antitrust rules. In a speech in March, Ms. Klobuchar explicitly tied the struggles of entrepreneurs to rising corporate concentration.

In July, entrepreneurs achieved a mark of political relevance: their own advocacy group. The newly formed Center for American Entrepreneurship will conduct research on the importance of new businesses to the economy and push for policies aimed at improving the start-up rate. Its founding president, John Dearie, comes from big business — he was most recently the acting head of the Financial Services Forum, which represents big financial institutions.

“Everybody loves entrepreneurship, but they’re not aware it’s in trouble,” Mr. Dearie said. “If new businesses are the engine of net new job creation, and if new businesses are the engine of innovation, and new business creation is at 30-year lows, that’s a national emergency.”

Follow Ben Casselman on Twitter: @bencasselman





How to Start a Rice Dealership Business, Pinoy Bisnes Ideas, how to

How to Start a Rice Dealership Business

How to start a businessRice is an important primary staple food in many Asian countries especially in the Philippines. Indicating the high demand for this commodity, planning to put up a rice dealership business in your area is a wise choice. There is already an assurance that this business will succeed because buyers are already there. Of course, in any kind of business, conducting a feasibility study is always a crucial step to take. This will assess the economic viability of your proposed business.

Here are some important questions to consider before plunging into this kind of business.

1. Do you have enough capital or budget for your rice dealership business? With at least P60,000 to P100,000 as a starting capital.

2. Do you want to operate as sole proprietorship or corporation? Business registration guide here.

3. Do you have a big and safe storage room for the sacks of rice that will be delivered to you?

4. Do you have a good location for your rice dealership business? Research the area of your target market, the flow of traffic and their buying habits.

5. Do you have lists of rice suppliers in your area? Make sure you have a lists of several suppliers and make a good relationship with them.

6. Do you have necessary equipments like calibrated weighing scales, rice sacks etc., and a service delivery (optional).

7. What varieties of rice do you intend to sell? Make sure to have several varieties of rice, so that your customers will have several options.

8. How will you market your business? This is also an important aspect especially you are new in this kind of business. Make a good marketing strategy and make your business known to your customers. Make a good deal with restaurant owners, hotels, resorts and small carenderias in your place to be their rice supplier.

Here are Some NFA Rice Dealership FAQ

Q: Who are required to secure license from NFA?

A: All persons, natural or juridical, that are engaging or intending to engage in the rice and/or corn business whether commercial or NFA rice/corn.

A: Before the start in any of the business activity enumerated above, the proprietor or operator should first secure a license from NFA. For those already license, businessmen should renew their annual license on any day within their scheduled month allotted by the NFA

A: Application may be filed at the NFA office that has jurisdiction over the location of the principal business of the applicant.

Q: In case we have more than one (1) store/establishment for Rice/Corn business, should all be licensed?

A: Yes, owner/operator should file a license for all outlets at the NFA office where his principal place of business is located. Additional outlets are treated as branches.

A: For new applicants, follow these procedures:

secure application form from the licensing officer upon payment of application fee;

accomplish and file application with complete requirements to the licensing officer who in turn checks the documents and determines corresponding license fee;

pay license fee to the cashier and get copy of official receipt;

prepare the facilities/equipment requirements for inspection by NFA Investigators;

after inspection of establishments, present notice of inspection to licensing officer, official receipt and proof of compliance with deficiencies, if any;

licensing officer issues license if application is found to be in order;

applicants display license in their establishments.

Procedures for renewal applicants:

secure application from licensing officer upon payment of application fee;

accomplish and file application with complete requirements together with previous year s license to the licensing officer;

licensing officer checks completeness of requirements and determines license fee to be paid;

pay license fee to the cashier and present the official receipt to licensing officer;

licensing officer issues renewal sticker and stick it to appropriate portion of the license if application is found to be in order;

applicants display licensing conspicuous place in their establishments.

Q: For New Applicants, how long do we have to wait for the Approval of our License Application?

A: The establishments and facility requirements of new applicants are inspected by NFA Investigators within 20 working days after the filling of their applications. Those inspected are given inspection notices stating the date when they can return to the NFA to show compliance with any deficiency, if any. Otherwise, their notices state the date they can get their license. In all these cases, it should not exceed 20 working days after inspection.

A: Application fee is P50.00 for a single line activity and P100.00 for two activities or more. License fees depend upon capacity of the post harvest equipment used.

A: Documentary and facility requirements depend upon the business activity.

Q: Does the NFA requires only Licensing on Rice/Corn Business Activities?

A: The NFA also require the registration of the following facilities aside from the license on the activities mentioned earlier list.

motor vehicles used or intended to be used in transport/hauling of palay/ rice/corn whether for exclusive use or for hire except public utility vehicles franchised by proper government agencies not principally used for transporting rice/palay/corn;

warehouses,threshers and sellers for own produce;

mechanical dryers for owner s/operators exclusive use;

packaging machines for owner s/operators exclusive use;

institutions/establishments securing their rice/corn requirements from the NFA;

poultry and hog raisers securing byproducts from the NFA;

manufacturers/importers/dealers and distributors of rice/corn post-harvest facilities;

non-operating mills and other post-harvest facilities. In this case, registration is done only once.

Registration is done at the office of the NFA that has jurisdiction over the location of the principal business of the applicant.

Registration fees see separate from that of the license fees.

Q: In the event that I discontinue my business, what should I do with my License/Registration Certificate?

A: Surrender your license/registration certificate to the NFA office that issued it together with a written notice of discontinuance.

Otherwise, in case you reapply, you would be charged with the fees for the entire period that you have not applied for renewal.

Q: What do you mean by Bonded Activities?

A: Bonded activities mean third party stocks are deposited in your facilities, for storage, milling, threshing, corn shelling or mechanical drying. Operators/owners of facilities accepting third party stocks are required to post a bond as well as fire insurance to safeguard the stocks of the third party.





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Learn How Loans Work Before You Borrow, how do business loans work.#How

Learn How Loans Work Before You Borrow

How do business loans work

When you borrow money, it’s important to know how loans work. With a better understanding of loans, you can save money and make better decisions about debt – including when to avoid it. Learn how loans work before you start borrowing.

The Cost of Money

What does it take to get money? More money. When you borrow, you have to pay back the amount you borrowed plus interest. You may also have to pay fees.

Costs are a key part of understanding how loans work and which one to choose; in general it’s best to minimize costs, but costs are not always easy to understand. Lenders don t often show exactly how loans work and what they cost, so it pays to run the numbers yourself.

For most loans, a basic Loan Amortization Calculator will illustrate how things work. If you really want to play with the numbers, use a spreadsheet to see what happens when you change the variables.

Costs can be tricky, so be sure to consider interest rates and transaction fees as you study how a loan works.

Paying Down the Loan Balance

It’s only a loan if you repay it. As you figure out how loans work, you’ll see that most loans get paid off gradually over time. Each monthly payment is split into two parts: a portion of it repays the loan balance, and a portion of it is your interest cost.

An amortization table shows how this works, and how interest costs go down over time.

A loan may or may not have a term – a length of time over which you repay it. Some mortgages last for 30 years, while other loans may only last 3 years. Credit cards are revolving loans, meaning you can borrow and repay as many times as you want without applying for a new loan.

The term affects how your loan works; shorter terms require larger payments.

Qualifying for a Loan

To get a loan you’ll have to qualify. Lenders only make loans when they think they’ll be repaid. Your credit is important in helping you qualify, since it shows how you’ve used loans in the past. Good credit means you’re more likely to get a loan at a reasonable rate. You may also need to show that you have enough income to repay the loan.

If you don’t have strong credit or if you’re borrowing a lot of money, you may also have to secure the loan with collateral. This allows the lender to take something and sell it if you’re unable to repay the loan. You might even have to have somebody with good credit co-sign the loan, which means they’ll promise to repay it if you can’t.

How Loans Work in Practice

Now you know more about borrowing in general, but how do loans work in everyday life? When you want to borrow, you visit with a lender and apply for a loan. Your bank or credit union is a good place to start; you can also work with specialized lenders like mortgage brokers and peer to peer lending services.

After you provide information about yourself, the lender will evaluate your application and decide whether or not to make the loan.

If you’re approved, the lender will send funds to you (or it may go directly to another person – somebody you’re buying a house from, for example). Shortly after funding, you’ll start to repay – usually monthly.

If you want to save money, you can generally repay loans early. Figure out how your loan works to see if there’s any cost to prepay, and make sure it makes sense before doing so.





How Do Small Business Loans Work, Bizfluent, how do business loans work.#How

How Do Small Business Loans Work?

How do business loans work

Obtaining financing helps build your business, but it’s not always easy to do. Securing a business loan takes time and patience, whether you need $5,000 or $5 million, since banks are not in the position to grant every business a loan. Because small businesses are considered risky ventures by lenders, starting your application early and effectively navigating the process is critical..

Description

A business loan is based on your business needs, and your own qualifications to start and run your company. But that’s just the start. The bank also looks closely at your personal finances, since you’ll be liable for repaying the loan if your business goes under or you’re otherwise unable to make the payments. Banks usually require small business owners to use personal assets, such as your home or car, to secure the loan. Lenders often work with the Small Business Administration, a government agency that backs many of the commercial loans underwritten by banks.

Financing Available

Banks may give loans through their internal lending programs, or they may choose to guarantee the loan through the SBA. SBA-backed loans include the 7(a) primary loan program that covers a variety of small business financing, and the CDC/504 Program that helps businesses obtain new facility or modernize their facilities. The CDC program is ideal if you have an established business with a proven track record.

Documentation

The bank will require you to provide a business plan that includes financial statements and projections about future revenue. The plan must indicate what you intend to do with the money, such as increasing your marketing efforts or paying for supplies to meet demand. To improve your chances of getting a loan, the SBA provides counseling through a volunteer program, known as SCORE, to help you create a business plan that meets the lender’s requirements.

Think Twice

Before you begin the tedious process of obtaining a loan, note the disadvantages. A small business loan is based on your personal ability to pay, so you’re liable for making the payments until the loan is paid off no matter what happens to your business. You may go through all the work to satisfy the bank’s requirements only to find out you still don’t qualify, or the bank may only give you a small portion of the money you need. This would require you to act quickly to secure additional financing.





Beyond the Bank Loan: 6 Alternative Financing Methods for Startups, how to

Beyond the Bank Loan: 6 Alternative Financing Methods for Startups

Many aspiring entrepreneurs have an idea for their business but lack the capital to actually start it. Brand-new businesses are often turned down for bank loans, and even if your business is established, funds can still be tough to secure. Loans funded by the Small Business Administration are usually more accessible, but they are becoming increasingly competitive.

So what options are left for someone aspiring to be a small business owner? Here are six options beyond bank loans for financing your startup.

Online lending

Online lenders have become a popular alternative to traditional business loans. These platforms have the advantage of speed, as an application takes only about an hour to complete, and the decision and accompanying funds can be issued within days. Because of the ease and quickness of online lending, economist and former U.S. Treasury Secretary Larry Summers said at the 2015 Lend It conference that he expects online lenders to eventually reach more than 70 percent of small businesses.

Editor s note: Are you considering a small business loan for your business? If you re looking for information to help you choose the one that s right for you, use the questionnaire below to have our sister site BuyerZone provide you with information from a variety of vendors for free:

Angel investors

Angel investors invest in early-stage or startup companies in exchange for a 20 to 25 percent return on their investment. They have helped to start up many prominent companies, including Google and Costco. Mark DiSalvo, CEO of private equity fund provider Semaphore said, You are likely to get an investor who has strategic experience, so they can provide tactical benefit to the company they are investing in.

Find out what makes angel investors fund a business here.

Venture capitalists

Venture capital is money that is given to help build new startups that are considered to have both high-growth and high-risk potential. Fast-growth companies with an exit strategy already in place can gain up to tens of millions of dollars that can be used to invest, network and grow their company frequently.

Brian Haughey, assistant professor of finance and director of the investment center at Marist College, said that because venture capitalists focus on specific industries, they can generally offer advice to entrepreneurs on whether the product will be successful or what they need to do to bring it to market. However, venture capitalists have a short leash when it comes to company loyalty and often look to recover their investment within a three- to five-year time window, he said.

Learn more about venture capital here.

Factoring/invoice advances

Through this process, a service provider will front you the money on invoices that have been billed out, which you then pay back once the customer has settled the bill. This way, the business can grow by providing the funds necessary to keep it going while waiting for customers to pay for outstanding invoices.

Eyal Shinar, CEO of small business cash flow management company Fundbox, says these advances allow companies to close the pay gap between billed work and payments to suppliers and contractors.

By closing the pay gap, companies can accept new projects more quickly, Shinar told Business News Daily. Our goal is to help business owners grow their businesses and hire new workers by ensuring steady cash flow.

Visit BND s guide to choosing a factoring service here.

Crowdfunding

Crowdfunding on sites such as Kickstarter and Indiegogo can give a boost to financing a small business. These sites allow businesses to pool small investments from a number of investors instead of having to look for a single investment.

Make sure to read the fine print of different crowdfunding sites before making your choice, as some sites have payment-processing fees, or require businesses to raise their full stated goal in order to keep any of the money raised.

Check out some emerging trends in crowdfunding here.

Grants

Businesses focused on science or research may be able to get grants from the government. The SBA offers grants through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Recipients of these grants are required to meet federal research-and-development goals, and have a high potential for commercialization.

Learn more about applying for a small business grant here.

Additional reporting by Katherine Arline and Nicole Taylor. Some source interviews were conducted for a previous version of this article.

Jennifer Post graduated from Rowan University in 2012 with a Bachelor s Degree in Journalism. Having worked in the food industry, print and online journalism, and marketing, she is now a freelance contributor for Business News Daily. When she s not working, you will find her exploring her current town of Cape May, NJ or binge watching Pretty Little Liars for the 700th time.





How Do Business Loans Work, Fortress Funding, how do business loans work.#How

How Do Business Loans Work?

What Options Are Available To You?

Traditionally the “Big Four” banks have all offered pretty much the same stuff. That is if you want to borrow money for a business purpose the price goes up. As well as this you need to track down a banker that can take the time to understand your business and appreciate things from your side of the desk, not just the Credit Department’s side of the desk.

There is not question, its getting harder and harder to get good service in the Small to Medium Business, (SME), sector. In fairness to the “Big Four” its hard for them as well. They want it do but they are pushing their managers, branches and infrastructure in general as hard as they can and that rarely co-exists with relationship building and great service.

Its not just pricing and access to good service or advice that makes loans for SME’s hard everything else gets harder as well.

Here s How Business Loans Can Get Harder

The loan term might be restricted putting cashflow pressure on your business

Take this example of a commercial loan of $750 0000 for the purchase of a commercial warehouse.

Commercial loan of $750,000 at 5.42% pa

How do business loans work

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  • How do business loans work

How Do Business Loans Work?

How Do Business Loans Work? What Options Are Available To You? Traditionally the “Big Four” banks have all offered pretty much the same stuff. That is if you want to borrow money for a business purpose the price goes up. As well as this you need to track down a banker that can [. ]

Looking at the loan in simplistic terms you would say the cost is 5.42%pa or $40650 each year in interest. However, when you look at all the other associated costs the bank is charging an average of $44890 per year. Effectively that’s 5.96%pa. or put another way an additional $21 200 over the 5 year period.

In addition to this you have the hassle, and anguish, of having to prepare interims and hope that the bank remains happy.

Every time you provide your lender information you risk something changing that you may not have anticipated. The opposite can be true but that’s usually only because you know how to “work the system”.

When was the last time your bank manager rang you up and offered to reduce your lending costs?

When was the last time your bank manager called you?

Consider This

Firstly, let’s be clear – you do not have to move your transaction banking.

Commercial lenders love you transactional banking accounts. It gives them your funds on deposit for free, the ability to charge account keeping fees and the ability to look inside your business – without you knowing.

New ways of funding commercial loans are out there. For example set and forget commercial loans and sometimes at home loan rates. Why would you pay commercial interest rates, have a shortened loan term and prepare interim financials if the bank could use equity in your home for your commercial loan?

You can make this happen if you know which lenders to talk to and how to go about it. No disruption to your business banking accounts, your internet banking or credit cards – just cheap efficient loan accounts.

Even if you prefer to, or already have offered your commercial premises as security rather than your home, (or a mix of the two), you can have a set a forget commercial loan with no ongoing fees over 20 years. There is of course always the option to go interest Only as well.

Consider the information below, it’s for the same $750 000 that we looked at earlier.

Commercial loan of $750,000 at 4.89% pa

How do business loans work

In this example the same loan costs an average of $37 087pa. over a 5 year period. That’s effectively 4.94%pa. (compared to 5.96%pa above).

The only thing that has changed is we did it smarter!

All your day to day banking stays in place uninterrupted. The cost of making the changes, (assuming an application fee of $1000 and a valuation fee of $1060) would be recovered in a couple of months.

It s All About Who You Know

Not all lenders are the same.

The market is super competitive at the moment with fintech innovators and new banks coming into the market and in particular into the commercial market. It’s no longer the exclusive domain of the “big four”. Many of these lenders are choosing to get to their clients via brokers. Its gives them the benefit of cheaper distribution channels but more importantly reduces their costs which are then reflected in what they charge you, the borrower.

More importantly they are hungry to do business and there are many ways that we can take advantage of this. You can take advantage of it all, with a little help from someone in the know.

Understanding the lenders and their niches and combining that with finding the right people inside these lenders is always far more likely to get you a suitable and sustainable outcome that might be just right for you. Sometimes it’s a combination so lenders or lender products, sometimes it’s a “re-jig” of your loan products after come consultation with your accountant. Sometimes it’s about releasing a security property like the family home for example and sometimes it’s about separating out your liability from that of your business partner’s liability.

It s A Bit Like Goldilocks And The Three Bears

The three Big Bears are:

  1. Why do commercial loans cost so much?
  2. Why do I need to spend so much money and time simply maintaining the loan going forward?
  3. How do I find the right bank and bank manager that has the time to understand my business?

How do business loans work

Goldilocks is obviously “Just right”. That is a combination of a well priced maintenance free loan portfolio with the support of an experience broker that can ensure that your needs are understood and met by the lender on an ongoing basis.

The one thing for sure is that it’s not just a matter anymore of turning up to your local branch, filling in a form and hoping for the best!





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How Do Business Loans Work, Lendio, how do business loans work.#How #do

How Do Business Loans Work?

The process will vary depending where you look for a loan, but here at Lendio, we make it easy to get a loan. Start by filling out our online application and entering some information about your business. When you re done, a personal funding manager will contact you to discuss your loan options. Then you simply choose your preferred loan and your funding manager will push through the application to the lender and finish up the final details.

It really depends on where you apply for your business loan. For example, in the last half of 2016, banks were only approving 20-25% of small business loans, where alternative lenders were approving 60-62% of similar loans. And as an online lending marketplace, we work with more than 75 lenders so there is almost always a way to find a loan that can work for you. But the only way to really know is to fill out an application and see for yourself!

The documents you’ll need to apply for a loan will vary depending on whether you apply with a bank, an online lender, or at an online lending marketplace. To fill out an application at Lendio, you’ll be required to know some basic information about your company and your personal situation. We don’t require you to send in any documents besides providing business account bank statements for the past few months.

The loan products you qualify for will likely determine the way in which, as well as how often, you’ll pay back your loans. Typically, the stronger your business and credit, the less frequently you’ll have to make loan payments and the more payment processing options you’ll have. In contrast, the lower your credit scores and business strength, the more frequent and determinate your payment options will be.

You ll be expected to bring personal background information, your resume, a highly documented business plan, signed personal financial statements, personal credit reports, your business credit reports, personal and business tax returns for the previous three years, an entire year of personal and business bank statements, documentation of collateral, and a number of legal documents. And that s before they start asking questions.

This really depends on your unique business. We offer many different specialized loan products to help fund your business efficiently. In some cases where a loan is going to be used for many different things we will offer several loans, each serving a different purpose. This helps you get the maximum amount of funding easily. Your funding manager will help you decide which option is best for your situation.

You’ll need to know some basic things about your finances and your company such as your approximate credit score and what industry your business will be in. You’ll also want to be able to show past experience in the field if you have any, and you may need up to two years of personal tax returns depending on the type of startup loan options available to you. Other than that, just apply and pray! Just kidding, you ll be fine.

A commercial mortgage is another term for a commercial mortgage. These loans work by utilizing the collateral value of real estate you own in order to get funding for your business. A commercial real estate loan is most commonly used to turn your equity into needed working capital, refinance your real estate to increase cash flow, or to purchase a new property for expansion or growth.

A VA loan is a personal loan offered by Veterans’ Affairs to most members of the military, veterans, reservists, and National Guard members. While VA loans are restricted to mortgages, refinancing, rebuilding, and expanding or extending a personal home, the SBA does offer a loan service called the “Patriot Express” which is a more traditional business loan to help veterans start their small businesses.

Some government agencies do offer small business loans or grants specifically for minority-owned businesses. They’re excellent programs and we encourage anyone who may be eligible for those offers to check them out and see if they qualify. Unfortunately, As a private business, as well as an online lending marketplace, we do not have any options that we can offer exclusively to minorities.

The most commonly accepted definition is loans of a relatively small dollar amount used to help small businesses and entrepreneurs grow or sustain their businesses. The dollar amounts, according to bank definitions, range from $500-100,000. The average micro loan in the U.S. is just $13,000, but businesses in the United States only receive a very small percentage of the micro loans around the world.

How do business loans work

How do business loans work How do business loans work How do business loans work How do business loans work





My Paycheck – How Do Small Business Loans Work, how do business

how do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

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How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work

How do business loans work





How Do Business Loans Work, Fortress Funding, how do business loans work.#How

How Do Business Loans Work?

What Options Are Available To You?

Traditionally the “Big Four” banks have all offered pretty much the same stuff. That is if you want to borrow money for a business purpose the price goes up. As well as this you need to track down a banker that can take the time to understand your business and appreciate things from your side of the desk, not just the Credit Department’s side of the desk.

There is not question, its getting harder and harder to get good service in the Small to Medium Business, (SME), sector. In fairness to the “Big Four” its hard for them as well. They want it do but they are pushing their managers, branches and infrastructure in general as hard as they can and that rarely co-exists with relationship building and great service.

Its not just pricing and access to good service or advice that makes loans for SME’s hard everything else gets harder as well.

Here s How Business Loans Can Get Harder

The loan term might be restricted putting cashflow pressure on your business

Take this example of a commercial loan of $750 0000 for the purchase of a commercial warehouse.

Commercial loan of $750,000 at 5.42% pa

How do business loans work

Latest Blogs

  • How do business loans work

The Truth About Refinance and Three Options for Immediate Action

Why would you consider refinancing your loans? 9 out of 10 clients that we review could re-arrange their loans to be either cheaper, more appropriate or both! It’s worth asking the question, isn’t it? After all we don’t know what we don’t know. When you took out your last loan did [. ]

  • How do business loans work

What Is A Second Chance Loan?

Second Chance Funding How It Can Work For You What is it? Second Chance Finance is a flexible loan offered by lenders for those with bad credit or a less than perfect credit history. It’s a way that you can get yourself back on track quickly and easily. It’s not something your bank [. ]

  • How do business loans work

How Do Business Loans Work?

How Do Business Loans Work? What Options Are Available To You? Traditionally the “Big Four” banks have all offered pretty much the same stuff. That is if you want to borrow money for a business purpose the price goes up. As well as this you need to track down a banker that can [. ]

Looking at the loan in simplistic terms you would say the cost is 5.42%pa or $40650 each year in interest. However, when you look at all the other associated costs the bank is charging an average of $44890 per year. Effectively that’s 5.96%pa. or put another way an additional $21 200 over the 5 year period.

In addition to this you have the hassle, and anguish, of having to prepare interims and hope that the bank remains happy.

Every time you provide your lender information you risk something changing that you may not have anticipated. The opposite can be true but that’s usually only because you know how to “work the system”.

When was the last time your bank manager rang you up and offered to reduce your lending costs?

When was the last time your bank manager called you?

Consider This

Firstly, let’s be clear – you do not have to move your transaction banking.

Commercial lenders love you transactional banking accounts. It gives them your funds on deposit for free, the ability to charge account keeping fees and the ability to look inside your business – without you knowing.

New ways of funding commercial loans are out there. For example set and forget commercial loans and sometimes at home loan rates. Why would you pay commercial interest rates, have a shortened loan term and prepare interim financials if the bank could use equity in your home for your commercial loan?

You can make this happen if you know which lenders to talk to and how to go about it. No disruption to your business banking accounts, your internet banking or credit cards – just cheap efficient loan accounts.

Even if you prefer to, or already have offered your commercial premises as security rather than your home, (or a mix of the two), you can have a set a forget commercial loan with no ongoing fees over 20 years. There is of course always the option to go interest Only as well.

Consider the information below, it’s for the same $750 000 that we looked at earlier.

Commercial loan of $750,000 at 4.89% pa

How do business loans work

In this example the same loan costs an average of $37 087pa. over a 5 year period. That’s effectively 4.94%pa. (compared to 5.96%pa above).

The only thing that has changed is we did it smarter!

All your day to day banking stays in place uninterrupted. The cost of making the changes, (assuming an application fee of $1000 and a valuation fee of $1060) would be recovered in a couple of months.

It s All About Who You Know

Not all lenders are the same.

The market is super competitive at the moment with fintech innovators and new banks coming into the market and in particular into the commercial market. It’s no longer the exclusive domain of the “big four”. Many of these lenders are choosing to get to their clients via brokers. Its gives them the benefit of cheaper distribution channels but more importantly reduces their costs which are then reflected in what they charge you, the borrower.

More importantly they are hungry to do business and there are many ways that we can take advantage of this. You can take advantage of it all, with a little help from someone in the know.

Understanding the lenders and their niches and combining that with finding the right people inside these lenders is always far more likely to get you a suitable and sustainable outcome that might be just right for you. Sometimes it’s a combination so lenders or lender products, sometimes it’s a “re-jig” of your loan products after come consultation with your accountant. Sometimes it’s about releasing a security property like the family home for example and sometimes it’s about separating out your liability from that of your business partner’s liability.

It s A Bit Like Goldilocks And The Three Bears

The three Big Bears are:

  1. Why do commercial loans cost so much?
  2. Why do I need to spend so much money and time simply maintaining the loan going forward?
  3. How do I find the right bank and bank manager that has the time to understand my business?

How do business loans work

Goldilocks is obviously “Just right”. That is a combination of a well priced maintenance free loan portfolio with the support of an experience broker that can ensure that your needs are understood and met by the lender on an ongoing basis.

The one thing for sure is that it’s not just a matter anymore of turning up to your local branch, filling in a form and hoping for the best!





Learn How Loans Work Before You Borrow, how do business loans work.#How

Learn How Loans Work Before You Borrow

How do business loans work

When you borrow money, it’s important to know how loans work. With a better understanding of loans, you can save money and make better decisions about debt – including when to avoid it. Learn how loans work before you start borrowing.

The Cost of Money

What does it take to get money? More money. When you borrow, you have to pay back the amount you borrowed plus interest. You may also have to pay fees.

Costs are a key part of understanding how loans work and which one to choose; in general it’s best to minimize costs, but costs are not always easy to understand. Lenders don t often show exactly how loans work and what they cost, so it pays to run the numbers yourself.

For most loans, a basic Loan Amortization Calculator will illustrate how things work. If you really want to play with the numbers, use a spreadsheet to see what happens when you change the variables.

Costs can be tricky, so be sure to consider interest rates and transaction fees as you study how a loan works.

Paying Down the Loan Balance

It’s only a loan if you repay it. As you figure out how loans work, you’ll see that most loans get paid off gradually over time. Each monthly payment is split into two parts: a portion of it repays the loan balance, and a portion of it is your interest cost.

An amortization table shows how this works, and how interest costs go down over time.

A loan may or may not have a term – a length of time over which you repay it. Some mortgages last for 30 years, while other loans may only last 3 years. Credit cards are revolving loans, meaning you can borrow and repay as many times as you want without applying for a new loan.

The term affects how your loan works; shorter terms require larger payments.

Qualifying for a Loan

To get a loan you’ll have to qualify. Lenders only make loans when they think they’ll be repaid. Your credit is important in helping you qualify, since it shows how you’ve used loans in the past. Good credit means you’re more likely to get a loan at a reasonable rate. You may also need to show that you have enough income to repay the loan.

If you don’t have strong credit or if you’re borrowing a lot of money, you may also have to secure the loan with collateral. This allows the lender to take something and sell it if you’re unable to repay the loan. You might even have to have somebody with good credit co-sign the loan, which means they’ll promise to repay it if you can’t.

How Loans Work in Practice

Now you know more about borrowing in general, but how do loans work in everyday life? When you want to borrow, you visit with a lender and apply for a loan. Your bank or credit union is a good place to start; you can also work with specialized lenders like mortgage brokers and peer to peer lending services.

After you provide information about yourself, the lender will evaluate your application and decide whether or not to make the loan.

If you’re approved, the lender will send funds to you (or it may go directly to another person – somebody you’re buying a house from, for example). Shortly after funding, you’ll start to repay – usually monthly.

If you want to save money, you can generally repay loans early. Figure out how your loan works to see if there’s any cost to prepay, and make sure it makes sense before doing so.





Yahoo Finance – Business finance, stock market, quotes, news, how to finance

how to finance a business

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Countries in the Trans Pacific Partnership (TPP) trade deal have agreed on the core elements to move ahead without the United States, officials said on Saturday, after last-minute resistance from Canada raised new doubts about its survival. Taking the agreement forward is a boost for the principle of





Window Cleaning Coach: How to Start a Window Washing Business, Tips, Advice,

#window cleaning business

#

Hi, my name is Dave and I run my own successful window cleaning business called ShineTime in Birmingham, England.

The reason I’ve created this website is because I found that there was a lack of free information on setting up your own window cleaning business when I first started.

Instead I found there are a lot of opportunist window cleaners on the internet who are selling their knowledge (you can’t blame them really can you).

I realise when you’re setting up your own business funds are tight, so I’ve decided to give my expertise away for free.

The reason for this generosity you might ask? Well window cleaning helped me out of a tight spot: I was working in a dead-end factory for minimum wage and wasn’t too happy about the situation.

I finally decided to start my own window cleaning business, and after a lot of trial and error my business became successful. I want to help other people thinking of starting their own window cleaning company avoid some of the mistakes I made when I first started by doing this informative website.

Let’s get one thing straight, being a window cleaner is a horrible job: in Winter you feel like your hands are going to drop off, if you’re working by yourself it can become very lonely, and sometimes your customers can give you hassle. As you’re the head of the company you’re the one who has to deal with troublesome customers because there’s nobody to pass the blame onto.

It’s not easy either, most people seem to think it’s just a case of buying a bucket, getting a chammy and you’re away. Sadly there’s a lot of competition out there, it’s highly likely you’ll find all the best areas where you live (the posh ones that make you the most money) are taken.

You have to be prepared to work hard to build up your round and be able to discipline yourself because there’s no boss to kick you up the arse when you feel like having an impromptu day off. It’s very easy to slip into the habit of thinking: I can’t be bothered with it today. or I think I’ll knock off early .

It’s good to have the freedom that only comes with being your own boss, but it still doesn’t mean you can spend every other day in bed. Disappointing I know, but that’s life.

I want to make it clear that not everybody is suited to self-employment, some people need a person watching over them to make them work. If this is a description of you then you probably shouldn’t bother wasting anymore of your time on this site. Instead, you may want to consider looking for other cleaning jobs first to get some experience and see if a window cleaning career is really for you.

Despite all the drawbacks however, I believe if you’re desperate, i.e. stuck in a job you absolutely hate, or unemployed and on the dole, then window cleaning could be for you because it’s a realistic way of making a respectable living for a person who has no other options, just don’t expect to be driving around in a Bentley anytime soon.





How To Start An Online Business – The Ultimate Guide To Making

#start online business

#

How to start a successful online business

PASSION IS NOT ENOUGH.

How do I get started?

Repeat after me:
PASSION IS NOT ENOUGH

Most “experts” teach you that once you find your passion, you’ll magically become wealthy.

I don’t have to tell you that this plan is missing a few vital steps, such as an actual plan. Before you invest your time and energy creating an online product, ask yourself these questions:

  • How do I know which idea will be most profitable?
  • Will people actually pay?
  • How do I bring in traffic and buyers?
  • What can I do to set my business on autopilot, so it runs on systems instead of on my (limited) time?

Step 2

Solve the right problem (it’s probably not what you’d expect)

I asked readers, “What excites you about starting an online business?” Over 1,000 readers responded with ME-FOCUSED responses about what they wanted from an online business.

OK, we all want something for our work, whether it’s extra money, more free time, or the ability to be our own boss and give ourselves vacation days when the weather’s nice.

But what about your customers?

Nobody will ever give you money to solve your problems. but they’ll love you and happily pay you if you help them solve theirs. And by focusing on them, you’ll immediately stand out in a sea of online businesses that are only looking out for themselves.

What would happen if you said, “I’m really good at helping my friends with their relationship problems. I don’t want to just help people 1-on-1…I want to help THOUSANDS of people.” Or “I love helping people get in shape. I want to help as many people get fit as possible.”

It’s a huge psychological shift.

Once you’ve identified something you believe in, you need to know what idea people will pay for, how much to charge, and how to sell it without being sleazy.

It starts with figuring out what kind of online business you want.

Which online business ideas work best?

When you’re starting an online business, it’s easy to get overwhelmed by tactical minutiae. Should you create software, a physical product, a coaching system, or something else? How do you choose the right software, create your website, figure out drop shipping, and accept payments?

But when you drop what doesn’t work I spent years figuring this part out you’re left with 6 main options for an online business. I’ve systematically tried them ALL over almost a decade, and I’ll let you know exactly which ones are good and bad.

Your 6 options for starting an online business are software (including apps), physical products, ads, affiliate marketing, coaching, and online courses. And they aren’t all created equal.

Coaching is the single-best way to start learning business skills.

Many people don’t even think they can launch an online business. Then hold themselves back by saying things like, “I’m not an expert at personal finance, finding a dream job, or [fill in the blank].”

“I don’t know anything people would pay for!”

Are you sure? Unless you’ve actually tested your idea, the answer is “no.”

“But Ramit, my idea’s too weird/dumb! Nobody would ever pay to learn about it.”

I used to think that, too, until I discovered how many other weird people are out there. Here are just 3 profitable courses I’ve seen in the past year:

  • Toilet Trained Cat. Train cats to use the toilet. Revenue from books and courses.
  • Hear and Play. Learn to play piano by ear, without sheet music or years of lessons. Revenue from courses.
  • The Ultimate Disney World Savings Guide. Vacation at Disney World for half price. Revenue from ebooks.

Do these seem like ideas for normal, successful products? Of course not. These people simply found something they’re good at, then tested the market to see if other people were willing to pay for their knowledge.





How to Qualify for a Small-Business Loan in 5 Steps #start #a

#sba loan requirements

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Credit Cards

Banking

Investing

Mortgages

Loans

Insurance

Credit Cards

Banking

Investing

Mortgages

Loans

Insurance

How to Qualify for a Small-Business Loan in 5 Steps

You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here’s how we make money .

Qualifying for a small-business loan is easier when you’re prepared. Below is a to-do list that will help you qualify for the cash you need to grow your business.

Whether you end up applying for an SBA loan through a bank or opt for an online small-business loan, you should be familiar with the requirements of each lender. Knowing whether you meet their criteria before you apply will save you time and frustration.

How to quality for a small-business loan

1. Improve personal and business credit scores

Your personal credit score ranges from 300 to 850 (the higher, the better), and evaluates your ability to repay debts. The score is typically weighed more heavily by small-business lenders if your business is new and lacks credit history. It’s based mainly on three factors: your payment history (35% of your score), the amounts owed on credit cards and other debt (30%) and how long you’ve had credit (15%).

Paying your bills on time is, of course, crucial to improving your score. But even if you pay your bills like clockwork, credit report errors could be damaging your score one in four consumers has damaging credit report errors. However, four out of five consumers who filed a dispute got their credit report modified, according to a study by the Federal Trade Commission. You can get a copy of your credit reports for free once a year at AnnualCreditReport.com and dispute any inaccuracies you find through each of the credit bureaus’ websites (Experian, Equifax and TransUnion).

Businesses that are more established and applying for bank loans can check out their business credit scores (which generally range from 0 to 100) at the three business credit bureaus: Experian, Equifax and Dun Bradstreet. Check out these five steps to building business credit, and if you see any mistakes on your reports, contact the bureaus.

More than likely, you’ll need an excellent business credit score as well as good personal credit to qualify for an SBA loan or traditional loan from a bank, although this will depend on the individual lender and factors such as your business revenue and cash flow. In general, online lenders look at personal credit scores but are a bit more lenient when it comes to credit score requirements, as they place more emphasis on your business’s cash flow and track record.

2. Know the lender’s minimum qualifications

There’s no way around it: If you don’t meet a lender’s minimum qualifications, applying is a waste of time.

Borrowers typically need to meet minimum criteria related to credit scores, annual revenue and years in business. And lenders generally frown upon recent bankruptcies and other past delinquencies.

To qualify for SBA loans, borrowers also must be current on all government loans and can’t have any past defaults. So if you’re late on a federal student loan or a government-backed mortgage, you’ll be disqualified. You also can’t be on the SBA’s ineligible businesses list. which includes life insurance companies and financial businesses such as banks.

Qualifying for online lenders can be easier. While these lenders typically underwrite loans based on traditional factors such as credit scores, annual revenue and cash flow, the loans carry less stringent requirements than banks.

3. Gather financial and legal documents

Banks and other traditional lenders typically ask for a wide range of financial and legal documents during the application process. They include:

  • Personal and business income tax returns
  • Balance sheet and income statement
  • Personal and business bank statements
  • A photo of your driver’s license
  • Commercial leases
  • Business licenses
  • Articles of incorporation
  • A resume
  • Financial projections if you have a limited operating history

These requirements can make getting a bank loan time consuming. That may not be an issue if you’re in the market for a long-term business loan to finance a major investment.

However, if you need money faster, online lenders may be a better fit, as they can provide a streamlined online application process with fewer documentation requirements and faster underwriting. But they may come with higher borrowing costs. If you have good credit and business finances, however, some lenders may provide rates comparable to those of bank loans.

4. Develop a strong business plan

Lenders will want to know how you plan to use the money and will want to see that you have a strong ability to repay. They may require a solid business plan that details the purpose of the loan and how you expect it to increase profits.

Your business plan should include current and projected financials, and clearly demonstrate that your business will have enough cash flow to cover ongoing business expenses and the new loan payments. This can give the lender more confidence in your business, increasing your chances at loan approval. Your p lan should include :

  • Company description
  • Product and/or service description
  • Management team
  • Industry analysis
  • Facilities and operations plan
  • Promotional, marketing and sales strategy
  • SWOT analysis (strengths, weaknesses, opportunities, threats)

5. Provide collateral

To qualify for a small-business loan, you may have to provide collateral to back the loan. This refers to an asset, such as equipment, real estate or inventory, that can be seized and sold by the lender if you can’t make your payments. It’s basically a way lenders can make back their money if your business fails.

SBA loans require “adequate” collateral for security on all loans, plus a personal guarantee from every owner of 20% or more of the business. A personal guarantee puts your credit score and your personal assets on the hook.

Some online lenders do not require collateral but may want a personal guarantee. Others may also take a blanket lien on your business assets essentially another form of collateral giving the lender the right to take business assets (real estate, inventory, equipment) to recoup an unpaid loan. Each individual lender has its own requirements, so don’t be afraid to ask questions if you are unsure.

If you don’t have collateral to get a loan or don’t want to take on the risk of losing personal or business assets, unsecured business loans may be a better option.

Find and compare small-business loans

If you’re looking for financing, NerdWallet has created a comparison tool list of the best small-business loans to meet your needs and goals. We gauged lender trustworthiness and user experience, among other factors, and arranged them by categories that include your revenue and how long you’ve been in business.

This post was updated. The post was originally published on Dec. 1, 2015.

Image via iStock.

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How to Find the Right SBA Loan for Your Small Business #business

#small business administration loans

#

How to Find the Right SBA Loan for Your Small Business

Small businesses are the backbone of the U.S. economy: According to data from the 2010 U.S. Census, there are 27.9 million small businesses registered in the United States, employing 120 million people almost half of the nation s workforce.

Part of what the Small Business Administration (SBA) does is help America s small businesses secure the funding they need to operate and grow. As a federal government agency, the SBA does not lend small businesses money directly. Instead, it sets guidelines for loans that are made by its partners, which include banks, credit unions, community development organizations and microlending institutions. The SBA guarantees a portion of these loans granted by these institutions will be repaid, eliminating some of the risk for lenders.

Kale Gaston, head of the SBA Lending Group for TD Bank in Greenville, S.C. said SBA loans do a great job of helping lenders say yes to borrowers. He also noted that SBA programs provide better access to capital and credit enhancement for small business owners. For example, since the SBA guaranty lowers the risk in case of a loan default, lenders are able to provide funding when the down payment available is too low or the business s cash flow is not high enough for traditional options.

SBA lenders can provide longer terms as well. Instead of five or 10 years for a real estate purchase with a balloon payment at the end, the lender can give terms for 25 years, eliminating the balloon (i.e. final payment) or need to refinance every few years, Gaston said. For shorter-term assets, like equipment, terms could go to 10 years instead of the usual three to five years.

SBA loan programs

The SBA s loan programs are designed specifically for small business owners who don t have access to other reasonably termed financing. There are four main types of loan programs:

7(a) loan program: This is the SBA s primary program to help startups and existing small businesses obtain financing. 7(a) loans are the most basic and most commonly used type of loan, as well as the most flexible. The money can be used for a variety of general business purposes, including working capital, machinery and equipment, furniture and fixtures, purchasing or renovating land and buildings, leasehold improvements and debt refinancing. Loan maturity is up to 10 years for working capital and generally up to 25 years for fixed assets. Borrowers can apply through a participating lender institution.

CDC/504 loan program: This program provides businesses with long-term, fixed-rate financing for major assets, such as land and buildings. The loans are typically structured with the SBA providing 40 percent of the total project costs, a participating lender covering up to 50 percent and the borrower putting up the remaining 10 percent. Funds from a 504 loan can be used to purchase existing buildings, land or machinery, and to construct or renovate facilities. These loans cannot be used for working capital or inventory. Under the 504 program, a business qualifies if it has a tangible net worth of less than $15 million and an average net income of $5 million or less after federal income taxes for the two years before application. The maximum amount of a 504 loan is $5 million.

Microloan program: This program offers very small loans to startups, or newly established or growing small businesses. The loans can be used for working capital or the purchase of inventory, supplies, furniture, fixtures, machinery or equipment. The SBA makes funds available to specially designated intermediary lenders, which are nonprofit organizations with experience in lending and technical assistance. Those intermediaries then make loans of up to $50,000, with the average loan being about $13,000. The loan cannot be used to pay existing debts or to purchase real estate.

Disaster loans: The SBA offers this option to businesses that have been affected by a declared disaster. These low-interest loans can be used to repair or replace damaged real estate, personal property, machinery, equipment, inventory and business assets.

Further details on each type of loan program can be found on the SBA s website .

What you ll need to apply

When applying for an SBA loan, you ll need to fill out forms and documents for the specific loan you re trying to get. The SBA also encourages borrowers to gather some basic information that all lenders will ask for, regardless of the loan type. The following items are usually required:

  • Personal background and financial statements
  • Business financial statements
  • Profit-and-loss statement (three years)
  • Current within the last six months
  • List of debts
  • Projected financial statements
  • Business certificate/license
  • Income tax returns
  • R sum s for key team members
  • Business overview and history
  • Business lease

The SBA also advises small businesses applying for a loan to be prepared to answer several questions:

  • Why are you applying for this loan?
  • How will the loan proceeds be used?
  • What assets need to be purchased, and who are your suppliers?
  • What other business debt do you have, and who are your creditors?
  • Who are the members of your management team?

Why your business plan matters

Whether you re a new startup or an established company, the key to a successful application is a well-written business plan .

The business plan not only is the road map that will guide the business from planning to startup to (hopefully) success, but also will show any potential lender that the potential business owner does have a clear view and understanding of the business, how to run it and, most importantly, how the loan will be repaid, David Hall, a public affairs specialist with the SBA in Washington, D.C. said in an email interview with Business News Daily.

Gaston agreed, noting that lenders want to know how knowledgeable you are about your business and the competitive market.

The concept may be great, but what the lender is looking for is that the individual is driven, capable and determined, Gaston said. You really need to understand what you are doing every step of the way and be able to convey that to the lender during the application process.

Hall also recommended that business owners take full advantage of the business planning resources offered by the SBA and its partners, such as SCORE. SBDCs (Small Business Development Centers) and WBCs (Women Business Centers).

Finding a lender

While Gaston acknowledged that applying for an SBA loan is a process, she said working with a lender that has experience can make that process a lot easier. To find experienced SBA lenders in your area, he suggested talking to folks locally in the market and looking for a lender that is part of the SBA s Preferred Lender program. This program gives thousands of lenders per year delegated authority to approve loans based on certain criteria, shortening the time period between application and approval.

You can find SBA lenders by going online at sba.gov. contacting local accountants and attorneys, and looking for lenders with a large local presence. SBDCs also provide document support and lender referrals.

The SBA program drives a tremendous amount of value in the economy, lending approximately $30 billion to small businesses annually, Gaston said. It takes businesses to the next level, is appropriately structured and enables them to be successful.

Additional reporting by Business News Daily contributor Elizabeth Palermo.

With an Associate s Degree in Business Management and nearly twenty years in senior management positions, Marci brings a real life perspective to her articles about business and leadership. She began freelancing in 2012 and became a contributing writer for Business News Daily in 2015.

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  • Writing a Business Plan: Tips from the SBA





  • How to Write a Business Profile: 10 Steps (with Pictures) #investment #ideas

    #business profile

    #

    How to Write a Business Profile

    A business profile is like a résumé for your company. It lists basic company details and gives you a chance to highlight your strengths. Just like a résumé, you should write each business profile with a purpose in mind. Use it as an opportunity to briefly state why potential clients should work with you, but give thorough and precise details.

    Steps Edit

    Part One of Two:
    Getting Down Company Information Edit

    Can you please put wikiHow on the whitelist for your ad blocker? wikiHow relies on ad money to give you our free how-to guides. Learn how .

    Talk about your company’s ideas. If you have a mission statement, put it here. Otherwise, write out your company vision, guiding ethos, and a little about your history. Telling who you are and what drives you gives your company a human element. It also gives you a chance to do some subtle advertising early on.

    • This is a place you can afford to be a little vague. Mission statements are legally necessary for some businesses, and may need to be specific. For everyone else, try to state what you do without limiting yourself. You don’t want to scare away potential business that thinks you wouldn’t consider expanding into adjacent industries. But it is easy to overdo vague language.
    • A bad example: “XYZ Semantics is a company driven by the pursuit of its dreams. We want to bring you with us on this journey. Our dedication to solutions and innovation make us the leading marketing consultants west of the Mississippi.”
    • A good example: “XYZ Semantics is seasoned and talented team of marketing consultants. Since 1975 we have helped our clients grow their business and profits. Though our methods are complex, our goal is simple: we want to help you sell your product to more customers.”

    Find out more specific details. Check with your secretarial or human resource staff to find out up-to-date details in several areas. You may not need to use all these, but having them on hand will make it easier when you sit down to craft the profile. Set up a way to streamline this process in the future, as you will want to update this information in your profile regularly.

    • Number of employees
    • Turnover. Low turnover can indicate stability, but either way it’s a good statistic to have on-hand.
    • List of all business activities. What are all the areas you work in?
    • Unique equipment or specialties. If you are the only company that produces, say, a rare machine part, you need to mention that.
    • Certifications
    • Imports/exports
    • Your methodology and/or what software you use.
    • Volume of output you can handle. Prospective clients need to know if you are prepared to meet their needs.
    • Delivery stats. How many units do you ship in a given period?
    • Major accounts or clients. This is a way to show prospective clients whether or not you are used to doing business with companies like theirs. It’s also another chance for subtle advertising.

    Sift through all this information. Since you want to keep the profile short, you can’t include every possible detail. Also, not all of them might be strengths. Pick out what might be relevant to include in your profile in various contexts. Keep the other information on hand for future reference, but put the important stuff in one place for easy access.





    How Do I Know If I – m Qualified to Be a

    #business analyst

    #

    How Do I Know If I m Qualified to Be a Business Analyst?

    Are you exploring a career in as a business analyst? Do you find yourself wondering if your skills and experience are relevant to a business analyst role? Would you be interested in learning about how qualified you are to be a business analyst?

    We re going to talk about how to know if you are qualified to be a business analyst, but first I m going to share a funny story with you.

    (Before I forget, I want to be sure you know about my step-by-step BA career planning course (it’s free) that’s designed to help you, the mid-career professional, kick-start your business analysis career. The course will help you dig deeper into each of the concepts outlined below.)

    Just last week, the night before my birthday, I walked down the short flight of stairs after putting our daughter to bed. I smiled at my husband. He was making an odd expression. I continued to look more deeply at him to figure out why.

    I walked over to where he was sitting and said, What s that goofy face for?

    He says, You didn t see it, did you?

    Me: See what?

    He shifts his eyes back toward the stairs. On the ledge we have right in front of our stairway were a dozen yellow roses laying out in plain sight.

    I couldn t believe I had completely missed them. For a split second, I even starting thinking that just maybe my husband tele-ported them there, but then I remembered the laws of physics and found my own eyes to be the culprit.

    I was looking at my husband and his funny expression instead of what was right in front of me.

    This same sort of thing happens to all of us, all of the time. We often don t see what can be obvious to other people or even what other people expect we should obviously be seeing. In all the work I do with professionals transitioning into the BA profession, the most prevalent problem I see is that they overlook significant relevant and transferable skills from their own career background.

    As a result, their answer to the question, Am I qualified to be a business analyst? is a resounding no when it should be a yes or at least a some of the time . (And as we ll see in a bit, some of the time can be a very effective path to business analysis.)

    Today, I d like to help you see the bouquet of roses waiting for you on the ledge at the bottom of the stairs. And to do that we need to look at the concept of transferable skills.

    What are Transferable Business Analyst Skills?

    Transferable skills are skills that you’ve built through experiences in your past roles. In the context of business analysis, transferable skills are BA techniques you’ve used in non-BA jobs or soft skills you’ve developed in perhaps unrelated roles.

    Transferable skills can help you skip past entry-level business analyst positions. This is especially important because there tend to be very few entry-level business analyst positions. And those savored few entry-level positions tend to favor recent college graduates without the salary requirements of an experienced professional.

    If you do have even a few years of professional experience, and a fair amount of the 42 reasons to become a business analyst resonate with you, then you have transferable skills. Getting clear and confident about them is part of your path to success as a business analyst and figuring out what roles you qualify for.

    But What Business Analyst Qualifications Are Transferable?

    When transitioning to business analysis, there are many areas in which to look for your business analyst qualifications. A good first step is to review our list of core business analysis skills that are important for a new business analyst and start mapping your experience to these skill areas.

    Here s a rundown of what you can expect to find during this process:

    • The core business analyst skills. those you might find mapped out in the Business Analysis Body of Knowledge® (BABOK®). will help you get past the screening process for a business analyst role. Any given hiring manager tends to have a checklist of key qualifications they absolutely want to have met by a potential candidate. And even if your experience is informal. it s likely that you can map it to a more formal deliverable or analysis technique. Use the BA terms (appropriately) in your resume and in a job interview and you ll increase your chances of qualifying yourself for a business analyst role.
    • Although managers screen for a specific set of core business analyst skills, they often hire for soft skills. such as relationship-building and the ability to communicate with a diverse set of stakeholders from the business and technical communities. Understanding the key soft skills you bring to the table is critical. Being able to speak to specific experiences where you used those soft skills in a BA context (or close to BA context) can increase the number of BA jobs you ll qualify for.
    • Then there will be skills that set you apart as a candidate and qualify you for specific types of BA positions. These vary widely from technical skills, to specific business domain knowledge, to experience with specific types of business applications.

    What Do I Do with My List of Business Analyst Qualifications?

    Even with a list of transferable business analyst qualifications in hand, a transitioning BA can get understandably frustrated. What business analyst roles do these skills qualify you for? It can often seem as if the grass is greener on the other side of the proverbial fence .

    • If you don t have an IT background, it can seem as if every possible BA job you look at requires some obscure technical skill you have no interest in building.
    • If you do have an IT background, but no business experience, it can see as if every possible BA job you look at requires business domain experience.

    While you will most likely find that the number of roles you aren t qualified for outweigh the number of roles you do qualify for, your career background will qualify you very strongly for a specific set business analyst jobs .

    • If you have a technical background. consider BA roles that include systems analysis responsibilities or blend selected IT duties with a business analyst role. Your experience with specific technologies could qualify you for specific BA roles.
    • If you have a business background from a specific functional area (such as customer service, human resources, or finance), consider BA roles working on the business applications with which you are familiar or supporting this area of the company. Your familiarity with the terminology and processes for that functional area could qualify you for specific BA roles.
    • If you have deep experience in a specific industry. consider business analyst roles in that industry. Your understanding of the industry environment, terminology, and core processes could qualify you for specific BA roles.

    To sum things up, the answer to the question about whether or not you are qualified to be a business analyst requires a bit of analysis. First, you must discover your business analyst skills. Then you want to map them to the types of roles you see in your local job market. Most likely, you will find yourself to be very qualified for some roles, partially qualified for others, and not at all qualified for still others (and this last set will most likely be the biggest, and that s true even for BAs with formal experience).

    With this information in hand, you can decide how and if to move forward in your BA career. And keep in mind, just like those I work with on their career transitions, it s quite possible and actually very likely that you have more relevant experience than you think, and you won t realize what those qualifications are until you go through a skills discovery process .

    Find Your Path Into a Business Analyst Career

    After reading and working through the exercises in How to Start a Business Analyst Career. you’ll know how to assess and expand your business analysis skills and experience.

    This book will help you find your best path forward into a business analyst career. More than that, you will know exactly what to do next to expand your business analysis opportunities.

    Click here to learn more about How to Start a Business Analyst Career

    Stay informed about new articles and course offerings.




    How to Start a T-Shirt Business – 10 Tips #business #blogs

    #t shirt business

    #

    How To Start A T-Shirt Business: 10 Essential Tips

    It seems nowadays everybody s selling t-shirts and, if you haven t started already, you might be next. Before you jump into the t-shirt business you might wanna take a few pointers, and we ve got you covered.

    Here s a guide on how to start a t-shirt business . divided into the 10 most important aspects.

    How to Start a T-Shirt Business

    1. Do your research

    Make sure you re knowledgeable about the clothing industry before you dive in. Get an understanding of how the business works. Read about how other brands became successful, and model a similar strategy.

    Get some insider info from our past brand owner interviews .

    2. Plan everything

    Before you get started, get all the info you can on how to start a t-shirt business and have a clear idea of what you plan on doing. Try to decide things like what kind of t-shirts you plan on selling, who your target market is, whether your t-shirts will be available online only or if you ll eventually be aiming to sell in stores.

    Plan a marketing strategy that involves both free and paid advertising methods of getting your brand in front of your target market. Compose a practical business plan to use as a guideline for operating. For starters, identify your brand s values, mission, objectives, strategies, goals, and long term vision.

    For a good way to organize your planning, try Google Drive .

    3. Know your competition

    You should always know what other clothing labels you ll be competing with. If you re starting a label based on humorous t-shirts you should watch what all the other funny t-shirt labels are doing. Keep track of things like their design variety, pricing, and promotion, because it may spur some new ideas for your own business strategy.

    This can be done easily nowadays by reading the blogs of competitor brands and signing up to their newsletters to keep tabs on what they re up to. This knowledge can help you keep up.

    Keep track of your competitors activity by following indie clothing blogs like Hypebeast .

    4. Create products you believe your audience would buy

    It seems this step should be obvious, but you’d be surprised at some of the t-shirts you can find these days. Test the quality of your t-shirts by getting honest opinions from others, preferably people who are within your target audience.

    To get real feedback from your potential audience, experiment with polls via Facebook .

    5. Know the finances of starting a business

    Once you know what you plan on doing, get an idea of how much everything is gonna cost you. When you start producing and selling t-shirts, keep track of all of your expenses. Get screen printing quotes from several printers and compare prices to get the best deal, without sacrificing quality.

    Add in the cost for labeling, hang tagging, bagging, or whatever other finishing options you might use. Don t forget the shipping envelopes, boxes, and product storage. Don t be fooled by the hundreds of new t-shirt start-ups you see these days; starting a t-shirt business isn t cheap. A lot of this should also help you decide how much you should charge for your clothing.

    Clothing Brand Startup Tools

    Starting a clothing brand? Got a small budget?
    Check out our startup tools for our selection of cost-effective services and products for starting your brand.

    6. Come up with a solid promotion strategy

    Figure out a way to spread the word in a manner that those who discover your brand go on to spread the word to others. For starters, your strategy can include PPC ads, press releases to blogs, and social networking. You can even give away t-shirts with your logo for free. Using guerrilla tactics and promotional items like this can have a tremendous impact on your business growth.

    However, don t be a Cheapo. Sooner or later you ll realize that you re gonna have to spend money to market your t-shirt business, so you should be willing to pay for things like online ads, event sponsorships, and other paid marketing methods. Understandably not everyone is rollin in the dough, so find smart ways to balance paid promotion with free promotion to create an excellent strategy.

    Paid promotion options: Consider a Google Adwords campaign or get social network visibility through a PopularPays .

    Free promotion options: Actively engage your Instagram audience every single day. Follow hundreds of potential fans, comment on and like thousands of photos, and consistently post to your account. Replicate the same strategy through other channels.

    7. Find partners

    You might start out on your own but you should find partners to help maximize your brand s potential and help you reach your goals more efficiently. Aim to have partners within your company while also collaborating with other businesses that may be of some help to you.

    Start with your good friends, skilled associates or trustworthy family members. Still no luck? Try browsing potential candidates through Founder2Be .

    8. Set business goals

    Once you ve educated yourself on how to start a t-shirt business it s time to set some real goals. How many t-shirts do you plan on selling this year? How about this month or this week? Alot of people new to the business have no idea, or just don t care. Then there s the group of people who are too scared to set a goal out of fear that they won t reach it.

    A successful business sets goals for success in order to have a solid idea of what it s working towards. Set a goal and believe in your ability to reach it. As the law of attraction goes: if you know you re gonna reach it, you re gonna reach it. If you decide from this day forward that you will sell 10 t-shirts every week, and strongly believe in your business, you ll do everything you can to figure out a way to get those tees moving. If you don t set a goal you may end up stuck with a box of t-shirts you were too scared to sell.

    Keep track of your goals through Google Drive .

    9. Don t quit because you re not seeing sales the first day

    That s a good way to get you nowhere. Try to figure out ways of improving your designs, your strategy or your work habits. When you re just getting started you re still learning so keep at it. Winners never quit and quitters never win. Read informative, motivational books, to keep your spirits up.

    Frequently visit other brand s websites and blogs, and see how much fun they re having, to remind yourself of where you wanna be in a few years and how bad you really want it. Reanalyze your business plan, promotional efforts, and branding strategy. Consider how you compare to the competition and emphasize your competitive edge.

    Continually expand your knowledge on the business by checking out some of our past t-shirt business articles.

    10. Have fun

    If you re in it just to make a quick buck you’re not gonna succeed and that goes for ANY business. Love what you do and do what you love. Your passion will definitely show in your brand image. The more fun it is, the more productive you ll be. Just don t get too carried away. On second thought, go ahead!

    BONUS TIP:

    Read LAUNCH A KICK-ASS T-SHIRT BRAND for in depth advice and more tips on how to start a t-shirt business. Tons of useful information you can t afford to miss!

    RESOURCES ON HOW TO START A T-SHIRT BUSINESS

    SIGN UP TO DOWNLOAD OUR FREE GUIDE + MORE T-SHIRT BUSINESS TIPS!





    How To Write a Business Plan #online #business #courses

    #small business plan

    #

    How To Write a Business Plan

    Planning for Success

    You ve no doubt heard the expression, Failing to plan is planning to fail.

    Many entrepreneurs write a business plan only when they need to secure start-up financing. However, your plan is far more than a document for banks and investors to read; it s an invaluable roadmap for launching and growing your business.

    In order to put your business concept on paper, you need to think through and research the many factors that are needed to make sure your business is a success. With a plan, not only can you spot potential weaknesses, opportunities, and threats, your plan can help you make informed decisions about your venture before you commit yourself legally or financially.

    Here, we ve summarized the key sections that you ll find in a business plan.

    The Seven Key Sections of a Business Plan

    1. Executive summary

    Your executive summary should be 1–2 pages long, and provide an overview of your business concept, key objectives of your business and your plan, ownership structure, management team, your product or service offering, target market(s), competitive advantages, marketing strategy, and a summary of your financial projections. Your executive summary should be written last, after you ve written the rest of the plan; each paragraph should be a summary of the more detailed, related section of the plan.

    2. Business Overview

    In your overview, include details regarding your business’s history, vision and/or mission, objectives, and your ownership structure.

    3. Products and Services

    Expand upon your products and services, including features and benefits, competitive advantages, and, if marketing a product, how and where your products will be produced.

    4. Industry overview

    The industry overview is your opportunity to demonstrate the viability of your business by discussing the size and growth of your industry, the key markets within your industry, how your customers will buy your products or services, and which markets you’ll be targeting.

    5. Marketing Strategy

    Here you describe your target market segments, your competition, how you ll differentiate your products or services, and your products’ or services’ unique selling proposition (USP).

    • Discuss product or service pricing and promotion, including how your promotional programs will appeal to each of your target market segments.
    • Provide a plan of traditional and guerrilla marketing tactics, such as tradeshows, press-magnet events, social media marketing (e.g. Facebook, Twitter, etc.), networking, and print, media, or online advertising. Include the cost associated with each tactic.
    • Describe how your products or services will be sold (e.g. storefront, online, wholesalers), and your target markets’ buying cycle.

    6. Operations Plan

    Provide a profile of your management team, your human resources plan, your business location(s) and facilities, your production plan (if selling a product), and an overview of day-to-day operations.

    7. Financial plan

    Some believe this is the most important part of a plan – so much so, it’s worth dedicating up to 80% of your time to writing this section. You ll need to show three years’ worth of projected financial statements, including income statements, pro-forma balance sheets, and monthly cash flow and annual cash flow statements. Summarize each statement into a few easy-to-understand sentences and put these in a cover page for the statements. Be sure to document all of the assumptions you used in forecasting your revenues and expenses.

    Download the Small Business BC How to Write a Business Plan checklist and start planning for your business success.

    Business Plan Resources

    Here are some resources to help you with your business plan:

    Import / Export Business Registration Resources:

    Business Plan Review:

    Business Plan Guides:

    Upcoming Seminars





    How to Start a Blog and Make Money From It #business #lawyers

    #work from home ideas

    #

    How to Start a Blog and Make Money From It

    This post includes affiliate links.

    If you want to work from home and make money blogging, then you need to have the right tools, resources, and information to guide your way.

    With an overwhelming amount of information on the web it’s often confusing figuring it all out. Listed below are some of the resources that I use, recommend, or that I’ve found helpful on my blogging journey.

    These tools will not only help get you started but they’ll make the process easier so you can start making money faster.

    First, grab my FREE Blogging e-book. it will teach you how to write great content, get tons of traffic to your blog and most importantly, how to make money from it!

    To start the process you ll need to choose a blogging platform; or in technical terms a content management system (CMS). There are many different CMS platforms to choose between, but I highly recommend WordPress. It s ideal for beginners as it s easy to use and modify, it has tons of functionality, and it s free to use all you need to do is purchase your hosting and domain name.

    WordPress is what I use for this site.

    A lot of people ask me about Blogger, Google’s blogging platform. I’ve heard it’s easy to use. But I also know a lot of people who started out on Blogger, but then had to make the switch to WordPress later on. Do yourself a favor and use WordPress from the beginning, you ll save yourself a lot of headaches down the road.

    Once you decided on a blogging platform you ll need to purchase a domain name and hosting. When choosing a hosting company you’ll want to make sure that you get one that’s reliable, affordable, and that has excellent customer service. Right now I m using a virtual private server (VPS) through, Liquid Web. They have a wide variety of hosting plans, which makes it easy to upgrade your service as your site grows. If I weren t using them, I would probably use Bluehost or Synthesis. as they were created with WordPress users in mind. Over the years, I ve had to switch hosting companies three times which is no fun.

    Need help installing WordPress to your host? Here s an EASY way to be up and running in 30 minutes or less!

    When I first launched my blog, I had a graphic designer create a custom design for me. And while I loved my design it was very expensive! If I were just starting out again, I would use Bluehost with their 1-2-3 easy upload and a template from StudioPress (which is what I m using now). Not only are these templates affordable (like $99), but they look great and they re super easy to modify. To help make your site stand out, I do suggest getting a custom logo designed. If you re launching your blog on a shoestring budget, try Fiverr where freelancers only charge $5 for their services. I haven t used Fiverr for logo design, but I have used them for other sorts of images, and I ve been happy with the results.

    To get traffic to your blog you’ll want to utilize social media platforms like Facebook, Twitter, LinkedIn, Foursquare, Instagram, and Google Plus. Seem overwhelming? To help manage all of these social media platforms, I use HootSuite. I’ve tried other applications, but this one has the most functionality, and it is the easiest to use. You can schedule updates and manage all of your accounts in one place, and best of all it s FREE!

    The one network that you can’t manage from HootSuite is Pinterest. For Pinterest, I use BoardBooster to manage my pins. It s only $5 a month and so worth it! You can schedule pins and re-loop your pins so that they receive maximum exposure.

    For tips on how to maximize your Pinterest efforts, check out these resources:

    To create pin-friendly images for your blog posts, I recommend PicMonkey or Canva. I started out using PicMonkey, which is easy to use, and it gives you professional looking images in a flash. But now I mostly use Canva. It has premade templates and font combos which help me create professional looking images quicker. Each platform is free for basic usage with permeium features costing just a bit more.

    For stock images I use StockFresh and DepositPhotos not only do they have high-quality photos, but they re affordable.

    Part of getting traffic is writing awesome content. To make sure your content is excellent you ll need to edit your posts for punctuation, grammar, and spelling. Now you can do this manually, but I ve found that even when I go back and proofread two or three times I often miss typos. Of course, you can hire an editor to proof your content, but that can get expensive. A more affordable option is to use an editing software or program. I ve tried a few different platforms out and by far my favorite is, Grammarly. It s easy to use and catches errors that word processing programs miss. It also tightens up your copy so you re using an active voice.

    From the first day, you launch your blog you need to make sure that you’re building an email list. SEO rules and social media platforms are constantly changing. But with an email list, it is something that you own, and that can always be used to reach your audience. Personally, I use Constant Contact I love them! They have lots of professional looking templates to choose from, it’s super easy to use, and they have added features like auto-responders. They even offer a FREE 60 trial so you can test them out without any obligation.

    Search Engine Optimization (SEO):

    The majority of my traffic comes from Google, and this is because certain keyword phrases on my site have ranked well with the search engines. Search engine traffic is free, and you’ll want to take advantage of it. I used to recommend Holly Klaassen’s e-book, 50 SEO Secrets for Mom Entrepreneurs, but she s no longer selling it.

    So to get familiarized with SEO here are some useful articles on the basics.

    I have read a ton of blogging books over the years, and these are the ones that have SERIOUSLY helped me on my journey!

    There are so many ways to earn money from your blog, from direct ad sales and ad networks, to affiliate marketing and digital earning so make sure to check out these must-read articles.

    As a career blogger, you ll need to keep meticulous records of your income and expenses. The first year I started out, I made the mistake of keeping all of these transactions in a spreadsheet which made tax time a nightmare. Since then I ve been using GoDaddy Bookkeeping (formerly, Outright) which has simplified the whole process because it automatically updates your transactions from your PayPal and checking account. The online platform is super easy to use, and I highly recommend it for all monetized bloggers.

    Hope you found this roadmap helpful. Good luck on your blogging journey!

    This post includes referral and affiliate links. Please be aware that we only promote advertising from companies that we feel we can legitimately recommend to our readers. See our disclosure policy for further information.





    What is business acumen and how do you get it? Practically Perfect

    #business acumen

    #

    What is business acumen and how do you get it?

    September 9, 2013 December 29, 2015

    Over the last few weeks I have been developing a twitter strategy for one of my company s clients. They are an online events business and we are helping them with their marketing so I have been learning about hybrid and online events. I already know how to market via social media, I understand the world of events and I can create content fairly easily but prior to. oh I don t know a few weeks ago I knew very little about hybrid events. I would be able to tell you what a hybrid event was but very little else, now I have online event information seeping out of every pore (it isn t very pleasant!)

    The reason I can bring myself up to speed so quickly is because I have spent 10 years working as an assistant and I have become very good at developing business acumen! I also hopped from one industry to another so I had to constantly learn how these business were run, the jargon that was used and the different codes of conduct each industry sector had. I had to understand all of this to support my boss effectively.

    I think it is so very important for assistants to have good business acumen because without it I don t see how we can support our managers or move up the career ladder.

    So what is business acumen?

    I really like this definition of business acumen, it is from the Financial Times Lexicon :

    In practice, people with business acumen are thought of as having business sense or business smarts . They are able to obtain essential information about a situation, focus on the key objectives, recognise the relevant options available for a solution, select an appropriate course of action and set in motion an implementation plan to get the job done.

    So that sounds easy to achieve right? Erm no, I didn t think so either! Developing business acumen takes time, it has to be achieved through learning and training and ultimately it has to be part of your ongoing development plan. Expanding your business acumen has to be constant.

    Having strong business sense isn t easy to develop but it is incredibly important for an assistant to have. We support people that have very strong business acumen, they wouldn t be in the position they are in without it! How can we support them if we do not have an understanding of their business, their strategic objectives and the pressures they face on a daily basis? The difficulty is that a lot of organisations don t understand this need and do not offer assistants the opportunity to attend training courses or take time out of their day to build their business acumen. Many bosses do not see the potential in their assistants or the added bonus of having an assistant with a good knowledge of the business and what that means in terms of the extra support they would receive.

    So how do we develop business acumen?

    There are of course ways around this problem but it does mean that assistants will have to be particularly proactive in developing their own business acumen. Trust me though it is totally worth the effort!

    Firstly, is your manager supportive of your training needs? If so, well done! Ask that you attend training courses on the areas that you could improve, for example business finance or process management. If your manager is supportive then build business acumen improvement into your overall development plan and ensure you have an objective based on the wider business such as working on a cross departmental project.

    Does your organisation have a graduate programme? If it does then ask to attend their initial training sessions on the industry. I did this when I first started working in insurance. There was so much jargon and codes of conduct, especially when working with Lloyd s of London that I asked to attend an Introduction to Insurance course which was in-house and specifically for the new graduates. I was the only EA on the course but it was so helpful and didn t cost my company a penny.

    Does your manager subscribe to business magazines? If they do, this is great because you open their post and can read the magazines before giving it to them! Don t worry I don t think they will be offended that you are reading their magazine they will probably be in total shock that you are taking an interest! Not only does this help with your business knowledge it also gives you something to talk to your boss about, which is great when you don t have a lot in common.

    This brings me to a really important point! Read everything. I love Julie Perrin s blog on business acumen for administrative professionals because it really goes into detail on what assistants should be reading and how to actually create the time to read. This is well worth the read, once you ve finished reading my blog obviously! Reading business material does not cost your company anything and I honestly think it helps enormously.

    Do you take minutes at meetings? Again this is another fantastic way to increase your business acumen. In a previous role I managed 12 Committees all of which had a special interest in different areas of accountancy. I attended all of the Committee meetings and took all of the minutes. During the meetings I would really listen to what everyone was saying and take notes on anything I didn t understand so that I could research it later. I would also talk to the members during refreshment breaks and read all of the supporting documents along with their regular newsletters. Oh my goodness, by the end of the 4 years I worked in that role my knowledge of accountancy was extraordinary! I once attended a networking event for one of the Committees and talked to a new member for half an hour before he realised I wasn t actually an accountant (thank God!)

    Lastly do you attend meetings with your manager? This task will bring you into contact with the company’s decision makers and you will be privy to their conversations and how they come to make decisions. Ensure you listen to these people. If you know why decisions are made in the company then you can start to make choices about your everyday work following the same strategy as the executive team. This will massively increase your knowledge and keep you focussed on improving your business acumen. When it comes to your review you can demonstrate to your manager that not only do you understand the company’s strategy but you are also implementing it into your own work by thinking strategically. This depth of knowledge will be impressive because they might not think you consider the bigger picture.

    Understanding the bigger picture, where your boss fits into it and in turn how you can help support their goals is a fundamental requirement of a great assistant. Developing your business acumen will also give you a fantastic foundation and allow you to move up the career ladder and gain a well deserved promotion.

    And the ability for both of you to exchange information easily online
    makes your being in-house less of a need. Audit-ready books
    also enable a company to make more knowledgeable decisions on a time-sensitive basis.
    If you are an employee of such a company, you need
    to preserve the company. On the grounds that clerk services are
    frequently served on an hourly groundwork, people who work snappier will permit you to
    recover more.





    How to Apply for Your First Business Loan #start #a #business #ideas

    #apply for a business loan

    #

    How to Apply for Your First Business Loan

    Continue Reading Below

    Unless you plan to fund this enterprise solely with savings—not recommended unless you are fabulously wealthy—you’ll need a business loan. As any lender can tell you, the better prepared you are before making your request for business credit. the greater the likelihood of getting approved.

    Part of this preparation is understanding what bankers will need to approve you. Banks make a major portion of their profits from loans. They’re not in the business of saying no; they just say it when your application doesn’t meet lending requirements, which are much stricter now than before the financial crisis. But be aware that start-ups are almost always considered risky bets, and many lenders are reluctant to finance them. Also know that many larger banks won’t even consider small loans, which are less profitable than larger loans but require the same amount of time to analyze and administer.

    Don’t let these discourage you. Get organized. How small is small? According to the Small Business Administration (SBA), the median small business loan from a financial institution is roughly $135,000, with highest around $250,000. SBA loans, which are not underwritten by the US Government but by SBA partners (lenders, community development organizations and microlending institutions), range from $5,000 (a microloan) to $5 million, with the average around $371,000.

    Do Your Homework So what exactly are lenders looking for? Basically, they’re searching for clues that your business will be able to repay the loan, plus interest, with metronomic regularity. Most financial institutions will expect the loan to be fully secured. either with business assets or personal collateral. Having some skin in the game, meaning you have your own equity invested in the business, strongly works in your favor.

    Lenders also will be looking at opportunities to profit from your success, so as your business grows, so will your business relationship. The buzzword in banking circles these days is cross-selling, so your business loan provider may also seek to be the issuer of your business’s credit cards and holder of your treasury accounts. Lenders will also be looking at you—your personal finance record, your credit score. your assets, your work experience, and your character. If you’re starting a business for the first time, having partners with the experience and track record that you lack may also be a requirement.

    Continue Reading Below

    The Questions You Need to Answer Once you’re ready to make your request, ask the financial institution for the documentation it requires. Then, be prepared to answer the questions, in depth, on the right side of the chart. Once you’re ready to make your request, ask the financial institution for the documentation it requires. Then, be prepared to answer the questions, in depth, for each of the categories listed below.

    Purpose: What will the funds be used for? (Note that banks won’t lend for speculating, passive investments, pyramid sales or gambling.)

    Amount: How much money do you want to borrow? Why that particular amount? Term and

    Repayment Plan: For how long will you need the money and what is your specific plan for repayment?

    Collateral: What assets, business or personal, do you intend to use as collateral? What is their market value? What portion of their value can you use as collateral?

    Asset and Liability Statement: Your current, complete business asset and liability financial statements (your balance sheet).

    Current Income and Financial Performance Statement: Your current, complete business statement of income and expenses (your profit and loss statement, or P L).

    Business Plan Details: Your written plan for your business including goals and action steps, timetable, resource allocation, funding required, and related financial data. You may be asked for cash flow projections for at least a year.

    Historic Financial Performance Information: Past business financial performance information under your ownership or under the previous owner’s ownership.

    Other Information As Required: Information about you (your C.V. your loan Guarantor—someone who will pledge his/her assets and financials to guarantee repayment of the loan should you default. Guarantors can be a legitimate tipping point factor in getting a “yes” to the credit request.

    If You’re Turned Down What do you do if you get a no? Don’t give up. Pursue the reasons for the rejection. Was it a procedural thing—a missing piece of information on the application—or something else? Then ask what would it take to get a yes.

    You can then either alter your request accordingly and resubmit it, or take it elsewhere. If you keep hitting a brick wall, consider alternative sources of funding. Many entrepreneurs seek out financing from family and friends. Some use their available credit from credit cards or home equity lines of credit to finance their businesses.

    If your no comes from a commercial bank, consider community banks and credit unions, many of which specialize in small business loans. You may also want to look into alternative sources of business credit, like Kabbage.com, which offers cash advances of between $500 and $50,000 to businesses that already have a performance record, such as online sales. If you do decide to go online to fund your business, be sure you understand all of the terms and conditions of the financing, as they can differ from conventional small business loans.





    Business Opportunities – How We Made It In Africa #types #of #business

    #business opportunities

    #

    Business Opportunities

    Browse our Business Opportunities listings to find exciting business and investment opportunities in Africa.

    Looking to grow your business in Africa? Promote your company s Distribution, Franchise and general Business Opportunities to How we made it in Africa s 100,000 monthly visitors. Click here for more information about listing an opportunity.

    Opportunity to distribute a range of duty-free products.

    Type of Opportunity: Distributor / Agent / Reseller

    Distribute computing carry cases and mobile accessories throughout Africa.

    Type of Opportunity: Distributor / Agent / Reseller

    Maritz Africa disclaims all liability for any loss, damage, injury or expense however caused, arising from the use of, or reliance upon, in any manner, the information provided through this service and does not warrant the truth, accuracy or completeness of the information provided. The publisher’s permission is required to reproduce the contents in any form.
    Copyright © 2016 — Maritz Africa. All Rights Reserved.





    How to create an invoice #boston #business #journal

    #business invoices

    #

    How to create an invoice

    Last Updated: 7 July 2016

    If you re providing a tax invoice, there are some things you need to include on it for it to be valid. Ensuring your invoices are correct and complete will help you claim your full tax entitlement.

    Custom designed invoices

    Voluntary standards apply to the layout of tax invoices to help make it easier for your customers to locate important information. If you plan on creating a custom design for your invoice, it s recommended that you follow these voluntary standards as a guide.

    Features such as business logos, paper colour, font style, advertising and other additional content on your invoices are not affected by these voluntary standards.

    For regular invoices (not tax invoices), it s recommended that you also use these standards as a guide, though you re not required to do so.

    What to include in a tax invoice

    Tax invoices must include at least seven pieces of information to be valid. Depending on the value of the invoice and what was sold, there may be more requirements.

    For sales of less than $1 000, the seven details are:

    1. The words Tax Invoice must be used preferably at the top.
    2. Your identity as the seller, such as your business name or trading name. Contact details are optional, but recommended.
    3. Your ABN or ACN.
    4. The date the tax invoice was created.
    5. A brief description of the items sold, including quantity and price.
    6. The GST amount (if any) payable. You can display GST for each item in a separate column, or within the total price. If you choose not to display it separately, use a statement such as Total includes GST as this is needed for the next detail.
    7. The extent to which each item sold includes GST. You ll meet this requirement if you either:
      • show the GST amount for each item
      • clearly state that the total price includes GST.

    Tax invoices for sales of $1 000 or more also need to show the buyers identity or ABN.

    Examples of tax invoices

    Check out the ATO s website for examples of tax invoices, including examples for the following scenarios:

    How can I send my customers their invoices?

    The way that you provide your customers with invoices is generally your decision. Depending on the circumstances, you could choose to send your invoice via post, fax, email, printable web page or provide it face to face.

    Regardless of which method you choose, sending the invoice at the time of purchase is recommended to encourage prompt payment. If your customer requests a tax invoice from you, there is a requirement that you provide it within 28 days of the request. Your method of delivery should take this into account.

    The method that you choose must also allow for record keeping requirements to be met.

    Record keeping requirements

    By law, you re required to keep business records for at least 5 years. Whether you keep printed or electronic records is up to you.

    You need to keep all invoices for income you ve received and payments you ve made to others. These will help you prepare your Business Activity Statement (BAS), income tax return and other tax obligations.

    Check out the ATO s Manage your invoices, payments and records for more information on these requirements.

    Dealing with unpaid invoices

    There are a number of ways that you can deal with unpaid debts and customer disputes. Read our managing unpaid debt page for helpful tips and resources.

    You can also check out our case studies on payment disputes for independent contractors.

    What happens if the tax invoice is incorrect?

    If the tax invoice you sent is incorrect or incomplete, it s not a valid tax invoice. You ll need to replace it with a complete and correct tax invoice.

    If you receive a tax invoice with missing information, you can still treat it as a valid tax invoice if you re able to find the information within other documents the supplier has given you. Alternatively, ask for a new one with the correct information.

    Tips for invoicing

    By following some simple tips, you can help boost your cash flow and reduce the risk of unpaid invoices. Try the following when sending your next invoice:

    • Include your payment terms on the invoice and ensure your customer is aware of them. For example, requiring payment to be made within 30 days of receiving a correct, valid tax invoice.
    • Be timely and predictable. Being prompt when sending your tax invoice ensures that you re paid as soon as possible. If you need to send invoices on a regular basis, try sending them at the same time of day so that your customer knows when to expect them.
    • Offer a variety of payment options and state these on your invoice.
    • Try sending your invoices via email. It can decrease the chance of your invoice being lost in the mail and help encourage a prompt payment.
    • Be detailed in your item description field. Being detailed and providing a full account of the product or service you provided can help reduce the chance of a dispute.

    What to do.

    Was this helpful?

    Thanks for your feedback. If you have any ideas on how we can improve, we’d love to hear them.

    Please provide your comments in the feedback form .

    You might also be interested in





    Window Cleaning Coach: How to Start a Window Washing Business, Tips, Advice,

    #window cleaning business

    #

    Hi, my name is Dave and I run my own successful window cleaning business called ShineTime in Birmingham, England.

    The reason I’ve created this website is because I found that there was a lack of free information on setting up your own window cleaning business when I first started.

    Instead I found there are a lot of opportunist window cleaners on the internet who are selling their knowledge (you can’t blame them really can you).

    I realise when you’re setting up your own business funds are tight, so I’ve decided to give my expertise away for free.

    The reason for this generosity you might ask? Well window cleaning helped me out of a tight spot: I was working in a dead-end factory for minimum wage and wasn’t too happy about the situation.

    I finally decided to start my own window cleaning business, and after a lot of trial and error my business became successful. I want to help other people thinking of starting their own window cleaning company avoid some of the mistakes I made when I first started by doing this informative website.

    Let’s get one thing straight, being a window cleaner is a horrible job: in Winter you feel like your hands are going to drop off, if you’re working by yourself it can become very lonely, and sometimes your customers can give you hassle. As you’re the head of the company you’re the one who has to deal with troublesome customers because there’s nobody to pass the blame onto.

    It’s not easy either, most people seem to think it’s just a case of buying a bucket, getting a chammy and you’re away. Sadly there’s a lot of competition out there, it’s highly likely you’ll find all the best areas where you live (the posh ones that make you the most money) are taken.

    You have to be prepared to work hard to build up your round and be able to discipline yourself because there’s no boss to kick you up the arse when you feel like having an impromptu day off. It’s very easy to slip into the habit of thinking: I can’t be bothered with it today. or I think I’ll knock off early .

    It’s good to have the freedom that only comes with being your own boss, but it still doesn’t mean you can spend every other day in bed. Disappointing I know, but that’s life.

    I want to make it clear that not everybody is suited to self-employment, some people need a person watching over them to make them work. If this is a description of you then you probably shouldn’t bother wasting anymore of your time on this site. Instead, you may want to consider looking for other cleaning jobs first to get some experience and see if a window cleaning career is really for you.

    Despite all the drawbacks however, I believe if you’re desperate, i.e. stuck in a job you absolutely hate, or unemployed and on the dole, then window cleaning could be for you because it’s a realistic way of making a respectable living for a person who has no other options, just don’t expect to be driving around in a Bentley anytime soon.





    How to Design the Best Website For Your Business #business #plan #sample

    #business website design

    #

    Think of your company’s website as a first impression for potential future clients. Is it easy to navigate, and does it clearly convey your business’s products and services? If not, visitors may lose interest and abandon your site, which will not add up to repeat customers.

    Scott Prindle, VP/Executive Creative Technology Director, and Winston Binch, Partner/Managing Director of Interactive at Crispin Porter + Bogusky, the famed Miami-based advertising and design agency, offer their advice to small business owners on how to design the best website for their small business, and ensure that visitors keep coming back.

    Small Business Website Design: Make It Clear to Visitors What Business You Are In

    Since you only have a few seconds to engage your visitors and keep them on your site, it’s important that your value proposition and intent be clear the instant customers hit your homepage, says Binch. Great visual design, animation, and pretty pictures can always enhance a website, but you need to take your business’s message into consideration, too.

    ‘Don’t underestimate the expressive power of simple language,’ Binch says. ‘For example, take a look at Facebook’s homepage; they do a really good job of making their service obvious the moment you arrive. Since the first text you see on the login page proclaims, Facebook helps you connect and share with the people in your life. it’s pretty hard to confuse what they’re selling.’

    Small Business Website Design: Make Your Website Easy to Use

    If you’re building something from scratch, the first step is to ensure you have the right minds working on the project. Most importantly, it’s crucial you have both information architects and technical developers front and center of the creative development process. They will be there not only to contribute conceptual ideas but also to help you present users with an experience that is efficient and pleasant from a user flow, navigation, and technical perspective.

    ‘The Internet is cluttered with bad websites,’ Binch says. Make yours one of the most usable, and you’ll attract an audience and form lasting relationships with your customers.’ He recommends that your website focus on easy-to-use site navigation and on creating pages that achieve quick download times. Readable text throughout, and share functionality (which will allow a user to post something from your site on Twitter or Facebook) is a helpful addition, too, he adds.

    Dig Deeper: Has Your Business Outgrown Its Web Developer?

    Small Business Website Design: Don’t Underestimate SEO

    According to Prindle, if you’re site is not search-engine optimized, you’re basically cutting off almost all possibility for organic traffic or chance encounters with your brand. If you let your idea ultimately guide the technology solution, that’s a start, but you’ll want to make sure it works well with leading search engines, including Google, Yahoo, and Bing. At a minimum, be sure that you’ve generated a site map, and your title tags, heading titles, and site description are filled out appropriately.

    ‘If your budget allows for it, get an SEO company or a consultant to do a quick audit of your site,’ Prindle advises. ‘There are always optimizations to be made, and you should always be looking at ways to improve your search ranking.’ Additionally, if you are a new company, you should consider buying sponsored link placements through popular search engines. ‘It’s a good way to attract new users right out of the gates,’ he says.

    Dip Deeper: How to Improve Your Website’s Search Ranking

    Small Business Website Design: Give Your Brand A Soul

    Many corporate websites lack soul. They tend to use stock imagery, business jargon, static content, and generic web design – all of which undermines the user experience. That’s a serious problem, Binch says, because your site plays a crucial branding role, serving as the digital interface between your customers and your company, product, and services. The best way to create a positive branding experience is to be yourself: Be transparent, speak to your customers on a real-time basis, and let them connect with each other through your brand.

    ‘A company like Zappos is not just selling a solid e-commerce product,” Binch says. “It is also selling a culture of innovation and exceptional customer service, and the team at Zappos use the their digital presence as the primary means to do that. Luckily, with social technology, like Twitter and Facebook, it has become pretty easy to make your Web presence interactive and collaborative.

    Small Business Website Design: Don’t Forget the Mobile Web

    Not too long ago, we considered mobile sites a nice-to-have add on. That is no longer the case. At present, approximately 5 percent of traffic to CP +B’s site comes via mobile phone, Prindle says. And over the next year, as more smart phones hit the market, and carriers continue to enhance the capability of cellular wireless standards, Pindle says he expects that number to dramatically increase.

    ‘What that means is that you and your company need to be there,’ Prindle says. ‘Our mobile web strategy centers around creating designs for three screen sizes: PC, smart phone, and the basic (or WAP) phone. Once you’ve covered the basics, monitor your site metrics, and if you have a growing and engaged mobile audience, think about getting into the application game.’

    Small Business Website Design: Use Analytics to Track Everything

    According to Binch, your website redesign should never be over. ‘Make sure you identify clear and realistic brand and business goals for your site so that you have numbers to optimize against after you go live,’ he says. ‘Then, you’ll want to think about the different parts of the experience you want to track in order to support your company goals.’

    If you’re challenged from a budget perspective, Binch suggests using the free Google analytics package: ‘In addition to the more expensive solutions, such as Omniture and WebTrends, we use [Google analytics] across all of our client work.’ Once you’ve confirmed that all of your tags are working, make sure you pull weekly reports and start looking critically at how people are using your site. Fortunately, it doesn’t take long to observe trends, but it’s still important to be relentless in your pursuit of delivering an optimal user experience, he says.

    Dig Deeper: Improving Your Sense of Site





    How to write a perfect professional email in English in 5 steps

    #business emails

    #

    How to write a perfect professional email in English in 5 steps

    For most of us, email is the most common form of business communication so it s important to get it right. Although emails usually aren t as formal as letters, they still need to be professional to present a good image of you and your company.

    How to write a formal email

    Follow these five simple steps to make sure your English emails are perfectly professional.

    1. Begin with a greeting
    2. Thank the recipient
    3. State your purpose
    4. Add your closing remarks
    5. End with a closing

    Download our free ebook: Everyday English Vocabulary 38 pages which points useful words and English phrases to help you have a better understanding of what’s going on around you.

    Begin with a greeting

    Always open your email with a greeting, such as Dear Lillian . If your relationship with the reader is formal, use their family name (eg. Dear Mrs. Price ). If the relationship is more casual, you can simply say, Hi Kelly . If you don t know the name of the person you are writing to, use: To whom it may concern or Dear Sir/Madam .

  • Thank the recipient

    If you are replying to a client s inquiry, you should begin with a line of thanks. For example, if someone has a question about your company, you can say, Thank you for contacting ABC Company . If someone has replied to one of your emails, be sure to say, Thank you for your prompt reply or Thanks for getting back to me . Thanking the reader puts him or her at ease, and it will make you appear more polite.

  • State your purpose

    If you are starting the email communication, it may be impossible to include a line of thanks. Instead, begin by stating your purpose. For example, I am writing to enquire about … or I am writing in reference to … .

    Make your purpose clear early on in the email, and then move into the main text of your email. Remember, people want to read emails quickly, so keep your sentences short and clear. You ll also need to pay careful attention to grammar, spelling and punctuation so that you present a professional image of yourself and your company.

  • Add your closing remarks

    Before you end your email, it s polite to thank your reader one more time and add some polite closing remarks. You might start with Thank you for your patience and cooperation or Thank you for your consideration and then follow up with, If you have any questions or concerns, don t hesitate to let me know and I look forward to hearing from you .

  • End with a closing

    The last step is to include an appropriate closing with your name. Best regards . Sincerely . and Thank you are all professional. Avoid closings such as Best wishes or Cheers unless you are good friends with the reader. Finally, before you hit the send button, review and spell check your email one more time to make sure it s truly perfect!

  • Aren t you an EF English Live student yet? See the general and business English course in action by requesting a one month for only one dollar* trial. Find more information about essential professional English tips here .

    Wil is a writer, teacher, learning technologist and keen language learner. He’s taught English in classrooms and online for nearly 10 years, trained teachers in using classroom and web technology, and written e-learning materials for several major websites. He speaks four languages and is currently looking for another one to start learning.

    Wil





    Communications Guide: How to Improve Your Communication Skills #business #laptops

    #business communication skills

    #

    A Crash Course in Communication Need a quick refresher on effective interpersonal interaction? Two communication experts offer 12 steps to smoother conversations. Lost in Translation Thanks to e-mail, BlackBerrys, and text messaging, the face-to-face encounter is becoming a dying art. Here’s why you should revive it. The Power of Listening How does an old-line manufacturer in a stagnant industry manage to grow 25% a year for 10 years? By taking its employees seriously. Do as I Say: Quick Tips for Masterful Communication Tired of doing all the talking and not having your message get through to your staff? Try these suggestions to improve your leadership communication skills. Just Listen to Yourself Tape yourself to better understand your communications style. Powerful Questions Can Have a Powerful Effect Questions can be one of the most effective communication tools available to us. Do you use questions enough in your day-to-day interactions? When Do You Lie? Strategies For More Authentic, Respectful Communication Lies come in all shapes, sizes and colors. (Ever heard of flat-out, teensy or white lies?) This article focuses on when it’s appropriate, if at all, to lie. 10 Tips for Communicating Change Transition is inevitable, but exactly what you say and how you say it can make a major impact on how change is handled in your company. How to Motivate Employees Kevin Plank, founder of Under Armour, says it is vital to maintain regular face-to-face communication with employees even as a company expands. The 4-1-1 On Constructive Criticism Being critical is easy, and offering criticism seems easier still. Yet constructive criticism – – the more refined and effective brand of critical feedback – – is like an art. Lost in the Translation Tips on communicating with employees who don’t speak English.
    How to Say You’re Sorry Apologizing is part of doing business. But do it wrong, and you’ll really be sorry. Tips on Becoming a Good Conversationalist In this excerpt from How to Work a Room: The Ultimate Guide to Savvy Socializing in Person and Online learn tips for becoming a talk target — someone with whom it is easy to make conversation.
    10 Tips for Successful Networking Keith Ferrazzi needs two PalmPilots to keep track of all his contacts, people like Bill Clinton and Michael Milken. But there’s far more to cracking the inner circle of the power elite than just taking names.

    Powerful Presentations Small-business columnist Rhonda Abrams shares nine strategies for giving powerful presentations. Reinventing the PowerPoint New tech tools to liven your tired old PowerPoint presentations–and give your online marketing efforts a boost. Perfecting Your Pitch Check out these tips from entrepreneurs and business experts on creating pitches that can help you raise capital. More Power Than Point PowerPoint (or “presentation software”) has become the lingua franca of American business. It’s also become the problem with American business. Best of the Net: Power Brokers When it comes to presentation software, most users agree there’s one clear standard. We’ve found some Web-based resources to help you make your point. Captivate Audiences with Powerful Presentations Do you want your speeches to pack a punch? Professional speaker and speech consultant Patricia Fripp offers ideas on humor, movement, and vocal techniques. Short and Sweet: Mastering Quick Presentations Called on to make a brief speech? Professional speaker and speech coach Patricia Fripp offers tips for saying what you want, short and sweet. Present Before You Propose Improve your presentation by saving handouts until the end. Finding the Perfect Pitch Watch three rookies gear up for the investor presentation of a lifetime. The Seven Habits of Highly Effective Presenters Entrepreneurs learn pretty quickly that making a verbal pitch to investors is very different from submitting a written business plan. Here are seven good practices gleaned from a venture-capital boot camp. Elements of a Winning Pitch A presentation to potential investors in your business — to family, friends, or angels — should include most of these elements.

    Escape From Meeting Hell It’s time for another soul-sapping, oxygen-depriving, time-wasting, mind-numbing company meeting. Or is it? We offer 15 clever solutions to the problems with most meetings. Meetings Go Virtual Web conferencing and other collaboration technologies — tools that help people work with one another through their computers — have become more available and affordable. This is a boon for smaller companies whose only previous collaboration option was to gather workers in a room with coffee, donuts and a whiteboard. Meetings 101: Was That a Good Meeting, or a Bad One? Five simple factors that help ensure every meeting is a good meeting. Tools for Boosting Communication Effectiveness Tips on how to boost the effectiveness of communication in meetings, during change initiatives, and in interviews. Advice on Getting the Most Out of Meetings Keith Lamb shares some advice on getting the most out of your meetings. Cure the Sick-Meeting Ills Ineffective meetings may be wasting time and lowering morale. Two communication experts offer seven strategies for dramatically improving your meetings. How to Manage Meetings More Effectively A look at companies that hold unique meetings for developing products, building camaraderie, generating ideas, and reviewing employees’ needs and achievements.

    Writing and Organizing a Winning Speech Public speaker and speech consultant Patricia Fripp suggests following one of two basic outlines for your speech. She also offers speechwriting tips. Polishing and Rehearsing for a Perfect Presentation You’ve written a speech, but there’s still work to do before delivering it. Patricia Fripp gives six suggestions for making sure your speech hits home along with several ideas on effective rehearsing. Deliver a Stellar Speech Powerful presentations happen when you check out the room in advance and work to connect with the audience when talking. Patricia Fripp offers ideas for ensuring that what you say is a smashing success. No More Pre-Speech Jitters From virtual reality therapy to positive visualization, we’ve got relaxation techniques to help offset your fears of public speaking. Free Speech Preparing for a big speech? Resources on the Web can help.

    Work through Writer’s Block Need help working through some written projects? Two communication experts offer eight tips for clear and effective writing. Writing Well on the Web Content is king. Here are easy ways to make your website more reader-friendly. Polish Your Prose Poor grammar and punctuation in proposals and reports could cost you business. How to Blog The trick, say experts and longtime bloggers, is restraint. “For marketers, it’s about being more authentic, which is so ironic,” says one analyst.
    How to Drive Traffic to Your Company’s Blog Driving traffic to your small business’ corporate blog takes equal parts old-fashioned marketing and contemporary Web tools.

    Troubleshooting

    Are You Assertive or Aggressive? Assertiveness is the skill that tops the list for success or failure in any workplace situation. Learn how to be more assertive — not aggressive — and apply it to your interactions. Get Your Point Across without Being Rude Is your communication style a little rough around the edges? Here are five techniques for saying what you mean without making enemies in the process. Communicating When People Leave You Speechless Improved communication is a nice idea, but can it work in the real world? Take a look at these real-life business issues and suggestions for better communication that may lead to better business.





    Cupcake Business, How to Start a Cupcake Business, Sell Cupcakes #business #degree

    #cupcake business

    #

    Cupcake Business

    • Does everyone rave about your cupcakes when you bake for family and friends?
    • Are you known as the Cucpake King or Cupcake Queen amongst your friends?
    • Have you ever thought you could start your own cupcake business?

    If you answered YES to at least two of these questions then this page is specially written to answer all your questions.

    I am often asked how to sell cupcakes and how to start a cupcake business.

    Bake for family and friends

    My first suggestion would be to make cupcakes for family and friends at every possible opportunity. Wherever you go, take cupcakes. It won’t take long before your friends and family will start asking you to make cupcakes for them. Then their friends will ask and so on and so on.

    It may take a while to build up orders but you can have lots of fun trying new recipes and deciding the easiest way for you to frost the cupcakes.

    Choose reliable recipes

    Choose recipes that are fool-proof and always please your customers. In the beginning it is probably best to concentrate on two or three favorite recipes that you know are crowd-pleasers.

    I love my Chocolate Obsession recipe as it keeps really well. This is important if you have to bake an order a day before it is due so that you have plenty of time to frost without the cupcakes going stale.

    Distribute flyers and sell at local malls and swap meets

    You can put up notices at local shopping malls advertising your cupcakes. Going to local swap meets, car boot sales or taking a stall at a fete are other ways to advertise and start selling cupcakes.

    Print up some flyers and do a letterbox delivery in your local area. These are all relatively cheap ways to get started but they also bring good results.

    Give out free samples

    I know you don’t want to give away your profits but make mini cupcakes and give them away at local shopping areas. Attach a small flyer or business card to each cupcake that contains all your contact details.

    Give cupcakes away at local charity events so that your name can be listed amongst the sponsors. Nobody knocks back free cupcakes.

    Price cupcakes properly for your market

    A cupcake business can be started with very limited funds if you are able to work from home. If you price your cupcakes properly you should see profits very quickly.

    Don’t try to undercut your competitors with your pricing. Even if you are working from home make sure that you include all your overheads. You have to think big and realise that if this business venture takes off and you need staff or bigger premises (or both) you can’t double prices overnight to take extra costs into consideration.

    Is it a hobby or full-time business?

    You need to decide if you want to sell cupcakes as a hobby or past-time or whether you can see yourself making cupcakes 6 or 7 days a week. Do you want this to be a full-time occupation and can you make arrangements if you are sick or need holidays?

    Note: The ability to work from home is dependent on local laws as some countries do not allow goods to be sold commercially from a home kitchen so you will have to research your local by-laws.

    If you are unable to bake from home and need to operate from a commercial kitchen your cost of production immediately skyrockets. This is not, however, an insurmountable problem. Just look around at all the cupcake bakeries that are succeeding and know that you too can be successful.

    There are lots of great resources available if you are interested in starting your own cupcake business. Because I have been asked so many times about the best way to start a business I have prepared an ebook which will help you from the beginning stages of thinking about starting your own business through to checklists for completing orders on time.

    Some of the chapters include:
    – Getting Started;
    – Marketing your Business;
    – Tools of the Trade;
    – Pricing your Cupcakes; and
    – Time Management Secrets.

    And don’t forget to come back and let us know how your business is going. We would love to hear from you.

    Have you started your own Cupcake Business?

    Have you started your own cupcake business and have some great tips or suggestions for other readers?

    Do you bake from home or from a commercial kitchen and have some great selling techniques to share with us?

    Do you work for yourself or have you joined a franchise?

    We would love to hear your stories.

    What Other Visitors Have Said

    Click below to see contributions from other visitors to this page.

    Start my own cupcake business
    I made oreo cupcakes and gave them out to friends and family and they told me to start my own cupcake business because there were delicious. I made

    Home Business Insurance
    I have started to bake cupcakes from home. At what stage do you think I need to get home business insurance and is it really necessary? Currently I

    Starting a Bakery?
    I’d like to start my own cupcake business but Initially I will be doing it from home as a hobby. I intend to make some flyers etc and go to local fetes

    Sell Cupcakes
    I have met a friend of mine when studying at University, she can bake cakes and muffins. We decided to open a business for our Saturday classes at University

    Best Cupcake Recipes
    I am really interested in starting my own cupcake business from home and bought your book. This has made me even more determined to start my business.

    Start a cupcake business
    Hello! My name is Shelbi. My two sisters and I want to start a cupcake business, but we dont have alot of time with school and jobs. Our mother





    How Much Can You Make with an ATM #social #business

    #atm machine business

    #

    How Much Can an ATM Machine Make

    How much you can earn in the ATM Business depends on where the ATM is located and if it is needed. The main thing to remember about the ATM Business is that it’s just like real estate. Location, Location, Location.

    ATM’s can be installed anywhere in the USA. Inside or outside any retail merchant location including but not limited to Restaurants, liquor stores, convenience stores, fast food restaurants, quick service restaurants, casual dining, bars, night clubs, train stations, football or baseball stadiums, concert venues, adult themed locations, Hotels, Hospitals, Condo complexes, Apartment Complex, High Rise Apartment Buildings, coffee carts, mobile events, mounted in trailers, mounted on the back of food trucks, you name it. Anywhere people need access to cash, an ATM can make you a passive income .

    If you answer yes to any of these questions, Get our new book The Amazing Money Machine on Amazon now.

    • I m a retail merchant looking to increase profits.
    • I m an entrepreneur looking for a new business opportunity.
    • I m an investor looking to diversify and maximize annual returns.
    • I already operate an ATM Business and I want to put more money in my pocket.
    • I m an individual looking to make some passive income and would like information about the ATM Business.
    • I m an individual, business owner, or part of a group that has locations that need ATMs.

    How much can an ATM make?

    Well, It’s all about foot traffic, a reason to need money, and other available payment methods. Sometimes just having a lot of people walk by or see the ATM can mean the difference between a good

    The ATM Industry has a “rule of thumb” formula that many Independent ATM Deployers “IADs” use as a general rule to determine if a location would be a good candidate for an ATM machine. There are two different schools of thought on this rule, and obviously since there are many unknown variables, no location is a guarantee using these formulas but it’s better than a WAG (wild ass guess).

      • The first rule of thumb, or formula says that 3 – 5% of people that actually see an ATM machine in an establishment will likely use the ATM. Say for example, your location has an average of 200 customers visiting each day. One would expect, or speculate that approximately 8 of those 200 people would use that ATM daily.
          • You could then take those 8 people, multiply it by the amount of surcharge, then take that figure and multiply it by the number of days of business (how many day’s the location is open) in the year. This will give an ATM owner, or perspective owner, an estimate on how much revenue could be generated from the machine in a year’s time.
          • However, most ATM business owners want to calculate monthly revenue and income.
      • The 2nd rule of thumb follows the norm that the number of adult patrons an establishment has in a given day, that same number plus or minus 10% will use the ATM on a monthly basis. I prefer this rule of thumb and if the establishment accepts credit cards or gives cash back at the point of sale (POS), the lower end of the rule would apply and it might even reduce the number by as much as 20% – 40%.
      • A similar formula is used for hotels or big commercial buildings. With hotels, we take the number of rooms, times the occupancy rate and apply the same plus or minus 10% rule. So if the hotel has 150 rooms with an 80% occupancy rate one might expect 110 – 135 monthly transactions, however if the hotel has any events or banquet rooms, that number would scale higher during those times.
          • Similarly with commercial buildings (office building for example) you might take the total number of employees working in the building and using the yearly formula based on how many days a year the companies occupying the building are open. If there is a cafe or for profit cafeteria in the building the estimates would be higher.

    Think about it this way. Some of the best locations are where there is a high need for cash and no credit cards are accepted. Swap meets, events, and street fairs, are all great but very temporary. That would be a mobile ATM business which we can also show you how to operate.

    We’ll try to boil this down and make it simple. At the very least, if you’re a retail merchant, and you don’t already own an ATM, you could purchase the hardware from anyone (even from us) and once you set up the ATM processing it should at least pay for itself in as little as a few months.

    You’ll also need a communication method so the ATM can talk to our processing center. You can choose from a dedicated standard phone line (but since it calls a toll free or local number you’ll just have the cost of the line, no tolls), Internet Service (if you have a high speed model or DLS with a router, you can hard-wire the ATM to your current internet), or you can choose our wireless cellular service which is often less expensive than a phone line and lightening fast.

    With the advent of VoIP and certain devices if you have a computer close to the ATM you could potentially use a Magic Jack or other device as long as the ATM can hear a dial tone or pre-dial to get a tone (like dialing a 9, although not as reliable, it would still work). However, intermittent communications can cause more problems that they save you. If there is an issue with communications, transactions could be slow or worse they could be interrupted and customers would not receive money from the ATM getting upset.

    If you have a fast internet connection and you purchase one of the new ATMs which includes internet processing, or get a separate wireless device ATMDepot can handle the rest for you. In order of ranking communications as far as ease, cost, and reliability.

      • Wireless Device is preferred and is the most reliable.
      • Next would be your own Internet service with a hard wire to the ATM Machine.
      • Lastly, a standard Dial up Phone line, but this method causes the most communication issues.

    If you don’t have an ATM or are considering getting into the ATM business to earn some extra cash or a passive income, you just need to be sure that a minimum of at least 3 – 4 people per day would use the ATM every day (if available 7 days per week).

    Obviously if you’re a retailer and are open 10 hours a day that’s just one person using the ATM every few hours. If you’re considering a through the wall machine that faces outside it will be available 24 hours a day but those machines need at least 8 – 10 people per day to make financial sense.

    If you already have an ATM or are already in the ATM business and are looking to switch your ATM processing services (you need to check your current ATM agreement for termination clause) you could take advantage of our higher revenue sharing without any costs to you and put more money in your pocket.
    If you don’t have an ATM, you can review our ATM Machine equipment options or call us for advice.

    Let’s say for example you purchase the new Hyosung Halo. You can install it yourself, but we recommend you let us arrange to have a professional install it and train your staff. This ATM can use wireless communications technology which is under $20/mo so no phone line is required.

    We also have a Triton ATM for under $2,500 and carry the full line of Hantle and Genmega ATMs. You will probably invest between $2,250 – $3,500 in good ATM machine by the time you’re done with professional installation, signs, or anything else extra you may want for your ATM Business.





    Stocks Basics: How Stocks Trade #stock #market #info

    #stocks

    #

    Stocks Basics: How Stocks Trade

    The trading floor of the NYSE

    The NYSE is the first type of exchange (as we referred to above), where much of the trading is done face-to-face on a trading floor. This is also referred to as a listed exchange. Orders come in through brokerage firms that are members of the exchange and flow down to floor brokers who go to a specific spot on the floor where the stock trades. At this location, known as the trading post, there is a specific person known as the specialist whose job is to match buyers and sellers. Prices are determined using an auction method. the current price is the highest amount any buyer is willing to pay and the lowest price at which someone is willing to sell. Once a trade has been made, the details are sent back to the brokerage firm, who then notifies the investor who placed the order. Although there is human contact in this process, don’t think that the NYSE is still in the stone age: computers play a huge role in the process.

    The Nasdaq
    The second type of exchange is the virtual sort called an over-the-counter (OTC) market, of which the Nasdaq is the most popular. These markets have no central location or floor brokers whatsoever. Trading is done through a computer and telecommunications network of dealers. It used to be that the largest companies were listed only on the NYSE while all other second tier stocks traded on the other exchanges. The tech boom of the late ’90s changed all this; now the Nasdaq is home to several big technology companies such as Microsoft, Cisco, Intel, Dell and Oracle. This has resulted in the Nasdaq becoming a serious competitor to the NYSE.

    The Nasdaq market site in Times Square

    On the Nasdaq brokerages act as market makers for various stocks. A market maker provides continuous bid and ask prices within a prescribed percentage spread for shares for which they are designated to make a market. They may match up buyers and sellers directly but usually they will maintain an inventory of shares to meet demands of investors.

    Other Exchanges

    The third largest exchange in the U.S. is the American Stock Exchange (AMEX). The AMEX used to be an alternative to the NYSE, but that role has since been filled by the Nasdaq. In fact, the National Association of Securities Dealers (NASD), which is the parent of Nasdaq, bought the AMEX in 1998. Almost all trading now on the AMEX is in small-cap stocks and derivatives.

    There are many stock exchanges located in just about every country around the world. American markets are undoubtedly the largest, but they still represent only a fraction of total investment around the globe. The two other main financial hubs are London, home of the London Stock Exchange. and Hong Kong, home of the Hong Kong Stock Exchange. The last place worth mentioning is the over-the-counter bulletin board (OTCBB). The Nasdaq is an over-the-counter market, but the term commonly refers to small public companies that don’t meet the listing requirements of any of the regulated markets, including the Nasdaq. The OTCBB is home to penny stocks because there is little to no regulation. This makes investing in an OTCBB stock very risky. Stocks Basics: What Causes Stock Prices To Change?

    Learn how to invest by subscribing to the Investing Basics newsletter





    How to start a dog walking business: 4 simple steps: Starting a

    #dog walking business

    #

    How to start a dog walking business: 4 simple steps

    With recent figures showing that Brits spent more than £4bn on their beloved pets in 2015, you’d be barking mad to think the recession has impacted on the UK’s pet spend.

    Action point: Need a loan to start a business of your own? See how we can help here and here

    Marking a 10% increase on pooch spending from 2010, it’s not only large retailers benefitting, with many entrepreneurs realising there’s opportunities to be had in the pet industry.

    The average dog walker now earns 20% more than the average UK salary. so it’s clearly a viable and potentially profitable business opportunity.

    Of course you’ll need to have a genuine interest in dogs as well as a good knowledge of the various rules and regulations surrounding the industry – and it’s a fairly business marketplace.

    However, with plenty of doting pet owners out there, finding a good niche can still present great opportunities.

    Sound interesting? Then read our four simple steps to help you become top dog in the industry.

    1. Experience is essential

    While it’s not imperative to have a career background with animals, you should at least be confident around dogs and at the very least have experience in walking a family or friend’s pet.

    The Kennel Club’s guidelines for people working with dogs advises “strong interpersonal and communication skills”, as well as “a high level of fitness” and, naturally, “an affinity with, and understanding of dogs” for anyone wishing to pursue a career with man’s best friend.

    If you’re in need of experience in handling dogs, you might want to consider volunteering at your local kennels or rescue centre. They’ll often house a good range of dogs of various sizes, age and temperament, so you’ll be fit to face whatever comes your way.

    Consider attending courses in animal first aid, pet medication or even animal psychology as gaining a diploma or certificate in any of these would showcase your commitment to the dog’s welfare and impress clients.

    2. Remember, it’s a business

    While any animal lover might feel like they’ve died and gone to doggy heaven, remind yourself that your dog walking business is just that – a business. As such, you’ll need to possess all the regular entrepreneurial skills required for founding and running a successful company.

    Having a basic understanding of bookkeeping is important as you’ll need to be able to balance your own books and fill in your self-assessment tax return. Remember that this is your livelihood and not a hobby, your income should reflect this.

    Similarly, a good understanding of marketing and self-promotion will be needed to get your business off the ground.

    Finally, an ability to network and negotiate with both your customers and local animal industry is key. Never underestimate the potential for clients to try and negotiate price or you could find yourself working for substantially less than you might have hoped.

    3. Be aware of the rules and regulations

    Although there are relatively few regulations specifically targeted at dog walkers, businesses providing a service must get public liability insurance.

    If this is the start-up business idea for you, be aware you may have to deal with dogs injuring other dogs or people while in your charge.

    It’s vital to have the right insurance cover to deal with legal claims, should they arise.

    They can help provide you with support and advice on dog walkers insurance and training, plus your membership will give your clients confidence.

    To ensure you abide by key regulations, Narps suggest you should:

    • Meet owners prior to the first booking
    • Restrict the number of dogs walked to no more than four at a time
    • Keep records of all work undertaken
    • Protect clients’ personal information

    All dogs in public must wear a collar with the owners name and address on it and you could be fined up to £1,000 if you fail to clean up its faeces.

    While not the most exciting element of running your own business, it’s crucial you keep abreast of the latest rules and regulations to ensure you’re not jeopardising the safety of others or the reputation of your business.

    4. Find a niche in the market

    Given the popularity of setting up a dog walking business, it’s very probable you’ll have to find a niche to distinguish yourself from the crowd.

    Above all else, carry out market research and see if there’s actually room in your area for another dog walker.

    A simple google search or contacting NarpsUK will help a lot in this regard.

    Consider offering pet sitting as well as dog walking. Much like babysitting, you’ll mind your client’s pets at their home while they are away, as well as feeding them and attending to any medical needs such as medication or fulfilling dietary requirements.

    Having a diploma in pet medication would be advantageous in this instance as it would allow you to cater to a specific group of dogs.

    Provided you are properly trained, you could also offer grooming services such as hair cutting or washing.

    Offering one-to-one intense sessions with larger dogs could also widen your appeal.

    Some dogs simply won’t be satisfied by a trip around the block and will require a more strenuous workout.

    For more information on starting a dog walking business, take a look atour in-depth guide to help you prepare for the launch of your start-up.

    Comments

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    How can I report duplicate business pages? #business #reports

    #business pages

    #

    How can I report duplicate business pages?

    A business location should be listed only once on Yelp. If a business has multiple locations, each individual location should be listed separately (although there may be exceptions – for example, a food truck that appears in different parts of town on different days can have a single business page). If you notice that there are multiple pages on Yelp for the same business location, you can let us know by submitting a report.

    Yelpers Business Owners

    From the website (www.yelp.com)

    1. Find the business page
    2. Click the Edit link:

    3. Check the This is a duplicate of another business on Yelp box at the bottom
    4. Provide your email if you’re not logged in to a user account
    5. Provide a link to the duplicate business page(s) and any further information
    6. Click Submit Changes

    From an iPhone

    1. Find the business page
    2. Tap the More Options icon:

    3. Tap Edit Business
    4. In the Notes field, let our moderators know that the page is a duplicate
    5. Tap Done
    6. Tap Submit

    From an Android

    1. Find the business page
    2. Tap the Overflow Menu:

    3. Tap Edit Business
    4. In the Notes field, let our moderators know that the page is a duplicate
    5. Tap Done
    6. Tap Submit





    How to Write a One Page Business Plan #business #card #printing

    #simple business plan

    #

    How to Write a One-Page Business Plan

    If you ve been putting off writing your business plan, you re not alone. Writing a business plan can seem like a daunting task, and it s an easy one to avoid.

    But it doesn t have to be. An easy way to start your business plan is with just one page.

    There s really not a lot of differences between a one-page business plan and a good executive summary. The only real possible difference is the that the one-page plan must absolutely fit on one page in a font that most people can still read, while a traditional executive summary can extend to two or three pages.

    Investors don t have lots of time to read and one page can get the idea of your business across quickly and succinctly. It s actually a very good exercise to trim down your business plan to the absolute minimum —it forces you to trim needless words and communicate your business idea clearly, with minimal clutter.

    Here at Bplans, we ve developed a formula for the one-page business plan that we call the pitch . The pitch format gets all of the critical information that you need to define the strategy for your business. Some people like to call this your business model, but it s really the same thing.

    Whether you want to call it a one-page business plan, an executive summary, or a pitch, it should contain the following:

    1. A description of the problem your customers have
    2. Your solution (your product or service)
    3. Business model (how you make money)
    4. Target market (who is your customer and how many of them are there)
    5. Competitive advantage
    6. Management team
    7. Financial summary
    8. Funding required

    If you feel like you have writer s block, or you don t know where to start, I have a couple of suggestions.

    Second, you can download our free one-page business plan template and use that as a starting point.

    Third, you can try out LivePlan s pitch feature. Just answer the questions it asks and click Publish , and you ll have a professionally-designed, one-page business plan that is easy to share and covers everything an investor wants to know. Another good option is to follow my colleague Caroline Cummings advice and write your business plan like it s a series of tweets (seriously, it works).

    The content of your plan (or pitch) is by far the most important thing don t stress about the design. Think carefully about what you are trying to communicate. Too many companies spend time focusing on presentation and graphical display of their plans when what they are saying and how they are saying it is really the most critical aspect of it all.

    Don t get me wrong—you don t want to have an ugly presentation. But focus on the content, because it s more important than anything else.

    Remember: The executive summary (or pitch, or one-page business plan) is usually your introductory communication with investors, so it will be your first impression. Investors will use this document to get an understanding of your communication skills as well as your ability to think critically about your business. You should spend more time on this part of your plan than on any other section.

    Your one-page business plan will be an extremely useful tool to help you refine your business strategy quickly and easily. It might even be all the business plan that you need.

    But, if you do need to expand your one-page business plan into a more full-fledged plan that includes more details on your company and your target market, you can follow our step-by-step guide for writing a detailed business plan. download our free business plan template. or review any of our over 500 complete sample business plans. It s all free and if you have questions, please post them in the comments.

    How LivePlan makes your business more successful

    If you re writing a business plan you’re in luck. Online business planning software makes it easier than ever before to put together a business plan for your business.

    As you ll see in a moment LivePlan is more than just business plan software though. It s a knowledgable guide combined with a professional designer coupled with a financial wizard. It ll help you get over the three most common business hurdles with ease.

    Let s take a look at those common hurdles and see how producing a top notch business plan sets your business up for success.





    How to Sell Your Business #business #finances

    #selling a business

    #

    The New York Times

    Small-Business Guide: How to Sell Your Business

    By BARBARA TAYLOR

    January 6, 2010

    You only sell your business once.

    That thought alone may be enough to keep you up at night when you decide it’s time to cash in on your years of hard work — as if there isn’t enough pressure associated with every step of the sale of a business. But there’s much you can do to prepare for the sale, and it’s not a bad idea to start thinking about it long before the day arrives.

    While every transfer of business ownership is unique, there are some important questions that sellers should ask themselves and there is a common process that is used for the sale of most small businesses. The more you prepare, the more successful the outcome is likely to be. What follows is a brief outline of the process for small, closely held companies. Many of these principles apply to larger transactions as well. (You may also be interested in this blog post: Has the Economy Closed Your Exit Door? )

    First, ask yourself three questions:

    Can Your Business Be Sold?

    Many elements of a business make it attractive to buyers. For example, does it have a solid history of profitability, a large and loyal base of customers, a competitive advantage (intellectual property rights, long-term contracts with clients, exclusive distributorships), opportunities for growth, a desirable location and a skilled work force?

    Are You Ready to Sell?

    Make sure you are ready, both financially and emotionally. Think about what life will be like after the sale. What will you do — not just for money but also with your time? Many business owners suffer real remorse after handing over their business to a new owner.

    Here are a few indicators that it may be time to move on:

    ¶It’s not fun anymore. Burnout is a very real issue for business owners, and an entirely legitimate reason to sell.

    ¶You’re not inclined to invest in growth. You may be comfortable with the current size and profitability of your business and have no desire to make the capital expenditures necessary to take it to the next level.

    ¶You feel your management skills are overmatched. It is not uncommon for business owners to build their business to a certain point and then realize they lack the skill set required to go further.

    What’s Your Business Worth?

    Many owners have no idea. On one end of the spectrum, for example, was a client who owned a professional services firm. She felt the firm was worth more than $1 million. After a lengthy search, a buyer paid her less than half that amount. Then there was a client who was about to sell his I.T. company to an employee for $200,000. After advertising the business for sale nationwide, he sold it for one dollar shy of $1 million.

    Selling a business is both art and science, and in no other area is this more evident than the valuation. While every seller wants to achieve maximum value, setting an asking price that is too high signals to buyers that you may not be serious about selling.

    While there are a number of methods used to value a business, the most common formula for smaller transactions is a multiple of seller’s discretionary earnings (S.D.E.). This type of market-based valuation involves recasting profit-and-loss statements — adding back owner’s salary, perks and nonrecurring expenses — to find the S.D.E. of the business and then using comparable data for similar businesses to arrive at an appropriate multiple.

    Prepare Your Business for Sale (Now!)

    Another client owned a popular sports bar and grill. He’d made repairs to some of his kitchen equipment, brought his books current and determined a reasonable asking price. He got an inquiry from a serious buyer — an industry veteran on a nationwide buying spree with his partner. The buyer liked everything about the business, and asked for data from his point-of-sale system, which my client was unable to produce quickly. By the time he assembled the information, the buyer had made an offer on a similar business in another state.

    There is no way to overstate the intensity with which buyers will scrutinize your business. But here are things you can do to put your best foot forward.

    First, get your books in order. Not being able to provide accurate financial statements in a timely manner can cause a deal to unravel in short order. Be sure to have the following on hand before you go to market:

    ¶Last three years’ profit-and-loss statements.

    ¶Last three years’ balance sheets.

    ¶Year-to-date profit-and-loss statement.

    ¶Current balance sheet.

    ¶Last three years’ full tax returns.

    ¶List of furniture, fixtures end equipment.

    ¶List of inventories.

    ¶Commercial property appraisal or lease agreement.

    Be ready to furnish other documentation — particularly during the due diligence phase — when you will probably be asked to produce insurance policies, employment agreements, customer contracts, lists of patents issued, equipment leases and bank statements.

    You will also want to spruce up your business to make it attractive to buyers. Make any needed cosmetic improvements to the premises, get rid of outdated inventory and make sure that equipment is in good working order.

    Not surprisingly, most savvy buyers use the Internet to research available businesses for sale. The two largest Web sites are BizBuySell.com and BizQuest.com. Some sites specialize in selling certain kinds of businesses like franchises, Internet properties or restaurants. Most of these sites charge a monthly subscription fee to advertise your business for sale.

    There are two primary marketing materials that are typically used to describe your business to potential buyers. The first is a one-page document that offers highlights of the business without revealing its identity and is sometimes referred to as a “blind profile.” The second is a comprehensive selling memorandum or prospectus to be sent to serious buyers who have signed a confidentiality agreement.

    Make Sure Potential Buyers Are Qualified

    There’s no bigger waste of time than working with a buyer who will not be able to complete a transaction. Ideally, you will want all interested buyers to sign a confidentiality agreement before sending out anything other than the “blind profile” for your business. In addition, you should require buyers to submit some basic information:

    ¶Name and all contact information.

    ¶Previous employment and business ownership.

    ¶Funds available to invest and sources of financing.

    ¶Minimum monthly income requirement.

    ¶Intended timeframe for completing a transaction.

    ¶Reason for interest in your business.

    Negotiating the Deal

    After you’ve found a qualified buyer, provided a selling memorandum and had an initial meeting, it will be time to stop the flow of information and ask that an offer be presented. This can take the form of a nonbinding letter of intent or a term sheet. It should spell out the primary terms of a deal so that all parties can move forward in good faith.

    My client ended up receiving three offers on her professional services firm. One was from a competitor, one was from an industry expert residing out of the country and one was from a regional firm looking to extend its geographic footprint. While that last offer was the weakest from a financial standpoint, we knew that this buyer would be able to complete a seamless transition and build her business. We decided to negotiate with the regional firm.

    The asking price was $500,000. The regional firm offered a disappointing $400,000, with $50,000 down and the balance financed by the seller over five years at 6 percent interest. My client planned to stay with the firm under new ownership and was relatively certain that gross sales would increase substantially when her company became part of a regional brand. She offered a counter proposal: In lieu of financing the balance of $350,000, she asked to receive 10 percent of gross monthly sales for five years. She conservatively estimated that she would realize an additional $108,000 — over and above the selling price of $400,000 — at the end of the five-year period using this deal structure. Both parties accepted.

    All sellers hope to get a full-price cash offer for their business. But in the real world this rarely happens. More often buyers will make a down payment and then pay some or all of the remainder in installments to either you or a lender. Don’t be dismayed by an offer that doesn’t meet your original expectations. As this case illustrates, a willingness to be creative with the terms of a transaction can go a long way toward a successful sale. Be sure to enlist an accountant and a lawyer to help you assess the tax consequences of the terms you suggest or accept.

    Selling a business is largely about setting realistic expectations, avoiding surprises and just plain hanging in there. It can be an arduous journey, but one with a very tangible (and rewarding) light at the end of the tunnel. Once you’ve successfully sold your business, savor an accomplishment that not every entrepreneur gets to enjoy. Whether you’re lying on the beach, retiring by the lake or starting your next venture, you did it!

    Barbara Taylor is co-owner of a business brokerage, Synergy Business Services, in Bentonville, Ark.





    How to choose the best accounting software #music #business #degree

    #business accounting software

    #

    How to choose the best accounting software

    On this page

    • Choose a bookkeeping system
    • Set it up properly using a chart of accounts

    One of the main reasons businesses fail is because there isn’t a good bookkeeping system in place that would provide warning signs the business could run out of cash.

    You can choose to set up a bookkeeping system manually (using accounting books), electronically (spreadsheets) or use accounting software. Unless you want to get familiar with bookkeeping practices, accounting software is the most efficient choice.

    What to consider

    Every business will have different requirements from an accounting software. When choosing an accounting software consider the following:

    • does the system calculate all payroll requirements (PAYE, annual leave, long service leave etc.)
    • does the system track stock, work in progress, orders, jobs and other task management requirements
    • will the system be able to handle multiple bank accounts
    • does the system need to handle foreign currency
    • does the system track separate financial records for each business or department within the business
    • does the system allow for interface with other computer systems such as online payments
    • does the system keep detailed records on customers including what they buy, how often they buy, when they buy etc (often referred to as a Customer Relationship Manager system).

    Software options

    There are many software packages on the market that allow business managers to successfully control records without an accounting degree. Some of them, such as Free Accounting Software. have no cost. Some commonly used accounting systems used by small businesses are:

    Getting advice

    If you’re unsure which to choose talk to your accountant or business adviser. It’s worth checking to make sure the package has Standard Business Reporting forms needed to report to the ATO such as BAS statements.

    It’s also a good idea to ask other business owners what they use. If you don’t know any, the Business Victoria Facebook group is always happy to answer your questions.

    Setting up a bookkeeping system

    When you set up your financial records you need to make sure they meet any compliance requirements such as GST or other tax compliance.

    This is done through setting up classifications, also known as a chart of accounts. A chart of accounts is a listing of all the accounts needed to cover the financial transactions of the business. Classifications are used to separate profit and loss calculations to show where a business is making or losing money. It is also used to determine the overall financial position of a business in a balance sheet.

    How to set up a chart of accounts

    When setting up a chart of accounts you will need to:

    1. define the various accounts to be used in the business, such as different classes of assets, liabilities, expenses and sales revenue
    2. make a list of all of these under the financial classifications as noted above – that is each different type of account for assets, liabilities, sales revenue and expenses
    3. it can be useful to allocate a numbering system for each account within the chart of accounts, such as all asset accounts will have been classified under the 1000 number and all liability accounts will be classified under the 2000 number etc.
    4. allocate various sub accounts under these main accounts
    5. depending on the level of information you need, determine if each sub account needs sub accounts.

    The chart of accounts is very important to the overall effectiveness and accuracy of your bookkeeping, so if you don’t feel you understand it enough, then you should discuss with your bookkeeper or accountant before you set up your bookkeeping records.

    Your bookkeeper or accountant can help you set up a meaningful chart of accounts if you don’t think you can do this yourself.

    Accounting packages have predefined chart of accounts which you can allocate to your own financial transactions.

    Case Study: Finding the right accounting software for your business

    ‘Having really good information means your business can react the way you want it to, rather than how you hoped it would.’ Carolyn Creswell, Carman’s Fine Foods

    What’s next?





    How to Start a Blog and Make Money From It #business #loans

    #work from home ideas

    #

    How to Start a Blog and Make Money From It

    This post includes affiliate links.

    If you want to work from home and make money blogging, then you need to have the right tools, resources, and information to guide your way.

    With an overwhelming amount of information on the web it’s often confusing figuring it all out. Listed below are some of the resources that I use, recommend, or that I’ve found helpful on my blogging journey.

    These tools will not only help get you started but they’ll make the process easier so you can start making money faster.

    First, grab my FREE Blogging e-book. it will teach you how to write great content, get tons of traffic to your blog and most importantly, how to make money from it!

    To start the process you ll need to choose a blogging platform; or in technical terms a content management system (CMS). There are many different CMS platforms to choose between, but I highly recommend WordPress. It s ideal for beginners as it s easy to use and modify, it has tons of functionality, and it s free to use all you need to do is purchase your hosting and domain name.

    WordPress is what I use for this site.

    A lot of people ask me about Blogger, Google’s blogging platform. I’ve heard it’s easy to use. But I also know a lot of people who started out on Blogger, but then had to make the switch to WordPress later on. Do yourself a favor and use WordPress from the beginning, you ll save yourself a lot of headaches down the road.

    Once you decided on a blogging platform you ll need to purchase a domain name and hosting. When choosing a hosting company you’ll want to make sure that you get one that’s reliable, affordable, and that has excellent customer service. Right now I m using a virtual private server (VPS) through, Liquid Web. They have a wide variety of hosting plans, which makes it easy to upgrade your service as your site grows. If I weren t using them, I would probably use Bluehost or Synthesis. as they were created with WordPress users in mind. Over the years, I ve had to switch hosting companies three times which is no fun.

    Need help installing WordPress to your host? Here s an EASY way to be up and running in 30 minutes or less!

    When I first launched my blog, I had a graphic designer create a custom design for me. And while I loved my design it was very expensive! If I were just starting out again, I would use Bluehost with their 1-2-3 easy upload and a template from StudioPress (which is what I m using now). Not only are these templates affordable (like $99), but they look great and they re super easy to modify. To help make your site stand out, I do suggest getting a custom logo designed. If you re launching your blog on a shoestring budget, try Fiverr where freelancers only charge $5 for their services. I haven t used Fiverr for logo design, but I have used them for other sorts of images, and I ve been happy with the results.

    To get traffic to your blog you’ll want to utilize social media platforms like Facebook, Twitter, LinkedIn, Foursquare, Instagram, and Google Plus. Seem overwhelming? To help manage all of these social media platforms, I use HootSuite. I’ve tried other applications, but this one has the most functionality, and it is the easiest to use. You can schedule updates and manage all of your accounts in one place, and best of all it s FREE!

    The one network that you can’t manage from HootSuite is Pinterest. For Pinterest, I use BoardBooster to manage my pins. It s only $5 a month and so worth it! You can schedule pins and re-loop your pins so that they receive maximum exposure.

    For tips on how to maximize your Pinterest efforts, check out these resources:

    To create pin-friendly images for your blog posts, I recommend PicMonkey or Canva. I started out using PicMonkey, which is easy to use, and it gives you professional looking images in a flash. But now I mostly use Canva. It has premade templates and font combos which help me create professional looking images quicker. Each platform is free for basic usage with permeium features costing just a bit more.

    For stock images I use StockFresh and DepositPhotos not only do they have high-quality photos, but they re affordable.

    Part of getting traffic is writing awesome content. To make sure your content is excellent you ll need to edit your posts for punctuation, grammar, and spelling. Now you can do this manually, but I ve found that even when I go back and proofread two or three times I often miss typos. Of course, you can hire an editor to proof your content, but that can get expensive. A more affordable option is to use an editing software or program. I ve tried a few different platforms out and by far my favorite is, Grammarly. It s easy to use and catches errors that word processing programs miss. It also tightens up your copy so you re using an active voice.

    From the first day, you launch your blog you need to make sure that you’re building an email list. SEO rules and social media platforms are constantly changing. But with an email list, it is something that you own, and that can always be used to reach your audience. Personally, I use Constant Contact I love them! They have lots of professional looking templates to choose from, it’s super easy to use, and they have added features like auto-responders. They even offer a FREE 60 trial so you can test them out without any obligation.

    Search Engine Optimization (SEO):

    The majority of my traffic comes from Google, and this is because certain keyword phrases on my site have ranked well with the search engines. Search engine traffic is free, and you’ll want to take advantage of it. I used to recommend Holly Klaassen’s e-book, 50 SEO Secrets for Mom Entrepreneurs, but she s no longer selling it.

    So to get familiarized with SEO here are some useful articles on the basics.

    I have read a ton of blogging books over the years, and these are the ones that have SERIOUSLY helped me on my journey!

    There are so many ways to earn money from your blog, from direct ad sales and ad networks, to affiliate marketing and digital earning so make sure to check out these must-read articles.

    As a career blogger, you ll need to keep meticulous records of your income and expenses. The first year I started out, I made the mistake of keeping all of these transactions in a spreadsheet which made tax time a nightmare. Since then I ve been using GoDaddy Bookkeeping (formerly, Outright) which has simplified the whole process because it automatically updates your transactions from your PayPal and checking account. The online platform is super easy to use, and I highly recommend it for all monetized bloggers.

    Hope you found this roadmap helpful. Good luck on your blogging journey!

    This post includes referral and affiliate links. Please be aware that we only promote advertising from companies that we feel we can legitimately recommend to our readers. See our disclosure policy for further information.





    How To Start An Import #business #laptop

    #import export business

    #

    How To Start An Import/Export Business (Part 1 of 2)

    Updated August 07, 2016

    So you want to sell to the world? You’ve come to the right place. Thanks to the Internet, setting up an import/export business can be ridiculously simple and very profitable. Here are ways to make it happen.

    • Select your business name and set up a website and blog.

    Without a website or blog, you can t have a networked import/export business. Get yourself a platform that allows you to develop a presence online and grow your business beyond your wildest imagination.

    The goal is to balance the flow of communications, sell products online (or offline) and build your customer base to drive profits for your international business.

    But first, remember to register your business name with a reputable web host because your domain name is what customers use to find you and your business. And it can’t hurt to consult with an international lawyer, banker and accountant for advice on establishing a virtual import/export business and keeping it in the best legal and financial position possible.

    A couple of places to get started with a website are Network Solutions. Go Daddy. Intuit and Verio. All offer domain name registrations and affordable website hosting packages with easy-to-use site building capabilities.

    To create a professional blog, which allows a continuous flow of engaging communications, try Blogger. Typepad or WordPress. These services allow you to create a blog in minutes with stunning designs, reliable hosting and on-demand tech support.

    Now you are ready to share your business expertise and capabilities and sell to the world.

    • Pick a product to import or export.

    When it comes to importing and exporting, you cannot be all things to all customers. Decide on something and stick with it.

    You have two viable reasons for choosing a product to import or export: you know it will sell or you like it.

    Hopefully, you can meet both criteria. That’s an ideal business model. Would you buy it if you saw it in another part of the world? Then you are on to something!

    • Find the right market.

    You’ve selected a product, now you must look for someplace to sell it! You will improve your odds of picking a winner if you cultivate a knack for tracking trends, or even spotting potential trends. Getting in on the ground floor and importing or exporting a product before it becomes a super-seller in a country could be the business breakthrough of a lifetime!

    Do the homework and research the market beforehand to locate the best potential foreign market for your product or service. Two places to check are The World Bank’s Ease of Doing Business and globalEDGE’s Market Potential Index.

    You might also check with local government officials to best determine sources for conducting market research. For example, in the United States, there are the Department of Commerce International Trade Administration’s Data and Analysis and the U.S. Census Bureau Foreign Trade. which governs the reporting of all import/export statistics.

    These resources are helpful for determining where in the world products and services are moving to and from, and why and how to get in on the action.

    Once you have a likely import or export product in mind, learn everything there is to know about it. If you were its creator, how would you improve it? Go to a manufacturer and suggest product improvements to turn a mediocre product into something slightly ahead of its time. Your suggestions might mean the difference between a Sony Walkman and an Apple iPod.

    The easiest access to reputable suppliers might be Alibaba. Global Sources. and Thomas Register. There are others, but these three are considered the holy grail to finding high quality suppliers. manufacturers, exporters, importers, buyers, wholesalers and trade leads.

    In continuation to our first installment which covered how to start and map out an import/export business, here we provide the sales and distribution aspects of establishing an import/export business.

    The business model for an import/export business is based on two critical elements within the international sales operation.

    1. Volume (number of units sold).
    2. Commission on that volume.

    The goal is to price your product in such a way that your commission (markup on the product to customers) does not exceed what your customer is willing to pay and offers you a healthy profit. Typically, importers and exporters take a 10% to 15% markup over cost, which is the price a manufacturer charges you when you buy a product from them.

    The more you sell, the more you make. Keep your product pricing separate from logistics because, at some point, you combine the two to determine a landed price per unit. A good transportation company can assist here. Don’t let this part intimidate you!

    Provided you have done a good job with search engine optimization on your blog or website, customers will find you. But don’t rely on it. You should also go hunting for customers! Check with local contacts, such as trade organizations, Chambers of Commerce. embassies and trade consulates. They generally have a good sense of who’s doing what in the international marketplace. They can offer contact lists specific to your industry and also suggest trade shows that are taking place locally and internationally that might help you connect with customers in a faster and more efficient manner.

    An excellent service on the exporting end is the U.S. Commercial Service (CS) Gold Key Matching Service. The U.S. CS can help you find potential overseas agents, customers, distributors, sales representatives and business partners.

    At the same time, work your social media and networking platforms (your blog, Facebook, LinkedIn and Twitter) by posting information about your product or service and asking specific questions about your audience s needs. This gets the conversation going and keeps it going while making sure it s related to your business. The point is to keep your business on the minds of potential customers worldwide.

    • Transport your products.

    Your next step is to focus on logistics — transporting the product to where you will be selling it. By now, you have located a customer who loves your product, solidified the terms of the sale with them and established a means for getting paid. Now you must move your product.

    Hire a global freight forwarder who serves as an all-round transport agent for moving cargo, typically from a factory door to another warehouse. Their service saves you a lot of time, effort and anxiety for a very reasonable fee. Based on information you provide, they take care of all shipping arrangements, which includes but is not limited to handling documentation, arranging insurance, if requested, and determining necessary licenses, permits, quotas, tariffs and restrictions (country regulations). which can be one of the most complicated aspects of importing/exporting for a newbie international trader.

    You can find freight forwarders online under “transportation,” or check listings in trade magazines or other international handbooks. Pick two or three that seem like a good fit for your product or shipping destination.

    Two well-known companies that are eager to work with brokers, consultants and small businesses are UPS and Fed Express. Either can also assist with getting paid, a critical part of the international sales process.

    • Provide great global customer service!

    The relationship between you and your overseas customer shouldn t end when a sale is made. If anything, it requires more of your attention.

    Think of your after-sales follow-up on your import/export business as part of your product or service offering. The first step is to say, wholeheartedly — whether in person, via Skype, by email or telephone — Thank you for your business! For more on this, take a look at “How to Provide Great Global Customer Service” .

    Congratulations! You have officially learned the fundamentals on how to establish an import/export business. Now start booming and go make the world your business!





    How to Talk About Money in Your Family Business – Family Business

    #family business

    #

    How to Talk About Money in Your Family Business

    “Chains of habit are too light to be felt – until they are too heavy to be broken.” – Warren Buffett

    Talking about money within the family business can be uncomfortable and awkward. What’s worse is that everyone knows about it; financial questions and concerns can be at the forefront of everyone’s mind. Few habits are so critical and yet translate so directly to the success of your family business. David Harland. Managing Director of FINH

    It is up to the family business leaders to engage their family in these conversations, and to do so with honesty and directly. The early rounds might be difficult, but the end result is a better work environment and easier conversations about other complex issues (such as remuneration or financial agreements). Start early so that you can establish a precedent, make clear the expectations, and deal fairly with others.

    Begin with a trusted family advisor – someone to help facilitate difficult conversations – who can project an image of fairness, conscientiousness, and experience.

    We often feel that our loved ones know us so well that we don’t have to voice concerns or bring in a third party. It’s the role of the business leader to let go of these assumptions and find a real solution. Communication needs to be clear and open, and this is best when the conversation includes an element of impartiality and specialized knowledge.

    It’s unfortunate that so many family businesses start out with an informal management structure and don’t have specific practices and policies for family members. Instead, the structure of the family business is often made up as it goes, which can create an impediment to honest communication later on.

    Topics of Conversation Between Members of the Family Business

    The family conversation should have goals and should be prepared for, just like any meeting with a non-family business partnerThat also includes having a formal agenda. It’s common to have three levels of interest at play: business issues, family issues, and ownership.

    So what you should talk about? Start with family’s history, legacy, and values. The younger a member of the family is introduced to this message, the better. I recommend placing extra emphasis on a multigenerational approach to human capital appreciation.

    Chances are that your family has a mix of dominant thinkers and dominant feelers. The thinkers might be more open to the practical realities of business success. Feelers will appreciate the sense of togetherness, shared accomplishment, and appreciation among members of the group. Guide the topics of conversations into those areas where you’re most likely to get buy-in from individual members; other issues can be dealt with more easily afterwards.

    Emotion Will Be Part Of It; Deal With Emotion Early

    “Select your words carefully. Spoken words may have positive or negative effects, depending on the manner and timing of your speech.” Abdurrahman Bagdadizade Paksoy to his sons, addressing how the Paksoy family was shut out of its own business in 1956

    Every business requires emotional decisions and every family brings emotionally charged relationships. These two don’t always mix nicely.

    Emotion is a real dynamic that isn’t going away, but it can be dealt with effectively and even harnessed to create a positive dialogue. Use family councils to address family matters. Even if your family members share the same values, they may not share the same vision. If your family runs the risk of starting new battles every time an old one is closed, it’s best to start with outside facilitation early on and stick with it through to the end.

    Create a sense of family unity with family stories. Make sure that younger generations can connect to the trials, successes, and anecdotes of the past. Let them speak and take care to actually listen. If less experienced members of the family are eager to bring a “fresh perspective” or innovative new ideas, this is the forum where they get their chance.

    Tell a cautionary tale about past business episodes – especially if it has a personal impact. Not only will this help synergize the emotion in the room, but it will help emphasise the importance of properly addressed financial agreements. Just try not to get side-tracked in story land; it’s up to the business leaders to maintain focus on the long-term goal of multi-generational capital accumulation.

    Always remember that money is a sensitive issue for many people. You’re likely to run into topics like fairness and competitiveness. These are important, but ultimately dangerous if mishandled because they can re-open old wounds or divert the conversation. Have a plan in place to stay on target.

    There’s never a perfect time to talk about family business issues, with one exception: earlier is better. The sooner these conversations start happening, the sooner your family business can develop the type of effective communication that will stand the test of time.

    For Advice on communicating about finance in your family business please call FINH 07 3229 7333





    How to Write a Business Proposal: 13 Steps (with Pictures) #ideas #for

    #business proposal

    #

    How to Write a Business Proposal

    How can I write a proposal for maintenance for air conditioning systems?

    Answered by wikiHow Contributor

    • State the problem and tell whoever you are writing to about why the A/C system needs maintenance, Then state your proposed solution to the problem. After that, double check everything that you wrote down to make sure you like how it looks, then sign your name and you’re done!

    How can I produce a business proposal 1000 words specifically looking at the communication process of a chosen organization?

    Where can I read a sample Sales Proposal?

    A proposal for a rental property for an equine rehab. Brand new 4-5 bedroom house in West Palm with animals including riding horses. How would I write that?

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    How To Start Your Own Business #mlm #business

    #starting your own business

    #

    Get my 5-day email funnel that generated $400,000 from a single launch

    How To Start Your Own Business

    Starting your own business is one of the most powerful ways to take control of your life and make extra money month after month. You can start with just a few hours a week. And best of all, you get to choose your hours, pick projects you find exciting, and meet interesting people. With the help of the step-by-step systems you’ll find here, you can start getting clients faster and boost your earnings when you want to.

    I’ll even show you how to build enough steady income that you can quit your day job, if you want to.

    I’ve covered how to make more money elsewhere on this site. Right here, I’m revealing the advanced strategies behind launching a successful business that gives you the freedom to share your skills with the world and create something people will pay you for, even when you aren’t working.

    These are the same techniques I’ve spent over a decade and a million dollars refining. I’ve gathered over 1,000,000 data points while creating 15 different products that cost anywhere between the price of a latte to over $12,000… and I’ve helped over 1,000 students launch their own businesses, too.

    You’ll learn the systems, strategies, and shortcuts I only dreamed of having when I started out… so you can launch faster and earn more.

    Of course, all the business-building knowledge in the world isn’t very helpful unless you have the right psychological mindset and tools. That’s why I’ve invited some of the world’s leading experts on time management, productivity, and work/life balance to share their best secrets with you.
    Now the #1 requested IWT topic of all time :

    How to start an online business

    I want to show you the truth about starting a successful online business. Unlike unscrupulous marketers whose entire business is creating ebooks about creating ebooks, I’ve spent years teaching over 100,000 readers how to live a rich life automate their finances and get out of debt. find their Dream Jobs, negotiate better salaries. and finish tasks they’ve put off for years .

    Why do my students keep coming back? Why do they buy at a rate 1,235% higher than prospects? And how do I still have a refund rate much lower than the industry standard, despite a generous money-back policy? I’ll share how I do it — and how you can, too .

    It’s easy to get stuck with a low-profit business that sucks your time and money. I’ll show you how to avoid the mistakes I’ve made.

    Want to know exactly what’s the best kind of online business to start? I could give you a bunch of theory, principles, and a long history of the relative pros and cons of each. Or I could just tell you the answer:

    When I launched my first product, I thought I had to beg people to buy it. The funny thing is, it was a $4.95 ebook.

    Now, I’ve had to turn people away from $4,000+ courses, and someone even hacked into my sales page to buy a course before I opened it to the public.

    What the hell? How did I go from $4.95 to successfully launching a $12,000 flagship course that people lined up to join?

    I’ll reveal the critical decisions and strategies I used to get to where I am now.

    If you wanted to learn how to start an online business, would you want to learn from someone who’s sold 1 or 2 products about selling products, then kept milking that cow for years… or would you want to learn from someone who’s sold over 15 different products ranging from $4.95 to $12,000 ?

    When you’re the same as everyone else, you’re a commodity. And that means crummy pay, long hours, and bad customers. You do NOT want to compete against everyone in the world.

    It doesn’t matter if you’re a man, a woman, a life coach, a stylist, an analytics guru, or a language tutor. Whether you’re trying to get a date or start an online business, if you’re the same as everyone, you’re doomed.

    This is where the concept of ZIGGING and ZAGGING comes in. Where others zig, you zag .

    I’ll show you how to stand out, so people will see that your product is unique and be happy to pay you more.

    Do you have a friend who constantly asks you for advice, but then always makes excuses for not following through?

    Have you ever heard this:

    • “Why doesn’t she ever call me back?” (Perhaps it’s because you make yourself way too available and desperation oozes off you.)
    • “I hate my job…” (yet you’ve done nothing to change it except complaining)
    • “Ugh, I really need to go to the gym” (but instead, these people will continue making excuses, like how they can’t afford the $50 even though they pay that much in late fees every month)

    If we’re honest, WE’RE guilty of the exact same thing. I’ve spent a decade studying and testing the best ways to stop sabotaging yourself and start following through.

    Here’s the brutal truth. PASSION ISN’T ENOUGH.

    You need business systems. I’m talking about repeatable, reliable, automated (or nearly automated) ways of completing key business processes. I couldn’t run I Will Teach without the systems I invented and I definitely wouldn’t have the great work/life balance I enjoy.

    IWT has thousands of systems now, but if you took it all away tomorrow, all you really need are these three. I spent years perfecting them, and you can use them right away.

    Afraid or launching an online business?

    I struggled with the same fears for years … until I discovered the psychological breakthroughs and systems that make it easy and fun to get started.

    We’ll deep dive into the 3 major FEARS around starting an online business, so you’ll know how to ignore the critics, focus on doing your very best, and be confident enough to laugh at your own failures and become successful faster.

    I’ll show you how you can grow an online business with a tiny email list — or even without a website at all.

    You don’t have to have a huge email list or wait until you have 100,000 followers. You can actually start NOW. Once you find the right people, you can build a successful online business with fewer people than you’d ever thought possible .

    My students will show you how they launched their online businesses and scaled them up one student even got 5-figures in just a few months, without any email list.

    How top performers balance profitable businesses with free time

    We all have the same number of hours in the day, but some people top performers seem to get 10x the amount of work done as the rest of us. In these case studies and interviews, you’ll understand how.

    Cal is totally dominating his post-doc while maintaining a successful blog. His trick: ruthlessly optimizing his schedule and saying “No” a lot.

    Tim Ferriss of the Four Hour Work Week asks me about false starts and success rates.

    Erica sold her company for over $1 million at age 26. When she talks, I listen.

    I want to introduce you to one of my most influential mentor, whose insights have changed my life. If you’ve ever wondered who I study and learn from, here’s your answer.

    I’ve put together a step-by-step guide so you can start launching a profitable online business in your spare time. You’ll see some of my juiciest case studies, strategies, and more insights I’ve spent over $1,000,000 and thousands of hours discovering. Just sign up for my free Insider’s List below, and you’ll hear when my step-by-step program, Zero to Launch, opens for enrollment:

    Learn more about Zero to Launch:





    How to Buy Penny Stocks (for Beginners) #quick #business #loans

    #penny stocks

    #

    How to Buy Penny Stocks (for Beginners)

    NEW YORK (TheStreet ) — It’s hard to check your email without hearing about the next “hot” penny stock that’s going to make you rich. But what are penny stocks, and can they really deliver on those promises? Here’s my 2 cents worth on penny stocks.

    What Are Penny Stocks?

    Low-priced, small-cap stocks are known as penny stocks. Contrary to their name, penny stocks rarely cost a penny. The SEC considers a penny stock to be pretty much anything under $5. And while there are sub $5 stocks trading on big exchanges like NYSE and NASDAQ. most investors don’t think of these when asked to describe a penny stock.

    Most individual investors look at penny stocks like Wall Street’s Wild West, an untamed world of investing detached from all the glitz and media coverage that comes with stocks that are traded on major exchanges. While the gains and losses can be pretty impressive in the penny stock world, they’re not often heard about elsewhere.

    Just because you don’t hear about penny stocks every day on CNBC doesn’t mean that penny stocks are without drama. Unfortunately, penny stocks have also garnered a reputation as a game filled with scams and corruption. Indeed, penny stocks could be your wildest ride yet as an investor.

    So then, if penny stocks usually aren’t traded on normal exchanges, where can you buy them?

    How to Buy Penny Stocks

    Like any other stock you would buy, you can purchase shares of a penny stock through your normal stockbroker — regardless of whether or not it’s listed on a major exchange.





    How to start a Cottage Industries Business #government #loans

    #cottage industry ideas

    #

    wahm articles

    How to start a Cottage Industries Business

    Cottage industries is booming thanks to a sluggish corporate economy and the abundance of laid off workers. Instead of heading to the office, many stay-at-home-moms have become work-from-home-moms leveraging their home spun creative ideas for cash.

    Understanding the Cottage Business

    Specifically defined, a cottage industry business is the creation of products and services that are home-based rather than being manufactured in a factory. When the idea of the cottage industry initially emerged in the late 16th century, most manufacturers produced textile based services such as sewing, lace-making or household manufacturing. Today, cottage industries encompass areas such as baking, crafting and innovating.

    The appeal of buying from a cottage industry manufacturer is that the consumer can receive a unique, one-of-a-kind, hand-made product that isn’t mass produced. Many consumers also appreciate the human-aspect to home-based created products and services and feel that the majority of these cottage industry services produce a higher quality product than one that is mass produced.

    The main attraction a home-based business brings to the creator is the ability to dictate working hours, develop an item or service of interest, and sell the product or service for a higher profit margin. The downside of cottage industry produced goods for both the consumer and manufacturer is a slower production of product and less opportunity to compete with larger brands.

    How to Create a Home-Based Business

    Before launching a home-based cottage business, entrepreneurs should consider several steps in order to make the new business a success:

    1. Research your industry to evaluate the competition. Review consumer trends, the current market, industry knowledge and future growth. One fast and easy way to access this information is through the Small Business Administration’s Office of Economic Research.
    2. Check zoning requirements to ensure you can legally operate your business from home. Some home owner’s associations may prohibit owners from operating a day care or a food service business from home.
    3. Incorporate and register your business’s name with the city or county clerk. Determine if you will be the sole owner of the company or if you will have a partner.
    4. Apply and obtain a business license from your local government office. Also, determine if you should copy write or patent your work.
    5. Obtain a federal tax I.D. number from the IRS. This is imperative to have at tax time and will be needed, especially if you plan to have paid employees on board.
    6. Develop your business and marketing plan. Areas to consider include creating a website, business cards and establishing a separate business phone line.

    Cottage Industries May Be the Next Corporate America

    The beginning of corporate America started in the homes, kitchens and garages of everyday, ambitious people. With unemployment still high, Americans are turning inward to examine talents and abilities in an effort to make money. The dawn of Microsoft and Apple were started in garages as a cottage industry. Many others such as Famous Amos and even the creation of the bundt pan were cottage industry related.

    Innovative ideas fueled by well researched, determined individuals is the heart and soul of the cottage industry. Additionally, its not just the working class making an impact on the cottage industry. Retirees are leveraging their pension to finance home-based business ideas, adding more life to the cottage industry than ever.

    Gina Ragusa is a freelance writer and mom from sunny (and sometimes not) South Florida. Her 15 year experience ranges from writing about banking to tattoo parlors. Read more about her adventures at http://blog.wahm.com/





    How to design a business card: 10 top tips #green #business #ideas

    #designing business cards

    #

    Creative Bloq

    How to design a business card: 10 top tips

    A well-designed business card lends legitimacy to your business, and can make you stand out from the crowd of competitors. Check out our top tips on how to make a lasting impression.

    Although we re working in paperless offices more and more, the humble business card is still a mainstay of business. If you haven t got a card you can give out to prospective clients or collaborators, you re missing out on a key marketing opportunity.

    Not all business cards are created equal, however. We live in a world where the average small business can design their own cards and order them from well-known online printers for under 20. These cards tend to be of an inferior weight, and typically use twee clipart to relate themselves to the business being advertised.

    What this means is that there are a lot of poorly designed business cards out there! This is both a challenge and an opportunity: to stand out you need to create a design that looks fantastic, and helps you differentiate yourself. If you can make it tactile and feel pleasant in the hand, you ll be well on your way. Create an effective card and you can elevate your business above your competitors before the prospect has ever seen your website!

    So, with all that in mind we ve brought together 10 of our top tips for creating effective, innovative business cards .

    01. Use good design principles

    It might seem obvious but it s worth reiterating that a business card is a piece of printed material like any other. Because of this, the basic principles of paper-based design apply to business cards:

    • keep all your key copy at least 5mm from the trim edge
    • work at 300dpi for best image reproduction
    • ensure you maintain a minimum size for your typography to maintain legibility
    • design in CMYK unless you re working exclusively with spot colours

    Many designers also find it helps to use a grid to lay out their cards, as this can help you to achieve the right hierarchy of information as well as ensure your alignment is sound.

    02. Get creative within the constraints

    There are a couple ‘standard’ sizes for business cards, depending upon where you are in the world. One typical example is 55x85mm, although you’ll see many other sizes quoted on the web. Working within this tiny canvas you can still get creative with the space: start by considering the key information you want to include, which will typically be a name, phone number and email address, then work your design around presenting this information in a creative way.

    03. Avoid common pitfalls

    There are some common pitfalls to designing business cards that it helps to be aware of. The first and most obvious is to ensure you provide a bleed as specified by your printer. This is commonly 3mm, but can be 5mm so check! Just as important is to avoid using a straightforward border around the entire of the card, as this will show up any misalignment in the trim if the card isn’t perfectly cut.

    04. Use special finishes

    This example features a UV spot to highlight fret positions, on the reverse of a guitar tutor s business card

    An instant way to add impact to your business card, and make it stand out from the crowd, is to use a special finish. Special finishes include the likes of foil blocking, spot-UV and metallic inks, and can add significant cost to your print. What they offer, however, is the opportunity to make your card more tactile, visually impressive and memorable.

    Different printers offer different options for finishes, so speak to them to find out what they can do for you, and don t be afraid to go to a specialist if your usual printer only offers straight four-colour print.

    05. Cut into your card

    This card, designed by Phil Jones, Ryan Coleman and Jeff McCullough for Yoga One, shows how some creative thinking with die-cuts can result in a fun and memorable card

    A great way to make your card unique is to use a die-cut process to remove elements from the card stock, leaving a void. You can either use a die to change the shape of your card (by rounding the corners, for example), or you can cut shapes out of the centre.

    Dies are expensive to create the first time, although increasingly printers are offering laser-cut options that make it economical to create a die-cut look on shorter print-runs. There are some amazingly creative examples on the web, and when combined with creasing you can use the process to create architectural features in your card design. Also, don’t overlook letterpress as an option.

    06. Use unusual materials

    This card is constructed from a printed circuit board, and works as a USB device. When plugged in, it provides additional information about the owner

    Most business cards are printed on card stock. This is the most cost-effective option for printing your cards. If you re willing to get a little more creative, you can print onto all sorts of different materials including transparent plastics, metals, wood and even slate.

    Here dog treats have been used as a business card material, allowing the card to serve two purposes simultaneously

    Keep in mind that cards need to be portable, and easy to file away in a pocket or briefcase, but get creative with your choice of stock material and you’ll instantly stand out from everyday business cards.

    07. Make it useful

    This business card designed by Emily Berry converts into a handy chair that can hold your phone upright on a desk

    One of the problems with paper is that it s everywhere. Some people hold on to every bit of paper they receive, while others are far more ruthless and recycle at the first opportunity. To avoid the risk of being recycled, make your business card work as more than simply a calling card.

    This card was designed by Jamie Wieck and includes a seed that sprouts after a few days of soaking

    Some of the most memorable designs incorporate function as well as form. Examples include business card that act as a holder for hair clips or turn into a miniature armchair for your mobile.

    08. Make your own

    Breakfast Creatives cut up old cereal boxes to form their own, brand-relevant business card design. Credit: http://breakfastcreatives.co.uk

    If you re feeling creative, why not make your own business cards? You can find letterpress kits on eBay at reasonable prices, allowing you to convert any card stock into your own business card with ease. This is a time-consuming but very satisfying way of expressing yourself in a card!

    09. Recycle old cards

    These cards were made by hand out of business cards, christmas cards and screenprints that went wrong. Credit: http://designbyif.co.uk

    Old business cards, postcards or packaging can be repurposed and given a new life as your business card. Recycling is both environmentally sound and can allow you to express your creativity in new and exciting ways. There are some fantastic examples on the web to get your creative juices flowing. The process can be as simple as getting some stickers printed, or as complex as hand-illustrating over the top of each old card to suit the recipient.

    10. Double-check your artwork

    This tip applies to every bit of print work you do, but it s so crucial it s worth repeating. When sending your artwork off to the print shop, make sure you ve double-checked every single detail. There s nothing worse than getting back your cards and discovering you missed a typo in the email address or name. Check twice, print once is a a well learnt adage!

    Liked this? Read these!

    Have you got any tips for designing effective business cards? Let us know in the comments below.





    How to Start a Successful Window Cleaning Business #business #banking

    #window cleaning business

    #

    How To Start a Profitable Window Cleaning Business

    Can You Spare 7 Hours Next Saturday? If You Can, Here s How to Earn an Extra $350 With Your Own Window Cleaning Business

    How would you like a part time or full time business that s profitable and easy to start? If you re tired of living from paycheck to paycheck and want to start your own business, window cleaning could be your ticket to a better life. You know how hard it can be to make dreams come true when you re working for $10 or $20 an hour.

    The beauty of starting a window cleaning business is that you start making money right now, and you can start up for less than $600. The average window cleaner makes $50 to $70 per hour, so just by working four Saturdays a month, you could be bringing in an extra $1,400 to $2,000 next month! Best of all, you can make this extra income without quitting your regular job.

    Working full time, the numbers look even better, as you could be pulling in as much as $8,000 per month. Imagine what you could do with a monthly income like that. It s hard to find another legitimate business that has such high earnings potential combined with a low startup cost and no degree or experience required. You can learn the basics in just a few hours.

    With our complete startup guide,Profitable Window Cleaning . you ll learn a proven, step-by-step system, with everything you need to start making money right away. You ll learn how to pick the most profitable window cleaning jobs, how to find all the customers you want, and much more. To make this guide a must-have resource, we teamed up with two window cleaning pros, with a combined total of 30 years of experience in the window cleaning business, to give you insider tips and techniques on how to succeed as a window cleaner.

    I just wish I had this book when I started my business fifteen years ago. Just the tips on marketing your business and add-on businesses could have increased my income by 50 percent. Bill Weber, Ohio

    Eight Reasons You Should Get Started Right Now

    1. You can start a window cleaning business for less than $600.
    2. You ll be your own boss.
    3. Recession Proof. Windows get dirty regardless of the economy.
    4. You can make as much money as you want. You re in charge!
    5. Repeat business. Most window cleaning customers are repeat customers.
    6. Flexible schedule.
    7. Work from home you don t need an office or shop.
    8. Quick easy startup learn the basics in just a few hours.

    You ve probably cleaned a few windows before, and know the difference between a squeegee and a scrubber. At this point, you may be tempted to head down to Home Depot, pick up a few tools, and get started. Sure. you could, but why not give yourself a big head start by learning the right way to do it all. Here s a small sample of what you ll find in Profitable Window Cleaning that can save you many frustrating hours of learning by making mistakes, and start your profits flowing sooner rather than later.

    • The best way to structure your window cleaning business to reduce taxes and give yourself liability protection.
    • Be sure to get this type of insurance if you want to do commercial buildings.
    • Pick a catchy name to stand out from the competition here s how.
    • How to turn a simple business card into a marketing secret weapon for getting jobs.
    • Buy this instead of a yellow pages ad, and save thousands.
    • How to set up a basic window cleaner s tool kit for around $200.
    • The perfect window cleaning solution just pennies per gallon.
    • Why you should never bid by the hour.
    • Why you never want to be the low bidder.
    • How to charge top dollar a $20 trade secret.
    • How to find the perfect price for window cleaning in your home town.
    • How to write a window cleaning bid.
    • Don t make these bidding mistakes 12 tips to save you grief.
    • Six simple add-on businesses that most window cleaning customers need all you have to do is ask.
    • The $75 an hour natural sideline to a window cleaning business.
    • 5 steps to perfectly clean windows. Be sure to practice this until it s second nature.
    • Window cleaning tips and techniques that can speed up your work, keep customers coming back for more, and avoid a few potential disasters.
    • Links to how-to videos that will have you looking professional in no time.
    • How to use simple flyers to bring in thousands of dollars in new business.
    • Six ways to use postcards to market your window cleaning business.
    • Six sample letters to get new customers, get referrals from existing customers, remind customers it s time for another window cleaning and sell add-on services. Ready for your use.
    • How to grow your business just from referrals from happy customers.
    • How to set up a free web site.
    • How to make money by giving away your window cleaning services!
    • Safety solutions seven steps to avoiding work-related accidents.
    • Resources links for window cleaning trade associations, magazines, forums, videos, marketing materials and professional window cleaning products.
    • Sample customer information form ready to copy.

    I have had a six-figure window cleaning business for years, and still learned a lot from your book. The section on marketing is great, and you lay out the entire process of starting a building a profitable one-man operation. Nicely done! Sid Graef California

    Order Profitable Window Cleaning Now, and Start Making Money this Weekend!

    To make it affordable for you to get started in this business, I m offering you Profitable Window Cleaning for only $19, a $10 savings off the $29 cover price. That way, the tight economy and money are no excuse for not taking the first step in starting your own business. But I urge you to hurry. This special low price of only $19 is for a limited time only.

    Of course, there is no risk to you. If you decide it s not right for you, just let us know within 30 days, and you ll have a full refund. No questions asked.

    There has never been a better time to set up your own window cleaning business, at a cost anyone can afford. You ll be thrilled when you complete your first job, and get paid $200-$300 the same day.

    How to Order

    Profitable Window Cleaning is a 75 page eBook. delivered instantly as a PDF file so you can read it on your computer screen or print it out. You can start enjoying the guide right now, even if it s 2 a.m.

    If you prefer a printed copy, you can print out the book on your printer and put it in a 3-ring binder for easy reading. You will still have the full-color eBook with all the links to resources. No printer? No problem. Just email the PDF file to your local copy shop, and they can print it for you.

    P.S. Questions? Just call us at: (360)230-1917

    Popular Articles





    How to Read Your Boss – The University of Nottingham #business #reviews

    #business courses online

    #

    How to Read Your Boss

    0:13 Skip to 0 minutes and 13 seconds Welcome to the University of Nottingham. I’m Louise Mullany, a professional communications specialist from the Centre for Research and Applied Linguistics. This is How to Read Your Boss. Do you find conversations with some colleagues more difficult than others? Do you ever come out of meetings feeling that you’ve been misunderstood, or that you haven’t been given the time you wanted to express your ideas? Do you ever find it hard to explain yourself to your boss or with others at a more senior level than you? Do you find yourself ever wondering what your boss is actually asking you to do? If you answered yes to any of these questions, then this course is definitely for you.

    0:55 Skip to 0 minutes and 55 seconds Along with colleagues, I’ve spent the last 15 years investigating communication styles in a wide range of workplaces, from small to medium sized enterprises right through to large multinationals. How to Read Your Boss draws upon the findings of this research. The course will provide a basic introduction to a sample of linguistic toolkits to help you produce a quick and effective analysis of your own and others’ talk. You will also have a suite of different strategies to draw upon, which can enhance your persuasive presence and impact in the future. This course is unique, as it is based upon the analysis of authentic business conversations that have actually taken place.

    1:37 Skip to 1 minute and 37 seconds How to Read Your Boss provides access to cutting edge academic knowledge and practical activities based on how people really talk at work. I hope that you will take the opportunity to join us, and discover how linguistics can help you read both yourself and your boss.

    About the course

    Think about the conversations you have had in your workplace over the past few months. Do you come out of business meetings wishing you had said something differently, or felt misunderstood? Do you have difficulty talking to people more senior than you? What about when talking with other colleagues? ‘How to read your boss’ introduces you to the world of business communication through linguistics.

    The course presents a set of ‘linguistic toolkits’ which you can use to create a linguistic profile of yourself and others, including your boss. It is designed for you to assess the effectiveness of the communication styles you use and identify the type of communications culture where you work. It will offer alternative strategies for future business talk. It aims to encourage you to become more reflexive and self-conscious language users when communicating at work.

    How to Read Your Boss is the second in a series of ‘How to read…’ courses which will be presented by applied linguists, discourse analysts and literary critics at The University of Nottingham.

    How to Read Your Boss will be useful for anyone working within businesses/organisations in the public, private or third sector, including managers and those with leadership responsibility.

    Educators





    How to Write a Business Proposal #business #phone #system

    #business proposal examples

    #

    How to Write a Business Proposal

    Hi there! It looks like you’re new here. Find out how to land more clients with this free guide: 16 Marketing Tactics to Get More Clients .

    Photo Credits: Jomphong / FreeDigitalPhotos.net

    A business proposal is perhaps one of the most critical documents you need to learn how to write. It is what spells the difference between success and failure, whether you re a freelancer or you have a company of your own.

    In today s cut-throat business world, entrepreneurs find themselves spending hours upon hours submitting business proposals to potential clients, and not get any results. On the other hand, there are those that are like snipers, able to get the contract after just submitting one business proposal.

    So how do they do it? Well, this article will teach you show you how to do just that.

    The Basics of a Business Proposal

    Before you even go and start writing that business proposal, you must first understand what it is and learn the basics.

    A business proposal is a written document that offers a particular product or service to a potential buyer or client. There are generally two kinds of business proposals: solicited business proposals (which are submitted in response to an advertisement published by the buyer or client) and unsolicited proposals (submitted or given out to potential buyers or clients even though they are not requesting for one).

    Business Proposal vs. Business Plan

    Quite often, the terms business proposal and business plan are used interchangeably, giving you the impression that they are one and the same. But they are not.

    A business proposal is created to offer a product or service to a buyer or client. On the other hand, a business plan is a formal statement of a set of business goals and how these would be achieved. The latter is only part of what is included in a business proposal.

    3 Ps of a Winning Business Proposal

    The secret behind writing a winning business proposal and one that will just be set aside is the presence of what I call the 3 Ps: problem statement. proposed solution. and pricing information .

    Problem Statement

    A successful business proposal must be one that is able to describe to the client what their needs are in a plain and simple manner. This is extremely vital because how can you expect the client to believe that you can help them solve their problems if you don t even know are these problems?

    Here s an example of a well-written problem statement of a business proposal:

    With the presence of social media in today’s advancing world, Puffin Media Inc. hesitated to make the leap from traditional marketing to social media marketing.

    Their marketing tactics seem to be losing effectiveness and the company feels as if they are missing out on a large segment of their market. In addition, their competition has began acquiring the majority of the business in the market and have brought Puffin Media’s growing revenues to a halt.

    Proposed Solution

    The main objective of submitting a business proposal is to offer a solution to a problem faced by a prospective client. This part should be as detailed as possible, and able to address each and every need you have discovered.

    Here s an example:

    The solution that is recommended for Puffin Media Inc. is to deploy their company on all of the major social media channels; however, there is a major difference in creating social media platforms versus creating a brand you can promote on those platforms.

    A marketing campaign must be created utilizing these media channels and creating immediate engagement with your audience. In order for this to be successful, you know how to make sales. Initially, acquire some fans, followers, subscribers, and connections and invite them to join you in particular discussion or attend a specific event.

    The purpose of this is not only to promote Puffin Media Inc, but also to solicit feedback from the target audience.

    Pricing Information

    For many clients, the pricing information is what will make them decide whether they would offer you the contract or not.

    How to write this part greatly depends on the solution or solutions you included in the previous segment. If the solution proposed will only entail a short period of time, a Fee Summary will suffice. For longer projects, segment these payments to specific milestones in a Fee Schedule list.

    Things to Remember When Writing a Business Proposal

    Now that you know the essentials of a winning business proposal, it s time to go ahead and start writing, right? Well, not exactly.

    The next part is to be able to find out what to put under the 3 Ps so that you can develop a business proposal that gets their attention and awards you that contract.

    Do Your Research

    Not all clients and buyers will give you the explicit details of their wants and needs, especially if you re submitting an unsolicited business proposal. Extend your research to include the competitors of your potential client, and their customers as well. This will ensure that your business proposal will be as comprehensive and as detailed as possible.

    Put Yourself in their Shoes

    Another thing to remember when writing a business proposal is to always put yourself in the shoes of your potential clients. Doing this will help you provide information on things that they would most likely ask, such as Why should we pay you this much amount for the solutions you re offering and How can these changes benefit me?

    Why You?

    If you determined that a company or client has certain needs, chances are others would have done the same. That means that there will be others that have submitted their respective proposals to the company or client.

    That being said, it is important to make sure to highlight your talents, experience and other qualifications to convince the client why they should choose you or your company.

    Writing that Business Proposal

    When you got all of these, then you re finally able to start writing your business proposal. One of the best ways on how to write a persuasive business proposal is to use a business proposal software.

    Business proposal software programs helps you write your business proposal without having to worry about how they should be put together and the content that you need to include. These programs contain two kinds of proposal templates that you can use and re-use, depending on which one you need to write.

    In addition to the stored templates, you can create your own proposal templates through these programs based on previous proposals you ve created, making it even more convenient for you and your business.

    A Final Word…

    Although business proposals present the same information and have the same layout, it s important to take time and make each one unique. Each project is different, even if it s with the same company. Remember, a business proposal must show how you or your company can help a potential client.

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