Self employment articles
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- 2007-11-13 22:16:19 - Sales planning and business plans
- Writing a business plan can be tricky when all the books on the subject fail to keep updating their editions. One significant factor is the sales planning in business plans, yet few books show examples of how to explain online sales which will contribute to your over all stores sales in your retail outlet. Additionally many service companies take orders online and dispatch their units from there. ...
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- 2007-11-13 22:16:19 - Business plan long term goals
- Writing a business plan is not an easy endeavor, nor is predicting the future. You will need to spent adequate time in preparing your long-term goals and objectives. This will help you understand what you are doing and where you wish to be. Martin Luther King in is most famous speech said; "I have a dream" which is noble indeed, but had he had a "Strategic Plan" with quarterly ...
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- 2007-11-13 22:16:19 - Legal strategies in business plans
- Writing a Business Plan these days is tough, venture capitalists are busy and there are so many ideas to choose from. Bankers want a tight, sweet and to the point business plan. Family Members who may lend you money are generally worrisome due to lawsuits and liability. This is why you need to pay particular attention to the Legal Section of your Business Plan.Below is a sample legal sectio...
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- 2007-11-13 22:16:19 - How to write a business plan market analysis
- Writing a business plan is an essential part of the initial strategic planning of any company. One thing, which seems to hang up most entrepreneurs, is figuring out what kind of data and information goes into the Market Analysis section. So often entrepreneurs will attempt to bluff or BS their way thru it. Often you find those with MBA write meticulous Market Analysis sections and although they ma...
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- 2007-11-13 22:16:19 - Business plan 101 how to write a table of contents
- No matter what business you plan to start in your next entrepreneurial endeavor you need to be thinking about writing a business plan. Even if you are not seeking funding for your new business or already have secured funds from family members, angel investor types, personal savings or partners. A business plan helps you start out on the right foot and makes you think about your future strategies. ...
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- 2007-11-13 22:16:19 - Is plan b ready?
- Business owners and entrepreneurs are, by nature, risk takers and adventurers. If we didn't have that "optimism gene" floating around, not much of any progress would ever get done. But every so often the adventurous get in trouble.They plan a new venture ? perhaps a new product, service, expansion into new geography ? whatever, and they hardly pause in their quest for the golden r...
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- 2007-11-13 22:16:19 - Connecting your offline business to your online business
- These may sound like no brainers, but you'd be surprised. No matter how high-tech your business has become, there is no doubt you still have some non-electronic aspects of your company. These are things like your business cards, stickers, and work shirts, to name a few.Check out your business cards first. These should be at the ready whenever possible. Make sure your website is listed on yo...
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- 2007-11-13 22:16:19 - Advice to manufacturers creating a business plan
- If you are a manufacturer wanting to use your business plan to attract investors, then your plan must do two things. It must:Comfort prospective investors with putting their money into your hands, andShow why potential customers will award business to you rather than your competitors. Earn the Trust of Skeptical Investors?Prospective inve...
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- 2007-11-13 22:16:19 - Under construction during the storm ? a hurricane guide for businesses that are under construction
- As a business owner, you've likely created a hurricane plan for your business and your family, but did you overlook your construction project? Don't worry, you're not alone. Most people don't even think about preparing their construction site because it's not written into their "construction timeline." But when a hurricane threatens, general contractors usually get panicked phone calls asking abou...
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- 2007-11-13 22:16:19 - The importance of value mix
- ( * - the word 'product' can be substituted to mean 'service' too; and vice versa )Every consumer looks at maximizing value accrual while engaging in act of purchase of products* or services*. Marketing as a domain plays a very important role in influencing a purchase. This influence is aimed at convincing the consumer of the value inherent in the product or service they market. Post purcha...
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- 2007-11-13 22:16:19 - Vision getting dim?
- A recent conversation started with a typical question, "How's business?" The reply was equally typical and prefaced by a sigh, "You know (another sigh), same old / same old."Clearly the person responding has "VCD" or "Vision Challenge Disorder." VCD happens when the vigor goes out of the company vision like air going out of a balloon. Maybe the origin...
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- 2007-11-13 22:16:19 - What is your msp?
- For many consumers and producers, MSP is an acronym for Manufacturer's Suggested Price. Today, I would like you to consider a different definition for these commonly used letters ?Marketing, Sales and Profitability.In a previous article, "Do You Know and Plan for the 3-R's for Your Business" ( Ezine Article.com directory at ...
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- 2007-11-13 22:16:19 - Why 9 in 10 businesses are overspending on day-to-day expenses
- Experts estimate that 90 percent of Australian businesses are overspending on day-to-day expenses, by as much as 75 percent in some cost categories!Looked at the operating costs of your business lately? You might be surprised at the savings that can be gained with a systematic approach to cutting costs.The easiest way to lift profits is to cut the fat out of costs. Cost-cutting and p...
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- 2007-11-13 22:16:19 - Insurance requirements in franchised companies
- Franchised companies often require what some believe to be excessive insurance requirements. This is because so often if a franchise is sued for any reason that the Lawyers go after the big money of the franchisors and name them in the lawsuit. It is amazing that a lawyer can write garbage in a lawsuit and file it in court and if you do not hire another lawyer to fight them, you could lose your en...
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- 2007-11-13 22:16:19 - Mobile franchise business expansion strategy
- If you own a mobile franchise business and wish to expand you will need to have a strategy that involves your franchisor. Additionally if you are a franchisor it is important to have some sort of policy in place in advance so that there are no hurt feelings as franchisees expand.Our company has such a policy but as per our franchisee survey less than 20% of the franchisors who participated ...
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- 2007-11-13 22:16:19 - Vendor relations strategies sample outline
- One of the quintessential parts to any business is your supply chain. To insure that the supplies are there when you need them; in this new day and age of "just in time" distribution where very little sits on warehouse shelves until you order it you will need excellent vendor relations. Without the help of your vendors a small customer need turns into a astronomical problem and if you ca...
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- 2007-11-13 22:16:19 - Nine succession planning mistakes small businesses should avoid
- 1. Attempt Succession Planning Without Other Strategic Plans. Succession plans define a company's business heirs, but what will they inherit? They will inherit a company with no vision, no strategy to deal with the competition, and no plans for changing the way it does business, if the current owners spend too little time planning for the future. Every firm should have strategic plans to increase ...
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- 2007-11-13 22:16:19 - Strategic planning fundamentals
- Strategic planning is vital while starting a new business or expansion of an business or planning to boost the performance of an existing business. But it requires detailed strategic planning and controlled deployment activities. Strategic planning is used to delivers its value proposition and achieve its mission.The main difference between Strategic planning and long term planning is long ...
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- 2007-11-13 22:16:19 - Don?t just talk about the weather, use it to advantage
- A well known, national chain of restaurants discovered that certain weather patterns substantially impacts their business. They have studied it and found that more people go out to eat dinner when there is a series of beautiful days. So they measure the weather quality at their stores across the country. Managers report the weather quality daily. A weather predicting system is then employed to det...
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- 2007-11-13 22:16:19 - Getting started with succession planning: part ii
- Succession planning requires the owner of a small or medium-sized business to plan for what the company will look like and how it will operate after the transition to new owners is complete. Unless the owners have succession goals in mind, they won't achieve them. Once these goals are in place, the owners should backtrack and identify the process that will get the firm from its current status to t...
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- 2007-11-13 22:16:19 - Getting started with succession planning: part i
- GETTING STARTED WITH SUCCESSION PLANNING: PART IA survey of 4,300 small business owners by the Canadian Federation of Independent Business (CFIB) revealed about 37% said they plan to sell their businesses upon retirement to non-family members. Twenty-six per cent said they planned to transfer or sell their business to family members, and an equal percentage had no business transfer plans ye...
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- 2007-11-13 22:16:19 - Succession planning: problems getting started
- A survey released by the American Institute of Certified Public Accountants in the spring of 2005 illustrates a widespread problem on the lack of succession planning [deciding who will take over running the firm when the current managers die or retire]. The survey found that 60% of responding certified public accountant (CPA) firms have owners who are in the 55-to-62-year-old age bracket, and more...
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- 2007-11-13 22:16:19 - Business plans keep you on the success course
- Where would your business be without a proper plan? A business plan sets the direction for the future of the business. It gives the business owner or manager a sense of guidance, listing the goals and objectives of the business from the start.Writing a business plan requires your attention; a successful business plan cannot be rushed. Once a concept for a business has been developed, lookin...
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- 2007-11-13 22:16:19 - Secrets of effective brainstorming
- Have you been in a "brainstorming" session where each person just defended their own ideas? Worse is when people don't suggest ideas at all, for fear they'll be attacked. That's no way to brainstorm. Brainstorming is using the power of many minds, and ideas should flow freely and trigger other ideas. How do you make that happen?The Key To Good BrainstormingYou have to have a g...
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- 2007-11-13 22:16:19 - In business planning, competition is good
- When developing the competition section of your business plan, companies must define competition correctly, select the appropriate competitors to analyze, and explain its competitive advantages.To start, companies must align their definition of competition with investors. Investors define competition as any service or product that a customer can use to fulfill the same need(s) as the compan...
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- 2007-11-13 22:16:19 - Breaking the growth barriers in the information technology and software sector
- There's nothing automatic about corporate growth, particularly in the information technology industry; build it and they will come is a myth. In the real world there is either a structured, process-driven growth cycle, or stagnation-and stagnation is automatic. Inherent to growth cycles are barriers, real-world business challenges that put some software companies out of business and spur others on...
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- 2007-11-13 22:16:19 - Seasonality: whats the big deal?
- Do you work in or own a business that's affected by seasonal cycles? Do you live in a community whose population changes significantly during the year (e.g., tourist influx, students returning to college)? Do you ever feel stressed out or frustrated by the seemingly constant changes or the extreme highs and lows of your life or your business?Many people feel that these cyclical changes are ...
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- 2007-11-13 22:16:19 - Describing intellectual property in your business plan
- Most companies that are worthy of raising venture capital have proprietary Intellectual Property (IP). In fact, the quality of the IP and the management team are often the two most important aspects of a venture capitalist's investment decision. The challenge that many ventures face, however, is that most investors will not sign non-disclosure agreements (NDAs), and NDAs are critical to maintainin...
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- 2007-11-13 22:16:19 - Action planning
- ACTION PLANNING: Action Planning is a process to develop strategies for changes in the organization based on an analysis of the problems which precipitate the need for change. It is a collaborative method of planning which involves the people working in the organization and permits the people who will be influenced by the decisions and change to have influence on the product or outcome. Action Pla...
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- 2007-11-13 22:16:19 - Six key principles of corporate accountability
- The foundation of any business transaction is the promise of fair deal. In complex organizational relationships, it is all too easy to lose sight of the existence and terms of this deal. On the surface, that employer/employee relationship, called a job, is a fair deal wherein the employer's money is traded for the employee's time and talent. The deeper reality, however, is that the employer is act...
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