Category Archives: Business

Business Game Credit Card

Small business owners and would-be entrepreneurs are not as well connected to sources of high finance with which to bankroll their projects. Business credit cards can be their door to that opportunity or, at the very least, a much appreciated lifesaver for existing businesses from time to time. It is not unrealistic for the small business owner to anticipate that a cash flow crisis could occur at anytime. Perhaps for this reason, business credit cards are seeing wider use as a source of financing, with some of the business credit card holders learning the game of how to make things really work to their advantage.

For instance, small business owners who keep their business credit cards on file with their regular vendors can help eliminate COD charges, receive expedited delivery services, and get the chance to stretch their cash flow by a few extra yards. Your business can conserve cash for a little while longer by charging supplies to the business credit cards at the beginning of the billing cycle – which gives you a float of about 21 days.

It cannot be said too often: business credit cards can really help you manage the business better. That you can use the business credit cards for travel and client entertainment is well documented. Less well known is, that at the end of a quarter, the period expense account summaries from your business credit card companies are a big help in reconciling your transactions and preparing your quarterly tax filings. More than that, if you take the time to review the summaries, you will have the ability to uncover some potential trouble spots. You may find out where the business is incurring too much expense, and which employee is causing the financial leak.

You will also observe that due to the competition among issuers, many business credit card issuers offer you zero percent interest rate for balances transferred from another business credit card company to theirs. This presents you with a really great opportunity – if you go about it in a smart way: You can capitalize on these zero-interest offers by continually moving your balances from one business credit card to another business credit card without ever having to pay market rates. This is a perfectly legitimate strategy, and there are more than enough business credit card issuers out there asking business credit card holders to do exactly that.

You can play it as a kind of game. You would never run out of new business credit cards to jump into when the introductory period on one business credit card is about to  expire. If you do take this tack, be alert about keeping on top of your statements and your expiry dates.

It will also work in your favor if you transfer your business credit cards when you observe interest rates starting to rise. As an alternative, you could speak with your existing business credit card issuer to see if they are willing to bring their rates back down. Note, though, that repeated applications for business credit cards may impact your credit reportScience Articles, so keep eye on acceptable periods for credit inquiries.

Advantages of Double Sided Printed Business Card

Business cards is like a sales person for your business. They bring information about your business and if they are good enough, they will be able to bring business for you. The problem is that so many information and benefits we can offer in our business for our prospects and customers but limited with a physical sized card.

There is a little help for that, that is to have your business cards printed on double side. So many space wasted in most business cards that only use one side of the card. While the other side is only left with almost no useful information about the business itself.

Double sided business cards give you more space to put your business details and advantages. Here are some thoughts.

You can list some prestigious projects or clients you have handled, that way it can help boost your credibility and give your more bargaining power for your business.

You can put the pictures of your products, this actually effective for business that sells specialized or customized products. You can also put the list of your branch offices or your business partners. That list will bring great impression for your business scale.

You can put the brands of the products you sell or use as your business support. This will work both ways, first it will help to confirm that you use only high quality products from the brand. The second oneFeature Articles, it will also build the brands image.

There are so many things available to put in the other side of the double sided business card. It is up to your creativity to make it work for your business.

Business Planning

            A well-developed business plan is more than a road map.  It serves to define the business concisely, identifies goals and milestones and a desired timeline in which to reach them, and serves as a resume for “selling” your business to banks and investors.

            The most important component of a business plan is the financial report. A financial report should include at the least 3 components: an income statement, a balance sheet, and a cash flow analysis.

            The income statement is a summary of a company’s profit and loss over a certain period, usually a year, but for a fledgling company, the time may be shorter.  It serves to track all the income and expenses of the operation; where expenses can be or should be reduced, and where weak points in the business may be.  For example: is the phone bill excessive

A  balance sheet serves as a snapshot of the company at any given point in time and shows the kind of assets, liabilities, and ownership position of the investors within the company.

A cash flow analysis shows how the company generated and used cash for a period of time.  The cash flow analysis shows three types of activities, operating activities, investing activities, and financing activities.

When writing your business plan make sure you know your audience.  Typically your audience is either going to be directed at what is known as ‘angels’; e.g. Mom and Dad or wealthy investors that become personally involved in fledgling business.  If you are directing your business plan to the Bank of Mom and Dad or to a wealthy family friend then your business plan probably doesn’t have to be as perfect as if you were submitting your proposal to a formal bank.

The second type of audience that your business plan could be directed at are venture capitalists.  This is were you need to make sure all of your i’s are dotted and t’s crossed.   Venture capitalism is all about taking a risk and getting a high return from it, so the only way to attract investors in this market is to persuade them with a top-notch business plan.

Whatever you decide to do for your businessArticle Search, the critical first step of a business plan will set the tone and provide a solid platform from which you can grow and hopefully succeed.

Steps to Offer Business Co-operation to Business

There are many important stages to creating a successful business to business partnership deal. Generally all B2B partnerships keep to a few basic steps from initiation to execution. The following are ten points to be aware of while moving through the process of establishing a business to business partnership. Whether you’ve never established a partnership business deal or you have created several, these steps can be a good guideline to follow.

Process guide for Business to Business partnership deals

  •  Identification – Identify the advantages you’re seeking in forming a business partnership deal. This way you’ll have a clear idea of what you’re looking for in a partnership. Also be sure to understand what value your business provides to potential partners.
  • Exploration – Finding the right partner is critical. Create a target list. Reach out and meet people on your list. Be ready to perform due diligence on companies and understand the opportunities that may be presented to you and your company.
  • Structuring – Work out the partnership details with the other executive management team. Make sure to include these steps during implementation of the partnership.
  • Negotiating – Know what you need from the partnership and what your final numbers are concerning any revenue shares or costs associated with the partnership.
  • Drafting – Work with your company’s legal team to create a template for creating partnership deals especially if your company’s business model is B2B.
  • Reviewing – Try to get as much of the work done beforehand as possible before having the lawyers review the agreement in order to keep costs down. After you have a great working template just a simple review is often all that will be needed.
  • Signing – Always meet in person if possible to sign the agreement and make sure to keep copies of all business to business partnership agreements both in a cloud based service like Dropbox and in hard copy formats.
  • Executing – Educate your staff about the partnership. Be sure to create a training manual that explains the details of how the partnership works. This can also be provided to the partner’s staff in order to bring them up to speed. Make sure everyone involved has current and correct contact information to reduce communications issues.
  • Review – Schedule regular partnership review meetings and updates. This keeps communication open and is critical in the early stages of a new partnership to fix any unforeseen issues that may come. This will also be a valuable tool for established partnerships as new opportunities for growth may present themselves. Always be on the lookout for new and innovative ideas as they relate to your business to business partnership.
  • Reward – Build incentives for both your team and the partner’s team. When staff can see the direct benefits to new relationships in their pockets versus just more work being placed on their shoulders they are more likely to take the relationship seriously and strive to maintain effective business partnerships.

Businesses to business partnerships are one of the best ways to grow a company and expand into new markets quickly, but they do require a well thought out start-up process if they are to be a successful and integral part of your businesses growth strategy.

Ways Getting Business Loans When Times are Tough

Do you need a loan for your business? A lot of people seek certain business loans as aids when starting a new business. As much as you plan for contingencies, your business may need more than you imagine. Costs of rising every day and if you make your business plans months before starting up, you may have to come up more money than you planned for.

Building a new business can cost a fortune and be sluggish in growth if the required information is not gathered before launching the business. If you can’t turn your sales forecast into cash in a timely manner, you run the risk of having to pay operating expenses without proper funding. This alone can kill your business before you are able to show potential customers the value of your products or services to them.

Being adequately informed is necessary in terms of business loans. There are many places you can get a business loan. Some of them with little collateral, others with enough red tape to dampen your hopes of opening your business. It is important to know you have many choices and should avoid those lenders who want to tie your hands so tight you can run your businessefficiently.

You can also choose which location you want to find your loan. Some lenders have many branches where you can negotiate a loan. If you do not get along with the lender at one branch, then just walk or take a drive to another branch offering the same services. Some lending institutions allow some of their lenders discretionary powers when making loans.

It is good to know your numbers when negotiating a loan. Make sure you have a business plan and study the numbers in itBusiness Management Articles, as you would prepare for a sales call. How well you do depends on how prepared you are. You don’t need to be an accountant to know your numbers. The point is: you should be intimately familiar with every aspect of your business before you put up your “in business” sign. Be prepared before you negotiate a business loan.

Business Cards a Good Start for your Business

In starting a business, using business cards is vital. This is because you are one step ahead for your business success. The cards that you distribute to your clients will keep on reminding them of what possible services you can provide and how they can easily reach out for you.

As a primary tool for starting your business, your business cards must contain all the significant details about your business. To start with printing your cards the following are the needs that your cards that must have.

1.Paper stock – your business cards are distributed by the hand. They reach for people of different places through one hand then the other. Thus in order to keep your cards being crumpled and torn the paper stock that you use must be durable enough. The business cards are commonly printed with 14pt card stock. This stock possesses a bright white, high-quality stock that will be perfect for the full color business cards printing application.

2.Colors – since you are starting your business and you want to create an identity that will last, applying colors can be a great help. Colors make your card look vibrant and attractive. With the stunning bright colors that you use chances are you grab your clients’ attention.

3.Design – in designing your cards you can be artistic. You can custom print them and choose for the colors, text fonts, logos and size that you want. For the background image you can make use of graphic designs, artwork or illustrations that will fit with your target audience. The skilled graphic designer of your chosen printer will essentially work out to make use of visual elements in order to create a message.

4.Content – the information that you provide in your cards must answer the questions that your clients are looking for. The cards must have the significant details about your exact locationArticle Search, company name and telephone numbers. Primarily if your cards contain all the information needed on it will lead to win your clients attention. Convince and persuade your clients and end up gaining more sales and profits.

Generally the portable feature that the card possesses is one of the reasons why you can bring your cards with you anywhere you go.

Grow Your Business with Business Incubators

As the name recommends, business incubators are firms that help new companies with getting off the ground, offering an assortment of assets and administrations intended to sustain and quicken its advancement. These assets incorporate unmatched access to experienced business people, specialists, ability, and at times even start-up capital.

Notwithstanding, business incubators in Hyderabad are a valuable asset for start-up business visionaries.

Research your choices

Not all business incubators are the same. Comprehend what the hatchery offers as far as assets and administrations and expenses. These ought to coordinate the necessities and abilities of your start-up and start-up group.

Converse with graduated class

On the off chance that conceivable, contact graduated class of the project and talked about their encounters. Ask about their individual undertakings and how the hatchery made a difference. Bring all criticism with a grain of salt, as a few parts of the experience, will be pretty much vital to you.

Collect your group

Before plunging into a business hatchery, consider having your establishing group together first. At last, your plan of action might turn and change, as will your group, so adaptable once you are acknowledged.

Expert your pitch

Begin get ready and practicing your business pitch, which is the offering purpose of our work. Business hatcheries need examples of overcoming adversity and, if the case might be, lucrative value possessions, so they are searching for business thoughts with the best potential for achievement. Invested energy into idealizing your pitch.

Choose what you need to give

Taken a toll for being acknowledged and participating in business incubators change significantly. Notwithstanding your time and vitalityHealth Fitness Articles, costs incorporate charges and an offer in your start-up value. Be straightforward and solicit yourself how much from your organization are you willing to trade for the administration’s advertised.

Creating a Business Plan that Means

Developing a well-crafted business plan is crucial to the launch of any business. It sets up goals and realistic expectations. It’s your road map to success with signposts that reveal your strengths and weaknesses. It also helps keep surprises to a minimum. And it ensures that your business moves steadily and reliably toward certain specific goals. The right business plan can make all the difference in getting the funding you need, convincing loan officers, suppliers and your management team that you’ve thought things through, and that you’re committed to your enterprise, whatever it may be.

Don’t Put the Cart Before the Horse

Many eager entrepreneurs start their business before they finish their business plan. Bad Idea. They say they don’t have the time for a formal business plan, or that the market is simply changing too fast. They need the flexibility to react. Think of your business plan like a road trip—with your banker and management team all packed in the same car. Would you rather plan your route ahead of time with a map? Or start driving and wrestle with the map while you drive? So what does a good business plan consist of?

The Executive Summary

This should appear first and summarize the important elements of your entire business plan. It should include an overview of the industry you plan to compete in, brief profiles of the major companies in this industry, their estimated sales, where the industry is headed, and any trends that may affect the industry now and in the immediate future. You’ll also need to introduce the products or services your business will be selling, your USP (Unique Selling Proposition) and any barriers you’ll need to overcome to break into this industry. Next, comes your competition, their market share, and how you plan to protect your product or process (i.e. patents, copyrights, trademarks, franchise rights that you either hold or plan to acquire) to ensure you keep market share.

Analyze the Market

Here’s where you’ll go into depth about the primary target market for your product or service. This includes location and demographics and how your product or service will meet the needs of your market segment.

A Realistic Look at Your Competition

This will detail the competition for your product or service. You’ll present an analysis of any and all advantages your competitors have over you, and exactly how you plan to address and overcome them.

Your Organization’s Structure

How will you structure your organization? What are your human resource needs? You’ll need to specify who will manage your business, and describe what each person will do.

Facilities, Equipment, Supplies

This is where you’ll cover your building/office sites, equipment facilities and equipment. You’ll want to describe your manufacturing and/or assembly process, as well as any environmental requirements mandated by local, state federal laws. You’ll also need to include the type and number of initial employees required to launch your business. And don’t forget to detail any inventory requirements and list of suppliers you plan to use.

Financing…Where Will You Get it?

How and where will you secure financing? You’ll need to present details here that will pass the scrutiny of unforgiving funding experts. You might want to consult an accountant and tax specialist to help you with this section.

Marketing, Advertising, Promotion

What is your sales strategy? How will you price your product or service? You’ll need to reveal your plans for advertising and promotion. Initial and ongoing. What media will you use to showcase the benefits of your product or service?In conclusion, it might be a good idea to start with the detailed sections first, then write the Executive Summary. FinallyFeature Articles, try to include as many facts as you can and be as detailed as possible.

Secrets of a Successful Small Business

What is it that an individual can do to achieve lasting success in their small business? Here are a few ideas to improve your chances of gaining small business success using time tested secrets I personally use in my own business.

1. Research. You can either market the product you have now in the hope of it being acceptable to the market place or you can research the market for the best product to sell.  At any rate market research has to happen first and once done, marketing is a continual through the life of your business.

2. Cash Flow. Lack of cash flow is a major reason for business failure. It’s OK to gain sales and make money but if you don’t or can’t collect it you are destined to go broke. The rule to keep in mind is to make sure you invoice as soon as possible and you pay as late as possible. This is a simple plan that works. So sit down, and take the time to create a cash flow plan now.

3. Technology. Technology will save you thousands of dollars and halve your work time. Buy as much as you can afford. Remember, the hours spent in your business are worth money and plenty of it so be smart and embrace technology. Technology can automate every part of your business including communicating with customers.

4. Passion. There is nothing worse than going to work and becoming a clock watcher because you are unhappy. Find something you are passionate about and do that. The day won’t be long enough then to do all you want to accomplish. Why? Your passion creates enthusiasm and that will carry you through any tough spells.  It’ll motivate you when your business hits bad times.

5. Marketing. The prime function for you as a business person is not to sell product but to become a marketing Guru. Marketing is one of the areas where many business owners fall down and that has a bearing on whether or not a business will be successful. You love your business and you want it to be successful. Do research and find out how are you will convince prospects to buy what you have?

6. Advice.  You may think you are pretty smart. You may have specific knowledge about your specialty which is great, but you will come unstuck if you haven’t run a successful business before. You must still seek advice from experts when building your business. The reason is business is not about what you know in your field. It’s controlled by legislation, consumer rights and marketing.  Get advice from solicitors and learn about customer service from experts. Being prudent in this area will help eliminate any start-up mistakes and set you ahead of your competition.

7. Delegation. When you own a small business you have to wear many hats. You are the CEO, GM, admin manager, customer service manager, research and development person, sales and marketing manager and everything else. It’s not practical to manage your business this way and hope to grow at the same time. Delegating responsibilities and tasks is an important component of running an efficient and successful business. As the business owner your time should be spent growing the business, working on the business, not in it.

8. Internet. I am not talking about using the Internet to sell your product or service [even though it is often used for this] but rather use it for research, communicationPsychology Articles, making payments to save time. Use the internet to gain more for your business to save time and money for business building tools and the latest resources.

Good Business with good Business Plan

Are you projecting to begin a new business? Or are you conceiving blowing up your current business and compel a bank loan or investment from foreigners?

If you are going to expect for an investment of capital it is quite potential that you will be expected to have a business plan. If you are getting a business, in spite of the work affected, a business plan can prepare you for the obstructions ahead and assist ensure your success.

A business plan is something that many small businesses fail to produce, nevertheless, many business owners are inexorable that having a written business plan is matchless of the keys to their present success. Making a business plan forces you to excogitate possible obstructions to your business and devises you to find answers that will help you to get the best.

To find investors or acquire a bank loan, they will want to see that you have the experience or resources to run the business. They will require to see your projected revenue as well as your advised repayment plan already laid out. Bringing the time to do this isn’t only significant for them, merely it gives you a measuring tool to affirm if your business is arising properly. You are able to gage your success on how close to the plan your business has actually executed. Possibly you’ll do worse, or perhaps you’ll do better, either way it assists you determine how well your business is getting on.

If you consume never seen a business plan ahead you may be concerned that is is too hard a proposal for you to manage on your own.

Although there are services available where you can employ somebody to write a business plan for you, depending upon your needs it may be wise to acquaint yourself with a business plan’s layout. This will not only assist you to furnish the necessary information, but may promote you to try your own hand at it.

There’s a free tool online which will assist you in producing a business plan. Some of the topics you will be compelled to explain are your Market, Customer, Marketing Plan, CompetitionFree Web Content,  Research & Development along with financial forecasts. You may consider employing someone to help you with your financial sheets after making out the written part of the Business Plan.

Your Business Plan will suit your guide and silent business partner – showing where you need to improve and assisting you stay one step ahead of your competitor. Construct it a priority to have this crucial road map for your business.