Education is the # 1 Small Business a key to success.

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Luin äskettäin, artikkeli MSNBC.com oikeus "pienyritysten omistajat kohtaavat luoton squeeze
Yrittäjien sanoa pankit ovat edelleen erittäin varovainen riskin". Minusta melko järjetöntä kyseisen kärki Uutiset, sivustot edelleen julkaistava tällaisia esineitä, ilmoitetaan seikoista ongelmista; talouden tila, jatkuvan luoton ja yrittäjien ja pienyritysten omistajat julkaisematta mahdollisia ratkaisuja näihin ongelmiin pääoman puute.

Luettaessa yrittäjä ja pienyritysten omistaja on minulle käynnissä kukkulat (jos en tiennyt jo kestää käyttää liiketoiminnan luoton tänään). Tämä tietotyyppi on vähintäänkin melko disheartening. Olemme yrittäjien ja pienyritysten omistajat, joilla istua smack hietakampela yleisen taloudellisen vimma, keskellä kansakunnan ei ole kysymys siitä, että! Emme katso tiedotusvälineissä ja lukea kaikkialla ja on ollut pitkään! Mitä haluan nähdä on kansakunta yhdistämällä auttaa toisiaan; tietoväline, joka tarjoaisi opetus työkalut, julkaisun joka aiheuttaa ratkaisuja vain LRA tilastoja.

Erityisesti artikkelissa luetellut muutaman tapaustutkimuksia, joista yksi oli:

Yi Ping Lai suoritetaan online-liiketoiminta, Heart Heart lahjoja, joka myy lelut ja koristeet toimintakenttä hintaan $ $ 100 6 tytöille enintään kuusi vuotta. Viime vuonna, hänen myynti välitetty 1 miljoonaa dollaria. Hänen tulot päättyy noin 50 prosenttia alhaisempi taantumaa, tänä vuonna. Mutta hän vielä poistaa voittoa, hän sanoo. Elokuussa hän sai kirjeen hänen pankista, hänen $55,000 liiketoiminnan puiteluoton peruuttaminen. Hän sanoi, pankin tuomion rutiininomainen luottorajan tarkistus, joka oli vähentänyt hänen luotto-Pisteet.

"Kaikki nämä luottorajan tarkistus olivat oikeutettuja henkilökohtaisista syistä," Yi sanoi. "Esimerkiksi siirretään asunto- ja minun vuokranantaja juoksi minua luotto-valintaruudun. Olen yrittänyt selittää, että pankille. Mutta he sanoivat että minulla oli nyt riskialtis vaihtoehto niille." Pankin palautettu myöhemmin reunaehtoon 20 000 luotto. Mutta Yi sanoi, hän on esteenä kehittää uusi tuotelinja. "Tarvitsen että kassavirta minun liiketoiminnan,", hän sanoi. Susan Lamping, ylin yhteisön lainan hyväksyjä, San Diego, voittoa tavoittelemattomista CDC auttoi Yi $ 35 000 hengen luoton saamiseksi.

"Rahoitus on erittäin vaikea tulevat ja monet yritykset eivät voi ohjeita pankkien kautta,", hän sanoi."

Tämä on täydellinen esimerkki, tämä on, jos ratkaisu on lisätty (mutta ei ollut).

Jos luet tätä skenaariota ja maksaa Sulje ympäröivän hänen luoton vähentäminen yksityiskohtia, näet Yi Ping Lai olettaa, että tarkka ongelma ja ei, se ei ole ongelma luotonantajan puolella, se on tosiasiallisesti Yi Ping Lai tekee virheen. Yi Ping Lai on henkilökohtaisesti taataan liiketoiminnan luoton hän hakee. Tämä on tehty liiketoimintaan maailman erittäin yleinen virhe.

Olemme yrittäjien ja pienyritysten omistajat ovat sai ajan tasalla!
Saimme on pysy ajan tasalla!
Saimme on edelleen kouluttaa itseämme!

Tämä on uusi päivä ja liiketoiminnan ikä.
Mikä oli tyypillistä pöytäkirjan 5 vuotta sitten on pitkään poissa! Ja se ei ole, koska rahoitus on mennyt. Ei rahaa siellä. On juuri ole sulautuva, koska hakemus perusteiden on ollut "upped" ja vielä tärkeämpää, henkilökohtaisesti takaa mitään, joka liittyy yrityksen on on oltava menneisyyteen niin monista syistä!

# 1 Syytä ei co sekoittumaan omat varat yrityksesi kanssa:

Ei säännellä liiketoiminnan luotto, mikä tarkoittaa sitä, jos henkilökohtaisesti ovat taataan liiketoiminnan luoton lainoja, olet henkilökohtaisesti vastuussa näistä lainoista maksetaan lainsäädännöstä.

Jos ei voi kestää laskusuhdanne ja on suljettava ovet; kaikki rahan velkaa kautta luottokortit, lainojen-, toimittaja- tai kaupan luottoa, joka on henkilökohtaisesti taattu yrityksellesi on edelleen henkilökohtaisesti taattu! Merkityksestä, voit silti ole maksamaan tullivelan. Olet itse vastuussa varoista, vaikka se myönnettiin epäonnistuneiden yritysten ajan taattu.

Tässä on muutama useita syitä erottaa Omat luottolaitosten liiketoiminnan luotto:

o kasvavan liiketoiminnan luotto on ehdottomasti voit selvästi erillään liiketoiminnan luoton omat luoton. Sääntöjen ja määräysten liiketoiminnan luoton ovat äärettömän erilaisia sääntöjä ja henkilökohtainen luoton.

Oi käytettäessä yli 50 prosenttia raja henkilökohtaisen tilin, Omat luottoluokitusten hylätä. Kuitenkin voi max ulos yrityksen tilien kanssa ei ole kielteisiä vaikutuksia sen liiketoiminnan luottoluokitusten.

o tavanomaisen liiketoiminnan luoton käyttö aiheuttaa sen, että henkilökohtaiset luotto-scores pudota dramaattisesti, jos ne yhdistetään.

Yi Ping Lai ongelman ratkaisu on melko yksinkertainen, mutta silti tällaisia mysteeri useimmat yrittäjien ja yritysten omistajille; hän tarvitsee hänen liiketoiminnan profiilin erillään hänen henkilökohtainen profiili.

Liiketoiminnan luoton saamiseksi sinun on täytettävä useita vaiheita oikeassa järjestyksessä.

Paras aika vahvistaa luotto on silloin, kun et tarvitse sitä. Jos sinulla ei ole käytettävissä puiteluottojen kanssa taloudellisesti vakaa liiketoiminnan, selvittää täytyy tehdä hankkimaan rivi. Ajatella olevan puiteluoton turvaverkko yrityksellesi. Voit toivoa, tarvitset koskaan käyttää sitä. Jos nykyinen talousennusteet edelleen alas kulmakerroin ja olemme edelleen tämän erittäin epämiellyttävä taloudellisen fiasco-2010, voit hyvin voidaan kuitenkin mielellään piirtäminen rivin of luotolla saada läpi joitakin Rekku kertaa liiketoimintaasi.

Liiketoiminnan luotto on keskeinen keino yritysten arvioida riippumatta siitä, onko ne haluavat tehdä kauppaa kanssasi - ja millä ehdoilla.

Rakennuksen liiketoiminnan luotto on paljon yksinkertaista kuin rakennuksen omat luoton. Kuitenkin, jos et noudata ohjeita, jotta voit suorittaa riskiä punainen - merkitseminen liiketoimintaasi elämän, jättäen keinot kasvavan liiketoiminnan vaarantamatta omat luotto-tulokset käyttämällä omat resurssit tukemaan yritystäsi.

"Miten hän tehdä tästä?", voit pyytää.

No olen iloinen sinua erittäin tärkeä kysymys, koska vastaus on vahingollisia nykymaailmassa pienyritysten.

1. Yi Ping Lai täytyy ensin saada mukaisiksi, täyttää kaikki vaatimukset kaikki toimittajan tai lainanantaja tarkastellaan.

Oi on yli 6000 yrityksen toimittaja tai lainanantaja voi tai voi katsella ei, hyväksyntä harkitessaan.

o ajatella sitä tällä tavoin; Jos Kysy lainata $1 k, pyydän ensimmäinen asia on, mikä on nimesi, jossa elävät, mikä on puhelimen numero? Toimittajien ja lainanantajia Tee sama asia. Ne tarkastaa, onko olet todellinen liiketoiminnan, ne voivat näyttää online-tilassa, ne puhelimen 411, ja ne voidaan tarkistaa käyttöoikeudet tai liiketoiminnan käyttöoikeuden ja niin edelleen ja niin edelleen.

2. Yi Ping Lai on sitten alkaa rakentaa hänen liiketoiminnan luoton profiilin, yksi, joka on erillinen ja hänen henkilökohtainen profiili. Hän on käsiteltävä toimittajille, joka perustaa hyväksynnän ehdottomasti hänen toimintaansa ja henkilökohtaista takausta ei pyydä.

3. Sen jälkeen kun hän on mennyt läpi tämän ensimmäisen tason yrityksen rahoituksen hän on nyt kaupan viittaukset näkyvät hänen liiketoiminnan profiilin, mikä tarkoittaa sitä, hän voi sitten siirtää yritysten rahoituksen toisen tason. Tämä taso mahdollistaa hänen pääsyn toimittajan luoton korkeampi rivit.

4. Jos Yi Ping Lai noudatetaan edelleen jatkaa ja täydentää liiketoiminnan rahoitus kahden ensimmäisen tason vastaavasti, hän on yritys, joka on bankable!

Kuulostaa helposti tarpeeksi... on kuitenkin hyvin vähän yritysten omistajille, jotka todellisuudessa vievät aikaa ymmärtää ympäröivän liiketoiminnan luoton salaisuudet.

Ehkä jos me kaikki alkaa Valaiskaa omissa verkoissa sana levitetään nopeammin ja ehkä juuri ehkä voimme alkaa menestys nähdäksesi jälleen pienyritysten maailman!

Kippis!
Mylinda Montroy
Liiketoiminnan kehittäminen johtaja
Nevada valtion yrityksen verkkoon

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The entrepreneurial mindset of business success on the Web

The network refers to the practice of working with associates, colleagues, entrepreneurs yourself and other users to connect to the network's far-reaching contacts. Today, the network has become an integral part of the method of conducting business, because it can be used to reach wider audiences, and perhaps increase the customer base in the process. A very famous entrepreneur Robert Kiyosaki once said, by 6 to get rich, because they understand the value of strong networks of creation.

The entrepreneur is to understand the benefits of the network has to offer, and later the ways to create connection information in the strong and large network. In the modern business thrives to create the networking of the relocation of business activities. These references can help you turn work and flourish in the business.

Build enterprise networks in the steps of the

"It is not what you know but who knows, that the distinction between"-this is the 15th century, and adage is true, in particular, the date in the till to the business sector.

And the importance of strong and effective business networking opportunities are huge.

Berlin entrepreneurs build strong, the company may be taken to the networks, as follows:

1. participate in the Business breakfasts: Business breakfasts provide the possibility for entrepreneurs to interact and sekoittumaan. This possibility can be utilised in the best possible way, thereby creating a map in the connection information.

2. join the trade and business associations: the of Commerce and business associations, which are designed to serve a local or regional business. Many entrepreneurs and those organizations to take advantage of businesspersons to join them are offered many advantages. Because of this, they have a large Member base; This provides an opportunity to get to know other entrepreneurs in various industries and learn from their experience.

3. business card: a business card is user information in the the self-employment; It reflects the values and ideas, one of the words. It is very important to the impressive business card, which gives the right vibes; in the absence of the person's business card should have the opportunity to present to the entrepreneur and business the right picture.

4: Host seminars seminars in academic instruction, in particular, the topics in which people from different companies are involved in professional organizations in the form provided. These seminars will help participants hosted a famous speaker and also of his background. This goes a long way to start and maintain business contacts.

of 5. to participate in the seminars: may participate in the seminars is a good way to meet people with similar interests and create contacts that can help you build a professionally sound to the enterprise network.

6. Active Referral Systems: the is absolutely essential is the active referral systems. These instructions refer to the work of the entrepreneur is one of the other business owners. In this way, the owners of the other companies refer to their contacts on entrepreneur also. This will help more and more progress. The ability to produce references to other business owners to take the benefit of the most important one is a strong business network.

7. public speaking skills: , a strong business network is fairly important to maintain the can interact and communicate effectively with people. This requires that the entrepreneurial practice public speaking and communication skills in order to be able to sharpen his better interact with other people and leave the check mark in their minds.

8. buy lunch for the owners: the , one of the network connection information to keep it helps immensely to buy different business owners lunch sometimes. At lunch time, offers the opportunity to catch up with the latest business trends and market forces and establish a one-to-one basis. Packed lunches, together with des switched time to busy daily tasks, and also helps you stay up-to-date.

9. local community events: involvement on the local community events and charitable organizations to present good opportunities on the market for me and for your business. It is useful to get the behind the scenes, and their organization; help the good reputation of the public, create this, and the good image of the business owners. The owners of the other companies would also like to interact and read this image-building phase.

10. regular press releases: the press releases is a good way to recent changes and the development of business communication to the public. Press releases are also regularly on the edge and the advertising copy than a knowledgeable and reliable. "valmiimpia Thus the press releases should be submitted on a regular basis, to stay the obvious in the human mind and the awareness that allows you to connect to.

Networking advantages

Businesses with strong networks are the over the edge of the competition in several ways.

First, a strong business networks are up to date with the latest business news. This will help entrepreneurs learn business prospects before the others in the community. Grapevine is in the business of the source of the informal and news; entrepreneurs in enterprise networks, are more aware of the strong in the grapevine's passing.

-Networked Second, well observed that entrepreneurs of authority figures and leaders of other users as follows. The business idea is everything; want to work with people who have been identified as key players in the community. Thirdly, good exposure to the broader issue of network, which increases the opportunities for capital investment will be. Investors tend to prefer investing in companies that entrepreneurs are known and appreciated.

You can improve your company's network of ideas

1. sponsor a series of business in the Community awards

2. to start the business, network, and to invite special speaker for breakfast

3. interview with various business experts and interviews made available to the business website of the pod casts or mini reports

4. at the Start of the Business Forum on the website, and invite others to join the business

Successful entrepreneurs have realized the value of networking and niitetty its benefits in the form of the prosperity and success. They are not competitive network which now and then, but they are constantly involved in the process of networking and creating a strong business contacts.

Paul is a business network for Wetton in the professional and expert on venture capital to help businesses prepare for the potential investors with his unique "investment for the preparation of the" control of the Australian business owners. See Paul Wetton http://AustralianVentureCapital.comat the blog

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The company's combination of the action plans-customer success resulting from the road

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Experts say that a strong business plan is one sure step in the direction of success. So, what is a business plan in the first place? It is defined as a document that outlines the functional and financial objectives of a business. It also contains details of the budget involved and the goals to be achieved.

Everything on earth is tending to become compact. Gone are those days when a sea beach was described in a thousand words. Today, a similar description is possible with a powerful visual and a string of strong adjectives in only a few words. A mobile phone today is slightly bigger than your thumb. Similarly, a business plan is no longer a document of a hundred pages. Nobody wants to know your business. They want to know your views, your goals, your objectives and your plan of action.

How Well Can A Business Plan Be Implemented?

o Simplicity of a business plan - is it understood by one and all? Are its views and objectives clear?

o Specificity of a business plan - are the contents measurable? Are all the activities dated (initiation to completion)? Are all the actions distributed among personnel clearly?

o Real nature of a business plan - are the objectives and targets real? Are the goals set within a specified time achievable?

o Totality of a business plan - is the plan complete? Does it have all the necessary elements to outline your business goals?

A business plan has multiple uses. It can be used to start a new business enterprise, take a loan or to find good investors. There are many other reasons for which you need a business plan. You should first find out why you need a business plan.

Why Do You Need A Business Plan?

o Outline objectives and set goals to achieve them

o Prepare regular business review outlines

o Start a new business enterprise

o Decide on a value on a business for sale and legal issues

o Outline agreements between business partners

If business plans are conceived for different purposes, there must be different business plans for different kinds of ventures. Business plans are also known as growth plans, internal plans, investment plans and so on and so forth.

If your business plan is for internal study and revision, there is no need of background details of your organization because you are already aware of them. You need to add that only if your business plans are meant for banks and other institutions.

What Are The Different Types Of Business Plans?

- The most basic of business plans are the start-up plans that clearly outline the steps for a new business venture. They include details of service provided or product offered, market value of the same, implementation strategies, market and financial analysis. The basic structure consists of a summary of the company, ending with details of financial transactions and expectations for the first year.

- An operational business plan contains details of dates, deadlines and milestones. It is often referred to as an internal business plan.

- A strategic business plan aims at higher levels of target and does not deal much with dates and deadlines. This business plan is more of future and growth oriented and focuses less on facts of the company.

- A growth or expansion business plan focuses more on one or more subset of the business. There are variations of this kind of business plan. If it is meant for a new investment, it will obviously include the background of the company.

- A feasibility business plan is your entire business in bulleted form. It includes the summary, the mission and the vision of the company, the USP of the business enterprise, expected financial outcomes etc. The main purpose of this business plan is to test whether this business is worth a venture at all.

The Seven Points Of Business Plans

Business plans usually cover the following 7 points. Of course, they will vary in detail, depending on the purpose of the business plan.

- Mission Statement - your business plan must explain clearly why you want to start a particular kind of business in the first place. It doesn't have to be long, but it needs to convey the message clearly.

- Business Description - this is the place where you talk about your business. What is it that you are trying to sell or provide? What is the USP of your business?

- Goals in view - here, you describe both your short term and long term goals. Short term goals may include your plan to acquire office space, provide a proper business name, apply for a business license etc. Long term goals include answers to where you see your business ten years down the line, opening new stores etc.

- Prospective Customers - who is your target audience? Why will they need your service or product? How well do you understand their needs?

- Competition Analysis - this helps you rank your business venture in the market. Who are your competitors? If their focus area is too competitive, try for a niche market that is comparatively less competitive.

- Financial Considerations - be realistic and optimistic about your finances. Make sure to spend only that much with which you are sure to receive returns. Or else, go in for a small business loan till your business can take care of its own expenses.

- Marketing - sell your ideas before you sell your products. Advertise your products everywhere you can think of. Don't miss out on both offline and online publicity. If you get a chance, exhibit your product or service at local communities and organizations.

Do's And Don'ts Of Business Plans

Your business plan should:

a) Set concrete goals and deadlines

b) Distribute work among people and departments and set deadlines to achieve the goals

c) Maintain a steady ratio of implementation to strategy to 10:1

d) Provide a platform for regular review and discussion

Your business plan should not:

a) Display your knowledge about your field of expertise

b) Be too lengthy - people lose interest easily

Not all businessmen and women are good planners. It has often been seen that a business fails because of the lack of a good business plan. That is one of the cardinal mistakes for an entrepreneur.

Business Plan Mistakes

Experts have identified some common mistakes regarding business plans. They are:

- No business plan - many business ventures begin without any plan. Plans are written out in a rush only if the clients or banks or investors ask for the same. It is often seen as unnecessary because the business is more important. Imagine the condition of a house without a plan. You will get lost midway in heaps of concrete and steel. Similarly, you will get lost in ideas and desire to implement them.

- Cash is more important than profits - business is not the same as profits. Cash is the main player. Only if you have cash to spend in the beginning, will you get profits at the end of the day.

- Ideas don't sell - your business sells because of hard work, perseverance, cash and a lot of common sense. Your idea does not have to brand new. Old wine is better than new ones. Why? People trust age and experience.

- Fear factor - a business plan is as necessary and as routine as making a travel plan. You don't need to be Einstein to chalk out a business plan. You just need to think straight and pen your thoughts.

- Specificity wins - focus on tangible results, instead of trying to be the best. Results matter and they tell you everything.

- Fit all business plans - your business plan should work for bankers and investors as well as internal review and corrections. Don't make individual business plans for individual purposes. Rather, concentrate on your business.

- Everything cannot be important - you can have only a few priorities. 20 priorities are vague and they clearly show lack of strategy and of goals.

A business plan is the first step of starting a business. It is neither easy nor difficult. What is a business plan about? How do you implement a business plan? What do you include in a business plan? What are the 'must have's' and 'have not's' of business plans?

Whether it is travel, study, cooking or any other activity involving a process, planning is usually the first step. The same holds true for business. Business plans are probably more important than the business itself. For example, the plan for a house is more important than the house itself, though it is the house that people remember and not the plan. But the house wouldn't stand without the plan, would it?

Swati Banerjee is the owner of Writing Ink, a web content management firm based out of India, that services clients from across the globe. Please take a minute to visit http://www.writing-ink.com to experience how the bright young minds here make magic with words!

Sale of Business-12 steps to success

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Simply put, selling a business is complex. Business owners who decide to sell their business should be prepared, patient, responsible, and realistic about the process. When owners strategically plan the sale of their business, from start to finish, they put themselves in a much better position to succeed. Below are some essential steps required for successfully selling a business.

Commitment to selling

Deciding to sell a business is one of the greatest challenges that a business owner will face. When debating your company's future ownership, it is imperative that when the business owner makes a rational decision to sell, they see the plan through. It is only human nature to question if it's the right time to sell, but those owners who see their calculated decision through, will be successful in the end.

Bring in professionals

The sale of your business will require the expertise of many professionals. In order to maximize deal value, terms and closure seek out trusted advisors to protect your best interests. In most business transactions, this team would consist of an attorney, business broker, and CPA. Mixed into these roles and responsibilities is that of a business valuator. More times than not, CPA firms do not specialize in business valuations and getting the price right from the start is a must to maximize seller's value.

Selling a business is a long, arduous process full of hurdles and bumps in the road. It is at the business owner's peril if they try to go at it alone. Not only will they most likely encounter unforeseen challenges and mishaps, but their business will most likely deteriorate while they're trying to juggle all of the responsibilities involved in successfully selling a business.

Conduct a business valuation

An independent, third party business valuation is expected in today's business selling marketplace. The objective and value of a business appraisal is to set a fair asking price so that your business assets (both tangible and intangible) are fairly valued and attractive to savvy buyers. The business valuation will validate your asking price, enabling a seller to significantly reduce buyer negotiations and confidently stand by their asking price. In some cases, the professional broker will have access to a reputable business valuation firm and may be able to facilitate the process of preparing your company for a business valuation. Many brokers do offer an opinion of value, but using the expertise of a credible, business valuation firm can be one of the best decisions a business owner will make; inaccurately valuing a business (high or low) can be very damaging to a business seller.

Confidentiality, Confidentiality, Confidentiality

It is obvious that the majority of business owners do not want to hang a for sale sign on their business, alerting employees, customers, and vendors of their intentions. Maintaining discreetness during the sale of your business is a must. All parties advising you on the sale of your business should first sign a confidentiality agreement. You can prepare a simple mutual NDA or ask these professionals for their boilerplate agreements. In addition, all potential buyers will need to sign a non-disclosure agreement before any material information about the business is shared. Once the business is being listed, your broker should operate carefully as a blind business listing is meant to peak buyer interest, not to give them enough details to figure which specific business is for sale. It is at the owner's peril if they do not ensure confidentiality is maintained throughout the process; if a prospective deal goes south or if the seller changes their mind about selling, the business will be protected going forward when confidentiality has been preserved.

Get your affairs in order

When entertaining prospective buyers, they will want to closely analyze your financial statements, both past and current. It is important that all adjustments and reporting be made prior to presenting balance sheets as any material change prior to closing will have an impact on the final purchase price. In addition, larger operations with $5MM+ in annual sales should have their financial statements audited. While this is not cheap, it reassures buyers that your asking price is fair based on legitimate financial reports and studies have indicated this serves as a value driver in purchase price. Other areas you should focus on include lease agreements (if you do not own real estate), key employee contracts, key client contracts, etc. Finally, get your physical business location(s) in presentable order by cleaning, organizing and preparing for VIP visitors.

Package the business

Presenting your company's information to buyers is going to be important to ensure they are informed, educated and more importantly disclosed about the state of your business. They'll want to learn about your operation, industry, financial performance and future prospects. A confidential, presentation package is needed with most buyers. Professional business brokers should be able to extend these types of value added services in order to properly package your business for a professional presentation.

Market the business

Finding qualified buyers that meet your criteria is absolutely critical. This step requires an added layer of discretion. Take time to use the right marketing channels for your type of business, discreetly promote the business to buyers, and rigorously qualify interested parties. The more popular outlets for business listings include local/national newspapers, internet directories, direct mail and networking. Your intermediary should facilitate and execute this step so that you can do the next step. Your representative's role in this phase is to attract, identify, qualify and introduce appropriate buyers for your business.

Keep Running Your Business

While selling your business may prove distracting, it is imperative that the owner continue to run his or her operation; almost as if it wasn't for sale. While you will be making sure your ducks are in row and ready to put on its best face for potential buyers, taking care of your employees and your customers is important. It is to the owner's detriment if business sales decline, staff begins asking questions, and if the sale takes longer than anticipated. Maintain business as usual and let your business selling team run the ball to the goal line.

Entertain multiple buyers

A business seller who is entertaining several qualified buyers is in a position of strength leading up to the sale of a business. Not only will this inherently solidify the value of a business with the prospects of a bidding war, it will ensure the most appropriate buyer is found for the future health of the company. Selling a business is not just about money, it is also about a simpatico with a buyer and their intentions with the business operation. Looking out for the overall best interests of your employees, customers, and brand should be an emphasis for a responsible business owner.

Due Diligence is a two-way street

Following an Offer to Purchase or Letter of Intent, your qualified buyer is most certainly going to conduct due diligence on your business, its financials, customer lists, employee contracts, vendor relationships and other elements you claim to be in place with the sale of the business. While this is a normal process, typically lasting a couple of weeks (sometimes longer based on deal size), due diligence should not just be from the buyer.

You, the business owner, should be conducting due diligence on the potential buyer. Beyond financial buying power and purchase price, you should be interested in their background, intentions with the business and its key employees, management philosophies, maintaining culture, etc. Instruct your business broker to find out why inquiring buyers are interested in your business, ask for a resume, and dig for answers.

Close the Deal

The professional team you assemble to help execute the sale of your business, should serve as a buffer between you and potential buyers when it comes to negotiations. Common areas that are negotiated are purchase price, terms and deal structure, non-competes, owner training/support, etc. Your business broker is a conduit and should be able to effectively represent you when it comes to terms, inclusions, and exclusions. Above all else, it is critical that you not only rely on your broker, but also your attorney, when negotiating, drafting and accepting terms in the Purchase Agreement. The seller's attorney and buyer's attorney will need to actively communicate with one another to get everyone to the closing table and seal the deal.

Don't fumble the handoff

Most buyers will seek assistance from the seller in the transition of the business. The involvement and seller participation is going to significantly vary by industry and type of acquisition, but you should prepare to stay on board for a reasonable period of time. This is an essential step in the successful transfer of a business so that the company's operations, employees, customers and overall stability are protected. Just as a quarterback has to mechanically hand the ball to a running back, so does a seller hand the business off to a buyer. If this is rushed or done in a nonchalant manner, the business could stumble, take a dip and experience rough road ahead. A responsible business seller will dedicate time to work with the new owner, at no cost, typically lasting several weeks to a couple of months. Any period longer should come at the business buyer's expense and a previously agreed upon rate of compensation.

There are all types of complexities in planning and executing the sell of a business. The smart business owner will enlist the services of professionals who can help them carry out a full exit strategy which will most often lead to: securing a higher purchase price, selling to the most qualified buyer(s), ensuring the business is prepared for a handoff, and protecting the futures of existing management, employees and clients.

Contact Fair Market Valuations at 877.VALU.BIZ today to learn more about our business valuation services and to schedule an in-person, no obligation meeting with one of our professional experts.

Scott Gardner is President of http://www.FairMarketValuations.com, one of the nation?s largest networks of business valuation consultants. Scott has been working closely with business owners for more than 10 years, ensuring their sales, marketing, financial, and exit objectives are successfully executed. With more than 400 experts serving all major US markets, Fair Market Valuations delivers face-to-face business valuation to small business owners seeking a future exit from their companies. He can be reached at sgardner AT fairmarketvaluations.com or 877-VALU-BIZ for more information.

Home-based Business-why the starting Part-Time is the intelligent way to success

Different techniques in the evolution and the low cost of getting started has become much easier today to start a Home Based Business Entrepreneurs. It is estimated that the United States alone are more than 40 million Home Based Businesses. Home based companies accounted for 63% of all Small Businesses. In addition, more than 75% of these companies operate on a part-time basis.

Some of the usually attributed to the starting time for the Home Based Business reasons are; the need for additional revenues to dream, or back up the work of this secure revenue shall be carried out by the disaster. The existence of a causal link, which is more universal, is that most people love is owned and run a Home Based Business and want the thrill and excitement in the operation of the business from home full time-or part-time. For those who belong to the majority of the last group is often kloonaamaan that it needs only a little effort to operate their business from home.

If you have an idea of starting a home Based Business, it is recommended that you run it in a timely manner should be initiated, while full-time work. Several very compelling reasons for doing so with a view to the adoption of this part-time business strategy. The most important is to enumerate below.

1. regardless of the passion and determination to succeed at your Home Based Business of your company may end up in failure due to various reasons. Such an event, you can always fall back to a full-time job. We are talking about some of the fault can be disconcerting, but you must be drawn up of all in order to deal with that eventuality.

2. Start than part-time business of their own investments and financing of that time, of course, are small will minimize this risk.

3. Although the setting up of your Home Based Business, you must still determine the monthly invoices. Is a full-time job that can help you, in particular the situation of the tide part-time during the month, more than at the beginning of the business. If in the first half of the business begins to make profits, then Start on the basis of a full-time home business to build a reserve fund.

4. the Very thought to take on a regular basis, full-time job with a steady income will Enter to take the risk of a reasonable and sufficiently recent period of part-time, on the basis of the company's confidence in the household. This is not possible otherwise.

5. a full-time presence means that you will not be able to run your own survival the Pat has an excess pressure of time, in accordance with your business. You can learn business skills, in order to obtain business information at your own pace and will progressively increase.

6. By a full-time employee of the towing vehicle you can enjoy a health insurance, leave and other benefits, till you can fix yourself part-time in the company.

7. in the event of the business year during Maintenance or two; lose Those tax returns could write at the time.

8. it is much easier to obtain loans, credit card facilities and other economic benefits for your business while you're at work. Why not take advantage of this, on the basis of the company and grow your home while you are working.

9. If the purpose is, on the basis of the business entrepreneur come home one day, then use a full-time job and on the basis of the home of the Foundation shall be adopted by your company by making the necessary contacts with the business of the future could be useful and could also emerge as the customers with the users. You should, of course, to ensure that the activities do not fall within the scope of your company's Management policies, which are incompatible with the common market.

10. termination of the full-time job one day and on the basis of the company's full-time home could arise following the chaos and disaster unless you have experienced entrepreneurs with a very strong support. On the other hand, if done gradually to the Home of the profession in the transition from full-time businesses is based on the work becomes much easier.

Having said the above, it should be mentioned that some of the disadvantages of the method notifies ofcource.

Makes a full-time and part-time home can be strenuous, and on the basis of the business, you can experience burnout and this will be either to business, work, or even both.

Excessive hemmottelun part-time in the company could eventually lead to a full-time employee in accordance with the Economic Commission for Europe shall carry out, create a Boss or problems relating to the employer.

You do not have to sacrifice a lot of valuable time on the basis of the company for the family in the home for the sake of clarity.

Home success is based on the topic of the business or business does not come easily. It requires hard work, sacrifice, dedication and determination. First and foremost, must be passionate about what you are doing.

Small print, including the Giant amazon.com increased by many large companies. Start on the basis of the company's seed sowing home while you are at work, watch it idä, find after the offer carefully, be passionate about it and watch it in the light of the fruits of their own work. Enjoy the fruits of their own work, and when the time is ripe, close a full-time job. It is considered to grow and strengthen itself on the basis of a successful home business entrepreneur. This is then the Smart way to success.

Copyright 2005 Kanaga Siva.

Kanaga Siva has plenty of experience in marketing and running your own Home Based Business. Now he works for his Internet Marketing Business. It's a good idea to visit his-Free Home Based Business, articles, resources, and Start Home Based Business ideas, and other recommended application.

12 Measures-Home Business success

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So, you have decided to venture into a home business --- where you work for yourself and greatly reap the fruits of your labor. However, there are some bad news and good news that you should be aware of.

BAD NEWS: Studies show that 80-90% of home businesses fail.

GOOD NEWS: Your business can be among the 10-20% that actually succeed!

How? By following the "12 Steps To Home Business Success." And you can do that with PEP!

*P - PREPARING/PLANNING EXTENSIVELY

When you do decide to venture into a home business, the very next thing to do is prepare for it. Prepare a business plan. This will be the very foundation of your business. You can do this by following these steps:

1) Start with the basics.

What type of business would you like to get into? Would you be selling products, would you be offering services, or would you like to try both? In any case, you must decide on which particular product and/or service you would want to focus.

Have difficulty deciding? Here's a simple but sure-fire tip: Focus on what you know and enjoy.

If you have a talent in writing and editing, you can venture into an editorial services business. Are you into graphic arts? Can you design/layout brochures, business cards, newsletters, etc. using your computer? Then you can get into desktop publishing.

Do you know how Bill Gates, the richest man in the world, reached the pinnacle of success? He decided to venture into the one thing that he loved --- computers.

So, whatever type of business and whatever product or service you decide to start with, always make sure that you are familiar with it and that you have passion for it. The first will save you time, the second will keep you motivated.

When you are already decided about the type of venture you want, think of a name for your business. Make sure that it is unique, easy to remember, and professional. Of course, also make sure that it is significantly related to your business.

2) Gather your resources.

You cannot put up a business without a capital. This includes the monetary or financial capital, material capital (supplies, gadgets, etc.), and manpower. Do you think you are prepared to invest all this into your business?

3) Draw out your goals and set your mind into them.

Set general goals and specific ones. Formulate short-term goals and long-term ones. What do you aspire to achieve in one month, three months, six months, one year?

Visualize your goals. Have a vivid image of each goal in your mind. How do you see yourself a year or two from now?

Have a list of your goals on hand. Read your list regularly. Did you know that by merely doing so, you actually increase your home business success rate by 100%?

*E - ESTABLISHING YOUR BUSINESS.

This stage refers to the actual nitty-gritty of setting up your home business. This time, you are done with conceptualization and you are ready to get into action. You are now implementing the plan that you have prepared. Here are several steps that will help you establish your home business and achieve home business success:

4) Work on the legal requirements of your home business.

For your venture to be a legal business entity, you need to work on certain formalities. These include registering your business name, applying for a business permit/license, setting up a taxation system, and other paperwork. In this step, you also formulate a compensation plan for your employees.

5) Devise a marketing plan.

How do you create exposure for your products and/or services? Formulate a creative, innovative marketing plan. Consider the following factors/concerns:

>Your target market. Clearly define your target market. This will help you decide which advertising and promotion strategies would be more appropriate to draw in your prospective clients/customers.

>Your products/services. Of course, your advertising and promotion techniques will greatly depend on the type of products/services that you sell/offer. Make sure your strategies will "sell" your products/services. If you are offering graphic designing services and you give out poorly-made flyers, you will surely attract no clients at all.

>Your resources. You cannot aspire for grand and complicated advertisements if you are limited by financial constraints. You can, however, maximize whatever resources are available to you to effectively promote your product. Take advantage of the Internet. By using e-mail, blogging, forums, etc., you can spread the word about your business in a flash!

>Your uniqueness. "Same-old, same-old" will give you no gold. You can still utilize the most common advertising/promotion strategies, but give them a twist. Think of the most creative ways to catch --- and hold! --- your customers' attention. Make offers they can't resist.

6) Formulate a Daily Method of Operation (DMO).

Make sure that your Daily Method of Operation is practicable, realistic, and goal-oriented. Set specific things to be done during specific hours. Set your priorities for each day. Make sure that such tasks can really be done and that they are done for the purpose of reaching your goals.

7) Manage your time effectively.

Although you practically have time in your own hands and you are your own boss, it does not mean that you can sit back and relax all you want. In fact, you must be more cautious about spending your time because your home business success depends on you --- the time and efforts that you commit to your venture.

*P - POWERING UP.

Your home business is already established based on your plan. Can you now just relax and watch the cash flowing in? Of course not! Maintaining a successful home business entails exactly that --- "maintenance." You need to continue working for your home business success. Here are some steps to power up your home business:

8) Aim for your personal development.

How do you develop your personality and how can this help you achieve home business success? Consider the following ways:

>Be educated. Continue learning about your business, as well as about yourself. Participate in meaningful seminars and workshops. Read a lot, especially the stories of successful people. See what you can learn from any situation that you get into. Make each day a learning experience.

>Be motivated. Read inspirational stories. Listen to motivational news.

>Be sociable. Of course, you need to interact with other people; otherwise, you cannot do business with them. But besides that and more so, you need to socialize with other people and learn from them. Exchange tips with them. Learn from their mistakes and be inspired by their triumphs.

>Be an inspiration. Aim for your personal growth and inspire others. If you want to see positive changes in your home business or your financial life, you should first strive to achieve inner growth. Grow from within and develop the without as well.

9) Develop the desirable or must-have traits for home business success.

In connection with step number 8, here are other traits that you should develop for you to achieve success in your home business:

>The 3 P's - Patience, Persistence/Perseverance, Passion

>The 3 D's - Desire, Discipline, Determination

>The 3 C's - Courage, Confidence, Consistency

10) Take care of your health.

This looks too simple, but it is very important in any business endeavor and many people tend to take it for granted. How can you work on your business and attain success if your physical being is poor? Eat a balanced diet. Exercise regularly. Monitor your stress level. Stay physically fit and enjoy your home business feat!

11) Have a balanced life.

Your home business success will not be as meaningful if you do not have success in your personal life. Do not surrender all of yourself to your business. Even Bill Gates takes a week of rest and solitude every month. Have that needed rest. Spend quality time with your loved ones. You will see that as you rejuvenate yourself, you will be more productive and even more prepared to face the various challenges that your home business may pose. Take time to enjoy life, for that, indeed, is the very purpose of your financial success!

12) Have the right mindset.

Do your best and believe that you can and will succeed. Never give up. If Thomas Alva Edison quit when he failed after thousands of trials, we wouldn't be enjoying the benefits of the electric light bulb today. As the great inventor aptly put it: "Many of life's failures are done by people who did not realize how close they were to success when they gave up."

Yes, you can venture into a home business and enjoy your life. Just follow the "12 Steps To Home Business Success"!

Daegan Smith the owner of NetMLM Articles [http://www.netmlmarticles.com] and the leader of the fastest growing team of successful home business enterpernuers on the net. Find out how we're creating financial freedom all across the globe and how to get in on the action FREE =>[http://www.comlev.com]

Connect your Business Brand success

When people hear the name of the company, they are a set of "fever" virtualized impressions about the business unit upwards. This, in turn, would affect how they business thinking, and eventually buy from you. These thoughts will ultimately define your business brand and ultimately affects business performance.

Business brand lives in a potential customer in mind, which originate from the impressions they've experienced before hand, which relate to the company name, company logo, marketing manager-messages, and all the other little things that people could possibly see and hear the result of the business.

To some extend, something like a business card, address, and so on, should contribute to how alkaline business brand is currently being experienced in the past and projected out of the human mind. This whenever someone walks around the business unit and, open the online business site, fill in your own employee, or your own ad at glances that person immediately connect "is considered to be the Impression" that out of the company's advertisement.

You can enhance the too strong business brand, which carries a unique identity and business promise. But the result may be different. The company's well-known around the world, all age group and demographic groups; It can also be more influence over the narrow market segment, for which the placing on the market, the upstream effect and efficacy. Business brand infuriate competence to conclude the derived from it, what it is known, and to the extent that such activity is perceived by the visitors.

In most cases, small businesses in the form of a grant and hardly likely to affect the globally recognized "Power Brand" that is quite limited resources to achieve. "Power Business Brand", the most likely to have marketing super charge up the power to produce a level of awareness, he should have received this can very much dries up to scare resources.

Is carried out in such a way that the end of the business venture? Nope, you can refine your own niche on the Internet today, the people by focusing on their own niche in the market. Be the most effective brand of their own favorite targeted niche markets. All it takes is:-

o strategic Business Brand that you want to project out.

o Put the commitment and comply with discipline, projecting a business brand.

o spend carefully to what is necessary in order to get the business message to niche markets.

o management of marketing activities performance. It received, so far as they relate to the performance of the impression that other plants, bulbs, roots and the desired business brand targeted views be taken into account.

Correspond to build a business brand

When the Trade Act in a manner consistent with the company's communications and create one of the most effective impression concerning the identity of the business entity, he or she can connect the strong brand. So, stay consistent with the objective of the trade in the company:-

1. the project consistent with the business unit's Outlook.

2. the project a consistent level of services that can help you retain existing customers.

3. the project a consistent marketing message.

4. the project a consistent level of quality of the product.

Stick closely with brand business for the long period of time. Do not change the brand image and strategy of the business unless you are very sure of strongly that it is no longer effective or appropriate targeted market. Also, if you do not want to change the company's unit in the image, then should be changed too business ready! Because there is a brand of the company spokesman is actually a public entity.

Brand actually helps you sell easier and better too
Good business brand management business is unlikely to need to introduce yourself. Targeted niche-market people know already the company, its status and service promise you make customers--all of what they have seen and heard about you through placing on the market on the basis of the communication.

Today, people buy almost all of the network, flowers, gifts, cars ... etc without the need for a new or try the demos. Why is this? Because the client already has the necessary confidence instilled business brand. If they feel the brand will not be able to see, the confirmation email will contain the coefficients is unlikely to happen. But if they see they know and like, brand, then they move to check the price, they finally Purchase options, and make sure the payment business.

Without a brand you can create an image of your company before each sale. So, who is extremely tough and, in particular, when you are doing online business, if you are unable to even exist, the introduction of yourself, with a view to combating resistance to instill confidence in, the, let alone, if you need to distinguish among all possible obstacles to the customers.

Get Your Business listed in the Biz Network Directory business leads. The network consists of Web resources search and Leads state-of-the-art are also business environments.

Unsecured Business loans, Business in the world to get Success

The word "success" is defined differently for different people. Success means money for some, while others may be in the form of a name and fame factor. Entrepreneur success would mean maximization of profits and gaining recognition. The entrepreneur must be creative and certain; must have passion, image and the achievement of the objectives established for the implementation of the operation. These features can be, but you have the necessary capital necessary to start or expand your business. If this is not the case, then, unsecured loans as a source of significant funding works for you.

Unsecured business loans do not need to set up a security against the loan, the borrower. Unsecured business loan is an ideal source for tenants who are not in the name of the property against the loan funds. Individuals who do not want to compromise their property also use unsecured business loan.

Business is filled with uncertainty; You earn huge profits for the year or heavy losses, the second month. In this case, the restore is uncertain, unsecured business loan is the best option. Unsecured business loan may be bought in fixed assets, which include the creation of a huge investment in new or existing business expansion. Unsecured business loan may also be the company's working capital requirements.

The amount that borrowers lend unsecured business loan with depends on their credit history and they choose to borrow from the lender. As a general rule, the loan providers offer unsecured business loan in the region, £ 30 000 £ learning actions.

Unsecured business loan, you are not severely affected by the verifying security value as it carries out one of a long process. Thus, it allows the money sooner than compared to secure a loan to the business.

Unsecured business loans are offered to the amount of the benefit is high, such as the loan is secured by collateral not. Lenders lending by charging high interest rate, try to risk.

If you start a new business, you need a little more effort than the company's financial statements, which may cause as a proof of your capacity to repay the loan, you do not need to make. You need to design a business plan to demonstrate that there is no risk involved in lending money to you and you can be paying monthly payment of the loan in full and on time. Well organized the business plan will make it easier for you to borrow money lenders.

Entrepreneurs, who are running as well as established businesses and assets of the business need for the extension of the lend unsecured loans. Entrepreneurs will pursue the detailed examination for the property, or for which the loan is borrowed equipment.

Credit is an important factor to keep the lending activities of the unsecured loans providers at the same time, the loan business. A higher credit Score, the higher will be able to obtain loans for a large number of quickly and that the comparative low interest rate level, too. Borrower to get his credit Score will be assessed on any external credit assessment institutions (ECAIs) Experian, Equifax and TransUnion. The people of the FICO Credit Score is known as the score. It gives a complete picture of the person in charge of history, the history of his credit exposures secured by mortgages on residential property types of credit used for length and the new credit. FICO Score 650 and above shall be deemed to be a good Score.

Unsecured business loan may cover loans of banks or financial institutions. But if you're looking for a quick and hassle-free loan, you can borrow it from the Internet creditors. The Internet, you can use the Internet, the number of creditors. It is very easy to get online unsecured business loan; borrower is a simple online application form to be filled out by using some of your personal information, such as your name, the amount of the loan and the loan period for which you need. Loan quotes are offered free of charge or at a nominal payments were most lenders. Loan offers from several lenders to collect and compare to find the best unsecured business loan.

Term management of the business to be successful, the proper planning, organizing, and coordinating the work of the working group to different tasks within the organization. Sufficiently well defined in the capital of a commercial strategy gives birth big business tycoons.

Michael t. Brian is the author of this article. He has a Masters in business Administration and finance expert. He writes data to the various finance related topics. Search for a business loan, bad credit, small business loan, loans UK, Business unsecured loans starting a business

the following http://www.find-business-loans.co.uk

Is your business hidden shortcomings preventing user's successful?

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Ah, the joys of self employment...Good pay, flexible hours, excellent benefits, a wise and business savvy boss...And profitability, lots of profitability! If you're self employed, chances are your own company is missing some of the features that you might consider to be ideal. It's a good thing being a business owner can have other benefits that are not as quantifiable. Things like satisfaction, loving what you do, not dancing to someone else's tune and charting your own course. But no matter how satisfying self employment is, the truth of the matter is this. If your business is to be sustainable, it has to sustain you financially in a way that makes you feel all the trials and tribulations of business ownership are worth the trip.

For one of my consulting clients, that trip has gradually become less and less sustainable and sustaining. They grew tired of the constant battle, the struggle to create enough cash flow to make payroll every week, and the toll the lack of cash was taking on their own lives. They made the difficult decision to sell their business and go back to work for someone else. In the end, the business did not work in one very important way. Their personal financial needs were not being met. For them, that was an insurmountable challenge.

When I speak of my clients' difficulties involving the constant struggle to make payroll and have enough left over to pay themselves, you may think the underlying problem is cash flow. But poor cash flow is only a symptom. The underlying problem is generally a business model that is not well thought out or well executed.

Before you get hung up on the phrase "business model", let me tell you what it means in real world small business terms. Your business model is basically what you do and how you get paid to do it. For an example, let's look at eBay. eBay's basic model is that it makes money by serving as a go between bringing buyers and sellers together. In exchange for providing the meeting ground and facilitating the sale, eBay receives fees. It isn't a complicated business model at its core, the difficulty is in executing the model in a way that satisfies customers and makes a profit for eBay at the same time. If the customers are unhappy, the model fails. If eBay can't operate at a profit, the model fails.

The second half of that equation is where my clients ran into problems. They provide a valuable service to a growing market but providing the service carries a high payroll and a high rate of liability and workers compensation insurances. For every dollar in sales, they pay out about 65 cents in payroll and insurance. That leaves 35 cents of every dollar for rent, utilities, telephone, marketing, advertising, etc. Trying to wring out enough money for the owners to get paid a living wage was usually impossible.

The owners were able to keep their heads firmly buried in the sand for only so long. We sat down one day and had a very in depth conversation about what the business could potentially produce for income for the owners in the short and long term. We weighed all the benefits, the costs, and the risks. The bottom line was that the business could not realistically support the owners in a way that would allow them to support their families in even a modest way.

Normally, this type of a hard look at a business reveals any number of opportunities for improving the business. In this case, it simply was not possible to make the changes necessary to make things work better for all involved. Let's explore why...

My client's were first time business owners. They are both professionals with years of experience in their own fields who both found themselves laid off by their respective companies. They knew each other through church and had been friends for some time. Working with agencies set in place to help them find new work, they were introduced to a program set up to help displaced workers start their own businesses. The program provided advice, resources, and structure for new business owners.

The friends decided to explore opening a business as partners. They began exploring different businesses and were drawn to franchising because of the remarkably high percentage of success for franchise outfits. Their interest in franchises led them to investigate a local operation that was selling franchises. The franchiser was new to the franchising business and had sold only one franchise to an employee so the model was largely untested.

The franchiser led the partners to believe that all was rosy with the original business that spawned the franchising. Although the potential business owners didn't know it at the time, this was not the case. The original business and the first franchise were actually operating at a deficit and were being propped up by continued investments of personal funds by the owners. The original owner was far more interested in selling franchises than in giving a realistic view of expected results. The business model had some flaws that made it difficult to do well in this business even though the service was a very valuable one to the target market.

Flaw #1--Slim Margins make Slim Pickin's.

As I mentioned before, every dollar in sales cost 65 cents in payroll and insurances. An additional 3-7% (depending on the price structure they chose in buying the franchise) went for royalties. Once you subtract out rent, utilities, office supplies, and so forth, there was little if any left over for advertising and marketing. And the owners were left without a paycheck most weeks.

Flaw #2--Built in Cash Flow Issues.

Employees were paid every two weeks for work performed. Customers were billed every two weeks for services already rendered. So the cash leaves the bank account before it is received. Naturally the customers often took 30 days to pay so the cash flow for every transaction ran as much as six weeks behind the expenditure for payroll for the work performed.

Flaw #3--Pricing Inflexibility.

Franchisees could not lower or increase their pricing based on the market they were serving. In the State of Maine, where this business is headquartered (and this is true of most areas of our country), there is a wide disparity of resources. The southern part of the state has higher income levels than the northern part of the state. The seacoast tends to have higher income levels than the western mountains. Depending on where your franchise is located you could find yourself priced out of the market.

Flaw #4--No Name Recognition.

When you think fast food, you think McDonald's. When you think McDonald's you picture the golden arches. You have an expectation of what you will get--the restaurant will look a certain way, the food will be universally awful. You know exactly what to expect. The same is true of every other successful franchise--Dunkin' Donuts, Olive Garden, Hardee's, H&R Block, etc. With the business my clients entered, there were no strongly defined franchises so the expectation had not yet been created. This means they had to explain what the business was all about. It wasn't a case of being able to say, "I own an H&R Block franchise" and everyone knows what you are talking about. This makes it an uphill battle.

Flaw #5--No Strong Marketing Program to Build Name Recognition.

Part of the responsibility of the franchiser organization is to do the legwork to build name recognition. The franchiser did some local advertising through events and radio advertisements which was a good start. I have to say, though, that if I am going to consider buying a franchise I want to see some serious commitment to building name recognition before I sign on the dotted line. When you mention the name of the franchise, I want to be able to immediately know exactly what you are talking about. That kind of familiarity takes a very concerted, and usually expensive, effort on the part of the franchiser.

Flaw #6--Where Are My Step by Step Business Building Techniques?

The glory of a franchise is that for any task or challenge I can simply flip open the operations manual and see step by step exactly what to do. With this franchise, the most important piece was missing...How do I build the business? What specific steps do I take to create buzz before the grand opening? What steps do I take to attract the attention of my target market? How do I get the business to a point where I can make a living?

In addressing these issues with the franchiser, it became increasingly apparent to my clients that their grand dream of making minimum wage for themselves was far off in the distant (and very uncertain) future, hence their decision to sell.

Regardless of whether your business is a franchise or a stand alone entity, hidden flaws in your business model can create any number of obstacles and pitfalls for your business. A carefully thought out and well executed business model is a critical success factor for every business large or small. By rooting out the flaws in your business model, you increase your odds for building a business that is both sustainable and sustaining.

Caroline Jordan, MBA, is a veteran small business owner, accountant, consultant, trainer, and author. She is the owner of The Jordan Result, a company specializing in developing real world, practical resources to help small business owners improve cash flow and business operations. She is the author of “Stop the Cash Flow Roller Coaster, I Want to Get Off!” Jordan is also an accounting and business professor. For more tips and articles to help your business succeed visit [http://www.CashFlowRollerCoaster.com] and [http://www.TheJordanResult.com].

All online Home success probability Based Business opportunity

There are about three big opportunities per lifetime. Like baseball, if you miss all three, you are out. Do you remember the last online homebased business opportunity you missed? Did you miss Microsoft? Did you miss Yahoo? Did you miss Google?

Couda, shouda, wouda

Why did you miss out? Was it lack of knowledge? Was it indecision? If it was lack of knowledge, you can forgive yourself. You can not know what you do not know. There was nothing you could do about it. If it was indecision, there was something you could have done.

Oportunity is the fruit of Convergence. Peter Drucker defines opportunity this way:

"Opportunity in the market place is because of a process of convergence of forces that were previously not together."

The idea of forces coming together, converging, is stronger than the business itself. The essential forces Peter Drucker did not individually identify as converging will be enumerated and discussed in this article.

There are five essential forces that must be present for any successful online homebased business opportunity. This article will describe these five essential forces that must be in place for any online homebased business opportunity to be successful. These five essential forces apply to any online homebased business opportunity. They are universal, abstract, and independent of business type. They apply from academia to zymology.

A simple analytical method to evaluate these essential elements and arrive at a numerical figure of merit will be presented. The method is strong, impersonal, and reliable. You will arrive at a numerical rating for the relative strength for the Probability of Success (S) for any online homebased business opportunity you care to evaluate. Reducing the evaluation to a number between zero and 100 gives you a powerful, impartial method to evaluate or compare any online homebased business opportunity. This will remove emotion from the decision process.

Convergence of these five essential ingredients is absolutely essential for success. All five forces must be present simultaneously. In other words, they must all converge at the same point in time for the same business venture. They must all be in the right place at the right time to create a successful online homebased business opportunity.

These forces are the essence of all businesses, regardless of product. They are like the spokes in a wagon wheel. If one spoke is missing, the wheel breaks down. Each factor dramatically affects the success of any online homebased business opportunity.

Without the convergence of these five forces there is no online homebased business opportunity. If there is no convergence, there is nothing you can do to make the business a success. No amount of hard work and no amount of money will yield success.

Opportunity presents itself only when all these forces are in simultaneous alignment. One force is not considered more important than the others. The order in which they are presented is no indication of their relative values. They will be discussed in random order.

This method is not buried in concrete. Feel free to make your own assessments of relative importance. When you finally establish a value, stick with it. Be consistent so comparisons can be made between one online homebased business opportunity and another. For example, if you decide leadership has a maximum value of 2 or 5, stick with it on any online homebased business opportunity you wish to evaluate.

It will be convenient if the sum of the maximum values allowed always equals 100. In this case, Leadership has been arbitrarily assigned a maximum value of 2. All you need to do is decide if the leadership of your proposed online homebased business opportunity deserves a zero, 1, or 2.

1. Company (C ) (Maximum = 20)

Company Management (Maximum = 10)

Leadership (2)

Confidence or trust (2)

Experience (2)

Honesty (2)

Influence (2)

Company Financial Stability (Maximum = 10)

Assets (2)

Cash (2)

Credit Rating (2)

Visibility (2)

Technology (2)

Many start-up online homebased business opportunities do not have the financial assets to sustain their own growth. A viable online homebased business opportunity must have very deep pockets or be owned by a company with very deep pockets, preferably a parent company that has already gone through the growth cycle and has the funds to support the new growth.

2. ProDucts (D) (Maximum = 20)

Leading Edge Product Technology (Maximum = 5)

R&D

Proprietary (No other place to get it)

Competitive

Product Quality (Maximum = 5)

Quality, like Reliability, must be built into the design and process. It cannot be "tested" or "worked" into the products.

Product Fills a Recognizable Need (Maximum = 5)

There should be a clear need for your product or service. If there is no need, there is no demand, and there is no opportunity. There may be very little demand for 78 rpm vinyl records.

Consumable (Maximum = 5)

If the product is not consumable, there is no additional market after the initial sales and there is no opportunity.

Trends (R) (Maximum = 20)

Demographic Trends (Maximum = 10)

As individuals, we can not create a demographic trend. We can only recognize it and take advantage of it. The "Baby Boomers" are the largest market in history. Starting immediately after WWII, 76 million babies were born during the period between1945 to 1964. When the first of these babies were born, a powerful demand for baby products materialized. Companies like Johnson & Johnson and Gerber's made huge profits. As these babies started shaving, Gillette started making huge profits. As they learned to drive, the Ford Mustang was in demand. As these babies began to have babies, the Mini-Van became desirable. If your online homebased business opportunity is positioned in front of the Baby Boomers, assign Demographic Trends a maximum value.

Economic Trends (Maximum = 10)

Individuals do not create an economic trend. Individuals have no control over economic trends; however certain businesses are sensitive to economic trends. Real estate is sensitive to interest rates. In times of economic downtrends a low number would be assigned. Cosmetics, on the other hand, are virtually immune to economic downtrends and would be assigned a high number. People will give up eating to look good and feel good. If your online homebased business opportunity is immune to economic trends assign a high number.

Timing (T) (Maximum = 20)

You have no doubt heard the expression that in real estate the three most important factors are Location, Location, and Location. In an online homebased business opportunity, the mantra is Timing, Timing, and Timing.

If one force is more important than the others, perhaps timing is the most important element of success. Timing, like trends, is also beyond your control. Like trends, you can only recognize timing and take advantage of it. There is nothing you can do to improve timing. It is either there or it is not. If timing is present assign a high number based upon the following criteria.

A. Formulation Phase: (Maximum = 20)

This is the phase where research and development are just completed. Production and initial marketing efforts begin. This region is characterized by slow, deliberate growth. As an agricultural example, this is the time for planting. It is defined as the region of the growth curve where income from sales is less than $50 million per year.

This is the time to get into any business. It requires forethought and knowledge. It does not require speculation. It requires due diligence on your part to study the online homebased business opportunity and arrive at your estimate of the strength of the five essential force ingredients of a successful online business venture. If you identify that your online homebased business opportunity is in the formulation phase, assign timing a value of 20.

B. Critical Mass Point

he critical mass point is defined as sales of $50 million per year. This is the point which will determine " When". This is the point when your labors will begin to yield fruit at such a great rate you will be unable to contain them. From this point onward, the curve rises ever so steeply. This is the time to act quickly and decisively. If you are not on board at this time, your online homebased business opportunity will quickly leave you behind. If you identify that your online homebased business opportunity is at the critical point, assign timing a value of 20.

C. Momentum

Momentum is defined as sales greater than $50 million per year and increasing very rapidly. If you have exercised your desire, ability, and motivation, you have already become a participant before your online homebased business opportunity reaches momentum. You have exercised your choice and are now in position to enjoy the fruits of your labor. There is nothing you can do to stop the momentum which is now building beneath you. It is beyond your control. It is like a giant wave that carries you to the pinnacle of success. There may be some who grab onto an online homebased business opportunity as it speeds by them, but the exponential growth eventually decays exponentially as the wave crest rises higher and higher until the opportunity diminishes. For example, you could buy Microsoft stock now, but the big opportunity is already over and it will never come back again. If you find your online homebased business opportunity is just starting into momentum, assign timing a value closer to 20. If you find your online homebased business opportunity near the top of the curve, near stabilization (defined below), assign timing a number closer to one.

D. Stabilization

This is the area where the exponential growth has died out. Momentum has dissipated. Sales are good, but sales are not increasing exponentially. The business is mature, stable, and secure. The curve is relatively flat, and growth has slowed to a value similar to the development phase. The online homebased business opportunity has gone. It is passed. It is over. There is no online homebased business opportunity. If you find that your online homebased business opportunity is in stabilization, assign timing a value near zero and start looking for another online homebased business opportunity.

Compensation (K) (Maximum = 20)

Leverage (Maximum = 10)

If you trade time for money, you will never get ahead by investing one increment of your time for one increment of income. You will remain in the very treadmill you are trying to escape. You will get by, but you will never get ahead. If you want to get ahead, you must find a way to multiply your efforts. That is done by leveraging yourself. J. Paul Getty stated this clearly when he said:

"I had rather have one percent of a hundred people's efforts than 100% of my own efforts".

If you have no way to leverage yourself (e.g. fixed salary) assign leverage a number near zero. If you can leverage yourself, assign a number closer to 10.

Multiple ways to earn income (Maximum = 10)

Sales Profits (1)

When you can profit from your own sales efforts, assign a value of 1, otherwise zero.

Override (1)

If you receive override compensation on the efforts of others, assign a value of 1, otherwise zero.

Matching (5)

If you can receive matching compensation on the efforts of others, assign a full value of 5.

Residual (2)

If you can build your equity to the point that you have residual compensation from your previous efforts, assign a value of 2.

Perpetuity (1)

If your equity is yours to sell or will to your survivors, assign a value of 1, otherwise zero.

Define the Possibility for Success (P) as being totally dependent upon the sum of the five prime forces required for a successful business (above). Notice that it has nothing to do with you. The only thing you will do is evaluate each ingredient and assign it a strength value. This will depend upon the research you conduct to gain information about the five essentials for the particular online homebased business opportunity. Assign each one of the five ingredients a value from zero to 20 according to the instructions presented above. (Naturally, 20 is the ideal, strongest value.) You have determined all the values for C, D, R, T, and K.
Repeating, you have evaluated each force ingredient separately and arrived at your evaluation of its relative strength.

Add up all five of your separate evaluations.

P = C + D + R + T + K

For example, if all five ingredients are present in your online homebased business opportunity and each is individually evaluated as being 20, then:

P = 20 + 20 + 20 + 20 + 20

P = 100

Let us further define a Multiplier (M), as a figure of merit derived from your desire, motivation, and ability to succeed. Let M be limited to a number between zero and one with zero being the worst case and one being the best case. Note that this multiplier is entirely dependent upon you, not the online homebased business opportunity. Determine this multiplier number by self-evaluating your desire, ability, and motivation. Notice that the multiplier number does not depend on your time. Too many people say "I don't have the time." That means you are "too busy chopping wood to stop and sharpen the axe". Successful people do not have time---they make time. Ideally, you want to rate yourself as a "1", not a zero. But unto thine ownself be true.

Define Success (S) as:

S = M(P)

If you are a "one" and not a "zero", and all five ingredients of your online homebased business opportunity are present at their full value, there is no gamble since:

S = 1(100)

S = 100

Having completed your "due diligence", failure is no longer an option or possibility. The probability for success is 100 percent. Your success is assured. It is no longer a question of "If". It is simply a question of "When".

Get on board this online homebased business opportunity fast

Use this procedure one each online homebased business opportunity that you wish to evaluate and compare.

 

Business loans: Translating potential economic success and independence.

A good entrepreneur knows that basically striking gold business find an opportunity, and then switch to the risks. These opportunities will continue to pay great attention to shoots you do business. Or you can have stumbled on one and consider its. economic situation may help you to translate your potential financial success and independence. Business loans can facilitate this translation.

Sponsorship is a key element in the new company or do business to grow. The company's business loans, financing can be a demanding task. But a good preparation easy to sort out how to get your business loans vaikutusmekanismeista approved to process. Loan business is an important decision. Business loans the borrower must be understood that, while taking loans to business growth, wrong decision means debt and in fact affect the stability of the company.Specify how much you need business loans than the amount of the loan product support of different loans is deciding.

Well thought out business plan is the most important part of getting the loans that have been approved.The business plan should be the projection of the data do not go., a brief summary of the responses in executive business loans to all queries, may be easily approved. If you have an incumbent companies-annual accounts of the money flow for the past three years is required.

When would you like to stay at
The application will be reviewed in the light of Business loans, some of the following issues may be one or the other version.

o how much need of a loan?

o what information business profits, it is enough cash flow to service the debt?

o is there to cover the loan?

o is there a reasonable balance between liabilities and equity?

Business loans the lender would pay much attention to the possibility of repayment. She wants to know if the companies have invested capital He would be very interested in., taking the risk of the joint undertaking, if the business owner does not exist.

Business loans it is important to know the history of the credit. Business loans, the lender will undoubtedly credit history through the history of the credit. go through and resolve bugs and recently the credit discrepancies. If inconsistencies, get them to be deleted.Would be likely to result in a credit history, which is called into question, were received from business loans.If you attach a letter explaining the credit action can arouse a positive response. hide blemishes is the worst mistake.This certainly be refused otherwise encourages business loans.

Few realize it, but good business loans to find a lender search is integral to business loans.Is not easy to find business loans the lender that will suit your needs. Indeed, it is an investment in yourself.Search business loans lender who wants to be with you and for you.

Business loans also depend on their character and may or may not be able to be furnished to the Office of the information of the company itself, and that confidence.They are also obtain loans in your company.If the application was rejected-business loans, make sure you know the reason why this has occurred.This allows you to correct the errors the next time you connect to try to get business loans.

Security is the essential ingredient of business loans Secured business loans. subject to the lodging and greatly increase the business loans Business loans without application. is unsecured business loans. they must as a general rule be difficult to find an unsecured business loans, but only with small financing needs.

Business loans are the most Business financing needs. loans may be used to expand the business, refinancing, export credit insurance, for your business, a subsequent purchase or other commercial investment inadequate operating assets are one of the leading reason for business failure.

After the loan borrowing itself through the ordeal of Natasha Anderson understands the need for good quality loan advice from our partner to provide her articles in the wise counsel of the most elementary to the benefit of readers in a way He hopes that this will help them Find the loan that their expectations beseems. He is a Web site secured loan uk finance world. find protected or To unsecured UK loan that best suits your needs

Home Business success-21 steps

Fifty million home-based businesses will be in operation by 1997, according to Link Resource's National Work-at Home Survey. All around the country, people who want more control over their lives are starting home businesses In New Orleans, Rick Hart's home based cajun Cargo ships seafood nation wide. In Palatine, Illinois, Stephaine Heavey works from home designing and selling original patterns for fabric dolls. And in Dallas, Lisa McElya published the Dallas Party & Event Planners Guidebook from the entire first floor of her two-story home. These three people are living the new American dream of owning a business, but avoiding the high overhead and start-up costs of a commercial location. If the idea of working from home is appealing, but you don't know where to begin, here is a step-by-step guide. STEP #1 DECIDE WHAT PART OF THE HOUSE TO USE Select an area away from family activity. The perfect space is a separate room (or perhaps the garage), but any area will do, if it can hold all the business supplies and equipment, and also provide enough work space for desks, tables, or counters. STEP #2 DETERMINE HOW MUCH TIME YOU CAN SPEND ON THE BUSINESS Many people start a home business on a part-time basis while raising children or working outside the home. Others start full-time when family and finances allow. However you begin, figure out how may hours per week you can devote to the business Make a weekly chart of your activities, examine it, and determine where the business fits. Don't assume you have time and find out later you don't. STEP #3 DECIDE ON THE TYPE OF BUSINESS Make a list of things you like to do, your work and volunteer experience, and items you own that can be used in a business. Look over this line-up, and using ideas from it, list possible businesses to start. Eliminate any business that isn't appealing or doesn't fill a need people have. For ideas on different types of businesses, consult the end of this article. Other ideas can be found in the source material listed at the end of this article. STEP #4 CHOOSE A LEGAL FORM The three basic legal forms are sole proprietorship, partnership, and corporation. The most common is the sole proprietorship. As its name implies, a sole proprietorship is owned by one individual. It is the oldest form of business, the easiest to start, and the least complicated to dissolve. Here are some of the advantages of this business form: 1. You own all the profits

2. Your business is easy and cheap to organize. You don't need any government approval, although you may be required to carry a city, state or county license. Your only other obligation is to notify the Internal revenue Service (IRS) for the purposes of sales tax.

3. You're the boss

4. You enjoy certain tax savings. You must pay regular individual taxes on your income, property, and payroll, but these are not levied as special taxes, as with a corporation. You will also have to pay sales tax which you have received from your customers.

5. Greater personal incentive and satisfaction. Since you have your investment to lose if your business is not successful, you should be more willing to put time, thought, and energy into the business. And when your business is successful, you enjoy maximum sense of accomplishment since you know its success was dependent upon your decisions about your management ability alone. For more information about this and other forms of business, send for the U.S. Small Business Administration (SBA) Publication MP25. Selecting the Legal Structure for Your BUsiness (50 cents). It outlines the advantages and disadvantages of each legal type of structure. If after reading it you are still uncertain what form of the business should take, consult an attorney. STEP #5 DETERMINE WHERE THE MONEY WILL COME FROM There are three ways to finance start-up costs: use your own money, obtain a loan, or find investors. If possible, it is better to start small, use your savings, and not worry about repaying a debt. also keep in mind that since you are a home-based, chances of qualifying for a loan or finding investors are slim until the success of your idea is proven. STEP #6 GATHER INFORMATION Spend a few weeks researching home-based businesses. A library or bookstore can provide numerous books on business basics, and on the specific type of business that interest you. Homemade Money by Barbara Brabee (see sources) is an excellent book to start with. If you are considering a computer business, get in touch with the association of Electronics; Cottagers, P.O. Box 1738, Davis, CA 95617-1738. To keep informed of what is happening in home business world, contact National Home Business report, P.O. Box 2137, Naperville, IL 60566, for subscription information; and Mothers Home Business Network, P.O. Box 423, East Meadow, NY 11554 (send SASE for free information). STEP #7 CHECK ON ZONING RESTRICTIONS Find out how your property is zoned, the call City Hall and ask what regulations apply to home businesses in that zone. Also, if you rent or live in a condominium, check the lease or homeowner's association rules to be certain a home business is allowed. Generally, if you do not annoy your neighbors with excess noise, odors, and traffic, you will not be deterred from running a business at home. The neighbors may not even be aware of the business, but it is necessary to know exactly what you can and can't do before you start. This is important should any problems or questions arise later. STEP #8 PICK A BUSINESS NAME AND REGISTER IT If the business you choose is different form your name, file an assumed (or fictitious) name certificate with the county. You are notified if another business already has that name, so you can select a new one. Do this before investing in expensive stationery and brochures. It costs only a few dollars to file, and it protects the business name from being used by someone else in the county. STEP #9 WRITE A BUSINESS PLAN A good business plan clarifies your ideas and establishes a plan of action. A good business plan should include a description of what you are selling, your background and qualifications, who the prospective customers are and where they can be found, what is needed to build the business, how you plan to promote, and how much money is need for start-up costs. SBA Publication #M925, The Business Plan for Home-Based Business ($1) is helpful. STEP #10 GET AN IDENTIFYING NUMBER If you are the sole proprietor of the business and have no employees, you may either use your Social Security number or an Employee Identification Number (EIN) as the business number on official forms. If you have employees, or the business is set up as a partnership or corporation, you must obtain an EIN. To do this, complete IRS Form SS-4 (Application for Employer Identification Number) and file it with the nearest IRS Center. STEP #11 OBTAIN A SALES TAX PERMIT If the product or service you sell is taxable, you need a state sales tax permit. Call the local tax agency, explain the type of business you have and what you sell, and ask if you need to collect sales tax. If you do, they will send you the necessary information and forms to complete. You also use this tax number when your purchase items for resale. STEP #12 OBTAIN LICENSES & PERMITS It's very important not to overlook any necessary license or permit. For example, some cities and counties require a general business license, and most have special laws regarding the preparation and sale of food. Call City Hall to find out what is need for your particular business. In addition, Chamber of Commerce provide information on city, county and state licenses and permits. STEP #13 SELECT BUSINESS CARDS, STATIONERY, BROCHURES Spend time on the color, design and paper for these items. They make a definite impression-good or bad- on the people who receive them. If you are not certain what is most suitable and effective, consult a graphics designer or a creative printer whose work you like. STEP #14 OPEN A BUSINESS CHECKING ACCOUNT Call several banks to find out what services they offer, and what minimum balance, if any, must be maintained to avoid paying a service charge. Also ask about credit card if you plan to offer this convenience to your customers. Bank fees can be significant, so shop around for the best deal. If your personal checking account is with a credit union, see if it can also provide a separate business account. when you open your account, you may need to show the assumed name certificate and business license. Finally, investigate obtaining a credit card in the business's name. If this is not possible, set aside a personal credit card to use for business expenses. STEP #15 SET UP RECORD-KEEPING SYSTEMS Put together a simple and effective bookkeeping system with an 8 1/2 x 11" three-ring binder, columnar pad sheets and twelve pocket dividers from the office supply store. For each month, set up columnar sheets for income and expenses. Use a pocket divider for each month's receipts, bank statement, deposit tickets, and canceled checks. In addition, an automobile log for business mileage, and filing system for correspondence, invoices, supplier catalogs, client records, etc. are two other useful tools. For more information on record-keeping, see IRS publication #583, Information for Business taxpayers. STEP #16 CHECK IRS REQUIREMENTS If you comply with basic IRS guidelines, you can deduct a percentage of normal household expenses (mortgage, interest, taxes, insurance, utilities, repairs, etc.) as a business expense. see the box accompanying this article and, for more detailed information, IRS publication #587, Business Use of the Home. Also become familiar with these IRS forms: Schedule SE (compensation of Social Security Self-Employment Tax) and Schedule 1040 ES (estimated Tax for Individuals). Depending on circumstances, you may have to file them. STEP #17 OUTFIT THE BUSINESS Make a list of everything needed to start the business, but before you buy anything, look around the house for things you already own that are usable. When you are ready to start purchasing, check the classified ads and garage sales. Both are good, inexpensive sources for office furniture, typewriters, computers, answering machines, etc. But only what is absolutely necessary for start-up, and wait until the business is off the ground to get the extras. STEP #18 DECIDE ON TELEPHONE REQUIREMENTS Call the telephone company to find out the cost of a business phone in your area. If you cannot afford a separate business line, investigate the telephone company's regulations on using your personal phone in a business. It may be possible to do this if you follow certain guidelines. Keep a record of long distance business calls as they are a deductible expense. Finally, consider the benefits of an answering machine to catch calls when you are out. STEP #19 CHECK OUT THE POST OFFICE & UPS Using a post office box as the business address down plays the fact you are home-based. It also prevents customers from dropping in at all hours. While looking into box rental, ask for information on the various postal rates, particularly bulk rate, if you plan to do large or specialized mailings. If you mail many packages, check out United Parcel Service (UPS), as it is less expensive than the Post Office. STEP #20 PURCHASE THE NECESSARY INSURANCE Check with your homeowners insurance agent about a rider for your existing policy or the need for a separate business policy. Also make sure you have adequate personal and product liability coverage. Shop around, as each company has different rules regarding home businesses To save money on medical insurance, join an association and participate in their group plan. One such body is The National association for the Self-Employed: they can be reached at 800-527-5504. STEP #21 ORGANIZE THE HOUSE & YOURSELF To have more time for business, organize and simplify household routines. Start by holding a garage sale to get rid of unnecessary possessions. Next, have a family conference and divide household duties, making sure each person does his or her part. The, set up a planning notebook to keep track of appointments, things to do, calls to make, errands to run, shopping, etc. Finally, set up a work schedule so you won't get sidetracked by TV, neighbor's visits, snacking, and telephone calls. Creating and operating a home business is a wonderful and rewarding challenge. The satisfaction is not only in the money earned, but in doing what makes you happy.

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Julia Tang publishes Smart Online Business Tips, a fresh
and informative newsletter dedicated to supporting people
like you! To find out the best online business opportunities,
and to discover hundreds more proven and practical internet
marketing secrets, plus FREE internet marketing products
worth over $200, visit: http://www.best-internet-businesses.com
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