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Starting a new business can be a very exciting time, you are going to be your own boss, decide what and when you do things, manage the purse strings, and in fact you are in control of everything. Are you really in control of the situation though, you have to deal with everything yourself so you have to stay focused on what you want to do and why. All business startups need advice; sometimes they need advice on where to get advice, so the budding entrepreneur has to be able to...

Business Startups

Business StartupsStarting a new business can be a very exciting time, you are going to be your own boss, decide what and when you do things, manage the purse strings, and in fact you are in control of everything. Are you really in control of the situation though, you have to deal with everything yourself so you have to stay focused on what you want to do and why. All business startups need advice; sometimes they need advice on where to get advice, so the budding entrepreneur has to be able to listen as there is more to running a business than understanding, or loving, the subject.Like a chess game, success in small business starts with decisive and correct opening moves. And, although initial mistakes are not fatal, it takes skill, discipline and hard work to regain the advantage.When you plan to start a business you do not plan to fail but statistics show that 70% of business startups fail within the first 3 years of trading. This is for a variety of reasons but they mainly hinge around business and financial planning. Basic mistakes like starting the business with insufficient financial backing or working capital to taking too much of the profits to remunerate the owners are often the downfall of the business.A way to increase your chances of success, take the time up front to explore and evaluate your business and personal goals. This information will be useful to help you build a comprehensive and well thought out business plan, the blueprint for you business.Every business needs a business plan, for business startups the first part of the business plan might be where to find out how to write a business plan and what it should include. The process of developing a business plan will help you think through some important issues that you may not have considered yet. Your plan will become a valuable tool as you set out to raise money for your business, no investor will even look at you if you have not got a business plan. It should also provide milestones to gauge your success.There are a lot of agencies who can advise you on some, or all, aspects of starting a business. Some of these will charge you for their advice whilst others offer them free of charge.Business link is one of the agencies and advice is free and assistance with funding might be available in the right circumstances. They have a large database that will help you find a grant or subsidy that suits your business and let you know what makes a business eligible to receive one. Interactive tools help you identify the capital and incentive allowances that your business can claim and identifies online transactions available to your business and explains how to register and enrol.They can even help with introductions to reputable suppliers. A bad supplier speeds the downfall of a lot of business startups who really need to rely on good stock and reliable delivery dates.There are a lot of schemes that are interested in funding business startups, for example Option 2 funding offers 50% matched funding for projects to expand business. Other funding schemes are often available based on regional location and industry type. These include grants to help with business development, and they are available from a variety of sources, such as the government, the European Union, Regional Development Agencies, Business Links and some charitable organisations.So if you do not want to be a an addition to the failure statistic investigate all the funding opportunities available to you, whether you go to a commercial organisation or go for free advice from an agency such as Business Link. Be sure to listen to their advice, they have been dealing with business startups for years; this is your first time.

FADING GIANTS---The Tendency for Recognized Leaders to Lose It as Mega Builders

FADING GIANTS---The Tendency for Recognized Leaders to Lose It as Mega Builders

Copyright 2006 Dr. Eileen SilvaIt was a rare moment in networking history: four people with high MLM visibility sat together around one table. One was the man who revolutionized the diet industry, exploding his company to over 300 million within 4 years of its launch and building dozens of million-dollar earners in his 30-year tenure in the MLM industry.On his left was another legend of MLM--- heir to one of the largest MLM fortunes to ever be amassed and owner of the company that was, arguably, the most charismatic and wealthy meteoric-rise-to-riches ever to hit our industry. My husband, Taylor Hegan, and I, who have made in excess of three million dollars the last few years, as well as creating over a dozen other millionaires in the last decade, rounded out the circle.When the subject of industry leaders ability to repeat their successes as they move from one company to another came up, we collectively decided that very few big leaders are able to change companies and repeat their track records.Perhaps the most compelling reason for this is the nature of the dream we sell: Build an empire that you can manage from the beaches of the world. Create financial freedom, which gives you the time freedom to spend with your family and your hobbies.We, who have actively helped mold the industry for the last three decades, have noticed that those who hit the big incomes seldom continue to build and work the business aggressively from a recruitment and growth emphasis after their checks surpass $20,000 a month. In light of that sabotage phenomena, I thought it would be useful to offer up some guidelines to help you avoid becoming a statistic once you hit it big!I suggest that you: 1. Hire a staff to help you run your business like a business; 2. Never abandon doing the leadership steps that got you there. These include: retailing, advertising, sponsoring, mentoring, training, personal development work, leadership management, daily communication, and event planning. With the current trend in compensation payouts and telecommunication systems, as well as recruiting systems, distributors tend to develop their loyalty to their products and company. One of the biggest money earners of all time recently made this interesting statement: If I wanted to leave my company today (after more than a decade and $35 million commissions earned), I wouldnt be able to move people with me. They are all so product-bonded that its not about me, or the lure of an opportunity; its about the results they are creating through retailing systems and new recruiting systems.In your less successful days I would encourage you to sponsor your weakness --- in other words--- if you dont like doing mail order, I would encourage you to sponsor someone who did. As you progress up the ladder of success with MLM, let me implore you to hire your weaknesses--- so that within your immediate direction, your office continues to execute all the necessary phases of the business.Let me also suggest that at the very least you plug back in 10% of your income toward business expenses. and quite possibly it would be appropriate to invest considerably more than that. Taylor and I spend many thousands per month on expenses, but as he is quick to point out that we have steadily amassed a fortune in the face of this expanded tab.If you want to avoid becoming a fading giant, you must continuously assess your business developments and surround yourself with a mastermind group that will stimulate you to be the best you can be. Remember: the true great leaders of MLM are not necessarily the biggest earners; they are the most well- rounded performers with industry staying power. Make sure, as you take your career to the superstar level, that you remember the importance of continuing to execute the tasks that originally got you there! You will then be, as multi-millionaire, Charles Givens, has always said, Ten feet tall and bulletproof.

Liquidation Wholesalers Buy and Sell Stock

Liquidation Wholesalers Buy and Sell Stock

When it comes to inventory, buyers and sellers face similar dilemmas. For the individual or business that sells goods on eBay, in discount stores, or at flea markets, it's a challenge to find high quality products at wholesale prices. For the business or manufacturer that has surplus merchandise or who is on the verge of going bankrupt, it's a challenge to find wholesalers who will buy entire stocklots. Liquidation WholesalersLiquidation wholesalers serve an important function for both buyers and sellers. They buy huge quantities of clearance items, bankrupt stock, surplus stock, overstock, and end of lines from businesses and manufacturers, and then resell it in smaller lots to individuals and businesses. The customer base for a company that sells liquidated stock can include other wholesalers, online merchants, garden centres, grottos, retail shops, market traders, and even those who do car boot sales. If you are a business owner or an individual looking for high-quality products at bargain prices, you need a liquidation wholesaler. If you're new to the liquidation scene, here are some things to keep in mind. Variety of ProductsLiquidation wholesalers buy from a variety of sources, including large importers, local and regional manufacturers, and bankrupt businesses. Because liquidation wholesalers deal in bankrupt stock, overstock, and end of lines, they have a wide range of product types. They may have seasonal merchandise, jewelry and fashion accessories, tools and hardware, decorative items, pet products, car products, bathroom items, and kitchenware. Virtually everything you find in a retail store will eventually make its way into a liquidation warehouse. Ever-Changing ProductsThe most successful liquidation wholesalers go through an enormous quantity of stock. Indeed, their success lies in their ability to buy huge lots, warehouse them, sell them, and ship them at a breakneck pace. For that reason, the wholesale inventory that's available is constantly changing. You might be able to buy candles and candle holders one week, but once they're sold, they're gone. That's why it's important to keep checking liquidation wholesalers' available stock. If possible, work with a wholesaler that offers a mailing list, and who will send you email newsletters about special offers and new lines that have arrived. QuantitiesMany people assume that, in order to buy from liquidation wholesalers, they have to buy whole pallets of a single product. To the contrary, there are some liquidators that sell products by the case. Because you don't have to commit to buying thousands of the same product, you can easily add variety to your own offerings. PricesBecause liquidation wholesalers buy their stock so inexpensively, and because they are motivated to sell it quickly, you can get unprecedented bargains on high-value items. For example, you might be able to buy 120 wallpaper borders by a well-known designer for only 1.20 or 48 porcelain dolls for only 12.00. Where to Find WholesalersLike most businesses, liquidation wholesalers are opening up their customer bases through the Internet. Because their stock is stored in warehouses, potential customers can't browse in showrooms. The Internet, however, is the perfect medium for both liquidators and those who want to buy stock, since pictures of items can be viewed and transactions can be performed online. After a transaction is completed, the stock is shipped to the buyer, and the liquidator makes room for more products. Turning to a wholesale liquidator is the perfect solution for both those who need to sell quantities of stock and those who wish to buy merchandise for resale.

Ice Tower Fails to Complete - Further Update (6/25/07)

Ice Tower Fails to Complete - Further Update (6/25/07)

We recently reported that Ice Tower in Panama City announced it was not going to be built and that they were going to refund money to the investors. Many of those investors paid as little as $1000 a sq. meter. Now current market prices are $2000 per sq. meter up to $3500 a sq. meter. This is probably more than Florida real estate at this time but if they can get it why not.The problem is the purchases are frequently speculators also called flippers who have no intention of ever living in the units. They just buy in anticipation of higher prices and then sell to another person and then he sells to another and so it goes. It eventually is like musical chairs, the music stops and there are not enough chairs for everyone and someone gets left out and in this case left out means they can not sell the condo for more than what they paid for it. Their choices are then to walk away from the down payment which could be as much as 30% of the purchase price by completion time.Their other choice is to fund the actual purchase at completion and hope the value appreciates over time so they do not take a loss by walking away from their deposit. This generally involves renting the units. Now if there are a lot of rentals on the market as in many investors who got stuck like this, then the rents drop since $1000 a month beats asking $3000 a month for four months with no renters. Well when one can rent the unit cheaply why buy it. Appreciation becomes doubtful and that is one way a real estate bust occurs.There are lots of other bust scenarios as well. Well these investors in Ice Tower were licking their chops regarding the anticipated profits and now they are going to just wind up with a refund for all their trouble and waiting. They also might have been able to buy a different project instead of Ice at the lower prices back then and that project may have actually completed and then they could have realized profits. So they had a hidden loss of opportunity at the very least.On Sunday, June 24, 2007 cement mixer trucks were pouring cement into the hole that was destined to be Ice Towers foundation, which of course is no longer a viable project. So were they just filling in the hole with expensive concrete or were they pouring the concrete to finish the foundation, which could be used for another residential building on the same prime location. Since the Ice Tower team indicated according to La Prensa newspaper that another building would be going up in its place this is what could be what is going on, but we do not know this. What we do know is that cement trucks were pouring cement into the foundation to fill it.Iron Tower - We just learned (this is all hearsay by the way ) that the new building taking the place of Ice Tower is to be called Iron Tower. This explains the cement trucks filling in the foundation hole. The same developer is building it. Iron Tower is supposed to be 75 floors in height making it a substantial icon building on Avenida Balboa. The cost of Iron Tower is going to be $2500 a sq. meter for the existing purchasers of Ice Tower. This is a special discounted price from the list price of $3200 a sq. meter. If the customer wishes to transfer to the new project they can and if they prefer a refund they can have one just as easily. This is what we are being told. I expect as the days and weeks pass we will learn more about the new project and how things are going so stay tuned for more updates on the Panama Real Estate Boom or Bubble Bursting!

Benefits of Outsourcing Accounts Payable in small and lager Business

Every individual running a company wants to be free of encumber of paying money which they owe to anyone as soon as possible. Accounts payable accurately means the money which a company owes to sellers for products and services which have been bought from them on credit. If you are result it complicated to keep a follow of the amount of your accounts payable. This is just right way to contract with this condition.When you are management a company, keeping track and managing of things like "accounts payable" , can become very difficult and wild. We provide Accounts Payable Services to clients all over the world. However this is a significant feature of any company process and has to done and done in time. Accounts payable outsourcing services are presented by many businesses which deal with finance and accounting outsourcing.The accounts payable processes have important contact on the earnings of a company. Companies use up enormous amounts of money every year to process invoices, implement get order matching, address deficiency and respond to dealer inquiries. If the accounts payable system is not efficient, a company has to allow the additional cost of late payment consequence, missed discounts, reproduction payments and rewrite. With an enlarged focus on cost reduction and enhanced fiscal management, executive management teams are realizing the profit of a successful accounts payable process.Accounts Payable outsourcing services at India are paying attention at convert our customers entire payment movement by successfully automating the processes of transaction management, documents management, elimination of duplication, exception resolution and disbursement-related services. Our Accounts Payable Outsourcing Services at India offer our worldwide customers the suppleness to outsource all or part of their accounts payable business purposes. Accounts payable solutions superior workflow and imaging technology, best practices, and high levels of superiority make certain that we process the clients Accounts Payable proficiently and exactly. Accounts payable outsourcing has many advantages. One of the major advantages is that you can save enormous amounts of income through the outsourcing work. Work is outsourced generally to increasing countries where there is great quantity of manpower. This automatically means that your accounts payable outsourcing work will be handled by trained professionals at a very cheap rate. The profits which you will save in this approach the profit for your business.

Dealing with Difficult People: 27 Secrets & Strategies You Can Apply Today

Copyright 2006 Colleen KettenhofenNo one can get your goat if they dont know where its tied up. Zig Ziglar1. Listen more effectively. Listening is the number one tool in communication, especially when dealing with difficult people.2. Step back and analyze the situation from an outside perspective. When we are less emotionally involved and cool our jets, the answers come for how to effectively deal with them. Whether dealing with a difficult boss, dealing with a difficult co-worker, or spouse.3. Ignoring often doesnt work. The tension becomes so thick you can cut it with a knife.4. Choose your battles. There are times when you have to let it go. Know when to speak up and when to pick your battles.5. Criticize in person, praise in public. Never publicly criticize someone as you will look like the bad guy and the difficult person will only become more upset.6. Maintain respect for them even if you disagree or dislike them. At least acknowledge what they say. Think about how you would want to be treated.7. Seek first to understand then to be understood, especially when dealing with "difficult people" .8. People often wont care what you think unless they think you care. At least attempt to see it from their perspective.9. Maintain high expectations and standards if you are managing this employee. If you dont do this you will be seen as enabling their unacceptable behavior.10. Strive for greater communication. Often, its not that there isnt enough communication, its that its bad communication. So work on improving your conflict resolution skills. If you are a manager, consider training everyone in "conflict resolution" . One of the main reasons teams fail is because some of the people on the team dont like each other, or arent skilled in handling conflict.11. Invest in communication skills courses and conflict resolution skills courses to improve the part you can control you.12. Dont lose emotional control. Antagonists and passive-aggressives will often try to push your buttons.13. Avoid being around difficult people when theyre in a bad mood. If theyre always in a bad mood, try being around them when they are in a better mood!14. Accept, change or reject. Know that ultimately you only have three choices. 1) Accept the situation knowing it wont change. 2) Attempt to change your relationship with them by changing how you react. 3) If its really affecting your well being, it may be time to reject the situation and move on.15. Avoid "but." No buts allowed! For example, dont follow giving them positive reinforcement with, But on the other hand The word but only negates everything positive you just said.16. Non-verbally position yourself at their eye level. For example, if they are sitting when you talk with them, sit. If they are standing, stand. Converse at their level.17. Avoid the word need when possible and use want instead. Saying politely and tactfully, John, I want to have the project in to me by noon so that well meet our deadline. Want is more assertive as long as its in the right tone.18. Watch your tone of voice. Avoid an autocratic or sarcastic tone. The Latin root of the word sarcasm is sarco meaning tearing of the flesh!19. In face-to-face communication, words account for 7% of what people notice and believe about you. Tone is 38% and body language 55%. So a full 93% is tone and body language.20. Give sincere positive reinforcement when they do something well. Show genuine appreciation. Often difficult people are difficult because they feel unappreciated.21. Avoid absolutes such as, You always and You never. It puts difficult people further on the defensive.22. Dont take it personally. Often theyre difficult because of something going on with them.23. Watch your mental state. Dont let them drag you down. A little of that can be normal but dont allow it to go on.24. Remember the person who constantly angers you, or constantly intimidates you, controls you.25. Mutually agree to move on. Agree to disagree. If this isnt possible, at least move on in your own mind.26. Attempt to understand whats driving that difficult behavior. Get at the root cause, even if you only try to figure it out in your own mind.27. E + R = 0. Event + Reaction = Outcome. You cant control the event, but you can control the outcome based on how you react or respond. Be careful how you respond.For example, theres the story of the couple who were divorcing. A neighbor said to the wife, Do you think youd ever get back together? She replied, No, because we have said things to each other that are so horrible, that even after apologizing they could never be taken back. There's no way wed get back together. The moral of the storybe careful what you say. Once those words are out theyre hard to take back.The disease of me often results in the defeat of us. Pat Riley of NBA fame

Summary

Starting a new business can be a very exciting time, you are going to be your own boss, decide what and when you do things, manage the purse strings, and in fact you are in control of everything. Are you really in control of the situation though, you have to deal with everything yourself so you have to stay focused on what you want to do and why. All business startups need advice; sometimes they need advice on where to get advice, so the budding entrepreneur has to be able to...