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Business Week

How To Make a Buying a Business Checklist

Business brokers often encourage business buyers to have a “buying a business checklist”, an important tool if buyers are serious about purchasing a company and not wasting a lot of time looking. Only 20% of all potential business buyers within California actually end up purchasing a small business. In fact, the failure to buy a business often can be chalked up to not following the proven suggestions listed below.
The main items that should go into that checklist are:
1. Getting personally prepared: This includes putting together a buyer profile, including financial statement, description of what you want, and a resume summarizing your work experience. These documents demonstrate you are a “real” buyer, deserving of cooperation from sellers, business brokers, and agents. The information is personal, of course, and should only be shown to sellers who have a business you might want, or brokers whom you believe are honest and professional. Willingness to be upfront about your interests and capabilities will immediately separate you from the majority of people searching for business opportunities but, for one reason or another, will never complete a purchase. Another preparation strategy is to apply for an SBA-backed loan pre-qualification. Buyers who do this find out how much money they will have to work with, and can gain a competitive advantage over buyers who look for a business first, and go searching for money second.
2. Organizing a team: The purchaser who has a lawyer and accountant listed on his or her buying a business checklist will be in a position to move quickly once an interesting business is found. This means of course that the professionals are ready to be of service–the lawyer helping with language in the contracts and protecting you from problems, the accountant to help value a business and conduct due diligence. While other buyers interested in a particular business are trying to find the professional help they’ll need to proceed, the entrepreneur who has taken care of that step will be able to move more quickly than competing purchasers.
3. Cast a wide net. The more businesses you’re aware of, the better the chances of encountering just the right offering in a short period of time. That means working with more than one broker, answering for sale by owner ads, even posting a business wanted to buy request.
4. Respect the sellers’ requests for confidentiality. And be ready to sign a non-disclosure agreement. Showing that you are honest and “above board” will earn the cooperation of sellers. And without that, it’s nearly impossible to buy a business.
5. Try for a win-win in negotiations with someone whose business you’d like to buy. The purchaser who wants to beat a seller in the price and terms aspects of a deal, might find he’s taken “round one” but then when extra help is needed–a bit longer to pay off the note or advice about some confusing aspect of running the company–the seller will be unwilling to accommodate.
6. Pay attention to the details when a transaction is in escrow. After all the work and excitement as you come to the end of the buying a business checklist, it’s a shame to lose a deal over some issue that might have been avoided had you noticed a developing problem and taken action right away. Make certain the escrow holder is competent and is doing everything that was promised.
Buying a small business is not rocket science, but it can be rather complicated and detailed. Make sure to be fully prepared, and that includes making up a buying a business checklist before you answer the first business for sale ad!…

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General Article

Throwing a Good Office Christmas Party

Throwing a Good Office Christmas Party

Deck the halls and kick up your heels, the time has come for the spate of office Christmas parties to begin and if you’ve been put in charge of organising the task you’ll certainly be feeling the pressure to perform! There are several elements that go into throwing a successful office party, but to ensure that yours goes off without a hitch the most important thing to do is to follow a plan from start to finish. From booking the venue all the way through to organising the commercial cleaning company to pick up the pieces, if you put a bit of effort in and use some forethought, you can throw a party people will remember for all the right reasons.

Venue

You may have decided to choose a separate venue for your Christmas party or you might be having it right there in your office. There are pros and cons for both, and it really depends on the individual needs of each workplace as to which one is best. If you have it at a different venue like a restaurant or bar there are far less set-up concerns for you, the organiser, and you can sit back and relax and let them take care of the hospitality. On the other hand, if you have a modest budget, you may want to save money on an expensive venue and put the extra cash into the bar supplies so that you can show your workmates a really good time! After all, everyone loves drinking the company money!

Theme

Themes are a great idea for office parties, and Christmas time is perfect for injecting one theme or another. You could play it safe, saying that the best Christmas outfit wins a prize, or put a bit more humour into the situation and ask people to wear the ugliest Christmas jumper they can find (trust us, there is no shortage of ugly Christmas jumpers in this world!) A theme allows people to relax and get comfortable more quickly, and provides a talking point between you and that super awkward boss of yours should the need arise…

Food and Drink

Staff hate to feel like they are being de-valued or ripped off in some way, which is why you should take care of the food and drink first and foremost. Workers love to lament the stinginess of bosses and workplaces, so even if you have a smallish budget, try and funnel the majority of it into food and drinks for the staff and they’ll be satisfied. Also, make sure the food flows all night and is somewhat filling–this will stop people from becoming too inebriated and making those embarrassing mistakes that earn them unflattering nicknames until the next Christmas party…

Clean-up

If you have the party in a different venue, they may have their own cleaning staff, or you may need to organise it. If the party was at the office, you’ll definitely need to organise it, so you can contact an office cleaning company and ask them to perform a special after-party clean – that way you don’t have to stick around and do it yourself!…

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Business News Articles

How to Develop Your Best Business Ideas

The best business ideas for any new business, be that online or offline, are simply those that fit in with what you as the new business owner are interested in and enthusiastic about. If you are serious about planning for success in whatever business venture you choose to take on then a keen interest in your chosen niche is a must. It is a proven fact that the most profitable business ideas come from knowing exactly what to do and how to start doing it. This does not mean that you need to be an expert in your field right from the start. All you need is that enthusiasm and a willingness to learn as much as possible before you’ve wasted time and money trying to work out what’s best for you. In other words, it’s about finding the right income trigger blueprint for the road to success. An income trigger blueprint is just like a guide, or course, for starting and running a small business. It will provide you with the precise instructions on what you need to do in terms of steps that must be taken to plan out your business strategy whether you plan to have a business online, offline or both.
A small business course is more than useful towards the future of you running your own business the best way possible. In many cases you can get valuable insider information as well as finding other tips and tricks from those with much more business experience. Being an entrepreneur can be a risky career choice but if you know all the start-up steps, including things such as how to write a successful application to get a small business loan, you are well on the way to successfully go about owning your own business and starting out with everything you need.
Discovering the best business ideas can easily be done by following a plan to succeed that has been proven to work by the person who created it. Following a plan to succeed will be the best way to start out owning your own business. Often people believe that all they will need to begin their career as a business owner is to get a small business loan to get started. But that is not the only thing that you will need to be successful in setting up a small business. In fact, most people are actually very naive about starting their own business. It is not uncommon that once new entrepreneurs have started their business, the ideas they thought would turn out to be profitable business ideas failed them because they didn’t bother to take part in a useful and educational small business course.
Taking a small business course will help to broaden your educational boundaries within the business industry that you take part in and it can only bring in positive results towards the success of your soon-to-be empire. The absolute best small business ventures are founded on a blueprint that will help to support the business plan and actually see it through. Again, this is where knowing how to compile a well laid out business plan that is designed the way that you want your business to be will help to turn those simple dreams into reality and you will be more than satisfied.
In a way, you can think of the small business course as a business expense and in most cases you are able to write it off when it comes time to file your tax return. Just remember, the most profitable business ideas can only come to fruition when you have a plan to succeed that is specific to your business. It is time to take control and decide that you are made to succeed in the world of business online and off. Owning your own business is just a stone’s throw away by learning how you can find and refine the best business ideas for your niche and plan to succeed.…

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General Article

Check Out These Great Tips For Want To Know How To Market With Email

Email marketing has been around since the Internet began. Although spam and program filters can effectively block useless messages from getting into another person’s inbox, email marketing can benefit the sender and the receiver, when done correctly. Read on into this article for ideas you can use to enrich people’s lives and your own pockets.

If you plan to use emails as a marketing tool, you must first gain permission from each customer you would like to include in your campaign. If people do not willingly sign up for your emails, you could reported for spam.

Don’t over use words like “Buy now!” This is not a very effective approach. This is not a good way to go about doing this and you may be considered a spammer. They are aware that you would like them to purchase your items, so offer them a professional, valuable relationship. Customers really do notice things like this and will be more likely trust you and your business.

Proofread your emails before you send them out. It’s important to make sure that your email communication is grammatically and stylistically correct. Prior to message distribution, test email layouts so you know for sure that all the text and elements show up in your preferred way. Double-check your links to make sure people can access your website.

Try using various kinds of resources and learning all you can about email marketing. There are lots of great online books or even ones in libraries. Locally, you may even find seminars or workshops to help you work on your campaign, so consider contacting business groups near you for more information.

Use A/B testing to test out different combinations in your subject line. Create an email with two separate subject lines. Send an email with the first subject line to half of your list, and an email with the second subject line to the other half of your list. This will let you see which types of subject lines increase your open rates and, conversely, which types of subject lines get ignored in the inbox.

Do not send emails to random addresses or people who have not authorized you to do so. People typically think of emails that aren’t desired by them as spam. As a result, they’ll likely ignore or delete these messages without even viewing them. You might be violating the policy of your ISP if customers begin receiving unwanted messages from you.

Include lots of useful information in all your messages. Don’t just fill them up with information about your products. Include things that will truly help your customers. Give your subscribers special articles, things they may not find on your website. Also include offers which are exclusive for your products or services. Don’t just send an email when you are trying to sell something, also send things like special offers or a holiday greeting.

An effective email marketing campaign will leave your customer virtually unaware that they have received a marketing message. If you provide valuable information or deals on your service to them, they actually look forward to reading your messages. This will help your brand. It will lead to a loyal customer base who will happily splurge on your services or products. Use the information you have learned in this article, and you will be running a successful email marketing campaign in no time.…

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General Article

How to Clean the Carpet With Green Cleaning Products

How to Clean the Carpet With Green Cleaning Products

Basically the concept of Green cleaning products is to use such products which not only clean your house but such products are not harmful for atmosphere. The main theme behind introducing these products in the market and using them for cleaning houses is to promote good healthy atmosphere for this world. These products are characterized according to scientific methods. The best thing about these products is that they are not harmful for any one and these can be used for cleaning any thing even your carpets.

Step 1:

To clean your carpet with green products you need 1 cup baking soda and you have to mix it completely with vinegar and corn starch. Then next thing to do is to spread this mixture over the carpet and leaver for the whole night. On next morning do nothing except vacuuming your carpet and now you can enjoy your new carpet with great smell.

Step 2:

If there is mold in your carpet and you want to get rid of that mold then you can spray vinegar over your carpet and then sprinkle salt over the carpet so that it ca absorb moisture well. Best results can be get if you do this process once in a 5 days period.

Step 3:

There is no use of using expensive commercial shampoos to use over the carpet you can do it by steam cleaning your carpet with vinegar. Vinegar is the best alternative for cleaning a carpet if some one doesn’t want to use expensive commercial products.

Step 4:

One case is having pets in home so if you have one then you should first clean the carpet for debris elimination. Next step is to sprinkle the carpet with vinegar and then sprinkling salt on it to absorb all the moisture in the carpet. Leave it for one night or at least 12 hours and then vacuum the carpet. This will give a new bright look and fresh scent to carpet.

Conclusion:

Cleaning your carpet requires regular vacuuming but this is not all. Vacuum cleaners cannot take out chewing gums which are stick to carpet surface or chocolates which are making your brand new carpet look ugly so in this case you need a green cleaning product which can clean the carpet easily and it won’t even harm your carpet because there are no harmful chemicals used in these products. You should never use ordinary chemicals for cleaning your carpet because they can easily spoil your carpet and your hands too if these chemicals are too hard.…

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Small Business

Every Successful Business Needs A Plan

A business plan is your map to the money. It tells you where you’re going to get it and how much of it you’re going to be able to keep. And just like any map, the more detail the plan has, the easier it makes it to get to your destination.
Do you need a business plan? Would you hire someone to remodel your kitchen who didn’t have a set of blueprints? I’m sure you wouldn’t think of it. So why run a business without a plan? Unfortunately, it happens all the time, which may be the reason well over 500,000 businesses fail every year.
Most of the small business owners I deal with really know their craft. They know what materials to use, which vendors offer the best terms, which customer is most likely to complain, and so on. They’re also pretty good business people. They understand controlling expenses, tracking labor and material, and pricing their product to make a profit. They work hard and are justifiably proud of the results.
Their business plans, though, all too often sound like “If I build it, they will come.” That may work in the movies, but it stands as much chance for success as a plan to install a tonneau cover that doesn’t include the model number of the truck.
If you expect to run a profitable business, you need a business plan for many of the same reasons you need a plan to remodel a house. It helps you focus on the important factors that contribute to success. It helps you make key decisions on everything from the types of work you look for to the number of employees (if any) that you hire. A sound business plan is also an absolute must if you are looking for capital, whether it be from investors, banks, or even suppliers.
A concrete business plan identifies the customers, quantifies the sales they will produce, and analyzes how profitable those sales will be. It’s like a job estimate that begins at the end of the process (the sale to the customer) and works backward. It helps you determine how much material to order and how much labor to plan on, project the costs, and figure out whether the job will be profitable at the price quoted. Only, instead of doing it on a job-by-job basis like an estimate, the business plan does it for your company as a whole over a period of time.
A business plan isn’t really about what kind of work you’re going to do or how much shop space you need. Those are elements of it, but they are so minor that they’re almost footnotes. There are five basic components:
1. Business Description – A short statement about why the business exists and what it hopes to accomplish. Generally, the more specific-and shorter-the better.
2. Marketing Plan – Answers the questions about how the business will be successful. Who is going to buy the product or service? Why? What need does it satisfy? How many potential customers for it are there? How often will they buy? What are their competitive alternatives? What price will they pay? How will they know about it? How will you get it to them?
3. Financial Plan – Shows the expected financial results of the marketing plan. How much income will be produced? What net worth will be generated? Who will receive that income (you or the bank)?
4. Cash Flow Plan – The step-by-step instructions for generating cash and keeping it. How will the working assets be acquired? When will operating cash be needed? How soon will profits appear? What happens until then?
5. Management Plan – Describes the shop owner or manager’s role in the business. Who will do what? What are their qualifications? How much training expense and time is required? How much time will be devoted to production, marketing, and administration? It also includes contingency plans for events like natural disasters, up- and downturns in the economy, and competitive changes.
This very brief description of each component is not at all complete but it should give you a flavor of what kind of information, hard data, guesstimates, and reasoning go into the business plan. Most of all, a good business plan needs to be grounded in reality, not wishes. I like to say that it should produce an optimistic outlook based on pessimistic expectations.
Preparing a good plan doesn’t happen over a lunch hour. It requires research and thought. Sound business plans can come in many forms, but they all have one thing in common: they are in writing. Whether you use one of the many good software packages available or fill up a loose-leaf binder with pencil-written notes, the act of writing it down forces you to give your plan …

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General Article

De-Clutter & Create a Tidy Office Work Space

De-Clutter & Create a Tidy Office Work Space

If you need an organized office space, you must de-clutter. If you want to look for right piece of information at right time and right place, you must regularly de-clutter the office space. And if you are really serious about getting the promotion and salary hike, then, certainly de-cluttering is the best option to look around. And apart from these instant benefits that de-cluttering would give you, it is also presents a fresh and tidy appearance, besides creating lasting impression before the clients.

Here are some of the effective ways to start de-cluttering in your office:

• Begin with De-cluttering the Office Layout – When you de-clutter the office layout, you ensure that there’s plenty of space to easily move between the office furniture. De-cluttering cleans up the space substantially so that you can easily walk your way to the file cabinet and the adjacent areas.

• Create a Balanced Space in the Office – A desk which is too large or too small doesn’t give good feeling as it will not create a harmony of the office layout. Just imagine for a second, if your office table is too small, than it would create an emptiness of the space. Similarly, if your office table is too big, it wouldn’t leave comfortable walking space around, and the space will appear cluttered.

• Get the Office Furniture Organized in Systematic Manner – For example, if you need the files frequently which are otherwise placed in the file cabinet, then, you need to place it in the area where you can reach the drawers easily while sitting on the chair. Again, if your cabin or cubicle is frequented by the staff members, then you should arrange three or four guest chairs close to your table.

• Organize the Office Utility Items – Regular office utility items such as printer, photocopier, fax machine, etc. should not be placed on your office table. Rather, a separate office space should be allocated for them, so that it is comfortable to use.

• Arrange the Desktop and drawers in a better Way – The best way to organize your drawer space is to go for labeling, wherein, you label all the project folders and then arrange them in a step file folder so they look smart lying on your desktop. Again, stacking trays are practical ideas for organizing your desktop and drawer space. It will create lot of space, and your office table top will look more than just amazing. You can search for the online office supply stores and chain retailers, should you want to buy assortment of plastic trays and caddies. The online office stationery stores are rich place to procure loose pens, paper clips and thumb tacks that can be arranged in the table drawers quite easily.

It would take some time before your office space looks organized and all the more appealing. After few days, it would not take more than just 5 or 10 odd minutes to get your office space organized completely. Moreover, tidy office space also generates good well being.…