Tag Archives: business

The Key to a Successful Business

The Key to a Successful Business

Where would a business be without a business plan? A business plan sets the course for the future of the business. It gives the business owner or manager a sense of direction, listing the objectives and goals of the business from the outset.
Writing a business plan requires a lot of time; a successful business plan cannot be a rush job. Once an idea for a business has been developed, researching the many facets of owning and operating a business is the next most important step. Your local county council should be able to assist you with accessing the required information of a legal nature, as should your local business enterprise center. The rest of the research will be up to you! You will need to research products for your business, at the same time as researching other enterprises that may be in direct competition to you. Furthermore, you need to research the market to determine whether there is a need for your business product or service.
With the research out of the way, sitting down to write a business plan requires focus. Your business plan will become the bible of your business for at least the next 3 to 5 years so it is important to make it clear, concise and comprehensive. Most enterprises will complete a SWOT analysis to determine their strengths, weaknesses, opportunities and threats of the business. Whilst the business is in infancy, brainstorming would be the most accurate way of performing the analysis, as the business would not yet have customers and profitability would not yet have been experienced. However, it is very important to remember that a good business plan is flexible and can be changed as your business experiences growth.
After completing a SWOT analysis, you will need to determine your business name if it has not already been decided (and register it), as well as your vision and values, your business goals and long term mission and how you will achieve all of this when the business is up and running. Writing every thought down regardless of how minute you feel it is will allow you to collate everything pertinent to your business for easy reference in the future. Who knows, the thought or idea that you have today may well turn into a million dollar idea in a years time! Maintaining good records and following a strong business plan is the key to a successful business!

Starting a Business Accounting

Starting a Business Accounting

Starting a business can be quite trying at times. There are many things you must consider when starting a business. In addition to deciding what type of business you will start up, what the business will sell or what services the business will provide, you must also make sure that your business is in compliance with all local, state, and federal business laws.

In addition to a business license, required by almost all localities in the United States, a new business must file many tax forms at the start of the business. If you are selling a product, your business will need to file for retail sales tax licenses. Depending on the location of your business, you may need to file for a retail sales tax license from your city, county, and/or state. If you are selling a service, and your state or city requires sales tax for services, your business will also need these forms.

Another thing your business will need to file for is a federal tax identification number. This number is used on all tax documents for your business. It may not be required if you will be the only person working for your business. However, if you plan to use subcontractors or employees, you will need a federal tax identification number in order to pay your contractors or employees. This is required by the federal government so that wages paid can be tracked by the IRS for purposes of collecting income taxes.

Some cities require that individuals and businesses pay a local income tax in addition to state and federal income taxes. You should find out if your business will need to pay this type of tax, and what the filing requirements are for your location. Many businesses are required by law to file quarterly federal income taxes. If you are a smaller or home based business, these quarterly tax payments are not necessary by law, but can prevent you from owing taxes at the end of the year. If you are not sure whether or not your business should make quarterly tax payments, you should contact a professional accountant to answer these and any other questions. If your business does need to make quarterly tax payments, you will want to obtain the necessary forms for your business taxes from the IRS prior to starting your business. Become familiar with the forms and the processes, and organize yourself so that your business runs smoothly after start up.

There are many other considerations when starting a business. You need to make sure that your business follows all business laws applicable to your type of business. Some industries and businesses require additional licensing. Other industries require additional insurance to be purchased. Workman’s Compensation insurance is required by federal and most state laws if you have any employees. Some states require a business to carry liability insurance to cut down on law suits, while in other states this type of business insurance is optional.

Make sure you know the legal requirements for starting a business before you actual begin doing business. This way, you will be compliant with all local, state, and federal business laws, thereby cutting down on your risk of running a business as well as cutting out the possibility that your business could be shut down before it has ever truly begun.

The Benefits of Business Improvement Programs

The Benefits of Business Improvement Programs

By attending to an effective, well-structured Business Improvement Program (BIP), business owners are able to learn elaborate, reliable marketing and business management techniques with minimal time and effort. A solid, coherent Business Improvement Program can easily make the difference between a poorly managed, low-rewarding, average business and a prosperous, lucrative, well-run business with long-term prospects and well-established goals and objectives. Business Improvement Programs are appropriate for both small and extended business owners, providing program attendants with a set of comprehensive materials that account for all the relevant aspects of a prosperous, successful business.

There are various reliable training websites and online services that offer business owners the opportunity to enroll in professional Business Improvement Programs for free or in exchange for a reasonable sum of money. You can either choose to participate actively, by attending to specific business seminaries and courses, or, if your time doesn’t allow it, you can simply purchase self-study oriented materials that allow you to assimilate valuable information in the comfort of your home. However, it is best to personally attend to Business Improvement Programs, as active participation allows you to exchange opinions and interact with well-trained professionals.

In addition, business seminaries and courses encourage attendants to confront their opinions with other people, allowing participants to express their ideas and beliefs regarding business management solutions and marketing strategies. Considering the fact that most Business Improvement Programs are focused not only on theory, but also on the development of practical skills and logical abilities, attendants are able to view their business from a different perspective, approaching and solving problems in a more objective manner.

Business Improvement Programs are appropriate for all business owners, regardless of the nature of their managed business. Such programs account for very important features such as innovative sales and marketing strategies, effective solutions for consolidating the relations with clients, reliable strategies for attracting new potential clients to a certain business, strategies for neutralizing competition, strategies for establishing priorities and long-term objectives, and various other business-related aspects. Business Improvement Programs are presented and taught by the best professionals in the branch, providing you with support and encouragement over the entire period of the training program. By the end of the training program, you will have developed an extended package of valuable information regarding proper business planning and management, corroborated with a set of practical skills and abilities that will improve your relations with your employees and potential customers.

A solid, well-structured Business Improvement Program can help you boost the profitability of your business in a short amount of time. Whether you own a struggling, oscillating business or, by contrast, a successful, properly managed business, BIP can teach you how to get the most out of it with minimal effort. Business Improvement Programs can also help you better evaluate the overall efficiency of your business, teaching you how to quickly identify and correct emerging problems. Business Improvement Programs are the best means to rapidly enhance the efficiency and the prosperity of your business.

Spend More, Earn More With Chase Business Credit Cards

Spend More, Earn More With Chase Business Credit Cards

We all want to get the most out of life. Your business should be no different. If you are looking to consolidate your business expenses and reap those well-deserved rewards, Chase business credit cards just might be the thing for you.

Regularly charging your business expenses to your personal credit card can limit your personal purchasing power. Chase business credit cards allows you to tap into a new source of spending power, dedicated solely to those essential business expenses. What’s more, only Chase business credit cards allow you to earn cash by frequently spending.

Chase Platinum Business Card
The most popular among the Chase business credit cards currently on offer is the Chase Platinum Business Card. This business card offers a 0% introductory rate for the first 12 months for both balance transfers and purchases. Additionally, like all Chase business credit cards, the Chase Platinum Business Card offers a reasonable rate of only 12.24% after the 12-month introductory period. And if this low rate is not inviting enough, the Chase Platinum Business Card also gives you the opportunity to earn a cash back reward of 3% on eligible purchases.

Among all Chase business credit cards, the Chase Platinum Business Card is very appealing to business owners and managers. Business owners and managers are given the opportunity to keep tabs on their company’s business expenses by having exclusive online access to tools for account management and reports. Extra cards for your employees and colleagues are also free.

Chase Business Cash Rewards Card
If you are looking for a great rewards program for your business, then the Chase Business Cash Rewards Card is perfect for you among all the Chase business credit cards. The Chase Business Cash Rewards Card allows businesses to earn cash back, letting you stretch those business dollars.

The Chase Business Cash Rewards cash back program works as a rebate program. Qualifying purchases can earn up to 5%, and there is no limit on the cash rewards you earn, as long as you are a cardholder. A tiered system is used to determine the percentage of your earnings. Simply put, purchases ranging from $1-$2,500 will earn one point for every dollar. Purchases exceeding $2,500 will earn 1.25 points for every dollar. An accumulated 5,000 points earned entitles the Chase Business Cash Rewards cardholder to a $50 gift certificate.

Like other Chase business credit cards, car rental and travel insurance, and purchase protection plans are added benefits of being a Chase Business Cash Rewards cardholder. There is a 0% introductory offer for the first year, and upon expiration of the introductory period, a low interest rate of 14.24%. All you need to apply for a Chase Business Cash Rewards Card is excellent credit history.

Chase Business Card with Premiere Cash Rebate
If you are a business owner or manager looking to maximize a good rebate program for your business, then the Chase Business Card with Premiere Cash Rebate is for you. Aside from an excellent rebate program, the Chase Business Card with Premiere Cash Rebate also helps you keep tabs on your company’s finances by giving you exclusive access to online reports and account management tools.

Like other Chase business credit cards, the Chase Business Card with Premiere Cash Rebate has an introductory offer of 0% for the first year. There is also a very low annual fee after the first year. However, interest rate is slightly high at 14.24% after the introductory period, and it applies to both purchases and balance transfers. Also, like other Chase business credit cards, a good credit history is needed for a successful application.

Whichever you choose among the Chase business credit cards available, it is always good practice to pay off your full balance each and every month. Continually carrying a balance and compounded interest may only negate the benefits you have earned from the rewards program you chose.

Home Business Resource – What You Will Need To Start A Successful Business

Home Business Resource – What You Will Need To Start A Successful Business

Starting a home business is a very important decision, and there are some typical home business resources you will need to have in order for you to succeed. Home business resources are assets, services and systems you will need to make your home business run smoothly; and also other steps you will need to take to make sure that you will succeed with your business.

So, to start a successful home business, what resources and steps do you need to take?

• A clearly laid out business plan. Without a business plan and goals to achieve, then you can not get anywhere. A business plan will map out what you need to succeed and how you will achieve your goals.

• Good research. Whatever your business will need, you will need to be well informed about it. So you will need to do me research so that you become an expert on the niche, product or service. Knowledge about the business is an important home business resource, so you must do the necessary research to be well-informed about the industry or product/service.

• A well set-up office. Your office is another important home business resource. You will need to be productive while working from home. You will therefore need an office that has all you will need to run a smooth business; a computer, printer, internet access, fax, telephone, business cards and a conducive work environment. A suitable desk and appropriate lighting in your office is also an important resource that is often underestimated in its importance. You will sometimes work for many hours in a day, and your work space needs to be comfortable. Allocate some money towards setting up a working environment you will enjoy working from everyday!

• Some money to cover capital outlay and running costs is an important home business resource which you will need. Any business requires some form of investment, and you will need to know how much you have, and how much investments and ongoing marketing your business will need for it to succeed. It is therefore recommended that you start your business while you are still employed, so that you have some income to live on while you are still building your business.

• Support system. This can be a mentor; someone who has succeeded with a similar business, or simply your family and friends. You need to have people close to you who will encourage you and give you any support you need. You can also join a forum of people with the same business like yours. A good support network is a very important home business resource.

• Business leads and clients are a crucial home business resource. Making and creating contacts and networking is very important – you need to start building your potential clients base before you launch your business. Start marketing your business by giving away some products and services. By creating a relationship with your potential customers, you build trust with them, and when you launch your business, it will be easy for them to buy from you.

• Be professional! The way you run your business and relate to your customers is very important. Be prepared to ‘go the extra mile’ with your customers. Care about your customers, and provide all the information they may need.

• Hire any professional help you may need. Treat your business professionally, and if you need the services of a lawyer or accountant, hire/outsource it. It is more productive and effective to get experts to do what you can not do, leaving you time to focus on your business. You will want to do the best for your business; so if there are any home business resources you do not have, outsource them.

If you have the home business resources outlined above, then your business will succeed. Although your home business may only be a small venture, treat it like a real business, and get all the home business resources any business will need in order to be successful.

Getting Your Marketing Message Across With CD Business Cards

Getting Your Marketing Message Across With CD Business Cards

CD Business cards allows any type of business that dynamic look. Hand out your business card on disc and see the expression on your clients faces. CD Business cards are aimed to provide your prospect with as much information as possible.
Perfect for leaving a lasting impression at conferences and trade shows. Imagine handing out your businesses executive summary or PowerPoint presentation integrated within your CD Business Card.
The cards come complete with a PDF and PowerPoint viewer. Your existing PowerPoint presentations can also be converted to flash. Flash converted presentations come complete with a dynamic control panel.
Imagine the possibilities you can do with your standard PowerPoint converted to the more dynamic flash. Your have ready made presentation content converted to the more advanced flash.
CD Business cards can come complete with your business logo, images, sound and even short video clips. CD Business cards are a sure must for any business wanting to leave an impression. Business card shaped discs are perfect as they are square, light and unique. Cards come complete with a photo glossy label complete with your company logo and details.
The benefits of CD business cards over paper business cards
Business Cards VS CD Business Cards
• CD Business cards have that WOW factor.
• CD business cards are not thrown away they are passed on.
• CD Business cards give you that professional image.
• They allow more valuable information to be left with that potential customer.
• CD Business cards will outshine any paper business card.
• CD Business cards are small , light and futuristic
For more information on CD business cards visit www.cdlivecards.co.uk

Business Etiquette

Business Etiquette

Business etiquette is in essence about building relationships with people. In the business world, it is people that influence your success or failure. Etiquette, and in particular business etiquette, is simply a means of maximising your business potential.
If you feel comfortable around someone and vice versa, better communication and mutual trust will develop. This comfort zone is realised through presenting yourself effectively. Business etiquette helps you achieve this.
Business etiquette revolves around two things. Firstly, thoughtful consideration of the interests and feelings of others and secondly, minimising misunderstandings. Both are dependent upon self conduct. Business etiquette polishes this conduct.
Business etiquette varies from region to region and country to country. For the international business person, focusing too deeply on international business etiquette would leave no time for business. However, there are some key pillars upon which good business etiquette is built.
Behaviour
Your manners and attitude will speak volumes about you. They will point to your inner character. If you come across selfish, undisciplined or uncouth your relationship is unlikely to prosper. Appropriate business etiquette promotes positive traits.
Honesty
A reputation for delivering what you say will deliver goes a long way in the business world. Remember, a reputation for integrity is slowly gained but quickly lost. Understanding a particular country’s business etiquette provides a framework in which you can work without fear of crossing boundaries in terms of agreements, promises and contracts.
Character
Your character refers to what you as an individual bring to the business table. Proper business etiquette allows you to exhibit your positive qualities. For example, knowing when to be passionate and not emotional or self-confident without being arrogant. Just through learning another’s business etiquette you demonstrate an open-mindedness which will earn respect.
Sensitivity
Sensitivity and consideration underlie all good business etiquette. Being prepared for foreign ways and methods and responding thoughtfully is achieved through experience and business etiquette know-how. By avoiding misunderstandings and misinterpretations through business etiquette you lay foundations for a strong business relationship.
Diplomacy
Avoiding thoughtless words and actions protects you from negative consequences. Impulse often leads a business person astray. Business etiquette encourages the careful thought of the interests of others and choosing acceptable forms of expression.
Appearance
Dressing appropriately, standing and sitting in the right place at the right time, good posture and looking physically presentable are all elements in making a good impression. Business etiquette teaches you how to suitably present yourself and what to avoid.
Analysing, understanding and implementing the above will help you recognise what business etiquette is and how it should be employed within the business world.
For the international business person business, etiquette acts as a key. It locks the doors of poor communication and misunderstandings and opens doors to successful business relationships.

The worth of a business credit card

The worth of a business credit card

Among the so many varieties of credit cards, one of the most underestimated is the value of a business credit card. Many people do not choose to apply for a business credit card because aside from having a definite target market— the business owners or business executives—it seems to be complicated to use. Although a business credit card has more requirements and has higher interests compared to other types of credit cards there is, contrary to the common conception, t can be very helpful if used properly.

What is a business credit card?
Basically, business credit card is for the business people’s consumption. Compared to the regular credit card, a business credit card has a high limit plus low interest rates. Depending on the manner of choosing, a business credit card may also bring a lot of automatic benefits.

Since it is targeted towards businessmen or those people who are heading towards building a business, a business credit card can definitely benefit these small businesses. A business credit card helps the budding business by extending payments while improving the cash flow. Aside from bearing the image of a dependable credit card, business credit card boasts of having detailed reports and giving quality customer service as its major trademarks.

Aside from having limits and low interest rates, a business credit card provides many alternatives and numerous credit options for small businesses. A business credit card also caters to large corporations that are crafted to aid those people who are starting with their own business to grow while closely monitoring the baseline of credit.

Simplifying business credit cards
It really pays to go to the bank when one applies for a credit card to get the chance to answer all immediate inquiries. But since business credit card is for business people who are always on the go, many business credit card issuers offers online applications for business credit cards. When one applies for a business credit card, there is no need to visit the bank. There is also no need to wait in the queue just to talk to a bank representative. When you apply business credit card online, all you have to do is to select the business credit card option that would perfectly suit your small business or corporate credit requirements right from the comforts of your home or office. Aside from offering safe, secured, and simple processes that are designed help you take care of your starting business, most business credit cards online offer accessible features for the convenience of the business credit card holder like the online payment and reporting. Customized company logos and access to instant cash are also available on line. Other business credit card online offers detailed reporting features for easy monitoring and access.

Most business credit card applications offer free fee for the first year and no pre-set spending limit or finance charges. Other business credit card offers viable membership rewards program that enables the member to earn points towards travel, merchandise and other rewards for his or her business. Some of these business credit cards offer small businesses a line of credit up to $100,000 at a competitive APR as low as prime + 1.99% for both cash and check purchases; 100% of the line is available as cash and no collateral is required. The business credit card holder or customer might receive fee-free checks as well as a card to access the account. Everyday savings or exclusive savings, express approvals, no annual fee, up to 5 percent rebates on all qualified purchases, and 0% introductory annual percentage rate (APR) on purchases during first half of the year of card membership are some of the great offers of most business credit cards.

Although majority of the business credit card issuers offer great value deals, it is very important to research first what does your business needs. Whether your business credit card is meant for investing in inventory or just for payroll, it is significant to look for a flexible business credit card that can handle almost anything. Whether you opt to go directly to the bank or apply for a business credit card online, a number of premier business credit card suppliers are there to help you find the right credit card product as easy and convenient as possible.

Budgeting Expenses and Income Through Business Credit Cards

Budgeting Expenses and Income Through Business Credit Cards

There comes a time in the life of any small-business owner when he or she poses the question: Can I apply credit in a smarter way without getting my business into too much debt? The basic answer to that is: Yes, by protecting your credit.

The first three years of a business’ life are the most crucial. During this time, the business owner will need to carefully budget business expenses and realistically project income. This forces the owner to give the important numbers a good, hard think. It is important to develop a picture of the monthly cash flow, particularly in the first year. This ensures that you know where your money is going and that you are keeping tabs on every aspect of the business.

The Small Business Administration says that many businesses fail because of undercapitalization – that is, not recognizing how much you really need to start the business and / or not having the means to access the capital. This is where business credit cards can help. Business credit cards are a common funding option for small businesses. So good, in fact, that there is a general observation that small business owners often overuse their business credit cards during their first years of business. And, if they do not yet have small business credit cards, they normally end up overloading their personal credit cards.

Small business owners understandably heavily rely on business credit cards to help them over those rough periods when the bank balances are low. Unfortunately, in using the business credit cards, some of the small business owners defer paying off the balance for too long and often suffer the penalties of charges in late fees and interest as a result.

The first thing to remember when it comes to using business credit cards is that you should reserve the use of business credit cards for short-term spending only. Business credit cards will allow your business to start building a credit history. If you pay off a large portion of your business credit card balance each month, or even the whole balance when you can afford it, this favorable credit behavior will enable you to build a solid credit reputation under the business name, which will make cheaper commercial loans accessible sooner. That kind of payment behavior also helps you avoid the dangers of falling behind on your business credit card bill.

Remember you already have a budget worked out. Use the monthly statements for your business credit cards to note down your expenses and to track your cash flow status. The business credit card companies already classify your charges, so it should be much easier to do. You can even download your business credit card transaction history from the websites of the business credit card companies. This should speed up your expense reconciliations and give you the time to focus on making your business grow.

Learn to use the discounts offered by business credit cards for business expenditures. Using business credit cards for certain purchases can entitle you to as much as 5 percent discounts. This feature in business credit cards can actually help you save and will go far towards balancing your budget.

The Best Home Business Ever

The Best Home Business Ever

Today many people online and offline are looking for the best home business to join. Many people are looking for the home business that will make them rich. Many are looking for that home business that requires little if any work and produces huge results overnight.This is the something for nothing approach which many people take with them when looking for and starting a home business. People are looking for the best home business ever. Many people are missing the boat when it comes to looking for a solid home business. Instead of looking at what counts like training, mentoring, and the overall home business itself. They are looking at how much they can make with little or no work. Plus many people want results overnight. There is no such thing as the best home business ever. There is no such thing as a home business that will make you rich overnight. And there is no such thing as a home business that will make you rich with you only working 10 minutes a day. All of these claims are false but what is true is you can become very wealthy by starting and running a home business.

You see your home business is just a vehicle to get you from point A to point B. Think of a home business as a car. If you know the basics of operating a car, you will know how to drive almost any car model out there. Just like a home business, it doesn’t matter what home business opportunity you join, if you know how to build a home business you will succeed. See many people think the home business makes you rich but that is false, it is the home business owner that makes the business successful or unsuccessful. Having a home business is just like having a car, when you get into your car you have to start it and push the gas pedal in order for you to go anywhere. The same goes for home business, you have to start it and work your home business in order for it to go anywhere. You don’t expect your car to drive you around and you shouldn’t expect your home business to succeed without your involvement and effort.

Now of course, just like cars, home business opportunities vary from business to business. There are great home business companies out there and there are not so great home business opportunities out there. Just like car models a BMW is 100x a better car then a Pinto but regardless of which car you are driving, the mechanics of driving a car stay the same. The same goes for your home business, it really doesn’t matter what home business you are in if you understand how to build a home business. The mechanics of building a home business stay the same.

The whole point of this whole article is to get you to see that you make or break your home business. The company has very little to do with you succeeding or not succeeding. The responsibility falls on your shoulders. You could join the best home business in the world and still end up unsuccessful. Or you could join the worst home business in the world and still end up a huge success. It all falls on you. It’s not the companies fault if your home business is not succeeding, it is yours.