Small Business Company

More entrepreneurs today are taking steps to protect personal assets and take advantage of a flexible tax structure by forming a Limited Liability Company or LLC.

A Limited Liability Company is a legal form of Business Company granted in the United States offering limited liability to its owners. It is similar to a corporation, but a more flexible form of ownership, more suitable for smaller businesses with a limited number of employees or owners.

For new business owners a Limited Liability Company can be an attractive solution to forming a company especially considering the many benefits to having an LLC. For starters, having a LLC involves maintaining much less paperwork and recordkeeping as a corporation would have.

Many of the primary benefits consist of the various ways you can set up taxation. For many business taxes alone can be a complicated subject matter. As an individual owner you can decide how you wish your taxes to be applied.

For instance, a LLC can elect to be taxed as a sole proprietor, partnership, S-corp or corporation, providing much flexibility. Also using the default tax classification, profits are taxed personally at the member level, not at the LLC level. Consultation by a professional legal service can be vital to identifying the best option for your business.

LLC’s also provide some of the same protections that corporations have for protecting the owners and members from liabilities and debts of the LLC. If your business should ever face insolvency your personal assets would be protected.

Yet there are still some vital rules to keep in mind when running a Limited Liability Company. Proper management of your company financials is important. It is crucial to keep the business and affairs of the LLC separate from members or manager’s personal affairs. This means establishing a separate bank account, and maintaining separate records from the LLC.

It only takes one person to form a Limited Liability Company. You can prepare the legal paperwork and file it yourself, or use a professional legal service. The prices to forming a LLC can vary depending on the state which will charge some type of annual fee to maintain an LLC.

A Limited Liability Company also has an unlimited lifespan and ownership can be transferred to any person you wish.

If you have not already discovered what a LLC can do for you and your business there a number of available resources online you can explore. A lot of time and effort goes into developing a business and having the proper business structure can be critical for success.

Examples Of Marketing Plan

The best laid plans are the ones that have been strategically constructed to obtain optimal results. Online marketing, although more affordable than any other form of marketing, can become an expensive and disappointing activity if you do not know how, or you try to skirt away from the work of constructing a strategic internet marketing plan.

Strategic internet marketing plans require extensive research to find the top internet resources that are available for you to use in order to support your marketing efforts in a way that produces the greatest results. Finding and buying some or even a lot of the various resources that are available to you is one thing, but if you do not spend time to educate yourself on how they work, you are basically throwing your money away. It makes no sense to throw your hard earned money away using poorly constructed plans because you did not give yourself the opportunity to become educated about online marketing resources beforehand.

The construction of the strategic marketing plan begins with extensive research and also spending time educating yourself about the internet resources that you find, but this is by no means the full extent to which you will need to go in order to construct a strategic plan that has the greatest potential for you to achieve optimal results. Search engine optimization, targeting, and timing are also important elements that are needed for the construction of the most well planned marketing strategy. Professional input may be needed as well.

Search engine optimization is an important part of the strategic internet marketing plan. The The same principles of search engine optimization apply to both online marketing and the construction of your website. When researching online for more information about SEO as it pertains to internet marketing, you will find a lot of information listed under the category of SEM or search engine marketing.

Targeted and well timed marketing are also vital elements to the construction of the strategic internet plan. Briefly, targeted marketing is the purposeful directing of internet marketing to locations identified to contain the highest numbers of ready to buy consumers. Research is once again needed here to identify those internet locations for the highest results.

Well timed online marketing is done in two ways. Seasonal timing when online consumer purchases are up, holidays and graduations are examples of times when online purchasing increases. Spacing individual marketing efforts far enough apart so that no one targeted area becomes overly saturated with too much of the same advertising is another way that this is all done.

Targeting a large quantity of locations that you have identified as the best places for website marketing, versus only targeting a few can go a long way towards helping you to not make the mistake of overly saturating a location where you may find the majority of your customers come from.

A strategic online marketing plan may include securing the services of a professional. You may wish to see how well your own plan works before spending money to get the expertise of a professional, but if your website marketing plan is not producing the results that you desire, it may indeed be money well spent to hire a professional.

A rush job is neither a strategic plan, nor is it one having the potential for you to obtain optimal results. Take the time to do it right and you will reap more benefits because of the time you gave to constructing a truly strategic internet marketing plan.

Business Purchase Financing

When obtaining a business opportunity loan, borrowers will discover that many lenders simply do not provide business loans that do not include real estate as part of the business purchase. There are several other important business financing issues to analyze prior to buying a business without commercial property.

Interest in buying business opportunity investments has improved because of serious problems with residential real estate. However, because there are so many critical differences between financing residential real estate and business financing, it is important for potential business owners to educate themselves before proceeding.

In order to buy a business, a commercial borrower is likely to need business financing. If the business includes commercial real estate, the borrower will need a commercial mortgage. If the business purchase does not involve real estate, a business borrower must use a business opportunity loan.

Unfortunately the availability of business opportunity financing is more restricted than commercial real estate financing. There are also some potential limitations and problems unique to a business opportunity loan, and commercial borrowers should make every effort to avoid these business financing difficulties.

This summary is designed to address the unique business financing requirements involved when real estate is not involved. Our suggested approach to business opportunity financing is provided below.

Begin your business opportunity investment financing plans by formulating a realistic assessment of cash available for a down payment and desired maximum business purchase price. In most business financing scenarios, a total down payment approximating 20% to 25% of the purchase price is advisable. Usually seller financing is permissible for a portion of the down payment, but a potential buyer generally needs to plan on investing at least 10% of the purchase price from their own funds even if the seller is providing 15% or more.

Because Small Business Administration loans are essential for this kind of financing, you should explore whether you will in fact be able to qualify for these specialized business loans. This step is both important and somewhat complicated, and the involvement of an SBA loan expert is strongly advised. Among the issues to explore are whether collateral is available for SBA financing and how important refinancing is to your overall business opportunity financing process.

Determine the length of lease to be arranged in conjunction with buying the business. As noted previously, business opportunity financing and investing does not involve the purchase of commercial real estate, so arrangements must be made for a long-term lease. A ten-year maximum loan term is likely, and a shorter financing term will probably be required if the length of the lease is for less than ten years. In other words, with a seven-year lease, the commercial loan is likely to be for seven years, and even with a fifteen-year lease, the commercial financing will probably expire in ten years.

When buying a business, inquire about the possibility of including commercial real estate. With the inclusion of commercial property, you can obtain a longer business loan and the interest rate will be lower. However, improved business financing terms should not be the sole factor you look at, since the absence of a commercial mortgage can prove to be a significant advantage in a declining real estate market.

Discuss business finance options with a business opportunity loan expert before making any offers to buy a business investment. These discussions should include issues such as potential purchase price, down payment possibilities, seller financing, buyer credit scores, tax return requirements and collateral options.

Sales And Marketing Strategy

Every successful business started with a very good marketing strategy that made it more competitive with other businesses in its field. It does not mean that successful business shave more resources to start with. However, these businesses are the ones who knew how to maximize whatever resources they already have and used them to their advantage.

Marketing strategy is really all about considering the resources available to the company and then finding a way to make sue of these strategies in the most creative way possible. It is not so much about how much resources a business has at its disposal but how creative they can get to make the minimal resources they have to work for them.

Take a small grocery business faced with a bigger competitor. This grocery has to find a way to be more competitive given the minimum resources it has at its disposal compared to its competitor.

As a marketing strategy, the small grocery store offered additional value added services to its clients. It can be in the form of loyalty stubs that can be changed for some items after a while, free car cleaning or even free coffee for shoppers at certain periods. All these are marketing strategies that are aimed at making the small grocery more competitive in the neighbourhood.

A marketing strategy is a product of a good marketing plan that will give the framework as to how the strategy can be implemented. In this case, the management of the small grocery may have come up with a marketing plan detailing all the extra services that may be of interest to its clients. The marketing plan signifies the methods of implementing the said marketing strategy.

Some small business fear competing with bigger businesses with more capital. However, if a business has a very good product it can compete with its competitors provided it has prepared an effective marketing campaign or marketing strategy for its business.

A marketing strategy is usually based on a marketing goal. The strategy is implemented with the view of achieving something during a certain period. Each company can come up with different marketing strategies depending on the products or services they are dealing with.

Some companies that have lesser capital can find a niche and then concentrate on that niche. Its competitors may be looking at the general market and it cannot compete on that level due to limited resources. However the company can find a niche and then concentrate on this niche.

The popularity of the internet has produced a new generation of internet marketers who address their marketing to the e-market. This means the marketing strategies may be a little different from traditional marketing strategies since it is directed towards a different audience.

Internet marketing makes use of a lot of marketing tools like email marketing, website development, building of a massive opt-in list, online purchases, link backs and a lot of other methods.

A marketer can provide both online and traditional marketing strategies for a business. However, he should bear in mind that the aim of marketing is really to sell the business and to encourage the target market to look at the products or services, consider them as among his choices and then prioritizing such products and services when it is time to part with his money.

Starting A Loan Business

Starting a business in New York City needs right planning, determination and accurate resources to make your business smooth and flourishing. To know your weaknesses and strengths in business terms you must evaluate yourself and stand a business that not only suits to your requirements
but also gave you a sky of success. When a person goes to start a business in New York City, he has to follow the procedures and the laws set by the government. He cannot make their own rules and regulations beyond the set procedures.

Counseling is necessary:

Starting a business could be a hectic job for some as you need to understand some laws, apply for city licenses and keeping all things in budget, covers the cost of employees, make an eye on new technologies etc needs full concentration of yours, which sometimes make you wild, but you have to be calm and patient.

Before starting a business in New your city, it will be helpful if you take any assistance or guidance or counseling from the permitting agency, so that you must know the ups and flows of the business and you can deal with the right persons. In the counseling section, you will get all the
management and technical services that is really good to take before starting any business.

Some of other services they also include are:-

Redesigning of business plans
expressive new technologies
management reorganization
expansion into Internet commerce
marketing services
financial planning
entering international markets
training of new recruitments
organizational structures

Laws and procedures:

Starting a business in New York City requires a license and permits from federal, state, and local government to carry the specific business activities that are legal. Any individual, corporation, and partnership are allowed to do any legal business after the confirmation of all

above receipts. Many businesses are subject to licensing by one unit of government or another. Retail shops, taxi and moving services, theaters, bowling alleys, restaurants, plumbing and electrical contractors, auction houses and riding academies are just a few of the many diverse businesses covered by government regulations.

There are 36 state permitting agencies with over 1200 permits are assisting in New York city to give you full information on laws and procedures of starting a business in New York. For exact information on laws, you have to browse some websites and magazines so that you can get only the right. The website Governor’s Office of Regulatory Reform (GORR) also help you to know the terms of new and expanding business with New York State permits and licenses. The staff of skilled permit coordinators, backed by a computerized permit information system, can give you comprehensive information on all State permits and licenses.

Business can be any type, a small business, or a big business but in both, an owner desires for maximum profits so that he can expand their business to other areas. To evaluate compatibility, profitability, operating costs, and upcoming expenses, along with the potential behind the businesses man has to follow the right procedure and do only legal activity, this doesn’t allow him to add more and more clients but also give name and fame like other big business owners have.

Steps For A Business Plan

Business plans are essential while starting a new business and a well-drafted plan will pave the way to success of any business. Without a cohesive business plan your business is doomed from the start. Even companies with a product heavily in demand have gone out of business because of the lack of a good business plan. In an international business atmosphere the need for a well-drafted business plan is even more indispensable.

Steps involved in International Business Plan

1Write down the nature and scope of the business opportunity, why it has been selected, why a particular country has been selected, what the financial requirements are, what the risk assessment is, and what the expected return on investments may be.

2Write about the nature of the business, description of the business, corporate history, such as, its founders, milestones achieved and its products, processes, technology and services.

3Plan and procure the required licenses and permits, registering trademarks and patents etc.

4Decide on the size and location of the business premises needed. Then figure out the cost of the lease.

5Give a detailed description of the equipment you need. How old is this equipment and how often will it need to be repaired? Figure out the capacity of your equipment and any applicable leases.

6You should research the cost of the overheads, such as materials, equipment, labor, administration, marketing, sales, and leases.

7Calculate the number of employees needed. Research the skills required and educational level for each job. Now is a time to think about recruitment and training strategies.

8You must build a supplier network. Calculate the number of suppliers needed. Then research the location of prospective suppliers, their qualifications, and method of ordering. You must plan for processing, handling and shipping of orders, and insurance coverage.

9Studying the potential customers and creating a customer profile based on the research made about the categories, age, occupations, income level, spending pattern, etc.

10Write a list of the factors that influence purchase such as price, quality, features of the product, after sales service, and reliability of the product.

11Describe the product or the service you shall offer. What are the features that distinguish it from the competition? Is the product viable or can it become obsolete. Research how to improve the features and quality of the product.

12Analyze the current market in terms of value, volume and geographic distribution, demographic and social changes, and regulatory changes.

13Compile a marketing objective by studying the volume and market shares.

14Work out a pricing strategy.

15Plan methods on how you shall improve sales such as promotional offers. Do detailed research on sales tactics, promotional techniques to be used, how to manage internal and external sales staff, and the budget allocated for sales promotion.

16Study the Foreign Market and the Environment Thoroughly. If the business is to be started in a foreign country you must contact a local attorney to know about the legal aspects of starting a business in that country. You must research its political environment and stability, and the market available for the proposed product or service.

17If a loan is necessary, explore all options available and make an informed decision. Borrow only as much as can be repaid and formulate a plan to accelerate debt payoff. Plan carefully and prioritize expenses. Keep operating costs to a bare minimum until the debt is paid off.

The Inter-Net is a Big Help
There are lots of services and professionals available to help aspiring wannabe businessmen succeed. This includes assistance making plans, getting finances, starting the business and administering the business. A lot of this help can be found on the inter-net.

Start A Business Loan

Finalizing a Small Business Administration loan (SBA loan) and refinancing an SBA loan can frequently be among the most difficult commercial mortgage and business financing circumstances for a business finance or business real estate borrower. There are successful business loan strategies for both loan situations.

Are SBA Real Estate Mortgage Loan and Business Financing Programs Difficult?

There are usually two schools of thought about getting an SBA loan to buy a business or commercial real estate: (1) Avoid a Small Business Administration loan at all costs. (2) Use an SBA loan whenever possible. These conflicting viewpoints are due to a commercial mortgage business loan process that is perceived as complex and difficult by many commercial borrowers.

Despite the negative atmosphere surrounding the SBA loan process, it can be worth the time and effort for many borrowers. There are critical business financing and commercial real estate loan obstacles to avoid with a Small Business Administration loan, and there is only a small number of capable lenders in this demanding commercial mortgage and working capital area. It is vital for a successful SBA loan program to involve a real estate and business finance advisor that is skilled at this rigorous business loan system.

Is SBA Loan Refinancing Possible for a Real Estate Loan or Business Opportunity Financing?

SBA Loan refinancing for both real estate and business finance loans has usually been a very difficult proposition. New business loan programs have dramatically improved these Small Business Administration commercial mortgage refinancing restrictions, but the new refinancing options are not widely available.

Future planning for business financing can eliminate many SBA loan refinancing difficulties. If the original commercial real estate loan or business loan can be finalized without including an SBA loan, future business refinancing will be more viable. Borrowers should determine if the initial commercial mortgage truly must include a Small Business Administration loan.

Typical Business Finance Misperceptions with an SBA Loan

One of the prevailing views of an SBA loan program concerns the documentation needed to finish the commercial real estate mortgage requirements. The key to a successful Small Business Administration loan process is trusting the loan facilitator about what is required. What business borrowers should try to realize before becoming frustrated by the loan process is that any commercial loan process will include substantial paperwork whether an SBA loan is involved or not.

A more serious possibility for business borrowers is that they could end up with an SBA lender that is rarely successful in finalizing Small Business Administration loan applications. Judging the real estate loan and business opportunity financing process by looking at the frequency of both successful and timely outcomes for commercial borrowers, the harsh reality is that there appear to be far more ineffective SBA lenders than effective Small Business Administration lenders on a nationwide basis.

Commercial Mortgage Options – SBA Loan Alternatives for Real Estate and Business

The practicality of refinancing a commercial loan will be determined by the commercial borrower decisions when acquiring the original real estate mortgage or business financing. In obtaining a commercial loan to buy a business, non-SBA business loan possibilities should be evaluated along with the option of obtaining a Small Business Administration loan.

A conventional business loan and real estate mortgage might be more feasible than many borrowers realize. The possibility of refinancing either an SBA loan or conventional business financing will ultimately be more practical and successful when working with a skilled commercial mortgage advisor and commercial lender.

Copyright 1995-2007 AEX Commercial Financing Group and Stephen Bush. All Rights Reserved.

New Business Funding

When is there not a time when small business owners need cash for advertising, inventory, marketing, expansion and even for start-up costs? And when asked, most business owners feel their only resources for funding were local banks and credit unions.

Now this was not said in a way to imply that one should not seek financing from a local financial institution. However, I must stress that most local banks usually want a business loan to be collateralized with personal assets such as a home or land. If know this from experience.

It’s very important for business owners to understand that you must take a proactive attitude about developing banking relationships in today’s financial community. One very good reason for this is that it is much easier to obtain small business financing than compared to personal loans.

Then you have to carefully consider the type of business funding you will attempt to attract. For example, getting unsecured business credit lines would be ideal for your business now and into the future. The biggest advantage to this type of loan is no personal credit or collateral is required.

It is vitally important to remind business owners to consider the need to protect your personal assets and your ability to minimize frivilous lawsuits that could wipe you out financially in the blink of an eye.

An experienced small business consultant can be of tremendous help in establishing your corporate identity and unsecured credit lines which in turn will free your time in dealing with more important day-to-day operations.

Here is a brief summary of important areas to re-consider now that can undoubtedly have a huge favorable impact in your company’s financial outlook.

1. Limited-Liability Corporation (LLC) – If you do not currently have a LLC entity set up, I would strongly encourage you to do so. Although not an attorney, I have personally witnessed personal assets frozen and seized when business owners are faced with litigation. Due to endless research, I have come to the conclusion that having a LLC can better protect your assets and estate in the untimely event you are sued.

2. Shelf Corporations or Aged Corporations – These are corporations that have been around for 2 years or longer that are in good standing with your State government. These corporations can dratistically improve your ability to obtain small business loans and unsecured credit lines since many banks will not consider financing to businesses with less than 2 years of existence.

3. Physical Street Address – If you are going to play with the “big boys” you must play like the big boys. You must have a physical street address and not a P.O. Box if you want to establish a solid business credit history. You must also have a phone number that directory assistance can list.

The bottom line is this: You must have your proverbial “ducks in a row” when steering your business down the road of expansion and profitability. Seek expert assistance and then act upon the professional advice given to you. This will make any type of business financing much easier to attain.

Starting Small Business Loans

Those who have tried starting their own business in the past know exactly which the main obstacle for any business project is: Lack of Finance. The inability to obtain the needed funds to establish a new business can be overcome by knowing beforehand what the lenders expect from you and what options you have to get the funding you need.

It is essential to understand which are the loan requirements needed for successful qualification and which loan sources are the most advantageous for starting a business. The knowledge of the different business loan types will also contribute to boosting your chances of getting approved for a business loan with the best terms you can obtain in the loan market.

Starting Business Loans

Business loans for starting businesses are specially designed for those who have a business project on mind and need funds to get the company running. The financial assistance includes all the necessary funds for legal procedures, equipment purchasing, hiring personnel, buying provisions, etc.

Starting business loans differ from running business loans in the fact that the loan is granted under the head of a person or group instead of a company. Thus, the requirements must be met by the one who wants to start the new business. This implies that personal income and credit requirements will be taken into account for loan approval.

Loan Qualification

Qualifying for a starting business loan is not that easy. Apart from the usual requirements that have to do with credit and income, you will have to show proof to the lender that your project is feasible and that your business will be making money soon enough to start repaying your debt when the first installment is due.

This is usually proved by market and business project analysis from lender’s sources or from third parties. However, you will be required to present a business plan with budgeting, costs, expenses, etc. Thus, you should have this information prepared to quickly offer any documentation that you might be required to present to the loan consulters.

As regards to credit and income, you will need to prove that you are willing to repay the loan and that you have honored your obligations in the past. Moreover, you will be required to show that you have alternative sources of income in case the company does not start generating income on time and the installments are due before you can repay them with the business’ cash flow.

Subsidized Loans

Subsidized loans are loans that feature a promotional interest rate because either the government or a private institution is paying for a proportion of the loan costs. The idea is that the subsidizer wants certain areas of the economy to develop or certain products to be available to the public and thus, takes care of the lender’s costs and risks so as to offer financing at very competitive rates.

Many government agencies are offering business loans with subsidized interest rates to promote certain activities in particular geographic areas or for particular products. If you want to learn more about this subject you can consult the government agencies’ web sites for detailed information on their current programs.

How To Write A Restaurant Business Plan

If you’re in the hospitality business, you’re always looking to fill your hotel, conference center, restaurant or tour with new clients who will take advantage of all the amenities and services you have to offer. Hospitality businesses of all sizes want to sell room space and seats to prospective guests. If your hotel includes meeting rooms or conference facilities as well as guest rooms, then you also want to market to groups looking for venues for meetings, conferences, parties, and other large gatherings. If your restaurant also caters events your market will be expanded. If you offer tours you can market yourself as a corporate retreat destination.

Odds are that you have a lot of competition in your area and you cannot rely on clients finding you in the phone book or on the Internet. So, how do you persuade those new guests to book with you or land that contract to host the big convention? After you have identified the prospective clients you want to do business with, you need to write a proposal for them.

Don’t panic. Creating a business proposal doesn’t have to be a formidable task. Simply put, you want to introduce yourself, highlight your venues and services, explain your costs, and help your prospective clients understand that you are the right choice for their special event or visit. That doesn’t sound so intimidating, does it? And you don’t have to start by staring at a blank page on your computer. Using pre-designed templates and gleaning ideas from similar proposals will give you a head start on writing a winning proposal.

Inexperienced proposal writers sometimes make the mistake of sending out a form letter along with a brochure or a list of services and prices. Don’t do that. A standard brochure or price list will never substitute for a real proposal. The goal of a proposal is to persuade potential clients to give you their business. To succeed at that goal, you need to gain the clients’ trust and convince them that you can deliver exactly what they are looking for.

As a general rule, your first step in preparing to write any kind of proposal should be to gather information about your prospective client. That’s because you want to present a proposal tailored to that client’s specific needs. Yes, gathering the information might be a bit of work, but putting in that effort makes your proposal more likely to succeed. Nobody likes to receive a form letter; all clients are much more likely to accept a proposal tailored just for them.

Once you have collected some basic facts about your potential client, writing the proposal will be a fairly straightforward process. That’s because all proposals follow a similar structure: first comes the introduction, then a summary of the client’s needs, followed by descriptions of the goods or services offered, as well as details and costs. The conclusion of a proposal should be all the relevant information that helps promote your company, such as your staff’s experience, credentials, and capabilities.

For the introduction section, you’ll start out with a Cover Letter and a Title Page. Keep the Cover Letter brief: simply write a personal introduction and provide your contact information. The Title Page should be just what it sounds like: a title that introduces your proposal and provides a clear message about the project or scope of services you are pitching. Some examples might be “Proposal to Host the Science Education Conference”, “Proposed Venue and Services for the September Investigators Seminar”, “Eco Tour Packages for your Retreat”, or “Hosting Plan for the Benson Wedding Guests.”

After the Cover Letter and the Title Page, add topic pages to show that you understand the needs of your client. Depending on how large or complex your proposal is, you may or may not need to precede the detailed pages with a brief summary—a page or two with statements of your most important points. For corporate clients, this summary is called an Executive Summary; in a less formal proposal, it’s often called a Client Summary. After the summary, you’ll flesh out this client-centered section by describing the needs of the prospective client and demonstrating your understanding of that client’s requirements, goals, and desires. Be sure to mention any restrictions or limitations you are aware of, such as budgets or accessibility requirements. This is not yet the place to talk about what you want to offer. This section should be all about the client.

After the client-centered section, it’s your turn to describe how you can satisfy the client’s needs and desires. You’ll add pages about your hotel, tours, packages, destinations, services, and costs, with titles like Facilities, Tours, Destinations, Activities, Schedule of Events, Services Provided, and Cost Summary or Discounts. Include all the topics you need to describe exactly what you propose to provide and how much your services will cost. For example, you might need specialized pages to describe aspects like Amenities, Recreation, Accommodations, Venue, Events, Conferences, Special Needs, Accessibility, Equipment, Transportation, Map, and so forth. Finally, at the end of this all-about-you section, you will persuade your client that you are the best choice for the job by adding pages like About Us / Company History, Capabilities, Our Clients, References, Credentials, Awards, and Testimonials. Your goal here is to close by convincing your client that you can be trusted to deliver everything you’ve proposed.

After you have all the text written for your proposal, spend some time making your proposal visually appealing. Incorporate your company logo. Consider using colored borders, or selecting custom bullet points and fonts that match your business style.

After you feel your proposal is complete, proofread and spell-check every page. It’s a good idea to enlist someone who is unfamiliar with your proposal to do a final proof, because it’s easy to overlook mistakes in your own work.

Save your final proposal in a PDF file or print it, and then deliver it. The best delivery method will depend on your relationship with your prospective client. It’s common to email PDF files to clients nowadays; however, a nicely printed, signed and hand-delivered proposal might be more impressive, because it shows you value that potential client enough to expend some extra effort.

To sum up, the specialized topics in a hospitality sales proposal will differ, depending on your goal, your prospective clients’ needs, and on what you propose to offer them.

The good news is that all sales proposals follow a similar format and structure, and you can find all the templates (and contracts) you need in a proposal kit. Use templates that contain explanations of what those particular pages should include, and they will guide you in writing and formatting appropriate information for your proposal sections. Also use packages that contain a wide variety of sample proposals that will give you great ideas and give you a jump start on writing your own winning proposal.

Business Plan Articles

Did you take some time this past week to think about your resolutions for 2008? (I bet you have!)

Resolutions create energy and promise. However, if we just have a list of goals and “things” we would like to accomplish with no “action plan”, those under- achieved resolutions can end up making us downright depressed!

This year, are you willing to try something different when setting your business goals for 2008? You can create what I call Your Simple Business Plan by following through the 7 easy steps I will outline for you.

Your Simple Business Plan will include just 4 goals that you want to achieve in your business within the next year. 4 goals may not seem like a lot, but, believe me; it’s probably more than enough with everything else you have going on in your life! (Your Simple Business Plan is a 1-year plan that is actually part of a much larger strategic plan you have for your business.)

Oh, one more thought, resolutions aren’t only about your business and career; I’m sure you’ll be thinking about goals for your personal life, as well. Before you develop Your Simple Business Plan, take a few minutes to think about how well your overall life is balanced, and set personal goals, as well as business goals.

Following are the 7 steps you can take to measure your life balance, and create Your Simple Business Plan:

1. Measure Your Life Balance

Before you develop a vision for your business over the next year, consider this:

Your business should support and help you achieve your life vision, and goals. If you set only business- related goals, you decrease your odds of having a well-balanced, happy life, and achieving those business goals!

Before you move on to Step 2, I first encourage you to measure your life balance. The life areas to measure are your; financial situation and career; social and cultural situations; spirituality and ethics; family and home; mental and educational levels; and physical well-being and health.

Use The Wheel of Life to measure your degree of satisfaction in the different areas of your life. On a scale of 1 to 10 (where 1 is low and 10 is high), ask yourself how satisfied you are with the different life areas on the wheel. You may find some other goals you want to work on besides your business goals, to help you create the life vision you desire.

You see, this is why having 4 business goals is more than enough to work on achieving, because it’s not ALL you are going to do in 2008 to have a happy, well- balanced life!

2. Create Your 1-Year Business Vision.

Great job completing The Wheel of Life! You’re now ready to create your 1-Year Business Vision.

One of my favorite exercises is creating an exciting and vivid vision of what I want my business to look like over the next year. Let your imagination run wild and type away, making sure you record EVERY thought, dream, and direction you want your business to take. Dare yourself to dream and “think big”.

3. Review Last Year’s Business Goals.

Before establishing your 2008 goals, review your 2007 business goals. Did you achieve what you set out to do? If so, congratulations! If not, are those goals still relevant? Acknowledge the progress you’ve made, but, don’t lament over the goals you did not reach. Move forward with your new or revised goals for the future.

4. Choose a Theme.

Usually from the 1-year vision exercise, a theme (or themes) will emerge about what seems right to focus on over the next year. It may be relationship building, product development, or implementing a new marketing plan to grow your business.

Choose a theme (or themes) that you will focus your goals on achieving. (Choose no more than two themes!)

5. Choose 4 Goals to Focus on Within Your Theme (s).

Choose one goal that follows the overarching theme (s) to work on each quarter. For example, if your theme is ‘increase market awareness’, your first quarter goal may be to ‘add 25 new business referral contacts to your business referral list’. Your second quarter goal may be to ‘publish 12 articles online’ or do a Podcast. Develop additional goals for quarters three and four.

6. Break Down each Quarterly Goal into Monthly, Weekly, and Daily Tasks

Now that you know what you want to focus on each quarter, figure out what you need to do each month, week, and day of that quarter to reach your goal. This is your action plan!

A good idea is to treat each goal as a project. Make a list of all the tasks you must accomplish to reach your goal. Buy a notebook with inside pockets or a clear front cover. Put your task list inside the front cover pocket. Keep all your working papers, articles, and resources you need to accomplish your goal in this ONE notebook. As you complete tasks, check them off your list so you can see and gauge your progress.

WARNING: Most people skip this step after they develop their goals. If you break your elephant goal into baby steps, I can guarantee reaching your goals will be easier!

7. Get support

Buddy up with a colleague or hire a coach to keep you on track and moving forward. Check in at least once a week with each other to ensure forward progress, and celebrate your victories!

If you follow the 7 steps, I have outlined for you, by this time next year, you will be astounded, and elated at the goals you’ve accomplished with Your Simple Business Plan!

Copyright 2007 Bonita L. Richter and Profit Strategies.

Business Help


It is no doubt that investments are what will propel your life forward. In your quest to be successful, you will need a mentor to help you. This is because you will need to make right decisions all the time. This article therefore is to highlight the importance of business coach San Diego for your organization. By the end of the article, you will realize the benefits of the employing one in your organization.

Challenges are bound to occur in any investment. In fact it is likely that you may give up before arriving at your final destination. The mentor therefore reminds you on where you need to go. This makes it easy for you to continue working towards achieving your vision. This means that you will always get energy to continue working and moving forward. This will contribute greatly towards your achievement of the final goals.

It is no doubt you need someone to teach you in the journey of investment. If you do not get right information, you are likely to make poor decisions. The mentor is someone that has gone through most of the challenges that the firm is likely to face. A mentor therefore teaches you to stand firm and make right decisions. This means you will reduce mistakes during the journey thus reducing the time in which you are going to achieve your objectives.

The morale of your employee is something that must be kept high at all times. In fact it is the morale that will make your employee work hard. Your mentor therefore motivates your staff to work hard. This is by implementing some of the strategies that make employees happy at your organization. This means that your employees will work hard in order to fulfill the objectives of a company.

If you are hiring a new employee, it is possible that the new catch does not understand the objectives of an organization. A mentor therefore helps the new employee understand the objectives of an organization thus enhancing effective service delivery. A mentor also teaches the new employee the expectations of a company from him or her. This ensures the employee works hard so as to meet the preset objectives.

The growth of your business is part the your long-term goals. It is very important to make right decisions so as to sustain the growth even as you move towards maturity. The mentor has got skills and relevant experience in the industry to help you grow in the investment industry. This will help you grow consistently towards the maturity.

Accountability keeps you on toes all the time. It enables you to work towards achieving the vision and the goals of your organization. When you employ a mentor for your organization, it is easy to be accountable. This is because you know that there is someone you answer to. This will make it easy for you to work hard, reduce mistakes and achieve the goals.

The advantages of a business coach San Diego are numerous. In order to enjoy the benefits, it is important to employ the best. The best mentor will ensure that you get the best. That is why you need to look at qualifications, reputation and successes on the past assignment.

How To Do A Marketing Plan

Concept of Service
The current work deals with marketing offer of e-commerce service. It highlights the essential steps of marketing of a brand-new firm offering services of website construction, design, programming, development, and promotion. The service should be provided exclusively online via the site of the company. Online business operations include ordering, agreement on requirements, elaboration of design, and providing constant customer support.
The service implementation process should include the following stages:
-Defining goals of the site. This may include either physical meeting or discussion of the product in question via Internet.
-Developing the website structure. This stage is aimed at flashing out technical aspects of the site. It should include definition of necessary technology, type and specifications of site navigation.
-Website design and built. Developing layout and graphics of the site. This may include elaborating the company’s genuine creative approach in developing the graphic looks of the order, or complying with the requirements presented by the customer as to general look of the project.
-Website programming and built. This stage depends on details of each specific project and definite requirements posed as to the quality and level of the site. Also, this process varies according to the kind of customer and destination of the site contemplated. All features of the site are subject to examination and test by both company’s specialist and customer.
-Technical release of the site. Once technical aspects of the project finished, the customer should be provided with free consultation along with further site marketing and promotion services, techniques, and practical advice.
-Ongoing site maintenance. This is the stage when the job of creating the customer’s site is finished. But the company guarantees keeping all its sites current in terms of graphics, technology, navigation and usability. After release of the site, the company continues working with the customer as to establishing a schedule for the website regular review and maintenance to meet clients’ requests, accommodate users’ feedbacks, incorporating new system updates and new technologies.

It is a fact that the idea of the internet-commerce of this type is not brand-new, and for a new company to enter the market and receive profit out of its business, it is necessary to invent some novel elements in the service offered. The innovative elements that this project contains compared to large variety of competitors functioning on IT e-commerce market are based on combination of cost leadership and differentiation generic strategies (according to M. Porter, [1]). Therefore, the project is launched in B2C format, though there can be differentiation of customers and hence differentiation of the level and variety of services offered to each individual customer, and the project is for-profit, small business case. This new business is intended to compete with both large business providers of site development services and small business representatives dealing with this issue.
Another unique feature of the project is wide variety of services included in one business offer. This includes: web-design, redesign of existing site, possibility of working with many programming languages, site management, allocation in search engines, animation, free hosting offer, email registration, web mail and POP3 access, ftp access, tools for web statistics, domain name registration, other services like full life website consulting, flash animation creation, elaboration of graphic and logo design, e-commerce and shopping carts, site management, administering and maintenance, banner ads, marketing, engine position enhancing and promotions, search engine optimization, software testing and even online training.
Industry Overview
The industry of e-commerce is one of the fastest and most dynamically developing industries worldwide. Today it is quite difficult to accurately define the impact of the Internet on commerce in exact figures, but according to the estimates by 2000 there were about 260 million Internet users worldwide and by mid 2003 their number has grown more than twice and reached 580 millions. By 2005, their number is estimated to reach more than 770 million.
These figures show that the Internet has become very important and significant business medium through which buyers and sellers not only conduct transactions that were earlier conducted live, but carry out online-specific business buy-and-sell operations. Only three years ago, in the first three quarters of 2002, according to the figures of Department of Commerce [3], e-commerce transactions amounted to more than 20 billion dollars. It should be taken into account that those numbers are significantly lower than the amount of actual real transactions.
Today, e-commerce is booming. Market size of e-commerce has reached immense volumes. Moreover, this growth tends to accelerate. While in 2002 total volume of retail American e-commerce sales was fixed at $44 billion, one year later it increased to 56 billion. Then, in 2003, online sales made only 1.6 of total sales, providing the ground to suggest that there is very large growth potential. Online sales are predicted to rise to 2.9% by the year of 2007. Thus, Internet economy force became more integral part of the entire US economy than it has ever been. Research conducted by the Cisco Systems (available at [2]) shows that the Web is transforming the way people work and the revenue from Internet transactions annually grows by more than 50 percent.
Jupiter Research [4] reports that American B2B Internet commerce rates increased noticeably over the past 5 years and amount from $336 billion in 2000 to $ 6.3 trillion in 2005. Jupiter mentions five industries that have more than half of all buying and selling operations online. These are: aerospace and defense, chemicals, electronics, motor vehicle and parts, and computer and communications equipment and software. Among these industries, computer and communications equipment and software is leading with estimated number of online sales in this 2005 year reaching to $1 trillion.
That is very important for the current study since the project in question is to be launched in computer and communications industry. Therefore, proceeding from the trends mentioned in the industry of electronic commerce, one can assume that the direction of one’s business connected to online service and e-commerce, notwithstanding powerful competition, has all the chances to further develop and gain success since this market sector is subject to enhancement, development and transformation. Since the number of Internet users is growing and the number of companies willing to be represented on the Web is increasing along with the number of companies launching online business, there is very high and further increasing demand in providing programming, design, site development and marketing services. Therefore, a new firm in the industry theoretically has solid opportunities to enter the market, whatever saturated it may be, and successfully develop. On the basis of abovementioned, the outline of relevant business target market gets clearly seen.
Target Market
The target market of the project is very vast one. It varies from individuals with the minimum requirements as to functionality, appearance and program possibilities of the site, to large companies with more solid and expensive orders. Since there are very different kinds of customers with various interests and needs, each requiring different approach and professional level of performance, they should be segmented into distinct groups. By segmenting the customers, the company increases its chances on success.
The customers were divided according to the level of the desired product complexity. After such criterion, three levels can be distinguished: those requiring basic site development; intermediate level, and sophisticated one. Basic level implies comparatively low cost of services and is fine for individual customers, non-professional companies specializing, for example, in online selling of a small range of products. According to its name, this solution anticipates limited functionality, simple design, and quick implementation of the order.
Second group of customers comprises those with intermediate level orders. Such sites should include…

Steps To A Business Plan

So, you need a business plan? You may be an aspiring entrepreneur, an experienced business owner, or anyone in between. There is an amazing array of situations in which a business plan would prove to be a useful tool in the day to day operation of your business. The fact is, in achieving success in your business, you will very likely find a good business plan is a necessity.

A business plan is a tool. The primary purpose in most circumstances, is to define the goals of the business, describe a series of steps that will be taken to reach those goals, and to convince the audience that the business will reach them. Commonly, it is used to attract investors, but investors are not the only possible audience. It can be used within the business to make employees aware of the goals–financial goals, service goals and others–of the business or their specific department. They can serve as motivation, inspiration and a reminder to employees, company officers, investors and the community where the business is going and what it hopes to accomplish.

A business plan has a purpose and its content is largely driven by its audience. The plan must be detailed and thorough, whatever its motives. It must be intriguing enough to catch the reader’s attention and engaging enough to hold on to that attention. And lastly, it must use concise language appropriate to its audience, above all, it must be convincing.

Your business plan is not a document for you to struggle with, do your best on and hope you get it right. Given its critical importance, it makes sense to have it done right–the first time. If it fails in its mission to convince, you may not get another chance with the same audience. The following are some critical areas that your business plan should cover:

Executive Summary

Your business plan should contain an executive summary. An executive Summary is one of the most important aspects of your plan. It includes an overall summary of your business and should be strong enough to grab the attention of potential investors or business partners. Moreover, it should include a summary of your financial goals including your funding requirements. Also, included in the Executive Summary is a list of the products and services that you’re planning to offer. It should also include an analysis of your competition including their strengths and weaknesses.

Financial Information

Your plan should also contain extensive financial information. In the financial information, you will want to include your startup costs as well as any funding that you will be need. Also included will be financial projections that give a snapshot of what your business will look like at certain periods in the future.

Supporting Documents

As supporting information, you may also want to submit additional documents such as credit reports, letters of references, bank references and any other supporting information that may prove relevant to your goals.

Non Profit Business Loans

Non profit debt consolidation companies are the ones that take over the reins of handling your debts, and relieve you of the pressure of various creditors. A load of newspapers and online advertisements tell you about various debt consolidation companies. They combine your debts and enable you to pay in easy installments. Though liberators of debts, these companies at times end up fleecing their customers. The general advice is to look for the ones, which really take care of your woes.

A well known finance website once received a complaint that its two months payment totaling 1200 Dollars to a non profit debt consolidation company had not reached the hands of the respective creditors. The company was asked to furnish details. Complaints of these companies to the Better Business Bureau have proved that a large portion of the money is legally spent on salaries of the executive and maintenance. On the face of it, not all non profit consolidation companies have a negative attitude of working. It is with a few that you have to be careful while dealing and take necessary precautions.

Projected plans of non profit debt consolidation companies can, at times, be set aside, provided the customer makes some efforts in negotiations with the creditors themselves. Expecting no miracles to happen to reduce their debt liabilities immediately, they would have to haggle with the creditors in settling their loans. This can pave the way to settle dues up to 50 percent with your credit card company and Account Settled can keep them off your back. You can rebuild your credit over a period and increase your credit score through free debt consolidation.

Proper negotiations can at times convert a bad credit listing to a good one by you paying a substantial amount of the dues owed to the executive of the credit card company. You may not pay, if negotiations do not fall in place, which is a bad option. Facing the creditors would be an unpleasant experience, but would be better than filing for bankruptcy. Chances of a judgment against you are often very low if your negotiation efforts are apparent, even if the card company takes legal refuge.

Learning the details of these non profit debt consolidation companies, and dealing with them can be fruitful, only if you make some effort on your own to search out the right company for yourself. Take the help of these debt consolidation companies only if the need arises.

Where To Market Your Business

One of the main things that you want to think about when you start up a home business, and finding room for your business is a huge part of it. A home business is going to be just that – you are working at home. And unless you have a lot of money and can afford to have a place that is set aside for your home business, you want to think very carefully about how you can have your home business and your home at the same time.

It is not something that is impossible, no matter what you might think. In fact, having a home business in your home might be easier than going to work each day, as long as you do it right.

The first thing that you need is space. It is simply great if you can afford to have a room in your home that is only used for your home business, but if you can’t, don’t fret about it. There are still going to be lots of ways that you will be able to have a home business. First of all, you have to think about the needs of your business. Do you have a business where you simply do work at your computer – work that can be done with just a computer and some storage space for files? If this is the case, it is very easy to set aside some space in a room to have a computer. Remember though, it is going to benefit you if you are able to have a computer that is only for the business. This is especially important if you have children who are going to be using the family computer. It will always be better if you are able to have a separate place to store all of your files and your work items.

If you need more than just a computer for space, you are going to have to be a little bit creative. There are many things that you can do if this is the situation. First, remember that you are going to have to make decisions based on what you have to work with. If you have lots of product that you have to keep, you are going to have to make storage space so you can have enough room for your product. This can be anywhere, as long as it is safe and secure and you can keep it out of the way of the rest of your life.

The trick to maintaining a home business and your home at the same time is to make sure that there are distinctions. If you need to use a big table, try to set one up in an unobtrusive place – don’t simply use your dining room table just because it is there.