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.

Small Business Loan Administration

Small business bad loan credit is meticulously designed for borrowers suffering from adverse credit rating. It is available in two forms viz. secured or unsecured. While availing such a loan is not easy, the online option gives you the chance to access the loan easily as numerous lenders compete amongst themselves to give away such loans. Some reach the zenith of business world without any hassle where as some may have to face many obstacles in the process. Amongst those obstacles having finance in hand is a major concern. A bad decision on your part to avail a finance to cover your business needs may become a burden in future. But, with this financial aid available in the UK, you can easily avail finances for such business units in debt.
Business units with CCJs, IVAs, defaults, arrears or bankruptcy charges are eligible to apply for this loan. The finance supports the business unit when there is no hope for help from other quarters. Availing the loan amount is easy, as one just need to apply online for the loan. Online application helps to get the loan sanctioned within a quick span of time. Importantly, it is always advised that the borrower have an ideal plan in place before applying for the loan. It is important to make an assessment about financial projection of the business plan. While applying for it a borrower is also required to give presentation on the business plan. There are numerous lenders available online to offer this loan. So, online research is a must to avail the most beneficial finance option. A borrower may also join online forum or groups to avail information on these loans online.
However, before availing the loan it is advisable for you to go through the terms and conditions proposed by the lenders. Accept the loan quote only if you think the terms and conditions are favorable for you else seek some other source.

Business Planning Guide

Business planning is one of the most important steps towards building a successful startup business, and you can use some specific strategies to create a comprehensive outline. An effective business plan will help you determine your goals and help you organize all of your small business ideas with ease. If you’ve ever been stuck with too many ideas and not knowing where to start, business planning will help take the pressure off. Understanding the business planning process is important for creating something that works, and something that will help you reach your goals. Launching your small business startup is much easier with a clear, step-by-step outline; here’s what you need to know:

Step 1: Organize your table of contents. This will help you outline each area of your business to include your mission statement, products and services, number of employees, and any basic market research information.

Step 2: Collect attachments and appendix materials. These are especially important if your business plan will be reviewed by potential investors or business partners, and can also help with your online business planning strategy.

Step 3: Create a list of key topics and sections. Not only will this create a cohesive document, but you’ll also be able to jumpstart your business planning process with a clear ‘map’ or guide of all your strategies. This list is especially helpful if you’re not sure where to begin, since you can just put each item down on paper and organize it accordingly.

Step 4: Assign projects and tasks for each area. This is an effective business planning strategy as it helps you break down each goal into actions steps. Assigning tasks and objectives in this way makes it much easier to stay on track during each step.

Step 5: Check for grammar, spelling, and even factual errors. Making sure your plan and notes are clear of mistakes is especially important if you’ll be presenting it to others. Doing a quick check will also help you determine if you missed any pieces of critical information and help you fine tune the final draft.

Step 6: Write up an executive summary for your small business startup. This is an important step for all business owners, and can help you pull together the entire plan in a few short pages. Many business owners turn to this summary when they need a briefing on objectives during the course of business, and you can include basic points and topics as if you were presenting it to a board or audience.

Step 7: Get an outsider’s perspective. While you need to keep your business planning strategy and ideas as confidential as possible, sharing your plan with a trustworthy person can help you catch a few key elements of your project. Get an objective view of your plan and notes so you have everything in well-organized and presented in a logical way.

Business planning doesn’t have to be difficult, but many startup business owners are intimidated by the process. Take the time to organize the critical areas of your business and put them in a logical order. Then, break them down into specific objectives and tasks so you have a strong idea of how you can be successful in each area. The time and effort you put into business planning will pay off for the long run, and help you launch your small business startup with success.

Start A Corporation

It’s Extremely Difficult for Anyone to Pierce Your Nevada State Corporate Veil

When you form a corporation, whether it’s in Nevada, California, Texas or wherever, you must follow certain corporate formalities. Remember, a nevada state corporation can do everything you can do except act or think, so it does those things through your board of directors, officers and shareholders. If your corporation does not keep accurate records of meetings by minutes, and if the corporation commingles funds, it makes it easier for someone to pierce your corporate veil if the corporation is involved in a lawsuit.

Low capitalization is another reason why corporate veils get pierced. In some states, like California, we recommend that you capitalize your corporation with at least $1,000. If you don’t, it’s easier for someone to prove that you are simply the alter ego of the nevada state corporation (one and the same as the corporation), and then pierce your corporate veil! How does Nevada feel about this? Nevada is called a “thin capital state,” meaning you can form a corporation in Nevada for as little as $100. Also, Nevada has a certain attitude about piercing the corporate veil, which is why major corporations domicile in Nevada. Let’s explain.

The Nevada State Test – Trying to Pierce the Corporate Veil

First, in Nevada, anyone trying to sue you must pass a three-prong test. They must prove all three parts to pierce your corporate veil:
The corporation must be influenced and governed by the person asserted to be the alter ego.

There must be such unity of interest and ownership that one is inseparable from the other.

The facts must be such that adherence to the corporate fiction of a separate entity would, under the circumstances, sanction fraud or promote injustice.

The burden of proof for all three “general requirements” is on the plaintiff who is seeking to pierce the veil, and a failure to prove any of the three will result in your veil not being pierced! Essentially, Nevada says that unless they can prove fraud, your corporate veil will not be pierced. That is awesome protection.

Nevada State Corporation – Case In Point

The landmark case that proves this point is the case of Roland vs. Lepire (1983). We recommend that you keep accurate corporate records to protect your corporate veil, and make sure you have adequate capitalization as well. In Roland, the corporation had a negative net worth at the time of the trial so it was clear it was inadequately capitalized. On top of that, the corporation never held formal directors or shareholders meetings, never started or kept a corporate minute book, never paid dividends, and did not pay salaries to the officers or directors. On the other hand, the corporation managed to secure a corporate checking account, as well as a general contractor’s license and a framing contractor’s license, “both in its name”.

What happened? The court concluded that, “Although the evidence does show that the corporation was undercapitalized and that there was little existence separate and apart from [the two key shareholders]evidence was insufficient to support a finding that appellants were the alter ego of the corporation.” The Nevada Supreme Court has made clear that unless the plaintiff acting against you is able to meet the burden of proving that “the financial setup of your corporation is only a sham and caused an injustice, ” your veil is unlikely to be pierced.

The Nevada state corporation appears as an “Iron Fortress” to creditors. In fact, the corporate veil has only been pierced two times in Nevada in the last 23 years! And that was a case where the corporation was actually doing business in Nevada and had committed fraud against a Nevada resident.

Startup Loans For Small Businesses

To give you an example and discuss a few of the myths that cloud the concept of starting a small business. Let us go over the most common myths that typically surround the small business owner and discuss their merits and the facts in each instance. In short many of the things you will hear and run into are not facts – they are urban legends, misconceptions about starting a business that have been repeated so often now that many people believe them to be true even when they ought to know better. In many cases as with the -SBA has money to loan- myth there is a kernel of truth once you get past the misconceptionsrnrn* There is free money available to help you start your businessrnrnIf something sounds too good to be true it not only probably is I can guarantee you it is! Our government only gives away money to foreign interests with whom they feel they can buy loyalty or concessions – not to their citizens. While it may be true that some state governments have policies in place to help people such as veterans, minorities or people with disabilities those special programs have very specific requirements that you have to meet before you are eligible. If someone claims otherwise, especially if they want to charge you a fee for a ‘list of lenders and free grant providers’ run do not walk away from them!rnrnThe Small Business Administration has millions of dollars of money available to loan directly to small businessrnrnThe SBA is an independent agency of the executive branch of the federal government, and the government is not in the habit of giving anything away. That includes loans, believe it or not! The SBA is a great resource for small businesses, and does act as a guarantor for one of three different loan programs that can be of use to the small business owner, but they themselves do not provide or arrange for the loans.rnrnThe three loans they act as guarantors for include the Seven-A (7a), the Five-O-Four (504) and the Seven-M (7m) or micro-loan as it is known. Details about these different loans which the SBA will guarantee and oversee compliance with for small businesses are not in the scope of this article.rnrnWhat the SBA does in these types on situations is to help arrange financing through various lending partners including local banks and nonprofit corporations and to oversee compliance on the part of the small business with the loan terms, thus assuring to the lenders that the loan will be repaid.rnrn* People are lining up to loan money to startup companiesrnrnVenture capitalists DO exist, and while in some cases they have been known to finance startup companies that is not what they principally do, nor would it be wise to do so. Since a venture capitalist entire purpose of investing into a company is to make money and more then half of the startup companies created every year go belly-up just leaving that money in the bank earning 5 related to your business endeavors even if they are used in relation to the business as well as your personal life. The best rule of thumb is to ask yourself whether or not you would still have this expense (say your car for instance) if you were not running the small business, and if so in any form or fashion then it is not a legitimate write-off.rnrnSome common write-offs which are normally allowable include any computer and business software, rent, salaries and monies paid to independent contractors, advertising costs and even a percentage of vehicle costs if its use can be tied to the business in question. In some cases strict rules apply, such as whether you use the computer for personal use as well as business etc. so checking the law first is a good idea!rnrn* The right business sells itself and doesn’t need a marketing or business plan to succeedrnrnThis is very common now in the post ‘dot-com’ era, but remember folks there is a reason it’s the “post” dot-com era and not the dot-com boom. There is simply no substitute for a valid business plan and understanding what is necessary to sell your product or service to the public. Anyone trying to tell you something otherwise is likely selling something he wants you to buy from him right now before you go broke and give up the idea of starting your own business! A related myth is that if you aren’t getting a loan or looking for investors you don’t really need a business plan. While business plans are necessary to get investors the purpose is not that but to ensure you understand what it will take to be successful, and that you have a linear outline for how to achieve those goals.rnrnSummaryrnrnSo now hopefully you see the type of information and assistance considered in business startups – a little hope in the midst of all the hype out there. Remember as mentioned earlier, in many cases as with the -SBA has money to loan- myth there is a kernel of truth once you get past the misconceptions, but as is always true anytime money is involved you should always be certain of the facts before investing any of your money on the word of anyone, whether a trusted friend and advisor or a stranger. After all it IS your money you stand to lose not theirs!

Business Plan Marketing

A business plan is in essence a creative writing project. You want the business plan to be an interesting read, not a long boring discussion. You have to put on your marketing hat and make your company’s future sound exciting. How to write a business plan is a challenge for any entrepreneur. Here are a few tips to keep in mind.

Write your plan in a style that fits your industry and your management team.

The plan for a sports bar company would sound much different than a plan for a bank. Make your plan sound like you; put some of your personality and philosophy in the plan, so after reading the plan an investor or lender would feel as though he/she knows you.

Be enthusiastic.
When you talk to entrepreneurs about their company, they usually get so enthusiastic that they almost wear you out. Then you get their business plan and it reads like the operations manual that came with your VCR. The purpose of the plan is to create excitement in the minds of the investors, in other words to activate the area of their brains devoted to greed.

Avoid getting mired in technical jargon.
Internet companies, medical companies and computer companies all tend to dwell on minute details about their technology and don’t adequately develop the business reasons why they are going to make money for themselves and the investors.

A CD-ROM cannot replace a mind.
More and more entrepreneurs are relying on business plan writing software. These products are sometimes helpful in formatting the plan and creating the financial schedules, but they cannot formulate your strategies for you. The heart of the is explaining how you are going to sell more of your product or service than your competitors, and operate your business at high enough profit margins to generate a superior rate of return for investors.

The CD-ROM you might purchase has no idea how to do any of this. It’s spent nearly all of its life on a shelf, in a box.

A Solid Presentation Is Key

Does the plan include a title page with your company name, a person’s name and the address and phone numbers? Don’t just clip a business card to the front page, it could get separated.

Has your plan been proofed and spell checked? And by a real person, not just your word processor?

Did you check all abbreviations or acronyms to make sure the first time they are used they are explained, ie., World Wide Web (www)?

Have you gone through the plan to make sure all technical terms are explained?

Are the pages numbered?

Do the page numbers for the index match the actual page numbers?

Have you edited the plan to see what you can include in the Appendix rather than in the body of the business plan?

Has someone unfamiliar with your company read the plan and understood it?

Is your executive summary limited to no more than 3 pages?

Have you had someone unfamiliar with your company read just the executive summary and understand your company?

Are your margins at least one inch wide on each side, top and bottom?

Is your font size at least 11, preferably 12?

If you are using a word processing system which allows color graphics, have you changed the color graphics to grayscale for printing? Or will you be printing the business plan in color?

Have you checked to make sure you did not use too many fonts and font sizes?

Have you taken advantage of bullet points, shading, indents, and borders to add visual interest to your business plan? (Just don’t go overboard.)

Is the use of your page titles and headings consistent in format throughout the business plan?

You can print your business plan on both sides of the paper, just make sure it’s printed on quality paper so that the printing doesn’t bleed through to the other side.

If you are using duplicating or copying services to print your business plans, is the quality nearly perfect?