Business Talk
« Previous EntriesBusiness Plan Basics
Thursday, January 1st, 2009A business plan precisely defines your business, identifies your goals, and serves as your firm’s resume. The basic components include a current and pro forma balance sheet, an income statement, and a cash flow analysis. It helps you allocate resources properly, handle unforeseen complications, and make good business decisions. As it provides specific and organized [...]
Finding a Niche
Tuesday, December 30th, 2008A market in its entirety is too broad in scope for any but the largest companies to tackle successfully. The best strategy for a smaller business is to divide demand into manageable market niches. Small operations can then offer specialized goods and services attractive to a specific group of prospective buyers.
There are undoubtedly some particular [...]
Using Your Business Plan
Sunday, December 28th, 2008A business plan is a tool with three basic purposes: communication, management, and planning. As a communication tool, it is used to attract investment capital, secure loans, convince workers to hire on, and assist in attracting strategic business partners.
The development of a comprehensive business plan shows whether or not a business has the potential [...]
Writing A Business Plan
Friday, December 26th, 2008What goes in a business plan? The body can be divided into four distinct sections:
1) Description of the business
2) Marketing
3) Finances
4) Management
Agenda should include an executive summary, supporting documents, and financial projections. Although there is no single formula for developing a business plan, some elements are common to all business plans. They are summarized in [...]
Why do I need to define my business in detail?
Wednesday, December 24th, 2008It may seem silly to ask yourself, “What business am I really in?”, but some owner/managers have gone broke because they never answered that question. One watch store owner realized that most of his time was spent repairing watches, while most of his money was spent selling them. He finally decided he was in the [...]
What is a business plan and why do I need one?
Monday, December 22nd, 2008A business plan precisely defines your business, identifies your goals, and serves as your firm’s resume. Its basic components include a current and pro forma balance sheet, an income statement, and a cash flow analysis. It helps you allocate resources properly, handle unforeseen complications, and make the right decisions. As it provides specific and organized [...]
Filing Requirements for Self-Employed Individuals
Tuesday, December 16th, 2008Self-employed individuals, sole-proprietors, independent contractors and persons who have net earnings of $400 or more are required to pay self-employment tax by filing Schedule SE (PDF), attached to their Form 1040, U.S. Individual Income Tax Return. Employees of a church that receive income of $108.28 or more, [...]
Business Credit Cards and How They Benefit Your Business
Friday, December 12th, 2008Business credit cards nowadays provide many regular people opportunities to start their own companies by allowing them to borrow the funds that they may need, while separating business expenses from that of personal charges. What a lot of business owners don’t realize, however, is that the advantage of having a business credit card does not [...]
How To Make A Fortune From Someone Else’s Product Launch Without Being An Affiliate Or Promoting Their Offer
Sunday, November 9th, 2008By Jimmy D. Brown of “Small Reports Fortune”
……………………………
I’m an observer. I watch marketers and how they work.
I look at how people respond to marketing. And I’ve
discovered something interesting over the years that I
want to share with you as it relates to building your
internet business.
Hot topics and trends come along regularly. There’s always
a new “in” thing [...]
Looking for a Business School?
Thursday, October 30th, 2008Here are Tips on Finding the Best and Ditching Whats Not…
Whether you are a parent scouting for the best schools in town to educate your business professional wannabe, or a student on the lookout for the first rate business schools, it is important that the right choice be made. And to be able to make [...]