The Growing Search for Capital
Working as a consultant for new and upcoming businesses, I often hear, almost every day, really, just how annoying it is to deal with commercial banks nowadays. Just the other week I had a meeting with a business owner whose business is commercial lighting, and they’ve been building their business and increasing their companies sales for more than twelve years. His company has experienced excellent growth, has fantastic profit trends, an awesome marketing plan for this year, and has a positive cash flow.
In addition to his financials being in such a good place, his marketing and business plan are very well written and quite polished. Sadly, the most annoying thing for him (and a million other business owners), is that he can’t get his banker to call him back. He chose a banker and turned in a loan package to him, and this banker won’t even give him a simple phone call back. Ever. He is stringing this entrepreneur out and making him ponder whether or not they’ll actually come through for him by giving him the line of credit he’ll need to execute his marketing plan. Read more
Designing The Right Business Retirement Plan
The process of designing the “right” retirement plan for a business can be divided into three broad steps:
1. Gather the relevant information
2. Identify employer goals and objectives
3. Choose plan features that promote the employer
Employers have various reasons for wanting a retirement plan as well as many concerns about sponsoring one. Most of the objections, while valid on the surface, can be mitigated and reduced if not eliminated by a skillfully trained benefit specialist. I am again making a distinction between a salesperson and a trained specialist. Most smaller plans (fewer than 500 participants) never have a chance to meet with these type of specialists. I’m hoping my article will give you incentive enough to start seeking out this type of advice and adviser.
Pension plans can not meet everyone’s objective but here’s a list of some common things a pension plan can and should do:
1. Help employees with retirement savings
2. Tax deferral for owners and other highly compensated employees
3. Help recruit, reward, retain and retire employees
4. Encourage productivity
5. Discourage collective bargaining
6. Maximize employer contribution flexibility
How to Write a Business Plan
Free Resources http://www.businessplandirectory.net/
A plan for your small business is useful if you want to focus yourself and get an overall picture of what you have to do in order to build your enterprise. On top of that, a good business plan is an absolute must if you want to convince institutions or individuals to loan money or invest in your business. One way to organize your business plan is to compose it like an informative news article, explaining the “who,” “what,” “when,” “why, and “how” of your business.
who is the company Who are you?
Write about your background and previous experience in your field. Tell about your notable accomplishments, and about your partners and staff. If your company has been in business for some time now, then write about your “track record.” Explain what your company has already accomplished and give an idea of how it stands in relation to competitors in your particular field of business.
What are Your Products or Services What are Your Products or Services?
What are you producing or what are you going to produce? What are your products or services? What kind of revenue will these activities be bringing in or what is the expected range of revenue once the products are launched? Answer these questions giving a complete picture of the principal activity that you are engaged in or will be engaged in during the timeline of this business plan.
Moms Working at Home Tips
oms working at home face the stress of taking care of their family as well as having to worry about bringing in a second income and generally work on a contractual or freelance basis.Women working at home are a new kind of business woman that do in fact have it all.
Moms Working from home is not just for women. There are many men who are working from home as well. (WAHM) is an acronym that stands for Work At Home Mom.
Mothers working at home work hard in order to bring the much-needed income in a home environment where they are able to take care of the home and ensure that they miss very little of their childrens growing up years.
Moms are the new wave that will make the change that our society needs. They no longer have to struggle to get a job or be rejected because they have children.
Tips for Pitching to Investors
When you find yourself in front of an investor, it means your business plan has done its job. It is now up to your pitching to bring home the bacon.
As an Angel Investor, I had the privilege of seeing hundreds of entrepreneurs and small businesses pitch their ideas over the years. By only reviewing the business plan behind these ideas, one cannot tell with any amount of certainty, which idea is a hit and which a dud. Therefore, a pitch to the investor by the entrepreneur or senior executive becomes necessary. At this stage, one may find that a poor pitch will make a good idea leave the arena empty handed, while a good pitch will make a not too great of an idea walks away with all the loot.
Here are a few tips that when observed, will help you clinch your desired investment.
* Get to the point quickly. One will never really know how long any meeting with an investor will actually last. Therefore, make your key points quickly and early, as you may not get a chance to make them at all.
* Tell them what you do first. Capture the attention of the audience in 30 sec with an elevator pitch that includes exactly what you do. This is very important.