Tag: A

BSN medical #a #bsn

#

Therapies. Hand in Hand.

Hypafix®

Redefining Infection Management

JOBST® Compression Therapy

Delta-Dry Water-Resistant Casting

3D Knit Supports from FLA Orthopedics®

Welcome to BSN medical

BSN medical is a global leader in the worldwide healthcare market specializing in the areas of Compression Therapy, Wound Care and Orthopedics. We are focused on the development of world-class branded products that offer high quality solutions for our caregivers and patients.

BSN medical connects its broad portfolio in Wound Care and related Vascular Diseases, Lymphology and non-invasive Orthopedics with strong technological competencies to meet the market’s need for reduced complexity and more efficient treatments. BSN medical consistently supports a continuum of care, continuously developing unique and holistic integrated therapy solutions.

SCA’s hygiene business becomes Essity after listing on NASDAQ Stockholm

Essity, the leading global hygiene and health company, was listed on Nasdaq Stockholm June 15, 2017.

The listing of Essity follows the decision to split the SCA Group into two independent listed companies; the forest products company SCA, and the leading global health and hygiene company Essity.

Hygiene and health are firm features in Essity’s vision and strategy which highlights the evolving make-up of the organisation.

The Essity name is set to be built on a foundation of both hygiene, health and medical products.

Essity’s vision is to be dedicated to improving wellbeing through leading health and hygiene solutions, while the company’s mission is to sustainably develop, produce, market and sell value-added hygiene and health products and services.

The opportunity to diversify into new product groups has already been kick-started following the recent acquisition of BSN medical, a leading medical solutions company.

Careers & Job Listings

Contacts

Contacts





Tags : ,

Dragons – Den – s most successful businesses: Starting a business advice and business

#most successful businesses

#

Dragons Den s most successful businesses

It’s now over 10 years since the first episode of Dragons’ Den aired on British TV screens and in that time we’ve seen some brilliant, and not so brilliant, businesses pass through the Den.

While many of the start-ups which have appeared on the BBC show have since floundered or failed to gain traction, a number have gone on to achieve huge success – with and without the Dragons’ backing.

Action point: Need a loan to start a business of your own? See how we can help here and here

Now, with the 14th series returning in three weeks time, and to mark over 10 years of the show, we’ve delved into the Den archives to find out what has happened to 15 of the brightest businesses to have pitched to the Dragons and where they are now.

From the infamous Levi Roots to the £65m-valued Tangle Teezer dubbed “hair-brained” by Peter Jones, read on to find out just what happened once the Den’s cameras stopped rolling…

Comments

Forum post of the week

Want to run a more profitable business?

More from Startups





Tags : , , , , , , , , , , , ,

How to write a perfect professional email in English in 5 steps – Global

#business emails

#

How to write a perfect professional email in English in 5 steps

For most of us, email is the most common form of business communication so it s important to get it right. Although emails usually aren t as formal as letters, they still need to be professional to present a good image of you and your company.

How to write a formal email

Follow these five simple steps to make sure your English emails are perfectly professional.

  1. Begin with a greeting
  2. Thank the recipient
  3. State your purpose
  4. Add your closing remarks
  5. End with a closing

Download our free ebook: Everyday English Vocabulary 38 pages which points useful words and English phrases to help you have a better understanding of what’s going on around you.

Begin with a greeting

Always open your email with a greeting, such as Dear Lillian . If your relationship with the reader is formal, use their family name (eg. Dear Mrs. Price ). If the relationship is more casual, you can simply say, Hi Kelly . If you don t know the name of the person you are writing to, use: To whom it may concern or Dear Sir/Madam .

  • Thank the recipient

    If you are replying to a client s inquiry, you should begin with a line of thanks. For example, if someone has a question about your company, you can say, Thank you for contacting ABC Company . If someone has replied to one of your emails, be sure to say, Thank you for your prompt reply or Thanks for getting back to me . Thanking the reader puts him or her at ease, and it will make you appear more polite.

  • State your purpose

    If you are starting the email communication, it may be impossible to include a line of thanks. Instead, begin by stating your purpose. For example, I am writing to enquire about … or I am writing in reference to … .

    Make your purpose clear early on in the email, and then move into the main text of your email. Remember, people want to read emails quickly, so keep your sentences short and clear. You ll also need to pay careful attention to grammar, spelling and punctuation so that you present a professional image of yourself and your company.

  • Add your closing remarks

    Before you end your email, it s polite to thank your reader one more time and add some polite closing remarks. You might start with Thank you for your patience and cooperation or Thank you for your consideration and then follow up with, If you have any questions or concerns, don t hesitate to let me know and I look forward to hearing from you .

  • End with a closing

    The last step is to include an appropriate closing with your name. Best regards . Sincerely . and Thank you are all professional. Avoid closings such as Best wishes or Cheers unless you are good friends with the reader. Finally, before you hit the send button, review and spell check your email one more time to make sure it s truly perfect!

  • Aren t you an EF English Live student yet? See the general and business English course in action by requesting a one month for only one dollar* trial. Find more information about essential professional English tips here .

    Wil is a writer, teacher, learning technologist and keen language learner. He’s taught English in classrooms and online for nearly 10 years, trained teachers in using classroom and web technology, and written e-learning materials for several major websites. He speaks four languages and is currently looking for another one to start learning.

    Wil





    Tags : , , , , , , , , , , , , , , ,

    Top 5 Small Business Loan Requirements – How to get a Small Business Loan

    #sba loan requirements

    #

    Top 5 Small Business Loan Requirements

    The time has come to expand your business with new employees, a larger location or a new product line. It’s an exciting time, but stressful because you’re not sure you have the cash reserves to manage the expansion.

    For many small businesses, this situation calls for a small business loan a cash infusion that pays for itself, plus the interest, with the new opportunities and extra income it allows you to create.

    Many of our Kabbage customers are new to small business lending. Though they’re familiar with personal loans, they only know the basics of small business loans and lines of credit. For those who “resemble that remark” and for more experienced folks who would like a review of how to get a small business loan here is your expert-researched, Kabbage-curated list of the top five small business loan requirements to get the best possible small business loan.

    #1: Strong Credit

    The bad news about small business lending is it can be hard to qualify for the best rates and deals. The good news is this decade has more options for good small business loans than any other time in history. You can choose between platform lending. traditional loans (like from a bank) and a variety of hybrid options available from local vendors or via the internet.

    This flexibility doesn’t mean your company shouldn’t look as good as possible on paper. Your FICO credit score will figure heavily in any lending decision, so (if time permits) spend time grooming that number in the months prior to applying. Research what other metrics the lenders you want use, and groom them as much as possible, too.

    If you have a major ding in your credit, like a repossession or string of late payments, be prepared to discuss them and why things will go better in the future.

    #2: Solid Business Plan

    Part of understanding how to get a small business loan is ensuring you have a solid business loan. You should have one of these anyway, since a strong business plan is a prerequisite for stellar business success. Traditional lenders will expect to see an updated, professionally prepared business plan as part of the lending process. Lacking one tells them you’re not ready for the “big leagues” and are a bad credit list.

    Though platform lenders like Kabbage won’t insist on seeing your formal business plan, similar documents about your social presence, industry statistics and unique market advantages all of which are part of a comprehensive business plan will go into decisions about what to lend you and how much it will cost.

    Either way, get a business plan together.

    #3: Compelling Personal Resume

    Traditional lenders want proof that the people responsible for running a business are qualified to do so, and part of that proof will be seeing the resumes for you and other principles like owners and executive officers. This resume should be as solid, well-edited and up-to-date as any resume you’ve ever sent out.

    Consider: the purpose of a resume is to get you the job you want. The purpose of this resume is to get you the job of running the company you want, instead of the company you have.

    Platform lenders don’t look at your traditional resume, but they will look at your business’ curriculum vitae in terms of performance metrics and social sharing. Take time to groom those items as substantially as you would a regular resume.

    #4: Bulletproofed P L Statements

    Like your business plan, you should have these anyway. You should be using your profit and loss statements as part of a robust monthly “vital signs” check for your business. If you’re not doing them, dig into your accounting software for half an hour. You’ll find a tool that compiles P Ls from your records. If you’re not using software to keep track of your financials get started on doing that.

    Lenders of all stripes are looking for three things in your P L: reliability, professionalism and ethicality.

    • Reliability – They want evidence that you will be able to make your promised payments, based on enough cash flow to cover the loan. If you don’t, the lender will assume that lending you money is too high a risk.
    • Professionalism – Lenders presented with incomplete, inaccurate or hastily prepared P L statements will assume that your business is similarly disorganized.
    • Ethicality – If you “fudge” your numbers to look better and get caught, you are done with that lender. The decision makers will assume that you cut ethical corners in other places.

    #5: Knowledge of the Loan Needed

    This is actually the first of the small business requirements that you should address, but we wanted to mention it last so it would be the freshest in your mind. Lending isn’t what it used to be – a situation where you went to a couple of banks, all of which offered the same basic products, and hoped they would agree to give you a loan.

    Modern small business lending includes a wide array of traditional, platform and peer-to-peer options with wildly varying qualification requirements and rates of interest. Before you start working in earnest on the other four requirements for your loan, decide what kind of loan you need. That way you won’t waste time and effort preparing the wrong documents.

    Do you have a tale of success or woe to share with the Kabbage community about when you aced a loan application or were embarrassingly unprepared? Share your story in the comments below.





    Tags : , , , , , , , , , ,

    How Much Does it Cost to Study in the US? #how #much #does #a

    #

    How Much Does it Cost to Study in the US?

    In HSBC’s 2016 report. The Value of Education: Foundations for the future, the US emerged as the top choice for parents considering university abroad for their child – but also the most expensive, with the average annual cost of tuition fees to study in the US estimated at $33,215.

    Multiply by four for most undergraduate degrees, and for the majority of prospective students, attending university in the US may seem about as realistic as crashing at the White House while you look for a place to live.

    But before you abandon all hope of spending your student years playing baseball, going to the drive-thru and generally carving out your own version of the American dream, be reassured: there may be a way.

    Costs of study at different types of US university

    Anyone familiar with the basic rules of averages will have realized that the HSBC estimate is likely to include significant variation in either direction – and this is true. At the very top-tier US universities (the majority of which are private non-profits), fees and living costs are likely to add up to around US$60,000 per year, but it’s also possible to study in the US at a much lower outlay.

    Those seeking a more affordable option may find lower tuition fees at US universities within the public sector. These are typically run as state university systems – collections of colleges within a state, which share some administrative aspects while operating as separate institutions. Public universities in the US have two tuition fee rates: one for state residents and one for everyone else. The second (more expensive) category applies equally to applicants from other US states and from other countries.

    According to student support organization College Board, published tuition fees for 2014/15 at state colleges are an average of US$9,139 for state residents, and $22,958 for everyone else. This compares to an average of $31,231 at private non-profit colleges. The cheapest options of all, however, are public-sector two-year colleges – also known as community, technical or city colleges – where average fees for 2014/15 are just $3,347.

    Admittedly, you can’t complete a full degree at a two-year college, but you can gain an associate’s degree. This counts as the first half of a bachelor’s degree, which can then be completed by transferring to a university for an additional two or three years.

    Average fees at US universities, 2016-17

    When transport and other living expenses are factored in, College Board estimates the following annual budgets for undergraduate students in 2016/17:

    • $17,000 (community college)
    • $24,610 (in-state students at a four-year public college)
    • $39,890 (out-of-state students at a four-year public college)
    • $49,320 (private non-profit four-year college)

    While these averages provide a helpful overview of the broad range of study costs in the US, it’s worth remembering that there remains significant variation in tuition fees charged by each type of institution. At the most prestigious public universities, for instance, fees may be just as high as those in the private sector. For instance, the University of Michigan (one of the highest-ranked public US universities in the QS World University Rankings®) estimates fees for new out-of-state students in 2016/17 at $45,410, plus $10,872 for room and board, $1,048 for books and study supplies and $2,454 for personal and miscellaneous items. This adds up to a total budget of $59,784, or $65,462 for graduate students.

    What funding is available to study in the US?

    When assessing the costs of studying in the US, it’s usual to distinguish between the “sticker price” – the published rates – and the amount students actually pay once various sources of funding are considered. In 2013/14. 85% of full-time undergraduate students at four-year universities in the US received some form of financial aid, including 83% of those at public colleges and 89% at private non-profit colleges.

    Often, the most prestigious US universities – with the highest sticker prices – offer the most generous funding opportunities. At MIT. the highest-ranked university in the US (and the world ), 91% of undergraduates receive financial aid. At Caltech. almost 60% of undergraduates receive aid, while 98% of graduate students and 99% of doctoral candidates receive full financial support. Similar figures are cited by most other leading US universities, with forms of support including scholarships, grants, assistantships and work-study schemes.

    While some funding avenues are only open to US citizens, there are also lots of aid opportunities available to international students. The University of Pennsylvania. for instance, allocates over $6 million every academic year in funding specifically for undergraduates from outside of the US and its neighbors Canada and Mexico. According to data collected by US News. Harvard University allocated aid to 559 international undergraduates in 2015/16, with the average grant standing at $56,268, while Yale University awarded an average of $54,954 to a total of 336 international undergraduates.

    Funding information is provided on each US university’s website, and students should usually apply for financial aid at the same time as their application is submitted. A small number of elite US universities also have “need-blind ” admission policies for all applicants. This means students’ financial background is not considered during the admissions process, and the university pledges to provide sufficient aid to ensure every successful applicant is able to attend.

    How can you calculate your own costs of studying in the US?

    In recent years it’s become easier for individual students to calculate how much they could expect studying in the US to cost. All US universities are legally required to include a fees and financial aid calculator on their websites, allowing students to get a rough idea of how much their intended course of study would cost and what aid they may be eligible for. These “net price calculators” can be accessed via the government’s College Affordability and Transparency Center. which also provides details of the US universities with the highest and lowest tuition fees and net costs.

    This article was originally published in February 2012. It was updated in January 2015 and again in December 2016.

    Want more content like this? Register for free site membership to get regular updates and your own personal content feed.





    Tags : , , , , ,

    What is a Turnkey Franchise? Franchise Definition by FranChoice #designing #business #cards

    #turnkey business

    #

    What is a Turnkey Franchise?

    You ve probably heard the term turnkey many times and may have wondered what it means in terms of franchising. Turnkey basically refers to a franchise package so complete that everything you need to start the franchise will be done for you.

    On the surface, this sounds like a great idea. You pay your fee and the franchisor researches the location, signs the lease, builds out the unit, supplies you with start-up inventory, finds and trains the staff, and orchestrates the grand opening. All you have to do is turn the key to open your new business.

    Buyer Beware

    There are plusses and minuses to a turnkey franchise. It could be a great advantage to you because of the work and aggravation it can save. It may also be an unnecessary expense if the package is overpriced for what it offers.

    If the business you are looking at getting into says it is a turnkey opportunity, here are some ways to evaluate the value of the package offered.

    1. Most franchisors offer only a partial turnkey program, doing some but not all of the items mentioned above. Make sure you understand what they will help you with and what tasks you ll need to tackle yourself.
    2. You should expect to pay a reasonable price for the labor involved in putting the package together, but not an outrageous price. If the price seems high, ask for a breakdown of the services provided.
    3. Group purchasing power is a definite benefit of franchising. You can expect to get a good deal on the components needed for the business since you are taking advantage of the buying power of the chain. Make sure you have an understanding of the savings.
    4. Ask the current franchisees about the value of the turnkey package. You ll be calling them anyway as part of your due diligence so be sure to cover this topic thoroughly. Ask them if they feel they got a fair value for the turnkey package and if the process went as smoothly as they expected.
    5. Finally, remember that you are paying a large up-front franchise fee and substantial ongoing royalty payments to this franchisor. These are accepted costs of a franchise business. You should not also have to pay a large markup above the actual costs to put the turnkey package together. Take the time to understand all facets of the process and the associated costs.

    When the reverse is true

    That being said, there are always exceptions to the rule. Some franchisors do not charge a royalty but actually make their profit by selling you the components of a franchise. For example, a smoothie franchise may sell you their proprietary kiosks and ingredients rather than charge you a royalty fee. The franchisor s profit comes from the mark-up on the products they sell you.

    Again, you should expect a fair price and the best way to determine if the price is fair is to ask the existing franchisees. Ask them if they are happy with the prices they are charged and if they shopped around before signing with the franchisor to see if this was the best deal they found.

    The wave of the future

    As franchising becomes more and more sophisticated, most franchisors offer at least partial turnkey features. They understand that it is to their benefit to provide their franchisees with every possible advantage to give them the best chance at success.

    With retail franchise concepts, the franchisor is likely to provide the equipment and fixtures to the franchisee. The franchisee will then hire a local contractor to assemble and install everything. This balances the need for the consistent look and feel the franchisor wants with the same level of cost control for the franchisee.

    In addition, the more the franchisor provides the franchisee in the way of training, marketing, materials, products, build-outs, etc. the more consistent the brand is from one location to the next. This also generates more revenue for the franchisee.

    It still takes you to make it work

    A true turnkey franchise is a company that supplies franchises with a business in a condition ready for immediate use, occupation, or operation, according to a dictionary definition. In most cases, a franchisor will do a lot to get you up and running but you will still need to take care of a number of start-up items yourself.

    But whether a business is or isn t a turnkey opportunity, or is a partial turnkey operation, don t forget that there is still one element of the equation that a franchisor cannot provide and that s the drive, talent and determination of the franchisee to make the business successful. That is completely up to you!





    Tags : , , , , , , ,

    QuickBooks Compatible Lawn Care – Landscape Service Software #lawn #care #software, #how #to #start

    #

    QUICKBOOKS LAWN CARE MAINTENANCE SOFTWARE

    With its seamless integration with QuickBooks, its compatibility with handheld (pocket) computers and smartphones (like iPhones and Android), and its many functional features, The Service Program is the optimal software solution for your lawn service and landscaping business. Especially when it’s also one of the most affordable solutions on the market.

    Following are some of the lawn care and maintenance tasks that The Service Program can help you record, track and manage and report to your residential and commercial customers, if appropriate:

    • Enter Customers once in The Service Program or in QuickBooks and it seamlessly will update the other program.
    • When a customer calls you can open a work ticket in The Service Program then it will seamless go to a PDA. Once closed it posts as an invoice in QuickBooks where you can print it out.
    • Continue to receive payments in QuickBooks and do your other normal accounting functions. The Service Program does all the other little tasks that QuickBooks doesn t do.
    • Generate analysis: type of grass(es) present, type of weeds present, insects found, diseases found
    • Schedule when services need to be performed (fertilizing, pruning, etc.)
    • Keep track of services performed per visit (mow lawn, edge, weed eat, rake leaves, prune, mulch, plant, etc.)
    • Record fertilizers and weed control applied
    • Track tree and shrub care services
    • Record time of day and weather conditions
    • Track when repair parts are used off a truck with inventory
    • Track assets assigned to crews
    • Maintain route schedules for crews
    • Track crew profitability
    • Track issues from the main warehouse to each crew member (fuel, mower parts, etc.)
    • Create routes for cutting, fertilizing, cut-backs and more
    • Record non billable work orders as well such as complaint calls etc. See how many types of calls are coming in based on type and for who they are referring to.
    • You can enter the number of cuts/services on the route schedule and The Service Program will track the balance and pull them off the route when your obligation is met!


    The Service Program is a QuickBooks add-on that can help you manage contacts, track leads, schedule appointments, plan routes, generate estimates, manage equipment rentals, track materials and equipment, produce invoices in the field, manage multiple inventory locations, create reports and fulfill service contracts. The Service Program also works with handheld personal digital assistants (PDAs), so it’s mobile, just like your business.

    Premier iPhone, iPad and Android Crew GPS Tracking Solution NOW AVAILABLE!





    Tags : , , , , , , , , , , , , , ,

    How Much Money Is Needed for a Car Wash Business? #best #business #cards

    #car wash business

    #

    Small Business

    How Much Money Is Needed for a Car Wash Business?

    Although a car wash may be a lucrative business earning as much as $900,000, according to Entrepreneur magazine, it is a business that requires thorough research, a lot of initial work and a large investment. This investment is dependent on the type and size of car wash you decide to build and whether you already have the property lot or not. Building a car wash can take approximately six months to complete, so you need money for administrative and other business expenses for the time you are working but not making any revenue.

    Location

    If you don t already have a location for the car wash, you need to purchase a vacant lot, as this will save you the extra expense of tearing down any built construction. The cost of this lot will vary depending on the size and its location. Preferably, you want to find something on a busy street near a large department store, strip mall and several residential neighborhoods. Because real estate in high-traffic areas is more expensive, expect this type of property to be more expensive than in other areas but also more profitable. Although this cost varies significantly from location to location and state to state, generally expect to pay at least $3 per square foot.

    Construction

    The car wash cost is also influenced by the construction size and type. The average construction is about 1,000 square feet but can be as large as 2,500 square feet. Although cost is a factor when deciding on the size of your construction, a more important consideration should be your potential growth. It is best to start with a construction facility larger than your needs, as this gives you room to grow or expand into other areas within the car wash industry. To get a better idea of the cost of construction, consider using prefabricated car wash construction builders, or consult local architects with car wash building experience to get an estimate on construction. Under-building your car wash results in a longer time for you to recoup your initial investment and opens an opportunity for a competitor to take away your customers by building a larger and nicer facility.

    Equipment

    To plan your budget as accurately as possible, consider the costs of equipment which, according to Inside Self-Storage, can have an approximate cost of $30,000 to $40,000 per bay, depending on the climate and state. However, this is just a general guideline and the cost of this equipment varies depending on the brand, the type of equipment and whether you are building an automatic or self-serve car wash. The best way to assess the equipment cost is to contact various local equipment distributors and compare prices for the equipment you want. Contact distributors through websites like Car Wash Distributors, Car Wash Network or A-OK Equipment. Also look through trade magazines such as Auto Laundry News, Professional Distributor or Modern Car Care to find equipment options and distributor options.

    Cost Estimate

    A car wash involves the cost of the lot, equipment and building construction. Some owners may be able to start with an initial investment capital of approximately $100,000 providing they already own the land where the car wash is built. Otherwise you can expect to invest approximately $80,000 per bay including the cost of the lot and the building construction.





    Tags : , , , , , , , , ,

    10 Steps For Starting a Car Wash From The Ground Up – Tommy Car

    #car wash business

    #

    10 Steps For Starting a Car Wash From The Ground Up

    As a 40 year veteran car wash equipment manufacturer and site developer, we’ve seen it all. We know what a daunting and potentially confusing process starting a new car wash can be. What comes first? Prospecting site locations? Securing financing? Assessing your market? How soon should you begin marketing? How long will the process take?

    While we certainly can’t cover everything you need to know to start a car wash in a single post, we can take a few words to cover what we feel are the 10 most important steps to launching your own car wash business.

    1) Location is Everything Go Scouting

    Car washes aren’t automatically successful. Great care must be taken when selecting the location on which you want to build. Our Site Model Pages have in-depth descriptions of location criteria to consider (including population, competition, street types, car counts, and more) and our site development services can help you select and approve the best locations available in your area.

    Start by driving around your target area, paying close attention to the relative traffic, types of local businesses, and anything that looks for sale. Get a feel for your potential market. You should also visit a commercial real estate MLS like Loopnet.com or many others. Be sure to take your time and never rush into a purchase.

    2) Review the Competition

    Try to get a feel for the local car washes in the area. How many customers do they have and how aggressively are they marketing? What will they do when you open your wash? Can they afford a multi-million dollar renovation to bring their wash in line with yours? Are they debt free and can they cut prices to outcompete you (with your interest payments) in the short term? Are their customers frequent users and very loyal—or are they waiting for something better?

    Entrenched local competition can be dangerous, even for Totally Tommy buildings, and selecting a location with some elbow room between you and competitors is important. But don’t worry too much about single stall automatic car washes or local fundraisers—you’ll be working in a completely different weight class.

    3) Do the Paperwork

    Find out what local city or county department handles business licenses and request an application, as well as information on local utility usage codes, insurance requirements, tax rates, and other requirements for opening a business. You will also need a Taxpayer Identification Number and you should use the U.S. Patent and Trademark Office’s trademark search tool to check your brand then register to claim it.

    Each area and city has different rules, so make sure you take the time to understand everything and keep your business in line. If you can, also get information on local sanitary sewers (for your waste water), utility prices, water usage limits, and other regulations.

    4) Planning and Approval Process

    Set up a meeting with the city planner. Show them a rendering of your concept and try to get verbal approval of the design—or a list of probable issues to address. If you have approval you can set up a formal meeting to present your plans and have them voted on at a city council meeting. With luck, your Totally Tommy building with its modern style, efficient design, and great investment potential will blow them away! Try to be friendly, optimistic, and down to earth. If the city gets on board with your project it can make the whole process move along more smoothly.

    5) Research Car Washes

    Tour as many successful car washes as possible to see what makes them tick—especially if you haven’t been in the business very long. Check out automatic car washes, partially automatic, express, detailing, and other washes to see how they differ from one another. Operations, promotions, pricing, services, demographics… Try to learn as much as you can and develop as deep a background as you can with operations, staffing policies, equipment repair, and customer management (aka, complaints ).

    To help out, our team has training available to teach you everything you need to know BEFORE you’re trying to run your wash on hot days with long lines.

    6) Operations Decisions

    Will you run your car wash independently or will you have a franchise, LLC, or S-corp? There are many models, each with pros and cons. Franchises offer support at the cost of a residual. Solo operations offer total freedom but deprive you of much-needed backup and brand awareness. How much personal involvement are you looking for? If you plan on hiring a manager instead of handling things yourself, make sure he or she has the necessary qualifications and is heavily invested in your future success.

    7) Make a Business Plan!

    Your car wash business plan (click for outline) should focus on both long term and short term operations. Use a professional service and remember that the more detailed, thorough, and researched your plan is, the better it will look to investors or your bank. Include costs (up front and overhead costs), planning for building to long-term revenue management, and marketing strategies (launch and long-term). Professional proforma companies are ready to help and our team is also standing by with years of experience to back up our advice.

    8) Get Financing

    This is likely the most challenging step, and your success here will largely depend on how well you’ve researched and prepared your business plan ahead of time. A solid revenue model can help convince investors to put up the capital for your new car wash business, so be prepared to demonstrate that you need enough funding for a truly high quality car wash facility and equipment with great return potential. You will also need a convincing resume with business and/or car wash experience, and a solid marketing plan.

    9) Build the Right Wash

    Car washes thrive when they capture the attention of the local market and are designed to make turning in, purchasing a wash, and moving through the tunnel as quick and easy as possible. The Totally Tommy building is the best way to do just this, drawing huge numbers of passing customers with a great looking building, perfected layouts, and a full and fast service menu. Proven in scenarios around the country, every component of this facility design has been carefully thought out to create a single, cohesive investment that pays off. From our towers to our pay system, deceleration lanes, glass walls, stainless steel equipment, and clear roof, everything is designed to project sophistication, professionalism, and value. So why waste money reinventing the wheel, and why risk building a second-best wash when a Totally Tommy wash is waiting for you?

    10) Market your New Business

    Customers don’t know what they don’t know, so don’t just expect them to line up without any effort on your part. Make sure to let the community know about your wash ahead of the grand opening with onsite advertising as well as print, radio, local web, and possibly TV advertisements. You’ll begin to build a curious customer base who will drop buy and tell their friends and family afterwards. $15,000 or $1 / car for initial marketing including billboards, mailings to 5 mile radius, promotional washes, and radio commercials is a good place to start at your launch and $.10 / car is a standard ballpark long-term rate for the future. One or two day Social media campaigns (incentivize customers with free washes for best results) can also be highly successful. Be prepared to collect feedback and adapt your marketing program for the greatest possible effectiveness moving forwards.

    Launching any business, and especially a brick and mortar car wash filled with high-end technology, is a complex and daunting prospect. But don’t worry. The team at Tommy Car Wash Systems has hundreds of washes behind us with thousands of installations and developments. We know the steps you’ll need to take to get your wash planed, approved, built, and operational, and we’ll help you turn a fantastic business opportunity into an even better reality.

    Tommy Car Wash Systems

    Post navigation

    Subscribe to Blog via Email

    Categories

    Random Posts

    Recent Posts

    Archives





    Tags : , , , , , , , , , , , , ,

    The 10 Most Reliable Ways to Fund a Startup #ethics #in #business

    #start up business grants

    #

    The 10 Most Reliable Ways to Fund a Startup

    One of the most frequent questions I get as a mentor to entrepreneurs is How do I find the money to start my business? I always answer that there isn t any magic, and contrary to popular myth, nobody is waiting in the wings to throw money at you just because you have a new and exciting business idea.

    On the other hand, there are many additional creative options available for starting a business that you might not find when buying a car, home or other major consumer item. If you have the urge to be an entrepreneur, I encourage you to think seriously about each of these, before you zero in on one or two, and get totally discouraged if those don t work for you.

    Of course, every alternative has advantages and disadvantages, so any given one may not be available or attractive to you. For example, professional investors put great priority on your previous experience in building a business, and they expect to own a portion of the business equity and control for the funds they do provide. These are tough for a first-time entrepreneur.

    Thus it is always a question of what you qualify for, and what you are willing to give up, to turn your dream idea into a viable business. Here is my list of the 10 most common sources of funding today, in reverse priority sequence, with some rules of thumb to channel your focus:

    10. Seek a bank loan or credit-card line of credit.

    In general, this won t happen for a new startup unless you have a good credit history or existing assets that you are willing to put at risk for collateral. In the U.S. you may find that the Small Business Administration (SBA) can get you infusions of cash without normal backup requirements.

    9. Trade equity or services for startup help.

    This is most often called bartering your skills or something you have for something you need. An example would be negotiating free office space by agreeing to support the computer systems for all the other office tenants. Another common example is exchanging equity for legal and accounting support.

    8. Negotiate an advance from a strategic partner or customer.

    Find a major customer, or a complimentary business, who sees such value in your idea that they are willing to give you an advance on royalty payments to complete your development. Variations on this theme include early licensing or white-labeling agreements.

    7. Join a startup incubator or accelerator.

    These organizations, such as Y Combinator. are very popular these days, and are often associated with major universities, community development organizations, or even large companies. Most provide free resources to startups, including office facilities and consulting, but many provide seed funding as well.

    6. Solicit venture-capital investors.

    These are professional investors, such as Accel Partners. who invest institutional money in qualified startups, usually with a proven business model, ready to scale. They typically look for big opportunities, needing a couple of million dollars or more, with a proven team. Look for a warm introduction to make this work.

    5. Apply to local angel-investor groups.

    Most metropolitan areas have groups of local high-net-worth individuals interested in supporting startups, and willing to syndicate amounts up to a million dollars for qualified startups. Use online platforms such as Gust to find them, and local networking to find ones that relate to your industry and passion.

    4. Start a crowdfunding campaign online.

    This newest source of funding, where anyone can participate per the JOBS Act. is exemplified by online sites such as Kickstarter. Here people make online pledges to your startup during a campaign, to pre-buy the product for later delivery, give donations or qualify for a reward, such as a T-shirt.

    3. Request a small-business grant.

    These are government funds allocated to support new technologies and important causes, such as education, medicine and social needs. A good place to start looking is Grants.gov. which is a searchable directory of more than 1,000 federal grant programs. The process is long, but it doesn t cost you any equity.

    2. Pitch your needs to friends and family.

    As a general rule, professional investors will expect that you have already have commitments from this source to show your credibility. If your friends and family don t believe in you, don t expect outsiders to jump in. This is the primary source of non-personal funds for very early-stage startups.

    1. Fund your startup yourself.

    These days, the costs to start a business are at an all-time low, and over 90 percent of startups are self funded (also called bootstrapping). It may take a bit longer to save some money before you start and grow organically, but the advantage is that you don t have to give up any equity or control. Your business is yours alone.

    You can see that all of these options require work and commitment on your part, so there is no magic or free money. Every funding decision is a complex tradeoff between near-term and longer-term costs and paybacks, as well as overall ownership and control.

    With the many options available, there is no excuse for not living your dream, rather than dreaming about living.





    Tags : , , , , , , , ,