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Better Business Bureau: Trump Lied About Trump University Rating #start #a #small #business

#better business bureau

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Better Business Bureau: Trump Lied About Trump University Rating

The Better Business Bureau on Tuesday briskly refuted a number of statements that Republican presidential candidate Donald Trump has made about Trump University, the now-defunct real estate seminar provider that many students allege was a scam.

In last Thursday’s Republican debate, the candidate defended Trump University despite the multiple lawsuits brought by former students and the state of New York.

Challenged by Fox News moderator Megyn Kelly about Trump University’s D-minus rating from the Better Business Bureau, Trump said that “right now it is an A.”

During a commercial break, Trump was caught on camera presenting the debate hosts with a piece of paper that he said showed that rating. “The Better Business Bureau just sent it,” Trump can be heard telling Fox News moderator Bret Baier. “This just came in, we just got it.”

“The BBB did not send a document of any kind to the Republican debate site last Thursday evening,” the nonprofit organization said on Tuesday. “The document presented to debate moderators did not come from BBB that night.”

As to Trump’s basic claim, the watchdog group said, “Trump University does not currently have an A rating with BBB. The BBB Business Review for this company has continually been ‘No Rating’ since September 2015. Prior to that, it fluctuated between D- and A+.”

Following the debate on Thursday, Trump tweeted what he said was the official A rating for the Trump Entrepreneur Initiative, a later name for Trump University.

On Tuesday, the Better Business Bureau said, “The document posted on social media on Thursday night was not a current BBB Business Review of Trump University. It appeared to be part of a Business Review from 2014.”

Furthermore, the nonprofit stated, “Trump University has never been a BBB Accredited Business. The document handed to the debate moderators on Thursday night could not have been an actual ‘Better Business Bureau accreditation notice’ for this business.”

Here’s the current review of the Trump Entrepreneur Initiative.

Better Business Bureau

Not only did the Better Business Bureau refute Trump’s claims about Trump University’s current grade; it also refuted his claim that the enterprise has “a 98 percent approval rating from the people who took the course [because] people like it. many did tremendously well, and made a lot of money.”

Here’s how the bureau tells it: “During the period when Trump University appeared to be active in the marketplace, BBB received multiple customer complaints about this business. These complaints affected the Trump University BBB rating, which was as low as D- in 2010.”

How did it ever have an A rating?

The company closed in 2011, and after that, the Better Business Bureau said, “no new complaints were reported.” Complaints that are more than three years old “automatically rolled off of the Business Review, [and] over time, Trump University’s BBB rating went to an A in July 2014 and then to an A+ in January 2015.”

Trump, however, claimed the opposite was true. He said the Better Business Bureau simply hadn’t had enough information about Trump U, and that’s why it received a D-minus. “Before they had the information,” the program scored poorly, he said, but “once they had the information. it is right now an A.”

More than 5,000 people are suing Trump and Trump University in California, where a class action suit alleges that many students spent more than $30,000 on what they were told would be a real estate investment mentorship, personally designed and overseen by Trump.

Watch the real estate mogul’s promotional video for Trump University:

In fact, the former students allege that Trump played no part in designing the course, choosing the teachers or mentoring students.

A second case brought by New York Attorney General Eric Schneiderman was cleared by an appeals court to move forward last week. This means voters are likely to hear a lot more about Trump University in the coming months.

The candidate tried to play down the seriousness of the allegations on Thursday, yelling, “It’s just a minor case! It’s a minor case!” over the voices of debate moderators.

On Monday, Trump also released a video (see below ) in which he singled out two people who asserted they’d been scammed by his seminar company. He accused them of saying “horrible things” and warned “we’re looking” for a third person.

A spokeswoman for Trump’s campaign and a lawyer for Trump’s business both declined to comment on the Better Business Bureau’s statement.





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11 Grants for Women-Owned Businesses You Need to Know About #personalized #business #cards

#small business grants

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11 Grants for Women-Owned Businesses You Need to Know About

In 2014, there were close to 9.1 million women-owned businesses in the United States, a 68 percent increase since 1997, according to The 2014 State of Women-Owned Businesses Report from American Express. This percentage increase exceeded the national average of small business growth by 1.5 times.

It also illustrated what we already know: Women entrepreneurs are having a tremendous impact on the small business landscape nationwide.

Yet to continue to be competitive and grow, these entrepreneurs have to find funding for their ventures. And, alarmingly, women entrepreneurs are increasingly being turned away by banks for small business loans. Thankfully, they still have other options, given the rise of technology-driven financial lending sources — such as online loans, peer-to-peer loans and crowdfunding.

Then there are government grants. While not widely known or used, these grants are another great option for women seeking extra funding for their business ventures. They just take a little more work.

Understanding grants

Business owners often turn to grants because they are not required to pay them back; essentially, you can look at grants as free money, but they come with stipulations. Also, understanding and navigating the grant process can be complex.

First, you have to research and find a grant for which you re eligible. Then, you have to understand the strict application and compliance guidelines you must meet, to be eligible. Third, you have to compete with other businesses for the same pool of money. Fourth, if you re awarded a grant, you must report on how you used it. Finally, you must devote time and energy to the lengthy application process, then wait for approval. In a nutshell, you need to have all of your ducks in a row, up-front and afterward.

Finding federal and state grants

Many business owners think that federal grants are just a click away. We have all seen the ads promoting free federal money to start businesses. But this is a huge misconception. While there are federal grants available in the areas of medical research, science, education and technology development, no such grants exist specifically for women-owned businesses. You may find grants that fund projects that empower women, but such funding is often set aside for nonprofit corporations, not for-profit businesses.

When researching grants specifically for a woman-owned business, start at the state level. Most states offer grants for women-owned businesses in some capacity. Each state website has a business section where you can find grant and funding opportunities for women and minority-owned businesses. A good example of this is the business section for the state of New York. which lists incentives and programs for businesses. Check out your state s site to find out what is available for your business.

Another great resource to use in your research is the Minority Business Development Agency (MBDA). The MBDA is an agency of the U.S. Department of Commerce that assists minorities and women in establishing and growing their businesses. On its site, you can research grants and access links to state agencies that work with women-owned businesses for funding opportunities. Click here to view all of the state agencies across the country.

Private grants for women

To help in your search, we gathered information on these private grants for women entrepreneurs started:

  1. The Eileen Fisher Women-Owned Business Grant Program. Five grants are awarded annually. The businesses must be 100 percent women-owned and have founding principles of social consciousness, sustainability and innovation, plus be ready to move to the next phase of development. In 2014, the program awarded $125,000 in grants.
  2. Huggies Brand — Mom Inspired Grants. The grant awards up to $15,000 to advance the development of innovative products inspired by the joys of motherhood. The awardees also receive resources to further develop their products and startup businesses.
  3. FedEx Think Bigger — Small Business Grant Program. Applicants are encouraged to share their visions to receive a portion of the $75,000 awarded in grants. Part of the judging involves the general public voting for the finalists, so participants may promote their businesses while garnering votes.
  4. Idea Caf Small Business Grant. The Idea Caf is a free gateway that hosts different grants on its site. Its current grant is the 16 th Small Business Cash Grant. which awards one $1,000 grand prize to a business with the most innovative idea.
  5. InnovateHER: 2015 Innovating for Women Business Challenge. This business challenge is sponsored by the Small Business Administration (SBA) Office of Women s Business Ownership. The challenge awards three winners $30,000 in prize money for businesses that have an impact on the lives of women. However, be aware of the recent fraud news around the SBA .
  6. Chase Google — Mission Main Street Project. Chase and Google have partnered to award $3 million in grants. In 2014, recipients were awarded $150,000 to help take their businesses to the next level. Recipients also received a trip to Google headquarters, a Google Chromebook laptop and a $2,000 coupon toward a market research study with Google Consumer Surveys.
  7. Small Business Innovation Research (SBIR): Eleven different federal agencies participate in this awards-based program, which incentivizes and enables small businesses to explore their technological potential.
  8. Small Business Technology Transfer Program (STTR). The STTR program reserves a specific percentage of federal research and development funding to provide funding opportunities in research and development.
  9. Women Veteran Entrepreneur Corp (WVEC) Small Business Competition. This competition, organized by Capitol One and Count Me In for Women s Economic Independence. allows participants to present two-minute pitches for a chance to participate in a nine-month business accelerator program.
  10. Wal-Mart Women s Economic Empowerment Initiative (WEE). As part of a huge Wal-Mart initiative, sourcing opportunities for U.S. and international companies will increase to $40 billion over five years.
  11. Zions Bank — Smart Women Smart Money. This Utah-based bank s grant annually awards $3,000 across six different categories, including business.

Applying for a grant

Once you find a funding opportunity, there are steps required to apply. A few tips to assist you:

  • Make sure that your business is eligible for the grant: Read the grant synopsis guidelines and eligibility requirements.
  • Create a checklist for all of the documents required.
  • Follow the rules. Grant applications can be very technical. It wouldn t hurt to have a second (or even third) set of eyes when reviewing the application to ensure that you have provided all accompanying documents.
  • Start early. Since the application process can be long in some cases, it doesn t hurt to get a jump on things.

If you find the grant application process too daunting or lengthy for your small business, Kabbage is committed to supporting small business loans for women business owners. Because our application process is fully automated and online, we can quickly provide small business loans of up to $100,000. We use simple, meaningful revenue data from your business to approve your business — not elaborate documentation that takes extensive time to gather. To learn more, visit Kabbage.com.





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What You Need to About Small Business Templates #business #phone #system

#business templates

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What You Need to About Small Business Templates

There was a time, long ago, when the company opened a new process which was relatively unexplored. When you look back to the colonial times it was not very many businesses. The town Baker was not very competitive because it was probably the only baker around. Fast forward to today, and the small business has become a very big business. Small companies have already started so often that there are many small business templates available when starting a business or perform functions within the company.

There are templates out there today to help a person in the process of launching new businesses. If you look at the franchises available today, many of them are opening every store in a certain way. It help investors to rationalize certain functions and marginal costs. If you do not do something the same way every time you all can do it much faster and often save a lot of money at the same time.

Small shops, where the ownership remains in the hands of large corporations are well known to the following pattern. They are able to benefit even more from the individual store, because the corporation owns a very small store fronts. Many times they ensure the creation of new shop windows and buy in bulk. This saves even more money. Creating a cookie cutter store and perform the same function, and save a lot of time.








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About – Business Today #business #credit

#business today

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From the beginning, in 1968, our mission has been to create a dynamic forum for influential business leaders to interact with top undergraduate students from campuses worldwide, and to educate the leaders of tomorrow.

Business Today Magazine

Our oldest program, the Business Today Magazine, is the most widely distributed undergraduate publication in North America. With a significant direct-to-student distribution, we reach students from dozens of campuses all across America. Since our founding in 1968, we have published over 100 issues of Business Today. All of our operations are done in-house – writing, compiling, editing, designing, publishing, distributing – by our Magazine team. Remaining true to our mission, we distribute the magazine at absolutely no cost to our readers. Our content consists of exclusive executive interviews, student-written articles, and BT originals. We receive article submissions from contributors all over the world, and take care to compile those that fit best into our theme. Recent executives interviews include: Paul Volcker, Former Chairman of the Federal Reserve; Michael Ostrove, CEO of Paul Stuart, Ian and Shep Murray, Co-CEOs of Vineyard Vines; Bryan Schreier, General Partner at Sequoia Capital; Martha Stewart; and Clive Brown, COO of J.P. Morgan.

Our most interactive program, our Conference Series, brings together students and executives in a meaningful, face-to-face forum twice a year. The Conferences are our second-oldest program, and certainly one of our most popular, with thousands of applicants from over 30 different countries and 6 continents. We are very proud to say that all of our Conferences are free of cost or heavily subsidized for all student attendees, following our mission of providing access to all undergraduates from different geographies or socioeconomic status.

Our International Conference is in its 42nd iteration in 2016, and will take place in New York City from November 20th – 22nd, 2016. As Business Today’s flagship program, the IC hosts 150 students from all corners of the world. With inspiring keynote speeches, intimate seminars (both on-site and at corporate headquarters), an engaging case study competition, and a new seed-funding competition, the International Conference is the hub for incredible dialogue between students and executives. Past keynote speakers include Jeff Immelt, CEO of General Electric; Muhtar Kent, CEO of Coca-Cola; Wendy Kopp, Founder of Teach for America; and Steve Schwarzman, CEO of Blackstone. This year’s theme is “Rise of the Millennial Generation: Bridging the Gap.”

Women in Business Conference:

We launched our first Women in Business Conference in November 2015. Business Today’s Women in Business Conference provides female students from all backgrounds with the cost-free opportunity to attend a mentorship-focused conference that helps to develop an understanding of what challenges women face in the business world and how to overcome them. Past keynotes include Anna Sedgley, CFO of Dow Jones, Beth Comstock, Vice Chair of General Electric, and Barbara Byrne, Vice Chairman of Barclays. This year’s conference will take place in NYC in October.

For the past three years, we have partnered with Sequoia Capital to address the gap between West Coast start-ups and East Coast students. We are bringing together more than 250 of the brightest engineers and a handful of venture-backed start-ups to New York City both to learn from intimate seminars and keynotes, as well as to interview on-site for job openings. Past keynote speakers include Bryan Schreier, General Partner of Sequoia Capital; Bob Lee, CTO of Square; Vladimir Tenev, Co-Founder of Robinhood; Drew Houston, Co-Founder of Dropbox; and Patrick Collison, Co-Founder of Stripe.

One of our newest programs, the Digital Platform bears the mission of breaking down geographic barriers and creating a dynamic forum for students and executives all around the world. Furthermore, it allows us to capture and present our content from all of our programs, and make it accessible to students all over the globe. The Digital Platform was designed to be a highly interactive, content-oriented site, where students can come to read and contribute to conversations that are meaningful to them. We have exclusive executive interviews, articles written by both students and executives in response to each other, as well as exclusive content from all of our other programs.

With several outstanding programs beyond the Princeton campus, the Seminar Series looks back toward our academic community and works to connect executives with students here in Princeton. The gap we address is closer to home, creating a forum for Princeton students and corporate executives at our university, which does not have a business school. We work with companies in a wide range of industries to create a customized seminar that will be both engaging and educational for the self-selected students who attend the seminar. Our seminars strive to foster genuine discussions about a range of topics affecting today’s world. Past seminars include Howard Schultz, CEO and Chairman of Starbucks; Madeline Jacobs, CEO of the American Chemical Society; Jim Goldman, CEO of Godiva Chocolatier; Jonathan Mariner, CFO of Major League Baseball; Hiromichi Morimoto, President and CEO of Mitsubish Heavy Industries America, Inc.; Ron Meyer, Vice Chairman of NBCUniversal; and Jack Dorsey, Co-founder and CEO of Twitter and Square.

Our leadership consists of over a dozen officers, all Princeton undergraduates, who have dedicated a considerable amount of their time to the organization. Each of us directs a different program of the organization, with Asst. Directors and Staff on each team. This year, our organization has more than 60 active members, making it one of the largest student organizations on campus.

Feel free to email any of us with feedback, comments, or inquiries. We are always committed to improving the organization.





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Stock market strength is about the equity risk premium #sell #your #business

#current stock prices

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This stock market rally isn’t like the others

Wikimedia Commons

The rally in stocks to all-time highs has little to do with earnings – the most important driver of stock prices – according to Deutsche Bank.

According to Dominic Konstam and team, writing in a note Friday, the rally is about the declining equity risk premium, which is simply the excess return the stock market provides over a risk-free rate like bond returns.

The premium jumped after stocks plunged in the financial crisis, with investors demanding as much as 7% more from choosing stocks over bonds. It has now fallen closer to its historical norm of 2% as bond yields also fell, implying that the return investors require to be compensated for their risky investments in stocks has fallen.

The sovereign bond yields in many developed countries are at or near record lows. Yields on benchmark bonds in Germany and Japan plunged deeper into negative territory after the rush to government-debt markets sparked by the UK’s decision to leave the European Union.

As nominal yields have fallen, investors have rotated into higher-yielding assets, Konstam said.

“The current cycle stands out in that earnings have played almost no role in the SPX rally. In fact, earnings were a slight drag on equities and were only offset by an aggressive multiple expansion. More than 90 percent of the rally was attributed to a collapse in equity risk premium. In sharp contrast, the equity gains in the 1980s and 2000s were all about earnings growth, and in 1990s earnings still accounted for more than half of the rally.”

The equity risk premium is still some 2% higher than its historical average over the last 30 years – so it could fall further. This gives the S P 500 room to rise another 200 points, Deutsche Bank estimates.

But earnings and expectations for them remain the biggest driver of stock prices. And because the second-quarter earnings season could mark the fourth straight decline in year-over-year S P 500 earnings, that’s a near-term risk to the rally, according to Deutsche Bank.

SEE ALSO: The most important mover of stock prices is not the one driving this rally to all-time highs





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Better Business Bureau: Trump Lied About Our Ratings #easy #business #loans

#better business bureau

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Better Business Bureau: Trump Lied About Our Ratings

The Council of Better Business Bureaus is calling out Donald Trump for what appears to have been a brazen effort to mislead the Fox News hosts who moderated last week’s Republican presidential debate, as well as the millions of Americans who tuned in to watch last Thursday night.

During the debate, the moderators and Trump’s opponent, Florida Sen. Marco Rubio, brought up the subject of Trump University, a now-defunct business that Trump established to sell supposedly educational courses and seminars on entrepreneurship. Trump University is currently being sued for fraud by numerous former students, who said that they were pressured to take on debt to pay for tens of thousands of dollars in fees and that the company did not deliver the type of educational experience it promised.

Related: Trump Numbers Are Falling – How Far Can They Go?

On stage last week, Trump angrily challenged criticism of Trump University, insisting that the organization had a “98 percent” approval rating among its students.

But it was when Rubio brought up the company’s D- grade from the Better Business Bureau that Trump really started to get creative.

He conceded that at one point the company did have a D- rating from the Better Business Bureau, but he said the rating was poor only because Trump University hadn’t bothered to submit data to the BBB. He insisted that the grade was subsequently “elevated to an A” once the data was supplied.

“The only reason that is was a D was because we didn’t care — we didn’t give them the information. ” Trump said. “When they got the information it became an A.”

Related: Here’s Why Donald Trump’s Lies May Be Good for U.S. Politics

During a commercial break, Trump was given a fax from his staff, which he handed to Fox moderator Bret Baier. He later posted the document on Facebook. It appeared to be a BBB Business Review giving Trump University (actually, Trump Entrepreneur Initiative, after a 2011 name change) an A grade.

At least one news organization reported, at the time, that the document appeared to have been faxed to the Fox News set by the BBB itself.

On Tuesday, the Council of Better Business Bureaus issued a detailed statement setting the record straight.

“BBB did not send a document of any kind to the Republican debate site last Thursday evening,” it read. “The document presented to debate moderators did not come from BBB that night.”

It continued, “Trump University does not currently have an A rating with BBB. The BBB Business Review for this company has continually been “No Rating” since September 2015. Prior to that, it fluctuated between D- and A+. The document posted on social media on Thursday night was not a current BBB Business Review of Trump University. It appeared to be part of a Business Review from 2014.”

Related: Irony Alert: Trump Is Upset that Ted Cruz Is Lying

More damning, though, was the BBB’s account of how Trump University’s rating went from a D- to an A. The BBB said that, despite Trump’s claims to the contrary, the rating was never increased as a result of new information received from the company.

What happened is that as Trump University failed as a business, it stopped attracting new students, and with no new students, there were no more complaints filed to the BBB.

“During the period when Trump University appeared to be active in the marketplace, BBB received multiple customer complaints about this business,” the statement said. “These complaints affected the Trump University BBB rating, which was as low as D- in 2010. As the company appeared to be winding down, after 2013, no new complaints were reported.

“Complaints over three years old automatically rolled off of the Business Review, according to BBB policy. As a result, over time, Trump University’s BBB rating went to an A in July 2014 and then to an A+ in January 2015.”

Related: Trump’s Net Worth Isn’t His Only Claim That’s Fake

In other words, Trump was lying about Trump University’s rating on national television, and even provided misleading documentary evidence in real time to help him make his case.

In a sane campaign season, this sort of thing would be utterly disqualifying, but whether it will have much effect on Trump’s core support is doubtful. The billionaire’s supporters have proven remarkably immune to factual arguments about Trump’s obvious deficiencies as a candidate, and uninterested in proof that he frequently lies to them .





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11 Grants for Women-Owned Businesses You Need to Know About #business #names #ideas

#small business grants

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11 Grants for Women-Owned Businesses You Need to Know About

In 2014, there were close to 9.1 million women-owned businesses in the United States, a 68 percent increase since 1997, according to The 2014 State of Women-Owned Businesses Report from American Express. This percentage increase exceeded the national average of small business growth by 1.5 times.

It also illustrated what we already know: Women entrepreneurs are having a tremendous impact on the small business landscape nationwide.

Yet to continue to be competitive and grow, these entrepreneurs have to find funding for their ventures. And, alarmingly, women entrepreneurs are increasingly being turned away by banks for small business loans. Thankfully, they still have other options, given the rise of technology-driven financial lending sources — such as online loans, peer-to-peer loans and crowdfunding.

Then there are government grants. While not widely known or used, these grants are another great option for women seeking extra funding for their business ventures. They just take a little more work.

Understanding grants

Business owners often turn to grants because they are not required to pay them back; essentially, you can look at grants as free money, but they come with stipulations. Also, understanding and navigating the grant process can be complex.

First, you have to research and find a grant for which you re eligible. Then, you have to understand the strict application and compliance guidelines you must meet, to be eligible. Third, you have to compete with other businesses for the same pool of money. Fourth, if you re awarded a grant, you must report on how you used it. Finally, you must devote time and energy to the lengthy application process, then wait for approval. In a nutshell, you need to have all of your ducks in a row, up-front and afterward.

Finding federal and state grants

Many business owners think that federal grants are just a click away. We have all seen the ads promoting free federal money to start businesses. But this is a huge misconception. While there are federal grants available in the areas of medical research, science, education and technology development, no such grants exist specifically for women-owned businesses. You may find grants that fund projects that empower women, but such funding is often set aside for nonprofit corporations, not for-profit businesses.

When researching grants specifically for a woman-owned business, start at the state level. Most states offer grants for women-owned businesses in some capacity. Each state website has a business section where you can find grant and funding opportunities for women and minority-owned businesses. A good example of this is the business section for the state of New York. which lists incentives and programs for businesses. Check out your state s site to find out what is available for your business.

Another great resource to use in your research is the Minority Business Development Agency (MBDA). The MBDA is an agency of the U.S. Department of Commerce that assists minorities and women in establishing and growing their businesses. On its site, you can research grants and access links to state agencies that work with women-owned businesses for funding opportunities. Click here to view all of the state agencies across the country.

Private grants for women

To help in your search, we gathered information on these private grants for women entrepreneurs started:

  1. The Eileen Fisher Women-Owned Business Grant Program. Five grants are awarded annually. The businesses must be 100 percent women-owned and have founding principles of social consciousness, sustainability and innovation, plus be ready to move to the next phase of development. In 2014, the program awarded $125,000 in grants.
  2. Huggies Brand — Mom Inspired Grants. The grant awards up to $15,000 to advance the development of innovative products inspired by the joys of motherhood. The awardees also receive resources to further develop their products and startup businesses.
  3. FedEx Think Bigger — Small Business Grant Program. Applicants are encouraged to share their visions to receive a portion of the $75,000 awarded in grants. Part of the judging involves the general public voting for the finalists, so participants may promote their businesses while garnering votes.
  4. Idea Caf Small Business Grant. The Idea Caf is a free gateway that hosts different grants on its site. Its current grant is the 16 th Small Business Cash Grant. which awards one $1,000 grand prize to a business with the most innovative idea.
  5. InnovateHER: 2015 Innovating for Women Business Challenge. This business challenge is sponsored by the Small Business Administration (SBA) Office of Women s Business Ownership. The challenge awards three winners $30,000 in prize money for businesses that have an impact on the lives of women. However, be aware of the recent fraud news around the SBA .
  6. Chase Google — Mission Main Street Project. Chase and Google have partnered to award $3 million in grants. In 2014, recipients were awarded $150,000 to help take their businesses to the next level. Recipients also received a trip to Google headquarters, a Google Chromebook laptop and a $2,000 coupon toward a market research study with Google Consumer Surveys.
  7. Small Business Innovation Research (SBIR): Eleven different federal agencies participate in this awards-based program, which incentivizes and enables small businesses to explore their technological potential.
  8. Small Business Technology Transfer Program (STTR). The STTR program reserves a specific percentage of federal research and development funding to provide funding opportunities in research and development.
  9. Women Veteran Entrepreneur Corp (WVEC) Small Business Competition. This competition, organized by Capitol One and Count Me In for Women s Economic Independence. allows participants to present two-minute pitches for a chance to participate in a nine-month business accelerator program.
  10. Wal-Mart Women s Economic Empowerment Initiative (WEE). As part of a huge Wal-Mart initiative, sourcing opportunities for U.S. and international companies will increase to $40 billion over five years.
  11. Zions Bank — Smart Women Smart Money. This Utah-based bank s grant annually awards $3,000 across six different categories, including business.

Applying for a grant

Once you find a funding opportunity, there are steps required to apply. A few tips to assist you:

  • Make sure that your business is eligible for the grant: Read the grant synopsis guidelines and eligibility requirements.
  • Create a checklist for all of the documents required.
  • Follow the rules. Grant applications can be very technical. It wouldn t hurt to have a second (or even third) set of eyes when reviewing the application to ensure that you have provided all accompanying documents.
  • Start early. Since the application process can be long in some cases, it doesn t hurt to get a jump on things.

If you find the grant application process too daunting or lengthy for your small business, Kabbage is committed to supporting small business loans for women business owners. Because our application process is fully automated and online, we can quickly provide small business loans of up to $100,000. We use simple, meaningful revenue data from your business to approve your business — not elaborate documentation that takes extensive time to gather. To learn more, visit Kabbage.com.





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How to Talk About Money in Your Family Business – Family Business Advisors #business #solutions

#family business

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How to Talk About Money in Your Family Business

“Chains of habit are too light to be felt – until they are too heavy to be broken.” – Warren Buffett

Talking about money within the family business can be uncomfortable and awkward. What’s worse is that everyone knows about it; financial questions and concerns can be at the forefront of everyone’s mind. Few habits are so critical and yet translate so directly to the success of your family business. David Harland. Managing Director of FINH

It is up to the family business leaders to engage their family in these conversations, and to do so with honesty and directly. The early rounds might be difficult, but the end result is a better work environment and easier conversations about other complex issues (such as remuneration or financial agreements). Start early so that you can establish a precedent, make clear the expectations, and deal fairly with others.

Begin with a trusted family advisor – someone to help facilitate difficult conversations – who can project an image of fairness, conscientiousness, and experience.

We often feel that our loved ones know us so well that we don’t have to voice concerns or bring in a third party. It’s the role of the business leader to let go of these assumptions and find a real solution. Communication needs to be clear and open, and this is best when the conversation includes an element of impartiality and specialized knowledge.

It’s unfortunate that so many family businesses start out with an informal management structure and don’t have specific practices and policies for family members. Instead, the structure of the family business is often made up as it goes, which can create an impediment to honest communication later on.

Topics of Conversation Between Members of the Family Business

The family conversation should have goals and should be prepared for, just like any meeting with a non-family business partnerThat also includes having a formal agenda. It’s common to have three levels of interest at play: business issues, family issues, and ownership.

So what you should talk about? Start with family’s history, legacy, and values. The younger a member of the family is introduced to this message, the better. I recommend placing extra emphasis on a multigenerational approach to human capital appreciation.

Chances are that your family has a mix of dominant thinkers and dominant feelers. The thinkers might be more open to the practical realities of business success. Feelers will appreciate the sense of togetherness, shared accomplishment, and appreciation among members of the group. Guide the topics of conversations into those areas where you’re most likely to get buy-in from individual members; other issues can be dealt with more easily afterwards.

Emotion Will Be Part Of It; Deal With Emotion Early

“Select your words carefully. Spoken words may have positive or negative effects, depending on the manner and timing of your speech.” Abdurrahman Bagdadizade Paksoy to his sons, addressing how the Paksoy family was shut out of its own business in 1956

Every business requires emotional decisions and every family brings emotionally charged relationships. These two don’t always mix nicely.

Emotion is a real dynamic that isn’t going away, but it can be dealt with effectively and even harnessed to create a positive dialogue. Use family councils to address family matters. Even if your family members share the same values, they may not share the same vision. If your family runs the risk of starting new battles every time an old one is closed, it’s best to start with outside facilitation early on and stick with it through to the end.

Create a sense of family unity with family stories. Make sure that younger generations can connect to the trials, successes, and anecdotes of the past. Let them speak and take care to actually listen. If less experienced members of the family are eager to bring a “fresh perspective” or innovative new ideas, this is the forum where they get their chance.

Tell a cautionary tale about past business episodes – especially if it has a personal impact. Not only will this help synergize the emotion in the room, but it will help emphasise the importance of properly addressed financial agreements. Just try not to get side-tracked in story land; it’s up to the business leaders to maintain focus on the long-term goal of multi-generational capital accumulation.

Always remember that money is a sensitive issue for many people. You’re likely to run into topics like fairness and competitiveness. These are important, but ultimately dangerous if mishandled because they can re-open old wounds or divert the conversation. Have a plan in place to stay on target.

There’s never a perfect time to talk about family business issues, with one exception: earlier is better. The sooner these conversations start happening, the sooner your family business can develop the type of effective communication that will stand the test of time.

For Advice on communicating about finance in your family business please call FINH 07 3229 7333





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All About Cash Flow #best #online #business

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All About Cash Flow

While we are trained to think of business as sales minus costs and expenses, which is profits, we have to manage cash as well.

Although cash is critical, people think in profits instead of cash. We all do. When you imagine a new business, you think of what it would cost to make the product, what you could sell it for, and what the profits per unit might be. We are trained to think of business as sales minus costs and expenses, which is profits. Unfortunately, we don t spend the profits in a business. We spend cash. Profitable companies go broke because they had all their money tied up in assets and couldn t pay their expenses. Working capital is critical to business health. Unfortunately, we don t see the cash implications as clearly as we should, which is one of the best reasons for proper business planning. We have to manage cash, as well as profits.

A simple example
One of the best ways to understand the dilemma of cash vs. profits is to follow an otherwise-profitable company going broke because it can t meet its obligations. This is a quick and simple example. It also leads us into the relationship between income statement, balance sheet, and cash.

Start with $100, which we ll call capital. At the beginning of this exercise, your balance sheet has assets of $100—the money—and capital of $100. Assets are equal to capital plus liabilities. A summary of the simple financial statement at this point is shown in this first illustration, Starting Numbers.

If you buy a widget for $100 and sell it for $150, you should end up with $50 profit, which is what your income statement covers. Sales minus costs are profit. You should have $150 in the bank. Now your balance sheet shows the same $100 in original capital plus $50 in earnings, which are equal to the $150 you have in cash as an asset. The next illustration shows you how the financials work after the sale.

Buy another widget for $100 and sell it again for $150, and now you have $200 in the bank. Do it again, you have $250 in the bank. Your income statement shows sales of $450, cost of sales of $300, and profit of $150. The illustration shows your income statement and balance sheet at this point.

Adding some realism
Now go back a step and make the situation more realistic. For example, most sales of products to businesses go on terms, with the money due in 30 days. So if you sold that widget on credit you don t have $150 in the bank. You still have $50 in your bottom line, but now you have nothing in the bank. Instead, a customer owes you $150, which is what we call “Accounts Receivable.” Compare the Sell a Widget illustration to this next illustration, Selling on Terms. This is what really happens to the huge number of businesses that sell to other businesses.

Knowing you can buy a widget for $100 and sell it for $150, you get your Widget supplier to sell to you on the same terms you sell, net 30, instead of for cash. Now you have $100 that you owe to suppliers, which is called “Accounts Payable.” You also have $100 worth of widget in inventory. This gives you the case in the following illustration, Buying on Terms, in which you are now poised to sell another widget and make more profit.

You have an extra $100 in assets (the widget in inventory) and an extra $100 as liabilities (Accounts Payable), so you are still in balance. Also, you still have no money. Our next illustration shows the financial picture with sales to businesses on credit and purchase of inventory on credit as a short-term debt.

Now the case is more like what you have with real business numbers, in which you have to manage your cash very carefully, and the amounts sitting in inventory and accounts receivable are significant.

More realism: working capital
Even in the case of the above illustration, the example is completely unrealistic. Where are the running expenses, such as rent, salaries, telephones, or even advertising those widgets? How would they affect the cash situation? How far would we get if we couldn t pay the rent or the telephone bill while waiting for customers to pay us? Furthermore, what supplier would give us a widget on credit when we have no history and no assets? What bank would loan us money in this situation? Banks do loan against inventory and receivables, but only to a certain percentage of total value. What was missing here, all along, was working capital.

Important: In strict accounting terms, working capital is equal to short-term assets minus short-term liabilities. In real terms, however, working capital is the glue that holds your cash flow together. Get it into the bank before you need it, or you won t survive the unexpected.

The following illustration goes back to the beginning of this whole example and does it right, with enough capital in the beginning to finance the company.

Instead of starting with $100 as capital, this business looks a lot better with starting capital of $400. With this additional capital from the start, buying on credit and borrowing against assets is more realistic. In this scenario, working capital is up to $550. Now it has a proper input of working capital at the beginning. With even the barest of business plans, we could tell that $100 wasn t enough to get this business going.

I hope the theoretical examples help make the concepts clear. If you followed these illustrations, you can see some enormous implications for running a business.

Important: Every dollar in accounts receivable means a dollar less in cash. Every dollar of inventory is a dollar less in cash. Every dollar of accounts payable is a dollar more in cash.

How LivePlan makes your business more successful

If you re writing a business plan you’re in luck. Online business planning software makes it easier than ever before to put together a business plan for your business.

As you ll see in a moment LivePlan is more than just business plan software though. It s a knowledgable guide combined with a professional designer coupled with a financial wizard. It ll help you get over the three most common business hurdles with ease.

Let s take a look at those common hurdles and see how producing a top notch business plan sets your business up for success.





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RCM Business – Do You Know These Facts About #premium #business #cards

#rcm business

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RCM Business Do You Know These Facts About RCMBusiness.com

RCM Business is one of the top MLM company in India right now. It has become popular over the years because of its excellent marketing strategy and the benefits that a customer gets.

If you are thinking of joining RCM Business then I strongly recommend you to read this article so that you can know some of the facts which you can’t know either from your seniors nor from the official website RCMBusiness.com.

I have worked with RCM for more than 2 years now. And I know everything about the company, hence I could guide you in way that you will never get things wrong way. I am sure, it will give you some of the useful information that can help you to decide if you want to join this company-

Even if you are already joined in RCM business, you will find some of the important things for you

So here are some of the points that you need to ponder upon.

About RCM Business

RCM Business belonged to Chabra Group. The company is growing rapidly and it has more branches in India than ever.

It has over 8 million distributors, around 100 depots, more than 5000 PUCs, 1000 bazaars and shopping points and around 750 good quality products.

The company is booming when it comes to network marketing. RCM Business is committed to high quality products and original services to distributors.

RCMBusiness.com is getting new distributors and it has also outsourced their job to people like you and me.

RCM basically a clothing company has become a giant when it comes MLM or multi level marketing company. Perhaps it is India’s biggest MLM company.

RCM Business

First you got to understand the business of RCM. RCM is basically a kind of MLM program where you spread word about the product and you get membership.

If you get more membership under your leadership then you make more profit. You got to convince people by telling advantage of their products and how they could make money by enrolling more people.

You have to do following things in the RCM business.

Become a Member by products or there is a paid membership

First you got to enrol in the RCM program and become a member. A member could be paid once. Once you become a member you get an authority to sell products to other people.

Becoming a member means you are part of a large network and you will be creating more members under your leadership.

You have to find new customers and sell products given by the company

As soon as you become a member you will get various products like grocery items, food items, toothpaste, soap, medicines, clothes, etc.

You have to sell these products to people and tell them to enroll the RCM program just like you did.

You must be smart enough for selling those products because you need to persuade people that you have something great to offer.

As you enrol new customers you get benefits and more money

Getting a new member under you means you are expanding your network. More members you enrol the more benefit and money you make.

If a new guy registers for RCM program for say Rs 4500/- then you get a cut on that. Hence if you enrol 5 to 10 people daily then you get 10 times more commission.

Thus you have to enrol more people and expand your network as much as you can. A successful MLM marketer is the one who has the biggest network of members under him or her.

Keep on increasing your network day by day

Now you got to expand your sphere of interest. You have to keep enrolling new people daily and that is a challenge.

You will not succeed if you cannot enroll new people in your network. You must be smart enough to learn various tricks about getting new members.

You could learn it from seniors and others who have great experience.

Focus on advertising skills and leadership quality

I will continue with last point saying focus on adverting skills. If you have to enroll new customers then focus on advertising.

You will be putting ads on newspaper, internet and public places like bus stops, college campuses, hospitals, parks etc.

Advertising must be powerful so that you can get member.

You also need great leadership quality.

It is because you would be managing dozens of new members under your leadership.

You got to guide them and tell everything what they need to do. Your success depends upon their success hence you have to ensure that they succeed. Teach them how to operate the website rcmbusiness.com and how they can enrol the new members.

So leadership quality is very important.

RCM Frequent Q and A

Q: Can you and your family buy and use products regularly?

A: Yes all your family can buy and use the RCM products and everyone is doing it.

Q: After you bought products from the company, do you get anything back? Or Manufactures, Dealers or Distributors give a share of profit or some income?

A: No, you will not get any money back or share of their profit. It is because you make your own money and you don’t have to depend upon distributors or dealers.

So you do not get anything back after you purchase RCM products.

Q: Are products cheap or very expensive?

A: Well, the products are generally cheap but some of them could be expensive also. So you have to choose according to your need.

Q: Who is prime beneficiary of all this, Manufacturers, Dealers, Distributors or the Customer?

A: If you want to know the reality then all of them are beneficiaries. But in the end you make most of the money as you get more members under you.

Q: I want to get in-depth knowledge about the program and the company. How do I get that?

A: Well you could visit their website www.rcmbusiness.com and find out more information. Read every page their and understand about the company. Moreover, you could also talk to their customer support and find out more information talking directly to agent there.

Q: Could I make money with RCM MLM program and become rich?

A: Yes there is an opportunity but you got to smart enough and know how to use RCM. You can definitely become rich if you work hard.

RCM Business Direct Seller

For becoming a direct seller for RCM you should have following documents.

  1. Two Passport size colored photograph (Applicant Name Father/Husband Name on Back Side ).
  2. Self attested photocopy of any of the following documents for photo identification.
    1. Passport (Valid)
    2. PAN Card
    3. Voter’s Identity Card
    4. Driving License (Valid)
  3. Self attested Photocopy of any of following documents for address proof:-
    1. Telephone bill not older than 6 months
    2. Bank account statement not older than 6 months(Attested by Bank)
    3. Electricity bill not older than six months
    4. Ration card
    5. Passport (Valid)
    6. Driving License (Valid)
    7. Voter’s Identity Card

Product Lists

Some of the products that RCM has are the following

TOOTHPASTE, TOOTH BRUSH, SOAP, DETERGENT, LIQUID BLUE, PULSES(DAL), SALT, CHILLI POWDER, ALL TYPES OF SPICES, HALDI POWDER, FLOUR (ATTA), TEA COFFEE, BISCUIT, PICKLES, SQUASH, FRUIT JAM, COOKING OIL, PAPAD, TOMATO SAUCE, HEALTH DRINKS, CHAVAN PRASH, DHANIA, HING, HAJMOLA, HAIR OIL, SHAMPOO, FLOOR CLEANER, UTENSIL CLEANER(SOAP/LIQUID), FINAYLE, MOSQUITO COIL, HAND WASH, NAPTHOLIN, PEN, PENCIL, KHATA, SHIRTS, SUIT LENGTH, SAREES, UNDER GARMENTS, COMPUTER ELECTRONICS, INSURANCE, STATIONERY

RCM Fraud

Finally I would conclude by saying you have to be very careful when it comes to MLM frauds. Today most of the MLM programs are fraud like Speak Asia which was the fraud of the decade.

Hence, before making any decision you have to be careful and find out every single detail about the company and their plan.

Always speak to their customer support and find out more information. This way you can surely avoid a big fraud.

This article is contributed by Shashi Suman from Bangalore who likes to write about MLM topics.





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