Tag: An

Free Building an Online Business Online Course #advertise #your #business

#free online business

#

Building an Online Business Course

Study at your own pace!!

Course Description

Building an effective online presence is critical for growing your business as it gives your company access to thousands or millions of local, national or international customers who are searching, interacting, sharing and shopping online. In this course you will learn why you must get your business up and running on the Web using e-commerce sites, review sites and social networks. You will also learn that having a Website which is easy to navigate, is informative, and has a good domain name, the right design template and memorable Web copy will help your business stand out from the competition. The course discusses why it is important to have a presence on the mobile Web and how to attract your target audience using tools like Google AdWords. This course will be of great interest to all business owners who are thinking of setting up a Website for their business but are uncertain of how to go about doing it. It will also be beneficial to any company or organisation that wants their existing Website to be more effective at attracting potential customers.

CERTIFICATION

To qualify for your official ALISON Diploma, Certificate or PDF you must study and complete all modules and score 80% or more in each of the course assessments. A link to purchase your Diploma certificate will then appear under the My Certificates heading of your My Account page.

LEARNING OUTCOMES

Learning outcomes
– How the internet will help your business to attract customers and encourage growth;
– Creating effective design;
– Getting your website found on Google search;
– Getting your website to show up in a local search;
– How a mobile website is important;
– Learn about Google Analytics;

Building an effective online presence is critical for growing your business as it gives your company access to thousands or millions of local, national or international customers who are searching, interacting, sharing and shopping online. In this course you will learn why you must get your business up and running on the Web using e-commerce sites, review sites and social networks. You will also learn that having a Website which is easy to navigate, is informative, and has a good domain name, the right design template and memorable Web copy will help your business stand out from the competition. The course discusses why it is important to have a presence on the mobile Web and how to attract your target audience using tools like Google AdWords. This course will be of great interest to all business owners who are thinking of setting up a Website for their business but are uncertain of how to go about doing it. It will also be beneficial to any company or organisation that wants their existing Website to be more effective at attracting potential customers.

Not for download or distribution.

03 December 2012

Course Duration (Avg Learner):

Minimum Grade/Class Level:

Elīna Ciunele Latvia It gives you a very basic information about online business and google products 2016-07-19 12:07:00

Esther F United Kingdom Loved this course. It was simple and straight to the point. I loved the fact that we were given practical steps to take. Would highly recommend. 2016-07-15 18:07:06

Sonya Rooks United States of America Really informative. Thanks 2016-07-14 21:07:00

Jens Abustan [[]] To learn a lot of ideas about online business 2016-07-07 04:07:51

Jens Abustan [[]] To build a business through online 2016-07-07 04:07:29

Said Fuad Kenya Very informative 2016-07-04 13:07:14

Suzanne Sanders United States of America Good review of the processes; however, feel a bit outdated. Nevertheless, as always–appreciate the leg up folks! 2016-06-07 00:06:26

Rachit Gupta India It was a great Learning Experience. 2016-05-27 10:05:08

Lim Chieh Fu United States of America A nice course, just my opinion, maybe can add more information about how to do online businesses, such as selling, transactions, marketing. Thanks Alison! 2016-05-27 07:05:13

Ajmal Ashraf India It’s a good course mentioning the “GOOGLE” way of setting up online businesses. 2016-05-26 20:05:21





Tags : , , , , ,

4 Steps to Starting an Online Business #business #analytics

#start online business

#

4 Steps to Starting an Online Business

In many ways, starting an online business is similar to starting a brick-and-mortar store. You’ll plan your business, organize your funding, produce your product, and get to work. But, there are unique aspects of running an online-only business that would-be entrepreneurs need to consider.

I’ve laid out a few of the various types of online businesses that you might be interested in starting, both those based around existing platforms like Etsy and eBay, and self-hosted eCommerce sites. We’ll also go over the process for starting an online business, and the steps you’ll need to take to get your business up and running.

In addition, you’ll find links throughout this article to other Bplans articles, which you’ll definitely want to check out. They’ll help you go into more detail about the different aspects of starting your online business, such as setting up your website and how to register your business name.

The different types of online businesses:

Wondering what type of online business to start? There are a few different options, and the best type to start will largely depend on your specific business, and what it is you’re selling.

An eCommerce site:

An eCommerce site is the most direct form of online business you can start; with a self-hosted eCommerce site, you will be selling your goods and services directly to your customers, without a “go-between” such as eBay or Etsy (we’ll get to those more later).

The best part about a direct eCommerce site is the level of control you have over your store. You’ll be able to customize virtually all the options when setting up your own eCommerce site, such as the complete look and feel of your store, but this flexibility makes the process that much more complicated, too.

Your biggest considerations with an eCommerce site will be setting up your website to offer the best user experience. Choosing the right web design is crucial, as is making sure that your shopping cart software is well-suited for your business. Be sure to check out the various shopping cart options available—from Shopify to X-Cart and many more.

An Etsy store:

An Etsy store is, by comparison, relatively easy to set up. The format of an Etsy store remains relatively similar store to store, though you will have the ability to customize your layout a little. However, all customers will buy through the Etsy interface, and the legwork to get your site up and running is minimal. This may be a positive or a negative to you, depending on how much control you wish to maintain over your site.

The biggest consideration, aside from the lack of flexibility? Etsy is a site for creative types, and focuses on handmade items. Now, if you sell handcrafted goods, resell vintage items, create and sell your art, and so on, you’ll fit in on Etsy no problem—in fact, it might be perfect for you.

But, if what you’re selling will be mass-produced, you’ll want to steer clear; although Etsy has recently made it clear that while they allow their sellers to potentially partner with outside businesses to make their products, mass-produced goods are not welcomed on Etsy.

An eBay store

Similar to Etsy, starting an eBay store has some significant advantages, which are also at the same time potential downsides. As with Etsy, you won’t have to set up a website, customize your online storefront, or choose a shopping cart software—when you use eBay to sell your products, that’s all included.

However this means, like Etsy, that your customers will have to go through eBay to buy from you, and you’ll also have little control over the visual layout of your store. As with Etsy, this may be a pro or a con for you, depending on your business.

Unlike Etsy, there is no stipulation with eBay stores that the goods be handcrafted or vintage resale. However, there are still certain items that are prohibited, so make sure to look into the details of selling on eBay before you decide that it’s the right choice.

A site with no physical goods sold

That’s all fine and good, but what if you’re not selling physical goods, but rather consulting or other services?

If your business still needs to accept payment via your site, you’re most likely better off setting up your own website, with a very simplistic shopping cart software. However, Etsy is home to plenty of web design businesses, for example, so this platform isn’t altogether out of the question.

Steps to starting an online business:

1. Plan your business

Like any business, you’ll need a plan. Your planning process should include thorough market analysis, plans for how you’ll fund product production, and perhaps a SWOT analysis to begin your planning process.

2. Write your business plan

Once you’ve done a bit of preliminary planning, it’s time to write your business plan. Unless you’re asking for funding from the bank, an investor, or have a similar “business plan event” coming up, you’re better off sticking to a lean business plan. A lean plan is quicker and easier to write, and distills your plan down to the essentials.

3. Register your domain name and set up your website

If you’ve chosen to set up your own eCommerce site outside of a platform such as eBay or Etsy, you’ll want to make sure your chosen domain name is available and ready for use. Once you’ve secured it, the process of setting up your business website begins. You can choose to outsource this to a professional, or DIY it with our handy guide.

4. Make it legal

There are a few steps you’ll have to take to make sure your business is legal. While generally speaking, the same rules apply for online businesses as brick-and-mortar businesses, there are a few subtle differences:

Read up on online business regulations

The most important distinction when it comes to doing business online versus in person is online business law. These laws regard the distribution of your customers personal information, as well as other privacy and intellectual property regulations. The SBA gives a thorough rundown of the specifics of online business law, so make sure to brush up on them before you start your online business.

Visit your secretary of state’s websitefor state-specific requirements

State specific requirements will, naturally, vary state by state. For instance, you’ll be required to collect state sales tax from your customers. Visit your local secretary of state office’s website for more information on compliance at a state level.

Learn about tax obligations for running an online business

Do you operate your business from your home? If you run an online business, it’s likely. As such, you may be eligible for certain tax deductions. You’ll additionally be required to pay income tax, so before setting up your online business, it may be a good idea to consult with a lawyer and make sure that you’re all covered going forward.

Ultimately, starting an online business is very similar to starting a business with a physical storefront. The planning and legal aspects remain similar; while you may not be faced with the prospect of finding a retail location, you’ll still want to make sure you’ve got a solid plan for your business, a great website, and have dotted all your i’s and crossed your t’s before you start selling.

However, while starting an online business does involve some initial legwork, the low cost of overhead and flexibility of the platform make starting an online business a great choice for many entrepreneurs.

Do you have questions on starting an online business, or tips to offer fellow entrepreneurs?

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.





Tags : , , , , , ,

Starting an online business #business #card #templates

#start online business

#

You need to have a viable business idea. You must also have what it takes to make it work. You also must have enough money.

If you’ve got what it takes to start your own business, and you’ve done your research, forming a business is the next exciting leg on the journey.

Many people struggle with the financial side of managing their small business. Not everyone has a head for figures or wants to become an accountant.

If you want to run a legitimate enterprise, you must pay tax. It’s worth understanding your tax obligations before you start up to factor them in.

Many people, including some leading business representatives, argue that small firms are over burdened by the weight of business law.

It might be a cliché, but it remains true – planning without action is futile, while action without planning is fatal. You need a business plan.

Marketing matters. Marketing drives sales for businesses of all sizes by ensuring that customers think of their brand when they want to buy.

Premises provide the second-biggest overhead for many businesses. If you can start your business from your home, it will be much easier to break even.

The success or failure of a business can often rest in the hands of its most valuable asset – its people. But managing them can be a challenge.

There can’t be many firms in the UK, however small, that don’t use IT in some way. Many businesses simply couldn’t exist without IT.

Half of all new businesses fail within five years. So how do you survive and thrive? Find out how to scale up and become a high-growth business.

Starting an online business





Tags : , , ,

Expert Interview with Noah Wieder on the benefits of owning an ATM #business #loan

#atm business

#

Expert Interview with Noah Wieder on the benefits of owning an ATM

Cash is still king in plenty of places, which is why ATMs are more popular than ever, says Noah C. Wieder, CEO of ATM Depot .

ATM users prefer to pay with cash to avoid credit card debt and interest charges, and merchants also prefer cash users; so having an ATM nearby helps them lower their credit card processing fees.

“So it’s a win-win for merchants who either own and operate their own ATM or who contract with an IAD to operate one for them,” he adds.

Noah recently checked in to tell us about the benefits of investing in an ATM machine and give us a crash course on becoming an independent ATM deployer. Here’s what he had to say:

Tell us the story behind ATM Depot. What’s on your site? Who should be reading it?

ATM Depot caters to individuals, investors, entrepreneurs and independent ATM deployers (IAD’s) looking for a flexible, friendly, experienced and honest ATM company. We believe in transparency in an industry where we see a lot of secrets and scams .

Who can invest in an ATM machine?

Literally, anyone can invest in an ATM. Retailers; commercial landlords; city governments looking to increase revenues at parks, museums and other public places; entrepreneurs; and anyone who can count money.

The cost to enter the ATM business is amazingly low. Many ATM models can be purchased for under $2,500 including shipping. The cost of not working with an experienced ATM company is the expensive part. The cost of learning from mistakes can get expensive.

A better question is who can operate an ATM. Most investors and entrepreneurs can invest or operate an ATM business unless they have a felony criminal record or have been involved in any type of financial crime.

What are the benefits of investing in and managing ATM machines?

It’s very similar to most passive income business models. Benefits include:

  • Working your own hours
  • Excellent annual returns (even on locations that only have three or four users per day)
  • Minimal investment, relatively low risk
  • Getting to meet and work with great people
  • No more trading time for money
  • Great ROI

What considerations should someone who’s interested in investing in an ATM machine make before purchasing one?

They should read everything they can about the business. A couple of links to some of the papers I’ve authored:

Of course, I recommend my book, The Amazing Money Machine, where I explain the entire business from start to finish. ATMdepot.com also offers serious investors a private members’ area where they can get proprietary information, forms and videos that are reserved for our IADs.

Get a handle on your cash with Mint.com .

What are the disadvantages and/or risks associated with these machines?

As with any business, the biggest risk is loss of capital; however, with the ATM business that risk is minimized since the biggest investment is the ATM hardware, which is an asset that can always be moved to a new location.

Another risk is vandalism and/or theft, but inexpensive insurance is available; and in my 20+ years in the business we’ve experienced very few of those issues (but they can occur).

Machines do need to be serviced and cleaned regularly to make sure they remain in the best working order. While not usually an issue, there can be cash jams, printer jams, communication problems or electrical surges that can bring the ATM offline (a good surge protector is key).

ATMDepot.com offers toll free 24/7 tech support and most issues can be resolved over the phone, but if an ATM investor owner-operator needs more help, a field service call can be arranged quickly.

Where are the best locations for ATM machines?

This is a big question and also varies by geography.

While everyone knows that convenience stores, casinos, supermarkets and adult retailers are great locations, they are difficult to obtain.

The best locations are high traffic places where people need cash, like stores that don’t accept credit cards or where a bank might be several blocks away.

My book has an entire in-depth chapter dedicated to this topic. A good ATM company can help their IADs evaluate locations using a variety of tools including Google Maps (satellite view) to help access the area, Zillow or SearchBug Tools to hone in on certain neighborhoods and geographic characteristics to further evaluate the potential of a location.

Where do we go to purchase an ATM machine?

ATMs can be purchased from several different ATM companies; it’s important to compare features and models carefully. New laws and compliance requirements are forcing existing ATM operators to upgrade machines, and some non-compliant machines that should be recycled are showing up for sale on websites. Some machines are non-ADA compliant, some ATMs have old software and hardware that cannot be upgraded; so it’s important to purchase ATM machines from reputable firms with the most updated information on what ATM models are outdated.

I wrote an eBay guide about the five questions to ask before buying an ATM since I saw so many scams on eBay for used machines.

How are the machines stocked? Who handles stocking them?

There are several ways to load an ATM. It’s as easy as loading a napkin holder.

The person loading the ATM is called the vaulter. Vaulters could be the ATM owner, a professional independent cash vaulter, an armored car service, or a trusted third party. The important thing to remember is that if the vaulter is not consistent and lets the machine run out of cash, then the ATM owner and the store lose money and customers get upset. So vaulting is a very important component of the business.

The most costly vaulter is an armored car and a cash management service, but it’s also the most reliable. So for a very busy machine, this can be beneficial; but the ATM also requires a significant lock upgrade for armored car auditing.

The additional lock can increase the cost of the ATM by $600 to $650, which can be significant on a $2,500 machine. The least expensive solution is to have the location be the vaulter and share the revenue or pay a set per transaction fee.

What types of machine models are available?

We currently like the Hyosung and Genmega ATMs as they are fairly priced and very reliable. There are many different models, many of which suited to different applications. It’s best to work with someone from our office once a location is selected.

Recommendations can then be made based on available space, traffic estimates, cash needs, visibility, and indoor/outdoor or freestanding/through-the-wall models.

There are many questions that should be asked and answered before a specific machine is ordered by an investor. Preservation of capital, ROI, and profit potential should all be considered.





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

Why Should I Incorporate My Business or file an LLC? #business #from #home

#incorporating a business

#

Why Incorporate ?

Choosing how a business is organized may be one of the most important decisions a business makes. Incorporation may be the wisest decision, but for some, it may be an unnecessary decision, and so each business should carefully assess the benefits (and challenges) of incorporation before moving forward. With that said, the greatest benefits to incorporation can be summarized into the 3Ls: Life, Liquidity, and Liability. Let’s start with Life.

Life

The best way to understand a corporation is to imagine it as a separate artificial person (with limited rights and privileges). Incorporating a business is essentially creating that separate person thereby making the business separate from the owner (in a sense, the business has a life of its own). As a separate entity, the corporation exists independent from the shareholders/owners and its employees. Regardless of what happens to the shareholders, or the directors, or the employees, the corporation itself continues to exist in perpetuity until a time the directors and shareholders decide to dissolve a corporation. In a sole proprietorship or general partnership where the owner(s) is the business, what affects the owner may affect the business. Any personal debt or liability of an owner or partner allows the creditor(s) to pursue the assets of the business whether or not the debt or liability has any relation to the business itself. Furthermore, personal bankruptcy of an owner or partner will directly impact a business by opening up its assets to any creditors the owner or partner is liable to. By incorporating a business. the personal finances of an owner or partner remains separate from the finances of the corporation and allows the business to continue without disruption. In the event of an unfortunate death of an owner or partner, the business is generally dissolved regardless of the wishes of the owner or partner(s). All of this could easily be avoided by incorporating the business as a separate entity.

Liquidity

As much as we believe that all owners of a business should remain forever committed to the success of the business, there may be times when an owner or partner will need to leave the business. Regardless of the reasons for leaving the business, incorporation allows the free transferability of interest from one person to another. Generally in a partnership, a partner cannot transfer his/her interest in a business to another without the express consent of all other partners. If a partner still decides to leave the partnership against the will of the other partners, the partnership is automatically dissolved. Incorporating a business removes this limitation by allowing shareholders/owners to freely transfer his/her interest to another without the unanimous consent of all other shareholders. Small businesses may see the restrictions against transferring shares as a good thing and may want to control how a shareholder may transfer his/her interest and to whom. Incorporation allows this flexibility as well. The free transferability of shares is a default rule, but by no means is it mandatory for all incorporated businesses. Businesses have the option to place restrictions on the transferability of certain shares and so even if this benefit of liquidity may be seen as a detriment to a business, incorporation lets the business decide whether or not to take advantage of this option. More importantly, unlike a partnership, incorporation prevents the ability of a minority shareholder from dissolving a business without cause.

Liability

One of the greatest benefits for incorporation is its limited liability against the shareholders. As mentioned above, any debt or liability against a specific shareholder remains separate from the corporation. Likewise, the inverse is similarly true. Any debt or liability against a corporation does not open the doors of shareholders’ assets to the creditor(s). The shareholder’s liability in any corporate debt or liability is limited to what the shareholder invested (unless there is fraud). In a sole proprietorship or general partnership, the owner(s) and/or general partners remain completely liable to any debt or liability placed against the business. If a business is unable to pay a debt, the creditor can attack the assets of an owner or partner until the debt is satisfied. In a corporation, a creditor can only attack to the extent the shareholder invested into the corporation (unless there is fraud). This allows the corporation to make business decisions without the risk of endangering the personal assets of its shareholders beyond what was invested. Risk is a necessary element to a successful business. Anything that minimizes the risk to investors makes the business more attractive, and so the limited liability of an incorporated business is quite valuable.

Taxes

The major detriment to incorporation is the taxes involved. In a sole proprietorship or partnership, the taxable income of the business flows directly to the owner and/or partners and are taxed based upon the individual’s income tax bracket. However, because the corporation is considered a separate entity, the taxable income of a corporation is taxed first under a corporate tax. If the corporation decides to distribute the remaining income to the shareholders, that income is taxed once more based upon the individual’s income tax bracket (essentially, a double-taxation). The marginal tax rate for a corporation can be significantly higher than the marginal tax rate for a sole proprietorship. Although this characteristic of incorporation may deter a business from incorporating, small businesses can avoid this double-taxation by taking advantage of the options given to a corporation by the states. Some options include incorporating as an S-corporation (see below) or filing as a Limited Liability Company (LLC) (see below). These options allow the taxable income to flow directly to the shareholders/members without being taxed twice, while at the same time, maintaining the benefits of incorporation. The 3Ls are important benefits, but not the only benefits. There’s also something psychologically beneficial about incorporating that goes beyond the number crunching and legal issues involved. Incorporation may seem to be a daunting task, but it is also an exciting moment in the life of a business. First conceived through an idea, a business can be birthed at the point of incorporation. No longer will it simply be an idea or something intangible, but an actual and existing entity. Sometimes this psychological step of seeing the business as something real will further motivate and inspire you to bring greater success to your business.

Reduced Chance of Tax Audit

Sole proprietors tend to be more likely to file incorrect returns (many are self-prepared). and tend to under report revenue or over report deductions. For these reasons, the IRS has audited a much higher percentage of sole proprietor tax filings than corporate filings in recent years. In tax year 2006, a Schedule C filer stood a 1 in 32 chance of being audited. For non-business filers, the odds were around 1 in 124. This means that sole proprietors are significantly more likely to be audited.

Build Credibility

Distinguishing yourself from the competition by establishing a professional identity helps increase credibility with your customers. Most businesses choose to incorporate a business to prove their legitimacy to both customers and suppliers. Adding “INC.” or “LLC” after your business name gives you the credibility and professionalism that many customers are looking for.

You could file all the necessary incorporation documents yourself. However, when you consider the time involved for filing, administering, and maintaining all the documents necessary to keep your business running legitimately. why would you? Let us help you get it done, so you can get back to business!

  • Forming a business with MyCorporation is a cost-effective way to protect personal assets and gain potential tax savings.
  • Our incorporation services start at just $69 (plus required government fees).
  • Lawyers charge, on an average, over $200 per hour. With our document filing services. you’ll know exactly what you are getting, and how much it costs from the very beginning.

Was this article helpful?

Terms and conditions, features, support, pricing and service options subject to change without notice. Intuit and QuickBooks are registered trademarks of Intuit, Inc. Copyright 1997-2016, MyCorporation All Rights Reserved. MyCorporation is a Document Filing Service and CANNOT provide you with legal or financial advice. The information on the website is designed to provide accurate and authoritative information in regard to the subject matter covered. It is presented with the understanding that MyCorporation is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. From a Declaration of Principles jointly adopted by a Committee of the American Bar Association and a Committee of Publishers and Associations.

Get State Specific Filing Information





Tags : , , , , , , , , ,

Present Value of an Annuity #present #value #of #an #annuity, #pva, #present #worth #of

#

Present Value of Annuities

An annuity is a series of equal payments or receipts that occur at evenly spaced intervals. Leases and rental payments are examples. The payments or receipts occur at the end of each period for an ordinary annuity while they occur at the beginning of each period.for an annuity due .

Present Value of an Ordinary Annuity

The Present Value of an Ordinary Annuity (PVoa) is the value of a stream of expected or promised future payments that have been discounted to a single equivalent value today. It is extremely useful for comparing two separate cash flows that differ in some way.

PV-oa can also be thought of as the amount you must invest today at a specific interest rate so that when you withdraw an equal amount each period, the original principal and all accumulated interest will be completely exhausted at the end of the annuity.

The Present Value of an Ordinary Annuity could be solved by calculating the present value of each payment in the series using the present value formula and then summing the results. A more direct formula is:

Where: PVoa = Present Value of an Ordinary Annuity PMT = Amount of each payment i = Discount Rate Per Period n = Number of Periods

Example 1: What amount must you invest today at 6% compounded annually so that you can withdraw $5,000 at the end of each year for the next 5 years?

PVoa = 5,000 [(1 – (1/(1 + .06) 5 )) / .06] = 5,000 (4.212364) = 21,061.82

Example 2: In practical problems, you may need to calculate both the present value of an annuity (a stream of future periodic payments) and the present value of a single future amount :

For example, a computer dealer offers to lease a system to you for $50 per month for two years. At the end of two years, you have the option to buy the system for $500. You will pay at the end of each month. He will sell the same system to you for $1,200 cash. If the going interest rate is 12%, which is the better offer?

You can treat this as the sum of two separate calculations:

  1. the present value of an ordinary annuity of 24 payments at $50 per monthly period Plus
  2. the present value of $500 paid as a single amount in two years.

PMT = 50 per period
i = .12 /12 = .01 Interest per period (12% annual rate / 12 payments per year)
n = 24 number of periods

PVoa = 50 [ (1 – ( 1/(1.01) 24 )) / .01] = 50 [(1- ( 1 / 1.26973)) /.01] = 1,062.17

FV = 500 Future value (the lease buy out)
i = .01 Interest per period
n = 24 Number of periods

The present value (cost) of the lease is $1,455.95 (1,062.17 + 393.78). So if taxes are not considered, you would be $255.95 better off paying cash right now if you have it.

Present Value of an Annuity Due (PVad)

The Present Value of an Annuity Due is identical to an ordinary annuity except that each payment occurs at the beginning of a period rather than at the end. Since each payment occurs one period earlier, we can calculate the present value of an ordinary annuity and then multiply the result by (1 + i).

Where: PV-ad = Present Value of an Annuity Due PV-oa = Present Value of an Ordinary Annuity i = Discount Rate Per Period

Example: What amount must you invest today a 6% interest rate compounded annually so that you can withdraw $5,000 at the beginning of each year for the next 5 years?





Tags : , , , , , ,

Make an Impact – University of Bath #business #plan #writing

#business courses online

#

Make an Impact: Sustainability for Professionals

0:10 Skip to 0 minutes and 10 seconds Welcome to the University of Bath, one of Britain’s leading universities.

0:38 Skip to 0 minutes and 38 seconds Our campus brings together academic expertise, with a wide range of international, industrial, academic, and stakeholder partners to carry out world changing research in sustainable development.

0:55 Skip to 0 minutes and 55 seconds Our research is making a real difference to the way we live our lives. Our engineers are exploring new ways of fuelling our future, from hydrogen storage, to the development of more efficient engines.

1:10 Skip to 1 minute and 10 seconds Our architects are changing the way we live, creating low cost homes from innovative materials that look great, are healthy to live in, and use less energy to keep warm.

1:24 Skip to 1 minute and 24 seconds Our scientists are developing better solar panels, and creating bio diesel from algae grown in the city’s famous Roman baths.

1:37 Skip to 1 minute and 37 seconds We are also influencing sustainability policy, from contributing to national environmental politics, to broadening the understanding of corporate social responsibility.

1:48 Skip to 1 minute and 48 seconds Having a sustainability strategy is becoming more and more important for all businesses today. For some organisations, it’s now part of their overall strategy to stay ahead and to improve their market share. Others are pushed into it through business requirements.

2:11 Skip to 2 minutes and 11 seconds My name is Dr Emma Patterson, and I’m the lead tutor of this course. I hope you’ll join us to discover more about sustainability, and how you can make a difference to your own organisation. We don’t expect any previous experience, just a willingness to actively take part.

2:35 Skip to 2 minutes and 35 seconds Over six weeks we’ll explore topics such as key drivers for sustainability, the importance of stakeholder engagement, and innovation for sustainability.

2:47 Skip to 2 minutes and 47 seconds You’ll be hearing ideas from University of Bath’s sustainability researchers, and from industry professionals. We’ll also be encouraging you to put forward your own ideas, and to be involved in group discussions with your fellow learners. Our researchers here at the University of Bath are setting a new path for the future, creating a more sustainable world. Join us. Develop your awareness of sustainability issues, and use your new knowledge to develop a sustainability strategy for your own organisation.

About the course

This free online course will cover the basic definitions and history of sustainable development and sustainability in business – from a niche interest to the present day.

We’ll find out how and why businesses now routinely incorporate sustainable development, via corporate social responsibility policies, product innovation and new business models.

Explore the key drivers to sustainability

We’ll explore the key drivers to sustainability: the use of standards; the importance of stakeholder engagement; governance (including the use of codes of conduct); innovation for sustainability; the use of metrics and indicators; and the application of management tools.

We’ll also touch on international perspectives towards sustainable development and how these impact on business activities around the world.

Influence sustainable development in your own company

The course will help you assess each topic in relation to your own business experiences, whatever sector interests you and wherever in the world you’re based. We’ll explore how you can use your personal interests to influence sustainable development in your company.

Educators





Tags : , , , , , ,

4 Steps to Starting an Online Business #start #up #business

#start online business

#

4 Steps to Starting an Online Business

In many ways, starting an online business is similar to starting a brick-and-mortar store. You’ll plan your business, organize your funding, produce your product, and get to work. But, there are unique aspects of running an online-only business that would-be entrepreneurs need to consider.

I’ve laid out a few of the various types of online businesses that you might be interested in starting, both those based around existing platforms like Etsy and eBay, and self-hosted eCommerce sites. We’ll also go over the process for starting an online business, and the steps you’ll need to take to get your business up and running.

In addition, you’ll find links throughout this article to other Bplans articles, which you’ll definitely want to check out. They’ll help you go into more detail about the different aspects of starting your online business, such as setting up your website and how to register your business name.

The different types of online businesses:

Wondering what type of online business to start? There are a few different options, and the best type to start will largely depend on your specific business, and what it is you’re selling.

An eCommerce site:

An eCommerce site is the most direct form of online business you can start; with a self-hosted eCommerce site, you will be selling your goods and services directly to your customers, without a “go-between” such as eBay or Etsy (we’ll get to those more later).

The best part about a direct eCommerce site is the level of control you have over your store. You’ll be able to customize virtually all the options when setting up your own eCommerce site, such as the complete look and feel of your store, but this flexibility makes the process that much more complicated, too.

Your biggest considerations with an eCommerce site will be setting up your website to offer the best user experience. Choosing the right web design is crucial, as is making sure that your shopping cart software is well-suited for your business. Be sure to check out the various shopping cart options available—from Shopify to X-Cart and many more.

An Etsy store:

An Etsy store is, by comparison, relatively easy to set up. The format of an Etsy store remains relatively similar store to store, though you will have the ability to customize your layout a little. However, all customers will buy through the Etsy interface, and the legwork to get your site up and running is minimal. This may be a positive or a negative to you, depending on how much control you wish to maintain over your site.

The biggest consideration, aside from the lack of flexibility? Etsy is a site for creative types, and focuses on handmade items. Now, if you sell handcrafted goods, resell vintage items, create and sell your art, and so on, you’ll fit in on Etsy no problem—in fact, it might be perfect for you.

But, if what you’re selling will be mass-produced, you’ll want to steer clear; although Etsy has recently made it clear that while they allow their sellers to potentially partner with outside businesses to make their products, mass-produced goods are not welcomed on Etsy.

An eBay store

Similar to Etsy, starting an eBay store has some significant advantages, which are also at the same time potential downsides. As with Etsy, you won’t have to set up a website, customize your online storefront, or choose a shopping cart software—when you use eBay to sell your products, that’s all included.

However this means, like Etsy, that your customers will have to go through eBay to buy from you, and you’ll also have little control over the visual layout of your store. As with Etsy, this may be a pro or a con for you, depending on your business.

Unlike Etsy, there is no stipulation with eBay stores that the goods be handcrafted or vintage resale. However, there are still certain items that are prohibited, so make sure to look into the details of selling on eBay before you decide that it’s the right choice.

A site with no physical goods sold

That’s all fine and good, but what if you’re not selling physical goods, but rather consulting or other services?

If your business still needs to accept payment via your site, you’re most likely better off setting up your own website, with a very simplistic shopping cart software. However, Etsy is home to plenty of web design businesses, for example, so this platform isn’t altogether out of the question.

Steps to starting an online business:

1. Plan your business

Like any business, you’ll need a plan. Your planning process should include thorough market analysis, plans for how you’ll fund product production, and perhaps a SWOT analysis to begin your planning process.

2. Write your business plan

Once you’ve done a bit of preliminary planning, it’s time to write your business plan. Unless you’re asking for funding from the bank, an investor, or have a similar “business plan event” coming up, you’re better off sticking to a lean business plan. A lean plan is quicker and easier to write, and distills your plan down to the essentials.

3. Register your domain name and set up your website

If you’ve chosen to set up your own eCommerce site outside of a platform such as eBay or Etsy, you’ll want to make sure your chosen domain name is available and ready for use. Once you’ve secured it, the process of setting up your business website begins. You can choose to outsource this to a professional, or DIY it with our handy guide.

4. Make it legal

There are a few steps you’ll have to take to make sure your business is legal. While generally speaking, the same rules apply for online businesses as brick-and-mortar businesses, there are a few subtle differences:

Read up on online business regulations

The most important distinction when it comes to doing business online versus in person is online business law. These laws regard the distribution of your customers personal information, as well as other privacy and intellectual property regulations. The SBA gives a thorough rundown of the specifics of online business law, so make sure to brush up on them before you start your online business.

Visit your secretary of state’s websitefor state-specific requirements

State specific requirements will, naturally, vary state by state. For instance, you’ll be required to collect state sales tax from your customers. Visit your local secretary of state office’s website for more information on compliance at a state level.

Learn about tax obligations for running an online business

Do you operate your business from your home? If you run an online business, it’s likely. As such, you may be eligible for certain tax deductions. You’ll additionally be required to pay income tax, so before setting up your online business, it may be a good idea to consult with a lawyer and make sure that you’re all covered going forward.

Ultimately, starting an online business is very similar to starting a business with a physical storefront. The planning and legal aspects remain similar; while you may not be faced with the prospect of finding a retail location, you’ll still want to make sure you’ve got a solid plan for your business, a great website, and have dotted all your i’s and crossed your t’s before you start selling.

However, while starting an online business does involve some initial legwork, the low cost of overhead and flexibility of the platform make starting an online business a great choice for many entrepreneurs.

Do you have questions on starting an online business, or tips to offer fellow entrepreneurs?

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.





Tags : , , , , , ,

Which Schools Offer an Online Degree in Music Therapy? #music #therapy #bachelors #degree #online,

#

Which Schools Offer an Online Degree in Music Therapy?

Music therapy uses soothing audio for healing purposes and is a powerful rehabilitation tool for people with physical and mental afflictions. If you are interested in music therapy, you can find online master’s degree programs through Indiana University-Purdue University-Indianapolis and Colorado State University. Read on for details about these online master’s degree programs. Schools offering Allied Health degrees can also be found in these popular choices.

What Is Music Therapy?

Music therapy is an alternative form of treatment that uses sounds and music for a variety of healing purposes, such as pain relief, memory recovery and stress reduction. As a music therapy professional, you treat patients with mental disorders, physical handicaps and other disabilities. Once you have completed a bachelor’s program in music therapy, you are eligible to become board certified by the Certification Board for Music Therapists.

Important Facts about Music Therapy

Music foundations in therapy, composition for practitioners, research methods

Music therapy in a variety of settings, including general and psychiatric hospitals, rehabilitation centers, nursing homes, schools and private practice

Certification is likely required, particularly to practice in hospitals and other clinical settings

Empathy, patience, creativity, and imagination

Online Degree Programs

Online graduate degree programs in music therapy are available for board-certified music therapists who want to pursue a higher degree. Online programs can help you save money on room and board and offer you freedom to continue working full-time as you pursue graduate-level study. Some programs require short campus visits.

You’ll need a newer computer with a fast Internet connection. Music therapy courses may require you to purchase or download special software for listening to, recording and composing music. Online master’s degrees include a Master of Science in Music Therapy offered by Indiana University-Purdue University Indianapolis and a Master of Music in Music Therapy from Colorado State University.

Indiana University-Purdue University-Indianapolis

The Master of Science in Music Therapy degree program at Indiana University-Purdue University-Indianapolis (IUPUI) is available entirely online. This selective program requires you to have three letters of recommendation, a 3.0 grade-point average from your undergraduate studies, proof of music therapy board certification and an interview.

Through this program, music therapists enhance their critical analysis and use of current research findings in their clinical practice. They also will learn how to utilize the diverse tools that are available today in music technology. This online master’s program consists of 30 credit hours. Music therapy courses focus on the following areas:

  • Research in music therapy
  • Multimedia production
  • Music technology production
  • Clinical practice
  • Musical instrument digital interface (MIDI) applications

Colorado State University

Colorado State University’s online Master of Music in Music Therapy degree program focuses on how to use music in the healing and rehabilitative process. You’ll learn how neurological music therapists treat patients with mental disorders, such as Alzheimer’s disease, Parkinson’s disease and autism. The program includes study in music theory, psychology, music therapy treatments and research methodology.

The program requires you to have a bachelor’s degree and board certification in music therapy to apply. Although the majority of the program is available online, you are required to visit the campus, located in Fort Collins, Colorado, once a year to complete training that is not available via the Internet. You may choose a thesis option or non-thesis option.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.





Tags : , , , , , , , , ,

Why Your Business Phones Need an Upgrade #business #advertising

#business phones

#

Why Your Business Phones Need an Upgrade

The big issue for business is staying on top of its communications requirements. New technology is driving old phone systems beyond their design capabilities. The need now is for business phone systems which are scalable and customizable to manage real business operational needs.

The simple fact is that the baseline needs of business commercial systems are expanding. They need to be able to do a lot more, and manage much bigger demands. The office in your pocket approach to mobile systems alone is creating a reciprocal need for much better phone systems in-house. The big shift in commerce to eCommerce is adding a gigantic extra load on its own.

The point here is that more business equates to more demand for communications and increasing diversification of the need for different services. The time is long past since the days when a simple phone system of the old type can handle the multi-level range of communications a typical business experiences every day.

If you put all your different communications through a single stream system, the result is a range of obstacle courses. The new approach is to create dedicated servers (also known as private servers in the communications industry) to separate and manage the workloads. This is infinitely more efficient and far more productive than the stunningly slow and seemingly procedurally-obsessed single stream systems can ever be.

Consider this situation:

  • A call center receives 5000 calls a day for multiple clients.
  • On the receiving end of these calls are specialists, trained to manage specific tasks.
  • If these calls are managed on a single stream basis, the result is instant inefficiency. It s an entirely inappropriate system for a big call stream.
  • The calls need to be efficiently split up into their proper streams by definition.

This is just a bigger version of the basic issues for any business phone system. Whether you re NASA or a local grocery, you need your calls to get from A to B ASAP. It s impossible to justify the sheer waste of time and money in a phone system which effectively creates delays and a working backlog of business which could and should have been done a lot faster.

Upgrading for Better Business

The new options for telephone systems include two fundamentally different improvements. These are significant upgrades by nature, and they can set up a business system to operate on a fully customized, business-specific configuration with almost no effort required.

  • Private Servers: These are the real fixers for any business phone issues. Dedicated servers are not simply more efficient . They re real managers of communications workloads. They improve response times and service quality dramatically.
  • Contact Centres: The contact centres will ring more than a few bells with project managers and other businesspeople who know what managing a very diverse range of business operations involves. Contact centres are virtual phone systems, configurable to any operational requirements. They can literally create a working call center out of a box. If that sounds a bit different, you can also see the instant business applications.

Add both private servers and contact centres to your phone system, and you’ve achieved a major upgrade, scalable and appropriate for your business, both now and in future. This is good business, and these are the communications systems of the future.

Kushal Tomar is a valued contributor for CosmoBC’s TechBlog. You can follow him through the buttons below. View all posts by Kushal Tomar





Tags : , , , , , ,