How to Write a Business Report for English Learners
By Kenneth Beare. English as 2nd Language Expert
Kenneth is an ESL teacher, trainer, and content developer. He provides consulting services for English language learning projects through Englishfeed. You can follow Kenneth on Twitter. on his Google profile: Kenneth Beare. or on Facebook to stay up to date on his latest English learning materials.
Updated July 28, 2015.
If you would like to learn how to write a business report in English follow these tips and use the example report as a template on which to base your own business report. First of all, business reports provide important information for management that is timely and factual. English learners writing business reports need to make sure that the language is precise and concise. The writing style used for business reports should present information without strong opinions, but rather as direct and accurately as possible.
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Linking language should be used to connect ideas and sections of the business report. This example business report presents the four essentials that every business report should include:
Terms of reference refer to the terms on which the business report is written.
The procedure describe the method that was used to collect data for the report.
The findings describe the data or other important information the report produced.
Conclusions are drawn on the findings which provide reasons for recommendations.
The recommendations are specific suggestions made based on the conclusions of the report.
Read the short example business report and follow the tips below. Teachers can print this examples for use in class in lessons using sound teaching writing strategies .
Reports: Example Report
Margaret Anderson, Director of Personnel has requested this report on employee benefits satisfaction. The report was to be submitted to her by 28 June.
A representative selection of 15% of all employees were interviewed in the period between April 1st and April 15th concerning:
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- Overall satisfaction with our current benefits package
- Problems encountered when dealing with the personnel department
- Suggestions for the improvement of communication policies
- Problems encountered when dealing with our HMO
- Employees were generally satisfied with the current benefits package.
- Some problems were encountered when requesting vacation due to what is perceived as long approval waiting periods.
- Older employees repeatedly had problems with HMO prescription drugs procedures.
- Employees between the ages of 22 and 30 report few problems with HMO.
- Most employees complain about the lack of dental insurance in our benefits package.
- The most common suggestion for improvement was for the ability to process benefits requests online.
- Older employees, those over 50, are having serious problems with our HMO s ability to provide prescription drugs.
- Our benefits request system needs to be revised as most complaints concerning in-house processing.
- Improvements need to take place in personnel department response time.
- Information technology improvements should be considered as employees become more technologically savvy.
- Meet with HMO representatives to discuss the serious nature of complaints concerning prescription drug benefits for older employees.
- Give priority to vacation request response time as employees need faster approval in order to be able to plan their vacations.
- Take no special actions for the benefits package of younger employees.
- Discuss the possibility of adding an online benefits requests system to our company Intranet.
Important Points to Remember
- A report is divided into four areas:
- Terms of Reference – This section gives background information on the reason for the report. It usually includes the person requesting the report.
- Procedure – The procedure provides the exact steps taken and methods used for the report.
- Findings – The findings point out discoveries made during the course of the report investigation.
- Conclusions – The conclusions provide logical conclusions based on the findings.
- Recommendations – The recommendations state actions that the writer of the report feels need to be taken based on the findings and conclusions.
- Reports should be concise and factual. Opinions are given in the conclusions section. However, these opinions should be based on facts presented in the findings .
- Use simple tenses (usually the present simple) to express facts.
- Use the imperative form (Discuss the possibility. Give priority. etc.) in the recommendations section as these apply to the company as a whole.
Continue learning about other types of business documents using these resources:
10 Influential Business Books You Need To Read To Be Successful
10 Influential Business Books You Need To Read To Be Successful
Take a minute and think about some of the most successful people you know.
I d bet they re great with people, are super-productive, and think differently than most. After all, that s how they got to be where they are today.
Jealous of them? You don t have to be. You can learn these same skills by studying some of the best business books that can help you take your game to the next level. Here s 10 of my favorites.
1. How to Win Friends and Influence People by Dale Carnegie
Dale Carnegie s best-selling book that helped to launch a personal growth empire should be required reading for everyone who wants to learn how to build and nurture relationships for a lifetime. Read this book and you ll learn some simple advice than can help you build popularity points within your current network and just as important, expand it to others.
2. Focal Point by Brian Tracy
Got a lot on your to-do list? Of course you do. But what separates productive people from others is their ability to focus on a singular task at a time, and getting it done before moving on to the next one.
Sounds simple in theory, but this can be extremely difficult in practice. In Focal Point Brian Tracy offers tips to help build discipline and organization into your day so you can get more stuff done.
3. Purple Cow by Seth Godin
Creating a me-too product can be easy at the start but can doom you to business failure. That s why marketing maverick Seth Godin recommends creating a product that is truly different from anything already available in the marketplace.
In essence by making the product different you ll be building the marketing into the actual product development which just makes your actual marketing a helluva lot easier.
4. Magic of Thinking Big by David Schwartz
If you ve struggled with procrastination or small thinking, this is the book for you. In it Schwartz offers practical advice that can help you get inspired and motivated to create a bigger life for yourself. And with it can be a more lucrative and rewarding career.
5. Man s Search for Meaning by Viktor Frankel
It can be difficult for lots of people to keep things in perspective, especially when working on high priority and urgent projects at work. Man s Search for Meaning can be a life-changing book in the sense that it can open your eyes to a first-hand experience of one of the greatest atrocities in the history of mankind, while also teaching a valuable lesson about having purpose.
6. 4 Hour Work Week by Tim Ferriss
Solo-entrepreneurs can learn a ton from the guy who made lifestyle design popular. But guess what? The 4HWW isn t just for guys and girls who want to start a small online business.
Smart moves like outsourcing, following the 80/20 rule, and automating processes should be made by entry-level workers and established executives alike.
7. Think and Grow Rich by Napoleon Hill
I remember sitting on a couch and opening this book on a Saturday morning, thinking I d get through a chapter and then get on with my day. Instead, about 12 hours later, I was finished with the book. The concepts in it were mind-blowing to me.
To think that thoughts can create your reality sounded a little far-fetched at first. But after going through the book and understanding that your thoughts create your beliefs, which lead to actions, which then lead to habits .well you can get where I m going with this.
If you focus your thoughts on success, achieving it will be much more likely than thinking about obstacles, failures and everything else that can get in your way.
8. One Minute Manager by Kenneth Blanchard
If you re going to read one management book in your life, this should be it. It s simple. You can read it in an afternoon. And the advice works.
9. Lean Start-Up by Eric Ries
Before you create any sort of business you ll want to give Lean Start-Up a read through. Doing so can save you money, time and other resources you could have potentially wasted otherwise.
10. The Monk and the Riddle by Randy Komisar
The story Randy Komisar shares in the Monk and the Riddle offers advice about not just about how you need to think when starting a new business, but also about how to build a life you re passionate about.
Understanding the technical aspects of launching a start-up is great, but if you don t have the staying power to stick with it when the going gets tough then it s not likely to work. This book can help you understand this lesson before you spend blood, sweat and tears on a project that you re heart isn t into.
Set a Goal For Yourself
There are many definitions of e-business, for example we can defines e-business as any net business activity that transforms internal and external relationships to create value and exploit market opportunities driven by new rules of the connected economy. actually the word e means electronic so it means business via electronic channels as website, social networks and emails. Therefore e-commerce is result of e business.
First of all, look at the word e-business, it includes from two words 1- e 2- business so we can define it electronic business however, it is more than an absolute state of a company and it targets the market opportunities of conducting business under new electronic channels. which revolve around the Internet.
e-business communications in markets
e Business Range
This is an acknowledgement that e business comes in many forms and can be implemented to a very small or a large degree. It is also an acknowledgement that the Internet is an essential component of an e-business strategy. Laudon and Laudon s (2002) definition of e-business, as the use of the Internet and other digital technology for organizational communication, coordination and the management of the firm, encompasses these different adaptations. In the broadest possible terms, however, e-business is an electronic way of doing business. The fact that the value proposition of e-business includes the creation of new market opportunities through electronic channels, should not be ignored as these electronically channeled market opportunities enable companies to lower transaction costs, reduce delivery times, improve customer services, and add convenience.
This site is concerned with the implementation of e-business in the construction industry. In this context, e-business is defined broadly as the conduct of construction business by electronic means.
This fits with broad definitions of the term e-commerce exemplified by the definitions below:
- The Organization for Economic Cooperation and Development (OECD): The electronic exchange of information that support and govern commercial activities including organizational management, commercial management, commercial negotiations and contracts, legal and regulatory frameworks, financial settlement arrangements and taxation (OECD,1999).
- Learnthat. e-Commerce is not just about buying and selling online, but also includes all forms of business activities that are conducted over the Internet (e.g. the business-to-business flow of information between companies or within a company, communication between businesses, online advertising, etc.).
- Kalakota and Whinston: e-Commerce at its grass root level can be described as an electronic method of doing business, typically over the Internet. Broadly defined, however, eCommerce is a modern business methodology that addresses the needs of organizations, merchants and consumers to cut costs while improving the quality of goods and services, and increasing the speed of service delivery .
Thus, the term, e-business, as used in this site should not be considered synonymous with narrow definitions of e-commerce as the process of buying and selling goods and services online.
#business to business
Business To Business – B To B
What does ‘Business To Business – B To B’ mean
Business to business, also called B to B or B2B, is a type of transaction that exists between businesses, such as one involving a manufacturer and wholesaler, or a wholesaler and a retailer. Business to business refers to business that is conducted between companies, rather than between a company and individual consumers. Business to business stands in contrast to business to consumer (B2C) and business to government (B2G) transactions.
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BREAKING DOWN ‘Business To Business – B To B’
A typical supply chain involves multiple business to business transactions, as companies purchase components and products such as other raw materials for use in the manufacturing processes. Finished products can then be sold to individuals via business to consumer transactions. In the context of communication, business to business refers to methods by which employees from different companies can connect with one another, such as through social media. This type of communication between the employees of two or more companies is called B2B communication.
B2B Relationship Development
Business to business transactions require planning to be successful. Such transactions rely on a company’s account management personnel to establish business client relationships. Business to business relationships also must be nurtured, typically through professional interactions prior to sales, for successful transactions to take place. Traditional marketing practices also help businesses connect with business clients. Trade publications aid in this effort, offering businesses opportunities to advertise in print and online. A business’s presence at conferences and trade shows also builds awareness of the products and services it provides to other businesses.
The internet provides a robust environment in which businesses can find out about products and services and lay the groundwork for future business to business transactions. Company websites allow interested parties to learn about a business’s products and services and initiate contact. Online product and supply exchange websites allow businesses to search for products and services and initiate procurement through e-procurement interfaces. Specialized online directories providing information about particular industries, companies and the products and services they provide also facilitate business to business transactions.
Business to business transactions are the backbone of the automobile industry. Many vehicle components are manufactured independently and auto manufacturers purchase these parts to assemble automobiles. Tires, batteries, electronics, hoses and door locks, for example, usually are manufactured by various companies and sold directly to automobile manufacturers. Service providers also engage in business to business transactions. Companies specializing in property management, housekeeping and industrial cleanup, for example, often sell these services exclusively to other businesses, rather than individual consumers.
#import export business
How To Start An Import/Export Business (Part 1 of 2)
Updated August 07, 2016
So you want to sell to the world? You’ve come to the right place. Thanks to the Internet, setting up an import/export business can be ridiculously simple and very profitable. Here are ways to make it happen.
• Select your business name and set up a website and blog.
Without a website or blog, you can t have a networked import/export business. Get yourself a platform that allows you to develop a presence online and grow your business beyond your wildest imagination.
The goal is to balance the flow of communications, sell products online (or offline) and build your customer base to drive profits for your international business.
But first, remember to register your business name with a reputable web host because your domain name is what customers use to find you and your business. And it can’t hurt to consult with an international lawyer, banker and accountant for advice on establishing a virtual import/export business and keeping it in the best legal and financial position possible.
A couple of places to get started with a website are Network Solutions. Go Daddy. Intuit and Verio. All offer domain name registrations and affordable website hosting packages with easy-to-use site building capabilities.
To create a professional blog, which allows a continuous flow of engaging communications, try Blogger. Typepad or WordPress. These services allow you to create a blog in minutes with stunning designs, reliable hosting and on-demand tech support.
Now you are ready to share your business expertise and capabilities and sell to the world.
• Pick a product to import or export.
When it comes to importing and exporting, you cannot be all things to all customers. Decide on something and stick with it.
You have two viable reasons for choosing a product to import or export: you know it will sell or you like it.
Hopefully, you can meet both criteria. That’s an ideal business model. Would you buy it if you saw it in another part of the world? Then you are on to something!
• Find the right market.
You’ve selected a product, now you must look for someplace to sell it! You will improve your odds of picking a winner if you cultivate a knack for tracking trends, or even spotting potential trends. Getting in on the ground floor and importing or exporting a product before it becomes a super-seller in a country could be the business breakthrough of a lifetime!
Do the homework and research the market beforehand to locate the best potential foreign market for your product or service. Two places to check are The World Bank’s Ease of Doing Business and globalEDGE’s Market Potential Index.
You might also check with local government officials to best determine sources for conducting market research. For example, in the United States, there are the Department of Commerce International Trade Administration’s Data and Analysis and the U.S. Census Bureau Foreign Trade. which governs the reporting of all import/export statistics.
These resources are helpful for determining where in the world products and services are moving to and from, and why and how to get in on the action.
Once you have a likely import or export product in mind, learn everything there is to know about it. If you were its creator, how would you improve it? Go to a manufacturer and suggest product improvements to turn a mediocre product into something slightly ahead of its time. Your suggestions might mean the difference between a Sony Walkman and an Apple iPod.
The easiest access to reputable suppliers might be Alibaba. Global Sources. and Thomas Register. There are others, but these three are considered the holy grail to finding high quality suppliers. manufacturers, exporters, importers, buyers, wholesalers and trade leads.
In continuation to our first installment which covered how to start and map out an import/export business, here we provide the sales and distribution aspects of establishing an import/export business.
The business model for an import/export business is based on two critical elements within the international sales operation.
1. Volume (number of units sold).
2. Commission on that volume.
The goal is to price your product in such a way that your commission (markup on the product to customers) does not exceed what your customer is willing to pay and offers you a healthy profit. Typically, importers and exporters take a 10% to 15% markup over cost, which is the price a manufacturer charges you when you buy a product from them.
The more you sell, the more you make. Keep your product pricing separate from logistics because, at some point, you combine the two to determine a landed price per unit. A good transportation company can assist here. Don’t let this part intimidate you!
Provided you have done a good job with search engine optimization on your blog or website, customers will find you. But don’t rely on it. You should also go hunting for customers! Check with local contacts, such as trade organizations, Chambers of Commerce. embassies and trade consulates. They generally have a good sense of who’s doing what in the international marketplace. They can offer contact lists specific to your industry and also suggest trade shows that are taking place locally and internationally that might help you connect with customers in a faster and more efficient manner.
An excellent service on the exporting end is the U.S. Commercial Service (CS) Gold Key Matching Service. The U.S. CS can help you find potential overseas agents, customers, distributors, sales representatives and business partners.
At the same time, work your social media and networking platforms (your blog, Facebook, LinkedIn and Twitter) by posting information about your product or service and asking specific questions about your audience s needs. This gets the conversation going and keeps it going while making sure it s related to your business. The point is to keep your business on the minds of potential customers worldwide.
• Transport your products.
Your next step is to focus on logistics — transporting the product to where you will be selling it. By now, you have located a customer who loves your product, solidified the terms of the sale with them and established a means for getting paid. Now you must move your product.
Hire a global freight forwarder who serves as an all-round transport agent for moving cargo, typically from a factory door to another warehouse. Their service saves you a lot of time, effort and anxiety for a very reasonable fee. Based on information you provide, they take care of all shipping arrangements, which includes but is not limited to handling documentation, arranging insurance, if requested, and determining necessary licenses, permits, quotas, tariffs and restrictions (country regulations). which can be one of the most complicated aspects of importing/exporting for a newbie international trader.
You can find freight forwarders online under “transportation,” or check listings in trade magazines or other international handbooks. Pick two or three that seem like a good fit for your product or shipping destination.
Two well-known companies that are eager to work with brokers, consultants and small businesses are UPS and Fed Express. Either can also assist with getting paid, a critical part of the international sales process.
• Provide great global customer service!
The relationship between you and your overseas customer shouldn t end when a sale is made. If anything, it requires more of your attention.
Think of your after-sales follow-up on your import/export business as part of your product or service offering. The first step is to say, wholeheartedly — whether in person, via Skype, by email or telephone — Thank you for your business! For more on this, take a look at “How to Provide Great Global Customer Service” .
Congratulations! You have officially learned the fundamentals on how to establish an import/export business. Now start booming and go make the world your business!
Put a price tag on your business: A guide to business valuation – Canada Business Network #best #business #cards
Put a price tag on your business: A guide to business valuation
If you want to sell all or part of your business, you need to have an idea of its value. This information will help you understand the different approaches to business valuation, but you may want to seek professional guidance and advice. Prospective investors will also assess its value when they consider your proposal.
The process of determining the value is called valuation. You and the buyer or investor need to determine what you feel is an appropriate business valuation because it will be the basis for negotiating:
- How much of your business the investor or buyer will purchase
- How much the buyer or investor will pay (the price of the business or of its shares)
- The return the buyer or investor can expect to earn
Ways of valuing a business
Valuation is not an exact science, and there are different ways of valuing a business. Each of these methods is based on different assumptions and financial information, which typically results in a different value for each method. For instance, you could base a valuation on the assets of a business (how much it owns) or by taking into account projected revenues or cash flows. Investors generally prefer methods based on cash flows. It s important to know about a variety of methods because they can be useful as benchmarks to check the validity of the value and the price you determine.
Earnings and cash flow-based methods:
- Discounted cash flow
- Going-concern value
Discounted cash flow
From the investor s perspective, this is usually the most accurate and effective way to estimate a business value because it is based on future cash flows. These cash flow figures reflect the amount of money that is estimated to come into the business and will ultimately determine the investor s return on investment. The discounted cash flow method is used to answer three critical questions:
- Value: How much is your business worth today, based on what it will earn in the future?
- Rate of return: What is the buyer s or investor s expected rate of return, given the amount invested and your business financial projections?
- Equity share: How much equity will the buyer or investor receive for their investment?
The discounted-cash-flow method is often preferred because it can be more accurate than other methods. Its accuracy and complexity are due to the fact that it:
- Uses cash flows: It takes into account the projected ups and downs of revenue over a period of time.
- Discounts the cash flows: It adjusts the cash flows by a rate that is acceptable to the investor to account for risk and the time the investor must wait for a return.
How it works
In this method, cash flow predictions are discounted, or reduced, to adjust for the risk the investor faces and to make up for the fact that the investor could invest their money in something else.
Investors are looking to be compensated for their risk, and their benchmark rate or “discount rate” will adjust for the value of money over time. They will choose a discount rate and compare your proposal against that rate.
Advantages and disadvantages
The discounted cash flow method allows values to be estimated even when your cash flow is fluctuating. A start-up or new venture may expect to lose money in the first years and then make money in later years. These changes in cash flow are taken into account by the discounted cash flow method.
If you use this method, keep in mind that:
- Its accuracy depends on the accuracy of your cash flow projections. That is why your financial data and assumptions are critical.
- It is a complex process, so you may require professional guidance.
- It can give you detailed estimates, but it is important to remember that business valuation is not an exact science your numbers will be based on assumptions and predictions of future performance.
Value: How much is your business worth today?
Let s say financiers are considering an investment in your business, but plan to take their money out in five years. To them, your business is worth today what it can earn during those five years, plus their share of the value of the business at the end of the five years. However, future cash flow numbers and the future value of the business are unknown. The discounted cash flow method applies adjustments or “discounts” to account for those unknowns.
Using this method, the value is the total of the cash flows, adjusted or discounted, plus the value remaining (or residual value), also discounted.
Rate of return: What rate of return will the investor expect?
Investors want to calculate their rate of return. To do that they must compare the amount of the investment to the amount they will earn at the end of the investment period. But how can they know what they will earn in the future? Again, they must use the discounted cash flow projections to estimate the future value of their investment. To do so, they will need to:
- Estimate the cash flow in the final year
- Estimate the value of the business based on the cash flow
- Calculate the final value of their share in the business
- Determine their rate of return
Value, return and exit strategy
The method used to calculate values and rates of return depends on the specific exit strategy used. Commonly-used methods include going-concern value, book value, and liquidation value.
The going-concern value method calculates your business value based on its capacity to produce a stream of cash flow in the future. The greater the cash flow your business generates in the future, the higher your business value today.
How it works
The going concern value, like discounted cash flow, compares the current investment to the future receipts (cash inflows). This method uses the revenues of previous years to project future revenues, and it assumes those revenues will not change.
This value is the net worth, or shareholders equity, of your business as shown in its financial statements. At its most simplified, subtracting your liabilities from your assets will give you your business net worth or book value. Book value can be described as the historical value of an asset that, at a given time (the day it was purchased), represented the economic or market value of the asset, less its accumulated depreciation.
How it works
To determine the book value, subtract your liabilities from the value of your assets. The difference gives you your net worth or shareholders equity. In practice, book value is seldom used in the process of securing venture capital, although it can be a realistic approach to measuring a small business net worth.
A liquidation value is assigned to a business being sold in order to satisfy its creditors. Tangible assets, such as land, usually have a liquidation value close to their market value. Inventories and accounts receivable, on the other hand, are usually valued at less than what is shown in the books.
How it works
To determine the liquidation value, all assets are assigned distressed values, and all debts are totalled at book value. Most assets sold under duress are discounted from their fair market value. The difference between the distressed value of the assets and the actual or book value of the liabilities is referred to as the liquidation value.
The liquidation value doesn t reflect the real worth of an asset or a business; in most cases, it is substantially less than the market and book values. This method is typically used only if a business is in serious financial trouble.
Should I seek a financial advisor for help with valuation?
Business valuation is a complex task, and a financial advisor with experience in business valuation can be an invaluable asset.
A professional valuator can:
- Provide the experience needed to accurately determine the value of your business
- Offer an objective view of your business worth
- Give investors more confidence in the credibility of your valuation
There is a saying in the venture capital industry: “The value of a business is only what someone is willing to pay for it.” In other words, the market, and your ability to attract investors and negotiate with them will determine the value or selling price.
Remember that many factors affect the value of your business. Seeking professional assistance can help you calculate an accurate value for your business.
Learn how to determine the value of your business and find ways to increase it.
What is a fair price to pay for a business? Read this article to learn how to estimate the value of a business.
Enlist the help of an expert who can quantify the worth of all, or part, of your business or its securities.
Was this information useful?
#hot shot business
Hubby is wanting to start a hot shot business!!
My husband has been driving trucks for about 10 years, now he says that hes tired of driving for other ppl and wants to start his own hot shot business. Me being the worry wort I am i’m really concerned. We have 2 kids and just recently moved from WV to OK. My hubby seems to think he would be able to make a really good living. I was just wondering if anyone would be able to either make me feel better about this decision or prove to him i am right.
Well this is a tough one. Yes there is a living to be made doing this, but it is not cheap to get started. My suggestion to you and your husband is to read this forum completely (every single post!!) at least 3 times TOGETHER. Then discuss it in a friendly way. Then ask us every question you can come up with (even the ones you think are silly or dumb). The folks here on this forum will be happy to help. Lee
Buster(Lee) is 101% on point.
I have been in this business for decades. It is always a crap shoot by nature of the business. Make a lot of money. Some weeks tickle you pink with good stuff, other weeks give you ulcers.
This biz is expensive to start if you begin with really good equipment, and it is expensive to keep running. Good equip’t allows you to run with less maintenance costs but cost more to start. Lower end equip’t forces you to take more time and money to keep running. The difference? Down time can cost you good paying freight and give you a bad reputation if it is ongoing. It will also run up your blood pressure and anxiety level.
If you lapse on insurance, it is a red flag. Insurance is expensive and is the first bill you need to cover each month(if you don’t pay yearly). Truck and trailer payment [$$$?]. dunnage, straps, chains, tarps, duct tape, corner protectors, etc. are ongoing expenses, you need it when you need it. Things wear out. Bungies are not really cheap because they don’t last very long in the environment. Ya, they’re cheap, by the box, but all these things add up. Not enough cheap bungies can ruin a good tarp fast.
Fuel. Pay with a credit card=credit price. Stay warm or stay cool idling the truck=more fuel cost or extra expense for some auxilliary power/fuel.
You have to be relatively comfortable on the road, you have to get good rest.
First thing I missed [big truck to little truck] was an air ride seat, second was the space I had to forfeit.
Another HUGE area in this biz if you flatbed, IT IS FLATBEDDING. Not for everyone. If you are new to it, you MUST learn how to tie down.
It is imperative. I could easily continue for days and weeks and.
The great part? What you screw up, noone to blame. What you accomplish, YOU did it. It can be very rewarding. It is a lot of work and it takes a special talent to do it by yourself. Read this forum in it’s entirety, and I mean completely in it’s entirety, over and over and over and over again. Then read it over again. You will not find the truth about this biz ANYWHERE else in any shape or form as you will find it here.
This is not to discourage you, but to inform you well. One more thing, a personal thing, please be careful not to sanitize his dream in anyway. Negativity breeds negativity. Dreams put into action are what make everything work, the fuel of life. Ignorance is a lazy fault, and can be fixed. The knowledge for this business is available here, but you have to supply your part to make it whole. Above all, have fun and laugh alot.
AMEN BROTHER OZO!
#start up business
How to Come Up With an Idea for a Business
In their book, Start Your Own Business , the staff of Entrepreneur Media, Inc. guides you through the critical steps to starting a business, then supports you in surviving the first three years as a business owner. In this edited excerpt, the authors offer suggestions for figuring out just what kind of business you d like to start.
How do you start the business idea process? First, take out a sheet of paper, and across the top, write Things About Me. List five to seven things about you things you like to do or that you re really good at, personal things (we ll get to your work life in a minute). Your list might include: I m really good with people, I love kids, I love to read, I love computers, I love numbers, I m a problem solver. Just write down whatever comes to your mind; it doesn t need to make sense.
On the other side of the paper, list things you don t think you re good at or you don t like to do. Maybe you don t like to meet new people or you re really not that fond of kids or you don t like public speaking or you don t want to travel. Don t overthink it.
When you re finished, ask yourself: If there were three to five products or services that would make my personal life better, what would they be? Determine what products or services would make your life easier or happier, make you more productive or efficient, or simply give you more time.
Next, ask yourself the same set of questions about your business life. Also examine what you like and dislike about your work life as well as what traits people like and dislike about you.
Finally, ask yourself why you re seeking to start a business in the first place. Then, when you re done, look for a pattern (i.e. whether there s a need for a business doing one of the things you like or are good at).
Inspiration can be found anywhere. Getting an idea can be as simple as keeping your eyes peeled for the latest hot businesses; they crop up all the time. Many local entrepreneurs made tons of money bringing the Starbucks coffeehouse concept to their hometowns and then expanding from there. Take Minneapolis-based Caribou Coffee. The founders had what they describe as an aha moment in 1990 and, two years later, launched what is now the nation s second-largest corporate-owned gourmet coffeehouse chain. Other coffee entrepreneurs have chosen to stay local.
And don t overlook the tried and true. Hot businesses often go through cycles. Take gardening. For the past few years, gardening products and supplies have been all the rage, but you wouldn t consider gardening a 21st century business. The same goes for shoe cobblers and seamstress businesses with people wanting shoes and clothes to last longer or fit just-so, these businesses are in demand, and supply is short.
In other words, you can take any idea and customize it to the times and your community. Add your own creativity to any concept. In fact, customizing a concept isn t a choice; it s a necessity if you want your business to be successful. You can t just take an idea, plop it down and say, OK, this is it. Outside of a McDonald s, Subway or other major franchise concept, there are very few businesses that work with a one-size-fits-all approach.
One of the best ways to determine whether your idea will succeed in your community is to talk to people you know. If it s a business idea, talk to co-workers and colleagues. Run personal ideas by your family or neighbors. Don t be afraid of people stealing your idea. It s just not likely. Just discuss the general concept; you don t need to spill all the details.
Hopefully by now, the process of determining what business is right for you has at least been somewhat demystified. Understand that business startup isn t rocket science. No, it isn t easy to begin a business, but it s not as complicated or as scary as many people think, either. It s a step-by-step, common-sense procedure. So take it a step at a time. First step: Figure out what you want to do. Once you have the idea, talk to people to find out what they think. Ask, Would you buy and/or use this, and how much would you pay?
Determining what you want to do is only the first step. You ve still got a lot of homework to do, a lot of research in front of you. Most important: Do something. Don t sit back year after year and say, This is the year I m going to start my business. Make this the year you really do it!
#business for sale
“Happy Sellers” Testimonials – VIEW MORE
We have been delighted with the results from our pubs for sale/tenancy advertising campaign on Daltons. We have carried out lots of good quality interviews from Daltons enquiries and have signed up 2 new licensees already.
Daltons has been and continues to be at the centre of our marketing campaign and has proved itself time and time again as the most successful business for sale online advertising marketplace we use.
John Hatt,Director at Business Partnership
Thank you so much Daltons, I ve now sold my retail shop business. It was the best 400 I ve ever spent.
We have been long time advertisers with Daltons Business and the website has always generated a very good response for us.
#how to start a business
Starting a business involves planning, making key financial decisions and completing a series of legal activities. These 10 easy steps can help you plan, prepare and manage your business. Click on the links to learn more.
Use these tools and resources to create a business plan. This written guide will help you map out how you will start and run your business successfully.
Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business.
Get advice on how to select a customer-friendly location and comply with zoning laws.
Find government backed loans, venture capital and research grants to help you get started.
Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative.
Register your business name with your state government.
Learn which tax identification number you’ll need to obtain from the IRS and your state revenue agency.
Register with your state to obtain a tax identification number, workers’ compensation, unemployment and disability insurance.
Get a list of federal, state and local licenses and permits required for your business.
Learn the legal steps you need to take to hire employees.
Contact your local SBA office to learn more about how SBA can help.
There are a number of available programs to assist startups, micro businesses, and underserved or disadvantaged groups. The following resources provide information to help specialized audiences start their own businesses.