Tag: What

What You Need to About Small Business Templates #business #continuity


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What You Need to About Small Business Templates

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

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

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





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What is business continuity management (BCM)? Definition from #stock #market #quotes


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business continuity management (BCM)

Business continuity management (BCM) is a framework for identifying an organization’s risk of exposure to internal and external threats.

The goal of BCM is to provide the organization with the ability to effectively respond to threats such as natural disasters or data breaches and protect the business interests of the organization. BCM includes disaster recovery. business recovery, crisis management, incident management, emergency management and contingency planning .

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According to ISO 22301. a business continuity management system emphasizes the importance of:

  • Understanding continuity and preparedness needs, as well as the necessity for establishing business continuity management policy and objectives.
  • Implementing and operating controls and measures for managing an organization’s overall continuity risks.
  • Monitoring and reviewing the performance and effectiveness of the business continuity management system.
  • Continual improvement based on objective measurements.

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What is Business Report? Characteristics of Business Report – Business Communication #stock #market #update


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What is Business Report? Characteristics of Business Report

What is Business Report or, Definition of Business Report, Meaning of Business Report-When a report is written for business purpose, it is called business report. It is a little bit different from other reports. It deals with business related information. A business report is prepared containing business related information that assists the management to take better decisions. Some definitions on business report are given below-

What is Business Report

  • According to Lesikar and Petit. “A business report is an orderly, objective communication of factual information that serves some business purpose.”
  • Boone and Other said, “A business report is a document that organizes information and a specific topic for a specific business purpose.”
  • According to Murphy and Hildebrandt. “A business report is an impartial, objective, planned presentation of a fact to one or more persons for a specific, significant business purpose.”

So, a business report can be defined as an organized, written statement of facts related to specific business matter. It helps the interested persons to get insight into the problem and to overcome the problem. Business Communication

Characteristics of Business Report

Business reports carry information on facts related to business activities. The very nature of business report differentiates it from other reports. The unique characteristics of business report are discussed below-

  • Specific Issue. Every report, including business one, is written on specific subject. It is written to fulfill certain need.
  • Pre-Specified Audience. An important characteristic of report is that it has a pre-specified audience. Usually a report is written for a limited number of audiences and the need of the audience is always kept in mind.
  • Specific Structure or Layout. In preparing report, certain structure or layout or format is followed. The layout or structure of report is almost same in every case.
  • Written on Past Events. In most of the cases, the reports are written on past events. Most of the business reports carry the reasons of happing the incident, the ways of recovery etc. Reports are also written in past forms.
  • Neutral in Nature. In drafting reports, impartiality it strictly maintained. No biased or non-objective material is included in it. Biased report may lead to disastrous decisions.
  • Factual Information. Business report is always written based on factual information. The data collected on specific events is factual, not factious.
  • Joint Effort. A report is an outcome of joint efforts of a group of people. No one can personally or solely prepare a report. Now-a-days, in most of the cases, committee is formed containing three to seven people for furnishing a report on certain incident.
  • Orderly Presentation. The information of a report is presented orderly so that the audience can get his needed information from where it is located.
  • Upward Flow. The direction of a report is always upward in the organizational structure. The higher authority normally assigns the duty of preparing reports to their immediate lower authority and after preparing the report, they submit it to their boss or higher authority.
  • Some Additional Aids in Presentation. A report is always presented in an attractive way. In addition, analytical reports contain executive summary, contents and index, necessary charts, graphs and design and conclusion and recommendation etc.
  • Signature and Date. It is customary to put the signature of the reporter with date at the end of the report. If it is prepared by a committee, signature must be given by each member of the committee.

From the above discussion it is found that business report has some unique characteristics. Its helps the respective business people to take pragmatic decisions in specific business areas. There is more information about How to Overcome Communication Barriers in Business .

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What is Report. A report is a description of an event carried back to someone who was not present on the scene. It may be defined as an organized statement of facts related to a particular subject prepared after an investigation is made and presented to the interested persons. Report

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What is a Business? definition of business and Scope of business. Business could be a term with a really wide which means. It refers to an activity of individuals operating for the aim of manufacturing and distributing product and services at a profit. An enterprise creates utilities by production of

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What is Business Meeting. Meeting is one of the major media of oral communication. In general sense a meeting is a gathering of two or more persons with the view of making decisions through discussion. It is an assembly of people does decide on some preset issues. Definition of business

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What is Business communication -business communication is a specialized branch of general communication that is specifically concerned with business activities. Generally, when communication takes place between or among parties regarding business-related functions, it can be termed as business communication. But the process, methods, types, principles etc. remain almost same with

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What is Market Report or, What is marketing report? A market report is a kind of report which contains the information regarding the overall market situation of a product of a group of products or service. It reflects the market condition of a product or service in terms of its

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What You Need to Know About Stock Markets Today #at #home #business #ideas


#financial markets today

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What You Need to Know About Stock Markets Today

By Anne Kates Smith | October 2010

Thanks to electronic trading, the stock market is wilder than ever.

Editor’s Note: We are re-featuring this guide to understanding the markets in light of the announcement on February 15 that the parent company of the New York Stock Exchange has agreed to merge with Deutsche Boerse. The merger would create the world’s largest operator of financial markets. Deutsche Boerse shareholders would own 60% of the merged company; NYSE Euronext shareholders, 40%. The text below has been updated since publication in the October 2010 issue of Kiplinger’s Personal Finance and the data is as of February 16, 2011.

1. There’s no “there” there. You may picture a bustling exchange, where commerce begins and ends with the clang of a bell. But the “stock market” is an increasingly fragmented collection of more than 50 trading platforms, almost all electronic, with various protocols, rules and oversight.

2. The Big Board has shrunk. Images of the New York Stock Exchange still dominate business-news broadcasts. But, in fact, just 34% of the trading volume in stocks listed on the NYSE actually occurs on the exchange, down from 79% in 2005. Nasdaq, the first electronic exchange, accounts for about one-fifth of all U.S. stock trading. Newer exchanges, such as Direct Edge, in Jersey City, N.J. and BATS Exchange, in Kansas City, Mo. each account for about 10% of trading volume. About 30% of U.S. trading volume takes place off exchanges.

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3. ECNs are the new matchmakers. Electronic communication networks match up buy and sell orders at specified prices for institutional investors and brokers. This is where “after-hours” trading occurs. In addition, hundreds of broker-dealers execute trades internally, filling orders out of their own inventory.

4. Some trades are shrouded in mystery. You’ve heard of dark stars. Now there are dark pools — private networks, sponsored by securities firms, where professionals trade without displaying price quotes to the public beforehand. Such dark pools account for more than 10% of stock-trading volume. The Securities and Exchange Commission wants to make dark pools more transparent to avoid a two-tier market that denies the public important pricing information.

5. You’re sure to get the best price — most days. According to an SEC rule, your trade is supposed to be routed to the platform with the best price at that moment. But when some venues aren’t functioning as normal, exchanges may override the rule. The rule didn’t apply during the “flash crash” of May 2010, when an intentional slowdown on the NYSE caused orders to be routed elsewhere, at lower prices.

6. There are fewer traffic cops. In the old days, specialists and market makers kept markets liquid by stepping up to buy — or sell — when a stampede of investors headed the other way. Now, not all exchanges require market makers. High-frequency traders, who program computers to profit from minute price discrepancies and can execute trades in milliseconds, were supposed to fill the void. But they don’t have to, despite the fact that they often account for 50% or more of total trading volume.

7. Stoplights are coming. A pilot plan, recently extended until April, calls for stock-by-stock circuit breakers that would be applicable across all trading platforms. The plan currently applies to stocks in Standard & Poor’s 500-stock index, the Russell 1000 index and certain exchange-traded funds, and calls for a trading pause if the share price changes by 10% within a five-minute period. Since December, market makers in exchange-listed securities have been required to maintain continuous buy and sell quotes within a certain range of a security’s most recent share price, putting an end to occasionally ridiculous quotes, far removed from prevailing prices, that were never meant to be executed.


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What SBA Offers to Help Small Businesses Grow #business #school #rankings


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What does SBA offer to small business owners? The programs are many and varied, and the qualifications for each are specific. SBA can help facilitate a loan for you with a third party lender, guarantee a bond, or help you find venture capital. Understanding how SBA works is the first step towards receiving assistance.

SBA’s Role

SBA provides a number of financial assistance programs for small businesses that have been specifically designed to meet key financing needs, including debt financing, surety bonds, and equity financing.

Guaranteed Loan Programs (Debt Financing)

SBA does not make direct loans to small businesses. Rather, SBA sets the guidelines for loans, which are then made by its partners (lenders, community development organizations, and microlending institutions). The SBA guarantees that these loans will be repaid, thus eliminating some of the risk to the lending partners. So when a business applies for an SBA loan, it is actually applying for a commercial loan, structured according to SBA requirements with an SBA guaranty. SBA-guaranteed loans may not be made to a small business if the borrower has access to other financing on reasonable terms.

SBA loan guaranty requirements and practices can change as the Government alters its fiscal policy and priorities to meet current economic conditions. Therefore, you can’t rely on past policy when seeking assistance in today’s market.

Bonding Program (Surety Bonds)

SBA’s Surety Bond Guarantee (SBG) Program helps small business contractors who cannot obtain surety bonds through regular commercial channels.

A surety bond is a three-party instrument between a surety (someone who agrees to be responsible for the debt or obligation of another), a contractor and a project owner. The agreement binds the contractor to comply with the terms and conditions of a contract. If the contractor is unable to successfully perform the contract, the surety assumes the contractor’s responsibilities and ensures that the project is completed.

Through the SBG Program, the SBA makes an agreement with a surety guaranteeing that SBA will assume a percentage of loss in the event the contractor should breach the terms of the contract. The SBA’s guarantee gives sureties an incentive to provide bonding for eligible contractors, thereby strengthening a contractor’s ability to obtain bonding and greater access to contracting opportunities for small businesses.

SBA can guarantee bonds for contracts up to $5 million, covering bid, performance and payment bonds, and in some cases up to $10 million for certain contracts.

Venture Capital Program

SBA’s Small Business Investment Company (SBIC) Program is a public-private investment partnership created to help fill the gap between the availability of growth capital and the needs of small businesses. The SBA does not invest directly in small businesses, relying instead on the expertise of qualified private investment funds. The SBA licenses these funds as SBICs and supplements the capital they raise from private investors with access to low-cost, government-guaranteed debt.

With these two sources of capital backing them, SBICs search across the United States for promising businesses in need of debt or equity financing. SBICs are similar to other investment funds in terms of how they operate and their pursuit of high returns. However, unlike other funds, SBICs limit their investments to qualified small business concerns as defined by SBA regulations.


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What are some profitable business ideas to start in a small town? #dallas #business

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you can have the best idea in the world, but if people don t care. you won t make a dime!

i m in a facebook mastermind group, and i asked what stopped everyone in the group from starting their own business, and most of the responses were.

i have no idea

my friend had a difficult time starting his business. he kept complaining to me how he doesn t have any good business ideas. he was waiting for the perfect idea to fall on his lap.

so i told him to not wait for the perfect idea. just start with a boring idea that has DEMAND.

so i gave him my 5 day business formula to find an idea, test demand, and get people to send him money.

he applied my formula, and in 5 days he got 5 sales. with no product, and no website! he just posted on facebook and got 5 people to send him money.

he applied it in other areas as well, and it also works! it works for online, offline, physical products, or even local services.

he finally realized that at the end of the day, its not about finding the perfect idea. its about starting with a boring idea and test if there s demand — test if people are willing to pay for your idea.

you can have a perfect idea, but if there s no demand. it doesnt matter. it will never take off!

you dont need to start a HUGE company like google or facebook on day one! just start something small. and then slowly grow from there.

the 5 day business formula is something that i ve used before but have never thought about teaching to anyone. it s something similar from the lean startup and the startup weekend methodology where you build a minimum viable product. except that my process doesn t involve building a product or even a website. you use what i call lightweight testing to test your idea without investing alot of time or money into it.

i ve used it to test a local food delivery service, web freelance service, and other types of businesses and product ideas.

its a useful way to test your business idea without spending any money or time on building a product, or a website.

it goes something like this:

1. brainstorm a list of ideas. a minimum of 20 ideas is good. it doesnt matter if its a good or a bad idea. at this stage, you re just listing down all kinds of ideas. (ideas are all around you. see what products people are currently buying.)

2. afterwards, you do some research. is there demand for your idea? you can talk to people, do kw research, or use my eavesdropping technique. http://www.hustletothetop .com/ge.

3. if there s no demand, you go back and choose a different idea from your list and test it again until you find an idea that has demand.

4. if there is demand, you simply get people to pay you money to validate whether your idea is something that people are willing to pay for or not! its not enough that people say yes . see if they pay! it doesnt even have to be the full amount. if they pay, then you have a validated business idea.

5. then you manually deliver the product or service. if you dont have a product, you do dropshipping.

6. once you have a validated idea — ie. 3 to 10 sales — that people are willing to pay for. then you reinvest your profits into the business — build a website, etc — and create systems to automate and systemize your business so that the business works FOR you.

thats just the gist of it. you can use it to start a niche online business, or a local offline service business to earn some money on the side.

1. ideas are worthless. it s all about execution and demand! dont waste time waiting for the perfect idea to fall on your lap. just start with a boring idea and test if there is DEMAND. at the end of the day you ll make more money with a boring idea that has demand, instead of chasing after the mythical perfect idea that will never happen.

2. you dont have to start something new. just copy what other businesses or products that are already selling well. customers pay for products or services that solve their problem. they dont pay for you to have a unique business idea.

3. if you cant beat them, join them. instead of working against your competitor, why not work together. they already have the hot selling product. just help them to sell it while you split the profit. that s how i first started my online business in the tourism niche.

The last part of your question start in a small town creates the impression that your physical location is a determining factor in your choice of business ideas.

With the technology we have available today you can stay in a small town, however, and access a global market – serving customers who do not necessarily live in or visit your town. This opens more opportunities that definitely can be more profitable.

One business idea is to sell software solutions that will help people work smarter instead of harder.

In a related post you will see the reasons why you do not need technical knowledge, a technical team or up-front capital to pursue this business idea.

You can focus all your efforts on marketing existing solutions and/or you can create your own solutions.

Practical steps you can take:

  1. Find an itch in the market that needs scratching . This is the key success factor and it will determine the probability of achieving success. If you can identify a need and solve it, well, then you are in business.
  2. Create (or clone) a simple yet effective solution for this itch .
  3. Market your solution. The better your solution scratches an itch , the easier marketing should become.

This business will require some effort up-front, but after selling your first solution you ll start earning recurring income – without much additional effort.

Plus, you can stay in a small town with all the benefits of a close-knit community without being restricted to their spending potential.


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What is business plan? Definition from #rcm #business


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business plan

A business plan is a document demonstrating the feasibility of a prospective new business and providing a roadmap for its first several years of operation.

Business plans are an important part of creating new businesses, whether as a startup or an offshoot of an existing business. Business plans for startups are often shared with funding agencies, potential investors and venture capitalists to obtain the necessary funding.

Although the specifics may vary, here are the typical components of a business plan for a new business:

  1. The executive summary is a nutshell version of the entire plan, briefly covering the essentials.
  2. The business description describes the proposed new endeavor, explains its purpose and its target market.
  3. The plan’s market analysis section describes the industry and the market environment of the proposed business, including a profile of the competition.
  4. The organizational and managerial section explains how you envision the structure of your business, what types of positions and departments it will encompass.
  5. The products (or services) section details what you’re offering. This section should include a full description of the products you’ll sell and your plan for product lifecycle management (PLM ).
  6. The marketing and sales section explains your strategies for branding. marketing and selling your product or service.
  7. The funding request will differ according to what type of information is required by the funding party.
  8. The financial projection covers the expected performance and milestones over the first years of operation, usually five years. For an existing business, historical financial data should be included.
  9. An appendix can include useful information that doesn’t belong in any of the other sections.

A business plan is similar to a business model. However, the latter is a representation of how an existing business works, rather than how a prospective business can work.

This was last updated in December 2013

Contributor(s): Ivy Wigmore

Related Terms

Definitions

– Risk management is a company’s process for identifying and controlling threats to its assets, including proprietary corporate data, customers’ PII and intellectual property. (SearchCompliance.com )

– Rebranding is an update of the materials and presentation used to represent a business. A company may rebrand to appear more modern or to distance itself from past issues, among other possibilities. (WhatIs.com )

– A/B testing is a statistical method used to assess proposed changes to a product or service. (SearchBusinessAnalytics.com )

Glossaries

– Terms related to business, including definitions about project management and words and phrases about human resources, finance and vertical industries.

– This WhatIs.com glossary contains terms related to Internet applications, including definitions about Software as a Service (SaaS) delivery models and words and phrases about web sites, e-commerce.

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What Is Business Development? #franchise #business


#business development manager

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People reading the Business Development Manager Job Description might ask themselves, “What is business development, exactly?” Therefore, I’ll try to make it clear and simple.

Business development is a commonly-used term for businesses the provide services. Businesses that sell products often use the term, “sales.”

The Difference Between Business Development and Sales

When selling services, you are often selling the knowledge and capabilities of the people in your company. Therefore, a Business Developer doesn’t have a tangible product. Instead, he or she is tasked with selling people’s time or the result of people’s time. Very often, a client will not order the company’s service until they have meet with the people who will provide this service. As a result, the business developer must also present the internal team to the potential client (usually in the form of a meeting, proposal, and/or presentation).

The responsibilities of a business developer is often more broad than that of a salesperson. They could include activities such as strategic planning, or even training.

The business developer is often brought on to complement the seller-doer model, where the people who do the work are also tasked with brining in new clients. Business developers help seller-doers increase their sales by providing the strategic approach these people sometimes lack.

The Similarities Between Business Development and Sales

Both business developers and salespeople are expected to identify potential clients, approach them, and close deals. They are both responsible for meeting sales targets and growing the firm.


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Why Business Coaching Is Dead (And What Will Replace It) #business #hosting


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If you’re a small business owner, you probably know at least one business coach. You may even be one. It is a field that has exploded over the last few years. For small business owners, having someone to bounce your ideas off can be a truly valuable thing. That said, the main reason so many business coaches have popped up over the last half-decade or so is that it is easy to set up shop.

With the ubiquity of the Internet, all a business coach needs to get started is a website. Overhead is extremely low. What’s more, there are no real certifications needed. In short, a coach becomes a coach by standing up and announcing him or herself as a coach. The downside of this dynamic is that the most competent business coaches are lumped in with all the rest.

It wasn’t always this way. The earliest business coaches were almost uniformly qualified individuals–successful entrepreneurs, business owners, and modern-day philosophers–mainly because there were hardly any of them. Dan Sullivan, founder of the twenty-five year old, multimillion dollar Strategic Coach says that when he first went into business most people thought they were a bus company .

So what is a qualified expert in the information economy to do?

The answer is the same as so much else in the world of business: Specialize.

Take for example the New York company AcceleratingCFO. a firm started by two former Fortune 500 executives who felt they could impart their strategic knowledge to the entrepreneurs who needed it most. Yet instead of announcing themselves as one of many business coaching operations, they present themselves as CFO consultants –experts in using the quantitative aspects of an organization to make qualitatively strong business decisions.

Or take John Palumbo, the founder of Big Heads Network. A successful businessperson many times over, he teaches organizations to combine unrelated concepts to form innovative solutions. Despite the advice and counsel he provides, never once does the word coaching cross his lips or his website.

The market for expertise is as strong as it has ever been and can provide massive opportunity for savvy entrepreneurs. Getting specific around the precise value you offer and then crafting your messaging around that specificity is what every would-be business coach needs to do to thrive in the second decade of the 21 st century and beyond.

The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.


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What is a business report? OWLL – Massey University #franchising #your #business


#business report

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What is a business report?

Note: for more on principles applicable to all types of report, see report .

Business reports are a type of assignment in which you analyse a situation (either a real situation or a case study) and apply business theories to produce a range of suggestions for improvement.

Business reports are typically assigned to enable you to:

  • Examine available and potential solutions to a problem, situation, or issue.
  • Apply business and management theory to a practical situation.
  • Demonstrate your analytical, reasoning, and evaluation skills in identifying and weighing-up possible solutions and outcomes.
  • Reach conclusions about a problem or issue.
  • Provide recommendations for future action.
  • Show concise and clear communication skills.

Remember that with business reports, typically, there is no single correct answer but several solutions, each with their own costs and benefits to an organisation. It is these costs and benefits which you need to identify and weigh-up in your report.

Further, when writing the report, you need to consider the audience you are writing for: is it the CEO or will the report be available to all staff concerned? It is vital that you ensure an appropriate level of formality, sensitivity, fairness, and objectivity.

Page authorised by Director, CTL
Last updated on 25 October, 2012

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