Archive for April, 2011
“We are a small business but growing fast and should crack at least $1m T/O at the end of this financial year. It seems these days we are always pushing the end of our OD and struggling for cash. Are we doing it wrong? What factors should we look at to see if we are on or off track?”
Well, I don’t know if you are doing it wrong, but the answer is in the next part of the question.This is not a question about finances, insufficient start-up capital, statement cash-flow or growth. It is, beginning and end, about business Plan and Management. Everyone needs to consider this, because while some of you are doing some of it, probably no-one is doing all of it. Growth can be self induced or market induced; it doesn’t matter. If it’s self induced you have a lot more control over it, as against market induced growth which requires some degree of reactive management.
Either way, the end result is determined by the ability to manage,to be good bookkeeper,to be good accounting etc . The question then becomes “manage what?”
Everyone should be using a form of Strategic Planner. Using a strategic planner in conjunction with your budgets and cash-flow projections prevents cash-flow crises because it gives you the ability to plot the implications of sales or cost variations upon the future state of the business.
There is always a scope for growth, improvement and increase. The only possibility is growth- if you know how! my opinion create a Small business is the best, but before starting with it we have to know strategies , business plan or what business software we gonna use it .
Like the 7 deadly sins, there are seven deadly business growth strategies that can work like “growth serum” for your business:
1.Penetration Pricing: In this strategy you keep your pricing as low as possible (lowest in the market) so that your product/service becomes the obvious choice for the buyer. so in here we need business plan to deal our competitors.
2.Price Skimming: In case of certain luxury products and niche services, a certain level of pricing (high) needs to be maintained to keep a client filter and stipulate a market for yourself.
3.Mass production/Increase outlets: Increasing outlets can help your organization to gain from economies of scale. This means, if you offer more, your cost per unit will be less; hence, more profit.
4.Leverage of Tie-up/Alliance: Tie-ups or mutual understandings with other organizations with related production/services can really help in building and developing more business for both the entities. Like a bakery could tie-up with a restaurant. This would bring better sales for the bakery and reduction in cake production cost for the restaurant, and also can we try business online , hope can increase business growth.
Well , nowdays to start business is not easy, what do you think ?
To start a business, you don’t need financing, a website or business plan. All you need is a customer.
But even when it comes to the all-important task of acquiring those first customers, a new business is usually looking to save as much time and money as possible.
Buying a customer list can be expensive, so most small businesses look to build their own. The best way to do it? Get smart about networking, according to Sheryl Johnson, founder of Pittsburgh-based BD-PRo Marketing Solutions. Here are some of her tips for expanding a contact database.
Have a networking strategy. Know your networking goals, and join groups where you’ll be most likely to connect with the people you most want to meet both online and at in-person events.
Make networking part of your everyday life. Keep your elevator pitch at the ready so that the people you meet know what you do and who you can help. You never know who you’ll bump into or who they might know.
Ask for referrals. After each sale, make it part of your routine to ask for a referral. Other good sources of referrals include employees and email newsletters that can be passed along.
Gaining an accredited education in fitness training can be done by enrolling in a number of educational programs. Students can learn to instruct, motivate, and lead groups and individuals in making healthy lifestyle decisions. Training allows students to gain a variety of knowledge and skills that will help them pursue their desired career. Students can train in athletic training, fitness training, personal training, and sports medicine. Fitness trainer schools provide career training opportunities in the form of a certificate, or associates, bachelors, masters, or doctorates level degree.
An education in athletic training will allow students to prepare for their desired career. Students will learn to work with a variety of athletes to help prevent and treat physical injuries. Areas of study will vary but may include learning subjects like anatomy, physiology, medical terminology, nutrition, CPR, first aid, and much more. By obtaining skills and knowledge in these areas of the field students will be prepared for careers and employment working with colleges, high schools, sports medicine clinics, professional athletic teams, and other related facilities. Students who choose to pursue a career in athletic training can earn an associate’s, bachelors, masters or doctorates degree.
Modo Marketing Ltd is a fastest growing company with a local presence in the UK. Modo marketing has become a dominant player in the recent year in handling of brands in UK. As a dynamic company, Modo has been successful in putting up good results and make to the level of the customer expectations.
Modo follows the simple philosophy of planned strategy, but it is our skilled possessions that make the difference. Modo Marketing believe in exploring all areas to promote a brand or product and look for opportunity to succeed and deliver with full potential.
Modo begins with a methodical knowledge of marketing and sales process in which the company initiates a blue print about how to move into the market. Modo Marketing then builds the marketing plan based on that foundation of strategy and planning. The rest they ensure how to build in more awareness to our clients and generate leads.
Modo Marketing Ltd makes sure to put in the right effort at the right time to promote our customers product or service. How Modo Marketing initiates by putting in perfect marketing plans by taking into account the growth initiatives Modo Marketing by planned sales and marketing management. Modo Marketing are able to provide a comprehensive gainful planning and direct marketing to reach beyond the client’s requirement. Modo provide marketing solution to large and small business firms.
Bookkeeping and financial services is the process of keeping the records of the books, business documents, and all other details related to the business. In book keeping services records of both – money received by business house and money to be paid out is maintained. The federal and local taxes agencies require the bookkeeping and financial services for accuracy. Professional bookkeeping and financial servicesare required for business growth. It frees the organization to concentrate on their core activities. It is a well known fact that the task of bookkeeping is time consuming. Business owners have lack of time and hence, they generally hire skilled bookkeeping and financial service providers.
Now-a-days, online bookkeeping and financial services have grabbed market attention. Actually, these services make use of latest technology which saves time and is cost effective too. E-Bookkeeping and financial services professionals cover up the entire scope of the bookkeeping services according to the requirement of the client. E-Bookkeeping encourages the client to achieve operational efficiency and provides for better result with involvement of experienced resources.
-What Is E-commerce And How Does It Augments Global Sourcing
E-commerce or electronic commerce, as it is popular, allows domestic as well as international trade over the Internet. The advent of E-commerce is boon for global sourcing and import and export. The boost to global sourcing and import/export through E-commerce is because of its to conduct online marketing, monitoring supply chain and monetary & data transaction in a dependable manner.
-Evolution of E-commerce with Global Sourcing
It is hard to tell whether import/export volume has swelled because of E-commerce but sure it made global sourcing easier to monitor with its evolutionary phases. Three decades ago, it facilitated fund transfers- albeit electronically besides facilitating exchange of POs and invoices in international trade. Electronic teller machines are the recent manifestations now overtaken by internet creditcard processing and endorsement of unsigned invoices even in international trade.
-Why is E-commerce Popular in International Trade and Import/Export
Looked at from both import and export traders’ perspective, international trade is easier conducted electronically. Here are the points why present international trade depends much on E-commerce.
1. Quick and ease of setting up E-commerce storefronts for both global sourcing as well as import/export