Interested In Setting Up Your Own Business?

Particularly when sales are down, you must be "hard-nosed" with people trying to sell you luxuries for your business.When business is booming, you undoubtedly will allow sales people to show you new models of equipment or a new line of supplies; but when your business is down, skip the entertaining frills and concentrate on the basics.Great care must be taken however, to maintain courtesy and allow these sellers to consider you a friend and call back at another time.

Your company's books should reflect your way of thinking, and whoever maintains them should generate information according to your policies.Thus, you should hire an outside accountant or accounting firm to figure your return on your investment, as well as the turnover on your accounts receivable and inventory.Such an audit or survey should focus in depth on any or every item within your financial statement that merits special attention.In this way, you'll probably uncover any potential financial problems before they become readily apparent, and certainly before they could get out of hand.

Many small companies set up advisory boards of outside professional people.These are sometimes known as Power Circles and once in place, the business always benefits, especially in times of short operating capital.Such an advisory board or power circle should include an attorney, a certified public accountant, civic club leaders, owners or managers of businesses similar to yours, and retired executives.Setting up such an advisory board of directors is really quite easy, because most people you ask will be honoured to serve.

Once your board is set up, you should meet about once a month and present material for review.Each meeting should be a discussion of your business problems and an input from your advisors relative to possible solutions.These members of your board of advisors should offer you advice as well as alternatives, and provide you with objectivity.No formal decisions need to be made either at your board meeting, or as a result of them, but you should be able to gain a great deal from the suggestions you hear.

You will find that most of your customers have the money to pay at least some of what they owe you immediately.To keep them current, and the number of accounts receivable in your files to a minimum, you should call them on the phone and ask for some kind of explanation why they're falling behind.If you develop such a habit as part of your operating procedure, you'll find your invoices will magically be drawn to the front of their piles of bills to pay, while maintaining a courteous attitude, don't be hesitant, or too much of a "nice guy" when it comes to collecting money.

Something else that's a very good business practice, but which few business owners do is to methodically build a credit rating with their local banks.Particularly when you have a good cash flow, you should borrow $100 to $1,000 from your banks every 90 days or so.Simply borrow the money, and place it in an interest bearing account, and then pay it all back at least a month or so before it's due.By doing this, you will in crease the borrowing power of your signature, and strengthen your ability to obtain needed financing on short notice.This is a kind of business leverage that will be of great value to you if or whenever your cash position becomes less favourable.

About the Author

Uchenna Ani-Okoye is an internet marketing advisor and co founder of Top Affiliate Programs

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How To Thrive In The Current Recession!

The King Is Dead Long Live The King!!

Yes, the King is dead.

We all know who the King was, the King in Ireland, and pretty much the whole western world for the last twenty or maybe fifty years has been property plain and simple.

For as long as I can remember the rationale was, if you're in property you're doing well, and if you've been in property long you're doing very well.Like many of you I've been there, enjoyed it and didn't get out.

So, why am I writing this article then?

Simply, because I realised that I needed another string to my bow.You see the King is dead, but what happens when a King dies is that he is very rapidly replaced by someone else who assumes all his powers, and becomes known in turn as the King.

And Man is the New King powerful.

The thing about the Old King, that being the property game was that too much of the wealth was held in property assets, known as your equity.You know, you had a property that was worth 200,000 euros with a mortgage of 100,000 euros, so theory was you had 100,000 of equity.

And the only way to turn that into cash was to sell it, and who in their right mind wanted to do that?Pay taxes, lose control of an appreciating asset, lose the future potential of that piece of property (who knew where the next shopping centre or dual carriageway
was going to go) etc, etc

The flipside was that there was no money in the day to day running of that same business unless you sold it, because due to superinflated property prices (unless you bought 20+ years ago), the rents and yields relative to debt (after expenses), required to purchase by and large were terrible.

So all too frequently, paper property millionaires were broke.

Hindsight is both a wonderful and a truly useless habit that we indulge in, but it can benefit us if we choose to learn the lessons.

For me one of the most obvious lessons from the property implosion has been that Cash is King, and that if you don't have a business with strong cashflows, (forget about equity) you don't really have a business, more of an obligation.

Enter the New King.The funny thing is the New King has been on the scene for a while.

The good news is that for those who showed the initiative to set up their own property business, who researched and viewed properties, read on their subject, attended courses, advertised their properties, negotiated with tenants, estate agents, vendors, tradesmen and women, managed cashflow and a whole host of other responsibilities is that the experience will stand to you for the rest of your life, and that these skills are transferable to whatever else you choose to take on.

The seeds of entrepreneurialism have been sown, and although the property tide has went out, you can and will be able to apply these skills to the new opportunities that are on the horizon.

To summarise, may I suggest that what you should be looking for now is a cash business that doesn't require significant debt and represents the potential for significant expansion.Some of you will know where I'm going with this.

The key is low overheads and a bigger market.If you're selling luxury Rolex watches, and you're in a town that's in the midst of a localised economic downturn, then the obvious answer would be to get out of that town, and go somewhere that isn't experiencing an economic depression.

Well, what if we said "You know what, you don't even have to move.But, what you do need to do is learn a new skill", and herein lies the key to ending the economic recession here in Ireland.

By learning how to take your business to the largest marketplace in the world, and figuring out how to sell your wares there, you can virtually recession proof your business, and rapidly accelerate your profits.And that's it, the New King is the vast economic potential of the Internet, the World Wide Web.

And believe it or not, this technology is in its absolute infancy.Think car phones that look like breeze blocks, and you're still not even close.

About the Author

If you're interested in staying ahead of the game, of getting the information that will produce results, then sign up for our FREE SUccess Tips at http://www.

ThinkAndGetRichBootcamp.com

Thanks,

Gary McGeown

http://www.

ThinkAndGetRichBootcamp.com

Empire Events Ireland

Tel - +44 2837 528 632

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Finding an Online Marketing Mentor

With the recent decline in the economy, people are looking for ways to make extra money, or to have a back-up plan just in case they are included in the numerous layoffs taking place throughout the country.With that being said, more people are considering Internet marketing as a way to create income.For those who have the desire but lack the experience, finding an online marketing mentor is strongly advised to help get you started.

What if I Don't Have Money to Hire Someone?

You've probably heard the saying, 'You can't get something for nothing, and as good as the advertisements of fame and fortune appear, they had to put up something, money, time, or often a combination of both.The truth is that if you are inexperienced, Internet marketing can be like learning a new language; it's next to impossible without some type of instruction.Many people waste a significant amount of time and money trying to do it themselves, only to find out that they need the assistance of an experienced person.

Yes, hiring a mentor does cost money, but some things in life you cannot put a price tag on.In other words, you can order as many manuals, e-books, or DVDs as you like, some of which are very informative and legitimate, but you have to realize that many of these tutorials are geared toward people who already have some basic knowledge.If you are starting at the very beginning, with no experience at all, it would be in your best interest to find someone who can not only show you the ropes, but teach you the tools and techniques required to make it in the arena of Internet marketing.

Where Do I Find a Mentor?

Just as you would research products before you make a purchase, you should also research potential mentors.Here are a few tips to help you choose a mentor that will work for you.

Check the background of the potential mentor.Do a quick Google search of his or her name to see what you come up with; you may learn something that isn't listed on their website.

What makes this person capable of teaching others?Inquire about past business experience, educational background, etc.

How will they teach you?You want someone who will allow you to do things hands-on and not just give you links to books to read.You want to make sure that what you are being taught will have proven results and are not techniques that they have created themselves for the purpose of training.

Ask for references of previous people the person has mentored.Not just testimonials on the website; ask for referrals that you may contact on your own.

Are there any guarantees offered if you don't like the program or if it's just not a good fit?Don't lock yourself into a long-term agreement ever!If a potential mentor cannot work with you on a monthly, three-month, or six-month basis, I would suggest this is not the mentor for you.

The Internet marketing business is something that is not learned overnight.It takes time and a lot of effort to learn everything there is to know.In fact, you will always be learning, because tools and techniques are being introduced to the market constantly, but it can be a lucrative business to get into if you have the desire and the mindset to learn the ropes.

About the Author

Turnkey Mentors is an online marketing course taught by proven leaders in the internet marketing and online business community at a fraction of the price of all the other guru courses on the net.

www.turnkeymentors.com

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Things to Consider When Choosing a Scottsdale Office Designer

Are you thinking about hiring a Scottsdale office designer for your company?This article will provide you with some things to consider when choosing a professional office designer in your area.Specifics may vary from office to office; however, the following information includes helpful and important guidelines from which everyone can benefit.

Your office interior can have a great impact on your business.In fact, it's one of the first impressions people get when they walk into your office.Office design, however, isn't just about office furniture.Professional designers work with you to assess all your needs.That's why choosing the right office designer is crucial.

So, what are some of the things to consider when choosing a Scottsdale office designer?Well, let's look at the following list and then we'll discuss each in detail so that you can get a full understanding of what to look for and what to avoid.

Choosing a Scottsdale Office Designer: Timeline to Completion

Once you choose an office designer, find out what their timeline is.

Some companies who are in high demand may have to push your project out anywhere from a week to a couple of months.However, their schedule needs to match yours, especially if you're involving other contractors on the project.Also, you'll want to take into consideration the type of project you're doing.For instance, if you're incorporating a lot of different rooms into your design, you'll want to make sure that they'll all be complete within a reasonable time of each other.

Everyone wants their project finished as quickly as possible.Be patient and plan carefully - this will cause the least amount of stress for all parties involved.You should also be aware that your project probably won't be the only job they're working on.However, if you can find out how many jobs they're working on at once, you can try to schedule yours at a time less busy so you can avoid dragging the project out for weeks, or worse, months.

Choosing a Scottsdale Office Designer: Warranty and Follow-up

Honest, an office designer will always offer a guarantee on their work.

Find out what, if any, of their products or services are under warranty.You should also be aware of what, specifically, is covered and the length of the guarantee.You can expect that things like building materials and hardware will be covered under warranty.

Whatever you do, don't choose an office designer that leaves you in the dust once your project is finished.Chances are, you'll have questions about a particular feature or how to replace something if it does break.Make sure the company you choose will be available to you to answer questions and work with you after your project is complete.You shouldn't be stuck figuring it out on your own.

Choosing a Scottsdale Office Designer: Client Testimonials

Be sure to do your research before you hire an office designer.

There is nothing worse than hiring someone you know nothing about.Taking a shot in the dark like that on a project that can have so much impact on the value of your home is a huge risk that you can definitely avoid.Just ask around!

There are many ways to research office designer companies.Most companies can be found online and have user reviews or client testimonials.Ask your business associates, neighboring businesses and employees who they would recommend.If you're having a hard time finding information, you can ask the company directly.They should be able to provide pictures or videos of their work.Get at least 3 references from them.You might even be able to talk to the property owner and ask questions about the quality, their level of satisfaction and whether the project was completed in a timely manner.Do your homework before you hire and it could save you from costly mistakes.

About the Author

Brian McBride is Director of Business Development of @ the Office, an office furniture dealer that has been selling and installing office furniture in Scottsdale since 1987.

Contact us for Scottsdale office design and services including furniture sales, remodeling and installation - visit our website.

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