Business Services

Setting Up a Small Business When You’ve Got No Money
Setting Up a Small Business When You've Got No Money

Now, in the current financial climate, no-one (apart from a select and lucky few) includes a good deal of cash to throw about. If you’re watching every penny, it might seem that finding anything spare for the business idea is going to be impossible. Happily (and I am living proof) you never really need THAT much money to start up an enterprise. However, and also this could be the cold, hard truth, you need to do need some. Not much, but a majority of. You cannot start a business spending next to anything – well, when you can, please email me and let me know how!

But, you might need less than you think.

If you’re starting up an internet-based business, where you’re casually intangible products like information (for example), then you might start a business while using following (note: all costs are approximate and subject to change):

A computer/laptop = 300

Standard Microsoft office software = 100

Broadband rental = 5 – 10 per month

 Domain name registration = 6

A year’s web hosting service = 30

For this small outlay, you might build a free WordPress website and blogsite, create content, commence to get traffic then monetize your website. All that it might run you in the years ahead can be your hard work. If you’ve already got some type of computer, broadband connection, and Office software, then you’re in front of the game already.

Realistically though, you’ll probably need money for the some or consume:

  • Further training (often a good investment)
  • Physical stock (should you be running a web-based shop)
  • Raw materials should you be making products to sell
  • Marketing materials
  • Networking fees
  • Utilities
  • Computer software and equipment
  • Insurance
  • Registration fees and licenses
  • Accountancy fees
  • Logo and branding
  • Office equipment
  • Stationery

Remember, you must put aside a …

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Business News Today

Cashing in on Your Facebook Network – How to Turn Friends Into Customers
Cashing in on Your Facebook Network - How to Turn Friends Into Customers

It’s easy to fill your Facebook friends list with folks who might be considering what your company offers. You can join groups catering to your target audience and connect with folks there. But once you’re friends, how do you contact they will and get a conversation going so you can check if they want that which you offer?

When you add someone like a friend you need to leave them an email that prompts them to write you back, just make sure make it happen you will still only get maybe 2~3 from ten individuals to write to you. People get so many friend requests which they tend to just accept every request they get and ignore messages.

Most notes people write to you after they give you a friend request are generic so most people usually ignore them, then when somebody ignores your message you need to try to call your new friends as they are a possible customer. Here’s the way to accomplish that.

Once somebody will be your friend, they’ll make an appearance in this “recently added” list through your “friends” tab. What you can do from this point is to select somebody’s name, and send them a communication. You want to be capable of copy and paste a quick message to them like the one that I use: “Good to possess you as a friend, (name)! I don’t think I know you personally. Tell me something interesting about yourself. What is it that you simply do?”

Now my whole purpose in sending this message is usually to turn them into my customer, but I don’t wish to go blabbing about my company straight away. You won’t get any response this way.

With a quick personal message this way I can make contact with a couple of …

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New Business

Buying A Business – How Much Working Capital I Will Need
Buying A Business - How Much Working Capital I Will Need

“Working Capital” is the amount of money you will want on hand if you dominate the company.

Many small company buyers make the mistake of putting every last penny of these savings into the purchase of the company.

It is irrelevant whether you utilize your savings simply for the advance payment or if you pay the value completely beforehand. You will need to keep a significant cash reserve to help you cover initial business operating expenses plus your daily living expenses.

To determine the amount of cash you ought to have in reserve marriage ceremony you take over, you will want to carry out some planning. I suggest you begin by conservatively projected sales and expense for that first six months you use the business.

To project sales for your first six months go ahead and take average sales to figure the business has generated over the past two years. I know you might be enthusiastic about a new business and can need to project figures based on a best-case scenario. But for now, be conservative. Assume that this average monthly revenue from your past 2 yrs is all you may generate within the first 6 months and you will not get involved over your head.

Once you determine the typical sales

you will want to calculate all of the fixed costs that you need to cover inside the first half a year. These are each of the expenses that the business may have it doesn’t matter what happens with sales. Rent will probably be your biggest fixed expense. Other fixed expenses include utilities, payroll, insurance, taxes, etc.

Next, give a cushion with a minimum of 10% to cover miscellaneous, and unexpected costs very often appear to arise.

This should supply you with a realistic – and incredibly conservative – …

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Business Services

What Is an International Re-Invoicing Strategy?

Re-invoicing is the using the lowest or no tax company to behave as an intermediary from a business established in a single jurisdiction, typically an increased tax jurisdiction, and it is customers outside its home jurisdiction. The domestic business sells its products, having a small profit, on the non-or low taxed company which intern marks the product or service up towards the original price tag, and sells the item for the customers not in the onshore company’s jurisdiction. Profits of the intermediary accumulate at zero or low tax rate while the small profits with the onshore business are taxed at its jurisdictional rates.

International re-invoicing strategy, for example

An onshore business sells $1,000,000 of products annually to some company established beyond your jurisdiction where the onshore company is established, as a British company sells to a Spanish company. Assuming that operating expenses and the price of products are $500,000, the British company earns $500,000 on its sales before taxes. Taxes average say 45% or $225,000 thus reducing net profits to $275,000.

To utilize a worldwide re-invoicing strategy the British company would utilize a non taxed company, like a company established in Belize, Panama, or other tax haven location, to serve just as one intermediary involving the British company and its particular Spanish customers. The British company sells its goods to the Belize company on credit for $600,000. The Belize company, therefore, sells the products for the Spanish customer for $1,000.000. The Belize company thus earns $400,000 in profits. Since there are no taxes in Belize on international transactions, the $400,000 of profits doesn’t have any taxes imposed on it.

The British company shows a tiny profit of $100,000; an income of $600,000 less than the cost of goods sold of $500,000. Assuming a 45% tax, the British company would pay …

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Business Services

What Is Gamification and How Can Businesses Benefit From It?
What Is Gamification and How Can Businesses Benefit From It?

An emerging technological trend, gamification is the process of integrating game dynamics into a web-based portal, web content, services, or campaign. Essentially a new concept, utilizes game mechanics in a very non-gaming enterprise, using the function of boosting audience engagement and driving brand loyalty.

Also thought to be a playful yet intelligent means of solving enterprise problems and achieving desired business results, gamification may contain the application of badges, progress bars, or virtual prizes. When integrated into an organization’s process portfolio, intelligent gamification is expected to switch behavior, trigger innovation, and alter engagement altitudes, effecting the advanced level of participation.

The term “gamification,” is dangled since the next frontier in mobile and internet promotion. The concept is based on the principle of how the present and younger generation is a bit more attuned to games as compared using the earlier age brackets. Currently, gamification is adopted in a broad range of applications, like employee programs; wellness or personal activities; shopping on the web; financial services; primary education; project management; extreme sports; along with loyalty, and brand sustainability programs.

A recent Gartner, Inc. report is predicting that by 2014, “gamified services” can become the game for customer retention and marketing of consumer goods. By 2015, 50 percent of organizations will probably be routing their business and software strategies toward the gamification of these innovation processes. With over 70 percent of Global 2000 firms having one gamified application at the least, the value of the theory will probably be tantamount for it of eBay, Facebook, and Amazon.

Discussions in the September 2011 Gamification Summit in New York also ascertained that gamification is utilized to enhance the performance of employees. Startups and big firms that are searching for to attract, train, retain, or incentivize personnel are increasingly looking at the buzz, and are …

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