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What is Business Report? Characteristics of Business Report – Business Communication #owning

#business reports

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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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Ailes is out as Fox News head, Murdoch named acting chief #business

#fox news business

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Ailes is out as Fox News head, Murdoch named acting chief

NEW YORK (AP) — Roger Ailes is out as chief executive at Fox News Channel, his career at the network he built from scratch and ran with an iron hand for nearly 20 years over with stunning swiftness following allegations that he forced out a former anchor after she spurned his sexual advances.

Network parent 21st Century Fox said Thursday that Rupert Murdoch, the company’s executive chairman, would run Fox News and its sister Fox Business Network, which Ailes had also led, until a successor could be found.

Murdoch and 21st Century Fox did not address the widening scandal in the statement on the resignation but lauded Ailes for his contributions. Ailes did not comment in the resignation announcement.

“I am personally committed to ensuring that Fox News remains a distinctive, powerful voice,” Murdoch said. “Our nation needs a robust Fox News to resonate from every corner of the country.”

Cutting short a vacation, the 85-year-old Murdoch addressed Fox News employees in New York on Thursday. Details were not given on the settlement agreement for a contract that was supposed to run through 2018, but Ailes is expected to get a payment of at least $40 million.

Ailes will have no formal role in the company, but is expected to serve as an informal adviser to Murdoch, said a person familiar with the agreement who spoke on condition of anonymity because it is a personnel matter. The deal is also said to have a standard no-compete clause.

Fox is heading into a general election campaign in its customary spot at the top of the ratings, but without the man who sets its editorial tone every day. The announcement came on the day Donald Trump is to accept the GOP nomination for president, a speech likely to be watched by more people on Fox than any other network.

The blustery, 76-year-old media executive built a network that both transformed the news business and changed the political conversation. Fox News Channel provided a television home to conservatives who had felt left out of the media, and played a part in advancing a rough-and-tumble style of politics that left many concerned that it was impossible to get things done in government.

Ailes’ downfall began with the July 6 filing of a lawsuit by Gretchen Carlson, who charged that he sabotaged her career because she refused his suggestions for sex and had complained about a pervasive atmosphere of sexual harassment at Fox. Ailes has denied the charges, but 21st Century Fox hired a law firm to investigate.

In a statement, Carlson’s attorneys credited Carlson’s “extraordinary courage” with causing “a seismic shift in the media world.”

Several Fox employees jumped to Ailes’ defense, but notably not Megyn Kelly, one of Fox’s top personalities. In rapid succession, it was reported that Kelly was among other women who had told investigators about harassment — again denied by Ailes — and that corporate heads Rupert Murdoch and his sons, James and Lachlan, determined that Ailes had to go. The company has no plans to make results of its investigation public.

Within two weeks of the court filing, Carlson’s lawyers also said more than 20 women had contacted the firm with stories of alleged harassment by Ailes either against themselves or someone they knew. Two came forward publicly.

Before the charges, Fox’s sheer success had insulated Ailes despite some previous scrapes with the Murdoch sons over who he would report to. Fox News Channel is the parent company’s single most important property, said Pivotal Research Group analyst Brian Wieser, with some estimates that it accounted for nearly a quarter of the company’s profits.

Ailes was a prominent Republican media consultant who later ran CNBC before Murdoch asked him to create a cable news network to compete with CNN at the same time MSNBC was starting. Ailes’ slogans, “fair and balanced” and “we report, you decide,” appealed to an audience that believed mainstream outlets didn’t live up to those promises.

“He was ahead of his time in recognizing that dividing, not uniting, an audience would be the key to commercial success in the 21st Century cable news business,” said Matt Sienkiewicz, communications professor at Boston College. Ailes blew apart the notion that public affairs programming should target a broad audience with civil debates, he said.

Ailes hired a combative broadcast journeyman in Bill O’Reilly and turned him into the star of an opinionated prime-time lineup. He directed news coverage and emphasized issues like the so-called “war on Christmas” or the Benghazi investigation that otherwise got little attention. Republican politicians considered Fox the first stop for reaching their intended audience, and they learned to talk tough. “We’re not going to be defensive about anything,” Ailes said at the network’s launch.

“It is always difficult to create a channel or a publication from the ground up and against seemingly entrenched monopolies,” Murdoch said on Thursday. “(Ailes’) grasp of policy and his ability to make profoundly important issues accessible to a broader audience stand in stark contrast to the self-serving elitism that characterizes far too much of the media.”

He was also a showman. Fox had flashier graphics, brighter colors and a vitality its staid rivals lacked. The daytime show “Outnumbered” is a classic Ailes concept: four women in dresses, their legs prominently displayed, debating issues with a single male panelist.

In 2011, Ailes told The Associated Press that he hired Sarah Palin as an analyst — a decision that later gave him headaches — “because she was hot and got ratings.”

Ailes demanded and usually received loyalty from a team that knew there could be hell to pay otherwise. When Paula Zahn left Fox for a job at CNN, Ailes retaliated by saying that a dead raccoon could have done her show and gotten the same ratings.

Critics scoffed at Ailes’ promise that he’d lift Fox to first place. By 2002, he did, and Fox hasn’t looked back.

Ailes groomed no obvious successors, and has been so identified with the brand that many have a hard time envisioning the network without him. Will his successor lack Ailes’ political instincts, or tone down aggressive opinion? That could make Fox more broadly palatable, but also risks alienating the audience that has grown to love Fox and made it such a success.

Murdoch said Fox managers Bill Shine, Jay Wallace and Mark Kranz will assist him in day-to-day management of the network. Long-term, CBS News President David Rhodes is well-regarded and worked at Fox in the past. The Murdoch sons may also seek to make a statement by reaching outside the current Fox News culture.

“Whoever invented the Coca-Cola formula has long since passed this Earth, but the brand keeps selling because people like the taste,” said Mark Feldstein, a journalism professor at the University of Maryland. “I think that’s how it’s going to be with Roger Ailes. He invented this winning formula and all you have to do is not mess with it too much and it will continue to mint money for you.”

Documentary filmmaker Robert Greenwald, who made 2004’s “Outfoxed: Rupert Murdoch’s War on Journalism,” said he hopes the younger Murdochs will take this moment to change the network’s philosophy.

“I certainly think that some of the hatred and anger and racism and fear that we’re seeing in this election has clearly and absolutely been stoked and stroked by Fox News,” he said. “Once he’s gone, I hope the younger Murdochs will attempt to take an approach in which it does become a news outlet rather than a propaganda outlet.”

But Fox would have to tread carefully to not alienate a loyal audience who will be concerned this news could change its favorite outlet.

“We’re not going to see any quick changes,” said Ken Doctor, a media consultant for Newsonomics and Politico. “That would be foolish from a business point of view.”

While ratings are soaring in an election year, a newly aggressive CNN is making inroads among younger viewers that advertisers seek. Fox faces the challenge of trying to inject youth into an audience that is among the oldest in television, and viewership is expected to inevitably fall without the excitement of a campaign.

The network has also been remarkably stable, with personalities bonded from loyalty to Ailes. O’Reilly has recently mused about retirement, and he and Sean Hannity reportedly have contract provisions that would allow them to leave if Ailes does. Kelly’s contract ends later this year and it would be a huge blow to the network if she left.

AP Television Writers Frazier Moore in New York and Lynn Elber in Los Angeles and Business Writer Tali Arbel in New York contributed to this report.



6 Reasons Why a Website is Important for your Business #business #clothing


#business website

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6 Reasons Why a Website is Important for your Business

A simple question, What is a website? In its bare form, a website is a single domain that consists of different web pages. We should all know that by now, but surprisingly what we don t all know, is the benefits a website can provide for your business and its shocking to witness how many business don t actually have a website or online presence!

If you have a business and don’t have a website, you are losing out on great opportunities for your business. A website itself can be used to accomplish many different marketing strategies to help your business grow.

As a business owner, you need to know where your consumers are. But what if consumers know your business and what you can offer, but they can’t reach you? That is one of the risks you take by not having a website for your business.

What are some other benefits of having a business website?

Cost Effective
You know exactly how much your website is going to cost you and it s ongoings a brick and mortar store, on the other hand, is susceptible to many out of the ordinary occurrences which could blow out the costs such as leaving the lights on, theft, damage, extra staff etc.

A strategically developed website and online presence solution provides tremendous benefits and costing outlines.

Accessible around the clock
Your website and social media accounts are accessible 24/7/365. Imagine that you want to buy from a store. You put in all the effort required to go to the store, but when you get there, it s closed. We all know how irate we feel in that situation. You ll think twice about going back given the bad taste its left (ok might have been your fault for not checking but hey, this is proving the point here!). You will just find another store that is more easily accessible.

Since your website is operational around the clock, from the convenience of the local coffee shop, their couch or their bed, your customers and clients can easily access your website and services.

Convenient
What is more convenient: driving outside to look for different stores that are available to shop in, or sitting in the comfort of your own home and shopping for the products you re looking for? Pretty obvious answer, unless you like aimlessly driving around. Smart businesses realise this and thus have their own website housing their products and services so that potential customers can browse online for the products they want to purchase.

Credibility
By building a website you are giving your business the opportunity to tell consumers why they should trust you and the testimonials and facts to back up those opportunities. Believe it or not, most people will search the internet for a product or service before the purchase to check the credibility first. When you provide good service or product, positive word-of-mouth about your business is likely to spread. Which in turn, delivers more repeat and new business.

People tend to trust a business after they have done business with it. Using your website, you can continuously serve consumers online and increase your credibility as a business owner.

Sales
Without sales, or selling more than you spend, your business is doomed. By having an online presence you allow for the sale of your products or services around the clock to whoever whenever with no or hardly any limitations; Unless you run out of stock or overworked, but that s a good problem to have right! Giving your business the online presence it deserves is crucial to your brand and accountants smile.

In short, being visible worldwide means you are very likely to gain more customers. The more customers and visitors you have, the more sales you will generate. The more sales you generate the happier you and your shareholders will be!

Marketing
Having a website and online presence strategy allows you to market your business online. There are lots of marketing strategies you can use to advertise and market your business. All online marketing strategies have been proven to be effective. Which ones you choose depends on the type of business you are in. Speak to us to see which are best for your business.

Bottom Line
It is imperative for every business to have a website. The more professional your website is, the more advantages you can gain. Feel free to let us know your thoughts by commenting on our Facebook Page .

You might also want to check out our services page. Let us help you develop an effective website solution for your business, tailored to honing in on your prospective clients.



What Is Business Coaching #international #business #news


#business coaching

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Here s How Business Coaching Can Benefit You and Your Business

In that respect, Business Coaching is very similar to sports coaching. In sports, a coach pushes an athlete to achieve optimum performance, provides support when they are exhausted and teaches the athlete to execute plays that their competition does not anticipate.

A sports coach will make you run more laps and make you work harder than you would on your own, even when you don t feel like it. A sports coach will tell it like it is and they will listen.

Fortunately, a Business Coach does many of the same things, but in a way that is focused on creating a successful business.

The role of a Business Coach is to coach business owners through guidance, support, accountability and encouragement.

Business coaching helps owners of small and medium sized businesses with their sales, marketing, management, team building and so much more. Most importantly, just like a sporting coach, your Business Coach will make you focus on the game.

Experience winning in your business by meeting with one of our ActionCOACH Business Coaches



Buying an Internet Business – Why 2016 is the Year to Buy

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Buying an Internet Business Why 2016 is the Year to Buy

The start of a new year is always a natural time of year to make plans for the future. be it personally or professionally. It’s a good time to take stock of previous experience and think about what’s taking place in the world. Indeed, you don’t have to look too far for predictions posts at the moment, the internet is positively awash with musings about the year ahead with many exciting internet marketing trends predicted (mobile, the internet of things and as ever, more content marketing!)

Strangely though there is not much in the way of thoughts on business buying in 2016,particularly for buying an internet business. so I’ve put some thoughts together on why 2016 is potentially a very timely year to buy.

Buying an internet business – macro favors the opportunist

There’s so much uncertainty in both the US and global economy at the moment that you can carve a pretty convincing argument either way for economic collapse or prosperity in 2016 (presumably that’s how Wall Street analysts keep in business come high or low…)

I think though that when it comes to small business ownership there is strong cause for optimism this year. Consumer confidence has continued to climb through 2016 to the mid 90 s. Good news for consumer facing e-businesses.

Investment levels always tell you something about the market’s sentiment toward both the economy and small business growth. Whilst you shouldn’t always follow the herd it’s important to note we operate in an economy based largely on consent, so if everyone else is investing it’s a good sign for personal acquisitions. US venture capital investment continue to grow year over year, and 2015 saw the largest amount of investment dollars.

Lastly, borrowing is an essential component for acquisition and growth and it’s refreshing to see that whilst SBA lending softened a little in 2014 to $3.8bn (from $4.0bn in 2013), the lender is anticipating a huge boost in 2015 to $4.8bn. If you’re looking to debt finance an internet business acquisition, 2016 could well be the year to do it.

A word of warning though, it can still be quite difficult to secure debt financing for online business acquisitions. SaaS businesses and recurring revenue models that have at least three years of history tend to be the most successful candidates for funding, though cash buyers will continue to have pole position in 2016. If you want to learn about alternative finance options you can read How to Buy a Website with Finance .

Surging internet growth continues

The nice thing about most internet trends is that they almost always face upwards which makes the old Chinese proverb of “the best time to plant a tree was 20 years ago, the second best time is now” true at the start of almost every year.

E-commerce continues to be one of the biggest areas of internet growth and eMarketer expects the global E-commerce industry to increase another $263bn in 2015 to $1.763trn (yes trillion), all boding very well for site owners and potential business acquirers.

Content sites will not miss out on a continued surge in internet usage as multi-device and particularly mobile usage make the web a major source of advertising dollars. Internet advertising revenues continue to rise with spending up across every single sector. from 5% YoY in entertainment to 20% YoY in retail. Digital advertising revenue is now worth more than $40bn in the US alone (as of 2014), second only to TV, and rising at 15% per annum (5x faster than any other medium).

It’s not just the growth opportunities that are appearing in the internet investment landscape, the risk factors are somewhat fading too. Many online business acquirers are cautious of pending Google algorithm updates particularly when looking at websites with high search traffic (and they are wise to be). With the last 18 months seeing an unprecedented amount of algorithm changes. things have now started to calm and the industry is expecting a smoother runway in 2016.

That’s not to say there won’t be movement but there is much less concern over 20% single-day traffic falls as we saw with the Penguin and Panda rollouts in 2013 and 2014. The good news for site buyers is that investors now have the pick of sites that are still standing after the updates and they also have some runway ahead before Google consider another major algorithm update.

Mobile is an explosive opportunity

A major part of the trends above is the continued penetration of smartphones across the US, Western Europe and Asia as well as the proliferation of multi-device. Multi-device ownership is increasingly commonplace in developed markets with 1 in 4 smartphone owners in the US and EU5 also owning a tablet.

Almost every internet marketing predictions post is citing mobile’s importance this year and its clear from listings at FEI that site owners who have mobile-optimised their sites (at the least) or built new service or content offerings around mobile, are very well positioned for selling. With Google putting greater emphasis on the mobile user experience, potentially even incorporating “mobile-friendliness” into its search ranking algorithm, mobile-friendly is now essential.

Digi-Capital predict 61.3% CAGR of revenue growth in mobile app revenue (ex-gaming) to 2017 which is a staggering growth rate and a huge growth opportunity for buyers of e-businesses and apps in 2016 and beyond. Advertisers worldwide are recognizing the increasing penetration of mobile and its impact on consumers, and in response, plan to spend more than $64bn on mobile ads in 2015. 60% higher than 2014.

Favorable industry trends

Thomas and I wrote about industry trends at the end of 2015 and we think they are aligning positively for buyers. Whilst there’s undoubtedly more buyers in the industry than ever before, the market is formalizing and this can only be a good thing for raising industry standards amongst brokers, sellers and other industry participants alike.

An exciting new development has been the launch of Escrow’s new domain name holding service in 2014 which has dramatically increased the scope for creatively financed deals in 2016. With domain(s) held in Escrow during the deferred consideration period there is much less fear about payment default, which warms sellers to the idea of earn outs, holdbacks and other financing methods. All of this is great news for buyers looking to stretch out their funds or structures deals for lower risk.

Speaking of formalisation, the website buying industry definitely embraced content marketing in the past few years and we have seen a marked increase in content posting by brokers, marketplaces and industry commentators alike. Centurica now publish an annual website buying report and its co-founder Justin Gilchrist also published an in-depth primer on business buying.

FEI published a free Guide to Buying an Online Business to help educate buyers on how to run through the process successfully and to raise awareness about the asset class. In short, there’s never been more quality information available about internet business buying which is great news for new and seasoned buyers alike.

Buying an online business?

Download our free 83-page guide to buying and learn all you need to know

If not now, when?

So there are a lot of good reasons why 2016 presents a unique opportunity to buy an internet business. But the truth is, every year gives advantages over the previous year. So, if you’re waiting for the perfect time, then you’ve perhaps already waited too long. The right time to buy a business is now! Don’t wait for any arbitrary date like January 1st.

Instead, commit to your plan and get started right now. Yes, 2016 will be a great time for buying a business but so is today .

David Newell

David is the Brokerage Director at FE International. Starting out as an investment banker, he moved online to use his transaction experience for website brokerage. At FE International, he spends his time speaking with buyers, executing deals and working on raising industry standards to encourage more investments. In 2014 he closed more than $6m in sales and wrote a book on buying internet businesses for investors new to the space.



What is e-business (electronic business)? Definition from #business #card #print


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e-business (electronic business)

E-business (electronic business) is the conduct of business processes on the Internet. These electronic business processes include buying and selling products, supplies and services; servicing customers; processing payments; managing production control; collaborating with business partners ; sharing information; running automated employee services; recruiting; and more.

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What is a Business Consultant? #sf #business #times


#business consulting

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What is a Business Consultant?

Business consultants provide management consulting to help organizations improve performance and efficiency. These professionals analyze businesses and create solutions while also helping companies meet their goals. Business owners should consider hiring business consultants when they need help or perspective on their chosen path or need a catalyst for change in their companies.

What does a consultant do?

There are a number of reasons why business owners should consider hiring consultants:

  • Expertise in a specific market
  • Identify problems
  • Supplement the existing staff
  • Get the ball rolling on change
  • Provide objectivity
  • Teach and train employees
  • Do the dirty work, like eliminating staff
  • Revive an organization
  • Create a new business
  • Influence other people, like lobbyists

The first step for any business consultant is the discovery phase, where the goal is to learn the client s business. A good business consultant takes the time to learn as much as possible about the business, from the owner and employees. This can include touring the facility, meeting with the board of directors and employees, analyzing the finances and reading all company materials. During this process, the business consultant will uncover the details of a company s mission and what operations are in place.

Once an in-depth understanding has been developed, a business consultant has entered the evaluation phase, where the goal is to identify where change is needed. This includes identifying the company s strengths and weaknesses, as well as current and foreseeable problems. These can include problems already seen by ownership and management, and new problems seen thanks to the business consultant s objectivity. A business consultant should also identify opportunities to grow business, increase profits, and boost efficiency. [Related: SWOT Analysis: Examples, Templates Definition ]

In addition to identifying these problems and opportunities, a business consultant should also develop solutions to problems and plans on capitalizing on opportunities. Perhaps a company has a particularly strong sales department but weak marketing department; this is an opportunity for the company to increase marketing resources and capitalize on the sales staff. During this phase, it s important for the consultant and the company s employees to maintain open and clear communications.

Constructive criticism

It s important for an owner to take the business consultant s advice at this stage as constructive criticism, and not as a criticism to how the owner has been doing things. The business consultant brings objectivity and a fresh viewpoint, whereas the owner is personally close to the business. The owner should certainly have feedback and provide opinions to the business consultant, who should take the owner s reflections and revise plans as necessary.

Once the owner and the consultant agree on a plan, the consultant should enter the third phase of consulting, which is the restructuring phase, or the implementation of the plan. In this phase, the consultant is to build on assets and eliminate liabilities, as well as monitoring progress on the plan and adjusting as needed.

Finding a consultant

Finding the right business consultant may be the most difficult part for the owner or management. The consultant should have a passion for their work, a drive for excellence, and an eye for organization and detail. It s important to find a consultant with expertise in your industry or with the kind of problems that your business faces. When hiring a consultant, make sure they have solid referrals and offer these skills.

Anyone can call themselves a consultant, but it takes a combination of many skills to make for a good business consultant. It s also important to make sure that they have any necessary certification, depending on your industry. You should vet the consultant through their website and materials. Look for professional images and well-documented information about their services. It s a good idea to request examples of past successes and to speak to those businesses.

Business consultants are not necessarily cheap. But the feedback and planning they provide can help increase business and boost profits in the long run, while also helping ensure future success by eliminating problems and identifying opportunities.

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  • What is business venture? definition and meaning #business #hosting


    #business venture ideas

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    business venture

    Start-up entity developed with the intent of profiting financially. A business venture may also be considered a small business. Many ventures will be invested in by one or more individuals or groups with the expectation of the business bringing in a financial gain for all backers. Most business ventures are created based on demand of the market or a lack of supply in the market. Needs of consumers are identified for a product or a service and the entrepreneur and investors will proceed to develop the idea, market the idea, and sell the product or service developed.

    • The business venture was conceptualized during the meeting last Monday and it was executed the following week, flawlessly, for a profit too.
    • You need to understand what the risks and rewards are for any new business venture and proceed cautiously at first.
    • When the brothers inherited a large sum of money for their parents’ estate, they decided to join together in a business venture to invest the money in the same project.

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    The Best and Easiest Online Home Based Business Opportunity There Is #import

    #home business opportunity

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    Thinking Big in the New Work at Home Generation

    The Best and Easiest Online Home Based Business Opportunity There Is

    If you ve been thinking of a way to get out of the rat race and have been contemplating finding a way to fulfill your dreams at the same time start blogging. After all, it is one of the easiest business ideas online you can get going in a matter of minutes and with the least amount of money (startup costs: $0 to $100). All you do is offer really good information, create a community around your blog and attract a lot of visitors. Then, you pick one of dozens of ways to monetize your blog.

    You do have to have a certain level of passion and dedication but in terms of starting a business that will fit your lifestyle, blogging is one of the most flexible online home business opportunities around.

    So What Do You Blog About?

    Blogging is a lot about finding a balance between offering your readers really good information and entertainment. It s a great place to put your personality out there especially if that s where you shine. But in my opinion, you don t really need personality. You might be a good writer, videographer, or have a great voice for podcasting. What I love about blogging is that you can find an avenue this fits you. You can grow it as big as you like or keep it small and manageable. Either way, you can earn full time income or extra money from home. It all depends on your vision and the amount of work you put in.

    When people jump on Google, they are looking for information on some topic. Offering answers for these Google searches by way of tips and strategies on how to deal with something or how to do something better is the recipe for building a successful theme around your blog.

    For example, check out 5 dollar dinners. This blogger offers great tips on how make great meals for your family on a budget. She was able to get 1000 visitors a day on her blog in her first month of starting it. That s impressive.

    Are you good with crafts? Blog about DIY crafting projects. Here are some ideas of easy crafts you can make. Or, what about home improvement projects like this couple does on Young House Love. The couple who run that blog have taken a break recently because they grew too big.

    And lets not forget to mention the blogger of all bloggers Pat Flynn from The Smart Passive Income Blog. He s making it rain money on that blog just by offering great information and resources on how to make your blog work for you.

    And yes, they were all ordinary blogs that average people like you and me launched one day and are now making six to 7 figure incomes off their blogs from home.

    How Often Should You Get Blogging?

    As much as you can. The more updated and fresh your content is on your blog, the more chances you have to rank high on search engines like Google and Bing and the more opportunity you will have for content to go viral and get shared on social media platforms. Plus, you don t want to short change your loyal readers. If you don t want the task of putting content out multiple times aw week, chunk your production time. I knock several blog posts out in one sitting and spread out the time that I publish them for the world to see. Then, I don t have to worry about having to write every week.

    Can You Get Rich From Home?

    Well, it all depends on what your definition of rich is. But make real money. Oh yes you can. You basically get what you put out. The more invested you are in thinking about your blog as a real business, the more strategic you are going to be about your plan. Just be prepared to have a little patience because it does to take to build readership and loyalty to your blog. As you evolve, you ll learn more about what your people like and you can find more creative ways to solve their problems putting you in a position where your readers will tell other people about you to the point where you ll become famous online for a specific topic. The more famous your blog becomes, the more money you ll make.

    Blogging Online Home Business Plan: Start Up and Profit

    You first think of a concept that may be helpful to a group of people. For example, I help beginners become more goal directed in actually starting an internet home business centered around blogging and affiliate marketing. Information that I put out moves a person from wanting to start an online home business to actually starting one on the side. Don t underestimate the time investment of this stage. For some people it may take 3 months, for others it can take a year. It all depends on how hot your concept is, how large the market is, how good your information is and how much you promote your blog.

    Your blog is live online and you have trickles of traffic if you ve been promoting it. You start friending and following people on Facebook, Twitter, Google + and Pinterest so that you can fine tune the best networks that work for who you are trying to attract. You get a few people leaving comments on your blog and you may even get a few subscribers. At this point, you still are not making any significant money but possibly a few bucks here and there.

    A few of your pages and posts are actually showing up on the first page of Google and you are starting to gain some authority in your field. People are sharing your information more and you are developing trust and loyalty with your readers. At this stage, you ll start considering maybe revamping your website design because maybe you went cheap when you first started and you want something with better aesthetics and more functionality. You ll also starting to build your blog subscriber signups and have autoresponders like Aweber in place. You start making income that is a bit more meaty. Statistically, to make your first 1k for the month, you ll need around 35K to 50K visitors to your blog per month. This is a ball park figure and it is highly dependent on your blog s topic and how you are monetizing it. There are dozens of ways to make money with your blog so you ll just have to figure out what works best for you and your market.

    You have a pretty consistent traffic flow to your blog. You ve developed a solid reputation and people are linking back to your site left and right. Since you ve developed authority, you are making a lot more money. You are may be making a full time income and you have of the option of leaving your 9 to 5 behind if you like. You even have to option of hiring many of your tasks out to assistants so that you don t have to work so much in your business and have more time to do other important and enjoyable things.

    You re the bomb. You re blog is one of the top 5 in your industry and you are getting invited to speak at live events where you can get paid for sharing your knowledge on stage. Your advertisers are paying you more money because of the quality of your traffic. You may start getting endorsement proposals and/or TV appearances like Sparkplugging did on the Today Show .

    At this time, you can sell pretty much anything to your readers. All you have to do is mention a product to your subscribers and they run to buy it because they trust in your word. Many blogs don t make it to this stage but you don t really need to in order to make a full time income from your blog. However, it s perfectly doable if those are your aspirations and you are willing to put in the time and effort to get it to that point. So, there you have it. Although this lifecycle of a blog can be pretty overwhelming to look at a glance, it s really simple once you get started. It all starts with a decision and a commitment. With time, the home business opportunity you jumped on will become a full fledging self-sustaining home-based business.

    Go on. What are you waiting for? Get your blogging on.

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    Business Bankruptcy: is bankruptcy the answer for your struggling business #business #ideas

    #business bankruptcy

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    Bankruptcy in Brief

    Home / Business Bankruptcy

    Small businesses and bankruptcy relief

    Your business is in trouble: how do you determine if bankruptcy is necessary or helpful for your situation?

    First, is the business a corporation, a partnership, or a proprietorship?

    • Corporations, limited liability companies and partnerships are legal entities separate from their shareholders or partners. They can file Chapter 7 or Chapter 11 bankruptcy in their own right.
    • Proprietorships are just an extension of the owner: they can’t file bankruptcy alone: the proprietor must file bankruptcy, since the assets and the liabilities of the business are really just one form of assets of the proprietor. The individual owner may file Chapter 7, Chapter 11 or Chapter 13 (if the debt limits are met). See Chapter 13 eligibility standards.

    To answer this question, you have to know what has caused the problems the business now faces and what are the prospects for change:

    • Reorganization can’t create a market; increase gross revenue, or make up for a poor fit between the skills available and the skills required to run the business.
    • Reorganization could free up cash from servicing the old debt to permit current operations; permit rejection of leases or contracts that are no longer advantageous (an expensive facility lease or improvident equipment purchase); or prevent the loss of vital assets or cash to creditor collection actions.

    In between Chapter 7 liquidation and reorganization, a liquidating Chapter 13 or Chapter 11 could provide a breathing space for the owners to sell the business as a going concern or or its assets in something other than a fire sale.

    The resulting proceeds could pay taxes or unpaid salaries; sale of the business could provide ongoing jobs for the work force under new ownership. The bankruptcy could then be converted to Chapter 7 or dismissed if bankruptcy protection is no longer needed. The court will probably condition dismissal of the case on payment to creditors of the sale proceeds.

    Bankruptcy reorganization in Chapter 11 requires significant time on the part of the owners and managers to comply with the requirements of the bankruptcy system, interface with counsel, and negotiate with creditors. It is usually expensive as well.

    The bankruptcy bargain is that, in exchange for the protection of the automatic stay and other bankruptcy protections, the debtor provides full disclosure of its financial condition to creditors and the court, both at the beginning of the case and on a monthly basis thereafter, and operates as a fiduciary for its creditors while the bankruptcy is ongoing.

    A reorganization can drain an already stressed organization of management’s time to participate in bankruptcy proceedings and money since the legal expenses are significant.

    Most reorganizations fail, usually for lack of a real plan to solve the problems.

    Businesses that require little capital, have few assets, or are really just extensions of the owner’s skills and personality are ones that it may not pay to reorganize. The owners may be better off liquidating the business, in or out of bankruptcy, and starting over in a fresh entity.

    This can be a complex issue and requires good professional advice to do correctly. Thoughts on finding a lawyer.

    When Chapter 7 is best

    A Chapter 7, whether for the individual or a corporation, may be the best choice when

    • the business has no future,
    • it has no substantial assets or qualities that cannot be reproduced after bankruptcy, or
    • the debts are so overwhelming that restructuring them is not feasible.

    Individuals can get a discharge of the dischargeable debts and a chance to start over.

    Corporations don’t get discharges, so a corporation won’t get a fresh start in a Chapter 7, the way an individual does. Nonetheless, a Chapter 7 can provide an orderly liquidation under the direction of the trustee and at no expense to the shareholders. Creditors are assured that they will be paid to the extent of the assets available and the priority of their claim. Former management is assured that the assets that are available go (after the expenses of the Chapter 7) to pay taxes for which the individuals may be liable.

    Legal issues and bankruptcy questions are frequently complex and individual. The information contained here is intended to be educational only: it is not intended to be legal advice nor does it create an attorney client relationship between the viewer and the firm. You should consult with a bankruptcy attorney licensed to practice in your state for advice about your particular situation. See Law on the Internet