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Excerpt from: Busting the Myths About Advertising a New Business

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Once you have decided to start a new business, there are a number of do or die decisions staring at you in the face. Sometimes, finding the right starting point can itself feel a little overwhelming. This is particularly true in case of individuals who are interested in new business start-ups. Should you look for a location or a name for the company first? What are the cost estimates for forming your own company? How many employees should you recruit, if any? Is it necessary to pre-advertise your company? New business start up encounters troubling questions like these at every turn.

Given below are a number of steps that you can follow to make your new business start-up a smooth and easy process.

Step 1: Get organized:
Maintain files and folders with all information pertaining to your product, finance, organization and marketing. Maintain a separate folder that contains all bill receipts. Also, keep all governmental papers in a safe place so that you have your permits, licenses and papers related to tax in one place. If you believed that you will be hiring employees, maintain a folder for resumes and other information.

Step 2: Estimate intelligently:

Once you have collected all pertinent data, it becomes relatively easy for you to do your due diligence. The information you have gathered will help you estimate the realistic size of your business. This gives you a rough idea of your market and of the revenue that your business will generate. At this step, it is important to verify that your revenue covers your business costs and brings you sufficient profits. Once this is verified, you can continue to the next step.

Step 3: Prepare a business plan

Your business plan is the blueprint of your company and its services. In it, you must include a statement of purpose. Chalk out a detailed business description and organizational setup in your business plan. Estimate of capital requirements, cost analysis and rough projections for the first two to three years will have to be carried out at this stage. At this stage you should be able to set down in clear terms what your business is all about. You would also be able to get some idea about the structure of your business, whether it should be a sore proprietorship, a partnership or a corporation. The preparation of a business plan is a vital step in new business start-up.

Step 4: Business formation:

Collecting the above data would have given you a fair idea of how viable your business is. Once you truly decide to go ahead with your company formation then hand over the task of business start-up to someone with experience in business formation. This could be your attorney or accountant. However, if you are just starting out or if your personnel do not have the expertise to look after a new business start-up, then it is recommended that you make use of the services of business start-up companies. These companies are largely involved in the formation of offshore and onshore businesses. Thus they will be able to guide you through the legal procedures involved in forming your own business.

Following these steps will ensure that your new business start-up is a smooth, easy and hassle free process.

Read this article: New Business Start-up – the Best Way to Go About it

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By Mark Bellinger

All internet business ideas and concepts essentially fall into one of the categories below.

Therefore to help you come up with your novel online concept, examine the big 5 below for guidance with conceptualizing your business model.

There is nothing to stop you from using an idea that is already in existence if you think you can execute it in a better or different way.

1. Selling Products

a) One of the most popular methods of selling goods online, and earning commissions thereon, is to do so as an affiliate.

Many online companies have affiliate programs, the most famous being Amazon, which are usually free to join.

They normally supply promotional banners etc for their affiliates’ websites and track all sales that are generated via the affiliate’s unique tracking identity number.

b) To sell your own product you can set up your own website to promote and sell with an online payment gateway as well as promote and sell it via an affiliate program.

In other words you can harness the power of all the affiliates on the internet to promote and sell your product on a commission basis.

c) Another option would be to set up an online mall.

There are many shopping cart software programs available for this very purpose

2. Selling a Service

The internet provides a perfect medium for many service companies to promote and market their services.

As you probably know there are a variety of services that can be offered using the internet as a conduit.

You could set up your own web server and sell web hosting and associated products just as any other Internet Service Provider.

Other examples of service oriented offerings are online website maintenance, data backup, etc.

3. Online Training

Before the internet, employees going on courses would have to take a few days off work and be transported to a central point where the particular course was to be held.

This procedure not only came at a cost but also leant itself to counter productivity.

Nowadays, however, the internet delivers training courses directly to each employee’s desk top – the advantages of which are obvious for anyone to see.

4. Telecommunications

In some countries the telecommunications industry has blossomed with deregulation and the competitive marketplace has opened up.

The opportunities that exist in this field for the internet entrepreneur would range from simply selling telecom equipment and services to becoming a link in an internet telecommunications network.

Voice Over Internet Protocol (VOIP) is a new internet telephone communications technology, that allows long distance calls to be placed over the internet at very low cost

This is therefore an area with lots of potential and opportunities for establishing the infrastructure required for Internet telephony and for re-selling international telephone call costs.

5. Publishing and Information

For writers and people who have content to distribute, the internet provides the perfect vehicle.

You, therefore, have the opportunity to create a publication without having to invest anything, for example in printing presses, ink or paper as you would have had to pre the advent of the internet.

Although the dot com rush and days of easy internet money are over, there are still many legitimate opportunities existing on the internet.

About the Author: The author, Mark Bellinger is a successful businessman and creator of the following websites: http://www.income.za.net
http://www.internetbusiness.co.za
http://www.onlinesynergy.za.net

Source: www.isnare.com

Permanent Link: http://www.isnare.com/?aid=21628&ca=Business

Read the rest here: These Are The Big 5 Internet Opportunities!

By Dan Kaplan

Fueling the high growth rate for Retailers, Manufacturers and Distributors is a flurry of mergers and acquisitions. In today’s world of mergers and acquisitions, and heavy usage of the Web, companies are facing a new reality. Software that meets the company’s needs now will not be effective after a new acquisition takes place, or if sales substantially increase as a result of using the Web.

While meeting with a prospective client — a CEO of a large cleaning supply company — about purchasing new software, he told me that he was planning to grow his business by end of the year from 300 million to 500 million dollars by acquiring competitors he was negotiating with. When I asked him how he planned to integrate his company’s software with the new companies he was planning to acquire, his response was: “You hit the nail on its head. The software we are using cannot support our future acquisition plans. We will have to let the companies we plan to acquire keep using their current software until we find software that can meet our new needs. Not having the right software will result in a substantial increase of our operating cost. The unfortunate part is that we did not have the foresight to think ahead of the fact that our current software would not be able to support our acquisition plans. Nobody expected that we would grow at this rate and now we have to pay the price.”

Here are 4 unforeseen business disruptions that are likely to happen when your business environment changes:

1. Quite often companies engaged in e-commerce, experience an unexpectedly high volume of sales’ transactions that the current software cannot handle efficiently, resulting in the need for additional labor and excessive operating costs.

2. Frequently, the current software cannot provide the desired analytical information needed, resulting in the downloading of large amounts of data to spread sheets and more complex data manipulation to get the needed reports.

3. When mergers and acquisitions take place, the number of users along with the transaction volume will substantially increase, resulting in the possibility that the current computer system will not be able to handle this sudden change.

4. The acquired company might not have the same business practices as the company doing the takeover, resulting in the possibility that the current software may not be able to handle the new business demands. This can result in multiple software platforms being used creating higher operating costs and additional complexities in the computer infrastructure.

When planning future expansion, steps should be taken to ensure smooth business growth.

Software effectiveness evaluations should be performed the same way as evaluating old equipment in a factory. When evaluating the current software functions, the focus should not be on how well the software meets the business needs today, but whether it can meet the business growth of tomorrow when the company moves to the “next level.” In today’s business reality, which is changing at lighting speed, lack of planning can be a very costly proposition.

Nobody likes change, but not facing the fact that a company’s current software is outdated can result in substantial business disruptions and expenses down the road. The question that should always be asked is: “if the business reality changes drastically resulting in an unexpectedly large amount of new users or volume of data transactions, could the current software be able handle it?”

About the Author: Since 1980, Dan Kaplan has worked with corporate executives to improve purchasing, increase warehouse and distribution efficiencies, and implement software solutions that result in substantial savings and productivity improvements. To lower your operating costs, reduce your warehousing and distribution business’s quote generation process from 3 weeks to 3 hours and invoice cycle from months to one day, go to http://www.smcdata.com

Source: www.isnare.com

Permanent Link: http://www.isnare.com/?aid=72026&ca=Business

View post: Technology & Business Expansion: Matching Your Data Systems To The Business Growth Needs Of Tomorrow

By Costas Kariolis

Running a business is all about juggling costs against profit. The lower your costs, the greater your profit margins. One of the biggest drains on a business’s financial resources can be their telecommunications bill. Conventional landline technology may be tried and tested, but it’s expensive and frankly, starting to look a little bit outdated in an age of computers, the Internet and fibre optic broadband capacity. Which is why if you’re running a business and are in the fortunate position of expanding your enterprise, considering switching your telephony to business VoIP (Voice over Internet Protocol) could be one of the best business decisions you make this year.

How can VoIP help my business?

If your company is growing, eventually having just one phone line is going to prove detrimental to the smooth running of your daily business. Rather than installing a second phone line that uses ordinary landline technology, a business phone line that operates on a business VoIP system can cut your costs substantially – and you don’t even have to change your hand sets to use it.

Modern business VoIP uses your Internet connection and broadband to connect calls all over the world. The real beauty of VoIP is that it can cut your call costs to the bare minimum with no loss of quality or voice clarity. Business VoIP providers offer companies looking to install a new phone line flexible packages that could mean your international calls cost no more than the price of a local call, and, in some cases, can be free. For businesses with satellite offices in other countries or who do business with international clientele, this option makes sense. If you make a lot of international calls, having a dedicated VoIP business phone line that can provide you for both local and international calls at the same rate makes sound financial sense.

No need to buy new handsets

Because of the advances in VoIP technology, you don’t even have to buy a specially adapted handset to be able to take advantage of a VoIP business phone line. A small adapter can be fitted to an existing hand set, instantly turning it into a VoIP phone. And particularly for small businesses in the process of growing their operation, every penny counts.

Call plans designed for business users give you a complete package of national and international calls at cheap rates, all for a single monthly fee, making your accounting records for your telecommunications costs easier to keep and saving you time. Switching to VoIP can also make your business look more professional. By showing that you are actively embracing the latest technology, international clients will see that you are ready for the world stage and have future-proofed your business for growth on a global scale.

VoIP is the new business tool for telephony. A natural product of the fusion between old ideas and new technology, business VoIP offers any company looking to expand their range but keep costs to a minimum the perfect solution.

About the Author: Costas Kariolis – Online Marketing Manager of Vonage UK. Vonage are leading VoIP (Voice over IP) providers for home & small business users. Offering business VoIP to landlines and mobiles via an internet phone service for a set monthly fee. For interviews, quotes, images or comments contact: Costas Kariolis Senior Director Online, UK & Canada E-mail: theteam@vonage.com

Source: www.isnare.com

Permanent Link: http://www.isnare.com/?aid=512259&ca=Business

Read the rest here: Have a Business? Need a New Business Line? Why Business VoIP Might be the Answer