Articles from: February 2018

Own A Franchise Financial Conversations To Have With Your Family Before Choosing A Franchise


Guest Blogger: Ray Moore, CFE, Vice President of Development, BrightStar

The successful franchisee will first and foremost find the right fit. The right fit may be the one that best fits his or her financial resources and goals. The potential franchisee should sit down with their spouse and family and ask some hard questions. Together they will have to decide what outcomes they need to realize to consider this venture a success. They will have to separate out the must have or non-negotiable outcomes before shopping for a franchise opportunity.

The couple/family should agree to the following each family will have to fill in the blanks according to their own circumstances. Its a good idea to consult an accountant:

1.We will not invest more than $_____ of our cash/liquid capital.
2.We will not borrow more than $______ in additional funds to capitalize the business.

With any start up, business owners need to have enough money, either set aside or in other income, to cover household bills and run the business for 12 to 18 months. The following questions will help determine how much is needed:

3.To make sure we can still live comfortably while growing the business, we will cut our household budget to $ ____ per month for at least ____ months and be sure to never exceed that budget.
4.We will only buy a franchise that we have confidence can get big enough to feed itself, i.e., income (cash flow) will cover monthly business expenses (fixed and variable costs), no later than ___ months after signing the agreement.

With many new business start ups, the owner will not be able to take a salary for 1-2 years. The family needs to know that household expenses will be covered during that time.

5.We will only seek a franchise for sale that we have confidence will be able to pay me a discretionary salary (enough to cover some or all of household expenses) without harming the business no later than ___ months after signing the agreement.
6.We will generate other income of $___ (amount needed to make up for loss of other income and savings budget) from ___ (spousal income, other household income or investments) independent of the new franchise business.
7.We will only pursue a franchise business opportunity that will allow us to have our initial investment back, i.e., pay off the start up loan from business income, in ____ months/years.

These are just some of the items that typically come up, or should come up, during the conversations leading up to buying a franchise. Asking the right questions will get you the answers you need. Ask them of yourself, your spouse, your family, the franchisor and other franchisees so you can get the full picture of what your life will be like while building your business, and what it can be like once you have established your new franchise.

Ray Moore, CFE, BrightStar

Earning As a Forum Entrepreneur


With the increasing number of forums created now and then, more and more Internet users are sharing and looking for some quick information on this great learning platform. Creative Forum Entrepreneurs, seeing this opportunity, grab the chance to generate revenue in these forums. This article will illustrate how a Forum Entrepreneur gain tremendously income by simply participating in the forums.

There are many forums that offer free marketplace for the members to trade freely. Some of these popular forums tor the Webmasters are DigitalPoint, WebMaster-Talk, NamePros, WebHostingTalk and EarnersForum. These forums offer a great opportunity for everyone to earn money by selling products or services.

Many forum members would have knew that they can simply sell their products or services if they own them respectively. However, is it possible for someone to generate income if he / she does not own any products or offer any services? The answer is yes, absolutely. In fact, I have been selling and promoting other people’s product in the forums most of the time. This is the power of outsource.

By outsourcing the correct product to the right market, you can simply earn by managing the customers and push the orders to your service providers. If you were to look in any forums, you will notice that there are many services offered by various Entrepreneurs.

There are also several other ways to profit as a Forum Entrepreneur. For example, you can look out for profitable sites in the forums and buy them to maintain or sell off for a quick profit. These may not be as easy for the new forum members but this is definitely a good area to study especially if you are looking for long term profit online.

Forum Entrepreneurs do not mean selling your products in the forums or creating a discussion platform for the Internet users. They simply make use of several targeted forums to look for great services and generate profit by outsourcing.

To conclude, earning as a Forum Entrepreneur is much easier than creating your own product or services and sell them in the forums or other places. Be creative and look out for online opportunities and think about how to repackage that particular service.

Computer Support Virginia Services for Small Business


Computer support Virginia services can allow you to fix any kind of hardware or software related problems of your PC. For small businesses, such services are quiet beneficial a sit can allow them to gain cost effective services.

Easy and fast way of carrying business is by means of using computer as it can assist in smooth running of business. For people running small scale business computer support Virginia services are essential as it can assist in resolving technical problems associated with your computer. In order to solve technical problems you need to have good set of skills and for people running small business it is not possible to carry out all activities single handedly. If you want to prevent your PC from sudden breakdown then it is essential to opt for reliable computer support services. Sudden break down might create problem for you as you might loose all your previous data.

Proper diagnosis of problem is essential to come up with suitable solution related to computer repair. Hiring professional services can make it possible for you to analyze problem and accordingly work over it without spending extra bucks on problem which actually do not exist. Small problems related to installation of anti virus software or corrupt software can be solved by you but when it comes to major problem, you would need computer support Virginia services. Opt for the services which say no to guesswork. Guesswork in technical errors might sometime not work in your favor and can further create more problems related to your PC.

While hiring such services for your small business see to it that professional IT expert is available to identify the problem and provide with solution accordingly. Don’t let the employee of your business assume the problem and apply their own mind to solve it. This might sometime work in your favor but can sometime invite more problems. Also it will waste lot of working time and so hiring professional services can help you to save considerable amount of time. Apart from time factor you also have to look after cost factor. Try to resolve problem as soon as possible before it gets too big and invite spending more amount of money.

Computer support Virginia for small business can be very fruitful in terms of services as well as cost. Look for the service provider who is located near to your business location so that you can save time involved in traveling. Look for the IT professional who can find it easy to resolves different problems related to hardware as well as software. Troubleshooting procedure should be aptly carried out so that further you can find your computer easy to maintain.

NTConnections provides fast data networking services, best it consultants online & exceptional business technology solutions. Opt for more comprehensive technology & Computer Support Virginia.

Money Plant Tree – The Simple Way To Attact Wealth


In case you are seeking a simple way to draw in more wealth and money into your life, start by obtaining a money plant tree. This attractive indoor plant is often used as a feng shui tool to assist with finances. The way it appears has special significance and is great in any area of a home or business. It also goes by its botanical name ‘pachira acquatica’ and is generally not naturally shaped the way it is. This unique plant is a combination of several plants with intertwined stems that appear like they have been braided. It had been first created in the 1980’s and grew in popularity internationally because of its symbolism of the five elements in feng shui.

Plenty of people have adopted this beautiful plant and used it for attracting money. You will find five leaves that branch out from each one of the stems, these are said to represent the five elements wood, water, metal, earth and fire. The five leaves on each stem is meant to symbolize the elements in perfect harmony. This makes the money tree the right tool to use for just about any part of a room or entire home which has unbalanced ‘qi’ or energy. Simply locate the region that needs help with a bagua map and place a money tree where it is needed.

The best places for the money tree are areas that have anything to do with money or wealth. As an example in the home, the preferred spot for this plant is near a safe deposit box. Businesses would benefit from having this plant near its cash register. A specific room in the home that may need a money tree would be the home office. This is where you conduct business so it definitely doesn’t hurt to have an abundance of funds in this particular area. Money trees are wonderful gifts for anyone who is starting a new business.

These plants are relatively easy to care for. They can grow to 7 inches and have a very long lifespan. Regular watering and a bit of sunlight is all that is required to look after them. Direct sun exposure is bad, since it will dry out the leaves so keep them in areas with dim lighting. Water the money trees just enough every time and let the soil dry out before watering again. Too much water will cause the leaves to brown and fall off. Avoid misting the leaves directly as that causes the leaves to fall out as well. With the proper care and right location, these plants may be just what you will need to generate the type of success you have been hoping for.

Small Business Computer Consulting Appropriately Setting Your Rates


In small business computer consulting, $100 an hour can be a reasonable and livable rate. Why can setting your rates at $100 an hour make all the difference in the world?

Take the $100 an hour and multiply it by 1,500 hours a year. This is reflecting a 75% utilization rate; or 75% of a typical forty hour work week as billable time. Now youre at $150,000 a year gross.

Salary and Affordability

As a small business computer consulting firm, you will want to take a third of the gross and plow it into sales and marketing. Therefore you can afford a $40,000 base salary for your sales account executive. So, of that one third of your gross small business computer consulting income, $40,000 can go to the base salary and $10,000 can go to related marketing expenses.

Additionally, one third will take care of taxes, insurance and overhead items for the most part, and you have a third of it or $50,000 left to pay a technical staff salary.

Surpassing $100 an Hour

You may be considering exceeding a rate of $100 an hour for your small business computer consulting firm. At that point, you can hit what we call the not-so-imaginary-hourly-billing-rate ceiling.

Needless to say, if your small business computer consulting clients are paying $110 to $125 an hour, it gets even easier to be able to afford really bright, motivated, highly qualified sales and technical staff.

Higher Rates Equal Bigger Businesses

However, if you want to charge above $100 an hour in your small business computer consulting firm, youll almost always need to move above and beyond sweet spot small business clients into really large small businesses, medium size businesses and enterprise-sized accounts that require a different business model and technical skill set.

Once you do that, youre going to be operating under a completely different type of business model. And you will need even more polished and seasoned salespeople to be able to handle those accounts.

Copyright MMI-MMVI, Computer Consultants Secrets. All Worldwide Rights Reserved. {Attention Publishers: Live hyperlink in author resource box required for copyright compliance}

Tax Tips for New Ecommerce Entrepreneurs


New ecommerce entrepreneurs can find them confused and confounded by the tax and accounting requirements of their venture. And thats a shame: If someones spotted a great new category and successfully built a web presence, heck, that someone shouldnt find themselves bogged down with the accounting minutia. The entrepreneur should focus on increasing traffic, expanding margins, and growing cash profits.

With that in mind, I offer up the following tax and accounting tips:

Tip #1: Dont Incorporate

A true corporationwhether a C corporation or an S corporationsaddles your business with more complicated tax accounting and a bunch of state filing requirements. You dont want to deal with this redtapeor at least not until youre profitable.

Instead, operate your business as a sole proprietorship. If youre concerned about legal liability protection, note that you can setup a one-owner limited liability company, or LLC. A one owner LLC is treated as a sole proprietorship for income tax purposes.

Tip #2: Start Your Business Before Making Investments

Expenditures you make before youre actually in business-in other words, before youve got a business license and before youre selling or trying to sell your stuffarent very deductible.

Specifically, you can probably deduct the first $5,000 of these expenses. But any amounts in excess of the $5,000 must be amortized over the next fifteen years.

What this means is that you want to start your business before you start spending money on advertising, training, web development, accountants and lawyers and so on.

Tip #3: Automate Your Bookkeeping & Accounting

By lawand some people dont know thisyoure required to maintain an accounting system that lets you clearly measure your income. As a practical matter, this means you need to use a product like Quicken or QuickBooks.

But you ought to go one better than simply using desktop accounting software. Make sure that youre taking advantage of online banking and bill payment features which integrate your accounting system with your banking. As much as is possible, for example, you want to be able to move money from PayPal to your bank to QuickBooks simply by typing a few keys or clicking your mouse a few times.

Tip #4: Hire a Payroll Service Before Hiring Employees

Many successful ecommerce business owners can run their operations without employees. And if thats true for you, hey, congratulations. If and when you do need employees, however, dont try to handle the payroll yourself. Oursource the payroll to one of the large payroll service bureaus like ADP, Payroll, or QuickBooks.

These services are expensive. Figure $1000 to $2000 per year. But the services let you avoid the bookkeeping nightmare called payroll and prevent you from getting into payroll tax trouble.

Tip #5: Consider S Corporation Status After Youre Profitable

Ive written and talked much about how S corporations save taxpayers money and how the right way to set up an S corporation is first create a limited liability company and then ask the IRS to treat the LLC as an S corporation for tax purposes.

Powerful Recommendations For Opening A Business Bank Account Online In The British Easy


Find ATMs – A browse means similar to what’s offered on your bank or credit union’s website will allow one to pick the nearest ATM once you’re over plus over. SMS Messaging – Text messaging plus alert was regarded as the easiest steps to let the consumer accessibility the membership information or transfer resources. Every energy the cost has been prepared or it is actually because of, the bank can also tell we with an SMS. From a customer’s attitude, being able to handle their revenue found regarding the go provides high benefit and convenience appreciate. Furthermore, in staying informed try the initial step towards controlling plus increasing.

Generating plus employed with your own on the web banking membership was maybe not hard due to the reality e- banking providers have guidance of exactly what your must carry out. Moving budget from 1 bank account to another was easily. It’s not required to wait patiently for days for a postal mail confirmation. An individual are able to readily try to find statements inside the banking account. Tracking the banking account is hassle complimentary because your can analyze information technology at any time we prefer to. An individual will feel not able to use the online banking service if you try not to posses laptops or any sort of units to access the internet.

For anyone who is brand-new to the thought of and , you should definitely learn about Opening A Us Bank Account.

Powerful Recommendations For Opening A Business Bank Account Online In The British easy

The credit score rating Card holder is empowered to invest anywhere and if he desires together with Credit Card in the restrictions set by their financial. Credit score rating Card is actually a blog post paid card. Debit Card, on the more hand, try a prepaid card with several saved advantages. Every time a person utilizes this card, the Internet financial household receives revenue shifted to their membership through the financial of the buyer. The people account was debited because of the precise quantity of purchases. A person has got to open up a membership using the issuing lender which provides debit card with a private detection wide variety (PIN).

On the web banking was a superior tool to manage banking account properly anyplace you is at any time. It is a must-have for all membership owner whom like to handle the inside and out of their own cash. About all banking institutions have actually netting banking amenity for its customer especially those big financial institutions inside the Philippines these Metrobank, BDO, BPI and other big business financial institutions. It is less complicated plus further practical at this time for you to establish any financial purchases contrasted with previously considering of the development inside web development plus banking services. Your will also shell out the energy bills, liquid electricity, phone, or insurance rates expense without mobile to the lender or payment centers.

Entrepreneurship How the Internet Helps Entrepreneurs’ Home Businesses


The Internet brought a radical change in the way we do everything. It has made the world smaller, and has brought people closer together through high speed connection. In fact, the Internet has made us realize that we now live in a global community and that everything we do affects the world around us.

The Internet not only changed the way we live, but it has changed entrepreneurs’ home businesses too.

Due to the fact that the Internet has brought the world closer together,every business has the potential for a global market. That means that the Internet has made it possible for entrepreneurs’ home businesses to have customers far away from home.

In the past “home business” meant that an entrepreneur would have to get customers from his or her immediate community. Your market was limited,but now you can get your enterprise out of the house and into the world.

No wonder that the big companies of today had to work hard in order to get out of their homes. Many of the today’s big corporations often started as home-based business.

Many entrepreneurs actually take their business to the Internet,because the Internet helps people shorten the time they have to wait until their business gets off the ground. It helps entrepreneurs’ home businesses get the push it needs to provide a global market. The Internet actually allows you to have the whole world as a target.

More and more people are opening up on-line businesses because of the simple fact that they get to make money easier this way. Today’s entrepreneurs’ home businesses actually mean that the lucky businessmen actually get to stay at home while they make their cash, because of the Internet.

Keep in mind that entrepreneurs are the richest people in the world. Professionals, lawyers, doctors, may make a lot of money, executives may have big salaries, but entrepreneurs pay these people for their services. So who do you think is really at the top of the chain?

With the Internet, you can have all the information you need at your fingertips. This means that you virtually have the whole world at the palm of your hand.

Entrepreneurs now have access to every piece of information that can affect their business. We all know how attentive one must be of things that one cannot control. The market is a very unpredictable factor in business, with people changing their preferences all the time. Through the Internet, one can be prepared for any possible events.

A simple search on the Internet allows you to take a closer look at competition. What sets those businesses apart? What is the competition’s weakness? How can you get ahead in the market?

Because the Internet also allows you access to people, you can get expert advice quickly, therefore you can reach important contacts and make business decisions faster. Entrepreneurs’ home businesses prosper because the Internet allows these businesses to have the best of help.

Transition from Military Life to Small Business Careers


Perhaps one of the most challenging career and employment situations imaginable takes place every single day when individuals serving in the military prepare to move from military service to a new career. This involves thousands of motivated government employees who at first glance should have absolutely no trouble in obtaining an appropriate job. It is hard to imagine any prospective employees who would have more motivation to work hard and succeed in whatever they do.

Despite initial appearances, military personnel are currently experiencing a high unemployment and underemployment rate. Perhaps because of this or outdated assumptions about the value of all forms of college education, the first step in military transition to business careers is often a decision to obtain a college degree. This can prove to be the right move in some cases, but it can also become an expensive mistake.

The difference between education and training is frequently misunderstood by many people, and such misunderstandings probably contribute to a disproportionate percentage of career choices focusing on educational institutions instead of more specialized (and much cheaper) career training programs. While advanced education has a special place for specific purposes and goals, it is simply not the best career choice in a surprising number of cases. One of the best possible illustrations of this dilemma occurs when someone is departing from the military. In this situation, education can appear to be the “easy” decision. But with more scrutiny, training frequently emerges as the “smart” decision.

Just as specialized business training is usually one of the most cost-effective strategies available to small businesses, the selection of a practical career training program will often prove to be a more cost-effective military transition alternative in comparison to other options that include lengthy and expensive university studies. It is true that the most viable and appropriate training choices will require some investigative time and effort to evaluate thoroughly. In large part this is due to the fact that colleges and universities have extensive marketing resources to advertise and persuade while the less well-known training opportunities are more of a “word of mouth” situation.

For example, one of the most effective career training situations devotes no resources whatsoever to advertising and lobbying. In this case the program leads to a small business finance consulting career. Because overhead is much less than the highly-capitalized universities, the cost of such services are understandably much less. Unfortunately it is not always true that you get what you pay for, so a prudent military transition will require due diligence from start to finish.

Stephen Bush has provided candid business advice to small business owners for over 30 years. He specializes in business negotiating and business proposal writing. Steve offers career training programs for small business finance consulting throughout the United States and Canada. He is a U.S. Navy veteran who works directly with individuals leaving military service and helps with the transition to a small business career.

Expert’s Indicators For Best Small Business Bank Accounts


Banking institutions need additionally used greatly in beefing upwards their own internet based financial programs plus guaranteed that net financial is actually safe plus secure. The usage of SMS informs for account was a great ways to continue track of resources plus purchases in a membership. Buyers whom incorporate internet financial could just buying products from licensed plus respected on line stores plus could utilize dependable solutions plus fees gateways. Constantly utilize protected plug covering (SSL) web sites to carry out banking on the web. Financial institutions state they’re providing people the benefit they desire, however several supporters for the older and handicapped anxiety information technology means a decrease inside access.

Technology will allow banking companies to be closer to users, to deliver a wider range of treatments at lower bills, land to streamline desire systems so that all information is actually together inside one destination where information technology may be chosen to spot trends which will lead easily to brand-new products. Digital delivery of banking services allows data to be collected and examined. Interaction may give customers a possibility to register their particular preferences, really steering to advancement of latest items. Bankers might protect these prices due to higher compliance and regulatory costs, in addition to legacy system support, safety and scam steps along with objective important performance specifications.

We make available considerably more ideas about Bank Account PRO or bank account, or alternatively Opening Offshore Bank Account.

Expert’s Indicators For Best Small Business Bank Accounts

Event of overcoming banking situation in the United States Of America. people economy has been impacted by financial trouble many times. One of these showed up during the stage of huge despair of 1929-1933. Thousand of bank deposits were devaluated because of useless operations on the banking institutions, also not coming back of the granted debts plus overall degradation on the economy. These people sealed lots of banking companies and offered confiscation of huge number of items due to maybe not going back of financing. you congress passed laws and regulations regarding founding federal businesses insuring deposits and those insuring financial loans plus discount. This system has been functioning successfully during many years.

It’s so simple. Need some sort of exchange with the bank? Just take out the mobile device’smartphone, pill, whatever, on any working system’and you’ll has a riches of apps to get it completed. You’ll see reminders when you ought to do information technology again, or set it when much as do information technology automatically. It’s simple, truly. FBR analyst Paul Miller rates First Republic “outperform,” with a $48 price target. In a note to customers after the earnings announcement, Miller wrote “based found on the company’s existing meaningful extra money plus cross-selling features,” he expects the jumbo mortgage expert “to execute its development approach successfully inside the coming quarters.”

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