Factory Business

Fortunately, there are a number of services and methods available that can make an employee search much simpler.

Of course, one of the most popular methods for recruiting employees is to use the traditional help wanted poster and classified listing. It should be noted; however that this method really only works well if you have a traditional storefront with a brick and mortar building. In addition, you should be aware that with this type of employee search you are generally only going to receive the most general and traditional recruits. While this is a reliable, and free, method for finding employees; you are much more likely to attract applicants who are unqualified and who may have questionable work ethics.

Public services can make the process of finding good employees a little easier without spending any money doing it. This is because each state has an employment service office that can help you with your employee search. These offices are often referred to as the ‘unemployment office’; a nickname most states would like to do away with. In reality, these offices are affiliated with the United States Employment Service and Department of Labor. They can help you

Important Points when Buying a Business

Every day I receive emails from purchasers and business owners needing assistance in selling or buying. I use my many years of experience in business sales and running a chain of shops to assist them in the right decision for them. It’s a bit like a psychologist really. Its just not a sale for me, it’s a dedication.

The first thing to remember is you must get it right the first time because the business you buy you should be in for at least 4 to 7 years. I advise my vendors and purchasers to give yourself a 4 year plan. You may love the business so much you want to stay longer but the majority of people are burnt out after 4 years and are looking for a change, especially if it’s a café or restaurant, and if you feel it’s wearing you down the business will suffer if you don’t sell then and of course you won’t achieve a good price if the business is run down.

Finding a Business!

I find in my business newspaper advertising brings me very little sales. My statistics tell me

• Plan ahead. Plan potential questions ahead, if you have a standard response prepared for certain questions, when you do find them being fired at you you can respond effectively and congruently. I usually tend to think up a set of standard responses that I can give as an answer to multiple questions. This will save the amount you need to memorize and help you focus on giving a good presentation.
• Know the format. Understanding the format of the setting you are going to present at will help you give a good presentation. If you understand the layout of the land, where you will be standing in relation to your audience will really help your presentation be good. You should also understand the format of the presentation. Will it be you be giving your business presention as part of someone else meeting or will you be having the entire session to yourself. Will you be introduced to present yourself or will someone else do it for you? Knowing these little tidbits will all help you relax and focus on delivering a quality business presentation.
• Know your Audience. To ensure you deliver a good presentation you should understand

Ideally, the best policy in improving cash flow is the lethal combination of ratcheting up sales performance and chasing any account receivables that are overdue. But practical situations do not always permit this. Here are some practical tips that will help you arrest that dipping cash flow.

• If you are banking upon profit projection, a growth in profit need not mean cash on hand. Practically, what you can do to realize larger receivables is to break them up into small and convenient invoices which can be collected rather easily. Even your customers will not feel the pinch like they might as when they have to pay in one installment. This regularizes and helps steady your inward cash flow.
• You can subdivide some of your monthly payments into weekly payments, if applicable. You can explain your reasoning to your vendors, who might accept the arrangement depending on your relationship with them and your integrity. Additionally, your regular payments will keep their cash flow up, too.
• Market erosion is the last thing you want right now. This is the lifeline of your business. Identify ways that you could serve your market better. It could be on the

You may be in Internet business, traditional business, or you may be a local merchant with 150 employees; whichever, however or whatever–you’ve got to know how to keep your business alive during economic recessions. Anytime the cash flow in a business, large or small, starts to tighten up, the money management of that business has to be run as a “tight ship.”

Some of the things you can and should do include protecting yourself from expenditures made on sudden impulse. We’ve all bought merchandise or services we really didn’t need simply because we were in the mood, or perhaps in response to the flamboyancy of the advertising or the persuasiveness of the salesperson. Then we sort of “wake up” a couple of days later and find that we’ve committed hundreds of dollars of business funds for an item or service that’s not essential to the success of our own business, when really pressing items had been waiting for those dollars.

If you are incorporated, you can eliminate these “impulse purchases” by including in your by-laws a clause that states: “All purchasing decisions over (a certain amount) are contingent upon approval by the board of directors.” This

Choose a Topic

Before you can put together a list of good businesses to start you have to know what area it should be in. Many people believe that there are no longer businesses available to start because everyone has thought of everything. I must say that all you have to do is stay up late and watch infomercials. Many of the products may not interest you but it shows that there are plenty of ideas to capitalize on if you think thoroughly.

So how do you choose a topic? I always tell individuals to grab a notebook and spend a week brainstorming what interests them and what they like to do. You could start a business solely because it would be a money-maker but take it from me. When they say “money isn’t everything” they are not lying. I find that if you choose markets that you actually like it makes it a lot more pleasure than work. Again this is only a suggestion and you can choose how you feel but I would recommend choosing something that you interact with anyway like “golfing” for example.

Divide Your List in a Broad Column and

view full post »