Business Plan - What Is It? A business plan is a document that provide answers to the type of questions anyone who may provide financing would like to know about your home business. A business plan says. "I've considered this from every angle, and here's what I've come up with". What is your product or service? This is the first question every business plan should answer. You must explain in the clear, concise language what in the world you plan to produce or what service you plan to provide. Who are Your Customers? You need to clearly identify your customers in order to properly target your advertising, packaging, pricing, et. What Makes You Different? You need to identify the "primary factors" that will make your business different than other businesses you'll be competing with. What are Your Expenses? Your start-up expenses include any equipment that you need before you can get up-and-running, while your day-to-day expenses are staff costs and supplies. Following is a Simplified Example of Business Plan Catering Plus The business will be a home-based catering company, producing luxury food for special occasions such as birthdays and weddings. We will provide a comprehensive catering service, while specializing in high end customized cakes, which have a higher profit margin than other foods. Our catering business will be aimed at middle-class customers who desire a top-of-the-line catering but must operate on a budget. Our initial market area will consist of Mytown and the affluent area of Theretown. We will only use commerical grade ingredients purchased from wholesalers and provide top quality design and service. This will allow us to provide food that looks tastes great, while keeping costs as low as possible. Beause I will be using my kitchen and making the food myself, there are only two real expenses: The purchase of an industrial grade mixer and then the day-to-day cost of supplies. Our research has shown that this supplier offers the best value for start-ups. To wrap it up, you should include a breakdown of both projected profit and loss per month (in graph form)for the first year in business. Show one-time and day-to-day expenses versus projected profit to indicate how you will pay-off your loan. Your business plan should show you making enough of a profit each month to live on - if it doesn't, then it may be considered unfeasible. Study a Few Real-World Business Plans The best way to get a real a feel for the dos and do nots of a business plans is to find real-world plans that have already been approved and study them. A good place to start is the internet. Once you've studied a few, you will get a better feel for how much work will be involved in putting your business plan together.
A reverse merger is a method used by many small and mid-cap companies to initially go public, its the purchase of, and "reverse merger" into, an existing public shell company. This is inexpensive compared with conventional Initial public offerings (IPO). This is also a simplified fast track method by which a private company can become a public company.In a reverse merger, an operating Private company merges with a public company that has little or no assets, nor known liabilities (the "shell"). A shell is what remains of a once public company that has ceased to operate, by going bankrupt or liquidation of assets. In some rare instances, the shell may have some amount of cash remaining for investment into the new enterprise. The public corporation is called a "shell" since all that exists of the original company is its corporate shell structure and shareholders. The private company owners obtain the majority of the shell corporation's stock (usually 90-95%) through a new issue of stock for the private enterprise or asset.The public corporation will normally change its name to the private company's name and elect a new Board of Directors which will appoint the officers. The public corporation will usually have a base of shareholders sufficient to meet the 300 shareholders requirement for eventual admission to quotation on the NASDAQ Small Cap Market or American Stock Exchange (if the private company's financial condition substantiates other NASDAQ or AMEX requirements). The company must file a form S-4, this form is use to register securities in connection with Business combinations and exchange offers. although some shells have as few as 35-50 shareholders, and are currently listed (or can apply for listing) on the OTC Bulletin Board or the NQB Pink Sheets.A Reverse Merger may be the quickest way to go public but is it the best?Lets look at a few drawbacks of using a Reverse merger to take your company public.(1). The cost of the shell: the price of corporate shells has skyrocketed over the last couple of years, due to increased SEC scrutiny and demand for shells by Chinese companies looking to go public and trade in the U.S.The price of public shells today start at $500,000.00 and people are paying it. With all the other expenses the final cost of doing a Reverse Merger could be close to one million dollars.(2). Greedy shell owners: The shell owner not being satisfied with the $500,000.00 Plus he gets for the shell and usually keeps 5-15% of the shares for himself.The shell owners shares will come out and cause problems for your share price when you least expect it, even if he sign an agreement not to sell for a year, he can not be trusted, its the nature of the beast, greedy and slimy like all snakes.Dont let the shell owner dictate to you and insert a stipulation in the contract forbidding you to do a reverse split, after all he needs you more than you need him, you can go public without him but he cant get his money without you.(3). The smooth talking consultant that can sell ice to an Eskimo in the middle of winter. He will paint a rosy picture and not warn you of possible bumps in the road to the public square.Often the consultant may be the shell owner at the same time or at least own a piece of the pie, and is disguising his ownership with the help of a Lawyer.The consultant should have financial industry experience, if he doesnt have a website, most likely he does not want the visibility that the website provides and is operating in a stealth manner, under the regulators radar screen.A website provides a open forum for consultants to do business but many shy from it because they do not want the regulators to see what they are doing, many have been barred by the SEC from having any involvement with securities transactions.I keep a website and write articles because I want the visibility they provide. In many cases if you type the name of the consultant into google you will be able to see if they have been convicted by the SEC of securities fraud in the past.(4). Due diligence: proper due diligence can save a lot of headaches later on, examine the shell closely, why are they out of business? Or if they have any hidden problems Such as angry employees, upset investors, product litigation. Or inconsistencies in prior financial reporting which can cause serious SEC problems down the road.(5). Short Sellers: When I was a market maker I tried not make a market on the stocks of companies that used certain consultants because between the shareholders, the stock held by the shell owner and various other group the potential for a big sell off existed., short sellers know that when that stock comes out the share price will go down so they try to get there first.For additional information visit: http://www.genesiscorporateadvisors.com
Imagine if you will that you have taken all the steps necessary to start your own business. You sit down and decide that although the company could theoretically function, I need some sort of uniform, t-shirts that inspire confidence and let my costumers know that we are for real. Okay, now where to I begin. Well truth be told the internet is a great place. It is the greatest source of knowledge available. Now the real trouble begins. If one uses the internet, then presumably geography is not of the utmost importance to him. This is good. In the modern screen printing industry you dont need to worry about geography. Telecommunications allows for all necessary information to be sent via the internet. The two the things that need to be considered when choosing a screen printer are price and customer service.Price is a no brainer. If a company is national odds are they have some scale. They are probably able to get the job done cheaper then someone who prints only in a metropolitan area. This is not a guarantee, but often it can help narrow the search. I often recommend checking what printers are available in your state and local area, but it doesnt matter if they have a physical presence there. If you make sure that shipping is included in their quote then you can see more quotes and have a better chance at getting a better price.Customer service is of equal importance. The firm that makes you feel comfortable time and time again and never lets you down is worth something. A firm that lets you know the cost up front or is willing to wave set up or art work is worth considering. These firms may even end up saving you money because they often want your business. In my experience the firm that is will to talk to you, give you a quote, and try to sell you on the idea wants your business and will work to get and keep it too. This doesnt mean that you want someone who is pushy and tries to force you into something that you dont need or want, rather look for a firm who is eager to do business and to please.Think about these things when you do go to buy screen printed t-shirts. The other thing to consider is killing a few birds with one stone. My company also produces promotional products which is something else you may consider buying. All and all do what is right for your business. In the business world everyone looks out for number one, but that doesnt mean there arent people who want to see everyone succeed. Your best bet is placed with one of these people. They would love both you to make money and that is why they are what you need to look for in a screen printer: fair prices and good customer service.
Global trade has necessitated translation to and from many languages of the globe. An intricate process, owning to variations in syntax and construction rules in world languages, translation entails a careful selection of translator and reviewer services.Since you cant review the quality of a translated document, you can make sure that:1. The document you are giving for translation is of the best level possible.2. The team you are paying meets your top notch requirements.Before handing off:1. Initiate the spell check and grammar check: An obvious but a completely necessary step. Remember, if your document is error free, there will be fewer translation errors to deal with!2. Keep a copy of the document with you: This might seem like a superflous suggestion but an excessively enormous number of people forget to do so!3. In your document: Keep the sentences short and clear and avoid using abbreviations (Say can not instead of cant).Deciding on the translator:1. Inexpensive is not best. Your neighbors kid who took a French paper last year might be able to flaunt his French connection but translation is a professional calling. Paying less might turn out to be very costly for you.2. Choose a service provider who has a large number of years of experience in translating into the language you are seeking.3. The translator should be a native user of the language and must be conversant with the culture and minutiae of the language he/she is attempting to translate from.4. The translator should also be able to understand the finer nuances of the language he/she is translating from.5. Choose a translation company that offers to take the complete project - from translation to editing, proofreading and even desktop publishing.After handing overHanding over the document doesnt ensure great translation. Your inputs will be important even after handing over. Time invested here will extract advantages in terms of error free documents of great quality.1. Make sure you have a detailed discussion about your project with the service provider to explain your requirements and to understand his/her concerns.2. Be accessible to answer concerns and questions whenever the translator requires you.Some more things1. Never press the translator to do a sloppy job. Think through your project well and build in time for assessments and translations properly.2. Select a good reviewer with the help of your translator.3. Dont submit a half finished document. Translating corrections and additions can be pricey and may introduce errors.4. Never try to piece together bits of translated material yourself.Ensuring the quality of translated documents is as much your responsibility as that of your translator. You can ensure quality by also insisting proofreading and making sure that the numbers, dates and figures are error-free.You also need to share supporting documents like references and glossaries with your translator to enable him/her to do a better job. Most of all, you must set realistic turn around time for your translators.Never get lost in translation again! Visit our site for quality translation companies and slang software!
Is your company ready to go public? How will you decide whether your company is ready to go public or not? There is no magic number or formula which qualifies a private company to transform into a public company. Then what are the factors which determine a company to be ready to public. Let us explain when you can transform your private company into a public company. A public company can attract lots of shareholders from any place, where it sells its products or services. Check whether your products or services have a good market or not. If your product features a good regional market or national market you can transform your company into public. The basic fact behind this is that, if your product has a good name among the people, there will be large numbers of people who are ready to purchase your companys shares. If your product is not having such a market then there will be any use for you to go public. Investors will check your companys market value before making any investment. If they see your products or services have good move in the market they will surely rush into for buying shares. The next step is to check whether your management team can grow your company or not. If your answer is yes, your company is ready to go public. This is because your management team is the vital part of your company who plays a main role in successfully using your equity financing. If you feel that they lack significant education and work experience, then dont go with idea of making your company public. If you feel that your company has enough credibility, and need some additional money to grow more, your company is ready to go public. Remember that you will get necessary shareholders and investors if you have enough credibility. But when your company transforms into a public company, your companys responsibility increases and you must have a good management team to slowly grow up into new horizons. Unless you are sure your management team has good work experience, dont go to make it a public company. Make a good business plan which should also be the vision and strategy of your company. You can also modify your existing business plan, keep in mind that you are going to expand your company into a public one. There is no special time to say it is a good one to go public. If you think that your companys products and services have a good market you can go public. But it is better from your part to prepare some month before you are moving such a step. This is because you need to study the ins and outs of the public sector. As you are new to the public sector it is wise to make a study about the public sector before you transform your private company into a public one. This is something you have to be done so as to make your company tie up with the new standards. After all, once more make it sure that your company qualifies to become a public one.