Author: Debbie Dragon The New Year is upon us and it's time to shake up your online marketing business. What do you have in store for 2010? Have you set some goals for your business or are you planning to just “wing it” for another year? Ask any successful entrepreneur the single most important task they do for their business and you'll probably hear something about setting goals. Most people think about what they'd like to accomplish in...more
Investors will be interested in the financial return they can expect from your business. Many types of businesses only produce a significant financial return when they are sold, often because the business does not produce excess cash which can be paid out in dividends. It is appropriate for such a business to detail the owners exit strategy which shows investors of how they will reap the rewards of their stocks appreciation in value. What Makes a...more
In reading about business plans, you may have heard the phrase conservative projections repeated a few times. Any projections of future revenues and costs for a business require assumptions, because, as we know, the future is always uncertain. However, to meet this definition of conservative projections, your assumptions must be reasonable in all areas. Here are a few ways to make sure they are suitably reasonable and your projections are conservative enough. Market ConditionsYour projections shouldnt consider that the real estate market and general economy is always booming, nor that it is always in bust. If you lack reliable information with which to estimate how market conditions may affect your business for good or bad, then take a middle-of-the-road approach. Although you can generally prepare for market conditions in the coming six months, your launch may be a year out and you need to estimate five years beyond that. Be clear as to how you applied the effects of the market in general to your projections and find information on how other real estate agencies are affected by the market to back you up. Effect of Marketing and SalesYou shouldnt assume that your marketing and...more
Your car dealership business plan should follow a standard business plan outline, offering few surprises in this regard. A few areas stand out as specific needs for a car dealer to persuade readers to invest in or lend to the company. ExperienceThe auto dealership business is a tough one, featuring thin gross profit margins, high initial startup...more
When opening your hair salon, you probably already have ideas about the services your customers will want from what other salons are doing. However, simply basing your services on competitors can make you into an imitation and ignore opportunities to look deeper. Here are some ways to back up your intuition with research that readers of your...more
When launching a salon business, plan carefully for the purchases and investments you'll have to make before you launch. These start-up costs, along with your pre-launch marketing and the working capital you need to cover cash flow shortfalls until you break-even, let you know how much money you'll need to raise. The key capital costs for a salon generally fall into these three categories:Build-Out of Salon SpaceThe space you lease for your salon will probably come as a raw space in need of renovation, finishing, and conversion into your intended business. To do so, you will probably need to hire an architect, designer, plumber, electrician, HVAC specialist, and general contractors. All of the work you put into the space are called leasehold improvements - work which increases the value of the space to the leaseholder. Some of these improvements, such as affixed tables, counters, and mirrors, can be removed at some cost if you close the business or change spaces, but the value of much of this work is lost if the business closes.Furniture and EquipmentMovable furniture and equipment must be purchased to prepare the salon for occupancy. This can include chairs for customers...more
In any form of marketplace, wholesale Alfred Angelo wedding dresses distributers are greatly needed. The reason is that the wedding gown providers are valuable business partners for your bridal gown business. The providers who offer you quality and...more
Your menu of services is a keystone of your IT consulting business plan. To decide on this menu, you have to consider how deep your services will go into the companies you work with.The Big QuestionThe big, initial question which determines what kind...more
Creating a business plan for your beauty salon presents the perfect opportunity for you to create a functioning cash flow statement (sometimes called the statement of cash flows). This will allow you to make key decisions about cash flow going...more
Author: MelissaDigital signage is a form of electronic display that shows information, entertainment, advertising, or any other messages. Digital signs such as LED, LCD, projected images, or plasma displays can be found in public and private...more
DAILY RFID has launched RFID Kit for RFID Patient Tracking System, designed for instant deployment in hospital, especially in patient tracking solution. This kit contains the hardware and software to deploy the RFID Hospital system instantly.The RFID...more
With a diverse and sometimes transient population, this city in Florida has a great demand for Miami storage. The pull for people to this city is as diverse as its population. Some come to visit, others come to escape the winter up in northern...more