A reseller is a company or an individual who purchases goods or services in order to resell them, instead of consuming them for personal use. It is usual for resellers to make profit from their entrepreneurial endeavor. A prime example of this is in the telecommunication arena where major companies first buy up more than their requirements of transmission capacity and then sell the surplus to small carriers who in turn sell it to the customer for...more
When purchasing the assets of a company, finding a good letter of intent may not be easy for everyone nor may a good one be easily available especially when you are in need of it most. You may have a general idea and some time to spare to write one for yourself, but you might be slamming the door on yourself if it does not turn out to be effective and useful for those who will be using it. Such a letter of intent to purchase the assets of a...more
Daily you are leading others. You guide them and hope that they will continue to improve, produce, stick around, and crate the results that you have asked for. Are you providing the same sort of TLC to your own leadership skills, behaviors and attributes? Likely, the answer is no, but perhaps you do. That would mean you work on it, practice new techniques, always put the needs of those you work with as a priority, and spend dedicated time being an even more effective leader. Well, okay, if you don't do all of that, let's begin with the basics.Number one, your corporate wellness, meaning the wellness of your very own business, division, or team and its ability to perform well into the future, depends largely on how well you lead now and in the future. Number two, your ability to lead begins with you. How well are you leading you and is it in alignment with how you lead others? Let's explore that whole concept of leading others as well as you lead you.There is a direct correlation between how well you lead you and how well you lead others. In other words, much like you might try to set a good example for your children by being a good parent who does as you ask them to do, you also...more
When someone is running a small local business, they can make the absolute most of their marketing budget by making sure they leverage their internet marketing tools. The internet is the one place where a small company can actually have a legitimate chance to compete with their larger competition. The most traffic online comes from search engines....more
Are you feeling a little toasty this holiday season? Would you love to be one of those people who can stand up at the drop of a hat and offer a clever toast? Do you hold back because you aren't sure what to say or do you resist the urge because you aren't sure of the correct protocol?Few people seem to hold back for fear of committing a faux pas....more
As the end of the year rapidly approaches, the Tax Working Group is hard at work reviewing the current tax system of New Zealand. The Tax Working Group is a consortium of professionals in academics, government, and industry whose expertise shapes the proposals presented to the government.The current proposals are expected to produce greater equity in the system and broaden the tax base to be used as funding for anticipated decreases in the rate for personal, corporate, and trust taxes. Property investors will be affected by proposed changes to the capital gains and land taxes as well as the addition of a risk-free rate of return income tax.What's Going to Happen?Shortly after the beginning of the new year, the public can expect to be notified of the results of the review. What will the upshot of these proposals be?More than likely major reform is coming. When it happens is questionable. Public and committee reviews will probably defer the chances changes are enacted any time soon.Corporate and trust top marginal taxation rates will come into alignment (the 30-30-30 option) with Australia and be assessed at the same rate. Regular corporate and trust marginal taxation rates will also...more
Normally, gold is priced relative to the global value which is based on global demand and global supply. A gold mine shuts down at the same time as the people in the area start wanting to buy more gold... and the price just about stays the...more
Around this time the previous year, plenty of businesses need to freeze spending. All indications are that the recession is almost gone, so small businesses can get back to normal. Therefore, today is a great time to consider what the recession has...more
While doing business in Europe it is extremely important to be aware of the cross-culture differences. Bearing in mind the cultural influences of a country are crucial for the success of your business. Are you planning to start out a new venture in...more
Waiting 30, 60 and 90 days for customers to pay invoices is one of the most difficult challenges small and mid-size businesses face. It can be particularly hard to manage your business when you're waiting for clients to pay.Invoice factoring is a...more
As its name implies, a business plan is a summary of how the owner of the business, a manager or an entrepreneur wishes to organize his business as well as lay down the procedures and processes needed in implementing the plans to a logical and...more
Owning a business means a lot of decisions to be made and employees to keep happy. Perhaps your business is located in a less than state-of-the-art facility, which could mean your employees are uncomfortable if the air conditioning isn't up to...more