Sales turnover and net profits may follow a rollercoaster pattern familiar to most business but when the cash flow dries up the game is over. Urgent attention to the management of working capital can provide every business with the cash resources to exploit its potentialMost businesses will experience periods of lower sales and times when losses may be incurred as expenses exceed sales income. The situation is recoverable by producing higher...more
There are 4 parts to a UFOC:* Cover Page* Table of Contents* Items 1-23* ExhibitsThe format for each of these sections is very specific and covers the following:Cover Page The Cover Page identifies the franchise business, including the name under which the franchisee would operate and what type of business it is. It also includes the amounts of the initial franchise fee. In addition, any additional risk factors are included on the cover in all...more
Whether you are planning to start a brand-new business, expand an existing company, or get financing for a business venture, you will need to write a business plan. A business plan not only lends your business a sense of credibility, but also helps you to cover all your bases, increasing your chances of success.Although writing a business plan can be a lengthy, intimidating project, it is not necessarily difficult. Here is an overview of how to write a successful business plan.What to Include in Your Business PlanYour business plan needs to demonstrate that you have thoroughly considered all aspects of running your business. To that end, the standard business plan has nine major sections, covering everything from your business's mission statement to a detailed financial analysis.Executive SummaryThe first - and most important - section of your business plan is the executive summary. This section is so important that it should literally be the first thing the reader sees - even before the table of contents! However, it should also be written last, as you'll have a better understanding of the overall message of your business plan after you've researched and written the other...more
Exchange Traded Funds, better known by many investors as iShares, the brand owned by Barclays Global Investors ('BGI') have been around in the UK since April 2000, with the launch of the iFTSE100 on the London Stock Exchange. From a slow start, by the end of 2005 (the latest figures available), some 125 billion was held in assets under management....more
Superior business leader and American investor Warren Buffett is often called "Oracle of Omaha" or the "Sage of Omaha" and philanthropist. (Wikipedia, 2007) Buffett is the CEO, and the biggest shareholder of the Berkshire Hathaway Company. Buffett's has an estimated current net worth of approximately $52 billion in US funds. Forbes Magazine ranks...more
People are losing their homes and many more will lose their jobs before the mortgage meltdown works its way through the system.To paraphrase Alan Greenspan's remarks on March 17th, 2008, "The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War. The crisis will leave many casualties."How many casualties? Experts are predicting that in the next few years, between 15 and 20 million homeowners could have homes worth less than what they owe. Walking away from a bad situation may actually make sense for people who mortgages that are 'upside down' considering the fact that refinancing is out of the question and home equity is nonexistent. It seems quite easy to point fingers at greedy Wall Street titans for causing the sub-prime mortgage crises. They after all, put together the deals that allowed banks to underwrite mortgages and then offload these liabilities to investors. What many fail to realize is that there is no shortage of blame to go around from homeowners buying more home than they could afford to real estate agents looking for more commission dollars. Mortgage brokers and bankers, the banks...more
For many people, even those with good spending habits, creating and sticking to a budget may seem like a significant challenge. Learning to budget wisely, however, isn't just a tool for getting by from month to month. Good budgeting is the first step...more
Obviously, when it comes to credit card debt, the easiest answer for "how to get out of it" is simply to pay everything off. Unfortunately, everyone isn't in a position to do something like this, especially those with extreme credit card debt....more
Does listening to the news or reading the newspaper make you feel scared? Does walking to the mailbox invoke feelings of gloom and doom? Do you walk around the majority of the day feeling anxious and afraid as if waiting for the other shoe to drop?...more
Sources for goods in ChinaFirst establish who the supplier is! It seems obvious but there are many routes to buying products in China through agents, trading companies, wholesalers and factories or any number of "back door" sources. Agents operate on...more
Payday Generator is a new company with a product built for this economy. This business is marketing a travel membership second to none. Consumers can now save hundereds of dollars at week long luxury condo stays. The best part is, this unique travel...more
The economy is in its worst shape in over 60 years. At this difficult time, does your company have the energy and drive it needs to compete successfully? Some indications that your company needs a strong dose of "Viagra" include: Soft Sales - A...more