Casual Articles - Business

Considering a Career Change? Discover Your Passion First
There's an old saying that if a person works at a job or career that they find unfulfilling, they're simply trading time for money. And since time is our most precious resource, your really have to ask yourself if it's a worthwhile trade.Have a look at this scenario: a person drags themselves out of out of bed on Monday morning, pumps themselves full of coffee, and then drives to their office or other place of work.They spend the next eight or nine hours performing work that neither challenges them nor fully utilizes their talents and abilities. They take breaks, chat with co-workers, go to lunch, drink more coffee, and shuffle a few papers or turn a few screws.Finally, after what seems an eternity, they clock out and drive home, only to repeat the process all over again on Tuesday.Does this sound familiar?If it does, what you need is a "passion transfusion." If you're considering a career change, and you want to do more than just trade time for money, you need get in touch wi

first charge over the book debts and they might also take other charges, depending upon the strength of the financial information.

Invoice discounting

Invoice Discounting can be Confidential or Disclosed; it depends upon the strength of the financial information. The service is the same as Factoring, except that the sales ledger administration and the debt collection is the responsibility of the client and not the Factor. Pre payment of the approved sales invoice is still up to 95% and the factor will still have a first charge on the book debt and therefore own the debt. This service can also have credit protection cover. All sales invoices need to be for a business to business debt, and some proof of delivery is generally required.

Trade Finance

This is funding provided against stock purchases, signed contracts and orders whereby the funder will prepay a certain percentage of the value

Pension fund

It may be possible to use your pension funds for a loan back to the business

Business Relationship Funding

This is another source of funds that can be overlooked. It may be possible to introduce potential alliances to add value to both parties. It may produce an ultimate exit route in the medium to long term.

A Well-Oiled Strategy Machine
Yes, that’s what public relations really is when it tracks important external audience perceptions and follow on behaviors. And again when it does something about those perceptions and behaviors by reaching, persuading and moving to actions you desire, those people whose behaviors affect your organization the most.All of which makes it much more likely that you will achieve your operating objectives.So, could this be the time to put a new public relations program in motion that will provide you with results like these?Make sales prospects aware of your product and service values and convert many of them to customers.Reinforce those same product and service values with your existing customers and keep many of them.Boost your productivity by persuading your employees that you really do care about them.Avoid unnecessary problems by insuring that the minority community knows you don’t discriminate.Make employee hiring and retention problems a thing of the

Finance for business can be obtained through a number of different sources.

Let's review some of those channels to help you decide what's right for your business needs:

Grants

There are over 930 different EU and UK grants and loans available from over 100 issuing bodies. This is the cheapest form of finance and an important part of the funding package that companies and individuals need. We can help you find your way through this maze.

Technology
Micro Projects: 50% of eligible costs up to ?20,000
Research project: For a technical and feasibility study of an innovative idea for new technology 60% of costs up to a grant of ?75,000.
Development project: For development up to pre production 35% of costs up to a grant of ?200,000
Developing an innovative idea: valuable for small companies and individuals at the start of a technical project: 75% of costs of hiring a mentor and consultants.
Export
To start exporting or moving into new markets grants of 50% of costs up to ?20,000 each.
Training and Education
Knowledge Transfer Partnerships, Achieving Best Practice in Your Business, Investors in People
Modern Apprenticeships
New Deal for various grants.
Environment
BOC Foundation for the Environment: 25% to 50% of Project cost, typically ?20,000 to ?100,000
Clean up Fund: Emission reducing equipment up to 75% of cost
Community Chest Fund: Up to ?25,000 for projects near active SITA sites
High Impact Fund: ?150,000+ for larger projects near SITA sites
Assisted Areas
Regional assistance grants of between 10 and 35% for capital expenditure in less favoured areas of the UK.

Loans

Loans are an excellent source of finance if you have suitable security to borrow against or a reliable earnings stream. This needs to be planned and presented well to obtain funds.

Credit cards
Provides up to 56 days free credit if you play the game!
Overdraft
Banks are surprisingly supportive when presented with a well thought through plan and competent management.
Bank Loans
Lenders tend to look for a good business plan and security. Typically the loan is approved by a centralised back office function rather than the person you meet. Terms and rates depend upon the risk. Repayments can be very flexible to meet your specific needs.
Mortgages
These can include flexible repayment terms to meet your business needs. This can even be incorporated into your overdraft finance so that you have one flexible account for both personal/ business mortgages and overdraft
Small Firms Loan Guarantee Scheme
Up to two years trading: Up to ?100,000
Over two years trading: Up to ?250,000
However these are difficult to obtain and are a loan of last resort.
Export Guarantee Scheme
This is government backed insurance against appropriate export documentation.
Mezzanine
This is a halfway house between loan and equity. It can be an innovative way of raising funds for the more established business. Mostly for expansion capital.

Equity

This is not as easy as the papers would have you know. Only 1% of business plans received by Venture Capital Funds are successful. However, a good business proposition consisting of a strong demand for the product or service, management track record and a sound financial plan will enhance the chance of success.

Business Angels
These are high net worth individuals who are successful businessmen looking for investment opportunities. They can provide both time expertise and money. Typical investment size is ?25,000 to ?250,000 but can go as high as ?2m for the right opportunity. Exit within 3-5 years.
Venture Capital
These are investment funds seeking high rates of return. However typically investments are over a million pounds. Some funds are targeted at lower amounts depending upon the sector and region. These funds are looking for exponential capital growth over 3-5 years.

Asset backed finance

This can cover machinery, sales invoices even sales orders. It can be a very flexible source of finance to the growing business

Leasing
This will cover your capital expenditure and spread the cost over a three to five year period. It is particularly useful if you do not have taxable profits to maximise your capital allowances.
Sale and leaseback of a property you own is another good source of funds.
Factoring
Factoring offers a sales ledger administration and debt collection service. Up to 95% of an approved sales invoice is paid within 48 hours, quicker if required. Credit protection is also available to protect against a bad debt. The Factor will own and place a first charge over the book debts and they might also take other charges, depending upon the strength of the financial information.
Invoice discounting
Invoice Discounting can be Confidential or Disclosed; it depends upon the strength of the financial information. The service is the same as Factoring, except that the sales ledger administration and the debt collection is the responsibility of the client and not the Factor. Pre payment of the approved sales invoice is still up to 95% and the factor will still have a first charge on the book debt and therefore own the debt. This service can also have credit protection cover. All sales invoices need to be for a business to business debt, and some proof of delivery is generally required.
Trade Finance
This is funding provided against stock purchases, signed contracts and orders whereby the funder will prepay a certain percentage of the value
Pension fund
It may be possible to use your pension funds for a loan back to the business

Business Relationship Funding

How Do You Manage the 'Unmeasurable'?
Have you ever noticed that some of the great stuff you want to show up in your business is not easily measured? It's easy to measure quantities, of money, production, sales calls, numbers of time the phone rings before it's answered... Because it's easier, businesses tend to default to measuring and managing only straightforwardly quantifiable things.Quantifiable stuff has to be measured in business, it's true. You'd be failing in your accountability to your bosses, your bankers and your shareholders if you didn't do it. And by and large most business leaders make a pretty good job of measuring the results these people wish to see.But these alone don't tell you that everything you want to happen is happening. What about teamwork, values, customer service, people's attitudes? Of course, if a thing is worth doing, the value will fall to the bottom line - eventually. However, bottom-line results take longer to show up - they are ‘lagging indicators' of business success. By the time you've missed your revenue target, it

ern Apprenticeships

New Deal for various grants.

Environment

BOC Foundation for the Environment: 25% to 50% of Project cost, typically ?20,000 to ?100,000
Clean up Fund: Emission reducing equipment up to 75% of cost
Community Chest Fund: Up to ?25,000 for projects near active SITA sites
High Impact Fund: ?150,000+ for larger projects near SITA sites

Assisted Areas

Regional assistance grants of between 10 and 35% for capital expenditure in less favoured areas of the UK.

Loans

Loans are an excellent source of finance if you have suitable security to borrow against or a reliable earnings stream. This needs to be planned and presented well to obtain funds.

Credit cards
Provides up to 56 days free credit if you play the game!
Overdraft
Banks are surprisingly supportive when presented with a well thought through plan and competent management.
Bank Loans
Lenders tend to look for a good business plan and security. Typically the loan is approved by a centralised back office function rather than the person you meet. Terms and rates depend upon the risk. Repayments can be very flexible to meet your specific needs.
Mortgages
These can include flexible repayment terms to meet your business needs. This can even be incorporated into your overdraft finance so that you have one flexible account for both personal/ business mortgages and overdraft
Small Firms Loan Guarantee Scheme
Up to two years trading: Up to ?100,000
Over two years trading: Up to ?250,000
However these are difficult to obtain and are a loan of last resort.
Export Guarantee Scheme
This is government backed insurance against appropriate export documentation.
Mezzanine
This is a halfway house between loan and equity. It can be an innovative way of raising funds for the more established business. Mostly for expansion capital.

Equity

Business Angels
These are high net worth individuals who are successful businessmen looking for investment opportunities. They can provide both time expertise and money. Typical investment size is ?25,000 to ?250,000 but can go as high as ?2m for the right opportunity. Exit within 3-5 years.
Venture Capital
These are investment funds seeking high rates of return. However typically investments are over a million pounds. Some funds are targeted at lower amounts depending upon the sector and region. These funds are looking for exponential capital growth over 3-5 years.

Asset backed finance

This can cover machinery, sales invoices even sales orders. It can be a very flexible source of finance to the growing business

Leasing
This will cover your capital expenditure and spread the cost over a three to five year period. It is particularly useful if you do not have taxable profits to maximise your capital allowances.
Sale and leaseback of a property you own is another good source of funds.
Factoring
Factoring offers a sales ledger administration and debt collection service. Up to 95% of an approved sales invoice is paid within 48 hours, quicker if required. Credit protection is also available to protect against a bad debt. The Factor will own and place a first charge over the book debts and they might also take other charges, depending upon the strength of the financial information.
Invoice discounting
Invoice Discounting can be Confidential or Disclosed; it depends upon the strength of the financial information. The service is the same as Factoring, except that the sales ledger administration and the debt collection is the responsibility of the client and not the Factor. Pre payment of the approved sales invoice is still up to 95% and the factor will still have a first charge on the book debt and therefore own the debt. This service can also have credit protection cover. All sales invoices need to be for a business to business debt, and some proof of delivery is generally required.
Trade Finance
This is funding provided against stock purchases, signed contracts and orders whereby the funder will prepay a certain percentage of the value
Pension fund
It may be possible to use your pension funds for a loan back to the business

Business Relationship Funding

Is There An Entrepreneur In You?
Entrepreneurship has been defined by many psychologists and researchers in different terms having more or less the same meaning. Richard Cantillon, an Irishman, first defined the term entrepreneur and its unique risk bearing character, for the first time in the 18th century. But it is Alan Jacobowitz, a professor of psychology, who developed a series of indicators to identify entrepreneurs.The Jacobwitz theory calls these indicators different stages of the entrepreneur:1. Early childhood exposure 2. Trouble in school 3. Problems with work 4. Desire to risk 5. Business independenceThese are characteristics which are often missed or overlooked by parents before they could flourish.The answer to whether there is an entrepreneur hiding within you depends on whether you are born with these characteristics. Researchers hold that entrepreneurs are born and not made. The United States Minority Business Development Agency has identified the character traits of men and women who have a streak

es depend upon the risk. Repayments can be very flexible to meet your specific needs.

Mortgages

These can include flexible repayment terms to meet your business needs. This can even be incorporated into your overdraft finance so that you have one flexible account for both personal/ business mortgages and overdraft

Small Firms Loan Guarantee Scheme

Up to two years trading: Up to ?100,000

Over two years trading: Up to ?250,000

However these are difficult to obtain and are a loan of last resort.

Export Guarantee Scheme

This is government backed insurance against appropriate export documentation.

Mezzanine

This is a halfway house between loan and equity. It can be an innovative way of raising funds for the more established business. Mostly for expansion capital.

Equity

Business Angels
These are high net worth individuals who are successful businessmen looking for investment opportunities. They can provide both time expertise and money. Typical investment size is ?25,000 to ?250,000 but can go as high as ?2m for the right opportunity. Exit within 3-5 years.
Venture Capital
These are investment funds seeking high rates of return. However typically investments are over a million pounds. Some funds are targeted at lower amounts depending upon the sector and region. These funds are looking for exponential capital growth over 3-5 years.

Asset backed finance

This can cover machinery, sales invoices even sales orders. It can be a very flexible source of finance to the growing business

Leasing
This will cover your capital expenditure and spread the cost over a three to five year period. It is particularly useful if you do not have taxable profits to maximise your capital allowances.
Sale and leaseback of a property you own is another good source of funds.
Factoring
Factoring offers a sales ledger administration and debt collection service. Up to 95% of an approved sales invoice is paid within 48 hours, quicker if required. Credit protection is also available to protect against a bad debt. The Factor will own and place a first charge over the book debts and they might also take other charges, depending upon the strength of the financial information.
Invoice discounting
Invoice Discounting can be Confidential or Disclosed; it depends upon the strength of the financial information. The service is the same as Factoring, except that the sales ledger administration and the debt collection is the responsibility of the client and not the Factor. Pre payment of the approved sales invoice is still up to 95% and the factor will still have a first charge on the book debt and therefore own the debt. This service can also have credit protection cover. All sales invoices need to be for a business to business debt, and some proof of delivery is generally required.
Trade Finance
This is funding provided against stock purchases, signed contracts and orders whereby the funder will prepay a certain percentage of the value
Pension fund
It may be possible to use your pension funds for a loan back to the business

Business Relationship Funding

The Five Most Common - And Most Avoidable - Resume Errors
Writing an effective r?sum? can certainly be challenging. There are numerous rules and none of them apply 100% of the time. It is often much easier for people to craft their document if they understand the boundaries within which they will need to operate 100% of the time - the mistakes that should never be made and will brand a job-seeker as unprofessional. Eliminating all of these errors from your r?sum? will go a long way in improving your chances of securing an interview.1. "Responsible for..."The Problem:This is one of the most common, and most amateurish, r?sum? errors. There is no greater example of weak, passive writing than the overused "responsible for."There are two base reasons why this phrase is to be avoided. The first is that it is already understood that the information included in your r?sum? are activities that you were responsible for; this is the equivalent of writing "we cook..." before an item listed in a restaurant menu.The second reason is what I alluded to above: "r

re successful businessmen looking for investment opportunities. They can provide both time expertise and money. Typical investment size is ?25,000 to ?250,000 but can go as high as ?2m for the right opportunity. Exit within 3-5 years.

Venture Capital

These are investment funds seeking high rates of return. However typically investments are over a million pounds. Some funds are targeted at lower amounts depending upon the sector and region. These funds are looking for exponential capital growth over 3-5 years.

Asset backed finance

This can cover machinery, sales invoices even sales orders. It can be a very flexible source of finance to the growing business

Leasing
This will cover your capital expenditure and spread the cost over a three to five year period. It is particularly useful if you do not have taxable profits to maximise your capital allowances.
Sale and leaseback of a property you own is another good source of funds.
Factoring
Factoring offers a sales ledger administration and debt collection service. Up to 95% of an approved sales invoice is paid within 48 hours, quicker if required. Credit protection is also available to protect against a bad debt. The Factor will own and place a first charge over the book debts and they might also take other charges, depending upon the strength of the financial information.
Invoice discounting
Invoice Discounting can be Confidential or Disclosed; it depends upon the strength of the financial information. The service is the same as Factoring, except that the sales ledger administration and the debt collection is the responsibility of the client and not the Factor. Pre payment of the approved sales invoice is still up to 95% and the factor will still have a first charge on the book debt and therefore own the debt. This service can also have credit protection cover. All sales invoices need to be for a business to business debt, and some proof of delivery is generally required.
Trade Finance
This is funding provided against stock purchases, signed contracts and orders whereby the funder will prepay a certain percentage of the value
Pension fund
It may be possible to use your pension funds for a loan back to the business

Business Relationship Funding

Host a Fundraiser and Gain Exposure for Your Business
No matter what type of business you are in, getting involved in the community through fundraising, is invaluable for getting exposure for your company.There are a number of ways to be involved in fundraising for your community. Here are a few examples: Offer time, products or services to be used in a Silent Auction. Advertise your business and what you donated in the local paper or the Silent Auction promotion. Donate a percentage of your sales on an item or items to raise funds for a worthy cause in your community. Keep customers informed about how much you have raised and how the funds are being used by that organization. Start your own fundraising campaign for a need in your community. Maybe it is backpacks for children in the fall, Christmas meals or presents during the holidays, etc...Unsure of where to start? What are you passionate about? Health, children, or safety of residents? Take a little time so you can be involved in something that is meaningful and you will be more credible.Once you hav

first charge over the book debts and they might also take other charges, depending upon the strength of the financial information.

Invoice discounting

Trade Finance

This is funding provided against stock purchases, signed contracts and orders whereby the funder will prepay a certain percentage of the value

Pension fund

It may be possible to use your pension funds for a loan back to the business

Business Relationship Funding

Joint Ventures: Requires a legal agreement embodying the deal and another company
Partnerships: Two companies collaborate with possible funding.
Joint working relationships: These are an informal partnership which may be more project specific where the parties can share resources.
Agencies: These can be geographical or product specific and generally incorporates a payment for the right to the agency.
Distributors: Very like an agency but may not necessarily involve up front payment.
Alliances: These do not require a separate company and can be embodied by a legal agreement to work together.
Trade investors: Otherwise known as Corporate Partnering. This can be a good way to involve a much larger company in the business with a view to possible trade sale further down the line.
Associates: This can be a loose arrangement with no fundamental commitments either way, rather like a preferred supplier.
Equity Swop: Two companies exchange shares to a similar value to develop both businesses.
Franchises: This can allow the business to grow without further direct investment.
Licensing: This involves licensing a product or service to enable others to sell it. This requires you to own the intellectual property.

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Many people desire to move on in their career, tired of going from job to job seeing no advancement, but they do not know how to gain the skills they need to move on. Climbing the career ladder may mean getting career training in order to advance your career and move into management or into a completely new career. Yet knowing what type of career training and where to find good career training can help you on your desire to move on in your career.

Heroic customer service flies high above the ho-hum service we run into everyday. Super hero service brings customers bounding back and adds great value to the success of any business.

The old adage goes if you can't measure it, you can't manage it. Measurable results are the bottom line for any business. Learn if you measuring what you need to manage.

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