Casual Articles - Internet and Businesses Online

Joint Vision In A Partnership Company
When two businesses form a partnership, it is essential that both partner companies have a joint vision regarding the new company or the partnership will face numerous hurdles. It is essential that all issues are agreed and signed when the contract to form the partnership company is signed. It is essential that an unbiased and experienced attorney help both parties negotiate a deal to minimize the risks of incompatibility helping create a mutually beneficial relationship for all parties concerned.How to Create a Joint Vision in a Partnership Company:It is essential that the terms of the business relationship are clearly defined and explained to all the partners and outlined. The structural considerations, the capital infusion, the scope of the partnership, how to resolve disputes, how to exit from the partnership, and how to terminate the partnership have to be clearly discussed and agreed upon by all partners to help them proceed unhindered allowing them to develop an atmosphere conducive to creating a joint vision. It is necessary to agree upon common goals and give details on how each partner will do his duty to ensure that the firm shares a joint vision, motivating partners to do their best for the firm’s vision to realize.When things are clearly defined and established when the partnership is formed, it will help all partners understand their role in the partnership, realize that they will all benefit from working together successfully, and will help in implementing the joint vision without hassles or hurdles of any kind. If issues are not clearly defined and vague, there is a very big chance that partners may have different visions ensuring partnership venture. Some entities will have a tough time in achieving their target goals, as the target goals may not be the same for all the partners. It is thus necessary for all partners to clearly have good understanding and good communication with each other, with clearly established roles for all partner

reasons. The portable nature of the web hosting business will be a key force in the mergers and acquisition phase of the evolution. For example, let's look at the post acquisition integration aspects of the ISP, paging and cellular industries. The customers, systems equipment, and the sales staff have to remain in the market (MSA), but customer service calls and the accounting and management teams can be moved to the corporate office. Note, there will still be considerable investment in the selling company's market. This has been the case with many industry roll-up scenarios. One of the major criterions in a company's acquisition strategy is the geographic location it wishes to be in. For the most part, web hosting doesn't experience nearly as much of t

3 Reasons Your Website Might Fail To Attract Enough Customers
Virtually all website owners concentrate their efforts and energy into getting more visitors. With business owners this effort is spent on getting more and more new customers. What many people forget - with both their website and their business - is that getting new customers (or visitors) is only a small part of the equation for success. Reason For Failure No. 1 - The 'I am God'-Syndrome God got his name from being able to do anything and everything and be everywhere at once. Despite what we are taught from an early age many people still insist on believing they themselves are God. Ever found yourself answering the phone, making a sale, running a sales meeting, welcoming customers and doing your company's accounts all in one day? Sure you have. You're trying to be God and do everything and be in more than one place at one time. You will fail. People do this with their website too. Rather than just stopping at providing content (which is where you should stop and hand everything else over to the professionals) some people think that despite no professional training or education in the subject they are experts in web design, website marketing, graphic design and business consultancy. Remember - stick to what you know, leave everything else to the experts. Your job is to run your business - not to run around like a headless chicken trying to create a website, market a website, do the books, answer the phones and make the tea. Reason For Failure No. 2 - 'Build It And They Will Come' Ah yes. The halcyon days of the early 1990s when anything seemed possible and merely owning a domain name or funky web address meant certain success and riches beyond your wildest dreams. "Build it and they will come" is what they said. They were wrong. Disaster after high profile disaster came crashing down into a pile of dotcom carnage as the millions poured into the idea pit were consumed by fast-spending entrepre

The evolution of industries contains four basic stages: introduction, growth, mature and decline. There has been considerable research done on the subject, but rarely do we see written material specifically addressing the stages as they apply to a specific industry. I would like to briefly look at the web hosting industry, trying to identify the value drivers and how they change, the signs of change from one stage to another, and each stakeholder's interest and how their value changes from stage to stage. In addition, I will make several comparisons to industries in the telecommunications world, because of the similarities in the business model, value drivers and stages of evolution. Most telecommunications industries and the web hosting industry grow under the recurring revenue business model: "Sell it once and collect until it churns". The evolution of industries occurs at different rates for different reasons. Attempting to quantify the future change in each of the value drivers is the science. Why should we be concerned with the evolution of the industry we work in? The answer depends on which stakeholder group you are in: employees; equity owners (passive or active); debt holders (bank, bond or preferred); senior or middle management (different implications for each); family; communities; equipment supplier, service supplier, customers, or a government agency. The value to each of these stakeholders changes over time through the evolution. It is important to note some industries evolve from the creation of a new technology such as paging, cellular, PCS, Internet access and web hosting, while others evolve from deregulation such as long distance, power suppliers and the CLEC (competitive local exchange carrier).

There are fascinating aspects of the web hosting industry which will dictate its future. First is the up-sell potential. Web hosting is experiencing an incredible phenomenon, which is the recurring revenue per client per month is still increasing after the introductory stage for the higher end managed hosting. No one knows how many services and applications we can attach to a corporation's web site. So, we can alter the aforementioned quote to read, "Sell it once, up-sell it and collect until it churns". Sure, other industries up-sell their customers, but nothing like this. This is a major difference from other recurring revenue businesses, such as cellular and long distance where prices started high then immediately started their linear journey downward. As far as the effect of the up-selling aspect of managed web hosting services, if the average monthly price continues much longer, much more supply will come to the market and possibly increase the magnitude of the commodity effect later on.

The second fascinating aspect is the portable nature of a web hosting business. As we all know, the (rookie) end user has no idea where the web site is hosted, neither should he care as far as geographic location. He should, however, care what country the host's servers reside in for obvious reasons. The portable nature of the web hosting business will be a key force in the mergers and acquisition phase of the evolution. For example, let's look at the post acquisition integration aspects of the ISP, paging and cellular industries. The customers, systems equipment, and the sales staff have to remain in the market (MSA), but customer service calls and the accounting and management teams can be moved to the corporate office. Note, there will still be considerable investment in the selling company's market. This has been the case with many industry roll-up scenarios. One of the major criterions in a company's acquisition strategy is the geographic location it wishes to be in. For the most part, web hosting doesn't experience nearly as much of th

Franchise Security – Why You Must Have It and What You Must Do
Security is so important that it has to be addressed from the very first day you start planning your new franchise business. Over the years the franchise industry has developed security safeguards and operations that are highly effective and most franchisors now have as a matter of course well developed, tried and tested security procedures. There is now a very active Security Industry, which has grown up around this need for protection, and ranges from local, to large national and multi-national companies.The most common security issue you will face every day can be the most soul destroying of all, and that is; Internal Theft by Your Employees. Your franchise employees are 15 times more likely to steal from you than are your customers, so you need to thoroughly investigate the background of prospective employees for you franchise business. Check personal and credit references and most of all check with former employers, teachers, all referees and if possible the local police.It is a challenge but, Promote a Theft-Free Culture while maintaining a friendly fun working environment. Your written company policies should cover ethical behaviour, internal theft policy, what constitutes "internal theft" and provide this information in writing to each new employee of your franchise. Tell employees what will happen if anyone is caught stealing . . . not what can happen, but what will happen. These policies should be signed by all the franchiseses employees indicating that they understand and agree to abide by them. Never be complacent because in my experience the sad fact is that dishonest employees account for two-thirds or more of theft.On the administration side of your franchise business you also need to be vigilant. Examine all invoices or supporting data before signing checks. You should have the bookkeeper attach to the check, all related invoices. Dual signature of checks should be required unless signed by you

r the recurring revenue business model: "Sell it once and collect until it churns". The evolution of industries occurs at different rates for different reasons. Attempting to quantify the future change in each of the value drivers is the science. Why should we be concerned with the evolution of the industry we work in? The answer depends on which stakeholder group you are in: employees; equity owners (passive or active); debt holders (bank, bond or preferred); senior or middle management (different implications for each); family; communities; equipment supplier, service supplier, customers, or a government agency. The value to each of these stakeholders changes over time through the evolution. It is important to note some industries evolve from the creation of a new technology such as paging, cellular, PCS, Internet access and web hosting, while others evolve from deregulation such as long distance, power suppliers and the CLEC (competitive local exchange carrier).

Color Personalities: How Knowing Them Can Help You In Your Home Business
400 years before Christ was born, Hippocrates wrote about the 4 personality types. He called them: Feeler, Sensor, Thinker and Intuitive.Since then much has been written about this subject. There are advantages in knowing what kind of personality is yours and the ones you have to deal with on a daily basis.How beneficial is it for you in network marketing to know about what kind of personality type person you are talking to? It is essential in order for you to know how to handle the prospect.Here are the color personalities known today by many network marketers as: Yellows, Blues, Greens and Reds. Yellows and Greens make up 35% of the population each. Blues and Reds make up 15% of the population each.Let’s start with the Yellows. Yellows are open and indirect. Their motto is: Let’s be friends! Their occupation would be: Teacher, Nurse or Counselor… They are the sweetest people. They are the kind of people who pick up strays on the street and look for a home for them. If they can’t find one they’ll bring them home. Yellows like change, but not sudden change so you can’t push a yellow into your business. Give them room to think and act on their own time. They can use the money of course, but money is not their primary concern, so no need to show them the money. Show them a plan where they can build deep not wide since they will be concerned about people under them as much as themselves.What are the weaknesses of the Yellows? They are over sensitive, they take everything personally, they are followers, not goal oriented.What are the qualities of the Yellows? They are the best listeners; they are dependable, patient, supportive and nurturer.The Blues are open and direct. Their motto is: Let’s have fun! Their occupation would be: Sales, entertainment, Public Speaking… Lots of them are in network marketing. They are the most direct and creative people on the planet. They like to have fun in

tion of a new technology such as paging, cellular, PCS, Internet access and web hosting, while others evolve from deregulation such as long distance, power suppliers and the CLEC (competitive local exchange carrier).

Business Team Building and Employee Motivation: How Good is your Feedback
Often as I work with owners of small businesses, I find that an easy goal to achieve is the improvement their teamwork. At the base of motivating their team members, I find many business leaders make a common mistake when they think feedback is about behaviour correction rather than individual motivation.Feedback often and directlyVirtually no one thinks they get enough feedback, because virtually no one gives enough. So I would encourage you to give your feedback promptly while the event is fresh in everybody’s mind and any improvement lessons are clear to see.Be specific and in contextBefore you give feedback, I want you to provide a specific context to each of your comments: "I want to talk about the report you wrote yesterday."Then point to what went well and what did not for the individual or your team and I urge you to always describe actual behaviours.Then follow your point by expressing the impact of the event, to explain why it is important to you and how you felt about it.Have the right ratiosEveryone enjoys praise, so I insist that you point out the individual’s strengths first and give at least six positive comments for every negative one. Remember that you are giving feedback for the other person’s benefit and so your business will perform better.Even if a mistake has cost you money, avoid shouting and screaming because that will just demotivate your staff and encourage them to change employer. Rather you should reframe the event as a training investment where you and your employee can learn to do better next time.Then listen for their feedbackMake sure that you give your staff an agreed way forward particularly when they have taken critical feedback. I usually offer individuals the chance to reflect overnight and then to come back to me with their response at a later time and place.Try aski

their customers, but nothing like this. This is a major difference from other recurring revenue businesses, such as cellular and long distance where prices started high then immediately started their linear journey downward. As far as the effect of the up-selling aspect of managed web hosting services, if the average monthly price continues much longer, much more supply will come to the market and possibly increase the magnitude of the commodity effect later on.

Are You an Ebay Bargain Hunter? If So Read These Winning Strategies
Has this ever happened to you?You've been watching an auction like a hawk, and your excited that you are one of the only bidders. You know you can sell this product on and that it will make you good money.However, in the final half hour your auction gets swamped with bidders and you come to the sickening realisation that you have completely wasted your time.Well, you'll need to be a lot sharper than this when looking for a good deal. To be an effective Bargain Hunter, you'll need to take these tips on board:(1) Don't get Emotionally Attached to One AuctionI admit that I've been affected by this disease ...it's quite common since most of us are very competitive, and hate to lose. To get your bargain you should analyse the deal And make a quick decision on how much you are willing to pay.It is impossible to win every bid, and it is essential to bid on as many as you can to stack the odds in your favour. You can use bidding software that will bid for you automatically and at the date and time of your choosing.An effective Bargain Hunter spends most of his or her time finding good deals, and not getting emotionally Attached to a deal that could fall through.(2) Specialise in One Product Category ... Initially.This is essential.Why?Because if you specialise then you will know the products that you can buy for a steal and then sell on for a killing. For example, if you concentrate on Digital Equipment, you may another sub-category of products that is completely off the radar of your competition, and that you can pick up at great prices.Contrast this with a Bargain Hunter who jumps from one product category to another, never developing the depth of knowledge required to buy under valued products.Once, and only once you know a category like the back of your hand should you ...(3) Research Other Product Areas of InterestNow I know this may sound contradictory, but it isn't.

Value Drivers: First a quick note, due to the lack of time in this article, I will refrain from distinguishing between the hierarchies in the web hosting world: managed and shared. It should also be noted that both are viable strategies. A value driver is a measure used to track financial and operational variables in a business or an industry. The strength by which each value driver steers an industry varies from industry to industry.

1. Churn and Net Gains- Churn is simply the number of accounts that leave a company each month. It is a function of price elasticity, the level of customer service, the quality of the targeted customer base, the company's credit and collection policies, the number of competitors and their strengths, and the service/application offering. This number increases for all companies as an industry evolves through to the mature stage as the growth of the total market itself slows down. Net gains are achieved when the number of new accounts added for the month is greater than churn. This number turns negative in the decline stage (the paging industry). You can imagine the immense pressure that increasing churn and falling prices can have on increasing sales.

2. Average revenue per account per billing- This is a fascinating number, one that Wall Street is following quite closely because it speaks of the up-selling ability of the industry. Since this is a new industry, no one really knows how far this can go. Applications and services are being developed every day that will be added to web sites. The more advanced and specialized a managed hosting account, the less new capacity should affect prices and churn.

3. Revenue/EBITDA per sq. ft. of data center space- This addresses the efficiency of asset utilization. Presently, the data center build out mode in underway.

4. Market Size and Market Share- Market size is widely followed and certainly marks the different stages of the evolutionary cycle. When a telecommunications or technology industry slows to below 15-20 percent, most of the big returns have already been realized. It is usually past the maximum valuation of a private company. Regarding market share, the fight for this number can be the death of companies in the mature stage. How long will some companies sell services below cost to get it? In the paging industry, companies drove prices down below cost for so long, it left most of the public companies free cash flow negative for the entire life of the industry.

5. Expense Contributions- These numbers, measured in dollar amounts or as a percent, usually shrink as economies of scale are realized. These are great numbers to follow, especially as they pass the point of inflection.

6. Point of inflection- This is the point at which a revenue measure number is still increasing but at a decreasing rate or the converse, an expense contribution number is decreasing but at a decreasing rate. Depending upon the variable being charted, the point of inflection can occur at a

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Estimated Annual Costs to Business and Healthcare due to Stress and Absenteeism Canada: $15 Billion [source Stats Can] USA: $300 Billion [source New York Times] UK: 12 Billion Pounds [source UK Min of Health]

I’ve been searching the Internet for blogging sites for a fair while now and recently I came across a whole blogging community, which has grabbed my interest greatly. It’s called Joe User and it’s a ...

E-procurement is purchasing implemented through the Internet. It has an important role in achieving efficiency and effectiveness in business today. This results in a reduction in the intermediate costs and labor that are associated with conventional systems.

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