Monthly Archives: April 2017

Branches of Facilities Management

As a business, having a commercial property is very important but adding value to it makes it a more lucrative proposition. In order to maintain the utilities within a property there has to be a deliberate intention to seek the right resources that ensure all real estate assets are well maintained.

An integrated facilities management solution therefore comes in to ensure that clients receive the best possible management for their facilities. This service will go a long way in reducing the amount of redundancy and management related waste that is associated with poor management.

There are several categories of services involved in facilities management and outlined below are three of the main ones:

1. Estate management

This includes a wide range of services that generally focus on the general oversight of realty including the physical awards, equipment and environs. In many cases this will also include certain support services. Below is a list of some of the major activities involved in estate management:

  • Repairs and maintenance
  • Oversee utility services such as cleaning, waste disposal and landscaping
  • Tenant and service provider liaisons
  • Equipment maintenance
  • Inspections and quality checks
  • Security services

2. Office support management

Many serviced properties are equipped with offices for various purposes and there is a need to have qualified personnel to man these areas. Some of the office duties that require professional oversight include:

  • Front office management
  • Transport office management
  • Courier and mail services
  • Concierge services
  • Warehouse administration

3. Engineering Management

Mechanical equipment and maintenance are a big part of any real estate property and they have to be managed in a professional manner. Facilities management offers specific engineering management solutions to fit the needs of specific properties. Some of the areas of concentration are:

  • Operation and maintenance of mechanical equipment
  • Reactive and planned maintenance for onsite equipment
  • Management of energy equipment
  • Quality assurance
  • Assessment of possible risks
  • Health and Safety Procedures

The main basis of all these activities is to be able to increase the value of any facility through professional handling of service provision. This is in line with local and international standards.

All the services mentioned above take a reasonable amount of time and effort to deploy and maintain. This is the main reason why the facilities management is often an outsourced service and it is often pegged on professional execution even though sometimes they are seen as an unnecessary cost items.

Outsourcing the facilities management extremely leads to reduced waste due to proper maintenance and supervision.

Corporate Governance and Small Businesses

Let's start with some review of what types of companies primarily drive the US economy. We know that there are about 16,000 publicly traded companies represented on the NASDAQ, NYSE and the AMEX. The key economic driver in the US is the 27 million small businesses. The Small Business Administration 2008 Presidential Report on The Small Business Economy clearly communicated "the economy generated 1.1 million net new jobs in 2007. In the first quarter of 2007, 74 percent of the net new jobs were in small firms with fewer than 500 employees and 22 percent were in firms with fewer than 20 employees. " Yet, the gross amount of attention in the media and the federal bureaucracy is around what is happening in the markets. This is understandable with the volumes of dollars relocating in this public environment. The economic recovery program is not addressing the core of the economy, small businesses. More than ever the public market environment is being questioned about corporate governance. The new legislation being considered for public companies has sections that may very well trickle down and require the small businesses to exist to similar if not exact rules on Corporate Governance.

A simple definition of Corporate Governance for the small business:

Corporate governance simply refers to the set of internal policies, rules, and procedures that a company follows on a regular basis to ensure that it operates in a fair, equitable, and appropriate manner for the benefit of the company, its management and its shareholders. A corporation usually has a board of directors and a senior "C" level management team. Most small businesses do not have these organizational entities clearly defined and functional. For private companies that are registered as a corporation and have investors, the various states require these entities to have a governing board. Yet many small businesses incorporated for tax issues and do not necessarily pay attention to the concepts of corporate governance.

How does Corporate Governance apply to small businesses?

All businesses should look at their organizational structure and continuously assess what will allow the company to perform in an optimal way. The simplest way to implement this is to have an advisory board. The advisory board is non-paid individuals that have business or industry specific backgrounds that can contribute ideas or mentor management. In more formal and traditional cases a small corporation has a board of directors comprized of the founders, a spouse, an employee and maybe – just maybe an outside director. The focal point of corporate governance within small businesses is that all businesses need to set company strategic goals, provide the leadership to put them into effect, supervise the management of the business, and if the company has stockholders, report to the stockholders on their stewardship . For those small businesses that do not have the hierarchical structure in place to implement formal corporate governance plans, it is recommended that regular self assessment of the company will be the starting place for accounting, to enhance performance, grow the company and be a greater contributing Force in the economy. At the end of the day, if you follow some set of policies and procedures and are reporting your stewardship of the company to someone even if it is your dog, then you have accountability that is key to corporate governance practices.

Will the government impose its will and definition of Corporate Governance from the public markets into the small business environment?

This imposition of government from the public market companies to privately held companies is making its way through the halls of congress. One idea being tagged onto present legislation is to extend Sarbanes-Oxley down to privately held companies. Anyone that knows anything about SOX is aware of the high cost to implement the documentation processes and the reporting. Pushing this down to the small business environment would be cost prohibitive and stunt economic growth. The general politics of mandated corporate governance is to wait and see how new legislation will affect the small businesses driving the US economy.

As a final note, every company, no matter what size it is, will see the positive effects of implementing the principles of corporate governance. The facts remain that there are 27 million plus small businesses in the US who are the job creators and the drivers of the economy. The greatness of US business is that it performs the best when individuals come together in a free market environment to meet the needs of the economy and society. In the end, best practices of corporate governance can be freely implemented to benefit the company or corporate governance can be instituted by the government, which can cost more in resources, planning and profit. Take the time to assess how your small business views corporate governance and how this will enhance your growth in the market place.

Key Advantages and Disadvantages of Scientific Management

The Scientific Management theory is "the development of a science to replace the rule-of-thumb knowledge of the workmen." It is reflected in a financial statement analysis as labor costs, relating matters like the employees salaries, benefits, training and loans. Scientific knowledge is organized, systematized and approved knowledge; Knowledge with a reason for it. Frederick Winslow Taylor is the father of this theory, which was given birth during the later years of the nineteenth century. According to him, what the industry needs is efficiency instead of forbearing inefficiency. This was possible through the success of sciences-experiment, measurement and hope. Other names are Taylor's Principles or Taylorism.

How should it be followed by a company? The principle of Scientific Management's key advantages can be seen in Taylor's four principles on revolutionizing labor advances, which are in financial ratio analysis covering more of costs in running a company. During the dialogue he conduced to the New England Railroad Club back in 1977, he said that: firstly, it should progress the current system used by workers; Secondly, the employees scientific selection, training and development should be done carefully as horse specialists study their horses; Thirdly, management must incorporate the science of tasks with the previously selected employees, in order to direct these men to perform work in accordance with the laws of the science; And lastly, the company should have an equivalent number of managers versus workers.

Going further, the disadvantages of the Scientific Management theory being applied to a company operation are the misuse and abuse of information by management. According to Deming, WE, in running a business, the proprietor should maximize profits without retrenchment of the human workforce. Together with Taylor, they think that if the theory is to be properly followed, there would be enhanced productivity in terms of efficiency and quality. Taylor saw the place his argument during his foreman years at Midvale Steel Company, "I realized that I had not more than one tenth of the knowledge of the men, and we set out delicately to find out, that is, to make some kind of An accurate study which would give the foremen of that shop a knowledge somewhat commensurate with the knowledge of the men ".

He, also, said that economic competition in itself would not generate organizational efficiency and thus, leading to inefficiency if the business still fails to organized and orchestrated scientifically. Scientific methods were brought about through patterns followed from sciences-experiment, measurement and generalization. During this process, his studies were goaled on unearthing the principles of the management law. More importantly, this should be unbiased and comprehensible.

On a modernist activist opinion, if the company initiated a Scientific Management, it pledges, as part of financial analysis, cost effectiveness and waste diminishes as well as elevated regulation and standardization on its process. They also said that production and human resources will be hindered on efficiencies if there are organizational conflicts, disarray, excessive surpluses and idling. The management's failures will not also escape this indictment. Their work yielding may also be encumbered by being ilogical, insatiable and unwieldiness. A scheme was suggested by modernists in solution to these and they call it the "mental revolution." It was then deemed that the traditional modes of thought, such as "intellectual intellectual activity" and "academic design," set barricades on the rationalization and social liberation.

25 Examples of Finance Key Performance Indicators (KPI s) for Small Business

Key Performance Indicators (KPI s) help businesses of all sizes from a small business or SME to a much larger company or organization define and measure progress toward business goals.

KPI s are quantifiable measurements, agreed at the outset, that reflect the critical success factors of a business or organization. They will differ from business to business.

KPI s are a critical tool in helping to ensure a business is focused on achieving its desired goals.

There are many examples of KPI s but it is important to recognize that they will vary from business to business and will depend on the specific objectives of a business at a given point.

Finance related examples of KPI s may include any of the following 25 examples of KPI s which is not an exhaustive list:

  • Accounts Receivable Collection Period
  • Cash Flow Return on Investments (CFROI)
  • Cost Income Ratio
  • Cost per payslip issued
  • Creditor days
  • Cycle time to process payroll
  • Cycle time to resolve an invoice error
  • Debtor days
  • Direct costs
  • EBIT
  • Fixed costs
  • Gearing
  • Invoicing processing costs
  • Number of invoices outstanding
  • Number of overdue invoices
  • Percentage of bad debts against invoiced revenue
  • Percentage of financial reports issued on time
  • Percentage of invoices disputed
  • Percentage of invoices under query
  • Profit per customer
  • Profit per employee (FTE)
  • Profit per product
  • Profit per project
  • Return on capital employed (ROCE)
  • Return on Equity (ROE)

There are literally hundreds of KPI s that may or may not be applicable to your enterprise. The key is to identify the ones that a critical to the success of your enterprise.

KPI s are a very valuable performance management tool for sole traders and SMEs through to larger companies and international organizations. Sadly, the need for the use of KPI s is not as understood as it should be in SMEs so there are not used as often as they should be.

Small business or SME owners need not be afraid to embrace the use of Key Performance Indicators as there are a number of business to business consultant resources that are there to help a SME develop and identify a dashboard of the most relevant KPIs for their operations so that There is a true understanding of what drives the underlying profit performance which before increases the likelihood that an owner will be successful in meeting the stated goals and objectives for that enterprise. Knowledge is power as they say and monitoring KPI s provides that vital knowledge.

Child Care Center Business Plan Template

If you are planning on seeking funding or investors for your daycare startup then a solid child care center business plan will be essential for providing the feasibility of your idea to them. There are also some other compelling reasons why you should take the time to prepare this important blueprint for business success. If you are going into business with a partner, a business plan will allow both of you to make sure that you are thinking along the same lines. And even if you are going it alone and have nobody to impress, a plan offers you a way of getting all your thoughts and research down on paper in one structured report.

A business plan allows you to see if your child care center is viable and helps you to set goals and benchmarks that you can later measure your progress against. Below we offer a child care center business plan template. The ideal way to put together a plan is to look at a few that has been done for other child care centers and then make adjustments to suit your unique situation. It can be an intensive report or something brief that fits onto one page.

What to Include in a Business Plan for a Child Care Center

1) Executive Summary

This is a summary of your daycare business plan and it should be written after the plan is complete. Detail the contents of your plan and declare some of the agreements that you have made.

2) Company Mission

Put money aside for a minute and write a little about how you want to fit in with and impact your community in a positive way. Write about the importance of child care in society and your personal philosophies on early childhood development and daycare. What kind of image do your want to project?

3) Table of Contents and Introduction

Introduce the reader to your business plan and let them know what kind of daycare you have in mind. What is the basic concept? What services will you offer? What age groups will you care for?

Set out a contents page so that readers can easily navigate their way through the report.

4) Background

You should include some background on the child care industry to help readers to better understand the present state of the industry and how your business will fit into it. Personal backgrounds of yourself and other key players should also be included to let readers know who you are and what led you to the conclusion that you want to enter this industry. What skills, experience or attributes do you have that make you particularly well suited to setting up and managing a child care center? Attach any supporting documents such as your resume to the business plan as an appendix.

5) Objectives

Summarize your financial goals as well as any expansion plans that you have for the daycare over your first two or three years in business.

6) Startup Requirements and Financing

List out all anticipated startup costs and other hurdles that must be exceed before you open your doors to families. How do you propose to finance the new business?

7) Business Structure and Legal Considerations

Will the child care center be a sole proprietorship, a partnership or a corporation? Include details on the daycare licensing process for the state in question as well as other local regulations that must be complied with such as zoning and building safety requirements. What insurance policies will be necessary to protect the business and its owners from property damage or liability claims?

8. Organization

How will your daycare be managed? Your daycare business plan should include information on the ownership structure (if there are other owners involved). Set out a plan for taking on and managing staff including hiring practices, necessary qualifications, wages and other policies. Outline job descriptions for each position and set out a clear hierarchy showing which managers are responsible for which employees.

9) Market Analysis

A good business plan will usually have an analysis of the local market. This is where you can present the findings of any market research that you have undertaken. Your market analysis should include information gained from surveys with prospective daycare clients in the area to find out more about them and about what they are looking for in a daycare service. You can include demographic data about your local market here and attempt to establish some typical customer profiles. Discuss your suggested location and why you think its location is strategically significant.

Look at a variety of niches within daycare such as infant care or after school care and decide on the niches that you will go after with your set up and your marketing. Give details on all local competitors and suggest ways that your daycare could offer unique services that differentiate it from these other market players. Look at their strengths and weaknesses and try to come up with the ideal service for your market that is an improvement on the services that are already available.

10) Marketing Plan

Put forward a marketing plan for gaining new customers. Outline a branding strategy, a pricing strategy and how you will consistently promote your daycare to local families. Try to identify fairly what advertising and marketing methods you would use to get leads and what sales approach you would use to turn prospective families into new clients. Write an online marketing plan discussing a proposed website for the child care center as well as a strategy for bringing targeted traffic to the site.

11) Financial Plan

Lastly, you should include some detailed financial forecasting. Estimate revenues and expenses over a period of two years and set these out in a spreadheet. Profit or loss can then be projected based on these estimates. Put forward several different scenarios where for example costs are higher than expected or income is slower than expected. Identify the break even point or the point that the business becomes profitable.

A good child care business plan template along the lines of the one that we have outlined above will give you a clear direction of where you want to go, will help you to measure progress along the way and absolutely will help you reach your personal and Financial goals.

Tips To Succeed In A Network Marketing Business

I was thinking of making the title "How To Succeed In Business" because these tips could be applied to any business and not just in network marketing (or MLM). Business is business right? I am going to write and see if maybe I come up with something unique to network marketing … if I do maybe I will rewrite a little … but in the mean time …

Have Your Own Brand

The first step to succeeding in business is to have your own brand. If you are Joe, the XYZ distributor, you are promoting the XYZ company. Create your own brand … possibly Joe Smith, Network Marketing Coach, or Joe Smith Company; Something to differentiate yourself from all the other distributors in your company.

Add Value

If you are just "You can buy from me too", you are adding no value. You must add some sort of value. For instance, a while back we made great looking baskets and sold them as a product. By reorganizing the product the way we did, we added value to the product.

If you do home delivery, write books, consult with other network marketers; You are adding value. Sometimes extras that you could charge for. The extras are definitely what customers want, otherwise they will just go for the lowest cost product the closest to home.

Have Your Own Product

In network marketing, we typically represent a company and its products but … we could potentially have our own product, such as a recipe book that features our products (for instance). We have our own "Attraction Marketing" or "Black Box Recruiting" site, which is a service that is free, but it counts as a product itself. You could also consider our blog a product. Brainstorm to see what kinds of products you could offer to your customers or to others who might join your business.

Consider Your Image

Image is very important in business. Having your own business name. Positioning yourself as an expert. Being absolutely an expert in something is even better. Having a resume that people want to be associated with. Not necessarily a Word resume, but accomplishes that you can point to. If you do not have accomplishments that would relate, you can build lists of accomplishments over time.

Avoid negative things that could tarnish your image. Treat your customers right. Do not do illegal or unethical things. Be prepared for challenges and consider your options carefully.

Make The Numbers Important

While all of the above are foundations of a good business, the numbers are your measurement of success. Most importantly profit. Profit is your businesses revenue (income) less expenses. Without profit … at some point … no business can survive.

Cash flow is also an important measurement. While sales is great (or decisions), keeping cash in your business is life or death. Often we sell on credit, ie we invoice someone, and if they take too long to pay that can be extremely stressful. If we run out of money, we are out of business.

We can improve cash flow by selling at a certain margin. Margin is the price sold less cost, divided by price sold … usually provided in percentage form. For example, an item that costs $ 10 sold at $ 15 has a 50% margin. Many items are bought, or manufactured, at a very low cost and sold at a margin of 100% or more. The higher the margin, the better. Especially when you get to the point of having to cover a slow paying customer.

For instance, you sell to a customer for $ 10,000 monthly at 100% margin. That means your cost is $ 5,000. If they pay in 30 days, once they have paid the first time you have two month's worth of cost covered. So your business survives for two months before you need more cash (for example purposes only because we are not considering other expenses). If your margin is lower, you have more risk of running into cash flow issues; If higher, you have less risk. Your optimal margin is something that is different business to business.

Now if you are only alert agreements, margin does not mean much, you just need to keep your responsibilities well above your business expenses.

If you are using an accounting package like QuickBooks, you will want to keep an eye on your profit / loss statement and your cash flow statement.

Care of Wild Baby Mice

If for some reason wild baby mice have been placed in your care, I have included a few tips on caring and feeding to help you give them a chance at life. Please be aware that even in the wild, mice have a 50% chance of surviving beyond 5 months of age, given a normal upbringing. The mice that do make it can live up to around 5 years if healthy. A pair will have a better chance of survival than a lone mouse.

As soon as you have your baby mice, it is important to keep them safe and warm. You can use a small pet carrier, large plastic tub or any other suitable box in which you can put them. Layer the bottom with a towel and place the mice on top. Then, use another soft material to lightly cover the mice like fleece. Place the box in a warm place, ensuring that it is not hot; Otherwise the mice will become dehydrated. A heater on the lowest setting may be all that is needed. Test the towel the mice are laying on so that it feels cozy and warm to your hand.

If the baby mice are less than 14 days old they will need dropper fed with a milk substitute until they are weaned. They usually open their eyes when they are just about weaned and able to eat by themselves. You will need to feed them every 2 hours so be prepared to get up during the night. Set your alarm. When I was looking after wild mice, I was getting up every 2 hours to check them. I have since read that during the night mother mouse would be away looking for food and may only return to the nest once to feed her babies. Use common sense, if you can manage a few night feeds, all the best for the babies chance of survival, especially in the early days.

Kitten milk is available to buy at pet shops. I used raw coconut blended up and strained. It should be 1 cup coconut to about 2 and c cups water. You could also use soaked almonds to make an almond milk using the same ratios. Make sure the nuts are natural and plain. Once you've made up the milk, store in a sterilized glass jar and keep in the fridge until required. When you go to feed the mice, take a quarter a cup of the milk and warm it up by pouring it in a small jug and standing in hot water. Use a dropper or baby syringe (you can get these at the chemist) to feed 1 or 2 drops of the milk at a time into the baby mouse mouth. When the mice are really young, they might not open their mouth. Be careful not to get the milk up their noses, they will splutter / cough if you do. It can be dangerous for their health if you do. The way I fed the mice was to put a facecloth down on a table and to put one mouse at a time onto it. Then you can gently hold the baby's head while you manage the milk with the dropper. You'll get the hang of it with a bit of practice. The baby might not seem to be taking much milk, do not worry. Very young babies may only need to get a drop or 2 on their mouth / tongues until they can take more. The main purpose here is to keep them hydrated with a little drop at a time every couple of hours.

Once the baby is fed, you need to stimulate a bowel movement. To do this, put some warm water in a small bowl and dip a cotton bud into it. Then, put the cotton bud between the baby's back legs and gently turn the bud around. You should see a little brown staining, that is their poo. Dip the other end of the bud into the water and gently stroke the baby's body, this emulates the mother licking them. After all, tuck baby up in it's soft bedding and place in a warm spot. This is the basic routine that needs to be repeated every couple of hours during the day and at least 2-3 times during the night, especially around 1am and 5am.

As you can see, it's quite a commitment, looking after baby wild mice. But, there is also a great reward in the caring of them and the bonding you will feel as a carer.

When the babies start to open their eyes or at least take a peak, they may be taking a lot more milk and starting to walk around a little. This is when you need to be extra careful; One fall is enough to be fatal. You can make a little safe roaming area in the bottom part of a pet cage or shoebox / basin. Line it with newspaper and leaves to simulate a natural environment. The youngsters will enjoy stretching their legs and taking their first steps. This is important, as it will build up their muscles and strength.

Once the babies start to bite your fingers quite firmly when you feed them, they may be ready for a little solid food. They will also be starting to open their eyes (12-14 days old) Start very slowly with this. Try some baby fruit puree to start or natural rice pudding. The food should not be chilled. Let them lick it off your finger. Avoid putting the purees onto a dish for the mice to feed from, as they might get messy and end up with matted fur, which needs to be avoided. Some other foods to graduate to are porridge, banana, tomato, dried oat flakes, strawberry. Just go real easy with the food and keep it simple and easily digested to start with. Congratulations! You've actually made it to the weaning stage, which is quite something with wild baby mice.

Continue to provide a safe space for the mice to sleep and once weaned, they will be able to come out at night to feed. Give them a little dish near their bed so they can feed during the night. At least you can get some sleep now! Continue to offer the milk during the day and provide some water for them. Usually, wild mice will still have some mothers milk up to about 4 weeks of age.

Now you have to decide whether to keep them or release into the wild. I do not know how many mice have been successfully hand-reared and released into the wild. I would think it unknowingly that they can survive. However, you've done your bit and if they seem strong and healthy and quite active, it might be possible to release them. Or, you can keep them as pets.

Finally, if you did your best and the mice died, do not feel bad. Survival opportunities in the best of conditions ie with their natural mother are still low. Just enjoy the experience you've had with them and the opportunity to get a glimpse into their little lives. They are little bundles of love and it is wonderful to have at least given them some love when otherwise they might have perished.

Importance of Ethics in Business

Ethics is important not only in business but in all aspects of life because it is the vital part and the foundation on which the society is build. A business / society that lacks ethical principles is bound to fail sooner or later. According to International Ethical Business Registry, "there has been a dramatic increase in the ethical expectation of businesses and professionals over the past 10 years." Increasingly, customers, clients and employees are deliberatively seeking out those who define the basic ground, rules of their operations On a day today …. "

Ethics refers to a code of conduct that guides an individual in dealing with others. Business Ethics is a form of the art of applied ethics that examines ethical principles and moral or ethical problems that can arise in business environment. It deals with issues relating to moral and ethical rights, duties and corporate governance between a company and its shareholders, employees, customers, media, government, suppliers and dealers. Henry Ford said, "Business that makes nothing but money is a poor kind of business."

Ethics is related to all disciplines of management like accounting information, human resource management, sales and marketing, production, intellectual property knowledge and skill, international business and economic system. As said by Joe Paterno once that success without honor is an unseasoned dish. It will satisfy your hunger, but will not taste good. In business world the organization's culture sets standards for determining the difference between good or bad, right or wrong, fair or unfair.

"It is perfectly possible to make a decent living without compromising the integrity of the company or the individual, written business executive R. Holland," Quite apart from the issues of rightness and wrongness, the fact is that ethical behavior in business serves the individual And the enterprise much better in long run. ", He added.

Some management guru stressed that ethical companies have an advantage over their competitors. Said Cohen and Greenfield, "Consumers are used to buying products since how they feel about the company that sells them. But a valued company earned a kind of customer loyalty most corporations only dream of because it appeals to its customers more than a product."

The ethical issues in business have become more complicated because of the global and diverse nature of many large corporation and because of the complexity of economic, social, global, natural, political, legal and government regulations and environment, since the company must decide wherever to Adhere to constant ethical principals or to adjust to domestic standards and culture.

Managers have to remember that leading by example is the first step in fostering a culture of ethical behavior in the companies as rightly said by Robert Noyce, "If ethics are poor at the top, that behavior is copied down through the organization", however the Other methods can be creating a common interest by favorable corporate culture, setting high standards, norms, framing attitudes for acceptable behavior, making written code of ethics implicable at all levels from top to bottom, deciding the policies for recruiting, selecting, training, induction , Promotion, monetary / non-monetary motivation, remuneration and retention of employees. "Price is what you pay. Value is what you get" – Warren Buffet

Thus, a manager should treat his employees, customers, shareholders, government, media and society in an honest and fair way by knowing the difference between right or wrong and choosing what is right, this is the foundation of ethical decision making. REMEMBER: GOOD ETHICS IS GOOD BUSINESS. "Non-corporation with the evil is as much a duty as is co-operation with good" – Mahatma Gandhi.

Preparing a Business Plan – 4 Important Factors to Consider

A business plan is a written outline about a whole new project that offers to deliver something new or unique in addition to keeping in mind the economic and practical feasibility of that project.

Having said that these plans about a project should be feasible in all aspects, preparing it would take a lot of accurate calculations. So, here are some of the important things to be taken care of while preparing a business plan.

The readers should understand that it is a decision-making tool. So, everything should be accurate, to the point and absolutely possible. For example, the objective of the project should be clearly stated and the all aspects in the particular plan should be working towards achieving the object. It should not deviate even one bit. The presentation of the plan should be clearly understandable.

When you prepare a business plan, it is very important that you do not look it from your own perspective. It is the global market that you are going to concentrate when you present a plan. So, try to bring in facts, details and calculations about the competitor in the same field and how your plan is better than the competitor.

The main aim of your plan is to get someone to support your new venture. If you are clear about the competitor and the market, it is invariably true that you will impress the audience.

Another important thing to keep in mind while preparing a business plan is to never make assumptions or to give baseless calculations. The people analyzing your plan are highly qualified and aware of every tiny bit of information you give during your plan presentation.

Today's Business Solution – Mobile Phones

Mobile phones have turn into a vital feature of our busy life; One almost notes incomplete devoid of a handset at present. The newest trend in the ground of communication, mobile phones has grown to be the most necessary means of communication.

Such multimedia phones let you benefit from all the comfort zones in a solo gadget. Additional to the instant access they bestow us; Handsets can be fundamental, expedient and cost-effective for populace who would like to hang on connected all the time. With cellular telephony becoming inevitability, manufacturers are launching all kinds of most modern high-tech handset with never before seen features full to capacity in remarkably slim and fashionable devices, putting the planet in your pocket.

Whether you are looking for basic mobiles or advanced multimedia devices, you will find a phone for yourself. These single devices execute a range of functions, eliminating the need for carrying diversity stand alone tools. Your mobile is now your music system, gaming device, digital camera, notebook and many more. Such multimedia Mobile Phones supply to the requirement of each and every class of natives. Grab your special moments with the high resolution mega-pixel camera and distribute them with friends via continuing Bluetooth wireless tools, with the MP3 player, play your preferred tracks with splendid sound quality.

Coming up with wonderful designs, colors, styles and functions, these hot handsets are built-in with high-end features such as video calling, high pixel-resolution cameras, MP3 music player, web browsing potential and Bluetooth connectivity. The latest phones make certain that you get wonderful multimedia features. These exclusive devices permit you to get pleasure from amusement, capture and share pictures and videos, access information, at anytime and anywhere you warn for.

Now you have a handset with features ranging from camera, music, web browsing, games, to your business solutions. So if you are looking onward to purchase the latest mobile in the marketplace, just keep an eye on the online mobile phone market to keep yourself well-run with the newest handset releases. Choose a mobile phone deal like contract mobile phones, Cheap Phones, etc. And acquire the most up-to-date technology in your hand.