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I Advice - How To Have a Perfect Meeting (Avoiding Dreary, Directionless Meetings Go On Forever)
Can't Get Venture Capital Financing? Look at These Alternative Options
Many business owners try to finance their growing businesses by going to venture capital or angel funding groups. Although both financing options provide a great way to finance a business, they are usually hard to qualify for. And furthermore, they all require that you give up some business equity in exchange for funds. That, needless to say, can be a very steep price to pay.There are some business financing alternatives that can allow you to finance your business, almost as effectively, without having to give up any equity. As opposed to venture funding or angel funding, these options are easy to qualify for and do not require the endless documentation and due diligence that venture money requires..However, these can only help you if you meet the following criteria: 1. Your business is established and has commercial (not consumer) clients 2. Your business invoic
sMany business owners try to finance their growing businesses by going to venture capital or angel funding groups. Although both financing options provide a great way to finance a business, they are usually hard to qualify for. And furthermore, they all require that you give up some business equity in exchange for funds. That, needless to say, can be a very steep price to pay.There are some business financing alternatives that can allow you to finance your business, almost as effectively, without having to give up any equity. As opposed to venture funding or angel funding, these options are easy to qualify for and do not require the endless documentation and due diligence that venture money requires..However, these can only help you if you meet the following criteria: 1. Your business is established and has commercial (not consumer) clients 2. Your business invoic
Business Golf: The Questions Business People Should Ask Themselves
Why do you believe in what you believe?I am not talking about your Religious beliefs. I am talking about the belief people have in something that will work, or not work.Let’s take business practices you believe are successfully to doing business. Or, the procedures you take in doing business because you believe it will work.Granted, there are some really sound business practices business people should follow that are more than a belief and are more proven to work, or not.But, there are some proven business practices that could be improved.Let me ask you a question EVERY business person should ask themselves when it comes time to improve your business’ bottomline.What is the one thing you do that is successful in doing business?Usually the answer will consist of several things you do to secure business because you believe you need these s
Many busiWhy do you believe in what you believe?I am not talking about your Religious beliefs. I am talking about the belief people have in something that will work, or not work.Let’s take business practices you believe are successfully to doing business. Or, the procedures you take in doing business because you believe it will work.Granted, there are some really sound business practices business people should follow that are more than a belief and are more proven to work, or not.But, there are some proven business practices that could be improved.Let me ask you a question EVERY business person should ask themselves when it comes time to improve your business’ bottomline.What is the one thing you do that is successful in doing business?Usually the answer will consist of several things you do to secure business because you believe you need these s
What Really Happened in the Subprime Mortgage Market
There is a lot being written about these days regarding the "fall-out" in the mortgage industry, specifically in the subprime arena.Quite a bit of commentary as to the effects and affects of the related markets. I think that the answer to the question "What happened?" is a lot more simple than analysis of various economic indicators. Greed is what happened. That is the one word answer to which everything ultimately boils down. However, I know that I need to qualify that broad brush stroke with some evidence and specifics.I am sure that one could argue that there are a number of facets involved in the so-called, collapse of the subprime market. As a brief aside, the subprime market has not in any way collapsed. However, there are several companies within the subprime arena that have indeed collapsed. At any rate, I think Paretto's Principle applies here as it so often do
any busThere is a lot being written about these days regarding the "fall-out" in the mortgage industry, specifically in the subprime arena.Quite a bit of commentary as to the effects and affects of the related markets. I think that the answer to the question "What happened?" is a lot more simple than analysis of various economic indicators. Greed is what happened. That is the one word answer to which everything ultimately boils down. However, I know that I need to qualify that broad brush stroke with some evidence and specifics.I am sure that one could argue that there are a number of facets involved in the so-called, collapse of the subprime market. As a brief aside, the subprime market has not in any way collapsed. However, there are several companies within the subprime arena that have indeed collapsed. At any rate, I think Paretto's Principle applies here as it so often do
Advisory Services Fees In Franchising
Often in franchising companies a franchisor will spend 80 percent of their time helping 20 percent of their franchises. The allocation of the franchisor’s labor will be disproportionate and in effect on fair to the superstar performing franchise outlets in the franchising system. There are also times when a franchisee will have needs that our way beyond the call of duty and those requirements of the franchisor in the franchising agreement.It is for this reason, especially with our international franchises that I decided to add a clause into our franchise agreements, which protected our cash flow and time management all of our consultants, employees and staff. Below is a copy of the clause that I put into our franchising agreements;4.4 Advisory ServicesFranchisor may provide, as and to the extent required in Franchisor’s judgement, a continuing advisory service, wh
y busOften in franchising companies a franchisor will spend 80 percent of their time helping 20 percent of their franchises. The allocation of the franchisor’s labor will be disproportionate and in effect on fair to the superstar performing franchise outlets in the franchising system. There are also times when a franchisee will have needs that our way beyond the call of duty and those requirements of the franchisor in the franchising agreement.It is for this reason, especially with our international franchises that I decided to add a clause into our franchise agreements, which protected our cash flow and time management all of our consultants, employees and staff. Below is a copy of the clause that I put into our franchising agreements;4.4 Advisory ServicesFranchisor may provide, as and to the extent required in Franchisor’s judgement, a continuing advisory service, wh
Tracking Employee Turnover - An Insufficient Metric - and Some Alternatives
In our current climate of low unemployment, boomers leaving the job scene and the shift from labor-intensive to knowledge-intensive jobs, talent retention and hiring success based on job-fit practices has moved up on the corporate priorities list. How can we measure the effects of our current hiring and retention practices?In hiring a new employee, most of the direct costs are front-loaded, occurring before or in the first few days of employment. Most of the indirect costs are post-hire, adding up over time of training, acclimation and acculturation. At some point, usually long after the date of hire, the employee reaches the break-even point and begins to contribute to the company's profitability.Accurately measuring those costs is a difficult and time-consuming exercise but one that should become a priority for any enterprise interested in a strategic approach to HR. For
busIn our current climate of low unemployment, boomers leaving the job scene and the shift from labor-intensive to knowledge-intensive jobs, talent retention and hiring success based on job-fit practices has moved up on the corporate priorities list. How can we measure the effects of our current hiring and retention practices?In hiring a new employee, most of the direct costs are front-loaded, occurring before or in the first few days of employment. Most of the indirect costs are post-hire, adding up over time of training, acclimation and acculturation. At some point, usually long after the date of hire, the employee reaches the break-even point and begins to contribute to the company's profitability.Accurately measuring those costs is a difficult and time-consuming exercise but one that should become a priority for any enterprise interested in a strategic approach to HR. For
What Exactly Is Project Management?
Project management (PM) is a process comprised of people, systems, and techniques. The goal of PM is to ensure the successful completion of a project within a specified time frame and budget. There are five steps in the PM process: initiating, planning, executing, controlling, and closing. The project leader or manager coordinates the PM process and leads the project team.The value of PM can be realized with projects of all sizes, however the greatest impact will be felt with projects involving multiple parties, departments, and functions. The weakest link in the PM scheme is failure to identify a suitable project leader.Attributes of a good project leader. So what does it take to be a project leader? Of the greatest importance, the project leader must be a true leader. A project leader must assert his or her authority with fairness, compassion, and firmness. A
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Project management (PM) is a process comprised of people, systems, and techniques. The goal of PM is to ensure the successful completion of a project within a specified time frame and budget. There are five steps in the PM process: initiating, planning, executing, controlling, and closing. The project leader or manager coordinates the PM process and leads the project team.The value of PM can be realized with projects of all sizes, however the greatest impact will be felt with projects involving multiple parties, departments, and functions. The weakest link in the PM scheme is failure to identify a suitable project leader.Attributes of a good project leader. So what does it take to be a project leader? Of the greatest importance, the project leader must be a true leader. A project leader must assert his or her authority with fairness, compassion, and firmness. A
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