Monthly Archives: June 2017

Why Small Business Needs Accounting

Why Small Business Needs Accounting

According to the NY Times, one of the ten reasons small businesses fail is due to improper or lack of accounting. Corporations spend a significant amount of money and hire accountants to report on the status of the company and maintain day to day operations. Yet, many small businesses end up failing to maintain proper accounting.

Accounting Helps with Operating Your Business
Proper Accounting helps pay employees and vendors; helps with customer invoicing, helps post payments; tracks your business assets and liabilities, and most importantly, it calculates any profits and losses. Small businesses cannot operate if they can not pay their employees or ignore vendors bills and continue receiving materials for their products. Often, those functions are ignored by small businesses due to lack of time thus resulting to work stoppages.

Accounting Provides Feedback
At the end of every period, may it be monthly or yearly, as small business owners, you have some idea of how you performed and accounting provides you the validation you need. It will tell you if you made a profit or loss. If you happen to have a loss, it will determine where your biggest expenses are coming from and if you did make a profit and still left with a small cash balance, it will probably tell you which customers havent paid and which customers are now delinquent. Small businesses fail when what they think is not true and this is the most important reason why small businesses need accounting.

Accounting Helps Comply With Legal and Contractual Obligations
The IRS, other government agencies, and banking covenants require businesses to provide a detailed accounting of their revenue and expenses. Depending on the size and entity type, it also requires you to have a balance sheet or listing of assets, liabilities, and equity. Accounting provides you with that information easily. It provides business owners the right amount of withholding, deductions, and back-up just incase they get audited.

Accounting Provides Non-Financial Insights
Many small businesses fail to realize that accounting is not just financial information. It has information on timing, customer information, employee information, and other information that may not necessarily be part of your financials. For example. a key non-financial trend that small business could pay attention to is their customer demographics, you can identify what your customers age, location, and how they order products and services and you can zone in on advertising to that demographics thus increasing revenue and could lead to increased profit. Another, key non-financial trend small business can pay attention to is monthly sales figures, when a small business realize that a continuous trend of slow monthly per year. A small business could either ramp-up advertising 30 days before as anticipation of the slow month or they could plan a family vacation.

Modest Business Franchise Ideas

Modest Business Franchise Ideas

Today’s world is very volatile and filled with trials and uncertainties. There are only so many ways of making money and many of these are fast getting saturated. Everywhere, people are looking for new and ingenious ways of earning money. People want to have their own business, but do not want to make a big investment. In such cases, it is good to look for a business idea which does not require too much initial investment. There are many websites which offer budget business Franchises for Sale. The ideas on these sites offer a wide range of businesses from pet grooming to babysitting to tutoring to caring for the elderly.

Virtual Assistant

In addition to traditional low cost business opportunities like babysitting, pet walking, or personal chef business, one of the leading new age businesses to think about is to be a Virtual Assistant. Many small business owners have too many tasks on their hand and wish to have someone to whom they can delegate. Virtual assistants can be of great help to them. They do everything that office assistants do, without even once meeting their bosses. They work on a contract basis from their household. In addition to basic administrative duties and keeping books, they also deliver specialized services like market research, technological troubleshooting.

Business Consulting/Image consulting

There are many low cost franchise opportunities like SEO solutions firms, or round the corner cafes available to people willing to put in the hard work and sincere efforts and of course part with some much short cash. But if parting with the initial capital is a problem, Business consulting or image consulting is another good opportunity for you. You could offer services like business plan writing, marketing, communications, help with legalities involved and so on. If you plan to offer image consulting services, you could advice on etiquette, fashion, dresses, accessories etc. This is one way of building a business around what interests you and what you are passionate about; all the time without too much of initial investment.

Event planning

Planning an event requires elaborate planning and organizing skills. Events/parties can be fulfilling and profitable if adequate hard work and efforts are involved. The overall success of an event planning business will be based on the experience that the planner brings to the clients. An event planner will have to have certain skills which are imperative to Low Cost business opportunities like this one. Good organization and time management, negotiation and budget management, creativity, public relations and marketing skills are a few of them.

Entrepreneur Facilitation Center & Development(EFC INDIA), Co-Working Space in Pune,Shared Office S

Entrepreneur Facilitation Center & Development(EFC INDIA), Co-Working Space in Pune,Shared Office S

Entrepreneur Facilitation Center & Development “This Incubation Park suits to IT / ITES /SERVICES SECTOR Technology Based startup, service concept based startup and any other concept / idea which required an office space to start and run the day to day operation”. We at EFC India, support the young budding entrepreneur with complete guidance on their idea or business plan, provide them with all necessary required things like office space, equipments , office, machines & fixture, manpower hunting , sanctioning loan , legal documentations etc. every bit of thing required to start their own business. EFC India is an Entrepreneur Park, where the ideas get converted into reality and fruitful business. We with our team of experts transfer knowledge and skills, help you with all new technology and market support , provide complete training on modernization and expansion of business to enhance the quality and productivity of your business. All you need generate a great idea of business and we help you shape it into reality! -WHAT WE PROVIDE-

You can send your business plan to

You business plan should not be more than 7 – 10 pages and should crisply cover the following aspects –

1. Introduction of you , your team & business that you want to start. 2.Your Target Customer Your Business Plan & Projection – business model innovation that differentiates you Your revenue model / Earnings – how will you make money, pricing etc. 3.Sales and Marketing Strategy – how do you plan to spread the word around about your solution, how would you sell it? 4. Management Team – Who are the main team members and advisors. 5. Financial projections – What are your cash-flow projections – expenses and revenues? How much money do you need to raise as investment? 6. When would you start breaking even operationally? Approx. Amount of Investment requirement ? 7. Team size / No. of people you will hire.

send your business plan to

Hedge Funds – How To Make The Right Investment Choices

Hedge Funds – How To Make The Right Investment Choices

After the 2008 world economic crisis, finding the right investment vehicles seems much harder and trickier. Worldwide currency, which everyone believed in, has shown its face value and, overall people have lost their confidence in the popular investment means available on the global market. However, one of the post crisis positive effects is that individuals became more aware and cautious about the significance of managing their resources appropriately and securing their assets.

Although the present day market openings sets forth an apparently endless variety of choices, making the right investment is all about selecting that alternative apposite for your means, objectives and goals on short, medium and long term. Resorting to professionals is one of the best ways to drive your worth to the right target as long as you manage to find some trustworthy, skilled, and dependable experts.

In nowadays context, the hedge fund is fairly set at the higher end of the investment opportunities scale. Working as a private pool of capital, little known to the wide public, such funds rather address the sophisticated investor that can afford hefty net investments in the prospect of likewise gains. Unlike most types of funds, a hedge fund gathers capital from a fairly limited number of individuals and, naturally the investment amounts are significantly greater, being typically believed to range between one million and six million dollars. Nevertheless, there is no investment maximal threshold regulation in place.

The hedge fund is actively run by a manager, who is in charge with all financial strategies and decisions. Once in, the investors can not set a veto on his decisions. Drawing back the capital ahead of a predetermined time span usually calls upon considerable penalties, which remain in the fund and are finally split between the remaining investors. The hedge fund manager takes up an operational commission and a performance brokerage.

In comparison with other type of investments, the hedge fund primarily differs through a wider range of investment strategies it can adopt and a more regulatory-free area of action, including short selling and hilt leveraging. No such fund is risk free, yet primarily depending on the objects of ventures, the manager can draw in high gains with relatively small risks. For instance, precious metal investments have proved to be such nest eggs. Although, one needs to be no expert to know that investing in gold – the ultimate safe heaven of all seasons- is the right investment choice for all kinds of financial portfolios, the profits of a hedge fund may considerably overrun those achievable from independent investments.

Company Car Or Company Car Allowance – Which Should I Choose

Company Car Or Company Car Allowance – Which Should I Choose

If you have the choice of a Company Car or Company Car Allowance, you should check out how much Company Car Tax (or Benefit In Kind Tax as it is also known) that you would pay if you accept a company vehicle, and then decide whether to go for the Company Car or cash. You could be better off taking the car allowance and leasing a car yourself, even though the allowance is taxable.

The Cash for Car scheme has become increasingly popular with both employers and employees in recent years. Employers save time and money in not having to source, maintain and administer a fleet, although they must always be aware of their Duty of Care and Health & Safety responsibilities. And as an employee, you have more freedom to choose the car you drive, and you could even be better off if you dont spend all of the company car allowance you receive. However, some employers do stipulate the type and age of vehicle that is acceptable, according to the job you are doing.

If you choose to accept a Company Car Allowance, its worth considering Car Leasing vs Buying. Car Leasing (also known as Contract Hire) is simply the hiring of a vehicle for an agreed period of time for a fixed monthly rental. Unlike Short Term Rental or daily rental, a car lease is usually for 2-5 years, after which you can simply hand the car back with no further commitment or, in some case, you may be able to purchase the vehicle if you wish. Car Leasing is a convenient, cost-effective and hassle-free way of financing a new vehicle, and there are many benefits of leasing a car. It enables easy budgeting of your motoring costs, and the fixed monthly payments can even include servicing and maintenance. Also, theres no need to worry about depreciation or disposing of the vehicle at the end of the contract.

Dont forget that if you choose the company car instead of the company car allowance, all your motoring costs (except private fuel) will be taken care of by your employer including insurance, road tax, servicing and repairs. If you choose the company car allowance, you will have to pay for these things yourself.

If you choose a company car allowance and lease a vehicle which you use in the course of your job, youre entitled to claim from your employer a mileage allowance for each business mile travelled. H.M. Revenue & Customs approves certain mileage rates that employees can claim for business travel, and the current rate is 40p per mile. Check the HMRC website for the latest information.

Part way between the company car and a company car allowance is something called Employee Car Ownership. This is where your employer gives you a car allowance, but the company organizes the finance deal and takes care of insurance and running costs. This may also be worth considering if your employer offers such a scheme.

Massachusetts loan modification the ultimate solution

Massachusetts loan modification the ultimate solution

Loan modification- the very term is the source of relief to all debt ridden people across the world. It is very true that now a day almost all the world follow the capitalistic financial set up. And in this set up, the chief mantra is to earn much and expense much. And if you once caught in the trap, one day may come that you will find yourself completely drained out. Massachusetts loan modification is such name that may come to your aid.

The matter is intricate; hence undoubtedly the matter is the experts game out and out. It is a fact that so many persons think that executing a living will is enough in this regard. But for your kind information it can be said that they are not such documents which will be statutorily recognized in the states of America and of course the doctors and other persons from the healthcare system is not obliged to follow it out and out. Massachusetts personal injury Framingham, Boston is such a name whom you can trust entirely without doubt.

Naturally having stood in the era of information technology we will think of taking resort to the ever expanding cyber world for that purpose. Nobody can say that that the decision is wrong but it is also true that you will have to keep your eyes open in this regard. You may wonder why! Massachusetts debt relief Springfield is a known name of solution undoubtedly. But the problem lies elsewhere. The online world is now almost saturated with scam companies. And you can easily imagine that taking resort to a scam company means nothing but accelerating the pace of your destruction.

Now please don’t hesitate to shed off the hesitation about bankruptcy. Exemptions based on bankruptcy laws help protect exempted properties from creditors. Properties exempted by bankruptcy laws include a residence up to $5,000, one automobile of up to $1,000, cash up to $400, a cooking range and refrigerator totaling up to $600, personal injury awards up to $5,000, death benefits up to $5,000, household goods and furniture for $1,500, jewelry up to $3,500, tools of trade up to $750, wild card and personal properties up to $400, as well as all pension and education plans. Now just think how much imaginative and helpful it is. Bankruptcy laws also allow exemptions on health aids, alimony and child support aids, property of business partnerships, ERISA-qualified benefits, retirement benefits, firefighters’ and police officers’ death benefits, group life insurance policy benefits, and seal and office registers.

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Migrate Your Yahoo Store to Zen Cart with Cart2Cart Service

Migrate Your Yahoo Store to Zen Cart with Cart2Cart Service

Want to move from your Yahoo store to a powerful shopping cart, but have no time to add all the information about your products, orders, categories etc.? Do not hesitate to solve this problem by sending all the data from your active online store with the help of Cart2Cart migration service. The service is really a great opportunity to transfer all the necessary information with little effort and great pleasure.

Cart2Cart shopping cart migration service will transfer all the data from your old Yahoo Store to Zen Cart in few seconds. It gives a chance to save time and make a booming business. No time to worry only fairly effective and correct migration process.

Migration to Zen Cart is a very important and required step for your further business growth. Zen Cart is practical and professionally designed shopping cart software. It offers huge amount of options, features and support available for its users. This powerful cart has a great number of advantages: stability, no licensing fees and a lot of ready installed contributions from osCommerce. It is very convenient and easy to use. The possibilities of Zen Cart will greatly enrich your income and make your store work for you even more productively.

Are you still not ready to migrate to Zen Cart with Cart2Cart service? Then think about the amount of time needed for entering products, product images, product extra fields and attributes. The process of adding the information about customers, their shipping and billing addresses is time-consuming and exhausting. Do you really want to do all this work by yourself? If not, let the migration service do this task for you. Moreover, all orders, order statuses, order products currencies, categories, category images, manufacturers are migrated to Zen Cart from your Yahoo Store with the help of this service.

There is a thought that it is better to insert all the information manually in order to keep it private. All the data is transferred via the secured SSL connection, so no one except you will have access to it.

Convinced yet? If not, think of how much time and resource youd need to put into migrating your store data manually. The migration from Yahoo Store to Zen Cart is a fast process with the help of Cart2Cart shopping cart migration service. Moreover it is very convenient, accurate and secure. Do everything automatically and with pleasure. Use the service that makes your work easier!

Home Shop 18 Shopping Shop Online For Best Home Appliances

Home Shop 18 Shopping Shop Online For Best Home Appliances

Searching for Home Appliances for your brother who is going in new house? Have a look below and buy the best.

(1). Godrej 1.6 Ton Window AC

Features:

.1.6 Ton Window AC
.Dual L-Shaped Heat exchangers
.Blue Fin Heat Exchangers
.Japanese Brand Compressor
.Extra Long Air Throw of up to 24 Ft
.LCD Remote Control
.Warranty: 5 Years Warranty from GODREJ

(2). Havells Yorker Antique Brass Celing Fan – 1320 MM

Features:

Havells India Ltd, a billion-dollar-plus organization, and one the Indias largest & fastest growing electrical and power distribution equipment company is a name synonymous with excellence and expertise in the electrical industry. Havells owns some of the prestigious global brands like Crabtree, Sylvania, Concord, Luminance, Claude and Sylvania: Linolite, SLI Lighting & Zenith. Havells entered fan business in mid-2003 and has emerged as one of the fastest growing fan brands in the Indian Market –

.Antique texture
.Long life electroplated finish
.Double ball bearings
.Efficient performance at low voltage
.Technical Specifications: 230V, 50Hz, 82W

(3). Jaipan Ultra Light Iron

Jaipan Ultra light Iron is aluminum sole plate with non stick coating integral tubulal heating element for instant & uniform heating, more flexible wire, reliable snap auction, thermo star for accurate control with neon light.

Features:

.Product Dimensions: 18.5 x 5 x 13.5
.Product Weight with Packaging: 4.750
.Voltage: 220/240 V AC 50-60 Hz
.Power Consumption: 700 W
.Material of Plate: Non Stick Coating
.Type of Cord: Swivel
.Type of Heating: Tabular Heating
.Weight: 1 Kg

(4). Whirlpool Refrigerator Double Door M mind 26 Elt Steel 4S

Features:

.250 Lt Capacity
.Deodorizer
.Ice Twister
.Flip up Shelf
.Crisper with Humidity Control
.Door Lock
.Swarovski Crystal Studded Handles
.Cooling Towers
.Drop Down chiller compartment
.Wheels for easy Movement

(5). Whirlpool Fully Automatic Washing Machine Whitemagi Sensation

Features:

.5 Kg Capacity
.Spin cancel option
.Spin Speed: 600 rpm
.Door Opening Angle: 180 C
.Door opening Diameter: 285 mm
.Water Saving Feature
.energy saving Feature
.18 wash programs
.Door material: Glass
.Variable temperature Control
.Half Load’ Cycle

(6). IFB Microwave Oven Model No: 25PG1S

Features:

.25 Litres Capacity
.Clock Timer
.5 Power Levels
.Grill
.Power Grill with Combi-Tec
.9 Auto Cook Menus
.Multi-Stage Cooking
.Express Cooking
.Auto Defrost
.Child Safety Lock

Author suggests you to buy portable TVs from online home appliances shops and get maximum discount.

Admirable Traits Of Successful Entrepreneurs

Admirable Traits Of Successful Entrepreneurs

You may remember in your business subject class, than an entrepreneur is someone who has a great possession of idea, where he is the venture owner and will be accountable for all the adherent tasks it compromise. Being an entrepreneur is a task one should not easily take but will surely embrace all its advantages. Listed below are the admirable traits of a successful entrepreneurs:

Has Vision – in all types of people, whether you are not entrepreneur, people who always succeed are those who see their selves in future and do something for it.

He who set goals – someone plans ahead of time, someone who set parameter to achieve something he would want for his self.

He who is an opportunist – entrepreneurs were known as opportunist because of their attitude to grab the bacon as it was presented to them.

He who knows the Competition – a good entrepreneur is someone who knows the demand in the market. Biz Mirror a real life business magazine featured the life of Lawrence Robinson who gained five business branches in two years. According to him, knowing the demand of the public will surely be an edge, since he is a pool owner, he found out that aqua rite and pool chlorinator are the demand of the market. So what he did was to look for a high end aqua rite and pool chlorinator that he can offer to the public, after a year, his store in Los Angeles, became one of the most sought after pool store in California. He was able to put five branches in two years time and he was so thankful with the idea that he was able to achieve this success because of his aqua rite and pool chlorinator idea.

He who has love and passion for his business – it can be notice that all the successful people are those who love and untiringly work for their work, if you would want to be an entrepreneur, then you must always fall in love and work the best for your business.

Reasons To Shop At Nike Outlet Store Online

Reasons To Shop At Nike Outlet Store Online

The coming of technology allows people to buy anything they wish in a very easy way. You can get a lot of gains by buying online. There is tons of functional information that can be very helpful to you especially when it is about purchasing from various Nike outlet store online. Here are unique reasons why a lot of individuals are seeking for Nike outlet store online these days:

This is because a lot of online shops today are established to the rules of the law that is why they are implementing purely the return and exchange of goods and products with defects so your money will be very secure. There are also vouchers and freebies that will be offered to you by most stores today so you don’t have to worry about savings.

1. 24 hours shopping ability – when you shop online, you are taking advantage of your time because online outlet stores are open 24/7 so you can shop without restricting yourself about the time. The latest technology that is available in the market today allows you to have a good reason to shop.

2. Time saving – a lot of people don’t know that they are saving a lot of time by doing their shopping online. You can also do multi-tasking at home or at the office while you are doing your shoe shopping.

Nike outlet store online has been producing high end shoes ever since and it has been supplying to its accredited factory outlets since then to supply low-priced shoes to individuals. It is so simple to purchase Nike shoes now because there are much of online shops these days that are offering soothing and convenient shopping to a lot of people.