Business Improvement

Archive for October, 2009

Dont Let A Criminal Ruin Your Company Get The Secrets To Protecting Your Company!

Keeping a company safe is an essential part of running any business. Whether protecting the customer an employee or the finances you should always be aware of how you can keep your company out of harm’s way. Becoming careless with a companies safety will always have negative consequences. There are many actions you may take to make sure your company is safe from criminals.

There are several everyday company necessities that may be more important than you think. For example having an accessible phone that can easily dial 911 should be standard. Many have a phone out of reach but every business should have several phones in case of an emergency. If an employee has an emergency in a room that does not have a phone they can be in serious trouble. As a result you and your company are also in trouble.

Another necessity is a security camera. Even one video camera could prevent a criminal from acting out. Making employees aware of security cameras in an office makes them much less likely to steal become violent or commit other crimes during work. Video cameras also are important evidence if an employee does commit a crime .

The most important procedure when protecting a company is performing a criminal background check. Criminal background checks are simple and can prevent you from hiring a criminal that could hurt your business. It is possible to perform your own criminal background check in your local superior courthouse. However if you do not have the time or the experience there are many companies that specialize on performing background checks. For example Inquisitive Research of New Jersey performs several different background checks including criminal civil records education verifications and employment verifications. Performing a criminal background check on all employees will make your company a safer place.

About the writer:nbsp;nbsp;ATIF UR REHMANmbaiqra university islamabad

Discover How You Can Make A Hefty Profit From Items That Have Misspelled Title On EBay

In school if you misspelled in your essay assignment or examination you will be severely penalized and get low grades. In work if you misspelled in you email correspondences contract documents official letters etc.. your career may go down the drain. It seems that misspelling is such a horrible crime to commit and the punishment is so unimaginable. Too bad correctly spelt words are very important in these circumstances. Do you know there is also good news about misspelled words? The good news is that you can make a hefty profit from misspelled words. How? Read on.

In eBay there are so many items listed for auction per day. And out of the listings thousands of the listed items have misspelled title. For your information most of the eBay buyers will search for items using the “title search” only. For example a seller may be selling a drill he may write the title as “Corless Drill” instead of “Cordless Drill”. Can you spot the misspelled title? “Corless” versa “Cordless”!

So what impact does this have on the buyers? If a buyer wants to buy a “Cordless” drill he will type in the word “Cordless” in the search box. However the search engine will not return any results since the seller wrote the title as “Corless”. To the seller this is a total disaster because no one will ever find his product. What a shame! But what does this mean to you? It definitely means a lot to you.

Here it goes. Take the “Cordless” drill as an example. Since the title is misspelled no one will every find the drill. This means that the product will never be sold. Assuming that you already have the technique and trick to find misspelled title you will be able to locate the misspelled “Corless Drill” listing. Since you can find it you can bid for it. And since you are most likely to be the only bidder you will win.

So what do you do next? You get the item and you list the item for sale in eBay again. But this time you will need to spell the title correctly. Yes you resell it. Here are some real life examples

Someone is trying to sell a “Microsoft XP Professional”. However the Microsoft was misspelled as “Mircosoft”. One guy bought it at 107.82 and resold it at 276.5 making a profit of 168.68.

Another case is “Sony Mavica Digital Camera”. The camera was misspelled as “Camara”. One guy bought it at 44 and resold it at 185 making a profit of 141.

Yet another case is a “Playstation2 System”. The Playstation2 was misspelled as “PLaystaion2″. One guy bought it for 127.00 and resold it at 265 making a profit of 138.

Okay you can do an experiment now. Go to eBay and type in the word “Camara”? You will be able to see some of the items with this wrong spelling. You will also see that most of them have no bid and will expire soon.

By now I believe you can see how you can make a hefty profit by exploiting misspelled titles. Here are some more benefits of selling eBay this way.

1. Since you are buying the misspelled items the seller will ship the item to you with proper shipping materials. That is you do not need to do the packing and buy any shipping materials any more. You save on shipping materials.

2. When you received the item you open it inspect it close it and relabel it. The seller has already make the first cut inspection. You just make sure that the item is in good order.

3. With literally thousands of items per day being misspelled and listed you will never shot of items to sell even thousands of people were doing this already. There is always product for every one.

4. This is a low investment venture. You can start with a low cost item first perhaps under 50.

There are literally thousands of items listed in eBay everyday with misspelled title. Since no one can find them they will expire with no bids. You will be surprise that you can really get a real bargain from these items. Thereafter list it with the correct title spelling and you will sure to profit from it. What a nice little way to profit from eBay.

About the writer:nbsp;nbsp;Rose Mary.Specializes in Internet Marketing.The eBay System Never Before Revealed.Discover A New Technique That Can Make You A Full Time IncomeWorking Part Time at Misspelled Items.

Debt Financing: A Lesson From The High Dive

Preparing for the Perfect Score

By Christopher Yuskiw Guest Contributor

Before your business takes the dive into debt financing make sure you have prepared for the associated risks with borrowing so when you do take the leap you dont belly flop. Preparation is vital. How can you get a perfect 10 so you can finance your business? Lets take a step back and look at how banks evaluate risk and how they view businesses.

Depending on what stage your business is in will have a huge impact on the way a bank looks at your business:

• Stage 1: Are you a start up have you been in business two years or less?
• Stage 2: Are you an established growing business have you been in business for more than two years and still growing; i.e. are your sales still expanding not yet stabilized?
• Stage 3: Or are you a mature business with a stable sales cycle have your sales reached a plateau and are no longer growing rapidly?

Knowing where your business is in its growth cycle will better help you prepare for the bank lending process.

Debt Financing for a Startup Stage 1

A startup business is going to have the most difficult time obtaining bank funding. Think about it; ideas are worthless without execution. If we could all capitalize on our ideas then everyone would be in business for themselves.

Evaluating Risk
Banks approach each deal based on the amount of risk they are undertaking and startups are as risky as they come. This is why it is vital for a business to be completely prepared for the bank underwriting process. You need to be prepared to answer any and every question that a bank might ask be your best advocate and able to sell your business as a good risk.

So what can you expect? While every deal that a bank looks at is unique and presents its own risks and challenges there are some common things that most banks will look for.

Be prepared to provide:

• A business plan that gives a thorough explanation of your business and its strategy
• A project cost worksheet what are you going to use the money for?
• Management resumes how much experience do you have in this field?
• Two years of personal tax returns and all schedules for every owner of the business typically defined as a person who owns 20 or more of the business
• Personal financial statements for each owner
• Two or three years of projections showing the businesss expected cash flow broken down monthly
• A business debt schedule does the business have any other debt? I.E. personal notes other start up financing etc
• Collateral what do you have in terms of assets that the bank can take as collateral?
• It should also be pointed out that most banks have minimum credit score requirements for all parties guaranteeing debt a 700 or greater credit score for start ups and 650 or greater for established businesses

Though useful upfront information will get you into the front door dont be surprised if a bank requests additional information. Start at a bank where you have an existing relationship and have a candid conversation with a loan officer. Ask them what their credit collateral and equity requirements are for their business loans; be sure to explain your business in detail as this can have a bearing on the requirements.

Banks look at things from many different angles to evaluate your risk. You may be working with one bank employee but there are probably several parties involved in underwriting your deal; each person will approach your deal from a different perspective.

Startup Resource Guide

Though debt financing is challenging we hope you havent abandoned your business. While approaching a bank for startup financing might seem like an impossible daunting process it doesnt have to be. There is free help out there. Two great resources available to everyone are the SBDC and SCORE. Both are government sponsored programs funded by tax payer dollars.

The SBDC Small Business Development Center is a governmentfunded program that seeks to provide assistance to current and prospective small business owners.

Some Useful Services for Startups:

• Viewing and interpreting your credit
• Writing a business plan
• Making projections
• Developing a management plan
• And many other useful free services

If they cant help you more likely than not they will know someone who can.

SCORE Service Corps of Retired Executives is a nonprofit association that exists for the purpose of educating small businesses owners and promoting the growth of US based small businesses. SCORE offers services similar to the SBDC.

While it can be difficult for some to obtain bank financing it is not impossible; you also do not have to go at it alone. Whether you decide to approach the task alone utilize a free service or pay a consultant or a broker to help you you need to understand that preparation is vital.

Looking Forward

If financing your business were like high diving learn from your 4 and 5 scores. Find out why you didnt meet the banks expectations and learn from it so the next time you take that dive you can get that perfect 10.

Bottom line: dont give up youve decided that this is what you want youve trained to get that 10 so be prepared to work for it.

If you are an established business seeking bank financing please see the second installment of this article.

Related Posts:

Finding Opportunity in the Dragons Den

Financing Yourself: The Benefits of Risk

Investments With Wings

About the writer:  Sparxoo is a business blog that inspires breakthrough by tomorrows leaders. We are a strategy consulting firm with a pulse on marketing branding and development. See our talented team of experts and our parent company dCap Advisors.