Your Gateway Of Perfect Business Accounting Solution
The majority of business enterprises starting by several online marketers and most of them are seeking to handle their complex book-keeping as well as tax accounting solutions that can make sure all More »
Ethics In Business And Accounting Decisions
Depending on the type of business, the facts and circumstances surrounding accounting decisions may not always make them clear cut, and yet the decision may determine whether the company shows a profit More »
Review On Business Accounting Software By Sage And Microsoft
Accounting is one of the most vital processes in any business. To say the least, it is even more important than manufacturing goods and selling them. Flow of revenues and expenditures ultimately More »
Sap Business One Accounting, Erp And Mrp Modules Implementation With Custom Elements
Small Business ERP market is experiencing stiff competition between such brand names as SAP, Microsoft Dynamics and Sage. As Business One is relatively new player on this market it often is considered More »
Keys To Good Accounting Practices
Keeping Good Records One of the ingredients of good accounting practices is keeping proper records. No matter how small or large a business, it is essential to have a filing/storage system in More »
Your Gateway Of Perfect Business Accounting Solution
The majority of business enterprises starting by several online marketers and most of them are seeking to handle their complex book-keeping as well as tax accounting solutions that can make sure all the business tax and accounting requirement in a suitable way. Whether you are looking for a dependable tax and accounting consultant then you need to choose a best one which can assure to provide you an overall accounting and taxing solution for your entire business need, which can be cent percent reliable and trustworthy, then you can surely Accountant San Jose Ca for a complete business accounting solutions.
A Perfect Accounting Consultant for a Perfect Business
Your tax and Accounting Firms in San Jose can give you a best possible solution for all basic accounting and taxation need with other additional benefits with necessary applications. Despite the fact some of the business enterprises generally take few additional managers for this purpose, but choosing this kind of firm in bay areas will surely help you out in this regards. How a perfect tax consulting firm can help your business, that you will have to judge from your business perspective. For instance, sole dealers, everywhere in the further business need, to enter directly into cooperative, or possible to set up them as a small scale business.
A Reliable Tax Consultant the ladder of business success
Most of the Indian CPA San Jose offer specialized services for the purpose of personal as well as business taxation and accounting requirement in time. Let us see how a good tax consultant can help your business.
A dependable tax consultant can helps your business to touch the ladder of success in business.
A reliable tax services San Jose can help to avoid unwanted or unnecessary tax and accounting and legal issues.
A complete business tax and consultancy need a particular up-to-date tax and accounting reports for your business to grow further.
In time taxation and accounting solutions for further need.
How a tax and accounting consulting firm can manage all your tax-accounts need to manage your business better that you will be able to understand when your business will run smoothly without any accounting or tax hurdle. For that reason you can hire Tax preparation San Jose ca a great tax and accounting consultant in San Jose area. So, it is generally very important to find out a good tax consultant who can help you to provide a cluster of business needs like organizing, planning of taxation etc. for your overall business growth.
Ethics In Business And Accounting Decisions
Depending on the type of business, the facts and circumstances surrounding accounting decisions may not always make them clear cut, and yet the decision may determine whether the company shows a profit or a loss in a particular period! What are the factors that influence business and accounting decisions, and how should these factors be weighed? Generally, three factors influence business and accounting decisions:
The economic factor states that the decision being made should maximize the economic benefits to the decision maker. Based on most economic theory, every rational person faced with a decision will choose the course of action that maximizes his or her own welfare, without regard to how that decision impacts others. In summary, the combined outcome of each person acting in his or her own self-interest will maximize the benefits to society as a whole.
The legal factor is based on the proposition that free societies are governed by laws. Laws are written to provide clarity and to prevent abuse of the rights of Individuals or society. Democratically enacted laws both contain and express society’s collective moral standards. Legal analysis involves applying the relevant laws to each decision, and then choosing the action that complies with those laws. A complicating factor for a global business may be that what is legal in one country might not be legal in another. In that case, it is usually best to abide by the laws of the most restrictive country.
The ethical factor recognizes that while certain actions might be both economically profitable and legal, they may still not be right. Therefore, most companies, and many individuals, have established standards for themselves to enforce a higher level of conduct than that imposed by law. These standards govern how we treat others and the way we restrain our selfish desires. This behavior and its underlying beliefs are the essence of ethics. Ethics are shaped by our cultural, socioeconomic, and religious backgrounds. An ethical analysis’s needed to guide judgment for making decisions.
The decision rule in an ethical analysis is to choose the action that fulfills ethical duties responsibilities of the members of society to each other. The challenge in an ethical analysis is to identify specific ethical duties and stakeholders to whom you. Owe these duties. As with legal issues, a complicating factor in making global ethical decisions may be that what is considered ethical in one country is not considered ethical in another. Ethical training starts at home and continues throughout our lives. It is reinforced by the teaching that we receive in our church, synagogue, or mosque; the schools we attend; and by the persons and companies we associate with. A thorough understanding of ethics requires more study than we can accomplish in this book. However, remember that, when making accounting decisions, do not check your ethics at the door.
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Review On Business Accounting Software By Sage And Microsoft
Accounting is one of the most vital processes in any business. To say the least, it is even more important than manufacturing goods and selling them. Flow of revenues and expenditures ultimately decides the fate of a business as does its proper management. The requirements of every business may vary, but the general requirements of a business like collection, classification and analysis of financial data is what constitutes the crux of accounting.
Nowadays, it is becoming a norm to purchase accounting software before starting a business. You can find accounting software for both small business as well as large businesses. In fact, a whole basket of accounting software programs is there to choose from. Depending on the type of business you have and how you run it, you have to choose the accounting software that compliments your business, instead of being a limiting force to it.
Before reviewing any accounting software, it is important to classify the market of accounting software in the following manner:
a) Small business/personal accounting software is targeted at home users. Such software are simple, easy to use and inexpensive. They perform simple functions such as management of budgets quite at ease.
b) Low end accounting software is known for its ‘single entry’ products. It serves a single national market quite easily.
c) Mid market accounting software for mid-level businesses serve multiple national accountancy standards. You can do accounting in numerous currencies.
d) High end accounting software is also known as Enterprise Resource Planning or ERP software. These expensive solutions cater to the needs of huge organizations.
Since the mid 1990s, with the entry of Microsoft and Sage, accounting software market has simply evolved. In fact, it is simply increasing at a break-neck pace. There are various good accounting software in the above categories of accounting software. Selecting the best one is not that easy.
In the small business/personal accounting section, the best accounting software would doubtlessly be the Intuit’s QuickBooks Accounting Software pro edition for small business. This accounting software has all the accounting features necessary for small businesses. QuickBooks Small Business 2006/ 7, through its time-saving features and improved functionality aids management of business. By applying online accounts management of bank statements, this software easily helps in integrating bank records in a smart way. With this software, you can rule your growing business accounts effortlessly and productively.
One excellent software, targeted at the low-end accounting software market is Sage MAS 90 ERP/MAS 200 ERP. This software is also applicable in mid-market accounting software market. This software encompasses different worthy solutions. Some of them are e-commerce, payroll, financial reporting, customer relationship management, core accounting and much more. This is an award-winning accounting software. With key processes like bill of materials, inventory management and job costing, it aids in the management of business. The advanced version MAS 200 ERP has the extra function of a client/server platform. It is known for its scalability and reliability.
In the high end accounting software market, several excellent accounting software, from some well known manufacturers like Microsoft and Sage are competing with each other for the market pie. No doubt, selecting the best one is difficult. Still, I would go with the ACCPAC Advantage Series which is known for its world-class multi-tiered functionalities. ACCPAC accounting software is perfect in the sense that it allows a business to tune its functionalities according to the needs. The ACCPAC Advantage Series is available in three editions- Enterprise Edition, Corporate Edition and Small Business Edition.
The Sage ACCPAC ERP system/Enterprise edition helps you to increase the productivity of your entire enterprise with end-to-end solutions, such as CRM. This high end software provides integrated set of end-to-end business management applications. Like other Sage software, this accounting software is known for its seamless integration, reliability and high performance which a large organization desires for keeping its competitive advantage over its rivals.
Sap Business One Accounting, Erp And Mrp Modules Implementation With Custom Elements
Small Business ERP market is experiencing stiff competition between such brand names as SAP, Microsoft Dynamics and Sage. As Business One is relatively new player on this market it often is considered when you have to replace outdated DOS based accounting application with something more contemporary. Traditionally mid and small business ERP market is divided between Dynamics GP formerly known as Great Plains and Sage products such as MASXXX. Plus competition from the small accounting packages includes QuickBooks, Peach Tree and similar brands. We see some evidence that SB1 is very popular in such regions as Brazil and Spanish speaking Latin America. Plus it is localized in such important regions as Russian Federation and China and this fact makes it popular in hub-and-spokes ERP architecture where you have to implement something simple in foreign subsidiary with consolidation to Corporate ERP in the Headquarters. Lets take a look at its functionality and technology:
1.Three Tiers Architecture. It could be described as having Database, Application Server and Client Interface layers. In such configuration custom software developers are barred from doing direct data feed or update via SQL Insert or Update statements and similar constructions. Everything should be done through application server which has reliable mechanisms to roll back failed database access. If you would like to program custom integration we recommend you either to do it via Software Development Kit or in Data Transfer Workbench. There are integration third party tools as well but outside of the scope in our publication
2.Batch Posting mode versus document posting to General Ledger upon its saving. If you are familiar with mid-market accounting packages such as Dynamics GP for example you might be curious what happens when I save something like AR Invoice in Business One. The answer is it is recorded in the module as well in GL as permanent record with recognized revenue and cost of goods sold. This was designed as small business ERP package with reasonably simple functionality. In order to give you the idea on what you are really making in cash based accounting method (opposite to accrual method as it is required for larger companies) SB1 allows you to restate financial statements from accrual into cash base
3.MRP. There is MRP wizard intended to automate your inventory replenishment by optimal quantity level or directly on sales or production order. In version 8.8X we see substantial improvement with the introduction of Purchasing Quote which could be used in requisition management and all sort of tenders where you have to document suppliers bids and decision making on the best deal selection
4.Discrete Manufacturing. It is pretty simple but it has such cool features as disassembly bill of material allowing you to disassemble returned finished product and place its components back on the shelves
5.Customization directly in settings. If you were working in ERP consulting firm back in late 1990th you probably remember how difficult it was to add custom field to existing entity or create new custom table and associate it with user interface. We think that SB1 architects were familiar with this challenge and created user defined fields and tables adding feature which automatically creates user interface to access and edit these newly created objects
6.Crystal Reports. This tool is recommended for managerial reporting, such as custom sales commission, customer statement or project profitability. There should be long term commitment to Crystal as SAP acquired Business Objects or former owner of CR
7.Competition. There might be several to consider especially Sage MAS 90 and Microsoft Dynamics GP Business Ready. Popular migration path to SAP B1 is from Great Plains Accounting for DOS as well as QuickBooks and Peach Tree. If you are thinking about abandoning GPA for DOS we would like to note that there is migration tool to Dynamics GP and if you choose this route you are skipping data conversion to SB1. It is possible to extract Great Plains Accounting master records via ODBC connection in Pervasive SQL Control Center. We do not recommend deep historical data export, cleansing and migration from GPA to SAP BO
8.Second Opinion. Accounting system implementation projects have reasonably good success rate however there are failed cases. Normal procedure to the way out of crisis is via second opinion. Consulting firms have their specializations and of course strong and weak points. If your original reseller was good in sales presentation, software sales and generic implementation it might be not an obvious fact to expect these people to be equally good in SDK coding or complex integrations with external databases
9.Selecting Consulting Firm. We recommend you to consider the following criteria: local versus nationwide, technology expertise versus generic functional consulting and user training and such additional criteria as expertise in your industry niche. If you are facing complex customization project consider somebody who runs so-called Software Development Factory
10.Multinational Corporation. Even if you have something like SAP R3, Oracle Financials, PeopleSoft or Dynamics AX implemented in your USA based headquarters it might be not feasible budget wise to implement it for small location somewhere in Brazil, Russia, China or Africa where Business One is localized and is probably better fit considering the operations magnitude
11.Industries and Business Niches. In our opinion it is good for generic wholesale, services, light manufacturing and distribution companies. There are add-ons to automate B1 in Retail, Warehouse Management, SCM, Recruiting, Food Processing, Mining, International Business and even consulting sectors
12.Please call us 1-866-304-3265, 1-269-605-4904 (for international customers, where our representatives pick up the phone in Naperville and St. Joseph, MI call centers). [emailprotected] We have local presence in Atlanta, Chicago, Southern California, South West Michigan, Houston and Dallas areas of Texas. We serve customers USA, Canada, Mexico and Brazil nationwide and internationally via web sessions and phone conferences (Skype is welcomed). Our consultants speak English, Spanish, Portuguese, Russian and Chinese. One of our experiences is international Corporate ERP and Consolidated Financial reporting
Keys To Good Accounting Practices
Keeping Good Records
One of the ingredients of good accounting practices is keeping proper records. No matter how small or large a business, it is essential to have a filing/storage system in place to store all financial records. Financial records include receipts, invoices, bank tellers, cheque stubs, withdrawal slips, bank statements etc. With the advent of online banking, emails and other forms of online communication, more businesses are storing their accounting information in virtual form. More invoices and receipts are now sent by emails to reduce carbon print, whilst more payments are been carried out online than ever before.
Despite the advancement in technology to aid accounting communication, it is essential that all form of records is kept safely for easy access. This is crucial for accurate financial reporting and business decision making. If a business stores more information on IT systems than files, then a back-up system is important for added security of data. Filing systems must be easily accessible preferable in chronological order. It might also be necessary to keep records of incoming paper-format financial information on a system as back-up.
For taxation purpose documents – paper or computer generated must be kept for a minimum of five years after the end of the accounting period of the business.
Accounting Systems
Accounting services vary from business to business; some companies prefer to outsource their accounting to an accounting firm or freelancer accountant. Another option is to hire staff to carry out all financial functions in-house whilst some small business owners choose to perform these accounting functions themselves.
The accounting system a business chooses must be able to meet the needs of the business. A small business might be better off hiring an accountant, rather than invest in a system there will be no time to operate. A large organisation might be able to afford a good accounting package, but the system will be of no use if there is no competent staff to operate it. For effective accounting, businesses must ensure they match their accounting needs with the appropriate system including outsourcing options.
Monitor Information
A business account is like the flip chart at the end of a patient’s bed which shows the vital signs of that business. To keep the business vitals in good condition, businesses should constantly appraise their financial status to ensure a good book balance.
Most medium to large organisations carry out a monthly, quarterly or regular form of management accounting exercise. These reports are for internal use and it enables the business to identify its financial position on a consistent basis. Though meant for internal purposes, it is an effective way to monitor performance and plan for the future.
Legal Requirements
Businesses must satisfy legal accounting requirements whilst in operation. It is also important that they meet the need of the various stakeholders in the company. These stakeholders have a legal requirement to certain financial information, which must be presented in an acceptable format.
Accounts Statements must also be prepared and filed with the relevant Government bodies – in the UK these are HM Revenue & Customs, Companies House and the Charity Commission. They must be in the right format and submitted by the deadlines set by the authority concerned. Failure to file accounts in the right format and at the right time may result in a financial penalty, except in extreme circumstances.
It is therefore essential that an appropriate book-keeping system is in place to ensure information is captured accurately and efficiently. It is also crucial that businesses have “best practice” policies in place to ensure accounts personnel complies with legal requirements.
Account Personnel
Competent accounting personnel are as valuable as the information they provide. Most businesses require the assistance of experienced accountants to collate and file their accounts. Medium to large companies generally recruit their own personnel to look after their company accounting processes. With the credit crunch hitting businesses profit margin, a lot of businesses are outsourcing their accounting services to external firms. Some of the main advantages of outsourcing are the reduction in staff related costs and the wide range of expertise gained from reputable accounting firms.
Whatever product or service a business provides, ethical accounting practices will ensure a business is able to identify its financial position and plan according to ensure its survival and longevity.
How To Get Hired For Competitive Business Analyst Roles
Looking for a new business analyst job can be intimidating whether you are a seasoned business analyst looking for a challenging business analyst position or you are applying for entry-level business analyst positions.If you do not handle your business analyst job search correctly, you may be passed over for positions that you are really qualified for or your resume may never get to the desk of the hiring managers or you may get discouraged by the lack of interest in your resume from potential employers. Whatever your situation, what I am about to say next may help you find your ideal business analyst job quickly, fast track your business analyst career or help you become a star player in the business analyst industry, so, pay attention!
Why Do I Need A Cover Letter and a Resume?
One of the things that can set you apart from all the other business analysts out there is your cover letter. This statement may be unexpected because most of us assume that recruiters and human resources departments receive so many resumes that your cover letter barely receives a cursory glance. However, this is no reason not to send out a great cover letter with your business analyst resume. You need a cover letter for the following reason; a cover letter shows that you put extra effort into introducing yourself to the company by creating a customized letter describing your business analyst training, business analyst skills and business analyst experience. Without the cover letter, the company assumes that you may be applying to every single business analyst job out there rather than taking the time to apply to specific business analyst position that matches your skill set and background. Your cover letter helps recruiters to select you from the hundreds of candidate’s resumes they receive. The recruiter scans your cover letter to see if anything jumps out to grab him and if your cover letter is memorable, he or she will move your resume over to the “Read” pile instead of the “Toss” pile.
A Good Cover Letter Will Help You Get Hired Fast!
Your resume will probably look much like that of other candidates who have the same business analyst education, skills, and training. This is why I highly suggest the use of a cover letter when applying for a business analyst position if you want to make a favorable first impression. Even if you dont have much prior business analyst work experience a cover letter highlighting your business analyst education & business analyst training gives you the means to show the hiring manager that you still have what it takes to do the job well. You should showcase your applicable characteristics even if they are mentioned on your resume. This shows that you took the time to create a unique cover letter that specifically addresses the company you are applying to. Note that you may not reuse the same cover letter over and over, as each cover letter must be unique and customized in order to stand out from the other candidates.
How To Write An Awesome Business Analyst Cover Letter!
You have decided to apply for a business analyst job posting and you have read the rest of this article, so you are ready to write a cover letter that makes your resume stand out. Here is what you must do. Read the job description and then use your cover letter to position you for the business analyst job opening. If the job opening is for a Business Analyst with Agile Methodology experience, mention that. If the resume requires Rational Unified Process (RUP) experience, mention that or else mention that you have Rational Unified Process (RUP) Training. List the key, measurable business results you have been principal to achieving. List all UML Training, Agile Training, Use Case Training, Requirements Analysis Training, skills and job experience. Mention any Fortune 500 corporations, business consulting experience, or experience in any industry aligned with that of your potential employer.
Finally, make sure your cover letter matches your key business analysis skills, training, certifications or job experience with the qualifications or requirements of the business analyst job posting.
Get the Attention of the Hiring Manager
How do you get noticed from a cover letter? The answer is getting the hiring managers attention right from the beginning of your cover letter. The introduction of your cover letter should be concentrated on grabbing attention in order to interest the reader into reading the letter through to completion. In the introduction you can tell of how you became interested in the business analysis industry, any formal experiences you may have in gathering business requirements, your successes, and your passion for being a business analyst. Then get into some of your previous business analyst projects and the results of the projects. Continue on by filling in the details about the business analyst skills you have mastered and the experience that makes you the better choice for the position. Accentuate how those learned skills will help the company to accomplish its objective of requirements gathering.
How To Format A Business Analyst Job Search Cover Letter
When writing your business analyst job search cover letter stay close to the straight and narrow path in formatting the letter. Use normal business conventions in the opening paragraph, when addressing the business analyst job position, and in the closing paragraph of your cover letter. This will apply to cover letters that you send to business analyst job postings by email, fax, snail mail or business analyst jobs posted on job boards like Monster.com, Dice.com, etc. Be courteous and business-like. Formality will not take away from you if you have something interesting to say, so keep the cover letter short by being focused and getting straight to the point. The entire cover letter should not be more than four paragraphs. Avoid starting out with to whom it may concern., that is old school If possible, you should use the name of the recruiting manager mentioned in the business analyst job posting. Do not use slang, cute phrases, emoticons or graphics. Make sure your spelling and grammar are correct. Use a spell-checker and if possible, get a friend or mentor to proof-read the cover letter before you send it out.
Finally, remember that your cover letter presents you with an opportunity to get your ideal business analyst job. It is your opportunity to connect with and capture the recruiters or hiring managers attention, tell your professional story and stand out from the crowd. It may take hard work to create great business analyst cover letter, but it is worth the effort, when you land that great business analyst job while others wonder why they are not as lucky as you.
I wish you success with your business analyst job search.
Grabbing Business Franchise Opportunities In The Food Sector
Food in India is a fascinating mix that has evolved with changing lifestyles; the taste is myriad and out-of-this world and the way it is cooked is just mesmerizing. Spices add to the tanginess, the flavor, and the uniqueness in every dish that are bound to let mouths water at the very thought or sight. There is a staggering variation of food in India from region to region and the taste, of course.
Sweet food in India is chiefly made from sugar. There are many homes in India that still follow the traditional methods of preparing sweet food at home on special occasions including during festive junctures like Diwali, etc. Urban families prefer buying sweets in bulk for use at home as well as for gifts to neighbors, friends, and relatives.
Be it breakfast or between meals or just like that, vegetarian snacks never fail to delight your taste buds. Vegetarian snacks of India are known for the crispness and appealing tastes. If you have a busy schedule, you dont need to worry because choicest vegetarian snacks are available at the nearest food outlet to fuel you up. Savory vegetarian snacks liked by most people include samosas, vegetable pakora, paneer pakora, aloo tikki, bread rolls, chole bhature, daal kachori, bada pav, etc.
There are counted few restaurants that are known all over the country as well as worldwide for the taste and variety of sweet food, vegetarian snacks, South Indian food, and other snacks items like namkeens. These restaurants like Bikanervala offers business franchise opportunities to interested people. Business franchise and franchising opportunities are increasing internationally. If you have a long cherished dream to turn out to be a business owner; buy a food business franchise and you will never regret it.
The Key Success Factor For Any Online Business
In a marathon the physical factor for runners might be very comparable, but what could be the main differentiator between those who get to the finish line and those who don’t? And what would be the main differentiator between those who finish first and those who finish last? What makes a person push himself/herself to the maximum limits to achieve his/her targets?
Depending on the field, things like physical fitness and knowledge are pre-requisites of course, but endurance and patience are the common denominator that separates the winners from the quitters in any field.
From normal observations we realize that the level of endurance and patience to achieve self set targets differ between one person to another. So what is it that creates this difference? It is motivation and more importantly self motivation.
The engine that drives us to overcome obstacles and enhance our endurance and patience is how well we can motivate ourselves. We need to differentiate between external motivational factors and self motivation.
Results and achievements motivate most of us, but if failure and slow or no improvements are happening, the only source of motivation available is within ourselves.
Online business is an industry that requires a huge amount of self motivation. Self motivation is the sole driver for discipline, endurance and patience which are the success factors that differentiate the winners from the quitters.
This makes self motivation the most crucial success factor in online business as external motivators take time to materialize.
How can we fuel the self motivation engine to keep it running? There are numerous ways:
1-Set clear Targets: I know you have heard this a million times, but the reason we are mentioning it here is the following:
a.Clear targets are easily measured and accordingly you will see by time the small improvements you are making. Thus energizing your self motivation by this external factor.
b.When setting clear targets, you can easily divide them into targets to meet within smaller time intervals. Accordingly, you see closer results.
2-Keep remembering your initial driver: Keep reminding yourself why you got into online business in the first place. Keep implanting this driver into your head on daily basis.
3-When you completely lose hope and realize that online business is not for you, try to find other options that would satisfy the driver that made you start your online business. If you could not find other options you will realize that online business is your only option.
4-Do not talk about your online business with potentially skeptical people.
5-Pick an active forum and hang around there every now and then, not only because it is good for the business, but to keep you motivated by helping others and getting help from others. You can find ideas that you never thought of before and are easily implemented which will give a huge boost to your motivation.
6-Try to enjoy your online business and make money a secondary issue. By enjoying the work you will find the material factor accomplished without you noticing. If you keep stressing yourself out regarding the monetary achievements, each day in online business will seem like a whole year. This one is the most magical of all solutions.
Do not make your online business like any other job. This is your kingdom and you can create any working environment you desire. Therefore, create an environment that will keep you motivated all the time.
How To Write A Business Plan Essential Elements Of A Good Business Plan
In order to write an effective business plan, you will need to start by covering the basics. State clearly on a cover sheet the name of your business, the address of the business and the principles that govern the business. These elements, however, are only part of what you need to include in your business plan. There are a few more essential elements to include in your business plan.
Executive Summary
The executive summary is the abstract of your business plan. It is summarises all the information you give in the body of the plan and serves to introduce potential investors to your company. Mention your company background, mission statement, goals, management overview, capital requirements, market opportunity and competitors in no more than three or four pages. Make sure your executive summary is persuasive enough to convince investors about the viability and potential of the business.
Business Overview
The business overview provides more details about your business and why the business was formed. It expounds on your business mission, strategy, model and existing strategic relationships. Clearly explain how your business was formed, the costs associated with running the business, legal structures of the business and any intellectual property you may own. You may also cover issues relating to administration, management, accounting and security in this section of your plan.
Business Offering
The business offering section details why you are in business and what you are selling. State whether you are selling products or services. If you are selling products, shed more light on whether you are the manufacturer, retailer or distributor. Talk about your manufacturing process, inventory processes and availability of materials, if you are the product manufacture. If your business offers services, describe those services in detail. Also, provide information on product or service lines you expect to venture into in future.
Implementation and Strategy
This section provides details of your business strategies. It highlights your sales forecast, products or services launch dates and expected customer or web visitors statistics. Investors will be keen to read through this section to learn about your dates and deadlines. Lay out these details in a table called Milestones for easier information consumption.
Marketing Plan and Analysis
Detail your marketing plans in this section. Provide information about your market analysis, customer service, sales and public relations. Showcase your business vision and highlight the key points that will make your business successful. Validate your points with market research and customer and or industry trends. If you are a smaller entrepreneurial company and lack capacity to conduct in depth market research, validate your points with testimonials from existing customers.
Management Team
Explain the backgrounds of the managers and executives in your business in this section. This is important because investors will be interested in evaluating the risks associated with your business before they invest. Generally, the experience of management teams significantly affects business risks. The more experienced the management team, the lower the risk involved.
Financial Projections
Finally, provide a clear quantitative interpretation and projection of all the information you included in the different sections of your plan. This information should ideally come after all the other sections. Include your cash flow statement for the coming two to three years, balance sheet and projected profit and loss statements in your financial projections.
Remember, a good business plan is never completely finished. Review, revise and build upon your plan from time to time to keep it accurate and up to date.
How To Find Angel Investors For Your Business
A business small or big, irrespective of its nature always starts with some basic investment. The process of procuring investment is not new, rather has a huge history attached to it. Every era witnessed a different style of investment procurement. Earlier, people who had bulk money were entertained first and small investors were hardly a party to big shot companies. But with changing scenarios, the picture is no longer what it used to be earlier. Nowadays, small venture capitalists or angel investors give equal importance just like other industry big shots. Though, the amount invested by angel investors may be less, yet they serve as excellent vehicles to start a business.
Whether, you are expanding your small business or are looking into creating a start-up, you may need investors to help fund your endeavor. Though a small business loan is a good starting point. But, seeking investors allows you more access to funds which you generally do not have to repay on a set schedule. These investors become a party to your agenda and reap out profits what the business makes. However, it is not like investors will give you funding without expecting anything in return, and you may need to relinquish some control of your business in order to work with certain investors. The terms and conditions are liable to change with every business agenda.
As we say, nothing comes free of cost and has a price attached to it. Similarly, these angel investors may demand an ownership or shareholding in your company, if you are an entrepreneur. But, if we talk about the advantages of finding angel investors, they are multifold than going forward with huge investment companies or banks. Also, it is quite appropriate for angel investors to park their amounts in upcoming business models. This is a win-win situation for both the parties. It helps the investors to enjoy profits and make money, while proves outstanding for an entrepreneur to conceptualize his dream and introduce the product, technology or the business idea in the market.
There are many online websites which serve as excellent tools to bridge the gap between investors and entrepreneurs. If you have any business idea, then register yourself as an entrepreneur, while if you are interested in investing your money, then register as an investor. The website will definitely help lacunating the gap between the two parties. You can easily find investors for your business and vice versa. Go make money!