Atricle Dump - Business

How to Answer The Top 10 Interview Questions
Plan your answers to job interview questions ahead of time so you'll be ready to deliver them with confidence. Too many job seekers stumble through interviews as if the questions are coming out of left field. You can almost count on many of these job interview questions to be asked at your interview.What Are Your Weaknesses?This is the most dreaded question of all. Handle it by minimizing your weakness and emphasizing your strengths. Stay away from personal qualities and concentrate on professional traits: "I am always working on improving my communication skills to be a more effective presenter. I recently joined Toastmasters, which I find very helpful."Why Should We Hire You?Summarize your experiences: "With five years' experience working in the financial industry and my proven record of saving the company money, I could make a big difference in your company. I'm co

my business expenses on time when due
2 Can I pay my business expenses without touching savings
3 Can I pay my personal living expenses when required
4 Can I pay my personal living expenses without touching savings?
5 Are my personal and business accounts growing
6 Do i have enough money for holidays each year?
7 Do I have a debt free credit card?
8 Can I put some money into investment monthly?
9 Do I have a savings account that holds 10% of all monies that I earn?
10 Do I have enough money saved so I can survive for 6 months without an income in case of emergency?

Total no of yes checks ________ X 10 = ________ Divided by 1.2= ________ X 100% = ________ % chance of being in a crisis

If your

There Is Big Money In A Fund Raising Auction
If you need to raise some sizable funds for your favorite organization or charity then a fund raising auction is one of your best choices. This article will expose you to some great ideas and strategies for your next fund raising auction event.So Many Earning AvenuesOne of the major reasons why a fund raising auction can be so profitable is because you can add so many other events to the fund raiser. You might have spaghetti dinner or chili feed and charge so much per plate. You could combine the fund raising auction with a bake sale or any number of great food ideas.Get the Auction Items EarlyThe main draw back with a fund raising auction is the time that it takes to gather all the items that will be auctioned off. It is best to plan this type of fundraiser well in advance. You may even consider organizing it one full year ahead of time. This allows you an entire

(The 7 Powerful Steps To Reverse a Financial Crisis In Your Business - Part two)

Step 2. Step Back And Evaluate

Don't throw good money after bad. Remember that when you spend money on the product or for materials you can't get that back unless you sell it.

The rule here is that you never borrow money to keep your small business going. It has to stand on its own two feet. Money to solve financial problems can be injected if it is for a capital item that will over time produce improvement in profits.

Don't gamble! If you break this rule you do so at your peril. Do a financial analysis on your personal expenses and your small business. This is the starting point of any analysis.

Fill in "Doc 2" below with the view of completing every detail accurately that is applicable to your situation.

All answers should be a yes for each question if your business is sound. If not, follow the steps at the bottom of the financial analysis to find out what percentage of financial problem you are in.

Step 3. Cost Cutting

Cost is your greatest enemy. Look at unnecessary expenses and find every way to eliminate them.

TIP: keep emotions out of all decision making on this topic.

This exercise should be conducted whether you or your business has problems or not. Determine if your advertising works. An ad must recover its costs in sales and expenses or you shouldn't do it.

Step 4. Cash flow

A small business must have access to working capital. Some ways to enable you to do this may be:

Overdraft from the bank, Credit line from the bank using your business or house as equity, numerous credit cards, Fixed loans from banks, friends or relatives.

Step 5. Managing money through your bank account ("Doc 3")

This is the easiest way to manage a business's cash flow and profits. The system is broken up into four (4) bank accounts:

1. Business account
2. Business money management (overdraft) account
3. Tax and other yearly expenses account
4. Living account

Step 6. Other considerations

Has the business been given a reasonable chance to work?
Have I cut all unnecessary costs?
Is my business expanding?
Are sales or work coming in regularly

Step 7. Too Close Or Not Too Close

I never like hearing of a small business closing but sometimes it's best to close and start something else that has better possibilities.

If you've realistically cut expenses just to maintain a business and it still loses money each month and you can't see the possibility of improving your situation, close it down and start again.

However you had better learn from what you are doing now because the experience you gained on this business will be invaluable in evaluating and operating the next one.

Summary Even if you aren't in crisis, cut costs. You will enjoy making a lot of money instead of just surviving. If you are in crisis act quickly and turn the ship around.

DOC 2 CHECKLIST FOR FINANCIAL BUSINESS CRISIS EVALUATION

1 Can I pay my business expenses on time when due
2 Can I pay my business expenses without touching savings
3 Can I pay my personal living expenses when required
4 Can I pay my personal living expenses without touching savings?
5 Are my personal and business accounts growing
6 Do i have enough money for holidays each year?
7 Do I have a debt free credit card?
8 Can I put some money into investment monthly?
9 Do I have a savings account that holds 10% of all monies that I earn?
10 Do I have enough money saved so I can survive for 6 months without an income in case of emergency?

Total no of yes checks ________ X 10 = ________ Divided by 1.2= ________ X 100% = ________ % chance of being in a crisis

If your

Good Habits For Success At The Entry Level
When starting out in any career, it is obvious that all people don't perform at the same level despite having comparable educational qualifications. Aside from the acquired skills that we depend upon to perform at a work place, there are certain factors that we need to be overly attentive towards. These are aspects that we are entirely responsible for. There are numerous fine points and guidelines that guarantee success at the entry level itself. Though many people may start their work at a very basic level and climb the corporate ladder successfully, this is not a feat that is achieved by all. This is because at some stage, we tend to get bored and careless since the work has become routine. There are various good habits for success at the entry level that are simple to follow and can ensure small triumphs at the initial stages.Be DisciplinedOf course most people, after having acq

accurately that is applicable to your situation.

All answers should be a yes for each question if your business is sound. If not, follow the steps at the bottom of the financial analysis to find out what percentage of financial problem you are in.

Step 3. Cost Cutting

Cost is your greatest enemy. Look at unnecessary expenses and find every way to eliminate them.

TIP: keep emotions out of all decision making on this topic.

This exercise should be conducted whether you or your business has problems or not. Determine if your advertising works. An ad must recover its costs in sales and expenses or you shouldn't do it.

Step 4. Cash flow

A small business must have access to working capital. Some ways to enable you to do this may be:

Overdraft from the bank, Credit line from the bank using your business or house as equity, numerous credit cards, Fixed loans from banks, friends or relatives.

Step 5. Managing money through your bank account ("Doc 3")

This is the easiest way to manage a business's cash flow and profits. The system is broken up into four (4) bank accounts:

1. Business account
2. Business money management (overdraft) account
3. Tax and other yearly expenses account
4. Living account

Step 6. Other considerations

Has the business been given a reasonable chance to work?
Have I cut all unnecessary costs?
Is my business expanding?
Are sales or work coming in regularly

Step 7. Too Close Or Not Too Close

I never like hearing of a small business closing but sometimes it's best to close and start something else that has better possibilities.

If you've realistically cut expenses just to maintain a business and it still loses money each month and you can't see the possibility of improving your situation, close it down and start again.

However you had better learn from what you are doing now because the experience you gained on this business will be invaluable in evaluating and operating the next one.

Summary Even if you aren't in crisis, cut costs. You will enjoy making a lot of money instead of just surviving. If you are in crisis act quickly and turn the ship around.

DOC 2 CHECKLIST FOR FINANCIAL BUSINESS CRISIS EVALUATION

Total no of yes checks ________ X 10 = ________ Divided by 1.2= ________ X 100% = ________ % chance of being in a crisis

If your

Why Customer Service is Even More Important These Days?
Everyone knows that customer service is important. However, most are clueless about how customer service can have a direct impact in their lives. If everyone knows customer service is important, why do most of us only pay lip service to it or adopt a lukewarm attitude towards providing an excellent customer service?This is a true story that happened today.I walked into a well-known electrical store with full intention to cart back 2 standing fans that very moment. The spacious outlet was quite empty with just a few lingering customers browsing around; I thought the purchase would be a breeze. I was deadly wrong.I saw a suitable model but there were no sales consultants there. I looked at the customer service counter and noticed more than 10 sales consultants sitting or standing there, resting or chatting. I waved at them, and gesturing towards my ideal fan, the eager consume

Overdraft from the bank, Credit line from the bank using your business or house as equity, numerous credit cards, Fixed loans from banks, friends or relatives.

Step 5. Managing money through your bank account ("Doc 3")

This is the easiest way to manage a business's cash flow and profits. The system is broken up into four (4) bank accounts:

1. Business account
2. Business money management (overdraft) account
3. Tax and other yearly expenses account
4. Living account

Step 6. Other considerations

Has the business been given a reasonable chance to work?
Have I cut all unnecessary costs?
Is my business expanding?
Are sales or work coming in regularly

Step 7. Too Close Or Not Too Close

I never like hearing of a small business closing but sometimes it's best to close and start something else that has better possibilities.

If you've realistically cut expenses just to maintain a business and it still loses money each month and you can't see the possibility of improving your situation, close it down and start again.

However you had better learn from what you are doing now because the experience you gained on this business will be invaluable in evaluating and operating the next one.

Summary Even if you aren't in crisis, cut costs. You will enjoy making a lot of money instead of just surviving. If you are in crisis act quickly and turn the ship around.

DOC 2 CHECKLIST FOR FINANCIAL BUSINESS CRISIS EVALUATION

Total no of yes checks ________ X 10 = ________ Divided by 1.2= ________ X 100% = ________ % chance of being in a crisis

If your

Why Spending Your Whole Life Trying to Be Professional is a Dead End Game
So many people want to be respected by those they meet and they are so worried what other people will think of them almost to the point that they will do anything to look their best and be loved by everyone they see. This in fact is a losing game because it means you have to learn how to lie really really well.You have to pretend to be something you're not and you have to pretend that you agree with everyone you meet. You have to become an impostor and pretend for the rest of your life because once you start trying to pretend that you are professional you have to be careful that no one figures out the truth.Let me tell you a little story of a gentle man who is going to work with our company and he was a salesperson. He was the most impeccable dresser and he looked and talked like a million bucks. I asked him to meet me at a Starbucks and he was going to be awarded a huge contract w

I never like hearing of a small business closing but sometimes it's best to close and start something else that has better possibilities.

If you've realistically cut expenses just to maintain a business and it still loses money each month and you can't see the possibility of improving your situation, close it down and start again.

However you had better learn from what you are doing now because the experience you gained on this business will be invaluable in evaluating and operating the next one.

Summary Even if you aren't in crisis, cut costs. You will enjoy making a lot of money instead of just surviving. If you are in crisis act quickly and turn the ship around.

DOC 2 CHECKLIST FOR FINANCIAL BUSINESS CRISIS EVALUATION

Total no of yes checks ________ X 10 = ________ Divided by 1.2= ________ X 100% = ________ % chance of being in a crisis

If your

Hiring Great People And How to Be One Yourself: Five Secrets
Bad news.Your senior vice-president, your marketing director or your accounting department head has decided to retire, move to Okinawa or start his own business––and you’re left staring, horrified, at a polite letter of resignation. The timing couldn’t be worse. You’ve now got a vacancy to fill, and you need to do it...well, yesterday. Is there any ray of hope?There is. But first, let’s get one important fact out of the way: No one truly enjoys the hiring process, no matter how favorable the circumstances. It’s a nuisance, an irritation, a drain on both your time and energy. It can also be a professional land mine. No matter how savvy or perceptive a recruiter you may be, you’re treading the uncharted territory of some total stranger’s professional qualifications.Every executive can tell horror stories where, despite the best of intentions, he wound up saddled with a salespe

Total no of yes checks ________ X 10 = ________ Divided by 1.2= ________ X 100% = ________ % chance of being in a crisis

If your results are 15% or less chances are you have a good business. If your results are 16% to 33% you have a very good chance of tweaking your business to set it right.

However if the results are above 33% the chart below will tell you what you should consider doing in your business to rectify and bring it into the correct balance.

Percentage Action / Remedy

16% or more
Make some small adjustments to your business or personal finances

33% or less
Make some substantial adjustments to your business or personal finances

50% or less
Make some substantial adjustments to your business and personal finances

60% or less
Make drastic changes to your business, personal finances and delay all / stop spending and get advice

67% or less
Make drastic changes to your business, personal finances, delay all / stop spending and get advice

76% or more
Make plans to wind up your business and think seriously about your future in business and starting again

DOC 3 MANAGING MONEY THROUGH BANK ACCOUNTS

Priority Order and Account Name

1 Business Account
2 Business overdraft Account
3 Yearly expenses Account
4 Living Account

Purpose

1 Business expenses
2 Working capital for cash flow purposes
3 Tax and other yearly expenses account
4 Living account

HOW IT WORKS (with every dollar you receive)

1 Every cent goes into this account

2 A cheque is drawn from account no.1 to repay any moneys that were used to perform your project and cover all expenses for the project including wages, THIS ACCOUNT MUST NOT BE USED FOR/OR DRAWN UPON FOR ANY OTHER REASON

3 You bank your estimated tax % of the cheque you received from each job (usually it is about 20 - 30% of the profit)

4 A cheque is drawn to manage the household living (supported by DOC one in Part one).

BALANCE

1 Positive

2 Always leave neutral at the end of each month one month in arrears

3 Your work estimations should include the allowance for paying tax. This account will always be in credit.

4 You can spend this account at any time

Notes: In an Internet business this is a little easier to do than in a traditional business. These are the things you have to ensure so that the above can happen.

Firstly at the time of the job or business transaction that is accepted by a client, you go ahead and draw the cheques from the no 1 account. Hold them for banking until the customer has physically paid for the job.

Now this gives you the power to monitor the progress of the job. If you see for example that you are getting behind in time for the completion of the job, be prepared to stay and work longer on the job to keep within budget.

In addition to that be on the look out to cut costs of materials and products that have not been specified in the quotation price. In order to enable you to do this, you will have to make agreements with your employees and staff.

The agreement, (which should not be nego

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Different products need to be different brands with different names. However, the only thing common about this sense is that it's all too commonly ignored in the hopes of cheating risk and the possibility of failure.

Trying to figure our why your sales are not higher? Look to the specific behaviors of your front-line employees to see how you can change their performance to create more loyal customers.

The USA has three great female entrepreneurs - Dolly Parton, Ophrah and Martha - I think we can learn a lot from how these ladies have planned their business.

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