Business plan software is something that often gets overlookedand isn't considered to be a necessity for some reason. In myopinion, business plan software is essential, it is not a luxury.I am a huge advocate of business planning. When people ask me ifthey need a business plan, my response is, "Absolutely!" You see,starting a business without a business plan is akin to startingcollege without a degree plan. If you don't know where you aregoing,...more
As a leader, your success depends upon your ability to get things done: up, down and across all lines. To survive and succeed, you must learn four essential skills of persuading people. You must convince others to take action on your behalf even when you have no formal authority.Persuasion is an essential proficiency for all leaders, requiring you to move people toward a position they don't currently hold. You must not only make a rational...more
How do you convince leaders to change? Executive coaching offers a tremendous opportunity to leverage the talent and resources of leaders. Coaching is no longer reserved for problem leaders. It is frequently sought by top performers whose organizations value their growth potential. But not all coaching is the same.Establishing Ground RulesHere are five principles that should be clarified at the outset of the coaching process. In the beginning, coaches must clarify the ground rules with the executive they will be coaching, as well as with the sponsoring organization.1. Confidentiality, expectations and commitment: The coach must be clear about what will be shared with the leader's boss and what will be kept confidential. Aligning coaching goals with the organization's objectives is crucial.2. Reporting relationships: There must be clarity among the organizational contact (boss or HR representative), coach and leader.3. Methods of information gathering: Key stakeholders, team members, direct reports and others involved will be contacted by both the coach and the leader.4. Making judgments, setting objectives and monitoring progress: The coach helps the leader and key stakeholders...more
The business enterprise has two, and only two, basic functions: marketing and innovation. It is not necessary for a business to grow bigger; but it is necessary that it constantly grow better. - Peter F. DruckerThe organization that fails to continually innovate new products and services will not survive long. But not all innovations produce...more
How do you help leaders succeed? Give them some coaching, that's the widely accepted solution. Then why do some executives give up on coaching programs designed to help them improve?Executive coaching offers a tremendous opportunity to leverage leadership talent and resources. Coaching is no longer reserved for problem leaders. It is more...more
Small Business Administration (SBA) loans are provided to loan seekers under section 7(a) of the Small Business Act. This Act gives power to the Agency to sanction loans to American Small Businesses. Founded on July 30, 1953, the U.S. small Business Administration has provided loans, loan guarantees, contracts, counseling and other type of assistance to small businesses. Most American banks and non-banking lenders participate with SBA in 7(a) loan program.SBA loans are provided to the borrowers against a guarantee for a percentage of loan amounts, if deemed necessary by the SBA loan providers. In case of default, the Agency is, in no way responsible to pay the entire amount - it only reimburses the guaranteed amount to the commercial lender. The borrower is obligated to pay the entire loan. The Government or the Agency (SBA) can neither offer loans as it does not have resources nor can it compel the lender to provide the loan. A loan applicant should contact the lender directly and not SBA.Loan seekers repayment ability is the top consideration in sanctioning these loans. Other important considerations like good character, management capability, collateral and business owner equity...more
Many businesses have long used the services of a conference call company to spread their message to the investment community, where investment professionals could hear many firms in several days. To accomodate those who couldn't travel, the...more
We are in the best of times and the worst of times for MLM . . . Jobs are scarce, and many people are facing employment insecurity. Time freedom and income freedom, which used to give us our "sex appeal" as an industry, have shifted in their...more
The business world is changing and your company must catch up. Consumers are driving the quest for information and personality. Customers are demanding to trade their hard earned cash for prompt, reliable, trust worthy and friendly services. ...more
What Is MICR?Here's a concise guide to MICR and associated technologies.By Charles KatzMagnetic Ink Character Recognition (MICR) was developed to utilize the benefits of computer technology in the banking industry. Prior to the use of a MICR line,...more
Have you started receiving credit card debt settlement notices in the mail? Have you been receiving collection calls? If this is the case, you have probably been in debt and been dealing with financial difficulties for quite some time.Creditors are...more
Before you decide on taking payday loans, make sure that you fully understand what it entails. Let us understand what exactly what payday loans or a cash advance loan is. Payday loans, as its name indicates, is related to your pay and payday. With...more