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Category Archives: General Business
Business Writing and Grammar Software
Just by simply reading the words business writing, it really makes us to think that this kind of writing must be in a formal and professional style. If you are a beginner and if you don’t know how to create a business letter of any form of business writings, then here are some points that you need not to forget in order to create make your business writing a successful one.
Generally, business letter are the most common form of business writing since it is very useful in delivering messages and negotiating business plans towards the concern people or business organization. It is very important in your professional or business career. Therefore you should learn the correct and proper way to write business writings. You don’t have to worry a lot since this is not that hard to learn.
Business letters are not the only form of business writings. Newsletters, memos, proposals, reports, power point, presentations, press releases, marketing brochures, copywriting, technical writing, web copy, blogging, resumes and job applications are also a part of it. It should be formal and properly formatted since your reputation is as stake. It may comprise different styles in writing but the writer needs to write concisely and clearly. Grammar are properly observed especially your spellings and punctuations. You also need to choose the right words in your business writing.
Organize your writings well and observe how your ideas are being jotted down accordingly. Although you need to use your skills in writing and your ability to present your ideas, you need also to study and research the things that you might include in your business writing. Writing has long been an important aspect of business. After all, most any project, proposal or agreement finds themselves in a written form one way or another.
Whether you’re a business owner or a professional dealing with businesses, getting your writing skills at a competent level is of equal importance. Despite voice communication technology (e.g. cell phones, VoIP) being at an all-time high, it’s amazing how much of our communication is still done in written form, from short IMs to casual emails to formal letters.
As such, the value of grammar software for organizations cannot be stressed enough. The last thing you need is to encourage potential miscommunication as a result of poor writing abilities.
Even more crucial, however, is your software’s ability to encourage a form of writing that is well-suited to businesses. After all, forms of English which may be considered acceptable elsewhere may not exactly prove a perfect fit for business-specific purposes.
What To Look For
When considering a language software to use throughout your organization, always consider the specific functionalities it offers directly targeted towards professional uses. From providing templates to facilitating proper writing style, evaluate it as much for what it offers to business writers, as much as for the art of writing in general. Many forms of business writing, after all, adhere to a strict format and structure, if you want it to fulfill the expectations of recipients and other professionals you correspond with.
It’s the business, stupid: bringing strategy tools into the practice of law
Law schools do not generally teach anything about business, as opposed to business law. As a result, lawyers learn about business legal forms and contracts, but nothing about the non-legal imperatives of running a business like corporate finance, marketing, or corporate strategy. Furthermore, as members of an inherently conservative profession many lawyers resist engaging in any topic that goes beyond the four corners of their legal brief (“I only give legal advice”).
This is highly problematic for business, because every legal problem comes within a business context, and lawyers who are not willing or able to understand that context cannot give good advice; Brandeis J.’s dictum is as applicable with respect to business knowledge as it is with respect to economics, and there remains a significant knowledge gap between the practice of law and the practice of business.
In some cases lawyers address this knowledge gap by specializing not only in a particular field of law but also in a particular industry, and in this way they develop industry expertise in substitution of more general business knowledge. At the same time the scale of the knowledge gap can be masked by the natural hubris of the legal professionâ€â€lawyers who are at the pinnacle of every information and decision making-tree they are associated with can suffer from the illusion of knowing more, not less, than their clients.
A great deal has been written about alternatives to lawyers billing by the hour, or lawyers working from home instead of at a desk in a big law firm, but in my view these topics are relatively trivial. A much more significant topic is bringing business financial and strategy tools into the practice of law in order to develop a multi-disciplinary approach to the delivery of legal services.
In a litigation context for example the focus of lawyers should not be on winning their client’s case but on solving the underlying business problemsâ€â€the disputes which were the reason clients came to them in the first place. One very simple example of this would be to compare the cost of litigation with the cost of buying the other side’s companyâ€â€if the two numbers bear some similarity then a rare opportunity for a litigator to participate in value creation instead of value destruction may exist.
Business clients want to know how much their case will cost, how long it will take, what the risks are, and the probable result. These four basis elementsâ€â€cost, risk, time, and reward, are the foundation of the financial analysis of any business proposal, and there is no reason why lawyers cannot make reasoned and reasonably reliable assessments of these elements in any given legal contextâ€â€the law is no more uncertain than many projects undertaken by business, and in many cases is substantially more certain.
Once we have attached numbers, or a range of numbers, to the four elements then we can financially model them the same way we can model any other business proposal. We can start with a simple spreadsheet comparing cost to risk-discounted reward, or add time to give a net present value calculation (which will show how high the reward would have to be to justify the risk over time, all other things being equal). Nor does it stop thereâ€â€we can go on to decision tree modeling to assess the value of certain choices and options, and use sensitivity analysis or tornado diagrams to identify the assumptions in the model around which most of the risk in the model revolves; this in turn allows us to go back and further assess the assumptions.
I am aware of no lawyers anywhere in the world who consistently adopt this multi-disciplinary approach in their practices. Discovering such lawyers, and developing a framework with readers to put some flesh on the bones of this theoretical multi-disciplinary approach, is a key objective of this Journal.
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Are You Looking For Business Receivables And Buy Out Partner
Individuals looking for business receivables are usually referring to a business’s accounts receivables, an asset account that tracks the money owed to a business. Companies usually allow frequent customers and purchasers of large quantities of goods to pay on company credit. Customers usually have one to twelve months to pay off their accounts, depending on the amount owed. Some businesses also provide small percentages off accounts that are paid within a short amount of time to increase their cash flow.
When recording an addition to the accounts receivables, individuals must debit the receivables and credit the revenue account. Once a customer’s balance is paid off, the receivables must be credited and the cash account must be debited to balance the ledger. The receivables account is considered an asset because it is a record of money legally owed to the business. Therefore, businesses must be prepared for customers who may fail to pay their balances on time. Businesses can charge late fees to these accounts. If customers continue to not make payments, a business has the right to contact collection agencies and lawyers.
Because accounts receivables, sometimes referred to as business receivables, are considered assets, businesses may use them as collateral for loans and other financial options. The most common method of using receivables to obtain funding is through factoring, which allows a business owner to sell its accounts to another company for immediate cash. A business only has to process credit card orders to qualify for factoring.
Looking for buy out partner generally refers to entrepreneurs searching for information regarding buying out the shares of a business partner. Partners may decide to leave a business if they retire, relocate, disagree with other business owners, or otherwise are unable to contribute to the business.
The first step to buy out a partner is to determine how much the partner’s share of the business is worth. To settle this dilemma, many partnerships compile and sign partner agreements that set a pre-determined price in the case of a buy out. For businesses who do not have partner agreements, the value of the partner’s shares may be determined by the business’s current market price or the amount invested by the partner.
Once a price is settled, the individual buying out the partner must find capital to finance the buy out. Capital may be obtained from family, friends, investors, or financial lenders. Although most lenders do not provide funding specifically for buyouts, they do offer loans for general business purposes. Most buyouts require large sums of money, so it may be difficult to obtain the needed funds from a lender if a business owner does not have a stable financial history or collateral. Therefore, some business owners may seek out another investing partner to buy the shares of the partner who is leaving the business. With this method, the individual does not have to obtain additional funding by basically replacing the partner who is leaving.
Looking for Business Receivables
Looking for buy out partner
How local business directories lead to a win-win situation for customers and businesses
The contemporary scenario is characterized by cut-throat competition in all spheres of life. Be it personal or professional life, no one wants to be left behind. Similarly, we need to struggle for establishing our presence in the business world. Local business owners utilize various strategies for promoting their services and products. For example, if you intend to do business in Australia, you need to get yourself registered with an Australian Business Directory. Therefore, listing in a local business directory remains the best alternative.
The introduction of business listings in local directories has given immense exposure to businesses. Every customer searching for a product of your category would come across the name of your organization. Therefore, the listing would offer compelling benefits that pay back in the form of profits and business volumes. Moreover, your business is capable of leveraging on the benefits of free outbound marketing with unparalleled propagation volume. Generally, business directory listings focus on business entities in a particular area. However, the listings are acknowledged all over the world. This allows your competitors as well as customers to locate your business easily. Apart from this, business directory listings also provide an economical alternative to the other forms of marketing that entail a considerable expenditure.
Business directories are also popular among people because it helps them find businesses that address to their requirements. Just imagine whom would you call if a water leak takes place in your house! At that very moment you think of referring to a business directory that provides you with a list of plumbers in the vicinity of your residence.
A few decades back, business listings were limited to Yellow Pages, Specific Industry Directories and Regional/ General Business directories. In the present scenario, all the three directories are available on the Internet. Listing a business often brings the targeted traffic to your website. This improves the overall search engine ranking of your website. The leading search engines like Yahoo, Bing and Google rank a website on the basis of link popularity as well as various other factors.
Any competent local business directory would provide you with a live link to your website. This offers a two-fold advantage. People might click on the link thereby increasing the number of people that visit your website. Moreover, search engines consider every incoming link to your website as a vote for your website. An increase in the number of incoming links definitely improves the search engine ranking of your website!