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Category Archives: Business

Quick Financial Choices When You’re in a Jam

From billionaires and celebrities to CEOs and the average employee, everyone has fallen on hard times that resulted in the need for a financial bailout. A business deal has gone wrong, a high-paying gig that fell through, an unexpected home repair, or a physical injury could result in a loss of cash that devastates your finances and requires time to recuperate from. A small loan could essentially tide you over until you’re back on your feet, but knowing where to look is often the first challenge.


One of the first places people turn for financial relief is their banking institution. Banks offer personal and other forms of loans to eligible customers. These applications can be completed online or in person but can take a few days for approval and deposit. To be approved for a bank loan, you’ll likely be required to have good credit, verifiable income, and collateral. Depending on your creditworthiness, you could be approved for several thousand dollars.

Cash Advance Loans

For those with no credit, poor credit, low-income, or no collateral, getting approved for a bank loan could prove difficult. There are other lending options to consider, however. Cash advance loans are short-term personal loans for individuals who don’t typically qualify for a bank loan. With no credit check necessary, applicants only have to be 18 years old, have income, and have a valid checking or savings account. The application can be completed online and approval is determined within minutes. The funds, if approved are deposited within 24 to 48 hours.

Retirement Accounts

Those who have a pension or retirement savings account may find it beneficial to borrow from the account to cover financial emergencies. Often applied for through your employer, you can be entitled to borrow as much as half of your total savings balance. You are required to pay it within a few years and payments are usually deducted from your paycheck. What must be considered when applying for a retirement account loan, however, is that should you get fired or skip payments, you will be required to pay the loan in full to prevent being charged early withdrawal fees from the IRS.

Friends and Family

If you’re looking for a lender that doesn’t conduct background checks and probably won’t ask for interest or turn you down, then friends and family may be able to help. Asking a few people closest to you to borrow a few hundred dollars often works if you haven’t done it too much in the past. Keep in mind, however, though they are your family and friends, they have bills to pay too and will eventually need the money you’ve borrowed. Therefore, you shouldn’t procrastinate on repaying the loan simply because you know them. This could also cause a rift in your relationship.

Financial mishaps happen to everyone from the rich and famous to the middle class and working poor. When there’s trouble that spans far beyond your budget, having a financial resource to turn to can resolve the matter quickly. Be sure in either of the above-mentioned situations, that you borrow responsibly and repay the funds in a timely fashion to avoid further negative consequences.


In China, Education is the base of Business

Why interest in widespread instruction bodes well

A month ago, interest in worldwide instruction went to the fore at the UN Global Compact Leaders Summit in New York. Business pioneers need to know where future ability and clients will be, and training has turned into the hotly debated issue. At the point when four vast organizations from the vitality, media, administration consultancy and toy fabricating areas gathered a board on worldwide training speculation, the jam occupied with the full hour and a half dialog. Strangely, the room was filled not simply with those whose training interests are self-evident (tech, distributing, counseling) yet in addition a spread of agents with medicinal services interests and different parts of common society. Dialog concentrated on the best way to put instruction at the focal point of business speculation, and how to gauge results and check advance.

Today, few issues are more vital to fruitful business than instruction. In the Global Compact’s 2013 Global Corporate Sustainability Report, organizations encourage this themselves, distinguishing training as a best need for the private part to address. In another worldwide study of more than 1,000 CEOs, just about 30% said that ability requirements shielded them from seeking after market openings, and that number hopped to more than half among business pioneers in nations that have a place with the Association of South-east Asian Nations.

It is obvious that training enables people of all ages. Instructed kids can create enduring abilities in numeracy, education, critical thinking and basic considering. Notwithstanding this acknowledgment, more than 57 million offspring of grade school age do not have the chance to go to class notwithstanding for a day. As an extra worldwide issue, notwithstanding when youngsters and youth go to class, an excessive number of are not learning essential aptitudes. For instance, 250 million offspring of grade school age can’t read or compose; huge numbers of them even subsequent to putting in four years in school.

Giving all youngsters essential instruction, and raising learning principles would have transformative and sweeping effect for both neighborhood groups and organizations. Financial development in low-salary nations could develop by 2% every year. Other research demonstrates that for each $1 put resources into a tyke’s instruction, there is a $53 come back to an organization toward the begin of business. Instruction offers change in handling a talented workforce, raising efficiency and business development, and expanding singular wages. Besides, only one extra school year can expand a lady’s profit by as much as 10 to 20%.


While giving fundamental training is, and ought to remain, basically government’s obligation, business can assume a basic part in quickening truly necessary advance for better access and quality instruction for kids, youth and grown-ups. However late examinations have demonstrated that business interests in worldwide instruction are little, here and now and unco-ordinated. As an examination, the worldwide wellbeing division gets 16 times more corporate help than training. What’s more, current instruction speculations are regularly coordinated towards kids and youth in center wage social orders with couple of activities profiting the most minimized.

The Global Business Coalition for Education (GBC-Education) was made in 2012 to react to these problems that need to be addressed. As an activity arranged association, its individuals have focused on cooperating to quicken advance to convey quality instruction for the world’s youngsters and youth. The coalition’s 20-part organizations speak to the absolute most powerful worldwide organizations over a few areas. They are putting resources into training by utilizing center resources, social speculation and generosity, and additionally through organizations and aggregate activity. For example, part organizations are putting resources into essential instruction in Nigeria – a nation with more than 10 million kids out of school – by utilizing broad communications and portable innovation to achieve groups the nation over and for instructor preparing.

Speculators in instruction do best when they comprehend the substances of national and nearby governments. For instance, Hess Corporation and the administration of Equatorial Guinea set up the Programa de Desarrollo Educativo de Guinea Ecuatorial (PRODEGE) program, to enhance access to quality essential instruction, a distinguished national need. Hess adjusted PRODEGE to government needs and put resources into the limit of service of instruction representatives to support the task’s drives over the long haul. Since 2006, the activity has had noteworthy effect in nearby groups and crosswise over Equatorial Guinea. In a nation of a little more than 700,000 individuals, it has guaranteed more than 900 elementary teachers and restored 54 schools to serve 3,200 understudies.

Besides, instruction speculations must be affect driven. Revelation Communications led the Discovery Learning Alliance, a non-benefit association that teams up with schools far and wide to build up learning focuses that upgrade 21st-century aptitudes and the successful utilization of media for learning. The association assesses learning results through free offices and utilizations the outcomes to drive development. Assessments indicate 10% to 20% upgrades in understudies’ comprehension of center subjects, and as much as half in showing adequacy contrasted with comparative, close-by schools.

source :

  1. Guardian 
  2. Example of IB education Program
  3. elearning is Booming in China 
  4. Brookings

Elements Of Business Planning

Creating a Marketing Plan

Similar to a business plan, the marketing plan spells out how you will market to new customers and retain current ones. The marketing plan should identify your target customers and develop a strategy to reach them effectively. Your marketing plan usually includes market research that gives you a profile of the ideal customer. As with your other plan, it is important to identify any strengths, weaknesses, opportunities and threats that may affect your company’s operations.

Your marketing efforts do not have to be expensive. In many cases, companies that don’t have marketing plans spend more than is necessary to reach their customers. With a plan that will spell out the ways you will market your company, you will save money and energy on your business marketing efforts. Creating an effective marketing plan is one of the most crucial elements of planning for your business.

Succession Planning

Unless you plan to run your business for your entire life, you will need a plan of succession. If you are the only person who can run and operate your company, it is doomed to fail when you can no longer run it. Create a plan that will spell out what steps will be taken to either sell your company or hand it over to another manager. Develop a system that allows your business to be run without you. An operations manual that details the key components of running your company is the first step in succession planning. Consult an attorney about the legal aspects of either selling or transferring ownership of your company.

Business Plans Don’t Get Funded

1. The marketing strategy shows the business lacks competitive edge in its industry or the business lacks a robust marketing strategy and is likely to fail.

2. The management team is inadequate and in some cases lack the competencies required for business success.

3. The business strategy is unclear with the risk of exposing the funder’s capital to losses.

4. Financial projections are based on a rather optimistic assumptions, which when stress-tested show that the business will fail if the most likely outcomes in the marketplace materialised.

Unless your business has a plan to address all the above problems if they emerge in your business you are guaranteed to fail in your bid to raise funds. The reason is simple; the business plan is a management tool that funders use to carry out their due diligence on businesses that need their hard earn cash. Funders have a range of tools that they use to assess the viability of a business for funding and sadly many small businesses are clue-less about these evaluation techniques for funding decisions. This means that many businesses are not investment ready when they approach a funder and are shocked that their time and money producing the business plan has been wasted. Unless small businesses understand how they are evaluated for funding, the risk of businesses being unable to raise finance for growth even with the proliferation of government backed loans will continue to increase.

In conclusion, before you as a business owner or manager approaches lenders or investors for funding, you are advised to ensure you take on board the points I have shared in this article with you, very seriously. If you are challenged with the technical details of business planning, by all means, seek professional help from experts, as you are more likely to obtain the funding you need, with the right business support solution than attempting to go it alone and be faced with rejections.

Tricks Writing a Business Plan

A business plan works to convince individual or institutions for investing money in his business or loaning money. Sometime the plan writing is more important than the plan itself. While attempting to write a plan, the businessman’s strategic foundation should be identified first. This strategic foundation explains about the type of business he wants to start or which type of firm he wants to establish. It also indicates the basic elements that are needed to start the business firm. One can predict about the future condition of the company by the plan on his business. In the plan, the main products and the information on the clients should be written down in detail. To get more idea about it the business man can contact with business marketing consultants who can help him.

The planner can be able to declare the financial conditions and financial goals of the company by the help of written form of the business plan. A businessman must think about the present and the future conditions, which mean that he must analyze recent conditions as well as the upcoming needs. He should categorize the ideal and awful clients so that he can take steps to attract the best clients, at the same time to refuse the others. A business plan should be written in brief way so that he won’t forget any topic or information.

Writing a business plan proves the deadly seriousness of a businessman. It is very important in acting as a guide in different stages of the business. While writing a business plan one should follow some criteria which make the plan more effective and work worthy. To set up a unique business goal that is verifiable. The main purpose of writing the plan is to notify the specific goals or plan that a company is going to perform. It will guide the businessman to take decision himself as well as it will explain his plans on business and aims to anyone reading his plan. It also states the long term objectives of the business.

The plan must be realistic in every aspect. It includes the time line, market analysis, specifies projected expenses and revenues, and creates an accurate forecasting. One must keep his plan simple, easy and clear to be understood easily. If the language is difficult and inflate for impressing the customers, it may affect in reverse way. It may be confusing for the businessman himself. It should be very easy and naturally described without any excess verbiage. It should be in proper tone so that the reader can response and react positively to that tone. One must consult with some of the institute concerned with the business sector. These firms and organizations help you to take proper decision at the right time. Consulting institutes such as business consulting firms, business technology consulting, business plan consultants, organizational consultants etc. They help and give you the proper guideline in every aspect and decision. These types of firms summarize the plan and efforts that is effective for the company.

One must write a plan staying along the lines of traditional business plan format. Creative thinking is always appreciable, but to make yourself look more professional you must go with the guide of a tested business plan template. This may organize the plan into a well structured data and document.

One must clearly state and define the main purpose of the business plan. Similar to the identification of the goals of business, the writer must identify and specify the goals of the written business plan. It will help to secure the financial backing from the investors.

Once the plan is ready for the inauguration of the business, the businessman should decide his priority. These priorities will make the success in business easier. The main contents of writing a business plan are given below:

Cover sheet
Statement of purpose
Table of content
The business
-Description of business
-Operating procedure
-Business insurance
Financial data

Business Planning for Women

One area that has been identified as a significant factor limiting the success of women in business is a lack of business planning.

Many women entrepreneurs and small business owners fail to set aside the time to develop (and regularly re-visit) their business vision and strategy. As the old quote goes, ‘if you fail to plan, you plan to fail’. It is generally agreed that if you want your small business to succeed, you have a much greater chance if you have a clear vision and an action plan for bringing that vision about.

So what stops women who are starting a small business from developing an inspired and effective business plan?

After all, we know that we should have a business plan but despite the best of intentions to succeed in our business, many of us don’t! Why is this? What is it that stops us sitting down and writing a clear plan and strategy for our business, especially when we know that we are more likely to succeed if we do it?

We believe it is partly because writing a business plan is boring! Let’s face it, it feels like a chore so we don’t do it. We may get the resources together that we need, we may even get part of the way through writing it, but it is the rare few that actually complete a comprehensive business plan outlining a clear vision, strategy and action plan for their business. Often, we are chomping at the bit to get our product or service out into the world and figure we can simply skip the boring planning bit altogether right? We can certainly relate to this feeling because we struggled with business planning in the early days – we gave it a try but never seemed to get further than a few pages in!

It is our view that traditional models of business planning do not cater for women in business!

We believe that traditional models of business planning and strategizing don’t recognise that women in business have a life outside of work – that they have a partner, friends and family to think about and are not prepared to compromise on health and relationships to have a successful and profitable business. Women today want the best of both worlds; we think it is possible and that they deserve to have it!

Conventional business planning and management approaches are grounded in the belief that work and personal life should be kept separate, a task impossible for most women today. This makes it very difficult for them to create and sustain a business that acknowledges their business ambition AND empowers them to bring about great relationships and a healthy and balanced lifestyle for themselves and their loved ones.

So how can business planning be tailored to meet the needs of women in business?

Whether you are starting out in business or you are well-established, we encourage you to prioritise business planning in order to ensure a strategic approach to business growth and success.

  • Set aside the time and space to make this happen in your business now.
  • Acknowledge that traditional models of business planning may be a great starting point, but that they may not address your needs as a business woman who also values health, relationships and having a life outside of work.
  • Think outside the square and discover ways to plan your business that relieve stress rather than increase it. Look for tools that empower you to bring all aspects of yourself to the planning process – personal and professional – because the reality is that for women in business the two are intertwined and to be successful in one you must pay attention and care for the other!
  • Get creative in your approach – both to the process of business planning and also to the way you can incorporate the other aspects of your life into your successful business strategy.
  • Take action to implement your strategy so that it comes to life for you.
  • Commit to re-visiting with your business plan on an ongoing basis to ensure.

External and Internal Plans

External business plans

When a business plan is prepared for an external party, it should be focused on what the external party requires. Very often external business plans are prepared for people who are providing capital or finance to the business. However, this may not be the only reason. You may need to prepare a business plan for a community organisation or a council so that it outlines the impact of your business on the community. This will have a different focus to a plan that is prepared for a financier.

More specifically, external business plans are often prepared for parties that you would like to invest in your company. If you are preparing a plan for an investor of this category, you need to think clearly about what that investor wants to see in your plan. If it is at all possible, ask questions and understand exactly what the investor wants to see. Leaving this to chance is often a fatal mistake. Don’t try to guess the needs of your reader. Find out.

I would also warn you about putting too much detail in an external business plan. Keep it to the point and keep it focused. Don’t stray into reams of detail on the chance that your reader wants to know this. Further detail can be supplied at a later time. However, if your reader wants the detail, go ahead and write all the pages that you need.

In the opinion of some commentators, the executive summary carries about 95% of the importance to the reader. I think this is a bit overstated, but it is important that your executive summary outline very clearly the benefits to the reader. Your executive summary answers the question “Why should I read this plan?” So make sure you get the “What’s in it for me?” points into the executive summary.

Internal business plans

On balance, I think internal business plans are the most important. This is a document that dries your business forward. An internal business plan summarises what you and your team are actually going to do to improve your business and achieve your goals. No one need see what is written in this plan except those people who are directly involved in carrying out the plan. You may choose to show it to a wider readership, but that is your choice.

While the internal business plan will contain elements of what is in an external plan, the internal plan will be solely focused on trying to achieve the goals of the owners of the enterprise. What are the precise financial goals? How many locations will you operate from in five years time? When will the business be sold? How will production efficiency be improved by 15%? How many people will you employ at the end of next year? And so forth.

In my view, an internal business plan is only of use if specific tasks are assigned to specific people to be achieved by a specific time. Also, there must be constant follow-up of these goals. No progress is made until people know exactly what they have to do and by what time and they need to be accountable to the plan.

Plan For Profit

1. Introduction: The plan’s introduction is where your business explains the service and/or product you will offer. The introduction will make the business stand out, above any other potential threat to offering the same or similar service.

2. The Business: This section of the plan will describe the board members, key players, and a brief introduction or summary about the company history. There will be discussion on percentages of ownership, how many employees there are, and where the company is located. If this is a new business, this section will be brief; but if it a free sample business plan and outline of a company that has been in existence, this section may cover past successes and achievements.

3. The products and services: This section of the free sample business plan is a detailed description of what product and/or service is offered. Specifics in this part of the free sample business plan are the key. For example, instead of the free sample business plan reading “ABC offers clothing”, the plan would state, “AMC offers designer children’s clothing for children ages birth to 8 years old at highly discounted prices”.

4. Market: This section of the sample plan will analyze (both informally and formally) the targeted market, if it is a niche market, and what community need the company will fill. At this point in the plan, you should use statistics, percentages, and detailed figures to support your statements.

5. Financial & Budgetary Analysis: The financial & budgetary analysis section of the sample plan will be an outline of profits, income, and expenditures of an organization already in existence. As a business just starting out, the section will be projected costs and expenditures, as well as profit projections. This is a great way for a business person to assess and visualize the venture is worth it. In other words, if it will not cost more to get started/operate than the money it will bring in.

6. Company Highlights: The free sample business plan will also include a section for you to look at that will have miscellaneous highlights of the company. The free sample business plan will list such highlights as: a mission statement; value statement; keys for success; desired outcomes; etc. All will show and prove why and how the business will be profitable.

7. Table of Contents and Index: The table of contents will guide you through the plan to find exactly what you are looking for. This is both visually appealing for the plan, and will help those looking at your plan (potential investors, banks, partners, etc.) move through it easily.

Grow Business With Business Plan

• Do some dreaming about what you would like your lifestyle to be
• By dreaming decide on an average income you would like to have over the next few years
• Decide how many years out you would like your plan to cover
• Decide how much profit you would like for your business to generate above the income you want for yourself.
• Set up a profit and loss statement of your existing business or your proposed business
• With the right business knowledge and a profit and loss statement you can actually use that data to see what your business would need to do for you to give you that income and profit
• Even better you can determine what size market you would need and even determine whether your market would support your business presently and in the future.

To me a small business is one of the best things you can have if you enjoy operating a business; however, it does require a lot more than just enjoying ownership and running a business. Especially if you are starting a small business and even if you have had a business for many years, you should know what you want for your future. Never guess about your business. You see, without a plan, you are just guessing. We business people work hard and we always continue to hope for the best but when we guess, we’re taking a lot of risks. You’ve probably heard the old saying from an unknown author that says, “If you fail to plan, then plan to fail.”

As a matter of fact, did you know that the Small Business Administration says that 50% of small business owners will fail sometime during their first 5 years? There are lots of reasons but one big one is that owners don’t have a plan. Another is they have picked a product or service that doesn’t have a big enough market to sustain their business and sometime during their future they will run out of customers.

Now as I said, there are many other reasons too.

After graduating from college, I started out in manufacturing as an engineer in a pretty large company and now, 45 years later, retiring as a of Director of Manufacturing, I have discovered an awful lot about business. Not only did I learn and teach a lot about business, I worked with small business owners as well. I’ve learned that it comes down to this. Too many owners work hard in their business but less on their business.

Do you work on your business as much as you work in your business? Do you ever dream about having a good lifestyle but just haven’t quite figured out what to do about it. Have you ever thought about seeing what your business would need to do to give you those dreams? Developing a growth business plan could be the answer.

So, why should you make a growth business plan? Well in simple terms you need to know where you’re going and how and when you’re going to get there.

Some of the questions a growth business plan might ask you are:

– Are you comfortable that the market wants and is willing to buy your product or service?
– Is your product or service priced so it is competitive in your market?
– What’s different about your product or service? Why would a customer purchase it over someone else’s?
– Is your market big enough to support your business? What about 15 years into the future?
– If you wanted a better lifestyle, what would your business need to do to give you that lifestyle?
– How much sales would your business need to generate to give you that income?
– How much sales would your business need to generate to give you the income you want 15 years into the future?
– What will be the cost of your labor and material?
– What will your expenses run?
– How much will it cost to overcome the capacity constraints that will occur as your business grows to meet your income requirements?
– Will your profit give you the income you want in the future and at the same time maintain a healthy business for you as well?

If you develop a good Profit & Loss Statement for your existing business for the current year or for the first year of your proposed business, you can use this data to actually project how much sales you would need to yield the income you want and the profit margin you want. You can plan ahead as far as you want. Sound impossible? It’s actually pretty simple and can be pretty accurate plan.

A plan like this would show you how much sales your business would need to do, what your fixed and variable expenses would be, what your material cost, labor cost and profit would need to be to provide the income and profit margin you want. You can see pretty quickly if it’s possible for you to get your business to that level. I don’t know of any better way than to have your business give you the income and profit you want. What’s neat is you can determine what you want your income to be and your profit to be over the next few years and develop a plan that can show you exactly what your business would need to do to give you that income and profit.

Creating simple Business Plan

Let’s start with the basics. A business plan is a tool with three basic purposes: communication, management, and planning. As a communication tool, it is used to attract investment capital, secure loans, convince workers to join and assist in attracting strategic business partners. A complete business plan shows whether or not a business has the potential to make a profit. It requires an honest look at almost every phase of business and allows you to show that you have worked out all the problems and decided on potential alternatives before actually launching your business.

As a management tool, the business plan helps you track, monitor, and evaluate your progress. The business plan is a living document that you will modify as you gain knowledge and experience. By using your business plan to establish timelines and milestones, you can track your progress and compare your projections to actual achievements.

As a planning tool, the business plan guides you through the various phases of your business. A thoughtful plan will help identify obstacles so that you can avoid them and establish alternatives. Many business owners share their business plans with their employees to cultivate a broader understanding of where the business is going.

All three of those purposes are important, but be sure to particularly remember the management and planning aspect. That ensures that you are actively involved with executing your business plan and tracking the goals you’ve set out to achieve.

In Focus: The Useful Business Plan
In order to be a truly usable tool, a business plan should be a work-in-progress. Even successful, growing businesses should maintain a current business plan. It doesn’t need to be fancy, complicated or difficult, it just needs to be clear and manageable.

Remember, your goals are to show your expertise in your business, to “sell” your business to prospective customers (such as investors and employees), and to design a management tool that works for you.

Every successful business plan should include something about each of the following areas:

1. Executive Summary

2. Market Analysis

3. Company Description

4. Organization and Management

5. Marketing and Sales Management

6. Products and Services

7. Financials

8. Appendix