How To Create A Business Succession Plan

gdjyjFor many small business owners, maintaining positive cash flow and a stable balance sheet can be an ongoing battle that consumes virtually all of their time. Even retirement often seems like a distant speck on the horizon, let alone plans to hand over the business. However, establishing a sound business succession plan is beneficial for most business owners and can be absolutely necessary for some.

Tutorial: How To Write A Business Plan

For business owners that are at or near retirement, the issue of succession cannot be ignored. This article will take you through the steps you’ll need to take to create a successful succession. (To learn about other retirement considerations, see Managing Income During Retirement and Life After Retirement.)

Picking a Successor Isn’t Easy
Many factors determine whether a succession plan is necessary, and sometimes the logical and easy choice will be to simply sell the business lock, stock and barrel. However, many owners prefer the thought of their businesses continuing on even after they’re gone.

Choosing a successor can be as easy as appointing a family member or assistant to take the owner’s place. However,

Top Tips for Getting to Know Your Clients

xgkhilConducting an effective, initial client – advisor interview is an essential part of any advisor’s job. It not only helps the advisor in terms of understanding the main objectives a client is looking to achieve out of the relationship, but it can also illuminate how to best serve those needs to come up with an integrated wealth management plan. By the end of such an interview process, the advisor should be able to get a better picture of the client’s financial goals and values, which can be done by asking the right questions.

Some advisors may try to get away with simply handing clients a questionnaire to fill out. At the outset, this approach may seem less time consuming and just as effective. But it can often result in the advisor missing out on some of the key issues that aren’t likely to show up in a client’s written answers.

The client may also be more inclined to withhold information that feels too personal or difficult to write down on paper. That’s why it is often better to simply meet your client in person at the outset.

5 Ways Your Small Business Is at Risk for a Cyber Attack

fgjgukDue to the relatively small size of their businesses alone, many small business owners think they are immune to computer attacks. They figure they are too small to be on the radar screen of the bad guys. But that way of thinking can be dangerous. Small businesses are a prime target for computer hackers largely because their guard is down.

According to a 2013 survey by the National Small Business Association, 44 percent of small businesses have been the victim of an attack. What’s more, 60% of survey respondents said they are somewhat concerned about cybersecurity issues, and one in four have little to no understanding of the security threats their business face. (See also: How can a company reduce the unsystematic risk of its own security issues?)

But what small business owners may not realize is that the cost of a cyber breach is going to typically be in the thousands of dollars range. The National Small Business Association pegs the average costs for a cyber attack at $8,699.48. Of those small businesses whose bank account was infiltrated, the average loss was $6,927.50. And that doesn’t

Are Alcohol and Spirits Sometimes Beneficial for Health?

No one is going to dispute that alcohol is good for your health, but it is conceivable to make healthier choices. Which are high in carbohydrates? Which have nutrients, which do not have at all? Which have fitness benefits? Here is a useful guide to how different types of alcohol heap up health-wise so that even on the durable nights of merriment, you will make smoother decisions.


According to Adam Quirk who is the Co-Founder of a spirits distillery, wine is the most calorie responsive alcohol choice. One jot contains 20 calories, and one five jot glass of most kinds of wine generally contains 100 calories. Nevertheless, he warns that dessert course wines may be to some extent more, as they are much sweeter. According to some studies report, wine also comprises of antioxidants, which may be good for your heart. Various researches and studies show that the antioxidants in wine increase good cholesterol (HDL), which helps to safeguard against heart disease, and Resveratrol (found in the peel of red grapes) decreases the formation of blood clots and also bad cholesterol (LDL). Red wine is also shown to decrease bad bacteria in your mouth and hence, red wine even has

Perks of having Portfolio Management before Investing in Stock Market.

No owner of the business starts with an entrepreneurship to find his investment worth millions reduce to peanuts overnight. No one would like to deliver bad service to their dedicated clientele and have a bad reputation in the industry. And the silver screen has always portrayed the businessmen as young energetic characters who love the thrill and excitement of playing with the stock market. But this might not be real scenario- most of these complex dealing of the stock market is not the cup of tea for the youngsters. It not only requires experience, but also maturity deal with such a complicated area of the economy.

Jay Alan Blackmore is a renowned figure in the financial market and has already spent decades in the industry. Although he has a different say regarding the appropriate age for investing money in the stock market. He believes that stock market has got nothing to do with age; anyone can feel like investing and can even make enough money out of it. But what will make the difference is the preparation that one takes before investing. He has generally found the experienced investors going through a portfolio management before taking any crucial decision while

Taxation Professionals To Your Rescue!

Taxation matters are often complicated and very complex. It is really hard for you to understand them without proper and professional guidance. When you are embroiled in a taxation issue it is important for you to find the right taxation specialists that will guide and help you all the way. They are skilled and experienced in all the matters of law and this is why opting for them is a wise and prudent option.

When you are looking for the right firm or specialist to manage your taxation matters, it is important for you never to rush through the decision. You should take your time and opt for trusted and credible taxation professionals in the area. In the USA, there is one taxation company that is known for its highly qualified and friendly team. The name of this taxation company is Omni Financial located at Vero Beach in the USA.

The Omni Financial Vero Beach team are committed to the effective taxation needs of their clients. They are patient and carefully check every individual portfolio in order to give them the best tax relief product. The experts here say that most people are not sure about tax resolution and they hide

Get Your Business Funded – Your Everyday Guide

So, you think writing a great business plan will get you great business funding? If you really think so, you might have to think again. Yes, this is the harsh reality. Only a great business plan is going to help you in this matter. Of course, they will help. When the investors ask you about your business idea, you only have a couple of minutes, maybe not even that to impress them. The pitch line should be ready when you approach them. However, impressing an investor requires more than just some written words.

If you are serious about making it on your own, you need to understand that business plans are nothing but written words. People don’t invest on words on papers. They invest on people and product. Frankly, investors like Spectrum Business Ventures invest on a company. This does not mean you should not have a plan to go with. Of course, when you write it down, it seems like a reality. It is like the idea has gotten a form and now it is ready to roll. Another important reason to have a business plan is – to keep yourself from drifting away. When the demand of producing

Sales Training is a necessity as it teaches many more things beyond selling


Sales people are considered to be the face of the organization. People get to know about the company and its ways of working by interacting with the sales persons. In a way, the sales force is like ambassadors of the company. Sales people should therefore be educated in the right way so that they can uphold the company’s image in a positive way besides achieving their sales goal. The notion that sales people are mere salesmen is a misnomer and companies are willing to spend time and money in imparting training to sales people so that they perform better, in both aspects.

The need for training

The strength of the sales team depends on its ability to make a sales pitch in the most appropriate way so that it helps them to create relationships with customers that can pay dividends in the long run. It has to do much with man management skills rather than basic selling skills, opines Marty Hale, Management Consultant who has excelled in Direct Sales and Network Marketing. In today’s environment, customers are much well informed and are averse to the traditional sales through display techniques that have become outdated. With the social media providing a powerful

Innovation always leads to success: Petroleum Wholesale Houston

The current market demands innovation, more innovation. If you are doing business in tandem with the market requirements, you can expect success in your business. There are many innovators who have succeeded in their ventures. We can find so many examples of innovations that led a venture to pinnacle of success. Do you know that ground-breaking hybrid retail concept has introduced by Petroleum Wholesale Houston? This fuel distributor transformed into a new concept, a hybrid retail concept where people along with refueling their vehicles, can easily find discount grocery items, premium cigars, fast food and auto-parts. Do you find it an incredible concept that can add more value to your life? It signifies that innovation is always required for success.

How it grows so far, and how innovation triggers the growth?

There are several renowned brands in the market with immense market reputation such as True Value Hardware, Chevron, Shell, Subway and Ace hardware associated with this hybrid retail outlet. Innovation is always been the core of success in the market. In case of this gas station, it is a novel hybrid retail outlet with branding of several reputed brands of oil companies, fast food and auto parts companies. Another evidence

What are the Technologies That Help Drive the Hotel Industry?

Every industry on the planet is driven practically by technology, and thereof the development. While the hotel industry may be largely dependent on skill and service, when it comes to the overall operation of each establishment, technology also plays a big part.

The ‘property management systems’, a piece of software is one good example of an important technology. PMS for short, this software, provides hotels and resorts with the luxury of mechanical management of bookings of guests. This includes online reservations, point of sale and other things like what kind of services or amenities are utilized by which client or guest. The software PMS, is an essential part of bigger hotel establishments because of their sheer size, especially, multi-property hotel groups like PPHG or Pan Pacific Hotels Group. This technology allows both micro-management and macro management of nearly all aspects of operations in a hotel. For specific areas of service, such as corporate and catering enterprise, some high-end PMS suites offer extended modules. In an effort to reduce energy consumption, PMS suites can also be synced with computerized energy management systems.

Possessing a unique blend of a clear conceptual vision and interpersonal skills, Patrick Imbardelli oversees PPHG acquisitions, brand marketing, diversification,

How You Can Start Your Own Marketing Company

So you are entrepreneur and you are ready to start your own project. You want to be your own boss, and don’t see the need to work for somebody else or for another company. You probably spend a few years in the “real-world”, and getting hands-on experience working for other companies. You also, probably, ended up learning a lot during those years. It just so happened that during your years of learning, you worked for a marketing company that gave you amazing exposure into the marketing world. That knowledge has stayed with you, and you are ready to apply it to the real world.

Well, how do you really go from working for a marketing company, or a similar service, to starting your own shop? First thing is first, make your business plan. How is this going to work? Then, come up with your processes. How will you service clients, and what does that really entail? Then, the next step is to make an idea into a business. To do this, you need to create an LLC and start your own website. Don’t over-think this part, just go ahead and run with it. Get a good logo, create your brand, and

Build Reputation Using Business Visiting Cards

Start with a fresh look at your office stationery. Get rid of cliched design and make room for new ideas. Revamp the business by taking the old out of your visitng cards. We at Eprintpost provide you the opportunity to design your personalized Visiting portfolio according to your choice with customization with variety of designs available.

Personalized Visitng Card Printing

Business cards are always a way to represent all over the world. Business cards always include your name,designation,company address,contact details that always represent details of business for those who matters. We at the eprintpost always provide the customer with great design for designing the visiting cards.

Customers can take free benefit of the customized editor tool of eprintpost to design unique & better quality personalized business visiting cards within few clicks with more flexibility.

Pick your choice of colours, icons, images, designs, and fonts. Customize the available options to suit your taste.Your product is ready within no time & leave the worry of printing to us. Eprintpost produces good-quality personalized and business printed products. These visiting cards meant for circulation among clients can be printed in bulk as well. This option brings in some great discounts as well.


Can you generate a business plan online

The small business landscape is always evolving, but many experts still agree that when it comes to writing a business plan, this old adage still applies: A failure to plan is a plan to fail. Starting a business venture without a thoughtful, detailed plan is a big no-no — a quick route to disaster. But writing that plan can be a pretty intimidating prospect for novice entrepreneurs.

In the past, you practically had to get anMBA to learn how to prepare the kind of tome that might persuade traditional lenders to fund your startup. But these days, investors — especially venture capitalists and people involved with nontraditional, crowd-sourced or online sources of business funding — are more open to receiving the information in novel ways, and they tend to value business plans that are short, sharp and to the point. They still expect you to examine your assumptions, think through variables and be able to answer any question that might arise about your business idea, but they no longer demand a plan as heavy as a phone book. In today’s marketplace, it’s more important than ever that you utilize available technologies to make your business idea stand

Customer Loyalty Program For Retail

As these days retail business is getting more competitive, a smart retail business planner has to find innovative strategies to stay ahead of their rivals. The best retail marketing strategy is Customer Loyalty program that works for both business and customers. This strategy is often called as Rewards program.

Rewards program is a mode to draw your perspective and some new customers by offering gifts and benefits to them. And, the most common benefits that you can offer to a member are: gifts, special discounts, or points to be collected and exchanged later with other items. This program has many variations, so basically it all depends on your strategy.

Often in a Loyalty program in retail, each and every member gets a loyalty card. Now, to avail program benefits, the customer is supposed to show this card while making purchases. And, in case of online shopping, the customer can be provided with a number to be used when they log out the site.

There are number of ways a customer can get this card. They can use this card while making purchases at a single time or over a period of time. Some retail businesses ask the consumer to purchase the loyalty card

Big data analytical advances from academia business are enhancing exploration of universe

Statisticians have combined state-of-the-art analytical techniques from the academic and business worlds to tackle the Big Data challenges confronting astrophysicists and astronomers as they explore the mysteries of our universe, Lars K.S. Daldorff and Siavoush Mohammadi today told an audience at the 2015 Joint Statistical Meetings (JSM 2015) in Seattle.

These technical advances–called automatic explorative analysis of data–have the potential of greatly aiding these scientists as they seek to understand our universe, as well as researchers who work with Big Data in other fields, said Daldorff and Mohammadi while presenting a topic-contributed session titled “Novel Application of Statistical Tools for Big Data Analyses of Solar Physics” at JSM 2015.

Daldorff is an atmospheric, oceanic and space sciences research fellow in the college of engineering at the University of Michigan and a consultant for NASA’s Goddard Space Flight Center, and Mohammadi is a consultant with Infotrek, a Swedish business intelligence and data warehousing company.

The new analytical techniques Daldorff and Mohammadi described are being used in a study of giant magnetic loops generated by our solar system’s sun. When physicists use large supercomputers to simulate the sun, their research produces massive amounts of

make money online surveys in india

May be you’re busy with your studies; still there is a scope to earn some money online in India in fast ways in your spare times. Thousands of students like you are earning rupees online in India very decently in different ways and here are some very useful tips for you:

  • Online Survey:

This has become a very popular of way of earning among students all over the world. You’re asked to fill up a question-answer form by a survey company on some products or services. By investing a few minutes from your spare time, you get the scope of earning in form of cash or rewards on regular basis. There are plenty of survey sites online. Look for them, but also do a small research to know their authenticities. Then register your details and start earning.

  • GPT sites:

Almost like online surveys, GPT (Get Paid To) sites offer hand some income or rewards for finishing various activities online. A few popular GPT sites are Toluna, Paidoffers, and InboxPounds etc. There are many others, just search online and start earning.

  • Publish your book on Kindle:

As a student nothing is better than earning by publishing your own book. If you’re good in jotting down your thoughts

Why Should Be On Print Booklets For Their Business

Booklets are used for many purposes in a business. One can use them for record keeping while others can use them to prepare promotional materials. Many are the places that one can get the booklets but it all depends with the type of person. There are those people who like buying them from bookshops as no task will be given to them as one will only give the type of booklet that he or she wants and it will be sold to them. It will not take time for it to be delivered as it is done at instant.

Printing booklets involves a process that one has to follow so that one will get the one that has been desired. Online businesses have made it possible for one to place an order that will match the requirements that one has. One only needs to visit the printing website where he or she will learn what they do best and the type of printing that is done. The quality of printing these booklets is very high whereas the price is very low. One is able to save a lot of money and at the same time get the one that will match

Future Glorious Prospect of Hotel Reservation Business

For the previous few years, most hotels and motels across the world have implemented and are gaining the benefits behind the use of hotel reservation software to automate their reservations as well as to maximize their ROI.

There are various benefits associated with this certain form of product and if you own a motel or hotel, or you are an associate of any other business owner who owns a business like this then learning how you can benefit from using the hotel booking script is your major consideration this time. Usually, the booking software for a hotel can help in making sure that the business’ operation is running smoothly, efficiently and of course, professionally. Naturally, when it happens, the profits of a business will rise tremendously.

Hotel booking software is easy to setup if you choose the right software to use. Once downloaded, you can start setting up the software and customize it in order to make it reflecting the details pertaining to your business. Considering that few software forms of this kind are relatively friendly to users, it is possible that everybody in your hotel staff could simply obtain some details regarding your space availability.

Remember to Maintain Your Own Car in Time

In modern society, thousands of cars run on the road. As it is becoming a popular transportation in the world, more people will buy one for convenience. They can go anywhere they want with a car.

Most people are excited in having one but do nothing to maintain it. Everything has its lifespan. In order to keep the car running well, people should take actions to maintain it. Then, how to do?

The most important thing is that car owners should have a form idea of caring. And they should train their driving skills so as to run it in a correct way. However, there are still an increasing number of people like to drive in a high speed. It is not only dangerous but do harm to it.

We can easily to find a caring store on the road. People can consider sending them to the store for cleaning and maintenance. Considering the cost of cleaning and maintenance, people have better to learn to clean the car by them. People can know the vehiclle well through maintaince.


Stuffs are easy to be broken if they are not be taken good care of. Since the

The Resources of Oil and Gas Needs Preparation to Become Useful End Product

There are very few industries that operate without depending on oil and gas at different sphere. The life becomes difficult when you think about a situation without these resources. The industrial world freezes without these resources and even the private life comes to a stand still for want of oil or natural gas in different forms. The heat energy that they supply and power for different machineries are most important for the normal life style. You will find colombia oil and gas is also necessary for medicines, manufacturing of different products such as plastics and even clothing. There are different stages that are required for the proper production of oil from its crude form.

Natural resources for everyday life

These natural chemicals are mainly made of carbon and the most unique substance – hydrogen. These chemicals are therefore known as hydrocarbon. There are other hydrocarbons like methane and octane. There are polymers that are complicated hydrocarbons that are the base of plastics. These chemicals are very important for the day to day life of human beings. The hydrocarbons are the main ingredients of fuels and these are necessary for the society at every step. Clean oil

5 Biggest Challenges Facing Your Small Business

Starting a business is a big achievement for many entrepreneurs, but maintaining one is the larger challenge. There are many standard challenges that face every business whether they are large or small. These include things like hiring the right people, building a brand and so on. However, there are some that are unique to small businesses – ones most large companies have grown out of long ago. We’ll look at the 5 biggest challenges in this article.

Client Dependence
If a single client makes up more than half of your income, you are more of an independent contractor than a business owner. Diversifying the client base is vital to growing a business, but it can be difficult – especially when the client in question pays well and on time. For many small businesses, having a client willing to pay on time for a product or service is a godsend.

Unfortunately, this can result in a longer term handicap because, even if you have employees and so on, you may be still acting as a sub-contractor for a larger business. This arrangement allows the client to avoid the risks of adding payroll in an area where the

One Big Factor Driving the Gender Pay Gap

Whether a woman is fixing electrical circuits in a manhole or conducting open-heart surgery, odds are she makes less money than her male colleagues.

Women earn an average of just 78 cents for every dollar earned by men. While the gap between women’s and men’s pay has been shrinking, progress is painfully slow. At the current rate, the gap won’t close until 2058.

There are plenty of explanations: Women work fewer hours and work in lower level jobs. Women leave the workforce in greater numbers than men and are more likely to work in low-wage jobs. Women-owned businesses tend to have sales below $50,000 a year. Women with college degrees tend to major in less lucrative areas of study.

Still, all those factors don’t explain the gap. One facet merits more discussion: sexism.

“Taking a closer look at the data, we find that women’s choices — college major, occupation, hours at work — do account for part of the pay gap,” write the authors of the American Association of University Women’s report Graduating to a Pay Gap. “But about one-third of the gap remains unexplained, suggesting that bias and discrimination are still problems in