Business and Industry
Business is the buying and selling of goods or services. Questions here contain anything related to selling something for profit.
What are small businesses?
Small businesses are privately operated businesses with a number of employees not exceeding 500 heads. Small businesses usually operates locally, for example, a local bakery with 15 employed individuals. One more example is a small restaurant in the suburbs that employs 100 - 120 employees including the managers. Small businesses are also classified to the amount of capital used to kickstart the business.
What are slowest months for retail?
Every month except December. *** Another answer: The "slowest" months depends partly on the merchandise you're selling (car parts always sell as do big appliances). The absolute slowest months are January through Spring Break (usually March) and mid-July through August (vacations). The busiest times are the week before Halloween through December 28, Valentine's Day, Easter and June (graduations and weddings). The rest of the year is when you really have to do the work; 1/3 will buy no matter what, 1/3 won't buy anything and the remaining 1/3 will be those you have to market to.
What agency by estopple and agency by holding out?
Where a person by his conduct or by statement has led another person to believe that a certain state of affairs exists that a certain person is his agent, he is estopped from denying the fact of that statement subsequently. Example: A tells T within the hearing of P that he is P's agent. P does not object to this statement. Later on T supplies certain goods to A who pretends to br acting as an agent of P. P is liable to pay the price to T.
Asked in Small Business and Entrepreneurship, Small Business Loans, Business and Industry, SBA-Secured Loans
How do you get financing for a small business?
Financing for a Small Business This is advice on small business financing from the Federal Consumer Information Center and the Small Business Administration: One key to a successful business start-up or expansion is your ability to obtain appropriate financing. Raising capital is the most basic of all business activities. There are several sources to consider when looking for financing. Explore all your options before making a decision. These include: personal savings, friends and relatives, banks, Co-operative Societies and credit unions venture capital firms Customers/Clients Private Equity Angel Investors Industries Development Board of Governments/States To be successful in obtaining a small business loan, you must be prepared and organized. You must know exactly how much financing you need, why you need it, and how you will pay it back. You must be aware of the bank's loan policies. Lending institutions generally require fully secured loans and sufficient commitment of capital by the borrower. Small Business Loans The U.S. Small Business Administration (SBA) assists small business owners to start and expand their businesses by helping them get loans through private banks and financial institutions. SBA Loans for Veterans - offers a few loan programs to assist veterans and members of the military community USDA Rural Development Loans - If your business is located in a rural community, you might consider the U.S. Department of Agriculture (USDA) has a Business and Industry (B&I) Guaranteed Loan Program. Other federal loan programs serving small business concerns, visit GovLoans.gov, the U.S. government's central database of government loan programs. State and Local Loan Programs - Many state and local governments also offer low-interest loan programs that they guarantee through commercial lenders. Contact your local Small Business Development Center to get assistance with locating state and local funding sources for your small business. Venture Capital Financing Small Business Investment Companies (SBIC) - In 1958, Congress created the Small Business Investment Companies (SBIC) program to help small U.S. companies raise capital. SBIC's are privately owned and managed investment firms that provide venture capital and start-up financing to small businesses. Active Capital (formerly Angel Capital Electronic Network - ACE-Net) -Active Capital is a nationwide listing service that connects entrepreneurs with angel investors. Potential investors can obtain information on start-ups and expanding small businesses seeking $250,000 to $5,000,000 in venture capital. Active Capital's main benefit is that it allows entrepreneurs to directly access a nationwide network of investors while complying with federal and state securities regulations. There are lots of places you can get funding for a small business idea. Avoid people offering quick money solutions online - instead, approach respected lenders, trusts, and groups that specialize in small businesses - you can find a lot of help from your local government, and many banks offer special advisers too. Write a good plan that covers your first year to 18 months of trading. Do a basic cash flow forecast so that you can show trends in how well your business will do - is demand all year round, or seasonal? Often business are profitable in the long term, but it is short cash flow issues that cause problems - when you have you pay your bills with 30 days, for example, but your customers don't pay you for 45 - you will need to show that you always have enough money to cover your expenses. SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments. Credit Cards A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business. However, some companies out there offer "business" credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts - you are. When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business' credit, while avoiding creating problems with your own. Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring.
Asked in Business and Industry
What is cost based pricing method?
Asked in Investing and Financial Markets, Real Estate, Business and Industry, Bonds and Treasuries, Debentures
Difference between debenture and preference share?
What is the Tabberone disclaimer?
The Tabberone Disclaimer is a carefully crafted disclaimer to be included when selling hand-crafted items. It is recommended that the disclaimer be in bold type, used with a colorful border, and back-lit with a color that will attract attention. It should be prominently displayed early in the listing in the same size type as the lsiting. As one lawyer said, there is a difference between "red light" and "light red". Here is an example (without the border or color): The is an example with HTML on her website.
What are some ways to use Excel?
There are many uses for Excel. If you have novel ways to use Excel, please add your ideas here or on the discussion page. Here are some ideas: Set up a favorite friend list and enter the number of SMS messages you send them each month. The person at the end of the year that received the most messages is your favorite texting friend. Plan a vacation budget. Decide how much money you will spend for your vacation and set up a budget for each item. Take the budget with you and keep track of actual expenses. When you get back, enter actual expenses and compare with budgeted expenses. Use this information to help plan your next vacation. Design a form. You can change the column width to 2 characters to create a grid system to allow you to layout a form. Join several cells together to create each form area. Create a mailing list and use this list to merge with a letter you make in Word. You can send out annual letters to all of your friends keep them up to date on what is happening with you. In the mailing list, include personal information about the person. That way, you can personalize each letter in a mass mailing to your friends. Set up a work schedule and calculate how many hours each worker is required to work. You can break down the totals by week, month, year, or any other time period you choose. Track income and expenses to see what your profits are at the end of each week, month, quarter, and year. You can use Excel as an advanced calculator to calculate almost any kind of math of financial problem. Excel can calculate the square root of any number a quickly as you can press the enter key. Use it to track the birds or other animals you see in your back yard. You can set up columns for type of animal, time of day, day of week, how long they stayed, what they did, etc. Collect and track weather data, then create charts to view and evaluate the data over time. You can see what day was the hottest last year, how many days rained, what day received the most snow, etc. The amount of data you collect is limited only by your imagination. Evaluate different purchase options. If you want to purchase a new car, you can record as much data as you can find about each type of car you would like to consider, then make charts to view and help analyze data. You can assign a point value to each car feature then total up the points to see which car gets the most points. You can keep track of various baseball statistics to compare your stats with what the sports casters are talking about. You can create your own unique best-of categories, like which team got the most strikes on days that were cloudy. Track daily meals to find out how many calories you consume each day, week, month, year, etc. You can sort the data to see if there are any days of the week where you consume more or less calories compared to other days. If you have health issues, you can track your blood sugar, temperature, blood pressure, weight, etc. to see if you are meeting or exceeding expected results over time. You can create a chart that shows you almost any way you would like to view the results. As a classroom project, you can give each student a bag of M&Ms, Skittles, or some other snack that uses different colors. Have the students record how many of each color is in the bag. Then the students can create charts to view and evaluate the results of their study. Create a simple inventory sheet to determine how many items you have in stock, the total value of each item, the total value of all items, color-coded totals to show which items should be reordered, etc. Make a decision matrix. Along the side of the spreadsheet, list all of the items you would like to evaluate. Across the top list all the criteria that you want to consider in your decision. For example, you want to decide where to go on a vacation. You list all the places you might want to consider along the left side. Across the top you list things like, cost, distance, things to do, etc. Assign relative values to each criteria for every option (e.g. 3 = Best, 2 = OK, 1 = Maybe, 0 = Not a chance). Create a formula to add all the values and see which option gets the most points. It can be used to manipulate dates and text. It has some graphical capabilities, as you can craw things in it. You can use it to make flowcharts and structured diagrams. It can be good for creating structured forms for printing out. It can be used for databasing. It has a lot of other uses that you can come up with once you start using it. See related links for more great ideas about how to use Excel and to download some free helpful Excel templates. Track a budget (find out home much money you have coming in and how much you have going out). If you have a large collection of something, you can list the the items and their price, then you can add a total to each list. Every time you update any of the values, the total value automatically updates. Additionally, you can have several worksheets, one for each of your collectable items, and a totals worksheet that provides an overview of your entire collection. Each of the individual worksheets can be linked to the overview, so you can see all the important information about your collection on a single page. Make a decision matrix to help you choose between several options (courses of action). You can list your options across the top and the criteria you would like to evaluate along the side. In the cell where each criteria matches an otion, you can enter a number to indicate your preference. Add the columns listing your preferences, and the one with the highest number (or lowest number, depending on the measurement scale you choose) meets most of the criteria you have selected. A large number on a decision matrix is not the only reason you should select a course of action, but it is a tool to help point you in the desired direction. Excel is used to create spreadsheets, charts, and graphs to be used by businesses. Microsoft has provided Excellent online help. Also, few user like me has made blog. Kindly visit my blog at related links. See related questions for ways to use Excel. Microsoft Excel is a spreadsheet program. A Spreadsheet is a computer application used for numerical analysis and manipulation. A Spreadsheet is split into Columns and Rows based on an accountant's worksheet. Columns are referenced by letters. Rows are referenced by numbers. Where a Column and a Row intersect a Cell is formed. A Cell is referenced by its Column letter and Row Number (e.g. A12 = Column A; Row 12). A Range or Block is a rectangular group of cells referenced by the top left and bottom right cells. A Spreadsheet has thousands of columns and thousands of rows and therefore millions of cells. One of the most powerful features of a spreadsheet is the ability to use formulas for calculations. Formulas should always be used in preference to manually working out results of calculations. All formulas in Excel begin with the = sign. Functions are pre-written formulas that come supplied with the Spreadsheet to enable the user to carry out specialised or common tasks. There are functions to do a wide range of tasks. The functions are usually classified under various headings, including Mathematical, Logical, Special, Text, Date/Time, Financial, Statistical and Database Functions. You can do things related to all of these areas, and almost anything that is related to numbers and calculations. You can make simple spreadsheets, make databases, use it for accountancy, for stock control and a whole range of other things. Businesses use them for doing planning and evaluation in relation to things like their sales and how their business has been doing and how they expect it to do. You can also use it for creating graphs or diagrams. You can use it for creating structured forms. In short, a spreadsheet is one of the most useful of all applications, enabling you to do a wide range of things. A spreadsheet is a collection of rows and columns, which are used to organize data in such a way that the arithmetic operation can be carried out on whole rows of columns extremely quickly. to use spreadsheets as modeling tools plan, design and create a database also spreadsheets are used to calculate arithmetic equations with ease. The benefits of a spread sheet include the fact that you can make formulas and work out complex sums easily. One major use is to create a Operating Budget (either for business or home use) so you can track where your income is being spent. Excel is a 'spreadsheet' program and spreadsheets are used for mathematical equations. Whether you just want to add up rows/columns of numbers or do advanced calculations. eg: if column 1 total is subtracted from column 6 total, what is the answer? or if this particular information is a percentage of that information, what percentage is the remaining information in relation to column X. Many and varied calculations can be done in relation to any information. You can create spreadsheets or tables. For example when you need to do your accounting, tax returns or so. Microsoft Excel is used to make spreadsheets, do calculations, make graphs, and make tables. Exel is a spreadsheet program that enables you to enter formulas and data into the cells in order to organize information. you can make charts,diagrams,various mathematical calculations,convert money,measurements,text document connect to database,insert content from web pages and many,many more 1) Perform repetative and complex mathematics 2) Connect to a database to get snapshots of data 3) Create dynamic graphs on data quickly and easily 4) Sort and filter large volumes of information quickly 5) Validate user input; allowing them to use dropdown boxes and enforcing rules on the data
Asked in Business and Industry
What are the Need for global competitiveness?
The need for global competitiveness is much important for any industry to sustain in this competitive world and this helps the company to retain its old customers as well to obtain new customers,maintaining the profit level and also to be a leader in the market.Aspiring to be a market leader or to be globally competitive helps a company to grow.It also helps the company in introducing new products to the world.Eg: Apple came up with the iPad and they were first to target the people with the new product and thus were able to get adventage,Similarly Google acquired Motorola mobility holdings to become strong in the cell phone segement too.When firm competes with each other it does not benefit them alone but a wide range of customers too.
Asked in Business and Industry
Why is sales forecast so important?
A sales forecast is crucial to a business. This is an integral part of both short and long financial and/or operational plans. A sales forecast falls under the category of "setting objectives" for a business. This way, the business is able to put things into perspective to see its possibilities in terms of revenue and streamline all other operations based on that. For example, having an accurate and realistic sales forecast comprised of many factors such as season, economic situation and consumer demographics, will enable to a business to effectively staff and oversee operations without having a deficit of surplus of workers-- (which would hinder profits if it were to happen). Further, an all-encomapssing sales forecast later serves as crucial data for a business to analyze and benchmark against previous results, learning from decisions made in the past to improve results for the next quarter, year or even 5 years.
Asked in Business and Industry
What is full form of HCL company?
HCL is Hindustan Computers Limited. It was started in 1976 in India and has two business enterprises in India. HCL Technologies, and HCL Infosystems. It has offices in 26 countries, and in India 170 offices and 360 service centers and employs about 71,000+ people. HCL is a leading global Technology and IT Enterprise with annual revenues of US$ 5.3 billion.
Asked in Business and Industry, Bakeries
Did bimbo bakeries sign papers to buy Sara Lee?
If Bimbo did purchase Sara Lee and everyone is saying its a done deal< where's the proof? No updates in bakingbusiness.com, nothing on the news, wall street journal, no news feeds from Bimbo Bakeries or Sara lee. Is this a top secret m purchase or undercover or something. Everyone sure seems to know alot about this ghost purchase !
Asked in Business and Industry
How do you work out net profit?
To determine your net profit , add up your annual expenses for the running of your business etc & subtract that figure from your gross profit. we get the gross profit by adding your opening stock at the beginning of the year & your annual purchases , deduct your closing stock from this figure & subtract the resulting figure from your annual sales. In simple words, GROSS PROFIT = SALES less COST OF SALES. (Cost of Sales covers all costs related directly to Sales) NET PROFIT = TOTAL EXPENSES less TOTAL REVENUE