Welcome to Global Free b2b buy sell marketplace: www.bytrade.comWASHINGTON — Behind closed doors, Ben S. Bernanke, the Federal Reserve chairman, called it “the worst financial crisis in global history, including the Great Depression.” He said that 12 of the country’s 13 most important financial institutions, including Goldman Sachs, had been on the verge of collapse “within a week or two.” (The apparent exception: JPMorgan Chase.) Imagining the impact of a Citigroup bankruptcy, he recalled, was “sort of like saying, ‘Well, four out of your five heart ventricles are fine, and the fifth one is lousy.’ ” (The human heart actually has two.) Mr. Bernanke’s remarks, from a November 2009 interview with government investigators, were among the fresh details in the blow-by-blow chronicle of regulatory negligence and Wall Street recklessness released Thursday by a federal commission. The report by the Financial Crisis Inquiry Commission draws on more than 700 interviews, millions of e-mail exchanges and other records that have not previously been disclosed. While the official 633-page document comes after the Dodd-Frank law tightened up financial regulation, its findings are certain to be pored over for years — and not just by historians. On Wall Street, analysts were already scouring 1,200 supporting documents the panel released on its Web site; an additional 700 documents and some 300 transcripts of audio interviews are to be posted before the panel’s mandate expires Feb. 13. The report examined the risky mortgage loans that helped build the housing bubble; the packaging of those loans into exotic securities that were sold to investors; and the heedless placement of giant bets on those investments. Enabling those developments, the panel found, were a bias toward deregulation by government officials, and mismanagement by financiers who failed to perceive the risks. The Fed, under Mr. Bernanke’s predecessor, Alan Greenspan, failed to develop mortgage lending standards that could have stemmed the flow of bad mortgages into the financial pipeline, the panel found. “The Federal Reserve was clearly the steward of lending standards in this country,” said one commissioner, John W. Thompson, a technology executive. “They chose not to act.” Mr. Greenspan declined to comment. Just as the 10-member commission splintered along partisan lines — with the four Republican members offering two separate dissents — so did the response to the document. “We certainly applaud the efforts of the commission,” the White House press secretary, Robert Gibbs, said, in remarks echoed by Senator Tim Johnson, Democrat of South Dakota, the new chairman of the Senate Banking Committee. But Representative Spencer T. Bachus, Republican of Alabama and the new chairman of the House Financial Services Committee, said that the panel had “failed to reach even a rough consensus on the causes of the financial crisis” and that the Democratic majority had been “minimizing the role of Fannie Mae and Freddie Mac in causing the crisis.” Those two mortgage finance entities, the main report found, contributed to the 2008 crisis but were not among its chief causes. It concluded that Fannie and Freddie had loosened underwriting standards, bought and guaranteed riskier loans and increased their purchases of mortgage-backed securities because they were fearful of losing more market share to Wall Street competitors. The main report said that was not because of the government’s affordable-housing goals, which conservatives like Peter J. Wallison, a Republican commissioner, believed were the primary culprit. The culpability of the housing finance agencies is likely to influence debate in Congress over the future of housing finance. But the bulk of the report consists of a long, well-known narrative that is largely beyond dispute. The report offered new details about how Citigroup and the American International Group, which received bailouts, were internally divided as the crisis worsened: some parts of each company continued to invest in housing-related investments even as others pulled away. It offered new evidence that officials at Citigroup and Merrill Lynch had portrayed mortgage-related investments to investors as being safer than they really were. It noted — Goldman’s denials to the contrary — that “Goldman has been criticized — and sued — for selling its subprime mortgage securities to clients while simultaneously betting against those securities.” It showed that the Fed and the Treasury Department had been plunged into uncertainty and hesitation after Bear Stearns was sold to JPMorgan Chase in March 2008, which contributed to a series of “inconsistent” bailout-related decisions later that year. Neither the Fed nor the Treasury commented on the report, nor did most of the financial institutions mentioned in it, though a spokeswoman said Citigroup was “a fundamentally different company today than it was before the crisis.” Sprinkled throughout the report were vivid quotes from major players. Sabeth Siddique, a top Fed regulator, described how his 2005 warnings about the surge in “irresponsible loans” had prompted an “ideological turf war” within the Fed — and resistance from bankers who had accused him of “denying the American dream” to potential home borrowers. The Office of Thrift Supervision, a soon-to-be-closed agency that was supposed to regulate A.I.G., was so outmatched that its former director, John M. Reich, compared it to “a gnat on an elephant.” Some bankers came across as simply bumbling. E. Stanley O’Neal, chief executive of Merrill Lynch, told the commission about a “dawning awareness” through September 2007 that mortgage securities had been causing disastrous losses at the firm; weeks later, the report noted, he walked away with a severance package worth $161.5 million. The Lehman Brothers bankruptcy in September 2008, which sent markets into a tailspin and led to a string of costly bailouts and was probably the most dramatic moment of the crisis, was reviewed in depth in the report. The prominent Wall Street banking lawyer H. Rodgin Cohen, who represented Lehman among other big banks, said he thought the government, in refusing to bail out Lehman, had seemed that it was “playing a game of chicken,” hoping that other institutions would save Lehman. The commission’s chairman, Phil Angelides, said he hoped the report would help bear witness to a preventable catastrophe. “Some on Wall Street and Washington with a stake in the status quo may be tempted to wipe from memory this crisis or to suggest again that no one could have seen or prevented it,” he said. But little on Wall Street has changed. One commissioner, Byron S. Georgiou, a Nevada lawyer, said the financial system was “not really very different” today from before the crisis. “In fact, the concentration of financial assets in the largest commercial and investment banks is really significantly higher today than it was in the run-up to the crisis, as a result of the evisceration of some of the institutions, and the consolidation and merger of others into larger institutions,” he said. Susanne Craig contributed reporting from New York.
This isWhat I want to teach you in this article are the Top 4 key steps you need to transform your current business, online and offline, easier and without failing with the average network marketing advice1.) Be different.The concepts that your up-line are teaching you may not help you achieve the goals you desire.
2.) Automate your recruiting:By recruiting online, you have access to millions of talent people that are looking to build a home based business. Imagine if you had a way to generate 30 leads per day, sponsor 14 reps in one week and THEN TEACH YOUR TEAM EXACTLY how to do the same thing.now that's what I call DUPLICATION.
3.) Learn to market your corporation ONLINE. If you do not use the interet, you will never be able to recruit as much as the 7 figrue income earners. Why? Well, lets be clear here, how many new people can youfind in your area to talk to on a week to week basis? 2 maybe 2 new people at the most? The best network marketers have learned to use the internet to generate hundreds of leads.
There are over 15 million people EACH AND EVERYDAY searching the internet on how to build a home-base-organization.
4.) develope your phone skills. It is great to generate hundreds of leads online but don't expect to hide behind your computer all the time. It is important to learn the skills to reach out to yourtop sponsors , qualified leads and sponsor them into your corporation personally. A personal phone call will help build trust in you and your organization and you are more likely to enroll your leads by phoning them rather than "emailing them" or "shooting" out messages to your list. One you have internet marketing plan in place, calling your final products will 90% of the time do the trick!
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Whether you plan to set up a trade show display or just send a representative, picking what conventions to attend is never easy. These tips will help you determine whether you're wasting your time with a trade show booth, or whether the event could be well worth it.
Setting up a trade show display is more costly than sending some of your staff to scope out the event, but in a down economy all excessive costs are to be avoided. At the same time, missing out on an opportunity to showcase your company could mean thousands of lost sales. The solution is to pinpoint the most fruitful events, both for displaying your own trade show booth and for visiting others. There are many ways to determine good opportunities, but making the final call isn't always easy. These tips will help your company determine when it's best to set up your banner stands, when it's best to send representatives, and when it's best to just sit it out.
Look Beyond Your Trade Press
Companies will often look to their magazines or newspapers for guidance about upcoming events. This is a great way to get an overview, as high-profile events will be listed in prominent magazines. Although it's a strong way to learn about new conventions, a magazine will rarely provide the kind of in-depth knowledge that you will need to determine whether bringing a trade show booth would benefit your company. Avoid making a decision to attend simply because a new event is listed in a trade publication. If the event is within easy driving distance, consider taking a look at it, but don't commit to a full-scale trade show display without learning more.
Don't Hesitate To Call The Organizers
The typical convention advertisement will list an information number. Call it, and you'll be able to talk to people who are knowledgeable about the event itself (or if they are not, you'll quickly know that the event isn't for you.) Your first step when considering attendance at a new show is to call and get any information you immediately want to know. For instance, how many people are expected to attend? Are tickets available on a restricted basis, or can anyone go? Must people pay for entry? All of these will impact the population at the event, and thus impact how many visitors your trade show booth will receive.
Give It A Google
Before you sign up to attend or present banner stands at an event, Google the event itself and the organizing people or groups. The internet is a great way for people who feel strongly about an event to discuss their likes and dislikes in a public space, allowing people like you to read honest reviews without having attended yourself. Googling is totally free, takes only a few minutes, and is surprisingly informative.
Don't Jump In With Banner Stands… Usually
You should rarely decide to bring your banner stands to a new convention without having scouted it in person the year before. Generally speaking, a new event is largely untested, and may not have a strong return yet. If your company is looking to be particularly thrifty with its travel expenses, shipping your trade show display and flying everyone out for an unknown event is probably not warranted.
On the other hand, there will occasionally be a situation that requires you to throw this rule out the window and attend. It might be a new event put on by your industry's biggest regulating body. It might be something organized by one of the major industry players. When something of that magnitude comes up, you shouldn't say no. When in doubt, try these tricks , and reap the benefits that they will provide in frugality and return on investment.
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Sales people who are required to sell their products or services through the Consultative Selling approach must be competent in the following areas:
- Cold Calling
- Researching the Client
- Fixing Appointments
- Conducting Effective Meetings
- Analyzing Needs (Asking Questions, Paraphrasing, Probing, etc.)
- Getting the client to voice the Problem, and then the Solution
- Presenting the Solution (or Product Demonstration)
- Following Up
- Negotiating and Closing
Now, if you ask most beginner sales people to list their strengths from the above, most will write ‘Cold Calling’ at the bottom. The interesting question here is ‘Why do most sales people not like Cold Calling’? And yet, ‘how come there are those few who seem to enjoy doing it?’
In our experience we find that one of the key reasons here is Self-imposed, Self-limiting, ‘Fears’. Some examples of fears in the minds of sales people I have met and conversed with are:
- I personally don’t like the idea of cold calling
- I don’t want to push the client
- I don’t want to be rejected
- I don’t want to be a bother
- I don’t want to say the wrong thing
- I don’t want to mess up
- The client seems to know it all
- I don’t think I’m capable of this, etc.
Many times in my career, while operating as the Business Development Head, I would feel the need to consult, coach, train and develop the younger members of my sales team to overcome these personal blocks. Interestingly, offering a lucrative ‘incentive’ or adopting a ‘hire and fire’ policy or sending them to an expensive ‘training program’ never completely solved the problem (as many of us would have realized over the years). What was really required was a deeper ‘inner’ work. It would all begin with trying to find out what exactly is the fear/s that holds the sales person back from reaching his/her full potential. And, then systematically dissolving those blocks through a series of ‘thought-through’ actions!
For example, breaking the Sales Cycle into many smaller achievable Milestones! By doing so, you allow the sales person to experience many more, and more frequent ‘Wins’. Experiencing Wins, works like magic. Ask any sales person and s/he will vouch on its magic.
Similarly in Cold Calling! If you are able to limit the expected outcome from a Cold call, to manageable levels, you may actually start enjoying the process. Eg. Asking the gatekeeper, ‘Hi, I’m here to find out who is in charge of the xyz department. I would like to take an appointment’. ‘Which number should I dial?’
A sales person I knew would make cold calls hoping to get to the decision makers right away. Of course, he had a huge failure rate. Common sense tells us that from amongst many reasons, some of the ‘frustrations’ that the sales guy was bound to face were:
- Mr xyz is busy at the moment
- Mr xyz is not in town
- Leave a message/ write an email
- Call up the board line and seek appointment
Obvious as this may be; I’m amazed to find that some sales people actually do not realize the futility of their actions until the time they are ‘Coached’ about it. And, then it becomes a big ‘aha’ for them. Suddenly, we have a more ‘aware’ sales person.
A word of caution:
Some may continue to make futile cold calls as they have to fill in a ‘Daily Sales Report’ at the end of the day and justify to their Sales Managers how ‘hard’ they have been working. Let me assure you - no amount of ‘Skills’ based training will help or change the individual here. If you find your company to be in this unfortunate situation, its time to visit the doctor! I of course, am referring to a Sales Consultant. A huge amount of ‘inner’ work is required in this situation and a re-look at the existing Sales Processes (including the Recruitment Processes).
(For those who want to learn more about overcoming Fear, you may want to also read about scientific techniques such as ‘Affirmations’, ‘Emotional Freedom Technique (EFT)’, etc. Assigning a Sales Coach is another very good option)
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Today’s recall of 245,000 Lexus vehicles and the more than 12 million vehicles that Toyota has recalled in just over a year has gotten more drivers thinking about the possibility that it could happen to them. We are living in what seems to be the age of the recall, with reports of serious vehicle flaws and defects seeming to crop up every few days.
What is really happening is that safety recalls are getting more public and media attention than they used to. Car makers have discovered certain advantages to taking control of a bad situation by letting customers know as soon as possible that a recall is coming. As a result even problems with vehicles that seem minor are making news because car companies don’t want to appear to be hiding anything.
So what should you do if you receive a notice from your car’s manufacturer or hear on the news that your make, model and year of vehicle is part of a recall? Here are three things you can do to make the process as painless as possible:
1. Don’t panic. Car companies tend to be conservative and often err on the side of caution. So recalls tend to be precautionary and are often based on problems found on a small percentage of a particular make and model of vehicle.
Sure, you hear about the occasional high-profile cases in which cars are losing wheels on the highway, but more often the defects that lead to recalls are more often related to electronic glitches, fluid leaks and fasteners that may not be tight enough. The problems are potentially serious and should be fixed quickly, but rarely do you need to stop driving your car until it is repaired.
2. Act quickly. Don’t wait around after finding out about a recall. Contact your dealer and make an appointment for repairs as soon as possible. If you find out about a recall online or through other media before receiving the manufacturer’s notice, give the dealer a call. You may be able to get the work done sooner. If not, you can at least get closer to the front of the line.
Car makers often wait to accumulate the needed repair parts before notifying customers about recalls. But dealers may already have the parts and be willing to get going on the fixes right. It’s worth a try.
3. Keep track of recalls and safety-related investigations by checking the National Highway Traffic Safety Administration’s site periodically. Recall notices are often posted there long before car companies notify owners.
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Planning on going fishing soon? Here are 10 purchases you may need to make.
1. You won't get too far without a fishing rod, but choosing the right one isn't always easy. Size, style and weight are all important factors to consider when making your choice.
2. You're also going to need fishing lines and the key here is to go for high quality, with reliability and functionality topping the list of criteria.
3. Luring the fish, means getting the right type of bait. The type of fish you plan on catching will help you to make the right decision.
4. You are going to need a good reel and spool, too. There are lots of styles and brands out there, so it's well worth doing a bit of research before you buy.
5. If you want some way of keeping all of your equipment and accessories together, a fishing bag could be a worthwhile purchase.
6. If you are planning on doing your fishing from a standing position in the river, a good pair of waders will be needed to keep you warm and dry.
7. On the other hand, if you are more likely to be standing on the side of the river, a pair of wellington boots may be a more appropriate purchase.
8. Torches frequently come in handy for fishermen, so you may want to invest in a good one.
9. A durable pair of trousers that also offer plenty of comfort will be useful, especially as you may be sitting out in potentially cold and wet weather for long periods of time.
10. For the same reason, a high quality waterproof jacket could be a vital addition to your fishing wardrobe.
So, whether you're in the market for a new rod or some fishing lines, you're going to need a good supplier to help you. They can help you to choose the right fishing accessories and equipment for the type of fishing you intend to do. For instance, you may require fly fishing lines and require some expert advice.
John Norris provides high quality outdoor clothing and equipment to help you enjoy activities such as fishing and shooting. So for everything from waterproof clothing to a new fishing reel, why not visit ByTrade.com today?
Global Free b2b buy sell marketplace: www.bytrade.com Be it a big or a small organization, bookkeeping is one of the important procedures that has to be followed by all the business houses irrespective of their size. Bookkeeping is all about recording financial transactions of an organization or a company. The financial transactions can range from purchase to sales and from petty cash to payroll taxes. Traditionally, big companies appoint expert accountants or certified bookkeepers to manage their financial transactions who need to be paid. But, a person with small business do not necessarily need such expert accountants, as financial transactions of small companies are lesser and smaller compared to big ones and many times small companies cannot even afford to pay high salaries to professional accountant. So, how do they manage small business bookkeeping then? Well, the good news is that the market is flooded with small business bookkeeping softwares that allow the user to manage his daily transactions very efficiently. To know more about the high end softwares that provide best small business bookkeeping services, read on... Reviews of Small Business Bookkeeping SoftwaresGiven below are brief small business bookkeeping software reviews about some efficient and popular softwares that would help you choose the most appropriate one for your organization: AccountEdge Accounting Software: This is one of the most versatile small business bookkeeping softwares for windows. It allows you to perform various accounting processes at the same time and suffices multitasking. Its unique feature is that it is endowed with inventory command center including multiple pricing level, multiple billing rates, etc. Apart from usual bookkeeping essentials, it also has more than two hundred reports that can be personalized as per the needs and requirements of each business. Peachtree Complete Accounting Software: The latest version of this software is made to cater the different needs of users from all business backgrounds. This software has Inventory and Services Management Center that helps you in tracking and evaluating the inventory matters and services effectively. Another important thing about this software is that it is multi user and hence many people at the same time can use this software. Sage Simply Accounting Software: If you are an international businessman, then this software is for you. This software can help you work in different languages as switching the language is very easy with this software. Apart from daily small business bookkeeping, it also helps you produce reports and documents that are necessary for small businesses. This software is also featured with e-commerce and Internet by which you can manage the accounting from any part of the world. Intuit QuickBooks Accounting Software: It is one of the widely used and highly popular small business bookkeeping software that is dowered with nifty softwares. It is available in various editions, such as, Pro, Online, Basic, and Premier, etc., that you can choose from as per your business needs. It has some great characteristics that help you maintain the history of your clients and their detailed transactions and allows you to take a view of your due and overdue invoices, etc. Apart from the above small business bookkeeping softwares, you can go for NetSuit Software, Mamut Accounting Software, DacEasy Accounting Software, Cougar Mountain Software, etc, which are equally good. These softwares come with various features and applications that are unique to each business industry. But, before you buy them, you must analyze the needs and requirements of your business and buy the software accordingly that suits your business well. For better deals, you can browse the Internet where some of the best small business softwares can be bought for bargain price that can save you a lot of money. You also have the option to go for online accounting softwares and some of them are also free small business bookkeeping softwares that can save you a lot of money. So get going and start managing the financial transactions of your business on your own.
WASHINGTON — President Barack Obama on Tuesday warned the future prosperity of the United States is at risk unless it significantly boosts investment in education and scientific research, telling Americans the country is facing a "Sputnik moment" that will define whether it leads or follows on the global stage. In his annual state of the union address, Obama bluntly told the nation it "lags behind" other countries in academic achievement and said America's "lead has slipped" in vital areas of physical and digital infrastructure. But Obama also sought to rally Americans by comparing the challenge of competing against emerging economic giants such as China and India to the U.S. space race against the Soviet Union in the 1950s and 1960s. "Half a century ago, when the Soviets beat us into space with the launch of a satellite called Sputnik, we had no idea how we would beat them to the moon. The science wasn't even there yet. NASA didn't even exist," Obama told a joint session of Congress. "But after investing in better research and education, we didn't just surpass the Soviets . . . we unleashed a wave of innovation that created new industries and millions of new jobs. This is our generation's Sputnik moment." Obama's call for targeted spending to boost American competitiveness came in tandem with a broader message of fiscal austerity designed to position himself in the political centre as the U.S. edges closer to the start of the next presidential campaign. The president proposed a five-year freeze on discretionary federal spending — a belt-tightening plan that would not extend to budget-busting entitlement programs including Social Security, Medicare and Medicaid, or to national security. The plan would lower America's $1.3-trillion annual deficit by $400 billion over the next decade, Obama said. But the president said he would not allow budget cuts to come at the expense of additional funding requests for biomedical research and clean-energy technology — a pet issue for Obama. The president said he will also seek more money to train math and science teachers, citing statistics showing the U.S. had slipped to ninth in the world in the proportion of young people with college degrees. "We have to do better," he said. "The future is ours to win, but to get there we can't just stand still." While the nationally televised address was mostly short on specifics, Obama challenged Congress and the country to embrace a series of long-term goals. They include a proposal to generate 80 per cent of the nation's electricity from clean-energy sources by 2035; to provide access to high-speed rail for 80 per cent of Americans in 25 years and to "deploy the next generation of high-speed wireless coverage" to 98 per cent of the country in five years. "At stake is whether new jobs and industries take root in this country, or somewhere else. It's whether the hard work and industry of our people is rewarded," he said. "It's whether we sustain the leadership that has made America not just a place on a map, but a light to the world. We are poised for progress." Obama's speech comes at time of lingering uncertainty about the nation's economic recovery and the health of the U.S. job market, with the unemployment rate stuck at 9.4 per cent. Despite his sober assessment of America's lack of competitiveness, Obama said he was confident about the country's potential to rebound if lawmakers make the right choices. "The world has changed. The competition for jobs is real. But this shouldn't discourage us. It should challenge us," he said. It was Obama's second official state of the union address and his first to a Congress no longer fully controlled by Democrats. Almost three months after his party endured a midterm election "shellacking" that put Republicans in control of the House of Representatives, Obama's address came as he is enjoying a political rebound in the polls. A CNN/Opinion Research survey this week put Obama's approval ratings at 55 per cent. The president's renewed popularity is being credited in large measure to his December tax-cut deal with Republicans — a compromise that angered his Democratic base but was popular among independent voters. He received near-universal praise for the recent speech he delivered on political civility following the attempted assassination of Arizona congresswoman Gabrielle Giffords. Obama returned to the themes of his Tucson speech on Tuesday night, in words and symbolism. The White House's guests for the state of the union included the parents of nine-year-old Christina Taylor Green, the civic-minded girl who was killed during the Tucson rampage. The Green family and Daniel Hernandez, the 20-year-old political intern credited with saving Giffords' life, were seated with first lady Michelle Obama for the speech. "There's a reason the tragedy in Tucson gave us pause. Amid all the noise and passions and rancour of our public debate, Tucson reminded us that no matter who we are or where we come from, each of us is a part of something greater — something more consequential than party or political preference," Obama said. "We are part of the American family. We believe that in a country where every race and faith and point of view can be found, we are still bound together as one people; that we share common hopes and a common creed; that the dreams of a little girl in Tucson are not so different than those of our own children, and that they all deserve the chance to be fulfilled." While robust political debate is vital to a healthy democracy, Obama said the nation deserves leaders who are not so bound to political dogma they cannot compromise in the national interest. "New laws will only pass with support from Democrats and Republicans," Obama said. "We will move forward together, or not at all — for the challenges we face are bigger than party, and bigger than politics." In a show of solidarity, members of Congress wore black-and-white ribbons to honour Giffords, who is now recovering from her wounds at a rehabilitation facility in Texas. The Democratic lawmaker's seat in the House chamber sat empty during Obama's speech. Members of Congress also broke from the decades-old tradition of sitting in partisan blocs for the speech. Instead, Democrat and Republican members of Congress paired up for "dates" and sat next to each other to listen to the president. The show of bipartisan unity among lawmakers in the House chamber did little to mask the significant political differences that are likely to result in a budget battle this spring between Republicans and the White House. GOP leaders said proposed spending freeze would make a minimal dent in the federal deficit. And in a symbolic vote ahead of Obama's speech, the Republican-controlled House voted to slash federal spending to levels prior to passage of the $787-billion stimulus bill in 2009. The problem with Obama's proposal is that "it freezes in place an extraordinary increase in spending that's occurred over the last two years," Senator Mitch McConnell, the Republican minority leader in the Senate, told reporters. "So it strikes most of us that the effort by the House of Representatives to get us back to 2008 spending levels would be the direction to go if we really wanted to have an impact on our annual deficit problem." Global Free b2b buy sell marketplace: www.bytrade.com
If you wish to become a real estate giant, you must know how to prepare a real estate investing business plan. It helps you achieve success within stipulated time.
Real estate is one of the booming sectors and everyone wants to make a mark here. There is a lot of competition and only those with vision, passion, and ability to work hard can achieve this success. In this field, one of the most important things a businessman should be aware of, is a real estate investing business plan. It basically includes creating a written outline that evaluates the economic viability of your business venture based on real estate investment. It helps you define your objectives, that is what you want to achieve from this particular business venture. It also helps you focus on your goals, aims and targets.
A carefully designed real estate investing business plan can also help you attract more lenders, investors, and banks. It makes you look neat, professional and reliable, which is very important for the investors so that they can trust you and believe in your abilities. It also helps you find out probable weaknesses and shortcomings in your plan that you can improve upon. So you know how important is a business plan for real estate investing. Given below is a business plan template that would help you create your own.
Sample Real Estate Investing Business Plan
Executive Summary
In this section, you are supposed to write the long term vision and mission of your business venture. Here your should provide the reader with brief introduction to the entire business plan. As the name suggests, you should pen down the overall business plan in a summarized manner. You must also mention your objectives and start-up details along with some general information about your business.
Company Background
In this section, you should write about the entire history of the company, the people associated with the company and its journey so far. The kind of ownership of the company, something about the owners of the company, etc., also should be mentioned here. Achievements of the company so far. If its a new company, then why and how the company is established, who is it inspired by, etc., should be mentioned in this section.
Market Research and Business Strategies
Here you should write about your target industry, customers and real estate financing status, etc. You should give the detailed description of the real estate investing industry you wish to work with. Apart from this, you should also mention about your understanding about the industry and how would you like to work with the difference. You should also write about the business model you have already established or planning to design. Also mention the business strategies you have formulated based on your market research analysis.
Marketing Plan
Here you should mention everything about real estate marketing plan including how you are going to market your new business. Give detailed information about promoting and marketing strategies, including which medium you will choose to advertise, how frequently you would engage in this activity, how much budget is allotted for advertising, etc. And to decide these things you need to study the opponents and identify your USP and plan accordingly. All this has be mentioned in this plan so that readers come to know about the viability of your business plan.
Financial Plan
You must write how you are going to start this business venture and from where the initial money coming from. You also need to mention the probable profit and loss you are expecting. You must describe the entire begetting plan with adequate details. Also mention the sales projection and implementation plans of all the projects. This helps the investors ensure that you are not involved in any illegal activities and its safe to be associated with you.
Assumptions
In this section you would mention the assumptions related to your business venture and the industry. For example, you can make assumptions about the interest rates or growth rates etc based on the background research of the industry and your business plan. This helps the investors understands your confidence level as well as your risk calculation abilities. It also give them a chance to know about your thinking process and your perception about the industry.
Management Summary
In this summary you should appeal and motivate the people to work with you. This is quite similar to closing statement where you should mention that goals are realistic and you have the manpower and strategies to reach these goals. You have to write this last piece in such way that your faith in this business venture should be seen clearly from your words. You should promising and regressive language that would make the readers live your dream.
You can personalize the above real estate investing business plan template as per your needs and choice. Use a catchy and simple language that is easy to understand. A rightly and precisely designed formulated real estate investing business plan is sure fetch great success to you.
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Catering services is certainly one of the best businesses to start in 2011. Read on to know more about few other good businesses to start in 2011...
Starting your own business is the best thing you can do if you do not want to worry about work timings and taking orders from superiors. Starting a business on a small scale does need a certain amount of capital and hard work at first, but after the business gestation period it can become profitable consistently. There are some considerations to be taken in mind before planning for a business; like making a business plan, arranging for finances, hiring resources, and setting up other necessities. Let us take a look at some of best businesses to start in 2011 which have a capability of generating a decent amount of income.
Best Businesses to Start in 2011
Catering Services
Starting a food catering service is one of the best small businesses to start in 2011. In order to set out with this kind of business, you need to do a simple market research regarding this niche in your locality. Check out other catering services in your neighborhood and find out what they are not offering, and understand how they work, and all about their functions and services. The start-up capital required for this small business opportunity is believed to be ranging from $500 to $1,000, but this again depends on whether you hire a facility or do the job at home.
Online Businesses
Due to the advent of Internet technology and almost every person having access to it, there are many different business opportunities that have come up to earn money using online resources. You simply need to have an Internet connection and understand the correct techniques of making money online. There are many online money making concepts such as article writing, affiliate marketing, blogging, online product selling, and many others. It is a good idea to design a website and include good informative content on it, which can be used for top rankings on websites and thus online advertising possibilities.
Automobile Towing and Car Maintenance
This is one of the best small businesses to start for men who want to earn an extra income. In order to get into this small business, you will need to have some resources such as the technical knowhow and the tools required for the job. You can hire a truck, start an automobile towing service, and if possible even start offering services for basic car maintenance. Those who want to start this business on a medium scale, will have to invest a good amount of money. Be it on a small or a large scale, it is suggested to adhere to the licensing requirements and other local formalities. Automobile towing and car maintenance is one of the most lucrative small businesses that is believed to never go out of demand.
Video Game Retail
In the list of top ten businesses to start in 2011, video game retail business also comes in a prominent slot. The video game industry is a billion dollar industry which is ever growing with time and technology. Though you may need to invest a large amount initially for the stock and selling arrangements, the business would later start to generate regular income. For being successful in this business, make sure you provide the best customer service with products at an attractive price. Along with selling video games, you can even offer music, movies and other entertainment. You may also purchase arcade machines for letting customers play classic games.
These are some of the best businesses to start in 2011. There are many other business options that can generate good revenue such as landscaping services, student tutoring, driving schools, and fashion designing and interior designing. Be it for starting any kind of small or large business, make sure you consider the licensing requirements in your city or state.
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