Category: Financial Planning

By Louis Lim

To start and sustain a new business is a very exciting and challenging enterprise for most people but it entails the greatest risk of failure. Many wide-eye entrepreneurs go into a new enterprise, unfortunately, with more aspirations than common sense and put themselves at more dangers of failure than necessary.

Most new entrepreneurs go into their ventures with often a correct mindset i.e. to be their own bosses and make financial successes of them. However, like in any human enterprise, success requires more than motivation but an essential set of knowledge and skills. The simple formula for success is generally motivation, knowledge and skills.

However, there are four essential things that a new entrepreneur must know to succeed. The first is to know you have customers to sell to and you can provide for what they need. This is called ‘Having A Ready Market’. A new entrepreneur more often calls on customers they already know when they were working somewhere else or have ready customer who ask for their services when they start. Starting with customers is the best reason for a new business. This becomes harder with retail and knowing how to find the best location becomes a challenge.

The next thing for success in business is mastering marketing. It’s basically about communicating with and selling to your customers. It can be as basic as having or being a good sales person. The chances are if you have no selling skills you are less likely to succeed in business. And this applies whether you are doing a conventional business or Internet Marketing! Marketing in general, entails more than direct selling; it is about promoting your product or services successfully to your clientele. Your objective is to create a reputation or brand which people trust so that they would consistently buy from you. Having consistent sales is what makes a company succeed!

The next essential factor for a company’s success is how a business is financially managed. The many dramatic failures in the corporate world in recent times had often to do with company insolvency. For a new entrepreneur, understanding financial management and cash flow is critical. Failure to understanding cash flow is one of the main reasons why a company fails.

Last but not least, for a company to have success, the management must know how to deploy its resources. This could be about how to motivate and deploy its employees in furthering the company’s marketing and financial objectives. Also knowing how to allocate funds for running the business or acquiring essential assets is another operational requirement. There are also other resources like technical or intellectual resources. For this, an entrepreneur either learns the operational skills himself or employs one who knows them.

A simpler way to learn how to start a business without having to master the complexities of a conventional business is internet marketing. For anyone, going through an internet marketing course would allow the basics of entrepreneurship to be acquired. The author’s resource box below would lead you to a very excellent program. Starting a business would not be as difficult. Wishing you every success! Louis Lim

About the Author: Louis Lim is a highly experienced Certified Management Consultant who promotes entrepreneurship as basic skills for financial security! Louis has identified Internet Marketing as the latest opportunity for those seeking financial independence. He has decades of experience consulting for many firms and mentors many business people. He shares his business skills on the internet. To learn a skill how on to make money online, go to TheSuperFastAffiliate.com

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By Himfr Paul

Planning and Finance Ministry of Commerce and the Institute of International Trade and Economic Cooperation 28, 2003 release, “China’s foreign trade situation,” Prospects of the 2004 report of the world economy and world trade, the overall situation. Report that the overall situation continues to become better, and still need to focus on related issues.

Four factors influence can not be ignored:

First, the export tax rebate system reform on exports can not be ignored.

Since January 1, 2004, China will implement a new export tax rebate policy to reduce export tax rebate rate will increase the cost of export enterprises, export expansion may affect the enthusiasm, some enterprises had been in the protection of the low-profit goods may be give up the export of some labor-intensive products face intense competition may be forced to withdraw from the international market, thus making the total expansion of China’s export growth and the impact of varying degrees. Meanwhile, the export tax rebate increment after the implementation of the central and local share, will lead to less new export tax rebates and limited inter-regional issues such as acquisition, also need attention.

Second, trade protectionism, the threat of China’s export growth further increased.

In recent years, a variety of trade protectionism against China acts of the rise, the development of export trade to China pose a serious threat. Therefore, we should attach great importance to the development trend of international trade protectionism, to take effective countermeasures to prevent its employment in China, foreign exchange income and social stability of the possible negative impact.

Third, WTO transition period after the response to a very difficult task.

In 2004 after China’s accession to W TO commitments to fulfill the crucial year, most of the transitional measures would expire at the end of 2004.

From December 2003 onwards, distribution, insurance, banking, transportation, telecommunications, advertising and other services, not only opening up geographic expansion, and foreign stocks than increasing, reducing barriers to entry; in 2004 to abolish the oil, natural rubber, some Automotive and parts of 50 tariff lines of products of non-tariff measures, tariff quotas for agricultural products and fertilizer will further increase capacity. This will make China’s accession to WTO is facing after the response more difficult task that requires great attention caused by the parties concerned.

Fourth, China’s trade balance may have been changed.

Since the second half of 2002, as export growth than import growth continues to significantly cut China’s trade surplus. View from 2004, export growth might fall sharply, while domestic demand will remain high level, long-standing trade surplus situation may be broken. From the Chinese macro-economic level, the trade surplus in a given period of reduced or even deficit, on the domestic economy will not cause a significant impact, its impact on China’s economic development more dependent on the structure of imports. If the macro-control on the import structure of misconduct, may impact certain domestic industries vulnerable. Therefore, the need to give full attention to the structure of imports and import of changes in trend.

Will Play a Positive Role in Promoting the Four

First of all, developments in major economies, the current global economy is increasingly clear signs of accelerating recovery.

Speed up economic recovery in Japan and the U.S., the world’s investment pick up, stabilize international oil prices and other favorable factors have led to the overall world economy and trade situation will be further to the good. Expected annual growth rate of world economy in 2004 expected to reach 4.1%, developed and developing countries economic growth will be 2.9% and 5.0%, higher than the level this year. World trade will continue to rise, annual growth rate of world merchandise trade is expected to reach 5.4%, much higher than 2.9% in 2003. Global transnational direct investment will also be bottoming out, there may be a moderate recovery.

Second, the international commodity market conditions in 2004 warmed, the price rise.

Accelerate the pace of economic recovery in the world, led by the international commodity markets is expected in 2004, demand and prices will be General Improvement. Bulk agricultural products affected by supply and demand factors, prices are generally bullish in 2004. Total world supply of steel products than the total demand, but the developed countries caused by economic restructuring, the continued cuts to the international market prices of steel products will show a recovery trend. Textile market, increasing international competition, but countries around the world, the high demand for textiles is constantly increasing. Mechanical and electrical products, IT products in the international market has taken the lead to restore the economy. The international oil market supply and demand becomes more balanced, in 2004 oil prices expected to remain at 22-28 dollars per barrel “normal price range.

Third, the developed countries in the ascendant wave of industrial restructuring and the transfer, import and export for China to expand trade scale and create more opportunities.

Currently, to multinational companies led by information technology represented a new round of worldwide industrial restructuring and the transfer process in the ascendant. With the gradual improvement of the world economic situation, will promote the international direct investment to become more active again. In recent years, China’s investment environment has improved, especially the Yangtze River, Pearl River Delta has the two advantages of industrial clusters, foreign capital continued to flow into China, the prospect of better foreign direct investment-led growth of China’s import and export trade even open space.

Fourth, China will continue to maintain rapid economic growth, institutional policy environment tends to improve.

From the current trend of economic development, China’s economy has entered a new round of growth cycle. In 2004, China will adhere to the principle of expanding domestic demand, continue to implement the proactive fiscal policy and prudent monetary policy, national economy will maintain a rapid growth momentum is expected to more than 7% GDP growth is expected. Plenary Session on perfecting the socialist market economic system to a comprehensive plan and work plans, a longer period in 2004 and China’s economic and trade development will have a significant positive impact.

Report said, internal and external environment does not occur if major changes, the initial estimated, in 2004 China’s foreign trade growth Rengqiang stable Di, but considering the high base year, import and export, the export tax rebate rate down Deng factors, import and export Maoyitebie is export growth will likely come down significantly.

About the Author: I am a professional editor from China Manufacturers, and my work is to promote a free online trade platform. http://www.cheaponsale.com/ contain a great deal of information about waist pack leather,clothes steam iron,italian leather chair, welcome to visit!

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By R Daniel Williams

You cannot obtain a bond on a new home as the bank won’t grant you the bond unless you have a Pennsylvania homeowner’s insurance policy which must be taken out for the full time that your bond exists. This type of insurance only covers the house itself and any outbuildings that may be on the property like the garden shed and your garage as well as any other outdoor fixtures.

When you buy a new home and you are taking out a bond one of the requirements from the bank is that you have a pa homeowner’s insurance for the full duration of the bond term. The insurance policy will cover the main building as well as the outbuildings. In addition your pool will also be covered and you must insure against fire, theft, lightening, water damage, earthquakes and so on. Make sure your policy covers everything.

If you house has a thatched roof which is very prone to burning or may even be struck by lightning you need insurance as well as a lightening conductor. You need to cover any damage which may occur to your geysers as well. Just make sure that as well as your home insurance you have full comprehensive cover for everything else as well.

With a homeowner’s insurance policy they can separately include all the other valuables which you need to insure as well as items such as burst water pipes or maybe someone comes onto your property and vandalizes it breaking windows and so on.

Pennsylvania home Insurance companies usually send an agent out to visit the property which is to be insured and the assessor will check the property like the construction as well as the roof or thatch and check all the out buildings and will make notes of any damages as well as the condition of your buildings. A check on the suburb will also be assessed.

In order to find the best policy that suits your requirements you have to shop around which can be tiring but well worth it in the end and every one that you contact ask as many questions as possible like what does the homeowners insurance policy include, are there restrictions and what benefits do you get from the policy, is the house paid for by the insurance on death.

You also need to find out how much you have to pay in if you need to make a claim and for how long will the premiums last for, will it be a year or shorter at the same price and will the premiums go up if yes by how much will the cost go up.

Also make sure you look into what kind of reputation the Pennsylvania homeowner’s insurance company has and when making a claim do they pay out promptly or do they run with a load of excuses. Find the best deal you can as home insurance can be rather costly so research will ultimately save you money even though it could take some time to find a reputable company it is well worth the effort.

About the Author: Univ of Pitt Grad 1984 Founded Williams Agency 1986 Offering Big Savings on Pennsylvania Homeowners Insurance

Better Rates on Pennsylvania Homeowners Insurance

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