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    The Types of Business Organizations Part 2
    The other type of business organization is the limited liability organization. These entities can take many forms. These forms are: (1) a limited liability partnership; (2) a limited liability company; (3) a limited liability limited partnership; and (4) a corporation. Note that there are various forms of corporations (such as an S-corporation, a close corporation, and a closely-held corporation), but these are conversations for another day.Like the unlimited liability entities, these limited liability entities have pros and cons. First, and most obviously, these limited liability companies, as the name suggests, limits your liability. You are liable (some exceptions apply such as piercing the corporate veil) only up to the amount of your investment. Therefore, if you investment two thousand dollars ($2,000) into a corporation, and the company has debts, you are only liable up to your two thousand dollar ($2000) investment.Second, all of these entities, except a corporation, are not subject to double taxation. Unfortunately, a corporation is subject to this double taxation. For example, if the company makes X amount of dollars, the corporation is taxed on these dollars. In addition to being taxed on that money, any distributions the corporation makes to shareholders is also taxed. Therefore, the same dollar is getting taxed twice.Last, it is easier to raise capital because you can sell interests in thes
    ables

    Somebody is going to have to carry out the actual work to produce whatever is delivered from your project. Even if the deliverables might be small and don't take much time to produce, they should still be written down. By documenting these things and then having them reviewed by others allows errors to be found. Your aim should be to document a detailed enough set of descriptions of the products to be delivered.

    These descriptions will then be used by the people who will produce the deliverables. Even if these descriptions take no more than a page of text, it is important to write them in a clear and unambiguous way. If you don't write down a description, it means that the person making the deliverable can interpret what is required in unexpected ways which will only result in work being done later to correct the mistakes. So, always define and document the deliverables.

    Project planning

    If you were to walk up Mount Everest, you would never do i

    Good Customer Service - Simple, But Not Easy
    Over the years I’ve realized that giving great customer service is simple, but not easy. I imagine that you’ve read many customer service articles. You may have heard many new approaches to serving customers. Perhaps you’ve tried to reach the finish line with your customers, only to come up short. Giving great service, like running marathons, is simple, but not easy. It’s what you do every day, every mile that makes the difference. It’s the little things you do over and over, so perserverance is the key.Developing your plan for showing customers you value them, and then on race day, when your customers choose you, having the dedication and determination to see it through is simple, but not easy! Keep up the right training, and before you know it, you will have crossed the finish line. I’d like to draw a parallel to make my point. Back in my early teens my Dad was a heavy smoker. He smoked nearly 3 packs a day. I remember, with way too much detail, how he would cough and cough out the window as we drove down the expressway.One day, he announced, “It’s time for me to quit smoking and start running!” He asked for company on his first run. At the time, I was small and skinny (those were the days) and ripe for a new challenge. We ended our first run at the Dairy Queen, where we ordered hot fudge sundaes and called Mom for a ride home. All exercise should end this way, don’t you think! The next year we ran the
    As both an active project manager and project management trainer, I often get asked whether the project management best practices that are applicable for large projects can be applied on smaller projects. This is a really important question and one which all project managers must face up to when managing small projects.

    Focusing on project delivery

    One of the arguments against using project management methodologies is that they are very process-centric resulting in vast quantities of project documentation which are simply not practical or desirable on small projects. This is a powerful argument and any method which focuses on producing documentation at the expense of delivering the real business benefits of the project will be a hindrance rather than a benefit. After all, the name of the game in project management is delivering business objectives, not producing reams of documents.

    There is an ongoing and active discussion within the software development community about the best way to produce software on projects. More recently, some software professionals have argued for more agile methods of producing software rather than the more traditional heavyweight methods which focused on producing vast quantities of documentation.

    Agile methods focus on delivery of software rather than documentation. With this in mind, I think project managers everywhere can learn something from the agile methods employed in software development. In short, this leads us to focus on project delivery rather than project documentation, although the critical choice project managers everywhere need to make is how much documentation is really necessary?

    Apply the best practices

    I am a firm believer in only producing as much as is required by the project. Nothing more and nothing less. A simple rule of thumb is: if it's useful in helping us to deliver the business objectives of the project then produce it, if it isn't useful in helping us to deliver the business objectives of the project then don't waste time to produce it. With this in mind, I believe that in all projects, at a minimum it is best to apply project management best practices.

    Let’s consider the best practices in turn and see whether or not the overhead lost in applying best practices is worth the benefits which can be gained.

    Defining objectives and scope

    Even on the smallest project there will be objectives which must be achieved. As a project manager, it is in your interest to define what these objectives are since you are likely to be assessed on whether the project meets those objectives. It is your responsibility to ensure the project meets those objectives and you are accountable for this. In short, the book stops with you.

    Now suppose you don't define and write down what the objectives are, you are always going to be at the mercy of any boss who decides he's got it in for you. The defined and documented set of objectives is your insurance policy against your manager later coming along and saying you didn't meet the objectives.

    However, there is another reason why you still need to define and document the objectives even on a small project. You want to satisfy the needs of the stakeholders since that is what you are paid to do as a project manager. If the objectives aren't defined, then you won't be able to meet those needs through your project.

    Similarly with defining the scope. The scope forms the boundary of your project. If you don't define what it is, the likelihood is that it will grow and grow as the project progresses and although you might have started managing a very small project, before long your project could become very much bigger than when you set out.

    You still need to document who are the stakeholders on a small project as well. By defining who these are, you can ensure that you cover all of their needs when you define the objectives and deliverables.

    Defining deliverables

    Somebody is going to have to carry out the actual work to produce whatever is delivered from your project. Even if the deliverables might be small and don't take much time to produce, they should still be written down. By documenting these things and then having them reviewed by others allows errors to be found. Your aim should be to document a detailed enough set of descriptions of the products to be delivered.

    These descriptions will then be used by the people who will produce the deliverables. Even if these descriptions take no more than a page of text, it is important to write them in a clear and unambiguous way. If you don't write down a description, it means that the person making the deliverable can interpret what is required in unexpected ways which will only result in work being done later to correct the mistakes. So, always define and document the deliverables.

    Project planning

    If you were to walk up Mount Everest, you would never do it

    An Information Technology Consultant Can Make Business Simple for Customers
    As an information technology consultant, you can assure that you get more repeat customers by making it easy for them to do business with you. An information technology consultant that makes work seem easy for clients will also gain a good reputation within his community.Simplicity Is KeyAs an information technology consultant, you need to keep it simple for every customer in order to get through to him. Techniques for making things easy for your customer include quick phone response, immediate e-mail contact and in-home visits.Quick Phone and E-Mail ResponseMany customers have probably already spent time with other informational technology consultant firms waiting for customer service to speak with them. You can make yourself stand out by ensuring this never happens to your prospects. Make it a policy to return calls yourself within two hours or less; your prospects will feel more important, and be more receptive to your proposals. You should apply the same quick-time response to e-mails. You can give customers the option of sending you e-mails or even set up a website to manage their questions and concerns.In-Home ConsultationsAn information technology consultant can boost business with in-home or in-office visits. You should schedule a specific time to meet with the client, rather than giving a three-hour window of possible times you or one of your consultants will show up on-site.
    out the best way to produce software on projects. More recently, some software professionals have argued for more agile methods of producing software rather than the more traditional heavyweight methods which focused on producing vast quantities of documentation.

    Agile methods focus on delivery of software rather than documentation. With this in mind, I think project managers everywhere can learn something from the agile methods employed in software development. In short, this leads us to focus on project delivery rather than project documentation, although the critical choice project managers everywhere need to make is how much documentation is really necessary?

    Apply the best practices

    I am a firm believer in only producing as much as is required by the project. Nothing more and nothing less. A simple rule of thumb is: if it's useful in helping us to deliver the business objectives of the project then produce it, if it isn't useful in helping us to deliver the business objectives of the project then don't waste time to produce it. With this in mind, I believe that in all projects, at a minimum it is best to apply project management best practices.

    Let’s consider the best practices in turn and see whether or not the overhead lost in applying best practices is worth the benefits which can be gained.

    Defining objectives and scope

    Even on the smallest project there will be objectives which must be achieved. As a project manager, it is in your interest to define what these objectives are since you are likely to be assessed on whether the project meets those objectives. It is your responsibility to ensure the project meets those objectives and you are accountable for this. In short, the book stops with you.

    Now suppose you don't define and write down what the objectives are, you are always going to be at the mercy of any boss who decides he's got it in for you. The defined and documented set of objectives is your insurance policy against your manager later coming along and saying you didn't meet the objectives.

    However, there is another reason why you still need to define and document the objectives even on a small project. You want to satisfy the needs of the stakeholders since that is what you are paid to do as a project manager. If the objectives aren't defined, then you won't be able to meet those needs through your project.

    Similarly with defining the scope. The scope forms the boundary of your project. If you don't define what it is, the likelihood is that it will grow and grow as the project progresses and although you might have started managing a very small project, before long your project could become very much bigger than when you set out.

    You still need to document who are the stakeholders on a small project as well. By defining who these are, you can ensure that you cover all of their needs when you define the objectives and deliverables.

    Defining deliverables

    Somebody is going to have to carry out the actual work to produce whatever is delivered from your project. Even if the deliverables might be small and don't take much time to produce, they should still be written down. By documenting these things and then having them reviewed by others allows errors to be found. Your aim should be to document a detailed enough set of descriptions of the products to be delivered.

    These descriptions will then be used by the people who will produce the deliverables. Even if these descriptions take no more than a page of text, it is important to write them in a clear and unambiguous way. If you don't write down a description, it means that the person making the deliverable can interpret what is required in unexpected ways which will only result in work being done later to correct the mistakes. So, always define and document the deliverables.

    Project planning

    If you were to walk up Mount Everest, you would never do i

    The Freelancers Field Guide to Contract Work
    **** What is Outsourcing? ****Outsourcing is a great way to earn extra money or even a full time living. When a company outsources its work this means they are looking for people outside the company (you) to complete jobs for them on a contract or short term basis. Most freelance work can be found on freelance marketplaces across the internet. For a list of freelance websites search Google, or some of the freelance directories available.**** Getting Started ****The first thing that you should do is compile your past work history into a portfolio. Many freelance websites allow you to post your work online. The other option is to open a free hosting account and place your work into an online demonstration of your ability. Include references, past work, testimonials and anything else that highlights your talents. One thing this should not be is in resume format. The internet changes a lot rules for hiring employees and freelancing is changes them even more. Here you will find that experience and ability weigh more heavily in a hiring decision then education or status.******* Getting Hired Today *******The easiest way to find contract or freelance work is to visit one of the many freelance marketplaces available on the internet. A majority of the websites are divided into two sections, one for Freelancers (you) and the other for Project Managers (people looking to hire you)
    ss objectives of the project then don't waste time to produce it. With this in mind, I believe that in all projects, at a minimum it is best to apply project management best practices.

    Let’s consider the best practices in turn and see whether or not the overhead lost in applying best practices is worth the benefits which can be gained.

    Defining objectives and scope

    Even on the smallest project there will be objectives which must be achieved. As a project manager, it is in your interest to define what these objectives are since you are likely to be assessed on whether the project meets those objectives. It is your responsibility to ensure the project meets those objectives and you are accountable for this. In short, the book stops with you.

    Now suppose you don't define and write down what the objectives are, you are always going to be at the mercy of any boss who decides he's got it in for you. The defined and documented set of objectives is your insurance policy against your manager later coming along and saying you didn't meet the objectives.

    However, there is another reason why you still need to define and document the objectives even on a small project. You want to satisfy the needs of the stakeholders since that is what you are paid to do as a project manager. If the objectives aren't defined, then you won't be able to meet those needs through your project.

    Similarly with defining the scope. The scope forms the boundary of your project. If you don't define what it is, the likelihood is that it will grow and grow as the project progresses and although you might have started managing a very small project, before long your project could become very much bigger than when you set out.

    You still need to document who are the stakeholders on a small project as well. By defining who these are, you can ensure that you cover all of their needs when you define the objectives and deliverables.

    Defining deliverables

    Somebody is going to have to carry out the actual work to produce whatever is delivered from your project. Even if the deliverables might be small and don't take much time to produce, they should still be written down. By documenting these things and then having them reviewed by others allows errors to be found. Your aim should be to document a detailed enough set of descriptions of the products to be delivered.

    These descriptions will then be used by the people who will produce the deliverables. Even if these descriptions take no more than a page of text, it is important to write them in a clear and unambiguous way. If you don't write down a description, it means that the person making the deliverable can interpret what is required in unexpected ways which will only result in work being done later to correct the mistakes. So, always define and document the deliverables.

    Project planning

    If you were to walk up Mount Everest, you would never do i

    The Great Debate
    There is a debate that has surfaced in the skip trace world in the past few years.No, we are not talking about the battle over paper or plastic or even the cola wars. Should you use real skip tracers or just databases? This has crossed the mind of more than one collection manager. There are pros and cons to each side.Let’s take a look at just using databases first. It starts with subscribing to a database which offers name, address, phone number and so on. You input the information you have onto the request screen and request new information. The updated information is then returned to you. Usually it is not very (a relative term) expensive. You then use the information recently obtained to collect funds, property or whatever you are after. When it is described like that it sounds perfect doesn’t it?Unfortunately now for the down side. The database companies work very hard at keeping their information up to date and some of them are very reputable companies. That being said, here is how it works. The database companies mainly get their information the same ways. Everything from magazine subscriptions to public records are mixed together to get information on everyone. However, even with their best attempts, it does not take long to become outdated. The database companies claim that they are kept up to date most of the time. But, that is the same thing as saying, we have just skip traced every person in the countr
    policy against your manager later coming along and saying you didn't meet the objectives.

    However, there is another reason why you still need to define and document the objectives even on a small project. You want to satisfy the needs of the stakeholders since that is what you are paid to do as a project manager. If the objectives aren't defined, then you won't be able to meet those needs through your project.

    Similarly with defining the scope. The scope forms the boundary of your project. If you don't define what it is, the likelihood is that it will grow and grow as the project progresses and although you might have started managing a very small project, before long your project could become very much bigger than when you set out.

    You still need to document who are the stakeholders on a small project as well. By defining who these are, you can ensure that you cover all of their needs when you define the objectives and deliverables.

    Defining deliverables

    Somebody is going to have to carry out the actual work to produce whatever is delivered from your project. Even if the deliverables might be small and don't take much time to produce, they should still be written down. By documenting these things and then having them reviewed by others allows errors to be found. Your aim should be to document a detailed enough set of descriptions of the products to be delivered.

    These descriptions will then be used by the people who will produce the deliverables. Even if these descriptions take no more than a page of text, it is important to write them in a clear and unambiguous way. If you don't write down a description, it means that the person making the deliverable can interpret what is required in unexpected ways which will only result in work being done later to correct the mistakes. So, always define and document the deliverables.

    Project planning

    If you were to walk up Mount Everest, you would never do i

    How To Spot The Right Person
    Someone recently asked me: 'Sital; I've got a good number of candidates for my vacancy. How do I make sure I choose the right person?' Here are some ideas that will help you.Essentially you need to have a really clear idea about what you want, so that you can target your interviewing questions specifically at assessing candidates' suitability against these criteria, then make an objective decision around this - along with a healthy dose of common sense and instinct.Many small businesses have a rough idea in their heads about the type of person they are looking for and then have an unplanned, unfocused conversation (the interview) and then hire a candidate that they 'like' and have a good 'gut instinct' about. But they often realise within days or weeks that they hired the wrong person....Here are some steps that will help:1. Have a full job specification for the role you are fillingWhat type of experience & knowledge, skills, personality and values are right for the role and your business? What level of ambition are you looking for; how long do you expect someone to stay in the role before they move on? Invest some time now and you will ensure you avoid wasting time interviewing and potentially offering roles to the wrong people.2. Be clear what your job criteria "look like"What exactly does "first-class customer service" mean to you? How do you know when you see it? What exactly does
    ables

    Somebody is going to have to carry out the actual work to produce whatever is delivered from your project. Even if the deliverables might be small and don't take much time to produce, they should still be written down. By documenting these things and then having them reviewed by others allows errors to be found. Your aim should be to document a detailed enough set of descriptions of the products to be delivered.

    These descriptions will then be used by the people who will produce the deliverables. Even if these descriptions take no more than a page of text, it is important to write them in a clear and unambiguous way. If you don't write down a description, it means that the person making the deliverable can interpret what is required in unexpected ways which will only result in work being done later to correct the mistakes. So, always define and document the deliverables.

    Project planning

    If you were to walk up Mount Everest, you would never do it without a considerable amount of planning. Even if you walk up the hill at the back of your house, there is probably some planning involved - what time do you go? What should you take with you? It is the same on even the smallest project where you will still need to work out which activities are required to produce a deliverable, estimate how long the activities will take, work out how many staff and resources are required and assign activities and responsibilities to staff.

    All of these things need to be written down and communicated effectively to the project team members. I've seen lots of people become unstuck because they think they need to use some kind of project management planning software such as Microsoft Project. This is an unnecessary overhead. I've noticed that people tend to waste too much time making their Microsoft Project Gantt charts look pretty, so that they lose sight of the reason why they are using the tool.

    Instead, for small projects I find that creating a bar chart in Microsoft Excel is the best. It is simple and more than adequate for small projects. Just make each column a sequential date, write your tasks in the first column, and fill in the cells to represent the time the activity takes.

    In addition to the bar chart, you will need to document the milestones on the project. Milestones are the dates by which you need to deliver certain things, or may be the date on which a major activity ends. The responsibilities of each project member must also be documented in the project plan.

    Communication

    Even in the smallest project team comprised of just a project manager and one other person, the project manager will still need to assign tasks and responsibilities to the other person. It can't be assumed that they will know what they should do without it being effectively communicated from the project manager. If the project manager doesn't assign them specific activities, then the chances are they will go ahead and work on things which are not needed by the project. So, either the project will end up delivering the wrong things, or the project will get delayed since time will need to be spent later on doing the activities which should have been done earlier.

    You can communicate the plans via email, or give a print out of the plan to your project team member(s), or better still, call a meeting and run through the plan with the project team members. Remember, if the plan changes, you will also need to communicate the changes to your team as well.

    Tracking and reporting progress

    If we still consider our two person project team - the project manager and one other person - the project manager will need to know the progress of the activities which the other person is working on. This can be done in a variety of ways: a short daily email detailing the work completed, the work still left to do, and a list of any issues/problems. In most cases this will be sufficient.

    Alternatively a short 15 minute face to face catch up can accomplish the same thing. Or a combination of the two things might be best. In any event, the project manager still needs to be fully aware of the progress that is being made so that progress can be tracked effectively.

    Change management

    Even on our two person project, changes are likely to occur. Requests for change usually come from stakeholders and it is your responsibility as project manager to assess the impact of accepting these into the project. To do this, you need a good estimate of the impact the change will have in terms of the extra effort and cost involved. This will often impact the schedule as well, so by having a clear understanding of how the schedule and budget will be affected you can make the decision as to whether or not you will accept the change into your project.

    On a small project there shouldn't be any need for any fancy change control board to decide if the change is accepted. A quick disc

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