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    Incorporation: An IPO
    For a growing incorporation with increasing profitability and productivity, an Initial Public Offering (IPO) is the next logical step to take in order to obtain further financing. Once the corporation has fulfilled the requirements set by the authorities, going for listing is a fairly straightforward exercise.A corporation that wants to go public has to fulfill the Stock Exchange's listing requirements and the Securities Commission's policies and guidelines. It must also comply with legal and accounting requirements as well as equity conditions imposed by the Ministry of International Trade and Industry.As part of the listing process, the corporation will have to fulfill criteria like historical profitability, capital r
    get tripped up at this stage. We entrepreneurs are natural optimists, and as a group we have no shortage of self-confidence. As a result, we sometimes tend to anticipate unrealistic outcomes. I frequently see small business owners whose to-do list would choke a horse. A relatively short list of major initiatives is plenty for anyone’s annual plan. Better to set optimistic yet realistic goals and achieve them than to set yourself up for disappointment by expecting too much.

    So a plan is written and now it’s time to execute. Now what?

    In my daughter’s case, she still had to deal with the ordinary, day-to-day stuff ... her job, socializing, paying her bills, time with family,

    Why Outsource Jobs to Belarus
    The traditional list of countries, to outsource jobs to, includes such countries as India, Russia, China, Philippines, Ireland, the Czech Republic, Belarus and some other countries.While choosing a certain country, to outsource jobs to, many Americans are guided by the advice of their friends and colleagues, or by the common belief that India is the best country for outsourcing. However, India is not the only option here. Better say, for the US companies India is not the best country for outsourcing processes. And here are the reasons why.First of all, USA and India are countries with an absolutely opposite culture. The most obvious oppositions between India and the USA are: East-West, collectivistic-indi
    My daughter Katie recently got married. Something dawned on me as the planning wound down and the big day finally arrived. (Actually, two things dawned on me. One was the almost machine-like efficiency with which this extravaganza reduced our bank account balance. But that’s not what I’m writing about now.)

    Here’s what I noticed: Everything came off exactly as planned.

    Before you say, “So what?”, consider … There were dozens of people involved and hundreds of details to manage. Tuxedoes. Dresses. Photographers. Videos. Down-payments. A cake. A reception hall. Invitations. More down-payments. Decorations. The church. The vows. Bridesmaids. Groomsmen. You get the idea - the list goes on and on.

    It was a truly impressive display of planning your work and working your plan. Here’s what I saw:

    • It started with my daughter’s personal vision for her perfect wedding. (A long-range vision.)
    • Then, she started making lists and putting her thoughts down on paper. (Establishing goals and written plans.)
    • This, in turn, led to Katie asking various people (including me, but especially my wife Joyce) to handle assorted aspects of the operation. (Delegating - Assigning specific tasks to specific people with specific timeframes and outcomes.)
    • Katie followed up with the people involved and on the planned activities to ensure all was proceeding as expected. (Using Key Performance Indicators to measure progress and success.)
    I saw a potential lesson for small business owners. What if a small business owner planned and managed his or her business this way? Now, I know that this is not a perfect analogy. A wedding is a one-time event, and a business runs continuously. I understand that. But isn’t there something to be gleaned from such an example? For the most part, entrepreneurs know what needs to be done. The shortcoming isn’t in the knowing; it’s in the doing (or not doing.)

    Suppose Katie had established her vision, and maybe even went so far as to develop written goals and plans, and then dropped the ball. No follow-through. No delegation. No execution. The results would be predictable.

    Instead, she was passionate about her vision, was focused on her goals like a laser beam, and was committed to executing her plans.

    And so, I ask again: What if a small business owner planned and managed his or her business this way?

    Back to “knowing and doing” … Let’s assume that you know what you want to accomplish and you know what needs to be done to get there. You’ve got the “knowing” part squared away.

    Turning “knowing” into “doing” starts with a plan. Many business owners get tripped up at this stage. We entrepreneurs are natural optimists, and as a group we have no shortage of self-confidence. As a result, we sometimes tend to anticipate unrealistic outcomes. I frequently see small business owners whose to-do list would choke a horse. A relatively short list of major initiatives is plenty for anyone’s annual plan. Better to set optimistic yet realistic goals and achieve them than to set yourself up for disappointment by expecting too much.

    So a plan is written and now it’s time to execute. Now what?

    In my daughter’s case, she still had to deal with the ordinary, day-to-day stuff ... her job, socializing, paying her bills, time with family,

    50 Things To Do To Your Boss That Are Fun For You, But Not For Them
    1. You’re eavesdropping and you hear your boss has reservations at his favorite restaurant. You know, the one you can’t afford. Call them back and cancel his reservations – say you’re his wife.2. Have a friend of yours make an anonymous call to your boss saying that they know what he has been up to, possess incriminating pictures, and hang up. It will scare the bejesus out of him.3. Put chocolate ex-lax in your manager’s chocolate licorice. Not only will you feel better, it may wipe that constipated look off of his face too.4. Call the local Mormon or Jesus Christ of Latter Day Saints church and ask that they visit your house soon, only give them your manager’s home address.5. Every time your boss asks y
    st goes on and on.

    It was a truly impressive display of planning your work and working your plan. Here’s what I saw:

    • It started with my daughter’s personal vision for her perfect wedding. (A long-range vision.)
    • Then, she started making lists and putting her thoughts down on paper. (Establishing goals and written plans.)
    • This, in turn, led to Katie asking various people (including me, but especially my wife Joyce) to handle assorted aspects of the operation. (Delegating - Assigning specific tasks to specific people with specific timeframes and outcomes.)
    • Katie followed up with the people involved and on the planned activities to ensure all was proceeding as expected. (Using Key Performance Indicators to measure progress and success.)
    I saw a potential lesson for small business owners. What if a small business owner planned and managed his or her business this way? Now, I know that this is not a perfect analogy. A wedding is a one-time event, and a business runs continuously. I understand that. But isn’t there something to be gleaned from such an example? For the most part, entrepreneurs know what needs to be done. The shortcoming isn’t in the knowing; it’s in the doing (or not doing.)

    Suppose Katie had established her vision, and maybe even went so far as to develop written goals and plans, and then dropped the ball. No follow-through. No delegation. No execution. The results would be predictable.

    Instead, she was passionate about her vision, was focused on her goals like a laser beam, and was committed to executing her plans.

    And so, I ask again: What if a small business owner planned and managed his or her business this way?

    Back to “knowing and doing” … Let’s assume that you know what you want to accomplish and you know what needs to be done to get there. You’ve got the “knowing” part squared away.

    Turning “knowing” into “doing” starts with a plan. Many business owners get tripped up at this stage. We entrepreneurs are natural optimists, and as a group we have no shortage of self-confidence. As a result, we sometimes tend to anticipate unrealistic outcomes. I frequently see small business owners whose to-do list would choke a horse. A relatively short list of major initiatives is plenty for anyone’s annual plan. Better to set optimistic yet realistic goals and achieve them than to set yourself up for disappointment by expecting too much.

    So a plan is written and now it’s time to execute. Now what?

    In my daughter’s case, she still had to deal with the ordinary, day-to-day stuff ... her job, socializing, paying her bills, time with family,

    Buying an Existing Business
    One alternative to starting a business “from scratch” is to buy an existing business. To some extent, buying a business is less risky because its operating history provides meaningful data on its chances of success under our concept. We must, however, balance the acquisition cost against what the cost of a startup might have been.Small-business sales are generally (on the order of 94%) sales of assets, with no assumption of liabilities; only about 6% are sales of company stock. Often the seller finances part of the purchase; typically the buyer makes a down payment on the order of one-third of the sales price, with repayment terms of five years at market rates. Do you see any danger for the seller in financing the sale?<
    eople involved and on the planned activities to ensure all was proceeding as expected. (Using Key Performance Indicators to measure progress and success.) I saw a potential lesson for small business owners. What if a small business owner planned and managed his or her business this way? Now, I know that this is not a perfect analogy. A wedding is a one-time event, and a business runs continuously. I understand that. But isn’t there something to be gleaned from such an example? For the most part, entrepreneurs know what needs to be done. The shortcoming isn’t in the knowing; it’s in the doing (or not doing.)

    Suppose Katie had established her vision, and maybe even went so far as to develop written goals and plans, and then dropped the ball. No follow-through. No delegation. No execution. The results would be predictable.

    Instead, she was passionate about her vision, was focused on her goals like a laser beam, and was committed to executing her plans.

    And so, I ask again: What if a small business owner planned and managed his or her business this way?

    Back to “knowing and doing” … Let’s assume that you know what you want to accomplish and you know what needs to be done to get there. You’ve got the “knowing” part squared away.

    Turning “knowing” into “doing” starts with a plan. Many business owners get tripped up at this stage. We entrepreneurs are natural optimists, and as a group we have no shortage of self-confidence. As a result, we sometimes tend to anticipate unrealistic outcomes. I frequently see small business owners whose to-do list would choke a horse. A relatively short list of major initiatives is plenty for anyone’s annual plan. Better to set optimistic yet realistic goals and achieve them than to set yourself up for disappointment by expecting too much.

    So a plan is written and now it’s time to execute. Now what?

    In my daughter’s case, she still had to deal with the ordinary, day-to-day stuff ... her job, socializing, paying her bills, time with family,

    In Bed With the Enemy: How to Successfully Partner With Your Competition
    Strategic alliances are today commonplace among large corporations. The advantages allow these companies to successfully compete in the global marketplace. Powerful synergies are the outcropping of these alliances. Smaller companies can derive the same advantages through alliance relationships. In this article, I will focus on what I call Synergistic Partnering Alliances where competitors can realize great value by building relationships of integrity with one another.To begin, you must search for the perfect mate. How do you find competitors with whom who can successfully become a synergistic alliance partner? First, talk to your suppliers. They already have a great deal of experience with your competitors. They also have a good
    her vision, and maybe even went so far as to develop written goals and plans, and then dropped the ball. No follow-through. No delegation. No execution. The results would be predictable.

    Instead, she was passionate about her vision, was focused on her goals like a laser beam, and was committed to executing her plans.

    And so, I ask again: What if a small business owner planned and managed his or her business this way?

    Back to “knowing and doing” … Let’s assume that you know what you want to accomplish and you know what needs to be done to get there. You’ve got the “knowing” part squared away.

    Turning “knowing” into “doing” starts with a plan. Many business owners get tripped up at this stage. We entrepreneurs are natural optimists, and as a group we have no shortage of self-confidence. As a result, we sometimes tend to anticipate unrealistic outcomes. I frequently see small business owners whose to-do list would choke a horse. A relatively short list of major initiatives is plenty for anyone’s annual plan. Better to set optimistic yet realistic goals and achieve them than to set yourself up for disappointment by expecting too much.

    So a plan is written and now it’s time to execute. Now what?

    In my daughter’s case, she still had to deal with the ordinary, day-to-day stuff ... her job, socializing, paying her bills, time with family,

    Nonprofit Fundraising - Get Paid with Recurring Payments
    Benevolence, good will and philanthropy are honorable principles to adhere to and run by, but when bills start amassing, a nonprofit or charitable organization will not be excused from payment despite its inherent noble ideals and objectives. To make certain that all expenses will be paid - to ensure that its programs and services will remain in operation indefinitely - any nonprofit and/or charitable group must raise revenues on a consistent basis. Indeed, fundraising is so important that organizations often contract with professional fundraising firms to best determine how to continuously fill their coffers.In Post-September 11th America, the task of obtaining financial support has grown increasingly more difficult. As our eco
    get tripped up at this stage. We entrepreneurs are natural optimists, and as a group we have no shortage of self-confidence. As a result, we sometimes tend to anticipate unrealistic outcomes. I frequently see small business owners whose to-do list would choke a horse. A relatively short list of major initiatives is plenty for anyone’s annual plan. Better to set optimistic yet realistic goals and achieve them than to set yourself up for disappointment by expecting too much.

    So a plan is written and now it’s time to execute. Now what?

    In my daughter’s case, she still had to deal with the ordinary, day-to-day stuff ... her job, socializing, paying her bills, time with family, time with her fianc?, errands, and so on. Yet, because she was passionate about her vision, was focused on her goals like a laser beam, and was committed to executing her plans, she pushed through the clutter. Pushed through the distractions. Pushed through the interruptions. Discipline allowed her to turn her vision into reality. (I’m a down to earth, nuts-and-bolts guy, so I don’t want to sound too mushy, but I believe that your level of discipline is directly proportionate to your level of passion.)

    She did much of the work herself, but she also delegated much of it to my wife and to others. For many business owners, one of the following scenarios comes into play. See if you can see yourself in any of these:

    • Nobody can do it as well as I can. Therefore, I may as well do it myself.
    • By the time I show someone else how to do it, I can go ahead and do it myself.
    • I don’t trust my employees with the information they need to handle this task, so I’ll do it myself to guard the information.
    • I try delegating to my employees, but I just can’t let go. I’m there micro-managing every step of the way. So I’m 100% wrapped up in all the details, and no time is saved.
    Learning to delegate effectively is a critical skill. It was a big part of this event’s success. Fail to delegate and your enterprise will suffer. Finally, as time passed my daughter followed up with the various players to ensure that tasks were accomplished as planned. When needed, plans were adjusted and corrective action was taken. You can do the same in your business. Use your passion for your vision to muster up the discipline needed. Set optimistic yet realistic goals, develop written plans, and then focus on them like a laser beam. Commit to executing your plans, and don’t allow yourself to be stopped by day-to-day distractions. Delegate. Measure your progress and make adjustments as needed.

    Here’s my challenge to you: Make next year your break-through year. Despite past set-backs. Despite previous lack of discipline. Despite prior lack of progress. Give it your all – your best effort – for one year, and see what it does for your business.

    I’ve seen first-hand the dramatic changes that can take place in a small business in one short year. Next year can be the launching pad for your future success. It can give you the confidence and the momentum (and the cash) to build upon for years to come. Make it your best year ever.

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