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Other Added - The Process of Preparation
Does this sound like you?* You're spending way too much time trying to network online and are on networking overload.* You're trying to keep up with all the threads that relate to your business in all the social networking groups you've joined.* You're also monitoring all the discussion lists you're on looking for an opportunity to jump in and share your pearls of wisdom with the others on the list.* You're afraid to keep track of the hours you spend in online networking because whatever the number is, it's way too high.* You've just gotten an invitation to join yet another social networking group and while you're very flattered, you realize if you join one more group in an effort to network your way to a full client roster, you won't need any new clients because you'll be out of business* You're spending so much time trying to master online networking that you've totally neglected the face-to-face networking that has been working for millions of people for centuries. (Come on, how do you think people built their businesses before the Internet came along?)I mean, seriously, how much time can you afford to take away from your work to keep current on all the goings on in all the online networking groups you belong to without your business starting to spiral downward?There is a solution to all t
4. Resumes – Make certain that you have resumes on yourself and all principals involved on the project. In your resumes, don’t just list your work and educational history; provide some background into who you are and what activities you’re involved in. Remember these people don’t know you and this information is all they have to go on. So list things like your hobbies, community activities, charities, etc… When providing your resume, you should try to paint a complete portrait of yourself and in the best light.
5. References – If at all possible, enlist your friends and former co-workers to write character references about you. Similarly to the resumes, this type of information can fill any potential holes or gaps that may linger with respects to who you are and what your capabilities may be as a business owner.
6. Terms – In your business plan or proposal, plan how you want to pay the loan back and diagram the parameters in your plan. The lender will see that you’ve put much thought in this project and how to execute its success. Make certain that your parameters are reasonable and marketable. The more you appear as if you understand what you’re doing, the more qualified they will view you.
These are just some of the fundamentals you can employ on each and every project you pursue. The intricacies may vary with the complexity of each project and based on your personal dynamics and your business longevity. The most popular question from applicants is “How long will it take to get the funding?” The appropriate answer is that you must remember to “respect” the process. The answer to that popular question is “That depends on you.” If you respect the process and are properly prepared
Many of us are so wrapped up in our business that we don’t have a chance to step back and reflect for a moment, on who we are in our lives. This is a problem that all of us face at one time or another whether we are a corporate executive or a live at home parent. I can remember being a child growing up in middle class America wondering what it would be like to have all the material wealth in the world. While still in grade school, who I be was a kid whose only concerns were Saturday morning cartoons and what mom was cooking for diner. As time went on and I learned the “rules” of my parents house, as much as I just wanted to be, I created this story that I could no longer be, and had to do the things necessary to live in my fathers house, by following his rules.After I moved out of my parents house, I created this story that I was tired of doing the things that my parents made me do and saw all the things that I could have with my new found freedom. I began working and started having all these new material possessions. I also had to worry about what I had to do in order to pay the bills so I could thrive. As my business began to grow and the money started to come in a little easier, I began to acquire the things that I always wanted to have.Life was great, more money was coming in and I was having more possessions. I was doing the t
In life, a process that begins properly will increase the chance of accuracy all the way through and a successful conclusion. The world of commercial finance can be complicated as every project is unique. There are many programs and products available but every application is as different as the applicant. The part of this process that is universal is the preparation. Some may tell you that luck is the residue of preparation but in reality, preparation is the prerequisite for sustained success. Whether you are starting a business or seeking to expand one, the fundamentals of preparation cannot be forsaken and discipline must be applied. This article intends to address the commercial loan process and how one begins a business and sustains growth and prosperity.
Starting a business for the first time can seem like one of the most difficult things you do but if you view it as a process and not a destination, the journey will be far more pleasurable and the rewards, more sweet. Some people like to dive right in and start plotting and planning how much money they’ll make and how they’re going to make all this money. Such a dive may often be a flop, as it lacks meaning. Aristotle once said: Life without purpose has no meaning. The purpose of diving right in appears correct, as one eagerly rushes to make money but what’s the meaning of starting your own business and have you defined the parameters? So to begin, let’s explore some procedures of the process.
1. Define who you are? – Yes, that means exactly what it states. This part is scientific but you don’t need to be a scientist or a psychologist or even a psychiatrist, as none of those professionals will ever know you as well as you know yourself. For instance, if a man is seven feet tall then he probably shouldn’t be entering into the field of becoming a horse jockey. It’s not a question of “can” he succeed but it’s a matter of what the reasons are that no horse jockeys are seven feet tall. Unless that is a burning desire that won’t fade, he’s better off seeking more reasonable measures. Once defining the science of who you are, you must then explore the art of who you are. The art of who you are is your characteristics, your imagination and thoughts and how you express those traits in your respective society. Understanding your art will assist you in how you locate your market and how your skills are best exhibited. If for instance you lack patience, then you probably shouldn’t be working with children, as patience is an essential component to working with the youth along with multiple other characteristics. Defining who you are is paramount to choosing what type of business you start because your business will lack an identity and you will struggle to understand why. The most important part of this stage is to be honest with yourself and make your determinations in private.
2. Define who you want to be. – Again, this means exactly what it states. The science of who you want to be can only begin once you’ve discovered who you already are; otherwise you will remain confused and frustrated. If you are over the age of 25 and six feet tall, chances are that you will never be seven feet tall, therefore this idea would be nothing more than an illusion and your desires must be redirected. If you are right-handed and aspire to be ambidextrous then it only follows that you must commit yourself to using your left hand when other options are available. If you do not speak Spanish and would like to engage the Spanish market, then of course you must learn to speak the language. Thereto, you must again explore the art of who you are. If you aspire to work with children and know you lack patience, then you must place yourself in situations that command patience until you’ve mastered the art. Deciding who you want to be is again a process and one that requires these decisions to be made in private, as no one can fully understand your dreams.
Now you feel good that you’ve properly identified yourself and your dreams. You’ve chosen a business that is suitable to your needs and supplies your visions. These conversations with yourself have been ongoing for quite sometime but I assure you that you’re not crazy and don’t need to be admitted to a mental institution. This is all just part of the process. Before you rush out to apply for all the necessary paperwork, let’s take some other proper measures.
1. Meet with an Accountant – Preferably, you want to meet with a CPA but a Tax professional will do. You don’t need to meet with a tax attorney because they usually help people get “out” of trouble and we are planning for you to not get into any [trouble]. Whatever tax professional you choose, you must provide them with full disclosure so they can properly assist you. The Accountant must understand your current income and tax status and what type of business you are starting. They also must know how much you expect to make and how much you need for you and your family. This part of the process is crucial and when forsaken, many find themselves in arrears with the IRS or worse, in court. Tax planning accounts for one-third to one-half of all wealth in America which should enable you to understand its significance. Try to meet with at least two tax professionals before you begin.
2. Meet with an Attorney – Depending on the type of business you’re starting, you may need to meet with more than one type of attorney. One of those attorneys should be a Corporate Attorney. Again, you must provide full disclosure because this is the only way they can properly guide you and your business. Despite all the lawyer jokes in America, Attorneys provide an invaluable service to the public and are even more essential to starting and building a formidable business. Most businesses involve real estate in some form or fashion, so I also recommend you visit a Real Estate Attorney and explain your current situation and what your intentions are to become. This advice will broaden your perspective and enlighten your goals as you venture forward. Again, try to meet with two Corporate Attorneys prior to your beginnings.
3. Meet with a Finance Specialist – That term appears broad because it is, therefore you must refine and limit it based on your limitations. Those starting a business will understand that all businesses require funds and funds can be accessed from multiple venues. If you are planning to begin a business in your home, you may want to speak with a Residential Mortgage Broker. This person can speak to you about home equity loans, second mortgages, lines of credit and what your options are based on your equity. If you are seeking a business loan, you need to speak with a Commercial Finance Consultant and they will tell you what you need to do and how to achieve your goals. If you have a relationship with your current bank, then make an appointment and your local bank should be able to answer many of your questions and explain your options as well. A Banker can explain all the parameters of institutional lending with you but just remember that business lending goes far beyond the limitations of a bank. Try to meet with two Finance Consultants before making your determinations.
There are many misconceptions about what it takes to achieve a commercial loan. We hope to overcome those misconceptions by providing insightful and accurate information that will guide and assist you. Since there are literally dozens of types of loans, we’ll stick to the basics and work from there. Remember, this is a process.
1. Executive Summary – The first item you want to prepare is a summary of your project. This summary will discuss the project and how much money it will require to complete the project and the projected time frame. This doesn’t need to be elaborate as it is a “summary” and the plan is a separate format. Since some projects are larger and more detailed than others, this can be anywhere from 1 to 5 pages. Ideally, you want your summary to be 1 or 2 pages to keep things simple.
2. Business Plan – If you are starting a business or venturing a major project, you will need an actual business plan. If the project is very simple, a proposal will suffice. A well-written business plan will include a marketing strategy based on data research and cost projections based on industry trends. It’s always wise to include a risk analysis to display not only that you understand your industry but to further enhance that you know what you’re doing.
3. Financials – Personal and business financials should be organized and readily available. For your personal finances, prepare 3 years of history but a financial statement will suffice to begin. For your business, there should be a profit and loss statement, balance sheet or operating statements available. The criteria for each loan is different and don’t anoint yourself qualified to make those judgments. Leave it to the banks.
4. Resumes – Make certain that you have resumes on yourself and all principals involved on the project. In your resumes, don’t just list your work and educational history; provide some background into who you are and what activities you’re involved in. Remember these people don’t know you and this information is all they have to go on. So list things like your hobbies, community activities, charities, etc… When providing your resume, you should try to paint a complete portrait of yourself and in the best light.
5. References – If at all possible, enlist your friends and former co-workers to write character references about you. Similarly to the resumes, this type of information can fill any potential holes or gaps that may linger with respects to who you are and what your capabilities may be as a business owner.
6. Terms – In your business plan or proposal, plan how you want to pay the loan back and diagram the parameters in your plan. The lender will see that you’ve put much thought in this project and how to execute its success. Make certain that your parameters are reasonable and marketable. The more you appear as if you understand what you’re doing, the more qualified they will view you.
These are just some of the fundamentals you can employ on each and every project you pursue. The intricacies may vary with the complexity of each project and based on your personal dynamics and your business longevity. The most popular question from applicants is “How long will it take to get the funding?” The appropriate answer is that you must remember to “respect” the process. The answer to that popular question is “That depends on you.” If you respect the process and are properly prepared,
Forgive what may seem like a bit of a theoretical argument today. Sometimes you have to step back and get a sense of the biggest picture in order to understand how all the simple, practical parts relate.Small business is often held together with sweat, creativity and a heavy use of duct tape. (In case you ever wondered where I came up with the term Duct Tape Marketing.) That's the outer reality of small business. The inner reality, the part that most don't see and even the owner of the business might not understand, is more like a living breathing ecosystem.I didn't really excel in science in school, but to me the parallel is obvious. In an ecosystem, the many parts are dependent upon each other for success. In a small business, this is equally true and just as hard to measure and control.There are lots of small businesses out there that appear healthy and happy on the outside but are being held back by some component of the overall system. The very first thing you must do is acknowledge this idea of dependant parts. If one isn't thriving, isn't even noticed, others will suffer.It's very hard to have a healthy business if the employees don't feel appreciated. It's very hard to have a healthy business if clients don't know how your business is unique. It's very hard to have a healthy business if your referral partners don't kno
2. Define who you want to be. – Again, this means exactly what it states. The science of who you want to be can only begin once you’ve discovered who you already are; otherwise you will remain confused and frustrated. If you are over the age of 25 and six feet tall, chances are that you will never be seven feet tall, therefore this idea would be nothing more than an illusion and your desires must be redirected. If you are right-handed and aspire to be ambidextrous then it only follows that you must commit yourself to using your left hand when other options are available. If you do not speak Spanish and would like to engage the Spanish market, then of course you must learn to speak the language. Thereto, you must again explore the art of who you are. If you aspire to work with children and know you lack patience, then you must place yourself in situations that command patience until you’ve mastered the art. Deciding who you want to be is again a process and one that requires these decisions to be made in private, as no one can fully understand your dreams.
Now you feel good that you’ve properly identified yourself and your dreams. You’ve chosen a business that is suitable to your needs and supplies your visions. These conversations with yourself have been ongoing for quite sometime but I assure you that you’re not crazy and don’t need to be admitted to a mental institution. This is all just part of the process. Before you rush out to apply for all the necessary paperwork, let’s take some other proper measures.
1. Meet with an Accountant – Preferably, you want to meet with a CPA but a Tax professional will do. You don’t need to meet with a tax attorney because they usually help people get “out” of trouble and we are planning for you to not get into any [trouble]. Whatever tax professional you choose, you must provide them with full disclosure so they can properly assist you. The Accountant must understand your current income and tax status and what type of business you are starting. They also must know how much you expect to make and how much you need for you and your family. This part of the process is crucial and when forsaken, many find themselves in arrears with the IRS or worse, in court. Tax planning accounts for one-third to one-half of all wealth in America which should enable you to understand its significance. Try to meet with at least two tax professionals before you begin.
2. Meet with an Attorney – Depending on the type of business you’re starting, you may need to meet with more than one type of attorney. One of those attorneys should be a Corporate Attorney. Again, you must provide full disclosure because this is the only way they can properly guide you and your business. Despite all the lawyer jokes in America, Attorneys provide an invaluable service to the public and are even more essential to starting and building a formidable business. Most businesses involve real estate in some form or fashion, so I also recommend you visit a Real Estate Attorney and explain your current situation and what your intentions are to become. This advice will broaden your perspective and enlighten your goals as you venture forward. Again, try to meet with two Corporate Attorneys prior to your beginnings.
3. Meet with a Finance Specialist – That term appears broad because it is, therefore you must refine and limit it based on your limitations. Those starting a business will understand that all businesses require funds and funds can be accessed from multiple venues. If you are planning to begin a business in your home, you may want to speak with a Residential Mortgage Broker. This person can speak to you about home equity loans, second mortgages, lines of credit and what your options are based on your equity. If you are seeking a business loan, you need to speak with a Commercial Finance Consultant and they will tell you what you need to do and how to achieve your goals. If you have a relationship with your current bank, then make an appointment and your local bank should be able to answer many of your questions and explain your options as well. A Banker can explain all the parameters of institutional lending with you but just remember that business lending goes far beyond the limitations of a bank. Try to meet with two Finance Consultants before making your determinations.
There are many misconceptions about what it takes to achieve a commercial loan. We hope to overcome those misconceptions by providing insightful and accurate information that will guide and assist you. Since there are literally dozens of types of loans, we’ll stick to the basics and work from there. Remember, this is a process.
1. Executive Summary – The first item you want to prepare is a summary of your project. This summary will discuss the project and how much money it will require to complete the project and the projected time frame. This doesn’t need to be elaborate as it is a “summary” and the plan is a separate format. Since some projects are larger and more detailed than others, this can be anywhere from 1 to 5 pages. Ideally, you want your summary to be 1 or 2 pages to keep things simple.
2. Business Plan – If you are starting a business or venturing a major project, you will need an actual business plan. If the project is very simple, a proposal will suffice. A well-written business plan will include a marketing strategy based on data research and cost projections based on industry trends. It’s always wise to include a risk analysis to display not only that you understand your industry but to further enhance that you know what you’re doing.
3. Financials – Personal and business financials should be organized and readily available. For your personal finances, prepare 3 years of history but a financial statement will suffice to begin. For your business, there should be a profit and loss statement, balance sheet or operating statements available. The criteria for each loan is different and don’t anoint yourself qualified to make those judgments. Leave it to the banks.
4. Resumes – Make certain that you have resumes on yourself and all principals involved on the project. In your resumes, don’t just list your work and educational history; provide some background into who you are and what activities you’re involved in. Remember these people don’t know you and this information is all they have to go on. So list things like your hobbies, community activities, charities, etc… When providing your resume, you should try to paint a complete portrait of yourself and in the best light.
5. References – If at all possible, enlist your friends and former co-workers to write character references about you. Similarly to the resumes, this type of information can fill any potential holes or gaps that may linger with respects to who you are and what your capabilities may be as a business owner.
6. Terms – In your business plan or proposal, plan how you want to pay the loan back and diagram the parameters in your plan. The lender will see that you’ve put much thought in this project and how to execute its success. Make certain that your parameters are reasonable and marketable. The more you appear as if you understand what you’re doing, the more qualified they will view you.
These are just some of the fundamentals you can employ on each and every project you pursue. The intricacies may vary with the complexity of each project and based on your personal dynamics and your business longevity. The most popular question from applicants is “How long will it take to get the funding?” The appropriate answer is that you must remember to “respect” the process. The answer to that popular question is “That depends on you.” If you respect the process and are properly prepared
Do you know the TOP 5 THINGS you should look for in a Wholesale Directory..?1) MUST have a huge variety of goods including Products* Must have suppliers for at least 75 categories of goods.* Must have listed manufacturers, wholesalers and dropshippers* Must have legitimate and authentic suppliers for both generic goods and brand-name goods, including at least Gucci, Prada, D&G, Versace, Polo, YSL, Seven, etc.* Must have staff working 7 days a week, available to answer your questions and find suppliers if they're not already listed in our directories.2) MUST list legitimate, reliable suppliers.* All wholesalers must meet minimum standards of service, especially secure payment methods.* Must anonymously purchase from different suppliers and then rate them on price, speed, quality and service!* Must have ratings from other members as well as INDEPENDENT REVIEWERS* Must list the good suppliers, and also the ones not recommend. Knowing who you can't trust is as important as knowing who you can trust.3) MUST cater for home businesses wanting low order quantities.* Must have suppliers for you regardless of how much of an item you're wanting to buy. 1 item or 1000.* Must have a large directory of dropshippers more than willing to supply single items or small quantities.a mental institution. This is all just part of the process. Before you rush out to apply for all the necessary paperwork, let’s take some other proper measures.
1. Meet with an Accountant – Preferably, you want to meet with a CPA but a Tax professional will do. You don’t need to meet with a tax attorney because they usually help people get “out” of trouble and we are planning for you to not get into any [trouble]. Whatever tax professional you choose, you must provide them with full disclosure so they can properly assist you. The Accountant must understand your current income and tax status and what type of business you are starting. They also must know how much you expect to make and how much you need for you and your family. This part of the process is crucial and when forsaken, many find themselves in arrears with the IRS or worse, in court. Tax planning accounts for one-third to one-half of all wealth in America which should enable you to understand its significance. Try to meet with at least two tax professionals before you begin.
2. Meet with an Attorney – Depending on the type of business you’re starting, you may need to meet with more than one type of attorney. One of those attorneys should be a Corporate Attorney. Again, you must provide full disclosure because this is the only way they can properly guide you and your business. Despite all the lawyer jokes in America, Attorneys provide an invaluable service to the public and are even more essential to starting and building a formidable business. Most businesses involve real estate in some form or fashion, so I also recommend you visit a Real Estate Attorney and explain your current situation and what your intentions are to become. This advice will broaden your perspective and enlighten your goals as you venture forward. Again, try to meet with two Corporate Attorneys prior to your beginnings.
3. Meet with a Finance Specialist – That term appears broad because it is, therefore you must refine and limit it based on your limitations. Those starting a business will understand that all businesses require funds and funds can be accessed from multiple venues. If you are planning to begin a business in your home, you may want to speak with a Residential Mortgage Broker. This person can speak to you about home equity loans, second mortgages, lines of credit and what your options are based on your equity. If you are seeking a business loan, you need to speak with a Commercial Finance Consultant and they will tell you what you need to do and how to achieve your goals. If you have a relationship with your current bank, then make an appointment and your local bank should be able to answer many of your questions and explain your options as well. A Banker can explain all the parameters of institutional lending with you but just remember that business lending goes far beyond the limitations of a bank. Try to meet with two Finance Consultants before making your determinations.
There are many misconceptions about what it takes to achieve a commercial loan. We hope to overcome those misconceptions by providing insightful and accurate information that will guide and assist you. Since there are literally dozens of types of loans, we’ll stick to the basics and work from there. Remember, this is a process.
1. Executive Summary – The first item you want to prepare is a summary of your project. This summary will discuss the project and how much money it will require to complete the project and the projected time frame. This doesn’t need to be elaborate as it is a “summary” and the plan is a separate format. Since some projects are larger and more detailed than others, this can be anywhere from 1 to 5 pages. Ideally, you want your summary to be 1 or 2 pages to keep things simple.
2. Business Plan – If you are starting a business or venturing a major project, you will need an actual business plan. If the project is very simple, a proposal will suffice. A well-written business plan will include a marketing strategy based on data research and cost projections based on industry trends. It’s always wise to include a risk analysis to display not only that you understand your industry but to further enhance that you know what you’re doing.
3. Financials – Personal and business financials should be organized and readily available. For your personal finances, prepare 3 years of history but a financial statement will suffice to begin. For your business, there should be a profit and loss statement, balance sheet or operating statements available. The criteria for each loan is different and don’t anoint yourself qualified to make those judgments. Leave it to the banks.
4. Resumes – Make certain that you have resumes on yourself and all principals involved on the project. In your resumes, don’t just list your work and educational history; provide some background into who you are and what activities you’re involved in. Remember these people don’t know you and this information is all they have to go on. So list things like your hobbies, community activities, charities, etc… When providing your resume, you should try to paint a complete portrait of yourself and in the best light.
5. References – If at all possible, enlist your friends and former co-workers to write character references about you. Similarly to the resumes, this type of information can fill any potential holes or gaps that may linger with respects to who you are and what your capabilities may be as a business owner.
6. Terms – In your business plan or proposal, plan how you want to pay the loan back and diagram the parameters in your plan. The lender will see that you’ve put much thought in this project and how to execute its success. Make certain that your parameters are reasonable and marketable. The more you appear as if you understand what you’re doing, the more qualified they will view you.
These are just some of the fundamentals you can employ on each and every project you pursue. The intricacies may vary with the complexity of each project and based on your personal dynamics and your business longevity. The most popular question from applicants is “How long will it take to get the funding?” The appropriate answer is that you must remember to “respect” the process. The answer to that popular question is “That depends on you.” If you respect the process and are properly prepared
Congratulations! You’ve decided to publish an ezine. But where do you begin? As with anything, at the beginning.Before you write your first word there are some decisions you need to make. Ask yourself these 5 questions:1.What is the topic of your ezine?This may seem like a silly question if you are far enough along in the process that you know you want to publish an ezine, but you would be surprised how many ezines are out there that seem to have no solid topic. They seem to be there for the sole purpose of taking up space in their subscriber’s email inbox, of which there are few.Don’t let this happen to you. It takes far too much work to publish an ezine to not have a specific topic of interest to the masses. And, yes, no matter what topic you decide to dedicate your ezine to, there are potentially hundreds or thousands of readers waiting to subscribe, if your topic is specific enough to capture their interest.So, decide on a topic that is specific enough to generate interest but broad enough to allow you to fill unlimited issues with valuable information.2.What is the purpose of your ezine?Although this may seem like the same question you just asked yourself, it isn’t. Here I want you to take a look at what you hope to get out of publishing your ezine.Perhaps your intention in publishing an ezine
There are many misconceptions about what it takes to achieve a commercial loan. We hope to overcome those misconceptions by providing insightful and accurate information that will guide and assist you. Since there are literally dozens of types of loans, we’ll stick to the basics and work from there. Remember, this is a process.
1. Executive Summary – The first item you want to prepare is a summary of your project. This summary will discuss the project and how much money it will require to complete the project and the projected time frame. This doesn’t need to be elaborate as it is a “summary” and the plan is a separate format. Since some projects are larger and more detailed than others, this can be anywhere from 1 to 5 pages. Ideally, you want your summary to be 1 or 2 pages to keep things simple.
2. Business Plan – If you are starting a business or venturing a major project, you will need an actual business plan. If the project is very simple, a proposal will suffice. A well-written business plan will include a marketing strategy based on data research and cost projections based on industry trends. It’s always wise to include a risk analysis to display not only that you understand your industry but to further enhance that you know what you’re doing.
3. Financials – Personal and business financials should be organized and readily available. For your personal finances, prepare 3 years of history but a financial statement will suffice to begin. For your business, there should be a profit and loss statement, balance sheet or operating statements available. The criteria for each loan is different and don’t anoint yourself qualified to make those judgments. Leave it to the banks.
4. Resumes – Make certain that you have resumes on yourself and all principals involved on the project. In your resumes, don’t just list your work and educational history; provide some background into who you are and what activities you’re involved in. Remember these people don’t know you and this information is all they have to go on. So list things like your hobbies, community activities, charities, etc… When providing your resume, you should try to paint a complete portrait of yourself and in the best light.
5. References – If at all possible, enlist your friends and former co-workers to write character references about you. Similarly to the resumes, this type of information can fill any potential holes or gaps that may linger with respects to who you are and what your capabilities may be as a business owner.
6. Terms – In your business plan or proposal, plan how you want to pay the loan back and diagram the parameters in your plan. The lender will see that you’ve put much thought in this project and how to execute its success. Make certain that your parameters are reasonable and marketable. The more you appear as if you understand what you’re doing, the more qualified they will view you.
These are just some of the fundamentals you can employ on each and every project you pursue. The intricacies may vary with the complexity of each project and based on your personal dynamics and your business longevity. The most popular question from applicants is “How long will it take to get the funding?” The appropriate answer is that you must remember to “respect” the process. The answer to that popular question is “That depends on you.” If you respect the process and are properly prepared
Once you have several products or services that are selling quite well, your customer will begin to ask if you will permit others to use your product as the basis for training that they are doing. Or, if you are doing training or consulting, you may be asked if you'll train others to be a trainer using your system.This is the perfect opportunity for you to consider licensing your content or program. You've only got so many hours in the day, and if you have others delivering your content and/or requiring the purchase of your materials, your business will grow exponentially as a result.Here are some issues to think about as you consider licensing your content to others:1. What will you charge for a licensing fee? Will it be a one-time fee or something that has to be renewed periodically, like on an annual basis? Or, do you base it on a percentage of sales?2. Will you charge a royalty for each product sold or per participant in a training session? What systems do you need to put into place to ensure that you are being compensated appropriately for each sale? Does the fee increase when the sales volume hits a certain level?3. Is the licensing exclusive, i.e. pertinent to a particular project only, or can it be used at the licensee's discretion?4. How will you ensure that your content is being delivered appro
4. Resumes – Make certain that you have resumes on yourself and all principals involved on the project. In your resumes, don’t just list your work and educational history; provide some background into who you are and what activities you’re involved in. Remember these people don’t know you and this information is all they have to go on. So list things like your hobbies, community activities, charities, etc… When providing your resume, you should try to paint a complete portrait of yourself and in the best light.
5. References – If at all possible, enlist your friends and former co-workers to write character references about you. Similarly to the resumes, this type of information can fill any potential holes or gaps that may linger with respects to who you are and what your capabilities may be as a business owner.
6. Terms – In your business plan or proposal, plan how you want to pay the loan back and diagram the parameters in your plan. The lender will see that you’ve put much thought in this project and how to execute its success. Make certain that your parameters are reasonable and marketable. The more you appear as if you understand what you’re doing, the more qualified they will view you.
These are just some of the fundamentals you can employ on each and every project you pursue. The intricacies may vary with the complexity of each project and based on your personal dynamics and your business longevity. The most popular question from applicants is “How long will it take to get the funding?” The appropriate answer is that you must remember to “respect” the process. The answer to that popular question is “That depends on you.” If you respect the process and are properly prepared, then the process will work for you. The money is ready and willing, are you? Be prepared!
J. R. Parler
JRParler@yahoo.com
Commercial Real Estate & Finance
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