Thoughts for your Business [Internet Business Digest]

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Thoughts for your Business
=======================================
How to put your negotiating skills to work for
your business?

Using negotiating skills is not always something
easy for everyone. It is going to take a while to
learn and when you are serious about doing
something the right way, you want to be sure that
you have the skills that are needed to make it.
Learning how to negotiate to better your business
is going to help you be more creative and
successful no matter what you are doing.
If you have what it takes to become a good
negotiator you will want to apply it when you can.

When you are in the middle of a negotiation, you
need to look for certain strategies to help you
become a great success. You need to be looking
terms and conditions that will help you make it
through the process. Keeping control of a
situation is going to be the best thing that you
can do for yourself.

It is true that when you are in a business, you
are going to have different views from someone
else. It is important to deal with the
differences during the negotiation and not ignore
them. You need to reach a deal so that everything
can be worked out. If you deal with these
problems effectively, it can influence the actual
results of the negotiation and get you where you
need to be.

Putting the skills that you have learned about
negotiation towards your business is important.

You need to make sure that both parties are
achieving their goals and are satisfied with the
outcome that happens. If neither you nor the
other party is happy with the outcome, this is not
going to be a good negotiation lesson. You will
need to go back through and try to work out a deal
so that you are putting your skills to work for
you.

As you grow from your negotiation skills, you will
learn that you need to be sure, in what you are
doing. The only way to be truly successful is to
make sure that you are applying all of your skills
to the situation that is on hand. Having the
ability to become successful at this is going to
get you farther than you could have ever dreamed.
It is dire to the success of the business that you
are in and how you interact with others.

Think of ways that you can build up your
negotiation skills. You may be able to apply them
to your employees or co-workers. If you are having
trouble dealing with someone or a situation, you
may need to freshen up on the right ways ideas to
handle it. There are endless opportunities for
you and the only real way to achieve your goals is
to work hard and become the success story that you
are looking for.

Being prepared and thinking ahead of the game is
going to be one way that you will be proficient in
your negotiation skills. If you are ready for
anything, you will notice that people take you
more seriously and you will be able to accomplish
more problems and be successful.

If you are having difficulty learning about good
negotiation skills, you can always sign up for a
course. There are courses online and off for you
to take advantage of. If you are looking for
something to help you be better off and make you
stronger at work, you just might find what you are
looking for with these courses. Once you learn to
use them and practice using them towards your
business, you will see your success rate start to
boom.
.
To Your Success,
Ahamed Arif
http://www.aicbusinessnetwork.com/
===============================================
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(Al Milaff Al Arabi Ath-thijaari)
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Disclaimer

Financial Requirements To Start A New Business

Finance is called the life blood of a business. Unless you have enough finance to meet your business expenditures, it is almost impossible to move it towards success, whatever the business may be.

The financial requirements for a new business can be enlisted under the following categories.

a. Cost of fixed assets including land, building plant and machinery, furniture, etc. The amount invested in these items are mostly of one-time nature and they are called fixed capital.

b. Cost of current assets including cash, marketable securities, book debts, bills receivables, inventories, etc. for the second category. The amount invested in these items is called current capital since they are recurring in nature.

c. Cost of promotion including the expenses on preliminary investigation, test marketing and legal advice, etc

d. Cost of setting up the organization

e. Cost of establishing the business. These are operating expense or losses which have to be met in the initial period of the business.

f. Cost of financing. This includes brokerage on securities and advances received, commission on underwriting, etc.,

g. Cost of intangible assets. These are called intangible since you cannot touch them physically but you can give a value to them monetarily like goodwill, patents, etc.

The first two items of the above list has to be given most importance than the rest of the items since the success of any business or concern largely depends on them generally.

How to estimate your business capital requirements?

If you promote a business you must fully aware of the fixed capital requirements. If You are not familiar in technical aspects, you can go for the assistance of technical expert.

You have to find out and add up different fixed assets by properly searching for information about them. Any error or mistake in this stage will have a long term adverse effect on your business. So, be careful enough when estimating the business capital requirements.

Usually Fixed Assets cost will be higher than the current assets cost.

In every business estimating the fixed capital requirements is based on the following factors.

They are

1. nature of the business

2. size of the business

3. scope of the business

4. extent of the period of the business

5. Contracts, Sub-contracts needed in the business

6. Technological and location factors

7. Availability of fixed assets at discounted rates

8. Economical and population trends in the business you decide to start

9. Level of Demand, need and scarcity from the point of view of the end users who are called consumers.

10. Many other factors which are not included in the above categories.

So, if you take a scientific and systematic approach while estimating the cost of business capital requirements for your business, you may open the ways of success in your business considerably.



Article Source: http://EzineArticles.com/6149713

What is a Business Project?

You can define a project as a scientifically created work plan devised to achieve a specific objective within a specific period of time.

In relation to business concept, you can say a project is a specific activity on which you spend money in expectation of profitable returns.

In technical terms, a project has to have a starting point, a specific end point and is intended to achieve a specific objective within the time frame existing between those two points.

You can also add many other attributes to a project. A project can be limited to a specific geographic location, to a set of population, a specific area of a subject, etc...

In a broad sense, a project includes all the activities which are carried out in order to achieve:

a. production of goods and or services

b. increasing the capacity of the current ongoing projects

c. increasing the productivity of the existing means of production.

From the business point of view, a project can be termed as a proposal for investment to create, expand, develop certain business activities that creates the production of goods or services in a community that gives mutual benefits to all the parties involved in the project during certain period of time.

There are many ways in which you can classify a project.

You can classify them as

1. Quantifiable and Non-quantifiable projects.

2. Sectoral projects

3. Techno-Economic Projects

On the basis of economic activities you can divide the projects into the following important divisions:

Division 0: Agriculture, Forestry, Hunting and Fishing

Division 1: Mining and Quarrying

Division 2, 3: Manufacturing

Division 4: Construction

Division 5: Electricity, Gas, Water and Sanitary Services

Division 6: Commerce

Division 7: Transport, Storage and Communications

Division 8: Services

Division 9: Activities that are not adequately described

The above divisions makes the task of classifying the projects into easily identifiable on the basis of economic activities.

How to get Ideas for your Business Project?

The first and foremost problem that one encounters before starting a business is to find out a business which will give a reasonable profit.

A businessman is really an investor so he will naturally aim at getting a reasonable profit from his investment.

So one has to first search for a sound workable business idea and gives it a practical shape. While doing this, a person may encounter a number of problems and his ultimate success will depend upon his ability and foresight to tackle various problems that he may face from time to time.

To take a scientific approach to the problems that may arise later in the business is an important element, while formulating the ideas for the project.

How to find the sources of ideas?

You can get ideas for your business from many different sources.


•Your own habits,
•interests,
•past successes and failures,
•or the story of your friend, relative, neighbors,
•experience of other persons, who surround you most of the time,
•scarcity or demand for certain products or services,
•finding out alternatives for a current problem, etc.
•You can attend exhibitions, trade fairs, etc., in your locality to get business ideas.

Also, studying number of project profiles, case studies, conducting and studying business and industrial surveys, attending meetings organized by government or private agencies, motivational courses, etc. can also considerably give ideas for your project.

Finalizing your project ideas

After collecting ideas for your business projects from different sources, do a feasibility study as which of the idea may fit for your nature.

I mean your physical, mental, spiritual attitudes.

Because if an idea does not fit into your attitude, and you take it up against your will, it may lead to failure surely.

So, you are the deciding authority. Be careful in selecting and picking up the most suitable business project idea and work on how you can develop it further, what are its pre-requisites in terms of capital, labor, technical, knowledge, location to implement it and so on.

To reach more more business resources, just go to: [http://bit.ly/aicbusinessnetwork]





Article Source: http://EzineArticles.com/?expert=Ahamed_Arif


Article Source: http://EzineArticles.com/6149691

What is marketing?

What is marketing?


Marketing is a societal process which discerns consumers' wants, focusing on a product or service to fulfill those wants, attempting to move the consumers toward the products or services offered.

Essentially, marketing is the process of creating or directing an organization to be successful in selling a product or service that people not only desire, but are willing to buy.

Marketing involves

1. Research : To find out what is the need or problem of the consumer and arriving at a solution in the form of product or service that satisfies the consumer by fulfilling his need or solving the problem he is facing.

2. Product Creation: To create the product or service on the basis of the research.

3. Planning : How, where, when to launch the product or service and how it can reach the end user.

4. Pricing : Determining the value of the product or service in terms of money in such a way that it is beneficiary to producer as well as the consumer.

5. Promotion: Implementing all the activities that prepares the consumer to be ready to buy the product or service through personal and non-personal selling like advertising, demonstration, exhibitions, etc.


You can have a best product or service in the World!

But, you cannot make a dime out of it unless you promote it.

Unless you start to tell the people that you have such and such product with so many features that will provide solution to their problems, they will not be aware of it.

In today's world, three methods of promotion are available.

1. Traditional Offline Promotion using print and digital media, campaigns, retailing, wholesaling, demonstrations, trade shows, etc.,

2. Online Promotion using internet, email, websites, ezines and newsletters, online teleconferences, webinars, etc.

3. Combined Online & Offline Promotion: By combining both the offline and online promotional techniques, you can be very much successful in doing your business.


Ezine Publishing - Why Publish an eZine?

On the Internet, it is very possible to make money without selling any product. One way of doing so is through starting your own eZine, also known as an electronic newsletter.

Today there are thousands of electronic magazines called 'ezines' in every niche of the business and there are lot more untapped niches are there in the world of business and industry.

In a nutshell, you send out your eZine issues on a periodical basis to your subscribers. The good part is that you have a flexible choice in automating the process of sending out your eZine issues for you or manually sending them on a periodical basis.

As an eZine publisher, not only can you easily achieve the benefits a conventional newsletter publisher enjoys without having to chop down several trees in the process, you can easily and conveniently spread your marketing influence and expertise to your base of subscribers from the shoes of an ordinary individual.

In other words, you do not have to invest in expensive printing equipment, brick and mortar business, and hiring staff just to run your own newsletter publication, resulting in a lot of time, money and effort saved.

Basically, all you need to start your own eZine are an auto responder and broadcast feature to go with, enabling you to reach out to your massive subscribers whom you can regard as your prospects, too.

All in all, if you do not have the commitments of creating your own product for sale, then publishing your own online newsletter can be one of the wisest decisions you will ever make, given the benefits of impressive marketing power and influence it can offer to you.


Ezine Advertising

Free Ezine Advertising

Business Promotion has become so much easier now. You can get free advertisement for your business just for subscribing an ezine.

There are many ezines online which provide free listing of your advertisement for opting to become a subscriber. Some ezines provide one time listing and some other provide weekly listing of your advertisement for free as long as you remain a subscriber.


Paid eZine Advertising

Some Internet Marketers can get clueless when it comes to unleashing the full potential of paid eZine advertising. One of the most common dilemmas is that whether should the Internet Marketer advertise the product or service he is selling directly to the subscribers of the eZine he is paying advertising for?

This can be a wise method, but with ifs and buts. For one, the advertisement must be compelling and attention grabbing. Secondly, there is no telling if the eZine’s subscribers constantly practice a buying habit until you put some money to find out.

Investing even a small sum of money can be risky to a number of Internet Marketers who are on tight budgets. But in spite of the risk factors, eZine advertising can still be rewarding, if done right.

Thus the solution: the marketer would be wiser if he or she uses eZine advertising to build his or her mailing list. It makes sense, anyway. Since some eZines display more than one sponsored advertisement, you can grab the subscriber’s attention by giving a free or risk-free product or offer through your ad.

When the subscriber clicks on your ad, he or she can opt into your mailing list in exchange for the free offer, which can be a free report or even a trial service.

While you are not making a hard sell through your advertisement just yet, building your list by getting other eZine’s subscribers subscribed to your eZine allows you to follow up with them in the future, as and when you have new offers.


Ahamed Arif, is the editor of The Internet Business Digest Ezines.

Coffee Is Great For Your Health and Your Wallet

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