How to set up a business|for busness people
Dec
10
Filed Under (Make Money) by
Willard Michlin asked:
Buying a business in today’s economic climate requires that you, the buyer, be on the ball, with regard to business basics. This economic climate, as far as businesses are concerned, is a sellers market.
With the corporate downsizing, economic downturn and other factors, there are a lot of very knowledgeable buyers out there looking for one of the very few good business to buy. This means that you, as a buyer have a lot of competition. Consequently, you need to be well prepared. Professional business buyers, report that it takes anywhere from 3 months to 3 years to find the right business. So, if anything, what can be done to speed this looking process and at the end finally get a good business?
The decision – the first step is deciding to buy a business. Once you have made this decision and you are definite and firm about the fact that you are definitely buying a business, the process has started.
The second step is to decide what kind of business. This is really really important. What are the criteria for this business you are looking to buy? Do not make a wish list or what would be nice. Make a list of what is important. For example, if your standard of living requires $100,000 income, do not compromise by looking at businesses that make only $50,000.
That is unless you consider yourself a knowledgeable business manager and marketing person who knows that any business they buy will double in income and sales. That kind of buyer can buy a business that makes no profit and probably should.
Other criteria include; is it something you can handle? What kind of work are you willing to do? If you like sales and do not like running a factory, buy a distribution company, or sales organizations, and do not buy a manufacturing firm, unless you have a partner that likes running a production line.
I have people call me to inquire about buying a body shop that have no automotive experience at all. You can buy an auto repair shop, muffler shop, brake shop or lube store, and learn the business, with no experience to start. You probably should not buy a salvage yard body shop, or scrap yard with out being raised in the business. If you are a salesman you can buy almost any business.
All manufacturing, distribution or retail sales require good personal sales skills. If you are poor at communication skills or English is a second language, consider buying a liquor store, gas station or hamburger stand, just a few of the businesses that do not require, personal selling, or do they?
About you – There are some things you need to prepare for the brokers when they start coming to you with possible businesses. You need to make sure that you have your down payment sorted out. Expected down payments are anywhere from 25% to 100% of the selling price. So make sure you know what you want to spend and then make sure you have the down payment easily available.
Then you need to get your financing options determined. You can get yourself pre-qualified for a business loan or an SBA loan if the business you are buying is required by you to show a profit on the books. SBA loans are only available to businesses that have shown a 5-year profit on their tax returns. If you are looking at businesses that are heavily unrecorded income, you must have cash or seller financing.
Being your own broker – You should determine who is going to make your offer. A broker, or yourself? If it is you then you should locate the necessary offer forms and study them carefully. Determine what must be in your offer so that you can put in an offer, the instant you find a business that meet your requirements. This is an important step, as putting in an offer tends to lock out other buyers while you look over the business. Make sure you have contingencies in your offer, which means you have lots of “get out of the deal” clause.
I would like to suggest, for the less experienced buyer to hire as a consultant the sharpest attorney or business broker you can find and pay him for his time to watch your rear end, in negotiations and in reviewing the companies you are considering buying. In real estate we call this a buyers agent, except with businesses the listing agent will not always co-operate in splitting the commission. This means you need to be willing to pay your agent an hourly fee for helping you. Let me give you a real example.
David and his father were looking for a business to buy. They were interested in a Scrap yard that I was selling. I asked their buying agent to bring them over so I could interview them and to explain this business to them. In 3 minutes it was clear that they should not even consider this business. We spent the balance of the meeting talking about the businesses they had looked at and the pros and cons of each. I gave them my honest suggestions about each from their description. They thanked me and left.
Two months later David calls and asked if he could come talk to me. He told me about an FSBO “For Sale by Owner,” who would never pay any agent a commission unless he got his price + the commission. That of course doesn’t make sense to a buyer. David told me about the deal and I gave him my honest opinion about it. David asked what my time was worth and gave me a check for an hour’s time.
Two months again passed and David called and said, “I need to see you today.” He proceeded to tell me about a Car Wash Soap manufacturing company that was suppose to be making $500,000 profit per year. The asking price was $2 Million. David wanted several things from me. He wanted my opinion of the business, he wanted me to help get the price down to a more reasonable amount and he wanted me to verify the income. It took me 30 hours of reviewing the books and talking to the seller to determine that the business was making only $350,000 per year including what was not on the books. The books were made complicated, intentionally so that no one could understand what was going on.
I related my findings and told David he had to do his own negotiations but I would coach him every step of the way. David paid my fee and I didn’t hear from David for one year. When he called, I asked what happened to the car wash soap business. He filled me in on the story.
He bought the business for more than I suggested because he saw where he could improve the business instantly. The profit turned out not to be $500,000 as the seller guaranteed, but exactly $350,000 as I had determined. David took over sales and marketing and within 1 year had the company profit up to the $500,000 he was promised.
David now had found a related business that had been listed with an agent who did not understand the business he was marketing and could not sell it. David was now talking to the seller directly. The seller wanted $550,000. David wanted me to negotiate, on a consulting fee bases with the seller to get the price down.
I instructed David that I would appraise the business, and convince the seller that my appraisal was accurate, but David had to do the negotiations. The seller would never talk to me about the inside details if he was negotiating with me directly. This time I spent 5 hours with the seller, not the books, to determine the business was worth $350,000. The seller would not take the price, but felt I had done an excellent appraisal. I suggested to David to wait 60 days and open discussions again. I also told him the seller would eventually take the $350,000.
I again didn’t hear from David, this time for 6 months. When David called I asked for his report on what happened. The seller called him after one month and sold the business to him for my appraised amount, just as predicted. What did David want this time? Two guys wanted to buy the business and David wanted me to justify a price of $500,000? I did my updated analysis and got paid. I will not find out what happened until David calls me with my next assignment.
Get the word out – Now that you have got all of your preliminary work done you are ready to go looking for businesses. You are ready to look for businesses for sale. Go on to the Internet and look at sites that have businesses for sale. Look in the classified section of your county newspapers and look at what is for sale. Contact business brokers and tell them what you are looking for in detail. Call on broker listings and FSBO (For Sale by Owners.) When you find something interesting you move through the steps with a broker, accountant or attorney or without a broker, accountant or attorney.
Find out what financial records they have. This will eliminate 75% of the businesses. The records are false because of cash sales and/or cash payroll. A lot of auto repair shops pay their mechanics a base salary on the books and the balance in cash. This is crazy and illegal. They have cash sales, which are illegal, and not reported and then they give this money to the employees illegally. Have fun figuring out the profit on these businesses. Some businesses do not want to give you any financials. They do not even want to lie to you about the numbers; they just do not give them to you. You need financials even to just see what the operating expenses are.
Cash income — The problem with cash income, besides being illegal is it is unconfirmed. Jack bought a body shop doing $60,000 sales on the books. The seller showed Jack records that proved to Jack, an experienced body shop owner that the business was really doing $125,00 month in sales. After escrow closed Jack was given the production records for the last 5 years by the general manager that stayed with the company. The business was doing $60,000. Exactly what was on the books! There was no cash. The seller reported every dime. I hate to say it but if someone were willing to lie to the government and their business broker, why would they tell you the truth?
Find out what the seller wants – the next key step is to ensure that you find out exactly what the seller wants. You have already stated what you wanted when you got the word out. Now, you need to make sure you understand what the seller wants. Make sure you get full information on this from the broker or seller. On this step, you are basically finding out what the seller wants for his or her business exactly. That includes, down payment, seller carry back terms, time he is willing to train you to run the business, and what he is including in the price. Inventory can be included or extra. Leased equipment basically has you as the buyer assuming the debt, where financing on owned equipment is paid off in escrow or the price is lowered because you are assuming the debt. With all of this information, you can begin your negotiations.
Negotiate – Ok, now you know what the seller wants and you know what you want. On this step, the objective is to get the two wants to match up and agree with each other, so that the deal can take place. What you are trying to do at this stage is decide if you are going to go ahead with the deal or if you are going to continue talking with the broker and the seller until what they want is closer to what you want. The key here is keeping the conversation going (negotiate). As long as the conversation is going, it is much more likely to result in the deal taking place. So keep the conversation going!
Almost the final action – after the negotiations and an agreement has been reached, there is one final action that is vital. Your offer is in, but you are not done yet! Due diligence is required. Here you must get documentation on the financial figures you have been given. You want to verify that what you have been told is indeed the case. Get Profit and loss statements, business tax returns and other important documents. If you have been told that a body shop has a contract with the local city to service all their vehicles, or some such story, ask for and see the contract and verify that a valid contract does indeed exist. Part of this final action is ensuring that you have the advise of a competent professional as well.
Escrow – Never buy an asset sale purchase without an escrow. We have already established that the sellers may be lying to you about any number of things, but they may have debts that they do not even know about. The escrow will do a “bulk sale notice” that gives creditors of the business a chance to file their claims, and if they do not the buyer cannot be held liable. The escrow also makes sure that the payroll taxes; sales taxes; federal and state income taxes are paid in full. The IRS has come into companies and assessed for many years of unpaid taxes. As the buyer you would get stuck with this bill, if you didn’t do an escrow.
Conclusion – Following the above steps will see you through most of the pitfalls in buying a business.
Newton
Buying a business in today’s economic climate requires that you, the buyer, be on the ball, with regard to business basics. This economic climate, as far as businesses are concerned, is a sellers market.
With the corporate downsizing, economic downturn and other factors, there are a lot of very knowledgeable buyers out there looking for one of the very few good business to buy. This means that you, as a buyer have a lot of competition. Consequently, you need to be well prepared. Professional business buyers, report that it takes anywhere from 3 months to 3 years to find the right business. So, if anything, what can be done to speed this looking process and at the end finally get a good business?
The decision – the first step is deciding to buy a business. Once you have made this decision and you are definite and firm about the fact that you are definitely buying a business, the process has started.
The second step is to decide what kind of business. This is really really important. What are the criteria for this business you are looking to buy? Do not make a wish list or what would be nice. Make a list of what is important. For example, if your standard of living requires $100,000 income, do not compromise by looking at businesses that make only $50,000.
That is unless you consider yourself a knowledgeable business manager and marketing person who knows that any business they buy will double in income and sales. That kind of buyer can buy a business that makes no profit and probably should.
Other criteria include; is it something you can handle? What kind of work are you willing to do? If you like sales and do not like running a factory, buy a distribution company, or sales organizations, and do not buy a manufacturing firm, unless you have a partner that likes running a production line.
I have people call me to inquire about buying a body shop that have no automotive experience at all. You can buy an auto repair shop, muffler shop, brake shop or lube store, and learn the business, with no experience to start. You probably should not buy a salvage yard body shop, or scrap yard with out being raised in the business. If you are a salesman you can buy almost any business.
All manufacturing, distribution or retail sales require good personal sales skills. If you are poor at communication skills or English is a second language, consider buying a liquor store, gas station or hamburger stand, just a few of the businesses that do not require, personal selling, or do they?
About you – There are some things you need to prepare for the brokers when they start coming to you with possible businesses. You need to make sure that you have your down payment sorted out. Expected down payments are anywhere from 25% to 100% of the selling price. So make sure you know what you want to spend and then make sure you have the down payment easily available.
Then you need to get your financing options determined. You can get yourself pre-qualified for a business loan or an SBA loan if the business you are buying is required by you to show a profit on the books. SBA loans are only available to businesses that have shown a 5-year profit on their tax returns. If you are looking at businesses that are heavily unrecorded income, you must have cash or seller financing.
Being your own broker – You should determine who is going to make your offer. A broker, or yourself? If it is you then you should locate the necessary offer forms and study them carefully. Determine what must be in your offer so that you can put in an offer, the instant you find a business that meet your requirements. This is an important step, as putting in an offer tends to lock out other buyers while you look over the business. Make sure you have contingencies in your offer, which means you have lots of “get out of the deal” clause.
I would like to suggest, for the less experienced buyer to hire as a consultant the sharpest attorney or business broker you can find and pay him for his time to watch your rear end, in negotiations and in reviewing the companies you are considering buying. In real estate we call this a buyers agent, except with businesses the listing agent will not always co-operate in splitting the commission. This means you need to be willing to pay your agent an hourly fee for helping you. Let me give you a real example.
David and his father were looking for a business to buy. They were interested in a Scrap yard that I was selling. I asked their buying agent to bring them over so I could interview them and to explain this business to them. In 3 minutes it was clear that they should not even consider this business. We spent the balance of the meeting talking about the businesses they had looked at and the pros and cons of each. I gave them my honest suggestions about each from their description. They thanked me and left.
Two months later David calls and asked if he could come talk to me. He told me about an FSBO “For Sale by Owner,” who would never pay any agent a commission unless he got his price + the commission. That of course doesn’t make sense to a buyer. David told me about the deal and I gave him my honest opinion about it. David asked what my time was worth and gave me a check for an hour’s time.
Two months again passed and David called and said, “I need to see you today.” He proceeded to tell me about a Car Wash Soap manufacturing company that was suppose to be making $500,000 profit per year. The asking price was $2 Million. David wanted several things from me. He wanted my opinion of the business, he wanted me to help get the price down to a more reasonable amount and he wanted me to verify the income. It took me 30 hours of reviewing the books and talking to the seller to determine that the business was making only $350,000 per year including what was not on the books. The books were made complicated, intentionally so that no one could understand what was going on.
I related my findings and told David he had to do his own negotiations but I would coach him every step of the way. David paid my fee and I didn’t hear from David for one year. When he called, I asked what happened to the car wash soap business. He filled me in on the story.
He bought the business for more than I suggested because he saw where he could improve the business instantly. The profit turned out not to be $500,000 as the seller guaranteed, but exactly $350,000 as I had determined. David took over sales and marketing and within 1 year had the company profit up to the $500,000 he was promised.
David now had found a related business that had been listed with an agent who did not understand the business he was marketing and could not sell it. David was now talking to the seller directly. The seller wanted $550,000. David wanted me to negotiate, on a consulting fee bases with the seller to get the price down.
I instructed David that I would appraise the business, and convince the seller that my appraisal was accurate, but David had to do the negotiations. The seller would never talk to me about the inside details if he was negotiating with me directly. This time I spent 5 hours with the seller, not the books, to determine the business was worth $350,000. The seller would not take the price, but felt I had done an excellent appraisal. I suggested to David to wait 60 days and open discussions again. I also told him the seller would eventually take the $350,000.
I again didn’t hear from David, this time for 6 months. When David called I asked for his report on what happened. The seller called him after one month and sold the business to him for my appraised amount, just as predicted. What did David want this time? Two guys wanted to buy the business and David wanted me to justify a price of $500,000? I did my updated analysis and got paid. I will not find out what happened until David calls me with my next assignment.
Get the word out – Now that you have got all of your preliminary work done you are ready to go looking for businesses. You are ready to look for businesses for sale. Go on to the Internet and look at sites that have businesses for sale. Look in the classified section of your county newspapers and look at what is for sale. Contact business brokers and tell them what you are looking for in detail. Call on broker listings and FSBO (For Sale by Owners.) When you find something interesting you move through the steps with a broker, accountant or attorney or without a broker, accountant or attorney.
Find out what financial records they have. This will eliminate 75% of the businesses. The records are false because of cash sales and/or cash payroll. A lot of auto repair shops pay their mechanics a base salary on the books and the balance in cash. This is crazy and illegal. They have cash sales, which are illegal, and not reported and then they give this money to the employees illegally. Have fun figuring out the profit on these businesses. Some businesses do not want to give you any financials. They do not even want to lie to you about the numbers; they just do not give them to you. You need financials even to just see what the operating expenses are.
Cash income — The problem with cash income, besides being illegal is it is unconfirmed. Jack bought a body shop doing $60,000 sales on the books. The seller showed Jack records that proved to Jack, an experienced body shop owner that the business was really doing $125,00 month in sales. After escrow closed Jack was given the production records for the last 5 years by the general manager that stayed with the company. The business was doing $60,000. Exactly what was on the books! There was no cash. The seller reported every dime. I hate to say it but if someone were willing to lie to the government and their business broker, why would they tell you the truth?
Find out what the seller wants – the next key step is to ensure that you find out exactly what the seller wants. You have already stated what you wanted when you got the word out. Now, you need to make sure you understand what the seller wants. Make sure you get full information on this from the broker or seller. On this step, you are basically finding out what the seller wants for his or her business exactly. That includes, down payment, seller carry back terms, time he is willing to train you to run the business, and what he is including in the price. Inventory can be included or extra. Leased equipment basically has you as the buyer assuming the debt, where financing on owned equipment is paid off in escrow or the price is lowered because you are assuming the debt. With all of this information, you can begin your negotiations.
Negotiate – Ok, now you know what the seller wants and you know what you want. On this step, the objective is to get the two wants to match up and agree with each other, so that the deal can take place. What you are trying to do at this stage is decide if you are going to go ahead with the deal or if you are going to continue talking with the broker and the seller until what they want is closer to what you want. The key here is keeping the conversation going (negotiate). As long as the conversation is going, it is much more likely to result in the deal taking place. So keep the conversation going!
Almost the final action – after the negotiations and an agreement has been reached, there is one final action that is vital. Your offer is in, but you are not done yet! Due diligence is required. Here you must get documentation on the financial figures you have been given. You want to verify that what you have been told is indeed the case. Get Profit and loss statements, business tax returns and other important documents. If you have been told that a body shop has a contract with the local city to service all their vehicles, or some such story, ask for and see the contract and verify that a valid contract does indeed exist. Part of this final action is ensuring that you have the advise of a competent professional as well.
Escrow – Never buy an asset sale purchase without an escrow. We have already established that the sellers may be lying to you about any number of things, but they may have debts that they do not even know about. The escrow will do a “bulk sale notice” that gives creditors of the business a chance to file their claims, and if they do not the buyer cannot be held liable. The escrow also makes sure that the payroll taxes; sales taxes; federal and state income taxes are paid in full. The IRS has come into companies and assessed for many years of unpaid taxes. As the buyer you would get stuck with this bill, if you didn’t do an escrow.
Conclusion – Following the above steps will see you through most of the pitfalls in buying a business.
Newton
Comments Off
Dec
10
Jeff Casmer asked:
The Plug In Profit Site (PIPS) business has been growing strongly for 7 years, and today it is one of the most solid business opportunities through which many people are earning money at home. PIPS has helped hundreds of thousands of ordinary people start to earn money and achieve their financial dreams as well as earn income at home.
Stone Evans, The Home Biz Guy developed the PIPS business model by hand picking the best and well paying affiliate programs on the internet, and building a profit pulling website that ensures that anyone can immediately start making money online, regardless of their internet marketing experience.
The PIPS is a service that supplies a complete website setup on your own domain name and hosting account, and promotes affiliate products from the best affiliate programs online, namely SFI, Empowerism, Internet Marketing Centre, Internet Marketing Warriors, Host4Profit and Traffic Swarm.
Today, there are many make money from home businesses on the internet, but PIPS still remains the leading and best business model, and all the PIPS members continue to earn increasing incomes from their businesses. Many online business models have come and gone, but PIPS has continued to flourish. PIPS will certainly continue to the best home business opportunity for those who want to earn income online.
What are the key reasons that make PIPS the best home business of the decade?
PIPS is the easiest and quickest way to start making money online. PIPS is a brilliant home based business opportunity that offers an easy start into affiliate marketing, allowing anyone to earn money from home on a full time or part time basis. Although many people would like to quit their day jobs and start earning money on the internet, most people just do not know where to start. This is where PIPS comes in, providing an easy start to earning an income online. When you sign up to PIPS, you get your own customized website and a sales page where you start marketing the affiliate programs, and start building your own business. You can even further customize your website and offer many other different programs and services on your website, from which you can make sales and earn commissions everyday, thus further boosting your income. What you can earn with your PIPS business will be basically limited only limited by your imagination!
PIPS is the best business opportunity for earning residual income. The basis of a successful home business is being able to earn residual and passive income. With your own PIPS business, you will earn income for many years in the future from the marketing efforts you apply today and the sales you make today. This makes PIPS an easy and smart way to make money online.
PIPS offers multiple streams of income from reputable affiliate programs. Many people who try affiliate marketing fail to succeed because they dont pick affiliate programs that pay well, and some of the affiliate programs they pick suddenly go bankrupt and vanish overnight. PIPS comprises of solid affiliate programs that have been thriving for nearly 7 years.
PIPS ensures that you earn income from several best affiliate programs that have the most lucrative commission payments structure on the internet. PIPS is in essence a very powerful multi-income stream machine which anyone can have and start earning money quickly. By promoting your single PIPS business website, you will be promoting many affiliate programs from which you can earn attractive commissions. This makes PIPS an attractive and well packaged business.
PIPS business has immense training. As soon as you sign up to the PIPS, you get your own 30 Days To Success Guide which takes you by the hand and show you what to do to build your business and start making profits. All you have to do is to follow this guide and you can never fail to make money with your PIPS business. With this guide, you will learn all the key steps of promoting your business, which would otherwise take you years to learn on your own. PIPS training guide basically shortens your learning curve. No other online business models or opportunities offer such step-by-step training. All the information you need is available for you to use and achieve your own financial freedom.
The PIPS business models comes with all the marketing tools you need to succeed. Stone Evans provides to PIPS members all the tools he uses to build his own business. As a PIPS owner you get your own branded Dotcomology e-book to promote, which is one of the most powerful and highly read e-book on internet marketing. Many people fail to have their own internet home business because they do not have the necessary guidance to help them succeed. Not with PIPS. You are not left alone drifting in the dark. In fact, PIPS offers so many marketing tools that you can never fail to build your business. No matter what your experience in internet marketing is, you are guaranteed to succeed because you get all the marketing tools you need and more.
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PIPS is a business opportunity which rewards your hard work and efforts with ever increasing income. PIPS is not a get rich quick scheme. Its a real business like any other offline business. Just like any other business; time, effort and commitment will be required to build your business. Because PIPS is a well designed home business program, all your efforts in building your business will be rewarded in the form of increasing commissions from the many affiliate programs you will be promoting.
Minimal start up and marketing costs. An online business requires some capital outlay, just like any other business. However, many online businesses require a high capital outlay which many people who want to earn money at home do not have. The beauty of PIPS is that the start-up costs are very minimal, so anyone can start their own PIPS business. You can start and build your own PIPs business on a shoe string budget.
You get many invaluable bonuses as a new PIPS business owner. Another attractive feature of the PIPS business opportunity is that when you sign up, you get many bonuses that are worth thousands of dollars which you can use to start promoting and building your business.
Anyone can do it! Best of all, whether you know nothing about internet marketing or are an experienced internet marketer, you can start making money with your own PIPS business. You get your own website set up for you, and all the tools and support you need to grow your business. There is virtually no reason why you can not have your own PIPS business and start earning residual income on autopilot.
Earning a living online need not be hard. The PIPS makes making money online very easy and quick, and this is one of the key reasons why PIPS remains the best business opportunity of the decade. PIPS is a great program that provides you with all the tools and support you need to be successful online. Hundreds of thousands people are making money with PIPS today, and you can too!
Arlene
The Plug In Profit Site (PIPS) business has been growing strongly for 7 years, and today it is one of the most solid business opportunities through which many people are earning money at home. PIPS has helped hundreds of thousands of ordinary people start to earn money and achieve their financial dreams as well as earn income at home.
Stone Evans, The Home Biz Guy developed the PIPS business model by hand picking the best and well paying affiliate programs on the internet, and building a profit pulling website that ensures that anyone can immediately start making money online, regardless of their internet marketing experience.
The PIPS is a service that supplies a complete website setup on your own domain name and hosting account, and promotes affiliate products from the best affiliate programs online, namely SFI, Empowerism, Internet Marketing Centre, Internet Marketing Warriors, Host4Profit and Traffic Swarm.
Today, there are many make money from home businesses on the internet, but PIPS still remains the leading and best business model, and all the PIPS members continue to earn increasing incomes from their businesses. Many online business models have come and gone, but PIPS has continued to flourish. PIPS will certainly continue to the best home business opportunity for those who want to earn income online.
What are the key reasons that make PIPS the best home business of the decade?
PIPS is the easiest and quickest way to start making money online. PIPS is a brilliant home based business opportunity that offers an easy start into affiliate marketing, allowing anyone to earn money from home on a full time or part time basis. Although many people would like to quit their day jobs and start earning money on the internet, most people just do not know where to start. This is where PIPS comes in, providing an easy start to earning an income online. When you sign up to PIPS, you get your own customized website and a sales page where you start marketing the affiliate programs, and start building your own business. You can even further customize your website and offer many other different programs and services on your website, from which you can make sales and earn commissions everyday, thus further boosting your income. What you can earn with your PIPS business will be basically limited only limited by your imagination!
PIPS is the best business opportunity for earning residual income. The basis of a successful home business is being able to earn residual and passive income. With your own PIPS business, you will earn income for many years in the future from the marketing efforts you apply today and the sales you make today. This makes PIPS an easy and smart way to make money online.
PIPS offers multiple streams of income from reputable affiliate programs. Many people who try affiliate marketing fail to succeed because they dont pick affiliate programs that pay well, and some of the affiliate programs they pick suddenly go bankrupt and vanish overnight. PIPS comprises of solid affiliate programs that have been thriving for nearly 7 years.
PIPS ensures that you earn income from several best affiliate programs that have the most lucrative commission payments structure on the internet. PIPS is in essence a very powerful multi-income stream machine which anyone can have and start earning money quickly. By promoting your single PIPS business website, you will be promoting many affiliate programs from which you can earn attractive commissions. This makes PIPS an attractive and well packaged business.
PIPS business has immense training. As soon as you sign up to the PIPS, you get your own 30 Days To Success Guide which takes you by the hand and show you what to do to build your business and start making profits. All you have to do is to follow this guide and you can never fail to make money with your PIPS business. With this guide, you will learn all the key steps of promoting your business, which would otherwise take you years to learn on your own. PIPS training guide basically shortens your learning curve. No other online business models or opportunities offer such step-by-step training. All the information you need is available for you to use and achieve your own financial freedom.
The PIPS business models comes with all the marketing tools you need to succeed. Stone Evans provides to PIPS members all the tools he uses to build his own business. As a PIPS owner you get your own branded Dotcomology e-book to promote, which is one of the most powerful and highly read e-book on internet marketing. Many people fail to have their own internet home business because they do not have the necessary guidance to help them succeed. Not with PIPS. You are not left alone drifting in the dark. In fact, PIPS offers so many marketing tools that you can never fail to build your business. No matter what your experience in internet marketing is, you are guaranteed to succeed because you get all the marketing tools you need and more.
PIPS is a business opportunity where a lot of support is provided. As a PIPS business owner, you also get automatic access to a dedicated forum for PIPS members where everyone share ideas, and help and support each other. The PIPS forum is one of the very few places on the internet today where you will be able to find and interact with people who are willing to help you build your business by giving you all the support you need so that you can start earning money.
PIPS is an evolving business that continues to develop. Stone Evans also continues to make additions and improvements to the PIPS program to the benefit of all PIPS business owners, thus ensuring that PIPS remains the most successful and top-notch business opportunity on the internet today.
PIPS business opportunity comes with an auto-responder system so that you can start earning money on autopilot. The success of any online business depends on being able to make money on autopilot 365 days, 24 hours a day! Your PIPS will be set up with an auto-responder and your own 500 day email marketing newsletter ready to build a list for you and promote your site to prospects on auto-pilot. This is a very valuable aspect of your home business, and you get this all set up for you.
PIPS is a business opportunity which rewards your hard work and efforts with ever increasing income. PIPS is not a get rich quick scheme. Its a real business like any other offline business. Just like any other business; time, effort and commitment will be required to build your business. Because PIPS is a well designed home business program, all your efforts in building your business will be rewarded in the form of increasing commissions from the many affiliate programs you will be promoting.
Minimal start up and marketing costs. An online business requires some capital outlay, just like any other business. However, many online businesses require a high capital outlay which many people who want to earn money at home do not have. The beauty of PIPS is that the start-up costs are very minimal, so anyone can start their own PIPS business. You can start and build your own PIPs business on a shoe string budget.
You get many invaluable bonuses as a new PIPS business owner. Another attractive feature of the PIPS business opportunity is that when you sign up, you get many bonuses that are worth thousands of dollars which you can use to start promoting and building your business.
Anyone can do it! Best of all, whether you know nothing about internet marketing or are an experienced internet marketer, you can start making money with your own PIPS business. You get your own website set up for you, and all the tools and support you need to grow your business. There is virtually no reason why you can not have your own PIPS business and start earning residual income on autopilot.
Earning a living online need not be hard. The PIPS makes making money online very easy and quick, and this is one of the key reasons why PIPS remains the best business opportunity of the decade. PIPS is a great program that provides you with all the tools and support you need to be successful online. Hundreds of thousands people are making money with PIPS today, and you can too!
Arlene
Comments Off
Dec
06
Wayne Radd asked:
I came across a chart showing the avarage salaries of business analysts in IT/Computer software/Computer hardware. I do not know what a business analyst does exactly. What course should I take in college to become a business analyst.
Currently I’m planing on getting a degree in Business with IT in college, will that enable me to become a business analyst?
Lorenzo
I came across a chart showing the avarage salaries of business analysts in IT/Computer software/Computer hardware. I do not know what a business analyst does exactly. What course should I take in college to become a business analyst.
Currently I’m planing on getting a degree in Business with IT in college, will that enable me to become a business analyst?
Lorenzo
Casey Gollan asked:
As a business coach I often observe that the challenge with growing a business for most business owners is that they can be scared of ‘letting go’.
You see, most business owners start off in their business doing everything… and as the business grows they try and take on more and more to keep ‘in control’.
Yet the time comes in the growth of the business where they HAVE to let go…
They can’t physically keep up!
Sometimes the business owner does their best to keep up. They work more, longer and harder but despite all of their efforts the business starts to ’stagnate’.
And the owner becomes tired.
There are no more hours in the day.
They begin to realize that they can’t possibly keep their fingers in ‘all the pies’.
They have to let go.
Now most business owners are proud of the fact that they ‘know what’s going on’ in every area of their business…
And some dread losing this ‘contact’ or ‘control’
You see by being ‘in’ the business the business owner gets a feel for how the business is traveling.
If they keep on the ‘floor’ they can see customers coming in, what stock is selling, what stock is being delivered.
Now the big step (for them) is moving away from being involved to overseeing. Because they are scared that they’ll lose the ‘feel’ of the business.
And it’s at this point that some business owners panic.
What’s the answer?
The best business owners learn how to keep a ‘feel’ of their business without having to be there.
How can they do that, you may ask, if they’re not involved every day?
How can the best business owners know if it’s busy?
How can they know what stock is needed?
How can they know if customers aren’t happy?
How can they know which staff are being productive and which ones aren’t?
How can they keep their eye on the registers and the petty cash?
How can they do all this?
They can do it by setting up and monitoring their measuring and reporting systems.
I call them ‘dashboards’ or ’scoreboards’.
You see the best business owners set up ‘dashboards’ so that they can ’see’ how their business is going.
It’s like a dashboard in a car, or a cockpit of an airplane.
When you’re driving you don’t need to put your head out the window to ‘feel’ how fast you’re traveling. You just look at your speedo.
And you don’t need to look in your petrol tank to see how much petrol you have used. You just look at your fuel indicator on your dashboard.
If you set up Key Performance indicators in your business you can see how different areas of your business are performing.
All the best businesses do it. And you should too.
And you should start now… before you put on more people…
I get all my clients to start measuring critical areas of their business. And there’s a certain process to do it, and a certain way to measure it so that it works.
And when you get it working it can help liberate you from your business.
When you have your own ‘dashboard’ or ’scoreboard’ you will need to look at some key things daily, whilst others are better to look at weekly, monthly and even quarterly…
And when you have them you can step out of your business. Because the ‘dashboard’ will tell you what’s going on when you’re not there.
It’s magic.
Even if you’re not in the business you’ll be able to gauge how things are going and how your people are going. Who’s doing things and who’s not… so you can step in and take action to improve the situation immediately.
With the right systems, people and training like I have outlined, works like a charm and it’s one of the most powerful things that you can do to take your business into the multi-millions of turnover.
I use these with my clients with extraordinary success.
We look at them every week to assess how the business, and how the team in the business are performing and based on the accurate and timely information take action to correct anything that ‘off-track’ and caress anything that is on track.
For example.
One of my client’s critical areas dropped from 37% to 22% then 21%. Now to you that may just be a percentage figure but to the business owner and I it meant we were losing $2,000 profit per week every week that it stayed at the new lower level. That’s $100,000 profit in a year.
So we jumped into action. After a certain process that I stepped him through we drove it back up to 44% and kept it there. That one thing alone made him tens of thousands of dollars in just a matter of weeks let alone what it made him over a year.
Another step that I take my clients through is setting up their ‘dashboard’ whilst they are still ‘involved’ in the business then the next step is to send the ‘dashboard’ to their home for them to look at in their own time
This steps them from having a ‘feel’ of the business to looking at the ‘dashboard’ so that they can transfer their ‘feel’ of the business into assessing the numbers that are on their ‘dashboard’.
As we step through that we determine ’standards’ that each of the critical areas should be reaching each day, week, month for the business to be dong ‘nicely’.
Then armed with the standards and the dashboard the business owner can comfortably step out knowing what the dashboard has to show for him/her to stay in control of the business.
We then work on getting the business owner out of the day to day running of the business. For example if the owner is working 5 days in the business… the first step is to move him to 4 days in, and one day out. Then 3 days in, 2 days out… then 2 days in 3 days out and so it goes until the owner is able to choose their work hours because the business runs without them having to be there.
Then when you choose to come into the business you can do the work you want to do, and focus on the building your team to run your business for you.
Remember when your business is working it means that you don’t have to.
Your life may never be the same.
Join me when the timing is right for you and together we can grow your business and help you ‘let go’ of your business and stay in control.
Set up your business so you can let go and stay in control.
Copyright © 2006 by Casey Gollan. All Rights Reserved
Business Coach, Mentor And Growth Specialist
Casey Gollan, Business Coach, Mentor And Growth Specialist. Grows $1 Million p.a. Small Businesses Into $2 to $5 Million p.a. Businesses Over a 2 to 3 Year Period.
Virginie
As a business coach I often observe that the challenge with growing a business for most business owners is that they can be scared of ‘letting go’.
You see, most business owners start off in their business doing everything… and as the business grows they try and take on more and more to keep ‘in control’.
Yet the time comes in the growth of the business where they HAVE to let go…
They can’t physically keep up!
Sometimes the business owner does their best to keep up. They work more, longer and harder but despite all of their efforts the business starts to ’stagnate’.
And the owner becomes tired.
There are no more hours in the day.
They begin to realize that they can’t possibly keep their fingers in ‘all the pies’.
They have to let go.
Now most business owners are proud of the fact that they ‘know what’s going on’ in every area of their business…
And some dread losing this ‘contact’ or ‘control’
You see by being ‘in’ the business the business owner gets a feel for how the business is traveling.
If they keep on the ‘floor’ they can see customers coming in, what stock is selling, what stock is being delivered.
Now the big step (for them) is moving away from being involved to overseeing. Because they are scared that they’ll lose the ‘feel’ of the business.
And it’s at this point that some business owners panic.
What’s the answer?
The best business owners learn how to keep a ‘feel’ of their business without having to be there.
How can they do that, you may ask, if they’re not involved every day?
How can the best business owners know if it’s busy?
How can they know what stock is needed?
How can they know if customers aren’t happy?
How can they know which staff are being productive and which ones aren’t?
How can they keep their eye on the registers and the petty cash?
How can they do all this?
They can do it by setting up and monitoring their measuring and reporting systems.
I call them ‘dashboards’ or ’scoreboards’.
You see the best business owners set up ‘dashboards’ so that they can ’see’ how their business is going.
It’s like a dashboard in a car, or a cockpit of an airplane.
When you’re driving you don’t need to put your head out the window to ‘feel’ how fast you’re traveling. You just look at your speedo.
And you don’t need to look in your petrol tank to see how much petrol you have used. You just look at your fuel indicator on your dashboard.
If you set up Key Performance indicators in your business you can see how different areas of your business are performing.
All the best businesses do it. And you should too.
And you should start now… before you put on more people…
I get all my clients to start measuring critical areas of their business. And there’s a certain process to do it, and a certain way to measure it so that it works.
And when you get it working it can help liberate you from your business.
When you have your own ‘dashboard’ or ’scoreboard’ you will need to look at some key things daily, whilst others are better to look at weekly, monthly and even quarterly…
And when you have them you can step out of your business. Because the ‘dashboard’ will tell you what’s going on when you’re not there.
It’s magic.
Even if you’re not in the business you’ll be able to gauge how things are going and how your people are going. Who’s doing things and who’s not… so you can step in and take action to improve the situation immediately.
With the right systems, people and training like I have outlined, works like a charm and it’s one of the most powerful things that you can do to take your business into the multi-millions of turnover.
I use these with my clients with extraordinary success.
We look at them every week to assess how the business, and how the team in the business are performing and based on the accurate and timely information take action to correct anything that ‘off-track’ and caress anything that is on track.
For example.
One of my client’s critical areas dropped from 37% to 22% then 21%. Now to you that may just be a percentage figure but to the business owner and I it meant we were losing $2,000 profit per week every week that it stayed at the new lower level. That’s $100,000 profit in a year.
So we jumped into action. After a certain process that I stepped him through we drove it back up to 44% and kept it there. That one thing alone made him tens of thousands of dollars in just a matter of weeks let alone what it made him over a year.
Another step that I take my clients through is setting up their ‘dashboard’ whilst they are still ‘involved’ in the business then the next step is to send the ‘dashboard’ to their home for them to look at in their own time
This steps them from having a ‘feel’ of the business to looking at the ‘dashboard’ so that they can transfer their ‘feel’ of the business into assessing the numbers that are on their ‘dashboard’.
As we step through that we determine ’standards’ that each of the critical areas should be reaching each day, week, month for the business to be dong ‘nicely’.
Then armed with the standards and the dashboard the business owner can comfortably step out knowing what the dashboard has to show for him/her to stay in control of the business.
We then work on getting the business owner out of the day to day running of the business. For example if the owner is working 5 days in the business… the first step is to move him to 4 days in, and one day out. Then 3 days in, 2 days out… then 2 days in 3 days out and so it goes until the owner is able to choose their work hours because the business runs without them having to be there.
Then when you choose to come into the business you can do the work you want to do, and focus on the building your team to run your business for you.
Remember when your business is working it means that you don’t have to.
Your life may never be the same.
Join me when the timing is right for you and together we can grow your business and help you ‘let go’ of your business and stay in control.
Set up your business so you can let go and stay in control.
Copyright © 2006 by Casey Gollan. All Rights Reserved
Business Coach, Mentor And Growth Specialist
Casey Gollan, Business Coach, Mentor And Growth Specialist. Grows $1 Million p.a. Small Businesses Into $2 to $5 Million p.a. Businesses Over a 2 to 3 Year Period.
Virginie
Comments Off
Nov
27
Filed Under (Make Money) by
asked:
How is freight brokerage business? Is it a good business to start? I have no experience but willing to get training. Is it a good business?
Dorian
How is freight brokerage business? Is it a good business to start? I have no experience but willing to get training. Is it a good business?
Dorian
Nov
13
Filed Under (Make Money) by
Casey Gollan asked:
Let me ask you this… What makes a successful business owner?
Well for me, a successful business owner is someone that earns well into six figures or more each year from their business, working around 3 to 4 days (or less) per week.
I call this ’successful’ because if they can make a few hundred thousand a year from their business, and only work a few days per week they have to have a lot of great things in place…
Not just in their business but in their personal life.
It tells me that in their business they have fabulous systems and staff members that are willing and able to work even when the owner isn’t there.
And the business would have great information systems so that the business owner would know everything that’s going on (even though they’re not there) so they can still ‘control’ the business.
They’d have excellent marketing and sales systems that day in day out draw in ‘ideal’ customers that willingly buy from the business, at full price.
Plus because of the level of service and quality in the business the customers are loyal and enthusiastically refer other people to the business.
The business owner would also have a high level of trust in their staff to run the business which shows me a couple of things.
Number 1, they’d have excellent staff recruitment and training programs to build their staff into competent team members.
And Number 2 They’d have a high level emotional maturity to allow this to happen.
In their personal life, I’d consider these business owners successful because they would have enough free time during the week to spend on their own doing exercise or their favourite hobbies.
This recharges their ‘batteries’ and keeps them fresh. Thus they always seem to be ‘on-the-ball’.
Plus, they spend good quality time with their partner at home and their family.
And that’s crucial.
Just ask anyone whose business has caused a marriage break up, and/or illness through stress.
You see, growing a business that overtakes your life is very, very easy. Most business owners achieve this within the first couple of weeks of starting!
Growing a business that also enhances your lifestyle is a lot more difficult.
But it is possible.
And that’s what I do with the business owners I work with.
We create profitable business growth that enhance their lifestyles
For me it’s about Business and Life Harmony.
So what’s the underlying secret to achieving it?
Commit to becoming a better business person.
Every successful business owner will tell you this…
It’s not one single thing that will make the difference to your business growth.
It’s a lot of things.
You see most business owners are waiting for the ‘one big’ order or the ‘one great year’ or the ‘one great staff member’ that will make all the difference.
The successful business owners know differently.
The successful business owners know that to have an extraordinary business they must be an extraordinary business person.
They know that if they want to grow to $2 Million… they have to learn how to become a $2 Million business owner. And this requires improving their business skills.
There are many skills to learn.
You’ve got to know how to make the product or deliver the service.
You’ve got to know how to market your business
How to sell, how to find suppliers, how to negotiate, how to hire people, how to train people, how to read and understand financial statements the list goes on and on.
Yet it can be, and is simple… when you learn how to do it simply.
And that’s my role with you.
You see as a business coach my skill is making your business growth predictable, controllable and a hell of a lot easier.
All of my clients will tell you that.
So back to you.
If you want to grow your business you may realize that you need to learn some new information and skills.
And that’s what Super successful business owners have done before you.
They realize that to really grow their business they MUST become a better business person.
Most ‘unsuccessful’ business owners believe that the way to grow their business is by making a better product, or providing a better service.
They feel that if they have the ‘best’ product the market will come to them.
Well the product or service is only one part of your business. It’s not enough.
Super successful business owners initially build their business on a good product or service. Then when it comes time to grow… they focus on areas that will grow their business.
Super successful business owners focus on areas that most unsuccessful business owner’s neglect or are too busy to focus on.
Areas like…
- Creating Vision, Mission and Values Statements
- Marketing
- Sales
- Customer Care
- Operations
- People
- Team building
- Financial statement
- Financial analysis
- Taxation
- Law
- Technology
- Key Performance Indicators
- Business/life balance
-And building their wealth through
All of these areas sound separate yet they are extremely interconnected and dependant on each other. And as we travel through each session you’ll hear how each topic is linked to, and how much each topic relies on the other topics for its success.
That’s what makes a great business person using all the areas.
It may seem like a long list. If it does or doesn’t don’t worry. It’s a list that I’m absolutely passionate about helping you with.
Because that’s the first step to growing your business.
Become a better business person by working on your business, rather than just working in it.
It’s what I do with clients that I work with one-on-one over a couple of years in my Business Coaching Program.
Copyright © 2006 by Casey Gollan. All Rights Reserved
Danielle
Let me ask you this… What makes a successful business owner?
Well for me, a successful business owner is someone that earns well into six figures or more each year from their business, working around 3 to 4 days (or less) per week.
I call this ’successful’ because if they can make a few hundred thousand a year from their business, and only work a few days per week they have to have a lot of great things in place…
Not just in their business but in their personal life.
It tells me that in their business they have fabulous systems and staff members that are willing and able to work even when the owner isn’t there.
And the business would have great information systems so that the business owner would know everything that’s going on (even though they’re not there) so they can still ‘control’ the business.
They’d have excellent marketing and sales systems that day in day out draw in ‘ideal’ customers that willingly buy from the business, at full price.
Plus because of the level of service and quality in the business the customers are loyal and enthusiastically refer other people to the business.
The business owner would also have a high level of trust in their staff to run the business which shows me a couple of things.
Number 1, they’d have excellent staff recruitment and training programs to build their staff into competent team members.
And Number 2 They’d have a high level emotional maturity to allow this to happen.
In their personal life, I’d consider these business owners successful because they would have enough free time during the week to spend on their own doing exercise or their favourite hobbies.
This recharges their ‘batteries’ and keeps them fresh. Thus they always seem to be ‘on-the-ball’.
Plus, they spend good quality time with their partner at home and their family.
And that’s crucial.
Just ask anyone whose business has caused a marriage break up, and/or illness through stress.
You see, growing a business that overtakes your life is very, very easy. Most business owners achieve this within the first couple of weeks of starting!
Growing a business that also enhances your lifestyle is a lot more difficult.
But it is possible.
And that’s what I do with the business owners I work with.
We create profitable business growth that enhance their lifestyles
For me it’s about Business and Life Harmony.
So what’s the underlying secret to achieving it?
Commit to becoming a better business person.
Every successful business owner will tell you this…
It’s not one single thing that will make the difference to your business growth.
It’s a lot of things.
You see most business owners are waiting for the ‘one big’ order or the ‘one great year’ or the ‘one great staff member’ that will make all the difference.
The successful business owners know differently.
The successful business owners know that to have an extraordinary business they must be an extraordinary business person.
They know that if they want to grow to $2 Million… they have to learn how to become a $2 Million business owner. And this requires improving their business skills.
There are many skills to learn.
You’ve got to know how to make the product or deliver the service.
You’ve got to know how to market your business
How to sell, how to find suppliers, how to negotiate, how to hire people, how to train people, how to read and understand financial statements the list goes on and on.
Yet it can be, and is simple… when you learn how to do it simply.
And that’s my role with you.
You see as a business coach my skill is making your business growth predictable, controllable and a hell of a lot easier.
All of my clients will tell you that.
So back to you.
If you want to grow your business you may realize that you need to learn some new information and skills.
And that’s what Super successful business owners have done before you.
They realize that to really grow their business they MUST become a better business person.
Most ‘unsuccessful’ business owners believe that the way to grow their business is by making a better product, or providing a better service.
They feel that if they have the ‘best’ product the market will come to them.
Well the product or service is only one part of your business. It’s not enough.
Super successful business owners initially build their business on a good product or service. Then when it comes time to grow… they focus on areas that will grow their business.
Super successful business owners focus on areas that most unsuccessful business owner’s neglect or are too busy to focus on.
Areas like…
- Creating Vision, Mission and Values Statements
- Marketing
- Sales
- Customer Care
- Operations
- People
- Team building
- Financial statement
- Financial analysis
- Taxation
- Law
- Technology
- Key Performance Indicators
- Business/life balance
-And building their wealth through
All of these areas sound separate yet they are extremely interconnected and dependant on each other. And as we travel through each session you’ll hear how each topic is linked to, and how much each topic relies on the other topics for its success.
That’s what makes a great business person using all the areas.
It may seem like a long list. If it does or doesn’t don’t worry. It’s a list that I’m absolutely passionate about helping you with.
Because that’s the first step to growing your business.
Become a better business person by working on your business, rather than just working in it.
It’s what I do with clients that I work with one-on-one over a couple of years in my Business Coaching Program.
Copyright © 2006 by Casey Gollan. All Rights Reserved
Danielle
Comments Off
Nov
12
chris c asked:
I transitioned my business mid 2007 to an LLC. Should I file taxes as two separate businesses? The first to include income and expenses as the sole proprietorship and the second to include income and expenses after becoming an LLC.
I transitioned my business mid 2007 to an LLC. Should I file taxes as two separate businesses? The first to include income and expenses as the sole proprietorship and the second to include income and expenses after becoming an LLC.
Or should I just include everything under the LLC?
Thanks!
It is a single owner LLC with its own Tax ID.
Also, I do not have any employees.
Grace
debra l asked:
I plan to work as a business person who finds different vendors for this business. Is this profitable? Is this a good plan?Do I meet first with the business with my idea, or do I start with the vendors first , or do I start my own webpage and have the vendors as part of that first?
Rose
I plan to work as a business person who finds different vendors for this business. Is this profitable? Is this a good plan?Do I meet first with the business with my idea, or do I start with the vendors first , or do I start my own webpage and have the vendors as part of that first?
Rose
Oct
18
Filed Under (Make Money) by
business news asked:
Copyright 2008 IPS – Inter Press Service/Global Information Network
BEIRUT, Lebanon, Feb 6 2008
The year 2008 has already been grim for most Lebanese businesses: Struggles with the nation’s permanent protest movement, security problems, a brief war in a Palestinian refugee camp and sporadic bombings have brought the nation to its knees.
Most recently a bomb tore through the bustling Chevrolet area on the outskirts of Beirut on Jan. 25, killing Captain Wissam Eid from the Internal Security Forces.
As the political situation tips further in the direction of widespread insecurity, however, Lebanese businesses around the country are clinging to the motto, "the show must go on." Expansion seems to be the word on the street in Beirut, no matter what the uncertain future may hold.
ABC, a major department store and mall with seven outlets, two main flagship stores and a staff of more than 1,000 is currently revamping one of its main branches in Dbayeh.
"In March, we are also launching a new section extending over an entire floor of 8,000 square meters dedicated to children, dubbed Kidsville. It will also include a 500 square meter playground, an array of kids’ accessories and a coffee shop, La Mie Doree," said Robert Fadel, ABC’s general manager. A second big store in the Ashrafieh suburb of Beirut is adding an extension for a playground that will fill an expanse of 800 square meters.
The Johnny R. Saade group is also jumping on the expansion bandwagon. Its travel and tourism arm, Wild Discovery, will be setting up shop in Kaslik in northeast Lebanon in a few months.
"We decided to push forward with the opening of new branches in Lebanon despite the prevailing situation, following the simple strategy that one has to invest and position oneself in times of relative crisis to prepare for the inevitable economic and political recovery that can be foreseen," said Sandro Saade, one of company’s owners.
"This opening is also justified by a strategic objective to cover the northern Beirut area, where there is a demand for high-quality travel services."
The company’s real estate arm boasts a $30 million residential project sprawling over 18,000 square meters in one of Beirut’s posh suburbs. In addition, the group is developing a winery in Bekaa Valley, near the villages of Kefraya and Tell-Denoub, covering a 50-hectare swath of land. The project is estimated at $25 million and will employ 50 people, excluding seasonal workers.
"The Lebanon venture will also integrate two other complementary projects, namely a wine museum and a boutique hotel, or ‘h"tel de charme’" with 30 to 35 rooms, said Karim Saade, another company owner.
It is not just big names that are taking a leap of faith into the murky Lebanese waters.
Nehme Lebbos, founder of Iloubnan, a news portal for Lebanon, left his home country in 1991 and worked as an IT consultant for 12 years in France before coming back.
"I wanted to come back ever since I left. I started IIoubnan in March 2005 with the help of my wife, a French journalist," Lebbos said. "It is a Web magazine dovetailed with an e-commerce wing."
The young entrepreneur has poured all his savings into this venture, relying on a bank loan, as well. The company’s recent success has allowed for an increase in operations, with four journalists employed on a full-time basis and a network of 20 freelance journalists around the world.
A shared vision of Lebanon seems to cement together the diverse business figures. "Lebanon is our homeland and we believe in our country," Fadel said. On the other hand, Lebbos is conscious of the risks he might incur but is nonetheless determined to promote change in his home country.
Although most companies are investing in Lebanon, many have also looked to taking their business abroad. ABC will be opening in Jordan in March. "The company will bring to the Jordanian market a spirit of Lebanon, and aims at becoming a leading and trendy shopping destination," Fadel said.
Similarly, the Saade brothers are relying on an international network of agencies for their tourism activity as well as launching a new winery in neighboring Syria. The group is trying to counter the negative business environment by highlighting the quality of its services. And so Wild Discovery is investing in an in-house sales training program expected to enhance its team’s knowledge and technical skills.
For most entrepreneurs, the essential rationale linking their projects is endorsing Lebanon as a brand in the region. Lebbos believes that this cannot be done without the help of young Lebanese people. "They need to travel, study abroad, graduate and experience foreign countries," he said, and "then come back and invest in Lebanon."
http://www6.lexisnexis.com/publisher/EndUser?Action=UserDisplayFullDocument&orgId=574&topicId
Helene
Copyright 2008 IPS – Inter Press Service/Global Information Network
BEIRUT, Lebanon, Feb 6 2008
The year 2008 has already been grim for most Lebanese businesses: Struggles with the nation’s permanent protest movement, security problems, a brief war in a Palestinian refugee camp and sporadic bombings have brought the nation to its knees.
Most recently a bomb tore through the bustling Chevrolet area on the outskirts of Beirut on Jan. 25, killing Captain Wissam Eid from the Internal Security Forces.
As the political situation tips further in the direction of widespread insecurity, however, Lebanese businesses around the country are clinging to the motto, "the show must go on." Expansion seems to be the word on the street in Beirut, no matter what the uncertain future may hold.
ABC, a major department store and mall with seven outlets, two main flagship stores and a staff of more than 1,000 is currently revamping one of its main branches in Dbayeh.
"In March, we are also launching a new section extending over an entire floor of 8,000 square meters dedicated to children, dubbed Kidsville. It will also include a 500 square meter playground, an array of kids’ accessories and a coffee shop, La Mie Doree," said Robert Fadel, ABC’s general manager. A second big store in the Ashrafieh suburb of Beirut is adding an extension for a playground that will fill an expanse of 800 square meters.
The Johnny R. Saade group is also jumping on the expansion bandwagon. Its travel and tourism arm, Wild Discovery, will be setting up shop in Kaslik in northeast Lebanon in a few months.
"We decided to push forward with the opening of new branches in Lebanon despite the prevailing situation, following the simple strategy that one has to invest and position oneself in times of relative crisis to prepare for the inevitable economic and political recovery that can be foreseen," said Sandro Saade, one of company’s owners.
"This opening is also justified by a strategic objective to cover the northern Beirut area, where there is a demand for high-quality travel services."
The company’s real estate arm boasts a $30 million residential project sprawling over 18,000 square meters in one of Beirut’s posh suburbs. In addition, the group is developing a winery in Bekaa Valley, near the villages of Kefraya and Tell-Denoub, covering a 50-hectare swath of land. The project is estimated at $25 million and will employ 50 people, excluding seasonal workers.
"The Lebanon venture will also integrate two other complementary projects, namely a wine museum and a boutique hotel, or ‘h"tel de charme’" with 30 to 35 rooms, said Karim Saade, another company owner.
It is not just big names that are taking a leap of faith into the murky Lebanese waters.
Nehme Lebbos, founder of Iloubnan, a news portal for Lebanon, left his home country in 1991 and worked as an IT consultant for 12 years in France before coming back.
"I wanted to come back ever since I left. I started IIoubnan in March 2005 with the help of my wife, a French journalist," Lebbos said. "It is a Web magazine dovetailed with an e-commerce wing."
The young entrepreneur has poured all his savings into this venture, relying on a bank loan, as well. The company’s recent success has allowed for an increase in operations, with four journalists employed on a full-time basis and a network of 20 freelance journalists around the world.
A shared vision of Lebanon seems to cement together the diverse business figures. "Lebanon is our homeland and we believe in our country," Fadel said. On the other hand, Lebbos is conscious of the risks he might incur but is nonetheless determined to promote change in his home country.
Although most companies are investing in Lebanon, many have also looked to taking their business abroad. ABC will be opening in Jordan in March. "The company will bring to the Jordanian market a spirit of Lebanon, and aims at becoming a leading and trendy shopping destination," Fadel said.
Similarly, the Saade brothers are relying on an international network of agencies for their tourism activity as well as launching a new winery in neighboring Syria. The group is trying to counter the negative business environment by highlighting the quality of its services. And so Wild Discovery is investing in an in-house sales training program expected to enhance its team’s knowledge and technical skills.
For most entrepreneurs, the essential rationale linking their projects is endorsing Lebanon as a brand in the region. Lebbos believes that this cannot be done without the help of young Lebanese people. "They need to travel, study abroad, graduate and experience foreign countries," he said, and "then come back and invest in Lebanon."
http://www6.lexisnexis.com/publisher/EndUser?Action=UserDisplayFullDocument&orgId=574&topicId
Helene
Comments Off
Oct
04
Gina G asked:
Have a small business and have a customer that has run up a debt and their company is now filing bankruptcy. How does a business go about collecting from the business. We are a small business also there has to be laws to help protect us also. Need some advice on how to legally go about being paid as a creditor. Also if a business says they are filing bankruptcy is it public record and what sites show this record.
Ingrid
Have a small business and have a customer that has run up a debt and their company is now filing bankruptcy. How does a business go about collecting from the business. We are a small business also there has to be laws to help protect us also. Need some advice on how to legally go about being paid as a creditor. Also if a business says they are filing bankruptcy is it public record and what sites show this record.
Ingrid
