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gomembers’ participates in Texas Society of Association Executives Meetings Industry Panel
gomembers, Inc. (http://www.gomembers.com) makers of the meetingtrak, the industry leading meeting and event planning software, participated in the September 19, 2004 meeting of the Texas Society of Association Executives (TSAE: http://www.tsae.org)...
Help to get out of debt
Debt Help is the stepping stone to debt elimination and financial recovery. Debt help analysis guides you to save thousands of dollars in interest charges. Consolidation of your credit card debts and other unsecured bills will allow you to get...
How To Get A Great Credit Card With Bad Credit
Credit Cards For Consumers with Poor Credit Ratings
Ever wondered how and why you can go online and be approved for credit within seconds? Or receive a pre-qualified loan or credit card without anyone asking how much money you make? Or why...
Ten Fatal Flaws Frequently Found from the Podium
1. No clear purpose for the presentation. What is the point and focus of the speech?
2. Not starting and stopping on time. Be flexible and be able to cut the talk short if asked. Be in control.
3. Not dressing appropriately. Always be a...
Various Aspects Of The Lease Purchase Business
In a previous article, we wrote why we believe that Lease Purchasing is the perfect home-based business, here we want to briefly touch on some of the actual aspects of operating such a business, the pluses and minuses and why Lease Purchasing...
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A Simple Business Test
I'm often asked to review people's ideas. Sometimes they want financial support, sometimes they just want confirmation that the idea they have is worthwhile. When you approach a bank about your pet project they'll ask for a business plan, as well they should. By the time you reach your local lending officer they expect you've done your homework and are not just "vetting" your idea. Business plans are long, involved and necessary when you need financing.
When people ask me for specific financial support for their idea, I usually ask for a business plan. No plan, no cash. But writing an entire business plan for every single business concept is time consuming and counterproductive. For those just looking for advice I like to ask for a very simple review. Usually I know the answer (or close enough) before I ask. What is important is that you learn the answer. The review looks like this. Imagine that your idea is well funded, marketed and accepted. That your "best case" scenario comes true. Look at your numbers. Would you want to give up your day job, risk your home, savings and sanity for the amount of money your best
case scenario brings in? Being in business is far more complicated than just this test. But you can decide whether the risk has any potential for success using this simple exercise. If the best case scenario doesn't provide enough cash for you to live on the idea either needs to be scrapped or wrapped in with other ideas for a more complete business. You can practice this by analyzing businesses that you patronize. What's the overhead? Employees, leases, rents, cost of goods sold, debt service, etc. What's the likely income per day? Week? Month? Is what appears to be left over worth it? Learn to analyze on a "best case" scenario and you'll find many business ideas are indentured servitude in disguise. As long as you're going to be a wage slave, you might as well let someone else take the risks!
About the Author
Bruce McCurtain has owned, operated or partnered in ski areas, marinas, campgrounds, title insurance, hotels, land development, restaurants, and many other businesses. He spends most of his time working on the new frontiers, whether that is in business development or reorganization of existing operations
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Finance - Leases-Leasing Ezine Articles |
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Finance » Leases Leasing » Absolute Article Directory |
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By David Springer | On January 29, 2006 | In Leases-Leasing | Rated. Short on cash, but need equipment? Consider leasing what you need. ... |
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OmegaMotors.com - Your Money - Leases - Leasing Overview |
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