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1099 - MISC Forms For Independent Contractors For 2005
As we begin 2005, you’re probably not thinking about taxes at all. This is a mistake as deadlines are approaching for issuing and filing 1099s to independent contractors.
What is a 1099 MISC?
Generally speaking, the IRS requires you to report...
Business Intelligence : Accelerate Your Business Performance
Business intelligence is the process of gathering information
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Is Your Trash Cash? 5 Easy Places to Sell Your Stuff
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HOW TO STAY FOCUSSED AND BUILD YOUR BUSINESS
You have a detailed business plan, which showed the overall
intent of your company. You presented the business plan to your
bank before start-up and they submitted funding in the amount
that you both deemed acceptable. The original business plan
contained the basis of the procedures that will help you stay
focussed while the company grows. Let's examine some of these
processes that you will use to give your business the focus it
needs to grow and succeed.
1. A marketing plan. If sales are a part of your operation (and
it seems that some form of selling is always a big part of every
company), then, you will need to have your sales group focussed
on a marketing plan. Short term and longer-term analysis should
be a part of this planning and will likely contain an analysis
of your competition, market potential and sales projections. Be
careful not to fall into the trap of letting "the business take
care of itself", stay focussed at all times and be sure your
managers are tuned into this market monitoring regularly,
nothing is more defeating to the general manager/owner than to
be told by a sales manager...I didn't see that coming! YIKES! 2.
Accounting procedures. If sales are important, then the need to
stay focussed on receiving the proceeds from sales is equally
important. Accounts payable, expenses and accounts receivable
need to have fixed procedures in place to allow money to flow
freely through the company coffers. Focussing on these
procedures at regular weekly and monthly meetings will put the
accounting and marketing groups on the same path. A rift between
marketing and accounting is a common bureaucratic occurrence; so
don't be surprised if one point you hear from someone from sales
state, "We make the money here, how come I have to live by their
rules?" Getting these two operations to stay focussed on a
bottom line results oriented approach is a regular part of an
owner's job description. 3. Human resources. If you have ever
worked for a manager, who considered his employees as
expenses
rather than assets, then you will be familiar with the need for
managers to stay focussed on human resources within the company.
A manager who is fixated on staff reduction regardless of their
accomplishments will create an atmosphere of fear. Certainly, no
one wants to be grossly over-staffed, but a good owner/manager
will focus on keeping adequate employee base numbers, and ensure
continuing training, safety programs and top of the line
employee benefits. It's your campground, why not have "happy
campers?" 4. Selling your business. This does not mean selling
in the true literal sense. It means focusing on being sure your
company image is one that is the envy of your competitors and is
known in the business world as a first class operation. You can
do this by having key managers attending industry conferences.
Be clear and tell them that their focus at these seminars is to
network, thoroughly gathering as much new information that they
can. They should also 'sell' other attendees on the importance
and efficiency of their company in the industry. Upon their
return, have follow-up meetings with these managers where they
will report in detail on what they have learned. Managers
attending conventions and seminars should take opportunities to
enjoy themselves, nevertheless, they will be the "face" of your
company, it's wise be sure that they focus on making them
business meetings, and not all "playtime."
If planning, organizing, staffing, direction and control are
five major factors in managing a company, staying focussed
throughout the process, is paramount!
About the author:
Matt Bacak became "#1 Best Selling Author" in just a few short
hours. Recent Entrepreneur Magazine's e-Biz radio show host is
turning Authors, Speakers, and Experts into Overnight Success
Stories. Discover The Secrets To Unleash The Powerful Promoter
In You! Sign up for Matt Bacak's Promoting Tips Ezine ($100
value) just visit his website at http://www.powerfulpromoter.com
or http://promotingtips.com
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