Hi, I hope you enjoy my business blog. I want to share the knowledge I have learnt over the years from running my own business. It can be really tough and there have been times where I felt like I did not want to go on but once I got past that, it has been one heck of a ride and I am still enjoying every minute. Sharing knowledge is one of the greatest gifts that can be bestowed and that’s what I want to do here. Enjoy your visit.
If you’d like to improve your project management skills, then taking the Prince2 course is one of the best things you could ever do for your career. In this guide, we’re going to examine the course in closer detail. First, we’ll cover what the course really is, then we’ll discuss the benefits it offers, and finally, what your next step should be. By the time you’ve finished reading, you’ll understand why the course has so much to offer, and why it’s such a good move for your career.
What Is The Prince2 Course?
The first thing to understand is that Prince2 is actually an acronym. It stands for Projects In Controlled Environments, which should give you some clue as to what the course itself covers. It’s primary focus is to give you a firm foundational education in project management techniques, and it can quickly give you the career boost you’re looking for.
Far from being the usual dry, stilted course that’s best left in the past – the Prince2 method is both flexible and adaptable, which means you can apply the course materials to a variety of different organisations. What’s more, the skills you master are very transferable, so it’s useful to learn even if project management isn’t your main field.
Once you’ve mastered the materials, it really isn’t a big leap at all to see how the skills can apply to a wide variety of different projects, regardless of how big or small they might be. It can be used to manage large scale, ongoing projects – all the way down to smaller projects that only need a few days of project management planning.
Finally, it has many similarities to other project management techniques that you may already be familiar with. While the original system was developed back in 1989 (and based on even earlier work from 1979) it’s easy to see the influence it’s had on the entire industry. In fact, many of the key principles and guidelines have already filtered into other lines of management work. Altogether, this means your new skills will be very valuable to both you, and any company you may work for in the future.
What Are The Benefits Of Certification?
The most obvious benefit this course provides is the certification you need to be taken seriously within a project management career. It will give you the systems, procedures, and essential language you’ll need to move within this world.
It will teach you how to manage risk, and how to run a business effectively. Simply put, you will become an asset for any company you work for in the future, because you’ll have a strong understanding of how to make an organisation run smoothly and effectively.
What Are The Benefits Of The Methodology?
In addition to how valuable it can be to your career, it’s worth taking a closer look at the benefits provided by the method itself.
First, Prince2 offers project managers a way to ‘standardize’ their approach to their work. This means you will all follow the same methods and procedures – and there’s no denying the obvious benefits it gives you when everyone is working from the same page. It doesn’t hurt that the method has been proven and refined over several decades now, meaning that whatever problem comes up, it’s already been covered in the Prince2 course. This will give you the confidence you need to push through any problem you may face, and it will make you an excellent leader within your organisation.
What’s more, it gives you a process-oriented, step-by-step method for running a project, starting at the beginning and ending with the close. This means you’ll never feel lost or out-of-your-depth when you’re managing a project, which is something that can happen to anyone, but is especially intimidating to people who are new to the field.
What’s The Next Step?
You can learn the Prince2 material in a variety of ways, just as long as the course provider is accredited. This means the Prince2 training course is a popular online course, with many people choosing to learn the material via home study. Distance learning is a fantastic way to develop any new skill, and it’s quite suited to this project management course, as much of the work will involve using a computer.
It can be equally beneficial to study the course in a classroom setting over a weekend, which gives you the opportunity to interact with your peers and discuss the material. This is also an excellent way to learn Prince2, and it’ll get you off to a great start in your career of project management.
In conclusion, the Prince2 course is one of the best project management systems around, and it’s easy to see why it’s considered the standard text for thousands of skilled project managers across the globe. If you’re looking for a method of project management that will never let you down, then studying the Prince2 is the best thing you could possibly do.
One thing that often trips small business owners up is the fact that they have to do virtually everything themselves and what happens is that they are spread too thinly to make any headway. This can be one of the reasons why their businesses fail to grow or even thrive. It is so important to be very disciplined about scheduling your days so that you do make the most of the time available to you. It is tough being a small business owner particularly if you are on your own or have minimal staff to help you and it can be very hard to prioritize and delegate tasks so that the most productivity can be gained each and every working day. Time management is very important so keeping to a strict schedule is definitely the way to go. Be sensible with the amount of time that you allocate for each task or appointment so that you do not overrun every time. Try not to be so generous that time is wasted but estimate the amount of time that it is likely to take based on previous experience. If you don’t have any experience to draw upon, look at the task and break it down into sections then estimate roughly how much time each section is likely to take. doing this can make you far more productive and will create more opportunities so that you can either hire more staff or outsource certain tasks so that you don’t have to do them.
If you have ever wondered how entrepreneurs ever manage to create business after business and keep all the plates spinning, they do not spend their time doing things that they can delelgate or outsource to somewhere else. They look at the bigger picture and do not get bogged down with the humdrum tasks.
As exciting as the entrepreneur’s life is, you have to deal with mundane tasks. Mundane tasks are repetitive, boring, unproductive and yet necessary.
What do busy entrepreneurs do about these mundane tasks? Is there a way to conquer the mountain of minutiae, while still saving your best time for the really important stuff? Here are the entrepreneur’s secrets to dealing with mundane tasks:
They avoid them.
Avoidance? Is this appropriate? In some cases, yes. Let’s consider Mundane Public Enemy Number One: The daily commute.
Question: Why do so many busy people have sleeping bags in their office?
Answer: So they can work as late as they want and avoid that time-draining hassle of getting in the car and going somewhere.
Why should you have to bother with such a hassle? Instead of settling for a daily commute, go for a twice-weekly commute. Stack all your meetings on one or two days, and work remote the rest of the time.
Let’s consider another mundane task, such as selecting your wardrobe for the day. Take a page from the president’s playbook. He eliminates the time-wasting decision of what to wear by buying a few sets of clothes that he can easily pull off the rack and put on.
If you can avoid a mundane task, do it. Entrepreneurs streamline their lives so they can focus on one thing only.
They don’t say yes to anything they cannot or should not do.
An entrepreneur knows what’s important and what’s not. That’s why he or she can say yes to all the right things.
The more things you say “yes” to, the more you’ll clutter your calendar with the detritus of a wasted day.
They do the right stuff at the right time.
Being productive is more about energy management than it is about time management.
When your creative energy is at its peak, it might take you 40 minutes to write an article, whereas when your energy is low, the same task might take two hours. Do your most productive work when you have the greatest amount of energy. Then use your low-energy slump to plow through the mundane stuff. This approach is called chunking. If you consign the mundane tasks to a few hours, say on a weekend morning, then you’ll be able to fly through them.
They schedule like a control freak.
The worst kind of mundane task is the interruption. When some gadfly comes knocking around your office and “just wants to chat” you’re doomed.
The best approach is to keep your calendar locked up with blocks of time where you get stuff done. These “blocks of time” aren’t useless meetings, but rather are portions of your day when you can accomplish significant work.
If you are in charge of a particular team at your corporation, and you would like to get everyone up to speed on new projects that are coming up, or perhaps introduce new forms of training that can help improve your company, you might want to consider meeting with these individuals on a regular basis in order to teach them the new strategies that you would like to impart. This is called teambuilding, and when done at the corporate level, it can be beneficial not only for you, but the company itself. Each part of a company makes up the whole, and by doing your part to educate all of the people in your team, you will be able to help your company make more money which indirectly makes you more money and ensures that you will have a stable form of employment. Here are some corporate team building venue ideas that you should consider when you are starting to build and improve upon your team at work.
What Exactly Is Corporate Teambuilding Training
Many people get confused when they hear the term teambuilding. The reason that they are unsure of what this means is because it has a lot of different definitions. When you think of teambuilding for a sports team, you are actually bringing the players together. If you are working in a school, and you are in charge of grouping students together in order to have a debate, you are not actually educating them, but simply forming different teams of people that will participate in the debate. At the corporate level, teambuilding refers to not only bringing people together, but advancing each individual in areas where they are responsible for certain things at their job. By educating each individual member, you are effectively doing teambuilding because everything that people do in your team is going to have an end result that will benefit the company.
Different Types Of Team Building Options
When you are considering what needs to be done in order to do proper teambuilding, it really depends on what direction you need to go in. For instance, if this is a brand-new team that you are setting up on your own, educating them about what needs to be done, and the responsibilities that they will have, should be done as soon as possible. If you have a successful team, and there are new facets to what your team members are responsible for, then you will have to talk to them about changes that they may have to make in the way that they are conducting themselves, and working together, helping to achieve corporate goals.
How This Benefits Team Members
One final thing to consider before the king at the best teambuilding venues is to understand why this is beneficial. Meeting together regularly, conveying information that will help improve the way that the team functions, is very important for them and their job, as well as their efforts as working as team members. The more information that they have, the more up-to-date they actually are, it’s going to benefit everyone individually and on as a whole. Now that you know why this is beneficial, let’s look at the best teambuilding venues where you can convey all of this information regardless of the size of your team.
Best Corporate Teambuilding Venues
The next thing to consider is where you are going to do the training. A venue is simply a room, a meeting hall, or it could be at a restaurant where everyone can get together in order to talk about business over food. The type of place that you choose depends upon the training that is necessary. For instance, if you are updating everyone on new things that the company is doing, you could probably meet in your office. The size of your team also has a lot to do with where the meetings will be. If you have just a couple people in your team, you could meet at a restaurant, or one of the empty corporate offices that you can use for these purposes. Larger groups, 20 or more people, should meet at a larger facility where everyone can gather together in order to learn about changes and improvements that need to be done. Essentially, you’re going to pick a location that can accommodate all of the people in your team, and provide you with the best possible way to educate these individuals using a Smart Board, Elmo projector, or even a whiteboard to explain everything visually.
Now that you have a better idea of what venue will be proper for the type of training that you would like to provide for your corporate team, you can start to plan these meetings in advance, making sure that you have everything in order that you want to discuss, and accommodations so that everyone will have a place to sit and learn what needs to be done next.
When it concerns bookkeeping, there are just 2 ways to do it – either you do it yourself, that is, hire a full-time staff member to keep the books for you, or you outsource the work to a specialist firm. But if you ask us, we believe that you must contract out the work, for a number of factors as you shall see below.
One of the major advantages of contracting out accounting and other accounting work is the lower expense. Exactly due to the fact that you are not paying for another member of staff with salary, taxes, holiday & sick pay, you are only paying for works being done and this will save your business a lot of money over the course of a year.
While many people associate outsourcing with cheap labour from emerging countries such as India, the fact of the matter is that accounting companies will use their own staff or outsource to British citizens so they will be fully familiar with UK bookkeeping and accounting requirements.
It’s up for you to find these companies online, nevertheless, a good way to find them is to merely type in “business bookkeeping services United Kingdom” on Google or any other search engine.
Since you’re not managing another staff member, you’re entrusted space in regards to finances. That additional money is something that can contribute to the bottom line earnings of a business.
There are numerous business book keeping services out there that you can employ to do abundant but repeated and mundane work for you. However, it is very important to bear in mind that not all of them are developed alike and there are business that are much better than others.
Thus, whatever you do, do NOT work with the first accounting or specialized book keeping company that you satisfy since it’s a foolproof way to work with a truly bad one. Rather, research on a minimum of three companies and research and compare.
If you do a little digging on Google, it is completely possible to find testimonials by previous and current customers of each of the business you encounter, however if you desire something strong, you should go to the Financial Ombudsman and aim to see if there have been any grievances. Having no grievances is a great sign, nevertheless, you ought to dig deeper by asking each a business about its hiring process, that is, how it hires its accounting professionals.
There are some business that tell you right off the bat on their website how they hire accounting professionals. One business said it only employs 3 % of its applicants.
There are companies offer complimentary 30-minute appointments to novice customers. You can and should benefit from any totally free examination that an outsource accounting company provides.
Bookkeeping is actually just one of aspect of accounting and it’s most likely the most standard. Should you hire an outsource accounting company to do your books? Well, that really relies on your requirements.
If you have a little to medium-sized company and are having accounting troubles but can not pay for to employ a full-time accountant, you must outsource in order to navigate your business with authority. The average yearly salary of accountants in the United Kingdom is around ₤ 40,000. When you contract out, it is completely possible to obtain the work done for a fraction of that expense or at least 10 thousand pounds less costly, yet the quality of the work would still be the same.
When you outsource your accounting and accounting, you can prevent your business’s spending while still getting precise monetary information which you can use to make projections and plans for your business. It will certainly also help you to avoid running into issues with the government, especially with the HMRC.
SMS marketing is becoming increasingly popular as more individuals rely on their cell phones to find information, research products before shopping and staying in touch with the brands they love. If you do not use mobile marketing yet, you should consider developing an SMS marketing campaign.
Quality content is the key to a successful mobile marketing campaign. People will not subscribe to your SMS campaign or will not read the messages you send if you do not share quality content. Using SMS to share special offers is an excellent strategy since the content you share will help people save money on products they are interested in.
Generate an interest for your SMS marketing campaign. You should mention this new campaign on the other platforms you use for marketing purposes. Present this new campaign as valuable by giving some examples of the text messages you will be sending. You could also give people an incentive to subscribe to this campaign, for instance by giving them a small discount on their next purchase.
Sending an SMS to let people know you are lowering the price of an item is not enough. You need to add a call to action. Encouraging recipients to perform an action increases your chances of generating a sale. If you only require recipients to read the messages you send them, they will probably forget about the promotional offer within a few minutes.
Asking recipients to visit a link or perform another action to find out more about the special offer is a great way to engage your audience. A recipient will be much more likely to purchase the product you are promoting if you can convince them to perform an action right away.
Promoting time sensitive promotional offers is another good way to generate more sales. Your offer will be considered as more valuable if it is available for a limited time period.
Recipients will be more likely to perform an action if they get the impression that this will be their only chance to benefit from the offer you are promoting.
Keep in mind that an SMS marketing campaign can quickly become intrusive. Your recipients will receive a notification and probably check their phones right away whenever you send them a message. You should limit yourself to one SMS a week. Sending messages more frequently could be seen as intrusive and cause you to lose a lot of subscribers.
All your messages should include a link recipients can use to unsubscribe from your campaign. You should also collect the phone number of your recipients and get the authorization to send them messages. It is best to provide subscribers with details on how often you will send them messages and what kind of content you will share with them. You should also avoid sending images via SMS since some of your recipients might have to pay additional charges.
Find a way to measure the efficiency of your SMS marketing campaign. If possible, invest in SMS marketing software so you can easily send messages to a large group of recipients and keep track of how many people opened your message. You can also measure the impact of your campaign by encouraging recipients to follow links to learn more about a special offer.
Keep track of how many visitors this link receives to get an idea of how many recipients pay attention to your messages.
You will probably have to make a few changes to your SMS marketing campaign to improve your results. Keeping track of your results is the best way to get an idea of which strategies work best with your audience. You might for instance notice that a specific call to action does not yield good results. Some target audiences respond better to time sensitive promotional offers than other groups. You will have to find out which strategies are efficient for the audience you are targeting through a process of trial and error.
Using SMS marketing is an excellent way to stay in touch with your audience, remind them about your brand and even generate sales. Remember that it is important to share quality content with your audience and to encourage recipients to perform an action so they will become engaged with your brand.
Marketing and promoting your company on the internet is method less costly than setting up an ad on TV or a billboard along the freeway. Indeed, it is! You can advertise for as low as $5 but you can’t do that with a TV or billboard ad. Consider how many times you wish to flash your ad on television – you undoubtedly need a lot of financial resources to do that. You can even lose your entire bankroll to spend for the airtime.
However, despite the fact that it is a lot cheaper to advertise online as compared to the conventional marketing methods, it can still cost you a lot of money if you are not keen and careful with your online advertising techniques. One wrong keyword option and you can plunge into a expensive and ineffective marketing strategy.
However aside from the generally less costly expense of promoting your company on the internet, there are still affordable ways to cut cost in online promotion and marketing. Read on to learn how.
There’s social network advertising. Social media networks are taking over the internet nowadays. Not just for specific use, companies have actually likewise brought their business to their social networks, hoping to link to their target market.
Twitter, LinkedIn, Facebook, YouTube and Google Plus- it’s totally free to register but, they are amongst the best and fastest methods to connect to the right people who need your products and services.
Short article Advertising – it is totally free to share details to online readers with interesting and important posts, and in return, you can build links to your internet site totally free. You could not be permitted to do some marketing talk on your article, but they are good automobiles to build your integrity, to let your knowledge be understood and to promote your internet site with the resource box. With excellent posts, you can promote your website cost-effectively and take advantage of it in the long run. For as long as your short articles are live online, you can expect it at least bring in traffic to your website for a long time.
SEO. Search engine optimization. You could have become aware of it and seen these letters commonly online. That’s due to the fact that Search Engine Optimization is an essential aspect to be able to launch your company marketing effectively online. Remember that promoting your company online is still about making your business noticeable to your market and the very best method to do that is to make your website visible to the top of the search engine rankings. You can do that with correct Search Engine Optimization practices.
Without the best optimization practices, you may wind up exhausting your resources in pricey advertising techniques.
Have a quality, internet material. The ‘meat’ of your website is your material as it tells all about your company and exactly what you do and exactly what you offer. It is also tells the search engines that you do have a important website that they have to pick up and index hence, invest in superior, online search engine optimized internet content. Even if you have the highest traffic being available in to your website, you might discover it difficult to transform this into sales if you have bad web content. This is one big challenge in marketing and promoting your company on the internet as well.
Select an easy to use website. Benefit is a significant choosing factor for lots of people presentlies, and in the online world, many people, if not all, like the instant, one-click-show-all functions, hence purpose to offer your target audience a website that loads fast and something that is skillfully created, appealing to the eye and easy to navigate and check out.
Social network, post marketing and seo can be your keys to promoting your company online however they can be lengthy. That’s a fact. You can compose your internet content however you undoubtedly cannot commit your time composing brand-new and fresh quality web material routinely.
Post marketing is not a one-shot deal. You also need to send out brand-new short articles every so often. Social network requires upgrading and needs to be current and with routine activity or else, you will not get a great following.
One option to cut expenses and save time in doing these jobs is to outsource. It has been among the most useful and best things you can do when it comes to having these jobs done regularly and up-to-date. With people looking after these things for you, you can set your time concentrating on the objectives of your company and refining and redefining your company strategies.
However one thing to keep in mind: Outsource to the right people! This will certainly assist you prevent squandering valuable time and resources and will help you in a methodical means of promoting your company on the internet.
The Company Directors Disqualification Act 1986 allows the court to make a disqualification order where appropriate. As well as directors themselves, shadow directors and anyone carrying out directorship functions can also be disqualified under the act.
A disqualification order made under the CDDA prevents an individual from:
– Acting as a company director.
– Forming, promoting or managing a company, directly or indirectly.
– Acting as a company administrator or liquidator.
– Managing or receiving company property.
There are several sections of the Company Director Disqualification Act 1986 under which an order for disqualification can be made. Disqualification can be made for a specific period of between 2 and 15 years. This will be specified on the order.
What is the difference between a Disqualification Order and a Disqualification Undertaking?
Disqualification Undertakings were brought into effect in 2001. These are issued by the Secretary of State and are effectively the administrative equivalent to the Disqualification Order. The matter does not need to be referred to the courts but can be carried out entirely through the Secretary of State for Business, Innovation and Skills.
When a company goes under, the Official Receiver (OR) is obligated to submit a report to the Secretary of State, detailing the conduct of all directors involved in company proceedings for the previous three years. It is then the Secretary of State’s responsibility to make a decision as to whether there are grounds, based on public interest, to seek an order for disqualification through the civil courts.
Inappropriate conduct that could potentially warrant a disqualification under the CDDA could include:
– Continuing to trade despite insolvency and to creditors’ detriment.
– Keeping improper accounts.
– Failing to prepare or submit returns to Companies House.
– Failing to submit a tax return or to pay monies due, including Crown tax.
– Failing to work in co-operation with the Official Receiver (OR).
Notification of a Directors Disqualification Order Application
If there is to be a directors disqualification order made, notification will be directed to the most recent address provided to Companies House. Unless explicitly ordered by the court following the winding-up order, administrative receivership, administration or voluntary liquidation, there is a two-year time limit for a disqualification application.
After an Application for Disqualification Has Been Made
If there is to be an application for disqualification, the Official Receiver or the Secretary of State will compile and submit a report to the court, detailing the directors and their conduct.
The directors themselves will be given the chance to provide an explanation for their actions via a statement of truth (sworn on oath, typically in front of a solicitor). There may be additional statements from creditors, accountants or bankers. Using all of this information, the courts will make a decision as to whether conduct made the directors unfit and, if a disqualification is to be issued, for how long.
What purpose does the Company Directors Disqualification Act 1986 serve?
It is important to preserve the integrity of the business environment, and the CDDA goes some way towards achieving this objective.
Directors of limited companies are obligated to carry out their duties responsibly, keeping in mind the interests of creditors, employees and other company stakeholders at all times, and exercising proper care and skill to ensure these interests are upheld.
Most directors take their roles seriously and do not abuse their limited liability position by neglecting to adhere to these obligations. For those who don’t, the CDDA is in place.
When can a Disqualification Order be made by the Courts?
There are a number of examples, including:
– Where offences have been committed under Companies Act Legislation.
– Trading while insolvent, unfit conduct or other wrongful trading.
– Omitting to file reports required under Companies Act Legislation.
Since the act came into force in 1986, almost 10,000 disqualification orders have been issued.
How Proceedings for Disqualification Start
Where unfit conduct, such as failure to pay taxes, file reports or keep proper records has been identified, it must be reported to the Secretary of State for Business, Innovation and Skills. The process will then be referred to the civil courts.
Proceedings relating to a company failure are typically referred to the Secretary of State for Business, Innovation and Skills by the Official Receiver. This is often as part of a compulsory winding-up. Where the Secretary of State does not undertake to accept and issue the disqualification themselves (a disqualification undertaking), the matter will be referred to the courts for a decision.
Disqualification of directors usually runs for a minimum of two years. The maximum term stands at 15 years. The length of the term will be dependent upon the individual circumstances of each case.
In addition to a disqualification, the disqualified director will often be given an order to pay the expenses and costs of the Official Receiver and/or the Secretary of State in bringing the action to court.
How does a disqualification undertaking or disqualification order affect the individual to whom it has been issued?
Unless expressly given permission by the court, the individual disqualified cannot undertake the following for the entire period of the order:
– Be a company director.
– Receive company property.
– Form a new company or undertake any management or promotion of a company.
– Act as a practitioner for insolvency.
Once the term has passed, the individual issued with the Disqualification Order or Undertaking may once again take up a position of trust as a Company Director or within a Company Partnership.
Running your own business can be very satisfying but is also fraught with problems. There is no doubt that being your own boss has many benefits but it also comes with many responsibilities and this is especially so if you plan to run your business with your husband/wife/life partner. You need to be very clear about how the business will be run, who will be responsible for what and what contingency plan you have put in place. Each of you needs to have your own role within the business and be allowed to get on with it, do not, however tempting it might be, interfere with the other person’s job. Never be afraid to ask for help or advice and be prepared to discuss aspects of the business in an unemotional and rational manner. It is also very important that when you go home, you leave work at the door so that you get to spend quality time with your beloved and not just talk shop.
Make sure you and your partner are in alignment on money, vision and business roles, says entrepreneur Allie Sarto.
When people find out that I’ve been running a company with my husband since I was 24, the reactions are always a mix of shock and wonder. “How does that work out?!” they ask us.
I’ll be honest: While it’s been a lot of fun, there have definitely been bumps along the road. We jumped in head first back in 2009 with no clear vision for what we wanted to get out of the company. We were both just along for the ride.
Now, five years in, I think I’m able to offer some advice to others who are thinking about doing something they feel passionately about with someone they feel passionately about. I’d suggest making sure you’re in alignment on these three areas before getting started:
1) How will you pay for expenses—your own and the business’s? This is arguably the most important aspect to be in agreement on from the get-go. Studies have shown a negative correlation between consumer debt and marriage quality; add in the stress of business expenses and a lack of steady household income because you’re both involved in the business, and you’re likely setting yourself up for trouble.
For every tale of an entrepreneur who makes it big after going deep into the hole with credit cards, there are dozens of other stories about entrepreneurs who are still struggling to pay off their plastic many years later.
What worked for us: We built up a six-month emergency fund before we ever left our jobs to start the new business. This absolutely saved us in the early days, since it took more than three months of hard work to earn a single penny for the new business.
Other couples I’ve talked to have had one partner stay in a full-time job while the other partner goes all in during the early days. This diversifies the risk and allows the couple to focus on building the company together without the stress of wondering how the bills will get paid. Once the company is to a point where business is consistent and the couple has been able to establish a safety net of emergency cash, both partners can commit to the business full time.
2) What is your vision for the company? A second point to be in alignment on before starting your business: your visions for your company’s future. How big do you want your company to become, and what types of sacrifices—typically time put into the business—are you willing to make to get there? Click here to continue
If you are considering starting a company or maybe have an concept that you think is excellent and you can turn it into a company, there is no question you need to get your thoughts down on paper.
This is typically done in the form of a company plan. However, most people think company plan and right away cringe and start fearing it is beyond their means.
It did not have all the bells and whistles of a Fortune One Hundred , however most business plans do not. Exactly what they all do have to have is your ideas jotted down in a clear and concise format that you can comprehend with details that concerns what you are attempting to achieve.
For a single person on the program, her strategy was just a drawn out diagram of how she might get her product from point A (the starting point) to point B (into the consumer’s hands as a sale). Your plan could require more work, or then again it may require less.
I have assembled a few questions that you must ask yourself before you start. These questions can be very useful guidelines that you can use in your business strategy. It is very important that you answer these concerns truthfully and extensively and you will soon see a clear vision of what you want to accomplish entered light.
Developed a objective statement. Before you do anything write down your objective statement. In other words what is the objective you are trying to achieve with your services or product?
YOUR BUSINESS IDEA
Jot down your business concept. If you are offering a brand-new item jot down what it is.
Write down exactly what need your services or product addresses. Whatever it is you offer it needs to fill a requirement otherwise no person would buy it. Define the need that it fills.
SALES AND PROMOTIONS
Specify how specifically you are going to sell and/or promote your business. Are you going to be a traditional shop or offer and promote over the internet? Don’t fret about financials of either today. In this procedure we are trying to define your business’s purpose and who your consumers are.
Jot down exactly what makes your product and services unique from all the other similar items out there.
This step will need some study. I advise going to the library and asking a librarian to help you out. In this step you have to specify how big your market is for your product or service and how much your client is willing to spend for it. Based upon this information specify how big your market can grow. If you sell females’s matches that attract the 35 to 45 year old crowd, you can clearly develop your growth and market numbers.
HAVE A CLEAR ROLE FOR YOURSELF
Specify exactly what your role will certainly be in your company. Are you in sales? Advertising? Bookkeeping? Perhaps you are all the above. You need to specify your role.
Will any person be helping you? Do you have to employ added help? If your brand-new business will certainly require aid from others right here is where you will certainly write that down. Specify what you require and what their duties will certainly be.
In this step you have to write down how your clients will certainly pay you and based upon your marketing research under “The Marketplace”, how much your services or product will certainly cost your customer.
JUST HOW MUCH
This likewise requires some study. How much money will you need to get your item based or service based company off the ground? Write down everything it will require to get your product from design, with production and into the customer’s hands. If it is a service, define the cost of getting this service to the customer, the devices you utilize and so on.
HOW ARE YOU FUNDING THIS
Specify where your startup money is originating from. Now that you understand just how much you require, where is it coming from? Pals, family, banks, investors, savings etc.
Specify your success. In order to know whether or not you are succeeding, you need to specify what it suggests to you to be successful. If your objective is to offer a million dollars in suits, compose that down. Perhaps you want to sell 1,000 matches, write that down. Whatever success is to you, then you need put it into the plan.
Jot down your turning points. Every company has a milestone. Whether it is getting your first consumer, making your very first dollar or offering your very first item, these are all sort of milestones. Date each milestone which will certainly hold you responsible to your plan.
Response each area above extensively and you will certainly have the plan you need to be successful. Simply remember to revisit your plan on a day-to-day basis and update it with brand-new information that you discover. This will certainly keep your strategy up to date and present.
When planning a major event, it is a good idea to start a checklist. This ensures you will not forget anything and as each step is completed, there is a sense of accomplishment as that step is check off.
Many venues provide help with event planning, including conference or event planning guides, event planning staff, and other meeting planning services. Many times, these services are included for free when you book your event with that facility.
If you or your staff is doing the majority of the work, here is a guide to help you get started.
What is the purpose of the meeting or event? This will often define the banquet room layout, size of the room, etc. Determine the size of the group, ages of attendees, gender mix, and any special needs.
What are the dates of the event? Are these dates flexible?
Plan the event as far in advance as possible. This helps you procure prime meeting space at the best rates possible.
Develop a budget and determine if sponsors will be necessary.
Develop an outline for each activity or session. These should include the expected attendance, required set-up times, seating arrangements, audiovisual requirements, and starting and ending times.
Determine the catering requirements for each meal, breaks, receptions, and any special events.
Plan recreation activities, team-building sessions, and entertainment trips. Book tickets, if necessary and arrange transportation.
Also arrange air and ground transportation, if necessary.
Develop the timeline for programs, notices, invitations, keynote speakers, event promotion, registration, website design and development, and event material production.
Appoint an administrative team to oversee event registration, create name tags, and welcome packages.
Schedule speakers, if necessary.
Budgeting is something that is done from the beginning and throughout the entire event planning process.
Decide which of the expense will be paid by the event or meeting sponsor and which will be paid by the attendees.
Develop a balance sheet which lists all expenses. Break these down by functional area such as food and beverage, staff time, air and ground transportation, marketing, entertainment and recreation, accommodation, audiovisual, service charges, and taxes and gratuities.
Ensure the budget has a contingency fund built-in for unexpected expenses.
Remember to include funding for insurance and licenses. These include liquor licenses, liability and cancellation insurance.
Compare the proposed budget against budgets for similar events.
Establish a holding account to ensure there are funds available to pay event suppliers.
Get advice from the company’s financial officer or accounting office on which budgeting format to use. This ensures the budget will be compatible with the company’s internal accounting systems.
If expenses exceed the budget, get the approval of the company’s financial officer or another individual with fiscal authority in the company before exceeding the approved budget.
Selecting the City or Area
Decide if there are certain criteria in selecting a city or area.
Pay attention to seasonal hotel occupancy rates, recent changes in demand, and room taxes that may impact expenses. Try and schedule around large festivals or conventions which could limit supply of rooms and/or raise room rates.
Always check on flight frequency and fares to cities under consideration. Most attendees will prefer direct, non-stop flights.
Consider other factors such as security, weather, entertainment, and the social/political climate.
Choosing a Venue
Choose a venue that is convenient to attendees, if possible. For example, one that is close to the airport or a major highway.
Decide which type of hotel would be best for the event. If it is a large event with many different types of sessions, perhaps a convention centre would be best. If it is just a board meeting, then a hotel with a good board room would do well.
How many guest rooms will be required and will they need to be suites, doubles or singles? Do these rooms need to be equipped for business travellers (Wi-Fi, desks, or refrigerators)? Do any of the rooms need to special needs-equipped?
How many and what type of meeting rooms will be needed? What type of audiovisual equipment will be required?
Planning the Meeting
When planning the meeting room setup, there are several designs to choose from. If the meeting will be an active discussion with less than 25 people, a hollow square will work. If the group is more than 25, but less than 40, an E-shape, T-shape, or U-shape configuration is fine.
When planning for meals or smaller sessions, it is generally best to use rounds or ovals. These generally stimulate discussion among smaller groups. A 5-foot round will seat eight people and a 6-foot will seat ten.
Theatre seating is used for lectures and large sessions.
Classroom seating is used for large or medium lectures, but does require a large room. This used with tables, so notes can be taken.
When planning an event, this guide can help you get started. Use this as a checklist to ensure the most important steps get done as you plan the event and you will be off to a good start.