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Monday, May 22, 2017

Business plans

Business plans may also target changes in perception and branding by the customer, client, taxpayer, or larger community. When the existing business is to assume a major change or when planning a new venture, a 3 to 5 year business plan is required, since investors will look for their annual return in that timeframe.
The business goals may be defined both for non-profit or for-profit organizations. For-profit business plans typically focus on financial goals, such as profit or creation of wealth. Non-profit, as well as government agency business plans tend to focus on the "organizational mission" which is the basis for their governmental status or their non-profit, tax-exempt status, respectively—although non-profits may also focus on optimizing revenue.
The primary difference between profit and non-profit organizations is that "for-profit" organizations look to maximize wealth versus non-profit organizations, which look to provide a greater good to society. In non-profit organizations, creative tensions may develop in the effort to balance mission with "margin" (or revenue).
business plan is a formal statement of a set of business goals, the reasons they are believed attainable, and the plan for reaching those goals.
 It may also contain background information about the organization or team attempting to reach those goals.
Business plans may be internally or externally focused. 

Externally focused plans target goals that are important to externalstakeholders, particularly financial stakeholders. They typically have detailed information about the organization or team attempting to reach the goals. With for-profit entities, external stakeholders include investors and customers.

 External stake-holders of non-profits include donors and the clients of the non-profit's services. For government agencies, external stakeholders include tax-payers, higher-level government agencies, and international lending bodies such as the International Monetary Fund, the World Bank, various economic agencies of the United Nations, and development banks.

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Business eToro

Business EToro:http://etoro.tw/16Jy37dSetting up your CSL will help you avoid losing all of your invested funds on this trader. You can set it anywhere between 5% and 95% (the default being 40%) and when your copy equity is down by this predetermined value, the CSL is triggered and you uncopy automatically.My personal invitation link anywhere http://etoro.tw/16Jy37d

Welcome to what is the last CopyTalk Monday of 2014! 

We've come a long way this year, from the highly sought-after Pause Copy, to the Copy Stop Loss that helps you limit potential losses! 

Join us today as I walk you through it all!
Questions welcome at...


Small businesses

Here are 7 things that a successful businessperson never does.Read about this and other updates in this week's Small Business News and Information Roundup.Small businesses typically have a website these days but one of the most important aspects of it -- SEO -- is a bit tricky for the busy entrepreneur.
They know what their company is good at and carefully choose the problems they solve for their customers that will show the most value.They don't feed the neurosis of complainers who always want to say that the sky is always failing.Successful people know that multitasking only gets more things done poorly.
Successful people know that small business is truly a team sport.They never bet the company all on one action.It costs too much to achieve and there is that constant nagging feeling of failure.Successful people don't let the future get shaped by what happened in the past.

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Auto Loans Part I

For new and used auto pricing and information, visit NADA.com .
Only you can decide which works best for you.
Get a great rate with low or no down payment and an extra discount when you have your payment automatically drafted from a Benchmark account.
But we can tell you this: Benchmark will explain all your options and work with you to come up with a rate and terms to fit your budget.


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Credit Card - Cash vs. Credit Cards

You will spend more if you use credit cards. Even by paying the bills on time, you are not beating the system! But most families don't pay on time. The average family today carries $8,000 in credit card debt according to the American Bankers' Association.
Now let's talk about the rebates. If you were using a credit card at 5%, you would have had to have spent $80,000 to get $4,000 rebates on new cars that lost $6,000 of value when you drove them off the lot. That is not a good deal!

When you pay cash, you can "feel" the money leaving you. This is not true with credit cards. Flipping a credit card up on a counter registers nothing emotionally. A study of credit card use at McDonald’s found that people spent 47% more when using credit instead of cash. This is money you could have saved!
If you "have to" use plastic, I suggest a debit card. I use them for travel and the occasional convenience of ordering something over the Internet or phone. Other than that, I use cash.
Personal finance is 80% behavior. You need to cut out habits that make you spend more. You do not build wealth with credit cards. Use common sense. When you play with a multi-billion dollar industry and you think you're going to win at their game, you are naive. You cannot beat the credit card companies.

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How to calculate finance charges ?

The first thing to understand is that there are two basic parts to a loan. The first issue is called the principal. This is the amount of money that is borrowed.

 The lender wants to make a profit for his services (lending you the money) and this is called interest. There are many types of interest from simple to variable.

 This article will examine simple interest calculations.

In simple interest deals, the amount of the interest (expressed as a percentage) does not change over the life of the loan. This is often called flat rate or fixed interest.

The simple interest formula is as follows:

Interest = Principal × Rate × Time

Interest is the total amount of interest paid.

Principal is the amount lent or borrowed.

Rate is the percentage of the principal charged as interest each year.

To do your math, the rate must be expressed as a decimal, so percentages must be divided by 100. For example, if the rate is 18%, then use 18/100 or 0.18 in the formula.

Time is the time in years of the loan.

The simple interest formula is often abbreviated:

I = P R T

Simple interest math problems can be used for borrowing or for lending. The same formulas are used in both cases.

When money is borrowed, the total amount to be paid back equals the principal borrowed plus the interest charge:

Total repayments = principal + interest

Usually the money is paid back in regular installments, either monthly or weekly. To calculate the regular payment amount, you divide the total amount to be repaid by the number of months (or weeks) of the loan.

To convert the loan period, 'T', from years to months, you multiply it by 12. To convert 'T' to weeks, you multiply by 52, since there are 52 weeks in a year.

Here is an example problem to illustrate how this works.


A single mother purchases a used car by obtaining a simple interest loan. The car costs $1500, and the interest rate that she is being charged on the loan is 12%. 

The car loan is to be paid back in weekly installments over a period of 2 years. 

Here is how you answer these questions:

1. What is the amount of interest paid over the 2 years?

2. What is the total amount to be paid back?

3. What is the weekly payment amount?

You were given: principal: 'P' = $1500, interest rate: 'R' = 12% = 0.12, repayment time: 'T' = 2 years.

Step 1: Find the amount of interest paid.

Interest: 'I' = PRT

= 1500 × 0.12 × 2

= $360

Step 2: Find the total amount to be paid back.

Total repayments = principal + interest

= $1500 + $360

= $1860

Step 3: Calculate the weekly payment amount.

Weekly payment amount = total repayments divided by loan period, T, in weeks. In this case, $1860 divided by 104 weeks equals $17.88 per week.

Calculating simple finance charges is easy once you have done some practice with the formulas.


How to calculate finance charges ?,alculating simple finance charges is easy,Simple interest math problems can be used