London Twins Competition

Written By All Video Subscribers on Saturday, July 3, 2010 | 11:05 AM

London Twins Competition

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10 Basic Tips on Running a Business From Home

10 Basic Tips on Running a Business From Home

If you are thinking of running a business from home, there are a few basic tips you should know. This essential knowledge holds the key to whether you will be successful in your venture or not. Lets start by looking at ways to start planning for your business.

1. Wasting precious time in small details

When setting up a new company, do not get bogged down in detail when preparing the ground for setting it up. The important thing is to set up the business in as simple form as possible and keep improving as you go, making adjustment and changes according to the dictates of the moment. As you go on you will find that there is actually not much to accommodate and if you have spent too mush time in your preparation, you will find it only time not well spent. When you are running a business from home this is a very important factor.

2. Partnership woes

Starting a business on a partnership basis is a mistake because the company can break up easily at any time even due to the slightest hitch. A multitude of problems will crop up from time to time which results in disagreements leading to a split.

3. Ask your worth

Entrepreneurs should ask for what they are worth and get it. It is a folly to enter a market and wanting to be cheaper than competitors. Entrepreneurs must find ways to get what they are worth by adding value. Start-ups have a particular advantage on this because since they have not started something they can embark on anything. They have the advantage of studying what works and what doesn't work for their competitors.

4. Payments

Late payments are one of the bugbears of small business owner. Whatever it is, do not forget that you are not a bank and don't behave like one. There is nothing wrong about asking for money before a product or service is provided. Useful method is offering a discount if payment is received up front. Set a dateline for special discounts to be effective.

5. Frugal

Overspending is a vital erroneous practice of many small businesses running a business from home. When buying office furniture, go for the second hand ones. That will save money which can be used to replenish money capital investment and cut down loss should the business fail. Two companies in the same building can share a photo copier.

6. Form filing

Don't use your prime time bogged up in form filing, because that can be done during the times of the day that are not productive. Most of the time concentrate on selling, because that is the business you are in ---- selling and making money and not practicing filing forms.

7. Feedback

Never ignore positive feedback. Helpful feed back is free but they can help remedy your weaknesses. Feedback usually comes from distributors of your products who are in close contact with consumers. They know what makes the customers happy or otherwise with the company's products or services. Use these feedbacks to your advantage by making the necessary adjustments to your operations.

One example of ignoring feedback was made by a new company with great potential to capture the market both locally and abroad. Customers clamored for the company's products but suddenly sales drop a lot. The company received feedback from distributors that the quality of the product has dropped. Instead of listening to the feedback and improving quality, the company's CEO ignored the feedback and boast of the company's million- dollars status that would not get the company out of business. He brushed the feedback as insignificant. What happened told the whole story. The company went out of business and the arrogant CEO is now hunting for a new job.

8. Growing too fast

Growing too big too fast is also not advantageous when you are running a business from home unless you can handle the expansion meticulously. Don't grow into a business empire that will give you a headache.

9. Advertising

To be a successful entrepreneur running a business from home, be careful in your advertising. Identify your customer and advertise accordingly. Never simply spend a lot of money advertising and then pray for the results. Do some research before you go on an advertising campaign. You will hit the bulls eye.

10. Reputation

Finally remember that you never knew who knows who. If you offer a great deal to one customer before long others will know including those that bought the product or service at a higher price. If you are spreading positive news, it is good to let things slip. People like talking about other people. You can take advantage of the mouth-to-mouth gossiping patterns to inform others about the uniqueness and exclusivity of your business operations. If you follow these steps meticulously, you will be a successful entrepreneur running a business from home.

Author: Nancy Swanson

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Fine Examples of Bus Advertisement

Fine Examples of Bus Advertisement

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Mercedes-Benz F800 – Vision of Luxury Car of the Future from Mercedes

Mercedes-Benz  is unending to surprise the wide audience by its super stunning auto concepts. We’ve previously talked about luxury concept car – Mercedes F700 that was annonced in 2007 on Frankfurt Motor Show. Today’s concept car from Mercedes-Benz – F800 Style Concept is even more powerful and perfect prototype of the future car. This luxury car were unveiled at the Geneva Motor Show in 2010. With a hybrid engine with a total power of around 300 kW (409 hp) this 5-seat sedan – is a clear example of what could be a luxury car in the near future. Unsurpassed emotional design, latest technology, traditional for Mercedes-Benz comfort – this luxury concept car once again underlines the leadership of Mercedes-Benz as a manufacturer of the best luxury cars.

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Liz Hurley – Beautiful In Pink Dress

Liz Hurley – Beautiful In Pink Dress

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Kangana Ranaut Beautiful Pictures

Kangana Ranaut Beautiful Pictures

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MSI Wind U135DX Netbook with New Design

MSI Wind U135DX is the new Netbook that appears in the market with an Intel Atom N455 platform Pine Trail and with DDR3 memory. MSI, mount a screen diagonal of 10 inches and resolution 1024 × 600 pixels, the camera frame is a low resolution 0.3 megapixel VGA ie, connectivity is complete thanks to WiFi 802.11n , Bluetooth and Ethernet port.

It is also believed to multimedia with integrated stereo speakers, VGA, 3.5mm audio jack for headphones and microphones and coupons SD reader. The netbook is governed by the operating system Windows 7 Starter Edition, supports proprietary technology TDE (Turbo Drive Engine) to overclock an ad hoc battery of 7.5 hours of battery life. Dimensions of 260 x 180 x 19 – 31.5 mm by 1.2 kilograms, not just for the industry. Available colors silver, black, blue and burgundy.

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How to free yourself from personal loan

How to free yourself from personal loan

Any debt is a trap if not handled diligently. And during these tough times managing your resources expertly can go a long way in living a debt-free life.

It takes more than just a steady stream of income and paying your bills on time to save you from falling into a debt trap. There might also arise some real contingencies when one needs to raise money.

And more often than not many of us consider a personal loan as the best option to meet contingencies. But availing a personal loan without studying its terms and conditions and services could cost you more than what you intended.

Evaluate other options before you take up a personal loan
Before you approach a bank for a personal loan, weigh any other option that you may have to raise the necessary money like monetising your assets, or selling off your shares, bonds or debentures or premature closing of your fixed deposits.

If you are a salaried person, and the above options are not available, then the best way to get funds to meet a contingency is to approach the bank where your salary credit is done. Having known your track record and your exact income and withdrawal transactions, the banks are the best option available for you to secure a loan.

The rate of interest could be relatively lower for you, as you bank with them. The same option holds good for any businessman having a current/savings account with a bank.

But remember, taking a personal loan should be the last resort. A personal loan comes in various packages with varying terms and conditions.

For example, an unsecured personal loan or a signature loan comes loaded with higher rate of interest due to the inherent risk factor involved in it. A single default on your loan payment could not only put you into trouble in paying your current loan but could mar your credit repayment history and subsequently your chances of getting any other loan in the future.

Before going in for a personal loan it is advisable to put in your best efforts to find out the best deals available in the market. Online portals could give you the personal loan details you are looking for. And beware of accepting a flat rate of interest for your personal loan. Superficially it may appear to be the best bet but in many cases and down the road it turns out to be a much expensive proportion.

But if you have already taken a personal loan and thinking of ways to pay off your debt, here are some important tips:

Asset monetisation

If you have one or more of these assets such as car, home, life insurance policies, tax saving certificates, shares, bonds and debentures, or gold jewelry, bank fixed deposits, or mutual funds, you could monetise them to pay off your debt. In fact, some banks offer loan against assets that carry a decent rate of interest which could be used to settle your personal loan.

Consider debt consolidation

Another effective way of dealing with your debts is through what is called debt consolidation. In this method, you could pay a relatively lower installment every month over a longer tenure to the lender who will combine all the components of your debt portfolio into one.

Debt consolidation is an effective option if you have too many loans to take care of and not enough monetary capacity for astute financing as this method will give you a built-in view of your credit worthiness.

Though beware that when you calculate the total loan cost in the long run, it might become expensive. However, the idea is to obtain a short term relief under the current circumstances. Once your finances improve aim to close the loan earlier than planned.

Top up or convert to a secured loan

If you had taken a home loan you can move to a lower cost credit by going for a top up on your current loan. Another viable option would be to talk to your bank and if they agree convert the current loan into a secured loan against your vehicles, house, but only if the property is free form debts, liens or mortgages. This way you can restructure the loan for a lower monthly payment after taking into consideration the loan tenure and the interest rate.

Perhaps, the only drawback in converting a personal loan into other loans having collateral is that you stand to lose the collateral at risk in case of default on your loan amount, which could mean a lot when there is a contingency in the future.

Hence, it is advisable to convert your current debt into a secured loan only after analysing your capacity to repay the secured loan so that you don't stand to lose the collateral at risk.

As said, even a single default on your personal loan could trigger unexpected after-effects in the repayment of your current loan and getting a future loan.

In cases of the first default, it is ideal for you to talk to your lender and find a way out. Under normal circumstances the lender could impose a penalty of roughly around 2 per cent on the default amount, which will only add to your current burden. So strive to discuss any problems you face with the lender to seek advise on possible solutions.

Remember, a personal loan is always a risky alternative finance with a higher rate of interest and it is better to close the loan as early as possible.
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Chair Made With 3,726 Screws

Chair Made With 3,726 Screws

A amazingly comfortable chair constructed from scraps of douglas fir and 3,726 drywall screws

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