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Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Friday, December 30, 2016

Business



The Characteristic of Career and Commerce




It has diverse characteristics that are categorized. The author aims to understand the nature of business from the point of view that identifies the characteristics of a career and commerce.  The characteristics of a career are with opportunities for progress. It is an increase of opportunities to social, and economic standards. The careerist is with professional advancement and thrive on prospering in a way that identifies with vehement flourish and developing vigorously. The amelioration of occupational opportunities will increase social and economic standards. Similarly, to these holds truth, investing in developing countries to build jobs and prosperity depends heavily on education (DFID). Therefore, a career can achieve social and economic standards with are given occupational opportunities. On the other hand, a careerist has both advantages and disadvantage. The advantage for a careerist belongs to a group of three, according to Lyubimov, N. (2016), the emotionality of three is not as noticeable as the emotionality of twos, but three look very rational and practical because they belong to the Triad of Emotion becomes clear when we see how easily they can scan and understand the emotions of other people; in addition, three confidently plan both their life and career, and communicate with people with differing social or professional statuses; however, the careers with the emotionality two, relating to the emotionality of three is not as noticeable as the emotionality of twos (Lyubimov, N., 2016) to read more visit http://www.orionsoltraining.com/single-post/2016/03/21/Personality-Type-THREE-Achiever-Executor-Careerist. Then, commerce is the social relationship between people in exchanging of information. Commonly, it relates to the careerist especially mentioned in the emotionality of three, but in this case, it involves a group of people organized. Therefore, the commerce is considered the cooperative link between people within and organization and/or an organization linking other organizations and/or partners linking with other partners of two. In commerce, two is a powerful relationship that can also be diverse matter that build relationship between two and three, the two of a partnership and the three of group, the purpose of the commerce is based on experience and express emotions through building social relationships. According to http://lexicon.ft.com/Term?term=social-relationship-management, social relationship management is about keeping track of any mention of a company, its products, brands, or services and allows the company to manage its presence on the web with the record of a trace of ability, a consistent set of criteria and human intervention. Yet, the commerce also was considered as a branch of metaphysics, involving with the nature and relations of that identify the characteristics of the nature beings, having the quality of existence. According to https://www.w3.org/2001/sw/Europe/events/foaf-galway/papers/fp/descriptions_of_social_relations/, ontological representations of social networks such as FOAF would need to be extended with a framework for modelling and characterizing social relationships for two principle reasons, for example, (1) to support the automated integration of social information on a semantical basis and (2) to capture established concepts in Social Network Analysis, which provides the most significant toolkit for processing social networks with the purpose of understanding social structure and its effects; in addition, Social ontology for online communities and social networks, and the purpose of networking sites is to let users organize their network connections (by creating profiles and linking to profiles of others), discovering new possible ties in the process and recovering connections to old-time friends or other relations, but the functionality imitates the local search process of real social networks (by letting users browse the friendship network) and relies on the high clustering of social networks (the friends of our friends are likely to be friends as well), for example, popular networking sites such as Friendster or Orkut (and the professionally oriented Link In) are mostly closed systems that take a centralized approach in storing network data, while FOAF uses Semantic Web technology for interoperability and promotes a decentralized approach.



How to create a Business Plan?

Business Plan


Executive Summary
·         Outline of the company's purpose and goals (http://articles.bplans.com/writing-an-executive-summary, and https://www.entrepreneur.com/article/241071)
·         The Mission Statement (http://articles.bplans.com/write-company-overview, and https://www.entrepreneur.com/article/25752)
·         Corporate Social Responsibility (CSR) (http://www.inc.com/peter-economy/a-social-responsibility-action-plan-for-2014.html, and http://www.forbes.com/sites/csr/2011/04/26/the-five-elements-of-the-best-csr-programs/#119fd45233fd, http://www.hbs.edu/faculty/Publication%20Files/12-088.pdf )
·         Company Information (http://www.inc.com/articles/1999/11/15563.html)
·         Growth Highlights (http://www.inc.com/guides/business-plan-financial-section.html)
·         Your Products/Services (http://www.inc.com/jeff-haden/how-to-write-a-great-business-plan-products-and-services.html, and https://www.entrepreneur.com/article/241073)
·         Financial Information (https://www.entrepreneur.com/article/241077, and http://www.inc.com/guides/business-plan-financial-section.html)
·       Summarize future plan (http://www.infoentrepreneurs.org/en/guides/prepare-a-business-plan-for-growth)
Company Description
·        Characteristic of the organization
·        Geographic
·        Demographic
·        Benefits of the Products or Services
·        Disadvantage of Products or Services
·        Life Cycle of Products or Services
·        List of Potential Customers
·        Competitive Advantages
Market and Competitive Analysis
·        Life Cycle of Products or Services
·        Size of the Company
·        Historic Growth Rate
·        Characteristics of the life cycle stage, and projected growth rate.
·        Major Customer within the Industry
·        Target Market
·        critical needs
·        Size of the primary target market 
·        Forecast
·        Geographic percentage and number of customers 
·        Market Logics
·        Pricing and gross margin targets 
·         Market share
·         Strengths and weaknesses
·         How important is your target market to your competitors?
·         Are there any barriers that may hinder you as you enter the market?
·         What is your window of opportunity to enter the market?
  • Are there any indirect or secondary competitors who may impact your success?
  • Barriers (change technology, high investment cost, lack of quality personnel)
·         Regulatory Restrictions –  Include any customer or governmental regulatory requirements affecting your business, and how you’ll comply. Also, cite any operational or cost impact the compliance process will have on your business
Organization & Management
·         Organizational chart
·         Business Entity (sole proprietor, partnership, C or S Corporation, LLC,)
·         Names of owners
  • Percentage ownership
  • Extent of involvement with the company
  • Outstanding equity equivalents (i.e., options, warrants, convertible debt)
  • Common stock (i.e., authorized or issued)
  • Management Profiles
  • Experts agree that one of the strongest factors for success in any growth company is the ability and track record of its owner/management team, so let your reader know about the key people in your company and their backgrounds. Provide resumes that include the following information:
  • Name
  • Position (include brief position description along with primary duties)
  • Primary responsibilities and authority
  • Education
  • Unique experience and skills
  • Prior employment
  • Special skills
  • Past track record
  • Industry recognition
  • Community involvement
  • Number of years with company
  • Compensation basis and levels
  • Management Achievement (How many people do you manage in a department, Percent to which customers are increased, annually percentage of revenue within six months)
Board of Directors' Qualifications
·         Unpaid Advisory Board
·         Owners
·         Managers
·         Board of Directors
·         Names
  • Positions on the board
  • Extent of involvement with company
  • Background
  • Historical and future contribution to the company's success
Service or Product Line
·         Products or Services (description)
·         Competitive Advantages
·         Life Cycle of Products or Service (detailed description)
·         Life Cycle Influences
Intellectual Property
·         Copyright or Patent filings (classified as trade secrets)
Research and Development (R&D) Activities
·         R&D activities
·         Future R&D  
·         R&D Analysis
Marketing & Sales
·         Marketing strategy 
·         Market penetration
·         Internal strategy
·         Human resources
·         Acquisition strategy
·         Franchise strategy
·         Horizontal strategy
·         Vertical strategy
·         Channel of Distribution Strategy (Distribution Channels)
·         Communication Strategy (reaching customers, promotions, advertising, public relations, personal selling, brochures, catalogs and flyers, USP, Federal Express)
·         Sale Force Strategy (internal or independent representatives, number of salespeople, type of training and development for salespeople, employee pay rate)
·         Sale Activities
·         Potential Buyers (Leads to Buy First)
·         Call Strategy (number of sales call a day and the average dollar size per sale, and the average dollar size per vendor)
Funding Request
·         Funding requirement
·         Future Funding requirement (5 years)
·         How will you use the funds? (Capital Expenditures, Working Capital, Debt Retirement, or Acquisition)
·         Request Funding Amount
Financial Projections
·         Financial Projections section (allocate resources efficiently)
Historical Financial Data
·         Supply historical data (approximately 3 to 5 years)
·         Historical financial data (income statements, balance sheets, and cash flow statements for each year you have been in business (usually for up to three to five years).
Prospective Financial Data

·         Company’ Expectation (Company strategy plan for the next 5 years (quarterly), and forecasted income statements, balance sheets, cash flow statements, and capital expenditure budgets.