No matter how big or small your business, there are things that an owner should do to make his business grow. At one time or another, every business owner has stayed awake at night and said, "What do I do now." For some reason, things aren't going as well as you think that they should. We can look at recent events in GM - one of the biggest businesses in the world on the verge of bankruptcy. Kmart and Sears merged; many of the airlines have gone bankrupt. Enron was the largest company ever to file bankruptcy.So the question is: "How do I make my business grow?"In my previous articles I told you "How to open a business" and "How to find wholesale sources." But that's not the end of the story.A few days ago, I was looking at some information that was quoted from The Kauffman Foundation by Michael Sexton of www.trumpuniversity.com that stated "550,000 Americans start new businesses every month." Later in the same article, he said that according to the U.S. Small Business Administration "At least two-thirds of new businesses fail within the first four years."This brings me back to the same question: "How do I make my business grow?"Sometimes forces work against the business owner that the business owner cannot control. Again, recent events have impacted many people and in turn, businesses are impacted. For instance, the rising gasoline price is causing many problems around this country. The average person that travels 30 miles each way to work is spending $90 more for gas per month than this time last year. That $90 has to come from somewhere and we can see that it is beginning to affect everything from housing sales to the price of sugar at the store.I know someone that owned a dollar store - where everything is a dollar. For a year and a half, sales were fine, the number of customers was increasing slightly each month and the owner thought about opening a second store and had already purchased shelving and was looking for a second location. But then it happened. The gas price started increasing and Tennessee began a lottery. Within a two-month period, sales halved in his store and for the next six months, sales continued to drop and after about three more months he was forced to close - after such a promising future.One of my favorite quotes comes from Vince Lombardi who seems to me as the ultimate motivator. "It's not whether you get knocked down, it's whether you get up." Everyone gets knocked down in life, but sometimes it takes a very strong person to get back up and try again and again.When you are trying to come up with ideas to help you grow your business, try to think like a customer would.Walk outside and look around. Would you want to shop in this store? Is it pleasing to look at? Does it look inviting? Is the parking lot clean? What is the first thing you notice as you pull up to the store? Is the sign lit or is one of the letters out? Does it look like the owner and employees take pride in the store?Now, walk inside. What do you see? Is it well lit? Are the aisles clear of clutter? I know that shelves have to be stocked, but is there a better way than piling lots of boxes down the aisle where people can't get through to shop. Instead of bringing a lot of boxes out at once, perhaps just a few at a time. Is the clerk friendly? Are the sales people happy? I personally left a mattress store because the salesman was on the phone and did not acknowledge me or even say "I'll be with you in a minute." When I left after about fifteen minutes, I went to another store and spent $900. This illustration is to show you that how your employees relate to customers can help or hurt your business. We've all been there where you think that you are an inconvenience to the employee.This is only a start to help you to "Make your business grow."In my next article, I will delve into more ways to "make your business grow." And remember for all of your "wholesale sources" needs, check out wholesalemap.com and visit my blog at wholesalemap blog for more business information.
Consumers in the UK are demanding the highest standards and lowest costs for everything, and sometimes in economics quality is reduced to meet the customer demands but could this be happening in the teeth whitening industry?As more and more specialists come in to any business normally prices are slashed to ensure competitiveness but could this be at the detriment of customer service and satisfaction and this is what is required to ensure the industry maintains customer confidence.Customers are very fickle and why not? As there is no shortage of suppliers and this creates the fun as businesses fight for business.In the past few years the rise of the laser "teeth whitening" industry has been dramatic but many ask whether the results are fact or fiction.Along with many other forms of beauty treatments and ways to improve your wellbeing and generally make yourself feel better laser teeth treatment is now a popular treatment for many who strive for personal improvement and a whiter smile.Teeth whitening is now something that many people are having done and is also very popular as people desire their teeth to look like the celebrities and A-list stars like Britney and Simon Cowell who want to look their best but in most cases the stars will have veneersIt won't improve your health; it's simply a cosmetic job which lightens the stains on your teeth. So why have your teeth gone stained and yellow? It's most likely to be due to smoking, drinking coffee, Red wine, tea and cola. Your teeth have pores on the enamel which hold onto these stains and normal every-day brushing isn't enough to remove the staining and give them the bright white look.Discoloration can also occur with age. Stains can appear over time from the inside because of excess fluoride and possibly medication. Tooth whitening will deal with the stains which lie on the outside of your teeth and it needs to be done on a regular basis.Just look at any movie star. If their teeth are as brilliant as diamonds, chances are that they are taking advantage of one of the two laser teeth whitening systems currently available. When you choose to visit your laser teeth whitening specialist then the chances are they will check your teeth for suitability before commencing work to ensure optimum results.Many famous people like the movie stars will pay a premium for veneers as this gives the white bright smile that lasts without having to change your daily habits that created the stains in the first place. These include nicotine, caffeine, tea, red wine and gravy.Whatever your view on teeth whitening the hope in the industry is there is a regulatory body that manages the expectations and standards so customers get the very best of both worlds.
Choosing your words and how you say them will have an impact on:how others perceive you as a leader of changehow persuasive and convincing your coaching ishow much your team understands what youre trying to achieveClear communications will make the grade, ambiguous pronouncements will not. One leadership coach admitted that despite majoring in communications in university, her words alienated her from others and were not delivering the intended message.Having the right credentials in change management but lacking the skills to engage others in meaningful dialog carries with it a risk of failure. To be effective means that team leaders must find the disconnect and fix it. Good change management relies on good communication skills. And good communication skills must be accompanied by an unshakeable sense of ethics. Because organizational change is crucial, were more concerned with ethics because it is often lacking in the very same people people who are leading others towards change.Ethics and Cultural DiversityWhen we think of ethics in communications, our primary concern is a sensitivity to cultural diversity.Much attention has been given to the role that effective communication plays in persuading, convincing, and winning people over. The media have clued us into what some advertising experts call power words or high impact words. But little attention is given to the recipients of our communications. The United States is a massive cultural mosaic. It is no longer predominantly white or Anglo Saxon. Today, we see the country as clusters of Black Africans, Hispanics and Asian Americans. Have you ever worked in a company where everyone was white? We doubt it.When you listen to team leaders speak, do you think theyre aware that their audience is culturally diverse, or do they assume that everyone in the team are wired the same way, raised in the same values and mores of American society?John and Catherine Kikoski wrote Reflexive Communication in the Culturally Diverse Workplace (Praeger Publishers, 1999) wherein they highlighted the findings of Workforce 2000 about the changing demographic trends of white America. The Kikoskis said that very few Americans understand these demographic changes. When a Fortune company CEO attended one of their seminars, he said he was grateful for the knowledge the Kikoskis shared because it will guide him in his human resource strategy and will help his company prepare for a multicultural workforce.What did this Fortune company CEO learn exactly? That managers must consider the law of thirds when it comes to the labor force: 1/3 white male, 1/3 white female and 1/3 minority (African Americans, Hispanics and Asians). What does this law of thirds tell us? One, it tells us that by taking the law of thirds as an essential component of our implementation strategies, we need to face certain demographic realities. Two, it tells us that while there is great temptation to stereotype, it has no place in corporate or government life. Three, it tells us that before we speak to a mixed audience, we must think twice even thrice about what we say. And four, it tells us that more than anything, a heightened sensitivity to cultural values takes precedence over the changes were planning.Thats a Cheap Shot!Its appalling how careless communicating can undermine even the best of intentions.For example, we have heard speakers blurt out comments like:Okay, for those of you whose mother tongue is not English, dont be shy about raising your hand to indicate that you didnt understand a word Note: a good speaker must assume that not everyone in the group was born and raised in English so it is up to him to make sure that everyone understands what hes saying.When I was in China on a business trip, I noticed that the Chinese dont speak up. For the Chinese people present in this meeting, please do open your mouths, okay? I dont read minds.Note: it is true that the Chinese will never criticize or openly express an opinion, but this need not be turned into a mockery.In my last change management session, I found some Russian team members rather argumentative. I dont know if it was the vodkabut I hope I wont experience the same thing here.Note: the speaker was probably trying to be funny and to put everyone at ease, but to actually link Russians with vodka and a tendency to be argumentative reflects a weak sense of ethics.Want change to happen smoothly? Communicate sensibly and sensitively!
Introduction - Even before the inventor starts pouring his heart and money into his invention or idea, it is extremely crucial to have an independent evaluator to examine and evaluate it. Why? Because Professional Marketability Evaluation Service will help you answer the following questions pertaining to invention or idea Can my Invention (or idea) be profitable (or successful) in the current marketplace? Is it possible to produce final product based on the invention / idea using existing technology? Benefits of the Marketability Evaluation Service First of all, one needs to separate a Professional Marketability Evaluation Service from the numerous invention promotional companies that you may find in TV ads. For example, Innovation Institute (formerly Wal-Mart Innovation Network) provides professional and objective analysis of the risk and commercial potential of an invention. Professional Evaluation Service Company exists not to sugar-coat your invention and sell it back to you as the best invention of the decade. Marketability Evaluators will take independent look at your invention and provide you with the following reports - Product Success Report using latest trends that exist in a particular market sector - Researching and Reporting laws (both local and Federal) that may have an impact on an idea - Competition Distribution Report, noting any potential roadblocks and obstacles - Analyze the "neediness" of an invention; factoring the "neediness" factor into estimating the potential marker size for the final product In addition, Professional Marketability Consultant will get in touch with potential manufactures of your product. Very often consultant will provide you with the cost analysis and give you the breakdown of what it would take to produce your product with the few, selected manufactures. The final Manufacturing report will have phone numbers of key personnel that the inventor could call in case he is ready to start producing his product. Addition Benefits of the Marketability Evaluation Service Banks and financial institutions are more likely to grand financial aid to an inventor who obtained positive Marketability evaluation from the reputable service company because it has a higher chance to succeed. In addition, if Marketability Evaluation Service Consultants found your invention non-commercial or very costly to produce, then you should take their advice seriously. Stop pouring money into patenting your invention and carefully consider the report. In most likelihood, your invention is indeed too non-commercial or too expensive to produce with the existing technology. Summary According to the Wisconsin Innovation Service Center, the cost of introducing new products into the market had skyrocketed in the last decade. In addition, a large percentage of new inventions are not successful despite a huge effort (lost time and money) on the part of the inventor. Upon carefully examining above mentioned facts, one Should realize that the Marketability Evaluation Service Consultants are great resources to the inventor and help identify, in the very rudimentary stages of product development, Whether the product has any potential to be profitable and help identifying particular market sectors where your invention will succeed!If you are interesting in reading more, please visit IdeaJets websitethat is dedicated in bringing quality information to the inventors all over the globe!Robert P. StewartIdeaJets IdeaJets Support
IntroductionThe Secured Loans market is often referred to as 'Unregulated', but what does this mean? This article will attempt to answer this question by looking at the both official and non-official governing bodies that have an affect Secured Loans. It will also briefly discuss the various Parliamentary Acts that incorporate legislation affecting the Secured Loans or Second Charges market. The target readership for the article is either those involved in the Finance Industry, specifically secured loans, or members of the public with a general interest in Consumer Credit legislation which may affect them.The Office of Fair Trading (OFT)The Office of Fair Trading, or O.F.T as it is more commonly referred to, is responsible for a number of key areas with the ultimate aim of protecting the consumer. It has three main purposes. These are the enforcement of Competition and Consumer Protection rules, the analysis of markets to make sure they are working and communication to consumers, businesses and the government. In terms of Secured Loans there are a number of areas the O.F.T deals with that affect the way that operators in the market promote themselves. The first of these is by administering Consumer Credit Licenses. With the rapid growth in people taking out credit in the early 1970s an act of parliament was passed in 1974 called the Consumer Credit Act and it is under this at that Consumer Credit Licences are granted. If an entity advertises promotes or brokers Secured Loans it must have a Category C Consumer Credit License. On application the O.F.T will investigate all people connected to the business applying to ensure that they are all people worthy of issuing or guiding people to enter into credit. There is a general misconception in the market that the Consumer Credit License is only required if the Secured Loans Company offers loans less than 25,000, but the Act clearly states that a Category C license is required for businesses that provide credit of ANY amount secured on land.Other areas the O.F.T deal with that affects "secured loans" are there enforcement of other elements of the 1974 Act and also the updates to the Act which occurred in 2004 - these are the 'Agreements Amendment', 'Disclosure of Information' and 'Early Settlement' Consumer Credit Acts. For secured loans these act govern a number of things. The first of which is the way that organisations can advertise secured loans. The Acts have rules governing what can and cannot be said in an advertisement and also have stipulation over certain words that have to appear in the advertisement. For example the words "YOUR HOME MAY BE REPOSSESED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT" probably have to appear on most Secured Loans advertisements. The Acts also stipulate that the Annual Percentage Rate (APR) must appear on Credit advertising and also given rules give its calculation (commonly known as the TTC calculation or total charge for credit).There is a growing momentum in the Mortgage and Secured loans industry that at some time secured loans will be regulated by the F.S.A. With the already increased workload of the F.S.A it is more likely that an 'official' recommendation for their regulation by the F.S.A is more likely to come from the O.F.TFinancial Services Authority (FSA)The Financial Services Authority, or F.S.A as it is more commonly know, is responsible for enforcing the rules of the Financial Services and Markets Act (FSMA) 2000. Contrary to popular belief it is actually a non-government independent body and is financed solely from the income it receives from the very organisations it legislates. Although it is accountable to Treasury Ministers it is operationally independent. In terms of legislation affecting Secured Loans the F.S.A regulates activities in relation to payment protection insurance (P.P.I). So if a business helps customers buy or claim on payment protection insurance it is highly likely it will need to apply to the F.S.A to be regulated. In the Secured Loans market whether you need to be legislated by the F.S.A largely depends on your involvement in P.P.I. If an organisation simply acts as an introducer it is quite likely it does not need to be regulated, however it is always advisable to seek legal advice.At the time of writing the FSA is very active in the area of P.P.I. It is presently looking into what happens to Insurance premiums when someone either settles a loan early or want to cancel only the P.P.I element of a secured loan. At the moment most insurance providers have a 'no refund' clause for both cases.Another area the F.S.A deals in that may affect Secured Loans providers is their regulation of Mortgages. The FSMA states that if an authorised lender gets second charge loans business from an unauthorised lender then their advertisements must be approved by the F.S.A approved firm.Finance Industry Standards Institute (FISA)The Finance Industry Standards Institute (FISA) is a self-governing body set up independently by the industry to govern itself in the Secured Loans market. An annual subscription fee from its members funds FISA. It publishes a Code of Conduct for its Members that cover the standards it requires in advertisements. In essence these are guidelines that give the requirements of the O.F.T specifically for the Secured Loans sector. FISA also publishes a disciplinary procedure and warns in its documentation that it will enforce legislation on non-members, in the first instance by contacting the offending organisation and in the second instance by informing the relevant regulatory body. FISA also conducts training courses every month or so. These cover the legislative requirements of being involved in the Second Charge sector. In the future the organisation plans to have three levels of 'qualification', these will be Foundation, Associate and Member, but it is waiting on developments in the O.F.T and F.S.A before it does this. One supposes whether this happens will also be influenced by the level of regulation that those two bodies impose on the Secured Loans sector.Information Commissioners Office (ICO)The Information Commissioners Office (ICO) enforces the requirements of the Data Protection Act (1998). Given that all businesses in the secured loans sector will at some time hold information about individuals they must be registered as a Data Controller with the ICO. In summary, the Data Protection Act ensures that all data kept on an individual (including employees) is accurate, fairly and lawfully processed, adequate relevant and not excessive, used for limited purposes, not sent overseas and is kept securely.Other Regulatory Bodies and Secured LoansAlthough the following organisations do not have a direct power or control over the secured loans market it is worthwhile mentioning them, not only for reasons of clarity, but also, as it is possible there will be changes in legislation, these organisations may later have more influence over the secured loans sector. The Consumer Credit Trade Association (CCTA) is another independent body, but differs from FISA in that it deals with the whole Consumer Credit market. It also offers training courses, publishes regular newsletters and actively lobbies the Government about consumer credit related issues. In a world where we assume taking out credit is a relatively new phenomenon it is useful to note that the CCTA was founded well over a hundred years ago in 1891.The Intermediary Mortgage Lenders Association (IMLA) is an independent body that represents the views and interests of institutions in the generation of mortgage business through Intermediaries.The Council of Mortgage Lenders (CML) is yet another self-governed body operating in the Mortgage Industry. In a similar fashion to the CCTA it is also involved with government with legislative issues, issues policy guidelines. It is also renowned for produces statistics about the UK lending market covering, amongst other things, arrears and repossessions, the number of mortgages being taken out and specifics like the number of buy to let mortgages being taken out.To finish this section, there is one more independent organisation called the Association of Mortgage Intermediaries (AMI) who acts as the trade body for mortgage intermediaries.ConclusionAlthough the Secured Loans sector is commonly referred to as 'unregulated' this document has hopefully shown there is still a lot of regulation (both official and un-official) that affects and encompasses the secured loans sector. In the finance area where the UK has a reputation for being the most regulated in Europe it is only a matter of time before secured loans industry come under the umbrella of the FSA. It is believed that instruction for the FSA to take control of the "secured loans industry" market is more likely to come from the treasury rather than the FSA itself. What is certain is that the secured loans industry market will become more legislated in the coming years. One thing to note if you are going to business in the Mortgage or Secured Loans market that subscription to these organisations can add up to many thousands of pounds per year.For more information about the Secured Loans industry and the contents of this article please visit The Company Blog