Monthly Archives: January 2018

Ways to Become A Successful Entrepreneur

Ways to Become A Successful Entrepreneur

Managing once business is not easy, you have to be creative and flexible to become success. Its about create ones life as it is about making a living. It takes time, courage and determination to become a successful entrepreneur. There are a lot of ways to become one of the successful entrepreneur, these ways are proven to some people who achieve their goal. Check if you possess one of them:

Discipline yourself. Adam smith once said, Do what you should do, when you should do it, whether you like it or not. Self discipline is the most important traits to success. You have to be strong in every step that you and this will lead you into some kind of satisfaction.

Have Faith. If you do it very easy, then youre not doing it right. If you do it hard, then you are doing right. Some entrepreneurs suffered failure and defeats, even bankruptcy, yet eagerly stand up to make it big in their fields. If you have faith, nothing can stop you. You must learn to pick yourself up to start all over again. You have to learn some experience that can teach you a lesson which wakes you up from a suffering.

Work Hard. As many success people do, they actually work harder and harder. No one achieves goal just by simply waiting for a chance and sitting in the chair thinking every single day. Working hard will be easy if you have a mission and vision in your life. Erase all temptations that could distract you determination to become success.

Focus on your strength. Each of us has strengths and weaknesses. To be more effective, you have to know your strength and concentrate on it. You will become more successful if you are able to connect your efforts to areas that you do best.

Eagerness to learn. You dont have to be a degree holder or a PhD graduate to succeed in your own business. In fact, there are a lot of entrepreneurs are degree holders. Some didnt finish college. These people reached their full potential achieved their financial and personal goals in business because they are willing to learn. To be successful, you must be willing to ask questions, this will help you to gain more knowledge to some experts. You must be interested to every detail, because that would serve as the new knowledge to reach and fulfill your goal. Willingness to learn is one of the most important in doing business.

Economic Benefits Of Knitting Fair Trade Items

Economic Benefits Of Knitting Fair Trade Items

There are many ways for people to earn some extra money. In these rough economic times, many families are trying to get creative with ways to earn extra money. This can be particularly of interest to stay at home moms. They might be at home, but that does not mean that they cannot contribute to the family budget. If these moms are willing to learn how to knit, they could sell knitted fair trade items. One can be part of this movement oneself, and it does not necessarily mean on a big scale.

There are many online resources to help people learn how to knit, and knitted items are fun to make and can be simple to sell. It is important, however, to ensure a few things about the items to be sold. The first thing is that they must be very high quality. The type of yarn used can make a big difference. It is important to do research and see what types of yarn work best for different projects. One types of yarn might work really well for making a felted purse, but it might not work very well for making a hat. It is important to experiment and see what types of yarn work the best.

Another important part of quality is the quality of the stitching. An item might be sold online that is not the highest quality, but it looks good. However, customers will not return to buy more products and they will not recommend products if they are not high quality. If the stitching is done well and the details are attended to, then the items will not only sell well, but people will continue to buy them. It is also important to be creative.

Creativity is what will set someone apart from the competition. There are many competent people who sell knitted fair trade items. There are people who sell scarves and hats and bags. Adding some creativity to what is made will set apart one persons stitching from another. This will ensure that they will always have customers because people will turn to them for new ideas and innovations.

When knitting fair trade items, remember one must also take great care in discovering where your materials initially came from, and that they too were manufactured in a fair trade manner.

Knitting is just one option that can help people to earn some extra money. It is a very fun way to do so! Knitting can be very relaxing and it can be down while watching T.V. or while talking with someone. It is an easy thing to add into any lifestyle. Earning extra money can help a family to be less stressed about money. It might not be a lot at first, but every little bit makes a difference!

Offshore Corporation And Offshore Merchant Account.

Offshore Corporation And Offshore Merchant Account.

Having a credit card with you helps you be at ease. With the credit card in your wallet you can shop around merrily without worrying over your money getting stolen. The credit card also facilitates you to carry out huge purchases without having to shell out tons of money at the payment counter. Most of the shopping arcades, restaurants, supermarkets, and private shop owners have credit card machines installed at their payment counters to help the consumer pay by credit cards and which perform the task of online credit card processing. This has made it possible and convenient for the consumers to avoid carrying hard cash, thus avoiding the risk of an occurrence of any kind of mishap.

Many merchant businesses today, have credit card machines at their disposal. The merchants find it easier to accept the credit card payments by getting them processed via the credit card machines. For the realization of the payments done by the consumers by using their credit cards, these merchants open up a merchant account. Also the credit card processing method enables quicker online transaction. Many merchants who have their business, be it big or small, have also opted for opening an offshore merchant account that facilitates them even to carry out international trade.

Many offshore companies and offshore merchant account providers offer various features including tax benefits, privacy as regards their accounts, immunity from international fraud, low and high risk merchant accounts, real time credit card processing, payment gateway solutions, provide solutions no matter what the geographical position of the individual is, protection against online forgery, payment processing in multiple currencies, 24/7 customer support, etc.

For doing businesses outside their home country, many people set up offshore structures, conducting their business affairs that do not infringe any laws. Many people live in other countries wherein they require offshore merchant accounts, offshore bank accounts, offshore corporations, offshore real estate, etc. Very often people use offshore privacy for the purpose of protecting themselves from identity theft, kidnapping, blackmail, and possible extortion.

The banks that offer offshore merchant account dont have to perform credit history checks; it means that even if you have had a bad credit history and disqualify for a merchant account in US, yet youll qualify for a free offshore merchant account. A free offshore merchant account doesnt require statement fees. No monthly or annual charges have to be incurred for this type of account. The completely computerized payment process, which involves real time processing, makes the whole thing simple. So, even though you are a high-risk merchant, still your company can get an offshore merchant account.

An offshore merchant account offers high security business account processing which is completely hassle free and also doesnt charge excessive fees. Free offshore merchant accounts offer benefits that one cant get with a domestic merchant account. All your offshore commercial activities are dependent on them. These accounts have come up as a wonderful endowment for the business world.

Importance Of Duality Concept In Or And Economic Importance Of The Duality Concept

Importance Of Duality Concept In Or And Economic Importance Of The Duality Concept

This is MBA assignment question for MB0032 of SMU. The question is – Why Duality concept is important in OR? Describe the economic importance of the Duality concept.

The importance of duality concept is due to two main reasons:

a)If the primal contains a large number of constraints and a smaller number of variables, the labour of computation can be considerably reduced by converting it into the dual problem and then solving it.
b)The interpretation of the dual variable from the loss or economic point of view proves extremely useful in making future decisions in the activities being programmed.

Economic interpretation of duality:

The linear programming problem can be thought of as a resource allocation model in which the objective is to maximize revenue or profit subject to limited resources. Looking at the problem from this point of view, the associated dual problem offers interesting economic interpretations of the L.P resource allocation model.

We consider here a representation of the general primal and dual problems in which the primal takes the role of a resource allocation model.

From the above resource allocation model, the primal problem has n economic activities and m resources. The coefficient cj in the primal represents the profit per unit of activity j. Resource i, whose maximum availability is bj, is consumed at the rate aij units per unit of activity j.

Economic interpretation of dual variables:

For any pair of feasible primal and dual solutions, (Objective value in the maximization problem) d (Objective value in the minimization problem)

At the optimum, the relationship holds as a strict important.

This relationship implies that as long as the total return from all the activities is less than the worth of the resources, the corresponding primal and dual solutions are not optimal. Optimally is reached only when the resources have been exploited completely, which can happen only when the input equals the output (profit).

Economically the system is said to remain unstable (non optimal) when the input (worth of the resources) exceeds the output (return). Stability occurs only when the two quantities are equal. This is the most important aspect of economic importance of dual variables for MBA assignments.

Alternative Investments The Modern Way To Gain Higher Returns

Alternative Investments The Modern Way To Gain Higher Returns

Alternative investments tend to provide to the investor a platform that enables earning of money with much fewer risks involvedand a higher ROI (return on investment). It can also be referred to as investments in hedge funds however it is all strategy related. Some alternative investment strategies may includeconvertible arbitrage, fixed income arbitrage, short bias and equity of market neutral. In most cases financial institutions are the holders of the alternative investments. Although these investments are controversial because of the lack of regulation, still economic analyst gives their views on them. They are also subject to scrutiny by politicians and sometimes lack proper disclosure.

The best thing about alternative investments is the rate of very higher returns than the traditional ones. There are many investment plans like giving by AIM (Alternative Investment Market). Established in 90s this platform has turned out to be more useful than the former Unlisted Securities Market, giving investors a chance to gain some profit and pool in the capital. AIM works for the small investors who are potentially not eligible to be listed in the stocks and gives them a free hand with respect to rules and regulations. Although there are some regulations but they do not torture the investor to increase their capital. The most important feature of AIM is that is does not stop investors by putting a check to the number of shares they can issue in the market. This facility gives investors a chance to increase their ratio in the market without much struggle. In the past few years it has also been seen that some investors with their proper time management and skills have managed to make way to enter the main market after successful results achieved in AIM. The London Stock Market has is the proud founder of AIM and had proved to be a rising star in alternative investments.

It is important to understand that investments are risky therefore wherever you invest in something it is important that care shall be taken. It must also be kept in mind that you are sure that you understand the business you are actually investing in. According to experts investing in your own business or some business that you understand is the key to success. Secondly, the management must be on its toes to make sure that a proper check is being kept on where the expenses are being done. Good investments can be done only if it is realized that the results are not hard to achieve if proper measures are taken.

Alternative Investments only require extra care as they are more risky. For instance if you are investing in some art items, you must be sure that you are actually trying to invest in the original one. To be successful in alternative investments it must be made sure that you understand what a man of ordinary diligence would do in similar circumstances.

BIFF & BIL 2010 continues to strengthen ASEAN Integration

BIFF & BIL 2010 continues to strengthen ASEAN Integration

Bangkok Firmly in the driving seat as Southeast Asias No.1 fashion industry event, BIFF & BIL 2010 came to a successful close, welcoming a total of 3,822 trade visitors together with more than 26,000 general public.

The four-day fair was held from April 1-4 at IMPACT Muang Thong Thani by the Royal Thai Governments Department of Export Promotion (DEP), Ministry of Commerce, in collaboration with members of the Thai fashion industry and their ASEAN counterparts. With “Look East” being its theme, this years edition is titled BIFF & BIL 2010, ASEAN Integration Textiles Apparel Leather to reflect the combined strengths of ASEANs fashion industry.

DEP director general Srirat Rastapana confirms the optimism: “BIFF & BIL 2010 got a very positive feedback with the highest number of overseas visitors and buyers hailing from Japan, Vietnam, India and the USA, Cambodia, Philippine, China, Hong Kong, and ASEAN neighbors. The event managed to attract 595 companies from in and out of the country, totaling 1,022 booths on a space of over 45,000 square meters. Exhibitors and buyers have done more deals [at the Fair] than ever. It was incredibly useful that they have found it invaluable to have the chance to meet and catch up with key international contacts over a few packed days.”

BIFF & BIL is the only tradeshow in Thailand and SEA dedicated to all facets of the fashion market, covering everything from textiles, garments, gems and jewelry, travel kits, leather goods, shoes, ready-to-wear street fashion items, sportswear, lingerie, fashion accessories, etc that ranges from upstream to downstream manufacture.

International trade visitors from all parts of the world flocked to the fair where they made use of the opportunity to gain an overview of the current fashion industry, new collections. Prominent brands from 10 ASEAN and Greater Asian countries like The SUPPORT Arts and Crafts International Centre of Thailand (Public Organization) – SACICT, Combodia, HANDY HARTONO (Indosiesia), Laha (Laos), DOZO (Myanmar), DitaSandicoOng (Philippines), FUCHSIA LANE (Singapore), Kai (Thailand), THE LINE (Vietnam), Tamaki Niime (Japan) and Left & Right (Chaina) joined in the exploration of new market opportunities with such industry leaders as Saha Group, Street Fashion Runway, Designers Room, Micheal Angelo, Ethnic Thai, SC&F, SHAKA, Kongkiat, Paragon, Ferrie Fabbies etc.

Among highlights include a series of exclusive fashion shows by top local brands and those from overseas, the ASEAN Pavilion and the Japan Pavilion as well as the Asian Designer Congress, which was held for the first time in Thailand.

“By consolidating these local competencies into the regional cooperation under the ASEAN Integration initiative, it is believed that the fashion industry of ASEAN would have more access to the global market and gain greater competitive advantages,” said Mrs Srirat.

She also commented, “The positive numbers and better-than-expected sales at BIFF & BIL 2010 prove the fashion industry is resilient and provides a positive indication for the future of Thai fashion industry as it positions itself to be a regional fashion center.”

Questions to Ask When Searching for a Small Business Banking Account

Questions to Ask When Searching for a Small Business Banking Account

The bank a small business owner chooses to bank with is critical to the success of a business. Choose a bank that takes too many fees out, or one that doesnt offer the services a small business needs, and the success of the business is on the line. Conducting research before choosing which bank you use for your small business banking is critical. If you are in the beginning stages of your bank research, the following questions can help you determine if a bank is right for your small business.

The first question you should ask is what banking options the bank provides your small business. Every small business is different, and the banking options one business needs will vary from another. Determining what features are offered, and how they help your small business can help you determine if a certain bank is right for your small business banking needs. Some questions to consider asking include if a bank provides online access to bank accounts, the ability to choose remote checking, and the option to directly deposit checks and money remotely. Once you have determined what features and banking options are being offered to your small business, you can determine what bank offers you the most.

The second question you should ask is what, if any, potential is there for accessing small business loans. Some banks include in their small business banking features the ability to easily gain access to small business loans. If there is reason to believe that your small business may need to apply for a loan sometime in the future, then a bank that offers easy access to a small business loan might be beneficial. If a small business loan is not on the horizon, then the small business loan feature doesnt affect your decision on which bank to use.

The third question you should ask is what bank fees will your small business occur over time. Small businesses will sometimes incur thousands in bank fees over a period of time. Asking what bank fees are can help you assess whether a particular bank is right for your small business banking needs. Banks fees to consider include account holding fees, fees to access online accounts, transaction fees, debit card fees, and remote banking fees. Once you have determined what fees are being assessed by which bank, you can determine which bank is the best choice for your small business.

End Of The World In 2012 ( Government Cover-up Or Scare Tactic)

End Of The World In 2012 ( Government Cover-up Or Scare Tactic)

The end of the world in 2012 can be attributed to the interpretation of The Mayan Calendar. This ancient calendar belonged to a civilization that dates back to at least the 6th Century BC. The Mayan calendar predicted various world events that have occurred in our past such as War, famine, flood and earthquakes, to name just a few. It was held in high enough esteem by visionaries such as Nostradamus and the calendar was adapted by later civilizations. But why then does the Mayan calendar abruptly end on the 21st of December, 2012 ?

Some believe cataclysmic events will take place in December 2012 with the ultimate destruction occurring onDecember 21, 2012.
Others believe that the world will not end, but instead humanity will enter a new age, marked by significant changes physically and mentally.

Whatever the change may be -be it cataclysmic or spiritual, what can be done to prepare for this date?
Where can you get the latest and most extensive information on the subject so you can make up your own mind as to what will happen?

The conspiracy theories are rife and it makes it harder to get to the real TRUTH. Government cover-ups are not out of the question and so where do we go for real advice and information? Will the World End, or will it be an end to the World as we know it on a Spiritual Level?
Know where to go for themost accurate answers and information, be informed on what is happening and what can be done about it.
How can you safe guard your life and that of your family members and spiritually THRIVE in the wake of this Life-Changing event.

There are dozens of theories about how this might happen. Some claim that2012is when the Earth will experience a polar shift.
Others say that after 2012, the Earth will experience a period of terrible destruction followed by a new age of peace and enlightenment.
A few claim that in 2012, a secret government will accomplish its goal of total world domination.
NASA Scientists have been able to exactly pinpoint (to the day) the two Venus Transits and when humanity will change forever.
This date matches the Mayan Calendar EXACTLY.
It has been Proven By NASA that these calculations were exactly correct. Seethis pagepublished By NASA
This proves that NASA is aware that this EXTREMELY RARE Alignment will indeed happen in December 2012.

Commercial Mortgage Modification

Commercial Mortgage Modification

In todays crumbling, commercial real estate market, both borrowers and lenders find themselves in quite a precarious predicament. Borrowers struggle to make their commercial mortgage payments, while lenders are crippled by the increasing number of defaults on commercial property. Right now the best solution to this problem is commercial mortgage modification.

Commercial mortgage modification is the process of renegotiating the terms of a commercial loan. This is done typically by reducing the interest rate or monthly payment on the loan. Other benefits to the borrower may include an extension of the loan term, a forbearance or moratorium on payments, and of course an alternative to foreclosure.

A commercial mortgage modification is about risk to the lender. A lender will only consider a modification if a borrower is in default or at risk of defaulting. The most important thing the lender will look at in determining whether or not to modify a commercial note is cash flow. One very important calculation used in determining cash flow is called the DCR or Debt Coverage Ratio. This ratio is used by the underwriters to determine if a modification can be approved. If a property is breaking even, meaning the income generated is equal to the operating expenses, the DCR would be equal to 1. If commercial property has a positive cash flow, meaning the income the property generates is more than sufficient to cover the mortgage payment and all of the operating expenses, the DCR is greater than 1. If the property is losing money, the DCR would be less than 1. A lender will most likely not modify the commercial note, if the property already has a DCR greater than 1. Commercial lenders writing new commercial loans will most likely require a DCR of 1.25 or greater.

The most common form of payment reduction seen in a commercial mortgage modification is when the lender converts a principal and interest payment to an interest only payment. A lender may consider this form of commercial loan modification to help the borrower improve their cash flow. By only paying the interest on the loan, as opposed to principal and interest, the payment becomes more affordable for the borrower.

However, in extreme circumstances, reducing the mortgage payment to interest only is just not enough for a commercial property owner. If a lender sees that the borrower will still have negative cash flow even after reducing the payment to interest only, they may consider a reduction in the interest rate. Although the interest rate reduction may be temporary, it will help the borrower free up capital and maintain the mortgage payment on time. Although uncommon, lenders have lowered interest rates to as low as 1% even, to avoid an even more costly foreclosure.

Why is Affiliate Marketing Popular with Home Based Business Entrepreneurs

Why is Affiliate Marketing Popular with Home Based Business Entrepreneurs

The great strides made in the development of the Internet in the recent past has enabled information to be transmitted thousands of miles away with such ease and clarity that time and space are hardly of any consequence to the Internet Marketer today.

Marketing Programs have literally taken over the Internet and riding high, is Affiliate Marketing.

According to the Computer Industry Almanac “The world-wide Internet population for 2004 was 934 million and the projection for 2006 is 1.21 billion.”

Sean Michael Kerner in an article in Click Z News quoting a spokesman for eBay states “According to eBay their largest affiliate earned over $1.3 million dollars in January commission, the largest amount yet in their affiliate program’s history. Their top 25 affiliates averaged over $100,000 per month each and the top 100 affiliates earn almost $25,000 each per month.”

With this sort of statistics around, is it any surprise that thousands of entrepreneurs especially those Home Based Business entrepreneurs with very small marketing budgets are jumping on to the Affiliate Marketing band-wagon!

Given below are some of the Popular reasons for this desire and urge to do Affiliate Marketing:

1. Cost Factor: Most Entrepreneurs refrain from starting a brick and mortar business or for that matter a Home Based Business (non internet) because of the investment required. In Affiliate Marketing the set-up cost is negligible with most programs being free to join and the merchant even providing you with the tools, tips and websites.

2. Pick and Choose Products: With dozens of Affiliate Program providers and thousands of merchants having their own affiliate programs, there are several thousands of products to choose from. You name it they have it! In fact there are even Fortune 500 companies to choose from. The idea is to pick and choose your niche products and promote them.

3. No need for an Inventory. The hassle of purchasing, stocking of items and storing of finished items (in a production unit) and dispatching them are not there. There is no need to maintain an inventory. It is all handled by the merchant.

4. No need for Employees. In any business the wages of the employees is one of the major expenditures to contend with. Here the problem does not arise since the marketer himself will operate his home business and probably get the assistance of a family member to help him.

5. Necessity for Customer Service does not arise. Customer service plays a major role in the success or failure of a business. The advantage here is that there is no direct dealing with the customers. The website will automatically direct the customers to the merchants.

6. Two Tier Affiliate Marketing: An attractive feature of certain affiliate programs is that they have a Two tier system, whereby affiliates can sign up as sub-affiliates below them. When the sub-affiliate earns a commission, the affiliate above him too earns a commission.