Wednesday 14 November 2012

Starting Business Secrets will help you to start your own business successfully.
The American Dream is, and always will be, to come up with an idea, start a business and become rich from your own efforts. Based upon this motivation, thousands of businesses fail each year, due primarily to not being familiar with the basics involved in running a business.
  • For Business Owners Only - You Can't Be Fired But Neither Can You Quit

    The decision to sell, or not to sell your business is a difficult one. There are many questions that need to be answered before an informed decision can be made. Is selling your best alternative? Will one of the kids want to take over the business? Timing is everything. Is now the right time? You do not have to sell or decide right now. You are quite busy so maybe you will look into it after. . .
    Facing the issue of succession or continuation of one�s business is very much akin to addressing the need for life insurance. Neither subject is addressed with much enthusiasm by the average person. The prudent address the inevitable and prepare. Although only one eventuality exists for us as individuals, three exist for our business: Transfer to family, sell to outsider, or close down.
  • The Desire For Money, Do You Have Business Sense?

    For those of us who grew up with parents who worked for businesses rather than owned them, the world of business can be quite a mystery. Even more so if we've dared to try to start one of our own. There is the factor of what type of business to start - a product or service business. There are the issues of doing a good market analysis, licensing the business, understanding the codes of law governing businesses, and determining just what type of business structure to choose - especially if the business will have employees. For example, should we start a sole proprietorship or a corporate business? It's a lot to work on, and it's not an overnight process to the road of success. But, the most crucial challenge to whether a business succeeds or fails lies deep within the realm of emotional versus financial intelligence.
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    WorkCover is a workers’ compensation scheme established by law to compensate Victorian workers who are injured at work or who suffer from a work-related illness. Workers are covered by the scheme regardless of who was at fault.
    In certain circumstances, independent contractors may be eligible for WorkCover compensation under the scheme. For example, a carpenter or truck driver with regular hours and one employer over a period of time may be considered a worker even if tax is not deducted from their pay
    Work cover claims benefit are statutory benefits, which are benefits available to all workers who have suffered workplace injuries.
    The claim form must be given to your employer. If you are claiming for time off work, you also need to have a WorkCover Medical Certificate from your treating GP. An ordinary medical certificate will not be accepted. Your employer has 10 days from when it receives your claim to forward the claim to its authorised insurer/claims agent. It is possible to lodge a copy of a claim with the authorised insurer/claims agent. This is recommended where there is some doubt as to whether the claim form will be passed on. Penalties can be imposed on employers when claims are not forwarded to the authorised insurer or claims agent.
    Once the authorised insurer/claims agent receives a claim it has 28 days to accept or reject the claim. If it rejects the claim it should provide written notice of the rejection. If it doesn’t reject the claim within 28 days, then the claim is treated as accepted. Normally, before deciding whether to accept or reject the claim the authorised insurer or claims agent will arrange for you to be examined by one of their doctors.

    Starting a Home Business

    Let’s see. You know you need a business plan. You’ve heard it from many sources, “Write your business plan!” So, you sit down and begin. Hmmm… bios, sales and growth projections, competition, graphs, marketing. It all seems so overwhelming. You realize this is going to take longer than you thought. You put it down to continue another night. That night doesn’t come.
    Sound familiar?
    How about this scenario: you actually finish your business plan. One year later, you realize you have not accomplished your goals, your finances are not where they were projected. You feel like you are failing.
    Can anyone relate?
    Relax, it’s okay. The big business plan gig is really not for us small, home-based owners. So, scrap the big business plan.
    Here’s a better idea.
    It’s not that big business plans don’t work for us, rather, they can’t work.
    The traditional business plan is really only for one reason — to sell your business idea to investors. If you’re looking for venture capital, you have to put together a big business plan, and a very good one at that. While a very small sampling of you may wish to go this direction, the reality is that most home-based business owners are simply wanting to make a decent living at home.
    In a poll of 300 online home-based business owners, 64% said they work part-time on their online business and receive part-time income from it. A pretty big chunk of online home-based businesses. These are people who are simply looking for a little extra cash, or they look at their business as a hobby.
    In contrast, a paltry 16% of home business owners works full-time at home and receives full-time income. I would venture to say that an extremely small percentage of this group is actually looking for serious venture capital to take their business to another level.