Business Plan

First ask yourself what sort of business to I want to own? Most people start a business without any pre planning. If your thinking about opening a small business please do a little pre planning and save yourself a lot of frustration in the future.

Opening a small business can create financial freedom and extra time to spend with your family friends and loved ones. Unfortunately many fail to do so properly in my experience over the last 11 years I’ve found that well held small business board meetings are one of the constants in successful businesses.

There is mountains of work about what you should do before opening a small business, today I’m going to focus on the business entity management.
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Whereas running your own worldwide enterprise is one of probably the most exciting and satisfying businesses you can undertake, it is definitely not always the dazzling and glamorous endeavor some would imagine it to be. As with any career it is not for just anybody. It calls for a lot of repetitive procedures, substantial experience, as well as challenging work.

To aid you to begin an export company or launch an import company, you’ll find some fundamental details on what can aid you to run your company within the global marketplace:

1. Worldwide traders speak their own language. Consider: NAFTA, GATT, ad valorem, letter of credit, ocean bill of loading. It’s a company where “I believe I know” is not good enough. What you do not know can really hurt you.
2. Global trade is defined as the exchange of goods and services among nations. Exports are the merchandise people or countries sell; imports are the goods individuals or nations around the world purchase.
3. An import/export organization matches sellers and buyers of products in various nations around the world. The worldwide manager conducts this business in many ways:
* Acting as an intermediary,
* Buying a product or service from a vendor and marketing it to wholesalers throughout another nation,
* Creating a network of retail distribution agents selling on commission,
* Hiring a separate firm to find sales and customers demand
* Operate as consultants for other countries which desire to export their products however do not have the essential know-how.
4. Opportunities abound. The nations known as the “Seven Tigers” of the Pacific Rim are thriving, with China representing the absolute greatest market opportunity across the world. Mexico has come forth as one of the largest US trading partners. The ratification of NAFTA (North American Free Trade Agreements) provides a historic chance to establish a single unified market. For the beginning import small business owner, the whole world is really a prospective market.
5. Another factor you need to take into consideration could be the role of government. A national government might opt to conserve national resources through limiting exports on specific products, or restricting the import of goods in other countries by banning these or with the addition of a tax referred to as a tariff on specific items.

Whether your goal would be to start an export business or begin an import company, you’ve the opportunity to enjoy a lifestyle that carries with it quite a few rewards. And also the rewards are as diverse as the persons who pursue them.

Are you a senior; have you retired and found out that you are having trouble making ends meet? With today’s economy, many of us are asking these questions.

Gas prices continue to increase. Heating costs continue to go up. Electricity is getting more expensive. Medical care costs continue to rise. All of these items continue to be needed by the average family. Yet, if you are a senior, you are probably on a fixed income like most of us.

I’m a senior – I’m 69 years old. I’ve been retired for about five years. I’m on Social Security and receive a pension. My wife, who is also 69, still works to supplement our income.

I’ve worked hard all of my life and earned sufficient income to live a comfortable life. Now, I’m seeing financial problems; I thought I was OK for retirement and could continue to live the lifestyle that I was used to. Guess again.

Let me share some personal situations. I’ve had two surgeries in the past two years – Total cost $150,000. Although I am covered by my Medicare and Supplemental Insurance, I still have to pay approximately $9000 per year for Medical Insurance and this does not include deductibles and co-pays. Recently, I had dental problems; a new partial for five teeth – total cost $6500. I do not have dental insurance.

I heat my house with oil; oil prices have continued to increase along with gas prices. I’m just about to the point where I’m living from paycheck to paycheck. I was doing that when I was young and just starting to work. This is not right. I asked the question “How can I help myself to improve my financial situation?
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