Overview of the Business Plan General Description

Overview of the Business Plan General Description

Writing a business plan may not always be the first step you take when forming your business, but it is a necessary step that you must take at some point. The sooner you start working on your business plan, the sooner you will be able to organize all your ideas and begin looking for investors and funding. A Business Plan Is a Guide A business plan is not intended to be set in stone. In fact, it serves better as a roadmap, a guide to keep you on track according to your purpose and your mission, but all business plans should be reviewed from time to time and kept up-to-date. One of the most important reasons to keep your business plan fresh is that you will be better prepared to apply for loans, government contracts, and pursue other options for your business as they arise.
Women’s Guide to Negotiating a Commercial Lease

Women’s Guide to Negotiating a Commercial Lease

Women should not be intimidated by negotiating a good deal in commercial leases, but negotiating starts with asking the right questions. Once you have answers to the right questions, you can research the types of leases, leasing terms, and best negotiation methods. You will also be better able to plan your finances and your negotiation strategies if you know what questions to ask. There are many questions to ask before leasing a commercial property. However, you should include three very important questions to avoid overpaying for business space.
10 Steps to a Professional Feasibility Study

10 Steps to a Professional Feasibility Study

You have a great idea for a new product, maybe a homemade cherry jam handed down to you by your grandmother. It’s really good jam and you want to bring your idea and your product to market. That’s a great beginning, but you’ll probably need a business feasibility study, too.  A feasibility study is a process that tests your idea’s viability. It helps you to get a handle on whether your idea will fly or if it’s likely to flop. Feasibility studies can also serve as a basis for creating a ​small business plan and a marketing plan, both of which you’ll need going forward. These 10 steps and considerations can get you started.
Lease Term: Understanding the CAM Fee

Lease Term: Understanding the CAM Fee

It’s important to understand exactly what you’re paying for when you sign any commercial lease. Common area maintenance fees (CAM fees) are fairly common in commercial leases, but their terms can vary considerably. Be sure to ask questions about what’s included in all fees that are padded into rent under the terms of your lease, and find out how those fees might increase each year. Some leases might cap rent increases to a reasonable percentage, but CAM fees might go up at a different percentage rate. Knowing what you’ll be responsible for paying during each year of your lease will help you make better long-term decisions about whether a particular space will still be affordable in subsequent years, even if it seems like a good fit now.
Setting Financial Goals That Drive Your Business Forward

Setting Financial Goals That Drive Your Business Forward

Every business should have a written mission statement with a clearly stated purpose that reflects your core values. Your mission statement should be considered when developing your business plan as well as your business goals and objectives. Establishing your mission statement is important in the beginning stages of your business so you always have a written reminder of why you are doing what you are doing and how you should be doing it. Mission statements can evolve and change over time, but they should always be considered when developing both short- and long-term business goals. If your mission and purpose change significantly, your goals will also need to adjust to reflect those changes.
5 Tips to Handle the Holiday Season When You Work at Home

5 Tips to Handle the Holiday Season When You Work at Home

While telecommuters may fantasize about shedding all those work-related, holiday obligations like office parties and secret Santas, unfortunately they can’t afford to do that. Even more than their counterparts back at the office, people who work from home need to use the holiday season to network and build bonds with their coworkers, supervisors and clients. This is the time to nurture relationships that don’t benefit from the daily, face-to-face interactions that those who work in the office have. At the same time, home-based workers need to take extra care to make sure their home lives and professional obligations don’t collide due to the added pressure of the holiday season.
Making the Case for Affordable Child Care

Making the Case for Affordable Child Care

It’s widely known that among developed nations, the U.S. struggles to keep up with it’s peers on paid family leave policies. This is a shame but there’s a bigger issue we need to address. That issue is finding everyone the good affordable child care we all dream about finding for our kids. If we’re going to delegate our child care to someone we want our children to learn something, be fed well, and their health and well-being made a priority. Unfortunately, there’s a good chunk of us in the US who either can’t afford this kind of care or who are barely making ends meet putting a third of our salary toward child care.
How to Get Back in the Game After Maternity Leave

How to Get Back in the Game After Maternity Leave

There are two keys to the success of working motherhood. One is how well you can plan your life personally and professionally. Two, if you can maintain enough personal energy to do everything that you plan. If you follow this plan when you return to work you’ll won’t worry so much, you’ll feel organized, and competent. Keep Your Work Calendar Updated Because your child is constantly changing, your pediatrician wants to see them often. Most will request to see them once per month for the first six months, then every three months, up until their second year of life. When you return to work check your work calendar and then schedule these visits as far out as your doctor’s calendar can go. Then update your work calendar, your spouse’s calendar, and people’s calendar in your support sys
What Does Accrued Mean? How Accruals Work in Business

What Does Accrued Mean? How Accruals Work in Business

The term “accrued” is important in business and accounting, and knowing how accrued accounts work will come in handy as you manage your small business. What Does Accrued Mean? The word accrued is an adjective, describing something that accumulates over time. In the case of a business, accruals are often money, but time can also be accrued, as in paid time off. Accruals work in two ways:
The Impact of Big Business on City Infrastructure: the Case of Amazon

The Impact of Big Business on City Infrastructure: the Case of Amazon

The question of whether large businesses should be encouraged to expand within a city or solicited to relocate there is often a hot-button issue. It raises questions about the positive or negative impacts it will have on local infrastructure and economy. Let’s explore the issue from the context of Amazon’s growth in Seattle, as well as regarding the recent announcement that it will divide its new HQ2 and an estimated 50,000 new jobs among Long Island City, located in Queens, NY and Crystal City, Virginia (National Landing), located near Washington DC. A city’s infrastructure includes the fundamental facilities and services necessary for its economy to function. Typical infrastructure items include water supply, sewers, electrical grid, and telecommunications. They also encompass transp