5 Tips for Using Colleges and Universities to Help Your Business

1.

Volunteer your company to be a business school case study. You’ll learn much about your company in the process and get good ideas for the future.
2.

Obtain management and technical assistance from one of more than 50 Small Business Development Centers. Check the U.S. Small Business Administration web site at www.sba.gov for locations.
3.

Participate in special programs. Many colleges and universities sponsor venture capital forums, entrepreneurship centers and family business programs.
4.

Work with the business school to offer internships to graduate students.
5.

Find out what expertise is on a business school’s staff. You may find just the right person to hire as a consultant or serve on your board.



surce: www.score.org

Before you start-up in business

Setting up on your own is one of life’s ultimate learning curves.

Not just about making sure you succeed and earn a living, but also in terms of what it will teach you about yourself. We guarantee that by the end of the first year, your self-awareness will be considerably more acute.

But it’s not just awareness of yourself that is vital to survival in the cut-throat world of commerce – what do you know about your competitors? More to the point – do you know who your competitors are in the first place? What are their weaknesses? What do they charge? Remember that research into your competitors is an ongoing process, as too many failed businesses have discovered to their cost.



Time management is another string you’ll need to add your bow. You need to be prepared for the fact that the usual nine-to-five existence you’ve probably enjoyed so far in your working life may have to become a 12 hour day or longer, at least for the first few months or so.

You’ll have to be prepared to put personal arrangements on hold and maybe even to change social arrangements at short notice. Your closest friends will want you to succeed and will hopefully cut you the slack you need. It’s one of the few downsides to starting your own business, but you know what they say about broken eggs and omelettes.

Money is likely to be your greatest sticking point. Even with a solid business idea, with all the costs of setting up a new business – from computer hardware and equipment to crafting your own website – you’re going to need a little financial back-up to keep you going in the early days.

Set a start-up date and save up with this in mind. Alternatively, you could present a well-structured business plan to your bank manager with a start-up loan in mind. And whenever you are working out costings for your business, always formulate these with the worst case scenario in mind. It’s far better to have a little money left over than find yourself in debt before you’ve even started to generate a profit.

But even though funds are likely to be tight in the beginning, it’s not advisable to try to do everything yourself. Think hard about yourself and write down your strengths and weaknesses. If marketing isn’t your forte, call in someone to help. Likewise, call in a few favours from friends who may have the necessary expertise you’re lacking in those areas.

Similarly, book yourself an appointment with the two professionals you will perhaps need the most during your first few years of business – an accountant and a business advisor. These people really can mean the difference between make and break.

Good ones will have already played an active role in the setting up of hundreds of businesses and will be able to tell you if there is any aspect you’ve overlooked. It’s not difficult to seek out free business advice at the start-up stage. You’re best advised to shop around for an accountant. Try not to pick one on price – select the one who you feel will work best with you and your type of business. Relationship and trust is more important than anything.

You’ll also need to shop around the find the right bank to handle your new small business affairs. Consider factors such as whether you will have an individual available to answer any queries as they arise, as well as what the bank charges for borrowing money and general transactions.

And if, after all of this, you’ve decided that starting a business is the thing for you, you’ll need to think about the business structure you will be trading under – are you going to be a sole trader, set up a limited company or form a partnership?


source : www.bytestart.co.uk

5 Tips for Using Colleges and Universities to Help Your Business

Volunteer your company to be a business school case study. You’ll learn much about your company in the process and get good ideas for the future.

Obtain management and technical assistance from one of more than 50 Small Business Development Centers. Check the U.S. Small Business Administration web site at www.sba.gov for locations.

Participate in special programs. Many colleges and universities sponsor venture capital forums, entrepreneurship centers and family business programs.

Work with the business school to offer internships to graduate students.

Find out what expertise is on a business school’s staff. You may find just the right person to hire as a consultant or serve on your board.


source: www.score.org

Financial strategy

Financial strategy aimed at the use of financial resources to support business strategy, both long term and short term. This strategy includes the financial capital acquisition strategy, capital allocation, diveden allocation and management of working capital.
The acquisition of capital usually involves consideration the reasonable cost of capital, the proportion of short-term debt and long-term, the desired balance between internal and external funding, risks and limitations of ownership and the level and form of a lease that must be used. Microsoft to develop the company do shares with a sales price of 21 dollars and 28 dollars closed in 1986. Microsoft’s stock price reached the peak price of 119 dollars in 1999.

Capital allocation priorities include the consideration to the allocation of capital projects, the basic selection of the end of the project and the allocation of capital is allowed without the approval of operational managers managers higher. Microsoft does not share dividend from 18 September 1987 until 16 January 2003. Capital that are used for a project to develop the Microsoft Office launched in 1989 and Windows 3.0, which is issued in 1990. In 1993 the Windows NT 3:01 and in 1995 launched Windows 95 equipped with Internet Explorer and MSN (Microsoft Network). In 1996 the Windows CE.1.0. and in 1997 launched the Internet Explorer 4.0. and in 1998 raised a Windows 98. Windows XP, released in 2001.

The allocation of dividends and management of working capital include consideration of the division of the profit should be distributed as dividends, dividend stability, the form of dividends other than cash, cash flow needs, the minimum cash balance and the maximum credit policy, credit policy billing, the provisions and procedures of payment. Berkshire Hathaway more pressure on the company’s net wealth rather than allocate greater dividends in the division, such as AOL Time Garnet, Exxon Mobil and Toyota.

Toyota Motor Company on 31 March 2007 net profit to total 23.95 trillion yen, an increase of 13.8% compared to the previous fiscal year. Contribution of positive operating income of 720.0 billion yen from 330.0 billion consists yen from marketing efforts, 290.0 yen from the positive effects of exchange rate changes in foreign currency and 100 billion yen from cost reduction efforts. Toyota Motor Company to share half profit as cash dividends for the six months worth of 70 yen per share, up 15% compared to the past period, so the total dividend paid a full year is 120 yen shares. President of Toyota Motor Company, Katsuaki Watanabe, said: “The result is the ratio of dividends distributed increased from 21.3% to 23.4%, continually trying to get to our target of 30%.”

Learning from banana tree

Banana tree is a plant that was created by God for the benefit of mankind. Banana trees grow in tropical regions such as Asia, Australia, Africa and the United States
The philosophy of banana trees used by PT Gobel Dharma Nusantara to drive human resources than can compete with other companies. The company is collaborating with Matsushita Panasonic products that are able to do is exported. This philosophy found by the founder of the PT. Gobel Dharma Nusantara, Thayeb Mohammad Gobel in 1954.
Banana tree is a tree that benefit all. Fruit banana-shaped curve and long yellow or red. Yellow flesh is soft and sweet taste when cooked and contain the vitamin. Leaves can be used to wrap food from Indonesia, for example, rice pecel, oilcake, botok, nogosari and so forth.
Banana sheath used for children’s toys, the gun toy and horse toy. The heart of banana tree can be made, vegetables and trees can be used to put a puppet in the puppet show or “wayang kulit”. Even a banana skin is also helpful, ie can be eaten goat.

This philosophy that employees at PT Gobel Dharma Nusantara make all products for the benefit of the community and the cooperation in the group.
PT Gobel Dharma Nusantara use management to make independent management system that is efficient, and listen to the customer. All that is in the surrounding customers, for example, the public, investors, suppliers, government, environment, superiors, subordinates and co-workers. Suppliers and distributors of the same standing and prosperous.
PT Gobel Dharma Nusantara try produce a useful product, according to the needs and have high quality with affordable prices and satisfactory services to achieve the welfare of the community. The advantage to investors, employees, business sustainability and taxes and for the welfare of the community.

”None of us who oppress each other” said the top management of PT Gobel Dharma Nusantara.

Before the banana trees produce fruit, when cut, it will grow again to produce fruit. After produce fruit, the banana trees are ready to die.
Gobel employee of PT Dharma Nusantara make a total dedication. Before produce works best, their abstinence to exit from the company. Ready to sacrifice for the achievement of company objectives to achieve happiness together. Employees think, that he worked in the factories of their own small, and run the business with full sincerity, and humility. Progress and development can only be realized through the joint efforts and cooperation from the employees of each company. Together in the spirit, content to perform tasks in the company with a high dedication, diligence and integrity. But before death, children have to grow at around a tree and was ready to replace the mainland.
Director of PT Gobel Dharma Nusantara has been a continued process of the descendants of the company to continue to remain a company that winning the competition. All employees are through the development of the individual as the nucleus and is the responsibility of private companies and to dedicate to the community as a holder of the relay rod predecessor.