• A Small Business Financial Checklist to Be Profitable
    Corporate Wellness Programs

    A Small Business Financial Checklist to Be Profitable

    Tracking nine critical financials of your respective retail company is an important section of reaching your goals and succeeding. It is important to track these numbers at the very least monthly so that you can adjust your priorities, strategies, and plans accordingly. Taking control of your business will show you the success you desire. This financial control can reduce stress since it gives you knowledge and knowledge is powerful.

    With this knowledge, you should have the power to produce sound business decisions. You cannot improve everything you usually do not measure and you cannot hit a target which includes not been set. Every market has its challenges and you can succeed with your market by setting clearly defined targets, making plans going to those targets, and taking daily meaningful actions towards your targets. However, without measuring critical financials how does one determine you are well on the correct track?

    This critical financial checklist is basic, yet many smaller retailers tend not to track them regularly or whatsoever. Waiting until the end of the fiscal year to check out these might end up being too much time and can mean you missed out on the ability to reach your goals or worse to suffer profit losses. Another issue is not tracking these numbers is that you simply might change something which was helping. The expression measure twice, cut once applies here. How can you determine what to reduce or what you should add should you usually do not know where you stand strong and your location weak? Build a spreadsheet and track these numbers every month.

    Critical Financials Checklist:

    Gross margin (also referred to as Gross Profit): Income minus direct costs. Indicator of profit or loss trend.

    Net Income (also called Net Profit):

    Revenue minus all expenses and taxes. Indicates if you are profitable or otherwise.

    Overhead to Sales Ratio:

    Overhead costs like a percentage of one’s income. An upward trend could mean you might be headed for trouble. If you just moved or dedicated to a whole new building it’ll be high initially but should trend back.

    Wages to Sales Ratio:

    Total wages like a percentage of your respective income. Hiring seasonal staff is likely to make this climb temporarily but should trend back if you hired the right team to increase sales.

    Quick Cash Ratio:

    Cash plus accounts receivable divided by accounts payable. Very dangerous when it trends down. …

  • Online Business - Build Your Own Links Network
    Corporate Wellness Programs

    Online Business – Build Your Own Links Network

    Building many blogs will bring many benefits for you. Everyone will want to get passive income from the internet and it can be realized by building an online business. Have a profitable blog is like having an online property. Not all the blogs that you build will be successful because the Internet business is always changing. Use all your skills to build a profitable website in the long term.

    Most websites need backlinks to get good position in search engines. One easy way to get links is to join the link network. Create your own link network will facilitate you getting lots of links. To start building a link network, you can find references in the search engine. Another way is by copying an already successful system.

    You will get a backlinks automatically if already have the correct system. Backlinks will come by itself and you can focus on other things such as researching a profitable topic. Having a link network will give you a big advantage because you can get money from members who join your network.

    Building a network is not easy and requires hard work to build it. Build your network cannot be solved alone because there are many tasks that must be done. The best way is to hire workers to help you build your business. Starting internet business needs capital and the amount varies depending on the type of business you will make. You can start an online business using free blogs. Most internet marketers prefer to have their own hosting and domain because they can do anything to advance their business.…

  • The 'What & Why' of Digital Media As a Career Option
    Corporate Wellness Programs

    The ‘What & Why’ of Digital Media As a Career Option

    This time of the year, most of you must be grappling with the dilemma called “What Next?” No wonder, with the host of career options thrown open in front of you, combined by the pressures from peer and family, it has made you more confused and indecisive.

    I am here to talk to you about a career option that rightly fits into the scenario and needless to mention, it shall also be liked by your interest buds. The reason is simple; it involves two things that have become part and parcel of your life: i.e. Internet and Mobile.

    Ever wondered, who posts the brand messages on the Facebook or the Twitter every day. Ever wondered who forms and manages Websites like Sunsilk Gang of Girls or Lipton Challenge – World’s Largest Puzzle. Ever felt curious to know who puts the sponsored links whenever you search for something on Google.

    They are all Digital marketing / media professionals who work together to bring the brand in contact with the digital clan (i.e. you) in various forms.

    OK so now you must be wondering “Why Digital Media, what is it all about etc.?” So let us answer your questions one on one:

    The ‘What Why’ of Digital Media as a Career Option:

    What is Digital Media all about?

    Digital Media refers to electronic media. For us we need to keep 2 things in mind: Internet Mobile.

    Digital Marketing is the business of promoting products or services using digital distribution channels to reach consumers in a timely, relevant, personal and cost-effective manner.

    So why should you choose it as a career option?

    Even when the world is slowing down, Digital Media is running at a much faster pace each day. In fact, with more and more organizations opting for digital media campaigns, the media is growing by leaps and bounds. With this, is growing the number of agencies that are offering 360U services under digital domain. And this in turn is opening up multiple job avenues.

    However, with each day it is becoming more complex and hence a thorough understanding of what, why, when, where and how of it shall empower the digital media professionals to come up with innovative ideas, thereby, breaking through the clutter.

    Digital media is an apt career option for the young and enthusiastic tech savvy generation (you again). It is this young generation that accesses the digital media …

  • Corporate Wellness Programs

    Grow Your Ability To Gain Wealth In Business

    Grow Your Ability To Gain Wealth In Business

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    Right Motives For Business

    We have all discovered that a compelling vision and highly functional mission statement will launch a successful business. Our motivation for performing business has many facets. As business owners, we desire to develop creative solutions to meet the needs of our specific market. That is a noble pursuit! We must also grasp the crucial concept that we need to make money, and lots of it, to grow a successful business.

    Growing our ability to gain wealth in business is an extremely noble facet of our driving motivation to succeed in business. Without cashflow, reserves, investments, profitability, resources, etc. our businesses can not function, not to mention, thrive, expand, multiply, or fulfill the needs of an escalating global market and population. In short, it is “good” for us to aim to make loads of money in business!

    5 Principles For Gaining Wealth in Business

    Business growth can be an elusive target for many entrepreneurs, especially if cash is lacking. Wealth creation proponents express the need for growth in two areas, the heart and the head. We need to believe that wealth is easy to possess and secondly, we need practical ideas, information and keys to corral money and herd it into our accounts.

    The following principles address heart and head areas which dictate wealth creation in business.

    1. Consistent Business Inspiration & Information

    Entrepreneurial insight, management, team building, leadership, organizational systems, direction, etc. are common words mentioned in market place vocabulary. To expand our bottom line in business we must first expand our wealth vision and mentality. Readers are leader’s because they ingest knowledge at a rapid rate; as their business vocabulary is expanded so is their capacity for gaining wealth. Book reviews point us to the best books in the least possible time so we can have the right inspiration and information fast!

    2. Consistent Business Success & Solutions

    Success breeds confidence and a winning environment. A healthy business is a wealthy business. A healthy business growth environment will release owners, managers, and employees to produce creative answers and innovative solutions to accelerate growth further. Health promotes greater productivity and progress in a business. Simple, practical success ideas will ignite passion and provide tools for workers to create and build!

    3. Consistent Business Money & Marketing

    Understanding the sociological and psychological aspects of specific markets will connect products and services with customers and clients. …

  • Corporate Wellness Programs

    Hardware and Building Supplies Retailing Industry in Australia

    Hardware and Building Supplies Retailing Industry in AustraliaThe Hardware and Building Supplies Retailing Industry in Australia has experienced moderate growth in the past 5 years. The trend is expected to continue at a rate of 2.7% through 2019, reaching an estimated $21.6 Billion. IBISWorld market research reports that significant changes in large big-box operations entering and leaving the industry as major players has caused structural changes to the industry. Competition has involved to promoting hardware and building supplies.

    With the slowdown in the real estate sector, homeowners are turning in greater numbers opting for do-it-yourself projects rather the purchasing new homes. Individual owners tend to enjoy online sales and have sparked online sales causing an explosion of online sales and DIY projects. Industry leaders have turned to promoting these highly profitable trending projects. Sales have skyrocketed for tools, supplies and materials. Companies like Ambler Direct are one of many Australian companies working to earn your business, meeting your needs with the highest quality customer care. They service all areas of the industry, including DIY projects.

    According to the Australian Government business sector, businesses in this industry sell hardware, timber and building products, including tools, bathroom and kitchen accessories, paint and garden supplies. Statistics show that the average cost per item sold is 88%. Product cost is an average of 62%, labor costs of 14%, 6% for property rent or acquisition with the balance for transportation, advertising and other costs. Smaller business pay slightly more on average with larger big box stores trying to use their purchase strength to reduce costs slightly.

    Experts report that owner households undertaking new DIY home improvement renovations and repairs have benefited the industry but predict this trend will cause a further slowdown in new building projects affecting the industry bottom line. Higher competition among wholesalers and retailers is likely to further lower profitability. Lower profitability will affect government tax coffers causing officials to seek methods to increase profitability of this industry overall in the future.

    The advent of the rising number of DIY improvement projects is expected to increase labor costs and capital improvement costs for retailers. The need for more shelving for individual customers compared to supplying larger contractors will require more expenditure for physical shelving and space expansion plus increases in the number of carts and baskets, these may appear insignificant expenses but can add up to 10¢ increase in costs per item. More shoppers at already labor-intensive supply …