Contents

The ability to conduct meetings over the Internet opens up many new opportunities for the small businessman or woman. The ability to market products and services worldwide have never been better.

Internet Meetings and Small Business

Internet Meetings and Small BusinessThe world today is a global village. It is no longer necessary, or sometimes even possible, for all the employees of any organization to come together. Equally though people need to share ideas and information more than ever. Business associates or even family and friends may be located anywhere, but our need to stay connected grows daily. We may need to talk, share pictures and programs,work together or collaborate on many projects.The Internet has brought the world even closer. It has taken our ability to share information to a new level with brand new abilities to work and communicate worldwide. Internet meetings are web based and accessible to anyone with high speed Internet access. Unlike email, they are real time and they allow you to get immediate feedback and communicate your ideas faster.At an Internet meeting you can exchange all sorts of information. Internet meetings have many different features depending on the software and service provider used. Most Internet mettings today use live video and audio. They can also pass files between participants and share a common whiteboard to share ideas as well as the ability to work on Word, Excel or PowerPointdocuments together. Web meetings also provide the ability to share programs running on your PC and let the Internet meeting attendees view your desktop.With these capabilities, the options of Internet meetings to help us keep connected are endless. Perhaps a family will stay in touch with children at school or university where they can talk and share experiences and pictures.Small business owners can also benefit immensely from Internet meetings. A small business can present a very large and professional corporate image using Internet meetings. Internet meetings, for the "small business" user, are a cost effective way to grow the business. They can offer long distance sales presentations to customers or update a sole salesman living and working thousands of miles away.Small business's now have the ability to have global offices - in reality a virtual office residing on your desktop. It becomes easy and cost effective to invite clients from Europe, Africa, or anywhere in the world to join in a virtual meeting. Working with contractors and clients all over the world has never been easier.Internet meetings are often hosted by Internet service providers. For a flat fee, you can log in via the web and set up a virtual meeting with participants in the USA, Europe, the Far East and Australia. Even scientists at the South Pole can join in via satellite technology. Once you have scheduled the meeting, your meeting attendees can log in via the web at no additional cost.Internet meetings make you more productive and can reduce your travel costs and increase your productivity. Internet meetings are a way to meet with one person, ten people or a thousand people virtually. You can collaborate and work without the time and expense of travel or locating physical conference rooms.

What Goes Behind Your Credit Score?

What Goes Behind Your Credit Score?

A credit score is primarily based on credit report information, typically from one of the three major credit bureaus, Experian, TransUnion and Equifax. Since lenders or banks lend only against your creditworthiness, it does makes sense for you to know what factors determine your credit score. What Is A Credit Score? Based on the snapshots of your credit report, credit score is the number arrived to summarize your credit risk. It ranges from 300 to 850 and helps a lender to determine the risk level. Or we can put it like this, if I give this person a loan, how likely is it that I will get paid on time? There are different methods of calculating credit scores. FICO is one of the most popular credit scores developed by Fair Isaac & Co. The higher is the FICO score the lower is the risk for lender. What Affects Credit Score? Your credit reports contains many pieces of information that reveals certain important aspects of your borrowing activities mainly focusing on: Late paymentsThe amount of time credit has been establishedThe amount of credit used versus the amount of credit availableLength of time at present residenceNegative credit information such as bankruptcies, charge-offs, collections, etc. Bad Credit Small Business LoansSeeking loans with low or bad credit score can drive you up the wall. The mainline lenders may simply reject your loan application while the others from subprime market may charge you extortionate rate of interest on your bad credit small business loan. In case you are an entrepreneur and need new business loan for growth or expansion, bad credit can put you in pickles. In such a scenario, its better to go for cash advance option that is provided irrespective of you credit history. Such cash advance is given against your future credit and debit card sales. What Is Cash Advance Option? Cash advance is a small business loan approved against the monthly amount you process through credit card sales. Cash advance lenders do not ask you for your credit rating and can pre-approve your loan within 24 hours. A mutually agreed upon percentage from your daily sales through credit card processing goes to the lender automatically as repayment of the loan. How To Increase Your Credit Score? Your credit score cannot be improved in short run but a few steps can help you improving your credit rating over a period of time. Here are a few tips: Pay your bills on time. Late payments and collections can have a serious impact on your score.Do not apply for credit frequently. Having a large number of inquiries on your credit report can worsen your score.Reduce your credit-card balances. If you are "maxed" out on your credit cards, this will affect your credit score negatively.If you have limited credit, obtain additional credit. Not having sufficient credit can negatively impact your score.

How to Maximize the Benefits of a Networking Event?

How to Maximize the Benefits of a Networking Event?

Everyone needs to network: entrepreneurs, small business owners, job seekers!But does everyone maximize the benefits of networking?The purpose of networking is to build relationships so you will get leads from someone you know, or from someone who knows someone you know. When you attend a networking event the purpose is to meet business people from various industries to get exposure. What networking is not?Networking is not a numbers game; you need to focus on quality and not on quantity. Some people think that they had a successful event when they have collected 30, 40 or more business cards, but they are missing the real point. How many of these 30 or 40 people will you be able to follow-up? How many of these 30 or 40 will follow-up with you? What is the purpose to collect a huge number of business cards that will end up in a shoe-box on one of your shelves?Networking is not a place to sell. You have to be prepared to give your elevator pitch to introduce yourself, not give a sales pitch. If you attend an event expecting to find a client to close a sale right away, chances are you will be very disappointed. Furthermore the other attendees might not appreciate your attitude.What networking is?Networking is more than just shaking hands and collecting business cards. It is about building relationships and being committed to help other business professionals.It is about the quality of your contacts and not the amount of your contacts. It is about consistency. The best is to belong to two or three groups, attend their events regularly, get to know the other members, and in exchange they will get to know you and trust you. When you see the same people over and over you develop a strong and relationship with them. The benefit of building relationships with a committed group of people will result in new leads for your business.It is about patience. The benefit will not appear overnight, and this is why you need to follow up with your contacts. Networking is like dating, one meeting is not enough to know someone. It will probably take some time, some meetings, some lunches or some drinks before you really start doing business together.Here are some tips on how to maximize the benefits of a networking event.Be prepared when you attend a networking event. Know your goals. Are you looking for leads, partners, new clients, services?* Bring your business cards and a pen to take notes on the back of the cards you receive. * Have an effective 15 to 30 second elevator pitch. Learn how to sell yourself before your services or products. People want to hear about you first and when they know you and trust you, they will buy your services or refer you to someone else.* Have a brochure and/or a web site. Some people will probably want to hear more about your business later, so give them the opportunity to get the information they are looking for.* Meet people, ask about their business or services. Be curious and ask about them. people love to speak about themselves, so ask questions and listen to their answers.* Be a problem solver. people will be more interested in you if you tell them how you can solve their problem instead of just hearing your story.* Go to people; dont wait for them to come to you. Some people are very shy, they will be very happy if you make the first move.* Go to events with a friend, a colleague, a client, and introduce people to each other.* Send a thank you note or email to your new contacts. Thank them for their time and reintroduce yourself in a few lines. They met lots of people during the event and your business card doesnt say everything about you. So it is good to reinforce your introduction.* Give them the link to your web site. Tell them about your newsletter, if you have one. This is the best way to stay in touch on a regular basis.* Schedule follow-up meetings with the people you had a good connection with, or if you think that you can help each other.* Do it again and again. You will see that networking can expand your contacts, which will definitely help grow your business. (c) 2006 Biba F. Pdron

IT Consulting: Steps to a Gradual Business Launch

IT Consulting: Steps to a Gradual Business Launch

In IT consulting, you need a step-by-step plan to launch your practice. There are 21 steps that will take you through the first 90 days of beginning your "IT consulting" business. Preparing for your gradual launch will lower the risk associated with starting a business because you will have already prepared. Step One. Overcome Three of Your WeaknessesPick 3 of your shortcomings to overcome them within the next 90 days. They can be personality, business or technical skills....you choose. For example, you can decide to work on technical skills and pick three products to learn a little more about or get some evaluations units or preview copies. If you want to pick 3 business skills that are weak for you and learn more about them. It could be credit card merchant accounts, negotiating skills, learning to delegate, etc.Don't try to learn everything. Clients will hire you because you know how to get it done. If you don't know the answer, they expect you to find someone who does. Know which vendor or contractor to call who can solve the problem. Step Two: What Size Clients Are Your Best Match?Identify any niches or industry that you may have some experience based on where you did some IT consulting or worked in the field. To narrow down and focus on just one niche, you need to have a substantial amount of experience. You need at least 500 - 1000 people that you can market your IT consulting business to. Only a small percentage of them are going to be receptive to the marketing and an even smaller percentage are going to be the sweet spot clients of yours. First, decide what size clients you are best suited for and then look at how many natural industries you will target for your initial IT consulting marketing. Focus on the sweet spot now and worry about specializing later. Step Three: Pick a Company NamePick a company name that says exactly what you do and makes you unique. If you want to convey a certain geographic area or you want to convey a certain specialty, put it in the name. Bounce the name off some people who can be more objective. Ask them if they can guess what it is that you do from the name. You will save yourself a ton of time and marketing aggravation over the years of your name says that already.Copyright MMI-MMVI, Computer Consulting 101 Blog. All Worldwide Rights Reserved. {Attention Publishers: Live hyperlink in author resource box required for copyright compliance}

What does Success and a Big Hunk-of-Iron, have in common?

SUCCESS is likened to a steam-powered locomotive.That massive hunk of IRON sits there imposingly bold and ready for a successful journey.Coal is the fuel that gets this big hunk of metal traveling at varying speeds.Now the coal can just sit there, with the big Iron steam engine and that's fine, butthe engine goes nowhere.On the other hand, when the coal is shoveled in to the engines', flaming red-hot furnace fire, the goal begins.The engine warmly receives much needed energy and the locomotive begins its journey.The real change comes to play, when the fire burns coal, which creates steam and right on down the mechanicalline, levers and gears immediately get moving and momentum begins.More coal, more steam more momentum.Successfully reaching its destination sooner or, later.The equation to this is; ME/You (Iron Engine) to effectively get to your destination (goal)+Coal (proven information) times the amount(proven information) shoveled in the (brain) engine (read, devoured intellectually) + Fire (overwhelming passion, spirit, unwavering goal) produces the Steam (energy)= mass, reaching a destination(goal). Now ADD the pushing, pulling or pressing the lever or button (action and application ie get off butt and do something) =Goal. Success, money and recognition can be yours in less time than those that completed the brain-busting, back-breaking labor to build the engine.1. Physical person, Engine 2. Coal /fuel (Proven information from professionals that have taken years to accomplish the goal) 3. FIRE (enthusiasm, passion, burning desire) 4. Steam (Power to get out of the comfort zone) 5. Again Me/You (Engine) to set this all into motion by shoveling the coal in and physically getting involved, by pulling the lever (Action) and the engine begins to move on its journey.It beat walking what do you think?U THE LETTER THAT SHOULD HAVE BEEN 1ST IN THE ALPHABET.A letter of our alphabet that is virtually unthought' about and in my opinion the most significant.The letter U, should be pasted on our mirrors while performing your morning rituals, frequently perceived floating in our cups of coffee or tea, seen at busy intersections when traveling about, making decisions, interacting with others and getting things done.Yes It's all up to UDave Powell http://www.SuccessShoppingMall.com

Small Business Networking: Overcoming Client Objections

When you begin talking about a small business networking upgrades, prospects and clients will often dwell on cost. They neglect to consider the soft costs of not properly investing in a network, such as lost employee productivity when imprudent corners are cut, downtime when fault-tolerance is an afterthought, and service costs from computer consultants when difficult-to-support or "dead-end" solutions are selected primarily because of their low price tag.Addressing Client ObjectionsNo matter how thorough your initial consultation, IT audit, site survey and network design reports, some client objections may pop up just before you get the clients authorization to proceed with "small business networking" . One relatively minor concern might threaten to derail the entire sale, so you need to know how to overcome some of the biggest small business networking deal-closing obstacles.Empowered with these strategies, youll be much less apt to get emotional, defensive, or just plain annoyed. You can then stay focused on keeping your eye on the ball and figuring out the best way to solve the prospects or future clients problems - and of course, close the small business networking sale. Remember, your company isnt in business to solve prospects problems; only those of paying clients. Overcoming ApathyIf the decision-makers have an apathetic outlook toward the prospect of implementing small business networking, your decision-makers might take weeks, months, or perhaps even years before feeling a sense of urgency about your proposed network project. However, once you discover the roots of this apathy, youll have a better opportunity to push (or at least nudge) the approval process along.The Bottom Line about Small Business NetworkingSituations like catastrophic data loss, (though horrible tragedies for those affected) are great motivators for combating apathy. All of a sudden, the small business owner becomes extremely receptive to your suggestions about your proposed small business networking solution, which of course, features centralized security and data protection.Copyright MMI-MMVI, Small Biz Tech Talk. All Worldwide Rights Reserved. {Attention Publishers: Live hyperlink in author resource box required for copyright compliance}

Summary

The ability to conduct meetings over the Internet opens up many new opportunities for the small businessman or woman. The ability to market products and services worldwide have never been better.