On the Formation of a Business

This is not a how-to guide, more a study in the beginnings of a business.

How does a business start? How does it grow? What drives some to succeed and some to fail?

What is a business?

We all understand what a business is, but how is it defined?

A search among different sources will give you a range of different definitions. Chambers dictionary list it as defined below:

business noun 1 the buying and selling of goods and services.

This highlights the common theme among all the definitions, buying and selling. It doesn’t matter what the end product of the company is or what service it is that they supply what matters is that someone wants to buy it.

The aim of any business, no matter how lofty a mission statement they may purport to follow, is to make money. They need to provide something that other businesses or customers will part with money to have access to. It’s important to remember that not all businesses will have the aim of a profit. A charity can be run as a business, they may give away all the money they receive or spend it on helping others, but they still need to be able to have that income stream to be able to operate.

How Does it Start?

I’m not going to get into depth about the formation of a business in a legislative sense, whether a limited company, partnership or group, that information is for another time. I want to focus on the concept of a business itself.

A business always starts in the same place. With an idea.

This idea must have a market value. Without a market value the idea is just that, an idea. The market value is the amount that people would be willing to pay for your idea, whether a physical product or an intangible service, it must have value.

These ideas can come from anything. Many come from people already working in an industry seeing a specific gap in the market that they could fill. Some come from the archetypal inventor, creating in his garden shed something that the world has never seen before. Many of them will leave you with the same reaction, “Why didn’t I think of that?”

From Idea to Business?

The hardest part of the business is this part. How to get your wonder product or idea from your thoughts to existence and profit?

This is the key part that can make all the difference between a successful business and a failure. Research. The successful businesses know that they will make a profit before they even start, it may be several years down the line but they know it will work.

Finding out the target market, the competition, the price points, the costs incurred to provide the service or product, advertising, overheads and working out margins to produce a profit without pricing yourself out of the market. All of these things need to be done and done well before even beginning the process of setting up a functional business.

This is why creditors or investors would require a full business plan before helping a business start up, no matter how good the idea itself is. Getting that idea to a functional point requires an enormous amount of effort and dedication.

Business Formation

The plan is in place. The profits are mapped and there’s even a lovely graph to show exactly when they will occur and how much they are expected to be.

The next step is where your investors come in, it requires an outlay to get a business up and running.

Whether it’s a small outlay, the renting of an office and copyrighting your company name, or whether it’s enormous, building a factory to produce your product while employing and training all the staff to operate it, the crux is the same, you will need some investment.

Many small businesses start with just their founders savings to set up, and this is often enough, while others will turn to banks for business loans.

This is going to be the most expensive period your business will ever see, there is always a period of investment before any return can be made. Once the returns begin coming in then further growth is possible but before any profit comes the initial investment.

Business Operation

The first aim for any new company is stability. Getting the business to a point where it is not losing any money. Obviously every company will be aiming for a profit as quickly as possible, but stability is more important.

A bumper period in a new business can lead to extra growth and outlay that the business cannot support and a quieter period following this can lead directly into financial difficulties.

Reaching a stable point means that there is the time to consider future growth and new strategies, without the pressure of knowing that every moment wasted means money lost. Only from this secure position can the appropriate decisions be made for the future.

From Business to Success

There is a certain mystique around the growth of those enormous corporations, the stories of Apple or Google starting in a garage and Facebook from a student bedroom. It is definite that a certain amount of luck is required but it is just as certain that no business can grow to that scale on luck alone.

There is one defining feature of all successful companies and that is that the right decisions were made. Time and again, those in charge of the company have made the right choice in regard to growth, the right choice in regard to competition and the right choice in regard to investment. Not everything they’ve done has always been a success but due to their structure and planning they are in a place to be able to cope with this.

Financially Savvy Kids – Tips on Sharing Financial Literacy Lessons

For many families, kids and money don’t mix well because they were never taught proper money management. However, kids and teens today must be taught practical money management skills in order to live a more rewarding life.The concept of ‘kids and money’ raises many questions for parents that want to teach their kids about money management. Many parents don’t realize that the majority of schools lack a class that gives students a practical financial education. Many more parents feel about as comfortable having the ‘birds and bee talk’ and they do having the ‘kids and money’ talk. It’s no wonder recent studies show that more parents talk to their kids about sex rather than money.This article will guide you in developing your own “Money Talk” to have with your children. Most people recognize the importance of teaching kids about money, yet so many fail to do so. A big part of the reason is because most parents don’t know where to start. Follow the tips below when you have your ‘kids and money talk’,

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1) Practical: Focus your ‘kids and money talk’ on the practical application of the subject rather than theory, history, definitions and other less usable information. They can pick up theory overtime; First, teach them how they can apply practical money skills to their life.2) Story: Stories are an excellent way to teach kids about money and make the learning process fun. Sharing personal stories help you to truly connect with them and relate to them on a memorable level. If you’re not comfortable sharing your own stories, third party stories are great as well.3) Relax: You ‘kids and money talk’ does not need to be stressful. Realize that you are there with good intentions to give the participants information that will change their lives. Breath, have fun and understand the presentation does not have to be perfect.4) Content: Make sure your content is relevant, up-to-date and is something that your kids can relate to. You can get quality financial education tips from organizations like the National Youth Financial Educators Council and other quality organizations. Times are changing faster than ever before so always seek out up-to-date stories and topics that your students can relate to.5) Prepared: Before having your ‘kids and money talk’ be prepared and practice your presentation. Focus on money lessons which motivate, educate, and engage your children as well as inspire them to take action.It is much more effective to begin teaching your children how to handle their money their money from the time they are young rather than waiting until they are teenagers. Teach them money is exchanged for work by having them complete various household tasks in exchange for “pay.”. Of course, this doesn’t have to be a large sum of money, and in fact, it shouldn’t be. It should only serve as an incentive to teach them responsibility and reward.

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If you do teach your children to respect money as well as themselves, then they shouldn’t have a problem when they become adults. For one thing, they will know that money doesn’t grow on trees, as the old adage goes. It more often than not requires effort to earn money.In teaching kids about money, you should encourage them to have different piggy banks for different uses. For instance, one piggy bank could easily be their spending money for chewing gum and other little items. A second piggy bank, could be used for them to save money for a larger items they may want to purchase. For example, they may want an electronic game that they will have to save money on their own, in order to acquire. Another for money they want to donate. And finally, they must be encouraged to have a real savings accounts or piggy bank. This is money they are not to access.Purpose to discuss money with your children. It is a conversation that will help them their entire life.

The Energy Healing Power of Natural Medicine

Natural medicine is a system that uses a variety of therapeutic or preventive health care practices such as homeopathy, naturopathy, chiropractic, and herbal medicine. Alternative medicine is also known as traditional, naturopathic, natural or holistic medicine. Proponents of alternative medicine are not refuting the validity of discoveries in and the practical uses of conventional medicine, but are merely trying to put some things into perspective. Due to the widespread interest in natural medicine along with the disappointment and disenchantment with Western medicine, many people, especially in the United States and Europe, where conventional medicine has taken a dominant foothold, are seeking the advice and treatment from naturopathic physicians. These practitioners include herbalists, acupuncturists, naturopaths, chiropractors, and others, who advocate preventative health measures as well as recommend wholesome foods and nutritional supplements for their patients and clients. Considering the growing popularity and effectiveness of alternative health treatments and products, certified and licensed professional practitioners of such medical practices should be given their rightful and respectful place in medical society. Natural medicine has been proven not only to be safe, but more effective than Western medicine in treating many chronic illnesses such as diabetes, hypertension, asthma and many other diseases as well

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The history of Natural Medicine and its roots can be traced back thousands of years to ancient cultures such as India and China. Ayurvedic (E. Indian) and Chinese medicine, along with their diagnostic and herbal systems, are still used in these countries extensively, as well as in the United States, especially in Europe, where alternative medicine is well respected. Chinese herbal medicine has a documented history of over 2500 years in China, and is now widely used by practitioners all over the world. It has been legally practiced in the United States. since the mid seventies by licensed acupuncturists. Homeopathy is also a well-known form of alternative medicine discovered in the 18th century by German physician Samuel Hahnemann, but was practically stamped out in the U.S. in the late nineteenth century by the American Medical Association. In 1938, though, the U.S. Food, Drug, and Cosmetic Act finally recognized homeopathic pharmacopoeia as the legal equivalent of allopathic medicine.Another more contemporary and popular form of herbal medicine, called Western herbalism, can be traced back about two hundred years in America. Samuel Thomson, born in 1769, is considered the father of Western herbalism. He discovered over sixty different medically effective native plants by clinical testing, and on the basis of these findings, devised a theory of disease and botanical drug action. Randy Kidu, D.V.M., Ph.D., writes in his articled entitled A Brief History of Alternative Medicine: “The history of herbal medicine is interesting because herbs have been a part of our diet and pharmacy since man began roaming the earth. Coprophytic evidence (seeds and other plant part(found in preserved fecal pellets) points to herbal use by cavemen. Early herbalists practiced their trade since before recorded history in all parts of the world including China, Egypt, Greece, Rome, Africa, England, the Americas, and Europe. Many herbs are also mentioned in the Bible. Today, based on sheer numbers of folks who use one form of herbal medicine or another, it remains the most-used medicine worldwide.”Twenty-five hundred years after the advent of allopathic medicine, modern medicine is still grappling with the idea that herbal medicine could be an effective treatment, and not just quackery, although thousands of years of recorded history has proved its efficacy. A new model of understanding in medicine needs to be incorporated into the existing allopathic model. Because of the growing popularity and effectiveness of natural medicine, practitioners may eventually be given their deserved place in medical society. The incorporation of natural medical practices into the existing model of conventional Western medicine, including the training of new medical doctors, is now called Complimentary Medicine. In order to solve our health problems, this modern paradigm for treatment in medicine must be promoted. This can only truly emerge when bias, self-interest, greed and discrimination is discarded and diverse medical knowledge is promoted and shared, not only between university trained scientists and medical doctors, but among Alternative Medicine practitioners, philosophers, metaphysicians, and other intelligentsia of society as well.

Skip The Lines – Bring The Amusement Park Right To Your Own Back Yard

There’s no shortage of things to do in Atlanta. From professional sports to amusement parks, there’s something for everyone. In fact, Atlanta is proud to house some of the nations largest amusement attractions, including the ever popular Six Flags Over Georgia. Children (and adults) love the thrill and adrenaline rush of the large roller coasters. However, one thing most people don’t like about amusement parks is the long lines. By the time it’s all said and done, you can spend several hundred dollars for your family to have an afternoon of fun, and only get a few rides in. This year, instead of spending the day waiting in long lines for short rides, why not bring the fun right to your back yard? With today’s technology, you can literally do just that! One of the advantages of living in a large city like Atlanta is that we have large rental companies that can make your special event feel just like a trip to Six Flags… complete with a train and an ice cream cart!

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If you’re trying to replicate the amusement park feel, there are definitely specific items that you’ll want to be on the lookout for. As mentioned previously, ice cream carts and trackless trains help make the special event feel more like a day at Six Flags.In order to make your next special event more special, try some of the following tips:

Head online to do some research on the party rental company that has the selection your looking for. If you want an ice cream cart to complete your theme park adventure, look around until you find what you’re looking for.

Don’t settle for the first website you see. There are literally hundreds of inflatable party rental companies in Atlanta. Keep looking for a website that offers a wide variety of rental items that you’re looking for.

It’s better to rent everything from one company. Renting in bulk can help you save money. Larger companies will offer discounts for larger purchases of multiple units and rental items.

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Having a day of amusement park fun is cheaper and easier than ever before. By bringing the amusement park to your front door by using a party rental industry, you can include more people at a lower price. So next time you’re planning a special day, instead of spending tons of money for just a few people and braving the long lines of amusement parks, invite the whole neighborhood and bring the amusement park right to your own back yard!