Dec 13

Beauty Salon Business Plan Cash Flow Decisions

Creating a business plan for your beauty salon presents the perfect opportunity for you to create a functioning cash flow statement (sometimes called the statement of cash flows). This will allow you to make key decisions about cash flow going forward.

Creating the Cash Flow Statement

It is highly recommended to start with an Excel template or financial model example of some kind for your salons cash flow statement. It need not be an model specifically tailored towards a beauty salon, but should be for a similar business (i.e., one that makes revenues through services and product sales, pays rent for a location, etc) so that minimal customization is required. Starting with a template can save a great deal of time in the creation of the cash flow statement.

Three Sections of a Cash Flow Statement

The cash flow statement will describe cash inflows and outflows in three areas: operating activities, investing activities, and financing activities.

Operating activities include cash brought in from customers in the form of sales and cash paid out for operating expenses. This will generally represent the highest inflows and outflows on the cash flow statement and should result in a positive number each month for a profitable company.

Investing activities do not mean the companys purchase of stocks or bonds (although this kind of rare activity would be included here). They are generally activities where the salon invests in itself. Whenever a capital purchase of an asset is made (equipment, leasehold improvements to the salon, furniture, etc.) the payments made will represent a cash outflow. If these assets are ever sold off, the money brought in will represent a cash inflow here. Generally, a functioning company will have negative cash flow in the investing area.

Financing activities are related to

Dec 10

Importance Of Telephone Systems In Business World

One of the greatest inventions of the modern age is the invention of the telephone. This invention completely revolutionized the way people communicated with each other. It got completely changed and this invention continued to influence the farther developments made in the field of communication technology. In the present age, telephones have almost become indispensable for any person whether for personal or professional use. Nowadays, nobody can think of doing business without a telephone system providing assistance. In fact, business telephone systems have become the main means of communication amongst different companies and organizations.

Much depends upon the telephone system for a business to run its operations smoothly. In fact, these telephone systems have become the lifeblood of every business, whether large or small. To survive in today’s fast-paced business world, it would be very difficult for any business to survive unless it adopts the latest innovations of the communication technology. An effective business telephone system facilitates proper communication among the staff of a company as well as with its customers, which is undertaken in a highly professional way.

Business telephone systems are generally more complex and have more features than the phones used for personal communication. Although, both of these systems look similar, these business phone systems deliver much higher performance as regards business operation is concerned. But, the operational requirement would differ from business to business and would cater towards specific needs of an organization. These business telephone systems are available in different sizes catering to the needs of all types of enterprise, whether large or small. There are consultants available to assess the exact needs of an organization as far as its communication needs are concerned.

Present day business telephone systems have many advanced features that enable the business to improve its operational efficiency. For example, the

Dec 10

Mukesh Ambani The Man In The House Of Business

Mukesh Ambani, was born to Kokilaben and Dhribhai Ambani on 19th April 1957. Little did one now back then that this small baby playing in the outstretched arms of his loving parents would eventually be the global representative of Indian business. Currently, Mukesh Ambani is the Chairman and managing director of the largest private sector enterprise in India. Reliance Industries, which has been included in the list of fortune 500 companies.
Reliance was started by Dhirajlal Hirachand Ambani, more popularly known as Dhirubhai Ambani. The story of Dhirubhai is nothing short of a rags to riches story. He was a man of great caliber and had unmatched business acumen. This is the reason why he is till date known as the polyester prince of India. Soon he went on to create Reliance Industries Limited which is now handled by his son Mukesh.
Since Mukesh Ambani took over the family business, the company has only grown by leaps and bounds. This has made Mukesh Ambani one of the most popular and successful entrepreneurs of recent times. His company reliance Industries also contains a horde of subsidiaries, the most popular of which is Reliance Retail.
Mukesh Ambani is married to Nita Ambani. Nita Ambani runs the Dhirubhai Ambani International School which is one of the premier institutes for learning in India. This is just one of the many areas of responsibilities that have been bestowed upon her.
Mukesh Ambani is the business role model for young Indians. It is for these young minds of India that Mukesh Ambani has come up with a new book where he will pen down is thoughts and business philosophies for the world to understand the intricacies of business and be more informed about his journey in Reliance.
Reliance Industries have also

Dec 07

Steps To Add Baby Lulu Clothing In Your Business

Baby Lulu clothing is a fashionably line of children’s clothing specializing in bold colors, creative textures, and feminine fabrics started on 1992. The popular Baby Lulu clothing is designed by Erin Murphy who shows her passion on sewing clothes at her early childhood. Murphy decided to make a special gear for her pet frog at the age of four. And by the age of ten, Murphy was already making clothes for her relatives and pretty soon, Murphy was able to establish her own. Today, many high-end retailers, such as Nordstrom and Neiman Marcus, carry Baby Lulu brand clothing. Also smaller boutiques are interested in selling this popular line of girls’ and boys’ clothing.

So, if you are one of those business minded person who is also interested to sell Baby Lulu in a privately owned or chain boutique, well, this article is just right for you to read. In order to this, of course,you will need to have proof of business ownership and contact the customer service representatives at Baby Lulu.Here are the enumerated steps you can also follow to add Baby Lulu clothing for your boutique Store.

First, contact the Baby Lulu’s customer service department for your request to add Baby Lulu brand clothing to your boutique’s clothing selections at 323-485-5858. Please be reminded to call only between 9 a.m. to 5 p.m., only during business hours or you may also send an e-mail message at [emailprotected] According to Manta, Baby Lulu produces yearly revenue of up to $1 million.

Then, you have to provide your business license number, state of operation and sales tax information/permit in your correspondence or in your conversation with the customer service representative. According to Cupcake Directory’s Designer Showcase, the volume of orders Baby Lulu processes is huge.

Ask for a physical address

Dec 06

Executive Coaching-Benefits in Business

Executives play important roles in any organization. They are the segment that may not always take important decisions regarding company policies, business processes and others but help the higher authorities in making all their plans successful. Executive Coaching is mandatory to reduce the loads of the managers and also for the better productivity of the company. Executive Training is important because there is usually a dearth of trained managers. For the companies, it is very difficult to recruit qualified managers and retain them; that’s why, companies are giving importance to Executive Development Program Tulsa to identify talented employees and get them trained through a systematic development program so that executives could have required skills to meet the future demands of the organization.

Technological as well as social changes are taking place very rapidly and it is imperative for the companies to have executive talent so that they can cope with these developments. Through the Executive Coaching programs, executives are able to cope up with the changes that are brought by the factors like automation, government controls, tough market competition, labor awakening etc. every company needs a trained team of troubleshooters to tackle difficult situations and at the same time, professionals are required to lead a team of workers to complete an assigned task on time. The company has to take preventive measures to ensure it is not falling behind the competition just because of the shortage of qualified, motivated and experienced leaders. Leaders are responsible for transforming the path of growth into potential ways leading to success.

Executive trainings can be on-board or off-board. There are various ways using which executives are given training while they are on duty. Executives could be given training for a specific job or generalized work skills. For a new executive or a

Dec 05

Can A Recording Studio Business Be Profitable Today

Why would you want to have your own recording studio? To build a career and business by renting it out to others or to have their own private studio to use when and how they please.

Of course, one could set up such a studio and do both of these things with it. Personally I use my home studio exclusively for personal use but do have several musician friends who started this sway and have decided to make it a full-time money making business.

Starting a recording studio is a really good idea but to make it successful you’ll need to follow a solid business model. While this isn’t very complicated for anyone with the desire to do it, the right plan and business model should be in place for success.

If you don’t understand the business part of it you can do all the technical stuff all day long and not be able to make any money at it. The savvy person can turn it into a money making business by using the proper know-how with only half the technical knowledge.


A lot of people think that if there is lots of competition they have no chance. Lots of competition means lots of opportunities. Plenty of competition ensures a market will thrive.

In the world of music: bands, songwriters, singers, musicians there is always a never ending supply of potential customers for a good recording studio. It’s true that many are now making their own home studio but most of these setups are not and never will be a professional quality studio, meaning they will still be taking their home productions to be finished at a better studio than the one they have at home.

How Much?

Let’s face it, it wasn’t that long ago that you couldn’t

Dec 05

The Tenets Of Good Business Sign Design

Designing a business sign is quite simple really, but designing a really good business sign does require thought, skill and knowledge. There are a few things to remember when designing your sign:

Don’t forget to put your business logo on the sign. This might sound a little bit obvious, but it’s surprising how many people forget! The logo also needs to be proportional to the rest of the business sign. A good place for the logo is in one of the top corners of the sign, or close to your business name, if the name is not incorporated into the logo.

The name of your business needs to be clearly visible on the sign. Some fonts might look classy but are not actually easy to read, so keep that in mind when deciding upon the font for your business sign. Potential customers need to be able to see your company name clearly, that’s the whole point of the sign!

Your business sign needs to make a great impression because it’s often the first impression that you will make on potential new customers – make it a good one!

The addition of pictures can help to make your sign stand out. For example, car dealerships could add a picture of a car, real estate agents may add a house, and those offering professional services could include photographs of themselves or their business associates on the business sign. It all helps to create that all important good first impression and stay in the memory of your potential clients.

Don’t make your sign too “wordy.” It’s much better to have short description of your business just below the business name. This information should be included in a font smaller than the business name, yet still visible enough for easy

Dec 04

Business Thank You Letter

Writing a business thank you letter is the right way to acknowledge the recipient. Let us understand some of the points such as, what impact does the business thank you letter create on the recipient? What are types of business thank you letters? Whom should you write business thank you letter? In the world of excellence today, you should be very good at communication. A business thank you letter is an effective way to communicate with the prospective client, the valued customer, your subordinate or management. It shows the presence of mind, that you acknowledge the things and appreciate or communicated as per what is expected.

When can you send the Business thank you letter? Business thank you letters are sent in various situations to various people. Some of the examples are listed below:
If you have requested the supplier to send the quotation or proposal for particular works order, write a thank you letter to the supplier for sending the proposal. Assure the supplier that you will definitely think over the offer and communicate accordingly
You can write the business thank you letter to your subordinates if they have met the deadlines, or contributed to great extent for the organizational growth. It will be the golden opportunity to motivate your subordinates. As a leader, at times you communicate to the subordinates if something goes wrong from work point of view. Similarly you should appreciate and congratulate the subordinate for his/her achievements too
As a supplier if you are getting continuous orders from a particular client, write a business thank you letter for the extended support. Assure the client that you will deliver the best services as far as timely completion and quality is concerned
The management hires training professionals for the benefit of the

Dec 04

How To Start A Bookkeeping Business, Client Satisfaction Tips

If you are thinking about starting a bookkeeping business, or you are a bookkeeper who suddenly finds yourself with a client there are a number of questions to ask prior to accepting the job. Additionally these questions will assist in creating a successful client relationship which will in turn develop your business.

Bookkeeping is a service based business which relies on positive client relationships to assist in creating a successful business. Most relationships need good communication skills to be productive and work effectively. The same can be said for the relationships you form with your clients. If you can communicate well with your clients you can build long term happy clients.

It is very important to ensure you have open communication in the early stages so both you and the client understand what each person expects from the relationship. If your client wants their work done in a week, but you have put them in your diary to have the work done in a month, this is a clear example of poor communication which will result in an unhappy client as their expectations will not have been met.

Prior to undertaking the work it is important to be clear exactly what the client needs, when they need it by and if you can deliver according to their needs. If is also important to be sure you have the right tools to undertake their work to be able to meet the timeframes discussed. For example, do you have access to their data files? If so, can you access prior data?

Another important question to ask the client is when do they have time available to answer your queries about their source documentation? There is no point having mountains of paperwork if you cant enter any of it as the person is

Dec 03

Work From Home Business Why Is Teamwork So Important

Teamwork is becoming an important part of building a profitable work from home business. Because so many husbands, wives and kids work together on their home business this is something you need to do..

You are going to be taking time away from your family whenever you take on something new. Many Internet businesses fail when a husband works online and the wife becomes resentful of the time he is spending away from the family.

Many women would like to start a home business of their own, but have a hard time doing it because their kids want 100% of the attention. In this case the actual reason that you might be starting a business to spend more time with your family can end up taking you away from it.

One big advantage today is people can build Internet businesses part-time. Even some of the old standby home business opportunities such as Amway, Tupperware, Avon, and so on, can be run online.

This means even when you’re not working your business is still open 24 hours a day. You can even duplicate your efforts by getting your family and letting them help you build your business.

For example if you have teenagers kids they can write blog blog to drive search engine traffic to your website. You could even pay them to write articles so they are earning their own spending money and you get a tax deduction for it.

Multilevel marketing businesses have become very popular online and are another example of teamwork that can make your business more successful. One spouse can work on driving traffic to landing pages while the other one follows up by autoresponder and telephone with an interested prospects.

One of the real tricks of building a successful work from home business is establishing

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