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Showing posts from July, 2008

OVERVIEW OF THE FOREIGN EXCHANGE

The foreign exchange market is a platform where the currency of one country could be converted in to that of another country. The exchange rate determines the ratio at which one currency is converted into another currency. The foreign exchange market is one of the most dynamic forces in international business and enables investors to undertake foreign investments worldwide. Without it, international trade and investment on the magnitude we experience today would not be possible. Many international traders use the foreign exchange market to invest for short terms in money markets. Currency speculation is the short-term exchange of funds from one currency to another in anticipation of movements in exchange rates. The rate of return it earns on this investment depends not only on the specific country's interest rate, but also the changes in the value of the concerned currencies in the intervening period. Operating in the foreign exchange market is an ongoing challenge for the Entrepre

BUSINESS OPP AND TRADE IN CHINA

Companies, both local and foreign are itching their way into Chinese markets, either looking for business opportunities or to expand their business operation in China since its winning of the Olympic bids for 2008, World Expo 2010 and accession to the WTO, China has been the fastest-growing nation for the past quarter of a century with an average annual GDP growth rate in excess of 10%. Per capita income has grown at an average annual rate of more than 8% over the last three decades. China saw its export and import volume in service trade (excluding government service) stood at US$ 250.91 billion in 2007,an increase of over 30% from the previous year as according to its the Ministry of Commerce (MOC) report in June 2008. China as the second largest economy in the world after the US, with a GDP of over US$7 trillion (2007) when measured on a purchasing power parity (PPP) basis. In November 2007, it became the third largest in the world after the US and Japan with a nominal GDP of US$3.4

STEPS TO STARTING AN AUTO REPAIR WORKSHOP

1) First as with any business write a business plan. Business that do not write a business plan usually fail you must know what you expect for the business. Where is it headed? Will you some day have a franchise or will you only have one location? What type of advertising should you do? How much will it cost for shop equipment employees tools lifts ect. You must write a plan to know where you are headed. You would not plan a trip with out looking at a map would you? Make sure to map out your business to see future plans. 2) Register for a business license: Call your local SBA they are the best place to start they can tell you about loans, free publications and so much more. You must register your business with the local city hall call the court house to find out what licenses you will need as they vary from state to state. In my county you do not need a fictitious name if the business is your name such as David's Car Repair but if you want Elite Car Repair you must file with the st

HOW TO START A GREETING CARD BUSINESS ONLINE

Greeting card business websites are usually lacking one major component that keeps them from becoming as successful as they could be when starting a greeting card business. The component is traffic to their website. Before starting a greeting card business, read this article so you don't fall for the biggest mistakes owners are making online. You are about to discover the ways to overcome this major issue and have a fun and profitable home based greeting card business in no time. Also, there is a free ecourse below that shows you how starting a greeting card business can be very profitable. Now for the tips. 1) Articles One of the easiest ways to get traffic to your website is to write articles about your niche. Before you write an article though, you need to do some keyword research and see what people are typing in the search engines. This way you are not wasting your time writing articles that nobody even cares about. Article marketing in the greeting card business can pay off v

WAYS TO AVOID FAILURE IN SMALL BUSINESSES

Nearly 90 percent of people state that at some point in their lives they've dreamed of starting their own business, yet few make the initial effort. Often it's due to lack of funds or personal commitment, or just the fear of failing. And although it's true that only about ten percent of new businesses do succeed, the reasons why the other 90 percent fail appears to be related to the lack of planning, primarily financial. Starting your business on the home front is one way to reduce start-up expense and risk. The founder of Dell Computers was a college dropout. Starting out of his garage, he managed to excel above all of the world's top computer manufacturers. One in three computers sold today is a Dell. Business start-up and general business operations can be expensive. Things such as commercial space rent, utilities, and added insurance costs can consume a great portion of business profits. Obviously, the less expenditures each month equals more in pocket income. Keepi

RUNNING A RESTAURANT KITCHEN

Dishwasher: It's hard to relish a simply heavenly gourmet meal in an invidiously stained platter or worse, with dirty forks and spoons. The purely physical job of washing dishes is really thankless, but it's also the most important one in the kitchen. Motivation is the key while dealing with the staff involved in this clearly unattractive task. Most chefs have, in fact, made it big from the washing area. Speedy promotions can make all the difference in the employer's attitude. Preparation cooks: The foundation of the kitchen is based on the manner in which the food is prepared. So the people that are involved in this spade work require more than a standing ovation. From chopping cabbage to making soups and kneading dough, they are always in the thick of things. Make sure they have thorough knowledge of everything, from the store to the operation of the grill and fryer. Line cooks: They get into the act at different cooking stations that use a plethora of cooking techniqu

TIPS FOR GROWING YOUR BUSINESSES

Here are some of the practical ways that you can help your small business 1) Hire Great Employees When you look for business partners, managers, or any other employee that will have a significant impact on your business, make sure that you find really good ones. If the potential employees aren't perfect than don't hire them. It is much easier to turn down one employee, and hire a new one, than it is to fire one, and then hire a new one. 2) Become a Great Leader In Good to Great they describe something called a level 5 leader. Essentially a level 5 leader is a person who has high will power, and humility. The other characteristic of a "level 5 leader" is that they have a great care for the companies success. They are highly ambitious people, however, there ambition is mainly used for the companies success. In every "Great" Company, there was a "level 5 leader" at the top. If you are the owner of the business, a manager, or otherwise important employ

BEGINNERS GUIDE TO STARTING A BUSINESS

The first thing you need to do is register your business as a company. I don't recommend registering your business as a corporation because it takes a lot of paperwork. But rather, register your business as a LLC. (Much cheaper and less paper work). You can register your LLC at your local city hall for $100 (price depends on your country/state) The next thing you need to do is find a product or service to sell. If you already have your own product or business, then great. If you don't, that is okay too. The easiest way to start making money with a small business is to find a popular product and become a independent distributor. Basically what you do is you buy the products in small bulks (like, it would cost you less then $200 dollars), and then resell it at a higher price for profit. You can easily do this out of your home. Another way to make money with your business is to provide a service such as fixing computers at home, lawn care service, computer help for old folks, or s

STEP BY STEP ON HOW YOU CAN MAKE MONEY FROM CHEAP GARAGE SALE

Buying cheap garage items not only can let you find great treasures for your own home but also can earn you some money by reselling it with or without re-processing from your part. You can either drive to any neighborhood in your county or town during your free time and you sure to some really nice garage sales scattered around. A lot of these homeowners are spending their free time making money just purely by reselling garage items. An average profit is bout $1000 from just a one-weekend garage sale. Think about it. Before you start your garage sale business, do remember one thing, organization is the main / key for a successful garage sale of your own. Below is the 4 simple steps for your garage business to start going. 1) Check with the local officials to see whether the local laws and regulations in your area is allowing operating of garage sales in your area. 2) Now you have to do some research and some homework. This is how you are going to do it. Spend some time going to garage