Tuesday, November 20, 2012

Business Operating Cost & Cashflow - How To Manage Business Operating Capital

Operating expenses are those costs every business has that are not considered directly related to a company's first line of business. Operating costs include sales and marketing, research and development (R&D), and administrative costs.

Investors want to make sure management is doing the best job it can keeping these costs in control. Operating expenses are available on the financial statements that every publicly traded company files with the SEC.

Management also must do a good job turning a profit with its own operations. That means the costs associated with cost of goods sold (COGS), etc. must generate more than those costs. If not, well, the company must be in the wrong line of business. Companies should never be operating at a loss. If a company is operating at a loss exactly why needs to be interpreted by the prospective investor

Operating margins represent the direct relationship between sales revenue and operating income. The operating margin of a firm is the operating income divided by net sales. It shows how much gross profit a company generates before taxes.

Well-managed companies should increase these margins from year to year. The higher these margins are the more profits are available to return to shareholders investing in the company. Operating margins can be a useful tool when comparing two prospective stocks that compete within the same market.

Higher operating margins represent a company in a better position to generate income. For example, a company with a lower operating margin than a competitor in its market will have less flexibility in determining prices. It's competitor with higher profit margins will know this about it's competitor and can "go for the jugular" by slashing prices and stealing market share.

Advantages of Using SugarCRM Software in Managing Business Data

It is often seen that many organizations face difficulty in man`ging the records of their business clients as well as customers and hence, lag behind to operate their business processes in an organized manner. If you are running an organization and are looking for solutions to systematize your business processes with minimal effort, then choosing SugarCRM software to manage your data will help you to accelerate your business potential.

SugarCRM is open source Customer Relationship Management software which enables an enterprise to meet all the CRM needs for better functioning of the business. It is a software solution designed to manage and monitor customer information, sales leads, clients' requests and lots more associated with the sales and marketing department within an organization. It is available in both free and commercial editions. Unlike the free version, the commercial version provides additional functionalities, such as integration with Microsoft Outlook, multiple deployment options, offline client synchronization etc and stands ideal for organizations dealing with large number of clients.

Let's take a look at the following advantages of using SugarCRM software and update your business with powerful customer relationship management system:

* Sales team can update information about number of leads received, marketing campaign, meeting, sales opportunity, contact details etc into the system, quickly and easily. * Authorized users can access the system from anywhere and at anytime, which supports Java-enabled web browser. * Helps to collaborate with sales team and customers for effective business functioning. * Allows creation of multiple accounts for multiple numbers of clients within a common platform. * Enables management team in guiding sales team with new business opportunities. * Allows customization of dashboard as per the specific requirement of the organization. * Provides real-time views of sales leads and multiple marketing campaigns and helps to make on-time managerial decisions.

After having brief idea about SugarCRM software, if you want to implement it into your marketing practices, then consider taking support from a skilled SugarCRM developer. A few certified software development companies are known to offer customized software solution at affordable prices. They are known to provide dedicated SugarCRM development team, who are able to provide on-time services to their clients. You can consider outsourcing CRM projects to those companies that can provide quality software solutions within your limited time and budget.

SugarCRM software is simply a great way to run businesses in an organized manner. Contact experienced developers to get CRM software development services for your enterprise.

How IMB Manager Software Can Help You In Managing Business Mails

Do you often have to send business mails to your customers/clients? Then investing in high quality Intelligent Mail Barcode (IMB) management software can definitely help you. Apart from ensuring that your business mails are protected from mail fraud, using an IMB code in each of your mails will also increase credibilhty of your business to your customers.

However, when you set out to invest in IMB management software, you are likely to be overwhelmed due to the huge number of choices available in the market. Here are some pointers that should help you to make the right decision:

1.Look for software tools that can automatically create the three types of Intelligent Mail Serial Numbers (i.e., Barcode ID, Service Type ID, and Mailer ID), all of which should always be unique in nature. The database where these codes will be stored should be automatically created by the software. Also, every unique serial number only stays valid up to 45 days from the date of creation. The software should track that too, and automatically archive expired codes in a separate database, so that those do not get assigned to any new mails.

2.It is quite likely that you would be dealing with multiple mail IDs, created in accordance with the different aspects of your business. For instance, you may be using separate mail IDs for sending promotional material and for delivering products to customers. For this reason, the software should be able to manage multiple mail IDs, and generate unique codes for each of those IDs, as and when required.

3.The user interface needs to be easy to work with, even for employees who are lacking in technical expertise. The data fields should have self-explanatory names that are understandable even for laymen. It is even better if the interface is accessible from remote locations via internet. That way, your employees will be able to work from anywhere, as long as they have access to a working computer and an internet connection.

4.The software should be able to save and print reports about mail IDs that have been created and archived. This will give you another way of archiving used codes and also help in preparing reports quickly.

Always carry out some research before investing in IMB management software. You are likely to come across good quality software applications that way. For starters, check out the IMB manager manufactured by Anchor Software. Your search for the perfect IMB management software is bound to end right there.

Managing Business Teamwork

When building teams within a company, you need to build them appropriately with the right team members. It is important to consider personalities, skills, and productivity when forming teams. Training should be provided by the manager on systematic methods so the team has the ability to focus on the project and know how to work together well. This will allow the group to work together to solve real issues in the workplace and improve business processes.

Departmental meetings need to be held so the progress of a project can be reviewed. The manager has a responsibility with business teamwork to determine if the group has a healthy relationship or if not everyone is getting along. Meetings will give the manager an opportunity to recognize progress and if the team is working well together. If there are personality issues or conflicts, they can be resolved quickly or teams can be reorganized. Meetings allow a manager to help the team approach issues for the project.

Building fun with business teamwork is important, especially if the group is working on a difficult project that requires some serious brainwork. People tend to get frustrated on big projects. Create a fun environment so all of the people feel involved and appreciated by management and their team members. This might include a company luncheon, a business trip, or even a team retreat at a ski resort.

Icebreakers are a great way to get employees started for the day in a business teamwork environment. Icebreakers are helpful at the beginning of meetings, in the mornings, and group activities. Icebreakers create a personal relationship with management and they promote interaction among team members. This allows people to get to know each other personally and employees enjoy it.

Success should be celebrated. Business teamwork requires recognition of an accomplished project or employees will not feel appreciated. It is always best to provide constructive group praise and not just individual praise. Don't recognize the project manager alone but the entire team as a whole for a project well done. When everyone feels they are an important factor in the success of a project, they will be motivated to work on the next one.

Hard Work is Bad Management - Business, Relationship, Self

Hard Work is Bad Management Article 6.

Hard work is bad management not only relates to business. It is totally true in relationship and self health. If it's hard work, meaning stressful, long hours, not enjoyable, tiring or boring, then it's time for change. Big change. Because bad management destroys things.

3 keys to Good management in Business

1. Nature never destroys things she simply builds a new one on top greater in consciousness (smarter and simpler) and less in number (meaning faster and smaller) Good business growth comes from evolving what you have to what you vision. Big leaps of marketing and brand are high risk and big gambling.

2. Honesty will become a fashion. The future brands will be real. Real is the future. Fluff and lies will not create great sustainable business. Careers based on you doing what you are good at are far more powerful than careers based on you doing what you would love to do. Business must be transparent.

3. The business who helps its clients get more done in less time will be the business who wins. More learning faster, more housework faster, more health in less time, more peace of mind in less time. All products that are in growth phases on earth right now are products that help people get more of something in less time.

3 keys to Good management in Relationship

1. What you appreciate grows. If you appreciate your lover, they appreciate you. If you remind them of what they need to fix, what they did wrong and what they can be better at, you'll loose your relationship. There are two sides to everyone. If you are smart, you'll acknowledge the two and focus on the positive. If you are an emotional fruit cake you'll try to turn them into an all positive, all nice, all peaceful lover. and then they'll leave because you only loved half of them.

2. People become as you treat them. If you treat your lover as someone you don't like or don't trust, you can be guaranteed you'll create your fear. If you treat your children or lover as a peaceful, anger free, highly spiritual person they will become deceitful, because you are treating them deceitfully.

3. Love is cumulative. Love builds action by action. You can run around telling the world how much you love somebody, but it is your actions in their perception that causes them to feel loved. Love is cumulative and so is the breakdown of a relationship. It takes 100 positive acts to overcome one negative. Because people react more strongly to negative acts, the energy of a negative act is multiplied by 100 by the ego of the average lover. So, remember to act with love allot. Meaning kindness, gentleness, care and consideration.

Cont'd over

3 Keys to Good self management

1. Be yourself - be real. Stop trying to be someone else. Stop trying to change yourself. Stop trying to grow yourself. You are perfect and blessed as you are. Just be real. Who else can you be? All philosophies, religions, spiritual traditions and self help programs are flawed. They sell half people who can't exist, and have never existed. So by trying to become a good Yogi, or a good Buddhist or Good Christian, you'll spend the whole of your life disappointed in yourself.

2. Develop realistic expectations. Some people go up with the wind and down with the tides. They are on an emotional roller coaster because they are addicted to an expectation that one day, their difficulties will be over. We never grow from pain. No - we simply get used to it. An athlete never grows from pain, they just learn to tolerate more of it. A Speaker never grows out of stress, they simply get used to it. Nothing really changes. There is nothing to change. It's beautiful. Just like it is. We just need time to get used to it. There is no where to run, or grow to. It's a myth.

3. Treat others as you wish to be treated. Self obsession is bad management. People who are not busy enough, people who are trying to become something, people who think there is something important about themselves, self obsess. They are hypersensitive and the end result of all their self development is greater hypersentiveness. Measure your "goodness" by how you treat others. Not who you think you can become. You can't change. It just adds a lie to your reality. You are worthy of love as you are. And the first person who need to know it, in order to get someone else to acknowledge and value it, is? Yes, you.

Live with Spirit

Start and Succeed in Your Home Based Property Management Business!

If you know something about residential or commercial maintenance, and you're looking for something that's a combination of working in a home office and hands on work, then a property management service might be just the home based business for you to start. 

A property management service is one of the most lucrative businesses to start, whether you choose to work from home, or set up in a traditional office.  For the purposes of this article, however, we'll focus on the home based property management service, and how you can get started right away.

Check your local and state regulatory agencies to make certain that the business you start will stay within the confines of the law.  More than likely, this will require a business license, tax identification number, etc., however, in some localities, you will need to be careful about the actual services that you offer, as these services may even require a real estate license. 

Research the local market to determine if there is a need for the services that you're planning to offer, and if so, how much competition you'll face as a new business owner. 

Make a highly detailed list of what services you will offer.  No generalized list.  Break it down into as much detail as possible.  Include inspections, cleaning, tenant issues, maintenance, landscaping, etc., in your list. 

Decide what you will charge for each type of property and for the different levels of service you will offer.  For example, if you will regularly manage the entire property, then you'll want to consider charging a fixed rate for certain services.  If you will only manage certain aspects of the property, then you may charge a different rate, or you may choose to charge for each service you perform.  Make sure that you factor the size and type of property that you will manage into your pricing.

Plan and begin marketing your new business. The best way to reach absentee owners is through the use of the internet, but consider other ways to market your business, such as placing ads in your local newspaper under the services section. 

Gather the tools that you will need to perform each of the services you intend to offer, and have them available (in your trunk, pickup, etc.) when you meet with prospective clients.  Not only will this provide the appearance that you're already managing other properties, but it lends credibility to your claims that you will do an excellent job with their property.

As you begin to get responses to your marketing efforts, you will typically meet the owners at their property to discuss the services that you have to offer, and why they should allow you to manage their property versus the current arrangements that they have in place. Even if you have to negotiate a bit to land your first customer, do so!  Remember, word of mouth is your best advertisement, and your first customer will most likely be your best reference, and may help you land your next customer...and your next...and so on! 

Mental Aspects of Managing Business Stress

Stress is a bummer: not good for one's health, not good for relating and communicating, definitely not good for business managers and those whose work they manage. Other features of stress include worry, anxiety, high blood pressure, being uneasy and very hard to live with. The business manager is well advised to learn effective ways of preventing stress and managing stress that cannot be prevented. Managers of small work forces will find this to be a critical factor in employee retention. The one-person business manager will find stress management to be of enormous benefit for maintaining sanity as well as balancing home life with business endeavors.

Here is a list of what to do, not necessarily complete but more than enough.

Out of sight, out of mind.

When you are not working, quit thinking about it. Learn how to close down the workday when it is over. Put everything away, finish the filing, close the drawers, lock the security files, make notes about what to remember. When you leave the work area make sure your mind is also closed to the business. Do not take work out of the office unless there is an emergency requiring after-hours attention away from the office.

Leave work behind when you vacation.

That includes wekend getaways, days off, trips with the family, vacations, holidays and afternoons off. Enjoy your time off and make sure your employees enjoy their time off: no phoning in for messages no being called, no laptop computers so you can work while you aren't working. Get a lilfe that is not business and enjoy it.

Don't be thinking about work when you are trying to get to sleep.

That is called worry and it is a very big "no-no" in the world of stress management. If thoughts about the business break through when you are trying to sleep, get out of bed, go out of the bedroom, have a good worry to get it out of your system and then go back to bed.

What happens at work stays at work.

Don't be talking shop when you aren't at the shop! Get a life and live it when you aren't at work.

Worry on purpose on a set schedule and when you are finished let it be.

This is called detachment. What will happen will happen. Worrying about it won't change anything. Ask yourself what would happen to the business if you died. If the business would die with you, it is time to arrange for succession because you are going to die sooner or later. If the business is organized to survive your death or retirement, use that fact as reason enough to quit treating the business as though it were life and death.

Find a trusted person who is knowledgeable about business and talk out your concerns and problems on a regular basis.

If you are lucky the person will be a partner or business associate. Think about using a business coach. Perhaps your spouse fits the bill if talking about the business concerns is something your spouse wishes to do and can handle. Perhaps there is a friend. If you cannot think of anybody with whom to talk you do have something to worry about!

Confer often with your Board.

If you do not have a working Board, take steps to develop one. Your Board helps with the shaping of policy and will be of enormous assistance if you choose directors who know the business and believe in what you are doing.

There is more to preventing and managing the stress of work than only these mental steps. Proper exercise, proper rest, proper sleep and good nutrition are also essential. For example, drinking soda pop and eating candy will not relieve work stress, it will only make you fat and hyperactive or drowsy. And mental discipline is wasted if you operate on habitual sleep deprivation. Fatigue is an open invitation to stress.

Conversely, all the aerobic exercise, sleep and good nutritional meals will not help against stress if you approach your business responsibilities with sloppy mental habits. Staying on top of the business you manage demands good mental discipline right along with good habits that foster health and relaxation.

It is truly tragic to waste a good mind. Stress will do that to the undisciplined manager. Since your mind is the only one you have, better to take care of it by developing good routines to prevent and counter stress.

An ounce of prevention is worth a pound of cure.