WHY ELEMENTS OF A LOAN PROPOSAL ARE IMPORTANT Loan proposals are formal, written documents that businesses must prepare when they approach potential lenders or investors for funding. A complete loan proposal package should consist of completed loan application forms (if required), and a comprehensive business plan with complete financial statements. […]
Business
KEYS TO FINDING OPTIMAL FIRM SIZE Optimal firm size refers to the speed and the extent of growth that is ideal for a specific business. Optimal firm size is dependent on a variety of internal and external factors. For some home-based businesses, the optimal firm size may be the two […]
NET INCOME AS INDICATOR OF FINANCIAL HEALTH OF BUSINESS Net income is an accounting term that can be defined as the difference between a company’s total revenues (money earned from sales or investments) and total expenses of money paid to produce goods or services, plus salaries, rent, depreciation, etc.), for […]
THE VERSATILITY OF A MOBILE OFFICE Advances in communication technology, entrepreneurial creativity, and other ever-more-hectic pace of modern life have all combined to encourage the development and refinement of mobile business offices. Indeed, entrepreneurs have been a driving force in the creation of computers, telephones, and other office equipment and […]
CHARACTERISTICS OF EFFECTIVE MISSION STATEMENTS Mission statements are documents that are intended to serve as a summary of a business’s goals and values. Their contents often reflect the fact that they are utilized both as an internal performance enhancer and as a public relations tool. Mission statements serve several purposes, […]
WHY FINANCIAL ANALYSIS IS IMPORTANT FOR BUSINESS Financial analysis is an aspect of the overall business finance function that involves examining historical data to gain information about the current and future financial health of a company. Financial analysis can be applied in a wide variety of situations to give business […]
FINANCE COMPANIES Commercial finance companies have in recent years become a favorable option for entrepreneurs seeking small business loans. These institutions generally charge higher interest rates than banks and credit unions, but they also are more likely to approve a loan request. Most loans obtained through finance companies are secured […]
THE EVOLVING CHARACTER OF FACILITY MANAGEMENT t Hu Facility management is defined as the coordination of the physical workplace with the people and work of an organization. It integrates the principle of business administration, architecture, and the behavioral and engineering sciences. In the most basic terms, facility management encompasses all […]
ELEMENTS OF COMPETITIVE ANALYSIS Competitive analysis is the practice of analyzing the competitive environment in which your business operates (or wishes to operate), including strengths and weaknesses of the business with which you compete, strengths and weaknesses of your own company, demographics and desires of marketplace customers, strategies that can […]
POSITIVE IMPLICATIONS OF CANNIBALIZATION Cannibalization is a phenomenon that results when a firm develops a new product or service that steals business or market share from one of its existing products and services. Thus one product may take sales from another offering in a product line. Although the idea of […]
