There has always been a chaos and also confusion found, while a beginner or a novice had shown desires to trade on stock exchanges. This is because the factors that cater for the concepts of risk and volatility are honestly high in Indian stock market where every day the luck of an individual rotates more than a dice. In such a high demanding scenario, to extract or siphon an expected amount of profit, nifty options have definitely helped the individuals interested in trading on shares and stocks. All the necessary and best sought information based on; shares, stocks and commodities can be easily utilized while desiring to invest and earn healthy profits through these tips.
It is even noticed as a common aspect; that the fluctuation level of the shares and other financial securities are high in the Indian stock market where flip of a coin can change the destiny of an individual. So before making an investment or putting assets for business; an individual should have some fundamental knowledge on the mentioned to minimize the rate of loss at any cost. This is where the nifty options have come up to offer some honest breathing solutions on trading tips and market drift so that the hard earned money of an investor gets the optimized profit. Stock exchanges and deals based on the commodities can be made to ooze out expected returns if at all the necessary steps are incorporated after following these nifty options by an individual.
There are perhaps a lot many pages in history where rags have turned into riches and also vice versa while trading both in the online and offline paradigm that covers the details of shares and stock exchanges. The Indian stock market is one such platform where the life of an individual decorated in comforts and luxuries; can turn into agonies and distress if he fails to pursue with the trading basic before investing on commodities of stock exchanges. However, if an investor cares to undertake the guiding tips offered by nifty options, then chances of making a worthy profit go high. In due course of time, even the confidence level reaches to the maximum level of satisfaction where he can personify himself as an experienced investor rather than a beginner
Monday, November 29, 2010
Thursday, June 3, 2010
tips and tricks for technical writing
Here are some tips to make the job easier. Firstly, it is best to break things down into sections. Each section should have a heading which briefly summarizes what is in the section. This enables readers to browse through quickly to find exactly what they need. Repetition is good as it helps familiarize the reader with the topic. In most cases it is always best to uses future tense, however in technical writing; present tense should be applied as it makes the description of a process clearer. It also helps avoid confusion as to which process happens first.
Lastly, remember that you are writing to help users so always think from their perspective and keep in mind that most of your readers are not experts with technology no matter what the kind and if they were, they would not be reading the manual.
A technical writer will need to understand who their audience will be and their level of experience and education. They will then gather information from existing subject documentation, for instance, wiring diagrams and from the manufacturers or designers of the subject matter.
Technical documentation includes training guides, maintenance manuals and parts catalogues and many technical publications departments also include a technical illustrator who can create technical drawings to supplement the instructions in the documentation.rather than tie up valuable resources in employing technical writers, illustrators and buying all the necessary equipment and software, many firms find it economically more sensible to outsource their technical publications requirements. By doing this you have often have more control over the budget and can factor the costs on to the customer.
If you need supporting documentation, maintenance manuals, user guides or illustrated parts catalogues and you don't have the resources in-house to produce them then contact a technical publications company and discuss your requirements with them. You could well be surprised at how affordable the documentation is and you'll find that your customers are happy to have high specification documentation with their new product or software.
Lastly, remember that you are writing to help users so always think from their perspective and keep in mind that most of your readers are not experts with technology no matter what the kind and if they were, they would not be reading the manual.
A technical writer will need to understand who their audience will be and their level of experience and education. They will then gather information from existing subject documentation, for instance, wiring diagrams and from the manufacturers or designers of the subject matter.
Technical documentation includes training guides, maintenance manuals and parts catalogues and many technical publications departments also include a technical illustrator who can create technical drawings to supplement the instructions in the documentation.rather than tie up valuable resources in employing technical writers, illustrators and buying all the necessary equipment and software, many firms find it economically more sensible to outsource their technical publications requirements. By doing this you have often have more control over the budget and can factor the costs on to the customer.
If you need supporting documentation, maintenance manuals, user guides or illustrated parts catalogues and you don't have the resources in-house to produce them then contact a technical publications company and discuss your requirements with them. You could well be surprised at how affordable the documentation is and you'll find that your customers are happy to have high specification documentation with their new product or software.
Saturday, May 29, 2010
tipd for your Business Succession - Selling Your Business
Last week I was asked to speak at a small business seminar on business succession as it relates to selling a business here in Florida. Succession planning in general is the process of preparing to hand over control of the business to others. Very often family may be part of succession planning and while most businesses do not have any plans for business succession, those that do, fall short in the planning and communication of those plans. So you are working hard on your business now, what is your plan?
-Build up your business to a nice size and sell your business for great financial gain?
-Pass your business on to your kids
-Arrange an LBO for key employees
-Work your butt off, make enough money to pay your bills and do this til you are no longer on this earth.
other
-We are all busy running and or growing our businesses, but last week a few business owner did consider this issue important enough to take a few hours out of their day to attend this workshop and begin understanding the process.
Presenting at this workshop were an Attorney, a CPA, an insurance provider, and myself. This seminar was attended by local small business owners seeking knowledge on this topic. What I found most interesting was that the Attorney, CPA, and I spoke on many of the same issue regarding selling your business We all spoke for about 1/2 an hour and didn't coordinate on what we would speak on. While we touched on the the different aspects surrounding business succession, I found we spoke on many of the same points, but due to our professions we spoke on those point from varying perspective. When discussing seller financing for your business, the attorney spoke of the need for extreme caution when setting up seller financing, and additional care extended when family or fiends involved. The CPA spoke to the proper records to be kept to document what you have and be able to show what you had in the way of your companies performance. My discussion regarding seller financing addressed the prevalence of seller financing in the marketplace and the need to be able to offer it to help make a deal happen in to days tight credit market.
A few key points from this workshop:
-Most businesses do not have a succession plan.
-Planning is the most important first step.
-Seller financing can help facilitate a deal but one must do proper due diligence.
-Relying on your business as your only source of retirement funds is dangerous and mis guided.
-When doing your annual reviews of company numbers or tax preparation, use that as a good time to look at other matters as it relates to your biger picture
My suggestion is between handling your accounts receivables, accounts pay ables, other office paperwork, social networking, working with clients, and returning phone calls/emails, take a moment to consider what your exit plan may be. Even if you just give the subject a few moments of thought, you may find yourself ahead of most or your peers and fellow business owners. Also, the Internet is a great source of information on business succession and other business matters, but also keep your eyes open for the various seminars, workshops, and expos that may be in your area. They are not only a great source of knowledge, but also a great opportunity for the "other type" of social networking.
-Build up your business to a nice size and sell your business for great financial gain?
-Pass your business on to your kids
-Arrange an LBO for key employees
-Work your butt off, make enough money to pay your bills and do this til you are no longer on this earth.
other
-We are all busy running and or growing our businesses, but last week a few business owner did consider this issue important enough to take a few hours out of their day to attend this workshop and begin understanding the process.
Presenting at this workshop were an Attorney, a CPA, an insurance provider, and myself. This seminar was attended by local small business owners seeking knowledge on this topic. What I found most interesting was that the Attorney, CPA, and I spoke on many of the same issue regarding selling your business We all spoke for about 1/2 an hour and didn't coordinate on what we would speak on. While we touched on the the different aspects surrounding business succession, I found we spoke on many of the same points, but due to our professions we spoke on those point from varying perspective. When discussing seller financing for your business, the attorney spoke of the need for extreme caution when setting up seller financing, and additional care extended when family or fiends involved. The CPA spoke to the proper records to be kept to document what you have and be able to show what you had in the way of your companies performance. My discussion regarding seller financing addressed the prevalence of seller financing in the marketplace and the need to be able to offer it to help make a deal happen in to days tight credit market.
A few key points from this workshop:
-Most businesses do not have a succession plan.
-Planning is the most important first step.
-Seller financing can help facilitate a deal but one must do proper due diligence.
-Relying on your business as your only source of retirement funds is dangerous and mis guided.
-When doing your annual reviews of company numbers or tax preparation, use that as a good time to look at other matters as it relates to your biger picture
My suggestion is between handling your accounts receivables, accounts pay ables, other office paperwork, social networking, working with clients, and returning phone calls/emails, take a moment to consider what your exit plan may be. Even if you just give the subject a few moments of thought, you may find yourself ahead of most or your peers and fellow business owners. Also, the Internet is a great source of information on business succession and other business matters, but also keep your eyes open for the various seminars, workshops, and expos that may be in your area. They are not only a great source of knowledge, but also a great opportunity for the "other type" of social networking.
sucessfull Selling Skills(tips and tricks)
What expectations do you have for your prospects or what I prefer to call them, potential customers? This question was addressed in a posting on sales training by Lushin & Associates of Indianapolis, Indiana. The article essentially stated that the failure to identify expectations early on in the sales process sets a lot of salespersons up to fail (not earn the sale).
Of course these expectations look different depending upon the situation. Recently, I created a business building workshop series entitled Pay What You Can Afford with the first workshop on Internet Marketing, Improve Traffic & Increase Sales. This title alone sets the expectations. In speaking with potential participants, I then ask a series of questions:
Have you ever attended a workshop or learning event, paid tens to hundreds of dollars and walked way complete dissatisfied because the information was poorly presented and had no value to your situation? In fact you might have even thought that you could do a better job teaching than the presenter?
Conversely, have you ever attended a similar event, paid little to nothing and believed it was one of the best learning engagements you ever experienced? (Sales Training Coaching Tip: I have yet to receive a No to these first two questions.)
So can we have agreement is that you determine the value of the workshop based upon your experiences? (Yes, the first three questions are close ended and are required to set the sales expectations and move to the next level.)
If you could have 100% control of that investment, then in what ways would attending such a workshop have value for you? (Sales Training Coaching Tip: Allow the person to share as much as possible and keep track of what has been said.
Upon conclusion of these questions, I share the specific topics to be covered and would they have interest in any of them? Historically for me, delivering public business workshops be it on sales training to customer service are lost leaders in that they generate no additional business with those in the workshop and very few referrals even though I receive outstanding testimonials.
Since the efforts to market them are far greater than any long term rewards, I have refrained from scheduling public business building and training workshops. However, my sense is this approach may generate some new interest given that the expectations have been set up front and there are no surprises. Each participant has been pre-qualified before accepting the registration fee.
By setting the sales expectations up front does create a different dynamic. Of course part of that dynamic is now you must be able to deliver by actually earning the sale.
Of course these expectations look different depending upon the situation. Recently, I created a business building workshop series entitled Pay What You Can Afford with the first workshop on Internet Marketing, Improve Traffic & Increase Sales. This title alone sets the expectations. In speaking with potential participants, I then ask a series of questions:
Have you ever attended a workshop or learning event, paid tens to hundreds of dollars and walked way complete dissatisfied because the information was poorly presented and had no value to your situation? In fact you might have even thought that you could do a better job teaching than the presenter?
Conversely, have you ever attended a similar event, paid little to nothing and believed it was one of the best learning engagements you ever experienced? (Sales Training Coaching Tip: I have yet to receive a No to these first two questions.)
So can we have agreement is that you determine the value of the workshop based upon your experiences? (Yes, the first three questions are close ended and are required to set the sales expectations and move to the next level.)
If you could have 100% control of that investment, then in what ways would attending such a workshop have value for you? (Sales Training Coaching Tip: Allow the person to share as much as possible and keep track of what has been said.
Upon conclusion of these questions, I share the specific topics to be covered and would they have interest in any of them? Historically for me, delivering public business workshops be it on sales training to customer service are lost leaders in that they generate no additional business with those in the workshop and very few referrals even though I receive outstanding testimonials.
Since the efforts to market them are far greater than any long term rewards, I have refrained from scheduling public business building and training workshops. However, my sense is this approach may generate some new interest given that the expectations have been set up front and there are no surprises. Each participant has been pre-qualified before accepting the registration fee.
By setting the sales expectations up front does create a different dynamic. Of course part of that dynamic is now you must be able to deliver by actually earning the sale.
tips for Successful Sales
mention this because I see a great many programs out there today that teach all kinds of "advanced concepts," designed to introduce your producers to higher levels of psychology, sophisticated negotiating tactics, and other potentially awesome, but purely theoretical, selling ideas. Now, I have nothing against great theories: many of them turn into life-changing developments. But as sales training goes, it's better to stick to specific skills and applications.
For an easy way to explain what I mean, consider the case of cold fusion. Most people have heard of the idea, even if they can't quite explain or understand what it means. Were it to work - and it's something scientists have been working on for more than five decades - it would mean a revolution in the way we power our cities, homes, and vehicles. But guess what? It doesn't work yet...
Lots of advanced selling concepts are a bit like that. They would have the potential to completely change the way we interacted with customers, if only anyone had successfully used them yet. As theories, they are stellar; as actual ways of generating new clients and orders, they make things more complicated and confusing than they have to be.
Often, the way to make something better is actually by doing the opposite: making the steps simpler. Fans and users of my popular sales system will know exactly what I mean; there's nothing "new" in the steps I recommend - the ideas are simply rearranged in a way that makes more sense, and makes them a bit more memorable. You should strive for the same in your sales training.
Teach techniques that have been proven to work in the real world. Reinforce them, both at the seminar and during weekly meetings, by having your producers "role-play" with you and each other. Granted, it might not be as interesting or cutting-edge as having complicated graphs and software systems, but if you do it long enough, a funny thing will start to happen... your sales will increase.
The principles of selling haven't changed in a very long time. Believe it or not, this is a good thing. It means that any person with the right talent and work ethic can succeed in this profession, making a lot of money and helping a lot of people along the way. To pull those kinds of results out of your team, focus on what works and then make sure they understand it and can duplicate it.
If the goal of sales training is to help your staff sell more, you can't do any better than that.
Carl Henry is a management consultant. He specializes in helping companies in the selection of top sales and customer service talent. Carl is also a Certified Speaking Professional and the author of several books and articles related to sales, sales management, and customer service. He conducts seminar and webinar for clients worldwide.
For an easy way to explain what I mean, consider the case of cold fusion. Most people have heard of the idea, even if they can't quite explain or understand what it means. Were it to work - and it's something scientists have been working on for more than five decades - it would mean a revolution in the way we power our cities, homes, and vehicles. But guess what? It doesn't work yet...
Lots of advanced selling concepts are a bit like that. They would have the potential to completely change the way we interacted with customers, if only anyone had successfully used them yet. As theories, they are stellar; as actual ways of generating new clients and orders, they make things more complicated and confusing than they have to be.
Often, the way to make something better is actually by doing the opposite: making the steps simpler. Fans and users of my popular sales system will know exactly what I mean; there's nothing "new" in the steps I recommend - the ideas are simply rearranged in a way that makes more sense, and makes them a bit more memorable. You should strive for the same in your sales training.
Teach techniques that have been proven to work in the real world. Reinforce them, both at the seminar and during weekly meetings, by having your producers "role-play" with you and each other. Granted, it might not be as interesting or cutting-edge as having complicated graphs and software systems, but if you do it long enough, a funny thing will start to happen... your sales will increase.
The principles of selling haven't changed in a very long time. Believe it or not, this is a good thing. It means that any person with the right talent and work ethic can succeed in this profession, making a lot of money and helping a lot of people along the way. To pull those kinds of results out of your team, focus on what works and then make sure they understand it and can duplicate it.
If the goal of sales training is to help your staff sell more, you can't do any better than that.
Carl Henry is a management consultant. He specializes in helping companies in the selection of top sales and customer service talent. Carl is also a Certified Speaking Professional and the author of several books and articles related to sales, sales management, and customer service. He conducts seminar and webinar for clients worldwide.
tips How to Find and Select a Business Mentor
Earlier in the year I published an article on how a business mentor can help you and your business. Another common dilemma for business owners is once you have decided that you would like the support of a business mentor, how do you find one and how do you decide which one is right for you?
So this month we have put together some questions and tips to help you. These may also be useful if you are looking for a business coach.
What support do you want? Before looking for a business mentor it is a good idea to understand what support you need and in what areas, whether this be general business mentoring for all areas of your business, specific support (e.g. sales and marketing, growing your business etc.), personal support (e.g. stress management, work/life balance etc.) or maybe a mixture of these. If you are not sure what support you want, it will be helpful if you can describe how you feel (e.g. overwhelmed, not strategic enough etc.).
Do you want face to face, telephone or internet support? You can have business mentoring face to face, over the phone, via Skype, via email and even online, so think about your preferred option so that you can find a mentor who can meet your requirements.
Ask your contacts for recommendations. A good starting point will be to ask your contacts (business and/or personal) if they can recommend one. They may have used someone or know of a person they are happy to recommend to you.
Search on the internet. Try searching on Google and have a look on internet based business directories. Make sure your search is specific and includes your requirements.
Look at their websites. Find out more about those recommended to you and about those you found on the internet by looking at their websites. This will enable you to narrow down your search as you will be able to get a feel as to whether they are right for you from their websites.
Contact a selection. Telephone or email the ones who look right for you and arrange to speak to them to find out more about them and whether they can meet your requirements. The questions below will help you narrow down your search.
Can you relate to and see yourself working with them? The key to getting the most from the business mentoring is the relationship between you and your business mentor. Spend time talking to them to see whether you get on with them, want to work with them and whether they are right for you.
What business mentoring qualifications, knowledge and experience do they have? Ask them about the training they have completed and about their knowledge and experience of business mentoring.
What business knowledge and experience do they have? Ask about their business knowledge and experience, their career to date, who they have worked for, at what level and in what positions. If you want general business support you will want someone with general management experience or who has run their own business rather than a specialist.
How long have they been working as a business mentor? Understand from them how long they have been working as a business mentor and make sure you feel comfortable with this.
What type of clients do they work with and what do they help them with? Ask about the type of clients they have worked with (e.g. the size of the businesses, the business sectors they operate in, the number of staff they employ etc.) and the type of things they have helped them with.
Do they have client testimonials and can you speak to their existing/previous clients? It may help you to decide if you can see some of their client testimonials or talk to their clients.
How do they work with their clients? Ask about how they work with clients and how they will work with you (e.g. how long are the sessions, how often do they take place, what is your commitment in terms of number of sessions, what is the cost, do they offer a free session so that you can try out their services, do they have a contract that covers their services etc.).
Do you feel that they are right for you and your business? From the above you should be able to decide which one is right for you and your business. However, you may want to ask to try them out first with a mentoring session so you can make sure.
Hopefully the above will help you with your search and selection if you decide that you want to work with a business mentor.
So this month we have put together some questions and tips to help you. These may also be useful if you are looking for a business coach.
What support do you want? Before looking for a business mentor it is a good idea to understand what support you need and in what areas, whether this be general business mentoring for all areas of your business, specific support (e.g. sales and marketing, growing your business etc.), personal support (e.g. stress management, work/life balance etc.) or maybe a mixture of these. If you are not sure what support you want, it will be helpful if you can describe how you feel (e.g. overwhelmed, not strategic enough etc.).
Do you want face to face, telephone or internet support? You can have business mentoring face to face, over the phone, via Skype, via email and even online, so think about your preferred option so that you can find a mentor who can meet your requirements.
Ask your contacts for recommendations. A good starting point will be to ask your contacts (business and/or personal) if they can recommend one. They may have used someone or know of a person they are happy to recommend to you.
Search on the internet. Try searching on Google and have a look on internet based business directories. Make sure your search is specific and includes your requirements.
Look at their websites. Find out more about those recommended to you and about those you found on the internet by looking at their websites. This will enable you to narrow down your search as you will be able to get a feel as to whether they are right for you from their websites.
Contact a selection. Telephone or email the ones who look right for you and arrange to speak to them to find out more about them and whether they can meet your requirements. The questions below will help you narrow down your search.
Can you relate to and see yourself working with them? The key to getting the most from the business mentoring is the relationship between you and your business mentor. Spend time talking to them to see whether you get on with them, want to work with them and whether they are right for you.
What business mentoring qualifications, knowledge and experience do they have? Ask them about the training they have completed and about their knowledge and experience of business mentoring.
What business knowledge and experience do they have? Ask about their business knowledge and experience, their career to date, who they have worked for, at what level and in what positions. If you want general business support you will want someone with general management experience or who has run their own business rather than a specialist.
How long have they been working as a business mentor? Understand from them how long they have been working as a business mentor and make sure you feel comfortable with this.
What type of clients do they work with and what do they help them with? Ask about the type of clients they have worked with (e.g. the size of the businesses, the business sectors they operate in, the number of staff they employ etc.) and the type of things they have helped them with.
Do they have client testimonials and can you speak to their existing/previous clients? It may help you to decide if you can see some of their client testimonials or talk to their clients.
How do they work with their clients? Ask about how they work with clients and how they will work with you (e.g. how long are the sessions, how often do they take place, what is your commitment in terms of number of sessions, what is the cost, do they offer a free session so that you can try out their services, do they have a contract that covers their services etc.).
Do you feel that they are right for you and your business? From the above you should be able to decide which one is right for you and your business. However, you may want to ask to try them out first with a mentoring session so you can make sure.
Hopefully the above will help you with your search and selection if you decide that you want to work with a business mentor.
Tuesday, May 25, 2010
Tips For Business Credit Card Owners
If you are a business owner, applying for a business credit card is definitely recommended. What are the benefits of having business credit cards? How can credit cards improve your business? In this article, we'll discuss the advantages of small business credit cards and some pointers on how to choose the right one.
Business Credit Card Benefits
Indispensable for emergency expenses. Business credit cards are indispensable particularly when unexpected expenses arise. For instance, if you need to purchase supplies or stocks to meet a large customer order or if one of your machines break and needs to be repaired. Even if you don't have the cash on hand to address these expenses, you can simply charge them to your card and pay by month's end or on your next bill.
Build up your business credit. By using your card related expenses and paying back your balances on time, you can easily build up a solid credit history for your company. An excellent credit history would be an advantage when you apply for a loan for your future projects or plans. As your business grows, making your business credit strong and impressive will certainly make you a strong candidate for lenders who offer the best deals.
Track your expenses more easily. A card also helps in monitoring your expenses. You can use your monthly statements of account as reference to your accounting and bookkeeping tasks. Business credit card companies also send quarterly and yearly account summaries that are especially helpful when filing your business taxes. If you own a home based business, you can easily determine which expenses can be written off or exempted from your taxes.
Access to online banking. Cards today also offer the most convenient way to do banking- through the internet. This means, you can access your account at any time right from your computer. You can also make your purchases or make your payments online using your card. For a business owner with a very busy lifestyle, this option is indeed, invaluable.
Make the Right Credit Card Choice
How can you make the right choice of card? By researching and learning as much information as you can about your prospective card. First, determine what type of card matches the needs of your business.
Would you like a card that offers a reward program? Is your credit history good enough to qualify for an unsecured credit? Or do you need a secured credit to build your credit?
Card review websites are great tools to help you narrow down your choices. These review websites not only present a list of business credit cards that are available in the market, they also enumerate the strongest and weakest points of each card. After reducing your options to just two or three cards- take the time to read the complete Terms and Conditions of each card so you can compare them more efficiently.
Business Credit Card Benefits
Indispensable for emergency expenses. Business credit cards are indispensable particularly when unexpected expenses arise. For instance, if you need to purchase supplies or stocks to meet a large customer order or if one of your machines break and needs to be repaired. Even if you don't have the cash on hand to address these expenses, you can simply charge them to your card and pay by month's end or on your next bill.
Build up your business credit. By using your card related expenses and paying back your balances on time, you can easily build up a solid credit history for your company. An excellent credit history would be an advantage when you apply for a loan for your future projects or plans. As your business grows, making your business credit strong and impressive will certainly make you a strong candidate for lenders who offer the best deals.
Track your expenses more easily. A card also helps in monitoring your expenses. You can use your monthly statements of account as reference to your accounting and bookkeeping tasks. Business credit card companies also send quarterly and yearly account summaries that are especially helpful when filing your business taxes. If you own a home based business, you can easily determine which expenses can be written off or exempted from your taxes.
Access to online banking. Cards today also offer the most convenient way to do banking- through the internet. This means, you can access your account at any time right from your computer. You can also make your purchases or make your payments online using your card. For a business owner with a very busy lifestyle, this option is indeed, invaluable.
Make the Right Credit Card Choice
How can you make the right choice of card? By researching and learning as much information as you can about your prospective card. First, determine what type of card matches the needs of your business.
Would you like a card that offers a reward program? Is your credit history good enough to qualify for an unsecured credit? Or do you need a secured credit to build your credit?
Card review websites are great tools to help you narrow down your choices. These review websites not only present a list of business credit cards that are available in the market, they also enumerate the strongest and weakest points of each card. After reducing your options to just two or three cards- take the time to read the complete Terms and Conditions of each card so you can compare them more efficiently.
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