All posts in October 2018

Document Shredding, A Wise Business Strategy

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The stakes are always high when you’re in business. Aside from the constant need to dominate your competitors, you’re also prone to a lot of stress and hassles in the working environment. Time counts, and one can’t afford to waste a single minute. Even a simple task such as document shredding tends to consume the productivity of an employee.

Whether you’re part of a business conglomerate or a simple franchise, you’re going to encounter sensitive information vital to the business. Confidential data tend to accumulate over time, and in order to not encounter problems in the future, these data need to be kept under lock and key or completely destroyed.

Most business owners find it wise to outsource paper shredding services from other companies. Although storing documents is good, it doesn’t give business moguls the assurance that they’ll be kept safe from rivals. Sensitive business information can cause serious threats as well as damage to the business if it gets in the wrong hands. Opting for shredding services will assure businesses that there will be no traces of sensitive company information spreading about, and it also gives them the following benefits:

Security

This is the ultimate benefit of having a shredding service. Data management agencies assure clients that there will be no vital pieces of information breaching across competitors or nosy people. In addition, shredding also reduces the business’ risk of falling victim to identity theft, and mishandling money due to unnecessary document storage costs.

Cost-efficient

Clients are assured that data management agencies such as Los Angeles shredding service providers aren’t costly. In fact, it’s very affordable – even a small franchise business can obtain hire them. Shredding agencies use superior facilities to help them with the shredding process; these machines are so modern that it only requires very little time to shred large amounts of documents. There’s no need for the business to hire a regular staff member to perform the job.

Efficiency

The minutes spent on shredding could’ve been used for performing a productive task resulting to profit. Efficiency is what Los Angeles shredding agencies are always aiming for. Shredding of vital documents can be done in minutes when a professional handles the job instead of the employee, making the business more productive.

Save on Storage Space

Stored documents tend to eat office space. It’s best to get rid of them by obtaining Los Angeles shredding services since office rents have escalated. Businesses these days can’t afford to waste a single space for storing documents. Visit theshreddingservices.com for more information.

Appliance manufacturers to dig the mobile phone market is faced with three challenges – Hisense pho

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Appliance system Mobile In 2007, resumed their growth, the 2008 is mustering the strength. Recently, TCL Re-enlightenment Europe brands Po, made powerful women Mobile Market; Hisense TD mobile phones in the first round of bidding, access to 10,500 orders for the current HS-T68 models already on the market; Konka Phone business to be profitable in 2007, based on the value of business strategy to further and stronger.

Also, Skyworth, Changhong Traditional home appliance manufacturers have released new strategy are to start in the domestic mobile phone market, the pace of expansion. After going through dormant appliance manufacturers, re-heavy attack the mobile phone market, it can restore its position? ?

Through dormant

Domestic appliance manufacturers around the mobile phone industry in 2002 through brilliant, but in 2004 began a decline that began in 2005 through “deep cold.”

2001 a breakthrough year is the first year of China-made mobile phone, home appliance manufacturers TCL The first rise, then TCL mobile phone business to achieve sales of 3.0 billion achievements have laid a market position in one fell swoop.

In TCL Mobile to local phone battle against the ocean, Amoi, Panda, Konka Haier household appliances and other traditional phone companies to join the game in a domestic. In 2002 or so, they benefit from the advantages of front-end replication appliance marketing, product positioning in the low end, to maintain the price advantage with the foreign brands, rely on the appearance of imitation and marketing channels, the advantage of close to the market quickly to win.

However, did not last long, in 2004, after the cut into the low-end foreign brands mobile phone market, domestic mobile phone products due to lack of proper layout and core technology competitiveness, ultimately produced a dramatic change.

To 2005, household appliances across the board loss of mobile phone, TCL first half of the losses reached more than 800 million yuan, Konka mobile phone business losses of 194 million yuan year, Haier mobile business year 139 million dollar loss, the panda was forced to exit the mobile phone market.

Kill “backstroke” vs striking

2005, when the number of appliance manufacturers mobile phone operations into the red mud, the other a group of appliance makers is that the “risks and seek opportunities”, Changhong, Hisense, Skyworth and other home appliance manufacturers to get mobile phone license, a massive attack on mobile phone industry.

These companies are home much later on posture. For example, Skyworth Mobile 2006 earnings, the annual sales revenue of 10 billion yuan; Changhong phone in “phone Madman”, led by Wan Jianming, China has entered the mobile phone market advantage camp; Hisense in the TD mobile phone market with a good performance. In 2008, they also have their own strategies, comprehensive start in the domestic mobile phone market, the pace of expansion.

Old appliance manufacturers, of course those who are unwilling to kill a “backstroke.” After experiencing pain, TCL Communication in 2006 to end deficits in 2007 to 11.91 million mobile phone shipments continued to profit, but the phones are sold to overseas markets, the annual mobile phone business profits into losses of key TCL Group; in 2008, TCL weight the whole mobile phone business in China, made powerful women in the mobile phone market, enable European women’s brand Mongolian Bao. TCL Communications CEO, said Liu Fei, TCL Communication within three years to become the largest mobile phone company. After brilliant to silence, Konka is also accumulating strength, For the second rise. Konka mobile phone business in 2006 to successfully turn around, and Konka was the first to propose innovative business model of domestic mobile phone manufacturers and take the line of differentiated market segments, and invested heavily in research and development to master the technology right to speak. In 2007, Konka mobile phone business by expanding in emerging markets, overseas sales grew 70%, the overall revenues of 1.6 billion, operating profit of nearly 300 million yuan.

Addition to TCL, Konka has regain their footing, the Haier Group Haier stripped from the mobile phone business, and embarked on the road to recovery; Panda Mobile Teng jumped back through the TD.

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Capstone Group Experience, Knowledge and Passion about Business Strategy and Management Accounting

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The Capstone Group was borne from a perceived need by small to medium sized business to access low cost – yet high quality – business services delivered with a passion for personal service. Matthew Reynolds, the CEO of the company, says -many accounting firms just focus on compliance work – at Capstone Group we don’t do tax – so we can fully focus on management accounting, consulting and assurance-. The Capstone Group specialises in a number of areas:

Business Strategy

Each week we see examples of former blue-chip companies having lost their way – Billabong, David Jones, Darrel Lea, Fairfax Media – to name a few. The world is changing rapidly through increased globalisation and new technologies. Many companies are not adapting or failing to understand they need to adapt. Why do some companies thrive and beat the odds whilst others fail to adjust? Clearly there are many factors that explain a company’s performance. However there is one constant that would be present amongst the top performing businesses – a cleverly crafted and well executed strategy. A great strategy looks to capitalise on emerging opportunities, produces good performance, is adaptable to changing business conditions and can withstand the competitive challenges from rivals. At The Capstone Group we have the experience, knowledge and the passion to assist companies in the strategy development process. Through the use of power-points and mind-maps we can facilitate the strategy formulation process. We also work with our clients in examining how successful the strategy has been. Management Accounting

What is the difference between a bookkeeper and a management accountant? Many businesses utilise a good bookkeeper and that’s great. However, in our experience, management require more than just the outputs of the financial management software. A good Management Accountant will add value to a business by explaining what the results mean for the business. They will look at: (i) How effectively the assets of the business are being deployed (ii) What is the most effective use of capital for a business (iii)Is the current strategy working or should management look the a new strategy (iv)What are the cash flow implications for a business based on various -what if’ scenarios (v) Is the business meeting the financial expectations of owners? (vi)Assessing the effectiveness of any marketing strategy (vii)Assessing the appropriateness of accounting policies (viii)Seeking to improve the effectiveness of the accounting function (ix) Assist with government grants such as EMDG and R&D Ac recent Management Accounting assignment led to a restructure of the accounting function and adopting greater use of technology to reduce inefficiencies.

Not for Profit Entities The CEO of The Capstone Group, Matthew Reynolds, has extensive experience in assisting not for profit entities in various capacities. The Capstone Group-s key services for the Not for Profit sectors are: audit services (excluding company’s limited by guarantee), MYOB advisory services, management accounting and bookkeeper supervision.

The Capstone Group is a results orientated business we offer Business Strategy and also MYOB and LEAP Certified Consultants and work with clients to maximise the value of their software. It provide specialised accounting,Management Accounting and Not for Profit Entities etc.

Market Research is Essential for Sound Business Strategy

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If you are planning to set up a business and think that you know the market then it might prove a risky affair for you. It is always advisable to conduct a market research prior entering any market. A study of the market offers you complete knowledge regarding the target audience and their wants and needs. A thorough research about the market helps you in understanding different aspects of the industry in which you wish to enter along with the strategy which you need to prepare for dealing with the adverse market situations. It also helps in developing a sound marketing plan which can assist in your business growth. Market research involves systematic, objective collection and analysis of data about your target market, competition and environment as well as your goal. This research is extremely beneficial and important and is therefore conducted on a frequent basis in order to know about the changing trends and demands of the target audience.

If a marketer fails to take into account the interests of the customers then the product which is being sold by the business owner might not satisfy the needs of the clients. An in-depth knowledge about the market condition always keeps you in a profitable situation as you can accordingly change and decide upon your marketing plans. This research is however conducted in various ways by either asking for customer’s feedback, through questionnaires or surveys. Research saves you from all the worries regarding whether you product would be a liked by the target audience or not. Market condition is hard to predict even by the most experienced professionals and hence market study can help in determining the buying patterns that can create an interest in the consumers and force them to buy the product.

Consumers also have high expectations from their preferred brand owners and therefore it is hard to satisfy their desires. Several types of research like product research, brand research, psychological research, scanner research, database research and customer satisfaction research are done in order to make improvements in the existing product line or come up with a new product. call centre helps a business owner in identifying the available opportunities in the market along with the prevailing level of competition.

How To Write A Business Plan Essential Elements Of A Good Business Plan

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In order to write an effective business plan, you will need to start by covering the basics. State clearly on a cover sheet the name of your business, the address of the business and the principles that govern the business. These elements, however, are only part of what you need to include in your business plan. There are a few more essential elements to include in your business plan.

Executive Summary

The executive summary is the abstract of your business plan. It is summarises all the information you give in the body of the plan and serves to introduce potential investors to your company. Mention your company background, mission statement, goals, management overview, capital requirements, market opportunity and competitors in no more than three or four pages. Make sure your executive summary is persuasive enough to convince investors about the viability and potential of the business.

Business Overview

The business overview provides more details about your business and why the business was formed. It expounds on your business mission, strategy, model and existing strategic relationships. Clearly explain how your business was formed, the costs associated with running the business, legal structures of the business and any intellectual property you may own. You may also cover issues relating to administration, management, accounting and security in this section of your plan.

Business Offering

The business offering section details why you are in business and what you are selling. State whether you are selling products or services. If you are selling products, shed more light on whether you are the manufacturer, retailer or distributor. Talk about your manufacturing process, inventory processes and availability of materials, if you are the product manufacture. If your business offers services, describe those services in detail. Also, provide information on product or service lines you expect to venture into in future.

Implementation and Strategy

This section provides details of your business strategies. It highlights your sales forecast, products or services launch dates and expected customer or web visitors statistics. Investors will be keen to read through this section to learn about your dates and deadlines. Lay out these details in a table called Milestones for easier information consumption.

Marketing Plan and Analysis

Detail your marketing plans in this section. Provide information about your market analysis, customer service, sales and public relations. Showcase your business vision and highlight the key points that will make your business successful. Validate your points with market research and customer and or industry trends. If you are a smaller entrepreneurial company and lack capacity to conduct in depth market research, validate your points with testimonials from existing customers.

Management Team

Explain the backgrounds of the managers and executives in your business in this section. This is important because investors will be interested in evaluating the risks associated with your business before they invest. Generally, the experience of management teams significantly affects business risks. The more experienced the management team, the lower the risk involved.

Financial Projections

Finally, provide a clear quantitative interpretation and projection of all the information you included in the different sections of your plan. This information should ideally come after all the other sections. Include your cash flow statement for the coming two to three years, balance sheet and projected profit and loss statements in your financial projections.

Remember, a good business plan is never completely finished. Review, revise and build upon your plan from time to time to keep it accurate and up to date.