Monthly Archives: October 2017

Make Money in the Records Management Business

In the information age where massive amounts of data are generated and stored for quick access there are naturally vulnerabilities. What happens if computers crash? If natural disaster strikes? Or in case of fire or theft? Statistics show that most companies that suffer a catastrophic loss of data never come back.

In addition, new Federal regulations regarding privacy in electronic fund transfers have placed responsibility on companies for securing and or destroying transaction records. Companies that fail to do so are subject to fines and litigation. This climate leads to a very real need in the marketplace for secure, off-site backup of data and archiving of hard files. Virtually every business has this need, which makes it an opportune time to invest in or start such an enterprise.

Pricing in records management includes two components: storage and services. As a rule of thumb, you can expect service revenue to be approximately 60 percent to 100 percent of storage revenue, depending on market size and competition. Typically, a records-management company charges for pulling, putting away and transporting items to and from the client; adding new items to inventory; destroying items; and faxing, copying and indexing items into a computer system. Records management companies also charge consulting fees for working with customers to solve their records-management issues and establish regular procedures. At any rate, the records management business is on the rise and will be for the foreseeable future. To make money in the records management business a company should carefully assess and structure their service offering and fee schedule as well as focus intensely on customer service.

How You Should Manage Business Leads

Every experienced business person knows that, it is easy to become the leading person in the market, but it is not easy to maintain that position. This is because, more and more people are coming up with the aim of achieving that position and as such, competition is high. The way in which a business person manages the lead team greatly determines the outcome of the operation. It is also worth noting that prospects could turn into a lead.

To manage business leads, there are many strategies which may be applied and which are sure to give positive results. It begins by getting a concrete definition of a lead. The employer should clearly put it across to the employees as he understands it. They should be able to differentiate between a lead and a prospect and the importance of the two.

The businessman, or employer, in a quest to manage the lead, should introduce a highly effective customer relationship tool. This ensures that clients are well handled and that their needs are met by the employees; the better the relationship, the higher the chances of maintaining the lead. The products that have lead to the lead, or any prospects should also be quickly distributed within the market region.

Stress Testing the Owner-Managed Business

Conducting a thorough stress test on an owner-managed business will determine strategic planning deficiencies and enable the success of the business. A stress test for a cardiac patient consists of monitoring the patient on a treadmill to see how well the heart reacts when placed under the stress of sustained exercise. A stress test for a structure involves placing it under a higher than expected load to see if it is as strong as engineering predicts. Financial regulators place banks under stress tests by using sophisticated software models that allow the testing of certain stresses alone and in combination with other events to see if banks have sufficient capital. These testing procedures consist of the initial inquiry, the application of the stress situation or situations, and an analysis of the performance under stress. It is not necessary to construct a complicated piece of equipment or a sophisticated computer model to accomplish a stress test on an owner-managed business.

The inquiry is to ask “What if…?” The application is to follow through the consequences of the event. If a probable event could occur in the marketplace, the application of the inquiry would be to forecast the business experience in the year after the event occurred. If the occurrence of the event will cause the business to lose money without recovery, the application of the inquiry causes the business to fail the stress test. If a business has three owners, the inquiry could be “What would the business experience in the year after the death of one of the owners?” Depending on the role of each in the business, the application of the inquiry would have a different result depending on which owner died. Would it make a difference if a certain owner quit owning because of disability instead of death? Most definitely, for example, if the buy-sell agreement is funded with life insurance, in the case of disability there would be no immediate funding from a life insurance policy. Would it make a difference if the owner left the business? Most definitely, for example, if the owner left to compete with the business and reduced the foreseeable revenue for the business. Would the application of the inquiry cause the business to fail the stress test under any of these inquiries?

While a computer model is not needed, there must be a way to project the economic activity of the business. Generally this can be the profit and loss format of the business accounting on a spreadsheet showing month-to-month performance for a year and allowing for adjustments. With some businesses it may be more meaningful to use a cash-flow format rather than a strict profit and loss format.

The Event Management Business in the Crisis

With the start of 2007 the event management business was one of the leading business categories in the world, events were the trend. A look at the event management companies during that time will reveal interesting facts such as ridicules pricing for events, although costs are not much affected, and the working companies in the business are of 3 levels large, medium and small companies.

With the start of the world economic crisis, companies have started implementing cost cutting strategies. Event management as a business was affected by such strategies, business opportunities are less than before, less fish in the pond.

This new situation has forced the event management companies into implementing strategies of reducing costs themselves, simply decreasing the prices of their services. This was a very good step at the first glimpse, but looking thoroughly it had its side effects that has started to take place and will still go on for the next 6 months. Large companies reducing their prices to make up for the loses in business by increasing the number of jobs in hand, most of them took this decision without a proper study so some of them started to see loses now, the reduced prices, but not costs, or reduced prices by reducing costs affecting the quality of the work. Small companies, the biggest loser in the situation, when the large companies reduced their prices, this had a direct effect on the small companies, resulting into a lot of closure of most of them in the United Arab Emirates as well as other countries in the world, they lost their bargaining power, price. For the medium-size companies, they are the only winner in the business, their chances suddenly became better, they have the experience in cost-effective events with very good quality service.

Starting Up Your Own Property Management Business

Property management is a challenging job that demands a real estate license and considerable experience. If you have plans to have a property and rental management business, you can work with a reputable company with a management expertise on real estate properties. Although professionally to acquire a license in managing properties, you’ll have to accomplish the academic demands to earn it.

Starting your own company demands comprehensive study regarding the existing participants in handling properties that can be the major competitors and problems for a beginner. Beginners can start over whether from new customers who have an open requirement of a property manager or changing today’s management company. Next will need a considerable deal of persuasion and convincing, as why the user should want you over their existing or favored management company.

Setting up your own website is another way to make your presence known. With internet marketing and global awareness, you’ll be able to reach prospective clients anywhere and anytime. Before establishing a website, you must first verify your professional company name and your business’ legal address.

Working With E-Mail

E-mail has become one of the most important applications for computer users. It is quickly replacing the Post Office snail mail. With e-mail we can send variety of messages including video e-mail, pictures, links to Internet information, and more. Most e-mail users tend to save all e-mail. That can become a problem because e-mail systems have limits. Further, when Microsoft Outlook e-mail or a computer’s hard disk crashes all e-mail can be lost. In this article we examine in simple terms how e-mail works, Outlook’s limits, Gmail, and more to help you work more effectively with your e-mail.

A simple explanation has e-mail work similar to the postal mail with mail boxes and post offices. The mail boxes are our computers that hold the e-mail messages after they have been retrieved from an Internet post office. An Internet post office is a computer called a server that is most often dedicated to sending, receiving, and routing e-mail messages. The receiving side is often a POP3 (post office protocol 3) server, and the sending side is a SMTP (simple mail transfer protocol) server. Both POP3 and SMTP are performed by the same computer. For example, at one time the mail servers for Comcast e-mail were (I think that it is currently for the POP3 server) and Verizon has used and for e-mail servers. The current post office mail servers for Comcast and Verizon can be found by searching their web sites or calling customer support.

E-mail is created on our computer – the mail box. After it is composed it is sent to the e-mail server post office at your Internet Service Provider (ISP). The e-mail server checks the mail received to assure it was from you (and not some bulk e-mail distributor), then routes it to the destination post office server. This takes from seconds to minutes to complete. The e-mail message is held at the post office server until the recipient signs in to view or retrieve their e-mail. Generally, the e-mail is checked for attachments that could be viruses (EXE and similar files), and they are stripped from the e-mail. E-mail attachments have size limits. For some e-mail servers the limit may be 10 MB and with others is around 16 MB.

Why Use Business Catalyst

Adobe Business Catalyst is a content management system that consolidates at least 10 tools essential in Internet businesses. Tools for website management, e-mail marketing, and analytics, among others, are found in one central control panel. It is an all-in-one product, and it is very ideal for online businesses.

Users no longer need to move data in separate solutions, remember numerous log-in accounts, or wrestle with codes and techie stuff. Web design changes no longer require tinkering with codes, and users can point and click on Web elements to achieve the look they want for their sites.

Moreover, Web development companies can offer Business Catalyst -based sites to their clients; they can completely rebrand and make it their own. Business Catalyst works like a Web-hosting system with a file manager and FTP access.

Mailing List For Your Business

With ongoing financial pressures impacting marketing budgets for many organizations, email marketing has become the main methodology for many marketers. There is no question that every business needs to connect to its client base; this gives birth to the biggest challenge almost all companies face – how to create a successful email marketing campaign if you do not have a substantial email database? The answer is simple, by creating a business mailing list of all prospective clients and regularly updating it.

You can start by building an email address list of visitors to your affiliate website. An email list is essential if you want to be able to contact your website visitors after they have left your site, and you have only got one chance to get their email, and that is when they visit your website for the first time. Most companies have started to ask their customers for their email address information within their websites.

You can add an email address collection function on your company website and to improve your sign-up rates, you may add text below the email request box that informs your visitors about the special email benefits that they will receive upon registering. You can also utilize a pop-up link to inform users of these special benefits.