Businessman

Businessman

ThesaurusLegend: Synonyms Related Words Antonyms
Noun 1. businessman - a person engaged in commercial or industrial business (especially an owner or executive)
man of affairs
amalgamator - a businessman who arranges an amalgamation of two or more commercial companies
arb, arbitrager, arbitrageur - someone who engages in arbitrage (who purchases securities in one market for immediate resale in another in the hope of profiting from the price differential)
big businessman, business leader, magnate, top executive, tycoon, baron, mogul, king, power - a very wealthy or powerful businessman; "an oil baron"
bourgeois, businessperson - a capitalist who engages in industrial commercial enterprise
industrialist - someone who manages or has significant financial interest in an industrial enterprise
oilman - a person who owns or operates oil wells
operator - someone who owns or operates a business; "who is the operator of this franchise?"
owner, proprietor - (law) someone who owns (is legal possessor of) a business; "he is the owner of a chain of restaurants"
small businessman - a businessman who runs a business employing less than 100 people
suit - (slang) a businessman dressed in a business suit; "all the suits care about is the bottom line"
syndicator - a businessman who forms a syndicate
transactor - someone who conducts or carries on business or negotiations

Business Plan

Business Plan

Business Plan

* What is a Business Plan?
o Why prepare a business plan?
o What to avoid in your business plan

* Business Plan Format
o Vision statement
o The people
o Business profile
o Economic assessment

* Six Steps to a Great Business Plan
o Basic business concept
o Feasibility and specifics
o Focus and refine concept
o Outline the specifics of your business
o Put your plan into a compelling form
o Review sample plans

* Does Your Plan Include the Following Necessary Factors
o A sound business concept
o Understanding your market
o Healthy, growing and stable industry
o Capable management
o Able financial control
o Consistent business focus
o Mindset to anticipate change
o Plans for online business

* Formulate (and Reformulate) Your Business Plan

* Top Ten Do's and Don'ts

* Sound Byte Transcriptions

* Sample Business Plans

* Session 1 and 2 Business Plans

* Session Feedback
What Is A Business Plan?



Read Transcript The primary value of your business plan will be to create a written outline that evaluates all aspects of the economic viability of your business venture including a description and analysis of your business prospects.

Since the My Own Business, Inc. course is broken down into sixteen of the most important topics to consider in starting or operating a business, your business plan can easily be organized into this same format. Included in this session, and in each of the following sessions, there is one-page business plan template, which you can fill in and print. (Session 2 contains templates for both Sessions 1 and 2.) When you put these all together, you will have completed your personalized, overall plan.

We suggest that you fill in each section of the business plan, found at the end of each session, as you proceed through the course.

Each of the sixteen Business Plan Sections can be downloaded from our Web site and provide you with a single, attractively presented document. To begin, let's take a preview look at each of the 16 Business Plan Sections:

Click to view each of the 16 business plan sections

Keep in mind that creating a business plan is an essential step for any prudent entrepreneur to take, regardless of the size of the business. This step is too often skipped, but we have made it easy for you by providing this ready format to build your plan as you progress through this course.

Business plans can vary enormously. Libraries and bookstores have books devoted to business plan formats. This course is a starting point. You can then go on to design one that would be ideal for your particular enterprise.

Be aware now that most start-up entrepreneurs are reluctant to write down their business plan. It is, therefore, strongly recommended that you complete each segment of the plan as you progress through this course. We make it easy for you by providing sample plans for both product and service businesses and also an attractive blank form that you can download onto MS Word and customize yourself.

Your business plan will become your roadmap to chart the course of your business. But at the outset you cannot predict all of changing conditions that will surface. So after you have opened for business, it is important that you periodically review and update you plan.

Business Coach

Find a Business Coach:

3 Steps to Choosing the

Right One for You

People ask me all the time, "How do I know if you're the

right coach for me, and if you're not, how would I go

about finding someone?" I have no difficulty answering

this question honestly because I feel very strongly that

there truly is no competition.

There are three important pieces when finding the right

business coach, teacher, or mentor for you:

1.) You have to be in alignment with the person's

message. Does the way they market, the way they

present themselves, and the way they speak feel right

for you and feel right to you?

2.) Make sure they seem like they have a systematic

approach. For instance, I have the Help More People

system. They should have some kind of step-by-step

process or series of criteria used to help their clients

get from where they are to where they want to go.

3.) The third piece is – and this is the piece that makes

some people a little squeamish, but I just want to be

honest about it – you need to make sure that the

person has made a significant amount of money

beyond what your money goal is.

If your goal this year is to make six figures, you want

to make sure that person has proven themselves to

make at least $400,000, for example.

The numbers may be different in your situation,

but my point is that there are a lot of wonderful

people out there who have the best of intentions,

who are calling themselves marketing and business

coaches, but frankly they haven't even filled their

own practices.

So again, here are the three important elements to

look for when choosing a business coach:

- Be sure that they're in alignment with your heart

and with your message.

- They should have a systematic approach to

marketing and business.

- That they monetarily have gone past where you

want to be.

If you're wondering how to get this information before

hiring someone… ask them! It sounds a little bit

scary but it's true.

You should also keep these three elements in mind

when you're considering whose advice to follow, even

if you're not working with them directly.

I always choose about three people to follow at any

given time, and I let everything else go into a filter

that when I have a chance or I have time then I will

then catch up on it.

So instead of being subscribed to 20-30 different

ezines (which can make your life very difficult), only

subscribe to people who fit the three criteria I

outline and unsubscribe or filter out everything else.

If you are a business or marketing coach, remember

to evaluate your own approach from the perspective

of your clients through these criteria as well. The

people who need you most (your clients) should be

able to see that you are a good fit for them based

on these same three important pieces as well.

Make a Difference In Your Business

Are You Ready to Make a Difference

A series of global and economic changes puts us in a new

age of entrepreneurship - thank goodness. New ways of

doing business are emerging and some sales/business has

dried up and some has truly flourished. There is a difference.

I want you to know what is working and how you can build,

and build while others are scrambling to figure out what

went wrong.

There are three very key ways to make a difference and make

money right now. Do all three and you WILL make millions

while making a difference.

1) Listen. Many business owners keep selling (or pushing)

their products/services and they are not awakened to the

fact that people have changed, especially in the last year,

and want different things. There is a different need and desire

to make lasting change and if you just sell and do not

listen you are not aiming to make a difference. Ask your

clients what they want most and also pay close attention

to what is not said. You cannot make money selling what

you think people need - listen to what they want and be

ready to change, adapt, or grow.

2) Get Live! The technology gauntlet has swung. There

are so many x-boxes, ipad touches, tweets, and texts

that people are starving for human contact. How can you

connect with people one-on-one? There is no better way

to make that deep connection and find out how you can

help people. Plan a time to take people to lunch, host drinks

at an event you are attending, do a one day event, find a

local expo - and networking, networking, networking always

works when you work it. Live and in person IS THE NEW

social networking trend. ;-)

3) Pick up the phone! The best (please hear me out on this

one) BEST way to close sales and get clients right now is

picking up the phone and speaking to people. You must

make a connection and ASK for the sale. Take 100%

responsibility for your offerings and for helping people.

If you are looking to fill a program or get clients put on

a kitchen timer for 15 minutes, brainstorm a list of 25

people, then pick up the phone, show them how you

can help, and ASK for the sale. Don't hide behind your

computer ~ connect and ask!

To truly make a difference and make millions use the

NEW way to love clients up and be of service - go back

to basics... people want YOU. Connect now.

Business Tips

How To Set Up

An Offshore Company

Whether it is to save taxes, achieve greater business

freedom, protect assets, minimize reporting, or

maintain privacy, having an offshore company

(a company that conducts business outside the country

of incorporation) can be an optimum business solution.

Offshore company formation is popular amongst

international entrepreneurs, independent contractors,

consultants and traders.

Setting up an offshore company is simple with the help

of a corporate services company. The typical set up

procedures are as follows:

1) The hired consulting company collects the required due

diligence from the client.

2) The consulting company provides the client with

a detailed project plan, which includes steps to incorporate

the potential offshore company.

3) The consulting company proceeds to register the

offshore company with the suitable corporate structure.

This requires minimal client involvement.

4) After registration is complete, the consulting company

will provide the client a complete company kit including i)

original Certificate of Incorporation ii) a bound copy of

government-approved Memorandum & Articles iii) original

share certificates iv) an extract from the Public Register

illustrating company details available for public viewing

(if applicable) and v) an original government receipt as

evidence of payment of annual offshore company

registration license fees.

5) For invoicing purposes, the consulting company will

provide the client with a reputable international business

address, telephone and fax line.

It is important to note that exact offshore company set

up procedures and the duration vary according to the

jurisdiction. It is important to choose a respectable

jurisdiction that is free of any negative stigma of illegal

activities, such as money laundering and tax evasion.

Examples of popular jurisdictions in which to set up an

offshore company smoothly and relatively quickly are

Singapore and Hong Kong. These two ideal offshore

jurisdictions boast excellent international reputations to

customers, suppliers, investors, banks and other

organisations. For example, Singapore and Hong Kong

have strict client confidentiality and bank secrecy laws

and are not listed on OECD black or grey lists. This is

important, as they are not given any tax haven stigma.

Singapore and Hong Kong also have investor-friendly

business environments and are economically and

politically stable.

Regardless of jurisdiction, after offshore company

incorporation, it is advisable to consider the additional

ways your corporate services firm can assist your

offshore company to prosper. Services may include

financial services, such as assisting corporate bank

account opening, business website design and Search

Engine Optimisation (SEO), marketing services and

human resource services, such as staff recruitment

and obtaining employment visas.

Setting up an offshore company under the guidance

of a corporate services firm will help to ensure smooth

company registration and also provides the strategic

advice for successful business operation.