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Friday, March 11, 2011

what is meant by Forex or Forgein Exchange Trading



Most countries have their own national currency such as the US dollar, the UK pound, the Japanese yen and the Thailand baht and these are of course necessary for making payments for goods and services within each country's borders. However, in a world where we are traveling more and more and where countries are increasingly trading with one another, foreign currency is required to pay for cross-border sales of goods and services. This means that there must be some mechanism in place to provide access to foreign currencies, so that payments can be made in a form that is acceptable to the seller, and thus the need for a foreign exchange market (or forex market which is simply short for FOReign EXchange).

In its simplest form foreign exchange refers to money which is denominated in a currency other than your own. For example, if an individual exchanges his own currency for the currency of another nation then he acquires foreign exchange. Of course we often think of foreign exchange in terms of tourism and most of us will have traveled abroad either on holiday or for business and exchanged currency on arrival at our destination to pay hotel and restaurant bills and for taxis, sightseeing and shopping. However, foreign exchange is not simply limited to the relatively small sums of money handled by tourists, but applies equally to larger transactions such as the exchange of hundreds of millions of US dollars when a US company buys another company which is based overseas.




Broadly speaking, in the US any money which is denominated in the currency of another nation would be termed as foreign exchange and it is important to remember that we are not necessarily talking here about cash. Foreign exchange can also consist of money which is available through a line of credit (such as a credit card) or that is held in the form of traveler's checks. In other words, we still talk about foreign exchange for any negotiable instrument which is denominated in a currency other than the US dollar.

When we talk however about the foreign exchange market we are not really concerned with the exchange of small sums of currency by tourists, but are looking at foreign currency which is exchanged between an international network of foreign exchange dealers and is normally exchanged in what most of us would see as being very large sums of money. For example, one of main players in foreign currency trading is the major banks and here a US bank might need Japanese yen and thus deposit several million US dollars with a Japanese bank in exchange for Japanese yen.

Today an increasing number of small investors are able to participate in the foreign exchange markets and benefit from the profits to be made as the prices of national currencies rise and fall against one another. In general however the private forex trader does not himself trade in large sums of money but is able to trade by working through brokers who are themselves major players in the market.

Advantages and Disadvantage of Forex Trading




Forex, or Foreign Exchange, is the simultaneous exchange of one country's currency for that of another. This market of exchange has more daily volume, both buyers and sellers, than any other in the world. Taking place in the major financial institutions across the globe, the forex market is open 24-hours a day.

Currencies are quoted in pairs. The first listed currency is known as the base currency, while the second is called the counter or quote currency. In the wholesale market, currencies are quoted using five significant numbers, with the last placeholder called a point or a pip.

The forex market is one of the most popular markets for speculation due to its enormous size, liquidity, and tendency for currencies to move in strong trends. An enticing aspect of trading currencies is the high degree of leverage available.

Advantages of forex trading

Leverage. Huge leverage is available in Forex trading, often up to 100:1 meaning that large profits can be generated from small margin deposits.

Liquidity. The enormous size and global trading of the forex markets means that the markets in the major currency pairs are very liquid making trade executions almost instant with little slippage.

Ability to go short. Since currency trading always involves buying one currency and selling another, there is no structural bias to the market. This means a trader has equal potential to profit in a rising or falling market.

Trends. Fundamentally, the value of a country's currency is determined by interest rates and the strength of the economy in relation to other countries. Currencies, therefore, have a greater tendency to trend until the fundamentals change.




Disadvantages of forex trading

Leverage. With huge leverage available to forex traders the danger is that positions which carry too much risk for the account size can be taken on, leading to margin calls. Effective money management rules must be adhered to.

Brokers. Retail traders must use a broker rather than dealing directly in the interbank market. The broker will be the counterparty in all transactions and is, effectively, making the market. They can, therefore, widen spreads or even refuse to trade during volatile trading conditions. To avoid dealing with brokers an alternative to forex is to use futures. See online futures trading for more details.

Spreads. As the retail trader must use a broker to trade, they cannot deal at the interbank rates. A broker will generally quote a fixed spread of 3-20 pips depending on the currency pair. The underlying interbank rate might be as little as 1 pip.

Forex is a very large market but for most retail traders dealing with brokers the odds are shifted against them. Online futures trading provides a much more level playing field for most traders who want to take part in forex trading.

Benefits of Forex Trading




I can make big bucks through forex trading. Is in’t that obvious? you might ask. Ofcourse the biggest advantage of forex trading is its ability to make big money with less investment. But why is forex market more attractive that the other financial markets like share markets?

Why Forex Trading is so Popular?
Forex trading is attractive due to the several advantages it has over other financial instruments. Let’s see the major plus points of forex trading.

» Liquidity:
Probably the biggest advantage that the forex market has is that of liquidity. When you trade in stocks and commodities, you talk about their liquidity value – which is how swiftly you can convert them into hard currency. Here, you are trading live in currency! So, what more liquidity can you get?

» 24 / 7 Round the Clock
Since some country in the world is in day-time always, the forex market is open round the clock. Depending on where you are, you can choose your trading windows, and keep on trading! So, no more worrying about the markets closing for the day.




» Leverage
Another very big benefit of Forex is the possibility of high leverage. Depending on your deal with the forex broker, you could get up to 200 times leverage on the amount you invest. So, if you put $ 10 in the market, you could control currency of up to $ 2000! Think about the profit you could make with such leverage.

» Low fees
If you are a compelling trader, you will love this one. The fees and commissions involved in trading forex are among the lowest across all financial sectors, and that is massive savings for you if you are serious about forex trading.

» Automated Forex trades
If you are using a forex trading platform that is automatic – like a forex robot, you can just tweak the system exactly in the way you want it to run, sit back, and look at trades happening automatically. This seldom happens in any other financial market or business.
The above factors are but a few of the top advantages of forex. You will find several more benefits of forex trading as you get into trading and go along, which makes it the best option to make money compared to other trades. Have fun with forex!

21 Ways to Make a Quick Buck 2000 Dollars Fast


Let’s say you need some quick bucks – 2000 bucks, to be specific. How is it possible to make 2000 dollars fast short of finding it on the street or stealing it? (Don’t count on the first, and don’t do the last.) To help you make some money, here are twenty-one quick ways to make a buck when you need it. Note that some of these may not be sustainable, so you won’t necessarily be able to repeat them. They are more ‘one off’ uses, so be sure to use them when you truly need them! In addition, consider combining them to have multiple revenue streams working for you at the same time.

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1.First, you can’t simply sit around and think “I need 2000 dollars fast,” and expect it to appear. You’re very, very unlikely to find some quick and easy and effortless method to get the money you need. Making money is about providing value. In some way or another, you will have to provide value or leverage value to another individual to get that $2000, short of finding a treasure chest or something. Free money doesn’t exist, so get up and moving.

2.Define your time frame. Do you need to make this money today? By the end of the week? In a month? You need to know how much time you’re playing with here. The more time, the more options, and the less drastic you’ll have to act. The ways that follow will be organized from ‘longest’ time frame to ‘shortest,’ though all of them will be relatively recent (within a month at most).

3.You could try to make money online. This is probably the first place you should start, given the fact that it’s a very low-barrier to entry business to get into. There are plenty of ways to earn decent money over the internet. You could fill out surveys, try your hand at article and freelance writing, or complete other offers. You could also freelance for other people, depending on the skills you have at your disposal. Think of what you can do or offer that would provide value to someone you could connect with over the Internet.

4.There are also many systems out there that can help you on your way, especially if you are new to the scene and need to learn the basics. For instance, this e-book product gives you a list of 250 ways to make money online. While we can’t list that many here, this product can definitely give you many ideas for you to form your own part-time or full-time online business. Check it out here.
5.You can also sell your possessions. If you have a large item that you don’t need, like a car or TV, you’ll be able to make more money. It is possible, of course, to sell smaller items like books, CDs, and DVDs, but you probably won’t make much per sale. You’ll thus have to make hundreds of sales to meet your goal. As for venues, offline yard sales, flea markets, and pawn shops are fine, but online is probably the best bet. Try sites like craigslist, Amazon, and Ebay.

6.How about selling your skills, either online or offline? For instance, if you are smart, you could tutor kids in subjects you’re good at. If you’re a good musician, consider giving lessons to people. If you can speak a 2nd language, offer lessons. If you can’t speak another language, don’t count yourself out of this idea – you could even give lessons in your native language as well!

7.Check out Craigslist. Some will post short-term work. Some of it may be menial and below your “pay grade,” but at the very least you’ll make some quick cash.

8.A note – watch out for scams. If people know that you are desperate for money, they may be more willing to try to scam out, as they think your desperation will overwhelm your reason. Don’t let this happen – if it’s too good to be true, it most likely isn’t true at all.

9.Find other people’s “junk” and try to flip it for a profit. This works well if you are good at fixing things, like cars or computers. Simply pick up people’s junk for pennies on the dollar, refurbish it, and flip it. In fact, if you were really good at this, you could make it into a business down the line. Try driving around your town to see what people are throwing out. You may find furniture and other items that just need a little TLC to be back to new condition. You can then sell these for a profit, too.

10.Reduce your expenses. Granted, this is not ‘earning’ money per se, but if it leaves more money in your bank account, what’s the real difference? Cutting back on food, entertainment, and other non-necessities may be the ticket, coupled with canceling internet, TV, and so on. If you are desperate, you are going to have to resort to desperate measures.

11.Try part time work, either on your own or through a company. Completing odd jobs for people, like mowing lawns, landscaping, cleaning, and babysitting, could earn you some decent money quickly.

12.If you have extra time, consider a part-time job. You may be able to work evenings or weekends, especially if you already have a full 9-5. This is not a great long-term option, as you will burn out eventually, but it can be good for a quick fix.

13.Borrow money from your friends or family. You’ll have to swallow your pride with this one, but it’s a great way of scoring a near interest free loan. If you do this option, make sure you fill out a contract that will specify the terms of the agreement. This is necessary to avoid any fights, disagreements, or awkwardness later, and to protect all parties involved.

14.Borrow from retirement accounts and other investment vehicles. While you may pay a penalty to do this, it may be worth it if it helps you avoid a more severe penalty elsewhere.

15.Try writing an E-book. If you have knowledge or skills to sell that others want to know about, info products are a great way to leverage your time and talent. Don’t worry about having to make it a long tome – your E-book could be 10-20 pages. Simply call it a “report” and sell it for $7. You can then get an army of affiliates to peddle your book; thus, you can leave the marketing efforts to those who are best at them. Granted, you’ll have to share some of your profits in the form of commissions, but you’ll probably make more this way than if you tried to do it all yourself.

16.If you are really new at the make money online game, take a look at this e-book – it can give you the basics, the fundamentals if you will, that you will need to start your own business. You can visit the product’s site by clicking this link right now.

17.Keep your eyes peeled for online and offline jobs and opportunities to make quick money.
Medical research, surveys, and other events may be one-off times to make some quick money. You will only know if you notice them, though.

18.You might be able to get a 2000 dollar loan from a bank or loan company, though it may not happen as quickly as you’d like. Check out online microloan and e-loan companies, both of which may be able to get you the money quicker, and perhaps even with a lower interest rate.

19.Apply for a new credit card. This can be risky if you’re going to have problems paying it off, and may not work for some needs, but it’s a decent proposition if nothing else is available for you to get 2000 dollars fast.

20.Perhaps the most extreme option is a payday loan. These are usually never a good deal, even if you do happen to avoid the nasty scammers out there who will annihilate you. The APRs you pay on these can be absolutely brutal, so be very careful to read over the terms of the agreement to make sure you’re not going to get hammered in the end. Some payday loans could cost you many times the worth of the loan if you get a nasty APR!

21.Before taking any drastic measures, some of which are described above, make sure it’s worth it. If you need the money to put food on the table or keep the lights on, then it’s worth it. If you need that money to buy tickets to the latest sports game or concert, perhaps you should reevaluate your priorities before going in and making a decision that could affect you in the long term.
Have any more ways? Leave them in the comments below!

Monday, March 7, 2011

Marketing Basics for the Small Business




The essence of marketing is to understand your customers' needs and develop a plan that surrounds those needs. Let's face it anyone that has a business has a desire to grow their business. The most effective way to grow and expand your business is by focusing on organic growth.
You can increase organic growth in four different ways. They include:

•Acquiring more customers
•Persuading each customer to buy more products
•Persuading each customer to buy more expensive products or up selling each customer
•Persuading each customer to buy more profitable products
All four of these increase your revenue and profit. Let me encourage you to focus on the first which is to acquire more customers. Why? Because by acquiring more customers you increase your customer base and your revenues then come from a larger base.

How can you use marketing to acquire more customers?

•Spend time researching and create a strategic marketing plan.
•Guide your product development to reach out to customers you aren't currently attracting.
•Price your products and services competitively.
•Develop your message and materials based on solution marketing.
The Importance of a Target Market in Small Business

When it comes to your customers keep in mind the importance of target marketing. The reason this is important is that only a proportion of the population is likely to purchase any products or service. By taking time pitch your sales and marketing efforts to the correct niche market you will be more productive and not waste your efforts or time.




It's important to consider your virtual segmentation by selecting particular verticals to present your offerings to. Those verticals will have the particular likelihood of purchasing your products and services. Again, this saves you from wasting valuable time and money.

Small Business Marketing and Large Business Marketing are Different

If you are like the majority of small business owners your marketing budget is limited. The most effective way to market a small business is to create a well rounded program that combines sales activities with your marketing tactics. Your sales activities will not only decrease your out-of-pocket marketing expense but it also adds the value of interacting with your prospective customers and clients. This interaction will provide you with research that is priceless.

Small businesses typically have a limited marketing budget if any at all. Does that mean you can't run with the big dogs? Absolutely not. It just means you have to think a little more creatively. How about launching your marketing campaign by doing one of the following:

•Call your vendors or associates and ask them to participate with you in co-op advertising.
•Take some time to send your existing customers' referrals and buying incentives.
•Have you thought about introducing yourself to the media? Free publicity has the potential to boost your business. By doing this you position yourself as an expert in your field.
•Invite people into your place of business by piggybacking onto an event. Is there a concert coming to town, are you willing to sell those tickets? It could mean free radio publicity. If that is not your cup of tea, how about a walkathon that is taking place in your area, why not be a public outreach and distribute their material?
When you do spend money on marketing, do not forget to create a way to track those marketing efforts. You can do this by coding your ads, using multiple toll-free telephone numbers, and asking prospects where they heard about you. This enables you to notice when a marketing tactic stops working. You can then quickly replace it with a better choice or method.

Getting Started with Small Business Marketing

By being diligent in your marketing and creating an easy strategy such as holding yourself accountable to contact ten customers or potential customers daily five days a week you will see your business grow at an exceptional rate. The great thing is it will not take a large marketing budget to make it happen.

Saturday, March 5, 2011

Starting a Small Business in Canada




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Starting a business in Canada may seem overwhelming at first. There are just so many things to do! This guide to the starting a business resources on the Small Business Canada site is designed to help you make your dream of starting a business a reality.

Each step of this starting a business in Canada guide links to detailed information that will show you how to complete that step. The steps are roughly in order but you don't need to follow the order slavishly when you’re starting a business. It really doesn't matter if you complete step 3 of starting a business in Canada, for instance, before you complete step 2.

Steps to Starting a Business in Canada
1) Come up with a good business idea.

One thing that's the same about starting a business in Canada as starting a business anywhere else is that you need a good business idea first. Follow the link above to find collections of small and home-based business ideas you can browse through, how to come up with winning business ideas of your own, and how to test the viability of your business idea once you've chosen one.

2) Write a business plan.

My Writing a Business Plan series that starts with this Business Plan Outline will lead you through the process of writing each section of the business plan. You'll find more information, including links to sample business plans, in the Business Plans section of this website.

3) Choose a winning name for your business.

When choosing a business name, there are two things to consider; the business name's marketing potential and its legal elements. The link above will take you to the information you need to choose the best possible business name for your new business when you're starting a business in Canada.

You can also visit the Small Business: Canada Forum for help brainstorming a catchy name.

4) Choose a form of business ownership.

What forms of business ownership can you choose to legally structure your business when you're starting a business in Canada? What are the advantages and disadvantages of each of the forms of business ownership? These resources will help you choose the best form of business ownership for your new business.

5) Register your business name.

Business name registration is a legal requirement for almost all businesses in Canada. Find out whether or not you have to register your new business’ name and learn all the details about business name registration for starting a business in Canada here.

6) Find small business financing.

While many new small businesses are financed out of their owners' pockets, many others need an infusion of funds from other sources to get off the ground. This page presents the main small business financing options for financing a new business in Canada.

7) Get a business license.

While not necessary for all businesses, many new businesses will need to get business licenses before they can operate legally within their municipalities. If your city or town doesn't have a website, you can find the information in the blue pages of your phone book.

You may also need other licenses and permits depending on what kind of business you're starting. Industry Canada's BizPaL is a really useful tool for finding out what permits and licenses you'll need to do business. Available in most provinces and territories, BizPaL will provide a personalized list of the business documents you need for all levels of government.

The steps for starting a business in Canada continue on the next page. Click to read about the five other steps you need to go through when you're starting a business, including registering for the GST/HST, registering for PST, and getting your business records off to a good start.

8) Register for the GST/HST.

Although GST registration is mandatory for all businesses in Canada, there are exceptions. Find out who has to register for GST, why voluntary GST registration can be advantageous to your business, how GST in Canada works and what the GST registration process is with these GST HST resources.

9) Register for the PST.

Before starting a business in Canada, you may also need to register as a collector of retail sales tax (RST), also known as provincial sales tax (PST). Do You Have to Register for PST or RST? In provinces such as Ontario and B.C., provincial sales tax registration is called registration as a vendor. The PST/RST library includes links to provincial sales tax information in various provinces, to make it easier for you to register for, and learn how to collect and remit provincial sales tax in your province.

10) Prepare to have employees.

When you're starting a business, hiring employees may be the furthest thing from your mind, but it's amazing how quickly a business can grow. And once you have employees, your business will probably need to register with the Worker's Compensation Board in your province. My Guide To Workers' Compensation Insurance explains who has to register for Workers' Compensation insurance and how to register; Workers' Compensation Insurance has links to the Worker's Compensation Boards in every province, where you can register online in some cases.

Find out more about hiring employees, employment standards, E.I. and other employee issues in my Human Resources Management Library. The Payroll Taxes section includes Employer's Guides, T4 slips, the ROE - all the forms and details you need to manage your employees' payroll deductions.

11) Buy other kinds of business insurance.

Protect your new business by making sure that you have the kinds of business insurance you need. Do You Have The Business Insurance You Need? explains what property, liability, business interruption, key people, and disability insurance are. Find out more about these types of business insurance in the Insurance library.

Learn about home-based business insurance and how to save money on the cost of business insurance in general in Home-Based Business Insurance.

12) Get your business records off to a good start.

If you keep good records from the first moment you're starting a business in Canada, things such as accounting and paying taxes become so much easier. Get your business records off to a good start with 7 Ways to Make Record Management Easy and 7 Ways to Control Chaos in Your Small Business.

Want to know more about accounting and/or bookkeeping? See these Accounting and Bookkeeping Resources. Learn how to set up filing systems and handle receipts with these Data Management articles. Find out more about business expenses and tax deductions in this collection of articles on Small Business Tax Deductions.

Where to from here?

The Starting a Business FAQ provides answers to common questions such as whether or not you need a business bank account and how to find small business start up money. Visit the Small Business Financing section for information on small business grants and loans. Browse the Starting a Business library to read other articles about starting a business. Or if you prefer, sign up for the Starting a Business in Canada Course which covers the topics outlined in this article.

Two major concerns for people starting a business are management and marketing. The Marketing and Business Management hubs on Small Business: Canada contain many articles that will help you market your product or service and manage your new business successfully.

There is also a Business Terms Glossary that you may find useful. Best of luck in your new venture!

Friday, March 4, 2011

Why Starting Business In Holland




Due to its central location the country is an ideal base for global or European headquarters of international companies. Holland has always been a major trade hub and has a very open economy. And as a highly developed country it has a lot to offer for companies and people that choose setting up business or to live here. But there are more good reasons for setting up your business in Holland:

The Dutch tend to speak their languages. Most people understand and speak a good deal of English, and German and French are languages that a relatively large number of Dutch people master. This is partly due to the high standards of education, but also because people realize that as a small but open country, knowledge of foreign languages is a big advantage. And the Dutch quite easily look and travel across borders. We're also a multicultural country. Amsterdam for example holds the largest number of nationalities of any capitol in the world. And our political and financial system is considered to be very stable.

Furthermore the (tax) regulations are relatively advantageous for foreign investors and companies setting up business. Dutch government and community welcomes foreign companies and can offer all kinds of support and information to make this easier for you. Apart from that distances between major cities are small, infrastructure is very well developed. This also applies to the IT infrastructure, and the Dutch are very tech-savvy. Last but not least Holland is considered an ideal "test market" for trying out new products and services for the European market.




These are only a few of the reasons to consider Holland for setting up your Benelux, European or EMEA headquarters. More information can be found at the EU pages concerning business in The Netherlands, the site of the official government agency for foreign investment and, for more specific info about Amsterdam and larger surroundings, the business pages of "I amsterdam".

Some background information about The Netherlands

First of all: Holland and The Netherlands are both names commonly used for one and the same country. However, the official name is The Netherlands, whereas Holland would point to 2 provinces in the west (North- and South-Holland) where major cities like Amsterdam, The Hague and Rotterdam are located. Amongst people from abroad our little country is mostly called Holland, so we'll stick to that most often here.

The Kingdom of The Netherlands is a constitutional monarchy, with our queen being the formal head of state. We have a parliamentary democracy with a government formed by representatives from democratically chosen parties and headed by our prime-minister. The capitol is the famous city of Amsterdam, which actually has only around 750.000 inhabitants. The government seat is the city of The Hague, the 3rd largest city after Amsterdam and Rotterdam. Holland is well known for its tulips, windmills, cheese (Gouda) and wooden shoes, but also for its liberal policies towards cannabis and some other issues.

Holland is amongst the most highly developed countries in the world, ranking 6th in the latest Human Development Index at the end of 2008, and 9th in the previous report. It's also a very densily populated country, with a dense network of roads, highways and railroads. Holland is home to one of the major ports in the world, Rotterdam, and a large European airline hub, Schiphol airport near Amsterdam. Holland has approximately 16,5 million inhabitants. Holland borders Belgium to the south and Germany to the east. National sport is soccer (football), with ice skating and field hockey also being popular

Start Small Business In Spain




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Essential steps, tips and practical advice to start a business in Spain.

In this article we will focus on the practical aspects of starting a business in Spain. However, we assume that before you begin to start your Spanish business and undertake the parade of legal requirements, that you:

1.already have a solid business idea;
2.have done sufficient market research to confirm the economic viability of your proposed business (if you don’t know how to do this, I recommend that you go buy a book on the subject or hire a consultant);
3.ideally have previous experience in your intended industry;
4.speak, or one of your business partners speaks, fluent Spanish.
These are the pillars of a successful business in Spain.

Note: The information contained here in “Start a Business in Spain” is just a guide and should not replace the professional advice of a lawyer, gestor, business consultant, accountant and/or financial advisor. I encourage you to make friends with these professionals early in the start-up process.

Start a Business in Spain: the Six Essential Steps
1.Choose a name for your business (and register it).
2.Choose a legal business structure.
3.Create a business plan.
4.Find financing.
5.Find a location.
6.Secure licenses and permits.

1. Choose a name for your business

A good business name is your business’s first asset in Spain. You can choose to register your business name with Spain’s Business Name Registry (Registro del Nombre Comercial), which in theory gives the nameholder the exclusive right to use that name for commercial purposes. Business name registration is optional and is handled by the Industrial Property Registry (Registro de la Propiedad Industrial). When you register a business name, you will need to provide proof of registration for IAE tax (Impuesto de Actividades Económicas).

The various sociedades can have a brand or commercial name different from their official business name. (See Companies in Spain: The Types of Business Entities for Companies in Spain for more information on sociedades.)

2. Choose a legal business structure

Spain offers several legal business structures, also known as business entities, to suit a variety of needs, each one with a different set of legal and fiscal responsibilities. Choosing the right one is important to accommodate your business-to-be’s present and future goals. The legal business structures in Spain are (links take you to the relevant bit on our Companies in Spain: The Types of Business Entities for Companies in Spain page):

◦Sole Trader or Sole Proprietor (Empresario Individual or Autónomo)
◦Comunidad de Bienes (C.B.)
◦Partnership (Sociedad Civil)
◦Public Limited Company, or Corporation (Sociedad Anónima or S.A.)
◦Limited Liability Company (Sociedad de Responsabilidad Limitada, S.R.L., or S.L.)
◦New Enterprise Limited Company (Sociedad Limitada Nueva Empresa)
◦Worker-Owned Company (Sociedad Laboral)
◦General Partnership (Sociedad Colectiva)
◦Limited Partnership (Sociedad Comanditaria)
◦Cooperative (Sociedad Cooperativa)
3. Create a Business Plan

Whether to attract investors or create a road map for growth, every business needs a business plan. Any good start-up business book should contain a chapter outlining the essential elements of a good business plan. Here is one such outline of a business plan’s elements (in English). However, there are two more things that you should keep in mind:

Language. If you plan on looking for Spanish financing or investors, your business plan needs to be in Spanish. On the other hand, if you plan on looking for a combination of Spanish and international investors, you should have both a Spanish and English version of your business plan available for everyone involved.

Getting help. The local Chambers of Commerce in Spain (Cámaras de Comercio) offer free business plan advice and support for entrepreneurs. Find a Chamber of Commerce in your area.




4. Find financing

Adequate business financing is key to any business, so don’t discount any option just yet, including the following:

Personal Financing

Especially for low-capital intensive small businesses, dipping into your savings (or asking friends or family for gifts or loans) might possibly be the shortest and best route to getting your business started.

Loans (Préstamos)

Available for residents and non-residents alike, loan conditions vary according to the size of the loan needed (or if it’s considered a microloan), the amount of collateral, the financial institution and other factors. You may be required to pay the loan back in as little as three years or in some cases as many as fifteen. Payments could be required monthly, quarterly or semestrally. Check with Spain’s ICO (Instituto de Crédito Oficial, in English and Spanish) or any major bank (banco) or savings bank (caja de ahorros). Just be sure to shop around.

Grants (Subvenciones or Ayudas)

Grants are available to new and existing businesses on the municipal, provincial, regional, national and European Union level. Grant conditions vary widely, but grants are commonly available for businesses in certain industries or sectors, creating employment in particular areas or employing certain disadvantaged populations.

Check with your municipal, provincial and regional government, or your local Chamber of Commerce, for available grants. Check DGPYME (Dirección General de Política de la Pequeña y Mediana Empresa) for Spanish grants and Guide for European Union grants.

Angel Investors or Business Angels

Angel investors are private investors who invest in new or existing businesses for a variety of personal or financial reasons. But angel or not, angel investors expect a good return on their investment like any financial institution would. The advantage of an angel investor is that investment conditions, and the amount of risk they are willing to assume, vary widely. Sometimes when a bank turns you down for a loan, an angel investor might just come to your rescue. Check with the Spanish Business Angels Network (Red Española de Business Angels).

Lines of credit (Cuenta de crédito or póliza de crédito)

A line of credit during the start-up phase can be considered a peace of mind loan for those extra unanticipated costs (which there will be and you should plan for, by the way). You pay interest on the borrowed money when you need it, and a commission for the privilege of having a line of credit when you don’t. Interest rates can be fixed or variable and terms are often for one year.



It may be possible to secure a work visa based on opening a business in Spain."5. Find a location

Once you’ve considered who your customers are, where they will come from, what kind of facilities you will need to accommodate your business (i.e. Will you need space for dressing rooms? Will you need a warehouse? Do your delivery drivers need parking?) and whether you need to be near certain other types of businesses, then you can start searching for a location for your business.

Walk around your intended area and look for signs such as “traspaso”, “en alquiler”, “local disponible”, etc. Jot down the phone number and give them a call. Or use an experienced local real estate agent. Or a website such as Fotocasa.es, which lists offices and commerical locations all over Spain for lease, rental or purchase. (See “Leasing of premises” and “Purchasing of premises” for information on requirements from the Madrid Chamber of Commerce.)

6. Secure licenses and permits

You’ll need licenses and permits from your respective municipal and regional governments. Check with your local ayuntamiento and comunidad autónoma for the latest requirements.

To get an idea of what may be required, in the city of Madrid for example, a license (licencia urbanística) must be obtained if you intend to build, change, renovate or demolish anything (interior or exterior) where you will conduct your business. License fees vary depending on what exactly you’re doing and how many square meters you’re doing it in. Current fees in Madrid range from €50 to upwards of €1,500.

Then there’s the opening license (licencia de apertura), which may include the submission of floor plans indicating all installations OR an official Proyecto Técnico that details such things as what the market rate for the equipment you’re going to use is, and other such documents.

If you’ve bought the location where you’re going to set up your business, then Madrid also requires you to register at the Registro de la Propiedad Inmobiliaria.

On a regional level in the Comunidad de Madrid, certain business activities are required to obtain activity-specific licenses, such as travel agencies, tattoo parlors, auto body repair shops, etc. Some licenses you will have to pay a fee for.

Depending on what your proposed business is, other types of licenses may be required as well.

Not a license per se, you should also be prepared to charge Value Added Tax on goods and services (Impuesto sobre el Valor Añadido, IVA), which ranges from 4-16%. The tax rules are governed by different plans (regímenes) depending on what your business is. Check with the national Agencia Tributaria and your tax or financial advisor regarding your tax and reporting obligations.

Your business will also need a “Visitors Book” (Libro de Visita). You must acquire it from your province’s Dirección Provincial del Ministerio de Trabajo y Asuntos Sociales and have it available at all times for labor and Social Security inspectors.

Once you’ve successfully chosen a name and a legal structure for your business, created a business plan, found financing and a location and secured licenses and permits, then you can start to hire employees, create a website, advertise and perform all the other tasks that will contribute to the success of your very own Spanish business.

Self-Employed/Investor Work Visa (Visado de Trabajo por Cuenta Propia)

It may be possible to secure a work visa based on opening a business in Spain. However, among other things, you will need to prove that the business will be able to support you after the business costs have been deducted, that you are qualified to do whatever it is that you propose to do in Spain and that you can finance the proposed business. You must also apply for the visa in your home country.

Small Business in Russia




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Doing business in Russia has long endured negative stigma including accounts of corruption and unlawful criminal gangs (see video below). Those wise enough to look through theses often embellished stories, nevertheless, have profited from Russia's vibrant economy which has seen a decade of growth averaging over 6% per annum.



The current prospects for business in Russia remain just as bright. According to economic forecasts, the annual growth of consumption is 1.7-1.8% per year, largely due to a new middle class that will constitute 50-55% of the population by 2010.



Although we are by no means business specialists, we have put together a general overview of business in Russia. Since legal and financial complexities can often be a barrier to those considering new business ventures, our goal is to put things in layman's terms and provide links to the best, most relevant resources. This information, nonetheless, is not exhaustive and we encourage use of professional business consultants before making any important financial decisions.

1. Types of Business Entities


There are several options available to foreigners who want to start a business in Russia. These include...

Register with state authorities as an individual entrepreneur (commonly referred to as a sole proprietorship).
This is not a legal entity but an extension of the individual, meaning you are personally liable for all obligations of the business, including debts.
Can be a suitable option for those providing consultations or similar types of service.
Once registered as an individual entrepreneur, you become a Russian tax resident and must submit a Russian Personal Income Tax Declaration.
Russian Tax Residents (employed or operating under a sole proprietorship) are required to submit a report of their work (and other) income received in Russia.
If you live in Russia for less than 183 days (non resident status) you still must report income received in Russia, but should be subject to exemptions when paying income tax at home, thanks to Double Tax Treaties between Russia and your country of residence.
The deadline for submission of personal income tax in Russia is April 30 of the following year.
As of 2006, personal income tax rate is 13% for residents and 30% for non-residents. (more Russia tax info below)


Use a Representative Office (RO) or Branch to establish a presence in Russia.
Representative offices and branch offices are not regarded as legal entities. They only act on regulations of the legal entity that created them.
A representative office only represents the interests of the foreign legal entity while a branch is established to carry on the Russian business activities of the foreign legal entity in its own name.
Representative offices and branch offices of Russian companies do not need to be registered by the state, however it is necessary that they be registered with both the tax authorities and the social funds in the place of their location.
The management of a foreign legal entity must annually file a report on its activities with the State Registration Chamber of the Ministry of Justice of the Russian Federation.


Finally, foreigners may create a Russian legal entity in the form of a Limited Liability Company (LLC), a public or a private Joint Stock Company (JSC), or a Partnership.
The LLC and JSC can be founded by an individual or by a legal entity (either foreign or Russian).
Creating a legal entity provides greater protection than registering as an individual entrepreneur (sole proprietor) since assets and liabilities of the LLC and JSC are legally isolated from those of the founder.
It is possible for one individual to create a legal entity. When registering under sole ownership, however, the founding document, or Charter, differs from a typical corporation. In such a company there is no management body such as the Board of Directors. All decisions are taken by the sole founder, and as a result, procedural requirements such as the General Meeting do not apply.
Foreign individuals and foreign companies can be founders and shareholders in any number of companies.
For more information, look at this comparison table provided by VFBS, which outlines the main types of legal forms you can choose to start your business in Russia.




2. Registering a New Business in Russia


To keep it simple, we've used an example provided by The World Bank. The example is for a standardized company (a private LLC) set up in the city of Moscow.

Notarize foundation documents.
Deposit capital in the bank and get a proof thereof.
Pay registration fee.
Register with the Federal Tax Service of the Russian Federation (former Ministry of Taxation) at the local level for concurrent tax registration and registration with the State Pension Fund, the State Fund of Social Insurance and the State Fund of Compulsory Medical Insurance ("Funds").
Notarize Registration Certificate, Tax Payer Identification Number Certificate and Bank SignatureCard.
Open the company bank account.
Inform Ministry of Taxation of the Russian Federation of the company bank account number and obtain a special letter of confirmation.
Register the company with Moscow Center of Quotation of Work Places.






3. Paying Taxes in Russia


Updated October 2007



Russian Income Tax for an Individual Russia has a uniform income tax of 13% for residents (on most types of income). Dividend income for residents is 9%.
Non-residents pay an income tax of 30% for all types of income.
A resident is defined as one who spends 183 days or more per year in Russia in a calendar year. Russian tax residents must pay income tax on worldwide income.
Non-residents (fewer than 183 days/year in Russia) pay income on work in Russia, plus property and investment income made within Russia.
An employer is obligated to deduct, each month, the amount of tax and national insurance due from a salaried worker.
A self-employed individual is obligated to make advance payments on income tax that will be offset on filing an annual report. In the case of a new business, the advance payments will be calculated on the basis of the business owner's estimate. The advance payments will be made at least 3 times per year.


Russian Corporate TaxThe standard rate of Russia corporate tax is 24%.
The tax on company profits is made up of 2 rates:
6.5% Federal Tax
17.5% Regional Tax
Small/medium companies and individuals meeting certain criteria can choose an alternative "simplified tax system".
The simplified tax system substitutes profit tax, individual tax, VAT and property tax. The tax rates are 6% of the profit, or 15% of "profit before expenses".


Russian Capital Gains (for an individual)Like tax on regular income, the tax rate for capital gains is 13% for a resident and 30% for a foreign resident.
Russian tax residents are exempt from tax for the sale of real estate or other assets that have been held for 3 years or more.


Russian Capital Gains (for a corporation)The standard rate of tax for a corporation is identical to the tax on its regular income.
A capital loss on the sale of a fixed asset may be offset against income in the following years. The offset is spread over the remaining useful life of the asset that has been sold.
There is no cost inflation adjustment for capital gains.


UST - Unified Social TaxUST consists of contributions to the Pension Fund, Social Security Fund and Obligatory Medical Insurance Fund.
As of January 1, 2005 the rate for employers is 26%, up to an annual ceiling of 280,000 Rubles.
For income of 280,001 to 600,000 Rubles the employer pays an additional 10%.
For income greater than 600,000 Rubles the employer pays an additional 2%.


VAT - Value Added TaxIn general, revenue originating from the supply of goods, works and services in the territory of the Russian Federation and from the import of goods is subject to an 18% value added tax unless specifically exempted by the Tax Code.
VAT is imposed in Russia if the products or services are consumed or used in Russia.
Exemptions are granted for exported goods or services used outside Russia.
VAT is imposed on imports or services used in Russia.


Reporting Dates and PaymentThe tax year in Russia is the year ending on December 31.
An individual whose income is from a wage is not obligated to file an annual return. The employer deducts tax from the employee and transfers it to the Tax Authority every month.
An individual who is self-employed is obligated to make 3 advance payments: on July 15, August 15 and Nov. 15.
A self-employed individual must file a return by the end of the month of April following the end of the tax year. The balance of the tax due, after filing the annual return, is to be paid by July 15.
It is compulsory for a limited company to submit the financial statements by March 30.
During the course of the year, the company is obligated to make advance monthly payments. Prepayments are based on the profit in the previous quarter.
Small businesses are not obliged to make advance payments.
Fines are imposed on the submission of returns after the date prescribed.


Detailed Russia Tax Links and ResourcesPaying Taxes in Russia - The World Bank
Overview of Taxes on Income and Transactions
Federal Tax Service (translated to English with Google)






4. Russian Business Culture


Russian business culture is quite distinct from that in western nations. This is due largely to a history of collectivism, which has shaped a nation where co-operation and collaboration are standard practice in businesses, and where fierce competition, even amongst rival companies, is not as prevalent.



Structure and HierarchyThe hierarchical structure is widespread in Russian business.
Even though a hierarchical structure is common, most employers still seem to promote a flexible and democratic work environment, where everybody has a voice.
Showing respect for seniority and recognizing the hierarchical structure is vital for establishing and maintaining strong business relationships.
Work Relationships in RussiaRelationships between business partners and co-workers in Russia tend to be somewhat more personal than in the west where distance and formality are the norm.
Things like hugging after a meeting or asking about personal matters such as family are considered acceptable during business dealings.
Meetings often involve drinking vodka, eating sweets, and talking about everyday life.
In situations of conflict try to avoid taking an official stance and remember that Russians are people orientated and will respond to a more personal approach.
Business Practice in RussiaBusiness cards are essential. If possible, ensure that one side is printed in Russian and the other in English.
It is perfectly acceptable to bring a gift to your first meeting. Popular gifts include chocolates, a local souvenir from your home country, or an item that displays your company logo.
Russians aren't always punctual. Don't be alarmed if a business partner is 10-15 minutes late for a meeting.
Generally, the head of the organization should open a meeting, and introductions should be made in order of importance.
Although many principal concerns are discussed in an informal environment, final negotiations will be conducted in the office.
Signing documents is an essential business practice in Russia. As a rule, Russians have little faith in unsigned agreements.






5. Business Directory


Doing Business in Russia - OverviewDoing Business in Russia - The World Bank
PricewaterhouseCoopers Russia
Doing Business in Russia 2007 (pdf) - Baker & McKenzie
Russian Labor & Migration Legislation
Legal & Financial ServicesVISTA Foreign Business Support
Alinga Consulting Group
Alps & Chase Foreign Business Consulting
White & Case
Law Offices Egorov, Puginski, Afanasiev & Partners
Dewey & LeBoeuf LLP
Baker & McKenzie
Allen & Overy LLP
Banks & Financial InstitutionsAlfa-Bank
Sberbank
Guta Bank
Russian Trade & Business OrganizationsRussian Chamber of Commerce and Industry
Moscow Chamber of Commerce and Industry
Saint Petersburg Chamber of Commerce and Industry
American-Russian Business Council
Canada Eurasia Russia Business Association
Mid-Atlantic - Russia Business Council
The Russian Academy of Business
U.S.-Russia Business Council
Business Services & Resources - Russia & CISAlliance Media's Small Business in Russia - business information resources designed especially for non-Russian-speaking businessmen.
Russian Standard, Ltd. - provides exporters to Russia with all types of mandatory and voluntary certification for most products, ranging from nutritional supplements and foods to medical and oil equipment.
Outsourcing-Russia - Non-profit Russian portal serving Russia's offshore software development companies and international companies seeking information about Russia IT resources.
Rusmarket Business Portal - Business Directory for Russia, Ukraine and the CIS.
RIN Project Yellow Pages - Detailed directory of over 350,000 organizations in Russia and the CIS.
The Moscow Business Telephone Guide - Business directory serving not only Moscow, but the entire Russian market.

The Top 25 Home-Based Business Ideas




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If you are thinking about starting your own home-based business, the available options can be overwhelming. Here’s a look at some tried-and-true home-based business ideas that have growth potential, now and in the future.

1. Personal trainer: If you are fitness-minded, you can start your own business as a personal trainer, visiting clients in their homes. Check out the National Federation of Professional Trainers for information about the certification process.

2. Yoga instructor: You don’t need a studio to teach yoga; just like a personal trainer, you can visit clients at their homes or offices. The Yoga Alliance Web site provides information on yoga schools, certification, insurance, and more.

3. Tutoring: You can start a business tutoring students in their homes, at schools, or at local YMCAs or other child-care organizations. Talk to your local school district officials and school principals to determine their needs.

4. Business coaching: Do you have experience in management or some other specialized business skill? Share it with others by becoming a business coach. The International Coach Federation provides certification and a coach referral service for its members.

5. Consulting: If you are an expert in a specific industry, such as finance, marketing, or mediation, consider beginning your own consulting business.

6. Medical and legal transcription: If you have transcription skills and the necessary equipment, you can easily work from home for a variety of different companies. Check local community colleges or search online for transcription training courses.

7. Medical claims billing: This industry is one of the most popular work-from-home businesses. eLearners.com can help you locate legitimate transcription training courses online.

8. Accounting: There are many opportunities available for certified public accountants. If you are interested in getting certified, take a look at the Web site of the American Institute of Certified Public Accountants for information on specific state requirements.

9. Web design: If you can design quality Web sites, consider turning your skills into a home-based business. Because this industry is constantly changing, good Web designers are always in demand.

10. Senior care services: The rising number of senior citizens who want to stay in their own homes means big opportunity for nonmedical home care providers, who help seniors with tasks of daily living.

11. Photography: If you are skilled with a camera, you can open your own photography business. You can visit clients at their homes or, if you have space, set up a small studio in your home.

12. Home inspection: The National Association of Certified Home Inspectors Web site provides information on becoming certified to inspect homes.

13. Remodeling: If you are a gifted carpenter or contractor, you can turn your passion into your own business. Find a niche that’s in demand in your area and target it.

14. Interior design: If you have a flair for the creative, consider interior design. The American Society of Interior Designers Web site provides resources for aspiring interior designers, including a list of each state's requirements for licensing.


15. Catering or personal chef: Consider starting your own catering or personal chef business. Target a niche by providing specialized services such as low-carb or vegetarian menus. (Catering requires a food establishment license and a commercially equipped kitchen that meets state and federal health requirements. Contact your local city or county health department for more information.)

16. Gift baskets: Gift basket creation is a popular and creative home-based business. You can sell your baskets online and target both individuals and businesses to increase potential sales.

17. Wedding or event planner: If you are an ace at organizing important events and have a lot of contacts, consider becoming a wedding or event planner. There are numerous certification courses online, including one from Weddings Beautiful.

18. Personal shopper: If you love to shop and have an eye for people's personal styles, you can offer your services to people too busy to shop for themselves. Increase your profit potential by providing a gift-shopping service as well.

19. Concierge service: If you have a lot of energy, great organization skills, and the ability to juggle multiple tasks, consider providing a personal concierge service to busy businesspeople or upscale clients.

20. Custom jewelry creation: Designing your own custom design jewelry can be fun and lucrative. You can sell it online at your own sites or at crafters’ sites such as Etsy.

21. Computer repair: Are you the person everyone calls when they have a computer problem? Turn this into a business and start getting paid for fixing fatal errors. You can target small businesses, consumers, or both.

22. Cleaning service: If you are good at cleaning, consider offering your services to others. Both residential and commercial cleaning operations can easily be run from home.

23. Carpet cleaning service: A variation on cleaning, carpet and upholstery cleaning services are well-suited to operate from home.

24. Mobile pet grooming: If you love animals, offer consumers convenience by equipping a van and visiting clients at their homes to bathe and groom their pets.

25. Child-care services: Turn your expertise with children into a home-based day-care center. Be sure to stay abreast of your state’s regulations and insurance requirements for this type of business.

Creative Advertising - Thinking Outside The Box




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Creative advertising is clever advertising more often than not. It imprints the product or message firmly in the minds of those who encounter it, which usually makes it successful advertising too.

Examples of creative advertising can be found on the billboards in any large centre of population, or even on TV, or in magazines. They proliferate in busses and trains as well, and wherever people are likely to see them in large numbers. Sometimes this type of advertising is hard hitting. One example is the stop smoking adverts seen on the back ends of buses. The ad featured the image of a man's head, and where his mouth was also where the exhaust pipe of the bus was. The message read, "Ready to quit?" In this way the man's head appeared to be emitting smoke, which made the ad much more hard hitting and effective.

One clever and very creative use of advertising by thinking outside the box was achieved by a company that tested eyesight and sold spectacles. They issued a flyer with the simple message, "Had your eyes tested recently?" The clever bit was that the text was printed twice with one slightly overlapping the other, but a little bit out of phase. The effect was a kind of blurred appearance that was difficult to read. It was enough to convince a lot of people to go to the company address and get their eyes tested.

There are many other examples of creative advertising. One favourite is of a billboard that has had one corner raised by approximately 30 degrees. In the bottom, un-raised corner there is a photograph of a large, heavy, overweight and obviously unfit man. The message reads, "Time to get fit," and underneath is the telephone number of a particular fitness centre. The ad is eye catching and funny, but it also makes people think, and those who know they are a bit overweight and unfit are more likely to think about getting fit. And where will they turn to? They will most likely call the fitness centre in the ad!

Conclusion Creative advertising often gets the message home in an unexpected and novel way. It can sometimes be in bad taste, or it may ruffle a few feathers in other ways, but usually the message is one that gets across. That is what advertising is supposed to do, and that's what good creative advertising does.

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Small Business in the United States



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Many visitors from abroad are surprised to learn that even today, the U.S. economy is by no means dominated by giant corporations. Fully 99 percent of all independent enterprises in the country employ fewer than 500 people. These small enterprises account for 52 percent of all U.S. workers, according to the U.S. Small Business Administration (SBA). Some 19.6 million Americans work for companies employing fewer than 20 workers, 18.4 million work for firms employing between 20 and 99 workers, and 14.6 million work for firms with 100 to 499 workers. By contrast, 47.7 million Americans work for firms with 500 or more employees.
Small businesses are a continuing source of dynamism for the American economy. They produced three-fourths of the economy's new jobs between 1990 and 1995, an even larger contribution to employment growth than they made in the 1980s. They also represent an entry point into the economy for new groups. Women, for instance, participate heavily in small businesses. The number of female-owned businesses climbed by 89 percent, to an estimated 8.1 million, between 1987 and 1997, and women-owned sole proprietorships were expected to reach 35 percent of all such ventures by the year 2000. Small firms also tend to hire a greater number of older workers and people who prefer to work part-time.

A particular strength of small businesses is their ability to respond quickly to changing economic conditions. They often know their customers personally and are especially suited to meet local needs. Small businesses -- computer-related ventures in California's "Silicon Valley" and other high-tech enclaves, for instance -- are a source of technical innovation. Many computer-industry innovators began as "tinkerers," working on hand-assembled machines in their garages, and quickly grew into large, powerful corporations. Small companies that rapidly became major players in the national and international economies include the computer software company Microsoft; the package delivery service Federal Express; sports clothing manufacturer Nike; the computer networking firm America OnLine; and ice cream maker Ben & Jerry's.

Of course, many small businesses fail. But in the United States, a business failure does not carry the social stigma it does in some countries. Often, failure is seen as a valuable learning experience for the entrepreneur, who may succeed on a later try. Failures demonstrate how market forces work to foster greater efficiency, economists say.

The high regard that people hold for small business translates into considerable lobbying clout for small firms in the U.S. Congress and state legislatures. Small companies have won exemptions from many federal regulations, such as health and safety rules. Congress also created the Small Business Administration in 1953 to provide professional expertise and financial assistance (35 percent of federal dollars award for contracts is set aside for small businesses) to persons wishing to form or run small businesses. In a typical year, the SBA guarantees $10,000 million in loans to small businesses, usually for working capital or the purchase of buildings, machinery, and equipment. SBA-backed small business investment companies invest another $2,000 million as venture capital.

The SBA seeks to support programs for minorities, especially African, Asian, and Hispanic Americans. It runs an aggressive program to identify markets and joint-venture opportunities for small businesses that have export potential. In addition, the agency sponsors a program in which retired entrepreneurs offer management assistance for new or faltering businesses. Working with individual state agencies and universities, the SBA also operates about 900 Small Business Development Centers that provide technical and management assistance.

In addition, the SBA has made over $26,000 million in low-interest loans to homeowners, renters, and businesses of all sizes suffering losses from floods, hurricanes, tornadoes, and other disasters.

small business start up in Singapore


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Singapore is one of the leading Asian countries for business and commerce and has been rated as one of the best business environments in Asia Pacific. It's no wonder that small and medium sized businesses and even business conglomerates from across the globe surge to this tiny nation.

If you are planning on starting a business in Singapore here are some useful tips that can help you in the Singapore business incorporation process.

Singapore Companies Act

To begin business formation in Singapore you must be familiar with the Singapore Companies Act (SCA). Singapore companies are primarily governed by the Singapore Companies Act, but it must be noted that companies may fall under regulations of other statutes based on the type of business they are into.

Requirements for Singapore business set up

• The law states that the in order to set up a company in Singapore, the company must have a minimum of 1 Shareholder + 1 Director + 1 Company Secretary




The director:

The director of the Singapore business setup must be a citizen or permanent resident of Singapore. He/she may also be Singapore Employment Pass holder. The director of the company must be above 18 years of age and must not be bankrupt nor have prior record of malpractice.

The shareholder

The law allows a maximum of 50 shareholders for a Singapore business setup. The share holders may be individuals or a corporate entity. The said director can be the shareholder as well or they can be separate individuals. 100% local or foreign shareholding is permitted.

The company secretary

According to the SCA, a Singapore business set up must have a company secretary. The company secretary needs to be appointed within six months of company incorporation and he/she must be a resident of Singapore.

• The company must also have a minimum initial paid-up share capital is S$1

The minimum paid-up capital for registration of a Singapore company is S$1 unless if you are an EntrePass holder in which case the paid-up capital will be S$50,000.

• The Singapore company setup must have a Singapore registered office address. The office address must be a Singapore registered address and addresses with a PO Box are not allowed.

Singapore business formation is made much simpler with the help of a professional business start up service. A professional service provider can aid you in the process of business incorporation in Singapore. A professional service provider will not only assist you in registering a company in Singapore but will also assist you throughout the entire process of business incorporation.

Professional business incorporation services ensure that you have the right information, documentation and get the right resources for setting up a business in Singapore.

Business incorporation services advise you on the relevant licensing requirements specific to your line of business and you can also avail useful business concierge services that can help you find a suitable location for your office, develop your IT and networking infrastructure etc.

You can also avail several supporting services such as taxation services, bookkeeping services and business accounting services

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While I have strong ambitions to make a lot of money online and so have been spending the last few weeks mostly gathering information and resources trying to learn how best to go about it and what is the most valuable aspects and ideas for spending time and money on. That is all great because I am thinking long term and am going carefully because I don't have investment money to experiment with things.
I need to start just getting some money in so I can pay my expensive rent each month without constantly worrying about if I am going to make enough for rent the next month or have to move. And hopefully start getting enough to re-invest back into marketing and building.

Well I have been reading excellent advice on here about what the most profitable niches and ways of marketing are and what things are not worth it because they don't have the same full potential as the others.

Although the most profitable niches sound like they cost the most to get started with and perhaps take more time. People here talking about investing thousands of dollars into them to get them going. I'm not afraid of risks. I just don't have money to invest like that. At least not yet.

So, I don't care about which ways are not long-term the highest potential and don't have the potential to ever make more then a measly 1-2 hundred dollars a day. Because if there is something like that that doesn't have long-term potential or high earning potential but has the benefits of being fast and cheap in making at a min. $100 a day I am interested. So I can know that my rent will be covered and have some extra for investing in the more profitible ventures.

I'm very new to all of this. But if anyone knows what kind of thing could produce that type of profit right away please share.

I guess if something is producing a return on investment then it doesn't really matter what the investment costs because you are getting it back. The problem is that I can't afford the delay in that. If I spend $2 a click at Google promoting something and it makes me a profit back I am still paying Google hundreds of dollars straight from my bank account way before I receive a check from the Affiliate program to cover those costs. Which is sometimes an entire month after the billing cycle that they even begin mailing them out. So something that paid quickly (like to Paypal) would be perferable.

I have been doing some of my own artistic service/product sites as well but they have not been doing all that well. Very sporadic sales. I need something consistant. I tried ebay too which I am completely sick of. I'll get buyers for my art the first time I put anything new up but as soon as I relist anything that has already sold- zero buyers. It's almost like it is only the same people looking at the art stuff and not a steady stream of new buyers.

Anyways. If there is not any answers to this or ideas I understand. It's kind of a stupid question. But maybe others here are interested in this topic too? The new people that don't have a lot of cash. I wish I had gotten into this stuff when I had plenty of cash and plenty of time, instead of wasting both of those things for years...

Thanks!

Make 200 Dollars per day online




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Because of free enterprise and free speech, it is now possible, using the Internet for anyone to make outlandish claims online and get away with it. You have undoubtedly seen these programs which promise $1000 a day online, or $50,000 a month or even a six figure salary a year. But is this really possible?

The Internet is awash with many Internet marketers who claim to be making astronomical sums of money daily, weekly and monthly all with very minimal effort. They sell their products via well-crafted sales pages that litter the Internet and blogs. There are also affiliate networks packed with thousands of products which you can sign in and begin to market right away. Let us examine these claims. Is it really possible for an ordinary person to make just $100 a day consistently online?

Different methods
It is without question that there are hundreds of ways to make money online. Many researchers have put these claims by Internet gurus to the test. While some are undoubtedly scams, there are indeed many ways one can make an extra hundred dollars each day consistently but one must know how. The problem is that almost everyone concentrates on the same methods while the real methods which can net you serious cash are ignored.

How fast do you want it?
Many affiliate networks do not pay right away. They either pay on specific days of the month or when your earnings attain a certain amount (or both). That means these affiliate networks may not be the best if you want to make quick cash if you are facing an emergency. The best way to make quick cash in an emergency is to find a way to get paid immediately. One of the best ways is through paypal. There are also a number of pay-per-sale affiliate programs out there.

In order to make quick money online in case you have an emergency, you must have a mentor. This is someone who will teach you exact steps of making money online without going through the hoops that almost everyone else is going through. This is because if you are just venturing out in the Internet marketing world, you can waste a lot of time troubleshooting things that you should. So much time is spent on little things such as web design, setting up blogs etc.

make 1000 $ a day online




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Now to make $1,000 a day. You have to set up several online business ventures. If you set up 5 to 6 business ventures, then you can make $1,000 a day. Here's how you can make $1,000 a day.
.Difficulty: Easy
Instructions.1
You can start off by writing ehow articles. If you write 333 ehow articles, then you can make $1,000 a month. If you write 666 ehow articles, then you can make $2,000 a month. You can join ehow for free and you don't have to be professional writer. You can also sale affiliate products on e-bay to rank in a extra hundred dollars.

2
Create your own website and put goolge ads on your web pages. There's some people who are making 6 figures with one website. If you set up several web sites, then you can be able to make 6 figures too. The key to drawing traffic to your website, is making sure it has a lot of content. You can also drive more traffic to your website, by using social book mark sites like Myspace, Face book and Twitter.

3
Sell your own e-book. There's a lot of money to be made selling e-books. You can make more money selling an e-book, then selling a book with a publishing company. If you want to make a good profit, then sell your e-books on e-bay. You can also sell your e-book on your website and articles.

4
Join a network marketing company. There are people who became millionaires in the network marketing industry. Network marketing gives you a chance to start up a business at a very low cost. If you want more information, then go to networkmarketingwork.com

5
Make videos for youtube. There's a program called youtube partners that allows you to make money. It was a video that earned a youtube member $50,000 in cash. If you have a web cam, then you can start making videos today.

6
Start a blog. If you don't want to put in all the work making a website, then post individual blogs. If your blog is popular, then you have the potentials to make a good stream of passive income.

7
Start an e-bay business. If you have a product and you don't know where to sell it, then try e-bay. There's hundreds of millions of users that log on e-bay every day. You have the potential to have millions of people buy your products. I think e-bay is one of the greatest opportunities on the net.

8
If you can get these ventures all together to bring in $30,000 a month, then you can make $1,000 a day. It's possible to make $1,000 a day, but it's up to you to put in the effort
.

Read more: How to Make $1,000 a Day Online | eHow.com http://www.ehow.com/how_5257868_make-day-online.html#ixzz1Fa3kFtJg

Make $100 Per Day Online




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This post is about a technique to make $100 per day online.

With economic times being tough across the world there are lots of people looking for a way to make some extra money.

$US100 per day may not sound much, but when you multiply it by 365 days you get about $US36,000.

Better still once you know how to make $100 per day you have to tools to grow it into much more – $1000/day anyone ?

This post started when I saw an interesting post in DP headed up First $100 Day ($117 actually). So being a sucker for this type of title, I looked through the thread to see how the author had been able to do it.
It turns out Jose Armando has been working away for a year in his quest to reach the magic $100/day. Over that time he an his brother have been steadily growing their home business in between attending lectures at college.

There’s a telling quote in the thread ……”I remember writing dozens of articles and not getting a single sale for months.. man was that tough.”

Which reveals a secret to his success. Take a simple system, follow it to the letter and never give-up.

While Jose does not reveal his exact methods it seems he has been using article and pay per click advertising (Adwords etc) promotion as the means to generate traffic to a site with affiliate links. About 40% sales come from Article Marketing and the balance from PPC.

From earlier posts he started out doing article marketing exclusively. In an earlier thread he wrote:

I have to say…. Newbies, keep writing the articles and keep testing different niches.

If I had to say WHY this experiment failed it was because I was in a too saturated niche…

Find a small niche with a product that has 10-30 gravity and do your article marketing there. Don’t go in “make money”, “weight loss” etc niches. It’s just too crowded for someone who just wants to start with this.

Also, if you REALLY want to be successful with bum marketing then make real goals and stick to them for any cost.

Make a goal to write two articles per day for 50 days.. What’s two articles per day? It’s nothing… it’s just 30 minutes… Are you willing to put 30 minutes per day in your dreams, in your goals?
If you just do the 2 articles per day you’ll have 100 articles in less then two months… That’s A LOT of articles. Imagine the traffic you’ll be pulling and the sales you’ll be making.

And once you commit don’t skip a single day.. Don’t let yourself fail yet again. Be consistent – it’s the key to success.

As you’ll start writing articles do 20 articles per niche… If you don’t make a sale after 20 articles then this means you need to find a new niche and start again. Do this over and over again and I guarantee you’ll make a lot of sales in just a few weeks/months.

Recently some more good advice:

Actually I get about 40% sales from article marketing and 60% from PPC. And I want to get to 90%+ sales from PPC in near future.

See, I’m only writing articles for my own product because I think it’s worth to invest time in my own business and have it grow in terms of SEO rankings.

For affiliate products I’m using Adwords and YSM.. Right now I’m just direct linking to affiliate products and it’s converting really well. Most of them have 1:20 or 1:30 conversions so I’m making profits even at $0.3+ CPC.

So how I get products to convert with direct linking?

I pick a product on marketplace, make a subdomain for redirect of my hoplink. Take first 30 keywords for that niche from Adwords Keyword Tool, copy ads from other niches and make them fit my niche. And press ACTIVATE.

Once I find something that consistently converts I’ll buy a .com domain for it and do a split test with:
1. direct linking and what are my profits there
2. review page and what are my profits with it

After about a week I’ll have a pretty good idea which one makes me more money and I’ll just port my campaign to AdWords and pull traffic from there too since I’ll already know that the product converts.

I’ll have yet another product locked down in passive income mode.

Then all you need to do is to do the process again for another product…”

Jose makes reference to “Bum Marketing” a method of making money which costs nothing to start. In essence you just:

•Find a product to promote – say from clickbank
•Setup a free webpage to promote it from – could be a free blog at blogger.com
•Write lots of articles and submit them to the top rated article sites. (All the articles need to unique)
•Keep writing articles and adding new products
•Over time you will get sales, some products will be real winners (you keep promoting these) and the rest you can discard or onsell the site.
A great thread if your looking for a bit of inspiration or to find a proven and successful way to starting out:

The secrets to Jose’s success? Well, these seem to be the key ingredients:

•A system that works
•He worked with his brother. Its a bit like running or going to the gym, if you do it with someone else you will help keep each other motivated
•He had mentors. When he wrote back in March in the DP forum lots of people offered advice and assistance.
•Persistence, persistence , persistence. Jose just kept going and the results came in.