Business and Financial Needs

Archive for the ‘Business Opportunities’ Category

The use of a toll-free telephone number makes it difficult for customers to immediately identify the company’s geographical location. Moreover, a company can own many 1-800 numbers, using a different one for each area in which it advertises. In the event of consumer complaints, this thwarts investigators from recognizing the connection between biz-ops listings in various newspapers.

A common type of business opportunity involves a company that sells bulk vending machines and promises to secure suitable locations for the machines. The purchaser is counting on the company to find locations where sales will be high enough to enable him to recoup his expenses and make a profit. Because of the many cases of fraudulent biz-ops in which companies have not followed through on their promises, or in which profits were much less than what the company led the investor to believe, governments closely regulate these operations.

In the United States, the Federal Trade Commission receives complaints and helps coordinate enforcement action against fraudulent business opportunities

Makeup of a business opportunity

A business opportunity consists of four integrated elements all of which are to be present within the same timeframe (window of opportunity) and most often within the same domain or geographical location, before it can be claimed as a business opportunity. These four elements are:

A need
The means to fulfill the need
A method to apply the means to fulfill the need and;
A method to benefit

With anyone of the elements missing, a business opportunity may be developed, by finding the missing element. The more unique the combination of the elements, the more unique the business opportunity. The more control an institution (or individual) has over the elements, the better they are positioned to exploit the opportunity and become a niche market leader.

69% of Mexican companies consider it important to have low environmental impact technologies to reduce costs. “Though do greener technology should be a constant concern, there are areas where deploying more technology can contribute significantly to making an organization more sustainable from an environmental standpoint. So far, most green technology focuses on the environmental impact of the technology, as is perhaps more important positive effect on various industry processes. “Gartner, Inc.
With the rapid advancement of technology, electronic equipment that is manufactured has a very short life, this being one to three years, in most cases. After this life, companies tend to buy the hardware to get rid of him. And that is a problem.
The entire chain of production and use of electronic products pollute the environment in some way. This is confirmed also when discarded. It is impossible to produce uncontaminated products. However, it could change some processes and implement new strategies to impact the environment less.
Transform the information technology (IT) into a green goes beyond making less damaging hardware. Businesses should clean up their processes and make more friendly use of resources.
Less pollution and greater energy efficiency are the major challenges of IT. However, it is surprising how little information technology departments have been concerned about this.
In the world: 86% of IT departments do not know their level of contamination, 20% do not see electricity costs. A change in these areas could be of great help to the environment, because the IT accounts represent 9% of the electricity used in the world.
How to implement:

• Using environmentally friendly materials.
• Reducing energy consumption.
• Decreasing the emission of CO2 into the atmosphere.
• Using virtual meetings to reduce transportation and fuel use.
• Using alternative energy sources and carrying out the recycling.

In the past five years, the economic flow in collateral to support financial intermediaries that provide credit to small and medium enterprises (SMEs) has grown 350%, which has generated a wide range of products for the sector and has contributed to that interest rates decline. Still missing, however, be done so that resources reach the business and are well used, say experts.
Currently, Nacional Financiera (Nafin), through the National Guarantee System is working with 30 financial intermediaries, of which 43% is non-bank and 57% bank. Together these institutions offer over 100 specialty products for the SME sector.
“Through the guarantee program can significantly induce the credit in our country, because it has several benefits: the first is that risk sharing with financial intermediaries, the second is to achieve better terms because, with decreasing risk decreases the rate at which the financial intermediary is willing to lend to the company, “said Luz Stella Lozano, Deputy Director General Nafin Building.
With an average amount of 460,000 pesos, commercial banking has supported since 2006 to January 2011 at almost 400,000 SMEs.
Ignacio Deschamps, president of the Association of Banks of Mexico (ABM), said that thanks to the guarantees of the development banks, 80% of the loans granted requests no mortgages, so this program makes it even more accessible loans to entrepreneurs.
Commercial banks, meanwhile, has tried to adapt to the SMEs, for “specific expertise that intermediaries have gained by studying their customers can loosen up their credit, as prerequisite to take a mortgage and opt for a flow analysis on the company to see if the fund is profitable product, “said the official development banks.

In 2011, government agencies devote greater resources to buy small and medium enterprises (SMEs) and strengthen the domestic market, said Bruno Ferrari, head of the Ministry of Economy (SE). As part of the opening of Expo Shopping Government 2011, the Secretary of the agency explained that so far in the current presidential administration have been channeled 80.000 billion pesos for government procurement to SMEs, including last year exceeded the target.
“In 2010 we were posted to 46.000 billion pesos for purchases from SMEs, a figure that was surpassed by 34%, reaching a total of 61.395 million in support of more than 47,000 companies,” he said.
He added that this year the federal agencies as a whole, go around 72.000 million pesos for procurement of goods and services to small businesses, as part of the government’s strategy to further fortify the domestic market and consolidate a network for suppliers national.
Financing

Bruno Ferrari emphasized that funding is one of the key challenges to promote enterprise development and to enable them to be suppliers to the government, which also have the resources for this purpose.
“During the past year were awarded nearly 14,000 million dollars in credit to government suppliers, through guarantee schemes and funding to the contract or order, this represented an increase of 20% over the number granted in 2009,” said the official.
Rivas Iván Rodríguez, coordinator of Advisors of the Secretariat for Small and Medium Enterprises of the SE, emphasized that this year across Mexico Business Centers, provides for a guarantee fund for 100 million pesos to support small proveeduría and medium businesses to the government.
He pointed out that to sell to the government, sometimes companies need a security. However, not all organizations have it, but emphasized that through the fund can access this guarantee.

The credit portfolio of commercial banking in 2011 will grow between 15 and 20 percent, since February has shown a rapid progress, standing at 12 percent in 2010 after it reported a drop of 2 percent. Ignacio Deschamps, president of the Association of Banks of Mexico (ABM), said in a press conference in the work of the Convention 74 Banking, credit to the second month of the year grew 13 percent to 19 percent SMEs , housing consumption by 9 percent and 10 percent compared to February 2010, with a given amount of 2 billion 58 billion pesos.

In making the presentation of evolution and prospects of the Bank, said the credit grew last year from 10 percent in November, which was the goal set, and because that rate is maintained in the loan portfolio has accelerated this growth, standing at 12 percent.

He said the credit to GDP has remained and has grown slightly, and therefore there is no structural damage and continue with the growth of credit penetration in GDP in 2011.

No clutch, said that in the extension of credit is to grow healthily, because in economies where credit is 100 percent and more are an important process called “deleveraging” or “debt reduction”, which obviously has an economic impact on the growth.

Accompanied by the chief executive, Luis Robles Miaja, and vice Enrique Zorrilla, Luis Peña Kegel and Luis Niño de Rivera, the manager explained that the credit component companies in February grew 13 percent and 19 percent of SMEs that was the most dynamic.

He said the housing finance sector has continued to grow, even during the crisis, and in February this year has already 9 per cent growth, but the best news is that consumer credit reached double digits and this is significant, since it came to be 16 percent year at the worst time in February and stood at 10 percent recovery, thanks to a great Christmas season and New Year.

Executive-employee integration

• A simple self-analysis of how we would be sufficient to have a good starting point. The current executive must constantly ask:
• If you can properly interpret the information they provide.
• If you recognize and understand exactly what the company wants it.
• If the targets are being set that is really fulfilling.
• If the worker is sufficiently skilled to handle new technologies, mobile phones, for example.
• If you have the ability to communicate in different languages.
• If you have sufficient expertise to manage their daily administrative operations and cognitive.
• In conclusion, to see if it really is growing and / or solve their jobs because their skills, knowledge, skills, aptitudes and attitudes.

Taking the time

Similarly, the company must learn to take time to conglomerate their teams, and depending on the level, “realign the objectives, build a vision together, honestly analyzed to know the real diagnosis and as correctly cited Roger Kaufman, keep in mind to “we want to go and what it takes to achieve what you’re pretending.”

It seems so simple, but sometimes the great leaders or executives are away or are beyond this analysis and guidance, which may seem very simple. The truth is that it could get great results.
The responsibility for administrative management is therefore not exclusive responsibility of the executive itself, but also the organization as an entity that learns to learn as an interrelated system.
The speed with which they react to signals and trust business to grow as a team, providing security and new challenges to managers will be key to have a greater capacity for business success.