There's never been a better time to dive into the business world and claim your slice of the pie. Thanks in large part to the Internet, the playing field has become more level. To start a successful business, you don't need hundreds of thousands of dollars of capital; you don't even need an office. You simply need a computer, an Internet connection, the right idea, and the will to succeed. Why the Old Model Didn't WorkIndeed, the home based business opportunity has undergone a transformation - and an upgrade. It used to be that, to make money from home, you had to affiliate with a network marketing company that expected you to sell products at home parties and pester your family members and friends - and their friends. It was only when (or in most cases, if) you established a downline that you could begin earning residual income. The problem with that business model is that most of the people who sought income opportunities were so far down the proverbial food chain that they could never truly succeed.New Money Making OpportunitiesToday, the information superhighway is open to all, which means that opportunities to make money on the Internet abound. Some people choose to earn money online in order to supplement their existing income, while others look for a money making opportunity that will enable them to get out of the rat race and truly achieve wealth. While the Internet might be seen as the great equalizer, not everyone who tries to make money online succeeds. That's because throwing up a website and hoping that people will find it simply doesn't work. There are too many websites out there competing for the same eyeballs. Instead, the most successful home based business opportunity is one where you connect with another company that has all the systems in place to ensure that you can begin driving traffic to your site on day one. Advertising, Multiple Revenue Streams, and MoreInternet advertising is both an art and a science, and an area that takes a great deal of experimentation and ongoing refinement in order to be effective. When you are reviewing a potential home based business opportunity, be sure that the company has Internet marketing gurus who can provide you with high-conversion advertisements and who can tell you exactly where to place your ads. The right kind of advertising in the right places will make the difference between success and failure. In order to earn money online, then, you need traffic that's generated from advertising. You also need multiple revenue streams. Ideally, you should have at least seven different revenue streams across a number of industries in order to succeed. Again, the company with which you affiliate can provide you with the variety that you need. Needless to say, to earn money online you need to approach your venture like a business. In other words, you do need to make an initial investment (although it's a fraction of what it would cost to start a business offline), and you need to commit to working a certain number of hours per week. For those who have been burned by the traditional network marketing system, though, this should be a cakewalk.
Buying a business today is an involved and complicated process requiring expertise in many different areas (i.e., legal, accounting, tax, business valuation and due diligence). With thousands of businesses available navigating your way to the right one can be an arduous task.
A Business Broker can be a very effective tool to identify, locate, screen and value each targeted business and thereafter, in obtaining financing, negotiating the purchase, coordinating the due diligence and supervising the preparation of all transaction documents through the closing.
In the event you as the buyer attempt to purchase a business without the aid of a broker, realize that the listing broker represents the seller who pays his or her commission. Since most listing brokers will ordinarily not do anything to jeopardize a sale, you cannot rely on the seller's broker to advise you objectively. Never lose sight of that fact!
For most published listings, the listing broker will "cooperate" and "share" the listing, and the commission, with the broker hired by the buyer. In this case, it will not cost the buyer any fees or commissions to obtain exclusive representation.
Once you decide to hire a business broker, seek out a competent professional. The vast majority are unprofessional and quite dysfunctional when it comes to understanding the transaction, valuing the business and providing customer service and support. Furthermore, most "business broker" s have never owned or even purchased a business or professionally represented or counseled business owners. In California, one need only become a licensed real estate broker to sell business opportunities.
At a minimum, a qualified business broker can greatly facilitate find the right business, especially if the broker is well acquainted with your purchase criteria. Although there are many business listing services, some brokerage firms have software programs that can consider your purchase criteria, investment amount, owner benefits and other factors and produce a more focused and narrow search (see: http://www.qbsnet.com/buying-a-business.php). This can be extremely important. As you will soon find out, unlike purchasing real estate, evaluating a business is a very time consuming process. Therefore, it is important to apply your resources effectively.
So how do you go about finding a good business broker? Our Quantum Business Solutions Network professionals have listed a few essential ingredients in your search for a competent business broker (for a description of the full range of business broker services offered to California business buyers and sellers, please visit http://www.Qbsnet.com).Before you sign an Agreement
The best brokers are affiliated with accredited Associations relevant to their state and profession. For example, in the state of California, the best business brokers are registered with the California Association of Business Brokers (http://www.cabb.org) and the International Business Brokers Association (http://www.Ibba.org).
Make sure the California business broker is qualified to provide competent representation. The firm or the individual should have their own website which is regularly updated with news, articles and business listings. Excellent contact details, company profile as well as having well qualified professional such as accountants, attorneys, etc.
The business broker should clearly attempt to understand your exact purchase criteria, investment objectives, background and experience. This will ensure that the broker is not wasting your time and missing viable business opportunities in the marketplace (a good california business brokerage firm will maintain its own network of listings, many of which are not published and unavailable to the general public). In addition, a competent "california business broker" will continually narrow the focus of the search based upon your constant feedback. There should be a mechanism in place to accomplish this task. Quantum Business Solution Network employs uniquely designed business buyer software which constantly narrows the search and identification process.
Take some time before committing to a particular california business broker and see how responsive he or she is at the outset. Attempt to inquire about the nature and scope of the services offered. Determine if they respond in a timely and comprehensive manner.
The best california business brokers are excellent communicators and always respond in a timely manner (in business purchase and sale transactions time kills deals) and often serve an indispensible element toward ensuring the flow of the transaction toward a smooth closing.
The listing agreement/contract should include:
- length of time they will be representing you (6-12 months is typical)
- the type of the agency relationship offered by the broker (you want the broker to serve as your exclusive agent)
- the manner and payment of the brokers compensation
- the nature and scope of the brokers duties
About the Author
Quantum Business Solutions Network is a full service Southern California business consulting and licensed brokerage firm. Quantum Business Solutions Network is comprised of professionals that combine valuation, financial, marketing, legal, accounting, tax and transactional structuring expertise to initiate, execute and consummate business acquisition and divestiture transactions.
© Copyright 2007, Quantum Business Solutions Network. All rights reserved.
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More people are working from home today than ever! Thanks to the advent of the internet, many corporations are now allowing their employees, to work from home. There has never been a better time to sell products on the internet, but you must act now!Major corporations are finding the advantages and savings of work at home employees. They do not have to be concerned about buying or leasing more building space. Nor, do they have to purchase more computers. This might save a few jobs, from going over seas.Moms are put in a devastating situtation, when it comes to supporting a child today. Many single women with children, are either working two jobs, or trying to "work from home" . This is an enormous amount of pressure upon the mother and child. Most women, never really get to see their children grow up.A mother has a lot of work from home choices, ranging from eBay to selling real estate. Selling products on eBay can become an overwhelming task. Dealing with negative feedback, which can shut down your account. Not supplying shipping insurance and having to store inventory. If you try drop shipping, you might find that you can not compete, with the distributors who already sell on eBay.There is not enough space here, to reveal the companies that rip you off on tv and online. I have a hard time believing, that people on these shows, are making a killing selling vitamins. Many are disappointed, when they get a website, that looks identical to another website. Not to say this cannot work for a while, until the market is flooded! Here lies, the real clincher! You have a website, and you hope traffic will come to it! What happens? Nothing! One of the fastest ways to get traffic is Google Adwords!The mom has to make a decision, that will not cost her a lot of money and time. Real estate is not a bad choice, but it still cost money and time to do it. Again, a work at home mom, needs a solution, that will allow her to completely work from home!"Traditional education will make you a living, self-education will make you a fortune." -- Jim RohnEven online, you see offers for paid surveys everywhere! In the past, I thought to myself, I will try it. I tried it and I found that you will be bored to tears, filling out form after form! Is it a guaranteed and consistent living? No! It is not! Once again, what may sound great online, can be a deceptive illusion! This does not allow a mother to completely work from home!The easiest way I have found to make money and work from home, is promoting digital products that really work. They must have a good money back guarantee and they must produce fast results. The money back guarantee should be long enough, to test the product and the email support is essential! Keep in mind, results will vary from person to person, but if you are good with a computer, willing to learn, then you will have success online.To be able to build a website, within a niche market, then promote other peoples products, can make you wealthy! Maybe you can write an ebook about something your good at, and sell it in Click- bank. Maybe you can make a website about dog training and sell digital products on how to keep your pit bull from killing someone. I can not emphasize the importance of using Google Adwords enough! With the right knowledge of how to use Google Adwords, you can work from home! Yes! It is possible to quit your day job!
Most businesses invest fortunes in any way they think will make their company thrive, from advertising and brand management to environmentally and socially sound operations, but there is one aspect of that latter business trend that is of particular significance. While many consumers familiarize themselves with a company through such general avenues as the ones that are opened by a businesss marketing machine, many more seek a personal connection, and for these people, it will usually be the call centre that will be the first point of call. And while the proliferation of phone and answering equipment has, in theory, rendered this contact more user-friendly, any call centre is only as effective as its staff, and so it pays for any company to invest in treating them right. Call centres are infamous for exhibiting one of the highest staff turnovers in the corporate world, and this is because dealing with unsatisfied customers on a daily basis can be a gruelling task. Whether consumers are justified in speaking in such a disgruntled way to a fellow human being, the fact remains that call centre workers are the first and often only face these consumers meet, and as such, they are the recipients of any dissatisfaction an individual feels for a particular corporation. And while call centre staff sign on for this sort of treatment when they commit their signature to a contract, it is often not the angry consumer that leads to their resignation, but rather the lack of support they receive from the company they work for. Corporate social responsibility is a business concept that call centres need to embrace in order to continue to operate in the future. The notion of CSR means that companies aim to operate in a sustainable way, ensuring their continued existence in the future. Advocates of this theory suggest that all of a companys stakeholders be treated respectfully and responsibly, and they recognize that chief among these stakeholders are a companys staff. Call centre staff perform a difficult job, but it should not be a thankless one. As the first representatives of any business, they perform an extremely important task, and this needs to be recognized, both in terms of financial recompense and in the guise of support from senior management. Without this recognition, the notion of business sustainability suggests that "call centres" will ultimately become a non-viable way of working, as staff members realize that they can earn more money, and be treated with more respect, elsewhere.
The South Carolina State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:Department of RevenueP.O. Box 125Columbia, SC 29214(803) 898-5300www.sctax.orgSouth Carolina allows you to use the Federal W-4 form to calculate state income tax withholding. Not all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code allows. In South Carolina cafeteria plans are not taxable for income tax calculation; not taxable for unemployment insurance purposes. 401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes.In South Carolina supplemental wages are taxed at a 7% flat rate. You must file your South Carolina State W-2s by magnetic media if you are have more than 25 employees and are required to file your federal W-2s by magnetic media. The South Carolina State Unemployment Insurance Agency is:Employment Security Commission1550 Gadsden St.P.O. Box 995Columbia, SC 29201(803) 737-3070www.sces.org/ui/index.htmThe State of South Carolina taxable wage base for unemployment purposes is wages up to $7,000.00. South Carolina requires Magnetic media reporting of quarterly wage reporting if the employer has at least 250 employees that they are reporting that quarter.Unemployment records must be retained in South Carolina for a minimum period of five years. This information generally includes: name; social security number; dates of hire, rehire and termination; wages by period; payroll pay periods and pay dates; date and circumstances of termination.The South Carolina State Agency charged with enforcing the state wage and hour laws is:Department of Labor, Licensing and RegulationsOffice of Labor ServicesP.O. Box 113293600 Forest DriveColumbia, SC 29211-1329(803) 734-4295www.llr.state.sc.us/There is no provision for minimum wage in the State of South Carolina.There is also no general provision in South Carolina State Law covering paying overtime in a non-FLSA covered employer. South Carolina State new hire reporting requirements are that every employer must report every new hire and rehire. The employer must report the federally required elements of:
- Employee's name
- Employee's address
- Employee's social security number
- Employer's name
- Employers address
- Employer's Federal Employer Identification Number (EIN)
- Gross and Net Earnings
- itemized deductions South Carolina payroll law requires that involuntarily terminated employees must be paid their final pay with in 48 hours or next regular payday (no more than 30 days). Voluntarily terminated employees must be paid their final pay within 48 hours or by the next regular payday (no more than 30 days). There is no provision in South Carolina law concerning paying deceased employees.Escheat laws in South Carolina require that unclaimed wages be paid over to the state after one year. The employer is further required in South Carolina to keep a record of the wages abandoned and turned over to the state for a period of 10 years.There is no provision in South Carolina law concerning tip credits against State minimum wage.In the "South Carolina payroll" law there is no provision covering required rest or meal periods.South Carolina statute requires that wage and hour records be kept for a period of not less than three years. These records will normally consist of at least the information required under FLSA.The South Carolina agency charged with enforcing Child Support Orders and laws is:Child Support Enforcement DivisionDepartment of Social ServicesP.O. Box 1469Columbia, SC 29202-1469(800) 768-5858www.state.sc.us/dss/csed/South Carolina has the following provisions for child support deductions:
- When to start Withholding? Next pay period after service.
- When to send Payment? Within 7 days of Payday.
- When to send Termination Notice? Within 20 days of termination.
- Maximum Administrative Fee? $3 per payment.
- Withholding Limits? Federal Rules under CCPA.