Reltix

How to Use Business Statistics to Build a Marketing Plan

Analyzing the current market allows you to take a good look at your competitors and where you stand as a business within the market. Are you leading the market or are you far behind from being at the top? Business statistics allow you to see where you are with your product or service. This data not only gives you a ranking, but also allows you to determine what your strong points are and areas that need development and improvement. In addition, you will be able to see areas within the marketplace that are opportunities.

Building a marketing strategy cannot be done without using business statistics. This is because a marketing strategy is designed for branding a company by building a name customers trust and remember. If you don’t know where you stand with the competitors in the market, then it is difficult to build a strategy that will work. A strategy needs to consist of creating a larger customer base, forging ahead of the competitors, building a better product, and a name that customers trust.

Once a marketing strategy has been determined for a company, the steps to accomplish it must be put in place. These steps will be the methods of marketing which work best to achieve the goals set in place. Business statistics can help determine which marketing techniques will work best to achieve the expected outcome. Having the right steps in place to achieve your marketing goals are important if you want the marketing plan to be successful. Statistics can provide data for which techniques and steps have worked for other businesses and also provide information about those that have failed. This way, you can learn from others mistakes.

Business statistics also allow you to determine the approximate cost of a marketing plan also. This information might be the amount of money your competitors spent on their strategies to succeed or it might include internal data of previous years and the amount of money you have spent.

The time it will take for a marketing plan to be planned, designed, and implemented can also be estimated or determined through the use of business statistics. If you have never designed a marketing plan before, then researching market data will be very useful to you. Creating a realistic timeline is very important. The last thing you want to do is underestimate a project by a month or two and be working for free.

A marketing plan relies almost entirely on business statistics and current market data regarding competition, successful techniques, cost, and even the time the project will take. Research is required for total success with a marketing plan to effectively brand a company and build a name customers trust.…

Rural Finance and Rural Credit

In a densely populated, metropolitan landscape it can be easy to forget that the majority of India is rural. Finance companies have recognised the distinctive needs of pastoral India and designed schemes exclusively for this sector.

Rural finance is a line of credit specifically intended for the requirements of the agricultural industry. Ranging from mortgage assistance to land development and farming equipment, these credit plans are a significant aspect of rural and semi-urban support. In a country like India, where agriculture continues to play a central role, farming finance is a service closely related to the continued progress of the country.

A number of banks and finance companies have begun to specialise in offering credit to farmers. Appreciated as a key impetus in poverty reduction, this type of support can greatly assist regional development and growth. The creation of a business model that takes the unique needs of non-urban India into account, along with the unique challenges, is the key to success for companies working within this field.

The customer seeking rural credit is often at a lower position on the economic scale. Agricultural assistance must concentrate more on future earning power than the borrower’s current position. As with any loan, the lender should reasonably demonstrate a capacity to repay the amount borrowed, but in the case of credit for farmers, providers are often dealing with lower income groups. Understanding this customer is essential.

Finance in this sector has the added benefit of supporting further work in regional areas. As banks and financial services continue to extend their services into rural India they are generating employment in the vicinity. This employment ensures that customers can relate to the local face of the institution. It also represents a significant basis for skill development.

The conditions surrounding rural business are never constant. Ruined crops, bad monsoon seasons and natural disasters are just some of the ever present, largely uncontrollable factors. Those offering services in this area must commit to supporting their customers through both turbulent and growth patch of time. If this can be achieved, rural finance has a huge market to work in.…

How To Clean Offices

Professional janitorial companies all follow a certain procedure when cleaning offices. You can too! This procedure or service is known as the routine cleaning.

It is done the same way in every office and consists of removing all trash, sweeping and mopping hard surface floors, dusting, vacuuming carpet, and cleaning the restrooms. The basic routine cleaning gets done the same way in every office.

The routine cleaning that takes place in offices does not include ovens or refrigerator and there are no beds or laundry to do either. Most offices close for the day at 5:00 PM and are not open on weekends. The routine cleaning can be done anytime during the evening hours. There are different types of cleaning services out there but office cleaning is the cream of the crop.

Routine cleaning is done on a regular basis in an air conditioned environment. How often an office gets cleaned depends on each customer and the size of their office or building. Offices are typically cleaned from one to five times a week.

The routine cleaning is best done in a circular pattern going from room to room and desk to desk following the perimeter of the office. This reduces the chance of overlooking something. Every desk in an office has a trash can next to it and the biggest mistake you can make is to miss emptying one of these trash cans. If you miss one trash can at one desk, someone will be very upset about it in the morning and you will hear about it. You may have done a very good job of cleaning, but overlooked a trash can or a big paper clip on the floor in the middle of the room that is very visible the next morning. For this reason it is best to perform the office cleaning in a pattern.

Do a quick walk through before leaving the office to check the work that has been done and check that each chair at each desk was put back where it belongs after the vacuuming was done.

Before you begin to clean any office, be sure to find out where they keep their paper products such as toilet paper and paper towels, and where the janitorial closet is located. Know where to find the thermostat, light switches, and trash can liners too. You’ll want two sizes of trash can liners. One size for the smaller trash cans and one large size to empty all the trash into. Knowing where things are located will save you lots of time before you actually start to clean.

Before cleaning the restrooms, restock the paper products and empty the trash. It is easy to overlook these two important things unless you get into the routine of checking them first. After that is done you can begin the actual cleaning. Every employee in the office, at some point in the day, sees the bathroom; so it is very important that the restrooms are …

The Disadvantage Of Factoring Receivables – Why Confidential Accounts Receivable Finance Works!

Looking for a creative, ‘outside the box’ Canadian business financing solution? You may have investigated factoring receivables already but either didn’t understand how accounts receivable financing works, or, probably more to the point weren’t comfortable with how it works for your firm on a daily basis.

We’ve got the perfect solution for those worries, and its called confidential receivable financing, in Europe its more commonly known as C I D, confidential invoice discounting.

Let’s examine why this type of business financing works in general, and then let’s focus in on why our solution makes a solid solution even better.

In general terms when you ‘factor ‘ your receivables you essentially sell them to the factoring firm. That can be done on a one of basis, on a periodic basis, or all the time. That’s one of the key advantages of this type of financing, you only use what you need, and… More importantly, you only pay for what you use!

Paying for what you use in accounts receivable financing is key because factoring, in general terms can be a more expensive type of financing. We say ‘can be’ because quite frankly if you use it properly it actually could be a cheaper method of financing than your bank. That’s a point our clients are always amazed at when we discuss this type of Canadian business financing.

The cost of factoring receivables can be significantly offset, or in some cases removed completely by your firm using these funds to take supplier discounts and purchase more efficiently and at better prices.

And… Think about this carefully, if you can finance your receivable the days you issue the invoice (that’s what factoring does) then you are in a position to generate funds to sell more products and services to your customers, generating additional margins and profits. Or, of course, you could take the non factoring approach and wait for your customers to pay you in 30, 60, or… dare we say it, 90 days. And that hasn’t worked for you in the past, which is why you are looking for a better solution.

So lets examine how factoring works, and lets get you over the hump, so to speak, on why our preferred type of accounts receivable financing is confidential invoice discounting.

When you generate an invoice under a factoring receivables agreement you receive 90% of the invoice in the form of immediate funds the same day. The other 10% is a holdback, and is remitted back to you promptly when you customer pays, less the financing charges, which are typically 1.5 – 2% for a 30 day period.

In 99% of traditional factoring arrangements the factor company verifies your invoice with your customer and actually collects it. Under confidential invoice discounting you bill and collect your own receivables, and are in a position to finance your firm without your customers and suppliers having anything to do with how you finance …

Despite each year that has passed, it seems like every single summer the general population is surprised:

• It is so hot out!
• The grass is so brown, can you believe it?
• The bugs are much larger than they were last summer, I swear.

Perhaps the winter is so long that everybody forgets what summertime feels like, but in any case, remind yourself about the harsher realities of the summertime. The season creeps closer every day, so don’t let yourself get caught off guard.

Bug Season is Upon Us

Mysterious bites are cropping up all over your body, and Fido is itching suspiciously. What’s biting you? Well, depending on where you live, it might be a lot of things.

• Fleas and ticks start to make themselves better known in the summertime. Get a head start on preventing an infestation by bathing your dog on a regular basis, especially after a day of hiking or swimming. Visit VPD for dog shampoo online.
• Unwelcome guests like ants, mosquitos and flies tend to crash barbecues in the warmer weather. Light citronella candles or pass around the bottle of bug spray. If you have a place to do so, install mosquito netting around your gathering spot.
• Keep your home free of crumbs, food debris, standing water and unemptied trash. Why? Because cockroaches thrive on a moist, unclean environment and are eager to move in. Yummy.

It Gets Hot. Like, Really Hot

Yes, it’s true: it gets hot in the United States during the summertime. That being said, perhaps you will follow some tips for beating the heat.

• If you have the funds, look into having central AC installed in your home. It is no small expense and takes a lot of time, but if the summer heat makes you miserable, it might be worth it.
• Bring out your inner child and invest in a good sprinkler system. Yes, the adult side of you can say it’s practical for keeping the lawn fresh, but you know that you really bought it to jump through. Don’t be ashamed, using it for two purposes!
• Have plenty of chilled drinks ready when the temperatures start to peak. Make plenty of iced tea to drink and buy (or make) popsicles.
• The last thing you want to do when it’s cresting 80 degrees is turn on the oven, so utilize your Crockpot to cook a hearty meal without overheating the house.

The Sun is Out Until Late

Remember that unsettling feeling when you were in elementary school and your parents made you go to bed in the summertime when the sun was still up? It doesn’t really go away as an adult; the difference is that you know the repercussions if you don’t get to bed on time! Help yourself get to sleep faster if the late sunshine is throwing you off.

• Buy a set of blackout curtains. They’re a little more expensive than regular curtains, but they do a fantastic job of blacking out the sun