Month: April 2015

What Goes In a Good Business Plan?

Whether to secure venture capital investments or just to take a long hard look at your potential business before you invest any money, a business plan can help you identify the pitfalls, strategize your market planning and help to keep your focus on your own personal road to success.

The initial page or pages of your business plan should spell out your actual business, from nuts to bolts. While you may know that your idea is a winner, the business plan is where you pen out your plan to succeed. Your business plan should be a summary of your business goals, what your company does, how it will make money and why customers will want to pay for your product or service, what kind of budget is needed and how it will be spent.

Apr 20, 2015

What is Apple Pay?

With Apple Pay, you can use iPhone 6 and iPhone 6 Plus to pay in an easy, and secure way. It’s simple to use and it’s built with integrated high grade security in both hardware and software.

Apple Pay is designed to protect personal information. Apple Pay doesn’t collect any transaction information that can be tied back to the credit card holder. The credit card information is not stored on the mobile device or on Apple’s servers.

Apple Pay uses a security feature called tokenization. With tokenization, each credit card’s account number is replaced with a one-time string of random data, before the merchant’s point-of-sale system receives the payment data. The actual account number is not shared with the merchant.

Apr 14, 2015

4 Tips to Starting a Business

Create a Business Plan – Creating a solid business plan is the first step toward success in your business endeavor. A business plan can be your guide to keeping your business on track from obtaining funding to hiring employees to planning for expansion. Your business plan will help keep you focused on your goals and helps you figure out where your company is going, what it needs to succeed, and how it will overcome any potential difficulties.

Find the Right Location – Choosing a business location is perhaps the most important decision a small business owner or startup will make. Investigate possible sites looking at demographics, scoping the competition, staying on budget, and while reviewing local and state laws and taxes. The location should be consistent with the brand image you want to establish, and could ideally be near complementary businesses to generate traffic to your location. Employees should be able to easily access your location and live in close proximity. Perhaps you anticipate further growth and your space should have room to expand easily. Suppliers should be able to find you and the location should be in a low crime area so your employees will feel safe walking to their vehicles. And perhaps most importantly, will zoning regulations allow your business type to operate without impediments.

Apr 6, 2015