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Personal Finance

Mainstay Partners ROI Calculator Demo

Mainstay Partners A leader in providing organizations the tools needed to demonstrate business value from their technology investments introduces our ROI Return on Investment Sales calculators As part of offerings to technology providers our ROI Sales Calculators enable your sales force
to provide tailored financial results and estimates to your customers
on your solution's benefits by going past just the qualitative aspects
of your solutions and talk about feature function the ROI

Calculators can help lead to more compelling evidence in favor of your solution as well as deeper discussions to help create a win-win for yourself and your customer

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Our ROI calculators provide two main benefits.First, they generate a simple yet powerful financial impact of your solution the figures are based a fact-based drivers and past results yet, customized to your customers unique business and situation secondly our ROI calcualtors can be aligned
with your existing marketing messaging and collateral while driving deeper into specific results to engage the customer with more in-depth conversations about the use and benefits of your solution partnering with Mainstay to develop and launch these calculators provides several advantages. First, our design and format offers you the flexibility to deploy out the tool through multiple channels, user groups and devices to maximize the tool's impact be it online for customers and prospects or for the sales force to be able to present it embedded in a powerpoint presentation to the customer and discuss some what-if scenarios second by working with your team on the look and feel of the calculator and the level of depth of the content we can create the calculator to best suit its audience additionally we can help prepare an auxiliary set of assets to accompany the tool to explain its assumptions while keeping proprietary benchmarks, prices and algorithms securely encapsulated within the flash file.

Category:

Personal Finance

Two best ways to manage money

Earning money is not easy, however keeping them to enrich your life and avoiding debt are more important. So, the art of money management is thing that need to be noticed.

Where your money comes

That is not easy question that you must know clearly if you have intended to invest in some business. You should know how much money you have coming in every month, all of variety of source that you can get them. After that, you should keep a check register and a list of all the money and where it is going to manage your spending. With this way, you can cut cost in unnecessary activities and make plan for retirement, for example or use money in some investments.  The one thing to remember is that your earning and your spending can fluctuate every month, thus your duty is to keep the average level. People who have a lot of money is the one know how to spend money correctly, manage money in and out well and have a hard work.

Auto Withdraw
Auto withdraw is a tool to transfer money from your bank account to the retirement account. The purpose of it is to help you not to spend so much. Some people said that they still withdraw more money to spend if they register auto withdraw tool, but in the psychology of people, when they see the limited number in their bank account, they will get good conscious on saving money. So, if you don't have this feature, you should set up.

Category:

Personal Finance

AdWords: Control your costs

narrator: With AdWords, you're in complete control of your costs. There is no minimum spend requirements, so the amount you pay is up to you. You control your budget in three ways.

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Firstly: your daily budget, secondly: cost per clicks, and finally: ad quality. Your daily budget is the amount you want to spend each day on AdWords. Your ads will show until you reach this budget limit. Then they will typically stop showing for that day. You can change your daily budget at any time, and if you want to make sure your ads are getting maximum exposure, you can set your budget to the amount recommended in the Settings tab of your account.
Your cost per click bid or CPC is the maximum amount you're willing to pay each time a potential customer clicks on your ad. You can set the CPC bid for all of your keywords or change bids based on individual keyword performance.
For example, you could try raising your bid  for your best performing keyword, to get a higher position on the page.
The AdWords Traffic Estimator which can be found in your Account Tools will help you decide how much to bid.
our ad quality is the other important factor which effects where you're at show on the  page. When your customers search, they want to want to find exactly what they're looking for quickly and easily. So your ads, keywords, and anding page need to be relevant to what your customers are searching for. Your ad quality is measured by a quality score which can be seen in your account. And you could improve your quality by tweaking your keywords and ads to make them relevant to those searching for your product or service. AdWords rewards relevant, well targeted ads
with a higher position at a lower CPC cost.
So, the more targeted your ads are, the better they will perform. Reviewing and tweaking your budget, bids, and ad quality on a regular basis can make a big difference. Login today to make sure your AdWords account is working for your business.

Category:

Personal Finance, Project Management

Budgeting plan for new business

Finding the source of fund is one of steps to run new business. Beside it, you also need to build your budget plan to discuss with investors. Excess expenditure will not create good impression for investors as they think that you don't know how to save in business, and your company is difficult to succeed. But in the budgeting plan, if you pay some activities in the safe range, sometimes investors can think you are safer, not ability to take risk and will not get high return if they invest to you. Thus, how to be reasonable?

1. Think about  income and expenditure of your business every month. Take note or write it down, or use spreadsheet for easily following. View and track the cash flow of your business every day.

2. Decide which are the essentials and non-essentials of your business' overheads. Find cheaper alternatives for non-essential things and cut them out of your budget if they don't have high contribution to your operation.

3. Ensure that your budget has room to breathe. Allow for unexpected expenses or cash emergencies within the budget. Don't have money all accounted for, it will take unnecessary time.

4. Use accounting software, or ask from experts, consultants to set the right and suitable budgeting plan and learn budgeting skills. Moreover, you should understand the principles behind the advice that can help you construct and maintain your budget every month.

5. Pull information on your financials from different sources to gain an accurate snapshot of your financial position (which will, in turn, provide for a more realistic budget). This means looking at bank statements, profit and loss statements, cash flow statements and balance sheets to gain an understanding of your financials.

6. When you want to cut cost, don't undermine some intrinsic value of your business, such as some intangibles which create wealth : human capital, social capital, in-house knowledge, building and retain relationships, brand equity. .

7. Opt for the accrual accounting method when budgeting, rather than cash accounting. Cash accounting is a snapshot of the business as it is, meaning that income and expenses are recorded as they occur.

Accrual accounting, on the other hand, is a more accurate measure, evaluating the financial position of the business based on economic transactions regardless of when they occur. What this means is current cash flow is combined with future cash flow to account for the business' overall position - including slow-paying debtors!

8. Spend some money on rewards or on compensation benefits of employees. You just spend a little money to keep your employees instead of spending so much for training new ones.

Category:

Personal Finance

Attract Investors - Business Link

Once you have identified a need for external finance and decided which type of finance you're going to pursue you need to make sure you're ready to approach potential investors. You need to convince them to invest in your business
so you will need to be investment ready. Whatever type of investment you are seeking, you'll be expected to have a business plan. It should be one of the most useful tools for helping you to manage your business. Your business plan should provide a roadmap for your business' development, whether you are starting up or already established.
Sales, profit and loss and cashflow forecasting will help you assess the potential returns and the commercial viability of your business idea. If your business is already running you will need to provide previous years' accounts.
You could benefit by doing a SWOT analysis, that is, identify your business' strengths, weaknesses, opportunities and threats.

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Once you recognise these, you can work out how to capitalise on your strengths, minimise weaknesses, make the most of opportunities and reduce the impact of threats.
Lenders and investors can be individuals, banks or other organisations, So what are lenders and investors looking for?
In the main, they'll be looking for the same things from your business: a strong management team, good market knowledge, ambitious but credible financials, together with a clearly-defined exit route that will deliver high returns.
Whether banks or less formal lenders, such as family and friends, their primary concern will be whether or not you will meet your loan repayments.  So they might be most interested in the creditworthiness of your business when they look at your business plan.
Grant providers will want to ensure your business is a worthwhile investment and that you meet their criteria
and will be able to achieve your goals. Investors such as family and friends might want a share in the business
and business angels or venture capitalists (VCs) will almost definitely require a share in the business and any dividends before agreeing to invest. Investors will be especially keen to know there will be an exit opportunity and that they will be able to recover their investment and take any profits.
So they will want to know what your long term plans are. And they may place greater emphasis on the business's level of ambition when analysing your business plan. Both business angels and VCs can bring valuable experience to your business. It is worth doing your homework to find out the investors area of interest as they are more likely to consider operating or looking to start-up in a sector that they are familiar with. Top tips when approaching investors include:
Have a well-rehearsed presentation and be prepared for questions Deliver a compelling pitch, be clear about your plans and goals .Know your numbers, explain how you plan to spend the money
Tell them about the expertise and experience within your business . Pitching to investors can be a testing process
and you need to be prepared for difficult questions. Stay polite and respectful throughout. By all means defend your business, but don't be aggressive. Explain your business proposition and why you think you can make a success of it.
Questions that they're likely to ask are:

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What type of products or services will your company provide? Who else operates in the market and what distinguishes you from those businesses? Do you have any existing customers? Whichever type of finance you apply for,  you must have the required documentation ready, ensure you fill in the necessary application forms and have the relevant agreements drawn up. If needed, a solicitor will be able to help draw up this agreement. Make sure you have all your documents together: business plan, accounts and forecasts, SWOT analysis and management CVs. Remember, practice makes perfect. For further information and advice on investment readiness contact your local Business Link You can also take a look at the Business Link website, where you can access guidance and tools to help you prepare your business plan.

Category:

Leadership, Management, Personal Finance