All posts in August 2018

Exports Business In India A Vital Statistics

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The Indian export business has been growing steadily for the past several decades. Indian exporters have succeeded in taking the export business to an international level.

Factors Contributing To the Growth of Export Sector

Several factors have contributed to the growth of export business in India. The growth of Small and Medium enterprises is one of the most important factors that have led to an increase in the export of the country. Most of the indian exporters include the SME sectors which have grown tremendously during the past several years.

Some of the most important and profitable sectors in the export business include textiles, chemicals, telecommunication hardware, food grains, iron and steel, consumer durables and electronics. India is second largest exporter in the world next to China.

Another important factor that has led to the acceleration of exports is the online business to business web portals. The use of business directory by the Small and Medium enterprises has led to a global exposure of products and services.

Today Indian exporters can easily find markets for their products through online portals. The small enterprises found it difficult to reach the target audience but with the use of the b2b directories, these industries are able to showcase different products and services in the global markets, make better and faster transactions and have an in depth knowledge about market situations.

Indian exporters have a healthy competition with neighbouring countries which has further led to the growth of export sector in the country. The government has created new opportunities by introducing several policies to augment the export sector. By the year 1990, government introduced liberal policies to boost the export business in India. The introduction of various trade policies have led to a substantial flow of foreign currency.

Some of the Important Export Products

The Indian exporters maintain cordial trade relations with neighbouring countries. Majority of the commodities produced in the country are exported to foreign countries. Some of the most important and notable commodities include:

* Iron and steel: India is the leading exporter of iron and steel to different countries all over the world.

* Leather products: leather products like shoes, bags and belts are exported to different countries on large basis. It is one of the most profitable sectors of the Indian economy.

* Textiles: another sector that contributes to the GDP of the country is the textile industry.

* Chemicals and pharmaceuticals: India is the leading exporter of various chemicals and pharmaceuticals. The export of petroleum has also increased during the past several years.

* Readymade garments: Indian exporters are well known for their readymade products in the international markets. Indian dresses and fabrics have immense appreciation all over the world.

* Jewellery: Indian jewellery has craved a niche in the global markets with its unique blend of traditional and contemporary styles.

* Dairy products: a leading exporter of milk products and eggs, the current census show a considerable increase in the export of dairy products.

The growth of SMEs and the use of business directory have led to a notable growth of the export sector of the country in many ways. Today the country is a leading exporter of many commodities in the international market.

Uae Business Guide – The Legal Details In Starting A Business In The Uae

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It only stands to reason that a UAE business guide should always start by education novice investors in the legal regulatory hurdles in setting up a profit-based enterprise in the region. Foreign investors that the investment opportunities offered by the different sectors in the UAE signified that businesses is easily set up in the locale which isn’t true. It is important that you know what type of businesses is available to investors and the various requirements associated with its incorporation.

Starting With Licenses

Every business in the UAE requires a license and there are 3 types of licenses offered in the region. This UAE business guide delves into each in detail.

1. Commercial License – this license can be classified as a general license for any types of commercial businesses in the city. In most cases, this is related mostly to business that deals with trading (e.g.: imports, exports, etc.)

2. Industrial License – an industrial license is issued to corporations that deals with manufacturing of goods or anything related to industrial enterprises.

3. Professional License – this license is released to individual businesses that offer a specific service, mostly related to crafts, profession, and the likes.

Business Ownership

Another important topic discussed in this UAE business guide is the ownership of an investor to a particular business. There are two that you should be aware of, namely Partnership Ownership and Sole Ownership.

Partnership Ownership is a type of business where your native UAE partner owns a majority of the shares in the business. In this case, your sponsor should own at least above 50% of the total shares while you get the rest or subdivided with other investors. There are 3 classifications of business under this category, namely:

*Limited Liability Company (LLC)

*Joint Venture

*Private or Public Shareholding Companies

The second type of ownership is the Sole Ownership where the investors get full ownership of the enterprise giving him or her full control over its operation and profit. If you check out a UAE business guide aside from this one, you will find out that Sole Ownership ventures are limited to Free Trade Zones where you don’t need an agent to set you up.

Company Registration Procedures

This section of the UAE business guide discusses the various procedures necessary for company or business incorporation in the region. Small-scale business, especially those operating outside Free Trade Zones require the aid of a native UAE sponsor or agent to register the enterprise — like processing necessary documents, applying for business visa, registering the business in related government agencies and bureaus, and so on.

In most cases, the procedure can be summed up with the steps below:

1. Submission Of Company Registration Application

Documents pertaining to the registration of the company are to be duly submitted to the Department of Economic Development (DED). This application
will be subjected to approval by a government representative so a business will be issued its license to operate its enterprise in the region.

2. Notarizing Documents

A native UAE lawyer is necessary to have your documents notarized in order for the entrepreneur to get a preliminary approval. In most cases, documents have to be notarized first before you submit it to the DED for approval.

3. Filing Business-Related Documents

Once you have passed the preliminary approval and have obtained the license to open up a business in the city, the next step is to file documents related to the business with the DED. This includes documents pertaining to company registration, financial statements, bank-accounts, registration of native UAE workers, compensation and benefits, rules and by-laws, and so on. There are also some documents that need to be filed with other government agencies as well, like the Ministry of Labor for one but these are mandatory.

Simplifying Business Registration with Experts

This UAE business guide can help give you an idea on what the various legal processes involved in setting up a business in the region. However, if you don’t have the means to take care of this task on your own then the best way to jumpstart your enterprise in the city is to look for a local UAE business consultant firm to help you process all the requirements to register your venture quick and easy.

Sap Business One Customization User Defined Fields And Tables

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If you think about light customization of your user interface, prior to considering SDK programming we recommend you to review User defined fields and tables with your consultant. We would like to show you where they are and give you some modification case studies. We will base our publication on current version 8.81. However similar functionality is available in earlier versions, such as 2007A and B and 2005A/B. Lets begin with extending existing master records:

1.Business Partners table extension with user defined fields. Both Customers and Vendors are united in the same table. Lets now assume that you would like to add several persons with specific commission description and percentage each, where you need no more than three sales representative. Add nine fields to the Business Partner, each three per commission (Salesperson ID, Commission description and Percentage). How do I get there? Tools -> Customization Tools -> User Defined Fields Management, here expand Master Data, then Business Partner, highlight Business Partner and click on Add button on the right bottom corner of the window. Now, how do I do calculate commission without programming it in SDK? Good question. Consider Crystal Report, which looks at paid invoices and business partner custom commission fields

2.New User Defined Table monthly service unit cost. Lets now imagine that you are reseller of something like advertising time and your franchisor is varying your cost every month. Instead of updating the cost in all your Inventory Items, you would like to have one central table, where the cost is specified for each month, and probably in relation to the country or region, if you are participating in international business. If your business is relatively simple in the form of Sales Order and Invoice creation, you may decide zero cost for your service items and do one General Ledger monthly cost transaction to keep your Balance Sheet, P&L accurate. User Defined Cost table is accessible through normal user interface

3.Animating User Defined field or tables via SDK programming. If you feel that customization and reporting options described above are not doing the job, the next step would be to register User Defined Object or appeal to SDK programming. Object will be described in separate publication. Software Development Kit coding should be done through certified SB1 reseller, who carries certified programmers in staff

4.Some notes about version 8.8 and 8.81. First of all there are no more of such things as A and B versions. This means that your corporate ERP SAP Business One could be installed on the same Windows 2008 and SQL 2008 Server with companies for all the countries, where you have facilities (assuming that SAP B1 is localized for these countries). Previously there were two flavors A and B (like 2007A and 2007B, where USA and Canadian versions were available in A and Brazilian or Chinese in B, and you had to have two server installs). Second, we would like to mention such cool feature as Purchase Quotation and Purchasing Quotation Generation Wizard (in Corporate ERP terminology it is also referred as Requisition Management)

5.Business One as an option for your international subsidiary, where in USA or Canada you are deploying Microsoft Dynamics (GP, AX, SL, NAV). We did it for several of the well-known multinational corporations. There are several methods. One of them is to export SAP BO GL Trial Balance into Excel worksheet and use it in your FRx or Microsoft Management Reporter consolidated P&L or BS (this should be setup in Reporting Tree). The second method is GL transaction level consolidation. Here you have SB1 as your overseas accounting application and in US you have the shadow company with exactly the same GL accounts. You export SBO GL transactions every night or weekly and import them into Dynamics via Integration Manager or eConnect programmed custom integration. Similar options exist for Axapta, Navision, Solomon, as well as for non Microsoft Corporate ERP platforms, such as Oracle eBusiness Suite/Financials

6.Crossing the borders in Easter Europe and South America. This Corporate ERP application is localized for Russian Federation, where it is facing strong competition with such locally developed package as 1S Bukhgalteria (1S Accounting in English translation). In Brazil this small business MRP and ERP package has very good reputation and it is often implemented for larger organizations. It naturally competes with local accounting application Microsiga

7.Please call us 1-866-304-3265, 1-269-605-4904. We have local presence in Chicagoland, Southern California, South West Michigan, Houston and Dallas areas of Texas. We serve customers USA, Canada, Mexico nationwide and internationally via web sessions and phone conferences (Skype is welcomed). Our consultants speak English, Spanish, Portuguese, Russian, Chinese

Business Centre Is A Good Option For Conference

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Searching space for meeting, conference, seminars or interview rooms can be a hassle if you dont know where to look for them and how to make a right choice.
Business centres seems to be a good option. They offer fully furnished office space with professional environment. One of the popular business centres in Delhi provides conference space in south Delhi, in mountain fresh ambience. The air that they pump into the building is devoid of pollutants and rich in oxygen. Consequently, the rate of absenteeism decreases.

As business centres provide furnished space, you need not worry about the housekeeping and security services. You will get clean rooms and hygienic restrooms. In addition to this, they facilitate the customers with hi-end and updated technological facilities. These days companies prefer organizing audio-video conferences. Video conferencing has a lot of advantages. It does not need a bigger space. By video conferencing one can be available in multiple locations and talk to different people at a time. One does not need to travel for the conference. It can take place anytime, anywhere. In a nutshell, cuts the cost and saves a hell lot of time and efforts.

The business centres are normally well-equipped with such facilities. Therefore, organizing an AV conference is not a tough task for them. Now days, web conferencing is also an emerging trend and the benefits remain the same. To organize a smooth and hassle free web conference, a business centre needs to have good internet speed. There are many business centres that provide conferencing solutions New Delhi. But you need to check whether all the facilities are available or not.

Business centres also offer offices with hot-desking concept. There are many business centres that offer Hot desking services in Delhi apart from the space for conference, interviews, meetings and workstations. It is one of the widely used concepts of business centres. You can always keep such information for your records. As business centres offer everything that a company may need. It is better to go for one-stop solution.

Help centre is another funda of business centre that comes handy. It indicates to the team that will readily assist you in everything that troubles you.

If you are looking for a conference space then, it is better to go for a business centre for it. You get a professional environment; organized set ups; teams to take care of your requirements; no stress of maintenance; everything in ready-to-use form and finally the peace of mind.

Ways To Grow Or Expand Your Business

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In these tough economic times, it is more important to look at different ways in which you can grow business wisely. This can be done in a variety of different ways. In growing your business effectively, it will be important to look at several different aspects of your existing business. Are you financially sound to take on this new project? Have you sought out the perfect location? Do you have a plan of action in place? All of these questions are integral in assuring that your business will be a success. Lets go into a little bit more detail on the ten best ways to grow your business.

The first step is to know your market. If you are looking at growing your business and possibly adding other locations, it will be important to know who you are catering to. Make sure that the products or services that you are offering will be adequate for the needs of the consumer.

Second is to know what your financial availability is. Often, the business owner may have the right intentions, but it may not be feasible for the moment to grow or expand the current business. There is the possibility that waiting and planning will actually be in your best interests.

Third, you will need to make sure that your employee needs are covered. Can the existing staff accommodate an increase in work? Will you need to hire more staff? Have you trained the existing staff to take leadership roles if need be? These are all answers in which only you can provide.

Fourth is to know whether your location will suffice for the growth. Will you need to add a location? Would it be better to buy or lease a larger location or should you add on to the existing location?

The fifth best way to grow or expand your business is to make sure that your support staff is in place. You will need people who are organised and professional in order to build the base on which you can make your business a success.

Sixthly, you need to keep up to date with all your financial obligations and ensure that they are all being dealt with and upheld in a professional and timely manner.

The seventh item would be to look at your procedures and if need be create a new organizational structure. This can be done through joint ventures, mergers, and acquisitions which can help grow and diversify your business. Eighth

The eighth way to improve your business is to analyze all aspects of your business, products, suppliers, clients, areas, etc. Try to phase out any areas that are not making a profit and incorporate more of the successful areas into your business.

Ninth is to look at the value of your company as a whole and try to increase its market share and diversify your client base and increase in areas that have been previously unexplored.

And last but certainly not the least is your time! Do you have the time that it is going to take to make this happen? Often, during the expansion of business, the owner will find themselves devoting just as much or more time to the growth process.