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How To Buy A Laundromat Business For Beginners

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For buying a coin-operated laundry service facility or how to purchase a laundromat business, you’ll need a little knowledge about the subject. Purchasing a coin-operated laundry business can be done by anyone. You can buy a coin-operated laundromat probably without having to worry about any additional costs or expenses. This is a business that can remain for a long time because of the amount of dirty laundry out there. The main necessity in buying a laundromat service is that you start with a solid foundation and plan. This is the most important thing you need to do before procuring or beginning a coin-operated laundry service.

The area and neighborhood is the most crutial element when building a laundromat service. When you build a laundromat service or procuring a coin-operated laundromat business, you need to ask the owner why he or she is selling. Be persistent with your questions. It is in your best interest to uncover the real reasons because you will be the one holding the bag later. It is possible that other coin-operated laundry services are available in the area or the machines are very old and need replacing, or the lease of the property will be increasing. You must do you research, and do it thoroughly.

The next thing you should be doing is to find out what you can expect to make from the laundromat business. You should establish what you intend to earn, and then do research to make sure the laundromat business in question can deliver this. Never underestimate the ability of a seller to inflate his numbers to make the business look more profitable then it really is!

You need to determine where your initial capital comes from. Your source for your startup costs can come from many different places. You can pursue a personal loan from friends or relatives. If you already have an existing relationship with a bank or other financial institution and lots of statistical information about the business revenue, you should be able to obtain a business loan from any financial institution. But with todays market, it can be hard to get the financial institutions to loan any money at all. It is fairly simple to buy a laundromat business, but maintain a reasonable profit margin is a lot harder. If you dont invest the time and research, your coin-operated laundry service could flounder.

If you are going to buy a coin-operated laundromat business or you are buying a coin-operated laundromat, you must have properly running equipment. How do you expect to run laundromat successfully without having the equipment? If you are obtaining a laundromat, you should have the laundry machines inspected by a professional service. the general status of the machinery should be taken into consideration into the price of the business. Remember, there is always some type of maintenance needed on an on-going basis – machines break down and need repair sometimes. You can perform all the maintenance on your own, or hire professional services to do the labor work for you, giving you the time to run the business.

After buying a coin-operated laundromat business, all you have to do is make sure your equipment continues to operate, correct any problems, keep it tidy and clean, and collect your money from the machines. Owning and operating a coin-operated laundry service is is relatively simple, but the difficulty is in selecting the proper location and not over-paying for a coin-operated laundry business. Whether you are building a laundromat or you want to start a laundromat service, you need to do your research.

Retail Stores And Business Transaction Management

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In the fast paced modern retail world, it is imperative that companies stay abreast of the latest technology. This is true in all industries, and retail stores are no exception. One of the first industries to embrace business transaction management (BTM) was in fact the retail industry.

Early Adaption to BTM Solutions

There are many reasons that retail stores quickly jumped on the potential shown by business transaction management. One of the most important and impressive reasons for adopting this technology into IT system’s management was that BTM was and still is very efficient in what it can produce. It makes the running of the complex IT systems behind a retail store much more effective by reducing the MTTR (mean-time-to-repair) and MTBF (mean-time-between-failures) for software problems; thus, keeping operational expenditures lower than would otherwise be possible.

BTM can auto discover and then monitor all the transactions and their dependencies in a retail order process flow. For example, it discovers the applications that check inventory, captures an order, validates the order, calculates shipping and tax, takes payment and the integrations of retail order process with demand management, fulfillment, and ERP. For each of these applications it monitors in real-time the transactions they invoke and their outcomes.

BTM is attractive because it can be tailored specifically for any size of retail store. It can be scaled in terms of the features used to the needs of the business. Then as the business grows the right BTM solution has the ability to grow right with the business. This keeps cost low, as there is no need to continually replace an existing IT system or add new layers of functionality.

Instead, the retail store can activate more complex features, or simply have them added to what they already use. On top of this, BTM software lets its users monitor and reduce the number of business impacting problems from a range of infrastructure as varied as legacy applications with their roots in the 1960s to the latest SOA and cloud-based applications. This lets users attain the highest availability and performance out of their existing IT environments at the lowest cost, instead of forcing redesign, again keeping costs to a minimum and reducing the need for a much larger IT team.

Business Transaction Management and Application Performance Management

Retail stores must be able to monitor various applications and the transactions they invoke in an efficient, timely and professional manner in order to stay competitive and provide a high level of customer service. Stock levels, sales, purchases and other important data are directly related to bottom line profits.

With a high quality BTM solution in place, real time monitoring is a reality within the system. This drastically reduces any potential problems from occurring, and ensures that the response times for any bottlenecks in the system are kept to an absolute minimum.

Application performance management takes BTM one step further. APM monitors the performance of various business processes and the IT transactions that impact the supply chain. Then through the powerful correlation abilities of a complex event processing (CEP) engine, APM turns huge data sets into useable information.

This information could involve anything from supply chain management and raw materials to tracking stock levels and cash transactions. If it involves information, BTM/APM work together to keep a business’ computer connected activities flowing smoothly. As there are multiple applications required inside the IT environment, each one performing a different function, yet needing to interact with the other applications within the system, BTM/APM is the only way to maintain control. Without a BTM/APM solution high performance and constant 24/7 availability just cannot be maintained.

The Nastel AutoPilot BTM/APM Solution for Retail Stores

Nastels AutoPilot BTM/APM solution can deal with all the issues faced by retail stores. AutoPilot’s business transaction management component improves business process execution. The built-in complex event processing engine enables deep-dive diagnostics which find bottlenecks in the system before users are impacted and business processes are disrupted. This enables IT to resolve them before they cause mission critical events that impact profitability.

The application performance management component empowers retail stores with the ability to do more than maintain control of their IT environments. It allows IT to optimize the environment. All in all AutoPilot offers one of the best solutions for resolving real-time issues quickly, cutting IT infrastructure costs and keeping customer’s happyall things that impact the bottom line.

Team National Review – Is The Team National Mlm Home Business A Good Way To Make Money

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What is Team National? Team National Review
Team National is a $200+ billion a year network marketing company (or MLM home business) founded in 1997 by Dick Loehr. Located in Fort Lauderdale, Florida, the company is a legitimate business as evidenced by their various designations and associations: members of the Direct Selling Association (DSA), a Registered Member of Dunn & Bradsteet (D&B), a Member of the US Chamber of Commerce and a Member of the Better Business Bureau of Southeast Florida (BBB), plus strong endorsements from people like best selling author & leadership development coach John Maxwell, among others.
The “Product” of the Team National MLM Home Business:
Every legitimate MLM home business company must market something of value to its customers in order to generate revenue to the company and to be able to pay it’s network of distributors. Team National is different however, in that it markets a membership to help people save money who use it on a vast array of products and services in over 20 different industries. Since 1997, total membership and product sales is approaching $1 billion.
The idea behind developing a company to provide benefits and services – now called membership savings – came as Dick envisioned an MLM home business program, that would allow anyone who owns a membership package to enjoy the type of discount buying power as a Fortune 500 company. Starting with only a few basic discounts – savings on oil changes and new car purchases – the Team National MLM home business now offers substantial savings on everything from small everyday items (household goods, business supplies, communication services, insurance and travel services, clothing, food, you name it…) to larger once-in-a-while type items like jewelry, home furnishings, vehicles and toys.
They split the savings into 4 different divisions:
1. Factory Direct (up to 65% savings on items like jewelry and home furnishings)
2. Group Buying Power (over 20 different industries)
3. Business Exchange – save locally at thousands of small businesses across the country
4. E-Commerce – up to 30% commissions from over 100 popular and brand-name retail stores with a Team National website
The Opportunity for a Team National Home Business:
AlthoughTeam National’s membership program demonstrates clear value and representatives – or Independent Marketing Directors (or IMDs) as they’re referred to – who mainly want to sell the aspects of the membership in order to get sales will not make much money with Team National. As with all MLM home businesses, MLM and internet home based businesses, creating a sustainable, booming, walk-away residual income requires leverage in the form of team building. Through building teams, you can multiply your efforts to get not just a few membership packages purchased; in fact, it’s possible to get hundreds and thousands of memberships purchased through your network from which you receive your override so-to-speak (just like an insurance broker receives an “override” on the accomplishments of their people).
The Team National compensation plan offered is also one of the better ones in the industry simply because of the amount of money Team National pays out. This is because the company pays out 72% of the price of the memberships back to the reps in commissions and bonuses with their hybrid binary structure. This unusually high compensation amount – they talk about weekly pay for your first “Progression check” of $1,500 – is because there is no needed product markup or profit margin added onto the price of the membership. This enables the company to negotiate these savings based on the group’s high-volume buying power (just like a nationwide co-op). This again is one main advantage Team National has over its rivals in the industry.
Highlights of the Team National MLM Home Business compensation plan:
As discussed previously, the Team National business model as with most network marketing companies, pays out the most for those who build teams (because that gets more memberships purchased). Using their hybrid-binary structure, they pay out between $25-$100 for every membership sale. In addition, Team National has created a points system where just 4 membership sales (on average) in each leg of the binary will produce a $1,500 check as often as weekly (see compensation plan for exact details). This is strong compensation and as your team grows you earn additional legs (paycenters they call them) which each pays out an additional $2,500 when on average 4 sales are made on each of the paycenter’s 2 legs. This can add up to substantial income for the serious business builder.
It’s worth noting the difference between $25-$100 per sale (for the salesman) versus building a team and being paid $1,500 from 4 or so membership sales in each leg that you or your team bring in. All in all, Team National is one pretty powerful MLM home business for those who approach the business the correct way.
So how does a Team National IMD go about building a thriving, income-producing team?
First, you must have some kind of system in place to help you promote to find and qualify potential business partners to present the Team National MLM home business opportunity to. You can do this by just talking to people you know, or you can work smarter by utilizing the power of tools like the internet to help you sort through an almost endless quantity of probable prospects actively searching for an opportunity like the Team National MLM home business provides. Work smarter to leverage your income and get your business in front of more people to make more money (it’s all a numbers game after all) or continue doing what you’ve always done if you want to continue to get the same results.

what’s In A Name – Just Your Business Survival!

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What’s so important about how I sign my name?”

I get asked that question all of the time from my business consulting clients.

I tell them that a better question to ask me is this:

“Who cares about how I sign my name?”

The answer is a simple one.

NOBODY.

FINE PRINT: Except… your customers and clients, your creditors, your bank, your mortgage company, your landlord, the I.R.S… oh yes… and anyone else that wants to SUE YOU (and don’t forget ALL their lawyers!).

As in many areas of the law, the exception to the rule swallows up the rule!

What do I mean by this?

Well, let’s start with some basics. For instance, if you’ve already formed a corporation or limited liability company (LLC), you may think that you’re already protected from personal liability in the event of a lawsuit against your business.

In general, the rule is that a corporation or LLC, if formed correctly, and if all of the formalities required under the law of the State where the entity was formed are followed, does protect you from personal liability for business debts and lawsuits.

FINE PRINT: Except… when you choose to do business as an individual, and not as the corporation or LLC that you initially formed.

You see, whenever you sign documents like contracts, purchase orders, contractual agreements, leases, loans, mortgages, promissory notes, and most other legal documents involving your business, you need to make sure that you sign your name only in your business capacity.

You MUST avoid signing your name in your individual capacity.

And how do you do that? It’s pretty simple. You see, the format that you use to sign your name is the controlling factor.

In many cases, you as the business owner, sign your name without knowing how to properly sign your name to business documents. In fact, most business owners of corporations and LLC’s still sign legally binding agreements in their individual capacity…and not as the business.

SIGN AS AN AGENT OF YOUR BUSINESS

If you have formed a corporation or an LLC, you must remember to sign all contracts, agreements, invoices, etc… as an agent of the business.

For example… Many business owners haphazardly, or perhaps inadvertently, sign legal documents like the format shown in

EXAMPLE 1 below:

EXAMPLE 1

(signature)
————————
John Doe

“But what is the consequence of signing my name like in EXAMPLE 1 above to invoices, agreements, or documents?”

EXAMPLE 1 and the above signature format legally establishes that YOU have signed the contract, invoice, loan, or agreement as an individual.

And not as an agent on behalf of your business.

If you sign your name to agreements in the form depicted in EXAMPLE 1 above, YOU could very well be liable personally to meet all of the terms of the agreement.

And you likely don’t want to do this!

Why Simply out, because you’re therefore subjecting all of your business assets and personal assets as well to the risk of a lawsuit.

If you sign agreements as depicted in EXAMPLE 1 above, YOU will very likely be named personally, as well as your business, in any lawsuit filed against the business.

Remember then:

Signing your name like in EXAMPLE 1 above DOES NOT establish that you have signed the agreement as an agent on behalf of your business.

“Okay. So how should I sign my name to my invoices, contracts, leases, loans, or any other business agreements?

What simple step can I take to protect my business, and my personal assets as well?

SIGN DOCUMENTS ONLY AS AN AGENT OF YOUR BUSINESS

Make sure that you only sign legal documents, letters, memos, invoices, loans, leases, etc… as an agent of your business.

How must I sign my name to any legal document or agreement to show that I am signing only as an agent of my business?

Follow EXAMPLE 2 below:

EXAMPLE 2

ABC CORPORATION, INC.

(signature)
———————————–
BY: John Doe
President (Company Title)

If you sign your name on the dotted line following the exact format depicted in Example 2 above, you legally establish that you are only signing as an agent on behalf of the business…and not in your individual capacity.

But you MUST follow the Example 2 precisely.

CAVEAT: Another very important point on this topic.

AVOID SIGNING documents that state “PERSONAL GUARANTY” on them.

A Personal Guaranty is usually a separate legal document attached to the main agreement. You generally see a Personal Guaranty in a loan, mortgage, or lease. However, sometimes a Personal Guaranty can be established just by the way you sign the legal document, invoice, lease, or agreement.

How?

Simple. If the agreement merely has a signature line that has your individual name on it without any reference to your business name, you are signing the document as a Personal Guaranty. You are therefore personally liable for that agreement if you sign the agreement with such a signature line.

But, what do I do if I am being required to sign a Personal Guaranty, like for a business loan or commercial lease for example?

If a Personal Guaranty is required, you or your lawyer should negotiate a limited period of time (the shortest possible) that the Personal Guaranty will bind you as an individual.

Remember, if you formed a corporation or LLC in the first place, you did it to avoid personal liability and to protect your personal assets. Anyone who does business with your company should, and usually does, know this. So, be careful. Other possibilities can be negotiated too. Just do your best not to sign in your personal capacity by signing a Personal Guaranty.

It’s important to remember to only sign legal documents, invoices, and even letters as an agent of your business. (Follow the format found in EXAMPLE 2 above).

How else can I make sure that I am signing my name properly to all of my business documents?

Call your attorney to review all of your agreements, invoices, leases, and legal documents BEFORE you sign them. Your attorney will offer sound advice that protects YOU, your loved ones, and your business.

Now, let’s review.

What’s in a name?

Well… besides your business…

…it could be all of YOUR personal and family assets!

The best advicve especially in the midst of tough economic times or a Recession, is to have any document you sign first reviewed by your lawyer or business consultant.

Copyright (c) 2008. Miguel Mendez, Jr. All rights reserved.

Benefits Of Laminated Business Cards

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When a business is looking to market a service or product, they commonly give out business cards. But when ordering such business cards, it’s rarely given much thought as to how much options such as lamination can really benefit a business. As it turns out, there is much to gain from this untapped aspect in business cards.

The process of lamination gives business cards a coating of plastic that can shield the business card from harm or dirt. This benefits the one who buys them, usually the business, as their business cards will last longer before needing replacements. This reinforced plastic can withstand tears, stains, and a wide variety of other substances that normal business cards would be rendered useless by.

The potential customer also benefits from the lamination of a business card, in the sense that they will always have an easy source of contact information thanks to the extended longevity in life of the business card. If a business card lasts longer, customers can appreciate a long term usage of it- which also in turn helps out businesses by reducing reprint costs.

Lamination also gives business cards a sleek design and feel to them- meaning they stand out from the rest. If a possible client is going through business cards, it is likely that the most visually appealing cards will be the first viewed. The slick exterior of a laminated business card can help cards stand out in such a way that gives them edge over competitors who stick to convention formats of business cards.

While laminated cards can have a wide plethora of benefits, there is the disadvantage of not being able to write on them with just any writing utensil. Pencils and pens will do little for customers who want to write on the plastic, and one must usually resort to markers. Other types of lamination, which costs more, can alleviate this frustration by using special coating material that can be written on.

As far as pricing goes, it should be expected that business cards with lamination will almost always cost more than those that don’t. This is because it takes extra work and materials to give the coating its ability to shield all of the obscene from the business card inside. But as previously mentioned, the benefits can often be too great to ignore- as the longevity and repeat business that laminated business cards give is too beneficial to discount.