Monday, May 23, 2011

Occupational Fraud and Abuse Is Real

occupational fraud and abuse is real, but we would like to believe otherwise.

Organizations incur costs to produce and sell their products or services, these costs run the gamut: work, taxes, advertising, employment, raw materials, research and development, and, for alleged fraud and abuse . The latter expense of fraud and abuse, however, is fundamentally different from the first: The real cost of fraud and abuse is hidden, but is reflected in the profit and loss figures. The 2006 Report to the Nation on Occupational Fraud and Abuse estimates that U.S. organizations lose 5% of its annual revenue to fraud. Applied to the 2006 U.S. GDP estimate (Gross Domestic Product), this figure would translate into about 652 billion U.S. dollars in fraud losses. For closely held companies the average loss suffered by organizations with fewer than 100 employees to $ 190,000 per project.

This is an issue that most business owners and managers like to believe is not an expense for your business. Unfortunately, it is a real possibility unless one is diligent, aware of the possibilities and a guardian against the environment which promotes behaviors much less than desired.

How To Promote Your Product

If you want to grow their business, you will have to promote your product. While this may seem obvious to some, it is another problem trying to decide which ones to use. So many people get to use their promotion techniques as you choose how you will do your own advertising. Some ideas may be more practical or attractive to you, the decision of how much time, money and effort you have to give publicity.

One of the first things you can do is to advertise your company and products in the yellow pages. While many people now use electronic devices and the Internet to find businesses, there are still those who refer to the yellow pages to find what you want. One of the advantages of using this type of advertising is not going to be as expensive as others. Get the biggest ad you can, and call the attention of others more quickly.

The newspaper is another place where you can promote your products and advertise your business. You can take advantage of cash advertising and advertising inserts. In addition, many local newspapers run articles promoting companies and products that may be of interest to their readers. You can also have periodic special interests that may exist in your area, go directly to the people who are interested in your product.

Friday, May 13, 2011

Implement crisis management planning for the Safeguarding your business

In the business world today the reputation means a lot. considerable amounts of time and energy be spent creating an image and building a reputation. This could be very costly and long, and the procedures used in combination with the achievements must be continually reassessed. However, once a company has created and built their image and reputation, they need to make sure to strengthen and protect it. A reputation painstakingly built up over many years at the expense of important resources can easily be destroyed in one motion. As a result, it is essential that all companies employing enough to be well prepared in methods to protect their reputation if they are threatened.

How effective planning for crisis management can dramatically impact the foreseeable future of a brand or organization. If the planning of crisis management is inadequate in a time of uncertainty carefully built a reputation over many years may be destroyed immediately. This type of planning allows the development of methods that can be applied if the requirement to transpire. This type of planning allows a company to respond instantly, the elimination of delays that may otherwise be very expensive business. The crisis management planning law must not only be able to preserve the reputation of companies, but also must be able to further enrich.

What is Social Media and why it will help my business?

What is this social media marketing is and how it will help my local business?

Social media in the Internet today are the channels or online services that people use to communicate with their friends, supporters, subscribers and others who have enjoyed the interest. One of the unique features about social media is the ability to "like" someone else's message, read your experience of using a product or service, post reviews and comments, etc.

Some of the social media channels are more evident today are YouTube, Facebook, Twitter and Google sites. There are other online directories, such as pages of the Executive, Citysearch, Yelp, etc. It is important to be listed on these directories because people want to talk about your business and tell others about her experiences in the treatment of your business.

Hopefully all these people going crazy to give advice and congratulations to you about what they think of your business. Sometimes this is not true, and so these channels and directories that allow a business owner to participate in a dialogue with anyone who posts a review or comment about your business, whether good or bad.

Tuesday, May 3, 2011

Business Partnerships and Their Advantages

The Partnership is a very common kind of ownership of smaller firms with a single owner. Partnership as a kind of property offers a few tax advantages, however, is less favored as a corporation because of the liability component. Regardless of their position or ownership of the company, almost all members are responsible in individual capacity.

Let us find out about the 3 kinds of partnerships in particulars.

General Partnership
Probably the simplest and most fundamental type of partnership, joint partners are fully liable for all transactions made by the partner company. For example, if A and B are partners and deals with one (for example A deals), and finally defaults with a third party, it is not just A who is responsible for fixing the damage, B is every bit responsible, even going so far like selling his property to settle the injured party.