Business Creditworthiness

 Criteria for Business Creditworthiness

Creditworthiness is probably the single most decisive factor whether companies will lend, increase line of credit, or sell to a business. Creditworthiness is not only based on your company's business reputation but also the company's overall financial strength. Banks, suppliers, and others who provide credit for your business, will examine the business credit report to determine the company's creditworthiness.

Your company's creditworthiness depends on 4 basic criteria,

• Financial strength
• Character Traits of the business
• Economic environment

Financial Strength

The financial strength of the business is one of the most important variables to infer creditworthiness as it measures whether the company has the financial resources to repay its creditors. Fundamentally, it is the financial resources available to the business, which could be in the form of cash, funds from debt or investment. Business capital can be in the form of short or long-term. Short term Working Capital is the measurement of the availability of liquid assets of a company has to fund its day-to-day obligations, such as,

• Repayment of interest on loan
• Bill payments to suppliers
• Employee salaries
• Tax liabilities

These are elements in the business cycle that can quickly absorb cash. If working capital dips too low, a business risks running out of cash. The availability of a bank credit line is often used to smooth out peaks and valleys of a business cycle.

Long-term capital is usually a loan obligation with maturity date that is more than 1 year. When utilize properly, a company can optimize the use of the borrowed money to finance long-term investments and use the earned profit to pay for the interest of the borrowed money.

Lenders also calculate specific financial ratios to determine where the business stands within the industry and in comparison to other businesses that are similar in size. This portion of the credit business report closely examines the financial statements for items such as; working capital, debt to equity, cash flow and net worth.

Character Traits of the Business

Lending institutions compose an evaluation on whether the business has the management ethics to stand behind its business transactions. Character in business consists not only of ethical attitudes (such traits as high moral values, diligence, determination, confidence, perseverance, responsibility, resourcefulness, trustworthiness, efficiency, and respect), but also the company's credit history and other operational traits.

Business character is frequently determined by analyzing the credit history or credit score of the business. To acquire a business FICO score a business will require at least 4 trade references. Factors affecting a business credit score include:

• Timeliness of payments
• Unpaid accounts
• Outstanding debt
• Available credit

Although credit history is major factor, there are other factors used to judge business character and they include:

• Owner's know-how and experience
• Structure of business
• Size of business
• Years in operation

Economic Environment

The economic environment surrounding the business will have external events that can affect the operations of a business. These circumstances are all examined by the lending institution to determine creditworthiness. These external factors will include the overall economy, growth within the industry, government regulatory changes and more.

The business credit score is used by creditors to establish the risk versus reward of granting a business credit, and is also used to establish the interest rate on loans and business lines of credit. As the business credit report affects the operations of the business, it is within your best interests to build an excellent credit rating.

As it is with the individual credit scores, it is important to review your business credit profiles from credit bureaus at least once or twice a year. Make sure the information is accurate. Upon finding errors, contact the appropriate bureau and report the errors immediately with proper documentation.

Microsoft Software For Better Business Solutions

Today businesses have unique challenges within the company and in the market to overcome in order to stay competitive. Now, advanced technology has become an essential tool to increasing business opportunities, helping businesses make more informed decisions, and adapt to constantly changing markets and trends. Businesses need the computer technology to understand their customers, reach new customers, streamline operations, identify risks, and open new business and opportunities. To meet the new business demands and challenges, Microsoft now provides business software to help businesses maintain a competitive edge.

Microsoft has a wide variety of business software to meet demands. For instance, Microsoft offers such business software as: Office 2010, Office Project Professional, Office Visio Professional, Office Web Apps, Office Live Meeting, Office Live Small Business, Office Live Workspace, Windows Small Business Server, SQL Server 2008 R2, Dynamics CRM, Dynamics RMS, Dynamics GP, Dynamics NAV, Dynamics SL, Microsoft Exchange, and Microsoft SharePoint.

Whether it is a small, medium, or large business, Microsoft software allows businesses to achieve such goals as: gaining better business insight into operations in order to make quicker and more efficient business decisions, gain real-time access to business information to operate more efficiently, and gain the ability to better analyze projects. As well, businesses can effectively monitor sales, improve fiscal management, improve inventory monitoring, reduce production inefficiencies, improve communication, and better simplify management tasks.

Microsoft business software allows a business to decrease operational expenses, make desktop and application managements much simpler, decrease costs for managing inventory, provides IT staff with the right resources to make operational systems more efficient, improve customer service, minimize disruption in services, and create a dynamic and cost efficient business infrastructure. The result of improved business efficiency is reduced operational costs, improved profitability, and more solid business management.

Microsoft business software allows a business to integrate all of the business data into an easy to access and use database so businesses can analyze the information more productively and make informed real-time decisions that benefits business operations. Their software is scalable, customizable, and designed to help automate unique business processes and make it much faster for a company to achieve success.

Microsoft's software helps businesses improve their bottom line by making more efficient reporting, reducing infrastructure costs, reducing ongoing support costs, boosting worker productivity, and boosting working capital. As well, a business will be able to improve inventory management, reduce the time it takes to get products to the market, trim down administrative overhead costs, reduce communication costs, and reduce employee hiring and training costs.

In today's competitive business environment, effective business software allows companies to rapidly identify, take action, and learn and adapt to new market trends and new business opportunities. Microsoft software for business solutions helps businesses leverage their resources and address today's business challenges. By identifying key relationships and problems, and then implementing the proper strategies and applications, a business is better able to maintain profitability and compete in a highly competitive market. Microsoft software is essential for achieving better business solutions.

Is Market America a Legitimate Network Marketing Business

Headquartered in Greensboro, North Carolina, Market America was founded in 1992, and is a product distribution and internet marketing company. They service more than 3 million preferred customers, and have over 180,000 Distributors and UnFranchise Business owners in their network. Since their inception, they have generated over $3 billion in sales, and have paid out over $1.8 billion in commissions and bonuses to their distributors and business owners. Market America employs more than 500 people globally.

The Market America Business Model:

The Market America business model is dependent on network marketing to grow your business. When you become an entrepreneur of Market America, you will be supplied a Web Portal. Through the use of this Web Portal, Market America tracks the buying habits of customers in order to match products to the individual customer. Through this Web Portal, customers have access to over 35 million different products or services, whether that be Market America brands or brands from partner stores. Based on the amount of products and services that they offer, they are three times larger than Amazon.com, and are the largest internet shopping website on the net today.

Market America offers a business opportunity that they call the UnFranchise Business. They have given the business this unique name, because you receive all of the support and training of a franchise, but do not have to pay a franchise fee. Additionally, instead of receiving a franchisor royalty, you will be paid commissions based upon the amount of sales that your Web Portal is able to generate.

Can I make Money with Market America?

The Market America business model is based upon a BV or business volume system. BV represents 80% of every dollar spent by a customer via your Web Portal. For example, if a customer spends $100, that represents 80 BV. When you first become an UnFranchise Business owner with Market America, you will need to find 2 other business owners to join your team. You will put one on your left, and the other on your right. This will activate your business, and you will not be able to collect commission checks until you accomplish this. Once your business reaches 1200 BV on the right side, and 1200 BV on the left side, a $300 commission check will be released to you. The more BV that your business generates on the left and right side, the larger your commission checks. Once your business reaches $109,000 per year in commission checks and bonuses, your business will max out. Once this occurs, then you are expected to start a brand new business, and duplicate all of your original efforts in your first business, if you have a desire to make more.

When you become an UnFranchise Business owner, you will be expected to have hotel meetings, share your business with family and friends, promote home meetings, and host product shows. If you have no problem doing the following activities, then Market America might be a good opportunity for you.

In my opinion, Market America does offer a legitimate business opportunity. Although, the compensation plan does not seem to be a very lucrative one compared to the amount of efforts that are expected from you. With that being said, this opportunity is not a scam.

If you are new to network marketing, or any business that is dependent on marketing efforts, I encourage you to enroll into a reputable online marketing course. This course will teach you the techniques and strategies that are used to market any business online. In my opinion, for the average person, it takes much more than family and friends, hotel meetings, or house parties to make a business of this nature a success. In our modern world, you need to utilize the power of the internet to market any kind of business. If you learn the strategies that are used by top online marketers, you can make any legitimate business opportunity, including this one, a success.

Why Writing a Business Plan Destroys Entrepreneurship

At the tender age of 7, my swimming coach attempted to drown me.

Growing up in Nigeria, a full-sized swimming pool was very hard to find. So it was a pleasant surprise when I discovered that my neighbors from across the street had an actual pool. Unfortunately, my excitement was quickly dampened by a lingering reality, "I couldn't swim." While the other kids jumped and splashed around the pool, I remained rooted in the shallow end engulfed in a resplendent glow. A glow that emanated from the numerous orange colored swimming aids that prevented me from drowning in the shallow end! For years I sat at the edge of the pool wondering what it would feel like to swim unassisted in the deep end...until one summer I met Coach Mike.

Coach was a rocks answer to floating. He was what I needed to overcome my fear of the deep end. Coach's promise was that he would have me swimming laps around the pool by the end of summer. The next several weeks would prove to be grueling as I was subjected to a strict regimen of numbing exercises; from the wall-paddling to the free-style "float assisted" glide. Soon I became an expert, conditioned to swim effortlessly in the shallow end without any assistance.

After weeks of intense training, it came time for us to test our skills in the deep end. Now this was the true test of swimmers. It was what separated the rocks from the feathers. All we had to do was dive into the deep end with floaters and swim across the face of the pool to the opposite end. One by one, each kid splashed, wriggled and paddled their way to the target destination. Every kid, except me. Overcome by fear, I stayed planted to the edge of the pool. The coach employed different strategies to get me to jump. He tried encouraging me, but that didn't work. He even tried screaming at me, but the more he yelled, the more terrified I became. By this time the entire pool area had come to a quiet standstill, everyone had stopped swimming. The resulting silence was suddenly disrupted by a loud scream and subsequent splash. That was the sound of me being flung several feet across the pool, landing awkwardly in the now still water...I struggled frantically to stay afloat, kicking and paddling with the conviction of a man doomed to a bitter fate. In all the chaos I could hear the muffled sounds of bodies splashing around as they dived to rescue me. But in my state of confusion and panic, I kept paddling frantically and then suddenly I stopped struggling and just swam...I could swim!

Several years later, I found myself in a similar predicament. As I stared down the deep end of life, yearning to jump in. But this time, I was stuck in the shallow end of corporate America, working a 9 to 5 routine job. I had a passion trapped inside of me, a strong desire to impact my community through public speaking and writing. Instead I was stuck on the edge of life crippled by my inability to come up with a business plan. I had heard the business-plan-advice everywhere, from financial advisors to legal practitioners...

"You need a business plan to start a business"

"A business plan is a must if your business is to stay afloat"

So for years, I tried working on a business plan, but this turned out to be quite an impossible task. The average business plan consisted of at least thirty pages and I struggled vehemently to get past the first two pages. The plan required too much information. You needed a mission statement, a budget, a five year vision, a business name and much more.

My inability to get past the first two pages of my business plan inadvertently stalled my business dream. And would have killed it completely, if it weren't for a simple phone conversation...I needed price-quotes for a website to complete the budget section of my never-ending business plan. So I called upon the only web developer I knew, my older brother. To create a website I was informed I would need at least $1000! I was shocked but intrigued at the prospects of having a website created.

"But I don't have a business name and my plan is not complete" I blurted out to my brother. The response over the phone was an almost one minute long bout of uncontrollable laughter.

"Business plan?" my brother stuttered incredulously.

"You don't need a business plan to build a website and surely you don't need a business plan to start your business."

But everyone said you needed a business plan. Even the lawyer at the entrepreneurship forum echoed the needs of a business plan. But then I remembered she started her law business only because she got laid off! But what about Kamil? He had written up to 3 business plans, all of which were brilliant. However, he still did not have a business. He had three concrete proposals, but no business. At that moment, I realized that contrary to common knowledge, my business plan was actually an obstacle that had prevented me from starting my dreams.

The next morning, I took a leap of faith and mailed out a $250 check as a down payment to begin work on a website. I didn't have a business name; neither did I have mission statement. But with $250 invested in a website, my mind suddenly became productive. And within a week I had come up with two different business names, a mission statement and a one page biography. An act that led to the creation of Ofili Speaks Inc and a business. A business that has seen me travel all over America and potentially author a book. Accomplishments that were never captured on the pages of a business plans.

As I write today I reflect deeply on the instance I made the decision to start. That moment allowed me to begin a journey. A journey marked by tears, laughter, disappointments and occasional triumphs. But most importantly, a moment that enabled me to struggle but swim against the harsh currents of business entrepreneurship. After I was forced into the pool, I realized that I had always possessed the potential to swim. But yet I was stuck at the edge, paralyzed by fear and weakened by excuses.

Today's business dreams are trapped, in the same way, on the edges of great minds like yours. Your dreams are waiting to leap unto a website, a brochure, a store...but sadly they lie dormant, waiting for the perfect set of circumstances to bring them to life. Unfortunately, those circumstances often come in the form of layoff's or financial difficulties. Your dream is too precious to be imprisoned by a metaphorical business plan. Start your dream, discover your potential and draft your business plan as you swim along.

Securing Business Credit When You Need It

It's important to know how to acquire business credit when you are in immediate need for it, but what is more important is to be aware of all the benefits that maintain a separate business-credit report offers in the business credit journey. By just building business-credit, separated from your personal credit accounts, you will be able to restrict utilization of your personal guarantee for welfare of your business. Even if you have minor glitch in your business, your personal creditworthiness remains unaffected.

A List of Few Advantages of Business Loan Credit Building

• Availability of more cash allotted just to be used in business

• You gain immense convenience in making business related purchases

• Your personal assets are thoroughly protected

• With business-credit it becomes easy to borrow money from lenders

• Your personal credit checks and liability is left undisturbed

Getting back to the subject of getting credit when required, if your aim is to remain in business successfully for a very long time, you should have a very good name among your suppliers. Their trust that you will make the payments promptly will go a long way in the success of your business. But sometimes it becomes impossible to pay your suppliers on time as payment might be pending from your clients. This is when you could use business-credit. You can make use of credit in making your payments promptly.

In addition, business loans in the mode of business loan cards, business loans and other line of credits from banks and financial lending institutions could be necessary to maintain the consistency of your business. It cannot be denied that some businessmen run their business smoothly with their own money, but a little help in the initial years of the business, will go a long way in making your business successful.

Obtaining Business Loan Credit Using Personal Credit

Many business owners wonder if having a clean personal credit record will help in acquiring business loans. The answer is a BIG YES. In the initial years of business when you have no business credit profile, your personal credit report will serve as a parameter for lenders in deciding whether or not to approve your application. Thus if your credit report has any blot that might slow down the process of obtaining trade credit, you need to set it right before submitting any loan application.

Be Sure Of What You Need

The next thing you need to be careful about is the amount you specify for your loan. You should come up with an approximate estimation that is very close to what you need. Never borrow lesser than what you need as you might have to arrange for funds from other sources or go back sooner than expected to the same lender. Also, don't borrow in excess as your profit will be marginalized in repaying with high interest.

If you contact your bank with clean, loan score and improve your credits. If you have further questions, contact reputed business credit services.

7 Big Questions You Should Ask Before Starting a Home Business

Starting and building a good, profitable home business can be one of the most exciting and rewarding things you can do in your life. But before you start, if you truly want to be happy and successful, you should ask yourself these 7 big questions:

1. Do I have some money or credit to invest in my future?

A home business is a business. It is not a salaried job. All good, legitimate businesses and home businesses require some start up capital or credit and some money for expenses until the business turns profitable. Find a business that is in your budget. Be prepared to invest in start up and operating expenses, but don't get in over your head.

2. Am I willing to make a commitment and do some work?

It's amazing how many people want to start a home business and make a lot of money, but they don't want to do the work required to make it profitable and successful. A lot if people are looking for a magical push-button business without investing the time to learn the business, get trained, develop skills for success and do the actual work required. Making a real commitment and actually doing work are a necessary part of being a successful entrepreneur.

As anyone who has held a job knows, there are a lot of lazy workers muddling through jobs out there. A lazy person quite simply will not do well in his or her own business.

Granted, there are some business owners who do not do any work in their business. They simply own it and hire people to run the business and do all the work. Those people are really investors. A home business requires that the owner do some actual work.

3. Can I wait a few weeks to start getting paid?

When starting up a home business, there is a learning curve and a build up phase. Both take time. Ask yourself if you have the working capital to build the business to profitability. Starting a home business is like launching a rocket: it requires a lot more time and energy to get it off the ground than it will later on when it is in full flight, just cruising along with you just keeping it on course.

4. Do I have an entrepreneurial mindset?

Anyone coming from a job or the corporate world and into a home business must learn to make an attitude adjustment and a major shift in mindset. The good employee mindset will not be enough. Every employee has a boss. In a home business, you will be an independent contractor. Although you must learn from other successful entrepreneurs and follow training instructions, ultimately you must learn to be your own boss. You must learn to think like a successful entrepreneur, a successful businessperson and a profitable business owner.

5. Can I be my own boss?

This is a biggie. Some people are just not cut out to be business owners and entrepreneurs. They would be much more successful as good employees. Look at the skills required to be successful in the home business you want to start and build. Do you feel you can do it? Will you enjoy the work that is required? Can you be a self-motivated self-starter on a daily basis? Can you manage your time? These are some important questions you need to ask yourself.

6. Do I have big goals that will drive me?

Success in a home business requires a lot of determination, passion and drive. You will notice that those who are very successful in business all have big, specific goals and dreams. They have them written down and they look at them often.

A forty-year long study has shown that people with written goals are thirty time more likely to be successful that those without written goals. Also, bigger goals are more likely to create and attract bigger success. If your goal is to make $40,000 per year in your business, there is no real chance that you will make $400,000.

Write down all of your goals and get excited about them. Envision attaining them. Know that you will be successful. Be excited and passionate about reaching you goals and achieving your dreams.

7. Will I be able to fulfill my dreams?

It is essential that you feel confident that you will definitely be able to achieve your personal goals and dreams from starting and building your home business. You must have faith and confidence or else your subconscious mind will sabotage your efforts and you will fail. If you are not confident that a particular home business is the right vehicle to help you achieve your goals and dreams, then don't do it. It is not a match for you. Find one that will get you where you want to go in life.

Fulfilling your dreams in life can be wonderful. For many individuals, starting and building a good, fun, profitable home business has been the vehicle to fulfilling their dreams.

If you want to be that business success that you have dreamed about, ask yourself these 7 big questions and get clear about what it takes to be successful. If you feel that you have it, then go for it! Get started and keep going until you get when you want to be in life! And enjoy the journey!

Business Financing: Using Business Seller Financing

What Is Seller Financing?

When selling a small business, one of the most important things you need to consider is where to find your prospective clients, and how you can attract them to buy your busin

ess. Seller financing is one of the things you can offer to attract a wider scope of prospective buyers. There may be a lot of buyers who will be interested in your business and they have the skills to run and manage it properly, but lack of financing prevents them from buying it. You will surely sell your business faster for the price you want if you try to understand buyers' motivation in purchasing your business, and if you are willing to accommodate the buyers' inquiries.

What Is Business Seller Financing?

At some point in owning a business, you may admit that you just suddenly want to sell your business for X amount. You may have arrived at this estimated price by using a combination of valuation methods. These include analyzing the sale price of related businesses for sale in your location and other areas, determining the corporate assets' value, and factoring potential growth of revenue. Whether or not the buyer agrees to your asking price also relies on a number of factors, but the most important of all is business financing. Not all aspiring entrepreneurs have enough cash on hand to buy a small business. Most of them have money for the down payment and they plan to pay for the balance via loan transactions. Credit unions and banks are the ones to turn to for business loans, but due to current condition of the economy, business and consumer credit markets have become strict and tight on providing loans. With this, aspiring business owners turn to business seller financing, where the owner of the business for sale acts as the lender.

Why Offer Business Financing?

The following are some of the reasons why you ought to consider seller-based financing when you sell a business:

The interested buyer intends to meet your asking price but is short on available cash to pay the amount in full.

The interested buyer has excellent credit and a solid knowledge of the industry. However, he is unable to get financing due to current economic conditions.

You wish to lessen your tax liability by receiving the profits of the sale in installments instead of a lump sum.

You want to retain some control over the company during the transition process to ensure its ongoing success.

Seller Financing: How Does It Work?

Being the owner of a small business for sale, you may want to check the credit status of every potential buyer of your business. The information you need to examine are net worth, credit history (commercial and personal), as well as the experience the buyer has in your industry. Surely, you want to be certain that the buyer will run the company successfully so he or she can pay you on your loan. Some business sellers ask for a higher down payment compared to banks and other credit unions because the risks are significantly higher. This process attracts buyers since you are willing to invest time and money for their success. Once you and the buyer have agreed on the sale price, interest rate, and loan period, you can offer 7 to 10 years payback duration.

There are different ways to set payments. Some have varied tax consequences on the seller so be sure to consult a tax attorney before completing the payment paperwork. A straight-line payment allows the same amount to be paid each month until the entire loan is settled. It is also quite rare to find provisions that penalize prospective buyers for paying off the loan early. Any interest paid by the seller is offset by quickly gaining the use of the entire loan amount. Another payment method is based on a performance-based schedule. With this, payments go up at times of higher than average net income, and decline when sales go down.

Understanding Management Accounts To Optimize The Sources Of Finance For Small Business

There are really no business financing course which focuses on how to understand accounting when it comes to understanding management accounts. You can of course use academic books but with the information you will get from them, the probability that what you learn from these sources to match your needs as a manager or owner of a small or medium sized business is very low. Would you agree?

So the question is how to get business financing meaning how do business loans work?

Here's a short list of things to consider

1. Develop a solid, on-going, understanding of both your financial accounts or how to understand accounting.

Remember this, regardless of the business financing model, these elements are vital when it comes to your business financing. This is the reason why understanding management accounts are skills you need to have or if not develop quickly as your financial statements tell the story of your business and most importantly your ability to manage it.

2. Ensure you have a sound personal and business credit.

When you have tried to answer the question of how do business loans work, you will know that you need to have a strong credit file. However beware that your probability of success when applying for a business loan when you are a small and medium sized business is highly correlated with both your personal and business credit histories.

3. Prepare your case, build a strong file

As a business owner, I am sure you are now aware that not only must you ensure your business runs smoothly but also that you can handle discussions and meetings with your banker or accountant when it comes to your business financing.

To do so skilfully and with confidence, first of all, you can answer if anyone asks you how do business loans work as when you are applying for a business loan, you no longer feel paralysed and hopeless. When your understanding of management accounts is under your belt, then you are ready to build a very strong and solid credit file. You now need to focus on assembling the important pieces to make you have everything you need to make it happen. Think of the lender as a customer to better understand what they're looking for. Then, develop a business proposal that addresses all their potential needs and concerns.

4. Sources of Finance For Small Business: do your research!

Beware when you are researching your sources of finance for small business. What lenders focus on is credit history and net worth. There are a wide variety of financing sources and you might want to take into account different criteria such things like industry, sector, and geography when looking for business financing sources.

5. Choose the Right Lender

The best formula to select the right lender for you when applying for a business loan before making any formal application is to ensure that it has the specific terms and conditions you are looking for in terms of length of the loan, fixed or flexible are and that this lender has a good lending track record.

6. Do NOT rush into the loan application

Like for any important and big decisions, applying for a business loan follows the same principle. DO NOT rush into it, in other words do not jump on the first offer. I understand you might be under incredible time and money pressure but DO take your time before you commit yourself. The time you invest in comparing the different options you have will ultimately save you considerable time and money in the long term and also avoid many headaches.

7. Do NOT Procastinate

Well, it is true that I just said not to rush when it comes to choose the right sources of finance for small business. However that did not mean not to do ANYTHING either. This is a huge difference to make. You want to get things done and even if you have to go through a painful process, this is a must do process to overcome so that you can get what you want: get finances for your business

8. GO FOR IT

No matter what your business financing needs are, do not wait. Start investing your time becoming a master at your business financials, develop your skills and knowledge with how to understand accounting so that you will know how do business loans work. You will therefore have the right tools in order to get the financing you need with certainty and a high success. Think how exciting and what a relief it will be the day the money will be wired into your account and you can take your business to the next level.

Top 7 Ways for Creating a Catchy Business Name

If you want to start a new business, you'd definitely want to create a business name that is not only catchy but is also unique from the competition. After all, coming up with a unique and catchy business name will help you outshine the others. Making your business easily memorable will also work wonders for you. Be creative and customers will more likely consider your business for getting the products or services they need. The following are some of the best ways to create a unique and catchy business name:

1. Useful Alliteration

It's a good idea to come up with an alliterative name. Companies make use of alliteration all the time to make sure that their catchy business name is a memorable one. Many reputable and popular companies and brands use alliteration in their names, including Bed Bath & Beyond, Dunkin' Donuts, PayPal, Best Buy, and Johnson & Johnson. This is not only useful for making your business name memorable, but also for making a good acronym that people will easily remember to relate to your business.

2. Prominent Acronyms

Creating an influential yet helpful acronym for your business name can give you an edge against the competition. Acronyms make up for a catchy business name that's easily remembered by consumers. But, if you're planning to use an acronym you should first ensure that it's memorable and unique. A good example of a catchy business name that uses an acronym is the golf store Power Athlete Retail. Its acronym, PAR, reads as the goal term "par" which every golfer wants to achieve.

3. Helpful Word Compounds

Word compounds are used to create an attractive and catchy business name that consumers can easily relate to. YouTube is a perfect example of this. The easy and familiar name instantly activates appropriate association in the mind that YouTube is a user-generated video sharing website. Another good example is combining the words Washington and Battery to come up with WaBatt, which easily suggests that your battery selling business is based in the state of Washington.

4. Smart and Deliberate Misspellings

Companies, advertisers, and shops deliberately misspell a word to come up with a catchy business name and make it stand out. This is a good way of giving a unique appeal to your business and perhaps one of the quickest and smartest techniques to create a catchy business name. One example of how this works is by naming your bookstore "Paperbax", which easily suggests that you're selling paperback books. Such small but strategic misspelling can tell people a lot about your business. Like in this case, where the name appeals to the younger audience and asserts the thought that Paperbax is not a regular bookstore that sell hardcover books alone.

5. Proper Crowdsourcing

Crowdsourcing is the effort to outsource tasks to a crowd through an open call. This means tapping into the collective intelligence of a large group of people for fulfilling a certain task. By doing so, productivity and creativity are increased while labor and operating costs are kept to a minimum. Naming Force is a good example of a web service that helps to create a catchy business name through the power of crowdsourcing. PickyDomains on the other hand, is a dedicated crowdsourcing service for online business owners who need help with naming their website.

6. Business Name Generator Applications

Business name generator applications also come handy in creating a catchy business name. These software mix and combine words or parts of words to generate a compound word. There are many professionals who make use of such tools to generate website, product, and brand names. One of the most popular business name generator software is Workmaker, which has a massive database containing not just English, but German, French, and several other languages as well. There are also free business name generators online which are widely used by small and large businesses to get a catchy business name. Some of the most notable business name generators for free are BizNameWiz, NetSubstance, and Online Generator.

7. Business Name Development Consultants

Running out of creative juices and still can't find a catchy business name? Then it's time to get some professional help. There are many professional consultants that offer their services to assist people in creating the right business name. Some of them combine audience impact and creativity to develop the perfect business or product name. One of these professional consultants is Fresh Bread Creative, which has developed over 5,000 logos and corporate identities.

Women in Business: Power UP Your Business - 10 Resolutions for the New Year

The New Year offers a clean slate and a time to reflect on the changes you want or need to enhance your business.Take some time to look at the successes and failures of your life over the past year. Have you considered what changes you want to implement for 2012? Here are 10 resolutions to Power UP your Business for the New Year!

Resolution 1: Get a Handle on your Taxes

With the New Year fast approaching, it is important to get a firm handle on your taxes. To claim certain tax benefits, you need to act no later than Dec. 31. According to the IRS, here are "Six Year-End Tips to Reduce 2011 Taxes:"

Install Energy-Efficient Home Improvements

Make Charitable Contributions

Consider a Portfolio Adjustment

Contribute the Maximum to Retirement Accounts

Make a Qualified Charitable Distribution

Don't Overlook the Small Business Health Care Tax Credit

Resolution 2: Understand your Finances

This is extremely important for the health of your business. As a new or growing business, you need to be diligent about your finances. The NUMBER ONE reason that businesses fail is due to lack of control over finances.

Some experts suggest reviewing your profit and loss statements, balance sheets and cash flow reports on a monthly basis. To manage this, there is accounting software such as QuickBooks specifically for small businesses. Also, hiring a CPA or bookkeeper can be a wise investment.

Resolution 3: Create a Monthly Budget

This is crucial to controlling your monthly expenses. By creating a budget, forces you to examine your income and expenditures to track how much money you make and spend. Of course your living expenses, i.e., mortgage, utilities, vehicles, insurance payments and food are a must, but additional payments should be allocated to pay off bad debt.

A few handy financial tools:

HomeBudget is an expense tracker designed to help you budget, track and control your monthly expenses at home.

Moneytrackin is a free online web application that allows you to track all your expenses and income easily and without effort, thus allowing you to have a clear view of your financial situation. It intends to be a simple yet powerful online budget management tool.

MySpendingPlan is an online tool that provides consumers with the latest tools to help them manage their personal finances track their budgets, save money and keep up on the latest information about managing money and leading a better financial life.

Resolution 4: Get Out of Debt

Easy to say, difficult to do! According to some experts, Americans charge over one trillion dollars per year using Visa, MasterCard, American Express and Discover. For many, money is a big source of stress; and it doesn't help that we've had to deal with economic issues over the past few years. This coming year, make it a priority to resolve your money woes.

Resolution 5: Set Specific Time Management Goals

Why do you want to set specific goals to manage your time effectively? Well, setting simple goals will force you to plan your time wisely, thus, allowing you to get a sense of achievement and reduce work and life stress. For example, if spending time with your family is important, try working fewer hours on Friday so that you can honor that goal.

By scheduling your time based on your goals, you can assess if your goals truly align with the core values, both professionally and personally. If you find that your goals are out of align, then you are able to identify key areas that need adjusting before they get out of control.

Resolution 6: Learn How to Delegate

As your business grows, so should your 'tight grip' on controlling every aspect of it. The worst thing that you can do is become a slave to your business. This attitude can cripple you! I know this first hand; as a former owner of a building maintenance company; I was president, HR generalist, payroll specialist, trainer, janitor, sales woman and more! It took me a while to realize that not only could I not effectively wear every hat, but in order to grow and regain my sanity, I had to trust others.

It is important that you delegate non-core business tasks to your staff or consider outsourcing. Play on the strengths of others. The lack of delegation will stifle your growth, or worse, cause you to run your business and yourself into a pit fall.

Resolution7: Prioritize your Day

It is essential that you start your day with a 'to do' list. It doesn't matter if your business is small or if you run a large corporation, having a daily plan will keep you on track in effectively running your business. Start your day by scheduling uninterrupted time to plan and create your list of tasks for that day, and rank your list in order of priority. For example, if you have 10 tasks on your list, of those, how many do you need to complete? Can you save the least important tasks for another time?

If you don't accomplish all the tasks from your 'to do' list, it doesn't mean you are having problems managing your time. It simply means that you only have limited time per day to get everything done and you may be trying to accomplish more tasks than you have time in the day.

To manage and prioritize my time, I rely on Microsoft Outlook's calendar and task manager to plan my personal and business schedule. I then sync Microsoft Outlook to my I Phone. This helps me to stay on task and set priorities for my daily activities. Find what works for you and make it a daily habit to have a productive and organized day!

Revolution 8: Network religiously

A successful way to promote your business is through networking. You are in business to grow, so make networking a key part of your marketing strategy so that you position yourself to connect with the right people.

Networking is a lifestyle in which you need to incorporate onto your "To Do" list. By networking, you are developing your social skills by engaging or interacting in an informal gathering to communicate with others for mutual assistance or support. By acquainting yourself with other business owners or executives, you are building meaningful relationships. There are many organizations that you can become involved in such as the Chamber of Commerce, Business Network International (BNI), online communities or a professional organization related to your industry.

Resolution 9: Know your Credit

Do you know how important it is to establish business credit profile? According to some industry experts, "fewer than 10 percent of all entrepreneurs know about or truly understand how business credit is established and tracked-and how it affects their lives and businesses."

Make sure you contact the major business credit bureaus that compile and provide copies of your credit reports. For a list of business credit reporting agencies, here's an informative article by Marco Carbajo, "Top 10 Business Credit Bureaus."

Resolution 10: Make More time with Family & Friends

An important reason we go into business is the idea of being flexible with our time. So, the idea of having time for family and friends seems like it should be a no-brainer, right? According to recent polls conducted by General Nutrition Centers, Quicken, and others shows that more than 50% of Americans vow to appreciate loved ones and spend more time with family and friends this year.

You have control over your time, so make sure that you balance work and life to be able to spend it with those that are important to you.

Why Even Small Businesses Should Have A Website

In this day and age, computer usage is increasing by leaps and bounds. Every business considers website design at some point or other, even small businesses.

When you consider the computer literacy level of the younger generation, the trend of the future becomes clear. We can imagine that as the future approaches, computers will become a much more dominant influence in all our lives, even more than it already is.

Face it, computers provide entertainment, information, and shopping fun! But you still ask yourself, do I really need a website? As a business, you have to realize that your competitors most likely do, or if they don't, they will! This means that they might have an edge over you right off the bat. (Of course, if their website is unattractive, full of grammatical errors, uninformative, etc., it will drive customers away.....but more on that later.)

Your competitors with a website have that additional exposure, credibility, and opportunity to have their potential clients get to know them and their products in order to lure them into their store before yours!

Being on the internet allows anyone with a computer, smartphone, iPad, or android, etc. to be able to look you up and read about your products or services. When you give out business cards, pass out flyers, or place advertisements with your website name on it, you have another way to put more information about yourself into your potential customer's thought process. Remember, the more they know about you and think about you, the better chances are that they will become your customer. And that's the goal of any business.

Now, a new technology is becoming more and more prevalent. It is called QR codes. In essence, it is a type of barcode that you can print onto your business cards, flyers, etc., that people can scan with their smartphones. When they scan these codes, the mobile page that the QR code is internally linked to pops up on their phone!! This is a great marketing tool that can be implement into your website design.

Not only is an attractive website appealing, but if done well, the proper website designer can help you create your special business identity. Your website can help you identify and focus your business persona that sets you apart from other businesses similar to yours.

There are many websites on the internet that do nothing but give a bad impression of the business or organization that it represents. Face it, people are influenced by attractiveness whether it's people, houses, clothes, or websites! Therefore, it's important that your website has a good look.

Beware web design companies that just throw up a website for you without the thought and creative marketing ideas that are required to develop a website design specifically tailored for you. Some web designers are designers strictly because they have the technical know-how. However, technical know-how does not translate into marketing savvy or creative ability. Be sure that your website looks professional and suited for your needs and type of business while still being attractive and pleasing to the eye.

After all, it's always better to be more attractive than unattractive! Of course, beauty is in the eye of the beholder, but in general, a thing of beauty usually appeals to the majority.

A professional, appealing website which provides pertinent and relevant information about its business contributes greatly in establishing credibility. People automatically tend to believe that the business is established and substantial. This website does not look like a do-it-yourself freebie job. It looks as if the business took time and resources to have a professional website created. It portrays the idea that this business is an established business that will stand behind its products and treat you like a valued customer!

In the same way that an attractive, professional website adds credibility and substance to your business, it adds prestige. For example, many people subconsciously feels that a business that has a very professional website is a better business than one that does not.

This is much like the idea that a doctor that has better bedside manner is a better doctor than one who does not. This may or may not be true, but that's what our hearts feel when we speak with the doctor with the great bedside manner. We feel and say to ourselves, This is a great doctor.

The same psychological pattern holds true for a business with a great website versus one that only has its name in the yellow pages directory. It's human nature. Your website design, image, and content play an important part in drawing clients and customers.

A well designed website can help identify and focus the image you want to have in your area of business.

Who are the target customers you are looking for? Are you the exclusive designer of the clothing industry, i.e., an exclusive boutique wanting wealthy patrons? Or are you the discount house wanting customers who wants to save a dollar by purchasing floor items?

Your website should make it easy for your target audience to identify you as a business they are interested in dealing with. It should improve your reputation and image in its respected area. It is an extension of you and your business. One of the most important website functions is to connect with the website visitor, provide the website visitor with the information they want to see and find interesting, and provide this information with a clear and easy navigation of the website. Your website may also be a vehicle to connect those interested in the subject matter of your business or organization as a group. Blogs and/or forums are great for allowing your group of visitors communicate with each other and you. Ultimately, communication with your website visitors will result in turning the visitors into customers. As trust is developed, and they get to know you and your business, they will be more willing to do business with you.

Many websites are used as a method to market products. The online shopper is a large pool of potential customers. A company website is often a primary tool used to sell products online to that large pool. They do so with the use of photos, descriptions, sale prices, and shopping carts. Again, a well designed website accomplishes these tasks. Clear navigation and ease of use are important in preventing customers from getting frustrated when they cannot complete a purchase due to confusion caused by your website. So be sure that your website is well designed!

Websites are also used to draw people into the store to see the product for themselves. Again, an attractive professional website accomplishes this task. Whether you decide to have a shopping cart on your website, or focus to draw the customers into your local store, a website helps to sell.

In conclusion, the reasons for having a well designed website developed for your business or organization are persuasive. Ultimately, it improves your business and your business image, spreads knowledge of your business, and increases the involvement of the public with your business with the bottom line being that your organization grows. And that is what we all want, isn't it?

Developing A Business Startup Success Strategies

It can be easy to lose sight of the very reasons why you wanted to open your business startup. You can get wrapped up in the day-to-day operations, leaving little time to focus on what makes your business startup standout in the market. Having a strategy in place that allows you to keep you motivated can ensure your business stays on a path of success.

Fall In Love With Your Business

Any business that you invest your heart in soul in should be the great love of your life. You need to nurture it and watch it grow. Having a real passion for what you are doing and the products and services you sell can make your business startup a real labor of love. You should have a real hunger that drives you to do well. Making your business startup idea one that you can stand behind and love to eternity is the first step in achieving success.

If it seems that you are losing that connection with your company and not really feeling the love, take a step back and allow yourself to remember how it all started. This can spark your emotions for your business and allow you to fall back in love with what you are doing. Your passion for your business is often times enough to get you through the challenging times.

Surround Yourself With Good People

From your employees to your professional network, the people that you surround yourself with can have a strong influence on your business startup. These very people can give you new ideas and help educate you on your business' operations.

Having positive people to lift you up can be a strong motivator and allow you to have someone to bounce thoughts off of when you feel uncertain about a decision. Use your network to gain valuable information and learn from your peers on what mistakes to avoid. They can prove to be a big part of helping you run your business and ensuring it is successful in its endeavors.

Don't forget your employees; they can be a big part of keeping your focused on your business startup on a daily basis. Good employees will drive your customer service and in turn your revenue. When your employees believe in your business and the vision you have set for it, it makes it that much more important that you deliver now and into the future.

Create A Marketing Strategy

Having a marketing strategy in place to promote your business is necessary to help achieve strong revenues. You should have prepped and planned a strategy that you want to adhere to market your business startup to your customers. It doesn't have to be a large portion of your budget, but it should include some effort on your part.

Think about where your customers go for their information. Be visible to them and make sure you use every opportunity that is available to you to market your business with both new and existing customers. Try social media, check into local advertising, hold and an event, and use what is available to you to reach your customers and introduce your business' products and services to the masses.

If you stay aggressive with your marketing plan, you are sure to garner the attention of your current customer base as well as a new group of potential clients. This can bring in more revenue and keep your business startup on a path of success.

Get To Know Your Customers

It is your responsibility as a business startup owner to know everything there is to know about your customers. You should have a strong idea of who they are, what their likes are, and where they are located. When you truly understand your customers, the more effectively you can serve them with your products and services.

While your attention may be turned toward gaining new customers, don't lose sight of your current clients. They are the bread and butter of your business, and you want to make sure you are not replacing existing customers with new customers at a losing pace. Show your loyal customers how much you appreciate their business. Without them, your business will only see marginal success, and you want to make sure to grow your business startup rather than be stagnate in its approach.

Take Time For You

It may be difficult to imagine, but you need time away from your business startup. You may think that you can't take time away or that your momentum will crumple without you, but taking a vacation every now and then is one of the best things you can do for your company. When you step away for a moment, you allow yourself the opportunity to recharge and refresh. You'll be able to see your business in a new light and be surging with motivation when you return.

You'll be surprised at how much a vacation from your business startup can do for you. You'll be filled with new ideas and solutions to problems that you previously thought unsolvable. Being able to see your business from a new angle can be just what you need to take it in a new direction, move it forward, or reach to new heights. Your business startup will appreciate the time you took, and you will be ready to take on new challenges with a fury as your drive will be restored and you will feel anew.

Plus, you have good people surrounding you that you can trust to steer the ship when you are away. Rely on your employees and allow them to do what you hired them to do. You'll be pleasantly pleased with how quick they are to pick up the slack when you are away and the positive results you'll see upon your return.

Ideas and Scrapbooks Make for a Great Home Business

Scrapbooking is one of the most popular crafts out there today, and there are more and more people starting to scrapbook every year. If you love to scrapbook, home based business might not be the first thing that springs to mind, but it is entirely possible to turn your love of scrapping into a profitable home business. In fact, there are several ways you could go about it.

Scrapbook, Home Based Business Idea 1: Teaching Scrapbooking

If you're already adept at scrapping, and you've been creating beautiful mementos for a while, you might be able to make money teaching new scrappers how to create their own albums or pages. Consider advertising in your community, include the cost of a set of basic materials in the cost of training, and teach people how to get started.

An alternative would be to create a series of training videos, have them put onto DVD's (or sell them as a downloadable product) and sell them through mail order or on a website.

Scrapbook, Home Based Business Idea 2: Your Own Online Store

Another great idea that can help you to turn your love of scrapbooking into a money spinner is to start an online scrapbook materials store. Look for websites that offer wholesale or dropshipped scrapping materials and tools, and create a site where you sell them to other scrappers online. You don't have to have an expensive retail store, you can sell globally, and thanks to super easy to use site builders, anyone can create a professional looking online store these days!

Scrapbook, Home Based Business Idea 3: Scrap for Profit

If you love creating beautiful, creative memories by scrapping, then you might just be able to create custom commissions for clients. Advertise in your local newspaper, online or anywhere else where people might be looking for this type of service. You can specialize in one type of scrapping (weddings, christenings and other special occasions for instance) or you can offer a general 'scrap to order' service.

Scrapbook, Home Based Business Idea 4: Write a Book!

These days, it's easier than ever to create an e-book, or even a book that you publish on demand. You can sell your book through online stores like Amazon and Barnes and Noble, and if you can't write very well, then there are plenty of freelancers out there who will take your ideas and put them in words. Self publishing costs very little to set up, and there are people who make a good living off of their self published books.

Whether you choose to start one of these types of scrapping businesses, or whether you have another idea up your sleeve, there are a few things you should do before you leap right in.

Scrapbook, Home Based Business Idea 5: Scrapping Kits

Another great idea is to make up scrapping kits for a variety of occasions, and for different skill levels. Sell them in your community, or by mail order. Include a variety of different scrapping safe papers, embellishments and other items, and include basic instructions for designing and making your own scrapping pages or albums.

Create a Business Plan

The first step in creating any business, including a home based scrapbooking business, such as the ones we've mentioned above, is to create a business plan. If you're not applying for financing, it doesn't have to be complicated. Just write down what you plan to do, and how you plan to do it. Work out how much you need to make to make your business idea worthwhile, and then work out how you plan to make that. Keep referring to and updating your business plan as you go along too.

Find Suppliers

Whether you're offering scrap book training or selling products, you're going to need suppliers for the materials required. The internet is full of sites for companies and wholesalers who offer a wide variety of scrapbooking products. Spend some time finding the best quality, best value products out there, so that you can maximise your profit.

Market Your Products or Services

Scrapbooking businesses are just like any other business, and you need to market them if you want them to work. Think about places that you can advertise your services. Community notice boards, local newspapers and public libraries are good for offline, local businesses. Social networks are good for any type of business, and free online classified sites also work well for all kinds of scrapbooking businesses. Look for cost effective marketing ideas for your home scrapbooking business, especially while you're getting started!

Partner With Related Businesses

Another good idea, when launching a home based scrapbooking business is to partner up with businesses in your area that offer related products and services.

For instance, if you are going to be offering commissioned scrap book services for special occasions, talk to local photographers about referrals from their clients, and offer them a commission in return. If you plan to offer scrapping lessons, find out if their are any other local craft trainers who would consider a reciprocal marketing service, where you each market each other's programs.

Slow and Steady Wins the Race

When it comes to building a successful home business, including a scrapbook business, you want to make sure that you start small, and grow at a pace you can handle. Work out what you capacity is to begin with (how many people you can teach at once, for instance) and base your planning on that. You can always expand later on, but if you try to start too big, too soon, you run the risk of burning out. Home based businesses are supposed to be profitable AND fun after all, so you don't want to stress yourself out before you've even started!

Perks on Buying a Business Instead of Creating One

Many people love the idea of being a business owner, but think that the only way to own a business is to start one on their own. But this is not the case. If you want to buy a business, you will experience all the perks on buying a business as well as those of being a business owner in general.

The idea of having a career as a business owner is something that many people really like. That is because of all of the advantages of owning your own business, especially if it is a very successful one. The most obvious of these advantages is the money that you will make from a successful business - even a small one. Your standard of living will increase when you own your own business.

And you will never have to work for someone else either, which is another thing that people really like. You will get the freedom of making your own decisions about your job and won't have to answer to anyone else for them. That is a freedom that many people love.

There is a way to make being a business owner even better, though. Instead of going through the initial startup process of building a business it is possible to be a business owner by purchasing a business that is already established. You can buy instead of create and experience all of the perks of buying a business in addition to those of being a business owner, as were discussed.

There are many perks on buying a business instead of creating one. The biggest one is that you will miss the stressful time of a business when it starts to grow. You won't have to go through any of this. Instead, you will jump in when the business is at the stage where it is running smoothly and just have to take on the role without nearly as much stress as you would experience if you were the one that had to build the business yourself.

Often, when you buy the right business, you will never even have to work that hard. Some businesses have hit a point where they are successful enough that the day to day things are run on their own by management and the owner rarely has to make any critical decisions. If you are lucky enough to find one of these companies to buy, then you will experience the perks of being a business owner without having to do much at all. You just get to enjoy being a business owner.

If you want to experience the advantages of being a business owner, you don't have to create the business on your own. You can buy a business that is already established and experience the perks on buying a business instead of creating one. You will never have the stress, but you will get to enjoy being a business owner, just like you want. This is a win-win situation for most people interested in owning a business.

10 Useful Books for Small Business Owners

Reading good management books enables small business owners think and act wisely. It helps them improve their ability to carry out business in the right way, by successfully resolving issues that a business is likely to face.

There are thousands of books available in the market. It can be very confusing for a small business owner on what to pick and read. We have listed 10 books that every small business owner should read to succeed in business.

1. The Seven Habits of Highly Effective People by Stephen R. Covey:

This is a book useful to everyone in general and small business owners in particular. It explains seven habits that are essential to be able to influence others. The seven habits discussed in this book are 'be proactive', 'begin with the end in mind', 'put first things first', 'think win-win', 'seek first to understand, then to be understood', 'synergize' and 'sharpen the saw'.

These principles will help you in shaping and strengthening your personality to tackle the issues at stake. They would help you develop a positive and pragmatic attitude without making you go over board under a given situation.

2. Made to Stick by Chip and Dan Heath:

Using case studies, the authors claim that for any business, certain ideas are universal. The ideas may look simple, but are critical to make your business survive in the face of distress to business.

3. How to Win Friends and Influence People by Dale Carnegie:

No business can run without the cooperation of customers. To survive competition, you have to win people. For this, you should have the skills to influence people. These people can be your customers, clientele, vendors, retailers or creditors.

You can nurture skills to influence them all by reading this book, How to Win Friends and Influence People. Lucid, and self explanatory, the book expounds the points with empirical examples and sound practical common sense.

4. Think and Grow Rich by Napoleon Hill:

This book is an inspiration and is the result of more than two decades of research by the author Napoleon Hill. Hill gives thirteen principles, which can help you to reach your goal. This book is an excellent source of information for beginners.

5. Getting Things Done by David Alien:

This book helps you to improve the productivity of your business. It points to various hindrances and dangers to your business. Further, it enables you to delegate responsibilities efficiently.

6. Good to Great by Jim Collins:

Jim Collins and team have examined the proposition whether a good company can become great. Collins says that the transition is possible if certain conditions are fulfilled, for instance, by removing redundant labor and fostering an ideal corporate culture. He also says that the personnel at the top management should be honest.

The book would help you to realize and discover new knowledge, techniques of managing people and business, dealing with different groups such as clientele, vendors and the like.

7. The E-Myth Revisited by Micheal Gerber:

This book explains reasons for failure of a business within a few years of inception. The author provides supportive examples with empirical data. He finds that most small businesses become defunct because of lack of certain attributes on part of the owners. He says the business owner needs to be a technician, a manager as well as an entrepreneur; only then the business will survive.

8. The $100 Startup by Chris Guillebeau:

Chris Guillebeau focuses on the affairs of a tiny enterprise with one, two persons in the operation. Beginners and those who are planning a new start-up should read this book.

9. Rework by Jason Fried:

This book contains common sense ideas. If applied practically, they help you build qualities that are indispensable for a business owner.

10. Built to Sell by John Warrillow and Bo Burlingham:

This book will help those who want to sell their business. Others will also, find it useful. The authors have explained in detail the points to observe initially, and how to get profits from the business, sustain growth momentum of the business and finally sell the business.