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Improv Your Business | 1 Improv Your Business: Part II How to Build a Profitable Business with Less than $17 Copyright 2015 © Tiffany Maya ᵀᴹ

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Page 1: Improv Your Business:  Part II

I m p r o v Y o u r B u s i n e s s | 1

Improv Your Business: Part IIHow to Build a Profitable Business with Less than $17

Written By Tiffany Maya

Copyright 2015© Tiffany Maya ᵀᴹ

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I m p r o v Y o u r B u s i n e s s | 2

INTRODUCTIONCopyright 2015© Tiffany Maya ᵀᴹ

I decided to write Part 2 to How to Build a Profitable Business with $17 or

Less, because I realized that the needs of every industry needed to be

addressed. Beginning any company or organization is risky; however, there is

a solution to every issue, setback, or just room for improvement. This book

will focus on ten industries, and sectors within those industries. As well as

what I project for the both the least and most profitable industries.

ISBN-13: 978-1515321095  ISBN-10: 1515321096

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I m p r o v Y o u r B u s i n e s s | 3

Outside my window, you can find every distraction you can imagine. There are

cicadas, airplanes, trains, ships, birds in the morning, people all day, and bells at 9 from

at the local University. If you live in the city, it can be the most blissful sound you ever

hear. There’s a huge tree outside my window, and morning breeze just whispers

throughout my house. The morning sun taps every leaf, branch, and blade of grass just

right. I take my dog Miles to the park only blocks away. There I meditate, brainstorm,

breathe in, breathe out. Say these words with me three times, I am a winner, I believe in

me, I can be anything I want to be. Many of history’s most successful thought leaders,

first healed themselves spiritually, cleared their minds of distractions. If you have a go

to place in your mind, you can complete any task. For me, my go to place, is a field of

beautiful wild flowers, and there is one single, solitary tree in the distance where I can

rest if needed. Can you imagine being born and raised in the city with all of the above

distractions? If you have a “go to” place, you can achieve anything. Visualize your place

of business with all of the above distractions. It’s hard to concentrate, huh? Use your

“go to” place in your place of business. Better yet, please allow us to be your “outlet” so

to speak. Breathe in, breathe out . . .

Imagine your business with all of those distractions, some are good, and well,

some are, not so good. Let’s focus on the distractions in every industry that could be

causing your corporation to lose business, revenue, or worse, end operations. When

there’s constant internal and external interference, we’ll teach you how to implement

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I m p r o v Y o u r B u s i n e s s | 4and execute strategies to identify, prevent, troubleshoot and resolve any difficulty that

may arise.

As outlined by the Bureau of Labor Statistics, we will touch base on restructuring

the following industries:

Construction

Education and Health Services

Financial Sector

Leisure and Hospitality

Manufacturing

Natural Resources and Mining

Other Services, Excluding Public Administration

Professional and Business Services

Trade, Transportation, and Utilities

Building a Profitable Business with Less Than

$17

Outside my window, you can find every distraction you can imagine. There are

cicadas, airplanes, trains, ships, birds in the morning, people all day, and bells at 9 from

at the local University. If you live in the city, it can be the most blissful sound you ever

Copyright 2015© Tiffany Maya ᵀᴹ

Page 5: Improv Your Business:  Part II

I m p r o v Y o u r B u s i n e s s | 5hear. There’s a huge tree outside my window, and morning breeze just whispers

throughout my house. The morning sun taps every leaf, branch, and blade of grass just

right. Imagine your business with those distractions, some are good, and well, some are,

not so good. Let’s focus on the distractions in every industry that could be causing your

corporation to lose business, revenue, or worse, end operations. When there’s constant

internal and external interference, we’ll teach you how to implement and execute

strategies to identify, prevent, troubleshoot and resolve any difficulty that may arise. As

outlined by the Bureau of Labor Statistics, we will touch base on restructuring the

following industries, with the most common issues including finances, operations,

innovation and creativity, and efficiency.

Part I of this two Part Series, How to Build a Profitable Business with Less than $17,

I had an amazing journey. I wanted to Test My Hypothesis, so to speak, so I tried it

myself. I began with a simple website that included a Domain Name, Website Builder,

Email, and other productivity features. The cost was $13.45, there was only one

problem, I hadn’t had to use HTML since 2002 and boy, and well, things have changed. I

decided to convert the entire site to another platform that had both an HTML Feature

and the option to use a visual element. I began by blogging, and so far I’ve saved more

money than I initially began. Now, as opposed to $13.45, I’ve now had a website up and

running with those features and more, for free for 45 days! Also included with my new

website, https://www.mayatiffany.com, is SSL a security feature most customers look for

and trust.

Copyright 2015© Tiffany Maya ᵀᴹ

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I m p r o v Y o u r B u s i n e s s | 6

Futurists: Who are they and What Do They

Do?

A futurist is someone who projects what will happen in an industry, corporation, or

organization. Much like the foreseeable weather forecast is predicted on the local news

station. There are also projectionists that most corporations hire to figure out future

revenue, industry trends, trends in competition, and the probability of going under. A

futurist is very important to have, so you can be your own futurist. Ensure that you

analyze the demographics of your target audience, the most cost effective and revenue

generating marketing techniques, and how to allocate revenue in house for

sustainability.

How Can I Begin My Own Home-Based

Business?

There are several ways to begin your own home-based business. In many

situations, there are obstacles that come to mind, we defeat our vision, before we take

steps to make it come into fruition. “I’m not smart enough”, “I don’t have enough

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I m p r o v Y o u r B u s i n e s s | 7money”, “I’m educated, but I have a bad name, my last place of employment fired me”,

“I have a criminal record, and no one wants to hire a criminal”; and the list goes on and

on. Now, breathe, come to the realization, that it’s the world and those ideologies, or

you. Go to your place in your mind that you find most relaxing. There’s a video, called

the Power of Positive Thinking, by as a teenager, I would often feel defeated

even before I tried. I was an above average student, however, we moved to a new

neighborhood, and I was adjusting to a totally different environment. I felt peer pressure

like any other student, however, I was determined that I would study hard, and make my

family proud of me. The first two semesters I made honor roll, and became a part of the

honor society in high school.

My Mom noticed after about four months, something was wrong, I was beginning

to change. I became depressed, so she bought a video called, “The Power of Positive

Thinking”. If you’ve ever read “The Secret”, its doctrines are much like that book.

Distinct and precise in both convictions, the author stressed the use of thinking positive

about oneself and every aspect of life. Always viewing the cup “half full”, viewing

yourself as a winner, even when you’ve lost, and “looking on the brighter side of things”.

Beginning your home-based business with this ideology is the only way it will work.

Never take no for an answer. Throughout my work experience, educational background,

and my own personal experience, this has always been some of your most successful

people’s secret to success. If they can convince you that your business idea isn’t good

enough, you’re not smart enough, financially, this idea just won’t work, and then they’ve

made the first step to knocking out the competition. This is one of my most coveted

secrets to success. Never, ever, take no for an answer. If that industry can actually

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I m p r o v Y o u r B u s i n e s s | 8convince you your project would never generate revenue, or just is not feasible, you are

one less competitive mind in that sector or industry.

I Can’t Find Work Because

In the past I’ve been laid off twice, I wanted to figure out why I was laid off and

how can I help those that may be having those same issues. At one place of

employment, I was, “pushed out”. When you are pushed out, there is not enough

revenue at the company for you to continue to be employed. Essentially, those with the

most seniority, those that generate the most revenue, and those viewed as

“problematic” are the first to be “pushed out of employment”. The company will site

those issues, as reasoning, when actually; the

organization could not afford to pay your salary. Don’t get discouraged, don’t get

defeated, don’t give up, it wasn’t your fault.

There are generally five causes of unemployment. Demand Deficiency, in other

words, when the economy is down, there are a great amount of lay-offs, terminations,

and demotions to accommodate a decrease in revenue at your organization. Simple

economics, supply – demand = unemployment, revenue – demand = unemployment.

Another cause of unemployment is Structural Issues, there are educational or

technological changes in the workplace, that made it difficult for the employee to sustain

his or her position within the company. For example, your corporation has integrated a

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I m p r o v Y o u r B u s i n e s s | 9new program and the entire staff’s educational background sites knowledge of the new

software. You, on the other hand have only work experience. This is a common issue,

it’s no big deal, it happens to so many employees. In Part I, we discussed “Making

Yourself More Marketable”. Although you may be just as intelligent as your colleagues,

have more seniority, or work experience; in this day and age, anyone can be terminated

because he or she does not have a college degree or is knowledgeable in the area

required by his or her employer. Don’t give up! While you’re collecting unemployment,

earn college credits toward a degree. Most employers offer on-the-job training or

outsource a service for training, however, when they already have someone who

qualifies, they save money hiring in-house. Another aspect of Structural Issues, is that

your qualified, however, what your qualified to do requires you to travel far to your place

of employment.

Frictional Issues in unemployment is simply moving from one job to another. New

graduates, recently resigned, termination or laid off employees fall into this category.

Disequilibrium Employment or, Real Wage Employment, no not that place in your inner

ear that helps you keep your balance, you don’t have vertigo. Simply put, the supply of

labor is greater than the demand of labor. Last but not least there’s always, voluntary

unemployment, simply resigning.

Small Business Ideas

Beginning your own business would be great! You’re in a position now, and the

right mindset to begin what could be a Family Business, Corporation, or Non-Profit

Organization. Any ideas, please allow Expert Advice with Maya Tiffany to give you a few

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I m p r o v Y o u r B u s i n e s s | 10pointers! I initially began with only $13.45, and in a matter of only 45 days, I’ve

managed to hire 6 employees, earning $3,000, in addition to their clientele, as my new

customers. What an awesome feeling, beginning as a housewife, becoming a student,

and finally the Chief Executive Officer of my own corporation. Come on, you can do it; I’ll

give you a few ideas!

You have work experience, but you don’t feel secure in your position. For

example, you work in the field of psychology. As a secretary, you are efficient in ICD-9

Coding, you’ve touched base on accounting, scheduling, and providing information. This

position can be overwhelming, with accounting experience myself, this can be a stressful

position. However, you can’t afford to leave your position. Why not outsource this

service at your own convenience. If you’re not satisfied with the results, you can cancel

at any time, and you do not risk losing your current job. Expert Advice with Maya Tiffany

offers this service as well. You’ll find that many employers hire Temporary Employees to

cover their staff’s vacation, sick and maternity leave. They would love to send you their

work, as opposed to hiring a Temporary Agency. Everything’s done for them, screening,

criminal background checks, previous employment, etc., they would just pay you, the

ICD-9 Coder, per diem to complete the task. Best of all, you set your own rates

according to Salary.com, but remember to remain competitive, and ensure that your

work is accurate and returned at the time allotted by the employer.

Here’s another scenario, you’re a single father, with 4 children to care for ages 1 to

20. Getting a job right now isn’t feasible, your youngest child is 4 years old, and it’s just

better if you can stay home until he or she is old enough for Preschool or Kindergarten.

After graduating college, unfortunately, you were left to raise your 4 children alone.

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I m p r o v Y o u r B u s i n e s s | 11Your wife passed away from a debilitating disease. Becoming a Private Expert Advisor

(PEA) is the perfect opportunity to begin your own business, and you only pay to become

a PEA for 1 year under contract. It’s convenient, your schedule’s flexible, and most of all

you set your own competitive rates. Also, you’ll colleagues will be the only best of the

best

You have a criminal record; this is a common an ongoing issue in unemployment.

You’ve been rejected so many times for employment your about to give up. The

unemployment office has reviewed your extensive record and decided that you need

training. The criminal record that’s been looming over your head has a laundry list of

assault charges. Why not take Boxing Lessons, or open your own Boxing Facility offering

Lessons. Try

gathering a few friends that may be having the same issue. Open a Private Security

Firm; you could make thousands of dollars as your own boss, offering as a service what

you saw as problematic.

Projections for 2020: What Countries

Generate the Most Revenue?

Business can only succeed with a great leader. Throughout generations there

have been great leaders, and they have been those that have failed, and those that have

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I m p r o v Y o u r B u s i n e s s | 12been overthrown. We hear it every day, there was my Generation, Generation X. This

generation transformed society into an integrated society, especially in America, that

would be free of War, Discrimination, and most of all hatred. This generation has

received a lot of criticism; however, the generations that criticize Generation X have had

2 World Wars, and many in between. In my generation, fortunately, there have only

been two, none of which included every continent in the entire world. This same

doctrine that Generation X has implemented could apply to projections in business

practices in every industry. This Generation of Peacemakers, Innovators, Movers and

Shakers, will lead us into the year 2020 and beyond in business.

The Top 10 richest countries in the world saw an increase of $81,668.26 GDP per

capita generated for the each country collectively over the period of 5 year collectively.

In other words an 11.43% increase in 5 years. With those projections, the Top 10

countries will accrue an increase of $163,336.52 GDP per capita collectively by the year

2020. What is their most profitable product or resource? Should we invest in their

products or resources? Let’s take a look:

Qatar’s most lucrative resource is oil and gas which account for 28% of its GDP.

Seventy-three percent is export earnings, and 53 % of government’s revenue in 2009.

Although, Qatar scored relatively high for performance for an enabling environment, but

there were extremely low scores in other areas. On a scale of 1 to 100, Qatar scored

extremely low in Institutional and Legal Settings at 15; Reporting Practices at 14;

Safeguards and Quality at 20; and 66 with the RGI Data Toll siting an Enabling

Environment. Simply put, although Qatar’s top earnings are reported from more than

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I m p r o v Y o u r B u s i n e s s | 13half the governments resources, accountability for its other income is significantly low at

47% (National Resources Governance Institute, 2015).

I wanted to use the Top 2 Wealthiest countries in the world to compare to the to

the United States as a guide for future investments and independence from natural

resources. As well as, were the United States is projected to be in the year 2020.

Although the US Economists project that our nation may significantly decrease

Unemployment Rates, and boost our own economy; the question is: Will we move up or

down on the scale of the World’s Top 30 Wealthy countries?

The Niche: Cross Analyzation

Our global competitor at #2 Luxembourg, which borders France, Belgium, and

Germany, in Europe has an economy that flows like no other. There is a ratio of more

men than women, with almost the entire country employed. In addition, the entire

population is highly skilled, with free enterprise and private industry. This country is

significantly smaller than both Qatar and the United States with a population of only

457,000 in 2005 (United Nations, 2005).

However, they still remain at #2, Qatar #1, and the United States, also with a

significantly higher population at #7 of the Wealthiest Countries in the World. So how

did they accomplish the number 2 position in the world, without being as heavily

populated as Qatar and the United States? Read on . . .

The keystone of the economic system is free enterprise, and government has

attempted to promote the well-being of private industry by every means short of

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I m p r o v Y o u r B u s i n e s s | 14direct interference . . . Not only is the population economically active, it is also

high skilled, a fact not overlooked by foreign companies seeking to invest . . .

Banking has become an important sector of the economy, compensating for a

decline in the steel industry . . . Today, Luxembourg is one of the most

developed countries in the world . . . Its investment fund sector is second only to

the one in Paris, and in 2004 it managed assets of over $1.027 trillion (Worldmark

Encyclopedia of Nations, 2015).

Although the United States has found it is niche. When cross analyzed with the

wealthiest countries products, services, and resources, will this decrease our Nation’s

Deficit, move us up or down on the List of Top 10 Wealthier Countries in the World?

Luxembourg boasts a highly skilled labor force, an exemplary tax system, the cost of

business is very low, and is a hot spot for investors looking for a revenue generating

industry. To secure its position in the world or move forward beyond #7, it would be in

the best interest to invest in Renewable Energy, as well as investing in the Luxembourg’s

banking industry.

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I m p r o v Y o u r B u s i n e s s | 15

The Wealthiest Countries in the World

1 The 23 Richest Countries in the World (Tasch, 2015).

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30 Businesses That Will Boom in 2020

The world’s top economists predict that the following industries will be very

prosperous and gain popularity 5 years. I liked the idea of only using projections that

would reflect progress in the year 2020. I was born in the late 70s and my earliest years

of learning were spent throughout the 80s and 90s. We had a number of innovations in

technology. There was the first computer, computer language, the Beta VCR, the Video

Camera was improved, there was satellite imagery, and Ultra Sound and Sonic Waves

had improved tremendously. I’m not bragging, but Generation X had arrived. Children

were created that were stronger, faster, taller, and most of all more intelligent. If you

saw the projections above, this generation is our “mainstream” workforce. Generation X

includes ages born between the years 1966 – 1976. I won’t tell my exact age, but by

12th grade I was about to graduate at the age of 16. Although I was younger by two

years, I identified most with Generation X and was raised with them. I was able to begin

Kindergarten earlier, because I had passed the required testing, and was 2 years

younger than my peer group. By high school, I was graduating from what was voted the

Best High School in my state that year.

Throughout my educational career, we were taught something about everything.

Every industry you could imagine, there was funding, and those programs were afforded

to the entire student body. We were taught in every subject that could apply to every

industry, because I believe that, projectionists, parents, faculty members, and each

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I m p r o v Y o u r B u s i n e s s | 17subsequent US Governmental Administration had developed a curriculum of leaders that

would care for them in the future.

This brings us to what will be the #1 industry in the year 2020. Personal Care

Aides are projected to be the fastest growing employer with an increase of 70.5 percent

by the year 2020. In 2010, there was an estimated 860,000 Personal Care Aides, which

means that, by the year 2020, 6,063,000. Mental Note: Think about investing in a

Senior Living Community or Facility. Anyway, this means that there will be advances in

technology that will sustain our loved ones longer, it is projected that there will be a

need for Home Health Aides for those with Debilitating Diseases, and Senior Citizens. In

addition, the education requirement is less expensive, and completed at facilities that

offer Certificate Programs and Associate Degrees.

Don’t get discouraged! Don’t give up! By the year 2020, the Bureau of Labor

Statistics’ Occupational Outlook Handbook and Career Guide to Industries reports an

estimated 20.5 million new jobs added in the United States! This is an increase 14.3 %

from the previous decade. The industry that is viewed to add the least amount of new

jobs is Veterinary Medicine. Although this industry will only increase 35.9% in 5 years, a

Veterinarian’s Salary is now $82,040. This figure will most likely increase, and the

process to become a Vet is much more expensive, and requires a lot more education. In

addition, “advances in the field are also allowing veterinarians to offer procedures

common for humans, including hip replacement”. This versatility, will allow the Vet to

earn money both as a Veterinarian or a Surgeon in any hospital. Mental Note: My eldest

daughter’s choosing the right profession, however, she’s loves art. Maybe I should

purchase office space so that she can create animations and anime of live animals and

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I m p r o v Y o u r B u s i n e s s | 18people? Yes! That’s it, my eldest daughter, a cartoonist! My two sons can create the

toys that resemble each character, and my youngest daughter can create the music for

the cartoons.

Revenue Building Strategies

1st Three Steps

There are 3 very important steps you can take to build revenue for your company,

data analyzation, psychological assessment, and innovations in science. By analyzing

customer demographics, your management team can pinpoint to whom you should

market your product or service. According to the type of industry you represent, you

need to know your target market’s age, median income, geographical area, which

product or service those groups buy the most and the least, etc. Improvements should

be made on products and services that are purchased the least, and marketed according

to increase sales.

There is an ongoing recognition of mental health in the workplace. A psychological

assessment, talent evaluation, and an assessment that analyzes the interaction of each

employee is a step that most successful corporations have taken, and flourished. Each

evaluation has increased efficiency and productivity, thus increasing revenue. You can

find all of these assessments online for free, as well as creating questioning that will best

suit the needs of the organization.

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I m p r o v Y o u r B u s i n e s s | 19Innovations in science have produced many advances in technology and

manufacturing. Those experienced in those areas are now sought after during talent

recruitment and acquisition quests. Especially, from Colleges and Universities that have

produced the world’s most renowned Chief Executive Officers globally. Computer

engineers have stepped up to the plate to not only afford us the capabilities of

enhancing those talents, but increasing production and efficiency as well.

More Profits, More Growth

Cost reduction in the workplace may seem a little redundant, but it’s a must do on

your checklist of profits and growth within the company. If you follow the first three

steps above you’ve already reached the pinnacle of incurring more revenue. You’ve

allocated each employee to his or her proper position, hierarchy, customer

demographics, and improved your products or services, you are ready to make more

money!

Try this:

I. Staff Requirements

A. Participate in Cost Reduction Exercises

1. only ordering office supplies as needed

2. cutting petty cash in half

3. reducing bonuses, rewards and other incentives

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I m p r o v Y o u r B u s i n e s s | 20B. Customer Service Agents

1. keep an account of unmet customer needs

2. make improvements on that product or service

C. Log Timing for Everything

1. Employee hours

2. Tasks

3. Goods and services

4. Patterns in hours, goods, and services

5. Address these issues at each meeting

D. Logistics

1. On time delivery of goods and services

2. Ensure optimal customer satisfaction

3. Avoid lack of availability of goods and services

II. Set Goals

A. To Increase Demand for Goods and Services

B. Enter New Markets

C. Remain Competitive

III. Be Frugal

A. Separates leaders, from Organizations Destined to Fail

1. budget

IV. Avoid Defeating Phrases and Conversations

A. Don’t Make Excuses

1. “The economy is down”

2. “This product just won’t sell, no one’s buying it, there’s no demand”

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I m p r o v Y o u r B u s i n e s s | 21B. Replace with

1. “We will accommodate our client base by making drastic changes in

pricing and more innovations in our goods and services”

2. ensure your staff is action-oriented

V. Marketing

A. Focus on Competitive Pricing

B. Use Traditional Avenues that Work

1. news publications

2. radio ads

3. television commercials

4. Social media

5. online publications

6. many of the above you can find for free, or using the “Barter System” as

described in Part I

VI. Back to Part I – “Think Outside the Box”

A. Effective Cross-Selling

1. find products and services closely related to your industry

VII. Networking

A. Formal Meetings

1. industries top leaders

2. seminars with clientele

B. Formal Discussions

1. in person

2. Social networking

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I m p r o v Y o u r B u s i n e s s | 223. teleconferencing

4. email

C. Meetings Should Focus on Growth, Profits and Innovation

VIII. Convert Ideas to Revenue

A. Prototypes

B. Free Services

1. give prototypes and free services to target market and top leaders

Working Capital:

Federal Grants, Small Business Loans,

Corporate Sponsorship and Philanthropy

U.S. Federal Grants

The United States Federal Government provides us with funding for, Individuals,

Education, Small Businesses, and Non Profit Organizations. Every dollar in Tax Revenue

is eventually allocated to a specific service in each state. It just so happens that those

taxes are allocated to services that will eventually generate more Revenue for the

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I m p r o v Y o u r B u s i n e s s | 23Federal Government; including but not limited to, Education, Small Businesses, and Non

Profit Organizations. Just as your submitting your resume, there are key words the

Federal Government looks for when you submit your application for a Federal Grant.

Most employers, especially those that have to review a large amount of resumes, scan

your resume for keywords. This is one of the services offered by Expert Advice with

Maya Tiffany, http://www.mayatiffay.com. We will not only help you write your grant

proposal, we can assist you with the right words and phrases for approval, and what not

to say.

U.S. Federal Loans

Applying for a Federal Loan can be a tedious process in itself. You have to have

exemplary credit. A pristine criminal background, and let’s face, be as close to perfect

as possible. Here’s the checklist listed on the U.S. Federal Loan website:

Personal Background: Either as part of the loan application or as a separate

document, you will probably be asked to provide some personal background

information, including previous addresses, names used, criminal record,

educational background, etc.

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I m p r o v Y o u r B u s i n e s s | 24 Resumes: Some lenders require evidence of management or business

experience, particularly for loans that are intended to be used to start a new

business.

Business Plan: All loan programs require a sound business plan to be

submitted with the loan application. The business plan should include a

complete set of projected financial statements, including profit and loss, cash

flow and a balance sheet.

Personal Credit Report: Your lender will obtain your personal credit report as

part of the application process. However, you should obtain a credit report from

all three major consumer credit rating agencies before submitting a loan

application to the lender. Inaccuracies and blemishes on your credit report can

hurt your chances of getting a loan approved. It’s critical you try to clear these

up before beginning the application process.

Business Credit Report: If you are already in business, you should be

prepared to submit a credit report for your business. As with the personal credit

report, it is important to review your business’ credit report before beginning

the application process.

Income Tax Returns: Most loan programs require applicants to submit

personal and business income tax returns for the previous 3 years.

Financial Statements: Many loan programs require owners with more than a

20 percent stake in your business to submit signed personal financial

statements. You may also be required to provide projected financial statements

either as part of, or separate from, your business plan. It is a good idea to have

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I m p r o v Y o u r B u s i n e s s | 25these prepared and ready in case a program for which you are applying

requires these documents to be submitted individually.

Bank Statements: Many loan programs require one year of personal and

business bank statements to be submitted as part of a loan package.

Collateral: Collateral requirements vary greatly. Some loan programs do not

require collateral. Loans involving higher risk factors for default require

substantial collateral. Strong business plans and financial statements can help

you avoid putting up collateral. In any case, it is a good idea to prepare a

collateral document that describes cost/value of personal or business property

that will be used to secure a loan.

Legal Documents: Depending on a loan’s specific requirements, your lender

may require you to submit one or more legal documents. Make sure you have

the following items in order, if applicable:

Business licenses and registrations required for you to conduct business

Articles of Incorporation

Copies of contracts you have with any third parties

Franchise agreements

Commercial leases

If you cannot meet the requirements above, we recommend applying for a Federal

Grant, or better yet, Corporate Sponsorship.

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I m p r o v Y o u r B u s i n e s s | 26

Corporate Sponsorship and Philanthropy

Well, do you remember the protestors, who picketed on Wall Street, and some U.S.

citizen’s blatant cry for help in effigy of corporations? This protest and attitude is totally

wrong! Many of our top Corporations, Celebrities, and Multi-Billionaire and Millionaire

Moguls are taxed, taxed, taxed, and taxed some more. In addition, to being choked for

tax revenue, they have to meet the Federal Government’s requirements for Social

Responsibility. We are fortunate enough to have Non-Profit Organizations that receive

part of its revenue through Corporate Sponsorship and Philanthropy; and also work hours

allocated directly to charitable organizations. Although Social Services, Building a

Profitable Organization, and other services, are very costly, Corporate Sponsors and

Philanthropists have us covered! To find out how to write a proposal, the words they

love to hear, and get real help for your Business Idea, Non-Profit Organization, or if you

have an individual need, contact us at Expert Advice with Maya Tiffany,

http://www.mayatiffany.com.

Copyright 2015© Tiffany Maya ᵀᴹ