improv your business: part ii
TRANSCRIPT
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
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
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
Copyright 2015© Tiffany Maya ᵀᴹ
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
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
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
Copyright 2015© Tiffany Maya ᵀᴹ
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
Copyright 2015© Tiffany Maya ᵀᴹ
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
Copyright 2015© Tiffany Maya ᵀᴹ
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
Copyright 2015© Tiffany Maya ᵀᴹ
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
Copyright 2015© Tiffany Maya ᵀᴹ
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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I m p r o v Y o u r B u s i n e s s | 16
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
Copyright 2015© Tiffany Maya ᵀᴹ
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.
Copyright 2015© Tiffany Maya ᵀᴹ
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