Tips Successful Karaoke Business

Try to buy an existing karaoke business or become a part of a franchise, instead of opting for a start-up. This will not only give you an established customer base but will also be far less riskier than a start-up.
If you can sing, are an extrovert, and can entertain others, you will surely make a good karaoke business owner. However, this business will prove to be a disaster for introverted and shy individuals as they will have to deal with many people every day. It is recommended that you work for a karaoke business before plunging in it yourself. This will give you hands-on experience, and you will be able to network and market your business in a better way. If you do not have the funds for investing in a rental or permanent space, karaoke business is ideal for you. You can conduct this business by hosting shows at bars, cafés, restaurants, private parties, etc. However, remember that you will need to source some investment capital for buying all the equipment and paying your employees, if any. It is advisable to buy a digital karaoke system as it will save you a lot of money, effort, and storage space. If you want to know about a few more essential tips to start a karaoke business, read further.

You will require a good karaoke digital system for your business where the files will be played from a laptop and the words will be displayed on the screen. If you think that you do not have the amount to invest in one, you can get CD+G discs which can be connected to a CD+G player, television, monitor, or screen for playing music and displaying words. You can buy karaoke CDs or download music from online websites. You can also buy karaoke music books or make them on your own. However, you need to make copies of these books so that people will select their songs and write them on the slips provided by you. Whatever you do, ensure that you will be able to play your customer’s choice of song in absolutely no time. You will also need good quality speakers, mixers, cables, extension cords, microphone stands, RF converter, and amplifiers. You will also need three wireless microphones. It is advisable that you get one extra as backup. Getting a wireless microphone is recommended because people tend to step on the cables and spoil them. It’s essential that you also carry spare cables, duct tapes, and a tool kit for a quick fix.

Before jumping in this business, there are certain things which you should know. For example, you will need to know how many competitors you have, how much to charge your clients, which songs to play, dealing with difficult clients, etc. It is advisable that you speak to someone from the same business who operates from a different area. You need to keep abreast with the latest chartbuster songs as well as the classic ‘must-haves’ of a karaoke. Ensure that you have music which caters to all genres as people will like to sing different songs. You will need to have a business plan in place to organize the overheads and income of this venture. Ensure that you find a business mentor who will be able to guide you to go about setting this business.

Before you start this business, know about the prevalent rates for karaoke gigs in your area. If you are a new player, you may have to charge lesser to survive the competition. Many bar owners may not pay you well even if your show is a crowd-puller. Hence, decide and mention your payment terms in the contract itself. Also, ensure that it is mentioned in the contract about show cancellation or refund policies. Also, predetermine the amount of payment, time of the show, etc., during a private party. If you are to play a special dedication to a bride or a song while a person is proposing to his girlfriend, you can definitely go ahead and charge more fees. Ensure you include your travel and logistics charges in your final figure.

If you do not want to own a karaoke bar of your own, you can always request hotels, cafés, restaurants, nightclubs, bars, etc., to allow you to host a karaoke night every week. You can also ask them to host open Mic sessions that will rake in business for both the parties. Other than this, you should also network with wedding and event planners who can recommend you for karaoke nights. This is one business that will prosper through word-of-mouth publicity. Host theme nights which will play a particular type of music; this will give you a lot of customers. Ensure that you have many satisfied customers who will recommend your business to their family and friends. Slowly, your schedule will be packed with offers for karaoke gigs.

If you have to travel to some other venue, like a bar, café, bachelor or hen parties, birthday parties, etc., make sure you interact with the audience keeping in mind what they anticipate from this show. Wear clean and striking clothes; however, remember that you are only there to host the show. So, do not keep speaking, and encourage the other people to take over the Mic. Avoid passing negative comments about the singers as not all of them will sing with the finesse of the professionals. Have a professional attitude, and ensure that people are enjoying their karaoke time. If there is a ‘once more’ for a song, go ahead and play it again. If they request you for having a recording of their song, burn the CD of their performance and hand it to them. You can charge separately for this. If there is a time limitation for the show, ensure that you stop on time.

Always ensure that you are personally present for the wrapping up of equipment. Don’t put this duty on your employees as they may not check if everything is in place, before leaving for home late in the night. It is best to make a checklist of all the smallest to largest equipment and load them properly in their boxes before carrying it to your vehicle. Making a checklist will tell you immediately if a certain equipment is missing.

It is important that you take promotion of your business very seriously. Apart from meeting people who can get you more business, you must have a website or blog giving details about your business. This will allow customers to get in touch with you. Don’t forget to add pictures of the karaoke gigs you have hosted where people are enjoying themselves. You will have to get a written permission from your customers to display their images. You will also have to keep updating the latest schedule of your shows on your website so that people who want to visit can join you at the decided venue. Most of the younger crowd will get in touch with you through Internet, so ensure that you have posted ads on the Internet and websites that give information about the gigs, concerts, plays, etc. Get your website keyword optimized for reflecting in the top searches. Do not forget to connect with customers through social

Slowly and steadily, you can recruit and train a good employee to become the host of your karaoke gigs, while you can look after the management of these gigs, collection of money, marketing, networking, and getting new business. Also, keep extra song books as people tend to steal some of them away. Make sure you have a professional approach all the time, and do not give a chance for people to complain. Remember that people may constantly force you to play their favorite songs and keep hogging the limelight. You will also have to learn to say ‘no’. Whatever you do, make sure that the people enjoy their karaoke time thoroughly, if you want to survive in this business.

Tips to Write the Perfect Business

You’ve finished your business plan, and it is good. You now have your life back, and can sit in anguish while you wait to hear from the bank. Except no – they need more stuff from you. Some legal documents, names, resumes, etc. It sounds like you forgot to put together an appendix.

The appendix to your business plan is where you put all the stuff that’s relevant, but not necessarily for everybody to see. You don’t include it with the plan itself, because that thing gets around. You create a separate document for the appendix, mark it as confidential information, and let lenders know that it is available upon request.

And they will request it, because it contains highly pertinent information like:

If they’re contemplating giving you money, they want to know whether you have a history of repayment or default. It makes sense. So include your business’ credit history, as well as your own. If you run a partnership, include your partner’s history as well. The reasoning behind this is that even though your business credit may be great, they want to know that you’ll step up and make the payments if things get tough.
Also, new businesses may have little or no credit at all, so the personal histories of the key players are all there is to go on.

They also like to see letters of reference from relevant interests – recommendations from vendors or others who have extended you credit go over well.

Your appendix should include the resumes of the key people in your management structure, as well as any outside consultants you use (accountant, etc). This is because the lender is considering giving you money based on the soundness of your business and the likelihood that it will make money. They like to see that the people in charge know what they are doing, and have experience and quantifiable results in the field.
To be clear, the resumes don’t have to be directly related to the product as long as they are related to the person’s function within the company. If the resumes are less than stellar, not including them doesn’t get you a free pass. The bank will ask for them if they want them, and your refusal would send up a red flag.

The lender wants to know what it is you’re selling. You should have already convinced them of your product’s place in the market, in the body of your business plan itself, but adding additional information to the appendix really drives the point home. You should believe in your product, so why not show it off? Include pictures, details from your market analysis, press clippings, patent applications, anything and everything that can answer potential questions.
The person reviewing your file should not have to call you for additional information. Lay it all out right there.

Finally, the lender wants to know that your business is legit, and that you have all your ducks in a row. Include copies of your lease, business license, building permits, contracts and incorporation papers. Any legal document that pertains to the structure and operation of your business is fair game. If you’re not sure whether to include something, include it.
If they don’t need it, they’ll overlook it – better that than setting the process of your application back a week while you gather the additional documents they’ve requested.
Altogether, your business plan’s appendix may turn out to be quite a hefty document in its own right – but at least you didn’t have to write it all like you did with the plan. It’s mostly photocopying. If you had a difficult time gathering all the pieces, it’s a sign that you need to get organized – that’s something you can do while you wait for your loan to get approved.

Promote Your Child Care Business

If you are trained in CPR and first aid, make it your child care’s USP, and highlight this fact in all your promotional materials.
With an increasing number of parents working, looking after babies and toddlers has become difficult. Also, leaving kids under the age of 10 alone at home is not safe. Hence, working parents often choose to avail the help of a child care agency. This increase in demand has resulted in a spurt in the growth of the number of child care agencies over a period of time. Hence, if you want to stand out in the competition and make people notice your business, you will have to undertake strategic promotion. While this may include advertising, participation in events, sponsorship’s, etc., networking will also play a crucial role in promoting your business. Try to network with other child care centers so that they can send over clients to you when they do not have space. You can also reverse this favor when there will be no space at your child care center. Also, if they do not accept children below a certain age group, you can ask them to recommend you. If you want to know some more ways to advertise your business, read the following points.

Print advertising is an excellent medium to reach your target audience. Many magazines, newspapers, and publications offer to design an ad for you. You can even send ad inserts to focused areas through newspapers. This way, you will also save on the cost of hiring a design agency.
You may advertise in:
✦ Parenting magazines
Parenting magazines
✦ Local magazines
✦ Local newspapers
Local newspapers
✦ Community publications
Ensure that your accurate contact details are mentioned in the ad.
Brochures/Leaflets
Business Brochures
When people visit your website or facility for an inquiry, they must get an electronic or hardbound version of your business brochure. It should be designed in such a way that the clients will be left impressed with the offerings.

Needless to say, you must lay emphasis on the safety, health, and hygiene standards in your facility. You can also speak about the activities and learning methods adopted for the overall development of children.

Apart from that, also include:
✦ Unique features of your business
✦ How different it is from your competitors
✦ Special offers and discounts
✦ Photograph of the facility and services provided
✦ The child care policies you follow
✦ Accreditation and awards, if any
✦ Details of your employees
✦ Parents’ testimonials

All this will definitely help your prospective clients get an insight about the offerings of your business.

Word of mouth will work as the best form of promotion for this type of business. Parents like to trust a child care provider who has been referred to them by their friends, family members, colleagues, etc. Hence, you can ask your existing members to recommend your business to other parents as well. Offer them discounts, gifts, or other perks, which will be affordable for you. This will encourage them to spread the word about your business and help you rake in profits.
Posters/Flyers/Business Cards
Business Cards
Design attractive posters, and put them up at strategic locations, which will be frequented by parents. As many new moms prefer to hit the gym to reduce their weight, you can capitalize on this opportunity by putting up a poster on the gym’s bulletin board. You can also tap in health spas, beauty parlors, hair studios, etc. Of course, you will need permission of the owner for this, but getting it done should not be a problem. One more idea is to leave your business cards at the counter so that people can approach you if they need child care services.

You can also put up posters and distribute business cards at:
✦ Offices of pediatricians
✦ Offices of gynecologists
✦ Banks
✦ Grocery stores
✦ Cafés
✦ Commercial malls
✦ Toy shops
✦ Community and church bulletin boards
✦ Beauty salons
✦ Barber shops

You can also send flyers through direct mail to houses in your targeted neighborhood.
Offline and Online Groups
» Try to find out social and support groups for parents, and try to give a presentation about your services. You may also find out about such groups on Internet forums, and connect with them for introducing your services.

» If you can target a working mom’s group, you can explain how you are equipped to take care of their children while they are at work. You will need to incorporate the solutions to the problems that these moms face for accommodating their children during the day in your presentation so that the audience will relate to you.

» Ensure you explain how safe and secure your facility is. This will be an important decision-making factor for parents.
Social Media
Social Media
» In today’s age of Internet, one cannot undermine the power of social media. It acts as a medium for you to reach your right target market. Hence, create pages for your business on all social networking websites.

» Ask your friends and family members to promote them and make them popular. This will help communicate about your business to many others who are looking to hire services like yours.

» You can also pay for Facebook ads to reach the prospective customers at the right time. Tapping into this kind of promotion can help you gain widespread popularity.
Website
Website Design
»You will have to create a website for your business. The design can be simple, yet it should communicate how serious you are about child care.

» Incorporate testimonials from some of your clients. You can also have a walk-through video of your facility to convince the parents to send their children to your child care center.

» Ensure that you enlist the various licenses required for this business. Lay emphasis on the fact that you aim to provide quality care for children of a certain age group. Get your website search engine optimized for various keywords.
Get Enlisted
» Enlist your business in various online and offline directories and websites. This will help your prospective clients to look up for your services.

» Also, register with your local Child Care Resource & Referral Agency to find clients and reap other benefits.

» Register and have your child care business BBB-accredited. Many parents refer to the BBB website for reviews and ratings about child care services. Hence, do this on priority.
Open House
Open House Playing Kids
» Arrange for an open house in your child care facility, and ask your existing clients to recommend the event to others.

» Have some nice snacks and drinks, and don’t forget to arrange games and toys for the kids to play with.

» As parents will take a look around, speak to them and explain the strengths of your child care. This is one opportunity to interact directly with your prospective clients. So, you should not let it go.
Others
Start a blog
» Write articles or advertorials for local publications.

» Participate in the local community health fairs.

» Start a blog on child care to make your business popular.

» Network with pediatricians, school teachers, realtors, etc., to promote your business.
Apart from the ones mentioned above, you can also make a news splash by sending out press releases for all the milestones of your business, like grand opening, branch inauguration, etc. You must undertake learning and playing activities for children while they are under your care. Advertising child care services is easier, provided you have a strategy in place and know exactly what to communicate.

Tips for Doing Business in Germany

Germany, the fourth-largest economy in the world, is a member of the Organization for Economic Cooperation and Development (OECD). It is also a member of the European Union. The country primarily relies on export-oriented growth. The present economic situation has caused its exports to shrink. According to the European Commission, Germany’s output is expected to shrink by 5.4%. Unemployment is also on the rise. Hence, seeking employment in Germany can be a daunting task. Rather than taking away jobs from the permanent residents, being self-employed and providing employment to others might be a welcome initiative.

According to The World Bank Group, Germany ranks 25th among 181 countries as far as ‘ease of doing business’ is concerned. The same study ranks Germany at 102 when it comes to starting a business. Clearly, starting a business in Germany is not an easy task.

Doing Business in Germany

Applying for a Residence Permit
Having a residence permit is a precondition for starting any business in Germany. The rules regarding applying for the permit vary, depending on whether or not the person is a citizen of a European Union (EU) member country.

Citizens of an EU Member State
A person from an EU member state is required to inform the registry office before starting any business.

Citizens from Non-EU Countries
In order to obtain a residence permit there should be an economic justification or a social need for the proposed business. It might be easier to obtain a permit in case the business is able to generate at least five jobs and the investment is around €500,000. A person already having a residence permit has to get it re-approved before starting a business.

Types of Business
Any person who intends to start a business and remain self-employed can be classified under one of the following categories: professionals, businessmen, or micro-entrepreneurs.

Professionals
The liberal professions are as follows: medical and non-medical healing professions, legal, tax and other business advisory services, technical and scientific jobs, professions facilitating communication, and linguistics and teaching professions. Any member of a liberal profession needs to prove his skills by taking a test. This is a means of convincing the authorities that his skills are required by the society and they would benefit the economy. The entrepreneur is required to register with the tax office, and pay taxes using the tax number assigned to him. However, there is no trade tax. An English teacher who decides to start a spoken-English coaching class is an example of a self-employed professional.

Businessmen
Generally, all self-employed people who do not belong to any of the liberal professions are classified as business people. The key point is that the business under consideration should aim to provide employment to the entrepreneur and a few others. Preferably five or more people should be employed by the business. An entrepreneur who is interested in starting a catering business is an example of a business person. Business people are required to register with the designated trade office and submit their annual profit & loss statement and balance sheet to the tax office.

Micro-Entrepreneurs
A micro enterprise is intended to provide employment only to the entrepreneur. In this case, the enterprise has to be registered with the Chamber of Industry and Commerce or with the Chamber of Crafts. The fees paid and the taxes levied depend on the amount of revenue generated.

Germany, like most countries, is going through a phase of recession. The government is trying to revive the economy by giving a boost to the automobile industry. It is encouraging fuel-efficient and environment-friendly cars. A business related to the automobile industry might be a good option for people desiring to set up a business in Germany.

Tips for Expanding Your Business

Initially, a business requires few years to develop a strong foothold in the market. Once this is achieved, the next thing that comes in the minds of owners is expansion. Taking the business to a higher level, where it can cater to a larger base of customers, is ideally the target of owners. A business needs strategic planning and analysis before actually starting the expansion process. Missing out on these points can adversely affect the profits, and may result in loss of established market position. Expansion can be achieved in many ways. It is up to the company to decide which way is the best for its expansion.

Franchising has lately become one of the most successful methods of expansion. It provides the owner some control over the business. Internal processes can be uniformly maintained among all the franchisees, thereby, creating a unique brand image. This is necessary to catch the eye of prospective customers who can later become real customers. Franchising does not require significant financial input on the part of the franchisor and also helps in earning fees from franchisees. By doing so, a business can enhance its visibility in many locations without making any significant investment.

Diversification is a strategy used by many businesses for expansion. It involves developing new products and entering new markets, so as to increase the profitability of the organization. A variety of items in the product basket of the organization serve as multiple sources of income and help in maintaining profits, even if, some of the products fail to perform well for a certain time period. Diversification can be attained by entering into related segments, for instance, a notebook manufacturing company can add other stationery in its product basket so as to cater to a larger customer base.

A business can expand by opening outlets at new locations, so that customers of those areas can make use of the product or service offered. Setting up new outlets requires a lot of money therefore, businesses must undertake feasibility studies to learn the pros and cons associated with it. This form of expansion is good for ventures that have a consistent

An organization can grow by forming an alliance with another party. A business alliance is formed between two businesses who wish to expand by sharing the cost of expansion. The parties agree to share the risk and profit associated with the expansion process. An alliance can be a joint venture, investment alliance, sales alliance, location-specific alliance or a
Gaining a license reduces the risk for a specific product or service, of being illegally used by someone else. This is a low-cost method of expansion by which the license holder can enjoy royalties, by allowing other businesses to sell the product, without actually getting involved in the manufacturing or selling process. This is the safest method to maintain ownership over the product and earn profits.

Acquiring more and more customers is the key to expansion. Businesses must try to serve customers of related segments to increase profitability. For example, pharmaceutical companies not only target customers going to retail chemists, but also the ones that are found in hospitals. By increasing the customer base from retail chemists to hospitals, pharmaceutical companies are capable of generating more business.

A quick means of expansion that businesses can avail is, signing contacts with government organizations. Concerns about external competition are highly reduced by winning a government contract because there is no competition during the contract period. A thorough research is required prior to applying for a government contract. A business must apply for a contract only if it is capable of meeting the terms and conditions associated with it.

Acquisitions help in acquiring new customers and increasing income. When a business is acquired, the parent company gets charge of its employees, assets and all other belongings. This helps in expansion and increasing the worth of the parent company. Most of the time, businesses choose to acquire companies that are smaller in size and worth as compared to them. In some cases, smaller companies develop control over the management of a larger firm and retain its name and customers.

Using the Internet for increasing the visibility of a business is a smart way of expansion. Customers are nowadays inclined towards getting details of a product or service they are looking for, through the Internet. Putting up content that is needed by the customers, definitely helps in gaining customer attention and increases the chances of sales.
Government grants for small business expansion are available to provide financial assistance to companies that are ready for it. If you are an owner, it is better to hire a consultant who can give several tips for business expansion, but, it is for you to decide which option is the best. A well-planned approach will help in the growth of your business and you will get excellent results in terms of profits.

Tips to Start Your Car Wash Business

Everyone loves cars, and they love them more when they are clean. Unfortunately, due to a fast-paced life which most people lead, spending time cleaning a car has become next to impossible. That is why, they take their cars to car wash centers and get them cleaned regularly. Due to this, the car wash industry is booming, and even though there is a huge competition in the market, this business is a hit. It is very lucrative, as it can be started really quickly. The best part about this business is that absolutely anyone can start and run it.

The success stories of car wash business are many, and that is why, many college students and teens enter this industry. It is a quick way to earn some extra pocket money. Students go door-to-door offering their services to people who have cars, but do not have time to wash their cars, or take them to car wash centers. This write-up gives you the complete know-how on opening your own car wash business, in quick and easy steps explained below.

Starting the Business

Research

Starting a car wash business is very easy. You start with your research, usually beginning with studying the car wash industry. There are 3 main types of car wash businesses that one can start: mobile, manual, and automatic car wash services. One needs to understand each type, and do his research accordingly.

» A mobile car wash business is one that requires a person to visit homes and offer his/her services. Mobile car washers make house visits at the convenience of their clients’ homes.
» Manual car washes are those that do not have automated machines to clean the cars, rather people do all the cleaning. These car wash centers employ people to wash the cars manually, without using machines.
» Automatic car wash centers are those that have the drive-through facility, where the car is taken through different mechanized cleaning stages. You should visit other car wash centers to understand how they work.

Doing the right research is the most important step in getting your business started. During your research, you need to also decide whether you want to start a franchise, sole proprietorship, or partnership.

Location and Equipment

Depending on the type of business you choose to open, you should select your location. To be on the safer side, choose a location that is close to a residential setup. It is easier to get business if your clientele resides near your center. You should choose a location that has ample parking space, and one that is not too far from any main roads. Your center should be noticeable to as many people as possible, so having a good location is very crucial. Your location should be big enough to house a drive-through or other equipment that you need. Choose your equipment wisely. If you plan to start a mobile car wash business, then you need not worry about the location. Your main concern is getting your business started and advertising it well.

Money and Business Proposal

Money is the most important aspect of any business. Once you have decided on your location, you need to procure the finances to rent the location and buy equipment if needed. You need to decide whether you want to take out a loan from a bank, find private sponsors, or take out money from your savings. If you plan to borrow capital from a bank or private investor, you need to draw up a detailed business plan, and present it to them. You business plan should be very crisp and impressive, stating all the points, like location, equipment, labor, taxes, estimated profit, etc.

Paperwork

After all your finances and capital investment are taken care of, you need to go ahead with your registration procedure. If your location needs a special permit, you need to buy one before you make an offer on it. As soon as that is done, you should register your company and apply for all the important business permits that you will need. You will be required to apply for zoning variances, Employer Identification Number from the Internal Revenue Services, state tax registration certificate, federal tax identification number, environmental and safety inspections, etc. Insurance for your business and its location should also be done. Once you buy your equipment, you can insure that too, against theft, damage, etc.

Purchases, Employment, and Advertisement

Once all your paperwork is done, buy all the equipment that you need. Place advertisements in the local paper, on the Internet, and radio for hiring employees. Conduct interviews, and select candidates that fit the job requirement. Make sure that you employ people who are efficient, polite, experienced, and who have knowledge about cars and its related services. Get your car wash outlet constructed, and open your business. Advertisements are very important in this industry. Your posters and fliers should be distributed on a large scale so that you can pull in as many clients as you can. If you have a set budget for advertisements, then employing an advertisement agency is a good idea. Since your business is a new one, you will need to put out some attractive offers to get clients.

Starting a car wash business, or any business for that matter, requires a lot of hard work and patience. You need to understand that there is a risk in it. If the market is down, or during the rains when it is not possible to maintain the cleanliness of a car, owners do not get it washed regularly. Keeping that in mind, you need to come up with good and reasonable deals for them so that your clients keep coming back to you. Make sure that the quality of services that you offer is never compromised upon, and you will see your business boom.

How to Mind Your Own Business

Ever come across people who would tell you about their salaries before they wave a hello and smile, or ever met an unmarried girl advising you, when to have babies? I have, and trust me, there is nothing more annoying than being polite and smiling back to these people, while suppressing a growl and holding your hands away from their cheek. Ask me at such a moment ‘how to mind your own business’ and I may not reply with words and may use some other means.

All my growing years, I have come across various people who lack the quality of humbleness. And I have noted that these people are somehow obsessed with boasting and also hint low self-esteem. Otherwise, why do you need to be so loud when making a point so that the whole of the room notices you and not just the person you are talking to. Or why do you need to say sentences like, ‘why are you wearing this dress’ or ‘I got a job, pays big bucks, blah blah’, when all the other person is doing is playing friends with you.

As I said, minding your own business needs a lot of humbleness, politeness and respect for the other human being. It needs an understanding on your part, that the other person is an individual with his particular set of choices, and he/she is free to follow his/her choices. You need to understand that you are not always right and playing Miss Know-It-All or Mr. Know-It-All will take you nowhere and will in fact, take the other people away from you. So, the mantra is “Live and Let Live”. If you think you are the goddess of fashion or a finance guru, keep it to yourself, because you know what, the world doesn’t care and nobody has the time to listen to you bragging and boasting. Also, you may not always find a humble listener. So, beware of witty comebacks before you open your mouth. Don’t you remember the best ever mind your own business saying ‘do not do to others what you would not like

Advice always sounds good from people who have been there and done that. Like our parents and teachers whom we sadly (and most often) choose to ignore. But taking advice from someone who assumes he knows it all, is so irritating. Take for example the agony aunts (and uncles), you will find many of them who have taken it upon themselves to solve others’ problems. Mind you, helping when asked to is good, but being nosy and advising when not asked to is bad. I have personally come across people who were repelled to know that I am married, and by repelled I mean, they practically flew back a few feet from where they were standing and their eyes popped out. And they were louder than a train’s horn when they said ‘What! You are married!’. And they just kept moving their head sideways, even when I explained I am not that young and I married by my wish. To add to it, they will request you to not have babies as of now. Wow, is that reasonable? And I think I need not explain how repelled I am from such people. So, it is important that people understand where to draw a line when it comes to personal lives. And secondly, bring down that volume man!

Business Administration Tips

Management is defined as the skill of coordinating all the organizational resources, be it human, financial or material, in order to achieve organizational goals. A degree in business administration equips a person to perform this management function in the best possible way. So, for all those who are contemplating a career in business management and administration, given below are some useful tips, with regards to management education, as well as the job profile that you can expect in future.

Tips on Management Education

To make a career in this field, you will need a Master of Business Administration (MBA) degree from a recognized college or university. The degree provides education in all the major business administration and management fields. Here’s a list of subjects that you will study in a business school:

Marketing
Financial Management
Accounting
Human Resources Management
Statistics
Economics

You will learn about basic theories and principles of management as well. If you get into a good business school, there will be guest lectures by some high-profile professionals from the corporate world, which in itself is a great learning experience.

Solving case studies, giving presentations, participating in group assignments, working part-time in a company and doing internships, are some other things you can look forward to doing at a business school. Once you pass out of the school, you will have a complete knowledge of management process in business administration. A management school will also equip you in all the required management skills, the list of which is given below:

Planning
Organizing
Decision Making
Problem Solving
Communication
Hiring
Controlling
Customer Relationship Management Skills
Leadership
Team Building
Negotiation Skills

Tips on a Manager’s Job Profile

The role of a manager in business administration, depends on the kind of organization he is in. Initially, his job may be limited to his chosen field of specialization, i.e. he might be a manager in the marketing department or in the finance department. However, as he moves from junior management to mid-career level, he will be heading one of the departments in a company and performing functions of planning, organizing, staffing, directing and controlling, in his department.

Planning
Planning involves setting both short-term as well as long-term goals and arranging them in a logical sequence as to which one needs to be achieved first and so on. A manager needs to plan for what to do, how to do, when to do and by whom it should be done.

Organizing
This function mainly involves setting up a structure in the department or the organization. Setting responsibilities for each and every person or department, how they will correspond and work together, who will supervise whom, all fall under this management function.

Staffing
A manager needs to hire right people for any given job. So, he invites applications, interviews people and then hires them to work in the organization.

Directing
A manager motivates and leads his team so that they give their best to meet the organizational goals. A manager has to find the right balance between being sensitive to his staff needs, as well as getting the job done in time

Controlling
The manager assesses and keeps a check on the performance of his employees, so that the desired results can be achieved. There is a set “rewards and punishments” formula in every organization, which a manager follows to ensure maximum work output from his employees.

To perform the above functions, a manager needs to be creative, fair, sensitive to the needs of others, a good leader, motivator, problem-solver and a sound decision maker. When he reaches senior management, he will be required to overlook all the departments in the company. A person with a degree in business management and the required managerial skills, can become the CEO of a company.

How to Write a Business Report

Business information report helps make the reader understand the business plan, business growth strategies and the goal of business. Business report writing for an audience can be internal, that is within the organization as well as external, that is, clients or banks. These audiences are either from technical background or non-technical background. It can be a tedious task for those who find it extremely difficult to organize and write a detailed report.

It is very important to follow a proper format when writing business reports. There are standard business report writing formats that can be easily understood by anyone reading it. These sample business report formats also help reduce your time of preparing one as it helps you become more organized. These sample business report formats are developed by professionals over the years. These well-written business writings also do not waste the time of the reader and do not allow them to skip the information that they should be reading.

How to Start your Business

If you can play a musical instrument such as the guitar, piano, or any other, or if you sing well, you may consider starting your very own music-teaching business. It is a lucrative business option and can be done from the comfort of your home. You can take classes at home and also train students over the Internet, thus reaching a large number of students. This business requires less initial investment and can prove to be a profitable venture. There are some music teachers I know, who are earning pretty well through a music-teaching business. Knowing how to start this business can help you begin on the ‘right note’.

Conduct Background Research
Conducting a background research is of utmost importance before starting any business. In case of a business in teaching music, do some online research to understand the number of music teachers in your area, what they teach, how much they charge, and the response they get. The answers to these questions will help you gauge the viability of your business idea and tell you whether investing in this business would be profitable. If there are quite a few music classes in your locality, consider starting your business in some other area. Choose the location wisely.

Find a Mentor
Try to speak to a person who has worked in the field or someone who owns a similar venture. Talking to him will help you understand the nitty-gritty of the business. However, if he is from the same city/locality as yours, he may not divulge too much information with the fear of competition. Look up on the Internet for someone who has achieved success with a music business. Consulting him will help you know about all the aspects of starting this business. Maintain good relations with him. Sharing a good rapport with a successful music business entrepreneur is sure to benefit you.

Have a Business Plan Ready
Before you start the business, you need to have fool-proof plan ready. Start by deciding a name for your music class or academy. It should be striking and inviting. Other things to be planned include, whether to conduct one-on-one lessons or take group lessons, how much to charge as fees, and which musical instruments (or any other equipment) to use. It is also important to decide the target audience and devise ways to reach them. Pertaining to the financial aspect of your business, ways to raise funds for the initial investment, salaries of the people you may need to hire, expenditure on the infrastructure and equipment, and the record-keeping system to use, are among the important things to consider. It is important to think about ways to expand your business, and also have an exit strategy ready, in case your business is not a success.

Find a Good Location
You can either rent a facility or use a part of your house. Renting a facility will be costly. It is good to start small. To start with, use a spare room in your apartment or the basement. See that it has a separate entrance so that movement is easy, and ensure that this arrangement does not disturb other residents of the apartment. If time and distance are not your constraints, going to each student’s place to teach him, is also a good option.

Source Instruments and Course Material
Decide the number of students to be accommodated in a single batch. Accordingly, decide the number of instruments (and accessories, if any) that need to be sourced. After a few months of training (once the basics are taught), the students can be asked to get their own instruments. Prepare the course material and source books and song sheets accordingly. Make lesson plans for beginner level as well as expert level students. Arrange for the course material to be printed and given to every student who enrolls to your class. You can also make instructional DVDs for the same. This will save you a lot of time and effort.

Complete the Formalities
You will have to get the license to teach and buy insurance for your business. Look into the zoning and land use rules of your community. Also, don’t forget to get a business liability insurance. You can browse through the government’s Small Business Administration website to understand the formalities that need to be taken care of. You may have to register your business name as ‘Doing Business As’. Complete the necessary paperwork as per your state’s requirements. You will also need to register your business with the IRS. Take professional advice for accounting and taxation.

Do Good Networking
Visit local music shops and leave your visiting card, resume, and fliers/brochures there. Meet the managers personally and explain your business to them. Visit school teachers and ask them if they can give your reference to students who want private lessons. Firstly, this will help you get students. In addition to that, it might get you work as a sub-contractor for a marching or jazz band. Contact local band directors. Even they may help you get students. If you have a college degree, or if you have received formal education in music, you may get hired on an adjunct position in a community college or university. Word-of-mouth promotions work wonders for a music-teaching business.

Use the Media for Promotion
It is important that you promote your business strategically. Use attractive visiting cards, brochures, and fliers, and circulate them in music stores and cafes. Advertise through local community newspapers and specialty magazines. For any business to succeed today, a strong social media presence is important. Make Facebook, MySpace, Twitter, and LinkedIn profiles for your business. Keep updating them with interesting photos and information. Try to have a Fan page on Facebook. People tend to visit these pages to see how many people Like them before deciding whether to join the classes. You will benefit immensely if you start a YouTube channel and display your musical talent in weekly video updates. Create a separate email account and website for your business. Advertise your business effectively.

Watch Your Conduct
Leave your flip-flops and that rugged t-shirt at home when you go for networking or invite students for a musical demonstration. Dress smartly and neatly to make a positive impression on the people you interact with. When communicating with them, be polite. Be approachable.

Make the Classes Interesting
Fun activities, educational games, and contests make learning a fun experience. Feature the best students on your website and/or social media pages. Once in a month or two, host a musical night so that your students get a chance to perform. Such events help promote the business. Even the students and their parents feel motivated to continue with you. Introduce discount schemes, lucrative offers, and/or allow the students to pay in installments. Schemes like these help attract more business.