Reducing IT Expenses

Written by Richard Lowe


Continued from page 1

Vendors are very hungry these days. Forrepparttar first time in over a decade it's a buyers market. Enjoy it while you can and get some revenge on those vendors who would not lower their prices last year - make them sweat.

Postpone hardware purchases - I don't know about you, butrepparttar 106771 pace of hardware changes duringrepparttar 106772 past few years has been very difficult to manage. It seemed like we would just purchase 200 megahertz machines whenrepparttar 106773 400 megahertz models came out. We'd upgrade, then then 600 megahertz models were released.

I would recommend carefully considering all hardware purchases, especially upgrades, for a year or so. Sure, your users may want to upgrade torepparttar 106774 newest 2 gigahertz machines, but I'll bet their 933 megahertz processors are working just fine.

Look closely at what your consultants are doing - If you use consultants, this is a great time to very closely examine what they are doing for you. Honestly look through their project list and question every single item. Discard projects that are not absolutely necessary, postpone what you can, lengthen tasks where you cannot postpone. Consultants are incredibly expensive, and oftenrepparttar 106775 tasks they perform can be cut back dramatically.

Renegotiate consulting contracts - This is an excellent time to discuss rates with your consultants. They may not want to lower their rates, but you most definitely haverepparttar 106776 upper hand in this economy. I've been able to get cuts of fifty to sixty percent lately just by spending a few minutes talking.

The point is simple. Money is tight and will probably get tighter before things loosen up. Now isrepparttar 106777 time to look over everything you do and reduce those costs. Not only will it help keep people employed, but it will impressrepparttar 106778 boss and company managers.



Richard Lowe Jr. is the webmaster of Internet Tips And Secrets at http://www.internet-tips.net - Visit our website any time to read over 1,000 complete FREE articles about how to improve your internet profits, enjoyment and knowledge.


Writing A Business Plan

Written by Patrick Tan


Continued from page 1

Step 4: Development Plans - Organization structure. - Admin, compensational and operational policies. - Immediate plan - identified in step 3. What arerepparttar goals and objectives? - Mid-term plan - preparing forrepparttar 106770 next phase of growth. - Market penetration - increase our sales in existing market by encouraging existing customers to make more purchases and converting non-buyers. - Market development - offer our products to other geographical markets or market segments. - Product development - develop new products that meetrepparttar 106771 needs of existing customers. - Long term plan - Diversification. Make use of our existing resources to develop a new business.

Step 5: Financial Projections and Capital Budgeting - Prepare a pro-forma balance sheet and profit & loss statement for your proposed business. - The figures must be drawn from educated guesses based on an in-depth study ofrepparttar 106772 competitors or industry's financial performances. - This exercise will help us manage our cash flow better as well as determine repparttar 106773 amount of capital required to implementrepparttar 106774 plan.

The above guidelines are meant to illustraterepparttar 106775 thinking process behindrepparttar 106776 preparation of a business plan. You will haverepparttar 106777 business plan drawn up simply by providingrepparttar 106778 answers to allrepparttar 106779 above questions.

While it may not guarantee success, business planning helps to enforce discipline by making you think twice before takingrepparttar 106780 plunge. It encourages you to look inwards and outwards for answers and to evaluate your business ideas against various environmental and competitive constraints. Inrepparttar 106781 process, it helps to eliminate unnecessary mistakes and shortcomings.

In addition,repparttar 106782 planning process will help to develop your conceptual and analytical skills as well as sharpen your mind. Try it. You may find yourself a few steps closer to your dream of becoming your own boss.

The Complete Book of Business Plans by Joseph A. Covello, etc http://www.aloha-city.com/bookshelf/writing.html

One ofrepparttar 106783 best manual on writing business plans. Although it is meant for small business owners who have not undergone formal business training,repparttar 106784 concept and planning process is applicable to any business, large or small. Written in a clear and concise format supported by useful financial projections,repparttar 106785 book guides readers step-by-step throughrepparttar 106786 process of conceptual planning and writing a business plan.



Patrick Tan of Aloha-City < http://www.aloha-city.com >. Want to make money on the Web? Don't jump in before getting all the latest tips on starting and building a successful career online. Subscribe to "Back to Basics" Home Business Newsletter - send email to: basics@aloha-city.com. Visit Aloha-City for more resources on home businesses, affiliate programs and freelance work.




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