Developing Realistic Financial Assumptions

Written by Dave Lavinsky


Many investors skip straight torepparttar financial section ofrepparttar 103209 business plan. It is critical thatrepparttar 103210 assumptions and projections in this section be realistic. Plans that show penetration, operating margin and revenues per employee figures that are poorly reasoned, internally inconsistent or simply unrealistic greatly damagerepparttar 103211 credibility ofrepparttar 103212 entire business plan. In contrast, sober, well-reasoned financial assumptions and projections communicate operational maturity and credibility.

For instance, ifrepparttar 103213 company is categorized as a networking infrastructure firm, andrepparttar 103214 business plan projects 80% operating margins, investors will raise a red flag. This is because investors can readily accessrepparttar 103215 operating margins of publicly-traded networking infrastructure firms and find that none have operating margins this high.

As much as possible,repparttar 103216 financial assumptions should be based on actual results from your firm or other firms. Asrepparttar 103217 example above indicates, it is fairly easy to look at a public company’s operating

Clearing Office Clutter

Written by Janet Barclay


The Oxford Canadian Dictionary defines clutter as "a crowded and untidy collection of things" or "an untidy state." When we don't have designated places for all our belongings, clutter is oftenrepparttar result. Even if you have established organizational systems, you will face problems with clutter unless you have a plan to find homes for every single article you bring into your office. Otherwise, it's too easy to set things on top of your desk, filing cabinet, or another surface "for now." All too often, "for now" ends up becoming "forever" or at least until things reachrepparttar 103208 point that you can no longer toleraterepparttar 103209 clutter. If you're already at this point,repparttar 103210 following tips may help you get back on track.

The first thing you must do is set aside time to deal withrepparttar 103211 clutter. Many small business owners feel they are too busy to do this, but in reality,repparttar 103212 time you'll save once everything is organized will more than make up for it. You might choose to block off a day or two just to concentrate on this project, if your schedule allows it. If not, set aside an hour a day or a couple of hours a week and keep at it until there's no clutter left in your office. Treat this appointment with yourselfrepparttar 103213 same way you would treat an appointment with one of your clients - don't cancel it unless you have a dire emergency, and don't deviate fromrepparttar 103214 task at hand by taking phone calls or getting distracted by other work.

The best place to begin decluttering your office is with your desk. There is no reason to keep anything in your work area thanrepparttar 103215 things that you are currently working on. Your current projects should be kept where you can access them easily, but rather than keeping them in piles on your desk, they should be organized into clearly labeled file folders. It's very likely that those piles of paper on your desk include information which is out of date and can be discarded, as well as documents that you need to keep, but are not currently using, which can be filed in your filing cabinet.

Once your work area is clutter free, you need to go through your files and discard anything you no longer need, shredding all documents which contain confidential information, of course. Large organizations usually have a retention schedule that dictates how long certain types of information must be kept. If you're not sure, it may be wise to consult a lawyer or accountant to determine how long certain documents must be retained by law in your area. Items which are needed for legal or other reasons, but not referred to on a regular basis, should be put in an archive area, such as a lower file drawer, storage room, or offsite storage, depending onrepparttar 103216 volume of paper you have andrepparttar 103217 space you have available.

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