#drop shipping business

#

Drop-Ship Your Way to Success

The popularity of eBay has inspired many people to start a business. And for those entrepreneurs who don’t want to invest in a ton of inventory but still want to set up shop, drop-shipping is a logical solution.

Before you get started, consider these seven steps involved in starting a drop-ship e-business:

Step 1: Choose a product to sell. The very first step in any sales process is deciding what product to sell. Many factors should be considered before you make the decision, but for now, let’s say that you’ve decided to sell CD players on eBay.

Step 2: Locate a supplier who will drop-ship for you. Using a research tool like Google, ThomasRegister.com or an industry-specific resource like The Ultimate eBay Dropship Power Pak, you can search for and find a company that will drop-ship CD players for you. If the company offers you a 35 percent markup over cost, which means that itu will supply the CD players to you for $100 each, then you should be able to retail them for $135 apiece. Make sure the drop-shipper has a good stock of CD players on hand so you don’t end up selling a product that must be back-ordered.

Step 3: Set up an account with the drop-shipper. Now it’s time to set up a reseller account with the company that will supply the CD players. This can often be done online or by phone, but some companies will require that you complete and return a reseller application to open an account. Some may also require a tax ID and a business license.

Step 4: Advertise the product for sale on eBay. Now that you have your supplier lined up and you know that the product is in stock, it’s time to make a sale. That means it’s time to advertise the product using an eBay auction. Since you know what you must pay the drop-shipper for the product, you also know what minimum amount you will take for the product. In this case, you could start your auction at $100, since that is your cost. If you are confident that you can get more than $100 for the product, you can start with a lower price, but remember that if the product goes for less than what it costs you to fill the order, you will lose money. Also remember that the drop-shipper will charge shipping, so make sure to figure that into your sale.

Step 5: The product sells. Great news-your CD player has sold for $135, and your customer pays you with a PayPal instant payment. I highly recommend that entrepreneurs use PayPal or some other online processor to accept instant payments. This allows the customer to pay you faster, which lets you place the order with the drop-shipper faster, which gets the product to your customer faster.

Step 6: Place the order with the drop-shipper. Once your customer pays you, you should contact the drop-shipper immediately to order the product on your customer’s behalf. The drop-shipper then ships the order to your customer under your company name and address.

Step 7: Follow up after the sale. This is where many new e-business entrepreneurs drop the ball. Just because your customer has paid you and you’ve placed the order with the drop-shipper, does not mean that you are out of the loop. Quite the contrary: If there are problems with the order, you are the one that will be held responsible in the eyes of your customer.

It’s best to be proactive in your customer relations. Follow up with customers to let them know when a specific item has been shipped. Offer yourself as the personal contact for any issues that may arise. This is also a great way to sell customers more products. Invite them to check out your eBay store or Web site, if you have one.

Many people are afraid to use drop-shipping as a method of sales due to the horror stories that fill the Internet about unscrupulous drop-shippers who take the money and don’t fill the orders, merchandise that is eternally back-ordered, unscrupulous middlemen posing as drop-shippers and so on. Make no mistake, the drop-shipping industry-like most other industries-does have its share of shady characters who would rob you blind given the chance, but there are also hundreds of honest drop-shippers who can help you build a profitable eBay drop-ship business.

Drop-shipping is a complex topic that can’t be completely addressed here. For that reason, I have written a detailed report on drop-shipping called SPECIAL REPORT: eBay Dropship Profits that is available to Entrepreneur.com readers as a free download.

Tim W. Knox is the founder and CEO of three successful technology companies: B2Secure Inc.. a Web-based hiring management software company; Digital Graphiti Inc.. a software development company; and DropshipWholesale.net. an online organization dedicated to helping entrepreneurs launch and prosper from their eBay or online sales business.

The opinions expressed in this column are those of the author, not of Entrepreneur.com. All answers are intended to be general in nature, without regard to specific geographical areas or circumstances, and should only be relied upon after consulting an appropriate expert, such as an attorney or accountant.



#business printers

#

MAXIFY Inkjet Business Printers

MAXIFY business printers deliver professional quality, colour printing and high levels of productivity to small and home offices. From simple printers to All-In-One printers with copying, scanning and faxing functionality, the MAXIFY range offers high efficiency and a wide range of connectivity options including printing from mobile devices as well as from cloud services.

Home Office Printers

Small Office Printers

Achieve new levels of productivity with MAXIFY home office printers. Ideal for those who run their business from home, they offer low cost printing for home offices, printing between 200-1,000 pages per month.

Maximise the potential of your small office with the robust and productive MAXIFY small business printers. The perfect low cost printing solution for small offices with up to 5 employees and printing between 250-1,500 pages per month.

The high yield XL ink tanks print colour documents at a low cost per page. A 4-colour multipack option contains a full set of replacement inks for even more cost-effective printing. With the Auto 2-Sided printing you can reduce the amount of paper you use and create professional looking double-sided documents.



#free business forms

#

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All by category

Business/Corporate



#business training

#

Business Training Works, ® Inc.

Welcome to Business Training Works, the onsite training provider.

Whether you need customer service, train-the-trainer training, a multi-session program for emerging leaders, or something else related to soft skills, we can help.

For more than a decade we’ve worked with Fortune 500, government, education, religious, and medium and small business clients to achieve their employee development goals.

The core of our work is instructor-led training delivered at our clients’ locations. For many topics, we also offer interactive webinar training available anywhere with a high-speed internet connection.

If you’re seeking a blended learning approach or self-paced instruction, we’ve created a handful of online courses and partnered with a respected publisher to provide a library of online titles.

ONSITE TRAINING

Our tailored workshops cover traditional topics such as business etiquette, communication skills, cross-cultural communication, customer service, diversity, human resources, management, supervision, leadership, negotiation, presentation skills, time management, sales, training-the-trainer, and writing.

We also offer more narrowly focused courses in areas such as chat etiquette, military writing, GPO Style Manual usage, and customer service for healthcare.

We are not a commodity course provider, and we recognize that no two clients are alike. We will address your learning and development goals on a schedule that works for you.

We can provide you with full-year training programs, individual sessions, conference breakouts, lunch programs, or keynote sessions.

The workshop overviews found on this site suggest course length, learning objectives, and program flow. For most of our clients, these descriptions are a starting point. However, upon request, we can teach the programs exactly as described.

If you don’t see what you are looking for, please call us. We frequently develop new offerings at the request of our clients.

INTERACTIVE WEBINARS

Some webinars are good, and some are not. If the idea of distance learning causes you to yawn, it’s unlikely you’ve participated in one of our webinar programs. Our distance-learning instructors know how to maximize their allotted time, engage participants, and meet training objectives.

ONLINE TRAINING

If you require training for an individual or need to train people working in different locations, our online training programs could be the answer. Some of these programs are proprietary classes, while others are available through our corporate training partners. The course overviews for these online programs are listed alongside our onsite training descriptions and labeled as online offerings.

COURSE CATALOG AT A GLANCE

The following chart lists existing courses and available formats.

Format Key

B – Conference Breakout Session or Lunch Program

H – Half-Day Training Course



#small business payroll

#

5 Fantastic Small Business Payroll Services Compared

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If you didn’t have to hire, manage, and pay employees, life would be a lot easier. Unfortunately, that plan ends up with you sitting alone in a dark room, trying to do everything for your business while slowly losing your mind. Luckily, you can pay someone else to take care of this stuff. Payroll services will take the burden off you, give your employees a regular paycheck, and some can even manage your payroll taxes.

For many companies, hiring someone to manage HR operations like paying employees and managing benefits is cost prohibitive. Payroll services cost substantially less than hiring a new employee and can take a lot of work off your plate.

Here are five small business payroll services to compare.

Intuit Payroll

Inuit’s full-service payroll option covers basically everything. All you do is enter the hours to pay your employees for, and Intuit does the rest. In this case, “the rest” includes direct deposits, tax preparation, and even tax filing. The company also offers smaller options, which still manage payments, but which require you to do more work on the tax end.

Intuit also supports a wide range of secondary payroll features. You can add in health insurance contributions, 401(k) deductions, IRA payments, and other retirement plans. Pay period deductions can be modified with catchup payments for your older employees, as well.

Intuit’s options range from $25 per month to $99 per month, depending on how much handholding you’d like. All the options cost an additional $2 per month, per employee.

OnPay

OnPay is one of the newer payroll service providers on the scene, but reviewers and users have been happy with its offering. Like Intuit, OnPay can manage payments, payroll taxes, and can pay your employees by direct deposit or print-on-demand checks.

OnPay is geared toward the smaller end of the small-business spectrum. It lacks support for retirement and some other more advanced deductions.

OnPay costs $39.95 per month, and for that price you get ten employees. Beyond ten, you’ll pay $1 more per month, per employee. Direct deposit functionality costs an additional $8 per month.

Paychex Flex

Paychex is one of the biggest payroll processors around. The company claims that it “pays 1 in 15 US private sector workers.” Paychex Flex is the company’s online, payroll service option.

Paychex offers a lot of optional features. You can have checks issued, use direct deposit, or even use prepaid debit cards to pay your employees. The service can also administer retirement plans, do your taxes, and garnish wages when the IRS comes after your vice-president of sales.

Most reviewers have suggested that Paychex is best suited to companies with under 50 employees and it excels at managing complex payment systems, like if your business spans state lines. Paychex doesn’t advertising its pricing model.

Wagepoint

A relative newcomer, Wagepoint is a simple, clean option for small business payrolls. The company offers automatic deductions for 401(k) contributions, health insurance, and union dues, along with a whole host of other options.

Wagepoint has been adding new features along the way, so the service of 2016 may look very different from the service of 2015. I met the folks who run the show at a conference in New York earlier in 2015, and I was very impressed.

The CEO told me that in the first days of the company’s operation, they experienced a glitch which resulted in some employees being mispaid at one client company. To make things right, Wagepoint paid the employees of the affected company out of its own pocket. That’s how you respond to a customer issue.

Wagepoint costs $15 per pay period, plus $2 per employee, and is running smooth and glitch free, these days.

ZenPayroll

ZenPayroll lets your employees enter their own information when they join the business, saving you the manual data entry. The one last hurdle – removed. ZenPayroll also allows your employees to donate to charities and they’ll get neat little explanations of their pay breakdown on each paystub. It’s cool.

In addition to the self-onboarding process, employees get a login once they’re added in the system. They’ll have access to their own paystubs from any internet device, they can manage charitable contributions, and they can update their tax withholdings.

It also offers the usual stuff – direct deposit, taxes, etc.

ZenPayroll is $25 per month, plus $4 per month, per employee.

Final thoughts

Like most business software, payroll services aren’t black and white, good and bad. Depending on the size of your business, your payment frequency, and the number of benefits you offer, you’re going to have very specific best options.

If you need more, check out Capterra’s full payroll software directory. We can point you in the right direction, and get you spending more time on growing your business.

Image by Abby Kahler

Looking for Payroll software? Check out Capterra’s list of the best Payroll software solutions.



#business management

#

Undergraduate Study

This course asks you to reflect critically on what you learn about business, to challenge received wisdom, and to think for yourself about the theories you encounter.

There s a specialist approach to Business Management at Keele which distinguishes it from traditional business studies. It emphasizes independent thinking, and examines those places where business comes into contact with social-scientific and philosophical disciplines. You ll explore concepts and debates in organisational behaviour, accounting, marketing, and human resource management, including decision making behaviour across the private and public sectors. You ll learn to reflect broadly on situations and to contextually apply what you know. This dual honours programme could be very successfully combined with law, human geography, finance, politics or psychology.

Dual Honours

Below is an indicative range of modules you could study as part of dual honours Business Management.

First year

  • Management in Context
  • Introduction to International Business
  • Foundations of HRM
  • Marketing Principles

Second year

  • Organisational Behaviour
  • Social Theory at Work
  • Operations and Quality Management
  • Critical Perspectives on Management
  • Research Operations and Quality Management
  • Corporate Governance and Social Responsibility
  • The Practice of Professional Management

Third year

  • Business Strategy
  • Leading Change and Entrepreneurship
  • Contemporary Issues in Management
  • Identity Culture and Organization
  • Comparative Business Cultures
  • International Business Strategies
  • Management, Organisation and the Media
  • Managing Diversity
  • New Business Plan Independent Study Project (ISP)

In addition to the elective modules listed in the table, students may choose to study modules which are offered as part of other programmes in the Management School, the Faculty of Humanities and Social Sciences or from across the University.

Course workload

This contact time measure is intended to provide you with an indication of the type of activity you are likely to undertake during your programme. The data is compiled based on module choices and learning patterns of students on similar programmes in previous years. Every effort is made to ensure this data is a realistic representation of what you are likely to experience, but changes to programmes, teaching methods and assessment methods mean this data is representative and not specific.

Undergraduate courses at Keele contain an element of module choice; therefore, you will experience a different mix of contact time and assessment types dependent upon your own individual choice of modules. The figures below are an example of activities that you may expect on your chosen course by year/stage of study. Contact time includes scheduled activities such as: lecture, seminar, tutorial, project supervision, demonstration, practical classes and labs, supervised time in labs/workshop, fieldwork and external visits. The figures are based on 1,200 hours of student effort each year for full-time students.

  • Scheduled learning and teaching activities 20%
  • Guided independent study 80%
  • Scheduled learning and teaching activities 19%
  • Guided independent study 81%
  • Scheduled learning and teaching activities 19%
  • Guided independent study 81%

Skills and Careers

What will this mean for my future?

You ll graduate as a confident, analytical thinker a skill very much in demand among employers. You ll be interested in this course if you d like to pursue a career in management or self-employment. You could choose a career in the commercial, public or charitable sectors. With or without further study, you might eventually work as a management or IT consultant, investment analyst, chartered management accountant, banker, financial advisor or statistician, or in the civil service or in marketing or sales.

Codes and Combinations

Codes and Combinations

Students are candidates for the degree of Bachelor of Arts (with Honours) (BA Hons) if their two Principal courses are in humanities and/or social science subjects.
All students who study a science subject are candidates for the degree of Bachelor of Science (with Honours) (BSc Hons).

can be combined with:

For overseas students who do not meet direct entry requirements, we offer the opportunity to take an intensive International Year One in Business and Management leading to second year degree entry.

Single Honours, Major and Foundation course information

Business Management with Foundation Year: N7L3 View KIS Stats

Full Unistats data is available at unistats.direct.gov.uk (opens new window)

Study abroad

For those taking a dual honours course it may be possible to choose an International Year as part of your degree resulting in a 4 year course.

On the Business Management programme you have the opportunity to spend a semester abroad in your second year studying at one of Keele s international partner universities. Exactly which countries are available depends on your choice of degree subjects. An indicative list of countries is on the website Partner Universities however this does not guarantee the availability of study in a specific country as this is subject to the university s application process for studying abroad.

No additional tuition fees are payable for studying abroad but you do have to bear the costs of travelling to and from their destination university, accommodation, food and personal costs. Depending on the destination you are studying at additional costs may include visas, study permits, residence permits, and compulsory health checks. You should expect the total costs of studying abroad to be greater than if they study in the UK, information is made available from the Global Education Team throughout the process, as costs will vary depending on destination.

Accreditation

Please note the following:

Module selection: Students should note that to be awarded the above accreditations they must select to study and pass the modules as shown in the table provided in Annex A of the Course Information Document. If not all modules are passed then exemptions may be reduced. In the case of CIMA exemptions it should be noted that a minimum mark of 35% must be obtained on all assessments for a module (as well as an overall module mark of 40% minimum) otherwise exemptions may be restricted.

Study abroad: Because studying abroad has potential implications for the above accreditations of the Accounting Dual Honours degree students wishing to Study Abroad must discuss this in advance with the Keele Management School Study Abroad tutor to identify and agree whether any supplementary teaching will be required to ensure their eligibility for these accreditations.



#innovative business ideas

#

  • Al Shirawi: Entrepreneurship combined with innovation will lead the emirate’s economic growth in the future
  • Bin Bishr: The creative ideas presented support Dubai’s transformation to a global smart city leader

Dubai, UAE: Innovative business ideas of three budding entrepreneurs were awarded by Dubai Chamber of Commerce and Industry at the conclusion of the Dubai Smartpreneur Competition launched in cooperation with the Smart Dubai Office. The award ceremony was held on the side-lines of the ArabNet Digital Summit 2016 closing at Madinat Jumeirah on Tuesday.

The first prize was presented to Sebastian Stefan for his idea LoadMe focusing on reducing traffic through GPS tracking and smart phone apps and the second prize went to Craig Muyambo for his idea Efhamni (Understand Me), an application designed to bridge the gap between deaf and hearing people while the third prize was bagged by Murshed Mohamed, for his idea “I Want” which is an on-demand platform that helps people buy anything on retailers’ shelves with the push of a button.

The prize cheques were presented by H.E. Majid Saif Al Ghurair, Chairman, Dubai Chamber, and Dr. Aisha Bin Bishr, Director General, Smart Dubai Office, in the presence H.E. Hisham Al Shirawi, 2nd Vice-Chairman, Dubai Chamber, and Head of Tejar Dubai Selection Committee Panel, H.E. Hamad Buamim, President and CEO, Dubai Chamber, and Essa Al Zaabi, Senior Vice-President, Institutional Support Sector, Dubai Chamber, and General Coordinator of Tejar Dubai.

In his keynote address, H.E. Hisham Al Shirawi lauded the efforts of the participants in presenting creative and innovative ideas which he said not only support the emirate’s entrepreneurship growth strategy but also Dubai’s efforts in offering smart and innovative services to the business community.

H.E. Al Shirawi further stressed that entrepreneurship and innovation are the bases on which the future growth of the emirate’s economy rest and the participants were quick enough to adopt the concept to base their ideas on the emirate’s innovative strategy of offering smart services.

He also stressed that the winners will now join the Tejar Dubai entrepreneurship development programme launched by Dubai Chamber, which provides the necessary training and guidance to the owners of the ideas to turn their creations into viable commercial projects.

On her part, Dr. Aisha Bin Bishr, Director General, Smart Dubai Office, said: “The competition provided a fitting platform for innovative individuals to think out of the box and come up with fresh ideas which are also in line with the dimensions of the objectives of the Smart Dubai initiative and will go a long way in supporting the emirate’s transformation to a global smart city leader.”

Launched by Dubai Chamber in cooperation with the Smart Dubai Office, the Dubai Smartpreneur Competition is designed with the aim to provide upcoming entrepreneurs the opportunity and inspiration to be part of Dubai’s transformation to a global benchmark smart city.

The competition received 350 entries out of which 48 qualified in the second phase last week and attended two full day workshops on sector-specific training from experts in the field while 10 were shortlisted in the final phase to select the three finalists by the committee of judges at its closing ceremony on Tuesday.

The specialised committee of judges included Ayesha Sultan, Board Member at Smart City – Dubai Holding, Abdulla Ali Al Madani CEO, Corporate Technology Support Services Sector Roads and Transport Authority, and Saeed Alabbar, Director at AESG and Chairman of the Emirates Green Building Council, who assessed the presentations of the 10 shortlisted participants for their innovative ideas before selecting the three winners.

The first three winners get a cash prize and the opportunity to join Tejar Dubai entrepreneurship development programme for a year which will help them turn their business ideas into reality. The competition was open to all UAE-based entrepreneurs and required them to submit their business ideas in line with the Smart Dubai dimensions including smart economy, smart living, smart mobility, smart governance, smart environment, and smart people.

All applications were evaluated based on the following criteria including the problem the business addresses in a large or growing market opportunity, if the idea has a value proposition and identifies customers’ need for the product or service in line with the market and competitive landscape and if it supports one of the Smart Dubai dimensions.

Also, if the team demonstrates passion about their idea, and if they have a thorough and credible execution plan along with the idea’s Business Model, its revenue generation methods as well as its financial growth projections.



#small business advice

#

Quality face-to-face advice from Small Biz Connect – NSW Small Business Commissioner

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Quality face-to-face advice from Small Biz Connect

Small Biz Connect is a quality, personalised and highly subsidised business advisory program for small businesses in NSW.

Through the program, you can:

  • Get expert advice on managing your small business
  • Access face-to-face support
  • Develop key business skills

Small Biz Connect is funded by the NSW Government and will link with other business support services such as the Commonwealth Government’s Entrepreneurs’ Infrastructure program, as well as initiatives of Local Government and private enterprise.

Whether you’re just starting out, want to expand your business or are ready to retire, take the next step with Small Biz Connect.

Please call 1300 134 359 or download the Business Advisor Locations in NSW (PDF 1.4MB)to make an appointment with your local advisor.

Progroom’s story

Every day Small Biz Connect works with small business owners to assist them to achieve their goals through personalised, in depth support.

This video tells the story of the journey of southern-Sydney based small business, Progroom, and explains how working with a business advisor helped them set out a clear path for getting their business to where they want it to be.

Progroom’s story is a shining example of how small businesses can really benefit from the Small Biz Connect program.



#car wash business

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Car Wash Business Plan

Executive Summary

Soapy Rides is a prominent hand car wash serving the East Meadow, Long Island, NY community. Soapy Rides will be run by Mark Deshpande, of the prominent Deshpande family. The Deshpande family has been serving the Long Island area with a car repair business and property development /management for over 30 years. Mark will be leveraging the incredible good will and brand recognition of the Deshpande family name to quickly gain market penetration.

Soapy Rides will be providing customers with three services: exterior car washing. interior cleaning, and detailing. Soapy Rides has no true competitors that are trying to offer a high quality service for a reasonable rate. Most are trying to compete on price alone. Soapy Rides’ ability to provide a high quality service, both in regards to the actual washing as well as customer service is all based on their ability to find the best employees. Hiring the best employees is cost effective because it decreases HR costs associated with turnover and other employee costs. Hiring the best employees and making sure that they are well taken care of ensures that they in turn take care of the customers. Study after study proves that a happy employee is far more likely to provide the highest level of customer service compared to an employee who is not happy and feels that they are being taken advantage of.

Soapy Rides will target three main groups of customers: individual car owner and leasers, car dealerships, and local businesses. The surrounding area is quite affluent, 40% of the residents earn over $70,000 a year. Consequently, they have nice cars and want them to look nice. There are five different car dealerships within a three-mile radius which will require car washing services for the various fleets. Lastly, there are many different local businesses that have company cars and that require clean appearances.

The strength of Mark’s experience and his family’s name equity and assistance is Soapy Rides’ competitive edge as well as a significant asset. Mark has been involved in the family’s car repair business for the last ten years. He has worked his way through the organization and has been the manager for the last five years overseeing operations of $1.2 million annually. Before the family venture, Mark received his MBA from Cornell University. With 30 years invested in the community, the Deshpande family name has generated significant value as a fair, active member of the community. Lastly, Soapy Rides will be able to leverage several of the Deshpande’s for their business expertise.

Soapy Rides is positioning itself as the premier hand car wash serving the Long Island area. Mark has forecasted a 20% market share. The business will generate a very high gross margin and a modest net margin after year one and comfortable margin after year three. By year three the business will have developed a respectable yearly net profit.

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1.1 Objectives

The objectives for Soapy Rides Car Wash and Detail Service are:

  1. To be viewed as a premium car wash and detail service in East Meadow.
  2. Maintain a very high gross profit margin.
  3. Maintain a modest, steadily growing net profit margin.
  4. Expand to two locations after third year of operation.

1.2 Mission

The mission of Soapy Ride is to provide top-quality washing and detail service for luxury car owners in East Meadow, NY. Soapy Rides will work to keep employees satisfied in order to maintain impeccable customer service.

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#car wash business

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Car Wash Self-service Business Plan

Company Summary

Auto Paradise is a dynamic start-up company that will provide exceptional car care services to the members of the San Angelo community. Quality services that exceed expectations will establish Auto Paradise as the premiere car wash service in San Angelo, Texas. It will provide that following products and services to the local community:

  1. Two Laser Automatic “touch-free and spot-free” car wash bays
  2. Four “self-serve” bays
  3. Vacuum and car wash vending services
  4. Reverse osmosis drinking water.

Auto Paradise will establish its first location one lot from the intersection of Avenue N and Byrant Avenue, which are two of the busiest streets in San Angelo. The lot faces Avenue N and will be accessible from two sides. The ATM and RO dispensers will be accessible from a side road and will not interfere with the car wash traffic.

The facility will have two automatic car wash bays, four self-serve bays and an equipment room/office in the middle of the bays. It will also have four high powered vacuum islands (eight total vacuums), vending area, and an ATM/RO water area.

2.1 Company Ownership

Mr. Lewallen will create Auto Paradise as a Texas C corporation based in Tom Green County. Mr. and Mrs. Lewallen will be the majority owners (80%) with principal investors owning the remaining 20%. As of this writing, it has not yet been chartered and Mr. Lewallen is still considering alternatives.

2.2 Start-up Summary

Total projected start-up expenses (including construction, equipment, land, landscaping and related start-up expenses) come to $934,100. The start-up costs are to be financed by direct owner investment and long term financing.

A. Investment Options. Auto Paradise will open approximately 90 days after securing financing. Mr. Lewallen is offering several ways to invest in Auto Paradise:

  1. Company stock: Mr. Lewallen is offering 20% of company stock to investors. Auto Paradise is offering 1% of company stock for $7,500. Capital will help establish the first Auto Paradise location and provide “head start” on the second location. Auto Paradise plans to distribute $2,500 per 1% share each of the first three years.
  2. Secured Investment: Mr. Lewallen is offering a guaranteed 10% return for a three year investment. Mr. Lewallen is willing to secure these investments with personal assets/investments.

B. Financing. The SBA loan that Mr. Lewallen will secure from the SBA is structured to ensure Auto Paradise’s success during the early months of operation. The $740,400 loan includes two elements designed to help build operating capital. First, the loan includes a 10% ($69,000) construction contingency that will convert to operating capital if the construction costs are consistent with the estimate. It also includes 9 months of interim interest which will defer the long-term mortgage payment for 9 months (6 months of operation).

C. Land. Auto Paradise is in the process of securing a lot near (one lot from corner) the intersection of Bryant Ave. and Avenue N, which are two of the busiest streets in San Angelo. The lot will be 165′ along Avenue N and 175′ deep. The purchase is pending the results of a phase I environmental inspection, which is expected to produce favorable results.

D. Construction. Getting a firm construction bid is the next step in the process after securing the initial investors. The architect plans and an actual bid will be the last elements necessary to secure bank financing. The estimates included are from previous projects and are considered generous (on the high-side). The estimated $390,000 includes total construction costs for two automatic and four self-serve bays, parking lot, signage, landscaping and architect fees.

E. Construction Contingency. The 10% construction contingency will cover any unexpected expenses or shortfalls. This may be re-negotiated as a “line of credit” in order to reduce the amount of the loan.

F. Equipment. Washing Equipment of Texas (WET) has provided a detailed estimate for the purchase and installation of the equipment for two automatic bays, four self-serve bays, four vacuum islands (eight vacuums) and a reverse osmosis water dispenser. WET, which is located in San Angelo, will also provide all maintenance and repair services.

The assumptions are shown in the following tables and chart.

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