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Posts sent in: September 2014

Business statistics for the average businessman or the small company doesn't appear to have much bearing. Business statistics can basically be divided into general areas being financial and market. With business statistics your business can grow and avoid dangers while you operate under the market and thus ensure your survivability in the long run. Most businesses fail as a result of their failure to understand business statistics and how to implement this knowledge to their activities and strategies.

and if we expand from there..

Could the bear market rally in stocks be over? After all, the Dow Jones Industrials suddenly fell 166 points on Friday. Last Friday was a wake-up call for investors and traders getting too cocky with this market. Stocks don't go up in a straight line week after week (as has already been the case for most of December 2010 and this January).

While I need to view more action from the stock market before I throw in the towel on the bear market rally that started in March of 2009, I doubt the rally is over. This week opens with the Dow Jones Industrial Average up 2.1% for 2011.

Financial data also covers long term data such as inflation rates. This is a most important statistic for it shows you how your money, whether it be in dollars or otherwise, becomes weaker as the years and months progress. It means that what used to cost one dollar will now cost one dollar and ten cents, for example if the inflation rate in your own country is ten percent.

Market data on the other hand deals with items such as the Dow Jones Index and the NASDAQ. The Dow Jones index is a measurement of the top 500 companies in America and how they're doing. Thus it is a measurement of confidence for these top performing companies. It is fundamentally a benchmark of the way in which the economy is doing based on how the market is doing. Thus if the index is high it implies that the market is doing well, and if it falls it means it is not.

The NASDAQ on the other hand measures around thirty to two hundred companies that play a role in the technology sector. Thus like the Dow Jones it serves the same purpose. The NASDAQ shows the relative performance of key actors in the technology and science field or sector.

Admin · 7924 views · Leave a comment
25 Sep 2014

My credit union has a Board of Directors that we vote to uphold various practices of our credit union. Every year, there are elections and those who live, work, go, or worship to college in our county are the only people who can run for 'office'. In other words, they have to get a vested interest in our community.

This means that in order for a business to continue operating, the fiscal aspect of the work plan must be realistic. Most businesses don't generate a profit in the initial year. In fact, it could take two years or older before this occurs. Entrepreneurs should carefully review their entire plan to make sure their expectations are realistic.

The financial side of the work plan should be established with the outlook of increased costs over a minimum of six months. Taking this step (and noting it in the financial plan) can help avoid underfunding of liabilities.

The Board chooses where new branches will be opened, what the rates will be for various loans & credit cards and which programs the credit union will support from community services to financial planning.

So, the long and short of it is precisely this-with banks teetering on the verge of losing all the confidence of a company that is sick of bailouts, I highly recommend that you look to the credit unions in your communities. Start enjoying the rewards of lower rates, higher returns and financial security.

Admin · 8259 views · Leave a comment
24 Sep 2014

Writing a business plan is important in order to many reasons. The primary justification for having taken the time to write a solid plan for a business is intended to ensure that a well-researched plan of action is clarified. The research and thought involved in compiling a plan guarantees that a company is starting with a complete understanding about competition, marketing, operational, legal and fiscal considerations.

Admin · 8585 views · Leave a comment
19 Sep 2014