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what’s In A Name – Just Your Business Survival!

Business SurvivalWhat’s so important about how I sign my name?”

I get asked that question all of the time from my business consulting clients.

I tell them that a better question to ask me is this:

“Who cares about how I sign my name?”

The answer is a simple one.

NOBODY.

FINE PRINT: Except… your customers and clients, your creditors, your bank, your mortgage company, your landlord, the I.R.S… oh yes… and anyone else that wants to SUE YOU (and don’t forget ALL their lawyers!).

As in many areas of the law, the exception to the rule swallows up the rule!

What do I mean by this?

Well, let’s start with some basics. For instance, if you’ve already formed a corporation or limited liability company (LLC), you may think that you’re already protected from personal liability in the event of a lawsuit against your business.

In general, the rule is that a corporation or LLC, if formed correctly, and if all of the formalities required under the law of the State where the entity was formed are followed, does protect you from personal liability for business debts and lawsuits.

FINE PRINT: Except… when you choose to do business as an individual, and not as the corporation or LLC that you initially formed.

You see, whenever you sign documents like contracts, purchase orders, contractual agreements, leases, loans, mortgages, promissory notes, and most other legal documents involving your business, you need to make sure that you sign your name only in your business capacity.

You MUST avoid signing your name in your individual capacity.

And how do you do that? It’s pretty simple. You see, the format that you use to sign your name is the controlling factor.

In many cases, you as the business owner, sign your name without knowing how to properly sign your name to business documents. In fact, most business owners of corporations and LLC’s still sign legally binding agreements in their individual capacity…and not as the business.

SIGN AS AN AGENT OF YOUR BUSINESS

If you have formed a corporation or an LLC, you must remember to sign all contracts, agreements, invoices, etc… as an agent of the business.

For example… Many business owners haphazardly, or perhaps inadvertently, sign legal documents like the format shown in

EXAMPLE 1 below:

EXAMPLE 1

(signature)
————————
John Doe

“But what is the consequence of signing my name like in EXAMPLE 1 above to invoices, agreements, or documents?”

EXAMPLE 1 and the above signature format legally establishes that YOU have signed the contract, invoice, loan, or agreement as an individual.

And not as an agent on behalf of your business.

If you sign your name to agreements in the form depicted in EXAMPLE 1 above, YOU could very well be liable personally to meet all of the terms of the agreement.

And you likely don’t want to do this!

Why Simply out, because you’re therefore subjecting all of your business assets and personal assets as well to the risk of a lawsuit.

If you sign agreements as depicted in EXAMPLE 1 above, YOU will very likely be named personally, as well as your business, in any lawsuit filed against the business.

Remember then:

Signing your name like in EXAMPLE 1 above DOES NOT establish that you have signed the agreement as an agent on behalf of your business.

“Okay. So how should I sign my name to my invoices, contracts, leases, loans, or any other business agreements?

What simple step can I take to protect my business, and my personal assets as well?

SIGN DOCUMENTS ONLY AS AN AGENT OF YOUR BUSINESS

Make sure that you only sign legal documents, letters, memos, invoices, loans, leases, etc… as an agent of your business.

How must I sign my name to any legal document or agreement to show that I am signing only as an agent of my business?

Follow EXAMPLE 2 below:

EXAMPLE 2

ABC CORPORATION, INC.

(signature)
———————————–
BY: John Doe
President (Company Title)

If you sign your name on the dotted line following the exact format depicted in Example 2 above, you legally establish that you are only signing as an agent on behalf of the business…and not in your individual capacity.

But you MUST follow the Example 2 precisely.

CAVEAT: Another very important point on this topic.

AVOID SIGNING documents that state “PERSONAL GUARANTY” on them.

A Personal Guaranty is usually a separate legal document attached to the main agreement. You generally see a Personal Guaranty in a loan, mortgage, or lease. However, sometimes a Personal Guaranty can be established just by the way you sign the legal document, invoice, lease, or agreement.

How?

Simple. If the agreement merely has a signature line that has your individual name on it without any reference to your business name, you are signing the document as a Personal Guaranty. You are therefore personally liable for that agreement if you sign the agreement with such a signature line.

But, what do I do if I am being required to sign a Personal Guaranty, like for a business loan or commercial lease for example?

If a Personal Guaranty is required, you or your lawyer should negotiate a limited period of time (the shortest possible) that the Personal Guaranty will bind you as an individual.

Remember, if you formed a corporation or LLC in the first place, you did it to avoid personal liability and to protect your personal assets. Anyone who does business with your company should, and usually does, know this. So, be careful. Other possibilities can be negotiated too. Just do your best not to sign in your personal capacity by signing a Personal Guaranty.

It’s important to remember to only sign legal documents, invoices, and even letters as an agent of your business. (Follow the format found in EXAMPLE 2 above).

How else can I make sure that I am signing my name properly to all of my business documents?

Call your attorney to review all of your agreements, invoices, leases, and legal documents BEFORE you sign them. Your attorney will offer sound advice that protects YOU, your loved ones, and your business.

Now, let’s review.

What’s in a name?

Well… besides your business…

…it could be all of YOUR personal and family assets!

The best advicve especially in the midst of tough economic times or a Recession, is to have any document you sign first reviewed by your lawyer or business consultant.

Copyright (c) 2008. Miguel Mendez, Jr. All rights reserved.

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Good Business Habits

Business HabitsLet me tell you straight, you cannot be a successful business person if you don’t have good business habits. Below I have listed a few habits that you should be doing if you wanted to be a successful business person!

1.) Are you committed to every business you have?

Opening a business is easy but maintaining its operation will take a lot of you time. Will you be available in creating marketing plans and promotional materials? Business without marketing plans is suicide. Once you start a business, put every attention to it. Don’t let your employees manage it. Take note of this, you are the only person who has vision for its success so its only you who can make it
grow.

2.) Are you continuously searching for opportunities?

Business people don’t just stick on 1 or 2 business. A business person always searches for more business opportunities. They are not mediocre. They don’t want stable business but rather a growing one. Always search for new ideas to pursue.. A business person has a vision for numerous income streams for profits!

3.) Do you think positive about you business?

A business person don’t pursue a business to which he/she doesn’t feel positive about. Once you start a business, don’t fill your mind with any negative thoughts. Problems may come your way but it will always have a solution. Business people don’t think of failures, always success behind every problem.

4.) Do you share the business vision?

You can’t survive on your own. You may be skillful at some point but it can’t make you very successful. A business person shares a business vision, to someone else, to a possible business partner. If a single business person can earn $1000 a month, then 2 person can earn $2000 a month. Simple logic but its reality. You can earn more as long as you share same vision with someone else.

5.) Do you delegate tasks?

Normally, every business person only thinks of opportunities and its corresponding marketing campaigns. It will not be healthy if the business person will also do the action of implementation. He will be dead meat if he/she will put every burden unto their shoulders. In fact, employees purpose is to put every plan into action, right?

6.) Do you create a good public image?

People are very sympathetic. They support the business whom they like the owner. Whether you like it or not,if people like your attitude and way of doing business, they will support you. But if you look like a bad boy or a person who looks down and criticizes people, believe me, you will loose every customer you’ve got!

Start creating a good public image. Help support the community where you belong. Extend some help to those in need. Don’t act as if what’s the only thing important to you is your profits and earnings. Make the public see that you care.

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Ways To Finance Your Vending Machine Business

Business MachineWhen starting a business, theres that one big wall that block your way, and thats your startup money. Without money to fund your business, there will be no business at all. So how and where can you get money? Read on to get some ideas on where you can find funding sources for your vending business:

Home Equity Loan
Most people immediately think of getting a standard business loan when thinking of financing a home business or business startup. While this may be appropriate, do not fail to consider using your home as a bank.

Small Business Administration Loan
Banks administer this loan and are more favorable to this type than a standard bank loan because they are only liable for 15% of what they loan (the government carries the other 85%). There are a number of types of documentation required with this loan, but it is certainly worth the trouble if you are willing to follow the process.

Standard Bank Financing
This financial source is probably the most difficult, yet not impossible with good credit and some net worth. Banks typically do not look favorably at vending machine loans and consider them risky because they are not considered a fixed asset.

Invest Your Tax Return Money
For a lot of people, April 15th is bonus time every year as they receive tax returns with earned income credit and deductions for kids. You can use this to slowly build your vending business. Its a great, safer way to build your business.

Family Loan
In some cases, a family member may be favorable to loaning you the money for starting your home-based business. While there may be relationship risks to this setup, it needs to be considered as an alternative to standard business financing. Some family members would rather invest in your business vision and draw a little interest rather than lending it to a bank at 2-3%.

Sell Items You Dont Need
If you badly need to create an income steam, opt for this least popular fund source. How about downsizing your car and investing the money in machines? Why not have a huge yard sale to raise $500-$1000? Why dont you downsize your home and invest your profits in the business? All of us have some money around us in our life that we could put to work.

Lease Purchasing
An option to getting into the vending business is to make an offer to buy an established vending route by lease-purchasing. You agree to lease the route from the seller with an option to buy at the end of the lease period. You invest your profits from the lease period into the purchase of the business or you can continue leasing for the cash flow you are receiving. Remember to get legal help in setting up any contractual agreement like this.

Owner Financing
Not that always easy to find but dont let it stop your from asking the seller of a vending route for it, especially if you have some money to put down.

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Powerful Methods To Stay Successful In Business

Successful BusinessIn business, achieving success is merely half the battle won. The other half? As many veteran businessmen would agree, sustaining success  staying on top of your game and on top of THE game  is the more difficult part of owning and operating a commercial enterprise.

Case in point: flash-in-the-pan businesses are a dime a dozen these days. Overnight successes are stories that are quite commonplace. But businesses that last for years, if not decades? Alas, theyre rarities in this day and age!

The goal isnt merely to succeed in business. The goal should be to remain successful in business.
Here are 5 powerful principles to live by if you want to achieve such a goal:

1. Believe in your business. Your business is bound to encounter many challenges and many tribulations along the way. Some of these trials would be grave enough to make you consider quitting. But should you? Remember: if you dont believe in your business, if you dont believe that it can succeed, then why should your prospective customers believe that your business is the right choice for them? Your faith in your business will go a long, long way in pushing it to reach its fullest potentials.

2.Find satisfaction in what youre doing. If you do not find contentment in what youre doing, then its just a matter of time before you give up on your business. Fulfillment can be attained in so many ways. If you cannot find that sense of fulfillment from your business, its either because: a) youre not looking hard enough; or b) youre looking at the wrong place. The smallest victory can be a cause for celebration. And the tiniest of triumphs can even provide the biggest kind of satisfaction.

3.Make your customers satisfaction your primary goal. Profit is good, but it shouldnt be the driving force of your business if you want your success to last. The happiness of your customers should be your paramount concern. Remembers, happy customers are customers for life.

4.Strive to improve your craft and your trade. Never rest on your laurels. Always try to be the best you can ever be when it comes to the things you do for a living.

5.Have fun! They say that the best kind of moneymaking opportunity is one that you enjoy doing. If you will find such a business, then youve hit the jackpot. Now, no one said that this jackpot cant be created. You can find enjoyment in what youre doing. Even if the business wasnt born from a hobby you once nurtured, you can still find ways by which you can make it very exciting and very enticing for you. Your enthusiasm for your business will eventually show in the products you will deliver.

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Different Strategic Levels In A Business Organization

Business OrganizationA business strategy defines the direction in which a business will take in the future. The business organization tries to achieve an advantage over the competition by the configuration of its resources within a confronting setting so that the needs of the market are met and the expectations of its stockholders are fulfilled. This is the overall definition of a business strategy. This focuses a business organization on which market it should engage in and the activities that are needed to compete in that particular market for the business to grow.

In making a business strategy, the planners need to determine how the organization can outperform its competition in a particular market niche. These are the advantages of the company which it needs to utilize, in order to gain the upper hand. In this connection, the right resources that the company can utilize should be gained, in order to maintain its competitive advantage. These resources will include the skills, various company assets, relationships, facilities and technical competence. As an organization plan how to manage its resources, it should also take into consideration the environment in which it is to operate. These are the external factors which can have an effect on the ability of a business organization to compete. Furthermore, the hope and values of its stakeholders should also be taken into account on the overall business strategy.

Though there is an overall strategy which a business organization enforces, there are different levels in a business setting where particular strategies are implemented. First there is the so called corporate strategy. In this particular strategy level, the focus is on the overall purpose and coverage of the organization to meet the expectations of its stockholders. This is crucial to the company since it has a great influence on its investors and guides the strategic decision making all through the company. A corporate business strategy is posted for all to see in the mission statement of a company.

Next in importance to the corporate strategy would be the business unit strategy of a particular business organization. A business unit strategy is mainly concerned with how a business can compete in its chosen market niche. The decisions which are the focus of attention in a business unit level are about meeting the needs of its costumers, choice of products, gaining advantage on the competition and the creation and exploitation of new opportunities.

The next level of business strategy which a business organization focuses on is the operational strategy of the company. At this level, the focus is on how each segment of the business can be systematized so as to give the direction to the business unit strategy. The consideration is on processes, people, resources and other such concerns. Various business organizations have their own strategies which they see are most advantageous to the company. They each implement safeguards to guarantee that strategic goals and objectives are met and vigorously implemented and followed by each member of the team.

Strategy – Probably The Most Overused And Misunderstood Word In Business

How many times have you heard someone talk about successful business strategies or ‘taking a strategic approach’? What do you think they actually mean by the use of the word strategy? Most often the people using it are trying to convey the fact that they have given the subject a bit more thought than usual, that they have looked a little further ahead than normal. If a consultant uses it be very wary. Strategy costs more than mere ideas or tactics. How much would you pay for consultants who have’ kicked around a few ideas’ or ‘come up with some tactics they think might work’. Depends how good they are. But if they come back with ‘strategic business advice’ you expect it to be very good and of course very expensive.

Why expensive? Because you would hope that a consultant or colleague would have used some kind of intellectually robust framework, that they would have tested their assumptions and developed more than one solution which they evaluate rigorously before making their strategic recommendation. This takes time and expertise and both are expensive. Let’s assume they have done all of this – does that make it strategic business advice rather than tactical advice?

Not according the dictionary. The dictionary definition of strategy is very clear and military. It defines strategy as “the art of war – disposing troops etc in such a way as to impose upon the enemy the conditions for fighting (time and place) preferred by oneself”. If we accept business is in effect a war – you develop successful business strategies because you define success as beating the competition – there is no reason why this definition of the overused word, strategy, is not appropriate for business strategy. It requires all that planning and testing of assumptions discussed already. Some kind of robust intellectual and very honest framework will certainly help to develop and evaluate options. Even the lazy use of the word strategy – giving it a bit more thought and thinking ahead – would be implied by the military, dictionary definition. But there is an extra dimension to real strategy. It requires you to do all this and come up with something that changes the rules in your favour – in other words it requires creativity.

And there is one other aspect to this more demanding kind of strategic thinking. It is about people and their behaviour. In order to ‘deploy the troops’ and change the rules you have to understand how people tick. If being creative involves changing behaviours then you have understand how those behaviours were formed in the first place and how they might be changed if you want a successful business strategy.

Before putting the dictionary away (the definition of strategy above was taken from the Oxford English Dictionary) just go forward to tactics. You will discover that the definition is exactly the same as for strategy with one addition. Tactics involves the all-important stage of implementation, putting the strategy into practice. So it turns out that far from tactics being less weighty and valuable than strategy they are actually the most valuable thing of all. A sound strategic plan that is successfully implemented includes, indeed demands, tactics.

The use, and overuse, of strategy in business is more often than not pretentious over-claim by people who do not really understand what they are talking about. It certainly does not mean giving something a bit more thought or thinking a bit more long term. It absolutely demands a thorough and honest assessment of your assumptions and your options. At the risk of being melodramatic, sloppy thinking in military strategy costs people their lives. In business it just wastes time and money. Strategic thinkers will of course use frameworks based on their experience. They will break a problem down so they can think about each component of it but they will look to change the rules not just apply them. And the true strategist understands that strategies are aimed at people and changing their behaviour. Their strategic business advice will be based on an understanding of human behaviour. Just as in war, a strategy does not just get the job done, it enables you to beat the competition, to deliver higher returns than ever before, to win and win big for the least expenditure of resources.

So whether you are undertaking a brand planning strategy, a new business launch strategy or any other kind of strategy remember what this really means and remember to include the tactics which are just if not more important. Then you can charge accordingly.

How To Start Your Own Business Wholesale Cufflink

Well, here you are. You have taken the first step in owning your own business. Congratulations! I would also like to thank you for purchasing this directory that will catapult your business with the necessary products, that are both fun and functional like fashion cufflink.

Being your own boss is fun. But it is also a lot of hard work. You get to call the shots. You decide how things will be run and when. Starting your own wholesale cufflinks business is a dream come true for a lot of people. You don’t need a big brick and mortar store anymore with the internet being so widely used.

However, a cufflink business plan is still a top priority. It doesn’t have to be real elaborate. Just something that will keep you focused on your goals. Maybe you want to stay home with the kids, and have a little side business that doesn’t require you to go out of your home each day to an office. Maybe selling products for an animal rescue group to get the needed money for the day to day expenses in saving lives, is what you want to do. Or maybe you have a special dog club that needs funds for all those activities.

Whatever it is, a business plan will still help you. Don’t neglect this part of the business. It all starts with an idea. Then keep adding to that. Get help
when you need it. When you feel like you are stagnating, it is probably becausc you arc not sure how to handle something. Remember, you are the boss, and even the boss can ask for help.

When I decided to compile and put these directories into distribution I decided how the layout would be. I wanted the type to be large, as 1 personally hate reading 10 point type, it is just too small. All the details fell to me. Did 1 ask for input when I got stuck? You bet!

I didn”t always follow others advice, but it got me thinking and I stayed on task.

Sometimes just leaving a project for a few hours and coming back to it later can give you a fresh perspective.

Try to think of the whole cufflink idea as fun. Yes, there will be things you don”t know how to do. So what. You can learn to do them. It all takes time. In fact, sometimes, thinking things over can help you eliminate a lot of problems. Don’t feel like you need to have the whole business up and running today. Set yourself some small goals to work toward, and use that as your guide.

Before long, everything will be finished and your business will be ready for its first customer. When that day comes, celebrate!

Getting Organized

The best time to get your office organized is right now, before you even start your business.

It makes your productively so much more efficient when things are organized. So I encourage you to get in the habit and start now.

The directory lists only one vendor per page. The reason is so that all orders and notes pertaining to that vendor can be recorded easily. It has a space for who you talked to at that company.

There is also a chart where you can list your orders with each vendor. How you paid for the order, and when it was received. Plus any special notes that you will find helpful. There is also a Master Copy included, that you can photo copy and continue the process once you fill the original chart. As time goes on, these charts will prove very valuable to you for comparing costs, not only for products but also for shipping costs, delays, back orders, how returns are handled, etc. But only if you take the time to fill them out.

File folders will also prove to be very helpful. Make a folder for each vendor and put your invoices into each one. Although most of these vendors are listed on the internet and have a website, some of them may also have a print catalog. If they do have a catalog, I encourage you to order one. These catalogs are useful in comparing products and you can do that while enjoying the fresh outdoors. No need to stay inside on those wonderful days.

After all, you are now your own boss and can do as you like. Put these catalogs into each folder as well.

This is also a good time to decide if any outsourcing will be done.

If you don’t like to do something, and you find that you put it on the back burner and it never gets done, those are the things to outsource. Maybe it”s taxes. Get an accountant to do that. Maybe it’s web design. Although that can be outsourced as well, you will benefit if you get some knowledge in how your website is set-up and how to make changes on it.

Having a separate checking account for your business is a good idea. Do it right from the start. If you are planning on using a credit or debit card, try to only use one. It makes keeping track of finances so much easier.

Also, be sure to follow all guidelines for resale numbers, wholesale business licenses, etc. Run your business like a professional.

Most of your shipping supplies can be obtained right from the post office. When shipping an order to your customer, putting a delivery confirmation on the box will insure that your package is tracked, right up to delivery.

Be sure to use insurance when shipping breakable products. Even with packaging well, breakage may occur. Follow through with your customer to remedy the situation and your customer will be happy with your “service after the sale”. A happy life-long customer is an asset to your business.

Sending updates to your customers, directing them back to your web-site on new arrivals, special offers, close-outs and upcoming holidays, will increase your bottom line. Make a habit of marketing your business. Set aside some time each week to think about advertising your business. Then do it.

To be successful, you need customers. Happy customers will spread the word about your business. Have a link on your website that they can send an announcement to a friend saying, “I thought you would like this site”. Wholesale Fashion Cufflink

Top Import And Export Products In China A Guide For Business Trends

China has one of the largest economies in the world. The nation also stands first in terms of its population. Due to its cheap labor cost, the country is known for its low cost and good quality products. Thus, numerous countries all over the world prefer to import goods from the country instead of manufacturing by their own. Therefore, China exports voluminous quantity of goods all over the world every year. Major industries contributing in its economy are manufacturing, clothing, and electronics. Most of these industries require high labor work. This is also a reason behind the nations unemployment rate that is 6.4 percent, much lower than the global average unemployment rate that is approximately 9.

Good quality and low cost products have played a major role to empower nations economy in the last decade. Now, China has a strong and growing economy. Due to its growing financial system, several global trading firms are focusing on the open business opportunities in the territory. To have an In-depth understanding of its market, import and export data has proved a useful tool in recent years. Now, many companies are analyzing business statistics of commodities dispatched and received in China to understand the market trends.

Import and export data contains useful records about business trends. It contains Imports and exports value and quantity. It also includes complete information about the sender and receiver, ports details where goods have been dispatched and received, manufacturer details, shipping cost, custom duty, lot size, shipping root and other information. It helps business companies to understand the countrys market and plan their strategies.

Let us have an overview of the nations top imported and exported products:

Top Imported Commodities
China is the worlds second largest importer. In year 2013, it received products for more than USD 1.90 trillion net worth from other countries. Top received goods were electronic equipment, oils, machinery, ores and medical apparatus. Apart from these commodities, fastest growing products were cereals, art and antiques, collector items, dairy products, honey, egg and meat, coffee and spices. Japan, United States, and Germany were the three big exporters. Japan, United States and Germany contributed around 8.3, 7.9, and 4.8 percent of total imports respectively.

Top Exported Commodities
China is also one of the biggest exporters of goods. In 2013, the country exported goods worth around USD 2.2 trillion. Top items in demand were electronic equipment, machinery, crochet clothing and accessories, furniture and lightening products, optical and medical apparatus, irons and steel, footwear and automobiles.

You can hire a data service provider to get the complete China Import Data. Due to high demand of business statistics, these days several firms are collecting and managing wide range of business records as their core function. These service providers collect business records from various sources. They validate, store, and manage these records efficiently in order to cater needs of their clients.

Data service providers are easily available on the Internet. They provide data on demand. They have online portals where you can download required information. On these portals, you can also filter, sort, and perform various other operations on stored records to get the useful business insights.

Sboeconnect 2.0 Revolutionized Way To Integrate Magento With Sap Business One

Are you a business owner using Magento e-commerce storefront for your online business and SAP Business One as your back office business solution or are you using SAP Business One to streamline your business process and planning to implement an integrated e-commerce storefront?

Do you ever deals with tons of web transactional data that are difficult to track by your back office staffs?

As a key decision maker of your small or midsize business, you always concentrate on growth. But rather you will find yourself dealing with silos of information, flood of customer, order, item, and inventory details that you have to manage. Manage your online business with your back office is the biggest hurdle which is tough and time consuming.

Well, the hurdle is over.

With the advent of SBOeConnect 2.0 all existing integration obstacles are over. With SBOeConnect 2.0 you can effortlessly connect your Magento e-commerce storefront with SAP Business One ERP Business Solution.

The real time integration process, SOA architecture and SOAP Data Exchange Format allows your back office employees a quick access to data, alerts and reports and e-commerce customers to get the most up-to-date information in the web. New adoption of SOA architecture and SOAP Data Exchange format will prevent all kind of data loss issues.

On the other hand using Magento web services API for data transfer will provide real time and smoother data integration between these two platforms.

Whats new in SBOeConnect 2.0?

1.Functional Enhancement which includes support for multiple websites and web stores from within SAP Business One. Simple, configurable, bundled and grouped products can be downloaded from Magento to SAP Business One. Also SAP Business One items can be promoted to Magento for online shopping.

2. Performance Enhancement which includes introduction of Magento web services API for integration in real time. Also many of the previous incomplete functionalities have been resolved like
Automatic creation of a new state if state is not defined in SAP Business One.
Any updates of product information in Magento will automatically reflect in SAP B1.
Download products from Magento to SAP Business One.

3.Adopting Service Oriented Architecture and using SOAP as data exchange format provides a smooth and safe data synchronization and eliminates the chance of any data loss.

4.The entire look & feel of the product has been revamped. This new look will provide the maximum usability to its users and provides an intuitive user experience.

Lets have a look at the main integration points:

1. Customer: – Web customer registration information, billing & shipping addresses will be entered into SAP Business One Business Partner Master Data. Any web updates will be instantly reflected in to SAP Business One.

Similarly new and existing business partners of SAP Business One can selectively be uploaded to the Magento web store and treated like a normal e-commerce customer.

2. Order: – Web orders placed by registered or guest customer will be transformed into SAP Business One Sales Orders. Payment Information, tax code and amount, shipping method and charges, billing & shipping addresses selected or entered in Magento web store, all are available in the newly created SAP Business One Sales Order.

New and existing Open Sales Orders in SAP Business One can be uploaded to Magento web store. When customers log in to their account in the store front, they can view and track the orders.
Complete the sales cycle by generating delivery and A/R Invoice in SAP Business One which will update Magento web order status.

Customer can track the shipment through the tracking id in Store front which is entered by the back office staff

3. Item & Inventory: – Upload SAP Business One items as simple, configurable, bundled and grouped products to multiple web stores and web sites of Magento selectively as per your choice. Attach multiple images, set the display category, set attributes against an item from within SAP Business One. Any update in Item details will be instantly reflected in e-commerce portal, so web customer always gets most updated product information.

On the other hand existing Simple, Configurable, Bundled and Grouped Products of Magento can be downloaded to SAP Business One with associated quantities all at once in a single click.

SBOeConnect provides you a better integration of stock quantity. Stock Quantity updates through web orders in Magento Commerce reflected instantly in SAP Business One. On the other hand any stock updates in SAP Business One will update the available quantity in Magento. So through this integration you can better plan your purchase cycle.

4. Payment and Shipping: – Online Payment in the web will generate Incoming Payment document in SAP Business One through which you have the proper picture of the payment.
Shipping Method selected by the web customer and the shipping charges are synchronized from Magento web store to SAP Business One.

Tips On How To Put Up A Brochure Printing Business

Any business no matter how small should be planned perfectly for it to succeed especially when it is a business that relies greatly on the different tastes of people. Just like sign and poster printing, a brochure printing business heavily relies on your artists creativity and your customers taste and satisfaction. Therefore, you should be careful about every approach that you make especially during the planning stage of your brochure printing business.

Behind every successful business is a well researched business plan. So before you start investing your money, conduct a thorough research about the brochures printing business. Find out more about the history of printing and how it is done. Make a list of all the machineries that are used during brochure printing and try to find out how much they cost. An inventory of all the materials used during brochure printing such as inks and papers is another thing that you should obtain. Try to find out more about how long it will take to produce a single brochure.

After doing your research about brochures printing, make a feasible business plan. It should contain details about your business location, the capital cost of putting up a brochures printing business and the procedures that are involved in printing, and the capital you are willing to allot in putting up your brochure printing business.

Study your business plan. If you think that the capital cost would be too much for you, then start conducting a research about the current market price of the materials in your inventory list. You can do this by visiting shops in your area that offer brochure printing materials. you can also search the Internet for online shops that offer printing materials. Make adjustments in your business plan depending on the research you made.

After polishing your business plan, try to find a business expert who can give you advice about your printing business. Show him your business plan and ask him to give suggestions that can help make your brochures printing business more successful.

You can now look for the perfect location where you can put up your business headquarters. After finding a location, find a contractor who can work for you. Discuss with him your proposed budget and ask him to update your business plan. Since a contractors line of work makes him more aware about the market prices of all hardware materials, he may be able to help you update your current price list.

Make it a point to always monitor the progress of your business: be there during the construction of your businesss building, be there when it is time to shop for the materials and machineries that you will need and ask for progress reports from your contractor. This is a way for you to guarantee that the workers you hired will not slack off and waste your hard-earned money. It is also a way for you to find out first hand all the problems that occur during the construction.

Putting up a business is not the same as building a house. Therefore, you should be extra careful especially when money is involved. After all, just because a business is a risk doesnt mean you should be careless about the important details that concern your business.