Tagged: financial

Europe – Small Business, Big World

European small and medium sized enterprises (SMEs) should better profit from fast growing emerging markets, such as in China, India, Russia or in regions like South East Asia and Latin America. This is the key issue to overcome the crisis addressed in the European Commission communication ‘Small Business, Big World – a new partnership to help SMEs seize global opportunities’ presented today. The priority for Europe now is to overcome the crisis boosting competitiveness and growth. Major markets such as China, India, Russia and Brazil, with strong growth rates and potential represent significant opportunities for EU companies. Exports outside the EU to expanding markets could trigger new dynamism for European economy. Internationalisation is the step SMEs need to take and to seize these opportunities.

The objectives of the new EU strategy are

To provide SMEs with easily accessible and adequate information on how to expand their business outside the EU.
To improve the coherence of support activities.
To improve the cost-effectiveness of support activities.
To fill existing gaps in support services.
To establish a level playing field and provide equal access for SMEs from all EU Member States.
The Commission will play a crucial role in the coordination and governance of this process, also through setting up a periodic ‘SME Internationalisation Forum’ and with a specific focus on this topic at the regular meetings of Member States’ SME Envoys. In all these activities the representatives of the private sector will be involved.

Source: EUbusiness


A wiki is web software that allows you and others to create and edit interlinked web pages. This means that you can very quickly create a page (let’s say “New Ideas”) and then add information. The key is that anyone can edit the page (or in our case, add and comment on new ideas), which makes it a very powerful collaboration tool.

What Are the Benefits to Small Businesses?

1. Sharing information: Anyone can edit a wiki, thus one person can add an idea while others refine it and add their expertise. The result ends up being one cohesive idea by the group rather than a series of scattered thoughts.

2. Tracking revision: You’ll always be able to see the history of any idea or page.

3. Archiving Information: You find that, as you build up a wiki, you are creating a repository of information. This means you can add legal documents, old memos, and anything else that might be useful to your team in the future.

4. Easy to use: Once you understand the syntax, it’s much easier to create a new wiki page than a new web page or blog post.

Some recommended small business wikis include:

MediaWiki: the software that runs Wikipedia

PbWorks: a full collaboration and wiki site

Twiki: has been used by major companies including Yahoo

Build your dream company from HOME

The age of the virtual company is upon us. Future historians may look back and declare that the concept of offices began their slow but inevitable extinction some time around 2011 A.D. Our grandchildren will watch movies like Office Space with a touch of bewilderment—did people really have to sit in front of a desktop computer for eight hours every day?

Yes, this is all an exaggeration. After all, some offices will need to provide a space for face-to-face meetings. But it’s hard to argue that the growing popularity of the home-based business model isn’t becoming a characteristic of the entrepreneurial mindset. Now, more than half of all small businesses in the United States are based out of the entrepreneur’s home, according to the Small Business Administration. That’s around 15 million home-based businesses, and represents about $500 billion in revenue every year.

Obviously, the costs of running a business from home is advantageous because it’s cheap.

It’s simple, says Danny Wong, co-founder of Blank Label, a start-up that offers custom men’s shirts. Wong and his co-founders have a completely bootstrapped approach to their business model—and opening an office just didn’t make sense for them. “We just didn’t want to pay,” Wong says. Blank Label is also a paradigm for the 2011 version of a virtual company. They use video chat and Google Wave when the team isn’t together, and they’ve never even met one of their developers, who lives in Orange County. “We video chat with him, but he’s always kind of in the dark,” Wong says.

Read the article on Inc.com

LAMP – open source software stack

LAMP is an acronym for a solution stack of free, open source software – Linux (operating system), Apache HTTP Server, MySQL (database software) and Perl/PHP/Python, principal components to build a viable general purpose web server.
When used together, they form a solution stack of technologies that support application servers.
The LAMP stack offers a great number of advantages for developers:

– Easy to code: Novices can build something and get it up and running very quickly with PHP and MySQL.
– Easy to deploy: Since PHP is a standard Apache module, it is easy to deploy LAMP web applications by uploading .php files to an Apache server and connecting to a MySQL database.
– Develop locally: LAMP can be set up so an app can be built locally, then deployed to the Web.
– Cheap and ubiquitous hosting: Many inexpensive web hosts provide PHP and MySQL services.

Small Business Pool – Video Production Services

Our Video Production team has worked on national and international business projects. We bring the right people for the right project. We offer effective video production services that capture your vision and get the job done – without wrecking your budget. Our team will work with you to identify your key components for your production. We have a simple consulting approach, and our goal is to make the experience a positive one:
We break down each production services under the following headings:

-Scriptwriting- Art Direction-Location Scouting-Shoot Coordination & Logistics-Talent Casting

High Definition Cinematic Filming – Multi Camera Shoots – Voice over Recording – Lighting and Audio Engineers – Make-up Artist

-Video Editing- Color Grading – 2D/3D Animation-Photo Retouching – Video Streaming Solutions


Liquid times

Despite the 2009 financial crisis, the year 2010 was a point of time that actually shows two decades of strong worldwide economic growth. In the 1990-2010 periode, the global economy rose from $22.8 trillion to $58 trillion. The leader and champion of this growth, China now exports more stuff per day than it exported for the whole 1978cyear. Since reforms began in China out of poverty has raised 400 million people. Country’s economies changed a lot. 20 years ago Brazil and Turkey were typical examples of developing countries with huge inflation, poor private sector and a fragile political system. Now, these countries show steady growth. That the results that we could see, but what are the factors that changed qualitative and led to this results? According to Yulia Latynina there are 3 broad factors: “The world is liquid. Everything — people, money, and ideas — always flow to the most attractive and investor-friendly locations.”

Money flow

A long time ago when the world was consistent money’s moving was a hard process. Now it is fairly easy to do. The global banking system operates and moves about $2 trillion daily, and that money tend to the country which conditions are most favorable.

The flow of money closely correlates to regionalism and inequality issues. Two main forms of money flow are foreign direct investments came from business firms and investment portfolios, diversified with foreign assets. In the Global Economic Prospects 2011 analytics report that the growth rate for the world economy was 3.9% in 2010 and is likely to be to 3.3% this year, then 3.6 % in 2012.

By the way the losses precipitated by the financial crisis have been enormous. Total capitalization of world stock markets halved in 2008 – about $32 trillion of wealth. The losses in household wealth during 2008 were about $11 trillion in the United States ($8.5 trillion in financial assets and $2.5 trillion in housing assets) and were estimated at $1.5 trillion in the United Kingdom ($0.6 trillion in financial assets and $0.9 trillion in housing assets). Losses of such magnitude have significant wealth effects on consumption and savings. Industrial production fell sharply in many developed and emerging countries and for the first time since 1929, world trade contracted in 2009.( Global Stability Reports; IMF Survey Magazine). But the main question is where to invest the money in terms of the future economy growth?

In Doing Business 2010, there were the top 10 of reformers: Liberia, the United Arab Emirates, Tajikistan and Moldova, Colombia, Egypt, Belarus, the Former Yugoslav Republic of Macedonia, and the Kyrgyz Republic. Colombia and Egypt have been top global reformers in four of the past seven years. But those events are timely. Most of the firms in those countries’ economies have suffered from lower demand and a drop in private capital flows. Start or invest into businesses in low-income economies on average still have unresolved problems, such as transferring property, filing taxes or resolving a commercial dispute through the courts.
Moreover there are some problems in the Europe and Central Asia Region. While most other countries have to invest in systems expanding and increase access, the challenge in this region trying to find resources to operate and maintain existing assets to ensure reliable service at acceptable quality. The financial market situation in parts of the Euro Area still seems suspicious to invest in it. And the biggest problem that may appear in the nearest couple years is a huge money flow going into nine middle income countries because of seeking higher yields by large investors.

People migration

As for the flow of people, an August 2010 survey by analytics revealed that 73 percent of the most economically active citizens from developing countries would like to leave the country. By the way the real percentage of immigrants is almost impossible to determine, since no one slams the door: people just live and work in another country, being their own country’s citizens. “More than 210 million people worldwide are living and working outside their home country. Of those, roughly 15 to 20 percent – or as many as 42 million people – are believed to be undocumented guests.”

From one side immigrants willing to take a chance in a new country, that mean high level of motivation and risk taking, their average age is 28, and they contribute to the workforce. From other side immigrants fill niches in the labor market where demand is highest relative to supply, 45% of them have extremely high skill levels that mean higher expectations and lower salary on this area.

The problem is that the unemployment rate in high-level economy countries keep increasing

And expecting to grow in 2011-2012 on1.2%, while the similar rate in Asia-Pacific and BRIC region is much smaller and expecting to be the same. The World Bank forecast shows that the global economy will slow in 2011, and warned that rising commodity prices could spur a return to the sky-high inflation of 2008. The Washington-based development lender estimated the world economy will grow 3.3 percent this year compared with 3.9 percent in 2010, a year of rebound from the 2009 recession. Emerging and developing countries were expected to expand 6.0 percent, more than double the 2.4 percent annual rate of high-income countries, the bank said in its latest Global Economic Prospects report. So, where the people flow will turn?

Rainfall of ideas

Ideas always were free to move. Scientists were the first humans to the XV century who can freely traveled all over Europe. Copernicus studied in Krakow and then in Bologna and Padua. Tycho Brahe was born in Denmark (then owned by Sweden), studied in Leipzig, worked for the Swedish king, and later moved to Hamburg. Kepler worked first in Styria then moved to Prague and then in Silesia. As for now, the situation is catastrophic. Ideas flow more like gas than liquid. Without favorable conditions, they dissipate instantly. There are certain places where you expect research to be happening such as prestigious universities, world renowned colleges and institutions. UK, India, China, Israel, US, Germany, France, Ireland, Japan are in the top-list of where we will get surprises in the nearest 5 years (http://seedmagazine.com/place/). Most of those countries already raise their tuition fee in 2-3 times, so let’s wait for unexpected discoveries.

Finally, the lesson on those years is that in the global world closed economies do not stagnate; they regress, and do it fast. From the country with close economy washed away money, people and ideas.

Franchise’s success myth

Each year about 26% of young businessmen start their first business as a franchise, but just 66% of them are successful. So what are the main problems that ending up with the wrong choice?

First of all it is an initial expense. Federal Trade Commission’s Bureau of Consumer Protection have a list of nonrefundable franchise fees from tens of thousands to tens hundred thousands of dollars. And it is not all expenses, most of people forget about ongoing royalty payments; operating fees; opening fees and advertising fees; rent equipment; marketing; inventory and business setup. There is no way of “just buy a franchise after viewing some webpage or talking to business owner once”. This kind of business needs a full research of the company’s history, owners, their other business activities and financial history. This information is not open and nobody will show it, so the investigator has to do their own research of how this franchise relate to other businesses within its league.

Secondly, even if the franchise is a well-known brand, including product logo and advertising campaign the new enter owner should have a clear idea of a franchiser’s control. There is an agreement that dictates mostly everything from the prices to employee pay rate. That may include the dress code, hour rates, and hours of operations and so on. Any default of these details may the franchise default without expenses refund.

Thirdly, it is incredibly difficult to work with it by your own. The owner need to have suggests from people who have an access to the right machinery and the right business partners, franchises owners. Start the business is a hard job and it always better to allow professionals do their job. Buy a franchise is not a buy a guarantee of your rich life. But who dares wins.