Business Strategy

Business Strategy Analysis Puts Things in Perspective

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The economic and financial uncertainties several businesses face every day pose a variety of tactical challenges for the part of team managers. But there’s one tool that can help them deal with these challenges, and that is a thorough application of their strategic plans.

Strategy analysis is an advanced financial model offering executive management two main benefits. First, it puts in perspective the various ways in which companies can achieve their financial goals, and second, it ensures that the companies are able to maintain their competitive edge amidst the changing business landscape. A strategy analysis encompasses value-adding financial plans and strategic forecasting using the company’s previous and current financial statements. Strategy analysis is about looking at everything that’s going on in a business, company or organization. It generally focuses on these two questions:

What are the company’s business goals? What are the company’s current resources and how are they being used to achieve the company’s goals?

In broad strokes, strategy analysis takes a look at all aspects of business, dissecting each one to determine whether the company’s business strategies and its processes and procedures are in line with the company’s business goals.

The focus of strategy analysis is to determine whether the current strategies of the companies are still relevant given the changing business landscape. This is a recalibration of sorts, a process that allows companies to evaluate their performance and revise their strategies as necessary. Both internal and external factors are important in the analysis. Internal factors need to be analyzed to check if resources are prudently being utilized for streamlined processes and cost-efficient operations. External factors, on the other hand, need to be considered to check the competitive landscape and to identify potential business risks to prepare for. How It Adds Value to Companies

The results of strategy analysis make it possible for companies to improve their processes, maintain their competitive edge, and increase profitability. Doing an analysis of the company’s business strategies gives management a clear idea of where it is at present and how it can move forward in the coming months and years. The company’s existence is, in a way, justified by how it is faring in terms of its strategic goals. Sometimes, an outsider’s view of company performance vis–vis its business strategy is necessary. There are consultants who specialize in objective analysis of business strategies. These professionals are also able to give concrete recommendations or lead the management team in re-formulating or revising the company’s business strategies.

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The Role Of Link Builder In Your Business

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A link builder is the one who performs your daily task in your business. Link Building is not about search engine optimization, it’s not about boosting your Google PageRank, it’s not about publishing a link directory and it’s not about exchanging links with other sites. But, instead it is the one who establish partneships. It is bout making the right connections to benefit your website in terms of brand, ranking and revenue growth.

Below are the list of Task that a Link Builder Performs:

* Directory Submission – used to obtain 1 way links to your site
* Search Engine Submission – manual submission of your site to the top search engines
* Article Submission – depending on your article strategy and your link builders will manaully submit your site to the directories or seek out partner websites for you to exchange articles with
* Signature Linking
* Emailing bloggers
* Link trading
* Blog Posting
* Forum Posting
* Blog commenting
* Keyword Research

One of the important things that a link builder can do is to focus in developing quality inbound links. Developing links from relevant sources is very vital for any online business website. This would help your website to enjoy high search engine rankings and get notice by your potential clients. One of the effective source of developing inbound quality links is focusing on public relations activity. Implementing this activity can help you to fetch some relevant inbound links for your website.

However, public relations activity whether done online for offline. Getting a link in these sources can work wonders for your business website in every aspect such as high traffic, high conversion rate, more revenues, higher visibility etc. Moreover, you can found more public relations online. There are many ways there.

Lastly, if you wanted to hire a linkbuilder for your business, start finding it right away. More companies can found online who offers a link builder jobs, virtual assistants and more.

Hairdressing Industry And Its Governing Bodies

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The hairdressing industry as various governing bodies intended to protect the client and the hair salon

NHF
National Hairdressers’ Federation (NHF) provides salon members with help and information for the hair industry currently has over 6,000 members, which includes small and medium salons that include hair and beauty salons, and Independent Chair Renters.

The NHF works on behalf of its members to raise the professionalism and commitment to the hair and beauty industry. Members have access to a range of benefits, including services, products, advice and information that help them to develop their business, including access to a free legal helpline, salon insurance, discounted rates on PPL Licences. It helps its member through representation legal and employement advice.

If a salon displays it’s a member of the NHF this does mean it better than another salon down the road. Although it should be noted that the hair salon itself takes its business and contractual arrangements seriously.

AHT
Association of Hairdressers and Therapists, founded in 1963 by a group of hairdressing teachers as a like minded national network of specialists who exchange good practice and support. This organisations members are more made up from the educational sector of hairdressing. Ranging from lecturers, teachers and assessors who hold relevent teaching qualifications or are working toward achieving those qualifications. The AHT holds National Training initatives, events and specialist demonstrations across its network.

HABIA
In 1986, the Hairdressing Training Board (HTB) was formed with the objective of working with employers, educators and government to design and implement training and education programmes for the hairdressing industry.

Habia is the government appointed standards setting body for hair, beauty, nails, spa therapy, barbering and African type hair, and creates the standards that form the basis of all qualifications including NVQs, SVQs, Apprenticeships, Diplomas and Foundation degrees, as well as industry codes of practice.

In 1997, HTB, HTB Scotland, and the Beauty Industry Authority (BIA) formed the Hairdressing and Beauty Industry Authority (HABIA) to include the beauty therapy industry within its remit. Habia was formally launched by Dr Kim Howells, then Minister for Lifelong Learning, at that year’s Salon International exhibition.

By 2001, the organisation was being referred to by its initials, HABIA, and by the end of 2004 the decision was made to officially make the company name Habia. By this time, nail services and spa therapy had been added to Habia’s remit.

Habia was officially recognised by the government as a National Training Organisation (NTO) until these were abolished in 2001. Currently, Habia is recognised by the government as the Standards Setting Body for the hair, beauty, nails and spa sectors (including barbering and African Caribbean hair). The core responsibilities for Standards Setting Bodies include sector research and information, national occupational standards, qualifications strategy and learning frameworks. A central point of contact for information, Habia provides guidance on careers, business development, legislation, salon safety and equal opportunities, and is responsible to government on industry issues such as education and skills.

Habia raises the profile of its industries through the press and media, and is the first port of call for news organisations and broadcasters on news items and background information.

Habia also delivers solutions direct to:
salons to help them understand complex legislation such as health & safety and employment law, improve client retention and raise business performance;
employees to gain the skills that employers need to stay up to date with client demand and the latest techniques, equipment and products, as well as where to go to access learning and suitable qualifications;
trainers – to deliver qualifications with training support manuals, and to create successful teaching programmes including induction and initial assessment;
learners – by offering books and teaching guides directly related to their studies, and by providing advice on career paths and qualifications.

HABIA is very similar to the NHF in its support for salons and individuals.

The Future For Hair Associations
State registration is looking like a possible requirement for hair salons moving forward to promote best practice and tidy up the industry

Merchant Banking Change Their Business Strategy

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Companies can not have the required capital growth. However, access to capital can be a very real pain. It is to meet this need to get enough capital , merchant banking was first established . Although they only primary set up to help businesses , it is no longer the case. Throughout the centuries, the merchant banking services has grown to include many industries . Although the bank’s core is still the same – they help companies and banking needs. But now they have also included consultancy services. Feel the need to have the proposed corporate marketing , finance, management and legal issues can easily close merchant bank for help. These banks consultants help companies of various issues, any business will at one time or another face . They offer guidance , a group of charge.

Their guidance, including all sorts of things . When a business just starting up , they help seed it has enough capital , it is sustainable. When the business expanded , the banks to ensure their expansion to become a successful business to raise sufficient funds . If companies need to modernize , they provide suggestions on how and in what way it can be done , and the financial repercussions will follow it . If a business needs to restructure , the bank offers sound advice . When a long-held enterprises continue to grow sick, they intervene to restore long-term loans profitable way .

With a holistic approach , banks can also help companies to buy and sell shares in the stock market . Under normal circumstances , the bank stocks to be released to determine the time they are released. Enterprises regardless of the problem , it has enough experience to guide them. Although most of the time, they tend to choose the larger enterprises . But they also help the company , has just begun. Sometimes, due to their range of services , these services are also referred to as wholesale banking . In general, most merchant banks have an area of expertise, underwriting and international finance and the like.

You will find that these banks also have retail and business sectors , efforts to branch out . Retail banks, merchant banks are different, usually as a separate sector, but held . Merchant banks and large enterprises often under the premise of what their professional business and financial management.

Merchant banks, in fact, is the original bank. The invention in the Middle Ages by Italian grain merchants. As Lombardy merchants and bankers stature plains of Lombardy-based cereal crops growing on the strength of many displaced Jews fleeing the Spanish persecution were attracted to trade. They brought the silk routes from the Middle East and the Far East ancient practices. Initially used for financial transactions, trekking, these methods are applied to food production and trade finance.

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Basic Steps To Write A Business Plan

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Business plan writing can be a very time consuming task. For writing business plan, business plan writer has to consider some steps that will define the goals and reason for startup or expansion of a business. Business plan writers must consider these areas before writing a business plan:
Business plan outline: It is the most important point; outline should be prepared before writing the business plan
Vision statement: You may know why you want to start a business and where do you want to see it in the near and distant future. This information is only known by the owners of the company. Keep your vision statement precise
Define your mission: Set the goals and objectives of the business. This step contains both specific goals that you want to achieve, as well as action-oriented goals
Define your USP/Business strategy: Business strategy is a definition of steps you’ll take to make your business successful
Target Market: Future success of the business depends on market analysis. There are number of companies providing the same service. You should be 100% confident that your product is different from their product. It requires proper research
Research the demand for your business: Before spending large amount of capital on your business, it is important to know the demand for your product. It is necessary that demand of your product exceeds supply
Financial statements: Financial statements are the most important tool for investors. It contains: Income statement, balance sheet, cash flow statement
Take action: This is the most crucial step. Take action! You have distinguished your action-oriented goals, now create an action plan from these goals
Review & Editing: A well-written business plan opens the door to success; after completing all the steps make sure to review and edit the plan
Business planning is not easy but by following the above steps for writing business plan, a business plan writer can write a successful plan that will lead the business to success.