As summer draws ever closer, fashion styles continue to change on the High Street as various brands and organisations adapt, making it very difficult for fashion conscious males to stay in touch with the latest look they are after. The world of fashion is constantly on the change, as brand after brand release innovative new product ranges to compete in the tough current climate. Here are some tips for this Summer.TOMS footwearLooking set to impress for the second year running. A very expansive product range means there will be a particular style to fit everyone’s individual tastes. Appealing to be worn with any outfit, TOMS shoes look set to further gain popularity this year. A cheap retail price attracts many customers and is a huge contributor as to why they fly off the rails of the High Street. Their very inspirational promotion campaign has helped Toms gain the ethical status it has today. The ‘one for one’ campaign means the brand will match every pair of shoes sold with a pair of new shoes given to a child in need. This campaign on its own is enough to entice customers into purchasing from the brand, as they are aware of the beneficial aspects that Toms do behind the scenes.ChinosEver since chinos took the men’s fashion industry by storm last summer, they have only moved in one direction and that is upwards. Various brands including G-Star and Diesel have attempted to combat this by releasing their very own product range of chinos to prevent them taking a massive hold in the current market. This summer it looks like chinos will be the thing to have once again, with various styles and colours adding to an already expansive product range.StripesSeemingly always renowned as a good seller on the High Street, it looks as though stripes are going to be the must have this season. Suited to be worn either on its own or with an open buttoned shirt, stripes will kick off that look this season, giving customers the impression of a smarter, more original look this summer. One of the brands releasing garments with the inclusion of stripes in their product range is Fred Perry, giving the impression that as a brand they keep very much up to date with any changes on the High Street.What does the future hold for the world of fashion? Changes in designer clothing are never going to end, as brands look to keep up to date with the latest looks on the High Street, providing customers with top end designer clothing for years to come.
If you’re one of the many people thinking about starting a small business, having a business plan is one of the first things you should have on your list of things to do. It doesn’t matter if you’re starting a small business from home or away, having a plan for your business is considered a blue print for a successful small business. What is a business plan and why do you need one?A Business PlanA business plan is simply a plan of what your goals are for the business, and how you plan to go about accomplishing them. Some people refer to it as a vision for your business. I like to refer to it as a blue print or a road map to accomplishing your goals.Your plan should be spelled out in clear and defining terms and be kept simple. It should be a written document and used as a tool in managing the business.A plan should include but is not limited to the following:1. A statement of your business purpose2. A description of your company3. The goals of your company4. The structure of the company (sole-proprietorship, partnership or corporation)5. The product or service that you are selling6. A market analysis of your product or service 7. Resources spent (time and money)8. A financial plan to include financial statements 9. Information about the managing principals in the company10. How you plan to manage and operate the companyThe Importance of a Business PlanThe success of a business starts with a business plan. The plan defines your business as to what it is and how you plan to achieve the goals of the business. It presents a clear picture of your business in terms of goals and objectives.The plan reflects how you plan to operate your business. How you plan to market your product or services. It provides a financial picture of the company.If you are looking for money to fund your business, you’re going to need a plan for your business. When you go to borrow money, lenders and investors are going to want to see written documentation in a business plan of your financial situation. Why do they want to see this information? Lenders and investors want to see this information because they are the ones taking the risk in lending your business money.Once you have a plan in place, it’s important that you follow it. If you’re achieving your goals you should stick with the plan. If you are not achieving your goals then you will have go back, analyze your plan to find out what is working, what is not working and why it is not working.A plan is not etched in stone. It is subject to change. As time goes on, things change in this world and businesses like everyone else are subject to change. A good plan will reflect changes that a company has to make to keep it competitive and successful.Where can you find samples of a business plan for a small business? If you go into any of the search engines such as Google or Bing and type in “samples of a business plans for a small business” you will find websites with this information.This is why it is important that a small business should have a business plan. If you look at those small businesses that are successful, you will find that most of them all started with and have a plan for their business.
FSBO or business “For Sale by Owner” is a business owner’s attempt to sell his company. Offers like FSBO can easily attract a lot of potential buyers, but you have to be wary and cautious before considering such offers. These opportunities come with significant risks most of the time. Buying an already established business, on the other hand can be a fulfilling decision. The only question is what needs to be done to lessen the risks involved and increase the chances of success in buying a business for sale.FSBO businesses as challenging opportunities As a general rule, you should never trust everything a seller says about his company. Even inexperienced entrepreneurs and first-time investors are aware of this. Why, then would it be any different in buying a business for sale by owner? Consider the following facts:First, it is possible that the owner is just attempting to increase the profits of selling his company. Surely, you would not want to shell out a lot of cash for a company that keeps bleeding “red ink”. When you buy a business for sale by owner, the seller might even be unaware of the actual value of that particular FSBO. Most likely, you will be overpaying for the sale transaction. In addition, negotiations are not easy because the value of businesses is oftentimes uncertain. What you will gain or lose generally depends on your negotiating strategy. Fortunately, there is a solution to this problem.Role of Business Brokers in Buying Businesses for Sale by OwnerA safer way of buying a business for sale by owner is to seek the assistance of a professional business broker. What exactly is the role of business brokers in buying an FSBO business? There are several answers to this question, and as you read on, you will further understand the role of business brokers in buying FSBO businesses. For a very affordable fee, business brokers present a number of advantages in buying a business.Services Offered by Business BrokersA broker can help you look for businesses for sale by owners that may draw your interest. A well-experienced broker, most likely has a list of personal contact information of prospective buyers. A tenured broker also possesses the skills that will help you find your ideal FSBO businesses, as well as the ability to determine the suitable price for such transactions. A broker’s knowledge and experience in the field will help you gauge the fairness of a seller’s initial offerAs stated earlier, negotiations can be a challenging phase for entrepreneurs. Professional brokers can greatly help you in this aspect, resulting to a faster and smoother process of purchasing a company.Furthermore, brokers are experts in dealing with the different types of FSBO companies. Yet, it is still best to look for a local broker who already has remarkable experience in your target industry.Ask for a Business Broker Certification A business broker’s certifications in a given industry are essential in making a decision to buy one or more businesses for sale, since a substantial amount of expertise is a must to achieve success in this field. A certification is a good means to measure the trustworthiness and reliability of a broker. The International Association of Business Brokers provides numerous business broker certifications. They can be Merger & Acquisition Master Intermediaries or Certified Business Intermediaries. Obtaining these certifications shows a broker’s experience and knowledge in the field. It is recommended to check if your prospect broker has one of the following certifications or designations:- Accredited in Business Valuation (ABV)- Certified Business Appraiser (CBA)- Certified Valuation Analyst (CVA)- Accredited Senior Appraiser in Business Valuation (ASA-BV)While business valuation is very important before you buy businesses for sale by owner, the same thing applies in finding a trustworthy and experienced business broker.Finding a reliable and competent business broker can significantly affect your attempt to buy FSBO businesses. You need to do a thorough background check on the references and experiences of your prospect broker. Keeping all these in mind, it is a lucrative and rewarding decision to purchase a FSBO business as long as you have the support of a competent broker.