Outsourcing Services – Which Country is Good For an Outsourcing Company?

If you are planning for outsourcing services of your company, what is the one thing that will matter to you the most while choosing an outsourcing company? For some people it is ‘cost’, for some it is quality and for some it is both of them.

Before outsourcing, the first thing you should ask yourself is what exactly you want. I keep reading on Internet how so called ‘experts’ try to convince people about ‘low-cost-good-quality’ factor for a number of countries. But let me tell you something, this is all a trap. There are millions of websites on Internet ready to trap you the moment you think just about low cost services. In my view, outsourcing should always be based on quality.

When you think about outsourcing, think about countries where you can get quality services. For example, if you think, India is the best suited for your type of business, give yourself a strong reason for it. Know about the culture of India. You will get to know that they are number one in terms of IT professional population. English is official language for them. As this country was ruled by Britain, their educational system is influenced from the west and they add thousand of English friendly professionals every year in their country.

Now, make a comparison with other countries which offer similar potential, cutting edge communications systems and great deals. May be you will end up finding countries like Philippines.

Next thing you should ask yourself is the tenure for your outsourcing project. If you want stability in your business, never choose any country which has a poor or ‘not-so-growing’ economy.

I know, as the economy grows, the companies in such countries will raise their costs but in long terms, it will be better for you.

Remember the global credit crunch in US? Many poor economies which were majorly influenced by US market had surrendered that time whilst countries like India were least affected. That is all because their economy is growing, becoming self dependent and that is how they do not just collapse in hard times.

This was just an example, for a detailed report of your own business types, you can consult any free online expert for outsourcing services.

Private Jet Detailing And Aircraft Cleaning Entrepreneurs Have Good News For 2017

The general aviation sector has been in the doldrums for quite a while. Some blame this on increased FAA (Federal Aviation Administration) regulations, much of which occurred after 9-11 to protect airports from potential terrorists, unfortunately these increased security requirements and increased regulations have stifled the general aviation (GA) sector. The economic crashes of 2000 and 2008 didn’t help, although in 2003 the economy was flying high thanks to Bush Tax Cuts and stimulus, then it hit a wall again and didn’t really do well until the run-up just before the 2008 crash.

The GA sector has only slightly recovered since then but not back to its 2003 highs. When Obama got elected he railed against Corporate Jets and Corporate Fat Cats which hurt jet sales and new aircraft sales. Remember when congress went after the Auto Makers for flying their corporate jets to Washington DC to beg for bailouts? Public sentiment against GA was at an all-time low.

All of this had hurt aircraft cleaners and jet detailers – it made it tough to make money, but it looks like things are changing and the number of GA Aircraft is increasing. This new Trump Administration is pro-Aviation unlike the Obama Administration. Cutting corporate taxes will also help GA and jet sales. It looks like clear skies ahead for those in the General Aviation services business.

There was a great article in AIN – Aircraft International News – December Edition titled; “UBS Bizjet Index Sees Post-election Surge,” by Chad Trautvetter posted on December 12, 2016 which noted the following facts; The new Trump Administration in the U.S. is widely seen as a positive, with 61 percent of those surveyed expecting the outcome of the U.S. presidential election to ultimately be positive for the business jet market, while 11 percent don’t see a positive impact and 28 percent are uncertain.

In fact the article went on to note that there was an increase of between 44-49% increased orders for private jets over last year. Many of those aircraft will be delivered by 2018, and the backlog will increase used aircraft sales and current new inventory. More aircraft certainly means more aircraft to clean and more new aircraft means more corporate detailing customers as well. Meanwhile, along with the fractional jet market, we see jet air-taxi services on the increase as well as Uber style aircraft ride-sharing plans smaller companies can buy into. All of this means the GA sector is ready to take off again and that’s good for business.

What to Look For in a Good Tech News Website

If you are a huge fan of tech news, then you are probably one of those who are always on the lookout for a better website than the one they already read. And in the quest for the best source of up-to-date information on the latest gadgets and gaming news, you probably have a list of criteria that you use as a checklist. Here is a brief description of some of them. Some of these may match yours while others could be new to you. In the end, they are all useful and work well to help you find the right source that will not only solve your tech queries, but also introduce you to a whole new world of knowledge and facts that you were hitherto unaware of.

* Information About The Biggest Companies

The best source of technology news is a website that carries stories about the big companies in the business that do a lot to influence the market. While there are many startups and entrepreneurs in the business, it is the big guns that hold sway, and it is these that most tech fans would like to follow. Therefore, if the website you are checking follows these companies, you can be sure that they know what they are talking about and recognize the forerunners in the business.

* New Innovations

The other thing about tech news is that along with the big guns, there are many startups and entrepreneurs who also need to be profiled. Maintaining a balance between these two is ideally what a website should do. Learning about new innovations and ideas is the way you can develop some of your own. And it also encourages interesting discussions both between the innovators and the rest of the tech world.

* Discussion Platforms

A good tech news website will also attract a large number of bloggers and surfers who are very knowledgeable on the subject and have interesting things to say at the same time. This creates a platform where open discussions can be held that serve both to critique and contribute to the creating of cutting edge technology. Therefore a website that encourages two way communications is definitely something you want to access and be part of. And it can do this in several ways, some of which include a message board or a blog where both experts and users can post their comments. And with social networking sites now operating to change the way we communicate, there are more ways in which websites find ways to keep their visitors involved and clued in.

* Software And Demos

What every gadget fan always dreams of having is access to the latest software of a demo version of a new release. And if a tech news websites allows them to preview these, then it definitely gets a ton of brownie points. Doing this as a tie up with the concerned company is of course the legitimate way to do it and will also encourage visitors to respect intellectual property and copyright rules.

Thus, these are some of the criteria you can use while looking for a good tech news website. If you keep at least some of these in mind then you can be sure that the site you access is helpful and best suited to your need.

12 Good Reasons Why You Should Aggressively Seek Publicity For Your Small Business

It’s unfortunate but true that many small businesses have the attitude of “just leave me alone and let me do my thing.” They do not seek or welcome attention from any outsiders, especially if the outsiders are the media, the government, or some kind of consumer or advocacy group. It’s the classic head-in-the-sand approach: “Maybe if I ignore them, maybe they’ll go away.” Perhaps there was a time when the marketplace would tolerate this kind of fiercely independent attitude. But that time is past.

Today’s marketplace is no longer merely competitive, it is hyper competitive! The shelves and racks of our stores and malls are loaded with dozens of “me too” products. Bankers now sell insurance and insurance salespeople now offer CDs. A single “mega-dealer” might carry a dozen or more car brands, and literally hundreds of models of automobiles and trucks on a single square block lot. It seems like every major interchange along the interstate now has to have at least two sprawling truck stops catty-corner from one another, with one or two fast food joints thrown in nearby. Did you ever expect to see the day when hospitals would advertise on billboards and television, like soft drinks or fast food joints?

A recurring theme you will encounter again and again in my books — because I think it’s that important! — is that in this complex competitive milieu it’s critical for you, as a small business to differentiate yourself in as many was as possible from your competitors. Positive publicity is one of the most powerful, and yet under utilized promotional tools available to small businesses and organizations to help accomplish that goal. Why should my small business, agency, or group seek out positive coverage in the media? Is it really worth all the time and hassle? Here are a dozen very good reasons why you should be generating as much favorable publicity for your business, agency, or group as you can:

1. It is simply a smart dollars and cents investment in your business’ or organization’s future (read that as survival). Whether you measure your “profit” in terms of dollars left over after expenses are paid or in terms of more contributions, more members, or more clients served, promoting your business’ or organization’s name and activities is no longer an optional “it would be nice if” task; it’s critical to your survival!

Every positive article or photo published in the daily newspaper, every favorable one-minute clip on the early evening news, every complimentary mention in some specialty newsletter or magazine is FREE! Sure, it may cost a little bit of staff time, some duplicating and postage expense. But it did not cost you anywhere near the big bucks that the same number of column inches in the newspaper or the same amount of airtime on the TV news would have cost if you’d paid for it like advertising.

For example, a half-page ad, which is about the same amount of newspaper space as a good sized feature story, will likely cost $500 to $600 in a small town daily, perhaps $1,500 in a newspaper in a medium-size market, and as much as $3,000 or $5,000 in a large metropolitan newspaper. If you had to pay for a one-minute story on the TV late evening news like an ad, it would run you $200 to $250 in a small market, $500 to $1,000 or more in a medium market, and $2,500 to $4,000 in a large urban market.

State and local tourism promotion agencies generally spend most of their budgets on writing and sending out their own news releases and on bringing in travel writers and editors for what are called “familiarization tours” (known as “fams”) to generate articles and feature stories about the state or local area’s attractions.

Yes, they do run paid ads from time-to-time in selected media, but this is generally only a fraction of their over all promotional budget. A state tourism agency I’m familiar with did a cost vs. return analysis on their publicity efforts. Over the years, the bureau kept records of the articles and TV features that appeared as a result of its efforts; it estimated that there had been about a 4 to 1 benefit to cost ratio. In other words, if the tourism bureau had paid for the “free” editorial space and airtime it had received, like advertising, it would have cost four times as much as it had spent on the news releases, media kits, and “fam” tours. That’s not a bad return on investment.

2. You get much more “bang for the buck” in terms of audience attention with editorial coverage. This is a kind of corollary to number 1, the opposite side of the same coin; only here the focus is on audience attention rather than on dollars spent. What I’m suggesting is that on an inch-for-inch basis (using print media) or a minute-for-minute basis (using electronic media), you will get far more reader or viewer attention from free editorial space or time than you will from an equal amount of paid ad space or time. In other words, they — whoever it is you’re trying to reach — will be much more likely to actually see, and even more importantly, pay attention to your message if you are able to deliver it through a positive mention in the newspaper or on a TV newscast than they are through paid ads in the same media.

Just think for a moment about how you read newspapers and magazines, or how you watch television or listen to the radio. If you’re like most people, you read most of the articles (or at least the headlines) in the newspaper but at the same time, skip over the ads. That is, unless you’re specifically looking for something. For example, you need tires so you look for an ad from someone who is having a tire sale; you’ve been thinking you need a new sport coat and you notice your favorite shop has announced its new spring arrivals; only then do you notice the ads. Or you watch the TV news stories with interest but pick up the paper and read a few paragraphs or carry on a conversation with your spouse or go to the kitchen (or bathroom) or just hit the mute button during the commercials! Sound familiar?

I know of a small manufacturer of a specialty garden tool who has tried display ads in various gardening magazines, but finds he gets two, three or more times the number of responses results, in terms of inquiries or actual orders, from just one mention in one of those same magazines’ new products columns.

3. It’s just good sense to build your “bank account of goodwill” with the media and the community. If it’s true we’ve moved into a new era of competitiveness in the economic marketplace, perhaps it’s only slightly less true to say that we’re also entering a new era of contentiousness in our organizational and personal relationships. Individuals and organizations seem willing to sue one another at the drop of a hat. Advocacy and special interest groups, with their “in your face” confrontational approach to everything, sprout with the ease of dandelions. The Internet has become easily the world’s most powerful word-of-mouth medium (read that as “rumor mill’), where anyone can say just about anything about anyone else, and often does. Legislators promulgate laws that run to 1,000 and more pages. And regulatory agencies issue voluminous and highly technical manuals of rules and regulations on practically a daily basis. And, of course, the media seem to delight in reporting corporate scandals and controversial issues.

What seems to be emerging is a new expectation of corporate and institutional accountability on the part of the public. Perhaps it’s the long-term fallout from Watergate, Three Mile Island, and, more recently, Enron and Worldcomm, in which there was a perception that the politicians or corporations involved were less than open and honest in their dealings with the public and the media. This perception contrasts especially with the public’s highly favorable attitude toward Johnson & Johnson after that company’s enlightened handling of the Tylenol tampering case in 1982.

It seems clear that if it hasn’t happened already, we are certainly nearing the end of the time when even small local businesses or organizations can get away with a “just leave me alone to do my thing” attitude toward the community and the media.

Sooner or later, every business is likely to need something from the community: a zoning change to put up a new building, a variance on a sign ordinance, a city (or county or state) economic development grant (or loan guarantee) to create more jobs, a long-term lease to use city property for storage purposes, permission for a new curb cut, or an extension to a street or alley to improve access to its property.

All these “needs” involve an approval process that almost invariably includes a public hearing, with the opportunity for interested or affected parties to have their say. Very often that “say” takes the form of virulent and totally unexpected opposition.

Now, I’m not suggesting that a regular program of positive publicity for your business will guarantee that you’ll never be faced with neighborhood opposition to your request to rezone a piece of property so that you can build an addition to your building or that some local advocacy group will never issue a critical statement to the media finding fault with one of your policies or procedures.

However, what I do suggest very strongly is that a diligently conducted publicity program that regularly generates favorable coverage in the media is like building a bank account of goodwill with the community, the media, local government and even regulators. Even if it can’t altogether head off any given controversy – and, anyway, how would you ever know if it did? – it may well mean that you’ll at least get less hostile, and perhaps even favorable, treatment in the media, which in turn means less harsh treatment in the court of public opinion.

4. You simply have a right to more media coverage. As a business or organization that involves people and interacts with the community, you simply have a right to more space or airtime than you are probably now receiving. It’s part of the fundamental openness of the democratic process. The fact is, most businesses or organizations do not get their fair share of media coverage; usually because they haven’t bothered to tell the media about the interesting and legitimately newsworthy things they’re doing.

When I was a newspaper reporter, I always looked forward to doing feature articles on local businesses for the traditional year-end special section — we called ours the “progress edition.” I was constantly amazed at the many fascinating and previously untold story ideas I discovered in virtually every business or organization I visited. When I would tell the folks at the business, “This is a great story! How come you never told anyone about it?” they would look at me disbelievingly and answer, “Gee, we never thought anyone was interested.”

I think it may be one of those “can’t see the forest for the trees” things. As a business or organization that is involved in its activities on a day-today basis, there doesn’t seem to be anything unusual or noteworthy about those activities. You take for granted that if you’re familiar with your activities, everyone else is as well. But the fact is, most small businesses and organizations have many reasons for sending out a news release, a topic we’ll explore much more fully in the following chapter.

5. It’s free! For often capital-poor small business start-ups, the free publicity that is available through the media may be the only way they can afford to reach the public. Charles A. Hillestad, who, with his wife, is the owner of the Queen Anne Inn, says he used “audacious” public relations to help launch their ten-room bed and breakfast operation near downtown Denver, Colorado, according to an article in Marketing News.

Hillestad was able to generate mentions of his inn in such prestigious publications as the New York Times, as well as in Inc., Elle, and Bridal Guide magazines. Among the various “tricks” he used to generate free publicity was sending articles about the inn to magazines outside of the travel industry. For example, by customizing articles to the specific editorial approach of each magazine, like focusing on the inn’s antiques for an antiques magazine, or sharing some of the inn’s recipes with a food publication.

6. It’s more believable (and more memorable). Even if your business can afford to and does use paid advertising as a promotional tool, you should still make the maximum possible use of publicity. Why? Because people simply have more faith in what they read in the editorial columns of a newspaper or magazine and in what they hear from TV or radio commentators than they have in paid advertising.

News is more believable than ads. Everyone “knows” that ads are mostly fluff and hype (read that as exaggerations, if not outright lies). And everyone “knows” that if you read it in the newspaper or see it on TV the news that somebody has (more or less) checked it out and that, therefore, it’s (more or less) “the truth.” Now, I recognize that both of those statements are gross over-simplifications, but I would also suggest that it’s a pretty accurate of our general reaction to news and ads.

What’s more, news articles are generally more memorable. My friends Xochi (pronounced so-chee) and Mitch Pannell opened their flower and gift shop several years ago. Just as their grand opening date neared and they were eagerly anticipating the arrival of their inventory, UPS went on strike. With their opening just days away and their shelves virtually empty of gift items, Xochi called the local newspaper, who came and took a picture of the couple looking anxiously out the front window of their store hoping to see a UPS truck. The photo ran on the newspaper’s business page under a headline that said “Where’s UPS?” What is interesting about this little anecdote is that now, years later, people still mention that photo.

7. You can definitely “sell” with publicity. Sales pitches are by no means limited to paid advertising. I return to the tourism agencies, and, by extension, the entire hospitality industry, mentioned earlier, as a classic example of what I mean. Just look at how effectively they have used positive publicity as their primary sales tool over the years. Make no mistake about it, all those rah-rah feature articles about fun places to go in a travel magazine, and all those favorable restaurant reviews in a newspaper are most certainly selling you on those spots as somewhere you should visit.

What’s more sales-oriented than a direct-mail catalog? Most generally it’s nothing but ad-like pitches for some company’s products, right? But take a look at the Patagonia catalog, a highly successful outdoor clothing and equipment mail-order house. You’ll find page after page of “articles” written by staff members and customers about their adventure trips where they used their Patagonia clothing and equipment, rather than the more conventional photos or drawings accompanied by a description of the product and the price. Patagonia catalogs are avidly read and jealously guarded, more like a treasured magazine than just another mail order catalog.

8. Publicity can even generate revenue. More than one organization has successfully converted its free-distribution newsletter, originally published as a public relations or promotional tool, into paid subscriptions. This has been a particularly successful approach in the health and fitness industry.

In addition, there is always the possibility of putting together a collection of articles you’ve generated and originally distributed as news releases to generate free publicity into a pamphlet or booklet and marketing it. For example, this might work well for a how-to business, such as a hardware store or home center. Finally, sometimes you can even get paid for writing an article for a magazine or journal, especially if you have some unique expertise to offer (see item 12 below).

9. Regular exposure in the media legitimizes your business. As mentioned earlier, there is a subtle but nonetheless very real perception people have that if something’s in the paper or on TV it must be important. The media themselves foster and promote this attitude because it makes their role seem more important, more indispensable. If your name shows up regularly in a positive way in the media, it helps pave the way for when your business goes to see the bank for an expansion loan. Regular mentions in the media say to the community, “We’re here to stay. We’re neighbors contributing to the economic well being of the community. We’re not some fly-by-night outfit that’s here today and gone tomorrow.” Regular mentions of your business and its people adds to your prestige, your credibility, your stature.

10. It can help you recruit good employees. You might think this item ought to be included under the last one, but actually it deserves stand-alone status because it’s going to become increasingly important in the years ahead. Changing demographics and life-styles suggest that there will be increasing shortages of skilled and experienced workers in many fields.

So, when you run your ads in the classified section or post a job to an online job bulletin board for the people you need to hire in order to expand and grow, what’s their reaction going to be? Are they going to recall reading and hearing positive things about your firm and therefore think, “Yeah, that’d be a good place to work. You can get ahead there; they always seem to be promoting people. They seem to be interested in their employees. Wasn’t there something in the paper about a new training program they just aalunched?” Or is their reaction going to be something like, “Why would I want to work there? I’ve never heard of them.”

11. You can do it yourself. If you don’t have a background in marketing and promotional work, successfully generating favorable exposure through news releases is easier to accomplish on a do-it-yourself basis than through paid advertising. A paid ad campaign, especially if it involves a highly competitive marketplace and extensive use of mass media (particularly TV), requires a good deal of sophistication to be effective. With publicity, you can “dash off” a basic news release and still get the attention to a reporter or editor.

12. You can become a media “source.” Finally, it’s simply a good idea to develop relationships with the media in the same way that it’s a good idea to develop other kinds of friendships in the community. Today’s buzzword for this is “networking.” The fact is, writers and reporters are always on the lookout for “sources,” especially at the local level. For most reporters, especially at the local level, nine out of ten of their “sources” are people in various specialized fields whom they have come to know and trust and whom they call on for background information to help them understand a complex issue they’re reporting on. In many case, a “source” is quoted directly, thus giving yet another positive plug to the business or organization the source is affiliated with. But, even you’re not quoted directly in the story, think of the important influence you could have on how the media reports information vital to your field.

Publicity is free or very low in cost, especially by contrast to paid advertising. Publicity is a very powerful promotional tool, perhaps even more powerful than advertising. Your competition is probably not utilizing publicity as a major part of its promotional program, since so few small businesses do. And publicity is relatively easy to accomplish, in fact, with the right approach, the media will very likely do most of the work for you. With all these advantages, how can you not take a good look at implementing a more proactive publicity program?

Shockingly Good Support From a Hosting Company – Worth Shouting About

In 1998 I started a small (miserably so) online business and had my first experience with selecting a hosting company. Back then it was really no big deal because mine was way too small a business to have many hosting needs and in those early times there was less competition amongst hosting companies. About all I was concerned about was having adequate storage space. Traffic wasn’t even an issue. Still, I ran into unexpected difficulties and soon learned that even very small businesses have to be concerned with more than just disk space. Support was the detail I hadn’t considered.

That first experience soured me somewhat because I learned that it can be like pulling teeth to get support from a company that doesn’t take this aspect of business seriously. The company I first hosted with turned out to be located in someone’s home — a fact that was never divulged in the advertising. The man was nice enough, and he tried very hard to accommodate me as long as my support questions came about on weekdays between 9 a.m. and 5 p.m., his time. Even then, he did not impress me with his level of expertise.

I have since been through no less than six moves, and until this last one, not one of them were easy to tolerate. If I remember correctly, the second hosting company I tried had a penchant for going offline way too many times, and attempts to get support were frustrating. An eCommerce site cannot afford to be available to customers only on occasion. By this time my business had grown somewhat and I had become very sensitive to this aspect. It was a sour experience and I remained with the company for less than a year.

Next came a well publicized hosting company that had received some good reviews — though I’m still a little suspicious of so-called reviews one finds online — and while the initial move went well, I had ongoing problems with connectivity and, again, a horrible time getting support. For one thing, there was no phone support at all. Everything had to submitted via a support ticket. This is fairly common, I’ve found, and there is nothing inherently wrong with support tickets, unless they are slow to be addressed and there is no alternative route to Support. Also, there was a most obvious language barrier which led me to believe “Support” was located off-shore. I am certainly not racist, but I believe it is mandatory that both parties are able to understand each other for anything constructive to happen. It was ugly.

The next experience was awful, more so than any other, because after a few months of reasonably adequate hosting the company I had moved to simply went out of business, with absolutely no prior warning. This was so bad word spread throughout the Internet and it became a well known debacle.

Skip to my most recent forced move. The host company I have been with for the last three years, I will say, has been a good host. It shall go un-named because I have no malice toward it. I had to move because, as an eCommerce site, I am compelled to show that I am PCI compliant in order to continue accepting credit cards via the Internet. This fairly new security measure is one I applaud, as it goes a long way to giving the buying public the kind of hard and fast security that has been lacking up to now, but because my hosting company was either unable or unwilling to provide a PCI compliant environment I was forced to find a new host. I imagine there are thousands of businesses scrambling to find hosting companies that will meet this need, which is one of the reasons I decided to write this article.

I found TVCnet.com as a result of being referred to them by McAfee Secure, a well known company that provides online businesses with security scanning and certification. They told me TVCnet.com was one of the very few hosting companies they felt comfortable recommending. When I looked at the available packages this hosting firm offers, I have to say I was not blown away. The packages are fairly small, but the pricing is also very affordable. The BIG plus was that they obviously put themselves forward as the leader in striving to be, and stay, PCI compliant for the sake of all their eCommerce customers. I decided to give them a try. My expectations were low until I called the phone number on the TVCnet.com home page . . . and got the owner!

Not only did Jim Walker answer my questions, he did so with candor, amicability and enthusiasm. He did not over sell. In fact he went out of his way to make sure I knew exactly what the company could do and what not to expect. There was precious little of the latter. I didn’t keep him on the phone, he kept me on. For over twenty minutes he spoke with me and would not hang up until he knew every one of my questions and concerns had been answered. Result was that I signed up an hour later, via the online process. Still . . . I knew not to expect an easy transition. There was a shopping cart that had to work, a Linkpoint gateway that had to work, and several other site functions, including installation of my privately owned SSL cert, that had to go well. I crossed my fingers and waited, while Jim and his support team handed everything. I didn’t have to upload a single file. My entire site was moved from the current host to TVC and every script and application was handled with care and concern.

Yes, there were problems. My payment gateway to Linkpoint refused to install properly and I fully expected this to take days to fix. But Jim, himself, stayed at it on into the weekend without interruption until it was done and working flawlessly. We exchanged dozens of emails (less expensive than phone time and email affords a record of the process that can be saved), and all I had to do was provide him with access information to various sources where he knew he could find the information he needed.

Jim does not know I’m writing this article. I am doing this because, quite simply, I am blown away by the seriously impressive support — no, let’s make that Support with a capitol ‘S’ — that TVCnet.com provided to me. Others need to know about this company. Hopefully, this article will make the road less bumpy for others who are compelled to find PCI compliant hosting, and for anyone with any sort of web site who would like to be hosted by an intelligent, helpful and friendly company.

Letter Writing Techniques – Good News Vs Bad News Letters

There are different strategies and techniques to be discussed when writing good-news and bad-news letters. In good-news letters a writer is conveying good news to the receiver. The first paragraph (introduction) provides the good-news topic (reason for the letter). The second paragraph (discussion) provides the details of the good-news and the third paragraph (conclusion) calls for action.

Bad-news letters use the indirect approach and opens with a neutral idea while providing facts and supporting evidence. The second paragraph presents the reason for the bad news letter. The third paragraph ends with a neutral close. Tact and politeness is required when writing a letter of bad news. A writer of a letter of bad news must pay attention to tone and structure throughout the letter to avoid future problems. Writers must prevent themselves from offending the reader.

All writing is a form of persuasion. A writer tries to persuade their reader to understand his, or her point of view. Attention to wording is essential in a bad-news business letter to prevent breaking the code of ethics. An example for a reason for a bad-news letter is:

A company I work for has been advised to downsize labor cost by any means possible. The only choice I have is to terminate all temporary positions within the company. This decision requires that I write bad news letters to each of the temporary employees, terminating them and explaining to each one the reason for termination. I must take care to use tact and politeness throughout the letter while making it clear that their job performance was excellent and had no bearing on my company decision. When writing to the employee, I should offer a severance pay and to write a letter of recommendation to help the employee with job search. Additionally, medical benefits should be extended for a short time after termination. Additionally, letting the employee know that with his, or her given qualifications and proven abilities, I am confident that he or she will find another position in the near future. End on a calm and upward happy note.

Unsecured Small Business Loans – Good News – Stimulus Bill Allows SBA 90 Percent Guarantee For Loans

Anyone remotely involved with small businesses, whether as a consultant, lender, supplier, leasing specialist, trade association, or simply as a consumer who is tired of driving by sections of town and wondering why your favorite business unceremoniously threw in the towel, would very much like to hear some good news. Not to mention the small business owner itself. After all, there are 27 million small businesses that deserve to be thriving in this nation, but too often were ignored by the Bush administration. Classically non-complainers by nature, they just want a scrap of hope thrown their way. And I’m not talking about wide-eyed idealists looking for handouts-in all due respect to Emily Dickinson, they’re not looking for the”thing with feathers that perches in the soul”. Just give us a few bucks and we will run with it. This is a continuing article (20 in all) on the subject: Help. Is anyone out there loaning to small businesses anymore?

Fortunately there is a loan program out there and SBA lenders are actually making loans currently: the Community Express Loan Program. This gives unsecured small business loans between $5,000 and $50,000 with very little paperwork, answers typically in two days, interest rates presently at 7.75%, funding and two weeks, and monies wired directly to your business account. There are still lenders participating in this program, although Congress has failed to make the program permanent and still has a 10% cap on the number of loans.

Enter the Obama stimulus bill. Let us look how it affects this program and small business lending as a whole.

If you have tried to wade through the 1,100 or so pages of the new stimulus bill (American Recovery and Reinvestment Act of 2009), you know its like chipping through granite. But let me pull out a little gem. It now allows the U.S. Small Business Administration (SBA to you) to guarantee up to 90% of loans made by private lenders under their program. Let me explain. This is great for Community Express.

When the Small Business Act was enacted in 1958, it had a very simple mission. Find a way to get loans to small businesses that couldn’t get them through traditional channels. It did this in an ingenious way. They knew banks where reluctant to loan to small businesses, especially startups, because of fear of failure. So the SBA collected a fee on each loan and used this as a fund to pay banks if there was a default. Bingo, there was invented the SBA guarantee fee. It doesn’t take a degree in rocket science from MIT and an MBA from Harvard to know this gives incentives to the banks to make more loans.

SBA loan programs have guarantees from 50% to 85%. Specifically, the SBA currently has an 85% guarantee on loans up to $150,000 and up to 75% on loans above $150,000. On the other hand, there are some programs that only go as high as 50%, including the Express Loan program (for those types of loans the new guarantee will not change). With the new stimulus bill, the SBA has the right to increase these fees to 90%.

Think about this for a moment. Simple math tells us more guarantee, the greater the likelihood of the bank making the loan. For goodness sakes, 90% is tapping on the door of a 100% guarantee! Also note the guaranteed portion is typically sold on the secondary market (which has recently shut down to almost nothing) so there is more chance for loans to be sold and more money to go back into the coffers of the banks for further lending.

Notice I said the SBA has the right to increase it to 90%. It can pick which program. And it has not occurred yet. But if I was a betting person, I would say they would be seriously looking at most of the programs because everyone is scraping for ideas to revive the economy.

For those addicted to primary source documents, this is what the new statute, in relevant part (my attorney wanted me to add that) says:

SEC. 502. ECONOMIC STIMULUS LENDING PROGRAM FOR SMALL BUSINESSES. (a) PURPOSE- The purpose of this section is to permit the Small Business Administration to guarantee up to 90 percent of qualifying small business loans made by eligible lenders.

(b) DEFINITIONS- For purposes of this section:

(1) The term ‘Administrator’ means the Administrator of the Small Business Administration.

(2) The term ‘qualifying small business loan’ means any loan to a small business concern pursuant to section 7(a) of the Small Business Act (15 U.S.C. 636) or title V of the Small Business Investment Act of 1958 (15 U.S.C. 695 and following) except for such loans made under section 7(a)(31).

There is also a sunset provision under Subparagraph (f) that the guarantees are only good for one year after enactment of the bill, unless extended by Congress.

So what does it do for me now as a small business owner? Well now the not so good news. I predict the SBA will be increasing many of its programs to 90%. But to get the banks in the lending mood again, there has to be a secondary market. There is also new legislation on that, which we will discuss in another article. But once we have a secondary market, I predict that they banks will not only loan, but do so in a big way. For three reasons:

First, history tells us when there is economic inactivity due primarily to depressed conditions, when the cycle changes for the better, like a sling shot affect, it changes dramatically. Remember when people were unable to refinance or purchase their homes because of tight markets and high interest rates? The rates went down and many jumped at the chance to refinance, improve their homes, and purchase (some say too precipitously) with abundance. Although this is an overstatement and also depends upon other factors such as employment, standards of living, etc., the analogy holds that when things loosen up, there will be a substantial number of business loans.

Secondly, banks are in large part in the business of making loans and they have not been doing so for some time. They will be anxious to make profits again.

Lastly, simple economics tells us when there is a vacuum in the market; capital will rush in and take advantage of that open market and initial lack of competition. Large banks are not making business loans so small community banks are starting to rush in to take over the arena. Give them a secondary market and they will explode.

So for the small business owner, I think this news of 90 % guarantees is favorable. Why did it take them so long?

How to Choose a Good Business Process Outsourcing Service Provider

Did you know that organizations that prioritize business process outsourcing services see 12 times higher return on sales than companies that do not? This was observed by the International Customer Service Association. Therefore, it is imperative that you indulge in delegating the work in order to achieve the set target of your business. A provider of BPO services can successfully handle your diverse work areas while you concentrate on the core functions.

Things to Make Sure While Hiring Business Process Outsourcing Services

Businesses that choose to hire business process outsourcing services can cut down their cost of investment to a great extent. Following are the top guidelines to adhere to while choosing a BPO services provider to reap the benefits of outsourcing:

1. Effective Government

The government should not only be supportive but should also actively contribute to the BPO industry. The government of the leading countries, such as India, formulates policies and regulations that help the business process outsourcing economy grow. Make sure that the political structure is stable enough so that the economic structure does not face any threats. Economical threats, low foreign direct investment rate, may shake the stability of the outsourced company.

2. Infrastructure and Technologies

A developed infrastructure and latest telecommunication advances can help your business grow leaps and bounds. Problems, such a congested phone lines, frequent server downtime, outdated software can lead your business to face a hard time. Make sure that you research well and choose a location where there are more numbers of high-tech parks built for smooth business operations.

3. Skilled Executives

Skilled professionals are essential to reflect the goals and values of your business effectively. Customers often feel hostile and frustrated when the customer support executive is not tech-savvy and take more time than expected to troubleshoot. Such inefficiencies in business process outsourcing services companies can make you lose customers in no time. Therefore, ensure that the BPO service provider appoints IT and software skilled personnel.

4. Anytime Service

Businesses do not want to stop their sales at any point of the day. Therefore, hiring business process outsourcing services in countries which offer a smooth flow of your business at any hour of the day will prove useful. Customers calling for support during late evening hours or early morning hours would be effectively entertained. Employees of the outsourced BPO service companies also would not have to suffer with ‘graveyard shifts’. Customers rely a lot in companies that facilitates 24×7 support services and want to deal with the company again in future.

Are Simultaneous Submissions a Good Idea?

With regards to the question of simultaneous submissions, I fear I may not be able to offer a set answer. As a publisher, I am not enamored by the thought of an author sending me a manuscript that is currently floating among several other slush piles. However, as an author, I am tempted to cast a wide net for my book and hope somebody bites. The thought of waiting for one publisher to pass on a book before sending it to another editor can be daunting for authors, particularly if a favored publisher takes a year to decide.

I have read stories of books that were rejected by one publisher years after they had been accepted and published elsewhere. It is funny to read, yes, but when one looks at simultaneous submissions from two different perspectives – as I have the ability to do – one will know that there may be serious repercussions to violating the wishes of a publisher or editor. As with any aspect of the publishing industry, there are pros and cons to sending out a book to several publishers at once, and there are things authors must know about publishers before they submit.

In addition to producing quality fiction and non-fiction in eBook, trade and/or hardcover format, a book publisher is ultimately in the business of selling books and making money. In order to stay in business, the publisher must be judicious in selecting which manuscripts are to be included in their catalogs. Depending on one’s budget, a publisher may offer anywhere from five titles a year to five titles a week. Consequently, the rate at which a publisher reads through and evaluates manuscripts may vary according to their publication schedule. Normally a publisher will advertise in its submission guidelines how long an author should wait for an answer, yet there are always circumstances that may arise and force delays.

As an author, I can relate with others who want answers now, so that they may either prepare for publication or ready the manuscript to send to another prospect. I have also learned, too, that impatience can backfire on an author. Once, given the choice between submitting a story as part of an anthology or submitting it solo to another publisher, I chose the latter because I wanted to see the story published. Long story short, the latter publisher folded, and the anthology was accepted and published without my story. My work remains unpublished. Sometimes it pays to be patient.

It is acceptable with most publishers to send a query after a sufficient amount of time has passed. If, for example, a publisher advertises turn-around within 120 days, a message after that time period may alert you to the status of your manuscript. As to whether or not it is acceptable to submit to several publishers at once, here are a few things to consider:

1) If a publisher specifies that no simultaneous submissions are allowed, take that into consideration. Reading a manuscript for potential publication is an investment of time and, in some cases, money. Some publishers use volunteer readers for evaluation, some take on the job themselves, while others hire on readers to separate the wheat from the chaff. As such, some publishers may wish to preserve that investment with the knowledge that they have exclusive readership to a work they may wish to contract.

Having said this, an author may be tempted to submit elsewhere anyway, if only to hedge his/her bets. If one publisher passes while another accepts, no harm is done. However, if there is a possibility that two publishers want the work, and both publishers had asked for exclusive reads, there presents some problem. While this dilemma can be remedied by simply turning away the contract by Publisher A without explanation, you will run the risk of being found out when your book is released with Publisher B. Some publishers have long memories, and Publisher A may not be so accommodating should you submit something else to them.

2) If you make a simultaneous submission, alert the publisher. If a publisher does allow simultaneous submissions, an author should be courteous to let it be known if a manuscript is sent to more than one publisher. There may be a possibility a publisher will expedite your manuscript for review if there is the possibility another will claim it. If you are a quality writer with a track record for good sales, you may be placed in the enviable position of having some negotiation power.

3) If you accept a contract for a book still out with other publishers, notify the other publishers immediately! The last thing a publisher wants to do is waste time. One major aspect of the book business is production. Especially with the romance industry, books are released at a steady rate, and publisher does not want to invest time in reviewing a manuscript that is not attainable. This can work against an author who wishes to submit to a publisher at a later date (remember what I said about publishers having long memories).

Think carefully before considering simultaneous submissions. Weigh the consequences and be prepared for every scenario. Keep track of every publisher who has the manuscript and follow-up accordingly when deadlines have passed and when offers are made. As you heed the instructions of each publisher you contact, chances are you will make an impression regardless of whether or not you are contracted. This can bode well for your writing career in the future.

Militants in Niger Delta – Bad For Nigeria, Could Be Good For Angola & Ghana

Like many developing nations with vast natural resources, Nigeria has seen a massive influx in Foreign Direct Investment (FDI), particularly in the energy sector. However, civil unrest, particularly in the Niger Delta, may be a catalyst for potential investors to look to other West African Nations as investment opportunities. Added to this are the ever present problems of ineptitude & “graft” within both state & federal government, which has brought some unwelcome news for Africa’s largest economy.

Last week, Russian giant Gazprom (OTC : OGZPY) announced that it was in discussions to inject up to $2.5 Bn into a joint venture enterprise with state owned Nigerian National Petroleum Corp (NNPC), with a view to developing domestic gas production, processing, and transportation.” Nigeria has an estimated 187 trillion cubic feet of natural gas reserves. Industry experts see the deal as a positive move by the federal government to utilize the country’s huge gas resources that have hitherto been wasted, it is estimated that Nigeria flares off as much as 14% (24 billion cubic feet) of global gas wasteage.

The Russian gas company is attempting to become involved with the Trans-Saharan gas pipeline (TSGP). The pipeline, which would connect the Niger delta in Nigeria and Niger, to existing gas transmission hubs to the European Union at El Kala or Beni Saf in Algeria’s Mediterranean coast, is expected to cost $10 billion, of which Gazprom will initially invest $2.5 billion. The project is due to commence in 2009 and isplanned to complete in 2015, when Nigeria hopes it will become one of the biggest sources of natural gas for continental Europe.

Livi Ajounuma, General Manager at NNPC, confirmed that “we have signed a Memorandum of Understanding [MOU]”. He commented further on the deal saying, “It’s a good thing. It means that a giant company like Gazprom can come to Nigeria.”

All is not as rosy as it may seem however, as the Russian Ambassador to Nigeria, Alexander Polyakov, staged a withering blow at Nigerian confidence this week. Polyakov has called on the Nigerian authorities to create a stable environment for foreign nationals who come to work in the country, to continue the flow of foreign investment and development of the economy. Over 200 foreigners and countless Nigerians have been kidnapped in nearly three years of rising violence across southern Nigeria. Some militants claim to be fighting for greater control over the Niger Delta’s oil wealth, however, other gangs of armed, jobless youths make money from extortion and kidnapping.

Polyakov urged prompt release of all hostages, including some Russians,currently being held by militants in Nigeria’s southeast Niger Delta region.”Everybody in the region and the government should play their role to ensure that all hostages are freed,” he said.

There are strong indications that investment inflow to the upstream sub-sector of the Nigerian oil industry has started dwindling as foreign investors now choose Angola and Ghana as preferred destinations over Nigeria. Which in turn, threatens Nigeria’s capacity to grow its crude oil reserves as planned, it is targeting 40 billion barrels proven reserves by 2010. Analysts have identified insecurity in the Niger Delta and weak fiscal policy as key reasons why investors are beginning to leave for more stable business opportunities in Africa. Recently due to militant activity Royal Dutch Shell (NYSE : RDS:A) has seen its production dropping from one million bpd to about 380,000 bpd at its Bonny terminal in the south of the Delta. Exxon has also experienced increased insurgent activity in its Nigerian operations.Last week, local union officials threatened to call a strike which would shut down crude exports from the River state, until such time as the issues are addressed by State & Federal officials. Nigeria is already suffering from production slow down due to militancy, currently the Niger Delta is only exporting 1.8 million bpd, compared with a targeted 2.2 million bpd.

Near neighbour Angola has now begun to attract more investments from oil companies as International Oil Companies are making long term expenditure commitments in the African oil ventures. Total (NYSE : TOT) said last week that it would continue with a $9 billion investment to raise production in Angola, despite the huge drop in crude prices since July last year. Total plans to stick to its major investments in Angola, even as it expects crude prices to recover, the company’s top official in Angola said.

“We are living through a crisis that has pushed oil prices to very low levels. Therefore, we are being extremely strict with all our investments,” Olivier Langavant, Director General in Angola, was quoted as saying in an interview with Reuters. “But the big projects (in Angola) like the Pazflor, which is a $9 billion investment, will be maintained.”

Pazflor, Total’s third production hub in Angola’s offshore Bloc 17, is expected to begin pumping oil in 2011 from water depths of up to 1,200 metres, according to the company’s website. Total is the third biggest oil producer in Angola after Exxon Mobil Corp. and Chevron, pumping, on average of over 500,000 barrels per day.

Chevron, Total and Eni are currently developing a $4 to $5 billion liquefied natural gas plant in Soyo, Angola. Whilst in contrast, Nigeria’s flagship Olokola, Brass LNG and NLNG Train 7 projects are yet to take off. Because of the high spend of the oil majors in Angola, oil service companies have begun to win big contracts. BP has awarded Halliburton more than $600 million in contracts for up to four projects in Angola.

Meanwhile, in Ghana, offshore oil finds in 2007 have led analysts to look at the small nation as becoming an “African Tiger”. Three vast blocks off of the West Cape Three Points are believed to hold vast reserves that may well outshine those enjoyed by Nigeria. The Jubilee field, one of West Africa’s biggest oil strikes in years, likely containing recoverable reserves of at least 1.2 billion barrels of oil equivalent, with first output scheduled for the second half of 2010. IOCs are lining up to take advantage, as smaller independent firms such as Kosmos Energy struggle to find capital to develop proven resources in the area. Kosmos is reputed to have a $3Bn stake in the area up for grabs, according to industry website Rigzone. The current breakdown of partnership/ownership across the three blocs which can be viewed here at AfDevInfo, also includes US independent Anadarko (NYSE : APC) & the UK’s Tullow (LON : TLW), along with various Ghanaian government run corporations.

This at a time when foreign investors in the Nigerian capital market withdrew some $4 billion from the Nigeria Stock Exchange kick starting a decline of over 50% in three months, according to its Director General, Professor Ndidi Okereke-Onyiuke. Coupled with an ever rising inflation rate, the highest for more than 5 years, is a major setback for Nigeria’s hopes of becoming a local economic giant.

Exit mobile version