Category: Business Tools

Nov 21 2009

Saving on Office Equipments

A majority of office equipment do not increase in value and hence these purchases should be treated as expenses and not investments. You can still buy the entire office infrastructure; however it doesn’t really have to be all new. You may perhaps want to purchase new furniture if there is an area in the office where you meet with prospective customers. Wear-and-tear will be heavy in other areas where public image is not a factor. Liquidation sales offer an opportunity to acquire office furniture at big savings. Know the current market price and then shop carefully.

Nov 20 2009

Web Tool to Calculate Business Success

In order to help entrepreneurs assess the risk associated with launching their business, there is a special tool introduced that provides odds of success. Such a business valuation device would calculate business owner’s odds of success based on eight different factors such as industry experience, timeframe, degree of business planning, amount of capital investment, management experience and annual industry growth rate. The online tool would compare your company against hundreds of data points attached to other companies. Such a tool was implemented against the success of Twitter and concluded that the company would have 46% of success within the next five years.