What to Prepare Before Opening a Restaurant

It is great to start a restaurant business because people love to eat delicious menu. After preparing the building, you have to complete it with the elements of restaurant. One of the important elements will be furniture. If you want to serve something different, you can consider restaurant furniture from Canada. Actually, there are several items you can prepare for your brand new restaurant.

For example, you have to prepare table. In this case, you can just prepare specific table such as folding table made of melamine, round table made of plywood, half round table made of plywood, resin light weight table, and many more. You also have to prepare chairs. There are also various types of chairs you can use for your restaurant. Those are including stacking chairs, banquet chairs, cluster chairs, bench wood chairs, and many more. Don’t forget to give additional accessories in your restaurant so it looks comfortable and cozy for the visitors. You can add stools, umbrella for outdoor table set, out door furniture if you think that the scenery around the restaurant can be a natural backdrop. It is also good to add small bar for specific visitors.

Just consider about the material of the furniture. You can choose furniture made of plywood, plastic resin, melamine, wood and many more. Furniture from Canada can be your option because it brings quality and style. It seems that the furniture from Canada will be suitable for your new stylish and cozy restaurant. Before buying restaurant furniture suit to you, it is better for you to decide the theme of the restaurant first. By deciding the theme of the restaurant, it will be easy for you to decide what kind of furniture you have to buy. Hopefully, you can open your restaurant soon

How to Start a Movie Theater Business

Starting a movie theater business can be challenging and rewarding. Movies are one of the best sources of entertainment, and are popular amongst the young and old. With millions of patrons attending theaters each year, it can be a lucrative business, if you are planning to start one. However, there are plenty of important decisions to be made, and factors to consider, before starting a theater business.

There are two ways to actually start a movie theater, you can either start your independent movie theater, or consider being a franchisee of any large company like United Artists. While starting an independent movie theater is like building an empire from scratch; franchisee provides you with all the set up and you have manage it all. Owing your own theater also gives you far better control over the business, but requires a lot of initial capital. Therefore, if you are planning to enter this field, you should consider becoming a franchisee instead of starting your independent one. Find in this Buzzle article a few pointers that have to be considered while franchising your own theater business.

Pointers to Start a Movie Theater Business

– Understanding the business plan is the essence of starting a movie theater. You have to make up your mind, whether you choose to own an independent theater or purchase a franchise. Of course you need everything in writing and well planned, because if you are plan to apply for a loan, a written plan is something that the banks will consider, else will not even entertain you.
– When you opt for a franchisee, they have a few set rules, which you have to abide by. Each theater company has different set of rules governing the theater’s operations, like what genre of moves will be

How to Choose the Right Location for Your Business

Choosing a business location is a vital and long term decision. An ideal business location is essential to the success of a business. It is one of the foremost business planning decisions. Some of the most essential factors that go into consideration while making this choice are listed below for your reference.

Choosing Perfect Business Location

Business Budget
Business budget refers to the capital investment that the business can afford to make while buying or leasing a new business premise. A business man has to give a lot of thought before he actually decides the location. It is commonly seen, that business premises located in the heart of the city are very costly while prices or rents for premises located in suburbs, smaller towns and rural areas are cheaper. In these cases, a central location is very costly and vice versa. So if the budget is high, then the business can afford premises at better locations.

Proximity to Customers
It is essential to consider the type of customers that the business will be dealing with. The foremost distinction is of retail and industrial customers. If the business has industrial customers, then the business might be located in industrial towns or within industrial zones. For retail customers, the businessman has to consider if he and his employees are going to come in direct or indirect contact with his customers. In case, there is going to be a direct and regular contact with the retail customers, then the business should ideally be centrally located or within a residential area. At such times, facilities such as car parking spaces for customers are given a top priority. e.g. Bank and restaurants location.

If the business deals with indirect retail customers viz. BPOs, there is a lot of freedom in choice of business location as business contacts are expected

Consider This Before Starting Your Own Business

Let’s face it – working for someone else can really suck. Who among us hasn’t fantasized about having our own business? No overbearing boss, a team full of stellar talent, and customers beating down the door. You call the shots and you reap the reward – makes it much easier to get out of bed at 6:00 AM on a Monday morning.

The thing is, your fantasy sort of begins in the middle – it doesn’t include the extremely difficult start-up phase. It doesn’t include up to a year of little-to-no income, working 16-hour days, or appeasing difficult clients because you just can’t afford to let one go.

Starting your own business can be rewarding, and if the stars align, profitable – but it is not something to be undertaken lightly or on the spur of the moment.

Do A Self-Check

A business owner absolutely must be a self-starter, a decision-maker and the sacrificial lamb. Are you all of these things? Be honest. Are you willing to double the hours you work? Are you willing to make the tough calls and deal with the consequences when there’s no good answer? Are you okay with paying your creditors and employees first when it means you may not take home a paycheck that month?

Do you have enough savings to not only start the business, but also to pay your bills for up to a year (at least six months)? Will your spouse resent the extra burden of maintaining the home, family and income while you toil away at launching your business? These are vital questions – poor planning causes businesses – and marriages – to fail before any kind of stability is achieved.

Know Your Talents

Most people start a business based on something they happen to be good at – but

How to Start a Cell Phone Recycling Business

Cell phones have simplified people’s lives to a great extent. You can do a number of things with this small device which doesn’t even require much space. You can stay connected to the world and can perform a number of important tasks just by clicking a button. But, have you ever thought how dangerous this device can be if it is just thrown or dumped in the ground or water? Yes, cell phones are very dangerous to the environment and the only way to get rid of this problem is, cell phone recycling. It is a way out of the disastrous effects of toxins found in cell phones. The most interesting part is that it can be taken up as a business too, through which you can earn a reasonable amount.

What is Cell Phone Recycling?

Like any other material, say plastic bottles, metal articles, waste papers, etc., cell phones can also be recycled. They have plastic, metal and many other elements which can be used to make other products. This saves Nature from the toxic effects of cell phones and also helps in recovering various metals like gold, silver, palladium, copper, etc. Electronic recycling helps to make them useful in one or the other form. It is no doubt an environment-friendly process and waste management companies associated with it are in some way saving the environment. But, you can recycle cell phone for money also. It is emerging as a new business which can be profitable and beneficial too.

Why Cell Phone Recycling Business is a Good Idea?

You may be thinking why to opt for an electronic recycling business, when you have numerous options to earn a considerable amount of money. But, the following points will help you to understand the positive points of starting this business and bright chances to earn

Tips to Start Your Car Wash Business

Tips to start a car wash business
Everyone loves cars, and they love them more when they are clean. Unfortunately, due to a fast-paced life which most people lead, spending time cleaning a car has become next to impossible. That is why, they take their cars to car wash centers and get them cleaned regularly. Due to this, the car wash industry is booming, and even though there is a huge competition in the market, this business is a hit. It is very lucrative, as it can be started really quickly. The best part about this business is that absolutely anyone can start and run it.

The success stories of car wash business are many, and that is why, many college students and teens enter this industry. It is a quick way to earn some extra pocket money. Students go door-to-door offering their services to people who have cars, but do not have time to wash their cars, or take them to car wash centers. This write-up gives you the complete know-how on opening your own car wash business, in quick and easy steps explained below.

Starting the Business


Starting a car wash business is very easy. You start with your research, usually beginning with studying the car wash industry. There are 3 main types of car wash businesses that one can start: mobile, manual, and automatic car wash services. One needs to understand each type, and do his research accordingly.

» A mobile car wash business is one that requires a person to visit homes and offer his/her services. Mobile car washers make house visits at the convenience of their clients’ homes.
» Manual car washes are those that do not have automated machines to clean the cars, rather people do all the cleaning. These car wash centers

How to Start your Own Music Teaching Business

Starting your own music teaching business
If you can play a musical instrument such as the guitar, piano, or any other, or if you sing well, you may consider starting your very own music-teaching business. It is a lucrative business option and can be done from the comfort of your home. You can take classes at home and also train students over the Internet, thus reaching a large number of students. This business requires less initial investment and can prove to be a profitable venture. There are some music teachers I know, who are earning pretty well through a music-teaching business. Knowing how to start this business can help you begin on the ‘right note’.

Conduct Background Research
Conducting a background research is of utmost importance before starting any business. In case of a business in teaching music, do some online research to understand the number of music teachers in your area, what they teach, how much they charge, and the response they get. The answers to these questions will help you gauge the viability of your business idea and tell you whether investing in this business would be profitable. If there are quite a few music classes in your locality, consider starting your business in some other area. Choose the location wisely.

Find a Mentor
Try to speak to a person who has worked in the field or someone who owns a similar venture. Talking to him will help you understand the nitty-gritty of the business. However, if he is from the same city/locality as yours, he may not divulge too much information with the fear of competition. Look up on the Internet for someone who has achieved success with a music business. Consulting him will help you know about all the aspects of starting this

How to Start a Medical Supplies Business

Starting a medical supplies business tip
Whether it is human or veterinary medicine requirement, medical supplies are a necessity for both the fields. Working as a medical supplies retailer is a good way to get associated with the health care industry. This business is one such venture where you will have to keep abreast with the latest developments in the medical equipment and supplies domain.

You will have to upgrade your stock to keep up with these innovations in the medical industry from time to time to ensure that you get a good profit margin. However, you must get a medical supplies business plan in place to get your venture moving in the right direction.

Conduct Market Research

You must explore the possibility of starting the business by conducting a market research about it. Speak to people who are already in this business to understand about the investment, response, prospects, profit margins, risks involved, etc. You must understand whether undertaking such a venture in your locality will prove profitable. Study the prevalent competition in your area, and decide your strategy. Learn how your competitors are making money, and check which products have maximum demand. Check the price they are quoting for these products, as it will form the base of your own pricing policy. Study how this business will fare in the years to come before plunging into it.

Arrange for Funds

Starting this business is usually a very costly affair. This is because the supplies always come with an upgraded medical technology. The level of investment will also depend on the type of products you intend to sell. A product with critical technology will prove to be a costlier investment than that which is a part of normal medical supplies. Try to avail for an SBA loan or a

Management Styles and Techniques

A leader or a manager should be very careful, while choosing the business management styles and techniques for an organization. This is because the success of an organization depends upon the kind of management styles and the management skills which the managers exhibit. Some management styles are people oriented, while others are project or work oriented. Here are the three management styles which are primarily used by the managers in today’s organizations.

Management Styles

Teamwork Style

Here, tasks are accomplished by constituting teams first, and then dividing the tasks among the teams. It is commonly observed that tasks are accomplished more efficiently through teams. That is why most organizations follow this style of management. The different team members bring their knowledge to the table while accomplishing various tasks, and hence, tasks can be done more quickly in teams rather than by individuals on their own. In order to function properly, there should be proper workplace communication between the various team members and also between the manager and the team members. “Team spirit” is a prerequisite for the success of this style of management.

Directing Style

In this style of management, the manager communicates the “goals, expectations, and standards” to the employees very clearly in the beginning itself. The manager is in direct control of the situation literally, i.e., he dictates to the employees what tasks have to be done, how they have to be done, and the deadline for those tasks. The manager has all the decision-making powers and seldom asks the employees for a feedback. This management style is considered slightly impersonal, but sometimes, such situations arise in organizations, such as meeting a deadline or when the number of employees is too huge, that only top-down management approach or directing style of management can bring desired results.

Participatory Style

Participatory style of management is based on

Keeping Business Records

However, business record keeping refers to maintaining a track of capital invested and borrowed, reserves made and used, liabilities incurred, both current and deferred, and outstanding payments. On the asset side, the business record keeping is directed towards evaluating fixed assets, current assets, preliminary expenses, and shareholder’s equity.

Keeping business records for big firms has a set of guidelines, rules, and regulations. The issue arises when the records are not maintained properly, which is often a cause of individual differences, negligence, or some fraudulent activity. Double-Entry and Single-Entry, are the two methods used for the purpose of maintaining the accounts of the business. These systems have been set and designed in a way that they ensure efficient documentation of any organization’s financial transaction.

Other than accounting records, a business may have other records such as Articles of Association, Memorandum of Association, shareholder’s records, debenture records and other such records. A small business firm may have letter of incorporation, employee register and payroll register. It is important that all these records are maintained for taxation purposes, legal purposes, analyzing business strategies, and future planning.

Record Keeping For Small Business
As a matter of fact and experience, record keeping for small businesses is rather cumbersome. Especially in the case of a sole proprietorship, the owner and the management is not necessarily different. Moreover, as a sole proprietor may not have the know-how about record keeping, management gets rather difficult. Here are some tips to help with the record keeping for small business. Let’s take a look at some of the constituents of business records.

Gross Receipts
Gross receipts is the total income your business earns. The documents that validate gross receipts are cash registers, bank deposit slips, invoices, bills received, and credit sale slips.

Purchases refer to the raw material and any other item that you

Careers in Business Management

Dynamic changes in the manufacturing, communications, technology, and transportation industries have also brought on changes in the list of possible careers. Business management careers provide good growth opportunities, both in terms of job scope as well as pay packages. The only catch being that one requires a relevant and current education profile to get in. Moreover, these vocations are so wide in the kinds of jobs they offer, that no matter what your skill and expertise are, you are sure to find your own place here. Let us see the various categories these jobs can be classified under.


This field mainly comprises accountants and auditors. They are responsible for the fiscal and financial accuracy of the business on a day-to-day as well as on year basis. Record keeping and data management is simpler today due to the various accounting software that are available in the market. But still, this segment is known to have some of the most stressful jobs. They entail 40 hours week but the tax season brings on more sweat and additional hours. Generally a bachelor’s degree in business, accounting, or any related field can get you this job, but a CPA (Certified Public Accountant) will always have an additional edge. The Bureau of Labor Statistics (BLS) claims an expected growth of 18 percent for this field, all through to 2016. The mean annual wage for a general accountant was about USD 63,550 in 2012.


Professionals in this field (financial managers and analysts) are the people who interpret complicated financial information and try to make out logical conclusions from it. They are hired for their critical thinking capabilities, financial insight and foresight, and their ability with numbers. A traditional 40 hours a week does okay for financial analysts and managers, but as it

Effective Financial Management Tips

Financial management means putting together the economic resources at hand to make efficient use of them and taking decisions that can successfully culminate in acquiring more assets for the family or business. With effective utilization of funds, you can even attract finance to meet the short-term and long-term requirements of the family or firm. The whole process is intense and deals with the selection of specific or a combination of assets to deal with the monetary issue, if any. The overall aim is to reduce the size of the problem and ensure fiscal growth of the enterprise or family funds.

Financial Management Analysis

This analysis deals with the calculated and predicted cash inflow and outgoings. The analysis is directed towards the study of the effect of existent funds on managerial objectives. It handles everything, right from procuring the funds to effective utilization of the same. Dedicated analysis handles procurement of funds from multiple sources, and since the funds are from different sources, they naturally need to be addressed, considering the difference with regards to the potential risk and control.


This management practice involves the optimum use of funds issued via equity, especially in the case of a business. This source is the best from the risk point of view since there is no involvement of any repayment. Management of business funds should ideally capitalize on equity capital, in spite of it being the most expensive source of funds. Furthermore, it should also involve calculation of risk, cost and control, and maintenance of the cost of funds at minimum. This is done with the intent of establishing a proper balance between the involved risk and optimized control.

Tapping Foreign Investments
In today’s competitive business world, mobilization of funds is very important. The implications play a very significant role in

Basics of Business Management

Management involves handling and controlling the activities of men, machines, material, and money effectively and efficiently. Efficiency refers to getting the maximum output from the available scarce resources, i.e., “doing things right.” Effectiveness refers to “doing the right things” to achieve desired business objectives.

Every organization works towards achieving some common goals and formulates methods to achieve them. Managers are the people within the organizations who play a vital role towards achieving these goals by monitoring and controlling the organizational activities.


It is the process of planning, organizing, leading, staffing, and controlling the activities of various resources within the organization through systemic, coordinated, and cooperative human efforts to achieve business objectives.

Functions of Managers

They typically perform five basic functions within an organization:

It is the process of selecting goals for the organization and designing necessary programs to achieve them. This helps managers to decide the activities to be performed with available resources.

It is the process of assigning and allocating tasks, authority, and resources for enabling the firm to achieve its organizational objectives.

This involves manning the various positions created by the organizing process. It involves activities such as identifying workforce requirements, recruitment, selection, and orientation of new employees.

It involves directing, influencing, and motivating employees towards achieving organizational objectives.

The main elements of the control process include establishing the standards of performance, measuring the actual performance, comparing the actual performance with the standards, and taking corrective action in case of deviation.

Organizational Hierarchy

The size of the organization determines its structure. Responsibilities of a manager differ according to his or her position in the hierarchy. Management can be categorized into three major levels:

The top-level management is responsible for the overall activities of the organization. It establishes plans and goals that influence the business in entirety. Professionals in

Self-Managed and Self-Directed Teams

The service industry is getting more attention in the B-World. It has never been as easy to establish a company, I should say, a listed company. Production and operations companies have seen so many business management concepts for quality control and best team management practices including quality circles.

Emery suggested, “In designing a social system to efficiently operate a modern capital-intensive plant, the key problem is that of creating self-managing groups to man the interface with the technical system.”

The basis of the autonomous work group approach to job design is the socio-technical system theory that suggests the best results are obtained if grouping is such that workers are primarily related to each other by way of task performance and interdependence.

Charles Peguy described, “A man is not determined by what he does and still less by what he says. But in the deepest part of himself, a being is determined solely by what he is.” A self-management team is made of such persons who are motivated by self.


A self-managing team or autonomous work group is allocated an overall task and given discretion over how the work is done. It provides for intrinsic motivation by providing people autonomy and the means to control their own work, which will include feedback.

Self-directed teams are those that have been structured to manage and coordinate their own activities, and make many of the day-to-day decisions that would have traditionally been made by a supervisor or manager. They usually have responsibility for a complete piece of work (such as engine assembly) and they work quite closely and interdependently.

According to a research study, the TQM and mass-production organized groups did not improve customer service quality or sales volume. While self-managed teams improved sales by 9.4% and the quality of customer service by 6.3%.

In fact, comprehensive surveys report that 79%

Obama Grants for Small Business

The recession has had a very bad impact on the economy of not only the United States, but also of the rest of the world, with America being the prime victim. However, there are plans set in motion by the federal government to fight the negative impacts of recession and get the money flowing through the economy again. When the Obama administration started taking matters into their hands, they rolled out a $787 billion economic package, specially intended to better the financial condition of the US economy as a whole. Almost all sectors in the economy were hit by the financial crunch; and small businesses being one of the prominent ones. Before moving on to Obama grants for small business, let us understand the role of small businesses in the economy of the US.

Recession and Small Businesses

Small businesses play a very important role in the economy of the United States of America. President Barack Obama stated that approximately 70 percent of the new jobs that were created in the last decade came from small businesses. In general, small businesses are believed to provide employment to around 40 percent of US citizens. The government is also encouraging banks and major financial institutions to offer small business loans. Banks are also required to send a report to the Obama administration regarding the handling of short and long-term loans. Obama grants for small business are also set up for aiding small businesses, contributing to economic growth.

Government Grants for Small Business

If you are thinking about starting a business on a small scale, you can apply for government grants. Note that grants are completely different from loans. Grants are kind of free money which is not required to be repaid; on the other hand, loans need to be repaid with some amount of interest rates