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Steps to a Perfectly Written Business Plan

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Steps to a Perfectly Written Business Plan

Business Plan

Learn, improvise, pivot. Learn by doing. Everyone has a plan until they get punched in the mouth (thank Mike Tyson for that quote). That’s the excuse most people use when avoiding writing a business plan when starting the entrepreneurial journey

Don’t make that mistake. Business plans are an essential part of any successful enterprise. They create structure and clear expectations. They set paths to growth and profitability, with key milestones. And if you’re looking for financing, it’s an all-important tool. In short, you can’t go without having one. Here’s how you can write your perfect business plan, even if you have no clue how to do it.   

Before You Write: The Rules

Before you put digital pen to paper, let’s get a few things straight right from the get-go. Follow these rules when writing your business plan and you’ll avoid many of the common pitfalls. 

Take Your Business Plan Seriously 

Business plans are not add-ons or a box you need to tick to get started. If you’re taking more time perfecting your business card or signage over your plan (although the print is also important when starting!), you’ve got issues. 

Keep Things Short and Simple 

It’s tempting to want to write a sizeable tome when putting together a business plan. We recommend going the opposite direction: keep it short and sweet. Instead of writing 300 pages, go for a concise 30. It’s a guideline document, not a play-by-play. 

Don’t Use a Thesaurus 

Remember back in high school when you thought using a thesaurus would improve your English essays? Yeah, it won’t help here either. Instead of waffling on while using superfluous language, you want to get straight to the point using simple terminology. 

Forget Perfection

You’re just starting out. You don’t have much money and you’re not exactly a business expert. Writing a business plan seems like a daunting proposition. And it is if you expect perfection. Getting the ball rolling is the most important rule; the rest will come. 

To summarize this section: make your business plan an easy and smooth read. This is important on two counts. First, they’re often frequently used as reference points. Future you will be annoyed about having to struggle through painfully complicated language or what’s akin to a thesis. Second, potential investors will hate you if they have to trawl through what’s essentially unnecessary garbage when assessing your business. 

What You Need to Include 

Business plans can be split up into distinct parts. You’ll need to include these if you want to be taken seriously. We’re giving you a quick run-down of each one, but SBA.gov has a handy guide that goes over the following in a little more detail: 

  • Executive summary. If someone asks you what your business does and where it plans ongoing, this is what quickly answers that question. 
  • Company description. This is where you do a deep-dive on your organizational structure and how your business will deliver their product and service. 
  • Market analysis. What’s your target market? You want an in-depth analysis of who you are selling to, your competitors, and how you’ll stand out. 
  • Organization and management. How is your company structured? Who does what? You also need to include the legal structure of your company. 
  • Service or product. What is it that you’re selling, exactly? 
  • Marketing and sales. Sure, you have a solid product. But how are people going to find out about it and buy it? 
  • Funding. If you’re going to try and raise funds for your business, you need to know the numbers inside out. 
  • Financial projects. Don’t include pipe dreams or pie in the sky figures. Serious businesses do proper calculations in this section. 

Write, Review, Edit

Finished? Ready to print it off and then leaving your business to gather dust? Not so fast. Before you hit CTRL+P, you want to review your document with painstaking detail. It’s annoying but necessary. 

And once you’re done, consider it a version 1.0. As your business develops, matures, and becomes successful, you’ll want to go back and edit accordingly. Consider your business plan a ‘live’ document, revisiting it as things change. 

Remember Your Why 

We’re ending with a slight cheesy note, apologies. But we think it’s a worthwhile point nonetheless. When writing your business plan, remember your Why. This harks back to Simon Sinek’s seminal book on what inspires a business. 

It’s not the How. It’s not the What. It’s the Why. That’s what makes people tick. And it’s that exact thing that makes your business unique, why it will (hopefully!) succeed. Your Why needs to permeate throughout your business plan, weaving itself through the raw financial data, the fancy market graphs and analysis, and your company structure. Do that and your business plan will go next-level, we promise! 

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What Is Microsoft Teams and Why Use It for Your Business?

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What Is Microsoft Teams and Why Use It for Your Business?

Businesses are always looking for ways to collaborate and communicate better in the organization. Among the best platforms to choose from, one that stands out is Microsoft Teams, and it’s something included free in Microsoft365 and Office 365.

So, let’s not delay further and dive into why you should be using this great collaboration tool for your business.

Microsoft Teams Key Features

Microsoft Teams is part of the Office 365 productivity suite. Teams is a platform that allows you to collaborate using unified chat, file sharing, video, and voice. It hosts different features, including hybrid Microsoft Teams calling solution designed to fit office, remote, and distributed workgroups.

Here are Teams’ key features:

Chat

Users can both enjoy one-on-one messaging and group chat. These also include modern messaging features such as emojis, text formatting, and priority flagging. Users are also able to share files directly through chat sessions.

Channels

The true ability of Teams lies in the users’ ability to collaborate through different channels. You can set channels to be either public and open to everyone or private and focused on specific topics. Channel owners have the control to authorize new users to join their channel.

Meetings

Video meetings are open for over 100 users per session, and Microsoft Teams is actively working on increasing the limit and adding new features. Users can schedule video calls on a channel’s calendar or simply create them instantly. Users can also enjoy screen-sharing options during video call presentations.

Audio Conferencing

This is a kind of feature you don’t usually see on most collaboration platforms. Within Teams’ audio conferencing, anyone can take part in an online meeting through their phones. Even users who are not in the office can participate with no internet required through a dial-in number. But take note, this will require additional licensing.

Calling

This is one of the most overlooked features in Microsoft Teams. Its ability to offer outbound calls to clients is an excellent way for mobile or remote users to stay connected in one single, reliable connection.

Document Storage

With Teams, every organization that uses the platform will have its own site on SharePoint Online, containing a default document library folder. All files that you and your team shared across all conversations will also automatically be saved to this folder. You can also customize permissions and security options for sensitive information.

 

Why Use Microsoft Teams?

Microsoft Teams is a powerful tool, so why not use it? If you’re still having second thoughts, here’s what you and your workers can enjoy from this collaboration solution.

Secure Collaboration

Microsoft Teams provides all the security features of the Microsoft 365 suite. This includes two-factor authentication and encryption in transit and in the cloud. Moreover, t has ISO 27001 and SOC 1 and SOC 2 compliance.

Microsoft Teams may be locked and secure, but it doesn’t;t in any way hinder you from working with internal and external collaborators. Your admin can generate guest accounts that let you collaborate on calls on different channels with clients or any external stakeholders.

Data Visibility and Better Management

As a business leader, you get excellent visibility and insight into the work carried out in your organization. Since conversations within Teams are persistent, they become valuable information assets on Office 365’s governance and management tools.

For instance, all files and conversations in channels are saved in the Microsoft 365 cloud. You get to see which channels users are working in, how work speeds up or slows down, among many other things.

Microsoft Office Integration Options

Teams is tightly integrated with the rest of Microsoft 365. This means users can create and manage Word, Excel, PowerPoint, and OneNote files and work with other content in their team’s SharePoint sites. Teams is also unified with Microsoft Power Apps, which allows any user to create a low-code app and share it with a team.

Comprehensive Third-Party Integrations

Microsoft also opened up Teams to third-party integrations. Many providers joined in, including ZenDesk, Asana, and CalendarHero.

Audio and Video Calling

Teams’ calling capabilities don’t end with its robust video conferencing tool. It also allows outbound calls from PCs and mobile devices, making Teams a great way to offer consistent communication to hybrid users.

If you’re someone or your employees shift from the office to home, on the road, and back again on an unpredictable schedule, Teams is the best tool for you.

Automation Tools

Microsoft Teams boasts different bots that’ll help you automate time-consuming tasks. Statsbot can pull reports from sources like Google Analytics or Salesforce and send them directly in channels. Teams’ Polly Bot can also poll coworkers for streamlined and automated feedback. While T-Bot answers common questions about Teams, lowering the burden for service and support providers.

How does your workspace operate?

If you’re searching for a cloud-based collaborative workspace for your organization, you don’t have to look further. Microsoft Teams, with its rich mix of communication and automation tools, can bring together different working groups even in the most challenging circumstances.

Teams lets you have a great team space so that your employees can make creative decisions and communicate with one another more effectively. This shared workspace software makes this easier to achieve, especially if a team is based in a large company, has several remote employees, or comprises a huge number of team members.

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NRIA’s NYC Rentals Report

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NRIA’s NYC Rentals Report

According to NRIA and other data we’ve collected and analyzed from various sources including, Street Easy and Elliman, New York City has not taken quite the hit that everyone expected coming out of the pandemic.  Sure, several restaurants shuttered their doors permanently while more than a handful of NYC residents packed their bags for Florida, but, maybe Seinfeld had it right all along.   New Yorkers, real New Yorkers, are here to stay.  They come for the opportunity and stay for the energy.   Maybe that’s right and maybe it isn’t.  Only time will tell if NRIA and others following suit in their analyses, are on the money with their predictions.  But if rental rates are any indication of the city’s future, our money is with NRIA and Jerry. 

Rentals in New York City

Manhattan, Brooklyn, and Northwest Queens have all seen a surge in new lease signings in 2021, with their highest total showing in February.

Manhattan

Admittedly, and contrary to our thesis, Manhattan’s rents have indeed fallen sharply, leading to the monthly concession rental equivalent being the second-highest on record. Though listing inventory has been lower than it was in October, when it was at its peak, it nearly tripled the levels from years ago. So rents have fallen but haven’t been cut in half the way one would expect from a city about to lose it’s mojo.   According to NRIA the rents and occupancy rates are set to rebound once the summer ends and people return from the Hamptons and students return to college.  Look for heavy lease signing in August and September, 2021.

Brooklyn

In the February report, the number of lease signings in Brooklyn was the highest since Douglas Elliman began tracking. The average amount people pay in rent fell more quickly in 2021 than it had in nearly a decade. According to NRIA, another aspect that has lent itself to the high number of leases in Brooklyn is that landlord concession market share has stayed high this year, though it has declined slightly since its peak in November.  Brooklyn, more than any other borough of NYC is poised for a rebound.  Even after Manhattan’s super-dense populational draws have lost their luster in the new world of six-feet distance, Brooklyn has always maintained an unique brand that defines itself distinctly as what could be labeled “not-Manhattan.”  And with Manhattan rents not taking the hit that the fatalists predicted, Brooklyn continues to benefit as those looking to emigrate, but not really, can choose to leave NYC without leaving NYC.

Northwest Queens

Douglas Elliman Real Estate has been tracking new lease signings in Northwest Queens for nine years. February’s report saw the highest number of new lease signings since that tracking began. The cost of rent has fallen year over year for ten months straight. The landlord concessions’ market share has risen year after year for six months straight and was the second-highest amount on record in the February report.

New York City, New York is also a hot market for renting. According to NRIA, with landlord concessions up and rental costs down, if you’re looking to rent, now is the time to do it.

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Safezone.ai is already the talk of the town- Check out the latest and exotic smartwatch

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Safezone.ai is already the talk of the town- Check out the latest and exotic smartwatch:

Safezone.ai has grabbed the attention from around the globe in almost no time after its introduction into the market. The features-enriched smartwatch is now the talk of the top technology experts for its extraordinary and astonishing attributes.  The collective hard work of the tech-savvy engineer’s group and some medical professionals resulted in the concept behind the smartwatch.

Safezone.Ai -An absolute revolution:

Safezone.ai can be seen as a revolutionary product in the world of smartwatches. It is all unique for its exceptional work. Equipped with dynamic health monitoring properties, it has an in-laid oximeter that is capable of taking the measurements of blood oxygen in real-time and uploading that data to the server every ten minutes. Safezone.ai aims to establish a safe society experiencing a safe tomorrow in the influence of the latest technology like AI.

About:

Safezone.ai serves by helping educational and business structures through its surveillance of covid-19 possible victims and provides them with a safety zone of their own.  Just deploy a safety strap and it will monitor the blood oxygen and body temperature of its user every ten minutes. It serves to monitor BP, ECG, and heart rate.

What makes it unique?

A feature that Safezone.ai a unique innovation is its capability of reading blood oxygen and body temperatures. These are later used for the further calculations of smart/ML-based probability scores. This helps the prediction of infection in a user. This procedure is followed by the identification of coronavirus symptoms in users and limiting the possible spread of the virus among people.

The most in-demand product:

Safezone.ai is being introduced in the U.S, India, and other states of the world. We can say that is it already highly in demand because it is an ultimate life-saving product and people are going crazy for it to help their loved ones keep themselves safe at work.

Working procedure:

Safezone.ai works in three simple steps, for a clearer understanding, I will list them out in an easy way below:

  • Initiation:

It implies the establishment of zone and zone numbers by your organization. This helps people to be identified by their safe strap IDs.

  • Visibility & control:

It implies getting notifications by administrators as any suspect is identified. It helps to prevent the suspect from entering into physical activity.

  • Welfare & advancements:

It is followed by helping your zone administrators with their roles and responsibilities. It also involves helpdesks and monitoring services at hospitals.

Technical builds:

SafezoneAI smartwatch operates on Android 4.4 and above iOS 8.2 versions. It tracks and measures blood oxygen and body temperature, ECG & BP. It operates with multi-exercise mode, it monitors when a user is asleep. It uses USB plug-and-play supported by 4.0 BLE and can work up to 5-10 days.

Get yours today-

Want to order one for yourself? the starting price is barely 100$. See the astonishing designs with a large variety by visiting their official website at this link, or visit Facebook, or see the detailed unboxing on Youtube.  For more details, Call 18007640593 or send a mail to them at [email protected] or 1108 East Main Street, Ste 906 #567 Richmond, Virginia 23219, USA.

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