Wednesday, December 30, 2009
Tuesday, December 29, 2009
Sunday, December 27, 2009
Thursday, December 24, 2009
Tuesday, December 22, 2009
Monday, December 21, 2009
Saturday, December 19, 2009
Friday, December 18, 2009
Thursday, December 17, 2009
Monday, December 14, 2009
Friday, December 11, 2009
Thursday, December 10, 2009
Wednesday, December 9, 2009
Tuesday, December 8, 2009
Monday, December 7, 2009
Friday, December 4, 2009
Thursday, December 3, 2009
Wednesday, December 2, 2009
Tuesday, December 1, 2009
Monday, November 30, 2009
Thursday, November 26, 2009
Wednesday, November 25, 2009
Tuesday, November 24, 2009
Monday, November 23, 2009
Saturday, November 21, 2009
Wednesday, October 21, 2009
Monday, October 19, 2009
This program can provide your business with the funds needed to help you withstand the financial shock and help sustain your business. By offering an enhanced retirement benefit for your key employees. These are some questions that may help you determine a key person:
- Multiple of Salary
- Loss of Value to the business
- Cost to replace the key person's sales profits and training
- Cost to replace the key person's contributions to Income
Company X was a successful manufacturing firm. It had a long-term track record, loyal clients and widely regarded products. Company X was dependent on a key sales representative, Paul, who worked at the company for nearly 10 years and had a successful record. Paul passed away prematurely, he had recently signed on one of the company's largest accounts, Paul also worked with two additional accounts that brought in 15 percent of the company's revenue. Luckily Company X held a $1 million Key person policy on Paul's life. this policy provided Company X with the funds needed at a critical time, helping tide over and expand the business.
Cost of replacement
$125,000 was used to recruit, offer a sign-on bonus and relocate a new rep.
$50,000 was allocated to special training and marketing to help the new rep get up to speed more quickly than the average new recruit
Line of Credit
$200,000 was posted as collateral to help keep a creditor from raising the interest on a credit line
$250,000 was paid to Paul's widow. If Paul had survived to retirement, the policy values could have been used to fund a non-qualified retirement benefit to supplement the gap left after market crashes and during recession values.
Financial Planning is critical to prevent unforeseeable losses; preparation is essential to a healthy organization and without a proper device, a company can be lost in a blink of an eye.
Sunday, October 18, 2009
Telephone Excise Tax Refund (TETR) not claimed by most eligible companies
During a recession, it is advisable to review the old business plan, streamline expenses and take a second look at your business’s biggest liability: TAXES.
As many as 15.9 million businesses could be eligible to claim refunds under the TETR program. The government has earmarked $11 billion for it but only 5.6% of eligible businesses have requested a refund. To help determine why so few businesses filed for TETR, the Treasury Department surveyed business tax return professionals. The survey revealed 35% of the preparers surveyed stated that their clients did not qualify for the TETR. 44% believed the amount of work and associated fees to compute the refund was not worth the refund. 20% either forgot to claim TETR for their clients or were unaware of the refund program.
TETRs could recoup much needed funds for companies feeling the pinch of the current economy. The deadline for the TETR program is April 15, 2010. Claims may be based on a formula or by performing a telephone bill audit. Some professional telecommunications auditing companies offer free audits, charging a percentage of refunds. Ask potential auditing firms, does your company:
offer local or long distance services? Steer clear unless you’re interested in changing carriers.
have expertise in auditing telecom bills specifically?
charge a fee for the audit if there is no refund due?
have ability to perform the audit and submit a report in time to meet the April deadline?
have references from telecom audit clients?
Knowledge is power as long as you do something with it.
Contact us to learn how to claim your excise credit.
Wednesday, August 12, 2009
Tuesday, July 28, 2009
1. Provide a strong presence, remember 99% of small businesses have a website, so if you do not have one, get one. Create a facebook page so you can be found though friend's profiles, searches, the main key here is grow your fan base "virally". Ensure you keep your SEO in the mix.
2. Spend some budget money on advertising, it is very affordable to promote events or meetings. You can segregate markets from demographics, industries by placing two types of ads, that work like banners, with cost-per-click (CPC) and cost-per-thousand (CPM) I personally prefer the CPC that enables you to select how much you want to spend per click. Usually from .25 to over $1 per click.
3. Create your customize application, so you can send your ads to a specific location. this will enable you to engage your target audience.
4. Syndicate your message or content, i.e. blogging, Notes etc.
5. Provide an event that your audience can engage, for example: webinars, conference calls, podcasting, video and the usual best face to face events. Select your best quality prospecting activity, if you are better on the phone than in person then the option should be conferencing. If you are a good face to face person, provide events that you can engage your audience face to face. I prefer the latter. The true cost can be found in the creation of your content. The ROI all depends on your strategies and follow ups.
Once you get leads then you should consider how this lead generation strategy will play out and you will nurture them. Good luck
Barca Financial Group
"Creating Financial Synergy"
Principal at Barca Financial Group.
Tuesday, June 30, 2009
Sunday, June 14, 2009
Barca Financial Group
Wednesday, June 10, 2009
Friday, June 5, 2009
Sunday, May 24, 2009
1. Analyze market trends and what the markets need.
2. Organizational footprint, starting with the board of directors to tap into strategic processes, knowledge and resources to address opportunities in the markets.
3. Develop an strategic plan; what is the main sources, what is the organization's best activities.
4. Not just develop the strategic plan but also implemented and stick to it.
5. Analyze opportunities, connect with them and be proactive in delivering the mission statement and message to the masses.
6. Evaluate each opportunity with pros and cons, develop an after action report to analyze new opportunities and miss opportunities.
7. Improve and keep improving, be relentless. Action creates reaction
For more information contact me
Barca Financial Group
Thursday, May 14, 2009
Thursday, May 7, 2009
Sunday, April 19, 2009
Below is a topic and information about our local economy and what really means to shop with locally owned businesses and not franchises. It does affect us all.
Why Shop Locally
The Power of Choice
Every time you make a purchase, you're exercising power of choice.
The choice is yours. You have the power to strengthen and enrich your community.
Did You Know…
For every two jobs national retailers bring to a community, three jobs are lost as a result of local businesses closing down.
When you shop locally owned businesses, your money is re-circulated over and over and creates up to 75% more tax revenue to our community and state.
Independent businesses raise the standard of living in your community because they take their profits and buy products and services from other local businesses, thus creating more and more tax revenues needed for the community to thrive.
Millions of dollars of tax revenue subsidies handed to chains by financially-starved local governments drain even more tax revenue from our community and state.
Blighted empty shopping areas are created in your community when chain stores re-locate to a more lucrative shopping center, or leave altogether. Literally hundreds of big stores are abandoned each year across the United States.
Independent businesses are unique enterprises that contribute to the character of our community by offering a more diverse selections of goods and services.
Independent businesses provide meaningful service with a personal touch. It matters to them that you are satisfied and will come back again.
Carefully planned predatory pricing practices have allowed national chains to establish virtual monopolies as they drive local competition out of business. And then they raise their prices.
You can make a difference with a few simple steps
Make a decision to find and patronize a locally owned business, wherever possible.
Dine at a local, independent restaurant and treat yourself to a unique and personal dining experience.
When you shop online with out-of-state companies, it doesn't contribute a dime to the local economy. So check for members who offer the same products, and some even deliver.
Look for the Arizona Chain Reaction / Local First Arizona logo when you shop and tell other independent businesses about Local First Arizona.
Use our business directory to locate businesses offering specific goods or services, or you can view a complete list of Local First Arizona member businesses and the categories in which they are listed.
Tell your associates, family, and friends what is happening and why. We all create our communities. Let's create strong and vibrant communities as a legacy for those who follow.
Support Local First Arizona by donating, or join us as a member business or friend.
Let us bring Tucson what it can be.
Monday, February 23, 2009
Suggestions: Buy land that you can use to grow crops, for personal and for profit. Utilize wind or solar power eventually, while converting existing energy use. Learn to farm with organic soils and products suitable to your area. We should go back to the traditional farming techniques. the soil will provide its own nutrients and greener harvests. This microeconomics philosophy is to help one's community. If you have children; propose degrees in agriculture economics. These will be the best paying jobs in America and the rest of the world. Currently there are only about 2 million farmers in the U.S. Remembering the philosopher Abraham Maslow and his Hierarchy of needs pyramid; the core elements are shelter, food, security, clothing at the bottom of the pyramid. Food will be paramound, who will be able to grow and produce food for commerce or consumption?. (locally) It may not come in 10, 20 or even 30 years, but it will come nonetheless.
Sunday, February 15, 2009
The new administration on passing some legislature on green initiatives. They are a bit late; but it will be said that they try to reverse the course of our existance. It will take more than 8 years and perhaps decades to reverse or change the damages done by all of us. The greenning of America can somewhat reverse the decades of damage we have cause on the environment and the land. The biggest question we should all think about is what are we doing to help our future generations. What are we leaving behind: Scarcity, depleted or non-existent natural resources, polluted rivers, waterways, air pollution, trash and pestilence. One scary thought is that we all know that we are going to run out of oil; the predictions of when the OIL PEAK will happen varies; 15, 20, 40 or 50 years; nobody knows for certain. One certain thing is that it will happen. Maybe not to us but to our future generations. Sadly, this has happened once in our life time, many do not even know it happened; It happened to the island of Cuba when the Soviets (Russia) ended all supplies and financial help. Fuel, cooking oil, food, insecticides were not delivered to the island. This happened in the early 1980's. The average Cuban lost 18 lbs of weight in the first year. Food supplies were not available because there was no gasoline to run transportation trucks from the farmlands and agricultural areas. Imagine when this starts happenning in the US. Think of all the trucks that go 24 hrs a day taking, bringing food supplies to all the cities in the United States from their distribution centers. When, we run out of gasoline, how are we going to get our food? Great question. Well, the Cuban people aswered this question for us already. Stay tuned for next week's blog to find out. In the meantime think of ways to resolve this future change.
Sunday, February 8, 2009
Sunday, February 1, 2009
Thursday, January 8, 2009
Barca Financial Group