Code of Business Ethics

As a branch of 'applied ethics', Business Ethics attempts to apply ethical theory to business. Examines ethical principles and issues that may arise in the business environment. Business Ethics helps the organization to stand on strong pillars of integrity, loyalty and trust.

 As the demand for an ethical company is increasing most business organizations chose to implement the code of ethics:

    To define the framework of acceptable behavior.

    To follow high standards of practice.

    To create reference points for self-evaluation.

    To increase the sense of community.

    To create transparency in business.

    To promote higher standards of business ethics.

    To enforce the laws and rules of government.

The code should include the following main areas:

The purpose and values ​​of business: the vision and mission of the organization should always be kept in mind when creating the code. The products and services offered by the company, production and financial goals should be kept in mind.

Stakeholders: shareholders, customers, employees, suppliers are integral parts of the organization.

The welfare of employees, working conditions, equal opportunities, harassment and problems of retirement plans should be mentioned.

Maximization of return 'to share holders is the fundamental goal of any business. While making the code of ethics, conflicts may arise while caring for this purpose. The protection of investments and investment returns are always timely needed.

Every organization knows the importance of customer satisfaction. The promises about fair pricing, quality, after-sales service to customers must be kept.

Payments to the supplier must always be on time. No hospitality in excess or corruption must be accepted or given.

Society, Government and the Environment: Compliance with laws and social norms must be maintained. The activities of the company must always be respectful of the environment.

Implementation process: It 's always important to the code is implemented correctly. It should be seen that the code is reached and properly understood by all. Awareness campaigns and training programs should be performed, if necessary.

 Possibility of Feedback: Feedback is always necessary for the improvement and evaluation of the code. At least annual report should be given to board members. Revision procedure should be created to update the codes.

Following factors should always be kept in mind:

The involvement of Senior Management: Every business needs a sample or model or mentor to guide the roll business ethics program. A person who for the most senior managing director or chairman should take responsibility to lead the ethics program. The board and senior management should show enthusiasm and always provide guidance to the employee.

Employee involvement: No program can succeed without the involvement of grass root workers. It 's important to know what annoys people making the code of ethics. Every person should know the code of ethics and should be done to follow him.

Picking The well-tested model: a framework that addresses the problems likely to affect different components must be used. Sometimes the competitors should be considered. If the company is global, then the laws of other nations and people must be included in the model.

Running the Corporate Ethics is not always easy, but it's worth running as it gives returns in the long run.

How to Write a Business Plan

In highly competitive business environment of today, a business plan is an essential document for any individual or company that takes care of business and requires, for one reason or another, to find investors to raise funds, to motivate the their actions, or just to chalk out their plan of action in a methodical and professional. Writing a proper plan of work, you will be able to project a good image, and then get what you are looking for.

Before you start writing a business plan, you must first collect all possible information about your company, such as:

    What is the goal of your company
    The details of your current
    All market your business is in
    Your plans on the production and sale
    A detailed financial analysis
    What is your timetable
    Provides backup in case things do not go

After collecting all this information, you will next need to determine what the business plan is going to be directed to. For example, if you talk to an investor, a bank, a potential buyer, a source of financing, your company, re-organizing, or just for yourself? Once the target is determined, you can start writing your business plan.


Given below is a standard structure of a business plan, with all the sections you require:

Synthesis
This should be a separate document, apart from the main floor. Should be maintained in the short, containing only 2-4 pages. However, it must be global, highlighting all of the information contained in the main document. Ensure that contains the mission statement, which briefly summarizes all the main points of the plan, along with a brief summary ends with convincing about the success of the plan.

Description of business
Here you should provide a profile of your company. It should describe the business sector you are in, and may also include new products, services, or any other important information that corroborates the rest of the plan. It also includes forecasts reliable in the industry, and if you give any numbers or data, see that also provide references on the sources of your information.

Products and Services
In this part of the business plan, you must provide specific information about your business, as what they produce and sell, or such services. Need to do a comparative analysis of your competitors, showing the advantages and benefits of your products or services. If you're into something new, talk about it here.

Details of management
Here, the information on the company and key personnel must be provided. Explain what are the functions of each person in the organization, stressing on your experience and strengths. If expansion is on the cards, write a description here. Explain clearly the objectives of management.

Market Analysis
This section should be about: customers who buy your products or services, if they are based, what your market share is, what are the opportunities that exist, what the competition is like, and if they are different or better , and if you can fill a niche. Include market characteristics, such as whether it is emerging, or growing, or is stagnant, and if there are upcoming or recent changes, along with what the likely effects will be.

Marketing Plans
Explain what you intend to carry out marketing plans. Although there is no set format for this, you need to support any claims you make.

Production Plans
If you produce something, you must explain how you are doing, providing all the financial details. Similarly, in the case of services provided, we should give all relevant details.

Financial plans
In this section you must provide all details of cash flow, profit and loss, expenses and income, the financial projections of your future business, and even if you are looking for money. Provide a graphic summary of the detailed figures provided in the Appendices. Also provide explanations of any assumptions or calculations you may have given. It 's better to take help from an accountant if you do not have enough financial experience.

Time Schedule
You will need to provide time in which you plan to implement your plan, along with messages miles.

Contingency Plan
In this section you should describe what your backup plans are if things should go according to plan. Keep in mind that the objective of the business plan. If it's a bank or banks are facing, they will want to know how they will recover their money if your business plan does not work.

Summarizing Statement
Similar to the summary, the statement should summarize the findings indicate complete. You need to be convincing, bearing in mind his audience. To be convincing, you must be convinced yourself. If you're not convinced, then it is unlikely that someone else will.

Well, these are the basics you need to understand to make a good business plan. If you follow this format, you will create a document that will be both effective and useful, you can use to make a success of your business.

Business Creative Financing

Already a business or start a new activity, the first thing you think is the Treasury. There are many ways to go about getting the money.

That said, you should also consider several factors before taking the money. Take a look at various options in front of you and compare it with your business plan and anticipated revenue. Realistically speaking, identifying how you will be able to return the money we use.

Here are some creative ideas of business financing that will help you get the money you want.

Savings Account: Here we are talking about saving their own account. Before diving in your kitty's savings, consider the following: How much savings do you have in that account? Are you addicted to that money for your day to day expenses? As we are sure that your business venture will be successful? Be realistic when you make these remarks. If the savings account is not something that depends on, and can afford to forget the money you take from it should suffer a loss, then go ahead and make money from it. The advantage of this is that you are taking an interest free loan from yourself and save a bit 'of money for this purpose. You can also repay the loan in installments variables, and do not suffer penalties for it.

Family and friends: This is also a good option for you to acquire funds for your business venture. Depending on what you discuss with your friends and family, you can choose the method of repayment, `nd even if you are required to pay interest. The downside of this is that if you fail to repay the money back in time you promised, you stand to lose a relative or good friend.


Partners: another way to generate a good funding is to take your partner in your business. This is again a matter of choice. And your partner should have the money and willingness to invest in your business.

Loans: This may not be very creative idea, but some banks offer very attractive type of personal loans and business. It's worth a shot to go take a look at these options. You can only find a gold mine and find the best method of financing your business.

Sell ​​Junk: If you have any unused rooms or unused inventory around, unused or trademark and license rights, is a good idea to sell to people who need them. This is a good way of recycling their goods to create funding for your business. The disadvantage is that this option may not work for a new business.

Sale of shares: the sale of the shares of your company is a time-honored method of creating finance for your business. If you have a new company, you can do. You can also do if you are an old company. You can also sell shares to employees. Talk to your CPA and get more details.

Advertising: It sounds silly, but sometimes an advertisement can also generate funds involved in the project. Put the word out there verify that generate interest from people looking for a good investment opportunity. It also gives you the opportunity to advertise your company with it.