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The rising Business

Helloo viewers, my name is ankush muley.Jabalpur is my home town (madhya pradesh).This small article is about The growing business of Emu farming.Emu farming was previously done in a few areas of the southern part of our country.Whenthis business was started the businessmen and farmers had a great risk on their financial positions5, and fortunately they got very good results of this new business.Many of the poultry farmers nd other live stock breeders such as piggery fisheries mushroom farmers nd goatries they all slowly started migrating to Emu farming.Now since d last 3 years we A1 Emu farms have brought emu farming to jabalpur madhya pradesh now.We have started aour farm with 40 top line breeding stock of Emu we have supplied Emu Birds to many of the farmers across the state.cities like bhopal indore jabalpur and villages like katni sagar mandla and many more have started emu farming with 10-50 pairs of Emu.

In India, chicken is the most popular of the poultry species Followed by ducks & quails. Of late, with some popularization through Newspaper write ups, television coverage & Exhibitions, about 250-300 Progressive farmers of Maharastra state have started Emu farming with 25 to 200 pairs in Pune, Thane, Nasik, Akola, Ahmed Nagar, Beed, Kolhapur districts and many more are coming up for guidance and Inquiring about the availability of bank loan for establishment of A new farm or expansion of existing farms. At present more than 10,000 pairs of Emu reared by the farmers in the state. For large scale production of meat oil And skin there is a long term potential for breeding and rearing of more than 75000 Emus. To promote such innovative project activity in the state this can accelerate capital Formation in the rural area. NABARD, MRO, Pune has taken a decision to formulate a Model project for rearing of Emu as there is a increasing demand for such unit in coming Years.

Diversification is the key to success in any enterprisE

We need to Diversify to other species of poultry in order to reap more profits. Considering this let us Discuss about Emu,
breed of bird which attains upto 65 Kg.wt. & 5.6 ft. hight on Maturity.Emu belong to Ratite family of birds & is the third biggest bird species after Ostrich & Cassowary. The birds have small wings & are in capable of Flying. Australia is the place of Origin for the birds.

Emu is a social bird with dark whitish complexion. The birds live in groups & Can thrive under varying climatic conditions ranging 0 degree C. to 52 degree C. These Birds are Omnivorous and eat leaves, vegetables, fruits, insects, worms. They can be feed Modified poultry feed.

It is clarified by the Chief Conservator of forest, GOM, Pune that Emu is an exotic bird and it has not been included in any of the schedules of wildlife (protection) Act, 1972. The provisions of Wild Life Protection Act, 1972 and rules made there under are not applicable for these birds. As such no permission from forest Department is necessary For rearing, farming and selling of these birds.

Present Status

Recognizing the economic importance. Australian Government in 1975 Started domesticating these birds living in Jungles by establishing big farms. This Activity spread to America. France and other European countries in the early eighties. It is reported that there are about 90,000 Emu farms in America and an Emu Association Was established in 1993. The activity has also spread to China, Japan, Malaysia and Korea.

One Emu farm by name Vijaya Ratite Farm (Pvt.) Ltd. Was established by Shri P. Satyanarayana IN Andhra Pradesh in 1996 on small scale. Similarly in Maharastra state Shri.Ganesh Kale& Group introduced 20 pairs of Emu during 2001 &in Baramati Shri. Sandip Taware has established first Emu Farm with 10 pairs in April 2002. He has also established Emu hatchery.

At present There are Four Emu Association in India. One is at Hydra Bad name of INDIAN EMU ASSOCIATION” Mumbai “NATIONAL EMU ASSOCIATION” headed by Shri. Sami Tambatkar. This two association working all India level. And in Maharastra level at Baramati in the name of “Maha Emu Association” headed by Shri. Sandip Taware and another at Pune in the name “Emu Farmer Association”. Headed by Mrs. Chitralekha Mehta. The experience of the farmer has been encouraging.

TECHNICAL PARAMETERS of EMU Bird

The birds reach their full size by the end of 1st year. They grow up to 5.5 to 6 feet With a weight of 40to 70 kgs. Laying period in India starts after 18 to 24 months and Eggs are laid during September to February. Eggs are dark bluish green in colour with a weight of 450 to 700 gms . A bird can lay 20-60 eggs in a season. Incubation period is 50- 52 days and newly hatched bird will be of 6-7″in height. The lift span of the bird is 30-35 years. The productive economic life of the bird is 20.25 years.

ECONOMIC IMPORTANCE (SCOPE)

It is reported that the price of Rs.18, 000/- a pair of 3 months old Birds and the price of Rs.40, 000/- a pair of 15 months old Birds having live body weight each 40  to 50 kg. and the birds are used for table purpose.

MEAT:

Meat of Emu bird is reddish in colour, soft and with less of cholesterol 98% fat free. Emu meat is lower in fat than Chicken. Turkey, Pork & Beef It is the “Super Food of the New Millennium”. The price commands higher price than that of meat from Other birds/animal and is reported at Rs. 300-450 per Kg. The American Heart Association has included Emu meant in its listing of heart healthy meats.

EMU MEAT: 98% FAT FREE – 100% NATURAL

THE HEALTHY RED MEAT

EMU IS A VERY LEAN (98% FAT FREE) RED MEAT SIMILAR TO BEEF IN BOTH TASTE AND APPEARANCE. EMU ARE HIGHER IN PROTEIN, VITAMIN C AND IRON COMPARED TO BEEF; LOWER IN CHOLESTEROL COMPARED TO CHICKEN. EMU GIVES RED MEAT LOVERS WHAT THEY WANT AND HEALTH CONSCIOUS CONSUMERS WHAT THEY NEED. IN FACT, THE AMERICAN HEART ASSOCIATION RECOGNIZES EMU MEAT AS A HEALTHY ALTERNATIVE TO BEEF.

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FEATHERS :

Feathers are soft non allergic / anti static, beautiful double quilled and are used  In hats, dresses, computer and car cleaning brushes and household decorative items. About  400 to 600 Gms of feathers would be available from a bird and each bird would Fetch about Rs. 200/- at present.

SKIN :

The skin is very thin, soft and strong. Price of good quality skin is reported Rs.700/- to Rs.1000/- per Sq ft. and 8-12 sq.ft of skin is available from a well matured bird. The skin is used in the preparations of shoes, bags, belts, purses, jerkins and seat covers for expensive cars. At present raw skin of a matured bird would fetch about Rs. 1000 1200/-.

EGG SHELLS AND NAILS :

The egg shell are used for painting and as decorative items due to deep Blue Colour. Nails are strong and decor able used in artificial ornaments and craft goods.

OIL :About 4-6 a litter of oil is available from a bird which is devoid of any colour taste and odor. At present market prices, the price of one litter refined Emu oil is Rs. 3000/- to Rs. 4000/- The oil is penetrating and is having moisturizing. Analgesic, ant allergic and antiseptic properties. The oil is used in analgesic ointments, beauty creams and lotions, soaps, hair oils, shampoos, perfumes and massage oils. The raw fat/crude oil of Emu fetches Rs.1000 per Kg.

A number of studies have been conducted and are currently being

conducted throughout the world on facts of the Emu oil, including its composition, benefits, applications in different industries and the resulting properties of compounds formulated with the oil.

Traditionally Emu oil has been used for treatment of muscle and joint pains.

Clinical experience with Emu oil has shown that it’s two major benefits are its anti- inflammatory properties and its ability to penetrate the skin. It also appears to provide some solar protection. The penetrating effect appears to be related to its non-phosphorous composition. “Our skin is phospho – lipid deficient. In other words, there is no phosphorous in our skin. If you put anything on your skin that has phosphorous in it, your skin is ‘programmed’ to keep it from penetrating. Anytime you put anything on your skin that is phospholipid deficent, or has no phosphorous, it penetrates right through “. Researchers who have analyzed the oil found that there is a compound in oil that they believe is the key to its effectiveness. This compound molecule is believed to be collagen. Collagen is  found in chickens and turkeys in a very diluted form. However, the test result on the Emu show this molecule to be present in an extremely concentrated form.

Research and development of Emu oil using in cosmetics and pharmaceuticals is rapidly expanding. Emu oil has been documented to exhibit the following properties and/or has been used for the following purposes.

Anti – Inflammatory Activity
Moisturising
Cholesterol Reducer
Bacteriostatic
Penetration Enhancer
Signficant epidermal proliferative activity
Non – Comedogenic
Significant wound healing agent
Significantly reduces recent keloid scarring
Appears to promote faster healing of burns with less pain and scarring
Anti – Arthritic Activity
Excellent Emulsifier

EYES :

The bird is able to see up to a distance of 10 meters and its eyes are being used To Replace damages corneas in human beings.

UTILITY :

15 months old Emu broiler weighing 40 Kg. slaughtered for oil, meat and skin etc. The utility is as under:-

 

Utility

Present market price of produce per unit

43% boneless meat Rs. 300/- to Rs. 450/ Kg.

14% bone meat Rs. 200/ Kg.

5% feather & skin Rs. 200 + Rs. 1000

22% fat Rs. 1000 / Kg (raw oil)

3% leg skin Rs. 500/-

4% neck usable but not saleable at present.

3% blood usable but not saleable at present.

4% waste usable but not saleable at present.

About 96% useable bird

Refined oil  Rs. 3000/- to Rs. 4000/- Per Liter.

 

OUR OBJECTIVES TO HELP ESTABLISH EMU FARMING IN INDIA

To provide financial assistance for establishing of Emu breeding farms.

To provide part time employment or to utilize family labour to earn some livelihood.

To provide employment to educated un employed youths of rural area.

To produce more Emus for meat,oil & skin production in future and alternately to export the produce.

FINANCIAL ASSISTANCE :
Loan from banks with refinance facility from NABARD is available for establishing Emu farm. For obtaining bank loan, the farmer should apply to the nearest branch of a Commercial or Co- operative or Regional Rural Banks in their area in the prescribed forms which is available in the branches of financing banks. The project report should be attached/ enclosed with loan farm. For Emu farming schemes with very large outlays, detailed reports will have to be prepared. The technical officers attached to or the Branch Manager of the bank can help / give guidance to the farmers in preparing the project report to obtain bank loan. A scheme can also be prepared by the beneficiary after consulting local technical
experts or private commercial Emu hatcheries. Consultancy Services of NABARD would also be available for large commercial projects.
BENEFICIARY :
A good practical training for a week and experience on a Emu farm will be highly desirable before starting a farm. If possible, they should visit the progressive Emu farms/ Hatcheries in the area and discuss the technical ability and profitability of farming.
BACKWARD LINKAGES
CLIMATE :
Emu is a social bird and can thrive under varying climatic conditions ranging 0° F. to 100° F. The climate suitable for poultry farms is also suitable for Emu farming.
AVAILABILITY OF EMU. PAIRS :
In Maharashtra there are private Emu hatcheries supplying the Emu pairs of different age groups i.e. 3 months, 6 months, 12 months and 15 months old. The detail addresses of hatcheries are as below:-
AVAILABILITY OF FEED :
Poultry feed (layer) can also be fed to Emu. In addition to poultry feed mineral mixture and shell/ stone grit can be given. Sprouted desi Chana and Methi can also be fed during layer season. During summer season chopped vegetables like cabbage, carrot, beetroot, etc. can also be fed.
AVAILABILITY OF VETERINARY AID :
Like poultry chlorinated water should be given to Emu birds like Poultry. Deforming should be done twice in a year at an interval 6 months.
TRAINING &EXPERIENCE :
Training on Emu farming is given on above farms for 3-5 days. During training these farms supply all technical information in the form of books/CDs/booklet/palplet etc.
AVAILABILITY OF SHED,BREEDING PENS AND RUN-OFF AREA :
The detail specification along with cost proposed is given EMU FARM PROJECT broacher Low cost shed and building material locally available can also be used to lower the cost of housing.
AVAILABILITY OF EQUIPMENT :
Water, feeders & egg trays are required. Low cost equipment locally available can also be used.
FORWARD LINKAGE:
SALE OF EGGS :
At present both the hatcheries mentioned above are purchasing eggs @ Rs.1000/-to 1200/- each or on the basis of chick borne @ Rs.1200/- per chick.
SALE OF MANURE AND EMPTY FEED BAGS :
Manure can be applied on own farm or can be locally sold to other farms. Like poultry manure, Emu manure is also good for fruits and vegetable gardens. Empty feed bags are sold in local market @ Rs. 4-5/- each.
LENDING TERMS – GENERAL :
PROJECT COST :
One model of 50 pairs Emu have been formulated. The total project cost including fixed cost and recurring cost up to the income generating stage (21 months) has been worked out to Rs. 24.78 lakh.
MARGIN MONEY AND BANK LOAN :
Minimum 15 % of down payment has been considered to be collected from the beneficiaries and maximum 85 % of total financial outlay is considered as bank loan.
TFO : Rs. 24.78 lakh.
Margin Money : 15 %
Bank Loan : 85 %
WORKING CAPITAL :
If required by the farmer, financing bank may asses the same and sanction accordingly. It may require for commercial ventures only. Here in this case we have already capitalized 21 months recurring expenses and so there may not be a need for further W.C.
INTEREST RATE :
The rate of interest shall be decided / fixed by the concerned financing bank to the ultimate beneficiary. In this case for calculation of cash flow and repayment we have assumed an interest rate @ 12% per annum.
SECURITY :
a) Will be as per RBI guidelines issued from time to time.
b) Insurance: Bank may ensure that the borrower takes insurance of assets created out of
a bank loan including insurance of Emu birds.
REPAYMENT OF LOAN :
The repayment period depend upon the gross surplus generated in the project. The loan will be repaid within 7 years including first year as grace / moratorium/gestation period in  suitable monthly installments (6/year) during October to march only.
CONCLUSION :
Emu farming offers great scope & potential because of its supplementary income additional employment & simplicity in operation .Efficient emu development can be Achieved by promotion of small units in villages through a gamut of functions like Dissemination of information & technology, making various inputs & organizing training Sessions for farmers on this subject.
After going through the forgoing paragraphs and from subsequent annexure it is Concluded that the captioned proposal is found to be technically feasible and financially Viable.
Biosecurity measures to be taken in Emu Farming / breeding as suggested by
Commissioner of Animal Husbandry, Maharastra State
a) The farm should be ideally placed and away from the population and is blosecured
b) The housing should be proper will adequate brooding facilities.
c) There should be a separate workers team, who should not be allowed to get mixed with other workers.
d) There should be separate dress code for the workers.
e) Proper dis-infection procedures / foot dips etc., should be maintained.
f) The quarantine sheds should be separate and away from other sheds.
g) The other birds (parent, commercial or pure line etc.) and pets should not be reared/allowed to enter the same farm.
h) The brooding space should be optimum.
i) There should be provision of showers, change over and dips.
j) Proper records should maintained.
k) There should be scientific facility for disposing off / destroying the bedding / dead Birds etc.
l) The equipment are proper, properly disinfected and separate
m) The farm should have a water sanitation system.
n) Water source should be tested for mineral , bacterial , chemical , contamination and pathogen load.
o) Proper storage of feed to prevent contamination should be made. The water quality should be checked periodically  and  if contamination is seen it should be treated with any sanitizer.
p) Routine disease monitoring procedures like postmortem examination of dead birds and periodic sera antibody assay is recommended.

 

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Online Small Business Startup Without Investing Cash

One place you can easily succeed with a small business startup is on the internet. Some people think that the internet is meant for the already established companies, but that is not the case. Today, average people are making it big with great business ideas. To top it all up they are doing so from the comfort of their home. The big question you may ask is, how and what do I need to launch a small business startup online?

Research is very crucial if you are to succeed doing business online. Whether you have cash or not, choosing a niche to venture into will determine your success. The internet is all about content; it would be advisable to go for a niche that is not so competitive. Once you have decided which field you will venture in, then you can start working on having a website and if you do not have cash then you can launch a blog.

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Many think making money online is about having a huge capital, but you can have a small business startup without investing a single dime. With a site like Blogger.com you can create a free blog and then post content that is helpful to your market niche. Learn for the experts how to optimize your blog so that search engines can rank you high. Once you have content you can then monetize your blog.

Monetizing your blog is easy and free; there are great sites like ClickBank and PayDotCom where you can pick affiliate products to sell on your blog. You can also include Google Adsense links and make money as people click on these advertisement links. Amazon is also a site where you can load products that are related to your content. All these are free to enroll and install thus making small business startup online very easy.

Though you will not require money to invest in such an online business, there will sure be a price to pay. You will need to invest time in learning free online marketing strategies. Hence working hard and possessing a strong determination to make money online is paramount.

Follow the links below to harness more insightful tips on online small business startup.

CleanTechTV™ is launching at the Cleantech Forum 2010. Watch this interview where leading AustralianGreen Business Reporter, Giles Parkinson, interviews Chuck McDermott of Rockport Capital who will be speaking at the Cleantech Forum www.cleantechforum.com About CleanTechTV™ CleanTechTV™ tells the world about Australias cleantech in a way that attracts investment, deals, partnering and licensing to drive the growth of the sector – Australias next wave of innovation. Australian Cleantech news reporters Brad Howarth and Giles Parkinson interview leaders about their companies and new deals, developments and products on a quarterly basis or when they have announcements. These interviews are distributed to decision makers via this site, and our content platform partners that include Venture Beat, CEBIT, Clean Energy Council, and more. They are also designed to be easily shared and posted on company blogs, websites and enews letters for powerful positioning and exposure. CTTV is a virtual TV service where all interviews are done online, so we can always talk to our cleantech leaders when ever or where ever they are making news. Do you want your cleantech news distributed around the globe? Contact us at CTTV to discuss your “Making News” Corporate Package. For more info and world-class web interviews, visit: www.cleantechnologytv.com
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Business Start up Loans: Instant financial support for streamlining your business

Starting a new business venture is not difficult if you have money in your pocket. It does not matter what kind of business plan and idea you have. In business, money matters a lot. Every single person needs capital whether he/she wants to start a small or big venture. You can not ignore the importance of finance. In order to provide strong and suitable financial aid to entrepreneurs, many lenders offer business start up loans. This loan service is taken by most of business owners so that they can run smooth business without any trouble. Lenders provide you necessary funds immediately without concerning about the nature of business. While approving the loan application, lenders are only concerned with the repayment.

To prove the repayment capability, entrepreneurs can show the future prospective of business. Please make sure that you should have blue print of your business with good future planning. If the foundation or planning is strong, the entire process of business will be strong. It is important for every entrepreneur to win the trust of loan provider and convince them for cash. Business start up loans provides the required amount to needy business owners in two forms, secured and unsecured loans.

Secured loan – This commercial loan has been designed for those entrepreneurs who got the risk taking ability and have tangible assets to pledge as collateral. Tangible asset can be anything, like property, real estate, home, expensive vehicle etc. Here, you can expect low interest rate and APR. The finance amount you get under this category ranging from £25000-£500000.

Unsecured business loans – Without taking any risk of home, property or vehicle, individual can easily avail the amount in the range of £5000-£75000. It contains more risk for loan providers. As a result, borrowers have to pay slightly expensive APR and interest rate.

Business start up loans can be used for various purposes, like to purchase machinery, land, factory, office premises, equipments, tools, machinery, new technology, raw material, employee’s salary, etc. With the help of funds, any UK resident can start his/her own business but you should have good plan and business idea. These loans can be used to tackle initial finances like purchasing a land, construction, machinery, furniture, or raw material, hiring employees, etc to start new business.

Technology Vision Group LLC (TVG) announced at the 17th Annual BioPartnering Europe (BPE) conference in London, the launch of a new worldwide network of BioPartnering conferences that will span the globe. BPE, Europe`s longest running life science networking event was a great success with 525 companies attending from over 31 countries. The global nature of BPE has been reflected in an extensive living network of worldwide conferences spanning six countries with established events in the UK, Canada and the United States, and new conferences in China, India and Latin America. Once again, BPE was a great success with over 946 delegates attending the London conference, scheduling well over 4100 meetings via TVG`s unique biopartering.com software. Highlights of the conference included five leadership sessions covering topics such as leveraging unpartnered assets and planning for the economic resurgence. Presentations were also given by nine of the top global pharmaceutical companies, giving insight into future strategy and partnering insights. The ever popular Bioforecaster – Fall 2009 session provided a review of the sector over the last year and the panel`s predictions for the coming year. Attendance to next year`s session is a must to see whether the panel`s predictions were right! Robert Lee Kilpatrick, Partner at TVG commented, “This year`s BPE was a fantastic success and we are proud to be here to help so many biotechnology companies grow. TVG is moving in new directions …

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How to write a computer business plan

Your computer business plan is a paper that describes your computer business with its objectives and shows how those objectives should be achieved.

It’s a critical tool for gathering finance, as well as – bank overdrafts, loans and venture capital.

If you have a special backer in mind you should manufacture it to their necessities otherwise how are you going to get any cash out of them if what you say in your plan is polar opposite of what they have in mind for a computer business

Your business plan isn’t just for getting you the investment you need – it’s main objective ought to be to indicate the bearing in which your computer business is heading.

You must keep your financier’s attention by making the record as reader friendly as possible. Use uncomplicated, direct language and graphics to illustrate your points. Make sure your copy reflects the encouraging approach of the management team. Still, it is advisable to be realistic when presenting financial forecasts.

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Try to make the business plan as upbeat as possible but don’t shy away from any noticeable troubles there may well be in setting up your computer business as your financier will more than likely think of them anyway; so if you can get their firstly and respond to the likely questions before they think of them so much the better.

Arrange your business plan in a coherent manner along with clear and accurate headings – do not be worried to waste paper – start new headings on a clean fresh piece of paper – it will make the document look more convincing and make it easy to find stuff for your backer.

Economic projections will be presented between the main body of the plan and the appendices. Profit and Loss statements, Balance Sheets, Cash-flow forecasts etc. should be given in a separate section of schedules. This will ensure everything is contained in the plan without sacrificing the flow of the narrative.

If you are creating a new business; it’s important you explain why you came up with the idea to start this new business. Give advantages of your unique products or services that you intend to offer to would-be clients stating how you intend to get their business. Give details of the market sector whether it is a growing sector or not, justify your pricing policy and how you intend to plug your goods/services. Highlight any opposition out there and how you plan to compete in this money-spinning market and make your backer a return on his or her money.

Stress the experience and awards of you and your management team and show how their skills can be harnessed to acquire growth potential and profitability. Give information on staffing requirements including Curriculum vitaes for superior management in the Appendices and, if applicable, an organisation chart to illustrate the management arrangement.

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Commercial Lawyers and Legal Complications in Business

Commercial lawyers, also known as business lawyers, deal with the legal aspects of business and commercial transactions. They take up cases falling under the purview of civil law and deal with issues such as private and public laws. Corporate contracts, hiring practices and manufacture and sales of consumer goods are specific areas that involve the attention and expertise of commercial lawyers. Typically, commercial lawyers are issued a license that enables them to practice in their field of law in a specific jurisdiction.

Those who face difficulties or problems in complex transactions should consult a commercial lawyer. Numerous law firms often have qualified commercial solicitors who specialize in their area. They assist and advise established and start-up businesses on a wide range of legal issues that affect their commercial transactions.

Note that some of the regulatory schemes that control commerce include privacy laws, food and drug laws and safety laws. A commercial lawyer can help you if your business is facing legal difficulties in these areas.

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Commercial Lawyers: Staying In Sync with the Field’s Dynamics

The field of commercial law is extremely dynamic and it is imperative for a good lawyer of this field to keep himself abreast of new developments. The Australian commercial law, for instance, is the result of rulings of Australian courts, and various legislations that are passed by the Parliament of Australia and its various states and territories. A clear understanding of these legislations is a clear indication of a successful commercial lawyer.

Areas of Consultancy of Commercial Lawyers

Commercial lawyers would help you to enter into commercial deals with confidence. They would recommend practical solutions on several issues including competition law, royalty rates, warranties, limitation of liability and indemnities. These days, commercial lawyers also work with global law firms to facilitate cross border transactions.

Commercial lawyers also specialize in preparing agreements related to day-to-day business. They deal with issues such as:

Consent to or approval of transfer of shares Sale of shares Change in share capital Purchase of major assets Entry into debt obligations Loans to the company Overcoming deadlocks Employment of principals

Drafting Services of Commercial Lawyers

Drafting is essential for commercial lawyers. They draft agreements for:

Licenses Joint ventures Software developments Partnerships Equity participation Equity holder agreements Technology transfers Sale agreements

To simplify your legal difficulties in the field of business, efficient commercial lawyers from Rosendorff Lawyers connects you to the best legal services and solutions.

ASSOB is Australia’s largest Capital Raising Platform. In this video ASSOB’s Business Development Manager (Joe Olejnik) outlines the sort of company that lists on the Australian Small Scale Offerings Board. To list on ASSOB visit www.assob.com.au
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Converting a Hobby into a Business

Many of the world’s most successful businesses began as a hobby. Probably the most popular company that actually began as a hobby is the major online auction site of Ebay. Other well known companies that were hobbies first include Dell Computers, Famous Amos Cookies, and Wendy’s.

If you’ve been considering starting your own business, but haven’t determined exactly what that business should be- think about the types of activities you enjoy doing. What are your hobbies? Do you enjoy hiking through the woods, or jogging around the track? Maybe you enjoy writing poetry or painting ceramics. Regardless of your particular hobby, there is a way for you to profit from your experience and knowledge.

Many entrepreneurs-to-be do not have much for start up capital. In fact, one of the most common reasons for considering a new business is because people are attempting to make more money to pay off existing debt and be able to afford more entertainment in their lives. While there are many businesses that would require a hefty initial investment, there are also hundreds of businesses you can start right now that are related to your hobby in some way, that don’t require much of a financial investment. You’ll need to invest your time, energy and devotion- and with these three ingredients, you’ll be on the path to a successful business venture in no time.

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Low Investment Hobby Business Ideas

Affiliate Programs- If you are very new to online marketing and maybe even the internet in general, you may want to start with an affiliate program. An affiliate program allows you to earn commission on the sales you generate for someone else’s product. If your hobby involves playing poker, you could join one of the many online poker room affiliate programs (for free) and get your feet wet, learning how to use the internet to market a product, how to generate traffic and turn website visitors into buying customers. Once you’ve learned a few tricks of the trade, you can move on to actually creating your own business, rather than earning a commission by promoting someone else’s!

Audio & Written Interviews- If you have a hobby that features famous individuals, you could start a business by interviewing people and distributing the audio recordings of the interviews online. You could write out the interviews and sell to magazines or newspapers, or industry specific trade publications involving your hobby. For example, if you want to do something that involves skateboarding, find and interview Tony Hawk, or someone who has skated with Tony Hawk.

Retail Sales- If your hobby involves the creation of objects, you can develop your own product line and sell them via a website or mail order catalog. In order to keep your start up investment minimal, you’ll want to only make a few items for display purposes, and then make products when they are ordered from customers. Look for wholesale places to purchase your raw materials, in order to gain a larger profit when you sell the finished product.

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