Money Magazine The Ultimate Guide To Launching A Business

Money is a well-renowned business magazine that is published by Time Inc. since October 1972. The magazine helps readers invest sensibly, plan wisely, and spend smartly so they can achieve their goals, from financing their children’s education to supporting their own retirement to affording the trip they’ve always dreamed of taking.

Money helps you take charge of your finances, providing trusted advice to successfully earn, plan, invest, and spend. Money provides in-depth coverage of stocks, mutual funds, the markets, the economy, and the best things money can buy – from travel and technology to home and luxury goods. The magazine also gives you advice on college savings and retirement planning.

The latest issue of Money magazine features the ultimate guide to launching a business. If you are an aspiring entrepreneur, this is a must-read article as it throws light on how to fly solo. The first step is to figure out if your brilliant idea is a valuable business. The best ways by which you can do this are: taking the measure of the demand, coming up with a good report, meeting your future customers, multitasking fruitfully and nurturing your network. Read this article to know the other important steps to become a great entrepreneur.

In the exciting ‘From Passion to Profit’ article, learn how four aspiring entrepreneurs turned their interests into innovating and rewarding second-act businesses. Also, know how to get great cellphone service for less and learn how to slash your drug costs by 40% or more. Don’t miss reading about the 12 ways to cut your taxes.

This issue also explains you how to get into your dream college through side doors. Learn about common but little-publicized programs can improve your odds of getting into your dream college. They can also make a significant difference in what you’ll pay—lowering costs in some cases, raising them in others. More than half of all colleges have at least one type of alternative admissions program, according to a 2013 study. Each school has its own rules, but most programs fall into three general categories: making freshman admission conditional on your earning good grades in summer session or other special classes; guaranteeing you the right to transfer in as a sophomore or junior if you earn good grades in courses at other colleges; or delaying your first semester until the school’s second, or spring, term. But students and parents should investigate any program thoroughly before pursuing it. Know the questions to ask before enrolling into any college.

There is an evident shift in trend from reading printed magazines to reading them digitally. You can access Money digital subscription at the touch of your fingertips, and with the HD quality of screens and their competent size, it is now possible to read a copy of your digital magazine with ease. Also, once the magazine is downloaded on to your favorite device, you can access it anytime and anywhere, even without an internet connection.

BUSINESS AND MONEY MAKING

INTRODUCTION

Business and money making are very connected particularly when it comes to profit motive organizations. However not all business is money making. Money making is the sustenance side of a business. There is also value in business. Value is good as it supports sustenance.

MONEY MAKING

Money making is vital part of any business. The various pressures countered by money making are investor pressure, asset depreciation pressure, overheads, contingency fund, costs etc. Money making is often criticized as a wrong motive for business. However, this is sometimes called impractical. Money making is the more transient part of a business. Money making while crossing limits may affect value which is lethal to any business. Money can be shared by business segments. However balances are maintained as money in the system is limited. Money is tangible part of business.

Business is often disconnected from money making as crimes like theft, smuggling etc have money making as prime motive. Business is generally a noble activity and some dignity is restored by separating it from money making. Charity organizations are non profit businesses where money making may not be a prime motive. However fund or money distribution and consumption optimization is important.

VALUE

Value is any positive impression created by business on targets. Value is perpetual part of a business and aids money making. Value can be created and passed on other segments of a business by trust and word of mouth. A new product from a good brand would inherit and retain the value of its old ones. Value is intangible part of business and a crucial one too. Value is tough to create and needs a good thought process.

Value is connected to business to enhance good competition where education matters and role of money is reduced. Some high value goods are so called because of reduced costs and prices. Some good engineering or process innovation can generally create value. Crucial business metrics like customer satisfaction is improved by providing more value.

MONEY MAKING TECHNIQUES

Increasing prices of largest product sales segments is a very common money making technique. However, this could cause big trouble for customers causing switching of brands.

Other money making techniques are improper contract drafting like using ambiguous words, planting and using a catch in terms of contract once accepted etc. These techniques reduce the brand’s trust and loyalty factors which could be the end of the road for the business.

Some money making techniques are classified as crimes and affect business dignity.

Some standard business processes that aid money making by creating wealth are
1. Brand building like SEO etc.
2. Creating value for customers
3. Building relationships
4. Planned and phased releases, penetrations and expansions
5. Well planned investments

CONCLUSION

Money making is important in business but various factors like ethics, motive, vision etc. streamline
it’s role. The importance of value in business is more than money making and value is more integral part of the business. Value gives a better perspective to business overall in terms of its necessity and purpose.

Are You Operating on Old Tech? 5 Ways the Cloud Could Save Your Business Money

Outdated business practices slow productivity and reduce customer trust, making a company seem far less credible. A business that can’t accept credit cards or uses pen and paper to log appointments can hold itself back, for instance, when upgrading a few simple things could make all the difference.

Cloud computing has made it easy for businesses of all sizes to compete on a global level. Previously you would have been required to purchase at least one server, multiple pieces of software, and experienced professionals to install and troubleshoot. Today you can subscribe to cloud-based services for a low monthly fee and have all of your storage and software needs provided. Here are a few ways cloud technology can save your business money.

More Productive Employees
Your workers are your most important asset, but outdated processes slow them down. With cloud solutions in place, they may be able to automate their more laborious tasks, including copying information from multiple software sources. Cloud solutions can also be accessible from anywhere, allowing them to work for home or while on the road without going through a time-consuming process. Employees are more likely to enjoy their work when they aren’t forced to spend all day doing mundane activities, which can reduce turnover, as well.

Security Breach Prevention
A security breach could cost your business thousands of dollars, as well as doing permanent damage to your reputation. Cloud solutions providers serve numerous businesses, which means they usually have top-quality security measures in place. They also have the resources necessary to attract and retain well-qualified security experts who work hard to protect hardware and software.

Eliminate On-Premise Solutions
Once a business grows beyond two or three employees, its owner faces a serious decision. Applications and files can no longer be saved on computers and mobile devices. Employees will need the ability to share documents and businesses must be able to back up all of their files on a regular basis. In many cases, cloud solutions are a much more affordable alternative to purchasing a server and associated software.

Top-Quality Tech Support
Few small businesses have the extra income necessary to hire full-time desktop support staff. While every business may occasionally have the need to take a device to a local shop for troubleshooting or bring in an hourly support professional, for the most part cloud-supported businesses can get help by making a phone call to the provider.

Affordable Scalability
Few businesses don’t have plans to eventually grow, but in doing so, they can find that their current IT infrastructure doesn’t work. Cloud solutions grow along with your business, supporting new customers and additional software. You can often add on new applications easily, especially if you choose solutions that integrate with others. Over time, you’ll build an environment where all of your applications speak to each other in a way that increases productivity.
Cloud solutions have opened up possibilities for businesses that are interested in growing in an affordable way. By carefully choosing the applications and storage options they purchase, businesses can build a network infrastructure that grows with them, incorporating new employees and customers with ease.