What Email Etiquettes are Important in Business Conversations

Email Etiquettes

In this new-age of slangs and short-handing writings, we are more concerned about hitting the ‘reply’ button faster, than giving a thought to what we have written. Why is it so important to send a ‘proper’ text or email?

Your messages should be precise, simply worded and proper. Instead of a lengthy mail reciting an unnecessary background story, emails that get to the point are more effective. Poorly worded emails can sometimes risk you costly lawsuits.

Incorrect e-mail content and format can sabotage your reputation in the professional world. Consider some of these points to make a good impression on your clients and bosses.

  • Make sure your grammar, punctuation and spellings are at point. Not only does it give a bad impression to the receiver, a misspell, no commas or an improper sentence can make it hard for the other person to understand your message. Also avoid using unnecessary exclamation marks- you may look childish and unprofessional. Don’t write in capitals- looks as if you are shouting!
  • Be concise and to the point. Longer emails are discouraging.
  • Never share private information via mail. If confidential information gets into wrong hands, you may face serious legal repercussions. Discuss only public matters; what you’d write on a company letterhead, cannot be posted on the bulletin board.
  • Always give your introduction. Just because you had previously spoken on phone or had meeting, you cannot assume the person receiving your email will simply recognize you by your id. Include your name, a simple reminder of where you met last, and maybe a sentence or two about who you are.
  • Keep your message clean. Clean up the excessive carets (>>>) , or long list of email addresses that weren’t protected by Bcc. Don’t leave the message thread, it is very confusing to find the unread message out of the other reads ones. Also make sure you aren’t sending forwarded messages, if you are, at least remove the Fcc from the subject bar.
  • Your subject should be very clear. With so many emails clogging up the mail box, a simple and descriptive subject line helps to get to the point. If your email subject is obscure, the receiver may not pay attention to it, and skip it. Avoid subject lines that have all caps, excessive exclamation marks, or URL links. These tend to look like spam. Don’t hesitate to change the subject line, if the email thread is getting too long, especially when this message has to do nothing with the previous ones.
  • Always mention about any files you are attaching with the email. If you are attaching two or more files, make sure the files have proper names, so that the receiver knows at glance the subject.
  • While auto-responders make your job easy, most formal business should be personally addressed, i.e., included a customized personal content.
  • Don’t use the ‘high priority’ option unless it is actually really important. We don’t want to be the boy who cried wolf.
  • Read, revise and format your emails before you send them. Errors in emails show carelessness and impatience.

 

Your email is a reflection of you.

When Should you File for a Patent

patent

Before you get too excited about your little idea, start talking in front of the wrong people, you need to protect it. An idea simple has no value. You need to have proof that you yourself came up with whole idea, i.e., the idea is absolutely original. But patenting every idea that comes up your mind may not be feasible. The important question is- is your idea a business opportunity or an invention?

Patenting is an important tool to secure your product in the market, but it may not be your ticket to success. So before you spend thousands of dollars, filing a patent, you need to analyse whether your idea is indeed a smart business move. Securing a patent should never be your first step, because not all patented products stand through market dynamics.

So the very first step should be to analyse the idea, beyond your gut feeling and encouraging comments from friends and family. This involves a proper market research with an attention to product development. You are supposed to do a preliminary check on your target market, manufacturing and distribution costs, comparing costs of similar products, etc.,  before you invest a great deal of time and money on patenting your invention. How profitable is your invention in the actual market?

Do a preliminary patent search: Before you file for a patent you have to make sure no one else have patented your idea already. You can start with a basic search at www.uspto.gov. If you find any sort of non-patented artwork related to your idea, you cannot patent it.

Design a Prototype: A prototype is an early model or sample built to test a concept, which has all the specifications of the real working system. This is the design of the invention you will be presenting before the potential investors. Prototyping is necessary so that you discover all the flaws or kinks before your idea can be patented.

Once you have carefully covered up all the loopholes in your project, you can finally consider if you want to patent your idea or not. If you don’t want to go for a patent, you may want to consider filing for a trademark or copyright instead- a less expensive and easier option.

You may also want to make an important decision- whether you want to manufacture and sell the product all by yourself or you want to license for sale to another company. In both these cases, patenting will justify your investment in design.

After your research on the idea, designing of the prototype and working out the entire kink in your design, you can finally file the patent. While you are writing the patent and filling out the application on your own, it is better to get legal aid when you file the patent, so that any loophole in your patent document does not allow your competitor to copy your idea.

This is when you create a business plan and figure out how you would bring your product to the market.

While your patent attorneys will always recommend you to get a patent first, don’t just surrender to their advices, before you make an actual evaluation on your choices. Keep your mind open!

Apply for a Federal Tax ID in Wyoming

apply-for-einWhether you are running a business or just trying to live your life, one of the most important things you will do all year is fill out your taxes. This simple act has the potential to affect your life in many ways, so it is important to be accurate and prompt. This includes understanding what kind of documentation and identification you might need in order to complete all the necessary forms. An employer identification number (EIN), for example, is a commonly used form of identification by business and homeowner alike. If you need an EIN number in Wyoming, IRS-EIN can help.

 

Why do I need a tax ID number in Wyoming?

First of all, you might not need a tax ID number in Wyoming. If you are running a business or handling an estate or trust, however, then you very well might need one in order to keep everything running smoothly come tax time. A business corporation or partnership, for example, with employees is likely to need a tax ID in Wyoming. So will businesses planning on filing for an excise tax return, an employment tax return, or an alcohol, tobacco, and firearms tax return. Additionally, estates or trusts acting as an entity will likely necessitate the use of an EIN number in Wyoming.

If you have any of the following household employees, you also might need to apply for a tax ID in Wyoming:

  • Maid
  • Health Aide
  • Cleaning Person
  • Caretaker
  • Private Nurse
  • Babysitter

Apply for a Tax ID in Wyoming Today

If you need an EIN number in Wyoming, allow us to help. IRS-EIN understands the importance of providing an easy application, and will help you obtain your tax ID number in Wyoming. Begin the application process and visit IRS-EIN-Tax-ID.com today.

5 Reasons Why Working In A Company You Believe In Is Important

company-environment

A company is an organization or an enterprise, where a person puts in physical or mental effort in order to achieve a result.The person is expected to give his best to the company which in turn is expected to support him financially. He is supposed to be working with the firm firmly till retirement.

I am expected to work and earn in an organization since the age of twenty up to sixty years, that is a solid forty years of my life, it is therefore important that I believe in the company I work for.

  1. What is happening inside the organization?

I expect any change in the organization head or my immediate superior, the financial growth of my company whether good or bad to reach me from sources inside the organization than from any external media. The company I work with gives me this information. I must also be treated as one of the important contributors to the company’s growth. Sharing this information raises my self esteem in the organization and helps me to contribute better.

  1. Trust leadership team character.

I need to have confidence in my superiors. Their knowledge, experience, risk management approaches and decision making strategies must be one that I can understand and appreciate. The workload must be evenly distributed. The leader must not show any leniency or partiality towards any fellow employee. The leaders must appreciate and reward positive ideas coming from their juniors. If these qualities are not found, the motivation to work will be lost. Hence, the contribution will reduce leading to non – performance.

  1. Work atmosphere:

The work atmosphere at the workplace should be safe, hygienic and environment friendly. The safety of employees must be a priority.

I believe the company I work for keeps fire extinguishers, first aid kit and such essential items to meet emergency situations. They also provide for medical assistance during emergency. The safety guidelines at the place of work will be seriously followed without any neglect and negligence.

  1. Rules and policies:

The company rules,regulations and policies should be clear and unambiguous. It should not be individual centric but employee upliftment oriented. I believe their policies will be towards employee improvement and motivation. The promotion policies must be well specified and purely performance oriented. Being a relative of a higher official or carrying recommendation does not qualify an employment in the company.

  1. Compensation benefits:

I believe the company I work in has best compensational benefits. They support the family of employees through leave travel packages, gifts and other allowances. In case of any unprecedented happenings the company shall support the family by providing jobs to the heir. More than anything else the company shares its profits with all its employees.This brings in an attitude to put in extra working hours if need be without complaints.

How to Start a Business in 30 Days

Have a great idea or service you can provide to the world and want to know how to start your business in a month or less? Well, while some would say this is impossible, in the era of technology, startups have been able to make a grand debut in just a month. Here are some tips to help you get your business jump-started in 30 days.

Come up with an Initial Business Plan

50% of startups and small businesses are projected to fail within the five years. With such high pressures and disadvantages, you want to make sure that you are fully equipped for survival mode right from the beginning. In order to succeed, you need to come up with a solid business plan. Even on a tight budget, you can execute a killer marketing strategy for your company.

Research your competition, audience, and trends to help you start the process. You will want to take all of these into account and write them down. The more thorough your research of the market in your niche, the better you can plan yourself for success.

Next, you’ll need come up with goals and phase each goal out with the right marketing strategies to help achieve these goals. This is going to be an important part because you need to have an initial plan in order to measure your progress.

Establish Your Source of Finances

Next, you need to know how you’re going to fund your business. Having an idea just isn’t enough, you need to make sure you’re planning your financial sources for the project. You can acquire two types of financing: equity and debt.

Equity financing is the most popular in the industry these days and allows your startup to get started with their process. Equity financing sells the idea to consumers and gives them a share of your company. These kind of finances don’t need to be paid back, so the money is free for the small business or startup to do whatever they want – within reason of the agreement shared between your business and the equity shareholders.

Many companies are starting crowdfunding campaigns through popular websites like Indiegogo and Kickstarter. These companies have innovated the way startups can start businesses. The general public can choose to invest in your product, usually for the first wave orders of the product release. This means you get advanced funding from customers who believe in your product.

Debt finances are a contract between small businesses and a creditor. Usually, the contract is set up, where you are required to pay the loan back in payment installments over a course of time. Just like any other loan, these start-up business loans are tacked on with interest rates that really accumulate. This can be difficult for startups and small businesses, but after getting initial venture capital, it can be a good option for them to achieve higher amounts of financing.

Measure Your Progress and Adjust Your Goals

After you establish your funding sources and get your business plan in order, it’s time to execute. Planning the phases and milestones for each accomplishment will allow you to see your progress in your business. Don’t fret if you haven’t reached your goals, just use it as a way to scale your progress and goals to better situate yourself for success.

Measuring your progress and success is better than leveraging your “failures” of not reaching these milestones. It can deter you from wanting to pursue the business, so make sure you keep your progress in mind and not what you haven’t accomplished.

Your Business Startup in Only 30 Days

With these tools, your business can be up and running in only 30 days. Take each step with precaution and analyze everything. The key factors to the success of your business are all within the first few months of starting it. It lays the foundation for the company to either thrive or fail.

5 MNCs That Started With Small Investments

In the contemporary corporate world, the blooming successes of multinational corporations (MNCs) have captivated our minds, and we want our businesses to be just like them – famous and worthy. But what we often forget is that everything big was once something small. So without further ado, here are 5 MNCs that started with small investments:

Small Investments making it HUGE!

  1. Apple Inc

apple-inc

Founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne, Apple Inc started with the production of a personal computer kit called Apple I. What makes Apple Inc worthy of being mentioned here is not just the minor start-up capital of $1,020 but also the fact that all Apple I kits were solely built by Wozniak. Over the years, hard word and dedication paid off which is why it’s operating in around 17 countries with 478 retail stores as of now.

  1. Adida

adidas-originals-img

Since Adolf Dassler’s father was an ordinary worker in a shoe factory, Adolf and his brother – Rudolf began making their own sports shoes in 1924. Their venture started in their mother’s laundry in a time when electricity supplies were inadequate. Despite the hurdles, Dassler Brothers Shoe Factory AKA Adidas prospered and is currently serving its products worldwide.

  1. Ford Motor Company

ford-motor-company

Rendering its services worldwide and currently valued at approximately 28.64 billion USD, this automotive tycoon was founded by Henry Ford in 1903 with a capital of $28,000 from just 12 investors. Back then, only a handful of cars were produced per day with 2-3 men working per car in the factory. And now? Its manufacturing operations are performed worldwide from the USA to Africa, suffice it to say!

  1. Hewlett Packard

hewlett-packard

Although now defunct, HP is still worthy of being mentioned due to its long history that’s packed with lessons to learn. The pioneer of IT business, HP was established by William Redington Hewlett and Dave Packard in 1939 with an investment of a mere 538 USD. Then, the scale of operations was confined within Packard’s garage and after successfully flourishing till 2009, HP’s worth eventually began to decline to the point where it split into two companies in 2010.

  1. Cadbury

cadbury

Cadbury, a confectionery tycoon was established in 1824 by the Cadbury brothers namely John and Benjamin. Although the amount of their initial investment is unknown, it can be fathomed that Cadbury began with a small investment since its operations were limited to selling tea, coffee and drinking chocolate in Birmingham. Also, when it was taken up by John’s sons in 1861, only 11 employees were still working. After skyrocketing progress, Cadbury was finally bought for 11.9 billion pounds by Kraft in 2010.

So if you’re hoping to start your own business venture but are being laughed off because you don’t have sufficient capital, follow your heart and pursue your ambition! Eventually with hard work and dedication, your success story will become their moral for years to follow!