Business Development Financial Career Guide and Counseling

Question: What are the financial necessities of a research and development business? I am doing a project in my business class. We are making a business plan and i am in charge of the finances for the business. We are a consulting firm, we research and develope small business in the chicago area. If theres anyone that could help me that would be great.

Answer: Mainly it would be cost of labor, and also legal subscription service in order to do research Small biz resources - http://www.shop4mybiz.com

Question: I need the name of someone in the business development department, I need a real name for my call to go thru? I called the yahoo corporate offices and they won't give me a name of a contact person, nor would transfer me to anyone without a name and last name. Instead they told me to use one of the forms on yahoo.com. I need the name and phone number of someone I can speak about business development, or financial services.

Answer: This is a typical practice of many businesses, called "gatekeeping." They want you to fill out their form, and if there is a need or interest, they will respond to you. You should fill out their form, and if you get no response, it's time to try elsewhere.

Question: I'm thinking of starting a proprty/land development business in Scotland, is this a good time to start this? The current financial climate and slump in the housing market is making me wary of undertaking this project

Answer: Stop thinking about it. Property is on a downward spiral. Interest rates are increasing. Buyers have total control in the current environment. The only people that can possibly make money in this market at this time are those that can invest without borrowing for a LONG term possible profit. The fact that you are asking this question highlights your inexperience, forget it you will inevitably loose money even if you could obtain financial backing.

Question: how can i find a financial support from private individuals for my exportable banana business? I organized a group of farmers expert in growing exportable bananas here in Davao del Norte, Philippines into a Cooperative. We have been registered under the Cooperative Development Authority since last year. We have established an initial of 6 hectares of banana plantation which is about to be harvested next month. We are aiming to make it big let say 100 hectares but we are constraint with our very little capital. We already have an available area of 93 hectares ready for development but we dont have enough financial resources to materialize it.

Answer: No need to run for help from private investors who may have a lot of requirements before they part with their hard earned money. Your government can help you. I know a financing scheme that you can tap for your banana expansion project in the Phils. maximum PhP25 Million/project. No interest no collateral as long as you're a registered COOP which has been existing for at least two (2) years. You may email me at teamcme@yahoo.com if you need details.

Question: What is the basic contribution of a healthy and competitive financial system to the development process? 1. Mobilizing private domestic savings and channeling the funds to productive investments 2. Financing the government budget deficit 3. Allowing business to escape the grip of traditional moneylenders 4. Providing a large base for the inflation tax to operate on

Answer: What is this, quiz time? How about some potatoes for breakfast? Is that a choice? along with some fried eggs?

Question: A suitable business name,vision and mission for a company rendering Financial and legal services? Helping with business incorporation,Accounting and finances,recruitment and selection,Training,research and development,Investment advisory and private equities.

Answer: Business Name : Strategic Business Planners and Consultants Vision: Be recognized as an organization that provides excellent financial, legal and broad spectrum business services to the community where we live and work. Mission: Committed to meet the changing financial security needs of individuals and groups, to better their business opportunities and ensure customer satisfaction.

Question: I have a great business idea, but where can I get the financial backing? A friend and I want to open a spa in the mountains of New Mexico. There's a plot of land that would be ideal, in an area newly opened for development. I have a very good idea of how we can use the land to finance the building and such, but the very first thing is GETTING the money. I'd need at least $50,000 to get it all started, and the investment will pay off in about five years. I'm working on a business plan, but since I recently lost my job I've no credit to speak of, certainly not at that level. Maybe a venture capitalist might be able to help? Or some other source, if anyone knows of these things...

Answer: If you go to 3 different FDIC approved banks, and get turned down, then you are automatically qualified to get a federal small business loan

Question: I'm pursuing a career in personal financial planning, where do I start? I have a BS in Business Administration, and now I'm enrolled in a Financial Planning professional development program, for which I will receive a certificate. Where do I start looking for a job to get experience if I haven't received the certificate yet? Where should I look for work with no financial planning experience?

Answer: If you are just starting out, consider contacting larger financial companies- investment firms like Smith Barney, Merrill Lynch, etc. or insurance companies like MetLife, Pru or John Hancock. These companies will train you, get you licensed (for securities and insurance) and help you start your career. You may find that you really enjoy working for a big company- there are some benefits- or you may find after a few years that you would like to be on your own. That's what I did and have been successfully self-employed since I was 26 years old. (I'm 38 now.)

Question: What to study..Web Design Web Development or Business IT? Im considering Web Design, Web Development, Multimedia and Business IT and I dont know how to find out what is the right choice. I was always around computers and like to "hang out" with them like I was crerating my own websites and editing some music..I hate maths, physics, financial analysis and so on, I prefer marketing within business area..What I always liked was photography and design but I am not able to draw or paint anything (Im so untalented:), thats why Im thinkin about webdesign..I mean business IT its more about databases, analysis..and I dont know if I like it or not..anyone can help? Im thinkin maybe its important that I can imagine myself meeting with ppl/companies and suggesting/considering what is good/related to their business and creating website afterwards..also Im sure Id enjoy creating leaflets, prospects, "tidy-up" informations, also shoot pictures and video and then use it for all these things Ive mentioned above sounds really good to me..Altough I can surely get better job with Business IT..really hard to decide

Answer: You're leaning more towards Web Design/Web Development. But you can always do a little bit of both before deciding. Take electives in both Web Design and Business IT. A big thing to remember is that School and Work are two ABSOLUTELY different environments. You will find that much of what you learn in school is not relevant in the working world. Therefore, I suggest you do the following: 1) Get a volunteer job or a part time paid job in Web Design first and Business IT afterwards (or the other way around). This will expose you to the real world of Web Design and Business IT. Then you'll know for sure if you like it. 2) Go to conferences and seminars to speak with Professional Web Designers and Professional Business IT personnel. Ask them about their job. Tell them about your aspirations and your personality, and they will give you further advice. I went through what you're about to go through now and I made a big mistake in not following advice 1) and 2). You can read about my mistakes here: Why You Should Not Choose Engineering http://www.john-lai.com/?p=7 Why You Should Choose Engineering http://www.john-lai.com/?p=8 Although I chose engineering, the lessons I explain applies to any discipline. I hope you do better than me!

Question: what is the best software to bye for business? that will help me do these key elements of .a business plan ...listed below. 1.Executive summary 2Business description. 3.competitive analysis. 4.Design and Development plan. 5.market strategies. 6.operations and development plan. 7.financial factors.

Answer: Spelling and grammar checker! Bye.