Thursday, 30 June 2011
Printing from Tablet PCs Made Easy
How to Survive a Tax Audit
Advertising a Garage Sale for Free
Startups Without Financial Projections are Doomed
Most entrepreneurs tend to avoid this area of the business, and as a result are badly surprised by cost realities, and investor expectations. They seem to think that financial projections are simply invented numbers for investors, and not useful. In reality, it?s like jumping in your car for a long hard drive with no destination in mind. Chances are, you won?t enjoy success from the trip.
What is a business financial model, really? In most cases, it is merely a Microsoft Excel spread sheet loaded with your cost and revenue projections for your startup, starting now in time and extending at five years into the future. For more value, a few variables can be added, like product volume growth rate, and number of salesmen, for ?what if? analyses.
Why? For you to make decisions and manage the business - because we are all mere mortals and can?t possibly keep all these numbers and calculations in our head ? to decide whether and when the business is going to be profitable given rational projections of costs and income (these assumptions are referred to as your business model). Secondarily, it will be required by potential investors to validate how much money you need to get started, and how much return they can expect on their investment.
When? The financial model should be running even before you incorporate the business and build prototype products (would you start driving your car on a long trip before you knew where you were going?). If you can?t make that objective, then at least don?t approach potential investors until your model is working ? investors have little tolerance for startups with no financial plan.
How? Start with a ?sample? business model, available in generic form or customized for specific industries, from many sources on the Internet. Another alternative is to download from my website a free sample model that I built for a specific startup, with elements suggested by Angel investors and venture capitalists, ready to be customized to your business.
If you are not computer literate in Microsoft Excel, your first task is to find someone who has the time and expertise to convert your base set of costs and revenues into projection formulas, cash flow summaries, and a profit and loss statement.
Do your own, if you can, because you know the numbers. In fact, this is the easy part. More challenging is ?defining? the business model (assembling all the real variables of your projected business, pricing assumptions, staffing requirements, marketing costs, sales costs, and revenue flows).
This business model can then be used for many purposes, such as risk and profit assessment, projecting the values of assumptions that are made based on existing market conditions, calculating the margins that are needed to avoid adverse situations, and various forms of sensitivity analysis. These are necessary to estimate capital investment requirements, plan capital allocation, and measure financial performance.
Creating financial projections allows you to see areas of strength and weakness in your proposed business model, enabling you to make critical changes that will allow your business to run more successfully.
While people start businesses for many reasons, making money is usually important. Even a non-profit can?t afford to lose money. You won't know if you can meet these expectations until you build a financial model with reasonable financial projections.
It?s a great learning experience, and you can do it yourself, but don?t hesitate to ask for help from a professional if you need it. You will be amazed at how clear the relationship becomes between pricing, cost, and volume. When you lose money on every item, it?s hard to make it up in volume.
Marty Zwilling
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Pitney Bowes Goes Online With Postage
Wednesday, 29 June 2011
Free Publicity- Learn How to Write a Press Release
Branded Music Visualization Plug-In for Land Rover
I last wrote about branded WinAmp visualizations five years ago and haven't heard much since until today when I saw the Land Rover team released a visualization plug-in for Windows Media Player.
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Bit This!: Forget all the rules

Advertising Agency: Bit This! Madrid, Spain
Creative Directors: I�aki Saiz Roiz & Enrique Vi�uela Soto
Art Director: I�aki Saiz Roiz
Copywriter: Enrique Vi�uela Soto
Illustrator: I�aki Saiz Roiz
Published: June 2011
Winners of the 2011 Cannes Lions International Festival of Creativity
The Media Equation: A Newsroom That Doesn?t Need News
Sony: Storyboard Ninja Girls

Sony Cinealta.
For scenes that seem difficult.
Advertising Agency: Longplay 360, Sao Paulo, Brazil
Creative Director: Fernando Luna
Art Director: Max Souzedo
Copywriter: Marcel Petroff
Illustrator: Natan Nakel
Published: June 2011
Winners of the 2011 Cannes Lions International Festival of Creativity
LG 3D TV: Pinocchio, Superman
Tuesday, 28 June 2011
AMIS (Association of Mexican Insurance Companies): Office

Advertising Agency: Ogilvy & Mather, USA
Creative Directors: Miguel Angel Ru�z, Jos� Motalvo
Art Director: Oscar Carnicero
DP: Alberto Casillas
Director: Rodrigo Garcia Saiz
Production Company: Central Films
EP: Blanca Moreno
Post Producer: Leonel Perez
Editor: Jorge Hernandez
Winners of the 2011 Cannes Lions International Festival of Creativity
Nike: Shine
A Start-Up Matures, Working With AmEx
Get Free Gas; Ugly Cars Need Not Apply
If you are "cool and responsible", work "in a busy retail location" and drive a "high quality stylish vehicle" (or "any nice truck if you work at a large home improvement store") that you routinely park at beaches, sporting events, malls and fair groups, then Take 1 If You Dare has a deal for you. You festoon your "stylish vehicle" with promo magnets, and the company pays for your gas. Which in the age of $4-$5 gas, might not be a bad deal.
And if you need help with your mortgage, there's a deal for you, too.

