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Small businesses in the food industry (like bakeries and restaurants) are also prime candidates who can and should take an advantage of SR&ED (Scientific Research & Experimental Development) tax credits incentive program. Experimenting with new ingredients, modifying products to suit recent diet fashion – all these activities often qualify as shop-floor experimental development.
Many people think that the access to Canadian Government funded R&D incentives is limited to manufacturers and research labs. It is exciting to discover that small businesses in the food industry (like bakeries and restaurants) are also prime candidates who can and should take an advantage of this amazing funding program!
The SR&ED program aims to reimburse companies for their experimental development expenses. The goal is to make creativity and innovation affordable in the Canadian business environment and foster future development.
The program is highly relevant to small businesses, where a refund of $20K-$70K could mean a world of difference. The actual refund amount depends on proper identification and qualification of eligible expenditures.
What can possibly qualify a bakery or a restaurant for governmental R&D incentives?
- Recipe changes that improve taste or quality
- Improvement of nutritional properties (low-fat, low calories)
- Elimination of allergens, preservatives, artificial dyes
- Increase of a product shelf life
- Equipment or appliance modifications
- And more…
In order to stay competitive, food producers must respond to changing tastes and demands. Experimenting with new ingredients, modifying products to suit recent diet fashion – all these activities often qualify as shop-floor experimental development.
Working on new ideas takes time, wastes materials and requires equipment modification. The SR&ED program allows retrieving these expenses:
- 68% of qualified payroll costs
- 41% of sub-contractor expenses
- 22.6% of capital expenditures
The refund has no strings attached – the owners are free to spend it anyway they like – buy new equipment, avoid eliminating a job, or give everyone a big bonus – the decision is yours!
Using the extensive experience of trained engineers (like our team), business owners have the opportunity to review their potential for qualification, and complete the application process in a few hours, and with no up-front costs.
Discovering that your business is eligible for SR&ED funding makes a world of difference – on the bottom line, as well as future planning!
Author: Mark Sorkin
Article Source: EzineArticles.com
Provided by: Programmable Pressure Cooker
The most important thing you can do for your business is to hire the right people. We all know that, but do we all act on that, all the time? Probably not. In my experience as an entrepreneur, it is too easy to focus on the tasks on hand, to worry about the budget, and to not hire when we should. Raising money, building a network and honing your pitch are all essential first steps in starting a business. And all of this work goes down the drain if you hire the wrong people.
The most important thing you can do for your business is to hire the right people. We all know that, but do we all act on that, all the time? Probably not. In my experience as an entrepreneur, it is too easy to focus on the tasks on hand, to worry about the budget, and to not hire when we should. Raising money, building a network and honing your pitch are all essential first steps in starting a business. And all of this work goes down the drain if you hire the wrong people.
Attracting and hiring talent depends on you. It will be your network through which you find the right people. It will be your ability to sell your vision that gets them excited to join. Most importantly, it will be your ability to intuit the fit with you and your team that makes your team a team. So, keep working your network and your pitch, they are always evolving and are critical to all aspects of your business.
Assembling a great team is no small feat. Attracting the right people to your company involves a number of things: your location, your company’s culture and then how they (the talent) fit with the existing team. The last point is really important. Building a team is very different than hiring an individual. You have to look for balance and traits that complement each other. It’s critical to balance both your management team (and your employees in general) with personalities and work styles that complement your own personality and the others on the team. AT my company, I made sure to get a range of personalities that complemented each other. As a result, we have a well-balanced executive team feeding off of each other all the time.
This is one of the biggest lessons I’ve learned in my career so make sure you think about how the team will work together before you hire. In the end, it’s not just about hiring and retaining, it’s figuring out who and what you want to hire. When you are starting a company, not only do you have to think about your culture and your product, you also have to think about your own skills and personality and how great talent can balance and improve upon that.
An excellent book on balancing work personality styles is People Styles at Work: Making Bad Relationships Good and Good Relationships Better.
STEP 1: Network
How do you get access to the right people? Networking. All the great people that I’ve hired have always come through networking. Sometimes I knew them before, but often I did not. Sometimes it was an explicit referral for an open position but sometimes I didn’t even know the position was open. Yes, that is correct, some of my best hires are for positions that I didn’t know I needed. I realized during the conversation that someone could solve a problem for me. So, while a job description is nice, it is not required. (In fact, at my current business, I have asked all of my key hires to write the job description. This is an extremely useful tool to see if the person understands the job the way you do and saves you a little work). When you are a manager, you must always be open to rethinking your organization and you must always be networking. You just never know when that natural athlete is going to cross paths with you.
What do I mean by natural athlete? Natural athletes are individuals that are independent self starters. No matter what you throw at them they will figure it out. In a startup you can never have enough of these. While star athletes, those that are experts in one thing, are important as well, the natural athlete will be more capable of adapting to the changing world of a startup.
STEP 2: Intuit
I believe there is a “love-at-first-sight” equivalent when you are hiring somebody. I’ve gotten to the point where I can tell within the first five or 10 minutes whether or not I am excited by the conversation. If I am excited, I am talking to a great hire. Usually, after the interviews are complete I can figure out what it was that caused me to be excited in the first 10 minutes. It’s a gut feeling. I have had lots of training from HR professionals that will tell you the gut is wrong more than it is right. That is true in the beginning of your career but less and less so as you mature as a manager. It is your job to hone that instinct and your gut so that the “love at first sight” can happen for you. Also, for me, part of the gut feel is whether or not I think the person is going to be a lot of fun to work with. Life is too short to not work with people you enjoy. The good news is that you are in a position to make sure that is true. So if your gut doesn’t tell you something, don’t hire the person if it is a key hire. Otherwise, you’ll end up with just a “relationship” not a great relationship.
Step 3: Sell
Most of the time the best people that I hired weren’t even looking for a job. That means that once you find the people, you have to sell them. There are different components that you have to keep in mind when you are recruiting. Like all selling, think about your target audience and adjust your pitch. When you are pitching an employee, they need to see someone who has leadership and vision for the company, the product and the culture. Employees like to know that there’s a captain of the ship, on board to make the hard decisions and plotting a course. Without that, people typically don’t want to jump on board, too. For a smaller company, it’s really important to hire people who are resourceful and willing to get into the trenches and do things beyond the specific job description that you’ve laid out for them. So if you are hiring the natural athlete, they want to hear all the different ways they get to pitch in.
Author: Rene Lacerte
Article Source: EzineArticles.com
Provided by: Duty tariff
Small businesses in the food industry (like bakeries and restaurants) are also prime candidates who can and should take an advantage of SR&ED (Scientific Research & Experimental Development) tax credits incentive program. Experimenting with new ingredients, modifying products to suit recent diet fashion – all these activities often qualify as shop-floor experimental development.
Many people think that the access to Canadian Government funded R&D incentives is limited to manufacturers and research labs. It is exciting to discover that small businesses in the food industry (like bakeries and restaurants) are also prime candidates who can and should take an advantage of this amazing funding program!
The SR&ED program aims to reimburse companies for their experimental development expenses. The goal is to make creativity and innovation affordable in the Canadian business environment and foster future development.
The program is highly relevant to small businesses, where a refund of $20K-$70K could mean a world of difference. The actual refund amount depends on proper identification and qualification of eligible expenditures.
What can possibly qualify a bakery or a restaurant for governmental R&D incentives?
- Recipe changes that improve taste or quality
- Improvement of nutritional properties (low-fat, low calories)
- Elimination of allergens, preservatives, artificial dyes
- Increase of a product shelf life
- Equipment or appliance modifications
- And more…
In order to stay competitive, food producers must respond to changing tastes and demands. Experimenting with new ingredients, modifying products to suit recent diet fashion – all these activities often qualify as shop-floor experimental development.
Working on new ideas takes time, wastes materials and requires equipment modification. The SR&ED program allows retrieving these expenses:
- 68% of qualified payroll costs
- 41% of sub-contractor expenses
- 22.6% of capital expenditures
The refund has no strings attached – the owners are free to spend it anyway they like – buy new equipment, avoid eliminating a job, or give everyone a big bonus – the decision is yours!
Using the extensive experience of trained engineers (like our team), business owners have the opportunity to review their potential for qualification, and complete the application process in a few hours, and with no up-front costs.
Discovering that your business is eligible for SR&ED funding makes a world of difference – on the bottom line, as well as future planning!
Author: Mark Sorkin
Article Source: EzineArticles.com
Provided by: Latest trends in mobile phone
Still selling cookies, chocolates and candles? Still making profit margins of 25-50%? It’s time to change and make serious profits with this unique Australian concept.
On the average list of fundraising ideas you will find many suggestions. However, you need to look at several factors before you determine how effective these fundraising ideas will be for your purpose.
1. Is the product easy to sell?
Is it something your customers really need? If the product is a necessity item, sales are more likely to be much higher and more frequent. You will have regular, repeat sales all year round.
2. Is the product unique?
Is the market already well catered for with the type of fundraising product you are considering to sell? If the product is new, consumer interest will be much greater.
3. Can the product be labelled specifically for you?
This gives you more opportunity to promote and advertise your organization.
4. Is it a product your organization’s members would be interested in buying?
If the product you are selling is an item your own members would not buy, you should reconsider keeping this on your list of fundraising ideas.
5. Is the product profitable?
Some fundraising products offer profit margins of only 25-50% and the unsold portion goes to waste, reducing your returns. But if you make your own products, the profit margins can be as high as 500-1000 %.
On the top of your list of fundraising ideas you should consider making your own range of cleaning products, toiletries and cosmetics. These products fulfill all the above criteria for making a successful, long term and highly profitable fundraiser.
These are everyday necessity items, used by you, your family, your friends, your members, businesses and the general public. Unlike most products on the average list of fundraising ideas, the market is not saturated.
These fundraising products can be labelled with the logo of your organization or any other design to benefit you.
Cleaning products, toiletries and cosmetics have a long shelf life, minimizing wastage and thereby maximizing profits. They are exceptionally easy to make from home or workshop – no special equipment or qualifications needed.
Because you are the manufacturer, you can make only what you need, and all the profit is yours.
Cleaning and cosmetic products make a great stand alone business for individuals or couples, as well as being a prefect addition to the list of fundraising ideas for organizations.
Author: Sam Stein
Article Source: EzineArticles.com
Provided by: Digital Camera Information
The most important thing you can do for your business is to hire the right people. We all know that, but do we all act on that, all the time? Probably not. In my experience as an entrepreneur, it is too easy to focus on the tasks on hand, to worry about the budget, and to not hire when we should. Raising money, building a network and honing your pitch are all essential first steps in starting a business. And all of this work goes down the drain if you hire the wrong people.
The most important thing you can do for your business is to hire the right people. We all know that, but do we all act on that, all the time? Probably not. In my experience as an entrepreneur, it is too easy to focus on the tasks on hand, to worry about the budget, and to not hire when we should. Raising money, building a network and honing your pitch are all essential first steps in starting a business. And all of this work goes down the drain if you hire the wrong people.
Attracting and hiring talent depends on you. It will be your network through which you find the right people. It will be your ability to sell your vision that gets them excited to join. Most importantly, it will be your ability to intuit the fit with you and your team that makes your team a team. So, keep working your network and your pitch, they are always evolving and are critical to all aspects of your business.
Assembling a great team is no small feat. Attracting the right people to your company involves a number of things: your location, your company’s culture and then how they (the talent) fit with the existing team. The last point is really important. Building a team is very different than hiring an individual. You have to look for balance and traits that complement each other. It’s critical to balance both your management team (and your employees in general) with personalities and work styles that complement your own personality and the others on the team. AT my company, I made sure to get a range of personalities that complemented each other. As a result, we have a well-balanced executive team feeding off of each other all the time.
This is one of the biggest lessons I’ve learned in my career so make sure you think about how the team will work together before you hire. In the end, it’s not just about hiring and retaining, it’s figuring out who and what you want to hire. When you are starting a company, not only do you have to think about your culture and your product, you also have to think about your own skills and personality and how great talent can balance and improve upon that.
An excellent book on balancing work personality styles is People Styles at Work: Making Bad Relationships Good and Good Relationships Better.
STEP 1: Network
How do you get access to the right people? Networking. All the great people that I’ve hired have always come through networking. Sometimes I knew them before, but often I did not. Sometimes it was an explicit referral for an open position but sometimes I didn’t even know the position was open. Yes, that is correct, some of my best hires are for positions that I didn’t know I needed. I realized during the conversation that someone could solve a problem for me. So, while a job description is nice, it is not required. (In fact, at my current business, I have asked all of my key hires to write the job description. This is an extremely useful tool to see if the person understands the job the way you do and saves you a little work). When you are a manager, you must always be open to rethinking your organization and you must always be networking. You just never know when that natural athlete is going to cross paths with you.
What do I mean by natural athlete? Natural athletes are individuals that are independent self starters. No matter what you throw at them they will figure it out. In a startup you can never have enough of these. While star athletes, those that are experts in one thing, are important as well, the natural athlete will be more capable of adapting to the changing world of a startup.
STEP 2: Intuit
I believe there is a “love-at-first-sight” equivalent when you are hiring somebody. I’ve gotten to the point where I can tell within the first five or 10 minutes whether or not I am excited by the conversation. If I am excited, I am talking to a great hire. Usually, after the interviews are complete I can figure out what it was that caused me to be excited in the first 10 minutes. It’s a gut feeling. I have had lots of training from HR professionals that will tell you the gut is wrong more than it is right. That is true in the beginning of your career but less and less so as you mature as a manager. It is your job to hone that instinct and your gut so that the “love at first sight” can happen for you. Also, for me, part of the gut feel is whether or not I think the person is going to be a lot of fun to work with. Life is too short to not work with people you enjoy. The good news is that you are in a position to make sure that is true. So if your gut doesn’t tell you something, don’t hire the person if it is a key hire. Otherwise, you’ll end up with just a “relationship” not a great relationship.
Step 3: Sell
Most of the time the best people that I hired weren’t even looking for a job. That means that once you find the people, you have to sell them. There are different components that you have to keep in mind when you are recruiting. Like all selling, think about your target audience and adjust your pitch. When you are pitching an employee, they need to see someone who has leadership and vision for the company, the product and the culture. Employees like to know that there’s a captain of the ship, on board to make the hard decisions and plotting a course. Without that, people typically don’t want to jump on board, too. For a smaller company, it’s really important to hire people who are resourceful and willing to get into the trenches and do things beyond the specific job description that you’ve laid out for them. So if you are hiring the natural athlete, they want to hear all the different ways they get to pitch in.
Author: Rene Lacerte
Article Source: EzineArticles.com
Provided by: Canada duty rates
Small businesses in the food industry (like bakeries and restaurants) are also prime candidates who can and should take an advantage of SR&ED (Scientific Research & Experimental Development) tax credits incentive program. Experimenting with new ingredients, modifying products to suit recent diet fashion – all these activities often qualify as shop-floor experimental development.
Many people think that the access to Canadian Government funded R&D incentives is limited to manufacturers and research labs. It is exciting to discover that small businesses in the food industry (like bakeries and restaurants) are also prime candidates who can and should take an advantage of this amazing funding program!
The SR&ED program aims to reimburse companies for their experimental development expenses. The goal is to make creativity and innovation affordable in the Canadian business environment and foster future development.
The program is highly relevant to small businesses, where a refund of $20K-$70K could mean a world of difference. The actual refund amount depends on proper identification and qualification of eligible expenditures.
What can possibly qualify a bakery or a restaurant for governmental R&D incentives?
- Recipe changes that improve taste or quality
- Improvement of nutritional properties (low-fat, low calories)
- Elimination of allergens, preservatives, artificial dyes
- Increase of a product shelf life
- Equipment or appliance modifications
- And more…
In order to stay competitive, food producers must respond to changing tastes and demands. Experimenting with new ingredients, modifying products to suit recent diet fashion – all these activities often qualify as shop-floor experimental development.
Working on new ideas takes time, wastes materials and requires equipment modification. The SR&ED program allows retrieving these expenses:
- 68% of qualified payroll costs
- 41% of sub-contractor expenses
- 22.6% of capital expenditures
The refund has no strings attached – the owners are free to spend it anyway they like – buy new equipment, avoid eliminating a job, or give everyone a big bonus – the decision is yours!
Using the extensive experience of trained engineers (like our team), business owners have the opportunity to review their potential for qualification, and complete the application process in a few hours, and with no up-front costs.
Discovering that your business is eligible for SR&ED funding makes a world of difference – on the bottom line, as well as future planning!
Author: Mark Sorkin
Article Source: EzineArticles.com
Provided by: Excise Tax
Small businesses in the food industry (like bakeries and restaurants) are also prime candidates who can and should take an advantage of SR&ED (Scientific Research & Experimental Development) tax credits incentive program. Experimenting with new ingredients, modifying products to suit recent diet fashion – all these activities often qualify as shop-floor experimental development.
Many people think that the access to Canadian Government funded R&D incentives is limited to manufacturers and research labs. It is exciting to discover that small businesses in the food industry (like bakeries and restaurants) are also prime candidates who can and should take an advantage of this amazing funding program!
The SR&ED program aims to reimburse companies for their experimental development expenses. The goal is to make creativity and innovation affordable in the Canadian business environment and foster future development.
The program is highly relevant to small businesses, where a refund of $20K-$70K could mean a world of difference. The actual refund amount depends on proper identification and qualification of eligible expenditures.
What can possibly qualify a bakery or a restaurant for governmental R&D incentives?
- Recipe changes that improve taste or quality
- Improvement of nutritional properties (low-fat, low calories)
- Elimination of allergens, preservatives, artificial dyes
- Increase of a product shelf life
- Equipment or appliance modifications
- And more…
In order to stay competitive, food producers must respond to changing tastes and demands. Experimenting with new ingredients, modifying products to suit recent diet fashion – all these activities often qualify as shop-floor experimental development.
Working on new ideas takes time, wastes materials and requires equipment modification. The SR&ED program allows retrieving these expenses:
- 68% of qualified payroll costs
- 41% of sub-contractor expenses
- 22.6% of capital expenditures
The refund has no strings attached – the owners are free to spend it anyway they like – buy new equipment, avoid eliminating a job, or give everyone a big bonus – the decision is yours!
Using the extensive experience of trained engineers (like our team), business owners have the opportunity to review their potential for qualification, and complete the application process in a few hours, and with no up-front costs.
Discovering that your business is eligible for SR&ED funding makes a world of difference – on the bottom line, as well as future planning!
Author: Mark Sorkin
Article Source: EzineArticles.com
Provided by: PCB Prototype & Manufacturing
The most important thing you can do for your business is to hire the right people. We all know that, but do we all act on that, all the time? Probably not. In my experience as an entrepreneur, it is too easy to focus on the tasks on hand, to worry about the budget, and to not hire when we should. Raising money, building a network and honing your pitch are all essential first steps in starting a business. And all of this work goes down the drain if you hire the wrong people.
The most important thing you can do for your business is to hire the right people. We all know that, but do we all act on that, all the time? Probably not. In my experience as an entrepreneur, it is too easy to focus on the tasks on hand, to worry about the budget, and to not hire when we should. Raising money, building a network and honing your pitch are all essential first steps in starting a business. And all of this work goes down the drain if you hire the wrong people.
Attracting and hiring talent depends on you. It will be your network through which you find the right people. It will be your ability to sell your vision that gets them excited to join. Most importantly, it will be your ability to intuit the fit with you and your team that makes your team a team. So, keep working your network and your pitch, they are always evolving and are critical to all aspects of your business.
Assembling a great team is no small feat. Attracting the right people to your company involves a number of things: your location, your company’s culture and then how they (the talent) fit with the existing team. The last point is really important. Building a team is very different than hiring an individual. You have to look for balance and traits that complement each other. It’s critical to balance both your management team (and your employees in general) with personalities and work styles that complement your own personality and the others on the team. AT my company, I made sure to get a range of personalities that complemented each other. As a result, we have a well-balanced executive team feeding off of each other all the time.
This is one of the biggest lessons I’ve learned in my career so make sure you think about how the team will work together before you hire. In the end, it’s not just about hiring and retaining, it’s figuring out who and what you want to hire. When you are starting a company, not only do you have to think about your culture and your product, you also have to think about your own skills and personality and how great talent can balance and improve upon that.
An excellent book on balancing work personality styles is People Styles at Work: Making Bad Relationships Good and Good Relationships Better.
STEP 1: Network
How do you get access to the right people? Networking. All the great people that I’ve hired have always come through networking. Sometimes I knew them before, but often I did not. Sometimes it was an explicit referral for an open position but sometimes I didn’t even know the position was open. Yes, that is correct, some of my best hires are for positions that I didn’t know I needed. I realized during the conversation that someone could solve a problem for me. So, while a job description is nice, it is not required. (In fact, at my current business, I have asked all of my key hires to write the job description. This is an extremely useful tool to see if the person understands the job the way you do and saves you a little work). When you are a manager, you must always be open to rethinking your organization and you must always be networking. You just never know when that natural athlete is going to cross paths with you.
What do I mean by natural athlete? Natural athletes are individuals that are independent self starters. No matter what you throw at them they will figure it out. In a startup you can never have enough of these. While star athletes, those that are experts in one thing, are important as well, the natural athlete will be more capable of adapting to the changing world of a startup.
STEP 2: Intuit
I believe there is a “love-at-first-sight” equivalent when you are hiring somebody. I’ve gotten to the point where I can tell within the first five or 10 minutes whether or not I am excited by the conversation. If I am excited, I am talking to a great hire. Usually, after the interviews are complete I can figure out what it was that caused me to be excited in the first 10 minutes. It’s a gut feeling. I have had lots of training from HR professionals that will tell you the gut is wrong more than it is right. That is true in the beginning of your career but less and less so as you mature as a manager. It is your job to hone that instinct and your gut so that the “love at first sight” can happen for you. Also, for me, part of the gut feel is whether or not I think the person is going to be a lot of fun to work with. Life is too short to not work with people you enjoy. The good news is that you are in a position to make sure that is true. So if your gut doesn’t tell you something, don’t hire the person if it is a key hire. Otherwise, you’ll end up with just a “relationship” not a great relationship.
Step 3: Sell
Most of the time the best people that I hired weren’t even looking for a job. That means that once you find the people, you have to sell them. There are different components that you have to keep in mind when you are recruiting. Like all selling, think about your target audience and adjust your pitch. When you are pitching an employee, they need to see someone who has leadership and vision for the company, the product and the culture. Employees like to know that there’s a captain of the ship, on board to make the hard decisions and plotting a course. Without that, people typically don’t want to jump on board, too. For a smaller company, it’s really important to hire people who are resourceful and willing to get into the trenches and do things beyond the specific job description that you’ve laid out for them. So if you are hiring the natural athlete, they want to hear all the different ways they get to pitch in.
Author: Rene Lacerte
Article Source: EzineArticles.com
Provided by: Smart cooker
Still selling cookies, chocolates and candles? Still making profit margins of 25-50%? It’s time to change and make serious profits with this unique Australian concept.
On the average list of fundraising ideas you will find many suggestions. However, you need to look at several factors before you determine how effective these fundraising ideas will be for your purpose.
1. Is the product easy to sell?
Is it something your customers really need? If the product is a necessity item, sales are more likely to be much higher and more frequent. You will have regular, repeat sales all year round.
2. Is the product unique?
Is the market already well catered for with the type of fundraising product you are considering to sell? If the product is new, consumer interest will be much greater.
3. Can the product be labelled specifically for you?
This gives you more opportunity to promote and advertise your organization.
4. Is it a product your organization’s members would be interested in buying?
If the product you are selling is an item your own members would not buy, you should reconsider keeping this on your list of fundraising ideas.
5. Is the product profitable?
Some fundraising products offer profit margins of only 25-50% and the unsold portion goes to waste, reducing your returns. But if you make your own products, the profit margins can be as high as 500-1000 %.
On the top of your list of fundraising ideas you should consider making your own range of cleaning products, toiletries and cosmetics. These products fulfill all the above criteria for making a successful, long term and highly profitable fundraiser.
These are everyday necessity items, used by you, your family, your friends, your members, businesses and the general public. Unlike most products on the average list of fundraising ideas, the market is not saturated.
These fundraising products can be labelled with the logo of your organization or any other design to benefit you.
Cleaning products, toiletries and cosmetics have a long shelf life, minimizing wastage and thereby maximizing profits. They are exceptionally easy to make from home or workshop – no special equipment or qualifications needed.
Because you are the manufacturer, you can make only what you need, and all the profit is yours.
Cleaning and cosmetic products make a great stand alone business for individuals or couples, as well as being a prefect addition to the list of fundraising ideas for organizations.
Author: Sam Stein
Article Source: EzineArticles.com
Provided by: Bumper guardian
Still selling cookies, chocolates and candles? Still making profit margins of 25-50%? It’s time to change and make serious profits with this unique Australian concept.
On the average list of fundraising ideas you will find many suggestions. However, you need to look at several factors before you determine how effective these fundraising ideas will be for your purpose.
1. Is the product easy to sell?
Is it something your customers really need? If the product is a necessity item, sales are more likely to be much higher and more frequent. You will have regular, repeat sales all year round.
2. Is the product unique?
Is the market already well catered for with the type of fundraising product you are considering to sell? If the product is new, consumer interest will be much greater.
3. Can the product be labelled specifically for you?
This gives you more opportunity to promote and advertise your organization.
4. Is it a product your organization’s members would be interested in buying?
If the product you are selling is an item your own members would not buy, you should reconsider keeping this on your list of fundraising ideas.
5. Is the product profitable?
Some fundraising products offer profit margins of only 25-50% and the unsold portion goes to waste, reducing your returns. But if you make your own products, the profit margins can be as high as 500-1000 %.
On the top of your list of fundraising ideas you should consider making your own range of cleaning products, toiletries and cosmetics. These products fulfill all the above criteria for making a successful, long term and highly profitable fundraiser.
These are everyday necessity items, used by you, your family, your friends, your members, businesses and the general public. Unlike most products on the average list of fundraising ideas, the market is not saturated.
These fundraising products can be labelled with the logo of your organization or any other design to benefit you.
Cleaning products, toiletries and cosmetics have a long shelf life, minimizing wastage and thereby maximizing profits. They are exceptionally easy to make from home or workshop – no special equipment or qualifications needed.
Because you are the manufacturer, you can make only what you need, and all the profit is yours.
Cleaning and cosmetic products make a great stand alone business for individuals or couples, as well as being a prefect addition to the list of fundraising ideas for organizations.
Author: Sam Stein
Article Source: EzineArticles.com
Provided by: Guest blogger
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