Consumer AdviceWhat is identity theft Developing a Business Plan = Developing a Successful Business.

Consumer AdviceWhat is identity theft Developing a Business Plan = Developing a Successful Business.
By: Jitender Sharma


What is identity theft? (NC)—Identity theft occurs when someone uses your personal information without your knowledge or consent to commit a crime, such as fraud or theft.

Once they steal the information and manipulate it, identity thieves can invade your personal and financial life. They can use stolen identities to conduct spending sprees, open new bank accounts, divert mail, apply for loans, credit cards, and social benefits, rent apartments and even commit more serious crimes which, once arrested, they pin on their new identity.
ID thieves get your personal information by:

• Stealing personal and private information from wallets, purses, mail, your home, vehicle, computer, and Web sites you've visited or e-mails you've sent.

• Retrieving personal information in your garbage or recycling bin by "dumpster diving".

• Posing as a creditor, landlord or employer to get a copy of your credit report.

• Tampering with ATM and terminals at stores, which enables thieves to read your debit or credit card number and PIN.

• Buying the information from a dishonest employee working where personal and/or financial information is stored.

• Removing mail from your mailbox.

• Searching public sources, such as newspapers (obituaries), phone books, and records open to the public (professional certifications).

For more information on how to protect yourself from ID theft, and other common consumer scams, visit ConsumerInformation.ca . It's a Web site created by federal, provincial, territorial governments and their partners specifically to provide Canadians with convenient, one-stop access to hundreds of objective, reliable, current consumer information sources.
Developing a Business Plan = Developing a Successful Business.

Whether you are starting up a new business or you already have an established company, the importance of a business plan may be over looked. Yes, they can take some time to draw up but just think of your business plan as a map of a country. Without the details and information on this map, trying to navigate yourself around a country will usually end up leaving you lost. Probably travelling the same routes over and over again, taking you 2-3 times longer to find your way(if you do every find your way).

A detailed business plan could mean your success in business. Consider this. How can you take your company in the right direction, developing the methods you need to succeed if you do not know what you are trying to accomplish. It would be like building a house with no plans and trying to put the roof on first. Yes, you may be successful in building the roof but your house will be missing some essential pieces. You may not miss these pieces at first, but down the line(especially when the winter comes) you are going to be wishing you built those walls too!

A business plan plots a course for your business to follow. It allows you to determine and realize your growth but more importantly what steps are needed to be token to achieve this. It helps you figure out the materials you need in place so that you can first build a strong infrastructure for your business. Another great thing about a business plan is that like any map it can be changed over time to represent the lay of the land. Which allows you to make any changes that need to be made to your route and to help you navigate them better?

While you are developing your business plan you will see that it will start to show you what you will need to do to be successful. Including such things as materials needed, your timeline and projected numbers for your business. It also will show your projected income and losses, as well as how your business will do in the first months and year(s) of operations. This information is priceless.

Another important factor of a business plan is that it will show you how you need to grow. You may wonder why this is so important. Simple. It falls right under you developing a marketing plan and picking out areas/markets for you to advertise in to grow your business. Without knowing where your business is going, there will be no way for you to develop an accurate marketing plan. These two things go hand and hand with each other.

So remember whether your business has been around for days, weeks months, years or is just an idea in your head. Develop a business plan which will help you develop a successful business.


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