Article: The Business Plan serves a number of functions. It is a blueprint for building your company in the future, a guide to ensure you remain focused on your efforts, and a detailed description of your company for potential lenders and investors. Begin writing your business plan by including all of the required sections and leaving room to fill them in. The steps in this part should serve as your sections, starting with the business description. Your business plan will lay out a blueprint for your company. The first part of your business, the description, is a summary of the organization and goals of your business. Begin by justifying the need for a new financial company in the industry or target location. You should briefly identify your target market, how you plan to reach them, descriptions of your products and services, and how your company will be organized. Clarify who owns the company.  Specify the qualifications of your management team. Create an organizational chart. A comprehensive, well-developed organizational structure can help a financial institution be more successful.  The Chief Executive Office leads the "executive suite" of other company officers. The Chief Operating Officer manages the activities of the lending, servicing and insurance and investment units of the company. The Chief Administrative Officer’s responsibilities include marketing, human resources, employee training, facilities, technology, and the legal department. The Chief Financial Officer ensures that the company operates within regulatory parameters. This person also monitors the company’s financial performance. In smaller companies, executives may fill more than one of these roles simultaneously. Explain the types of financial products and loans you provide.  Emphasize the benefits your products offer to your target customers. Specify the need your product fills in the market. For example, if your target customers are small business owners, describe how the financial products and investments you offer to help them run their businesses. Determine how much money you need to start your finance company. Specify how much equity you own. State what percentage other investors own in the company. Indicate how you plan to finance your company with leverage (loans), where these loans are coming from, and how the loans will be used in the business.  In most cases, equity in the company is used primarily for the company's operations, rather than the source of loans to customers. Secondary lenders provide funds to the finance company that is subsequently loaned to customers; the customers' loans collateralize the lenders' loans to the finance company. This is because profit is made in the spread, or the difference between your cost of acquiring capital and profit from lending it out. Any funding request should indicate how much you need, how you intend to use the money, and the terms of the loan or investment. Your marketing strategy should explain how you plan to attract and communicate with both customers and lenders/depositors. It should also show how you plan to grow your company. The sales strategy defines how you will sell your product.  Promotional strategies include advertising, public relations, and printed materials. Business growth opportunities not only include building your staff, but also acquiring new businesses or beginning to offer different kinds of products. The sales strategy should include information about the size of your sales force, procedures for sales calls and sales goals. Reviewing the pro forma financial statements you created during your business planning, be sure that your projections are reasonable and conservative. You may also want to cautiously estimate performance over the next two years after that. Include a ratio analysis to document your understanding of financial trends over time and predict future financial performance.  Prospective financial data should provide monthly statements for the first year and annual statements for the next two years. Standard financial ratios include Gross profit margin, ROE, Current ratio, Debt to Equity. Ratio and trend analysis data helps you document whether you will be able to continue to serve your customers over time, how well you utilize your assets and manage your liabilities, and whether you have enough cash to meet your obligations.
Question: What is a summary of what this article is about?
Set up your business plan. Write a business description. Describe the organization and management of your company. Describe your product line. Explain how your business is financed. Document your marketing and sales management strategies. Include financial statements in your business plan.
Article: If your furniture has removable pieces, such as drawers and doors, take these off and set them aside. If your furniture has any pieces that you do not want painted, such as hinges, knobs, and pulls, remove them and set them aside; if you cannot remove them, then cover them with painters tape. Imperfections show up on black surfaces, and even more so if that surface is glossy. If your furniture has any dents or holes, fill these in with some wood filler or putty. Before you can start priming and painting your furniture, you need to sand your piece. This gives the primer a rough surface to grip on to. Take some fine grit sand paper (between 180 and 220 grit) and lightly buff the entire surface of your piece. You do not have to strip the entire previous paint job; you simply need to create a rough texture. If your furniture has a varnish on it, then use 80 grit sandpaper. You need to remove any dust created from when you sanded your furniture. Do this by wiping the entire surface of your furniture with a tack cloth. Grey primer helps make shadows more visible, which will help you find and fix any imperfections. You can either paint or spray on the primer. To prevent drips and puddles, apply several light coats of primer (while letting the primer dry between coats) as opposed to one thick coat. Be sure to choose a primer intended for the material your furniture is made out of. Once the primer has dried, run 220 grit sandpaper over any imperfections in the primer, such as paint drips, bubbles, and globs. After that, wipe the piece down again with tack cloth. If necessary, apply more primer and repeat the process. Remember, imperfections show up more on black surfaces, so your primed surface needs to be as smooth as possible. Before you start painting, let your primer dry at least 24 hours. Refer to the directions on the can, as some primers might require more time.
Question: What is a summary of what this article is about?
Remove drawers and any pieces you don't want painted. Fix any dents and scratches. Sand your furniture. Wipe your furniture down with a tack cloth. Apply a grey, paint primer to your furniture. Use sandpaper and tack cloth to remove any imperfections. Wait your primer dry.
Article: Keloid scars are more commonly found on the arms, upper chest, and upper back. They grow beyond the borders of the original abrasion and appear as red, raised nodules. Keloids are the result of an overgrowth of dense fibrous tissue that usually develops after healing of a skin injury. You can also develop a keloid scar from a cut, a piercing, or acne.  Keloid scars are more difficult to prevent and treat, but early recognition can lead to either prevention or at least reduction. People with darker complexions, pregnant women, teens, individuals under 30, and others with a history of keloid scarring may be more susceptible to keloid scar formation. Hypertrophic scars are less visible and stay within the boundaries of the original damage. They become flatter and paler over time. While men and women are equally susceptible to hypertrophic scarring, there are specific groups that are more prone to it. People at higher risk include ,:  use surgical blades (because they are at a higher risk of cutting themselves) are overweight  Asians, Africans, African Americans or other dark skinned people (may also be prominent in Native Americans and Alaskan Natives) are most likely to form keloids. Before deciding on what method to use, consult your physician. Everyone's skin is different and every scar causing injury is different too. Your doctor will be able to tell you whether simple silicone coverings will work or if more extreme measures are necessary to reduce the size of scars or to get rid of them all together. If you have a history of keloidal scarring, then you may want to avoid any non-essential surgeries to prevent scarring.  All surgical wounds should be closed with the least amount of tension around the incision. Incisions should not cross joint spaces, which are prone to excessive stretching. Mid-chest incisions should be avoided for the same reason. If you have to get surgery and a scar is unavoidable, there are laser techniques surgeons can use to reduce the appearance of scars.
Question: What is a summary of what this article is about?
Identify the risk factors for keloid scar formation. Know who is at risk for hypertrophic scar formation. Talk to your doctor. Avoid non-essential cosmetic surgeries.