Add You - Business

What's It Worth?
Adjust Cash FlowTo determine the profitability value a business falls into, it is necessary to determine the Adjusted Cash Flow of that business. The Adjusted Cash Flow is equivalent to its earnings before interest, depreciation, and taxes (EBIDT in accounting terms), plus additions or subtractions for owner’s salary, discretionary, single occurrence, or non-cash expenses. Once a thorough analysis of the financial information has been completed, and the Adjusted Cash Flow determined, the category of Market Value is defined.In general, a privately owned single or small (1-3) multi-unit business will fall into one of the three profitability categories:Positive Cash Flow Break Even Asset SalePositive Adjusted Cash FlowThis category will generally represent the highest Market Value of an on-going business. In this situation the business is profitable and established. The buyer is purchasing a combination of the historical cash flow, fixed assets, operational assets (trade name, concept, menu, etc.) and goodwill. The Market Value for businesses in this category is based on a multiplier of the Adjusted Cash Flow, that ranges between two (2) and five (5) times Adjusted Cash Flow. A second value is determined by using a multiplier of Gross Sales (net of sales tax) between 30% and 40%. Business

r of cotton since domestic demand has persistently exceeded available stocks. Beside cotton, Turkey has a strong standing in synthetic fiber, wool and mohair productions. Turkey ranks ninth in synthetic fiber, eighth in wool and third in mohair production in the world.

Home Textile Industry

Besides the Turkish textile industry Turkish home textile industry has also shown a growth in terms of production and exports. In recent years the production of home textiles has shown a stable increase due to the rise in domestic and external demand for home textiles. Turkish home textile industry has recorded growth in terms of production and exports in recent years. Almost all kinds of home textiles are produced in Turkey. These may be listed as follows in order of their export values: bed linens, bedspreads, table linens, towels, bathrobes, voiles, curtains, lace, interior blinds, curtain or bed valances, blankets, cushions, pillows, quilts, eiderdowns.

In home textile sector, besides large scale firms there are many small and medium sized firms scattered all around the country. As a division of the textile industry, the home textiles sector accounts for 3.2% share in Turkey's total exports and have been an important sub-sector for the Turkish economy. European countries are the most important markets for Turkey s home textile exports. At present Germany, the UK, France, the USA, Netherlands and Russian Federation are the major markets for Turkey s home textile exports. New markets such as Poland, Hungary, Romania and CIS countries are gaining more and more importance.

Foreign Investments in the Sector

The products of the Turkish textile and apparel sector have a good reputation in foreign markets as a result of the availability of high quality cotton in Turkey, wide usage of CAD (Computer Aided Design) and CAM (Computer Ai

The Evolution of Magazine
Magazine has come a long way since it started being published in the US less than three centuries ago. Even Benjamin Franklin published one himself.But published magazines then only lasted for a few months. This is because publishers are limited geographically and the cost of magazine printing could be quite expensive. A few people could afford getting a subscription. And the target of the publishers were the “educated class” because most magazines before were about education and life enhancement.More than five decades after the magazines were introduced, mass circulation was made possible. Magazines which before can only be purchased by the buying elite, is now available for the working class as well. And the subject matter was shifted mostly to entertainment as well.Now, a vast array of subject is introduced, from businesses to computers, fashion to entertainment, technology to health. And even under these, sub-headings were introduced like in entertainment, there are for arts and crafts, books, food, games, pets, television and a lot more. These are now catered to more readers ranging from businessmen to housewives, to college students and even to little girls.Magazines are now very affordable to the masses. This was made possible by lesser cost in magazine printing. Plus a bulk of the cost is also less

Market Overview

Textile and Apparel industry has a great contribution to the Turkish economy. The industry has been denominated as the locomotive of the Turkish Economy for years. Turkey's textile and apparel exports continued rising recently after began falling in January, with elimination of EU and US quotas.

The industrialisation efforts of the 60's and 70's gave birth to the modern textile industry in Turkey. At the beginning, this sector was operating as small workshops. But the sector showed rapid development and during the 1970's began exporting. Today, Turkey is one of the important textile and clothing producers and exporters in the world.

Turkey's textile and clothing manufacturers began relocating production in Eastern Europe and Central Asia. In the last three years, Turkish textile and apparel companies faced raising difficulties, after having substantially succeeded in the eighties and the first part of the nineties.

Chinese textile exports after a decades-old quota system limits ends on January 1, 2005 and the World Trade Organization believes that within three years the Asian giant could be producing over half of the world s textiles, up from 17% in 2003.

The end of the quota regime has spawned fears of widespread job losses around the world, including in Turkey, whose own textiles and apparel exports stand at around $20 billion a year.

Thus, it is necessary to understand the Turkish textile and apparel sector, the weakness and the strength it has in the World market.

Current scenario of Textiles and Apparels in Turkey

The textile and apparel sector has been the backbone of the Turkish economy with a vital role to play in the industrialisation process and market orientation of the economy in the last two decades. In the 1980s, it was the leading sector related to the global economy and the export revenues of this hard currency earning sector contributed substantially to the overall economy. The textile sector continued to be one of the major contributors to the Turkish economy, being one of the fastest growing sectors in the 1990s with an average 12.2% annual growth, while the Turkish economy had an average growth of 5.2% per year. Total investment in the sector exceeded US$ 150 billion, of which more than US$ 50 billion was invested in the last 5-10 years.

Textile industry started out in the 1960s in small workshops, have rapidly developed and transformed Turkey into a global competitor.

The total number of firms in the sector, dominated (95%) by the private sector, number around 44,000 and 25% of them are active exporters. The apparel industry is constituted mainly (80%) of small and medium sized firms whereas the technology-intensive textile production has been undertaken by large-scale companies. Today, around 20% of Turkey's 500 largest companies are involved in the textiles and apparel sector.

Low labor costs, a qualified workforce, relatively cheap raw materials have played an important role in the significant growth of the sector; as well as a liberalized economic environment and export-led policies in the last two decades.

The production value of the sector is over US$ 20 billion. Employment in the sector is estimated to be about 4 million people (2.5 million employed directly and a further 1.5 million indirectly through the sub-sectors). Official statistics also reveals that around 500,000 employees in the sector due to unregistered labor force.

The apparel sector exports approximately 60% of its production. Capacity utilization rates are approximately 75% especially among exporting manufacturers.

Turkey ranks also among the top ten global producers of wool cloth, carpets, synthetic filament and fiber, polyester and polyamide filament. While Europe's 3rd largest polyester producer is a Turkish-US joint venture, Turkey's synthetics production mounts to 15% of Western Europe's capacity.

Economic Contribution

Textile and clothing industry has a great contribution to the Turkish economy. For example, textile and clothing industry accounts for:

. 10% in GNP
. 40 % in industrial production
. 30% manufacturing labor force
. 35% of exports earning

The textile and apparel sector contributes over 20 billion USD to the Gross National Product. The sector is mostly important for its export earnings; its share in the country's total exports has been between 33-39% since 1990.

The major export market for Turkish textile and apparel goods is the EU countries, which account for about 65% of total textile and apparel exports. Turkey ranks 2nd in apparel and textile imports to the EU having an 8.2% and 4.8% share in the EU's total textile and apparel imports respectively as of 2003.

Export scenario

Textile and apparel exports increased by 14.6% on average per year during 1980-2003. Especially until the second half of 1990s, the sector's exports increased at a rate above the increase in total exports of Turkey as well as the increase in global textile and apparel exports. In 2003, the sector's exports totaled US$ 15.1 billion, having a share of 32.6% of the total exports. Exports rose to 23% in 2003, terms of value to 2002. The increasing share of apparels in exports since 1986 signifies the efforts to produce more value added products.

After the EU, the USA is a big and impending market. Turkey is the 19th apparel supplier and ninth textile supplier of USA with a 1.9% and 2.9% share respectively. Beside the EU and the US market, new markets are North African countries namely, Tunisia, Egypt and Algeria; Middle East countries namely Syria, Israel and Saudi Arabia; Eastern European countries namely Romania, Bulgaria, Poland and Hungary; and CIS countries. The sector faces quotas only in the USA and Canada. The Russian Federation was also a big market for the Turkish textile and apparel sector till the financial crisis of August 1998. It was the 3rd biggest market for apparel and 9th for textile products in 1997. Russia is still a promising market for textile and apparel sectors with its high consumption potential that will come out in the following years especially after developments towards better integration to the world economy and WTO membership prospects.

Cotton market

Turkey is a very important cotton country, which is an advantage in raw materials, for the clothing industry. Turkey is a traditional cotton producer and uses this advantage in the textile and apparel sector. Turkey ranks 1st in Europe and 6th in the world cotton production with an average production of 800,000-900,000 tons per year. Moreover, with the completion of irrigation projects within Southeastern Anatolian Project (GAP), Turkey's most comprehensive development program, current cotton production is expected to double by the year 2005.

During 2003-04 season Turkey produced 893,000 tons of cotton. About 30% of the cotton production is high quality long staple cotton and the rest is of medium quality. The cotton industry provides a competitive edge to the textiles industry, which utilizes cotton as its essential raw material.

Cotton Market Trends Main destinations for cotton yarn exports are Italy, Portugal, Greece and Belgium and for cotton fabric the UK, Italy, USA and Belgium. Whilst Turkey used to be a net exporter of cotton, the trade balance reversed in 1992 and since then Turkey has been a net importer of cotton since domestic demand has persistently exceeded available stocks. Beside cotton, Turkey has a strong standing in synthetic fiber, wool and mohair productions. Turkey ranks ninth in synthetic fiber, eighth in wool and third in mohair production in the world.

Home Textile Industry

Foreign Investments in the Sector

Rinse and Repeat
Does exercising once or twice a month get you into shape? Not likely, nor does looking for a job every now and then. If you are out of work you need a job searching routine and here is how to do it.Consider finding a new job to be your current job.Your job is spending 8-10 hours a day doing activities that will lead to and get you the job of your dreams. Just like exercise in the beginning your muscles will complain but when you have done it for a while you will have the body of Zeus. Or more importantly a great job.Get into a routine.It seems easier for most people to be in a routine. Get yours going quickly, start with a good breakfast. This will fuel your brain and body for the work ahead. Start your searching and researching of your job contacts. Ask everyone you get within 5 feet of for a job lead. Have you heard the term 6 degrees of separation? It is about how anyone in the world is just six contacts away from you. The guy in the line beside you may know the perfect employer for you, ask and find out.Repeat the routine until successfulHow long is this going to take, my young daughter would ask. The answer is as long as it requires. That is how long you need to stay at your routine. It is a good idea to spend 2 hours near the end of the week reviewing what has happened during the week.

y and the export revenues of this hard currency earning sector contributed substantially to the overall economy. The textile sector continued to be one of the major contributors to the Turkish economy, being one of the fastest growing sectors in the 1990s with an average 12.2% annual growth, while the Turkish economy had an average growth of 5.2% per year. Total investment in the sector exceeded US$ 150 billion, of which more than US$ 50 billion was invested in the last 5-10 years.

Textile industry started out in the 1960s in small workshops, have rapidly developed and transformed Turkey into a global competitor.

The apparel sector exports approximately 60% of its production. Capacity utilization rates are approximately 75% especially among exporting manufacturers.

Economic Contribution

Textile and clothing industry has a great contribution to the Turkish economy. For example, textile and clothing industry accounts for:

. 10% in GNP
. 40 % in industrial production
. 30% manufacturing labor force
. 35% of exports earning

Export scenario

Cotton market

Home Textile Industry

Foreign Investments in the Sector

How To Get Free Magazine Subscriptions - For Business Owners
I enjoy reading stories and news articles about successful business owners, start-ups, and the trials and tribulations of entrepreneurs starting a business. There are certain business magazines that I read each month:1. Selling Power Magazine: great magazine for sales advice, selling tips, sales management, tips on generating sales leads, professional selling skills, and business motivation.2. Business 2.0: Best magazine for small business. Articles often include topics such as advertising & marketing for small business, business tools, hiring employees, business management, features on entrepreneurs, business innovation, and technology.3. Fortune: Normally has articles about successful big companies. Making the Fortune 500 list is the dream of many entrepreneurs across the nation.4. Fortune Small Business: The sister magazine of Fortune, reporting on small business issues.5. Revenue - The Performance Marketing Standard: Helping dot-coms earn revenue through affiliate marketing. It provides industry news, product reviews and case studies.6. Business Edge - provides Canadian business news and stats.Three of these magazines that I read every month are delivered to me for free. How did this happen? How did I get free magazine subscriptions? When I first launched my business I contacted tw

synthetic filament and fiber, polyester and polyamide filament. While Europe's 3rd largest polyester producer is a Turkish-US joint venture, Turkey's synthetics production mounts to 15% of Western Europe's capacity.

Economic Contribution

Textile and clothing industry has a great contribution to the Turkish economy. For example, textile and clothing industry accounts for:

. 10% in GNP
. 40 % in industrial production
. 30% manufacturing labor force
. 35% of exports earning

Export scenario

Cotton market

Home Textile Industry

Foreign Investments in the Sector

Signs of a Healthy Work Environment
There’s no denying that a healthy work environment is a top concern for most employees. Review any employee satisfaction survey and you’re apt to find this issue among the top five concerns of your staff – sometimes above the issue of pay.So how do you know if your organization provides a safe, healthy environment for employees? Well, there are some signs to look for.1. Employees laugh often.Generally, humor is a sign of comfort. Employees that feel comfortable with co-workers and have joy in their work will exhibit laughter throughout the day.2. Employees freely share their ideas.Does management truly have an open-door policy? Employees need a safe environment to share their ideas. Most employees have an opinion about how to make things better. Lack of unsolicited feedback from staff may indicate that they do not feel safe in presenting their opinions.3. Employee values and expectations are clear.Staff must know what is expected from them. Codes of conduct, expectations of behavior on the job, and professional values must be included in each job description, and reviewed at each performance evaluation.4. We work simply.Frivolous demands and activities can add stress to an already busy schedule. You’d be surprised how many non-essential duties staff are asked to pe

namely, Tunisia, Egypt and Algeria; Middle East countries namely Syria, Israel and Saudi Arabia; Eastern European countries namely Romania, Bulgaria, Poland and Hungary; and CIS countries. The sector faces quotas only in the USA and Canada. The Russian Federation was also a big market for the Turkish textile and apparel sector till the financial crisis of August 1998. It was the 3rd biggest market for apparel and 9th for textile products in 1997. Russia is still a promising market for textile and apparel sectors with its high consumption potential that will come out in the following years especially after developments towards better integration to the world economy and WTO membership prospects.

Cotton market

Home Textile Industry

Foreign Investments in the Sector

Are You Really Listening During Your Interview?
We all know that answering questions about yourself is the main purpose of a job interview but did you know that listening is just as important as talking? In order to properly answer the questions asked, you need to know what the interviewer is fishing for in an answer and the way to do that is to actively listen to what he or she is saying.When you practice active listening you can give complete answers that will impress the speaker. Say for example, you are on an interview and are asked if you have any problems multitasking. You might simply answer “no”. But avoiding one word answers is key to successful interviewing.Now if you were really listening to what the interviewer wanted you might answer by saying “Depending on my level of commitment to other projects I do like to work on more than one at a time. This can save the company money as well as make for an interesting day”.In a job interview, you need to set yourself apart from the crowd. That’s why you need to be specific in your answers - without rambling on and on. Another thing that will really set you apart is to talk in a language that company executives understand - money language. That means to try to tie in how hiring you will be good for the companies bottom line.In order to answer these types of interview questions, you need to de

Home Textile Industry

Foreign Investments in the Sector

Conclusion

The sector is aware of the trend in international markets towards increasing demand for healthier and more environmentally friendly products and tries to adapt itself to these developments by legal and technical regulations.

Nevertheless, it is hard to keep its competitive position in the world market full of emerging players. Thus, manufacturers have shifted their operations to value-added products and creation of brand names. Currently, 30% of Turkish manufacturers have their own designs and brands in international markets.

As current studies reveal, developed countries will have a decreasing share in global textile production while the developing countries will increase their manufacturing capacity to meet the increasing demands. It is also estimated that by 2005, the developing countries will increase their self-sufficiency in textile production. The US with an estimate of 200% increase in textile consumption is also estimated to have a 32% decrease in self-sufficiency by the year 2005.

Turkey, with its adaptability to European standards and regulations related to environment, health, quality, and safety is aiming to move into the production of more and more value added products, into an era in which the Turkish textile industry will be known for its quality trademarks and will be pricing a product for the Made in Turkey sign.

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Some positive ideas for dealing with change that seems to have been imposed on you without consultation

Looking around our surroundings we can essentially tell that advertising is everywhere. We can see them on streets, on walls, on radio and television. From this we can barely conclude that advertising is the easiest way of reaching out for customers and prospective clients. Mainly with the different innovations made in the printing technology, different advertising materials had been developed and among them are the sticker prints.

Are you taking advantage of all the benefits your company has to offer? Most employees are not really sure of the benefits they are entitled to or what their company offers, and many are missing out on free money they don't even know about.

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