Blackberry Awaiting to Get Best Deal

“Blackberry” One of the world’s leading brands has decided/disclosed to sell its name to top suitor. With the advent of Android, Smartphone and iPhone, Blackberry has lost its strong existence and market in mobile phone industry. Presently, Blackberry is struggling in market and it seems soon it will move out of sight just like NOKIA brand. Although Nokia has its existence in mobile phone industry but it doesn’t has same charm and craze amongst the users as earlier. The brand is struggling due to several reasons but the major cause is its latest loss of almost $ 1 billion, which occurred due to low purchase of Blackberry 10 device. As a result, the brand is looking to sell its name to a top suitor.

 According to the reliable source, it has come out that Toronto based, Fairfax Financial, a holdings company has been at forefront to buy BlackBerry. The company has offered $4.7 billion to get Blackberry as their authority. On the other hand a rumor has come up saying “Lenovo is another company that is showing interest in BlackBerry”. Since Lenovo is a China-based company, the US government could fear potential spying therefore chances are there that Canadian government would shoot down the deal, said sources.

With all these fiddle conversations, Blackberry yet not has decided to whom it will sell its name but it has assumed that by November 2013 it will be disclosed that who will be leading the brand later on.

Why Businesses Need A Effective Budget Planning?

 Business is an economic system where the goods and services are exchanged in order to obtain money. Every business need some form of investment and target customers on a consistent basis in order to do sale and make profit out of it. But, for a successful business the entrepreneur need appropriate budget.   

A budget is prepared to make documentation of the translation of plans into money. These planned strategies comprise with various expenditure that a company incurs. A budget helps businessmen to make an estimation of the total money needed to fulfill the goals and objective of business. 

Some of the basic reasons why a business need budget are as follows: 

• A budget offers insight in your business and so that you can judge whether your business is financially on the right path or not. 
• It creates the mechanism of performance measurement by which you are able to understand how your business is growing and doing compared to what you had planned.
•   A good budget reflects the seriousness of your business which attracts potential investors to do business with you and easily get fund from bank.  
•  It is a management tool to run business efficiently. 
• You are capable to make adjustments early once you realize that your business is not doing well. 
• It serves as a planning tool for future growth.

Being a businessman if you yet not have any business budget then you must make sure to bear or all failures-hard times or you can do is to prepare it as soon as possible as “it’s never too late”.