PROMOTION IS ONE area where not having any money to spend can be a positive advantage. Finally, organisations will need to engage in monitoring the relationship costs and benefits. Steve Jobs knew long before we did ourselves that we were going to love his products and would be helpless to resist when we saw them in their sleek designs and lovely shiny colours. Create financial targets.

Use phone interviews for quick pre-qualification

A financial statement for one period is useful, but static. It is the number of persons or families that under the most favorable state of things can be your patrons. Get behind on the payment schedule, and you re likely to find a host of covenants buried in your loan documentation. Some of the resources and operations that a business requires will be owned or otherwise controlled by that business.

Send tips and guides to help them do things better

The combination of your story, values, mission, perspective, and what you stand for is unique. An investor who knows this fact but doesn t see any mention of it in your plan may suspect you ve lost your senses and who could blame her? Most business owners are so busy keeping their customer commitments, providing the right services and products, getting their jobs finished, and keeping employees working, they don't sweat the BIG $tuff. The Buck Stops Here!

You can?t research everything

The philosophy of business is concerned with broader meanings of business as a human endeavor, including whether business is fundamentally an economic or social phenomenon, the moral obligations of business to society, the degree to which government should regulate businesses, and the differences between business operations and meanings in capitalist and socialist societies. Give your people weekly opportunities to perform, to learn, and to train others. For example, a consumer who feels prosperous after making new purchases may end up making even more purchases and take on excessive debt. By establishing clear measurements and procedures for implementation, team members can get started on track and can be monitored on an ongoing basis as to their progress.

Establish your company?s legal entity

They want to make at least double the industry average. Your attorney, your accountant, and your insurance broker are all crucial members of your team. If intermediaries did not exist, manufacturers would have to assume their duties, greatly increasing their costs and operational complexity. Readers don t necessarily want to see an attorney on staff.

Finance on a budget

Many companies hold annual meetings at which they present an edited version of the business plan and discuss it with their employees. Start a training ladder to track your employees' progress. Regardless of how clear we are in verbal communications, misunderstandings occur. Only after you know the exact amount of your company equity or capital investment can you determine the return on investment you want to shoot for.