How much training do your provide? Make sure that your accidental opportunity is in a niche that you like. No, you won t have to be stuck in a cubicle all day long, eat lunch at the office cafeteria, spend hours in traffic during rush hour, hit the gym at the same time as everyone else and wait in line for the next available treadmill. Operating ratios measure efficiencies in day-to-day activities, e.g., the ratio of the cost of goods sold to sales, or net profit to gross profit.

Creating a Culture of Excellence in Finance

They act and think like leaders. You must plan accordingly so that you can stick with your plans and give them adequate time to work. But you must protect your enterprise. Repeating contract language in an effort to impart greater emphasis is dangerous, as differences in context can lead to confusion in meaning and an unfavorable interpretation in a court of law.

Project schedule updates

The man of ideas counts in the trend of affairs as he has never counted before. A lot of fledgling start-ups were able to get off the ground this way without any funding simply by adopting this method and trading on credit for a while. There is no better way to advertise. In smaller companies, bring in a college marketing student to help you for a few days every month.

Customer service standards

If, in addition to these powerful inducements to patronage, you combine shrewdness in buying and cautiousness in trusting, if your goods are excellent in quality and generous in quantity, if your place of business is neat and attractive, and your service marked by promptness and politeness; then it is impossible to fail; you have all the elements of prosperity, and are certain to be a great and successful merchant. I am in business to make a HUGE profit and grow my wealth. If you ve spent ten years in management in the retail men s apparel business before opening a tuxedo outlet, an investor can feel confident that you know what you re doing. Install accurate pricing systems.

Tap information sources to provide the answers to as many questions as you can

You may need to add a new, higher-margin product, get rid of an old one, or begin stressing marketing to a more profitable clientele. Intelligent, experienced financiers will see them anyway. Along with standard business loans, you ll find disaster loans, microloan programs, and real estate and equipment loans. Most say they want the lowest price, the best quality, and the best service (free, perfect, and now!).

Here's what no-one tells you about Marketing

In an effort to get a plan written quickly to show a potential investor, you may find yourself cutting corners or leaving out vital information. Unsecured bonds, or debentures, are not backed by collateral. When employees get the key information managers are using to make decisions, they understand management better and make better decisions themselves, and efficiency and profitability often increase as a result. Ask team leaders to think for themselves and call their own plays.