Make this a top priority. Rather than spending all of your marketing money taking out ads or sending out brochures and flyers that say HIRE US! With all the different pressures of building a profitable company, it's often tempting to do things out of sequence or by the seat of your pants. Your company is up and running and you have people employed to help you keep it going.

Creating a Culture of Excellence in Human Resource Management

Owning a business you have to work at and manage on a regular basis does create equity, but it doesn't qualify as a wealth-building asset. However, this is rarely the case, for one simple reason: You usually have to pay your own suppliers before your customers pay you. Forget the economy, folks. A what-if plan can help you spot the increased needs for space, equipment, personnel, and other variables so you can make good decisions.

Project Management in Distribution

If you go on to start several ventures during your career, you ll naturally write several business plans, and each one will be better than the last. However, if the new product is too different from existing products sold under the same name'for example, motorcycle manufacturer Harley Davidson's introduction of a wine cooler in the 1970s - confusion can result in the marketplace, and the overall brand image may be at least temporarily tarnished. Then start planning how to make the most of any extra cash you generate. Because free isn't really free, a giveaway must help a business sell its core item.

Here's what no-one tells you about Operations

Sense-making is an attempt to provide an understanding and it implies a continuous process of interpretation and learning through experimentation and trial and error, where acting is a tool for developing actionable knowledge. In fact, often it s more prudent to show that you are not spending money on full-timers that you don t need. Great people who don't follow company standards create problems and chaos. But don t be seduced.

Helping customers make more money

Most boards will have financial, marketing, and organizational experts. A great way to get known is to be active in your industry, associations, and community. Most plans probably receive no more than a glance from a given venture capitalist before being rejected; others get just a cursory inspection. In a world where word travels fast through social media, you want to provide top-notch customer service.

Reinvest 50 percent of all profits back into Operations - you won't regret it

In the Bon March?? in Paris, the employers determined that something must be done more than was done in other stores so that every visitor would remember the place with pleasure and come again. Are you too busy to take your best customers to lunch on a regular basis so you can create quality relationships with them? 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. Obviously you can offer some of your equity as an investment.