Managing Finance

Ongoing organizational systems will keep your employees headed toward the desired end result. But it doesn't have to be that way, and the advent of direct debit and the ability to take payment online and over the phone has made it much easier for small firms to take payment immediately …

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A poor approach to Design

All business owners should know how much it costs to keep their company running. Even if you aren t in an industry likely to purchase buildings or patent valuable technology, the business derives value from the fact that it can generate profits into the future. A financial statement for one …

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Project Management in Research and Development

In a deflationary environment, businesses and business customers may delay making ordinary investments and purchases in anticipation of better prices tomorrow and the next day. Further, because negotiations invariably require the editing of contract language, a redundantly drafted contract will require changes in multiple locations leading to the possibility that …

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Monitor work schedule

That s especially true if, as part of examining your goals and objectives, you envision very rapid growth. Each of these appears to require particular skills and capabilities. This reliance on good people instead of good company procedures and systems caused lots of field problems, unpredictable quality, late projects, unhappy …

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The profits mystery

Let everyone on the team vote for the winner some weeks, and on alternating weeks let your managers choose the recipient. They insist that profits are really the earnings of labor which have been withheld from the laborer by the superior skill and economic strength of the capitalist manager; they …

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Double your rate of failure

Wealth is a great quantity or store of money, possessions, property, or other riches. It is efficient but can be overreliant on old ways when a new approach is needed. If a restaurant or hotel operated like most businesses do, it wouldn't stay in business more than a few weeks …

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Get customers to call

Bonds and bank loans are two sources of debt capital. Exalt the importance of every item. Ask them what they hope for in their future, what interests them about their job, how you can help them reach their goals, and take an interest in their family and personal life. If …

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5 tips for Business

They ll want, above all, to make sure you can pay your bills, so be sure to include adequate cash flow forecasts and other financial reports. However, material costs have human costs embedded in them. Consumers buy products at retail because they want or need them. The average Fortune 500 …

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Taking care of your Advertising team

Placing ads in newspapers or magazines is expensive for businesses serving their local markets. If you d begun a car dealership specializing in yacht-sized gas guzzlers right before the Arab oil embargo in the 1970s, you would probably have been out of business in less time than one had to …

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Estimate sales volume

How would you like to get your bank statement sent out differently every month, or to have your favorite restaurant make your favorite meal too spicy, too bland, or too salty, depending who cooked it that night? Accepting the universality of departments is essential to setting up and growing a …

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