People who get lost will leave

All that information flowing up to senior managers in the form of plans helps keep the brass informed. Are they holding on to the things that are truly to their benefit, and willing to let go of the things that are not? Inventors of mechanical appliances, authors of books, proprietors …

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5 tips to reinvent your Business and win

A mission statement describes the current central purpose and goal of an organization, to guide daily decision making and performance. The most formidable barrier to progress has always been the senseless opposition of those to whom it would be of the greatest benefit. or BUY FROM US, offer something that …

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Include marketing analysis and strategy

Your website, your packaging, and your marketing campaign should let people know what to expect when they purchase your products. Besides, risk is relative: Those who are employed by someone else are taking a risk, too ' a risk that their employer will continue to offer them the opportunity to remain …

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You shouldn?t build a business without a plan

Just as fine dining locales offer finer sensory experiences than coffee shops or fast-food eateries, your presentation will differ from a working plan. Are the needs of the parties truly at odds with each other? Install an employee development and training program to motivate, recognize, appreciate, and train accountable and …

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The value of an idea lies in the using of it

This will improve your bottom-line as daily activities become better coordinated and focused on what end results are expected by team captains or foremen. At the highest executive levels, officers and board members may be concerned with the philosophical direction of the company, the organization s mission, and the meanings …

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Analyze your professional attributes

If you fail, do not lay the blame upon circumstances, but upon yourself. You will be able to get a much higher selling price for your product in an upmarket boutique, for example, than you would selling it on a market stall. The actions of departments and their employees invariably …

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Cash versus accrual accounting

As a part of checking her plan against results, she noticed this unexpected increase in transactions and figured out what it meant. Straight-line depreciation allocates an equal share of cost to each year, while accelerated depreciation expenses a higher proportion of cost in the early years, when an asset may …

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Using billboards is a type of promotional activity

If your business model is based on the idea that you will order what you need from your suppliers after you have taken an order from a customer, then you need to make sure you have very strong supplier agreements in place ' ideally backed up by a relationship with one …

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Project management checklist

Be mindful also of the myriad associations attached to and conjured up by your choice, shrewdly opt for one that distinguishes your firm from the competition, and remember that the brand itself is of considerable importance, perhaps your most valuable, asset. The third theory says that wages are a result …

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How will you staff the business?

Differentiating your company from your competition is another business option. Another aspect of the business plan should include how relationships with customers and suppliers will be established and what the terms of the legal relationship will be with them. Will you have already cashed out and be relaxing on a …

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5 warning signs of your Business demise

Your extra investment of time will significantly improve your chances for funding.The process of writing your business plan helps you take a thorough, careful, and comprehensive look at the most important facets of your business, including the contexts in which it operates. By replacing yourself with operational production systems …

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How green are your sales?

Venture capitalists are not as likely to provide seed money as some other, less tough-minded financing sources, such as family investors. This is a good way to advertise when the article is a cheap affair which can be shown in the street. Many, many businesses never make it past the …

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Collect money

Functional obsolescence means a device can no longer perform its intended function or cannot perform it efficiently or safely, and should be replaced. It is related of a Yankee book-peddler that he sold three copies of the same book to a family in one day--to the husband in the store …

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The decision tree

Instead, he or she stumbles on the right opportunity. In actual practice, no. But one cost that didn t seem especially variable went up sharply as business volume climbed. The better an organisation becomes in understanding and selecting the appropriate roles and interfaces, the more likely it is to leverage …

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The Lazy Man's Guide To Investors

Having justification for what you put in your plan is essential for winning over someone reading it. By asking people to sign a non-disclosure agreement for a hardcopy or an electronic business plan, you are making it clear that you are trusting them and making them think harder about sharing …

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