Duplication is bad

Partners want to know your basic business concept, the market, and your strategy for attacking it; who else is on your team; what your financial performance, strengths, and needs are; and what s in it for them. Diluting the effectiveness of your plan. This combining, linking and connecting require interactions …

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The Biggest Lie In CRM

Compounding the problem for the organization is that the department no longer has its best researcher making discoveries on the bench. Consequently, a business that is profitable may be short of cash until payment is received. Many of the companies who started up in the mid-1990s boom years, particularly the …

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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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Customer service shortcuts - the easy way

This is extremely important, because you don t want to gain numerous unhappy customers who could become anti-ambassadors for your brand. Also, you must consider what incursions are likely to be made by out-of-town dealers, and what prospect there is of others setting up business in the place. This is …

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Background information on Marketing

However, should you want to the guidance of a software program, you ll want to find one that meets your computer capabilities, has tech support readily available, and is highly rated. You can try to get lucky by hiring and firing people until you get the ones you want. Therefore …

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High cost and high profitability

Not only will you wreck that particular sale, you will also seriously tarnish the reputation of your business if customers think you cannot be trusted to fulfil their order properly ' and they will also tell their friends. Conversely, it may be too far ahead of its time. Make it a …

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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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Each service must have a defined market

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 …

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Project Management in Finance

By replacing yourself with operational production systems, you'll have time to buy your own building, seek better customers, look for profitable accounts, find better people, and seek strategic business opportunities. It s a fact that everybody is judged by past performance. She realized that one of the most important pressure …

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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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A lazy person's guide to Accounting

You don t have to justify every penny and wind up feeling obligated to ask for a loan of $23,558.36 because that s the exact price of everything you need. How would you like to get your bank statement sent out differently every month, or to have your …

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Double your rate of failure

It is important to recognise that it is impossible to design an accounting system that captures the entire complexity of the business network and that such a system needs rather to be a simplified model of the situation faced by managers. It should point readers with questions requiring detailed responses …

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