Insurance requirements for Operations

When I wanted to fix my business I tried everything, including reading trade magazines, attending seminars, getting active in industry associations, hiring coaches and consultants, listening to tapes, and reading books. People will pay more for good customer service. In many ways, writing a business plan is an end in …

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Make sure it?s profitable

If you are starting a venture without any money, you will have to do most of the work yourself ' and you will have to plough everything you earn straight back into the business. Put the highest priority items at the top. Not unless it works by itself, goes up in …

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Create a great place to work

A ledger shows the numerous accounts and sub-accounts in which the business records receipts and expenditures - Sales, Salaries, Utilities, Rent, and so on. They also don't offer anything much different than their competitors, so they continue to sell at low prices to stay open for business or keep busy. The …

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Meet their commitments in Design

Cannibalization is the diminishment of the sales of one's own product through the introduction of a competing product. Your mission statement should be inspirational. Rather than focusing on day-to-day activities, leaders set the vision, set the goals, track targets, and then inspire and motivate their people to follow. So what …

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Be Direct with your Marketing

There are important tasks that must be done promptly, unimportant tasks that must be done promptly, important tasks with no particular rush, and unimportant tasks with no particular rush; and sometimes there are things that seem crucial but may not need doing at all. This is stupid! Thus, if you …

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What are your fixed and variable costs?

If you can find or create an entrepreneurial enterprise inside (or alongside) a larger company, in addition to receiving significant managerial and operational responsibility, in many cases you can negotiate sharing in the financial success that you help to create. Do you tell your people what to do and then …

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Find paying customers

In my survey, I discovered that less than 30 percent of small business owners actually know their annual overhead budget. Communities, as well as people, are subject to fads, and your idea may be yesterday s fad. Young children can pick up on the stress and feel the hurt of …

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Taking care of your Operations team

Marketing and 'ales takes time, energy, and money! Step out largely and conspicuously. When you tell your kids to clean up their room, they decide if they'll do it based on the needs, consequences, accountabilities, and responsibilities that affect their decisions. If you decide to start your own business, you'll …

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Workers in Advertising

The goal and purpose of all economic activities is the satisfaction of human wants. At your regular company, team, or project meetings, pick out several people to recognize for a job well done. To develop trusted relationships, your marketing program must include time with targeted customers in relationship-building sessions. Expect …

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