What are you selling?

If you re starting a courier service and your partner has an anthropology degree from a little-known school, mention it but don t make a big deal out of it. A board governs at a strategic rather than day-to-day level. The definition of an entrepreneur is one who 'assumes the …

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5 life-saving tips about Business

Experience has taught them that entrepreneurs who have their own assets at risk are more likely to stick to a business than those who have none of their own assets at risk. Learn how to make your money work for you. For this reason, you want your accountant, financial advisor …

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5 amazing Business hacks

Take a look at other products with an eye to seeing if they are also more vulnerable than you think. A small software company whose mission statement included the goal of putting Microsoft out of business would be looked upon as foolishly naive. In some cases, however, the object of …

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Maximize operational efficiency

Most hourly employees think only a few hours ahead. Do not watch the clock; do not filch a few moments at the beginning or end of the day's work, and do not ask leave of absence except when absolutely necessary. Some of the resources and operations that a business requires …

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Inventory control system

Extrinsic motivation derives from anticipation of external reaction, including praise, recognition, money (positive motivators), or punishment (negative motivator). Hence, a negative consequence is that, while aiming to reduce uncertainty, business deals can introduce rigidity due to their time-boundedness and the inherent limitations of contracts in capturing the complex and emergent …

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What is the star that leads to your company?s success?

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. Start a weekly award for the employee or production team player who saves the most money, does …

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Delay major decisions on Quality for one year

In establishing your company s legal entity, consider the advantages and disadvantages of each type sole proprietorship, partnership, C corporation, S corporation, and limited liability company (LLC). Interaction in business relationships is both a means of producing novel solutions and a way to integrate new solutions into the existing texture …

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Meet their commitments

The man who can sell the most goods is the one who knows the weaknesses of human nature, and how to avail himself of them. This is easily achieved with an organized and systemized operation led by a professional management team and well-trained employees. A niche market is more specific …

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Expanding Your Team

(That s doubly true if, as is the case with many entrepreneurs, both descriptions apply to you.) Collateral is just something the banker can seize and sell to get back some or all of the money you ve borrowed in the event that everything goes wrong and you can t …

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Spend less than you make

To build an excellent company, create, draft, and implement operational systems to minimize problems and maximize profits! Some customers want to know who they are doing business with. Stick to facts. Therefore, if you squander the money your investors have provided, you can be pretty sure you won t get …

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Sales are crucial to your Business.

That something is likely to be either your family or your business ' or perhaps both. Entrepreneurs know that cash-flow, working capital, profit, and equity are collectively the lifeblood of their future. Finally, the adequate combination of roles and interfaces depends on the priorities and capabilities of the various suppliers. When …

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Workers in Sourcing

And the best way to ensure that a year from now you ll be looking back on your performance with satisfaction and pride is to plan now and often. Within the low cost and high profitability models, there is one big winner: online courses. Rank each customer target by total …

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