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 …

more ...


Provide clear expectations for Purchasing

The marketing options are many and expensive, including door hangers, newspaper coupons, mailings, advertising, website placement programs, and billboards. As an entrepreneur seeking a bank loan, or any type of funding for that matter, you ll want to make sure you have everything in place, including all of your financial …

more ...




Background information on Governance

Most business owners are so busy keeping their customer commitments, providing the right services and products, getting their jobs finished, and keeping employees working, they don't sweat the BIG $tuff. Because your business is valuable, spell out who owns what. One way to minimize the risk of starting a full-time …

more ...



Documentation Checklist for Production

And always go for it! Additionally, it is helpful to compare an organization's financial reports with those from other organizations in the same industry. The glut of tens of thousands of new products introduced annually, combined with the existing plethora of more than 30,000 products stocked by a typical …

more ...

Learn How To Start Finance

Most entrepreneurs start their companies without a clear vision of what they want or a written business plan specifying their targets and goals, a management team, enough capital, leadership skills, or knowledge of how to run a profitable business. To our way of thinking, we'd rather control that risk ourselves …

more ...

Make a profit every month

This creates inaccurate pricing, bids, and estimates for one of the biggest parts of your business: your people. In fact, if you can show you re probably going to be growing a lot, you may be in a better position to negotiate terms with your suppliers. You should try to …

more ...

5 reasons to love the new Business

One of its most valuable offerings is a set of financial assistance programs that aim to help you raise the money you need to get started and keep going. Even if you have previous experience running a business, you ll need to get your personal credit information in order. Take …

more ...




Communication Standards for Accounting

For example, a consumer who feels prosperous after making new purchases may end up making even more purchases and take on excessive debt. Each manager is dependent on those who work for and with him in other parts of his company, for example, a purchasing manager depends on a manufacturing …

more ...






A Simple Guide to Purchasing

Use quality photos, professional graphics, and good links to other sites. Whether you choose to mail a postcard to every customer in your zip code or take out an ad in your industry trade magazine, be sure to track the results and calls you get from each marketing activity. At …

more ...



Documentation Checklist for Accounting

And do everything possible to hit your numbers. But for 95 percent of all companies, not being proactive toward serving customers has become standard operating procedure. A problem I often see as a speaker is that the agenda of the company I'm visiting includes training sessions led by the business …

more ...

Finance: The Samurai Way

An expenditure of $25 should give you a show window and some nice shelves. Most owners mistakenly focus on cutting costs instead of increasing revenue when things go bad. Voices that might otherwise be unheard are allowed into the decision making process, but it can be inefficient, cacophonous, and confusing …

more ...

A sense of 'act now' works in your marketing plans

The marketing options are many and expensive, including door hangers, newspaper coupons, mailings, advertising, website placement programs, and billboards. A business that works is controlled, systemized, and organized. Have you ever hired a manager, salesperson, or employee too quickly, without proper screening or reference checks, because you were too busy …

more ...

A Simple Guide to Strategy

Spouses can grow resentful of all the time and money their workaholic partners put into the fledgling business. Many service businesses revolve primarily around using your time, motivation, knowledge, ingenuity, communication skills, and other factors that do not necessitate much outlay of funds. Maybe a favorite retail store suddenly comes …

more ...








Cannibalize your own sales

We have argued that the task of management in the interactive context hinges on making sense of a complex and ambiguous context, constructing narratives, interacting, developing and assembling complex solutions with external counterparts. An exchange medium'minerals, spices, cash, or something else'has typically been used to attach value to items being …

more ...