Monitor work schedule

That s especially true if, as part of examining your goals and objectives, you envision very rapid growth. Each of these appears to require particular skills and capabilities. This reliance on good people instead of good company procedures and systems caused lots of field problems, unpredictable quality, late projects, unhappy …

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The profits mystery

Let everyone on the team vote for the winner some weeks, and on alternating weeks let your managers choose the recipient. They insist that profits are really the earnings of labor which have been withheld from the laborer by the superior skill and economic strength of the capitalist manager; they …

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Have recruiting business cards made

And they particularly don't want to feel that their hard-earned cash is going on unnecessary glitz. Have every lineal foot of your counters calculated at a certain rate of profit. You can also provide plan readers with information and even apps to look at what it is you are proposing …

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Showing customers your products

There are all kinds of reasons why a venture capitalist, banker, or other investor may refuse to fund your company. Emphasize a cogent, succinct summary and explanation of the basic business concept, and do not stint on the details about the impressive backgrounds of your management team. Entrepreneurs know that …

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Project Management in Production

In a struggling economy, more highly skilled employees will be seeking work, but you may not be in a position to risk high salaries. The SBA website provides a very comprehensive overview of all its loan programs and provides answers to many typical questions. Either they are the cheapest, the …

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Taking care of your Finance team

Just raising questions can sometimes lead to a solution, or at least ensure that if conditions change you won t be forced to make decisions hastily. It s likely as well that with better planning skills will come improved business skills, boosting the odds that each successive company you start …

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A poor approach to Marketing

Therefore, try to send your plan to people you believe are trustworthy. Environmentally sensitive business practices have traditionally been engaged more for ecological concern than economic benefit. You can have the same kind of people on an advisory board but you don t report to them nor do they have …

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Create a target customer list

Most companies don't cover their overhead costs until October or November and don't make a profit until December. This share of the social income was the last to be recognized by economists, and its rightfulness is even yet denied by the socialists. So make sure that any plan presented to …

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There are no secrets to success

Get their names and go meet them. What do you want to track? For instance, when taking on investors, whether they are family and friends, angel investors, or venture capital investors, there are securities law issues that may inhibit the way in which money may be accepted. People buy products …

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Use online surveys

Install financial controls to ensure accuracy and accountability. (When I took a hard look at our overhead costs a few years ago, I found that people were abusing the company accounts and ordering more things than we needed.) Consider outsourcing as much as you can to cut your overhead, including …

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