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 …

more ...



You may update your plan annually

Your job is to explain what's expected and then provide feedback regarding their progress. Bankers prefer to lend to companies that are almost, but not quite, financially robust enough to pursue their objective without the loan. It s also why you ve spent time defining the profile (avatar) of this …

more ...

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 …

more ...


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 …

more ...


Include whatever services are offered

Limit text on visual props to a few titles, subtitles, phrases, and talking points five or six is usually the maximum. By studying your competition, you can devise your own competitive advantage by providing something (or several things) that it does not offer.Business plans could be considered cheap insurance …

more ...




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 …

more ...





Grow with the market

This cash-flow conundrum is the reason so many fast-growing companies have to seek bank financing or sell equity to finance their growth. Not unless it works by itself, goes up in value every year, and produces a positive cash-flow without much management. This minimum training program will keep people focused …

more ...


Know your product better than anyone,

If you can get people talking about your product in a positive way and telling others how fabulous it is, they will promote it far better than you, or, indeed, an expensive advert, could ever do. Is your company operating at full capacity, but missing a few parts and held …

more ...





Your Main Focus Should Be Operations

Certain colors evoke certain emotions and perceptions, and are associated with certain types of businesses and fields. It s also important to maintain your credibility because you will probably need additional funding as your company grows. That gives you a chance to differentiate yourself explicitly, pointing out that you ll …

more ...

Manufacturing is complex

The choice is yours! Business planning can take on a life of its own. The vast majority of small-business owners we know provide products or services quite similar to what's already in the marketplace and make reasonable but not extraordinary sums of money ' and, thanks largely to the independence that …

more ...






Managing Quality

Financial wealth creates passive income that grows in value over the long haul while it reduces debt. Then you ll want to emphasize such things as stock options and other aspects of compensation, as well as location, work environment, corporate culture, and opportunities for growth and advancement. Intrinsic motivation can …

more ...