A lazy person's guide to Operations

The cost structure is like the architect's plan of a building ' simple to tweak when the plans are just a drawing on a piece of paper and the building doesn't yet exist, a nightmare to change when the building is half built. The next step is to implement the process …

more ...







Insurance requirements for Distribution

A manager often lacks such specific knowledge but has generalized understandings of personnel, training, motivation techniques, evaluation, product distribution, compensation, and budgeting. You must have an attorney s advice on almost anything you plan to market. The SBA website provides a very comprehensive overview of all its loan programs and …

more ...



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 …

more ...


Company gross profit

When you know your costs, you will manage better and make more profit. Yet, measuring value is important for orienting managers behaviours, and it affects the solutions implemented in business relationships on which value creation and appropriation depend. Be quick to change. Here are a few of the ways in …

more ...





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 ...