Management performs several different types of activities, such as planning, assessing risk, estimating resources, organizing work, assigning tasks, directing activities, monitoring, tracking, reporting progress, and analyzing results. Plus, as your employees become older and their family situations change, their health insurance rates also change. But most Fortune 500 companies have training systems to ensure they maximize their return on employees. A contingency plan is a plan based on the worst-case scenario that you can imagine your business surviving loss of market share, heavy price competition, defection of a key member of your management team.

Here's what no-one tells you about Quality

But you should have an ideal trade toward which you steadily work. More than a few small-business owners and entrepreneurial cheerleaders would have you believe that every employee would be happy and financially better off running his own small business. Marketing is not a one-time event, lunch, meeting, advertisement, or brochure. Opinionated or neutral?

Market, sell, serve, seek opportunities and strategic alliances

They don't think you care about them. But a good place to begin analyzing the span of control for most organizations is in the range of six to eight. Your planning may be approaching the paralysis stage if you find yourself soothing your nerves about starting a business by delaying the startup date so you can plan more. When you re asking yourself whether the numbers add up, keep the needs of your business and your business partners in mind.

Let recruits visit your factory, job sites, or other locations

It includes sales, marketing, estimating, pricing, merchandising, presenting proposals, customer appreciation, schmoozing, networking, and anything else you do to build loyal customer relationships. That said, be careful. The secret to expanding your business, of course, is not just to find products or services which you can add on for little or no cost; it is to find products which customers will actually want to buy. The same might go for a software startup that comes out with a new program just before Microsoft unveils a top-secret, long-term development effort to create something that does the same job for a lot less money.

Provide clear expectations for Finance

Better to keep it to a couple dozen pages and stick to the truly important material. Business interaction involves consideration of short- and long-term costs and benefits for all those involved in it. You take on the projects that appeal to you most, and feel proud as you watch them grow and add value to the market. Google offers a free, stripped-down version of its SketchUp drawing program, which builds the skills and demand for its higher-powered for-sale version.

You're not alone, even if you have a one-person, homebased business

Some preferred stocks carry with them the right to be converted into common stock. Do you personally order and schedule all employees and material deliveries because you don't have a system in place to allow your supervisor or office manager to do it for you? You ll use proper, respectful, and easy-to-understand language to make sure your audience clearly gets your message. Then they're put into jobs without proper indoctrination and with little training, and they're left alone to learn on the job without feedback or coaching.