Social Media - the Panacea of Communication and Interactivity

Social media is often described as the panacea of communication and interactivity among the members in the business world. The option by Facebook to classify our friends based on occupation and schools, as well as the various professional applications of LinkedIn, the online reviews on Glassdoor, and the growing use …

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Unwrapping Finance

Court examination. Becoming a success is directly proportional to what you give. The business is run by the systems'not the owner. Offer a prize to the one who will give the best reason for trading at Push & Pluck's, and then insert in the form of an advertisement in a leading …

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Is Operations your company's main focus?

Second-stage financing is used to expand the operations of an already up-and-running enterprise, often through financing receivables, adding production capacity, or boosting marketing. Not what you have to offer. That s especially true if, as part of examining your goals and objectives, you envision very rapid growth. If she wants …

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An Authoratitive Guide to Governance

In these cases the deferred participation plan is used. If you've ever participated in a bake sale, been paid for a musical performance, or operated a baby-sitting, painting, or lawn-mowing service, you've been involved in a small business. The same is true of the availability of funds. But you should …

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Documentation Checklist for Sourcing

Identify what you need to train your people to do and then make these your training topics at least once or twice every year. Likewise, you ll want to explain the key, appropriate positions of your team members. You can try to get lucky by hiring and firing people until …

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Managing Finance

You can have someone else pay your bills, send out the invoices, prepare financial reports, and do the accounting, but the owner MUST be responsible for the numbers every day, week, and month. Wealth-building assets create regular positive cash-flow, reduce debt, and are passive instead of needing constant attention and …

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Sales : the lifeblood of your business

In the early years of your start-up business, you'll almost surely experience a reduction in your take-home income just as you'll also experience the feeling of a lack of security. That will be the best decision you make today and tomorrow. Wealth-building assets create regular positive cash-flow, reduce debt, and …

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Be Direct with your Design

If, on the other hand, a look at your business plan reveals that your companies share the same kind of strategies and have similar objectives in type if not scope, it s an encouraging sign.The spread of the open-book management theory means a lot more employees are seeing their …

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Ease of doing business

For example, the plan for a one-person professional service business indicated that rising sales were not, in general, accompanied by rising costs. They determine the position of each company within the network and form a focus for the managerial activities of organising and developing a company. Written systems that are …

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Monitoring the Performance of Your Business

You have to highlight your product s most compelling characteristics, such as low cost or uniquely high quality, that will make it stand out in the marketplace and attract buyers willing to pay your price. Is your business moving toward giving you what you wanted when you started your entrepreneurial …

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Costs come in all varieties

Most boards will have financial, marketing, and organizational experts. You hire people because you can't do all the work yourself. Just as your car won't run without fuel, you can't sustain a roof over your head and provide food, clothing, and the rest of life's necessities if you can't pay …

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Cover just the major areas

Owners of buildings must have their elevators inspected regularly and, in some cities, post the safety inspection record in public. Adobe gives away its Reader software but charges for its Acrobat program that makes screen readable documents. Profit allows you to invest in people, systems, equipment, training, customer service, marketing …

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You may be truly innovative

. Decide what ten proactive operational systems are needed in each of your company's departments. Start a weekly award for the employee or production team player who saves the most money, does something excellent, has the best attitude, makes the best decision, or goes the extra mile for the customer. When …

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Competitive factors or competition

However, venture capitalists will back seedlings if the idea is strong enough and the prospects promising enough. An exchange medium'minerals, spices, cash, or something else'has typically been used to attach value to items being exchanged. Businesses that are recognized as the best in their markets continually take care of their …

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Customer Service on a shoestring

If you are starting out without much money, choose something which is relatively low-cost per unit ' first because buying stock will cost you less, and second because in a tough economic climate people are reluctant to shell out for high-ticket items, at least not without carefully thinking about it first …

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