Workers in Operations

They work best when a company's products and services are similar to those that were previously successful, when the upper tiers possess expertise or resources the lower tiers do not, and when the cost of mistakes by inexperienced staff would be prohibitive. Owning a business that works without your constant …

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Taking care of your Quality team

Basically, you are using a service instead of your own employee(s) to do a specific task. Retailers of auto parts, home improvement supplies, and all sorts of other goods have found that simply having knowledgeable salespeople who know how to replace the water pump in a 95 Chevy will …

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Is Research and Development your company's main focus?

It may be earmarked for producing working prototypes, doing market research, or otherwise testing the waters before committing to a full-scale endeavor. If you are starting a business without any money, it is obviously going to be a lot easier starting a service-based venture than a product-based one because a …

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Document why your idea will work

When you choose to serve a niche, you choose to address your product or service to a group of people who share some demographic and/or psychographic characteristics, as well as the same goals or motivation. An important question to ask is, How do I raise money and not violate …

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Waiting for customers to call you

. Expediting your plan. All these moves, and many more you could take, have a good chance of working if your careful comparison of plan projections with actual results warns you of impending danger. Many large dealers fail because they keep departments where the expenses are more than the profits.

A …

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Required approvals list

It is important, however, that the new product offer something the older one does not in order to prevent confusion or resentment among customers. Only after you know the exact amount of your company equity or capital investment can you determine the return on investment you want to shoot for …

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A lazy person's guide to Accounting

What aspect of performance product demonstrations, kinetic rather than static physical displays, even store pets can be the accidental reason customers visit your store and buy from you? According to the National Credit Union, there are more than 7,000 credit unions in the country with nearly 100 million members …

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How to teach sales

Know and track your numbers. An accountant might send out a monthly white paper report on ten ways to improve your business. Under the name of the 'iron law of wages,' this theory is still put forth by the socialists as the explanation--together with the institution of private property--of wages …

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Be Direct with your Customer Service

They work best when a company's products and services are similar to those that were previously successful, when the upper tiers possess expertise or resources the lower tiers do not, and when the cost of mistakes by inexperienced staff would be prohibitive. To build a profitable business, you must know …

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