Nobody wants old news or information.

Nobody wants to wait for anything anymore. Seed money is usually a relatively small amount of cash, up to $250,000 or so, that is used to prove a business concept has merit. All businesses have similar concerns and responsibilities, including marketing, research, development, purchasing, production, management, accounting, human resources …

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Anything less is too speculative

Now is a good time to free-associate a little bit let your mind roam, exploring every avenue that you would like your business to go down. Remember that brevity is not brusqueness. Ask them what they hope for in their future, what interests them about their job, how you can …

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Customer service standards

After your spouse has filed for divorce or your kids have become strangers to you, the damage too often is done. A large enterprise would simply hire a few more modestly paid customer service reps, credit department staff members, or bookkeepers to handle the added orders, invoices, and the like …

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Most entrepreneurs are highly expert

Effective leaders spend only 25 percent of their time doing work and the other 75 percent leading people, working with customers, seeking better business opportunities, and looking for innovative solutions. When the economy is going well, however, you will have to up the ante to bring on key employees because …

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Every product has a life cycle

If you are just going to use your plan for internal purposes to manage an ongoing business, a much more abbreviated version may suffice. Consequently, a business that is profitable may be short of cash until payment is received. That s true no matter what you intend to use your …

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Why your company?

Of course, you don t have to use specific business plan software to write your plan. Employers are keeping the sharpest kind of a watch for the right man. It should point readers with questions requiring detailed responses to the full-length sections of your plan where they can get answers …

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A lazy person's guide to Strategy

They are usually short term and are easily measurable. Research on skills and capabilities to cope in an interactive context has been rather limited and a systematic framework is yet to be developed. Now you can develop a marketing program and determine how you'll attack your target customer list. They …

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Staying in touch with customers

It will help you decide which projects to take on, which collaborators to work with, and which future employees to hire, because all these decisions should be made in alignment with your core values. Means and incentives of economic policy are guided by assumptions about how the business world behaves …

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Get customers off price

You could argue that it doesn t, especially because many include personal components such as to love every minute of my work and always feel I m doing my best. But many investors deeply respect visionary entrepreneurs. Some consumers will choose you over other options on the market because of …

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Ongoing safety program

But until they step up to leadership, they won't realize the full potential of their people or company. Prior work experience in a related field is something many investors look for. Consider which companies are potential acquirers. Have your short elevator pitch (discussed at the end of the book) ready …

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Learn How To Start Finance

It s definite, comprehensive, and clear. Venture capital isn t for everybody, but it provides a very important financing option for some young firms. Be exceedingly polite. You ll learn to speak your customers language, and you will be able to communicate with them more effectively.

Why Spend More Money …

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Use prices to test a new market

You may have sold a lot of products in a week, but unless you have actually received the money for them it is not going to hold much sway with the man on the doorstep who needs to be paid for the raw materials or equipment he is delivering, and …

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Reinforce your relationships

Without small businesses, there would be no big businesses. Although this is a diverse group, it is a finite one. You can, however, use your research, sales forecasts, market trends, and competitive analysis to make well thought-out predictions of how you see your business developing if you are able to …

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Background information on Quality

For example, a 100% chance of receiving $1,000 would be for many a superior option to a 1% chance of $100,000 payoff, even though mathematically equal. Is your company operating at full capacity, but missing a few parts and held together with duct tape? There are two types …

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Fixed overhead expenses for Customer Service

Cannibalization is the diminishment of the sales of one's own product through the introduction of a competing product. First-stage financing is usually used to set up full-scale production and market development. In fact, good branding is located at the intersection of these two perspectives, and brand management works to keep …

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