Data beats emotions

For these readers, you ll want to give extra attention to balance sheets and cash-flow statements. Sometimes the cash-flow gap is very large. Also, the construction of additional hotel rooms may be called for, causing mortgage payments to increase to a new fixed level. If your marketing program has done …

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Always look for the fool in the deal

Have them create mailing pieces, get them printed, stuffed into envelopes, and mailed. The Law of Supply and Demand usually functions as a negative feedback loop: When the supply of a product, material, or service increases, its price tends to fall, which may lead to rising demand, which will drive …

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What is our sales strategy?

Start a training ladder to track your employees' progress. A recent business plan for a chain of coffee shops, for example, included photos of the proposed location, mock-ups of menus, and maps of the competition s locations. Financial ratios reveal a company's performance over time (longitudinal analysis) or in comparison …

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Remember less is more

You need accurate reports of what each part of your company's production costs are. Freedom to say no to bad customers, jobs, employees, or contracts. Subcontractors also tend to round up small extras. What expertise, skills, or talent do you have that can add value to a venture?

Workers in …

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Company gross profit

In other words, what the company is worth if the company is closed, all the equipment and fixtures are sold, all the bills and debts are paid, and every amount it is due is collected. When your direct costs increase you're in trouble, because your only choice is more sales …

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Functional silos can be dysfunctional

If you d begun a car dealership specializing in yacht-sized gas guzzlers right before the Arab oil embargo in the 1970s, you would probably have been out of business in less time than one had to sit on the resulting lines at gas stations, through no fault of your own …

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Workers in Operations

You can draw a crowd wherever there are people. Draw clear conclusions, and vote on discussion items when appropriate. Advertisers are not going to spend money advertising on sites few people visit, and, for the first few years at least, not enough people will be visiting yours. If you can …

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5 tips with Business

Install action plans to price, track, and achieve your overhead and profit goals. Other considerations include incentive plans and employee benefits, such as health insurance, retirement plans, and stock options. When there's no motivation to do a good job, more pay is the only thing that people can get to …

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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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5 tips for Business success

A relatively immature function may be more effective in solely aiming for the rationalisation role, as it just does not have resources to effectively manage the other roles and interfaces. Let the participants know ahead of time your expectations of them so they will be prepared. Happiness at work comes …

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All humans are entrepreneurs

Inflation is a 'normal' economic state: The value of money gradually decreases, leading to slowly rising prices and salaries. 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 paper a …

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Do you set high expectations or tolerate mediocrity?

All managerial functions in a company, for example, top management, selling, buying, manufacturing, accounting, R & D, financial, personnel are involved, but those directly involved in interaction with external counterparts such as selling and buying are of special interest. It includes sales, marketing, estimating, pricing, merchandising, presenting proposals, customer appreciation, schmoozing …

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