Answer the five Ws

Capital has become absolutely indispensable in modern production and is yearly playing a more important role. This network-like structure stretches across and between companies. Therefore, actors would benefit from striking flexible deals, which are renegotiable when situations of clearly unbalanced distribution of costs and revenues among the involved actors appear …

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Start with the primary ones

If you can find or create an entrepreneurial enterprise inside (or alongside) a larger company, in addition to receiving significant managerial and operational responsibility, in many cases you can negotiate sharing in the financial success that you help to create. You are investing lots of cash aimed at lots of …

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Do you walk your talk?

This will help you to have a better idea of where to position your brand. They are trying to be the best at everything, which doesn't work. Once upon a time suppliers were often happy to extend credit to new businesses; in other words supply them with the product they …

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A Simple Guide to Marketing

Many of the common unique selling strengths are seemingly contradictory. Expediting your plan. The more profit you make, the more cash you have to spend on your future, and the faster you can grow and build your company. If you've ever participated in a bake sale, been paid for a …

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Increase market share

Direct target marketing is less expensive and can be more effective because is only aims at your target customer list. For the rest of your target customer list, constant reminding is required to grow your business. The #1 reason customers stop using companies, frequenting businesses, or buying services is because …

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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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How green is your entrepreneurship?

You need not be a Democrat or an Episcopalian because your employer is, but if you are wise you will avoid discussing with him questions of politics or religion. Profit is the return for the risk you take in business. It s probably a better idea to ask for a …

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Updating Your Plan

However, this is rarely the case, for one simple reason: You usually have to pay your own suppliers before your customers pay you. Even if you are successful in finding an investor, odds are good that you won t get quite what you asked for. Your mission statement should be …

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