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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5 tips for Business success

But you should have an ideal trade toward which you steadily work. Therefore, it would be smarter and more effective to capitalize on something else: your uniqueness. In our experience, however, few people have the knowledge and intuition to be investors in other people's small businesses. Equity capital is obtained …

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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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Ask non-customers why they don?t buy from you

Also, because most retail businesses deal primarily with cash or near- cash equivalents (credit cards), funding requirements for accounts receivable are relatively low compared with some of the other business categories, which means, in turn, that the capital requirements for entry can be comparatively low, depending on how much inventory …

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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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You can?t research everything

The developer or managing partner should get a working or promotional interest in the project or business venture from 10 to 50 percent based on the complexity, risk, and potential. Effective leaders stand up and say: 'Here's where we're going, and here's how we'll make it happen.' Effective leaders have …

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Outline Customer relations policies

We think nothing of giving our debit or credit card details for everything from food delivery to clothes, to hotel rooms and holidays. There are some generally accepted conventions about what a full-blown business plan should include and how it should be presented. Leadership is your ability to get people …

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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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You shouldn?t build a business without a plan

Decide which customers need more attention and how you can get a bigger return on the marketing money you invest to maintain customer relationships and increase your net profit potential. Set yourself apart from your competition, find your niche market, create strong customer relationships, and seek value-added opportunities to offer …

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Human Resource Management on a shoestring

Various policy measures have been conceived and generously funded based on market models. But there are downsides to starting a business in booming economies, including the fact that unemployment is usually low (which means good employees are hard to find). Depending on your industry and the software you are using …

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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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