Provide clear expectations

Even if you have previous experience running a business, you ll need to get your personal credit information in order. Maybe you stand for the right to education for every child around the world, or are very sensitive to gender equality. Somehow in her projections of steadily rising sales volume …

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How big do we want to be?

The lingo of the business world ' cash flow, profit and loss statements, accounts receivable, debt-to-equity ratio, and so on ' makes small-business ownership appear far more complicated than it really is. By doing this, companies hope to lower their overall cost structure or improve the quality or functionality of their product …

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Location commonly determines success or failure

Rather, these businesses must rely on other, often larger businesses nearby to generate sufficient traffic. There are groups formed by angels and other organizations, such as Funding Post (fundingpost.com), that arrange for special angel and venture-capitalist showcases in various parts of the country. Here's how. If a restaurant or …

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Help your customers? sales

A banker may not be interested in your rosy projections of future growth. If you can't persuade your business customers to pay upfront for your products or services then you at least need to try and get the flows of cash working in your favour and get payment in before …

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Can Sales help to grow your business?

You have to highlight your product s most compelling characteristics, such as low cost or uniquely high quality, that will make it stand out in the marketplace and attract buyers willing to pay your price. These resources are the best place to start building your team. Profit is the result …

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Insurance requirements for Strategy

Without clear targets, your people really don't know what 'do quality work' or 'be the best' really means. When having difficulty maintaining quality standards, achieving desired outcomes, meeting schedule and cost targets, or getting others to prioritize and perform well, see if you can t reduce the number of things …

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Administration procedures

You must have an attorney s advice on almost anything you plan to market. One of the reasons for differences among plans is that industries are different. So when they call, your sales department should be ready to help them solve their problems. Some of these resources may be adapted …

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The Lazy Man's Guide To Investors

Employees are too often hired based on what you hope they can do, regardless of their r??sum??s. Every company depends on a unique combination of these resources in order to operate, develop and create value. It s about serving an audience, a market, and responding to a need …

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Do your marketing while you?re busy

If you re starting a fine restaurant, for example, and your chef graduated at the top of her class from the Culinary Institute of America, play that front and center. Scarcity doesn t mean that you will be running out anytime soon. Why are online courses better than consulting? When …

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Do you feel confident in Production

Additionally, if you're among the increasing number of service providers who choose to work out of their homes, occupancy expenses are relatively low and tax advantages are a potential perk. Mezzanine financing, an even later stage, may be required for a major expansion of profitable and robust enterprises. As you …

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Increase market share

For instance, when taking on investors, whether they are family and friends, angel investors, or venture capital investors, there are securities law issues that may inhibit the way in which money may be accepted. For instance, you might think that horse-shoers are an endangered breed in the automobile era. Generally …

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A lazy person's guide to Governance

Each manager is dependent on other managers who assign the responsibilities, physical, financial and human resources in his company. You'll find that your employee burden rate can vary by 20 percent or more for each employee. Emphasize a cogent, succinct summary and explanation of the basic business concept, and do …

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Proposal checklist

There may be a big difference in what you have to give up, such as majority ownership or control, to get the funds. Exalt the importance of every item. Partners are like any other investor, and it would be a rare one who would come on board without some kind …

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Create a successful strategic business plan

For a few dollars you can get an equipment, and in a few days' practice you can acquire enough of the art for your purpose. If you re starting a fine restaurant, for example, and your chef graduated at the top of her class from the Culinary Institute of America …

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Unwrapping Production

Proactive operational systems control all business activities and deliver the desired and targeted results on time and on budget, in a super-efficient, super-fast, super-productive, and super-organized manner. You want to reveal any positives that your business may have and make sure they receive due consideration. Even then you ll probably …

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Promotional activities include

Small businesses are often squeamish about ringing people to ask them for money, especially if it is someone with whom they have a good working relationship. However, if you're starting a business that specifically uses your skills and expertise, the risk may not be nearly as great as you think …

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Pursue Growth and Learning

Can you imagine a football team winning games without calling plays before every down? Seek out the best real estate or business broker in the market who specializes in the kind of property or business you want to buy. Determining staffing needs is yet another necessary component of a strong …

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