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Business Results - Four Critical Success Factors Scenario One 5 Strategies That Will Boost Your Business Productivity Today! - Part 2 Growing your own small business can be one of the most exciting journeys you could ever embark upon! Be Like Bill - Think! Twice a year, Bill Gates goes to a remote island hide-a-way for a week at a time. No, he's not going for a fishing vacation; instead of rods, reels, and lures he takes market analyses, position reports, engineering reports, and opportunity papers. In solitude he reads and thinks and reads some more, writing notes in the margins then composing questions, thoughts, and his own positions that will impact the future of Microsoft and the entire technology industry for years to come. Pressure Washing Entrepreneurs Can Help With Government NPDES Permits If you own a pressure washing business one of the smartest things you can do is get involved with the local and regional enforcement for storm water environmental laws. The reason being is they do not understand the washing process of the industry and you can assist them with pertinent information. Secondly you learn about opportunities in the market and third, you can prevent really bad legislation which could potentially put you and your business out of work. Home Improvement Construction Project Planning The first task before hiring a contractor for home remodeling is laying out the details on what exactly you want done. This will ultimately save you time and money, as you will be able to choose the perfect contractor for your construction job, and get the job done correctly the first time. Personally, I have always found that writing out every detail initially will help you think of the task more clearly in your mind. This will also aid in your description of the job to the contractor, and will allow for a better estimate of time and cost, which are coincidentally the two most important things to consumers. Vision Getting Dim? A recent conversation started with a typical question, "How's business?" The reply was equally typical and prefaced by a sigh, "You know (another sigh), same old / same old." College Students and Graduates to Run Company Outlets or Franchises Does your overall business strategy include the recruitment of college students to run your locations? Are you a franching company and looking for young, talented, hardworking and dedicated franchisees? There are some things to think about before you deploy such a strategy. There are both positives and negatives to focusing your recruitment efforts on college students, for instance best reason's to use college students include some of the following: Getting Started with Succession Planning: Part I GETTING STARTED WITH SUCCESSION PLANNING: PART I Fail to plan... or Plan to FAIL?? Running a business, whether it be an offline multi-billion dollar company or an online part time home business, they share many similar traits. Don?t Allow Yourself to Get Burned I am not a big fisherman, but I do enjoy it whenever the opportunity comes my way. I have some friends who are fanatics and occasionally I will go out with one of them. They have nice boats and it makes for an enjoyable day. How To Leverage Your Current Ideas And Products Into Multiple Revenue Streams Diversify - to make diverse, give variety, to balance, to divide securities in different industries, to produce variety, to engage in varied operations. 19 Questions to Supercharge Your Business Plan Whether you are seeking capital for your company or are optimizing your business strategy, the most important element - particularly for outside investors - may be your written business plan. You can tune-up and supercharge your plan using this 19-step checklist. When your written plan firmly answers yes to each of these 19 questions, your market/product strategy is in terrific shape plus you increase the odds of attracting investment capital. Advice To Manufacturers Creating A Business Plan If you are a manufacturer wanting to use your business plan to attract investors, then your plan must do two things. It must: Becoming Wise - Wild & Free - Writing A Successful Business Plan - Part 2 - Do It In Steps So you've decided to write your own business plan because you know the value that the experience will give you. With the books and software that are out there today you can probably sit down and complete the plan in a day or so, right? Plug in the numbers, add the notes, write the whole narrative (story), print it and get it out to the banks or investors. ERP Role in Selling Your Mid-size Business ? Microsoft Great Plains and CRM Example If you own the mid-size business and actively work in it as executive manager or lead, say marketing, ? you probably know exactly what needs to be done on the daily basis to keep it running. However, in many cases this business critical knowledge exists in your head only. This means that if you would like to sell your business ? it has little value without your participation. So, ahead of the selling time you should "formalize" the business ? to make it work within the systems and rules, independent of people. Let's consider the parts we will need. The Best Entity to Hold Real Estate Possibly THE most frequently asked question of me is "What is the best business entity to use for real-estate investments?" My recommendation to most people is that a limited liability company (an "LLC") is the best entity for this type of use. Here's why: During the election we heard about Ohio?s Economy Much of what we heard in the mass media about Ohio and the down and out economy was the fiction of spin-doctors of politics who wanted to oust the current sitting President. On further review and first hand observation and experience Cincinnati has people moving in and economic expansion. It is in a good spot with decent quality of life, plenty of jobs and an expanding set of suburbs. Just cross the river into KY and you get a glimpse of the reality. Business Process Methodologies I've either been involved with or held a process-related role since 1994. It started in the government with TQM (Total Quality Management). Then before I left the government, I worked with ERWin and some process standard model -- I've forgotten its official name. We had pages and pages of flows that were not easy to follow. Creating a Vision That Achieves Results How important is a vision statement to your company or division? Well, have you ever thought about embarking on a journey without knowing where you are going? The same can be said about running a company, without a vision statement you are going places but who knows if it is in the right direction or even if you want to go there. Sales Planning and Business Plans Writing a business plan can be tricky when all the books on the subject fail to keep updating their editions. One significant factor is the sales planning in business plans, yet few books show examples of how to explain online sales which will contribute to your over all stores sales in your retail outlet. Additionally many service companies take orders online and dispatch their units from there. Even Dominoes Pizza often takes credit cards over the phone, many companies now allow online ordering. |
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