Keeping Your Business On The Right Track
A business plan is a roadmap that sets out your route for the development of your business. It doesn’t tell you just about the current state of the business, its strengths and its weaknesses, it will also show up the opportunities and what needs to be done to stay ahead of the competition. You might […]
Retirement – What’s Cash Flow Got To Do With It?
Retirement – you may already have a date in mind, a particular birthday or after a certain number of years in the CEO’s position, but will the money be there to support your retirement needs when the date rolls around? Many people get to their hoped for retirement date only to find their finances are […]
Resolving Employee Conflicts
As a business owner you expect and hope that the great employees that you have taken such trouble to hire will all get along. Even in the best companies, issues between employees still arise. Intervening in employee disputes is a risky action and, often as not, ends up with the business owner or manager alienating […]
How to Look Good to Lenders
Businesses borrow money for a number of reasons. Additional capital may be needed to increase production capacity or to open a new office location. It might be necessary to borrow to expand into a new market or to upgrade the business IT facilities. Whatever the reason, borrowing money involves the need to favorably impress the […]
Surveys Show What Your Customers Dislike
Surveys of customers can be very revealing, even indicating danger areas for your organization. This article summarizes findings from some recent surveys that show just what customers dislike the most about their interactions with businesses. When they’re on the premises There’s one thing that customers dislike more than anything else – employees who are busily […]
Become An Expert In Your Own Industry
Whether you sell to businesses or consumers you can increase your level of success by becoming an industry expert – someone who’s well known and acknowledged as an authority on matters concerning your industry. It takes work to achieve this kind of commercial stardom but once you’re at the top it’s almost self perpetuating. Get […]
Loyalty Is Created, Not Bought
Loyal customers have to be created. This can take some time and effort but the ROI can be immense. “Not only do loyal customers provide incredibly valuable referrals, they also generate word of mouth that simply can’t be bought through advertising,” says Roger Hallowell, assistant professor at Harvard Business School. When a customer buys from […]
Review The Positions In Your Business
The positions in most small to medium businesses have evolved into their present form rather than having been created with specific objectives and duties. This means that the roles of team members often overlap or don’t incorporate everything the person could be doing. A thorough review of each position will clarify these vital details and […]
Profit From A Niche Market
Operating in a niche can be very cost effective as well as enabling your business to become a leading player in its field. A niche market lets you target your sales messages with greater precision; the more specifically you define your niche the easier it is to cater to the shared interests and needs of […]
A Strategy For Managing Business Bills
A business depends on its cash flow to pay its bills. Cash flow can fluctuate greatly in smaller enterprises and there are often times when payments have to be made selectively. This is a strategy to serve as a general guide for paying bills at any time; it is especially useful for times when extra […]