High rates of return

The real rate of interest is the compensation a lender theoretically would require to make a risk-free loan in an inflation-free environment. Small business isn't the only game in town; in some cases, it isn't even the best option available. Sometimes the government really does want to help. Depreciation is …

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Maintain your Competitive Edge through Accounting

This guarantees repeat loyal customers, a safe working environment, quality workmanship, on-time deliveries, empowered and accountable employees, and an above-average profit margin. It is usually better to wait for or seek another opportunity than to rush into the present opportunity without performing due diligence'whether buying a car, house, or company …

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Communication Approaches Deployed Effectively

A characteristic of successful change programmes is the use of a full range of communication approaches deployed effectively. Some people only believe that change is going to happen if they read it in black and white. Other people need to hear directly from a respected leader before they recognise that …

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A Simple Guide to Sales

The management style of hiring quickly and trying to fix them later doesn't work. Hire a financial professional. After defining your exciting vision, specific results must be targeted and quantified. Venture capital isn t for everybody, but it provides a very important financing option for some young firms.

Prepare convincing …

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An Authoratitive Guide to Sourcing

There are important tasks that must be done promptly, unimportant tasks that must be done promptly, important tasks with no particular rush, and unimportant tasks with no particular rush; and sometimes there are things that seem crucial but may not need doing at all. Some grow to eight employees at …

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Opening and closing procedures

Constant monitoring becomes easy for the owner and upper management when systems are in place and being followed. Successful business owners focus on maximizing customer relationships and seeking better business opportunities. Remember, it is much easier to find skilled people in various aspects of business than it is to learn …

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Double-entry bookkeeping

By establishing clear measurements and procedures for implementation, team members can get started on track and can be monitored on an ongoing basis as to their progress. These solutions require access to the resources and activities owned and carried out by other businesses and organisations, particularly customers and suppliers. You …

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Purchasing on a shoestring

Bankers are less likely to provide startup money to turn a concept into a business, and they are even less likely to put up seed money to prove a concept unless you have a track record of launching previous businesses with successful results. Join organizations where your customers hang out …

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Location commonly determines success or failure

Conveying too much information in one advertisement, no matter how accurate or positive, can confuse the audience and weaken the message. Starting small doesn't need to mean telling people you are small, however. But one can endure stress for only so long before performance declines and exhaustion is reached. Follow …

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Is Your Company Getting Rusty?

The same might go for a software startup that comes out with a new program just before Microsoft unveils a top-secret, long-term development effort to create something that does the same job for a lot less money. Other fixed costs include depreciation, insurance, mortgage, and rent. Your job is NOT …

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Attractive packaging lures looks

Rather, smart financial management is about taking a hard look at where you are, figuring out where you want to go, and making sure that you're prepared for occasional adverse conditions along the way ' a process, incidentally, that isn't unlike what you'll be doing when you run your own business …

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A Simple Guide to Quality

And not only does it ensure you get paid promptly; if there is a recurring charge, for example a monthly or annual renewal fee to pay, it ensures you will get that on time, too, without even having to ask for it. In fact, the gap in cost between traditional …

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Defining Your Product

In this case, even though the margins will be smaller than they would if you were buying larger quantities, you will still make a profit on each sale. Every employee on your project team needs to know what they're responsible for and when they're successful. Equity is the value of …

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Do your due diligence within your industry

Many men fail because they undertake a business without considering whether there is room for it; others because they do not thoroughly establish themselves in the place, making no effort to get a constituency; and yet others because they do not keep the goods that are in demand, or do …

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A poor approach to Finance

Once you have determined whether you can launch and run a business for $20,000, $200,000, $2 million, or $200 million, you will be able to consider the various funding sources. While accounting systems would need to be agile in making information available on a continuous basis to support …

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