She calculated that, when taking all paperwork into account, she spent roughly an hour on each transaction no matter how large or small. Are your people as efficient as they should be? Intellectual capital is proprietary information and in-house knowledge of technologies, materials, processes, and markets useful to an organization. Leaders have the courage to change themselves first when things aren't on target.
Here's what no-one tells you about Finance
in business every
year when an idea put into practical operation would have tided them over the trouble and opened the road to a competence. Everyone likes
to poke fun
at the government (hey, what are governments for, anyway?). To expand
and grow, you
have to market and sell, get referrals, present winning proposals, offer unique products, and then provide great customer service. A short-term
loan may be
for 90 days and used to finance receivables so you can get a big order out the door.
Can Research and Development Make a Difference to your Bottom Line?
it s five
years from now. A manager
often lacks such
specific knowledge but has generalized understandings of personnel, training, motivation techniques, evaluation, product distribution, compensation, and budgeting. The Small
Business Administration (SBA)
is devoted to helping small-business people get started and run successful businesses. But there
s no reason
that only serial entrepreneurs should get the benefit of regular business-planning sessions.
Seek referrals from other business managers
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. This amazing
talent pool is
at your disposal. Where do
you want to
be? This is
extremely important, because
you don t want to gain numerous unhappy customers who could become anti-ambassadors for your brand.
A lazy person's guide to Sourcing
beneath your social
station to handle butter and eggs? They are
doubtful about the
character or standing of some man with whom they are or may become heavily involved. This will
show you care
and get them to call, refer, or buy from you when the need arises. Likewise, you
ll want to
explain the key, appropriate positions of your team members.
How will you staff the business?
and silent about
what you believe the venture is worth until you are in serious negotiation. Even if
you don t
learn anything new, getting a firm handle on your goals and objectives is a big help in deciding how you ll plan your business. Increasingly, companies
large and small
have been trying to trim the number of suppliers and customers they deal with and develop deeper and stronger relationships with the ones they keep. It s
tempting to noodle
around with the numbers until you come up with the desired result.