Many old-school bosses don't offer motivation, praise, recognition, or encouragement. Maybe you stand for the right to education for every child around the world, or are very sensitive to gender equality. Good trained help is a result of you making people a priority, building a great place to work, and having systems in place to make sure your people are recognized, motivated, and on track to meeting their goals. This creates too much capacity for the total work available in any marketplace, which causes a downward price pressure and a very competitive work environment.

Do you have sufficient cash flow to repay principal and interest?

Where do you stand in terms of retirement planning? Remember, don't ask, don't get! Outline the next actions to be taken by the group (things to do, next meeting, etc.). But it s still just a bid, and you know what happens to bids in negotiations.

Unwrapping Purchasing

In fact, every business was, at some point in its lineage, a small business. John Jacob Astor knew the minutest point about every part of his great business. But don t make the mistake of skewing your plan to fit an idea that isn t sound. And the really successful ones fall down a lot!

Using 10 Business strategies like the pros

All that information flowing up to senior managers in the form of plans helps keep the brass informed. Sometimes the cash-flow gap is very large. Even if it looks like it ll take an air strike to keep your business from getting started, you don t want to do it if the numbers say that long-term it s headed nowhere. If you re a high-tech startup, top employees are likely to ask to see your plans for attracting venture capital and later selling out to a bigger firm or going public so they can realize the value of their stock options.

How 5 things will change the way you approach Business

They don't think you care about them. Most salespeople never ask for the order. When you can point out new methods to your employer, advance new ideas, or suggest new channels of trade or lines of work, you are surely on the way to promotion. If you ve ever fired your bookkeeper and started sending payroll to a service, you ve outsourced.

Investors want profit

Then you can determine where you get the biggest bang for your marketing buck. Business plans provide all the information such a company will need to find and clone its best customers. Regardless of what problems or challenges you've faced, most likely the real problem was a lack of written company operational systems. At best, it will make you look less than careful.