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.