Essentially, your brand is your identity. If you find that managing the day-to-day headaches of a small business isn't for you, perhaps a viable alternative would be to consider investing in someone else's small business ' assuming that you have the ability to identify potentially successful businesses. What expertise, skills, or talent do you have that can add value to a venture? Expediting your plan.

Should Production Be Your Primary Focus?

The performance of a business over time in an interactive context depends on its capacity to relate to other businesses and to interact effectively with them. It can be difficult to unpick and redo ' and shrink ' the underlying cost structure once the business is up and running. If she wants high quality work performed inexpensively, time will have to be sacrificed, because she will have to spend considerable time searching for the lowest possible bidder, and is likely to wait longer for the low bidder to perform the work at his or her pace and convenience. Others may show how seemingly minor tweaks can produce outsized improvements in sales or profitability.

Creating a Culture of Excellence in Strategy

When you have people problems, it's a reflection on the effectiveness of your leadership. Stocks are a form of equity ownership. Do your employees sit and wait for their boss to make simple decisions for them? No, it s not easy to do, but you can see where innovation and new ideas are coming from and how they might change the face of your industry.

Why are talented employees leaving?

Your board should be able to challenge your thinking, help you solve knotty problems, and even change management if necessary. Trust is built over a long period of time. Endeavor to see what others fail to see--new possibilities of sales, new means of profit, new methods of doing things. This can itself cost money, but the alternative is worse: Undercapitalization is among the most common causes of business failure; it can bring down an otherwise healthy organization.

The competitive pricing approach looks at what your rivals in the marketplace charge

. Or you can make people your top priority. Better understanding of the dynamics and forces shaping the business landscape with its network-like structure, and the role of relationships and interactions among companies may bring about less ineffective policy measures. That way you find out which works best and you get to reach different groups of people.

Want to step up your sales?

And the best way to ensure that a year from now you ll be looking back on your performance with satisfaction and pride is to plan now and often. A number of similarly small changes, in sum, can make a big difference in the bottom line of your plan and turn what otherwise looks like a loser into a projected winner. I have had the opportunity to invest in many startup companies that have paid off very well. Get rid of all the equipment that actually costs you more money to own than you'll get back from your production or operation.