A lazy person's guide to Governance

It may also help you to arrange supplier credit one of the most useful forms of financing to a small business. One of the primary reasons why many aspiring entrepreneurs continue to work for someone else is the string of financial and accompanying psychological obstacles they face in leaving the …

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Shifting client tastes

You don t want to create confusion in your consumer s mind. When you select clothing for an important occasion, odds are you try to pick items that will play up your best features. Ideally, you want a product or service that people will be prepared to buy without having …

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A poor approach to Accounting

They are relentless and unbending and have to be paid whether you are selling five units or 100 units or even no units at all. Dealing with it may be as simple as merely including a statement to the effect that you foresee no significant liability issues arising from your …

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Unwrapping Strategy

However, venture capitalists will back seedlings if the idea is strong enough and the prospects promising enough. The heuristics used by business involve risks of limited accuracy but may be effective within an evolutionary perspective by allowing a manager to handle contingences. They are uncertain whether to invest or not …

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Is Strategy your company's main focus?

Effective leaders stand up and say: 'Here's where we're going, and here's how we'll make it happen.' Effective leaders have a vision people get excited about, instead of the standard: 'Work hard and we'll see how it comes out, and if we do well, maybe you'll get to keep your …

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How green are your sales?

When you increase overhead by renting a bigger office or shop, or hiring a new salesperson, manager, or bookkeeper, your choices are simple: raise markup or increase sales volume. The philosophy of business is concerned with broader meanings of business as a human endeavor, including whether business is fundamentally an …

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A poor approach to Advertising

Be quick to change. He invents tools and machinery to assist him in his work, and while he multiplies the processes of production he also enormously increases the results. It s likely as well that with better planning skills will come improved business skills, boosting the odds that each successive …

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Produce consistent results in Quality

Remember, time is of the essence to venture capitalists and other investors. The structure of a company s relationships is likely to take the form of a small number of close, complex relationships between counterparts that are individually significant for each other and a larger number of more distant, less …

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Network View of Blockchain

The network view of a blockchain At the bottom layer in the preceding diagram, there is the internet, which provides a basic communication layer for any network. In this case, a peer-to-peer network runs on top of the internet, which hosts another layer of blockchain. That layer contains transactions, blocks …

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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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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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