Sales policies reviewed

Bankers are sensitive to the term or length of a loan. A high ratio indicates a strong ability to meet obligations, but a very high ratio may indicate that assets are inefficiently allocated; e.g., some of the money on hand might be better used for investment. No matter how …

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Fixed overhead expenses

Do you have employees whose purpose seems to be to make your life miserable? Remember, the tools are there to guide you and not the other way around. Plumbers must be licensed in many states. They are growing faster than they can afford.

Proposal checklist for developments in Production

Since …

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Verify Insurance Requirements for Governance

The classic example of this is the case of the original profit-sharing scheme, the Maison Leclaire, in Paris; the result of the first six years' experiment was a dividend on wages of $3,753 a year, derived entirely from the increased economy and care of the workers. Remember the old …

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A poor approach to Production

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. Your vision is like the larger goal or dream behind your business the optimal desired future state. Track them …

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Anyone can organize

Profit is a reward for running your business professionally. All businesses have similar concerns and responsibilities, including marketing, research, development, purchasing, production, management, accounting, human resources, and customer service. The secret to making this work is to find a product or service which can command a high margin, in other …

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Be Direct with your Production

Do not trust the work to your friend, relative, or clerk. Rather than focusing on day-to-day activities, leaders set the vision, set the goals, track targets, and then inspire and motivate their people to follow. This kind of endless race is energy-consuming, and unless you have unlimited marketing and advertising …

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Prepare schedule

This mutual orientation and commitment between two or more businesses in more or less continuous relationships provide elements of stability in an unpredictable context. People want to know what's happening: sales, customers, profit, changes, opportunities, growth, or expansion. A manager is also dependent on the resources and managerial direction of …

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