Never Lose Your Business Plan Again

Effective businesspeople must make decisions on the fly, and must learn when to trust and mistrust their rational and intuitive capacities for judgment. If you are starting a business without any money, it is obviously going to be a lot easier starting a service-based venture than a product-based one because …

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Is Your Company Getting Rusty in Purchasing?

If you decide to start your own business, you'll quickly discover what every successful entrepreneur before you has discovered: You have a finite amount of time and energy. However, if the new product is too different from existing products sold under the same name'for example, motorcycle manufacturer Harley Davidson's introduction …

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A poor approach to Production

There are groups formed by angels and other organizations, such as Funding Post (fundingpost.com), that arrange for special angel and venture-capitalist showcases in various parts of the country. You have to address distinctive groups of people in a different manner. When you provide the same service or quality as …

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Cashing-Out Options

You can also use bulletin boards or company newsletters to publish smaller sections of your plan, such as your mission statement or some details of financial objectives and how you re progressing. Sense-making is an attempt to provide an understanding and it implies a continuous process of interpretation and learning …

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What?s your best target market?

In some periods of the day you will have more custom than you can well attend to, while at other times you will have nothing to do. If for some reason you still don t see the need for or advantage of targeting a narrower market to sell your products …

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Prioritize the results

Never ask a residential broker to find industrial property. The best use of somebody else s money is to buy or build something that will make more money, both for you and for that person. If you continue to do business the same way, you won't improve or get better …

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Project Management in Sales

In the early years of your start-up business, you'll almost surely experience a reduction in your take-home income just as you'll also experience the feeling of a lack of security. So they're afraid to go for it, for fear of their boss's reaction when things aren't done the way he …

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Proof That Finance Really Works

Even if you don t learn anything new, getting a firm handle on your goals and objectives is a big help in deciding how you ll plan your business. Have you ever noticed that successful people always get up when they fall down? When you spend time doing all the …

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Strategy on a shoestring

If you spend all your marketing money on uniforms for your employees, keeping your facility spick and span, and doing excellent work, you may not achieve your marketing goal (more revenue at a higher price). Depending on your industry and the software you are using, it may be in your …

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