Business articles
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- 2007-11-13 22:16:19 - The diamond cutter
- Geshe Michael Roach is a Princeton graduate and a Buddhist monk. After graduation, he spent seven years studying the wisdom of Tibetan Buddhism. At the suggestion of his teacher, he joined a fledgling diamond business in New York to test his ideals in real life. He stayed with the business as a member of the core management team for seventeen years.The company grew from a start-up with two ...
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- 2007-11-13 22:16:19 - Getting your employees attention back to work
- It is 9:00 am on a Monday morning. Do you know where your employees' attention is? Is it on work?Picture this. You are at work. The phone rings. It is your aging father's neighbor calling to say that Dad is walking around outside in his pajamas and seems confused. You have a full day of meetings and deadlines. Your heart sinks as you try to figure out how to care for your dad and keep your ...
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- 2007-11-13 22:16:19 - Disaster prevention tips for hiring a new manager
- It happens over and over in businesses every day.Within large companies, people are promoted to management positions to reward them for performance as individual contributors. After all, the compensation system limits reward options, so why not just promote them?In small businesses, the owner is getting overwhelmed with all that needs to be done. They think that hiring a manager is t...
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- 2007-11-13 22:16:19 - Three business lessons from the us postal service
- There was a buzz in the air recently about the US Postal Service. Seems as though they were running into a budget deficit in the billions.The Postal Service claimed they must cut Saturday service to customers to stay afloat -- a service they had provided for years. And one that customers expected. They said people using email instead of regular mail made a major dent in their profits. Custo...
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- 2007-11-13 22:16:19 - Performance reviews that actually improve performance
- Employee performance reviews are one of the most dreaded tasks by most managers. It is hard to win here ? you can never say enough good things, and one word of criticism is generally the only thing they will remember.Taking the easy way out and just documenting the positive will cause you a lot of trouble if you ever need to fire the employee.The only way this ever gets better is wit...
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- 2007-11-13 22:16:19 - To meet or not to meet - what are the questions?
- Meetings can be a total waste of time or a powerful and productive communication tool that solve problems, stimulate ideas, promote team spirit and generate action. The results lie totally in how they are run. Organized and well-managed meetings will inevitably produce effective results. Whereas, meetings that are poorly managed lack purpose and focus are a total waste of an organization's time an...
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- 2007-11-13 22:16:19 - 3 ingredients of highly profitable organizational change
- As waves of organizational change sweep across the business landscape, a huge question arises: What must a leader do to make sure change produces highly profitable results?To find out, I uncovered exactly what executives did who planned and implemented organizational change that produced $10-million - $1-billion in profit improvement.I discovered that highly profitable organizational...
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- 2007-11-13 22:16:19 - How to turn business losses into cash flow
- When the typical new business operator starts a business, they concentrate on making the business succeed. That is necessary but not the only thing that a business operator should concentrate on. A business depends on cash flow to exist and grow, so business operators would do their business a good turn by looking at sources of cash flow provided by the Government.We are talking about the t...
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- 2007-11-13 22:16:19 - Are you the culprit?
- Are you a business, non-profit or association manager who pretty much ignores your organization's important outside audiences?If that's you, do you realize how difficult you're making it to achieve the important behavior changes you really need and want? I mean changes that lead directly to achieving your department, division or subsidiary's objectives?I'm talking about achieving new...
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- 2007-11-13 22:16:19 - What to do when you receive a bad check
- As a small business operator, personal checks may be one method to receive payment for your goods or services. As a way to receive payment, a personal check is actually better than credit cards because the fees are less and there can be no charge back.Fortunately, most people are honest and studious in taking care of their checking account. But sooner or later every small business operator ...
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- 2007-11-13 22:16:19 - What 80% of businesses don?t know: tips for improving your working capital management
- What is the number one way to prevent failure in business? Take a minute to really think about your answer. What comes to mind? Increasing patients or customers served? ? Effective marketing? ? Location, location, location? ? Improving patient or customer care? ? Being the best in your industry?Although these are all essential aspects of business, the answer isn't any of the above. The numb...
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- 2007-11-13 22:16:19 - Are your meetings smart?
- Soon after I finished a brief seminar on how to accomplish more in less time every day, Roger shook my hand and said, "I can use what you said. But there is one thing you didn't talk about. It is something that drives me crazy. I can't get anything done because I'm in meetings all day long. We have gone overboard on meetings. We discuss practically everything as a team before making decisions...
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- 2007-11-13 22:16:19 - The retailers calendar
- The Julian calendar we use to pass the time every day, every week, every month and every year is the one most commonly used by businesses. Its general availability and familiarity make it a natural selection.However, the Julian calendar was certainly not devised with the peculiar needs of the apparel and sporting goods retailer in mind. The seasonal, holiday and special event nature of reta...
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- 2007-11-13 22:16:19 - Shrinkage control
- What has been your store's shrinkage experience for the last two years? What will it be this year? If it has not been as good as it should have been, now is the time to analyze the possible causes and take steps to keep shrinkage in line this year.WHAT IS SHRINKAGE?The difference between the perpetual book inventory and the physical inventory count is called shrinkage. The book inven...
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- 2007-11-13 22:16:19 - Policy & procedure manuals - tools for greater productivity and efficiency
- In today's tough retail environment the retailer needs all the tools he can get to help improve efficiency, productivity, and the bottom line. Two of these tools are the company's Policy Manual and Procedure Manual.In working with independent retailers throughout the country we have found that the majority do not have written policies and procedures. When questions or problems arise concern...
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- 2007-11-13 22:16:19 - Internal control - the why and how
- Many retailers do not have good internal controls in place and place little importance on them. They are concerned with the buying and selling of merchandise and do not place enough emphasis on making certain that the sales get recorded, the money gets in the bank, the invoices are paid only once and the inventory reports are correct.Why should you be interested in establishing and maintain...
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- 2007-11-13 22:16:19 - Motivating for higher performance
- Employee motivation is probably the most important single manageable factor for success and profitability of all the facets of specialty store retailing. It is too vital to be handled on a hit or miss basis, depending on the whim or spirit that stirs the store owner or manager from time to time.To be effective, employee motivation must be promoted on a day-to-day, month-to-month basis. It i...
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- 2007-11-13 22:16:19 - 5 interviewing mistakes that can lead to hiring the wrong person
- Mistake #1: Going with the flowInexperienced interviewers sometimes fall into the trap of letting the interview become "free form", spending different amounts of time on different questions, basing follow-up questions on on how the candidates answer. This can result in a candidate taking control of the interview and leading you where he or she wants to go, rather than where you can get the ...
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- 2007-11-13 22:16:19 - The seven cs: partnership danger signs - communication breakdown
- An ongoing series of articles exploring the seven critical areas that can indicate a partnership is in trouble.COMMUNICATION BREAKDOWNThe "Seven Cs" are the danger signs that indicate your business partnership, or any partnership for that matter, is in trouble.First, and most important, in my view, is the issue of Communication Breakdown.Although my list of Seven C's re...
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- 2007-11-13 22:16:19 - The seven cs: partnership danger signs - competitive, not complementary action
- A series of articles exploring the seven critical areas that can indicate a partnership is in trouble.Competitive, Not Complementary ActionJames Carville and Mary Matlin are public relations spokespeople for the Democratic and Republican parties, respectively. They are each articulate, sharp and feisty. Sparks fly when they debate in favor of their parties, so much so that they seem ...
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- 2007-11-13 22:16:19 - The seven cs: partnership danger signs - conflict becoming the norm ? part 1
- A series of articles exploring the seven critical areas that can indicate a partnership is in trouble.Conflict Becoming the Norm ? Part 1Dr. Dean Ornish, noted cardiologist, says the greatest cause of disease is the stress that comes from conflict. Conflict is bad for your health, your personal life and definitely bad for your business.When disagreements have reached the stage...
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- 2007-11-13 22:16:19 - The seven cs: partnership danger signs - conflict becoming the norm ? part 2
- A series of articles exploring the seven critical areas that can indicate a partnership is in trouble.Conflict Becoming the Norm ? Part 2In a previous article, I wrote about how unresolved conflict can create havoc in your business and can often end in a failed partnership. Today, I share with you a story about a pair of clients I recently worked with.Sue and Vicki were partne...
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- 2007-11-13 22:16:19 - The seven cs: partnership danger signs - the 4th c: cumulative money problems
- A series of articles exploring the seven critical areas that can indicate a partnership is in trouble.The 4th C: CUMULATIVE MONEY PROBLEMSConflicts over money are very high on the list of reasons that 70% of business partnerships fail. I'm not referring necessarily to lack of money. The damage to business partnerships stem from the fact that each of us have different attitudes about ...
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- 2007-11-13 22:16:19 - The seven cs: partnership danger signs - the 5th c: control issues
- A series of articles exploring the seven critical areas that can indicate a partnership is in trouble.The 5th C: Control IssuesWhen control is in the picture it is a lose/lose proposition.First, it is an illusion that anyone can control a person or a situation. The need to control is born of fear, lack of trust and insecurity. A person who feels it is necessary to control is r...
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- 2007-11-13 22:16:19 - The seven cs: partnership danger signs - the 6th c: changing vision
- A series of articles exploring the seven critical areas that can indicate a partnership is in trouble.The 6th C: Changing VisionIn order for a business to be a success the vision and mission must be reflected in all aspects of the structure, the culture and the strategy by which business is conducted. Contained in these are core values and principles set forth by the owners and leade...
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- 2007-11-13 22:16:19 - Office politics
- Office politics! It's just another way of saying: "The employees are not getting along!"When so much of a company's success depends on the employees' ability to work together as a cohesive team, it is critical that people understand and appreciate the differences in each other.Symptoms of Office Politics:ConflictStressJob Dissatis...
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- 2007-11-13 22:16:19 - Strategies for planning and conducting effective meetings
- Did you know that business executives spend about half their time sitting in meetings? In fact, 40 to 50 percent of their working hours are consumed by meetings, according to a study by the Annenberg School of Communications at UCLA and the University of Minnesota's Training & Development Research Center.Meetings are inevitable - whether you're a business executive or member of a volunteer,...
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- 2007-11-13 22:16:19 - Why good enough... isnt
- About a year ago, I had an opportunity to have dinner with the CEO of an engineering startup company in Pennsylvania. As we discussed engineering design matters over Chinese food, he took a few moments to talk about his business philosophy. "As far as I'm concerned," he told me, "if a product is good enough, then it's perfect." He explained that in his view, product improvements should only be per...
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- 2007-11-13 22:16:19 - Five strategies to strengthen your company?s financial management
- Too many businesses wait until a crisis occurs before they start to focus on improving their financial management. Often, by that time, it can be too late. By setting aside an hour now to evaluate the strengths and weaknesses of your company's financial management activities and systems you can save a lot of time and aggravation. It can also help increase your profits, and at the end of the day th...
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- 2007-11-13 22:16:19 - Humor in business
- With the advancement of computer simulators, anybody can repeat all the business routines before he goes to the field, and have the opportunity of relaxing from the tedious work with numbers. The businessman can concentrate more on the human factors: The Customer Service, the relationships among fellow workers, and self care.The occupation with Human factors is obligation to deal with emoti...
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