Self employment articles
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- 2007-11-13 22:16:19 - Defining go for it business goals
- Many business start-up kits or consultants will tell you one of the first steps to starting a business is to define your business goals. Your goals may differ from the goals of another individual, for example; some people want freedom to do what they want to do, whenever they want, and without having to report to someone else. For others, the goal might be financial security. For another, flexibil...
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- 2007-11-13 22:16:19 - Are you aware of planning in business?
- Human beings are rational agents. Rationality endorses one to take up planning in every sphere of life from shifting to a new house to marriage, as well as business. A business plan is the first and most significant premise to reach and run a successful business. It is not just that capital that makes a business successful but it is also planning done in a prudent manner that plays a crucial role....
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- 2007-11-13 22:16:19 - Why create an annual plan?
- Can you imagine going on a road trip without knowing your destination? Or, building your house without plans? The same can be said about running your business without a plan.They say that "If you don't know where you are going, any road will do." But if you don't know where you are going how do you know when you get there? Or if the road you are on is the right road or the scenic,...
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- 2007-11-13 22:16:19 - What is a shared vision?
- So what makes a vision successful? Everyday companies try to create a vision that will lead them into the future but seldom does that vision ever impact the organization. The reason for this is that the vision is created by a few and never becomes a 'shared vision' of the entire organization.Peter Senge, in his book "The Fifth Discipline" describes a shared vision as "? a for...
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- 2007-11-13 22:16:19 - Creating a vision that achieves results
- How important is a vision statement to your company or division? Well, have you ever thought about embarking on a journey without knowing where you are going? The same can be said about running a company, without a vision statement you are going places but who knows if it is in the right direction or even if you want to go there.A vision statement should paint a picture of what you want you...
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- 2007-11-13 22:16:19 - The 7 critical steps to formulating your annual strategic business plan
- Businesses tend to avoid doing their annual business plan thinking that it is an arduous task that does not accomplish much. Formulating your annual plan is, however, critical to your business success and if done correctly should be quick, easy and generate bottom line results.Rather than creating a business plan that achieves no results, other than to gather dust, you should be writing a s...
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- 2007-11-13 22:16:19 - Benefiting from strategic thinking
- I recently took an organizational behavior class where my professor conducted a strategic thinking exercise in which groups of students were to be a part of a scholarship committee. The purpose of our committee was to use strategic thinking on allocating a scholarship budget to reward several incoming freshmen to our university. I, along with some classmates represented freshmen candidates who wou...
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- 2007-11-13 22:16:19 - Content management: wise investment for business prosperity
- The time when a website was just a simple set of HTML pages has gone by. It's true, just five or seven years ago simple websites developed with HTML and JavaScript were usual. Nobody thought there could be another option. However, year by year, Internet becomes a place where companies can interact with their clients, can develop online showrooms and online shops, can announce the latest news, and ...
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- 2007-11-13 22:16:19 - Erp role in selling your mid-size business ? microsoft great plains and crm example
- If you own the mid-size business and actively work in it as executive manager or lead, say marketing, ? you probably know exactly what needs to be done on the daily basis to keep it running. However, in many cases this business critical knowledge exists in your head only. This means that if you would like to sell your business ? it has little value without your participation. So, ahead of the sell...
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- 2007-11-13 22:16:19 - To go or no go, that is the question
- Last week we talked about a few of the ways to test the feasibility of a business idea to help determine if the idea really had merit or just looked good on the surface. To recap, I said don't bet the farm on the opinions of friends and family, consult with knowledgeable business experts, and conduct a SWOT (Strengths, Weaknesses, Opportunities, and Threats) Analysis. This week let's take it a ste...
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- 2007-11-13 22:16:19 - Swot analysis is no magic 8 ball
- Q: A key investor in my business has suggested that I hire a consultant to do a SWOT Analysis to help plan for the future. I try not to argue with my investors, but I'm not so sure I need to have this done. What do you think? -- Laurie B.A: Laurie, before you call in the SWOT team to deal with this investor (sorry, couldn't resist that one), let me tell you exactly what a SWOT Analysis is a...
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- 2007-11-13 22:16:19 - Shortening product life cycle!
- The current state of the available technology at the disposal of designer is the most limiting determinant to what is technically and economically feasible to develop. Therefore research into metatechnology such as computer science, whereby interdisciplinary spin off provides advances that both directly increase capabilities, and affects other technologies to dramatically improve system perform...
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- 2007-11-13 22:16:19 - Resilience
- I. INTRODUCTIONThe term resilience, which is of frequent use in the psychotherapy area, has recently started being used in the corporate field.In fact, this term came up in our language as a technical term, with the following meaning:"The power that certain materials ?mainly metals- have of resuming its' original form or shape after a strong level of pressure or compressi...
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- 2007-11-13 22:16:19 - Why you need a business planning system not a business plan
- When someone mentions business planning we have been conditioned to think about writing a business plan. There are hundreds of books and articles, tons of software, an army of consultants, and a multitude government programs to help you write a business plan. There are virtually no resources to help you set up what today's business environment really demands ? a continuous, ongoing planning system...
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- 2007-11-13 22:16:19 - The best entity to hold real estate
- Possibly THE most frequently asked question of me is "What is the best business entity to use for real-estate investments?" My recommendation to most people is that a limited liability company (an "LLC") is the best entity for this type of use. Here's why:-- Excellent liability protection for managers and members-- Flow-through tax treatment on LLC profits and losses-- Ability...
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- 2007-11-13 22:16:19 - Scheduling of additional auto detailing or mobile car wash units
- If you own a mobile car wash business or auto detailing business then you realize that when you are parked working you are making money and when you are stuck in traffic you are losing money. Sure you can say when you are in traffic people see you and write down the phone number, but you are not making money, that is potential future income, which is work you still must do in the future. Many auto...
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- 2007-11-13 22:16:19 - Changing strategy without losing your customers - three vital steps to refining your strategy
- American Eagle Outfitters and Wet Seal Stores have issued statements about company turnarounds needed to cut sales loses. This kind of story occurs far too often: a business disconnects from their customers because the company either wants to sell to a larger customer base or they want to upgrade to a more prestigious look.The Strategy:The strategy may seem initially correct. Here ar...
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- 2007-11-13 22:16:19 - Business problem solving
- Is there really anything as a problem? Does chaos or challenge mean you have a problem? I am under the belief that such things as other call problems are indeed the life-blood of opportunity and the louder it knocks the greater the gain. Embrace chaos. In my many years in business I loved a good challenge; let me recommend a good audio book incase you find yourself embattled with what you believe ...
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- 2007-11-13 22:16:19 - Strategic planning and total quality management
- No matter what product or service you provide you will have to face this issue of quality and systems. Whether it is distribution of services or streamlining of processes in manufacturing your product; you will need to address the issues of total quality management. Yes, you can call it whatever you like; change the name, but no matter what you must consider these issues or you are doomed to failu...
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- 2007-11-13 22:16:19 - City of cortez and south western colorado market survey
- We have been spending many hours surveying the market for a potential business location in the South Western Region (region # 9) of Colorado. Pouring through data, seeing the tourist sites, and understanding the market there. Meeting with officials, business people and visiting businesses we learned quite a bit about the region and the future prospects there for someone opening a business.O...
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- 2007-11-13 22:16:19 - Idaho market for automotive businesses; doing it right
- Anyone who has been watching the Idaho Market Carefully for auto services, knows that the market is ripe, ready and growing. I visited Southern Idaho after establishing franchises in Northern Idaho three years ago for our auto aftermarket franchise company. We have surveyed the competition as well and found that much of the original competition in these Southern Idaho markets is unsophisticated an...
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- 2007-11-13 22:16:19 - Parking business, the details on increasing lot revenue
- If you are in the parking business and own or manage parking lots you may want to think on some additional concepts to increase lot revenues. Whether you are looking to add value for your customers, expand your customer base, or simply increase your revenue, the addition of a car wash and/or detailing service to your parking facility may be the answer. There are many options available to you if yo...
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- 2007-11-13 22:16:19 - Pressure washing entrepreneurs can help with government npdes permits
- If you own a pressure washing business one of the smartest things you can do is get involved with the local and regional enforcement for storm water environmental laws. The reason being is they do not understand the washing process of the industry and you can assist them with pertinent information. Secondly you learn about opportunities in the market and third, you can prevent really bad legislati...
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- 2007-11-13 22:16:19 - Succession planning for business - 10 key points you must know
- By cranking up others development to meet your business needs, big or small, not just for right now, but for the future, you will find payoffs, big-time. Here are a few ideas to get you started.Building Relationships By ensuring that you have informally built good relationships with every one of your team, you will have a head start when developing the intelligence needed for...
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- 2007-11-13 22:16:19 - How to grow your business by clearing the way to growth
- Is your business growing as fast and effectively as it could, or is it stuck at the same level it has been at for years? Research (Larry Greiner, 1972) has discovered 5 specific stages of business growth. Most business never grow beyond the second level. At this level, the business is characterised by a small group of owners (if not a sole owner), supported by a small team of people at an operatio...
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- 2007-11-13 22:16:19 - Planning for success
- Business planning is widely acknowledged as one of the keys to business success. Yet there is still a great reluctance by small business owners in this area. This is despite the fact that it can be shown that fewer business fail if they have prepared a business plan.The following are some of the reasons given for not planning: We have done well so far, so how would a plan he...
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- 2007-11-13 22:16:19 - Three steps to give your strategic plan traction
- We all agree Strategic Planning is a critical part of a company's success. All too often, however, strategic plans stall before they ever make it to execution - or they gradually lose momentum. The organization is then left in a vulnerable and uncomfortable position of continuing to go about its business with good intentions but no focused direction or aligned action. Move intention into action us...
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- 2007-11-13 22:16:19 - The six sigma method and design of experiments
- Six Sigma is becoming a proven approach for businesses and organizations to improve their performance. The spectrum of companies actively engaging in Six Sigma today is wide from industrials like Celanese, Caterpillar, GE, Honeywell, and 3M to service/retail organizations like Starwood Hotels, Sears, and Home Depot. Six Sigma has even started in the financial industry with Bank of America and JPMo...
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- 2007-11-13 22:16:19 - Restaurant startup - part 1: market research ? what are potential competitors doing?
- The first step in starting a restaurant is proper planning. One must lay out a plan complete with goals, priorities, and the tasks that he will need to complete in order to achieve these goals. The biggest mistake first time restaurant owners make is improper planning. Ambition, while absolutely required, is simply not enough to succeed in the highly competitive food service industry.If you...
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- 2007-11-13 22:16:19 - Take a systems view to ensure your business stays healthy
- How are you feeling today? Good, not so good, great? Let me ask the same question in a different way: How is your gastro-intestinal system functioning today? What about your lymphatic system? How's the old circulatory system flowing along? Are all your bodily systems aligned, in sync, and cranking at peak performance?In order to get everything done perfectly and on time, your body must use ...
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