Succession Planning: Problems Getting Started Succession planning, like tax planning, is just good common sense and should be a natural part of good business practices. As soon as business owners take out life insurance policies to protect their assets for dependents left behind, they need to think of succession planning. But these owners believe they have plenty of time to arrange for succession. Many business owners put off dealing with succession because it is the least urgent matter on their plate. Too often business owners cannot stand the idea of letting go of an entity they created and for which they toiled to achieve success.
SWOT Analysis If you've ever listened to Warren Buffett talk about investing, you've heard him mention the idea of a company's moat. The moat is a simple way of describing a company's competitive advantage. A st...
SWOT Analysis Is No Magic 8 Ball Think of a SWOT Analysis as a checkup for your business. By spending a little time examining the internal and external factors that affect your business' health you can better gauge the present state of your business and identify things that may adversely affect your business' health in the future.
Take A Systems View To Ensure Your Business Stays Healthy In order to get everything in your business done perfectly and on time all of your business systems must work effectively side-by-side. As such, it is important to take a systems view when it comes to your business's overall health and well-being.
Talking Head Business and Marketing Plans As Internet and wireless technologies expand connectivity the time required to cause change shrinks. In business terms this has encouraged, among other advances, a proliferation of tools designed to aid the creation of business and marketing plans. To assist planners in choosing the right tools this article suggests a "mental checklist" / "question set" compiled from recent consulting experiences.
Ten Steps To A Great Strategic Plan Ask a small business owner about their strategic plan and they'll either laugh or get that stricken look in their eyes. Yet it's well documented that businesses with a strategic plan are more successful. No matter what size business, from solo practitioner to hundreds of employees, a thoughtful strategic plan will help you achieve your dreams.
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.
The Accountability/Alignment Process: Three Steps to an Accountable Organization Generating genuine accountability and functional alignment into your workplace cannot be left to vague ambitions and abstract statements. Well designed processes must be embedded into the heart of an organization to ensure that each employee's goals and expectations are clearly defined and that the resources to bring about specific measurable results are in place.
The Best Entity to Hold Real Estate Garrett Sutton, ESQ recommends to most people that a limited liability company (an "LLC") is the best entity for real estate investments. This article will tell you why.
The Chasm of Change---- Restructuring ----- The Goliath Change must deal with organization theory, social psychology and business history. It must be dynamic and include the introduction of fresh new leadership. This is a behavioral process. People can create change but people also resist change. The change process introduced must answer the question, "How do we get from here to there?"
The Chief Cause of Business Failure & Success Find out the root causes of business failure and business success and learn ways to take corrective action to ensure your business is on the right track.
The Impact of Price Popularity on Profits The goal of almost every business owner is to generate a profit either for themselves or their shareholders. This can be challenging at best. So much thought and effort go into running a business, ac...
The Importance of Planning Are you planning to start a new business? Or are you considering expanding your current business and require a bank loan or investment from outsiders?
The Importance of Value Mix This article highlights the importance of understanding Value Mix as applicable to products and services.The three components of value, namely, Functional, Economic and Psychological, and their right quantum mix will dictate business success. Value mix is what must guide the design & development and marketing of a product or service.
The Magic Of Exponential Business Growth Is there a 'magical' way to exponentially grow your business? It's about the timeless business principle known as "Re-investment". Look, one of the most exciting times for any new business is the tim...
The Power of Planning Most people spend more time writing out a grocery list or planning a vacation than they do planning the direction or outcome of their business. A small investment of time can generate great rewards.
The Power of Strategic Thinking: Creating Meaningful Success Are you feeling overwhelmed by the goal setting and
strategic planning challenges before you? Discover a better
way, a way to minimize the stress and maximize the fun while
accomplishing what needs to get done!
The Seven Secrets of Persistent Business Growth A young president of a fast growing tech company recently told to me something very wise about growth. He said, "If a company is planning to grow and not just talking about it, then its leadership will build growth related skills separate from their core business. In addition ... "
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...
The Tables Have Turned - Its Officially a Sellers Market Private equity firms have raised so much capital over the last 12 months that they are vigorously competing with one another for opportunities to put their money to work. Business owners, who previously would have had to go hat-in-hand to investors, instead find themselves inundated with unsolicited offers for their companies. Companies with solid balance sheets, good management and strong growth prospects are able to tailor deals to their liking, and get solid valuations.
Get More Web Site Traffic From Search Engines Considering all of the money you spend on promotion and advertising, wouldn't it be great to build a steady stream of web site traffic from the free search engi...
Atkins & Low-Carb - Part 3 Papa Murphy's has a new low-carb pizza. Burger King has a low-carb hamburger. Applebee's has rolled out a new low-carb menu, as have dozens of other national re...
Is Your Email Address Blacklisted? A lady emailed me yesterday very upset over the fact that her friend's Internet Service Provider (ISP) wasn't delivering important email messages. This lack o...
How to Motivate Yourself As anyone who has ever tried to keep a New Year's resolution will tell you, motivating yourself to get something done is not always very easy. When the time com...
Furniture Benches Are Perfect For Every Outdoor Space One of the simplest, yet beautiful solutions for people who are overwhelmed when it comes to choosing outdoor seating is to incorporate the use of furniture ben...
How You Feel Affects How You Shop & How Much You Spend Article points out the downfalls of shopping when your mood is not right. Being upset, angry, or depressed can have drastic consequences on your pocketbook afte...
From Democracy to Omniocracy Should we move away from Democracy--which is really just a rule by the elite (humans)--to an Omniocracy (a government of, by and for all living beings). The Eur...
Why Ski in Mont-Tremblant? As the snow begins to cover the trees and mountain tops and the lakes freeze, Mont-Tremblant changes its costume from vivid fall colors to glistening white with...
Car Insurance For College Students Are you stumped on whether to let your kid bring a car to college? Learn about the pros and cons and getting the right insurance.
Nine Simple eBay Selling Hints Some of these eBay hints will save you money, others will result in higher prices. Either way, these will help you run more profitable eBay auctions.
Networking: The Cost of a Connection "Networking is a waste of time," said JoAnne, owner of a busy print shop. "Besides, I advertise in the daily paper."
Story Telling As a Business Tool Stories have been the purveyor of knowledge from time immemorial. Much before the advent of writing and publishing story telling was used as a means of communi...
Party Poker Room Review This article will guide you through the party poker room and make your job easier to choose which poker room to play at?
Where Are The Punctuation Points In Your Life? We live in a very busy age with many pressures and demands on our time. Often in workplaces there is a culture of busyness, where it's important to be seen to ...
Baby Shower Gift Ideas A few guests can get together and get a big laundry basket. Place in it a long clothes line with outfits, diapers, bibs, etc. pinned to it. It can also be used ...
How to Maximize Paid Search Results If you face pay-per-click marketing challenges, before you decide to drop the program, try these proven strategies to get it producing your desired results.
Home For The Holidays: Ask Yourself Some Questions Annie easily slipped into becoming the sole caregiver of her parents. What started out as monthly grocery shopping for them, over the course of 2 years became a...
Packaging Made Frozen TV Dinners Possible I was saddened to hear of the passing of one of the food industry
pioneers Gerry Thomas, One of our unsung heroes credited with
invented a "package" the froze...
