Published 27.05.2006 00:08:00 | Strategic Planning
Diversify - to make diverse, give variety, to balance, to divide securities in different industries, to produce variety, to engage in varied operations.
Published 27.05.2006 00:08:00 | Strategic Planning
People often ask "What makes a good business plan? Or, "How do I make my plan attractive to lenders and investors?".
Published 27.05.2006 00:08:00 | Strategic Planning
You might be thinking to yourself, "Why should I waste my time writing a business plan? I know what (web designers, freelance writers, professional organizers) do" Knowing intellectually what your industry is all about and pinpointing exactly where you want your business to go are two entirely different propositions.
Published 27.05.2006 00:08:00 | Strategic Planning
I am not a big fisherman, but I do enjoy it whenever the opportunity comes my way. I have some friends who are fanatics and occasionally I will go out with one of them. They have nice boats and it makes for an enjoyable day.
Published 27.05.2006 00:08:00 | Strategic Planning
More than $117 billion passed hands from Internet shoppers to Internet vendors in 2004, according to the statistical research firm comScore. That's billion, with a B. Compared to the year before, the figure represents a whopping 24 percent increase in sales. Compared to the early 1990s, when the Web was a questionable commercial venture, today's $117 billion is proof-positive that the Web is the full-fledged money-making machine. It seems to be a big enough pie that any merchant with a Web site
Published 27.05.2006 00:08:00 | Strategic Planning
There is so much small business information available today that it's easy to be bogged down by the sheer volume of it all. Where does one start? Well, it's safe to say not all the information you'll receive will be of equal value. So it's important to be discerning when you're thinking about applying any suggestions to your new business. In many cases, you'll find some suggestions don't match your business type, management style, budget, or industry. This could lead to wasted dollars spent an
Published 27.05.2006 00:08:00 | Strategic Planning
The format of a Business Plan is something that has beendeveloped and refined over the years and is something that shouldnot be changed. Like a good recipe, a business plan needs toinclude certain ingredients to make it work.
Published 27.05.2006 00:08:00 | Strategic Planning
Imagine spending the same amount of money on marketing andperforming the same amount of work to deliver your productsor services, but earning more money and keeping more afteryour expenses. That's what happens when you instituteelite positioning for your business.
Published 27.05.2006 00:08:00 | Strategic Planning
I read once that something like 30 percent of all drinkablewater gets wasted on the way to the consumer by leaky pipes. Likewise, your business may be letting potential revenuedrip away, to be lost forever, all over the place. Use thischecklist to make sure you are taking best advantage of allthe opportunities for earnings that would be arriving safelyif you only plugged up those holes.
Published 27.05.2006 00:08:00 | Strategic Planning
Conventional wisdom has it that there are only three ways togrow your business find new customers, increase the amountof each sale to existing customers or get customers to buymore frequently. But I've seen business owners go blankwhen presented with those three options. So here is a moreuseful list of ways to increase your total revenues withoutin most cases having to put in more hours at the office.
Published 27.05.2006 00:08:00 | Strategic Planning
Does your overall business strategy include the recruitment of college students to run your locations? Are you a franching company and looking for young, talented, hardworking and dedicated franchisees? There are some things to think about before you deploy such a strategy. There are both positives and negatives to focusing your recruitment efforts on college students, for instance best reason's to use college students include some of the following
Published 27.05.2006 00:08:00 | Strategic Planning
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 performance, is a necessity, the implication being that despite many of the basic principles being relatively
Published 27.05.2006 00:08:00 | Strategic Planning
A significant advantage of some business ideas is that the venture can break even at what seems to be an easily achievable volume. A technique for quantifying that volume, called break-even analysis, examines the interaction among fixed costs, variable costs, prices, and unit volume to determine that combination of elements in which revenues and total costs are equal.
Published 27.05.2006 00:08:00 | Strategic Planning
The trick is to determine what uniquely identifies your best customers. Fortunately, deriving this information is not difficult, and in many cases can be obtained from innocuous questions. Consider a manufacturer of baby goods and the fact that families with new babies often purchase multi-passenger vehicles. This manufacturer could build an effective mailing list by surveying recent car purchasers and noting which respondents had traded in sports cars for SUVs. Your information gathering techni
Published 27.05.2006 00:08:00 | Strategic Planning
A focus group is a group of employees or currentcustomers that discuss and brainstorm new waysto improve different parts of your business.
Published 27.05.2006 00:08:00 | Strategic Planning
From time to time there seems to be a flurry of studies and surveys on effectivecommunication in the workplace. As a communication specialist, I'm always eager toread these studies, but am often disappointed with what I see. That's because theyall seem to be about communication strategy.
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