Developing a Business Plan: 3 Major Factors In order to develop a successful business plan, one must focus on the three major factors which contribute towards the success of a business. The essential idea of developing a business plan is so that you are able to identify the strengths and weaknesses …
Finally you’ve managed to translate your business idea into reality, now begins the hardest part, ensuring your business grows successfully. Although it might be too early to tell yet, you need to keep track of the relevant metrics to gauge your business’ success. Let’s take a look at the …
Net cash flow is the amount of money received and used in a business. Before you get your small business on the road, you will need to know how to calculate net cash flow. The cash flows are divided into three categories, operational, financial, and investment. Step 1- The Calculation Net Cash Flow …
Customer relationship management is a very important aspect that all business owners should consider seriously and look for ways to improve in. A good customer relationship management strategy will help to increase your sales while ensuring that your store or business has a repeat clientele. This ca…
The key to managing successfully is to have effective contingency plans. Since important projects are always in process and there are deadlines to meet, the work must be done despite absenteeism. This can be easier to achieve if a backup plan is implemented in which important projects are assigned t…
Stress has many different side effects on people depending on how they can handle it. Although the signs and symptoms may not show as quickly and severely, there are techniques which one can apply to overcome it before it gets overbearing. It is not difficult at all to learn how to manage stress, h…
INSTANT REPEAT BUSINESS Many entrepreneurs find that despite delivering excellent products or services and having satisfied customers, their business sometimes feels like a roller-coaster. Often, this is because they’re behaving like employees. In other words, they’re working in the business and…
Toward the end of last year I did something I never thought I’d do. In fact, when I committed to it, my own mother said, “Well I think you’re crazy.” (thanks, mom) What was it? The Mudderella. A 5-mile obstacle course that left me completely out of breath, scratched, bruised, and covered in …
Lead generation is a process that helps a sales force’s productivity. To generate an effective business-to-business lead generation program, different techniques need to be applied to the program. Here are some of them: 1. E-Forms E-forms are a powerful lead generation method. Many sales represent…
Even if you love what you do, any job can have stressful elements. Everyone who has ever held a job has probably felt work-related stress getting to them at some point. It can be the pressure to meet a deadline, or dealing with an overbearing boss. The question is, how to manage stress effectively? …