HOW TO DECIDE WHOM TO INVOLVE IN A DECISION Whom to involve, and how, is your very first decision as a decision-maker. The number of people you can involve ranges from none, in which you make a decision single-handedly, to total, in which you lead a whole team searching for...
Month: August 2020
HOW TO IDENTIFY ISSUES WHEN REACHING A DECISION Mastering the processes and methods involved in taking decisions goes a long way towards maximizing your effectiveness and efficiency as a manager. Identifying Issues It is crucial to diagnose problems correctly. Before any decision can be made, identify and define the issue...
HOW TO RUN A SUCCESSFUL DELIVERY COMPANY DURING PANDEMIC The COVID-19 outbreak has completely changed the way we live, the way we do business, and the way our economy functions as a whole. Many states are still in lockdown. More people are being asked to work from...
MANAGEMENT COMPETENCIES THAT PROMOTE RAPID COMPANY GROWTH (2) Entrepreneurs who build substandard companies that grow to more than $10 million in sales and 75 to 100 employees are good entrepreneurs and good managers. Typically, they would have developed a solid base and a wide breadth of management skills and know-how...
HOW TO IDENTIFY POTENTIAL RISKS IN BUSINESS AND CALCULATING THE PROBABILITY THAT A RISK WILL OCCUR Risk is a fact of business life, and a company’s exposure to risk increases as the venture grows. Understanding where the risk lies allows the enterprise to respond effectively through process improvement strategies and...
IMPORTANCE OF CHOOSING AND MANAGING A LEGAL COUNSEL IN BUSINESS Almost all companies need and use the services of attorneys, and entrepreneurial ventures perhaps more than most. It may be necessary for entrepreneurs to possess extensive knowledge of the law in addition to selecting good attorneys. Various authors have described...
HOW TO STRUCTURE A DEAL What Is a Deal? Deals are economic agreements between at least two people. In the context of entrepreneurial finance, most deals involve the allocation of cash flow streams (with respect to both amount and timing), the allocation of risk, and hence the allocation of value...
What Is Reverse Logistics? The Delivery Process You’re Overlooking What is Reverse Logistics? Reverse logistics is any part of the logistics process where goods or services move from what is typically their final destination (the customer) back to their origin (or in some cases, to a third location). Reverse logistics...
HOW TO SELL WITH MAGAZINE, RADIO AND TV ADS (PART 2) Radio and TV ads can be effective in selling consumer-oriented products. Weight-loss products, auto safety devices, tapes, videos, cooking sets, fishing gear, and a host of other products are sold either through thirty-second to two-minute ads or half-hour-long infomercials....
HOW TO SELL WITH MAGAZINE, RADIO AND TV ADS (PART 1) Radio and TV ads can be effective in selling consumer-oriented products. Weight-loss products, auto safety devices, tapes, videos, cooking sets, fishing gear, and a host of other products are sold either through thirty-second to two-minute ads or half-hour-long infomercials....
