How to prepare your business for coronavirus – 18 protection steps The novel coronavirus that causes respiratory disease COVID-19, and that was first detected in China, has now been detected in 60+ locations internationally, including in the United States. In response, some Americans are cancelling and/or limiting both domestic travel […]
5 Time-Sucking Tasks All Freelancers Should Automate in 2020 Source:https://images.unsplash.com/photo-1526948128573-703ee1aeb6fa?ixlib=rb-1.2.1&ixid=eyJhcHBfaWQiOjEyMDd9&auto=format&fit=crop&w=2250&q=80 When it comes to working as a freelancer, there’s no more important asset than your time. We’ve all heard something like this a million times. And yet, we continue to let less-important tasks absorb our time, sometimes finishing up the […]
HOW TO PLAN FOR BUSINESS OWNERSHIP AND COMPENSATION (PART 2) Compensating With Stock Giving someone ownership rights in a company is a serious decision that should receive very careful consideration. There are several things to contemplate before taking on an equity partner, be it an investor or key manager. For […]
HOW TO PLAN FOR BUSINESS OWNERSHIP AND COMPENSATION (PART 1) Two of the most perplexing issues faced by an entrepreneur heading a new corporation are how much of the company to sell to potential stockholders and how much to pay key managers. Whatever method is ultimately chosen, it should […]
Manage What? for Managers Responding Assertively to a Customer Complaint You are the assistant manager of a paint store. Your store manager and all the service technicians have already gone home for the day. The phone rings and you find yourself talking to Mrs Philip, a customer who says (in […]
HOW FRANCHISING CAN AID YOUR BUSINESS GROWTH GETTING STARTED One of the most readily available ways of starting your own business is to buy a franchise. Compared to other forms of start-up, this is often a relatively risk-free method of getting established in business, because the development of the product […]
HOW TO HIRE THE RIGHT TEAM Today, with ever more employees suing their bosses for wrongful discharge, sexual harassment, and racial/gender/age discrimination, it is increasingly important an entrepreneur understand how to hire. Hiring is not a simple matter of placing a help-wanted ad in the newspaper, receiving resumes, and then […]
WHY YOUR BUSINESS NEEDS A BRAND STRATEGY Most entrepreneurs generally start out by focusing on what they’re good at and what they can sell, but this is the cart-before-the-horse method of creating a long-term viable business. What every business needs first is a good brand strategy. If you don’t have […]
WHY SMART COMPANIES OUTSOURCE PRODUCT MANUFACTURING When new businesses fail, most of the time it’s due to running out of cash. Poor cash flow management is the nemesis of the more than 80% of new ventures that go out of business in the first year. It takes a lot […]
HOW TO ORGANIZE A START-UP TEAM The organization of a business process and the site for the business are critical aspects of the management and the operational plan, but it is the people who implement those processes and use the company facility on a daily basis. The roles and responsibilities […]
