HOW INCUBATORS FACILITATE BUSINESS SURVIVAL Business incubators are business assistance programs that provide entrepreneurs with an inexpensive startup environment and a range of administrative, consulting, and networking services. In essence, these programs, which may be managed by econo0mic development agencies, local governments, for-profit businesses, or colleges and universities, serve as […]
Business
WHY BUSINESS APPRAISERS FAIL Appraisers are agents who establish the value of businesses, personal property, intellectual property (such as patents, trademarks, and copyrights), and real estate through a process known as valuation or appraisal. The demand for valuation of business for business enterprises has increased in the last decades in […]
BARRIERS TO SUCCESSFUL BENCHMARKING CAN HINDER BUSINESS SUCCESS Benchmarking is the practice of identifying, understanding, and adapting the successful business practices and processes used by other companies (or even other departments within the same company) to increase your own business success. It is a business strategy that is used by […]
HOW BATTERING PROCESS STRATEGY MOTIVATE BUSINESS GROWTH Battering is the exchange of goods and services among businesses. This practice may be undertaken by single businesses, but in recent years many companies that choose to batter have joined organized battering networks that offer memberships to firms in a variety of industries. […]
KEYS TO SUCCESSFUL SUPPLIER RELATIONS Good purchasing practices are integral to business success, and few factors are as vital in ensuring sound purchasing methodologies as the selection of quality suppliers. Indeed, finding good suppliers and maintaining solid relations with them can be an invaluable tool in the quest for business […]
WHY SMALL BUSINESSES CAN EMBRACE REMANUFACTURING Remanufacturing is a process where a particular product is taken apart, cleaned, repaired, and then reassembled to be used again. Many different types of products can go through this process, including auto parts, tyres, furniture, laser toner cartridges, computers, and electrical equipment. Essentially, any […]
WHY NEW PRODUCT DEVELOPMENT IS ESSENTIAL FOR BUSINESS SUCCESS Product development is the process by which a company does one of two things: 1) create an entirely new product that either adds to an existing product line or occupies an entirely new niche; 2) modifies or updates an existing product. […]
HOW ADEQUATE SECURITY PROVISION CAN PROTECT OFFICE AND EMPLOYEES Office security can be broken down into two main areas: 1) protecting your office and employees from vandalism, theft, and personal attacks; and 2) protecting your office from corporate sabotage both from inside the company and out. The first area deals […]
HOW TO CONSTRUCT A LETTER OF INTENT A letter of intent is essentially a document that summarizes the major ingredients of a proposed transaction, including the price, payment method, and important target dates (for contract signing and closing). In most cases, the letter of intent is not legally binding, but […]
SPECIFIC CONCERNS BEFORE MAKING RELOCATION DECISIONS Relocation is the action of transferring a company’s place of operation from one physical location to another. For businesses, the act of relocating is often fraught with uncertainty, since the margin for error in companies with modest financial resources is so small. Indeed, […]
