WHEN AUTOMATION BECOMES NECESSARY FOR A SMALL BUSINESS Automation refers to the use of computers and other automated machinery for the execution of business-related tasks. Automated machinery may range from simple sensing devices to robots and other sophisticated equipment. Automation of operations may encompass the automation of a single operation […]
Business
DECIDING WHETHER TO HIRE A CONSULTANT A consultant is an individual who possesses special knowledge or skills and provides that expertise to a client for a fee. Consultants help all sorts of businesses find and implement solutions to a wide variety of problems, including those related to business start-up, marketing, […]
STEPS TO SUCCESSFUL INVESTOR PRESENTATIONS Investor presentations are an important but often overlooked aspect of entrepreneurial efforts to secure financing for their businesses. Presentations are particularly important to business owners hoping to raise money from private investors. Whereas institutional investors such as banks rely primarily on financial statements, business plans, […]
KEY ELEMENTS OF A BUSINESS PROPOSAL Business proposals are documents that attempt to persuade targeted clients to buy a particular service or products. These documents, which are used in academia and government as well as business and industry, nay range from relatively short (a few pages) proposals to “formal” documents […]
WHY BUSINESS PLANNING IS IMPORTANT FOR BUSINESS SUCCESS …Key steps in the planning process Business planning, also known as strategic planning or long-range planning, is a management directional process that is intended to determine a desired future state for a business entity and to define overall strategies for accomplishing the […]
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 […]
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 […]
