HOW BUSINESS BROKERS FILL THE MARKETING FUNCTION OF BUYING AND SELLING Business brokers act as intermediaries between buyers and sellers of a business. They may represent either party in the transaction and do not take possession of goods or property, or deal on their own account. Brokers differ from dealers […]
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WHEN OFFERING COLLATERAL FOR A LOAN Collateral is an item that is pledged to guarantee repayment for a loan. Collateral items are generally of significant value – property and equipment are often used as collateral, for example, but the range varies significantly, depending on the lending institution and variables in […]
HOW BRAINSTORMING CAN PROVIDE SOLUTIONS TO BUSINESS PROBLEMS Brainstorming is a group problem-solving technique that is intended to help members develop innovative new approaches in an unthreatening environment. Brainstorming in its most basic form involves stimulating all the members of a group to express a variety of ideas, which are […]
THE TURNAROUND PLAN FOR A TROUBLED COMPANY The Gestation Period of Crisis A crisis rarely develops overnight. The time between the initial cause of trouble and the point of intervention can run from 18 months to five years. What happens to a company during the gestation period has implications for […]
GOVERNANCE STRATEGY FOR THE “NEXT AFRICA” …Guides for overpowering “Simulation Managerial System” in post COVID-19 Africa. This article is published by tcbassociates.com based on Content Marketing Partnership with the original author, Dr Chris Ohanemu. PREAMBLE This discussion is hardly a comment on INTERNATIONAL RELATIONS. It is […]
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 […]
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 […]
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 […]
What’s the Difference Between Exempt and Non-Exempt Employees? Whether your employees are considered exempt or non-exempt impacts several things from whether they track their time to overtime pay eligibility. But before you can accurately categorize your workforce, you need to understand what exempt and non-exempt means—and what’s required for each […]
HOW TO ANALYZE YOUR RESPONSIBILITY Top-down decision-making leads to the delegation of work to subordinate levels. This is natural to hierarchies, but you must decide which decisions to make yourself and which to delegate to others. The best decision-makers share responsibility widely. Making Your Own Decisions It is up […]
