FACTORS IN ARRIVING AT A PRICING STRATEGY Intelligent pricing is one of the most important elements of any successful business venture. Yet many entrepreneurs fail to educate themselves adequately about various pricing components and strategies before launching a business. Smart business owners will weigh many marketplace factors before setting […]
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WHY REENGINEERING OFTEN FAILS Reengineering is a management tool that is popular with many organizations. Like many such tools, it aims to cut costs while at the same time increasing productivity and providing higher levels of service. And while all this is true, reengineering still offers much more. The concept […]
KEYS TO SERVICE BUSINESS SUCCESS Service businesses are enterprises that are established and maintained for the purpose of providing services (rather than or in addition to products) to private and/or commercial customers. Services have been defined as “activities, benefits, or satisfactions which are offered for sale or are provided in […]
WHY LIQUIDATION MIGHT NOT BE A SIGN OF COMPANY FAILURE Many factors can contribute to tough financial times for a business, including a struggling economy, hostile takeover, natural disaster, or illegal activity such as theft or frauds. When a business encounters this type of financial turmoil, it may be forced […]
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, […]
WHEN CHOOSING A TEMPORARY EMPLOYMENT SERVICE Temporary employment services (often referred to as temporary employment agencies or firms) provide employees who possess specific skills to client companies for brief and often fixed period of time. The arrangement can provide a client company with needed help during peak demand periods, staffing […]
MANAGING THE LOSS OF EMPLOYEES DURING PREGNANCY AND MATERNITY LEAVE Most business owners that maintain a paid staff will, at one time or the other, have a pregnant employee in the workplace. Over 80 percent of all working women will become pregnant at some point in their working lives. This […]
ELEMENTS OF AN EFFECTIVE PROBATIONARY PERIOD When hiring new employees many employers use probationary employment periods to ascertain whether the new workers will be able to handle the duties and challenges associated with their new job. The essential purpose of a probationary period is to allow management to observe a […]
WHEN CONSIDERING A BUSINESS PARTNERSHIP, DETERMINE YOUR ASSETS THAT WILL BE AT RISK Partnership is an association of two or more persons to carry on as coworkers of a business for profit. The essential characteristics of this business form, then, are the collaboration of two or more owners, the conduct […]
HOW WHOLESALING BENEFITS YOUR BUSINESS [contact-form][contact-field label=”Name” type=”name” required=”true” /][contact-field label=”Email” type=”email” required=”true” /][contact-field label=”Website” type=”url” /][contact-field label=”Message” type=”textarea” /][/contact-form] Wholesaling is the selling of merchandise to anyone, either a person or an organization, other than the end consumer of that merchandise. Wholesalers, who are sometimes referred to as middle […]
