HOW SMALL BUSINESS TENANTS CAN BENEFIT FROM RENOVATION Renovation describes a series of planned changes and updates made to a facility where business is conducted. Office and building renovation is a common undertaking in today’s competitive business environment, as businesses endeavor to keep up with infrastructure needs (especially those sparked […]
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HOW LEVERAGED BUYOUTS CAN ENHANCE MANAGEMENT COMMITMENT IN SMALL BUSINESSES The term leveraged buyout (LBO) describes an acquisition or purchase of a company financed through substantial use of borrowed funds or debts. In fact, in a typical LBO, up to 90 percent of the purchase price may be funded with […]
HOW TO ANALYZE TEAM ROLES In an effective team, each member knows their role thoroughly. While having their own strengths, they must also contribute to the “togetherness” of the team. It is the role of either team leader or senior manager to see that this happens. Assessing Leadership Qualities All […]
HOW RETAIL TRADE CAN BE A REWARDING ENTERPRISE FOR SMALL BUSINESS OWNERS Retailers are business firms engaged in offering goods and services directly to consumers. In most– but not all – cases, retail outlets are primarily concerned with selling, merchandise. Typically, such businesses sell individual units or small groupings of […]
KEYS TO SUCCESFUL BIDS FOR GOVERNMENT CONTRACTS Many small businesses maintain and increase their operations through reliance on local, state, and federal government contracts. While these businesses may also secure business through the offering of competitive bids on jobs offered by the private sector, small business owners should be aware […]
HOW TO DEVELOP A CLEAR, CONCISE, COMPELLING MARKETING STORY (PART 2) Whether you are a sole proprietorship or a fortune 500 company, you have the same job to do. You must develop a clear, concise, compelling marketing story that addresses your customers’ needs and concerns. And you must use the […]
HOW TO DEVELOP A CLEAR, CONCISE, COMPELLING MARKETING STORY (PART 1) Whether you are a sole proprietorship or a Fortune 500 company, you have the same job to do. You must develop a clear, concise, compelling marketing story that addresses your customers’ needs and concerns. And you must use the […]
HOW PENETRATION PRICING WORKS Penetration pricing is a strategy employed by businesses introducing new goods or services into the market place. With this policy, the initial price of the good or service is set relatively low in hopes of “penetrating” into the marketplace quickly and securing significant market share. This […]
WHEN DECIDING WHETHER OR NOT TO LICENSE A NEW PRODUCT Given the popularity of licensing, many businesses today must face the question of whether to manufacture a new product itself or license the product to another company. Major factors entering into this decision are the nature of the product and […]
KEY STEPS IN ORAL PRESENTATIONS Oral Communication Oral communication describes any type of interaction that makes use of spoken words, and it is a vital, integral part of the modern business world. The ability to communicate effectively through speaking as well as in writing is highly valued, and demanded in […]
