HOW TO DELEGATE EFFECTIVELY One of the keys to effective management is delegating work to others – no one can do everything for themselves. Learn to delegate aspects of your work properly, and you will have time to complete the most important elements of your job successfully. Learning to […]
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HOW TO MANAGE THE TIME OF OTHERS To make the best use of your time, you also have to manage that of your staff, colleagues, and seniors. Learn to delegate well, share tasks, and manage upwards as well as down. Â Communicating Well To manage others so that you all […]
MANAGEMENT COMPETENCIES THAT PROMOTE RAPID COMPANY GROWTH Entrepreneurial managers need a sound foundation in what is considered traditional management skills. The list below is divided into two cross-functional areas (administration and law and taxation) and four key functional areas (marketing, finance, production and operations, and microcomputers). Technical skills unique to […]
HOW MARKET FACTORS CAN AFFECT BUSINESS GROWTH The degree of growth and the rate at which a new venture grows is dependent on both the market and the management strategy. Market factors affect a firm’s ability to grow. The Size, Characteristics, and the Buying Power of the Target Market […]
HOW TO WRITE A MARKETING PLAN Writing a marketing plan helps you in four ways: It forces you to sit down and evaluate your business. You need to take the time out to check on how well your business is doing and whether you are missing any significant trend. […]
DECIDING TO START A BUSINESS: DO YOU HAVE WHAT IT TAKES? Setting up your own business can be very rewarding, but there are pressures involved. It is not enough just to have a good, viable idea: you also need to have the right skills and temperament to make the opportunity […]
WHEN A VENTURE NEEDS TO GROW OR NOT TO GROW Some entrepreneurs make the conscious choice to control growth even In the face of extraordinary market demand. This is not to say that growth is slowed to single digits. Instead, the entrepreneur may choose to maintain a stable growth rate […]
HOW TO FUND A RAPIDLY GROWING VENTURE (2) The Sequence of Events in Securing Venture Capital To determine whether venture capital is the right type of funding or for a growing venture, the entrepreneur must understand the goals and motivation of venture capitalists, for these dictate the potential success or […]
HOW TO FUND A RAPIDLY GROWING VENTURE (1) Make no mistake about it, raising growth capital is a time consuming and costly process. For this reason, many entrepreneurs choose to grow slowly instead, depending exclusively on internal cash flows to fund growth. They have a basic fear of debt and […]
HOW PROMOTIONS HELP TO INTRODUCE NEW PRODUCTS A researcher did a study that concluded that TV advertising is not effective in getting people to switch brands. He claimed that TV ads just reassure people about the products they are already buying. While that is certainly a pessimistic view of TV […]
