HOW TO CREATE EFFECTIVE PROGRAMS TO IDENTIFY PROSPECTIVE CUSTOMERS (PART 2) The greater the demand is for your company’s products, the less effort your company will need to make to find new customers. But if your company has just started to do business, or if its products are new or...
HOW TO CREATE EFFECTIVE PROGRAMS TO IDENTIFY PROSPECTIVE CUSTOMERS (PART 1) The greater the demand is for your company’s products, the less effort your company will need to make to find new customers. But if your company has just started to do business, or if its products are new or...
STEPS IN THE RISK MANAGEMENT PROCESS FOR SMALL BUSINESSES Risk management involves identifying, analyzing, and taking steps to reduce or eliminate the exposures to loss faced by an organization or individual. The practice of risk management utilizes many tools and techniques, including insurance, to manage a wide variety of risks....
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...
THE ALTERNATIVE OFFICING TREND Hoteling is a form of “alternative officing” which allows employees who travel on business or work flexible hours to reserve desk space at the employer’s offices as needed, rather than maintaining a permanent work space there. This allows the employer to make more efficient use of...
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...
SETTING UP A TEAM: SETTING GOALS What is your team for? The question may sound obvious, but time spent at the beginning of a project in defining team objectives is crucial to a successful outcome. Make sure that you have clearly established the issues that the team needs to resolve....
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...
SETTING UP A TEAM: PROVIDING SUPPORT FOR A TEAM A degree of independence is essential in successful teamwork, but few teams are able to stand completely alone. Nurture good relations and support systems within your organization that satisfy both your team’s needs and corporate requirements. Providing Basic Support Most teams...
HOW TO MATCH A TEAM TO TASK There are numerous types of team, formal and informal, each suited to fulfilling particular tasks. Team leaders need to understand the objectives and goals of their team clearly in order to match tasks to the most appropriate style of team. Formal Teams Formal...
