The best-laid plans for managing time are always to some extent in the hands of others. Nobody works entirely alone. An unexpected telephone call can throw a day’s plans into chaos. Learn to reconcile other people’s time management with your own. Assessing Work Roles The extent to which you compromise […]
Sometimes interruptions are welcome, but everyone needs to work undisturbed at certain times. Make your working day as productive as possible by discouraging interruptions by colleagues, and reorganizing your office so that you are less visible. Listing Interrupters To reduce the number of unnecessary interruptions you receive, first, draw up […]
It is well worth taking time to set up an efficient filing system – think of the hours you can waste looking for something that has been stored at random. No one filing system is ideal, choose one that is designed to suit the materials you need to store. Organizing […]
Everybody has a natural daily rhythm to their energy patterns, rising to peaks of mental and physical performance, then experiencing troughs of low energy. Become familiar with your personal rhythm so that you can work with rather than against it. Timing Tasks It is important to allocate the most demanding […]
Long-term personal and professional goals are essential when it comes to setting overall targets. But in the short term, a personal goal, such as starting a family, may take temporary precedence over long-term aims such as running a business. Setting Goals Write down all your goals and then divide them […]
For a manufacturer, the location site choices narrow significantly. Communities have zoning laws that limit manufacturing companies to certain designated areas away from residential, retail, and office commercial sites to reduce the chance of noise, odor, and pollutants affecting the citizens. Often these areas are known as industrial parks […]
The Trade Area The Trade Area is the region from which the entrepreneur expects to draw customers. The type of business will largely determine the size of the trade area. For example, if a business sells general merchandise that can be found almost anywhere, the trade area is much smaller; […]
Financial Incentives Most community governments are faced with cash needs that go well beyond the tax tolerance level of their citizens; consequently, they work diligently with economic development agencies to attract new business – and the accompanying tax revenues – into the community. One of the ways they attract […]
Finding The Appropriate Business Site If a new venture cannot operate as a virtual organization, a significant part of the organizing process is finding an appropriate site for doing business. Most people are familiar with the three key factors for determining value in home sites: “location, location, location”. Similarly, the […]
Forming a Network of Strategic Alliances in a Virtual World Another way in which virtual companies become more flexible and responsive is by forming strategic alliances, or teams of businesses, to share resources and reduce costs. These alliances are more than sources of capability for the entrepreneurial venture; they are […]
