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Strategic Planning
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How a Custom Wall Map Can Help Your Business
You gotta know the territory! That's what all the salesmen sang as the train headed for River City in the hit musical The Music Man. A wall map or map mural helps your sales force, delivery staff and customers see the territory and know the territory.
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Your Business or Your Life - Why Not Both?
Bring LIFE into the strategic planning process Face it – you didn’t go into business for yourself to give up all semblance of the life of your dreams! You had a great idea and/ or wanted to be your ...
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10 Ways to Increase Your Profitability
Profitability is as dependent on cutting costs at it is on increasing sales. As financial advisors, we are often called upon to assist management in reducing costs and finding alternatives to their unique situations. We have outlined below ten areas that all business owners should examine when attempting to implement cost-cutting strategies.
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Consultants Help Fine Tune Your Business Performance
Management and business consulting grew rapidly in the 1980s and 1990s with industry growth rates of 20%. Consulting is highly cyclical and is sensitive to general economic conditions. The consulting industry declined between 2001 to 2003, but has been experiencing some growth since.
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Trade Up or Trade Down for Business Success
In an age of mass differentiation and low cost chic, there has never being a worse time to be stuck in the middle. Consumers are abandoning mid-range products in their droves, often opting for cheaper alternatives and saving up to buy the occasional luxury.
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BVI - New Memorandum & Articles of Association for Old
On 1 January 2007 all BVI companies formed under the Old Act (International Business Companies Act (Cap 291)) will be automatically re-registered under the New Act (BVI Business Companies Act 2004). There is an opportunity to re-register under the New Act during 2007. This means that it will be necessary to consider adopting new Memorandum and Articles of Association
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How To Prepare A Business Plan
Firstly, let's define a small business plan. A small business plan is a summary of how a business owner, manager, or entrepreneur intends to organize an entrepreneurial endeavor and implement activities necessary and sufficient for the business to succeed. It is a written explanation of its business model.
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Business Market Research and Planning: What Size and Composition is your Market?
Many businesses have difficulty defining their market by size and composition and so their marketing and sales planning is ineffective. By analysing what you know about your customers, finding what industry bodies know about your market and making intelligent guesses, you can plan how to target your marketing and sales effort to get the best return and satisfy the most customers.
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Restaurant Business Proposal
How important is a business proposal? For one, it gives you a head start in starting up your desired restaurant business. You see, before the bank or the lending company will give their nod of approval for your proposed loan, you have to actually convince them first that you deserve the money. Without it, you wouldn't have enough startup capital to buy the much needed equipment and supplies and pay your expenses, such as salary to your employees and advertising costs. Yet how do we exactly go about the business proposal? Consider the following suggestions:
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What Can Be Said About Business Formulas, And Should We Use Them?
Every business, large, medium or small, should employ business formulas and ratios as barameters of where the business has been, is now, and will be in the future. Statistical measurements can measure whether or not the business is on course. If not, such measurements can determine what significant subjects and changes need to be identified and implemented.
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