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1. Not proving that you have the management expertise to make it happen.
The quality of your people will lend credibility to your ideas and even to your financial projections. If your management team is not as strong as it could be, join forces with a great board of advisors.
2. Not demonstrating where your revenue will come from - what customers pay you and
why they pay you.
Don’t be too aggressive in setting revenue projections or you will undermine your credibility.
3. Not proving that your business model and long term cost structure is good enough to make a real profit.How will your
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A plan for your small business is useful if you want to focus yourself and get an overall picture of what you have to do in order to build your enterprise. On top of that, a good business plan is an absolute must if you want to convince institutions or individuals to loan money or invest in your business. One way to organize your business plan is to compose it like an informative news article, explaining the "who," "what," "when," "why, and "how" of your business.
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In our blog post each Sunday, we take a step back to focus on “The Big Picture”. This blog post serves two purposes:
1. To help our new users get oriented and learn what PayBox is all about.
2. To help our existing users stay up-to-date and focused on our goals as we continue to develop the PayBox service.
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Marketing planning aims and objectives
Behind the corporate objectives, which in themselves offer the main context for the marketing plan, will lie the "corporate mission," which in turn provides the context for these corporate objectives. In a sales-oriented organization, the marketing planning function designs incentive pay plans to not only motivate and reward frontline staff fairly but also to align marketing activities with corporate mission.
This "corporate mission" can be
thought of as a definition of what the organization is, of what it does: "Our business is
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Apple had a lot of big numbers to share during
their Q1 2011 earnings today. And while the biggest unsurprisingly belonged to the iPhone, the iPad numbers are also very, very impressive. How impressive? The iPad business is already a bigger business than Apple’s portable computer business. That includes MacBooks, MacBook Pros, and MacBook Airs. And it’s within spitting distance of surpassing Apple’s
entire Mac business in terms of revenue.
Last quarter, Apple sold 7.33 million iPads. Broken down, they made just over $4.6 billion off of the product for the quarter. That puts it ahead of the $3.69 billion the MacBook business made for Apple during the same time frame.
The iPad actually
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Is this the right programme for you?
Designed for Senior Managers who must deliver highly relevant strategies, this programme takes time out to examine the current challenges facing organisations and leaders within today’s turbulent business climate.
You will analyse the Age of New Visions and New Choices; dissect the 21st Century Challenges - the complex nature of their impact upon the performance of your organisation and employees; identify strategies to boost and sustain the performance of your organisation and employees.
You will
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Published: January 28, 2011
A rooster is crowing, and an alarm clock chimes. “Wake up, wake up, wake up, it’s the first of the month,” the rap song by Bone Thugs-n-Harmony goes. “To get up, get up, get up, so cash your checks and get up.”
Jan Harper of Chillicothe, Ohio, would prefer checks from Social Security. But by 2013, few beneficiaries will receive them.
Immortalized in rap songs, examined in books on inner city life and discussed on
Facebook, the federal benefits check has developed into a social and cultural icon. The checks have generated a “first of the month” economy in some places, as lottery revenue increases and lines at liquor stores and discount retailers swell. And in some communities, the checks serve as security to borrow cars, get a loan or sleep for a few days in someone’s house in hard times, said Sudhir Venkatesh
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The goal of business management is to create wealth for business owners by providing some value that consumers need. The process of business management involves
* Researching the market for profitable business opportunities,
* Developing strategies for marketing management, operations management, financial management and human resources management, and
* Implementing the strategies through planning, organizing, motivating and control.
Long-term survival requires that businesses be managed in a responsible and ethical manner by addressing environmental issues and employee career goals. There is also the issue of complying with the law of the land.
Business management topic at Suite101.com aims to cover all the issues involved in business management.
Latest articles in Business Management
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When change is imposed (as in downsizing scenarios), clearly the most important determinant of "getting through the swamp", is the ability of leadership to...well, lead. The literature on the subject indicates that the nature of the change is secondary to the perceptions that employees have regarding the ability, competence, and credibility of senior and middle management.
If you are to manage change effectively, you need to be aware that there are three distinct times zones where leadership is important. We can call these Preparing For the Journey, Slogging Through The Swamp, and After Arrival. We will look more carefully at each of these.
The Role of Leadership
In an organization where there is
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Managers often make the mistake of assuming that once a change is started, that employees will see that it is going to take place, and get on side। This is rarely the case। Because change causes fear, a sense of loss of the familiar, etc।, it takes some time for employees to a) understand the meaning of the change and b) commit to the change in a meaningful way। It is important to understand that people tend to go through stages in their attempts to cope with change। Understanding that there are normal progressions helps change leaders avoid under-managing change or over-reacting to resistance।
As we go through the stages, you will probably find many similarities with the process a person goes through with the loss of a loved one.
Stage I: