Business Strategy - Essential in Getting Ahead of Competitors

Companies need a sales strategy to go up above their competitors. However, the formulation and the planning of the strategy for the business need some goals as basis.Have Goals in MindIt is very important to state the goals of business first. The business must state its long and short term goals. With this, a business strategy can be formulated. Strategies...

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Seven More Tips for Business Success

Consider the following ideas for saving time and money and making your business more profitable.1. Develop tight controls over billing and collections. To speed up cash flow, reduce the time between shipping your product and sending an invoice. Consider semi-monthly instead of monthly billing, and send second notices more quickly.2. Collect past-due...

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The following areas are keys to the success of any small business:

1. Well-trained and enthusiastic employees2. Appropriate image for the business3. Effective merchandising4. Product selection, turnover, and quality5. Location6. Effective advertising7. Excellent customer service--adapted from Seven Secrets to Small Business Success by Kent J. BurnesPitfallsOn the other hand, there are a number of reasons why businesses...

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Business Success Stories

Talking to Mario BataliChef Mario Batali discusses celebrity, his biggest mistake, and cautions about the possible perils of opening a restaurant in this economic climateAs the owner of 14 restaurants, the author of six cookbooks, and a familiar presence on several TV shows, Mario Batali has entered the rarefied ranks of what is known as the celebrity...

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10 Secrets of Successful Entrepreneurs

How do you know whether you can be a successful entrepreneur, or if you are better off as a salaried employee? While there is no surefire formula for success, studies have shown that successful entrepreneurs share these ten characteristics. Check if you possess any one of them.By Isabel M. IsidroManaging EditorRunning a one-person business is a creative,...

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Want To Be Your Own Boss? Don’t Let Concerns about the Economy Stop You!

Gas prices are soaring. Food prices are up. Unemployment is still relatively low, but the pervasive feeling is that nobody’s job is safe right now. Let’s face it, we’re all a little nervous. But the U.S. economy is a cyclical animal. What goes up must come down. Then, it always goes up again.Despite the flagging economy, a reputable and proven business...

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