Business Plan Database

November 26th, 2015 — 02:40 am
If you're looking for a new product to sell , whether it's your first product or just something to complement your existing product line, don't think in terms of the product! Instead, find a niche you can fill that is not currently being served. Do a little research and find out what people are buying a lot of and find a way to create a better product or one that provides benefits not easily found in the market. It can take a great deal of money and lots of time to develop a market. It's much ...
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Word of Mouth Marketing Tools (Part Five)

November 25th, 2015 — 02:42 am
Database Almost every business should have in place a structured, organised, systematic and easy to use customer database. Define clearly what information you need to record from your customers. Gather accurate customer data, capture it consistently and update it at least weekly. Then put in place a systematic contact strategy with your customers. This will vary from business to business but, as a rule of thumb, 'A' customers should be contacted at least 6 to 11 times per year, 'B' customers ...
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What Makes A Successful Home Business Entrepreneur?

November 24th, 2015 — 02:42 am
Studies have shown that successful entrepreneurs and home business owners possess the following characteristics. Do you? 1. Do you have Self-confidence? This is the magical power of having confidence in yourself and in your strengths and abilities. This isn't bravado or braggadocio but an unshakeable belief in yourself. 2. Are you Achievement Oriented? Results are gained by focused and sustained effort. You concentrate on achieving a specific goal, not just accomplishing a string of unrelated ...
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Breaking Business Plans Down to Smaller Steps

November 23rd, 2015 — 02:42 am
Most of us know what a business plan is. We know that it includes product information, marketing strategies, financing, facilities and a customer profile. Yet how many of us know that the comprehensive report is just a piece of paper without the commitment of the owner? That's right it is "garbage" without strong psychological traits that help to adhere to the plan. A business plan changes depending on the personality strengths of the owner. Within the business plan it is beneficial to map out ...
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Decision Making--Business Management

November 22nd, 2015 — 02:57 am
Decision Making--Business Management By ElmerFizz Traditionally, decisions are made at the "top" of an organization and communicated to those "lower down" while feedback on the effectiveness of the resulting actions is sent back to the "top". We can see this pattern in all aspects of life, from our relationship with our parents, through our education, and on into our working life. However, in business such a hierarchical structure is not always an advantage. ...
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A Beginner's Guide to Affiliate Marketing TES

November 21st, 2015 — 02:39 am
The dawning of the cyberspace era is at hand. The genesis of artificial intelligence is upon this particular moment in history as everyone in the industrialized world goes about utilizing one of the most sophisticated tools mankind has ever created.Who, in this day and age, does not know about computers? They are machines capable of controlling operations expressible both in numerical and logical terms. The complex components used by these devices are the ones which enable them to carry ...
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Writing Your Business Plan

November 20th, 2015 — 02:37 am
Writing a business plan can be quite a difficult task for individuals new to the world of entrepreneurship. However taxing this task may prove, it is essential for the development and success of the business. When beginning your foray into developing your own company, be sure to put great thought and effort of the planning and writing of this groundbreaking document. This plan will remain with your company throughout its life as a reminder of the company's goals and aspirations. If you find ...
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Business Exit Strategy

November 19th, 2015 — 02:34 am
After a few years, you might find yourself with a successful home business. After a few more, you might find yourself sick of it and ready to retire, only to realise that you have no idea what to do with the business and all the customers who rely on you if you take that course of action. Here's what you need to do to get out of your business without destroying it, and come away with a good nest egg. Exit Strategy refers to how you will leave your business. Some business people plan to take ...
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Managing Risk in your Business

November 18th, 2015 — 02:34 am
A very important factor in any business is how you manage risk - yet it is a factor that is often ignored by home businesses. The balance between risk and reward is the very essence of business. You have to take risks in order to generate returns and, generally speaking, higher returns involve greater risks. In a world of increasing complexity and uncertainty, companies must manage risk more rigorously then ever. It is an essential aspect of good corporate governance today. To manage business ...
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Improving Your Social And Business Networking

November 17th, 2015 — 02:41 am
Social networking is not a new phenomenon - people have been meeting together for centuries as a way of expanding their friendships, increasing their sense of community, and establishing new business relationships. And even in the last half century neighborhood or city-based networking organizations have arisen such as the Lions, Kiwanis, and Elks clubs along with those dedicated to pure networking like Business Networking International and LeTip. But it wasn't until a website called sixdegrees ...
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