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Process Strategic Planning

Having witnessed this lack of positive plans or programs created, far too often, during my over three decades of identifying, qualifying, developing, training and consulting, to over a thousand individuals in positions of leadership, as well as facilitated Board and organizational strategic planning sessions, I feel a simplified process, with checks and balances, and quality reviews, is a needed understanding. Here is a some step process to improve the results of strategic plans.

  • Historic/heritage review and consideration: This must not be done as a one-plan-fits-all, but rather must be based on the specific heritage, mission, and vision of the specific group. Begin by understanding the history, and the perceptions of existing members. Understand why the group may, or may not be, considered as relevant, as it once was. Review opportunities taken, as well as missed, and clearly see the ramifications of each action. While great organizations evolve, they know who and why they are, and tweak, as necessary, but focus on their vital vision and mission.
  • Objective analysis-strengths and weaknesses, and ramifications: Every group has both strengths,
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Business Start Up Basics

First, you need to make up a plan and then pick out a couple of things to accomplish each month. Second, you need to  define your short term goals. Yes long term goals are important too, however, remember you want to do this in a years’ time so for now let’s break your goals down into things to do each week and by the end of each month. Also, when you accomplish your goals for the month, be sure to reward yourself with something you like to do. Shopping, movies, hiking, you name it, be sure to reward yourself.  Remember, however, as we discussed when setting up our mock business, you must be sure that your goals are realistic. If you take on too many things to do each month, you will overwhelm yourself, which will eventually lead tofailure. A great analogy here is losing weight. So many people set themselves up for failure bysetting unrealistic weight goals, e.g. I want to lose 80 lbs in 4 months. Not going to happen. So be sure you don’t do the same with

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Reasons Why Business Is Not Profitable

Fear is that thing that stops us dead in our tracks from doing what needs to be done to grow and build a profitable business. In order to be profitable you have to put your big panties and drawls on and play the game the same way the big boys do, IF you want to have a sustainable business. Just scale the game to your size. Here are some other reasons why your business is not profitable.

No Budget

This by all means is my favorite way to generate profit. How does this generate profit you ask? Well simply put, it gives you a point of reference as something to work towards to achieve. It’s setting the flag in the ground for the finish line. See once you set this flag on the ground as to where you are trying to go, it forces you to look at how you are going to get there. Charting this path puts you smack in front of the costs that it will take to get you there which then helps you determine the

Great Business Standards

For me, having my own business is a freedom and a privilege that I was unable to experience in the corporate world. As a business owner, I feel entitled to make my own decisions about how my business should be run. After all, I’m the boss!

Your business should be run the way you see fit. If you have employees, you can of course (if you wish) take their needs into consideration as well. If, on the other hand, you are a sole proprietor like me, having strong standards can go a long way towards keeping you happy and satisfied in your career.

What is important to you? If you haven’t already done so, think hard about this. Make a list of the important things in your life, and base your business standards around them. If maintaining a good balance between your business and personal life is important, create a standard that allows you to stop working at a reasonable hour each day in order to spend time with your family. If going grocery shopping on Wednesday mornings is what you prefer to do, work that into your schedule.

I think you get the gist

Product of Organizational Strategic Thinking

Organizations are always at risk of developing inertia which means they are doing the same things the same way to meet current, rather than future, goals. Plugging along with no vision for the future usually equates to a lack of innovation, uninspired myopic employees and eventually an organization unable to compete well in the marketplace. The business environment is now in a state of constant transformation due to globalization and technology advancements, so organizations that fail to do strategic planning risk failure. However, calling together executives, managers and unit heads and ordering them to prepare a strategic plan is not likely to be successful because they may not know how think strategically.

First Things First

Successful strategic planning requires strategic thinking. People who are able to think strategically can bring new perspectives and contribute a fresh point of view. This is one of the reasons that an organization with a diverse workforce tends to perform better financially. The business has access to new perspectives and new approaches through its employees. Diverse employees are not locked into conventional thinking, so there is a large capacity to imagine new ideas and solutions to future market needs.

The

Benefits Of Business Ethics

Any forward thinking commercial enterprise that is determined to be in the market for a long period will have to employ good moral practices when dealing with clients. This will entail putting in mind the rights of the consumers, employees, and the best interests regarding the society at large. Consumers nowadays are familiar with their rights and the laws that govern the enterprises in regard to their protection; hence, a good relationship with customers will keep them coming back.

Good practices bring forth goodwill from the customers and the public in general. This goodwill earned over a certain period of time can translate into profitability for the company. People will tend to do business with firms that value and are concerned about them. Profitability of an investment translates into the sustainability of that particular investment in the market.

Some of the principles of admirable practices in a commercial environment are trust, respect, open mindedness, community involvement, and maintaining an accounting control. Customers will always want to do dealings with a company they trust for both the quality of services and goods they offer. The trust of the organization will be reflected within its ability to deliver

Info of Business Merchant Account

A business merchant account is the best way to expand your company’s operations and conduct e-commerce without risking too much of an investment. Simply apply for a merchant account the way an individual would apply for a personal credit card. As with individual applicants, a company needs to show a positive credit history and the ability to make payments on a merchant account at present. In addition, it cannot be involved in shady dealings with which the underwriters might not agree. Many lenders will let you apply online, although some charge a fee for this. Often you will get a decision on your application within a day or two. If approved, you can begin making arrangements to accept credit payments in a variety of ways. Pay attention to fees and payment terms. For example, you may be asked to pay 15 to 25 cents per transaction. Or you could have the choice of paying a low overall percentage rate. Some lenders impose minimums, though, meaning you will have to pay a “bottom line” fee no matter how many transactions you make.

Your business merchant account will let you purchase or lease a credit card processor that can

Importance of Good Business Connectivity

Connectivity is an important part of the modern workplace for many businesses and can mean the difference between a slick well oiled workplace and one where problems abound and upload speed and reliability can leave businesses struggling to fulfil their potential.

Good business connectivity can make all the difference to businesses allowing for day to day tasks to be dealt with quickly and efficiently by staff whilst causing the least amount of stress. The importance of good business connectivity is vital in allowing a good upload speed which can be critical if your business often sends important documents to existing and potential clients as well as colleagues as most businesses invariably do. If uploading takes a long time on your servers and your business is impeded by this you could do no worse than to look online for alternative options that could provide you with the upload speeds that you require and deserve.

Business connectivity plays a part in many aspects of a company and a good server can mean that online webinars or business meetings can be used with ease by your business allowing for a company to make the most of the Internet and

Sustainability Products

According to Nielsen research, the second set is nearly 55% of the consumers of the 60 countries that were a part of the research conducted by Nielsen. They are more concerned about the social and environmental impact that the product will have. They are basically the segment who needs to be targeted for the upliftment of the business along with keeping up with the sustainability models. They even check the seal to confirm whether the product is sustainable or not before the purchase is made. As such the products need to be marketed likewise.

There are certain positives of achieving sustainability in business:

  • It helps in boosting up of the reputation of the business. Lately BMW i3 has been getting the dividends for being reputed likewise.
  • As the percentage of the consumers looking for sustainable products are ever rising, it results in increase of sales.
  • Certain companies like Apple Rubber have even managed to decrease their cost of production by going for sustainability initiatives.

Sustainability has been recently seen as one of the most essential marketing tool for apparel companies like Eco-Fashion Trends who has been planning to drive the market only by marketing sustainability over the

Things to Do Fail in Business

  1. You must want to become an overnight success. Isn’t it great to hear about some new product becoming an instant hit? Realistically, most overnight success stories take a lot more than one night of work. Think of any popular brand and think how long it took to create it. Even though things can happen quickly online, it takes a lot of testing and trying of what works for your business.
  2. You must do it all alone. It takes a team effort to make any business successful. Even if you are the only member of your business, be ready to listen to what others have to say, and keep an open mind.
  3. You must be convinced there is nothing new to learn. Even if you are an expert in your area, you will find that succeeding means learning. It is impossible to grow your business without a commitment to learning and improving your skills.
  4. If you think you have to be the cheapest to be the successful, you might be surprised. Price is not the only factor when it comes to making an online purchase. Actually, pricing a product at the right price is an art

Rules for Working at Home

  • If it is easy, it won’t work. If you love what you do, you are more likely to be able to do the work that a small business requires, but it is still work. You have to learn about your business, set it up, and promote it, no matter what it is. You even have to do that with a distributorship or business package. If it is not work, it does not pay.
  • There are no secrets, only skills, strategies and techniques. Anyone promising to tell you Secrets, or teach you Tricks is on the shady side of integrity. There are no secrets, and there are no tricks. There is knowledge, time saving strategies, key bits of information that can transform your understanding from unworkable to workable, and techniques that make the job either simpler or more successful. You need knowledge, tools, and experience. So look for that instead of looking for something that does not exist.
  • If you want to make money you have to work every day. OK, so you don’t have to work EVERY day, but you have to work every day that you reasonably can. That means you have to FIT IT

Keeping Up With Online Business Reading

  • Weed it out – Anytime I find that I am not getting full value for my time from a newsletter, ezine or other informational email source, even though I may be getting some good stuff, out it goes. Chances are that I am either getting or can get the same info through another, more ROI-positive source.
  • Save it for a specific time – I used to waste hours a day stopping to read business-related newsletters and ezines as they came in or as I ran across them. Now, I put aside one day to read it all. This day is set aside solely for reading informational business mail (not client mail) and for a few other business activities that need focused attention. I don’t schedule other business on this day, unless it is unavoidable. This way, I can get caught up and handle all necessary responses without feeling like I’m neglecting my “real” work.
  • Scan, cram and scram – This is the biggie for saving time. Learn to read for overall content and not for word-by-word absorption. This isn’t deathless prose, folks, so there’s no need to suck it in like some unearthed lost volume of Hemingway. Scan any headings

Hidden Value of Customer Co-Creation

What if I told you there’s a better way? The lines between creator and consumer, buyer and seller, author and reader have blurred. If you invite the consumer, buyer, or reader into the creation process it incites ownership.

We all take pride in the work that we do. We want it to be the best that we are capable of and we are rewarded both intrinsically and extrinsically when we have a sense of ownership. Customer co-creation not only incites ownership, but generates a greater “ownership mentality” in your clients. That’s a big win. People proudly display their kid’s “artwork” on their refrigerators. They don’t display the work of the neighbor’s kids. But, if your kid and the neighbor’s kid co-created a finger painting masterpiece you now have two families anxious to display it.

You share context. Each of us has a limited well of experience to draw from. When we share context with others it gives our solutions depth and richness far beyond what anyone is capable of doing in isolation. Diversity of thinking and inputs yields better outcomes. That’s another win.

Co-creation makes for stronger content. When we combine your chocolate with my