flag

Process Strategic Planning

access_timePosted on by Margareth Law

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,
view full post »
flag

Business Start Up Basics

access_timePosted on by Margareth Law

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

view full post »
flag

Reasons Why Business Is Not Profitable

access_timePosted on by Margareth Law

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

view full post »

Incorporating Your Business

access_timePosted on by Margareth Law
  • Hiring an attorney: This option costs the most but requires the least effort on your part. You tell the attorney that you need your business incorporated or need an LLC, and you’ll soon have one. Any attorney that is fit to hold a license should be able to do this with no problem. If there is a problem, then you can always sue them for malpractice.
  • Hire an online incorporation company: Hiring an online incorporation company is the most common path. It costs less than hiring an attorney and your company will be just as legal. You’ll have to learn a bit more, like what is a registered agent and do you need to pay $125+ per year for it. All incorporation companies perform the same basic service of complying with state law to form a business entity. The major differences are price and whether you can order services individually or must take a more expensive package.
  • Do it yourself: It is possible to form an LLC yourself by filling out what are called Articles of Organization. A legal LLC in any State requires the filing of the Articles and payment of a registration fee to the State. The
view full post »

Energy Management System

access_timePosted on by Margareth Law

Need Of Energy Management System:

  • The data obtained from these can be used to produce a trend analysis for daily, weekly, monthly and annual energy consumption forecasts relative to other parameters such as production and services, etc.
  • EMS offers innovative remote access to key data for energy consumption in different locations and allows energy consumption by type of equipment, store location, fuel type or time of day and offers opportunities for energy savings.
  • Installation and implementation of energy monitoring and analysis
  • Energy management system leading to the IS 50001 as EMS program, EMS executing program, internal audit program, and team leading the organization to certification.
  • Provide training on the energy management system for senior, middle and junior managers in the organization for the awareness, implementation, and program of internal auditors for skills building.

EMS brings a wide range of experience in the energy management project for your benefit. Our specialist in software and advanced Internet applications ensures that the works for you. Our hardware supports smooth and accurate data transfer. We prefer win-win situations. EMS improves energy and improves overall performance. Energy savings will help reduce your carbon footprint.

Facilitate the management of energy use in the building or

view full post »

Tips to be most successful in the Event Industry

access_timePosted on by Margareth Law
  • Always consider interest/objective of the client first. Beyond your needs and situation at any cost.
  • Be honest to your team and supply chain. Use and throw theory are shortcuts. They will not lead to a sustainable success. You need good partners internally and externally.
  • More than profits, creditability is long lasting.
  • You are unique, your company is unique, then there is no need to copy anyone. Be yourself. Make your own unique identity and not a copied one.
  • Show-off is like a bubble. It will burst. Accept and show only what you are and do not try to show what you are not. Because you will have to go on dragging yourself and resources to live up to your show.

Online Consulting Business

access_timePosted on by Margareth Law

Numerous representatives, who are not feeling good in their consistent employments, are progressively moving towards internet counseling business, as this gives them the opportunity to work the way they like with much higher wage. And afterward, there are the mothers and fathers, who are unsatisfied with their day employments, and are selecting web based counseling so they can invest more energy with their families, while they telecommute.

With enhancing advances and inventive business methodologies flying up, the requirement for a business expert was never more felt. The internet counseling industry is thriving with each passing day, as an ever increasing number of business visionaries need specialists to help erect an effective business. Generally business experts are given the errands to help set up a business, present change plots in existing organizations, and overseeing and working databases.

More or less, the occupation of a specialist is to give proficient exhortation and administrations to the individuals who look for his offer assistance. For the most part, a business advisor has mastery in a specific field, which empowers him to offer suggestions to enhance the customer’s business. It can be contrasted with preparing another worker to profit by his

view full post »

Build A Strong Foundation

access_timePosted on by Margareth Law

Start off by taking a good hard look at your organizational chart. Are there measurements in place at each level that are satisfactory in proving performance? If not, take a moment to establish what is important to the organization, customers, and you in each area. Create measurements that will be regularly reported to you so you can monitor performance areas. I suggest creating the measurements in collaboration with the individual responsible for reporting to ensure that the specifics of the calculations meet your goals. If possible, perform historical measurements to show a history of years, months, and/or weeks. Make sure you include a trendline and are able to note occurrences that lead to sudden increases or decreases in productivity.

Once measurements are in place, analyze the roles of individuals and ask yourself: is this position necessary in this format or can we make improvements to individual responsibilities for efficiency? If you are overstaffed, address this immediately. If you are understaffed, work to hire and train suitable staff and show a minimum of three to six months productivity up to your standards prior to moving forward with your growth plans.

This is also a great opportunity to identify individuals from your succession planning resources

view full post »

Stock Tips For New Investors

access_timePosted on by Margareth Law

BSE is the Bombay Stock Exchange which was set up in 1875 as ‘The Native Share and Stock Brokers’ Association. It is the principal stock trade to be built up in Asia and is one the biggest trade bunches in India. It positions at the tenth position among the biggest stock trades on the planet. The Bombay Stock Exchange has turned out to be an effective stage for raising capital for the corporate and mechanical part in India.

The BSE is a demutualised and corporatized substance and has a vast base of investors which incorporates the Deutsche Bourse and the Singapore trade. These are two of the main stock trades of the world and are vital accomplices of the BSE. The market for exchanging gave by BSE is exceptionally effective and straightforward. It enables individuals to exchange obligation instruments, value, shared assets, subsidiaries and so forth. It likewise empowers individuals to exchange the values of little and medium measured associations. The BSE is the world’s main stock trade as far as the quantity of recorded organizations which remains at 5000. These organizations have made the BSE the fifth most dynamic trade on the planet with regards to

view full post »

7 Places to Look for a Small Business Mentor

access_timePosted on by Margareth Law

Are you a small business owner in need of a mentor? The good news is that no matter you need mentoring advice for your day-to-day business affairs, long-term strategies or unique situations, you have more than one option. Let’s move forward to discover them, as well as find the most reliable and affordable ACH eCheck services.

Small Business Mentoring &ACH eCheck Services You Need

Mentors can help assess your current business activity, develop skills and perspective to reach success in your field. Research reveals that 70% of mentored small businesses live in their 1st 5 years. This represents almost twice the rate of non-mentored businesses.

Your success is also based on what merchant services provider you’ll choose to work with. With a true expert, you can be sure to enjoy the most secure and cheapest merchant services, including ACH eCheck services.

By the way, it’s important to figure out your pain points before turning to a mentor for advice. Let’s see where you can find them:

  • SCORE: this organization offers free advice and mentoring to companies of any type.
  • Chambers of commerce and industry and professional associations: this way, you
view full post »

Info of Finding Employees

access_timePosted on by Margareth Law

Fortunately, there are a number of services and methods available that can make an employee search much simpler.

Of course, one of the most popular methods for recruiting employees is to use the traditional help wanted poster and classified listing. It should be noted; however that this method really only works well if you have a traditional storefront with a brick and mortar building. In addition, you should be aware that with this type of employee search you are generally only going to receive the most general and traditional recruits. While this is a reliable, and free, method for finding employees; you are much more likely to attract applicants who are unqualified and who may have questionable work ethics.

Public services can make the process of finding good employees a little easier without spending any money doing it. This is because each state has an employment service office that can help you with your employee search. These offices are often referred to as the ‘unemployment office’; a nickname most states would like to do away with. In reality, these offices are affiliated with the United States Employment Service and Department of Labor. They can help you

view full post »

Blind Spots of Strategy Execution

access_timePosted on by Margareth Law

The strategy that is not a strategy

The strategies defined are often reminiscent of amorphous vision à la “to be the most respected and successful company“; goal setting exercises along the lines of “to increase market share by growing faster than the market through introducing new products“; and so called strategic objectives more akin to long to-dos list. Complex power point slides, full of buzz-words describing blue-sky objectives, usually skip over their impracticability or the fact that no one has a clue as to how to get there.

Instead, a strategy should figure out which purposes are worth pursuing and capable of being accomplished – in other words, it should be about choice and focus. To achieve higher performance, leaders must spot the relevant trends, identify the strategic issues that will have the greatest impact on future business performance and define the resulting critical challenges. They then develop a coherent approach to overcome those challenges.

A good strategy thus becomes a bridge between challenge and action. It is short on vision, long on tough-minded analysis, policies and actions identifying the 5 or 6 insightful and actionable things that the business needs to do, to deliver substantially higher performance.

view full post »

Simplicity As a Business Strategy

access_timePosted on by Margareth Law
  • Problem #1 – The Gee Whiz Company sees profits slipping. The call goes out for innovative, creative solutions. Rather than pausing to realign and reaffirm the company’s vision, goals or mission, managers propose more steps, whiplash changes, or faster action.

Solution – Adding something in the name of improvement isn’t always the answer. Remember the KISS axiom, about keeping it simple? Sometimes removing a step, simplifying a process or dialing back the pressure results in greater workflow and greater buy in. Your workforce recognizes and values common sense and revels when they realize that the executive suite values it too.

  • Problem #2 – The Do It Today organization was in a scramble to replace a valuable high level manager that was retiring. The group was stuck in the “How will we ever replace her?” mindset. They were quickly complicating the process by assuming they couldn’t find anyone to match up to the previous employee.

Solution – Instead of overloading the wish list for the new candidate, utilize tools and assessments to identify the skills and attributes of the outgoing manager, then look for those same attributes in potential hires. This helps remove the emotional aspect

view full post »