Do More With Less: Examine Your Business Processes To Stay Competitive

examine business processesStaff reductions are typical targets for controlling costs in tough economic times. This can be particularly challenging as you attempt to balance responsible fiscal management with fluctuating sales while maintaining customer expectations for quality, support, and customer service. The answer to this dilemma involves embracing a return to basics, i.e., examining your business processes and understanding the role they play in getting your product or service out the door.

Business processes are the means by which work gets done. Many businesses however, view business processes as a “this is how we do it” mentality, rather than a systematic way to understand how work gets done.…

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How to Buy a Small Business Using Creative Financing as the U.S. Economy Recovers

using creative financing to buy a businessThe U.S. economy’s worst recession in the post-war era has begun to turn for the better. Yet, despite the fact that the doom and gloom of the past 20-plus months may be behind us, entrepreneurs seeking to buy businesses still find it difficult to get banks to finance their purchases.

Fortunately, there are a multitude of other options available to business buyers and they center on an entrepreneur’s ability to use creative financing for his or her purchase.

Using Other People’s Money

The vast majority of small business entrepreneurs do not have enough capital to buy a business outright, and banks can present insurmountable barriers.…

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Tips for Managing Remote Worker Programs

managing remote workersSpeed. It is one of the core changes about working. This speed has been written about and studied in many places, but what do we do about the “always on, always connected” and never disconnected situation we now live in? Four tips can help us navigate this remote work environment.

Rob Eleveld at Shiftboard, an online scheduling platform, recently made a comparison between the new workers with the person who volunteers (busy, but able to donate their time) and Carl Lewis, famous Olympian athlete. The point: People are moving faster and need the tools and technologies that let them manage their work lives better.…

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Five Tips For Small Businesses Hit By Natural Disaster

tips for businesses surviving a natural disasterBack in late June 2006, after a lifetime of erroneously thinking that living in the Northeast meant I was immune from natural disaster, I learned that I was wrong when the Susquehanna River flooded its banks and chased me and my family to a mat in the middle school gym.

Looking back, I could nod and agree with all the standard advice about natural disasters but I think it might be more helpful for me to tell you a few things that can help your small business in similar circumstances but that nobody is likely to tell you.

Be prepared. Most of the time, major weather events (such as storms and floods) and certain other natural events (like wildfires) will let you know they’re coming.…

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Growing Pains – Positioning Your Business Now for the Upturn

recovering from the recessionWhat do you see your business doing 12 months from now, when we’re out of the recession and making the upturn?

If you’re like many U.S. businesses, you will be playing catch up to where you were before you cut staff and put projects on hold to reduce costs.

You don’t want to be behind when the economy begins strengthening and coming out of recession. Many companies are going through tough times right now, but the smart ones are positioning themselves for growth so they are ready when the economy recovers.

Four Problems You Don’t Want to Have to Deal With

What happens when companies grow before they have the processes and technology in place to support the growth?…

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Creating Organizational and Individual Accountability In 5 Easy Steps

Creating Organizational and Individual AccountabilityHere’s a five-step process for creating organizational and individual accountability, which will help to achieve extraordinary results in any organization:

1. Establish the organization’s top three objectives. This means the significant few, not the important many. (This is what we at Six Disciplines refer to as Vital Few Objectives- VFOs). Once identified, these vital few objectives must be clear, concise, measurable, obtainable – and assigned to one individual to be responsible for achieving.

2. Assign each of the objectives to a specific team member.

3. Ask each team member what resources he or she needs to win. To help people win, team leaders must remove the barriers or roadblocks that stand in the way.…

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Improve Performance Through Time Tracking

time trackingIf you want to improve performance, or likewise increase capacity or capability, you need to track the one thing that you’ll never get back: time.

In order to improve effectiveness and efficiency, you must understand how your time is being used. With all of the technological advances over the past two decades, we’re continually forced to do things “better, faster, cheaper.” In other words, all of these advances have taught us how to be more efficient.

But – have any of these advances (spreadsheets, email, cell phones, IM, etc.) made us more effective?

The difference between the two?…

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Getting More Out of PPC Advertising: 5 Tips for Optimizing Your Landing Page Now

optimize landing pages for PPC advertisingSo you think you’re ready for PPC management? Fantastic. But before you throw the kitchen sink at it, make sure you are prepared to succeed.

If your company is showing signs of growth, one of the first things to evaluate is the quality of your landing page. While PPC advertising can do wonders for your business by boosting your online visibility, driving qualified traffic to your website, and reducing wasted advertising spending, bidding on keywords and placing text ads in the search engines are not the only steps. Before you go on the hunt for the perfect PPC management firm, make sure you are sending people to a landing page that gives them what they want and makes it easy for them to take action.…

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6 Tips For Buying An Existing Business

tips for buying an existing businessBuying an existing business is a good option because it saves the buyer from hard work establishing a new business and promoting it. Buying an operating business is always considered a way of less risk because it brings a lot of current customers with itself.

So if you are planning to buy a business because of its advantages, then this article is for you. In this article I will discuss some basic things each buyer should think about before making a final decision to buy or not.

1. Assess Your Skills – You should be completely aware of your skills. You should be ready to handle the responsibilities which come with a business.…

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Increase Flexibility and Reduce Costs with Targeted IT Outsourcing

Targeted IT Outsourcing

Are you looking for ways to minimize increases in long-term staffing commitments, yet want to position yourself for growth once the economy recovers?

Outsourcing is a great way to create flexibility while meeting current demands in the organization, particularly in small and mid-sized businesses. (Throughout the remainder of the article I’ll refer to small and mid-sized organizations as SMBs).

In trying to solve current issues, companies may create new issues by turning over their IT department to an outsourcer without oversight, or negotiating outsourcing agreements solely to cut costs. Costs escalate because normal updates or company growth wasn’t included in the contract.…

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