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As the cost of new technologies plummets, even small manufacturers can turn.
As the first indicator of profitability, a firm's gross margin will establish the goals that will drive the action plans of almost every department. The second indicator, Operating Expenses, should be assessed just as carefully.
Performance standards will be of little value if the entrepreneur never measures actual performance against the standards. Ongoing measurement assures that a business stays on track.
Swapping services between entrepreneurial ventures may not be new, but it is big -- with current reports showing 400,000 firms generating $9 billion of bartering activity in the U.S.
Disaster planning is one task entrepreneurs may not undertake when their businesses are going smoothly. A well thought-out, well-rehearsed disaster plan can be an invaluable tool that allows a company to recover more quickly.
This entrepreneur and her partner outsourced its contact list to save time and money in designing and sending out an electronic newsletter. She cites three service features that made the cost affordable, the process easy, and the impact on their business remarkable.
When opportunity costs are figured into the cost-benefit mix, outsourcing even non-core functions can become strategic. How much faster could you grow your company if you spent more time leveraging your strengths? This article explores the cost effectiveness of the practice and offers valuable tips for getting started. Key: Choosing the right tasks and the right partners.
Entrepreneurs who outsource assignments must choose contractors who know their industry and specify what they expect from them, says the founder of a consultancy.
When an entrepreneur discovered his business partner had caused potential problems in their company, he realized it was critical to establish a legal strategy that would help save his company and his livelihood.
Discover the importance of planning and documenting processes--what we do, procedures--how we do it, and policies--why or when we do it.
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