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A business model that aims to consolidate in the fragmented tour-packaging industry must rely on the entrepreneurial owners of the local businesses it acquires, according to the writer. A case is made for developing the people who will build the business, rather than, as is practice for many consolidators, putting them out of business.
In times of crisis people always look for inspirational leaders. What makes for inspiration is subjective, but there is one common element when speaking about leaders who inspire: they have a strong leadership presence.
By presence we mean "earned authority." That is, people follow your leadership because you are a proven quantity, whose credibility rests on your having gotten things done. Every leader must aspire to demonstrate presence in order to inspire; this is a theme explored in a new book, 12 Steps to Power Presence: How Leaders Assert their Authority to Lead.
Risk is the essential element of entrepreneurial life but it can and must be managed if company founders are to build profitable enterprises, writes the author, who has founded companies and is currently a venture capitalist helping others do the same. To control risk, he advises listening to instinct, managing to a plan, and working the financials so that there is enough money to fund the need.
SHANGHAI - The cost of doing business in China is going up.
Coastal Fcatories are raising salaries, local governments are hiking minimum wage standards and if China allows its currency, the renminbi, to appreciate against the U.S. dollar later this year, as many economists are predicting, the cost of manufacturing in China will almost certainly rise.
Started with one Lincoln, limousine service now has more than 30 vehicles.
RALEIGH – On the day her divorce became final in 1990, Carrie Peele charged a total of $15,000 on three credit cards to buy a blue, 1986 Lincoln Town Car.
Peele wasn’t going on an emotional spending spree to boost her spirits. Instead, she was founding a business.
Thus was born Blue Diamond Limousines & Sedans, which provides transportation services to customers ranging from visiting celebrities to out-of-town executives to teenagers on prom night. Back then, Peele was the sole employee, the blue car was the only one available – and it didn’t take Peele long to regret her choice of hues.
If you're ready to sell the business but want to remain on the acquiring company's management team, you'll need a never-having-to-say-you're-sorry contract. This article offers eight indispensable tips for negotiating it.
Carl Behnke's investment of more than 20 years on the board of Junior Achievement is just one example of his belief in giving back.
Entrepreneurial companies can and should take the ethical high road even as major corporations set appallingly low standards for ethical business behavior, writes the founder of a service concern. Included is a look at the company's own core values with respect to its customers, employees, community, and the company itself.
At Jim Berlin's company, interns bring fresh energy and get practical experience.
This negotiations expert provides do's and don'ts for closing a deal. One important set of tactics: going in with all the facts, understanding both parties' wants and needs, and adjusting strategies to succeed.
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