Archive for the ‘Management’ Category
Touchstone Management
July 6th, 2010 | 
Author: How do you measure success?
In business, there is only one way. You measure the success of the business with its touchstone.
Think of a builder who uses a plumb line. What’s the purpose? To see if the targeted idea of having the building remain upright has a chance of success.
To have the chance of success, the builder needs something to measure his work by, hence the plumb line.
But what is the plumb line — or touchstone — for measuring the success of the business overall?
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Managing For Success
Why do so many small businesses fail? Here are some suggestions how to avoid failure.
It is not always easy to balance theory and practice, yet that is the challenge of business. At the end of the day, we may theorize as much as we like, about prices, markets, the quality of our goods, or our selling skills. But if our business is to survive, we must take our theorizing and fuse it with practical realities.
Management as a necessary practice in every business, but especially small business. If a business has grown beyond a certain size it has already learned that management in some form is essential. What smaller businesses need to realize is that management is the key to growth and without it the business is usually
retarded.
5 Common Mistakes in Starting a Business
Being self-employed is the dream of many. But as one self-employed person quipped, “I used to work for a boss; now I work for a tyrant.” Or, as another put it, “When you’re self-employed, you’re the first one hired and the last one fired.” That’s true, but you may also be the last one to get paid. Undaunted, people launch themselves in various self-employment projects.
In recent years, the choice of self-employment has not been an option; it became an imperative as business after business has shed its workers for a variety of reasons. In the midst of the business down turn, Read the rest of this entry »