It’s generally not worthwhile to advertise a credit counselling business on radio and TV, unless you do so, on a ‘per inquiry’ basis.
After any free radio and TV talk shows, and newspaper feature stories about your business, the next best method of spreading the word about your business will be via the guest speaker route [...]
Posted in Info | Tagged Business, counselling, credit, great, strategy
Software solutions are important assets in your business and it is important that you invest wisely into assets that will have a long and useful life with a firm that will be there to meet your needs as your business grows and changes. Beware of the following traits in software consulting firms.
The “Proprietary Software Platform”
This [...]
Posted in Info | Tagged avoid, consultants, software, to
Strategic plans only help organizations when they are kept active and implemented. The strategic plan defines the business direction. That direction is based on the future, the vision of the company. Before an effective strategic plan can be developed a clear and compelling vision is needed. Visions are optimistic, the ideal [...]
Posted in Info | Tagged consistent, implementation, improves, planning, Results, strategic, with
Business owners, entrepreneurs and managers deal with a wide array of overwhelming responsibilities. Unfortunately, part of these responsibilities don’t involve the commitment of building the business, because they are so focused on having to balance books, reply and send out emails, answer the phones, maintain detailed spreadsheets and so much more.
Especially, in the start of [...]
Posted in Info | Tagged assistants, Best, businesses, for, happen, Internet, since, the, thing, to, virtual
Simply put, Business Process Outsourcing is getting another company to handle some of your activities for a payment. The concept made its way into the corporate world in the 1980s. Initially, payroll functions were handed out for outsourcing. Then companies included the management of employee benefits for outsourcing. It is now common place for [...]
Posted in Info | Tagged about, Business, Outsourcing, process
The text book definition of “sunk costs” reads something like this:
Sunk Costs: Costs that were incurred in the past that cannot be recovered and thus are irrelevant for decision making.
Well most costs are incurred in the past so that part of the definition is not all that helpful. More central is the idea of recoverability. [...]
Posted in Info | Tagged assets, costs, little, Market, no, or, sunk, value, with