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Digg it UP - I Don't Need a Business Plan-Do I?
In my travels visiting different businesses I am amazed at the various different ways that companies have of treating their staff. Each culture has its merits, but some are nearly impossible to live with. Which culture does your business utilize?------------------------------------------------------------------------------------------------------------Work hard & don't have a good time: People in your business are there for only 1 thing; work. They are not there to socialise, romance or have a good time. They receive the legal requirements & no more in relation to holidays, pensions etc. Due to this rigid culture, staff do not interact & new ideas are not forthcoming. They
A few weeks later, David opened his shop for business. What a day that was. He’d been too excited to sleep the night bef
Pssst, want a stock tip that will make you rich? Okay, here it is: phone a public corporation and ask to speak with the CEO.If a secretary tells you that the CEO expects to be busy in meetings for the next six hundred years, call your broker and sell the stock short. Any company unable to manage an activity that should last an hour is on its way down the financial tubes.Although it’s true that senior executives spend much of their time in meetings, you can bet that a business is in trouble if their meetings are out of control.Surveys show companies waste an average of 20% of their payroll on bad meetings. And that’s just the beginning of the problem. Meetin
David’s smart. He’s got a memory like a steel trap. And he’s ambitious. He wants to start a small mechanic shop with the inheritance his dad left him, and he’s been very busy trying to get it started. But he’s also young and in a bit of a hurry. The way he sees it, he doesn’t need a business plan and anytime he’s asked about it he just taps his head and says, “I don’t need one. I’ve got it all up here.” Besides, he likes freedom. He’s a fly-by-the-seat-of-your-pants kind of guy. He doesn’t want to be tied to what some piece of paper says.
His mother-in-law, Ellen just shakes her head. She’s owned a bookkeeping service for the last twenty years, which she started because she wanted to be able to stay home when her kids were small. But David thinks, of course she’d see it that way. She’s a bean counter and everyone knows how they are about details. Besides, he’s already let her talk him into incorporating his business. The way he saw it, he didn’t need to waste his money on it, but it was done. No way was he going to waste any more money on getting a business plan.
A few weeks later, David opened his shop for business. What a day that was. He’d been too excited to sleep the night befo
Born in Tokyo, Ken's upbringing was very traditional. His parents ran a small printing business and he was a studious child. Always eager to learn and to experiment with toys to see how they worked.After graduating from High School. he went on to University, where he earned a degree in Electronics. He was hired by Sony and immediately went to work in their digital Research labs, where his love of thinking ahead and excellent problem solving skills helped him to give sony a strong early market share with LCD displays and also digital cameras.In the late '80's, Ken was watching his young daughter play a Famicom console at home and realised that his company could get into the
David’s smart. He’s got a memory like a steel trap. And he’s ambitious. He wants to start a small mechanic shop with the inheritance his dad left him, and he’s been very busy trying to get it started. But he’s also young and in a bit of a hurry. The way he sees it, he doesn’t need a business plan and anytime he’s asked about it he just taps his head and says, “I don’t need one. I’ve got it all up here.” Besides, he likes freedom. He’s a fly-by-the-seat-of-your-pants kind of guy. He doesn’t want to be tied to what some piece of paper says.
His mother-in-law, Ellen just shakes her head. She’s owned a bookkeeping service for the last twenty years, which she started because she wanted to be able to stay home when her kids were small. But David thinks, of course she’d see it that way. She’s a bean counter and everyone knows how they are about details. Besides, he’s already let her talk him into incorporating his business. The way he saw it, he didn’t need to waste his money on it, but it was done. No way was he going to waste any more money on getting a business plan.
A few weeks later, David opened his shop for business. What a day that was. He’d been too excited to sleep the night bef
If a tree falls in a forest and no one is there to hear it, does it make a sound? This rhetorical question that has provoked thought for many years applies nicely to the quest for publicity. The first step to getting publicity is announcing yourself, or making the tree fall, and a professional and affordable way of asking the world for attention is the press release.With the rise of the internet, press releases have become even more useful than they used to be. The internet provides a colossal means of distribution that goes beyond the press releases of the old days that were seen by media professionals who monitored newswires. Now, in addition to newswire services, press releases
His mother-in-law, Ellen just shakes her head. She’s owned a bookkeeping service for the last twenty years, which she started because she wanted to be able to stay home when her kids were small. But David thinks, of course she’d see it that way. She’s a bean counter and everyone knows how they are about details. Besides, he’s already let her talk him into incorporating his business. The way he saw it, he didn’t need to waste his money on it, but it was done. No way was he going to waste any more money on getting a business plan.
A few weeks later, David opened his shop for business. What a day that was. He’d been too excited to sleep the night bef
There are criticisms about Six Sigma which say that the methodology is an elitist technique. Through all this, Six Sigma has proven itself to be a highly effective management tool. Most of the incidences of roadblocks to Six Sigma have come from external sources. In the rare events of its failures, they are ultimately determined to have been caused by improper training of belts or Master Black Belts, not because of system errors.How the Business World Looks at Six SigmaSix Sigma is looked upon as a strategic business tool in the business circles, notwithstanding what others would like to think. However, it is regarded as the ultimate tool of improvement and profitability, a
His mother-in-law, Ellen just shakes her head. She’s owned a bookkeeping service for the last twenty years, which she started because she wanted to be able to stay home when her kids were small. But David thinks, of course she’d see it that way. She’s a bean counter and everyone knows how they are about details. Besides, he’s already let her talk him into incorporating his business. The way he saw it, he didn’t need to waste his money on it, but it was done. No way was he going to waste any more money on getting a business plan.
A few weeks later, David opened his shop for business. What a day that was. He’d been too excited to sleep the night bef
Time tracking is the act of tracing out the time spent on each activity in a particular period of time. With so much pressure on time these days, time tracking and management has become absolutely necessary. Though time tracking was initially just a method for keeping track of the way employees use their time, today it is a major program that is used for several other things like: payroll processing, employee productivity, revenue management, client management, invoicing, database management and project management.Employee time tracking was first done using simple time cards or punch cards. Employees had to punch in their cards, when they came in or out, into a machine that would
A few weeks later, David opened his shop for business. What a day that was. He’d been too excited to sleep the night before, and it ended up being an awfully long day because he didn’t have any customers. Not a single one. He’d spent the day cleaning the shop and organizing his tools and sometimes just staring at the phone, trying to will it to ring. Oh well, he thought, what can I expect? The shop’s brand new and nobody knows about it. Someone will call tomorrow. By the end of the week, with no calls except from friends and family (who he was beginning to suspect his mother-in-law had told to call), he was starting to worry. He was also starting to run out of cash.
He barely scraped together the cash for his lease at the end of the sixth month. He didn’t think owning a business would be this expensive. Besides, he’d figured he’d have lots of customers by now, but the truth of it was he didn’t have enough to keep him busy for even half a day. David decided he’d better go see his banker. It shouldn’t be too be much of a problem to get the money, he figured. He had a good credit rating.
When the usual “how are you, I’m fine” was over, David got right down to business. He didn’t need much money. He figured $10,000 should do it. “Sounds good,” Shaun said when he was done talking. “Let’s take a look at your business plan.” And when he said, “Oh I don’t have one. I’ve got it all up here,” she smiled and said, “We need to have one before we can proceed with a loan. Come back
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