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Hub You - When You are Thirsty, You are Not Going to Argue Over the Temperature of the Water
Recently we asked which was more important: new customer growth or repeat business?The answer depends on your business goals. If you want fast-paced quantum growth, you should concentrate energy on adding new customers. But if your goals are more incremental - if you envision continual year over year growth in the 10 to 20 percent range - booking repeat customer revenue is far easier than
The word “freelance” was first coined by Sir Walter Scott, a renowned Scottish historical novelist and poet, in 1819 when he wrote his novel Ivanhoe, to refer to a medieval mercenary warrior. The term has then shifted into more figurative meanings. In the 1860s, freelance became a figurative noun, and in 1903, it was officially recognized as a verb by etymologists like the Oxford English Dictionar
This seems to be an obvious principle. Yet, many troubled businesses are the result of petty quarrels and disagreements amongst partners and major shareholders. There are also many family-run companies where the family members soured their relationships ruining the business.
Oftentimes, the trouble does not start with the competition or the staff, but arise out of major disagreements amongst the key shareholders. Disagreements can be healthy if they are properly controlled and managed. However, the disagreements can become dysfunctional when they are not properly resolved and allowed to fester. These can result in the break-up of the entire company. For instance, the famous Swedish pop group ABBA was once the largest export revenues for Sweden in the 1980s, however the group broke up and its fame went with it. Also Simon and Garfunkel were very popular pop singer
Each time we throw a scoundrel out of public office we see the problems of disruption in organizational capital and in business we too see this all the time with management turnover, mergers or simply normal attrition. In the Public Sector it can be far worse as one team or staff is not re-elected by their constituents and a team is voted into office.Yet the issues are the same really and i
Oftentimes, the trouble does not start with the competition or the staff, but arise out of major disagreements amongst the key shareholders. Disagreements can be healthy if they are properly controlled and managed. However, the disagreements can become dysfunctional when they are not properly resolved and allowed to fester. These can result in the break-up of the entire company. For instance, the famous Swedish pop group ABBA was once the largest export revenues for Sweden in the 1980s, however the group broke up and its fame went with it. Also Simon and Garfunkel were very popular pop singe
Each of us is ultimately responsible for our own actions. Although in today’s business world, I imagine many skeptics would take exception to that statement because there is evidence that people are not held accountable for their actions, even when they are unethical. And even more disturbing, some are even rewarded for unethical actions. Each of us makes a choice to act ethically or to act une
Talking and circling to see if there is any business out of a new contact is all part of the game. Sometimes it takes several meetings either in person or over the phone to discover whether the relationship will go anywhere. Once that examination of discovery is over, business should be conducted or it is time to move on. The ideal, of course, is that business is conducted. The question i
Firstly you should decide your own reasoning behind considering ISO 9001 2000 registration for your organization.Is the number of registrations in your market sector increasing?Are your competitors seeking registration?Are your customers asking about registration?Are registrations increasing in your industry?Are your customers asking you to become registered?
When the major shareholders disagree, a feasible solution is to bring in professional managers from outside to run the business. However, they have to be given the full autonomy to run the company.
Other suggestion to get out of the quandary may include buying out the other dissenting shareholder. Businesses are already fraught with all kinds of challenges. As a house divided cannot stand, a company that has divided teams will not be able to handle the vagaries of the market dynamics. All the energies and valuable resources will be expended on office politics and putting out fires, when these should rightly have been directed externally to manage competition, etc.
In tough times, every body has to
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