Hub You - Business

Should You Buy A Franchise Business?
It is a well known fact that as the population increases then the number of people wanting to go into business increases –obvious but true.This is despite the fact that a large amount of businesses fail within the first two years.Ideally one would like to purchase a business for less than it takes to create one – this is not always easy and can take as much effort as the former.So just how does one take the choice of whether or not to uptake the business opportunity?The

are Receivables coming in on time, is Inventory increasing and/or getting stale, are we close to capacity in the plant or should we be thinking of asking people to take voluntary time off? Figure out what the most important 3 or 4 are for your Company. Stay on top of them and you’ll stay out of trouble.

Your financial statements – income statement, balance sheet and cash flow statement - are undoubtedly the most important source of information about your

Economical Advertising
If you think advertising is a high-stakes gamble, one that is full of risks and gimmicks at expensive prices, think again. Advertising follows, in fact, some very logical rules. The first is that good advertising is based on market research. Before you advertise, you need to understand the customers you're trying to reach. What are their needs? What factors influence their decisions to buy? What features of your products or services offer what they truly want? And what weaknesses in

Don’t you love the medical dramas on TV…

You know - the ones where doctor’s dash around telling nurses to do “tox screens” and get the “blood gas” and the patients are connected to the latest in plasma screened computers which show their “vital signs”? Isn’t medical technology wonderful? They can measure all sorts of aspects of a person’s condition and carry out all kinds of tests to determine how well the patient is doing.

But you know it all still comes down to the fact that if someone has a dangerously high fever, if their breathing is irregular and if their pulse is weak then they have some fairly serious problems. If the paramedics, the ER staff and the surgeons don’t keep an eye on these indicators the patient will get worse, not better. And the “tools” needed to measure those things aren’t particularly complicated or sophisticated.

Same thing applies to a business. There are all sorts of systems – computerized and otherwise - which measure productivity in the plant, or efficiency in the warehouse or tell us who buys how many of what. We use tools to help us purchase better, forecast our sales more accurately (sometimes at least!), record the information we picked up on the last sales call, send out email blasts and do all sorts of marvelous things.

But we can be focusing on all of that while the business is slipping away from us. If we don’t know how much cash is in the Bank, or what the outstanding order situation looks like the company can become very sick, very quickly. We take our eyes off these things at our peril – particularly when the business is growing. And they’re not hard to measure.

Every business has some key indicators which directly address the health of the company – do we have enough cash for the next 90 days, is the order backlog increasing or decreasing, are Receivables coming in on time, is Inventory increasing and/or getting stale, are we close to capacity in the plant or should we be thinking of asking people to take voluntary time off? Figure out what the most important 3 or 4 are for your Company. Stay on top of them and you’ll stay out of trouble.

Your financial statements – income statement, balance sheet and cash flow statement - are undoubtedly the most important source of information about your

Business Administration Degrees
To learn the art of management and administration, it is very beneficial to have a business administration degree. Business administration degrees help in that they represent an organized and systematic body of knowledge. They also play a pivotal part in formalizing methods of acquiring knowledge and skills followed by existence of an ethical code to regulate the behavior of the members of the profession.We hear a lot about professional managers and their contribution to the economic develop

t all still comes down to the fact that if someone has a dangerously high fever, if their breathing is irregular and if their pulse is weak then they have some fairly serious problems. If the paramedics, the ER staff and the surgeons don’t keep an eye on these indicators the patient will get worse, not better. And the “tools” needed to measure those things aren’t particularly complicated or sophisticated.

Your financial statements – income statement, balance sheet and cash flow statement - are undoubtedly the most important source of information about your

8 Low Cost Ways To Advertise, Promote and Market Your Business
We all are looking for ways to market our businesses cost effectively. I have come up with 8 ways to do just that all low cost to free. In fact most of these methods can be done from the comfort of your own home.That's right you don't even have to leave home. What could be better, your clients are coming to you and you don't even realize it. Okay lets get started, each of these methods I'm sure you have either heard about or are already doing most if not all. They are not new, nor are they s

ll sorts of systems – computerized and otherwise - which measure productivity in the plant, or efficiency in the warehouse or tell us who buys how many of what. We use tools to help us purchase better, forecast our sales more accurately (sometimes at least!), record the information we picked up on the last sales call, send out email blasts and do all sorts of marvelous things.

Your financial statements – income statement, balance sheet and cash flow statement - are undoubtedly the most important source of information about your

This Call Is For You
Rude Callers! If you have been in Customer Service for at least 10 minutes you have had a Rude Caller. We all have had them! If you can master the rude call, you can become the KING or QUEEN of Customer Service!Many people ask, “Why Bother?” with rude callers? Just put them on permanent hold, or better yet, transfer them directly to the Manager. "I'm sending you right into Barbara's office" or "Let me see if Bob is available right now." If they call back again give them some more hold, righ

If we don’t know how much cash is in the Bank, or what the outstanding order situation looks like the company can become very sick, very quickly. We take our eyes off these things at our peril – particularly when the business is growing. And they’re not hard to measure.

Your financial statements – income statement, balance sheet and cash flow statement - are undoubtedly the most important source of information about your

Planning a Memorable Corporate Theme Party
For this year’s corporate theme party, let’s travel back in time to the roaring twenties when prohibition, gambling, and gangsters ruled the world. Try to select a venue for the corporate get together that has a great 20s feel, a genuine art deco kind of location, if at all possible. Otherwise, consider a warehouse look that can be transformed into just about anything you want. As the guests enter the party location, have a big “goon” in a zoot suit who is looking at them through a small window

Your financial statements – income statement, balance sheet and cash flow statement - are undoubtedly the most important source of information about your company’s state of health. Given the variety of software packages which run on even the smallest computers there’s really no excuse for not being able to get those statements monthly. However, challenge yourself and your team; insist you have them early in the month. Getting the previous month’s statements after the fifteenth of the current month should be unacceptable. (I know someone who says it’s better to be pretty accurate and early rather than very accurate and too late.)

While those financials are accurate, they’re also historical. They tell you the facts – about a period that’s already gone. So, think also about the things that will give you advance warning of trouble – in the company and in the industry - and pinpoint the top 3 or 4 of those too.

Then have someone collect the data on those 6 or 8 important indicators and give it to you regularly. I’d suggest you look at them at least once a week. When I had what my wife refers to at cocktail parties as “regular jobs”, I used to look at them every day – particularly when there was a lot of change going on in the industry and in the company.

Watching the vital signs in your industry and in your company is one way to ensure that you perform well. Harold S. Geneen, who had his faults but who built ITT into a global powerhouse said “It is an immutable law in business that words are words, explanations are explanations, promises are promises, but only performance is reality.” Performance is one of the key elements of the 5”P” Process. To learn more go to www.profitpath.ca/services

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Schizophrenic patients suffer split personalities, characterised by withdrawal from reality and behavioural disturbances. Management needs to have very sharp and emphatic focus rather than become schizophrenic.

Then I learned that a Tupperware fundraiser is not based on parties. A Tupperware fundraiser is run much like any other fundraiser, except that you offer a quality, durable product instead of cheap consumables.

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