You Can Go Your Own Way – The Entrepreneurial Spirit is Alive
Filed under: Business Development, Uncategorized
Check out the latest article in Arrive Magazine entitled
“You Can Go Your Own Way” – The entrepreneurial spirit is alive and well in these hard economic times. by Charyle Nance- Nash
It is an inspirational piece that reminds us that in 2009 more than 1/2 of the Fortune 500 Companies listed where launched in a recession.
If you are looking for business advisors in CT, why not give your business a Business Growth Analysis and gain invaluable insights into four major areas of your business?
Your answers will be used to qualify you for a FREE Business Diagnostic Meeting
Arrive Magazine – January/February, 2010
Business Owners Mindset Budget
Business Planning Mindset Budget for business owners
One of the key concepts for small business owners to adopt is to “Pay Themselves First.”
What this means is that they should allow for their own Salary / Drawings / Dividend as part of their business planning. It also means that they stop subsidizing their business by being the last person to actually take money out of the business.
When you put budgets and targets together, you should always start the process with the end in mind – “PROFIT.”
Take a look at W. Edwards Deming’s 14 Points of Total Quality Management when you are thinking about these concepts:
- Create Constancy of Purpose
- Adopt the new philosophy
- Build Quality into the Product
- Choose quality suppliers over low cost suppliers
- Improve constantly
- Business Training not only on the job, but also in the classroom
- Leadership in place of supervision
- Eliminate Fear
- Break down internal barriers
- Eliminate slogans and exhortations
- Eliminate numerical targets
- Remove barriers to work satisfaction
- Encourage self improvement
- Be responsible for continual improvement in quality and productivity
Are you looking to increase your conversion rate? Why not attend one of our upcoming business growth seminars and learn how?
Your answers will be used to qualify you for a FREE Business Diagnostic Meeting.
Questions? Comments? Any topics you’d like us to discuss? Share your feedback here by leaving us a Comment Here.
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