Archive | September, 2008
Effective use of data in business
Everyone talks of living in the information age and information overload. True enough but a business needs information to survive and grow. The trick is to collect what is relevant to improving your business process and then using it effectively. Every company collects data. As your company grows you will have extensive data collected and [...]
Continue reading...Using a Business Plan
6. September 2008
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Small business owners know how to run their businesses. But in the rush of day to day operations they sometimes forget the bigger picture of their long term goals. To keep the long term focus, they need a business plan. A business plan is a road map of where you want to go and how [...]
Continue reading...What is Your Profit?
5. September 2008
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If you run our own business, it is tempting to look at the money you make as your profit. Your income less what you have spent is your profit. Right? Sorry, but no way! Thinking in these terms is going to land you in hot water. All the money you make is called Gross Income.
Continue reading...New Employee Training in a Small Business
3. September 2008
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You probably started your business on a small scale as a one man show. You did everything yourself. But if you are a good businessman, your business has grown. So you need to hire someone to help you in your work. Taking it for granted that you have found what seems to be the right [...]
Continue reading...The Need for Common Sense in Online Business
2. September 2008
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Someone once said that the most uncommon thing is common sense. A lot of people may find this article on common sense in online business an insult to their intelligence. If so, I apologize. In my defense let me say that the following list is an amalgam of lists I had asked my experienced businessmen [...]
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9. September 2008
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