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Buyer Beware Business Opportunity Scams Abound
Most business opportunities are not worth investing a penny into. The ones that are generally are called Franchises. The value in a franchise is that it comes with the branding already done for you. People will recognize a Subway or McDonalds no...
Getting To Know the Search Engine Superstar
Having greatly benefited from my relationship with Google within the past several years, I thought I would take the opportunity to dedicate this article to the search engine superstar.
I have to be brutally honest and relay that our...
Is Network Marketing Easy??
I personally believe we do a dis-service to the industry and ourselves if we openly state...or even allude...that NWM is easy. It's not. Nor is any business....WAH or brick & mortar. Anyone who does say different is not being wholly truthful. I...
Logo Design And Branding – Points To Remember
A good logo design is highly instrumental in establishing a business brand and creating a long lasting impression among its customers. It should be able to create a powerful impact on the viewers and successfully exude the nature and attitude of a...
Top Ten Ways to Communicate @ Work Effectively!
Whenever I ask people in a work setting, "What would improve work, profits and customer service the most where you work?" the answer is almost always "Better communication!" Once the problem is noted, the next question is, "What are some effective...
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Top Inventory Keeping Secrets
Every business knows the importance of a proper inventory.
Without one, a business would not have a proper tally of its
assets and properties. They would not be able to keep their
accounting books straight.
Broken and lost equipment would remain forgotten and
uncompensated for. And the business would not have assurance of
how much property they can use to forward their businesses.
Keeping inventories may take much time and effort, but every
good business owner knows it is well worth its expense.
Almost as bad as having no inventory is having wrong inventory.
If the people in charge of keeping a company's inventory do not
do their job well, the business in question stands to make
decisions based on wrong data.
The company may have trouble accounting and keeping with the law
too. Only when a proper inventory system is implemented can the
business hope not to lose time and effort maintaining an
accurate and dependable inventory.
You can avoid these problems with inventories if with the help
of some simple tips. Inventory keeping does not have to be a
back-breaking, menial job that is, more often than not, flawed.
They can actually be a streamlined, organized, and beneficial
activity for any company.
Inventory Keeping Tips
1. Keep Every Document That Lands in Your Hands
This cannot be stressed enough. You must keep every receipt,
every document, and every transaction evidence you can get your
hands on. If the transaction does not give you a receipt, you
must ask for one.
Remember that every business should have receipts and cash
disbursal sheets that will help you keep track of every spending
and every earning. This will help you identify your possessions
by purchase date and by supplier, and will make inventory
keeping easier to manage
and more comprehensive.
For purchases or expenses that do not issue receipts, you may at
least jot down on a notebook details regarding the items bought.
You must organize these documents according to relevant
categories. Store them in a safe area that allows for easy
retrieval and bookkeeping.
2. Mark Them
Just as ranchers brand their cows, so can you brand your
equipment as a mark of ownership. But, of course, you do not
have to use searing iron to do so, a sticker or marker will do.
The brand should show who owns the item, and the control numbers
to identify the item in the inventory.
This activity helps deter thieves from pilfering equipment from
your business. Your brand has to be permanent, though, to act as
a deterrent. This activity also helps you find out which
equipment have already been accounted for.
3. Keep your inventory up-to-date. Some people content
themselves with doing one high-visibility inventory and forget
that they did the activity at all. Inventory keeping is a
constant process. You must check the inventory and actual item
existence to see if there are any missing, or damaged items that
are unaccounted for.
This will verify the accuracy of your inventory. You may have to
update you inventory and the branding of the items in your
business.
4. Put Someone in Charge
Someone has to oversee the inventory keeping activities of a
company. Do not scrimp on budget and fail to allocate resources
for the activities. Remember that they are an important part of
the business organization.
About the author:
James Monahan is the owner and Senior Editor of InventoryHq.com and writes
expert articles about inventory.
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| Brand - Wikipedia, the free encyclopedia |
| The brand, and "branding" and brand equity have become increasingly important ... From the perspective of brand owners, branded products or services also ... |
| en.wikipedia.org |
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| Branding - Wikipedia, the free encyclopedia |
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| en.wikipedia.org |
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| AllAboutBranding.com : Home |
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| The Brand Called You |
| Big companies understand the importance of brands. Today, in the Age of the Individual, you have to be your own brand. Here's what it takes to be the CEO of ... |
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| Branding: See what people are saying right now on Technorati |
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| Mozilla Branding |
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| What Brand Are You? A branding viral by The Design Conspiracy |
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| Branding - Yahoo! Small Business |
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| Lexicon |
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| Branding and Usability |
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| iMedia Connection: Research & Metrics - Branding |
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| Small Business Marketing And Branding |
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| Beyond Branding |
| Beyond Branding, published in hardcover in 2003 and paperback in 2005, presents innovative business models for the survival of 21st century organizations. |
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