|
|
|
7 Steps to Developing Leaders
Try to tap into untapped energy that may be lying dormant for lack of interest or challenge to motivate people - this is a key to finding and developing new leaders. Remember that rising through the ranks does not guarantee qualities needed for a...
Canada’s Aging Baby Boomers: Planning Health Insurance for the Future
The first of Canada’s aging baby boomers are poised to turn 65, and with this milestone birthday comes a variety of new health care concerns. In response to these changing medical needs, the Canadian health care system is preparing to handle some 10...
Loans Guide
Many people are confused by the different types of loans available.Here is a helpful summary of the most common loans available today. Bad Credit Personal Loan A Bad Credit Personal Loan is a loan designed for the many people with a bad credit...
National AMS Users Group Conference Held in Reston, VA
[Herndon, VA] The National AMS Users Group (NAUG: http://www.naug.net), a membership organization dedicated to maximizing efficiency and usage of their gomembers’ AMS software solutions held their Annual Conference October 20-22, 2004 at the...
Pinksheets.com News Service For Shareholders - Criticized as being too little, too late by grass roots penny stock reformist
The Pink Sheets are coming of age in perhaps one of the better moves they've made in years. As a continuing effort to create more transparent and efficient OTC markets, Pink Sheets LLC, announced the launch of Pink Sheets News Service, an innovative...
|
|
| |
|
|
|
|
|
|
No Plan - No Cash - Back to Square One!
Back to square one
If you look, see, hear and think you will learn.
Sounds obvious but how many do it?
I am a self confessed infoholic. My addiction is information on topics that interest me; world affairs/politics, business and sport. I am interested in ‘cause and effect' so the net result is I read a lot.
Not just novels like most people but what interests me.
It's amazing what you see, what it means and what you learn. Recently I came across two short articles in the same journal on facing pages and they said so much about why people fail in business and yet, do people ever learn?
One article gave statistics on businesses failing from cash flow problems and the other was about a business that went down because it's single largest customer placed it's business elswhere.
In summary it goes like this; a survey revealed that in the UK 100,000 businesses fail each year because their owners fail to do any financial planning.
25% of firms never set any financial targets.
35% have never set aside funds for employee development.
20% admitted to beginning to plan when it was too late.
50% blamed this on not having enough time.
They were surprised to learn that these causes of failure were greater than adverse trading conditions.
The failed business was a very cost sensitive business that did sub contract machining.
Established 49 years it employed 12 people. It was dropped by it's single biggest customer and ran out of cash.
The owner has now re started as a ‘sole trader' doing the same subcontract machining and ‘working all hours' to survive.
He says he has learned his lesson and will not contract for work from businesses in the sector of the company that dropped him. In effect he is back to square one.
I admire his tenacity and wish him well for the future but these two tales tell us so much that should be applied as normal business practice.
Never rely on a single customer, never stop marketing, prepare an annual business plan with costed goals and
timed targets.
Manage against that plan and review progress making adjustments in accordance with the trading position. At all times control cash flow and only spend when you can afford to.
Simple but so effective and as important as any ‘day to day' task.
My experience is that many business owners have a job working for themselves. They do tasks ‘in the business' and though this is necessary when starting a business the objective must be to develop the business by working ‘on it' not ‘in it'.
If our business owner had set a financial plan with a costed marketing program to acquire one new customer in each of the 49 years history - would it have gone bust? I believe not.
I am almost certain that in many of those years he was busy working ‘in' the business not ‘on' it.
No matter what type of business you consider continuous, targeted and costed marketing is crucial. No customers, no cash flow, no business. Tip: Look, Listen, Learn and take strong firm action. Do the thing you think you cannot do,
********************************************************************* Resource Box: Article by Michael Harrison, Author, Publisher and Business Consultant. Learn from an expert: Go to: http://www.be-your-own-business-expert.com/ ********************************************************************* **Attn: Ezine Editors / Site Owners / Webmasters / everyone** Feel free to reprint this article in its entirety in your ezine or on your site as long as you leave all links in place, do not modify the content and include our resource box as listed above. You can use other articles similarly from http://www.be-your-own-business-expert.com/Articles.html
About the Author
Michael Harrison is an author, publisher and business consultant specialising in helping business owners and individuals to realise and release the full potential of their situation. He has helped many people to improve their businesses and advised and supported individuals embarking on new directions in their careers.
|
|
|
|
|
| Finance - Leases-Leasing Ezine Articles |
| EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites. |
| ezinearticles.com |
  |
| Finance: Leases Leasing Articles from EzineArticles.com |
| http://ezinearticles.com/?cat=Finance:Leases-Leasing Free Content For Your Ezine or Website http://creativecommons.org/licenses/by-nc-nd/2.0/ Why use your ... |
| ezinearticles.com |
  |
| Leases Leasing - Money & Finance Articles |
| Leases Leasing - Money & Finance Articles. Money & Finance | Accounting & Payroll | Bankruptcy | Business & Loans | Credit Tips | Currency-Trading ... |
| www.article99.com |
  |
| Finance » Leases Leasing » Absolute Article Directory |
| Absolute Article Directory: Finance, Leases Leasing. |
| www.absolutearticle.com |
  |
| - Leases-Leasing |
| By David Springer | On January 29, 2006 | In Leases-Leasing | Rated. Short on cash, but need equipment? Consider leasing what you need. ... |
| www.articlebar.com |
  |
| Leases Leasing |
| You are here: Article Directory arrow Article Directory arrow Finance arrow Leases Leasing ... Leases Leasing. Articles ... |
| www.rumorist.com |
  |
| Long Term Car Rental Italy Auto Rentals Leases Leasing Rome Milan ... |
| Long Term Car Rental Italy Auto Rentals Leases Leasing Rome Milan Florence One Way Paris London Frankfurt Madrid Lisbon. |
| www.ideamerge.com |
  |
| europe car rental leases leasing one way rentals long term renault ... |
| pictured is the Renault Laguna Estate, With Renault tax-free, short-term auto leasing you get the exact, brand-new vehicle you reserve, plus unlimited miles ... |
| www.ideamerge.com |
  |
| Private Fleet - Finance, Insurance, novated leases, leasing, CHP ... |
| New Car Broker Australia. Private Fleet sales discounts on your new car purchase, no haggle, no hassle saving $1000s off all new and used cars for private ... |
| www.privatefleet.com.au |
  |
| Projector Leases, Leasing Companies for LCD, DLP, LCOS projectors |
| Projector leasing programs and services. Choose a company. |
| www.projectorcentral.com |
  |
| Category: leases-leasing |
| Category... leases-leasing. Results 1 - 3 of 3. Search took 0.01 seconds. Page 1 of 1. Buy or Lease: Which Automobile Transaction is Better? ... |
| www.articler.com |
  |
| John Dellagnese & Associates: offices, officespace, lease, leases ... |
| It takes two companies to bring you the premier Corporate Property Development group in Northeast Ohio: the talents of John Dellagnese and Associates ... |
| www.dellagnese.com |
  |
| John Dellagnese & Associates: offices, officespace, lease, leases ... |
| Welcome to our Tenant Login Page. * Forgot your password or haven't received one yet? Email us tinah@dellagnese.com or call 330-668-4000 and we will reply ... |
| www.dellagnese.com |
  |
| The-Arts-Magazine.com - Leases-Leasing |
| Home arrow Article Links arrow Finance arrow Leases-Leasing. Main Menu ... Mosets Tree. Leases-Leasing. Listings. There are 0 listings in this category. |
| www.the-arts-magazine.com |
  |
| OmegaMotors.com - Your Money - Leases - Leasing Overview |
| Blue Book retail & trade-in value reports on used vehicles. Kelley features prices on used cars, trucks, street and dirt bikes, ATVs, scooters, ... |
| www.omegamotors.com |
  |
| Entertainment Guide - Leases-Leasing |
| Sunday, 03 December 2006, Home arrow Article Resources arrow Finance arrow Leases-Leasing ... Mosets Tree. Leases-Leasing ... |
| www.entertainment-resource-directory.com |
  |
| - Leases-Leasing |
| Mosets Tree. Leases-Leasing. Listings. There are 0 listings in this category. spacer.png, 0 kB. spacer.png, 0 kB. download joomla modules download joomla ... |
| www.healthcare-resource-guide.com |
  |
| FINANCEDEPARTMENT.COM- Finance, Mortgages, Leases, Leasing ... |
| Finance, Mortgages, Leases, Leasing, Brokerage Houses, Mortgage Lending. |
| www.financedepartment.com |
  |
| vehicle leases leasing guide and facts |
| vehicle leases leasing guide and facts. Under the federal Consumer Leasing Act, you, the consumer, have a right to information about the costs and terms of ... |
| www.shopperfavorites.com |
  |
| - Leases-Leasing |
| spacer.png, 0 kB. spacer.png, 0 kB. Home arrow Article Resources arrow Finance arrow Leases-Leasing. Mosets Tree. Leases-Leasing ... |
| www.cars-directory-guide.com |
  |
|