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Being a LEARNER, not MBA business plans - key to success. Are you a LEARNER?
Being a LEARNER is a Natural Talent, if you were born with it and you will never loose it. It can be a blessing or a curse in a home based business. If you develop it, it can make you a billionaire. Bill Gates, of Microsoft, did just that. If you...
Discover the Incredible Power of Ethics in Online Network Marketing
…build trust and watch the cash roll in!
As you are reading this article, the tide of the world is changing rapidly. More and more people are taking charge of their own lives, taking responsibility of their own future and taking control of...
Entrepreneur and Mom
When I was 12 years old, I had surgery with complications. I was told there was a chance I would not be able to have children. Growing up I could not imagine my life without children and worried about it often. When I got married close to my...
Six Components Of A Good E-Commerce Site
Businesses, which are still sitting on sidelines and not doing business on the Internet, should think seriously about their position! If you are one of them, chances are there, that you have to pay dearly for your indecision as you might lose...
The Secret Science Of Online Shopping
In theory you could create a retail web site with a limitless selection; an online store where every kind of merchandise known to man could be sold. Would people be interested in buying from such a huge enterprise?
Why do people buy online?
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Small Business Managment - It's All About The Data!
There is a critical issue which most small business owners seldom pay much attention to: the quality of their most valuable corporate asset – their data. Whether the source of the data is a customer management system, an operational application or a financial package, the issue of data quality is unquestionably a critical business question. No business can meet its full potential if the decisions made in running the business are based on incomplete or unreliable information. Data duplication, incomplete contact information, invalid data for a given field – these are all types of data quality conditions which can directly impact the performance of your company if left unchecked.
Information quality is actually more complex than you might imagine. The logistics of a data quality project are not that daunting. It is certainly not difficult to initiate an internal “clean-up” project to remediate errant data conditions (provided your staff can find the time to accomplish it). Bringing in an expert solutions provider to perform data cleansing is a good alternative and should be seriously considered. Be prepared for a bit of sticker shock though because this service is a highly specialized discipline that requires years of development and training. Just don’t dismiss the idea because you are afraid of the costs. Ask yourself if you can quantify the costs to your business every day of not solving the data quality problems you have. If you can’t do so easily then you might not understand the scope or pervasiveness of the problem. Most solutions providers in the data quality space can show you the bottom line justification if you ask for
it.
Perhaps more important, however, is what you do to change the culture of your business to one which embraces the concepts and requirements of information quality. This isn’t easy. This is all about recalibrating the priorities of both the staff and the senior management of the firm. Just as no business can qualify for a prestigious quality award like the Malcom Baldridge without having undergone a comprehensive realignment of internal thinking, so is it true also that data quality will never be effectively resolved if it fails to be championed by the owner(s) and promulgated down through the hierarchy to the front line. Quality is a cultural mindset and working methodology – this applies to data just as surely as it does to processes. Don’t waste your money on a clean-up project if you won’t also evaluate what your business can do to prevent data degradation from recurring. The solution is an investment in your business’s ultimate success. That’s one way for your business to stay in step!
About the Author: Jeff Canter is President of Step 1 Management Services, LLC. Step 1 offers Technology Strategy services to small businesses. With more than 25 years of experience managing and enabling businesses to realize more of their full potential, Jeff applies pragmatic, real world experience to solve tough business problems.
http://www.step1management.com
Source: www.isnare.com
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| United States Small Business Administration |
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