In helping hundreds of small businesses and startups at Startup Connection (www.startupconnection.net ), I have learned that improving forecasting is frequently your best path to success. This includes financial, sales, marketing, operational, internet, human resources and other forecasts (which include models, plans and budgets) that help understand and improve business. A few fairly simple recommendations can make the process […]
Operations Articles & Posts
This section contains some essential operating “How-Tos" for small business owners and Entrepreneurs. The goals are to help focus your business on excellence profitability and efficiency. A critical component of these materials is to demonstrate how factors like logistics, sourcing and staff can improve results After you have reviewed them, you should move on to the OPERATIONS TEMPLATES section located in the Navigation bar beneath OPERATIONS ARTICLES.
When running your business, it can come in handy to trust your gut instinct and rely on your intuition. It’s important when reading people. It’s important when being creative. It’s important in a multitude of circumstances. It has its limits, though. At a certain point, you need to start testing and measuring so you know […]
We make numerous decisions every day like what to wear, what to eat, and what form of advertising should our business pursue? We even make a decision to defer a decision, or we decide to procrastinate. We spend too little time on the how and the why of our decision-making, decisions that deeply affect the […]
After counseling over 1,500 clients seeking to start new businesses, it’s troubling so many of them seem possessed with what can be called the Zuckerberg, venture capital, or hockey stick plan to starting a business. I typically read 3 to 5 startup business plans a week. So many are simply outrageous just because of the […]
Why Consider Importing? Be honest. The main reason is price. While there are numerous variations between nations, U.S. labor costs including benefits is at a minimum $10-$20 per hour. China, on the other hand, is $1-2 per hour. The disparity in price is obvious as to why importing goods is important. China exported over $500 […]