Monday, May 07, 2012
Key Performance Indicators have long been regarded as vital for business success. But with so many to choose from, which ones are best for your business?
Key Performance Indicators (or KPI's) are specific measurements of various parts of your business activity. They are used to check performance against targets or as benchmarks or to monitor trends. Read More
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Wednesday, April 04, 2012
Long-term goals are crucial for a successful business. Mission statements, business plans and marketing campaigns all contribute towards achieving your goals. While long-term plans help you to keep an eye on the overall goals, short-term goals are necessary on a day-to-day basis to ensure their delivery. Read More
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Wednesday, March 28, 2012
Save time, money and energy easily by choosing to put your focus towards reactivating old clients instead of rushing full-speed ahead into a brand new marketing campaign. While it is important to be consistently attracting new business, your 'old dogs' don't need to be taught new tricks. By simply reminding them of why they chose you in the first place, you may be on your way to picking up an easy sale. Read More
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Wednesday, March 07, 2012
A successful business is one that is well managed. Being adaptable and flexible before major fluctuations occur can greatly assist you in hard times.
Recognising problems before they arise can minimise the fall out and pave the way to a faster recovery. Learning to identify potential cash flow problems is critical to your success as a business as without adequate cash flow your business may be on its way to becoming a statistic. Read More
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Tuesday, February 07, 2012
We often say "what you measure you can manage" and "what gets managed gets done". When it comes to achieving greater profitability, truer words cannot be found. The fourth way of growing a business, which is improving the effectiveness of the things that you do, is a vital part of assisting you to better manage the results. Read More
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Wednesday, January 18, 2012
In order to thrive it is not enough to survive but grow. But a growth strategy doesn't necessarily have to be a high risk strategy. Too many business owners embark on an unnecessarily dangerous journey by trying to be everything to everyone.
A highly esteemed business professor at Harvard by the name of Michael Porter expressed the view that there are only two ways a business can gain a competitive advantage. Read More
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Wednesday, January 11, 2012
The New Year is always a good time for reflection. It's usually when we look back and wonder where the time went.
The question that regularly comes to the mind of the business owner centres on what has really been accomplished over the year. Read More
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