New Years’ Resolutions and Business

It has become very popular to make New Year’s Resolutions every year.  Whether or not we managed to keep our commitments and to reach the goals that we’ve set, most of us are still very open to make new resolutions for the upcoming year with the hope that we will be able to stay focused and accomplish them. Some of the most common New Year’s resolutions that people make can be visualized below with the help of Mindomo mind mapping software: Our actions are very much related to the type of decisions that we make and the resolutions that we choose to define as guidelines for our choices.  Depending on the areas we focus on, our resolutions may be structured according to our personal, family or business interests and focus.  Since our lives are often defined by the choices we…

Why Should You Bother With A Business Plan?

Starting up your own business can be a very exciting and rewarding experience, but without extensive planning, research and preparation before setting up your business it can quickly turn into a stressful and risk-laden exercise. It’s amazing how many people go into self-employment without a coherent, well-researched business plan, and then wonder why their business ends up struggling in the long-term. So why should you bother with a business plan? What does it offer you that you can’t gain without one? A business plan is exactly what it sounds like – it’s a detailed, strategic plan for your business over both the long-term and the short-term. A business plan includes what your business will sell (whether that be a product or a service), how much it will charge, where it well get new business, the target market, how it will…

Keeping It Simple

A business is all about its product, whether tangible or intangible. One thing that some business owners forget is to keep their product simple. What do I mean by this, and why is it so important? It is sometimes hard to remember that the product you have spent so long developing may by the time of its introduction seem simple to you, but may be complicated to the unfamiliar buyer. The level of complexity or the amount of time it takes for your intended customers to become familiar with your product is a must-know before you put it on the shelves. Know Your Target Customer If you are designing a product for a specific audience who is familiar with that product and its features, then you may not have to worry as much about how simple it is for your…

Opening a Shop and Keeping it Profitable-

Opening a Shop and Keeping it Profitable Starting your own business is hugely exciting, but it is not something to be entered into lightly. It is frequently the case that an entrepreneur will rack up a string of failures before hitting upon a winning formula. Even then, the market may change, forcing them to react. Retail never stands still and even the most popular shop can become a tarred brand almost overnight. The failures are all part of the learning experience. It is inconceivable that you’ll step into the unknown and be perfectly prepared for everything you could ever face. You’ll stumble and get things wrong, but hopefully you’ll learn from the experience. If your first business folds, it won’t have been a waste of time. Hopefully you’ll be in a far better position to succeed with a second attempt….

Top Tips for Planning a Meeting-

by torres21 Planning meetings with your staff or with other companies is an important part of developing your business and defining strategy however what is the best way of improving the process for your meetings? Below, are five handy tips for successfully planning a meeting. Objectives It might sound odd defining objectives so early on in the process of organising a meeting however without clear goals you will find it difficult to really see the benefit in any meeting. By setting specific objectives for your meeting you provide every attendant with reasonable information about what to expect and what is expected of them in the meeting. Making a list of points you want to discuss during the meeting is helpful, both for yourself and for everyone else present especially when distributed ahead of time. Evaluation Reviewing the previous meeting is also…

You Need AMAZING Metrics

Creating the metrics that work for you: One of the major issues that separates successful individuals from less successful individuals is the ability to create and adapt a workable plan.  There are many resources for planning and goal setting for businesses.  I would like to outline three things that I have seen help in creating an effective plan: 1) creating metrics that work for you, 2) work the plan, and 3) adapt the plan.   CREATING METRICS THAT WORK FOR YOU There first key element to establishing an efficient plan for your business is to establish proper metrics.  Metrics are the figures that are used to measure how well you are working toward your goals.  Good metrics are your stepping-stones to achieve the goals that you have set.  They also allow you to track how achievable your goals are.  For…

I Love Metrics… And You Should Too

Creating the metrics that work for you: One of the major issues that separates successful individuals from less successful individuals is the ability to create and adapt a workable plan.  Because 2009 is coming to a close, now is an excellent time to establish your goals for 2010.  There are many resources for planning and goal setting for businesses.  I would like to outline three things that I have seen help in creating an effective plan: 1) creating metrics that work for you, 2) work the plan, and 3) adapt the plan. CREATING METRICS THAT WORK FOR YOU There first key element to establishing an efficient plan for your business is to establish proper metrics.  Metrics are the figures that are used to measure how well you are working toward your goals.  Good metrics are your stepping-stones to achieve the…

Category : Plan