Whether you promote an employee from inside or hire someone from outside, a new manager brings his/her beliefs, practices, skills and past experiences. As a result, this will bring new ingredients to your management team and effect either positive or …
Category Archives: Business Management
Posted in Advice, Business Management, Business Planning, Human Resources
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Setting business goals affects the steering direction of a business. It is also a decisive factor in determining the speed of your business growth. Therefore, it is always worthwhile to set rational, achievable and challenging goals. Be sure to incorporate …
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Starting a business is no easy task. Nobody is perfect and mistakes are going to be made. On top of that, it’s not like startups have unlimited sums of cash from which to cover the costs of bad decisions or …
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When an entrepreneur starts his/her small business, it is common for him/her to do as much as possible at the beginning. However, as this enterprise continues to grow, it will eventually get to a point that additional senior management team …
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Small businesses are exposed to various risks. Many small businesses are in the form of sole proprietorship and partnership. This largely increases the cost the owners have to take when accidents happen. Therefore, before a small business is launched, its …
Posted in Advice, Business Management, Business Planning, Legal & Taxes
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Once a business plan is finished, subsequently the next phase is to implement the key elements in the business plan, including finding a location if you are a brick and mortar business. Location, Location, Location. This saying has been used …
Posted in Advice, Business Management, Business Planning
Tagged Business Location, Pre Launch, Startup Phase
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When preparing your business plan it is useful to include a section that will consider your future plans and milestones and your possible exit strategy. After all in your business plan you have shown how much time, energy and money …
Posted in Advice, Business Management, Business Planning, Legal & Taxes
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When starting a small business in todays incredibly complex business world, there are numerous factors that give firms an improved chance of success. One such factor is Employee Productivity. Leaders in the business community have known for years that if …
Posted in Advice, Business Management, Business Planning
Tagged Business Plan, Guide to the Startup Phase, Pre-Launch Actions, Startup Phase, What Is In A Business Plan
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Mac vs. PC: The Great Debate Since the dawn of time there have been hundreds of great rivalries: Thomas Becket vs. Henry II, Yankees vs. Red Sox, and Wile E. Coyote vs. Roadrunner (just to name a few). In terms …
Now that you have written your business plan, set up all of your legal groundwork, and put a marketing plan into place, you should start thinking about setting up your physical infrastructure. In this post, The Startup Garage will go …