business plans for small business, small business

What You Need to Know About Business Process Management

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In a world that is increasingly aware of the importance of being the top choice for clients, businesses look to different trends available on the market to be better. Business Process Management (BPM) looks to be a promising approach for business of all sizes. This management approach is a combination of effectiveness and efficiency with the help of innovative technology. For every company or organization, there is a goal and the achievement of that goal relies heavily on business processes.  The reason BPMs are gaining popularity is that with a relatively low-cost, businesses have a lot to gain such as efficiency in processes, increased productivity, control and cost savings. Continue reading “What You Need to Know About Business Process Management”

business plans for small business, small business, small business plan, Uncategorized

Determine Your Goals In Starting Your Business

I have always been saying that setting business goals is very important for entrepreneurs to do.  Gladly, Jimmie Wilkins have written in StatesmanJournal the guidelines in a form of questions and when you have the answers — those are exactly the goals you are looking for.

1. How many hours do you have to commit to a new venture? How many hours to you want to work during the start-up phase? Ultimately, how many hours do you want to work once a business is up and operating smoothly?

2. Do you need flexible hours? What must take precedence, family or business? Is flexibility of hours a necessity or an added bonus?

3. How much would you like to travel for your business? How often and for what duration?

4. What morals, beliefs or standards to you hold? Do you have strong beliefs that might affect the way you do business?

5. Do you have specific physical requirements or restrictions that must be considered?

6. Will your family be involved? Will they be supportive? What kinds of support do you expect to receive (e.g., emotional, financial, time, etc.)?

7. What level of power or status is important to you? Tip: often, the quest for power might be driven by ego, and sometimes ego gets in the way of listening to good ideas from advisers, employees and customers.

8. How involved do you want be in the daily operations of a business? For how long?

9. What type of work do you enjoy? What skills, expertise and experience do you already have?

10. How important is job security? Are you looking for steady income? What level of income do you need to cover personal financial obligations?

business plans for small business, small business, small business plan, Uncategorized

Goal Setting Stays Powerful

As 2008 comes to a familiar, galore businesses are waiting in lifespan to see what the new twelvemonth give change, acknowledged the outgoing assemblage’s efficient flutter.

Time the tense remains insecure, there’s solace moment to counsel forrader and set goals to better stay your concern on course.

Experts say the elliptic act of goal-setting can be a powerful way to service keep you focused and driven, especially during provocative nowadays.

And scope a content is a outstanding way to amend you do that.

It starts with taking certificate of your accomplishments and disappointments — “There needs to be an sorting of what you’ve through so far,” so you can figure out what comfort needs to be through.

business plans for small business, small business, small business plan

Goal for Today: Focusing on Revenue

I found this helpful article written by Mark Larosa from American Express forum which I think we should give importance on it and focus in this very important business goal — our Revenue.

The collapse of the market will bring the focus back to where it should be… revenue.  And that is good news for salespeople.  Why?  Because companies have drifted away from being sales driven, sales focused revenue machines into ones that focus on building features that generate and create buzz.

Sales and revenue are going to come front and center once again, and the customers and prospects that pay will once again drive product design and direction – not exclusively the product managers and marketing team.

The above is quoted from Mark’s article. You can check out more how we can actually bring our focus in our revenue in American Express Forum.

business plans for small business, small business, small business plan

3G: A Goal to Go Global

Who business owner wouldn’t want their business to go global? Well, if not for you, definitely a ‘Yes’ for me. This is why I’ve been searching for some helpful information about my small business goal of being global.  First, our goal is how we should do it, so here’s the post about – How to take your Small Business Global.

And bonus from above’s search, I found this also from the same Globalpreneur blog the tips in building global bonds with your customers.

  1. Your customers are your business
  2. Keep in touch with your customers
  3. Satisfy your customer
  4. Deliver on your promises
  5. Go beyond expectations
  6. Involve your customer
  7. Become your customer’s partner
  8. Exchange information with your customer
  9. Arrange introductions for your customer
  10. Build interdependency with your customer