Do you want to improve your business performance drastically? Probably the answer is yes. So, you will need to use ABC analysis or sometimes called as 80/20 rule. What is ABC analysis?
ABC analysis is a methodology that can give you a quick and simple review of your range of products in the retail store, wholesale, or manufacturing company.
Improve Your Business Performances With ABC Analysis or 80/20 RuleRead More »
Each business today must have some online presence. Your web presence is something that must be part of your marketing calendar. More and more large companies use the business blog in their daily business activities. It doesn’t mean that blogging for business is only for large companies.
Today, your small business also need a blog as one of your marketing weapons. Luckily, it is an easy and cost-effective way to reach a large number of potential customers.
There are many questions related to the possible ways of online presentation of the businesses. Here I want to present some solution that is very cost effective and very easy to use.
…Why You Really Need to Use a Business Blog For Your CompanyRead More »
There are too many retail stores with a very short life. They start to feel problems in their first year of operation and many of them simply close their doors. The question that I hear is how retail stores can implement sales improvement.
There are many reasons why many retail businesses have a very short life. But, one reason that is most usual is the lack of customers. Without customers, you will have a bad cash flow and you cannot cover the basic operating costs of your business.
…How Can You Achieve Exponential Sales Improvement in Your Retail BusinessRead More »
In the previous post I give you some introductions on the subject of business potential energy. Now you know that every business have or might have their own potential energy. Some businesses have higher level, why some smaller.
This is the only reason why some of them are profitable and some find themselves as failing businesses.
…The Concept of Business Potential Energy MethodologyRead More »
The business plan is a live document that serves to help you to run your business towards your business goal achievement. It is not something to stay in the drawer and take dust on it. It is not something that you need to set and forget. You must remember that the business world is a world that is constantly changing. Because of that, you need to measure business plan implementation results and adjust your plan from time to time.
Entrepreneurs are people that are always full of business ideas. The ideas are something that pushes forward all businesses. You, as an entrepreneur, maybe don’t have those ideas at a time when you have prepared your business plan. If you know that those ideas will increase your business success, you need to cover those business ideas into your business plan.
You can’t expect that your business plan will be 100% accurate because it is based on historical data, analysis, and forecasts for the future. Mistakes will be something normal and that is reasonable. But, mistakes, because you are not measuring the implementation of your business plan, are not reasonable and can bring catastrophic effects on your business. Because of that, you must compare what you have planned and the real numbers. Also, you must find the differences and causes of those differences.
In such a way, you can implement changes on the go as you start implementing your business plan and will improve your planning process. So, you will learn to implement many improvements in the next planning cycles.
If you succeed in implementing the pieces of advice I will give you here, you will not only implement improvements of the current and next planning processes, but also the improvement in your whole business processes.
…How to Measure Business Plan Implementation Results in Your Company?Read More »
In the methodology for continuous improvement with business potential energy, a business plan is one of the crucial elements. It can help entrepreneurs to convert business potential energy in their ideas into kinetic energy that means performing work, or increasing performances.
This is an introductory text that will cover some of the vital points about the importance of business plans for every company.
…How You Can Increase Business Potential Energy With a Better Business PlanRead More »
