Business Management Articles For Entrepreneurs & Small Business Owners11 Ways to Improve Accounts Receivable CollectionsSUMMARY: Many businesses do a good job delivering their goods and services but then find it difficult to collect payment, often causing a cash flow crunch. This may be because the credit worthiness of a customer was not properly investigated in the beginning or it may be that insufficient attention was paid to monitoring and […] Work Time Off Could Be ProductiveRunning your own business and being your own boss has its upsides. You answer to no one; you control your own destiny. Will you consider taking a break a downside? Will your business take a hit when you are away on vacation? James, Sutton, a psychologist from Texas, claims that “some of my best ideas […] Why Key Employees QuitEach time an employee resigns, the company loses time, money and effort to replace him or her. Staff retention, particularly of the key employees, must be a major priority for a business. While some staff turnover could not be avoided and at times is necessary, a stream of departing employees has a negative impact on […] Could ISO 9001 Be Beneficial For Your Business?ISO 9001 is an internationally recognised standard for internal quality management that has been set by the International Organisation for Standards. In other words, it is a certification that can be achieved by businesses once they have a certain level of internal quality management system in place. Internal quality management covers everything from taking orders […] 2012 Business Excellence Awards The Best EntrepreneursThe 2012 Business Excellence Awards is now accepting nominations for the Entrepreneur of the Year Award until December 15. This award recognizes business owners or entrepreneurs who excelled in bringing their companies to exceptional growth in 2011. The Business Excellence Awards cap the 2-day Business Excellence Forums to be held in 3 regions – the […] The Most Frequent Mistakes Small Business Owners MakeWhen you decide to venture out on your own and start your very own business, it seems there are dangers awaiting at your every footsteps and risks to be taken at every single stage. In this respect, it’s not all too difficult (or uncommon, for that matter) for a start-up entrepreneur to make a mistake […] ERP Training and How to Get it RightIn any business, software needs to be constantly updated to keep up to date with the advancements in technology. New software packages allow for companies to implement a system which makes day-to-day tasks and activities easier to conduct and complete. An enterprise resource planning (ERP) system integrates all of the facets of an operation into […] Arby’s Names New BoardThe President of Arby’s Restaurant Group, Inc., Hala Moddelmog, introduced the new Board of Directors of the ARG Holding Corporation in its Atlanta conference as reported in QSR Magazine. The new Board is led by Jon Luther, formerly of Dunkin Brands, and Sidney Feltenstein, former CEO of Yorkshire Global Restaurants. Moddelmog said that because of […] How Top Management Views Performance Appraisal SystemsA survey of human resources professionals recently found a surprisingly high number of them lacked confidence in the effectiveness of their company’s performance-management system. Though 91% of respondents said their organization evaluates performance, only 47% said the process is effective. It gets worse. Only 47% of respondents said their appraisal system helps their organization achieve […] Employee Performance Management: Time to Reinvent the WheelPerformance-management systems are broken at the majority of companies in every corner in the world. By teasing apart results of a recent worldwide survey of HR professionals, we’ve seen how evaluations are viewed as a joke by employees, a waste of time by many managers and a non-actionable talking point by some senior executives. Even […] Performance Appraisals and Compensation: A Deadly MixPerformance appraisals are hated by employees, largely dreaded by managers and often described as ineffective by HR professionals. So why do organizations still engage in this annual exercise? The primary objective, cited by 66% of respondents to a survey by Sibson Consulting, is to distribute rewards based on individual performance. By comparison, just over half […] Waiting … To Sell Your BusinessI just had a birthday. Yeah I know- So What…. But celebrating a birthday when you are “Middle Age” by most definitions and or “old” by my teenage daughters definition a little introspection is done. Fact is Im not getting any younger. As a business broker based in Florida it also makes me think of all […] When Is the Best Time to Train a New Employee?The answer to this question may be simple and may seem obvious to many; however it is always good to remember why a company should always train new employees during their first month in the organization. To incorporate a new employee within a group and help him be successful, it is crucial to get him […] 5 Hints that Tell You it’s Time to Look for a New E-Learning PlatformThere are as many e-learning alternatives today as there are products in a supermarket. You go grocery shopping and find 15 different brands of teas, 10 brands of salad dressing, and 50 brands of soap… it is the same in the virtual arena of online training and development. How do you know the e-learning platform […] 4 Things You Should Think About Before Choosing a LMSIf something is clear nowadays, is that a company’s long-term success is directly linked to the efficiency and capacity of its personnel, and how efficient people are depends on the personal growth opportunities and career supervision they get. Companies are always looking for the best way to control their future without spending in an unsustainable […] Do You Know The Secret To Exceptional Efficiency At The Office?There is no question about it! Training and development are key when talking about making your team more efficient. They are the best way to guarantee everyone has the skills needed to work in a productive, safe, and effective way. Nevertheless, even though training makes your staff more efficient … do you have a 100% […] What Is Wrong With Performance Appraisals?“Needs Improvement” “Below Expectations” “Unacceptable” As an employee, you would be mortified to see these ratings on your performance evaluation. Yet year after year, those are the words often used to describe performance reviews at organizations around the world. Any employee with such ratings would have “managed out” long ago. How badly are employee performance […] Seven Practices of Successful Teams in Sport and BusinessSports teams play hard to win, and so does your business. The desire to take a victory lap, however, isn’t the only similarity. Business owners and sports teams watch rivals closely, strategize at every turn and work together to reach the final goal, whether it’s the trophy, a customer win or the successful deployment of […] Starting An Online Business? What To Look Out For?Starting an online business? Have a great product idea that you think can make millions? As you start developing your idea, the first thoughts coming to mind are probably technology focused. Who is going to build your site? How much will it cost? How quick you can launch your site? Unfortunately, the phrase “if you […] The 8 Traits Of Great CompaniesGreat companies all have a common thread that runs through them. And its not just one thing that makes them great either. In reading this article, you’ll see the things that make them great every single time. The basics you’ll find are related to money management, markets, products and finally management its self. You’ll know […] |
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