It is Imperative that Employers know and Use the Financial Resources we have to Begin International

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It is essential that SMEs know they have the support and resources when embarking on Home exports has highlighted the growing importance of export is achieved in the economy of Castilla-La Mancha as an essential factor in the output of the crisis

Spain, June 18, 2013 – The Minister of Employment and the Economy of Castilla-La Mancha, Home Carmen said that the Government of Castilla-La Mancha working to ensure that the companies in our region have access to new financial resources that successfully tackle internationalization.

Following the signing of a cooperation agreement with the Spanish Company Development Finance (COFIDES), through its president, Salvador Marin, Home stated that the Government of Castilla-La Mancha is very clear that one of the priorities economic recovery and the productive fabric of the region, passes through the internationalization of their businesses. So, has emphasized that spare no effort or resources to achieve this end. We know that the more companies to export Castilla-La Mancha will be better for our economy and creating jobs.

In this regard, he explained that this agreement will be a useful tool for our business, especially in a time when we are aware that many are experiencing financial problems. In this way, clarified that this agreement will serve to support our business with all the possibilities available to us and will be essential to generate greater economic activity and accelerate economic recovery.

The minister also said that this agreement is particularly aimed at supporting small and medium enterprises in the region, which are the basis of the business of Castilla-La Mancha. Therefore, he pointed out that it is very important that SMEs know they have the support and resources when embarking on export. They know that we have by his side in all their needs at the time of export

Home has highlighted the growing importance of export is achieved in the economy of Castilla-La Mancha. He indicated that in 2012, exports of enterprises in Castilla-La Mancha increased by 8.6% year on year to reach 4.356 million euros, and have increased by 16% the number of exporting companies to reach figure of 4439.

The Minister also highlighted the opportunity offered by this collaboration agreement with COFIDES to businesses in our region, the company to be the leader in the internationalization support, and be a guarantee of success in the viability of export operations, because it has different types of services and support lines adapted to the needs of business.

The event was attended also CEO Economic Strategy and European Affairs, Teresa Jimenez, director of IPEX, Angel Prieto, the CEO of ICEX, Pedro Morejon, and representatives of Banco Santander and Banco Sabadell, as a shareholder of public-private company, which has 1,400 million euro budget to provide resources to SMEs in their expansion.

Finally, it is noted that COFIDES is a public-private partnership that provides financial support to both investments by Spanish companies abroad, as management FIEX (Fund for Foreign Investment) and FONPYME (Fund Foreign Operations of Small and Medium Enterprises).

Press Contact: Consejeria de Empleo y Economia Media Relations Consejeria de Empleo y Economia Address: Avda Ireland No 14 512-212-1139 http://www.castillalamancha.es/gobierno/empleoyeconomia

Posted in: Finance \ Tagged: , , ,

Manage, Prioritize and Implement Viable Ideas Using Idea Management Software

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Wikipedia defines innovation as “the development of new
customer value through solutions that meet new needs, inarticulate needs
or old customer and market needs in new ways. This is accomplished
through different or more effective products, processes, services,
technologies, or ideas that are readily available to markets,
governments, and society.”

This holds true in the case of product companies
where innovation is not just about creating new products but
reinventing, restructuring and re-engineering business processes,
workflow management, market trends and even new markets where
un-addressed and unfulfilled needs exist. With untapped markets, ideas
and customers always present, what is required is to find the right idea
and introduce it at the right time in the right market.

For
product companies, innovative ideas are a necessity to ensure the growth
of the top line revenue, to make the bottom line efficient, to
differentiate from their competitors, and to stay relevant and on their
toes. For example, take the case of Dell, one of the largest
technological corporations in the world. It firmly believed that its
customers have the power to make a real and enormous difference to the
company’s profits. Hence, it came up with the innovative idea of a
community to reach out to millions of its customers. Named as IdeaStorm,
this community interacts with millions of its customers in more than
100 countries and asks them to share ideas and collaborate with one
another to tell Dell what new products or services to develop. The
result being that in two years, Dell has gathered more than 11,000
innovative products ideas.

This interesting piece of information
highlights the fact that innovative ideas can change the destiny of a
company. Though innovative thinking is important, idea management is
equally important to roll in the profits. Hence, what is required is an
idea management system to channelize, prioritize, manage and implement
viable ideas. Here is a look at some of the benefits of deploying idea
management software:


Thus with idea management software, product companies can look to
promote employee inclusivity ensuring more ownership of tasks from
current employees thereby enabling them to keep both themselves and the
company updated and aligned with the changing market.

Read More About: idea management solutions, innovation products, capture ideas

Posted in: Innovation

Outsourcing An Innovation for Business

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If you are a business-owner, innovation is probably in the forefront of
your mind. If it isn’t it should be! In the ever-increasingly
competitive business environment today, entrepreneurs must work to
ensure that they stand out among their competitors.


It can be tempting to cut corners and try to find ways to beat out your
competition that end up sacrificing the quality of your product or
service, or give you a bad name in your industry. Always remember that
duplicating your competitors’ products, services or promotional methods,
is never a good way to try to remain competitive.

If you are in
a saturated or fully-developed industry, finding ways to innovate your
product can be difficult. But who says that you need to have a brand new
product?

Finding ways to innovate and be inspiring in the way
you conduct your business, is one of the best ways for you to make your
company stand out above the rest.

Now, you’re probably wondering how you can innovate the way you do business.


Like most other business owners, you probably have budget constraints
and human resource limitations. You can’t afford to invest in a brand
new factory, or hire top-of-the-line marketing or operations
consultants.

A great, cost-effective way to innovate the way you
do business is to outsource some of your human resource needs to
virtual assistants.

Outsourcing basically means contracting out
services that would normally be conducted in-house. You can outsource
almost any business process, like answering phones, technical
assistance, payroll, marketing, and accounting, just to name a few.

Here are just a few of the benefits outsourcing can create for your business:

It can save you money.


Managing staff can be a time-consuming and expensive process. Human
resource management requires so much more than hiring and firing, and
often business owners forget that. Outsourcing some of your staffing
needs to virtual assistants and other freelancers can be a great way to
cut down on some of your human resource costs.

Flexibility


The great thing about outsourcing to virtual assistants is that you can
hire them as you need their services. Short-term contracts are easily
negotiable, and you don’t have to worry about paying staff, even when
they may not be doing any work.

Expertise

Particularly
in the Philippines, where the virtual assistants industry is booming,
business owners can usually have their pick from a large pool of
professionals, with expertise in a variety of areas willing to freelance
with your company.

But how exactly does outsourcing add up to innovation?

It’s simple.


All of your cost-benefits from outsourcing some of your staffing needs
can greatly reduce your indirect costs, and these cost-advantages filter
down to lower the price of your product, and/or increase your profit
margin.

By working with professionals around the world who can
offer you their expertise in certain areas, you open your business up to
so many possibilities, opportunities and ideas for development.


Lastly, let’s not forget that outsourcing and hiring virtual
assistants, requires you to think strategically about your business and
your long-term goals.

Strategic thinking is golden in business development!

Read more: http://www.remote-agency.com/outsourcing-an-innovation-for-business/

Posted in: Innovation

Bhopal Attractive Investment Destination In India

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Bhopal, located in central India, is the capital city of the Indian state of Madhya Pradesh. Also known as the Lake City of India, Bhopal has beautiful landscape that is dotted with many natural lakes.
Bhopal is divided into 6 major areas and around 75 suburbs. The major areas in Bhopal include New City and Old City. The economy of Bhopal is essentially divided into modern and traditional industries.
The prominent industries in the old city are those of cotton, electrical goods, jewelry and chemical. Some other industries are involved in cloth weaving, making sports equipment, sealing wax and making matches. The Old City also has many garages that specialize in automobile conversion and are popular for producing modified and tuned motorbikes, SUVs and cars.
On the other hand, being the state capital, it is of a more industrial nature and accommodates many reputed insurance companies, banks and other financial organizations.
M P Nagar is Bhopal’s most prominent commercial area and accommodates many reputed business houses.
Bharat Heavy Electricals Limited (BHEL), which is the largest manufacturing and engineering enterprise in India, has its unit in Bhopal. The industrial suburb of Bhopal is Mandideep, which accommodates many plants belonging to some of the esteemed companies including Eicher, Crompton Greaves, Procter & Gamble, Larsen & Turbo, Fujitsu and HEG.
The Madhya Pradesh State Electronics Development Corporation Ltd. is planning to develop an efficient Software & Hardware Technology Park in Bhopal. Multinational companies (MNCs) such as Taurus Microsystems, Fujitsu and Genpact are supposed to set up their centers in this Technology Park.
Some factors that make Bhopal an attractive prospect for investors are:
Strategic Geographic Location
Abundant and skilled man-power base
Availability of cheap labor
Availability of land at an affordable price
Peaceful political scenario and hence, peaceful law and order situation
Has a vibrant industrial base
Availability of rich and fertile land and natural resources
Apart from these, Bhopal has a well-developed industrial infrastructure that facilitates excellent interstate connectivity.
Roads in Bhopal have improved significantly in the past few years and are considered the best in the entire state. Bhopal also has National Highway 12 (NH12) passing through it and it connects it to the cities in to the east (Jabalpur) and west (Jaipur).
Bhopal, being a railway junction, has a well-developed rail network that connects it to other major Indian cities.
Bhopal also has a domestic airport called The Raja Bhoj Airport that’s located in proximity to the satellite suburb of Bairagarh. This airport has regular flights to and from major Indian cities such as Delhi, Mumbai, Indore, Ahmedabad, Raipur and Hyderabad. There are plans to turn this domestic airport into an international airport. Starting in 2010, this airport may have international flights operating to the Middle East.
Real Estate market in Bhopal
It would indeed be a wise option to invest in Bhopal real estate properties now when land prices are still low. Bhopal is developing rapidly. With many IT companies planning to set up their bases in Bhopal and other developmental measures on the cards, real estate prices in Bhopal are certain to increase. There are already many efficient and well-designed residential properties and commercial buildings and Special Economic Zones (SEZs) coming up in Bhopal.
Thus, this is the ideal time for investors to invest in Bhopal real estate properties, as they can reap huge benefits later. Investors can literally watch their money (property value) grow as the state government is investing an increasing amount of money to improve the city’s infrastructure, thereby increasing its value.

Posted in: Investment \ Tagged: , , ,

Robert N. Vohra with Longstreet Worldwide, LLC Offers a Range Of Investment Banking Services

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Global investment banking involves raising capital such as equity or debt for clients in international commerce, and offering advice on possible acquisition and merger transactions. There are many global investment banking firms that aim at helping clients make the most of opportunities, both abroad and domestic, to ensure their financial success. These companies work closely with clients and offer plenty of services, strategies and solutions that include raising capital from private and public sectors and financial restructurings. Unlike normal banks, investment banking companies do not accept deposits and offer loans, instead they are dedicated to helping corporations or individual clients who need financial guidance to grow their business. In fact, they serve as consultancy firms and help clients decide on their next business move. Nowadays, many government officials, private institutions and business owners are opting for global investment banking services.

A graduate of Columbia University and Georgetown University Law Center, Robert N. Vohra has spent over 20 years in private legal practice, with extensive experience in transactional law and domestic and international tax law. He also possesses considerable experience in general corporate representation and litigation on behalf of business entities involved in various industries. At present, he is a Managing Director at Longstreet Worldwide LLC, and heads the firm’s east coast operations from Washington, D.C. Longstreet Worldwide LLC is a multinational real estate and energy investment banking company that offers a wide range of services, including acquisition, consulting and structured financing on projects ranging from 25 million dollars to 750 million dollars. With offices in Asia, Europe and North America, the company strives to bridge the gap between project funding and international capital.

Robert N. Vohra also served as the President of Sherwood Capital Corporation, worked as an agent to large real-estate firms, international corporations, and investment and pension funds. He has previously worked at Vohra & Associates, PLLC; Knapp, Marsh, Jones & Doran, Los Angeles; Shawn, Mann & Steinfeld, Washington DC; and Thiemann, Aitken & Vohra, LLC, Alexandria, Virginia. Robert N Vohra is admitted to the New York, California and District of Columbia bars, and holds a real estate salesperson license and a Life and Health Insurance insurance.

Posted in: Investment \ Tagged: , , ,

How To Start An Adult Turnkey Business – An Educational Guide To Money Making Opportunities

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Start An Adult Turnkey Business with our Educational Business Guide. 11 Steps to Turnkey Business Profits.

1. Choose niche market. You need to be very careful with choosing your niche market. Most people want to choose a very common market such as the typical blonde haired blue-eyed girl but this does not make any money in today’s Turnkey Adult Business. You need to choose a niche market such as midgets or gay bondage. Something Different.

2. Choose domain. Choose your domain one of two ways or for the best of both worlds go for both branding and seo’d domains. Branding is great for getting people to remember the name of the business but seo marketing domains are well positioned by the search engines. My rule of thumb is to have at least one targeted keyword in your domain name.

3. Research content companies to see the quality of content and payout to you. Most people just look at payout over niche content and the quality of such. When a Turnkey Adult Content Company offers you 80% or so of each sign up by using their content it sounds terrific but one must be careful. This 80% might mean you never get a sign up because the design of the turnkey adult website or the content is horrible. So the basic point is that 80% of 0 = 0. I will take 50% in a heartbeat for a turnkey website with good quality HD content that has a professional design to it. Don’t fall for high percentage because many times you are being set up. 50% of niche market with HD quality content might bring in 5 sign ups a day whereas the 80% payout content company may not get you a single sign up. Plus you have to look at recurring billing. The 50% content company may keep the customer on the adult turnkey site for many months. The revenue adds up. The 80% might not get a sole to stay past the first month. Also ask yourself the question would I join the site? If you would not join why would anyone else?

4. Do your homework on the turnkey adult design business you may want to work with. Check scam.com, ripoffreport or complaintsboard. You can also type in the name of the owner on Google. You can type in the company name and then type scam or complaints at the end for example: ABC Design Scam. Be careful with BBB reports for it is simple to make it appear you have no complaints when your company is actually being sued by everyone and their sister. When there is an active lawsuit against a company the BBB might have them in good standing because the lawsuit is not counted against the company by the BBB. Look for quality sites that you would join yourself. If you would not join the site you are purchasing why would anyone? Price should be low but not ridiculously low such as $70 per month for 26 sites. In this type of situation you are getting what you pay for. Again if you would not join why would anyone else?

5. Hire a Turnkey Adult Business who attempts to educate you on the industry. Remember #4 on this list and type in all of the turnkey adult design companies and owners names. Please note: some owners hide their names or utilize a different name to fool you and also to attempt to fool some watchdog agencies especially the BBB.

6. Hosting is a big issue people forget about. Hosting can be very expensive if you listen to many of the owners of turnkey adult design companies. Shouldn’t hosting be FREE in at least your 1st year or damn close to it? You should not have to worry about hosting until your second year in the turnkey adult business. Some charge $50 – $150 a month from the onset of your adult turnkey business. This is absurd to say the least.

7. Billing can also be very expensive but in the Turnkey Adult Business market you usually do not have to pay anything. For example in many agreements with content companies, the content companies themselves take care of all billing charges. This saves you thousands of dollars and a great deal of headaches.

8. Now you have to Seo or Search Engine Optimization the adult turnkey site for the search engines. I usually map out my site by the titles I want to use for each page of the site. Once I do this I then name the pages appropriately to what I want people to type in to find the pages. Page names should be relevant to the niche your site is in. For example: Blondeshairedblueeyedgirls/tour1 should be renamed Blondehairedblueeyedgirls/niche-website-adult-business. If you are targeting niche website adult business. For some reason many people do not take advantage of this. We do not know why. Index1, Index2 is doing you no good unless you want your site popular for the word index.

9. Page text. The easiest way to write page text is just that, to write it. Don’t worry about using your targeted keywords just yet, just write. Write at least 500 words per page. This is where many web designers go down the wrong road. You see, they load up on graphics to make the site look all pretty but it backfires on them because the search engines will hate it. Graphics are great when they are on the page with at least 500 words targeting the main targeted keywords for that page. This is very simple but you need to take the time to perform this. Some people seem to think this is not important; we have no clue why.

10. Meta Tags – Title, Description, Keyword, Header, Alt, anchor. Out of all of these anchors, titles and headers are most important in my opinion. This is a whole separate article and for a full explanation of all I would have to write about 10 pages of text. I would send you over to searchengineguide or searchenginewatch. Full disclosure I have no relationship with these companies other than that I read what they write. They are very knowledgeable people.

11. Links. Between titles, headers and links you have covered most of optimization of your turnkey adult site. Links are basically people placing a button, banner or text on their site that brings the customer to you when they click on it. How do you get people to link to you? Good question. You can contact people in the same niche and request they link to you and you in turn will link to them. You can also submit your site to all of the adult search engines, directories and niche specific top lists. Start blogs regarding your niche market and write articles once you become an expert on the industry. The two resources listed in #10 of this article are good places to learn everything you need to know about links even though they don’t target the Adult Turnkey Business.

Posted in: Business \ Tagged: , , ,

Think Hard Prior to Choosing a Small Business Phone Service

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Several
firms all over the world, especially the small ones use a small
business phone service which helps them with their communication
requirements. Telecommunication companies provide services to all or any
sizes of businesses that call for a business phone service.

Over
time, small business phone services have advanced technically. With a
lot more functions incorporated along with a far more innovative system
as opposed to analog telephone system, it has been even much more
important than ever before. However simply because of the proven fact
that several business phone services, specifically the far more
sophisticated type remain expensive, small enterprises would prefer to
stay with their small business phone service. A whole new solution was
created not long ago and it’s a phone solution which uses the internet
connection permitting clients to make calls using the internet line. It
was referred to as VoIP (voice over Internet protocol) as a result of
that matter.

Innovative materials for communication systems have
been designed from recent years and it is what service providers have
been employing in their services. A smaller price of their merchandise
is what numerous providers are offering at present to supply small
business companies with a small business phone service. Of course a
small business phone service can not be likened to the total featured
telephone services that massive service suppliers provide as it just
consist of the basic features and functions.

Other small
businesses, most specifically those which are just starting to operate
their company, can not yet afford a small business phone service. What
they do is, to save money for future business dealings they designed and
produced a telephone system with customized phone lines and also other
answering machines.

You
will find certain suppliers who feature a small business phone service
that has additional features integrated. Plainly, a small company that
goes with that type of service can benefit much more from it due to the
extra functions. It’ll later on end up being a treasured essential to
your firm. And on account of the less costly cost that it’s been
offered, having this type of small business phone service isn’t too
challenging to attain.

When attempting to determine which small
business phone service to buy, do not neglect to think about the aspects
about what you need to have in a phone service. The cost of the
specified service ought to at all times be first in mind. Second is
consider concerning the size of your respective business, would it
actually make any difference to possess a superior business phone
service for ones small business? Is that type of service really worth
your valuable money?

All business phone service suppliers have
got hotlines that you are able to call. Their technical staff is ready
on the other line and ready to answer any of the questions regarding
their service product. Ask them questions pertaining to your concerns
for their item. At the same time inquire further concerning the price
and make a decision for your self if their service is efficient enough
for your small enterprise.

Posted in: Small Business

Small Business Office- Useful Fact For Start Small Business

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While many entrepreneurs feel forced to extend credit to their
customers for fear of losing future sales or just because it is standard
industry practice, if not properly managed businesses can easily find
them short of money when paying their providers or employees.

As you search for small business office
related info or other data pertaining to smallbusiness ideas or
business grants, take a little time to view the below article. It’ll
supply you with a fairly refreshing appreciation of the small business office
information you will need. After going thru it you will be more
informed about information in some form related bellsouth or maybe small
business ideas in the philippines.

There are several business
ideas in the field of service provision. If you’re in the stormy summer
months it’s going to be extremely profitable to provide grass cutting
services. Grass grows truly tall when it rains and often householders
barely have the resources to be doing their own yard work. Provide this
service and you may harvest great rewards. Small company ideas can earn
you big returns and they can be terribly straightforward concepts that
no-one else is doing.

A home business that taps into this
audience with a simple short promotional video may find its revenues
increase enormously. And once again, the way in which the process works
is fairly straightforward.Scheduling is a system for completing crucial
tasks before they become imperative. A proper schedule contains a
beginning, middle and end. It is not a task list nor is it correct
resource management, though it can help with both. Creating an effective
schedule and routine assures you align your business with your life,
the folk you work with, and the family and friends that you like.

INTERLUDE– Are you finding this work related to small business office so far beneficial? I hope so because that is the point of this piece of writing – to get you better educated on small business office
and other related small business phone systems, massage business,
capital one small business services, build a web site and info.

Many
exporters have suffered heavy losses because they overlooked the
undeniable fact that their products must meet the preferences and
requirements of the buyers in the target market. Although it is possible
to change people’s preferences through advertising, it is far easier
and cheaper to modify the product or to discover a market where the
product meets wants.

Remember, advertising is an investment. It
is rarely meant as a make money fast venture. Even if you advertised in a
paper with one million and readers, your ad isn’t going to deliver huge
overnight results. Those having an interest in this kind of advertising
can see great success but the plan must be budgeted effectively and
considered a long term method.

For your info, we revealed that a
lot of people that were looking for small business office also searched
online for smallbusiness plan, chase, and even small business grants for
veterans,san juan islands.

A home business that taps into this
audience with a straightforward short promotional video could find its
revenues increase enormously. And once again, the way in which the
process works is fairly straightforward.Scheduling is a system for
completing crucial jobs before they become critical. A proper schedule
contains a beginning, middle and end. It is not a to-do list neither is
it correct resource management, though it can assist with both. Creating
an effective schedule and routine assures you align your business with
your life, the folks you work with, and the family and friends that you
love.

Posted in: Small Business

If You Plan A Public Speaking Career, Voice Training Must Be Part Of Your Professional Development

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I always question why those who are either already speaking professionally or planning to do so, are not aware of the vehicle for their speech or presentation. It is called the speaking voice. Without it, they would have no career. Just ask Tony Robbins how important his voice is to him and what 30 years of talking without proper usage of his instrument has done to his throat and voice box! It is called vocal abuse; and, in his case, it is severe and permanent.

I liken public speaking without voice training to the doctor who never studied biology or the minister who is not familiar with the Bible. The vehicle for the doctors is their knowledge of the human body; the vehicle for ministers, on the other hand, is their knowledge of Gods word.

While you may believe that the microphone is going to solve all your problems on stage, you are mistaken. Microphones do one thing and one thing only. They amplify. If you have a wimpy sounding voice, the microphone will give you a louder, wimpy voice. If you already speak loudly and have any type of shrillness to your sound, the mic will make you that much more shrill. If you sound like a child, the mic will only serve to make you sound like a loud 6-year-old!

If, on the other hand, you find that you are hoarse or experiencing a sore throat after speaking for 50, 90 or 120 minutes, then it is likely that this will happen every time you talk for any great length of time. Again, it is called vocal abuse; and, unless you change the way you place your voice, it will only get worse.

Voice training has many, many benefits for the professional speaker, not the least of which is the prevention of vocal abuse. Beyond that, however, is the ability to discover your real speaking voice. Powered by your chest cavity instead of just your throat, voice box, mouth, and nasal cavities, the voice that makes use of the chest cavity will be deeper in pitch, resonant in sound and more mature in quality.

In addition, a voice being powered by the chest cavity can be amplified easily without shouting. It is called projection; but, it is only possible if the chest cavity is your primary sounding board.

Imagine discovering a richer, warmer, deeper voice that can truly captivate your listeners while preventing vocal abuse in the process. If you are planning a career in public speaking, look for a program that will show you how to find your real voice. Its in there. Its just a matter of discovering it!

Posted in: Career \ Tagged:

Corrective Business Management A Tactic For Survival

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Strategy
Review your business’s strategy. Does it make sense? Can it be executed? Is it too “pie in the sky?” How does it address your markets and your businesss core strengths? A clear strategic plan is the basis for success in good times and in bad times. Look at the big picture and determine the strategies needed to be set in place for success.

Execution
The best strategic and business plans are worthless without execution and metrics. Do you have metrics in place to measure performance against financial AND operational targets (objectives)? Which objectives are hitting the mark and which are not? Why? Who is accountable? What is being done to address the weak areas of performance? A business is only as strong as its weakest employee.

Customers
During a questionable or stalled economy it seems as if businesses of all sizes are quick to put customers (those who pay the bills) last. This is a definite no-no! It is time to re-evaluate what the business is doing to delight customers and prove that they come first. Customers are the companys best asset and it costs much less to keep existing customers happy than to find new ones. No matter what the business product or service offered, customers have choices. Take the steps necessary to make your business their FIRST choice. Ask THEM if their needs are being met and what improvements can be made within the company or organization to keep them satisfied and wanting to come back.

Cost and Expense
Businesses are quick to cut expenses and people when there is softness in the economy. This is so easy, that even a child with a lemonade stand can do it. But it is often NOT the right answer. First look at where resources are deployed. Most resources should be involved in driving revenue and overall customer satisfaction. Keep your overhead costs to a minimum and watch your bottom line expenses. If that means redeploying and retraining, then it should be done. Secondly, before there are lay offs cut the outside contractors and consultants and perform what you can in-house. Also, cut salaries and bonuses at the top of the organization first. The biggest cuts should be among the biggest bosses (not the customer) facing employees and sales force. Finally, ask for input, the people on the floor and in the back office usually know where the biggest opportunities for REAL efficiencies exist. Ask them, and when you do, be sure to act on their recommendations and recognize them for their ideas.

Speed
I am amazed by what the USA did to mobilize resources in a very short time during World War II on the home front. Factories went from making automobiles and refrigerators to making military tanks and aircraft in huge quantities in an amazingly short time period. Imagine what it would have been like if they had had computers. So why does everything (except perhaps the Internet) take so long today? The time frames required to develop new products and services are often years rather than months. Look at timelines required in your business today and cut them by 25% to 50% while maintaining the same level of quality if not better. It can be done and this will definitely be a competitive advantage for your business.
For example our company determined how to quick turn our design and graphics production timelines without sacrificing the final product or service. We implemented our philosophy to under commit and over deliver, and actually did it! We analyzed how much time was needed for all types of production and cut it down by 25%. Once successful, we then took another approach and cut the time down again, still delivering the same quality product and excellent service to our customers while maintaining our quality of assurance systems in place.

Innovation
It is a natural tendency of most businesses, no matter what size, to take fewer risks when times are lean and mean. This includes new and innovative ideas for products, services, marketing and the way business is done. The BEST time for risk taking and innovation is when the economy is challenging and other businesses are cutting back. While most businesses are tightening their belt, businesses that take risks and push innovation stand out among their competition. Innovation is not limited to research, development or marketing. It should encompass all functions and aspects of any business that show others that you have what it takes to survive and are taking the risk that most businesses wish they could. Either step forward into growth or step back into safety.

Terms such as flat, downturn, recession, and stalled economy drive chills through most business people at any level. Money is tighter and market opportunities shrink, but there are winners and losers in both good and not so good economies. By addressing these areas of strategy, execution, customers, cost and expense, speed and innovation, any company (regardless of size, market or industry) can be a winner during recession. It is all about being an effective leader in an economy where there is doubt about the future.

Correct management is definitely the key for a business to survive crises like the current economic climate. In order to execute correct business management, several strategies need to be observed, executed and measured. Businesses must smarten up, market, manage their people, and follow their vision.

Posted in: Business \ Tagged: , ,