We have all been there. We spend our time running from one fire to another. Some of these fires deal with closing that next deal, making the next sell, and getting money into the bank so we can make this week’s payroll. Of course, Karl Marx and Warren Buffett would be happy with the amount of Capitalism that is taking place. We are making money and that is an important goal for a business but sometimes we end up forgetting about the Big Picture.
Strategic Analysis (SWOT Analysis) — Prior to the acceptance of mission and vision statements, we recommend the conduct of a strategic analysis to identify strengths, weaknesses, opportunities, and threats (SWOT)
Have you ever been asked to participate in one of those “national polls” used to predict everything from presidential elections to the latest trend in fashion? No? Me either – I have never been asked to participate in a poll but somehow they sure are able to accurately predict elections, fashion trends…you name it.
How does your business see quality? If a product or service is produced within the specification limits … isn’t that good enough? If we promise to deliver that pizza within 15 minutes and it arrives at the customers table in 13 minutes that is good enough … right? WRONG. Here are three of reasons.
A good system is easy to use, provides essential information in a timely manner and has an appropriate level of detail for the type of operation. Components of a record keeping system include:
You want to start a business, but you’re not sure what it should be. One approach is to try to find a niche market – a small sector of an existing market in which you can specialize. This may take some very creative thinking.
The PX is opening their doors to small business! Fort Sill AAFES announced the opportunity to sell unique products through the Fort Sill PX. Here are the high points of the opportunity: