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Will You Add? - The Long and The Short Of It - Balancing Today's Business With Tomorrow's Prospects
You don’t have to be a genius to recognize that a lot of money is tied up in MRO inventory ….especially if your business requires the use of capital-intensive equipment. Literally millions of dollars are tied up in spare parts for day-to-day Maintenance, Repair and Operations (MRO).Historically, no one ever really ‘owned’ inventory, so stocking another item “just in case” had very few, if any repercussion
In a mobile detail or mobile car wash business you are on a first name basis with your customers. You sink or swim with your ability to please your customer and rely on them to build your business by referring their friends, associates and neighbors. One excellent way to insure referrals is to set up a “Customer of the Week Program.” Here are some pointers to help you do just that.Programs And Certificates
Managing for the short-term gain means making dollars-only-decisions, driving people hard and prioritizing cost over ultimate value. Cutting out or failing to add anything that does not yield an immediate benefit is the mark of a business being managed only to a short horizon. Much damage can occur under the cloak of seemingly sensible frugality. If you don’t buy any seeds to plant, how can you expect anything to grow?
An example of this is not investing in your people. You give your team incentives to deliver results based on the clear goals set forth. Results are measured daily, weekly and monthly, and you hold them to consistently delivering those results. While your passion for winning and your rewards to your employees for doing so are important, short-term results orientated thinking should be balanced with longer term investments in the training and development of your staff. Think of this as sharpening their axe. Would you rather pay your
When people think of writing, they invariably think of story writing or creative writing. Curriculum Vitae (CV) (or resume) writing is an entirely different discipline to creative writing although the rules you learn through creative writing regarding grammar, spelling and punctuation are extremely important in CV writing, even if the creative aspect is not required.Since your CV is a shop window for you
Managing for the short-term gain means making dollars-only-decisions, driving people hard and prioritizing cost over ultimate value. Cutting out or failing to add anything that does not yield an immediate benefit is the mark of a business being managed only to a short horizon. Much damage can occur under the cloak of seemingly sensible frugality. If you don’t buy any seeds to plant, how can you expect anything to grow?
An example of this is not investing in your people. You give your team incentives to deliver results based on the clear goals set forth. Results are measured daily, weekly and monthly, and you hold them to consistently delivering those results. While your passion for winning and your rewards to your employees for doing so are important, short-term results orientated thinking should be balanced with longer term investments in the training and development of your staff. Think of this as sharpening their axe. Would you rather pay you
Workplace violence has become one of the biggest concerns for managers, corporate executives and Human Resource Departments in the past several years. In fact, the shear number of incidents of workplace violence is staggering.A report issued by the Occupational Safety and Health Administration (OSHA) after an extensive study, showed that "homicide is the second leading cause of fatal occupational injury
An example of this is not investing in your people. You give your team incentives to deliver results based on the clear goals set forth. Results are measured daily, weekly and monthly, and you hold them to consistently delivering those results. While your passion for winning and your rewards to your employees for doing so are important, short-term results orientated thinking should be balanced with longer term investments in the training and development of your staff. Think of this as sharpening their axe. Would you rather pay you
Do you remember being 16, 18, 21, full of dreams and aspirations, feeling unstoppable and ready to take on the world? Where is the dream life you had all planned out? Do you now sit quietly while others are being promoted right over your head? Contrary to popular belief, good things DO NOT happen to those who wait. Good things happen to those who go after what they want, with PASSION and FOCUS! Your ONLY obstacle
The glitz and glamour of the fashion industry may keep us jaw-dropped in awe and desire, but rest assured, it does not come easy. We keep drooling over the gorgeous ladies and gentlemen in godly shapes and looks, which put the ramp on fire, and secretly wish to be like them. However, what we see is only the end. The means often remain buried beneath all the hype and hoopla.Being a supermodel is no duck sou
In an increasingly short-term focused culture, it can be hard to fight the instant gratification instinct. Let’s look at some other dollars we spend today gambling that the future value of the net cash flow that investment generates will be greater than the present value of the cash today or the opportunity cost of doing something else with that money. Investing in research and de
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