Will You Add? - Business

5 Steps to Continuous Process Improvement
Part One of Creating Well-Defined Processes SeriesWhat if your sales increased from $100,000 to $110,000 per day and your profit increased from $10

Don't just whack a service you've been providing your customers. If you need to cut, look inside your business for processes and procedures that can be streamlined to save you money. Cut the fat

Tips for Finding the Perfect Partner
As more and more people seek to make their fortunes by starting their own business, there has been an increase in interest in finding the perfect business partne

There was a buzz in the air recently about the US Postal Service. Seems as though they were running into a budget deficit in the billions.

The Postal Service claimed they must cut Saturday service to customers to stay afloat -- a service they had provided for years. And one that customers expected. They said people using email instead of regular mail made a major dent in their profits. Customers were in an uproar. If customers had a choice, they'd lose many. Welcome to the real world of business.

There are three lessons in this for your business.

Lesson #1:

Use indicators, in addition to cash flow, that help you watch the ebb and flow of your business. What can you measure that will tell you quickly -- so you can act -- about what's happening in your business?

Lesson #2:

Don't just whack a service you've been providing your customers. If you need to cut, look inside your business for processes and procedures that can be streamlined to save you money. Cut the fat

Customera and Loyalty
Loyal customers are the foundation of almost every business. Going the extra mile to provide outstanding customer service is the first step to customer loyalty.

to customers to stay afloat -- a service they had provided for years. And one that customers expected. They said people using email instead of regular mail made a major dent in their profits. Customers were in an uproar. If customers had a choice, they'd lose many. Welcome to the real world of business.

There are three lessons in this for your business.

Lesson #1:

Lesson #2:

Don't just whack a service you've been providing your customers. If you need to cut, look inside your business for processes and procedures that can be streamlined to save you money. Cut the fat

Information as a Competitive Advantage - Part 7, Cost Reduction
A cost cutting strategy is very popular in the business world, especially during recession or falling revenue periods. The Business which achieves to maintain th

were in an uproar. If customers had a choice, they'd lose many. Welcome to the real world of business.

There are three lessons in this for your business.

Lesson #1:

Lesson #2:

Don't just whack a service you've been providing your customers. If you need to cut, look inside your business for processes and procedures that can be streamlined to save you money. Cut the fat

Business Process Management
The term Business Process Management (or BPM) refers to activities performed by businesses to optimize and adapt their processes. The activities which constitute

addition to cash flow, that help you watch the ebb and flow of your business. What can you measure that will tell you quickly -- so you can act -- about what's happening in your business?

Lesson #2:

Don't just whack a service you've been providing your customers. If you need to cut, look inside your business for processes and procedures that can be streamlined to save you money. Cut the fat

Little Known Facts About Why Home Businesses Fail
So you want to be a self made millionaire and you have started a home based business with a company but somewhere along the hype line you have lost your way.

Don't just whack a service you've been providing your customers. If you need to cut, look inside your business for processes and procedures that can be streamlined to save you money. Cut the fat of your business, not the services.

Lesson #3:

Always be on the lookout for new competitors entering your business space. Don't wait for that competition to start taking away your customers. Be proactive. Find ways to offer more value to keep your customers loyal.

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Are You Ready to Move Up Market? Moving up-market means you either offer more comprehensive (read, more expensive) services to your existing clients or you up-shift to a higher end clientele.

Even though many on-line transaction processing (OLTP) systems enable the direct production of reports, this approach does not assure: - a sufficient level of detail in the facts captured - the ability to perform time series analysis (no historical data available) - the option to evaluate data in a differentiated view, by 'highlighting' certain dimensions of the business process and hiding others - the integrity, clarity and accuracy of facts and the single version of truth - the ability to produce complex reports, without overloading the operational system.

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Will You Add? - Three Business Lessons From The US Postal Service

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