Will You Add? - Business

Safeguards Agaist Employee Dishonesty
Losses through theft and fraud vary considerably by the type of operation and the efficiency of their management. To fully understand the cost lets look at the following example:Losses range, for example, from 1.5 percent of sales for a well-managed department store to about 13 percent for a loosely controlled operation. According to one estimate, dishonest employees account for over two-thirds of retail theft and shoplifting for the remainder. Even though you cannot eliminate stealing entirely, you can take steps to minimize it. The key lies in the proper mix of the right controls.The best safeguard against employee theft is the worker whose integrity is beyond question. Too many retailers take integrity for granted. A storeowner or manager should take every precaution to ensure that the people hired

they have brought a new entity into the world. Much like giving birth to a child. The company now has an independent exis
5 Mistakes to Avoid While Building Your Small Business
In my years helping small business start-ups, I’ve seen the same mistakes repeated over and over. Many of these mistakes are the same ones I made with my first business two decades ago. They’re really easy to avoid for start-up entrepreneurs who are willing to learn the secrets and short cuts of other successful entrepreneurs. With each, I’ve included the rationale behind the mistake and how you can avoid it. Depending on where you are in the start-up process, use this information to avoid unnecessary struggle, wasted time and money.1)No business planBefore you start your business, you need a simple, written business plan, even if you’re solo. The plan should explore:Your products and servicesYour pricingYour projected year one gross revenuesAll your projected expenses<
Every year, many business owners choose to incorporate their companies. They may make this decision at the outset, or may arrive at it later because their business is growing and they want to shield themselves from the risks that growing businesses face. Either way, the business owners want to limit the extent to which their personal assets are at risk, should something damaging (usually, a lawsuit) arise. It's a wise move.
What entrepreneurs often don't focus on, though, is the fact that, by incorporating, they have brought a new entity into the world. Much like giving birth to a child. The company now has an independent exist
AT&T and Bell Merger; Can We Just Shut Down the FTC?
Remember the big break of AT&T years the prior? All the commotion about a monopoly and what do we see today? A huge merger putting more pieces back together again and what is this Humpty Dumpty syndrome? No one seems to get it; all the Kings horses and all the Kings Men could not do it before, remember? Oh, but it is okay for the FTC to go around pushing our Corporate Nest Eggs off the wall?They attacked AT&T and Microsoft but really if you think about it the government regulators are complete morons? The AT&T break-up did not lower prices for consumers, it did not make service better and it did not help America. Now that the Telecom Industry is all screwed up and destroyed, it is okay to let them put the pieces back together again? Why did the FTC waste everyone’s time to begin with? What utter in competence
it later because their business is growing and they want to shield themselves from the risks that growing businesses face. Either way, the business owners want to limit the extent to which their personal assets are at risk, should something damaging (usually, a lawsuit) arise. It's a wise move.
What entrepreneurs often don't focus on, though, is the fact that, by incorporating, they have brought a new entity into the world. Much like giving birth to a child. The company now has an independent exis
So What's Next? The Secret to Assessments
When it comes to personality profiling, the human development industry has countless tests and assessments from which to choose. These instruments may differ greatly on the surface - in the number and names of the archetypes each model advocates and the method through which a person's type is determined. But at their core, they are all attempting to accomplish the same objective: divide humanity into a manageable number of types and describe each type as a set of distinct and demonstrable characteristics. These "psychometric" instruments are designed to "measure the minds of respondents and provide them with greater insight and understanding of themselves. Because of that, they have increasingly become a core service offered by professional trainers, coaches and consultants.The ways in which the professi
ither way, the business owners want to limit the extent to which their personal assets are at risk, should something damaging (usually, a lawsuit) arise. It's a wise move.
What entrepreneurs often don't focus on, though, is the fact that, by incorporating, they have brought a new entity into the world. Much like giving birth to a child. The company now has an independent exis
A Vision of Failure
What would it take to make your business fail? What conditions could precipitate and sustain “the spiral of death”? What would complete financial collapse really look like? If your primary competitor acquired the firm, where would they strip out expenses, and what assets would they covet? These are grisly questions to consider, but sometimes we need to envision complete breakdown and failure to understand how to prevent it, and find the next level of success.Envisioning the failure of your organization is not a pleasant exercise, in fact it can be downright scary. In life, and in business, none of us like to think about potential failure, let alone describe it in gory detail and wallow in it. Yet, in a controlled environment, it will be one of the most useful and enlightening discussions a management team wil
lly, a lawsuit) arise. It's a wise move.
What entrepreneurs often don't focus on, though, is the fact that, by incorporating, they have brought a new entity into the world. Much like giving birth to a child. The company now has an independent exis
Restaurant Businesses for Sale
If you have been hunting for businesses for sale, you have probably noticed that there are more restaurants for sale than any other business. Why are restaurants one of the most popular businesses on sale? It may be because there is a big market for restaurants. Or it may that these restaurants are being sold by their owners because they are not bringing in enough money to stay afloat. Actually, both reasons are right.There is indeed a big demand for restaurants, especially good ones. However, there is also a high failure rate in the restaurant business, and many restaurateurs want to sell their business before it fails. If you are planning to become a restaurant owner, you must consider a number of issues such as these.There are many options when starting a restaurant business. You can purchase an ex
they have brought a new entity into the world. Much like giving birth to a child. The company now has an independent existence that can, literally, outlive you. The company has needs separate and apart from yours (such as a need to be able to pay its own bills, in addition to paying you). And if you do not treat the corporation properly as an independent "being," the privilege of shielding yourself and limiting your personal liability can be taken away from you (as children, in certain extreme situations, can be taken away from their parents).
In order for a corporation - any corporation, no matter how large or small -- to

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Will You Add? - The Simple but Powerful Reasons for Corporate Minutes

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