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Friday, 18 April 2008 |
By Michael Laleye
Too many times businesses make a decision based on how it affects the owner without taking into consideration how the decision will affect many others involved in the business. Owners may not realize who, or what will be affected by their decision until it is too late and once the decision is made, even when they realize it was a bad move, they may be reluctant to change back to their original operational standards.
Consider a simple decision about the business's hours of operations. Take the example of a small, mom and pop retailer that currently is open from seven in the morning until 10 at night. The owners decide they want to open earlier and close earlier, while still being open for business the same number of hours. They calculate that expenses probably will not change as payroll and utility costs will remain the same and make the announcement that they will now be opening two hours earlier at five in the morning and closing at eight at night.
The first obvious consideration should have been the employees that are accustomed to starting work at seven. There may be legitimate reasons they cannot |
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Last Updated ( Friday, 18 April 2008 )
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Friday, 18 April 2008 |
By Jinger Jarrett
Many people online today would love to start a business. After all, there's plenty of advantages to starting a business like setting your own hours, the potential for financial freedom, as well as an opportunity to create your "dream job."
The problem is that most people also don't know how to get started. The internet is jam packed with tons of information on starting a business, and it can quickly become confusing.
However, by asking yourself the right questions before you get started, you can quickly lay a solid foundation for building a successful business.
1. What do I like to do?
If you start a business because the business you've chosen is popular, or you think you can make a lot of money from that business fast, you're setting yourself up for failure.
If you're really serious about starting a business, choose something you are interested in. Look at your hobbies, what you currently do in business, things you like to talk about and then find out if there's a market for it.
If you succeed, you'll be with your business for a long time. Do something because you |
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Last Updated ( Friday, 18 April 2008 )
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