Business Strategies Implementation It is always good to have an excellent strategy but it is just a waste if not implemented as per the expectation. It is very important for any business to implement as well as analyze the effect of the strategy with specific milestones.Firstly create a strategic plan which should be more in depth and specific compare to high-level strategy document. It should include not exclusive the overarching strategy...more
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Questions you must ask yourself before setting up a wholesale business Introspection is better than retrospection and that is why thoroughly scrutinizing your business plan before you actually start working on the strategy is a must, even if you are in totally high-spirits and questioning the plan sounds like an off putting activity. Following are the four most important questions that you must ask yourself before starting a wholesale business as an entrepreneur. Finding answers to all these questions could be really helpful for having a successful wholesale business. Product selection – Is the demand really there?This one is rather obvious and most people will bear this in mind while making the decision regarding product. Ask yourself, if the productyou are about to start wholesaling is really in demand, in your area and do you have a reliable wholesale supplier to meet that demand? You must be able to answer this question with the help of facts and figures and not just your gut feeling. Pay attention to the last part of the question, which is the presence of demand in the region where your wholesale business will be located.Capital – Do you have enough of it?Do not...more
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What If I Want To Be A Better Boss in My Family Business? Being a good boss today is harder than ever—and more important. Here are things every businesses owner can do to become the kind of boss required to run a successful family business.Here are some points that you should review daily while thinking about the management style of your family business:• I will always do what I tell my employees I am going to do.• I will not use common sense … I will use imagination.• I will forget about the past, not think about the future and focus on the present.• I will always show my employees respect when I communicate with them.• I have to help the people around me become more productive.• I will make myself seen in the workplace.• I will be positive and always tell the truth.• I will accept the limitations of my employees.• I will not let a client or customer be rude to an employee.• I will hire for character and train for skill.• I will never compromise integrity.• I will make sure that my employees know the role they play.• I will not be indifferent.• I will respect my employees' private space.• I will treat my employees like a team not just like...more
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