My last two articles talked about some of the strategies needed for PPM to be effective. In this article, I'd like to discuss the third strategy: contribute to a positive cash flow.1.Be aligned with the firm's strategy and goals2.Be consistent with the firm's values and culture3.Contribute (directly or indirectly) to a positive cash flow for the enterprise.4.Effectively use the firm's resources - both people and resources5.Not only provide for...more
Starting a small business nowadays is the leading trend for people looking for sources of income. Not only does it provide income, but a business improves the life of the owner as well. A good business has the capability of giving good income that can lead to a good source of living in this very competitive world. However, establishing a business is not as easy as it seems since you must be ready for all the consequences especially the negative...more
Your restaurant operations numbers, your financials, your marketing, even measure your customer/guest experience" measure everything so you know how you rate. Quantify it so you can constantly work on and improve it and your profitability.Don"t forget the basics. Don"t forget what made you successful.Together with the marketing, you need to concentrate on an important feature. Keep a customer database so that you can market all these things and keep all the pertinent information you gather from the guests that you have now.People are always infatuated about going out and getting new guests, which you need to do, but it"s not nearly as important or profitable as marketing to your existing guests. You need to have ongoing communication with your existing guests: monthly newsletters, birthdays, anniversaries, thank you, and any other monthly promotions of things happening - a feedback system. This does not mean or have to be discounts.It may mean something more expensive than you"re used to selling " perhaps a package dinner with wine, flowers, chocolates - something to take home. Oftentimes this can be more expensive if you create a very exciting and compelling offer for your...more
It's not enough to just think about raising capital and generating revenue in your business - it is just as important to think about managing your cash flow. And during tough economic times, or a recession, one of the tactics that can help small businesses is called factoring.Just what does managing your cash flow mean? Basically this means that...more
"My Online Business Strategy" is a home-based business that has the potential to bring in huge income through online interaction. This system, designed by online business guru Gary Gregory is making waves on the Internet for its innovative system. It is an original creation in a market full of repackaged scams. What are some of the benefits of...more
It does not make a difference if you've the very best selling item or a Link Liberation Bonus that is designed much better than all the rest. In case you aren't creative and do not use it in promoting your Link Liberation Bonus, then your enterprise...more
In closing, you are the one who is ultimately in control of what you do or don't do. If you are struggling in your home business, these may be a few of the reasons why. I know that successful entrepreneurs all have these things in common and they...more
For various reasons many people are faced with the question of whether they should go into business for themselves or not. This is not an easy decision to make and we will offer a few reasons why you might want to do this.1. When you have your own...more
Therefore, with the help of these loans the monetary complexity will be effectively sorted out on time without any tedious formalities.Same day loans: Same day cash support for emergencies By: Farah Nick About the Author Farah...more
Building a website is not a game. Even a well experienced techno grants find difficulty while working on it. So for people like us who barely know anything about HTML, building a website is next to impossible so at the end we leave this task to...more
Monavie is a company that was introduced in January of 2005. They develop and market nutritional products that they say have been scientifically formulated. The main ingredient in the Monavie product line is the Acai Berry. This fruit is found in...more