By Neil Bromage
Working a company is rarely effortless. because the supervisor of a small enterprise you have got in a single individual to be an accountant, purchaser, visionary, researcher, entrepreneur and shop clerk. right here you will find aid and recommendation on construction a greater enterprise. anyone of the a hundred principles and methods packed into this beneficial source publication has the aptitude to make a severe distinction in your company's effects. simply reflecting and performing on one subject per week may perhaps rework its functionality. The booklet is organised into six sections, every one of which provides invaluable insights into as regards to each zone of commercial administration. In them, you will discover a hundred bite-sized, inspiring and eminently action-able issues akin to: elevating your corporation profile with potent PR; convalescing offers from providers; decreasing your undesirable bills; powerful advertising on a shoestring; promoting concepts that actually paintings; and making a powerful model.
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Additional resources for 100 Ways to Make Your Business a Success
Remember, only one company can be the cheapest: all the others must be innovative. 18 Strategic Alliances Many hands make light work - 'team' businesses can offer a better way to compete in the marketplace. Most people running small businesses would prefer to remain small and manageable. That does not mean that at times they shouldn't think big, if only for a limited time. Businesses are waking up to the fact that strategic alliances or partnerships can provide platforms to bid for larger projects or take on more interesting work.
Drawing up a job specification? Advertising? Interviewing? These are all easily overlooked areas. 52 M A K I N G Y O U R B U S I N E S S W O R K / 53 Staff relations Your staff are one of your greatest assets so you should treat them as such. But exactly how do you view each other? Do you have appropriate codes of conduct for all your staff, outlining steps to be taken when rules are broken? Business communication How do you or your employees communicate with your customers or each other? Have you lost business because of inadequate communication skills?
This may well mean a cultural change throughout the business and encouraging people to share ideas. This can be done everywhere - in product development, service and production - but will involve getting the right balance of creative, technical and managerial skills. To profit from ideas and become truly innovative evaluate your current position within the marketplace, customers 1 needs and demands and the effectiveness of your products/services to fulfil these. The more value that can be added to the product or service the more likely it is that sustainable competitive advantage can be developed.