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Information
BVI - New Memorandum & Articles of Association for Old
On 1 January 2007 all BVI companies formed under the Old Act (International Business Companies Act (Cap 291)) will be automatically re-registered under the New Act (BVI Business Companies Act 2004). There is an opportunity to re-register under the New Act during 2007. This means that it will be necessary to consider adopting new Memorandum and Articles of Association….Read more…Trade Up or Trade Down for Business Success
In an age of mass differentiation and low cost chic, there has never being a worse time to be stuck in the middle. Consumers are abandoning mid-range products in their droves, often opting for cheaper alternatives and saving up to buy the occasional luxury. At one end of the scale thrifty customers are cutting costs by buying supermarket own brand goods, whilst at the other end easy access to credit makes it possible to trade up to a BMW rather than settle for a Ford Mondeo.Read more…Potential Clients - Evaluation Criteria
Potential clients need to be evaluated for their ability to become steady clients. It's ok to pick up clients who you will see once or twice a year. When you are starting out, however, you need to build up a clientele of steady customers.Read more…Some Thoughts On Growth
There is nothing linear about growth. We like to think of it that way when we do our planning; we look out over the next five years and think about how we can push the growth rate from 5% a year, where it is now, to 10% a year, or higher. No matter how “clean” we want to make it, however, growth is a messy thing – and there is a geometry to it that is a long way from being a straight line.Read more…A Systematic Approach To Continuous Lead Generation
Lead generation is the lifeblood of any small business. Without leads you don't get new business. Without new business you go away.Read more…Consultant Cites Job Hunting As A Way of Gathering Business Intelligence
It’s not easy to get detailed, updated information about your competitors: their strengths, weaknesses, and current practices; or about organizations that are engaging in certain endeavors that are relevant to what you think you may be doing in the future.You can speak to their former employees and pore over every comment about the firms in the press and online, but still, you’re just getting a map.Maps, as you know, are somewhat handy, but they aren’t the territory.Read more…Consultants Help Fine Tune Your Business Performance
A consultant is a professional who provides expert advice in a particular area of expertise such as IT, management, marketing, or finance etc. Consultants identify companies' marketing or business needs, and they help companies improve their performance and profitability by analyzing existing business problems and developing future strategies. They help determine the most effective marketing and business solutions to your business, as well as the best ways to execute these solutions for the betterment of your business.Read more…R2 = EOC (Recruitment and Retention = Employer of Choice)
Problems with staffing and retention may not be due to bad hires or a low unemployment rate. In fact, they may be related to poor management insight by not recognizing your employees as a core competency in your business strategy. Although employees may not fit the strictest definition of a core competency, it is a fact that your employees are the ones responsible for creating many of your core competencies.Read more…Learning From the Jury - Are You Letting Assumptions Damage Your Business?
I recently completed 2 weeks of jury service and it’s an interesting and fascinating experience. Obviously I can’t tell you about specific cases but I do have some thoughts on the process of being part of a jury.In my first week, I was the foreman of our jury and that meant facilitating the discussion and making sure everyone could express their point of view and that we all agreed on our verdict.Read more…Resource Levelling
Resource Levelling is an often hotly debated topic!To level or not to level?Perhaps this story will throw up a helpful perspective.Read more…How to Establish a Successful Online Business Plan - Part 2
Continuing from Part 1, your entire business is hinged on the quality and value of your front-end or to say it another way, your business is hinged on the satisfaction of your customers.The big money is in the repeat sales, the backend products. If your customers are not satisfied with your front-end product their will be no repeat sales.Read more…It's 2006 - Do You Have a Human Resource Strategy
This new century demands that management have adaptive skills working across the generation diversity that exists in today’s workplace. No doubt people are an organization’s most precious asset. Today, unlike any other time in history, that asset is filled with generational diversity.Read more…Your Business or Your Life - Why Not Both?
Bring LIFE into the strategic planning processFace it – you didn’t go into business for yourself to give up all semblance of the life of your dreams! You had a great idea and/ or wanted to be your own boss. But you quickly found that you were sacrificing many things in your life – your workouts, your family, your yard, your health!Read more…New Product Development Strategy
For most of us, coming up with a creative idea is a painstaking process. I know I get my best ideas while doing something completely unrelated to my business such as walking, gardening or playing golf. But it's not always reliable.Read more…5 Bad Reasons For Starting A Business
It’s the 15th of the month and you need to make rent by the 30th – The only things that I can think of that guarantee a lot of money in a short time period are illegal. If you need a paycheck in two weeks then you are better off getting a job.Everyone is doing it- It’s true, a lot of people are starting businesses but at the same time a lot of people are failing in business.Read more…10 Ways to Increase Your Profitability
"Profitability is as dependent on cutting costs as it is on increasing sales."Profitability is as dependent on cutting costs at it is on increasing sales. As financial advisors, we are often called upon to assist management in reducing costs and finding alternatives to their unique situations.Read more…How a Custom Wall Map Can Help Your Business
Your retail store is open and you are finally in business. But some questions have been left unanswered. Like how do you reach your customers?Read more…Strategic Thinking – What Is It And Why Does It Matter!
The best place to start this conversation is with a basic and simple definition of Strategic Thinking…It is the Owners / CEO’s VISION of what his or her company will look like in the future; it is the thought process that goes on in the head of that Owner / CEO and his key people; it is very much like Picture Painting, it is this picture that will drive the direction, nature and focus of the business.Put simply – Strategic Thinking attempts to establish...“WHAT” the organization should look like while Strategic Planning focuses on the HOW to get there.Read more…Enterprise Architecture Inputs
Enterprise architecture involves the broad decisions to be made by an organization in the process of creating an organizational information support system. The process of implementing enterprise architecture has now become an inevitable part of present-day business. The inputs of enterprise architecture can dynamically change the business environment in many ways, because basically, it is a blueprint that integrates process and goals in a business enterprise.Read more…Enterprise Architecture
Enterprise architecture is the total picture of an enterprise. It incorporates the broad decisions that should be taken by an organization to build its information support system. It also acts as a master plan that coordinates different aspects of a business enterprise.Read more…
Most Recent Articles in Strategic Planning category
- Periodic Renewal for Greater Business Success - By: Darren Bourke
It's important to really be specific in detailing what you want to achieve personally this year. If you don't, things will just take their normal course. Nothing will change without you making it happen. - Wholesale Liquidation Directories Are A Great Source For Finding Suppliers - By: Joel McLaughlin
If you are looking for a wholesale supplier or distributor, the best place to look is in a wholesale directory. You can find exactly the sort of supplier you need by searching under the type of goods sold, product category, business name and location. - Effective Creation of Strategic Marketing Plan - By: Narinder Pal Singh
In today's world, it's all about creating customer value, and that means more than just explaining what your product can do that no one else's can. So while creating your website, please ensure that you supply as much information as possible about each product and service, including its price (or price range). - How to Get Your Strategic Plan & Business Plan on One Page - By: Darren Bourke
Having written many Strategic/Business Plans for clients over the years, I was often amazed to see how quickly the plan was filed away to collect dust in "business plan heaven" despite the time, cost and effort in preparing them. - Vision Without A Strategy Is A Prescription For Failure - Reverse Merger - By: Sonam Goyal
Many business owners with a dream to take their company public often neglect to prepare and plan for the future, very few small and mid-size companies have a business plan. A business plan is like a road map, and can be likened to when you go on a journey. Sometimes you need to change direction, it doesn't mean your destination changes, you are just getting there via a different route - Process of increasing sales via a definite strategic plan - By: Mandeep Saini
In business marketing, the commodities are sold to an organization i.e. one business dealer sells his products to another business dealer. In business marketing, industries are buyers. Whereas in consumer marketing, the business dealer sells his products to the end users. - The Importance of Business Strategy Planning - By: Nazeer Daud
Strategic planning in business is important from the perspective of the long term health of your enterprise. Figuring out where your business is going is fundamental to strategic planning and to your overall success, and taking the time out to pinpoint strategic objectives is a worthwhile practice for all small business owners. - Business Plan Fasters Your Way to Success - By: Neeraj Walia
I thought my business was important to me. I would make a few prospecting calls here and there, but not too consistently. I would place classified ads here and there and that too was not consistent. I just did those things when the mood struck me. No wonder I wasn't getting anywhere. - Three Keys To Meeting Success - By: Baldwin Tom
Help participants experience Process, Content, and Psychic satisfaction in meetings or in work situations, and positive energy is guaranteed. This article spells out the three keys for success. - Avoid Square Peg in Round Hole to Achieve New Project Success - By: Baldwin Tom
A simple, but not always obvious, set of stages (Goal, Process, Resource, and Structure) in facilitating project success is presented that make sense. By simply asking a set of four questions in sequence, and answering those questions, the plans for a successful project are enhanced.