When_Should_You_Fire_An_Employee

As a small business owner, you can’t afford to take risks when it comes to hiring the right employees. Sometimes, however, you make a mistake and you hire someone who you shouldn’t have. When is it time to fire this employee? Here are a few guidelines for how to go about dealing with inefficiency in…

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Focus_on_your_Top_Priorities

Every small business owner knows that it takes never-ending effort and constant work to build a successful company. There are so many things to do, and only so many hours in a day! But you can’t allow yourself to become too busy to focus on the most important tasks. Many entrepreneurs find themselves in a…

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Structure_Of_An_Insurance_Policy

Policies are designed with the following objectives: Providing coverage that is attractive in the marketplace Limiting risks to those that can be actuarially quantified Spreading risks over a large pool of policy holders Rating (pricing) policies based on quantifiable risk factors Controlling the cost of claims management and settlement The underwriters are responsible for approving…

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Exit_Strategy

If you funded your startup through outside investment, then this question will come up at some point, “How do I get my money back?” So, what’s your exit strategy? You need to have something planned. You always hear about taking a company public with an initial public offering, or IPO. You put your company on…

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In the business world, you hear all the time about how important it is to innovate. But when you get past the talk, how do you actually do it? Being innovative is really hard work! But to win more customers and outshine the competition, it’s a necessity. Adam Richardson, the author of Innovation X, described his thoughts on how…

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There is no cookie-cutter solution to life. There’s no silver bullet, no magic button you can press that fixes every problem, provides every answer, and guarantees success. The reality is that there’s no way you can be certain  you have everything right (if it even were possible to have everything right to begin with); the only…

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Insuring_Your_Business_Property

A small business is almost always better served with an “all-risks” policy than with a “named peril” policy. The named peril policy will cover risks that are specifically enumerated in the policy, whereas the all-risks policy will cover risks that are not excluded. With the all-risks policy, business owners don’t have to manage duplication of…

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It’s not about you. That’s the secret that every person needs to learn in business—it’s not about you. It’s about helping others, about putting what other people need ahead of what you want. The secret to business is providing value to your customers, not looking for ways to make money for yourself. To provide value…

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What_Is_A_Sales_Alliance

Marketing and advertising is one of the biggest expenses facing a small business. How do you bring in new customers, build goodwill with them and develop their consumer loyalty? Many marketing strategies are vast in scope, reaching huge numbers of people who have no interest in the business or its products; only a small percentage…

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Adam_Silver_Leadership_NBA

There are a number of risks facing your business, many of which you might already be very aware of. Another risk that is increasing rapidly in recent years is product liability. Manufacturers and retailers confronting this issue have had to increase the costs of their goods and services in order to pay the price for…

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