Tweak Your Biz » Management

At some point most businesses will need a business plan. A business plan is generally required to secure internal or external investment or apply for funding such as a bank loan or enterprise agency support in order to exploit an identified business opportunity. As someone who writes business plans and provides training to entrepreneurs on how to write their business plan, I strongly recommend using a business plan template. I also suggest taking due care and attention in crafting the…

“The only constant thing in life is change.” We all have heard of this adage and can’t help but agree on this truthful statement. Change is everywhere. Whether you like it or not, you will experience some transitions, both major and minor, in your lifetime. Changes in an office setting is not an exception. What are these changes? Aside from daily tasks that stresses you one way or another, changes like these can add up to the things you have to deal with at work: Introduction of a new…

Recognizing problems early can save a lot of work later on down the road. Some people can see a problem miles away and some people have to wait until the problem arises. I guess some people are skilled at preparation and others are skilled responders. I always like to be prepared for problems before they occur. A few nights ago I heard a commander for a special operations naval team explaining that there were two words that always spelled failure for a mission, “too late.” …

“So we divided this month’s workload and you can see your part on the sheet in front of you.” said David my colleague  (name changed for sake of privacy). I stared sheepishly at the sheet in front of me and simply blabbered: “Well…. He did not know but at that moment, my mind was catapulted into a complex calculation and graphical illustration of probability and long-term sustainability of work-load. Charts rose up and functions intersect splattering out…

Companies exist to make money for their owners. To do that, they must provide goods and services that people want, at competitive prices. And to be competitive, they must manage costs and time. The largest fixed cost in any company is often headcount. Fixed costs weigh on the financials whether sales rise or fall. While a bustling office full of busy people making sales and pumping out services is a joy to experience, there’s also the other kind of office: the place where legions sit…

Procrastination is a seriously bad habit that most of us have. Productivity in the workplace is hampered by this attitude. Projects and tasks get delayed by this and the efficiency of the workplace is compromised because of the minimal work being done. Businesses are not moving forward and eventually because of this their target profits may not be realized. The Merriam-Webster dictionary defines procrastination as: transitive verb: to put off intentionally and habitually  intransitive verb: to…

At the end of the third quarter of 2007, Nokia announced huge gains in both profits and revenue, driving their stock price to an all-time high of $40/share. In a widely publicized interview after the release of the quarterly results, the CFO proudly emphasized that it was Nokia’s low-end cell phones, selling for $40 or so, that were driving the business. He somewhat flippantly noted that it didn’t matter that Nokia’s average revenue per phone they sold was dropping, due to their success…

I have spent a great deal this year writing and talking about best practices for entrepreneurs and startup creation. We explored branding from the Wu Tang Clan, lessons learned from Breaking Bad, Bootstrapping like Macklemore and Ryan Lewis and we discussed motivational factors for entrepreneurial and best practices for crowed sourcing. On radio and podcast, we explored marketing and brand on a tight budget and workplace balance for new entrepreneurs. I ended the year by traveling to the United…

While friends and family members are decking the halls, putting up the tree and baking delicious items, you’re trying to work diligently to finish up projects before the holidays are officially here. With the temptations of slacking off, munching on cookies and snagging some great holiday deals online, when could there possibly be time to work? Keeping your focus during the holiday can be tough, but there are steps you can take as a business or self-employed individual to make the holidays…

As a small business owner, it can be a challenge finding just the right employees. What’s the right fit? How much background should they have? Too much education or too little? Can they be over qualified, or not qualified enough? Let’s take a look at some of these questions. How much education should employees have? That depends on a lot of things. How much are you willing to train them is the first one, and how specific are their duties is the second. If you are hiring someone to…