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  • Casual Articles - Business Change, Growth Strategy and Productivity: How Do You Destroy Your Business Creatively?

    Franchising Offers NO Guarantees --
    You have to ask --- IS a FRANCHISE FOR YOU?There are NO guarantees. You invest your money and take your chances. My own experiences include franchises for personnel agencies, temporary help services, diet centers, restaurants and PC training sch
    they are to you. The more you use them, the more return they should give you. Where your business only creates marginal value, your returns might b
    Manager Training Requirements in Franchising Companies
    Franchising companies must be very specific with regards to manager training and requirements for their franchised outlets. It is ultra-important to maintain consistency, quality and customer service in a franchising company. The name brand depends on it
    Sometimes when I am coaching the owner of a medium-sized company, I will remind them how Jack Welch of General Electric said “If we don’t systematically destroy our own business, our competitors will.”

    The big question

    Once the boss gets over the initial shock, we review each part of the enterprise, asking “If you were not already in this business, would you enter it today, knowing what you do?” Pruning dead wood leads to a stronger business.

    Good investments give good returns

    As you consider your investment in machinery and buildings, look realistically at what use they are to you. The more you use them, the more return they should give you. Where your business only creates marginal value, your returns might be

    The Importance of Assigning Tasks and Resources in Project Management
    There are two major ways to estimate the lengths (i.e., durations) of tasks. The simplest way is to estimate the elapsed time of a task.If someone says it will take him a week to do a particular task, he is probably offering an elapsed-time estimate
    estroy our own business, our competitors will.”

    The big question

    Once the boss gets over the initial shock, we review each part of the enterprise, asking “If you were not already in this business, would you enter it today, knowing what you do?” Pruning dead wood leads to a stronger business.

    Good investments give good returns

    As you consider your investment in machinery and buildings, look realistically at what use they are to you. The more you use them, the more return they should give you. Where your business only creates marginal value, your returns might b

    Solving the Public Relations Puzzle
    You often hear people refer to public relations or PR as something positive or negative that a company received in response to an action. “Wow, they got good PR out of that!” But, what exactly does that mean?The confusion about what public relatio
    nterprise, asking “If you were not already in this business, would you enter it today, knowing what you do?” Pruning dead wood leads to a stronger business.

    Good investments give good returns

    As you consider your investment in machinery and buildings, look realistically at what use they are to you. The more you use them, the more return they should give you. Where your business only creates marginal value, your returns might b

    Outsource or Else!
    Outsourcing and its corresponding job losses in the US continue to create endless arguments, as expected.All of a sudden the fact that some jobs – quite a few really – continue to be exported is becoming a political issue. All of a sudden also, a nu
    ness.

    Good investments give good returns

    As you consider your investment in machinery and buildings, look realistically at what use they are to you. The more you use them, the more return they should give you. Where your business only creates marginal value, your returns might b

    The Mindset of Successful Doctors
    This is something I get to observe each and every day as a consultant, and indeed as a treating doc. What separates the hugely successful from the rest in most areas of life? You probably have read similar stuff dozens of times. But if you are not “confide
    they are to you. The more you use them, the more return they should give you. Where your business only creates marginal value, your returns might be better on a high interest savings bank account.

    When to walk away

    Some assets are not easy to liquidate or move, so you may have to abandon that business systematically: making all further investment decisions on a zero base (ignoring investments sunk so far); selling bits off when you can; and milking the unsaleable parts for income without further investment.

    Minimising people pain

    Of course these decisions will impact your employees. Some jobs may need to go now to enable you to employ more people later. If you treat people with care and consideration and

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