Everyday, people are pouring their entire life savings, betting their children's education funds, and risking their marriage to fulfill a life long dream of opening their own restaurant. No doubt, there are risks involved – lots of risks. It's important to not tumble into the traps that have already robbed the dreams of so many restaurateurs. Here are the top 5 'new business' mistakes to avoid when deciding to open a new restaurant.

Destroy your business records, or else! Identity theft is bad enough without businesses making it easy for the thieves. If common sense isn't enough motivation for you you to properly dispose of customer information, then maybe a federal law will help.

Concerned, nervous, panicky, discouraged; any of these terms could be used to describe the feelings of American manufacturing companies when considering their offshore competition. But being competitive involves a LOT more than just cutting prices, and there are actually several areas where U.S. companies can look to compete. Let’s see what those are.

There is no particular set of rules that one should follow in motivating employees. We each have our own driving force when it comes to doing an excellent job at work...

If you are considering going into business for yourself, it makes absolute sense to be as prepared as possible. Here is a checklist of things you need to consider.

Year-end often means the annual performance review dance is about to begin. Our suggestion - don't do them at all if you're only doing once a year! Performance reviews need to be ongoing to be most effective for you and your employees.

One of the hard fact in the world of corporate Mergers and Acquisitions is that majority of them fail to deliver the promised value. The returns of the hostile take over are even worse. Most prominent reasons for a merger or acquisition failure are the failure on part of management to incorporate the employees of acquired organization into the new organization. More often than not the sword of retrenchment is always hanging over, resulting in poor performance.

How are hobbies and interests important for business relationships?

A lean manufacturing system is a system that meets high throughput or service demands with very little inventory. The lean manufacturing system contains several important principles as well as a collection of tactical methods for achieving them. The key principles of lean manufacturing are discussed below.

Store fixture prices depend on various factors, mainly customer preferences. Among them quality and capacity are the most important ones. Quality is necessary to keep the fixtures in good condition for longer periods without damage or breakage. Capacity means the ability of store fixtures to hold more items. Fixtures with more capacity and high quality are expensive compared to fixtures of lesser quality.

Many small cleaning companies use sub-contractors to help them get the work done. But if you improperly classify a worker as an independent contractor when the IRS views them as an employee you could be liable for back taxes, penalties and interest! This article goes over some of the things you should watch for before subcontracting any of your cleaning jobs.

Extranets are gaining rapid popularity because they address the most fundamental issue of ‘real-time’ effective communication with customers and collaborators - the need to communicate quickly

Okay so you have decided you want to own your own business and instead of starting from scratch you are looking to buy a franchise with a proven business model in a field, which is something you see yourself enjoying right? Well, this makes sense really and you are not alone, did you know that there are in excess of a half million franchised outlets in the United States alone?

Pricing your soaps correctly is very important, if you're going to make a profit in your soap making business. Read on to see how to do it.

Information on selling, licensing and marketing your invention to manufacturing companies.

Specific to the trade show and display industries, the creative use of both printed and non-printed fabrics has become the trend in convention centers and retail stores. Stretched fabric towers, canopies, hanging signs, banners and banner stands, and simple decor accents can provide an element of style and even set a mood in a trade show or retail space.

Tells of the different introspections looking into tasks and how they measure up.

Working globally means dealing with people from different cultures. International business etiquette helps build stronger and longer lasting relationships.

Let’s switch our emphasis from creating People Places to sustaining them. As we maintain focus on the human element, taking a universal position on the importance of the human element, we will continue to play a role in our own solutions. Today, we’ll concentrate on top performers, and on the difference between management and leadership, understanding that while these are simple principles, they are not always easy.

The purpose of this article is to present earnouts to sellers of technology companies as a method to maximize their transaction proceeds.

This article is based on the following book: Taming the Paper Tiger at Work By Barbara Hemphill Kiplinger Books, 2003 ISBN 0938721984 182 pages

If the media were to call you today for an interview, would you know what to do or say? That question was posed during a recent conference on small-business ownership and micro enterprise creation, w...

As professional and individuals who want to make a difference, reach our goals, achieve more, to in fact, unleash our potential, we need to be continuous learners. And to be the most effective continuous learners, we must learn to harness the power of reflection.