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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.

Do you collect your customers email addresses? I doubt it. This is a huge mistake! Building an email list of your customers is very valuable. By staying in contact with your customers by email, or mailing to them, you build loyalty and you never let them forget you!

Diversity training is great, but in order for your diversity strategy to be properly implemented, you must take additional steps.

This article discusses business networking and the singularly most important aspect of it.

You fill up your mug, jump in your car and head onto the dreaded commute of the day. Once you get to work chaos and more chaos surround you. Those half-an-hour breaks really don't cut it anymore. By the time you get home late into the evening you really don't have much time for anything but eating and sleeping which seems to keep adding to your waistline like your boss adds to your in box.

When you're planning an event, timing is of essence and one deadline after another makes its mark on the calendar. Getting registration started is an early priority as people may lose interest if they can't register when they want to or they may have made other commitments by the time registration begins.

We are only kidding ourselves if we really believe that everything will be smooth sailing and will go exactly the way we want it to.

By following these six steps, we show you how you can turn your service function into a more profitable resource that achieves your corporate objectives. Although the steps can be implemented individually or as resources allow, best results can be realized when the steps are implemented simultaneously.

Without question, the self-storage industry is still the most profitable real-estate investment around. Start-up and overhead costs are low allowing you to recoup initial expenses start making money sooner. Factor in the special tax breaks available, appreciation of your self-storage facility, and the expandability of quality steel buildings and you have a winning enterprise nearly every time.

Transnational Corporation, on Tuesday, said that British Telecom had not pulled out of the technical services agreement between the two companies for the management of NITEL and its mobile subsidiary.

If you have decided to start your own business, one of the first things that you need to do is to work on a business plan. A business plan is so important because it actually serves as a compass for the direction your business will take in the future. Having a plan will also help you achieve the things you want to achieve and will help your business to find success as well.

The boom in home based businesses for women could be due to the fact that more women want to be able to stay at home with their children without sacrificing a career. Many want more flexibility, independence and control, instead of being told what to do. It is a way to escape the glass ceiling of the corporate world.

What is the most valuable asset that your firm possesses? Is it your technology, trade secrets, credit line, or customer base? Although we realize the importance of these, most of us believe that our people or our leadership teams are most valuable to us. However, there is another asset that may be even more important as your business matures. A good name or reputation allows your firm to attract quality leaders, excellent employees, key customers, and financing.

You should never forget to celebrate Secretaries Day. This day commemorates all the hard work your office assistant and many others around the world have put in to keep you on time, organized and up-to-date on the job.

Mergers and acquisitions are common terms used to refer to the amalgamation of companies. A merger results when two companies come together to form a single company. Mergers are similar to acquisitions, excluding that in mergers, existing stockholders of both companies maintain a shared interest in the new enlarged entity. The shareholding pattern may vary, depending on the valuation of companies concerned.

Kitchens are one of the busiest parts of the house. Many things go on in the kitchen and this is why it’s often the dirtiest, most abused and most in need of repair in the whole house. If you’re planning on investing in an fixer-upper, be sure that one of your top priorities will be renovating the kitchen.

An original equipment manufacturer or OEM is a company that manufactures goods or gadgets, which are utilized in products sold by another company. These companies are usually termed as a Value Added Resellers or VARs. An OEM usually builds to order, on the basis of the designs provided by the VAR. There are various categories of equipment manufacturing suppliers, such as electrical and electronic test equipment, equipment rental and leasing services, separation equipment and filtration equipment, sprayers and spray coating equipment. The equipment also includes automated test equipment, powder compacting equipment, network test equipment, battery testers and fuel cell test equipment, powder coating equipment and de burring equipment.

Throughout the United States many consumers and businesses are electing to purchase bottled drinking water instead of tap or well water. Many consumers are choosing bottled drinking water over tap or well water because of the level of contaminants and bad chlorine related taste.

Ah, the ebb and flow of work. Sometimes it seems like there is much more ebbing than flowing with all of the workflow, the deadlines, the projects and presentations, but overall the tide seems to constantly be flowing in and out, in and out, in and . . . sorry.

I have heard franchise attorneys say that prospective franchisees need the disclosure documents early on so they can make a business plan to see if the franchised outlet is feasible and I debated with them over this point of contention.

When we raised the steel import tax a few years ago it hurt many manufacturing sectors who used steel in their production. It also hurt smaller companies, which use steel in their products.

Executives are hiring coaches in increasing numbers, and for a wider variety of reasons. Locating the right coach for your needs can be tricky but these guidelines can increase your chances for success. With the right collaboration, you’ll find that you can significantly compress the time you need to achieve your most important goals.