Many types of business valuation methods are appropriate when estimating or defining a business value for certain kinds of business evaluations and appraisals. The reason for the evaluation determines which measure will be used. For example, if the purpose is to borrow money, asset values will be key because lenders will be interested in collateral. […]
Category Archives: Management
As they say, you never get a second chance to make a first impression. This definitely applies to the required business uniforms of a company or money-making establishment. What the customer witnesses when they first walk through the doors of a retail store, bank, Real Estate office or print shop instantly instills an impression in […]
Business structure planning entails analyzing the different business entity options and choosing the one that is right for you. There is no magic formula for business structures. Your set of reasons for choosing one business structure over another is as unique as your company. There is, however, one universal rule for deciding on a business […]
Business process management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims. This basic definition needs to be expanded as manager’s carry out the managerial functions of planning, organizing, staffing, leading and controlling. Management applies to any kind of organization. It applies to managers […]
Not too long ago, I walked into a room where some of the country’s top oncologists were preparing to launch a new cancer-fighting drug. The occasion was the group’s rehearsal before a big presentation to the Federal Drug Administration. Given that these men and women are some of the best and brightest in their field, […]
When we read about business growth in the top business periodicals, they always refer to the multi-national corporations. I’m not a large corporation. I’m not even incorporated. But for the purpose of this discussion, think of your business as a corporation. You hold the office of president of this corporation, and you’re responsible for its […]