Blog

Plan Tomorrow’s Business. Today.

Successful companies in the 21st century will be those with specific goals, objectives and action plans that support a well-developed business plan. This Do-It-Yourself Training Program is an easy to follow 5-step process that will build an effective Business Plan for your organization.

It will help you establish clearly defined goals and objectives that will keep your organization focused on what’s important for your customers. It will identify ...

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Profit is the Life Blood of Business

Why is it so difficult for people to understand that profit is the life-blood of any business? A normal healthy business only gets to keep about 4 cents of every sales dollar after expenses. These 4 cents of profitability are critically important for success, and it’s becoming harder to achieve every time energy costs increase or another frivolous environmental regulation is passed.

For example, Walmart, as one of the ...

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Time to Update Your Business Plan

Events seldom unfold as planned—your competitors change, the business environment changes, customer preferences change, and the economy changes—consider the price of oil and the value of the currency! Because of these and other factors your Business Plan should be a living document and updated regularly.

I always considered an annual review and update to be mandatory, with a minor review and validation semi-annually. In addition, I would have a ...

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Making Money is a Virtue

Mother Theresa is almost universally admired for her personal sacrifice and charitable work. For the same reasons, Bill Gates, Warren Buffet, Andrew Carnegie and other wealthy individuals are respected and frequently praised for giving away their billion-dollar fortunes.
In my opinion, Thomas Edison contributed far more for the good of humanity than Mother Theresa ever did, and so did Bill Gates and other like him. These men demonstrated a rare ...

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Seven Principles of Business Success -Part I

I want to discuss a few important principles of behaviour that I have learned during 45 years in the international business community from a great number of wonderful people. These principles are not all inclusive; however, they have been selected specifically because they contributed significantly to whatever degree of success that I have been able to achieve as a leader, and I am confident they can do the same for ...

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Seven Principles of Business Success - Part II

4. Watch the Clock
Master the use of time. We are all given the same amount of time to use or to waste. Many times I have heard managers say: “We don’t have enough time.” There are many things that may have a claim on your time and it is critical to set priorities and decide how much time each of them is worth. It’s a truism that we all ...

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