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Category: business advice

Get your head around your accounts

Get your head around your accounts

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I was reading a post on Link4Business called Accounts Demystified that talks about how important it is for business owners to get their head around their company’s accounts and what they mean. Here’s how the problem is described: Accounting is viewed by most non accountants as a complicated and highly technical matter, and this is a view that is encouraged by the accountancy profession. But the truth is that it is based on a very simple principal which once understood…

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Keeping in touch

Keeping in touch

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Image via Wikipedia It’s been said time and again that communication is the root of a successful relationship and that certainly applies for the business world too. It’s imperative to maintain contact with your clients, colleagues and even prospectives. It’s cheap to do nowadays, especially with technologies like VOIP and Skype; but it’s also important to keep in touch in multiple ways. For example, sending cards at Christmas is a great way to remind your clients about your services. Again,…

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Advice to IT leaders

Advice to IT leaders

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I was reading an article in Computer Weekly by Robina Chatham where she talks about the rise .. and fall (!) of IT representation on company boards. It talks about some research she has done into the subject and also includes a set of key messages which I wanted to share with my readers. Here’s what she recommends: Sort out your service and project delivery. Recruit first-rate people beneath you who are team players; then delegate and let go Nurture…

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Five tips for success

Five tips for success

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Guy Kawasaki, a popular entrepreneur, venture capitalist, and blogger used to contribute, till recently, to a blog for Sun Microsystems. In his final post he outlines five important lessons he learnt along the way. Here are his recommendations: Focus on cashflow: Profit is important, but if you cannot keep your business afloat, then it really doesn’t matter. Make a little progress every day: It’s extremely rare that something comes along and blows everything away. Practically all successful businesses were built…

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Carpe Diem

Carpe Diem

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An interesting post on Whooah.biz recounts the story of Glenmorangie, a Whiskey maker in Scotland who managed to seize the day and make turn an unfortunate situation around. Here’s the story: Scotland Glenmorangie distilleries found that they had accidentally mixed the wrong sort of whisky. Faced with a dilemma they come up with a clever campaign; they used a direct mail marketing to ask for an official pardon and sold the whisky as a collectors item. The campaign generated a…

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Preparing a business plan

Preparing a business plan

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I came across some interesting information for anyone wanting to create a business plan. Whether it’s to take to your bank or just to firm up your ideas, it’s a step-by-step guide that can help you build up a meaningful plan. Here’s the information from BusinessLink: A business plan is a written document that describes a business, its objectives, its strategies, the market it is in and its financial forecasts. It has many functions, from securing external funding to measuring success…

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