Category Archives: Operations

Operations will Guide the Way

The outcome of business operations is the creation of value from assets owned by a business. Assets can be either tangible or intangible. The effort involved in creating value is what constitutes business operations cycles. The primary goal is to implement a sustainable … Continue reading

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The Price is Right!

One of the most important issues you must decide on as an entrepreneur is how much to charge for your product or service. While there is not one single right way to determine your pricing strategy, there are some guidelines that … Continue reading

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Building Business and Community Solutions

SIDE NOTE: For our devoted followers: you probably saw that we were MIA last week.  Well, BDN has some exciting news…but we aren’t telling today 🙂  Stay tuned! We promise to share soon.  We invite you to read on for … Continue reading

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Teamwork from the Outside to the Inside

The primary changes that have taken place in small business strategy have come as a result of changes within local economies. As the local marketplace has become increasingly volatile and competitive, companies have needed to adjust by reducing their time … Continue reading

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Business Budgeting 101

A budget is a comprehensive, formal plan that estimates the probable expenditures and income for an organization over a specific period. Budgeting describes the overall process of preparing and using a budget. Since budgets are such valuable tools for planning … Continue reading

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What is Your Business Forecast?

Business forecasting methods and levels of sophistication vary greatly. It involves the collection and analysis of hard data, and their interpretation by managers with proven business judgment. Every forecast will be used to assess future situations that will affect the business’ … Continue reading

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Customer Retention and Consistent Sales

Have you ever been confused by a business?  Maybe their products don’t match their image, or their mission statement seems to have a different message than the services they provide.  Every business organization must know why it exists and how its … Continue reading

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Business Strategies

Formulation of an effective business strategy requires detailed planning to consider the three major functions of the business: the company itself, its customers and the competition.  It is also important that strategies include only a few main concepts in order to maintain clear operational objectives.  … Continue reading

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Continuous Business Planning

Having your own business is more than just creating a job for yourself.  You will have to manage the basic roles of marketing, administration and sales.  You must know which parts you can handle yourself and which parts you’re going … Continue reading

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A Quick Guide to Business Planning

Planning is a term you hear thrown around often in the business world. Basically, there are two timetables for business planning. The cheat sheet is: Long-range (1-5 years) = strategic (objectives and goals) Short-range (less than 1 year) = tactical … Continue reading

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