Article Check - Business

Innovation Management: Radical Innovation
Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.There are other useful definitions in this field, for example, creativity can be defined as consisting of a number of ideas, a number of diverse ideas and a number of novel ideas.There are distinct processes that enhance problem identification

commonplace occurrences with businesses of all sizes. Without adequate operating capital,

How To Write An Uplifting Elevator Speech
What can be done in the time it takes to ride an elevator with a stranger? Stare at your shoes? Find a captivating mark on the wall and examine it? Twiddle your thumbs as you avoid eye contact? Or give a speech that can open the doors to success!In the time it takes to ride an elevator, you should be able to introduce yourself and briefly tell what you do in an intriguing way. Your listeners should be able

Is your cash flowing out faster than it's flowing in? This can happen for a number of reasons and can be a sign that your business is growing at a faster speed than you are ready to handle. Perhaps your best customer has given you a $100,000 order -- but you need cash right now to buy the supplies needed to produce the product.

Challenges like this one are commonplace occurrences with businesses of all sizes. Without adequate operating capital,

Should We Admit Failure?
Failure is something that none of us ever plans for but it is a part of the human condition. As we go through our lives there are few if any who have never experienced this phenomenon. So as we experience failure, how do we accept it and move on if we are unable to admit it?I am not suggesting that when we fail that we broadcast our failure to the world at large. I am suggesting though that admitting failu

ns and can be a sign that your business is growing at a faster speed than you are ready to handle. Perhaps your best customer has given you a $100,000 order -- but you need cash right now to buy the supplies needed to produce the product.

Challenges like this one are commonplace occurrences with businesses of all sizes. Without adequate operating capital,

Mannequin Head
Most consumers do not realize the number of mannequins used for display in today's retail stores. That is because it is the job of the mannequin to draw interest to the clothes, not themselves. It seems like quite a thankless position for mannequins, but there is one particular type of mannequin who goes even more unnoticed regardless of their important contribution to fashion, the Mannequin head, that is, a li

handle. Perhaps your best customer has given you a $100,000 order -- but you need cash right now to buy the supplies needed to produce the product.

Challenges like this one are commonplace occurrences with businesses of all sizes. Without adequate operating capital,

Give Yourself Away
Last week I got one of those "make my day" phone calls and emails. It was from a gentleman I had met last May doing a speech for a local leadership program. I remember quite well the brief exchange we had following the program that night: He had delivered an eloquent and inspiring invocation and I told him he ought to be doing more public speaking, that his words had inspired me.It was a comment I meant si

now to buy the supplies needed to produce the product.

Challenges like this one are commonplace occurrences with businesses of all sizes. Without adequate operating capital,

Planning For Success
If you want it to happen, you'll have to schedule time to make it happen. That's common sense, however, there is an art to creating time to do all the things that will assure your success.Self-Nourishment TimeI didn't start out to put self-nourishment at the top of the list, but if you don't schedule this in, you will end up as a puddle in a lonely corner. Take care of yourself firs

commonplace occurrences with businesses of all sizes. Without adequate operating capital, your ability to grow your business is limited. When this happens, you need a strategy that will either infuse your business with some quick cash or reduce your operating expenses.

Try one of these:

Hold a Sale
You reduce inventory while brining in some quick cash. Offer a discount or other incentive to customers who pay now.

Ask for Payment

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Last Summer the Federal Trade Commission put forth a report for the Franchise Industry; 432 pages of study. This report asks Franchise Industry participants to comment on only certain aspects of franchising which were addressed between 1995 to 1999. It is good to see that the FTC is finally doing something after 10-years of sitting on their rear ends with a stick up their butts, however one has to ask what about the issues between 1999 and 2005.

Studies have shown that almost half of all shrinkage in retail stores is due to employees. Employees WILL steal from their employer. It is up to the employer to put into place systems to prevent this.

There is no such thing as the natural born salesperson, any more than there is a natural born pilot, athlete or physician. There has been a myth circling for years that people who are successful at selling have some natural skills, attitudes or personalities.

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