You have eventually made that decision to get involved in a new business or franchise opportunity. You have also appropriately assessed your professional and personal abilities and are thoroughly convinced about your plan to set up your own business venture. Let’s move onto the tough terrains now! The most demanding part about getting started with…
Recently, I was a part of yet another discussion on cost of quality. It gets quite confusing for the individuals in quality business when they come across such questions related to the cost of quality. All quality enthusiasts agree in unison that quality comes free, it’s only when it is absent that company has to…
If you haven’t already done so, you can read part 1 here. In the last part, we finished by talking about the restaurant’s reputation and clientele base. We now move on to durability and a restaurant’s future. Durability This one’s for the daring lot who plan to take over a running restaurant business. You must…
It is imperative that you figure out certain important facts before finally going ahead and purchasing a restaurant. Even though restaurants are one of the most sought after business opportunities, one cannot neglect the importance of doing a before hand research before purchasing one. If the entire matter is approached in a systematic manner, you…
Consider this scenario – you get invited to a very important meeting. You arrive at the venue and to your surprise, you see a lot of chief executive officers of major companies at that meeting. You start to mingle, you drum up conversations and discussions. Then, your statements and opinions start to attract the attention…
The Latin translation of sponsor is “spondere” which means “to promise solemnly.” According to the dictionary, a sponsor is someone who takes responsibility for the actions or statements of another. This literally means that the sponsor liable and is accountable for something that he has sponsored—“to promise solemnly.” There are different kinds of sponsors. Most…
Small businesses depend on building relationships. This business strategy is one of the major skills that you should constantly apply with all your dealings and contacts. Dealing with Prospects Everyday you meet people who can be our potential customers or buyers. And sadly, these people are not even aware that your business exists. The statistics…
For top and middle levels of management, there are skills that a manager should possess in order to carry out its performance well to the company as well as to the work group. A well-rounded manager is capable of handling the job without pressure. A good manager is one with good integrity, work ethic and…
You are always on the rush of meeting your targets. Your time is not enough to fulfill those targets. You begin to lose energy on your endeavors, you feel like giving up. You begin to think of how much time you spent on networking and still you are not getting quality referrals and sales. You…
Success is achieved if you try to pass the same to others. Networking is all about helping your people to succeed. The key in achieving such is to provide training to your people. Training your people is the key in helping them grow and get motivated in their work. Training is a continuing process. What…