Advice for the management of suppliers

22 October 2009 - 16:42

We see next some advice who will help us with the management of our suppliers:

To choose well to the suppliers

Great part of the success of our business, will depend on the suppliers that we have. To count on good suppliers not only allows to tell us on quality consumptions and, therefore, to be able to offer quality products, but also allows us to have low costs, the security to know that always we will count on the orders in time, etc.

Therefore, whenever we must choose a supplier we must take our time, and to compare and to evaluate the different alternatives well that exist, considering selection criteria such as prices, quality, conditions of payment, downtimes, guarantees, etc.

To take to the suppliers like allies

Before to take to the supplier like a competitor, we must take it like a partner or ally.

Labels: Advice, Management of businesses

Published in Management of businesses | No commentary”

Advice when acquiring a loan

10 October 2009 - 15:46

We see next some advice who we would have to take at the time of deciding to us to acquire some loan or credit for our business.

To assure to us that really we needed a loan

The first advice is to assure to us that really we are going to need extra money for our business, and that the unique form to obtain it is through an external financing.

We could need money to increase our capital of work, to acquire new to scheme, abrir new the premises, to be able to cancel other debts, etc.

We must consider that to ask for a loan implies a great responsibility, reason why before asking for it, we must make sure that we will be able to pay it in its due time.

Labels: Advice, Finances

Published in Finances | 2 Commentaries”

How to increase the sales of a business

9 Julio 2009 - 17:34

We see next some of the most effective forms increase the sales in a business, and that they do not require of much investment.

To lower the prices

A form common to increase the sales is diminishing the prices.

In order to be able to lower the prices, the usual thing is to reduce the first costs; but when doing it, must make sure not diminishing the quality of products.

The strategy to reduce the prices usually is effective when our objective public is made up of sensible consumers to the prices; but it could not be effective, for example, when the consumers take into account the differences well that exist between products.

To improve the product

Another form to increase the sales consists of improving the product.

Labels: Advice, Sales

Published in Sales | 4 Commentaries”

Learned lessons of businesses of the poker

8 Julio 2009 - 14:14

These are some lessons of businesses that we can learn of the poker:

To select the market well

An important decision in the poker is to choose the table in which to play, a table with good players, or one where there are several competitors, will present/display less possibilities of winning.

Something similar happens in the businesses, to be successful, we must choose or the business or the market in which to penetrate, while the less enabled they are the competitors, or while the less they are these, majors will be our possibilities of success.

To create a good mark

As much in the poker as in the businesses, counting on a “good mark” it is of great importance.

In the poker, being recognized like a good player, will influence in the performance of the other players, for example, he will cause that they are not so aggressive and are more preservative.

Labels: Advice, Entrepreneurs, Management of businesses

Published in Entrepreneurs, Management of businesses | No commentary”

How to handle the personal finances in the days of crisis

6 Julio 2009 - 19:33

We see some advice exceeds how to handle our personal finances in the days of crisis:

To eliminate the debts

The ideal would be to eliminate all our debts, but in the days of crisis, it could be a difficult task; reason why, at least, we must try to eliminate our more expensive debts, that is to say, those than have a greater interest rate.

Between the most expensive debts they are those than they generate the credit cards, reason why we must try iron gates all our credit cards or, at least, to have left just by a single, the one that is more advisable.

In the days of crisis we must try to eliminate our debts, being able to maintain those that do not present/display a greater cost; but always assuring to pay the quotas in time to us, and thus to avoid that the interests raise.

To avoid to contract new debts

The times of crisis are not the best moment to become of debts.

Labels: Personal advice, Finances, Finances

Published in Finances | 2 Commentaries”

The rent of the commercial premises

2 Julio 2009 - 22:19

The decision to rent or to buy the premises for a business mainly depends on the capital or the capacity of financing that is had.

Buying the premises offer the advantage to tell on tangible assets that we could take as an investment in the long term.

Whereas renting the premises offer the advantage to reduce the initial investment considerably, and to diminish the risk; although it presents/displays the disadvantage to have to permanently pay a high amount like rent by assets that never will be ours.

To buy the premises would seem to be one better option, but unless we count with sufficient capital or financing like buying one, the renting appears like a good alternative.

The costs of rent of the premises vary following the location of this one, while nearer it is to commercial sites, majors will be the costs; and while more moved away it is, smaller they will be the costs, but also, the public who circulates around the zone. A good alternative could be to obtain the premises located in the limits of the commercial areas.

Labels: Advice, Creation of businesses

Published in Creation of businesses | 1 Commentario”

The best advice of Donald Trump

30 June 2009 - 18:19

The advice on businesses and the success are several offered by Donald Trump, or through its books, his blog, interviews, audio, etc.

The following one is a compilation, in our opinion, of best the 5 advice offered by him:

1. To be enthusiastic

One must be enthusiastic in which it does and to always maintain the enthusiasm.

If there is no passion in which one does, it must try to find the taste him, but it does not obtain it, must look for to make other things.

In order to achieve the success, one must be enthusiastic, and for it, it must do what it loves, must do what it would be arranged to still do if did not receive money for that reason.

2. To stay in positive

One must stay in positive, it happens what happens, and to avoid all thought or negative emotion.

Labels: Advice, Entrepreneurs

Published in Entrepreneurs | No commentary”

How to improve the performance of the personnel

24 June 2009 - 17:57

We see next some advice who will allow us to improve the performance of the personnel of our business or company:

To let know them what is expected of them

While better our workers understand what is what it is expected of them, better they will evolve in its workings.

We must to do to have them in either in clear which are his functions or tasks specific, which are procedures that must to follow, which are policies that must to respect, what is what can to do, and what they cannot do, which are the objectives that must fulfill, which are the qualities that must have (honesty, diligence, punctuality, capacity to work in equipment, etc.), etc.

In order to let know them what is what it is expected of them, we can give documents to them, such as regulations, manuals or procedures, with information exceed what they must and they do not have to do. While clearer and specific we are when writing up these documents, better results we will have.

Labels: Human advice, Motivation, Resources

Published in Human Resources | No commentary”