5 Ways in Which 5S Techniques Can Help Your Organization
Lean manufacturing systems owe their success in great part to a set of tools called 5S. As a matter of fact, it is very difficult for a company to succeed unless it implements the 5 different components which are:The Source Of My Inspiration – Why I Became a Solo Entrepreneur
Why is it important to find the source of inspiration? Because you are going to build a long-lasting business, and you want to be more than “just another entrepreneur.” You want to be a solo entrepreneur who is a creator and not only a doer. The source of inspiration could help you to go beyond your limitations and aim high for your wildest dream.Be REALLY Detailed About What’s in It for Them
Being very detailed about what’s in it for other people will boost your business across the board. Clarity means people will follow your directions, take the next step, follow your lead, and buy with confidence and speed.Improving Vendor Quality
Vendor Quality – what does it mean to you and your organization? Many of us today are dealing with third parties whether overseas or just around the corner. The software solutions that are delivered to us are key to our overall businesses. How many of you have experienced delays caused by the headaches of third party code? These delays can have many root causes such as poor requirements or a lack of understanding by the third party. This article will address what we can do specifically around testing to help increase the quality of third party code and reduce unwanted delays. There are many options and opinions regarding the quality of vendor code or lack thereof. Albeit not all vendor code is of poor quality; however it does imply room for improvement and the guidelines suggested here, applied with a little common sense, can make a difference.Know Your WHY As An Entrepreneur
Have you ever let your personal health and wellness slide while you focus more on getting things on your “to do” list checked off? Do you ever feel tired and exhausted from all that you have to do, and you wonder if you can keep up with this crazy pace? Many busy entrepreneurs can easily answer “yes” to both of these questions. Why? Because as an entrepreneur, you’re passionate and excited about the work you do, and you want to be a huge success, right?A Good Failure and Sam Walton’s Perseverance
Dealing with failure is a large part of the entrepreneur experience. If you haven’t failed, you haven’t tried. The following article tells the story of a big failure that went on to make the richest man in the world.Is A Mastermind Group Right For You?
I currently belong to three mastermind groups, because I find them so helpful and beneficial to my business! One of them I pay to belong to, the other two are time commitments (and travel expenses for one of them) I strongly urge you to look at joining a mastermind group in your area. Or you could even start one yourself, as there is a lot of information on-line to help you get started.Mobile Oil Change Business For Reducing Recidivism Rates Through Entrepreneurialism?
There are some correctional facilities in the US which help prison inmates learn new skills and entrepreneurial talents. Okay so, what type of business might these folks start once they’ve paid back their debt to society and come back into the world as free men? How about an auto services business? What about mobile auto detailing or mobile oil changes? Those are simple business models and perfect for a one-man operator to start and then expand with more workers, and that means not only taking care of themselves, but adding jobs to the economy as well.Simple Steps to Increase the Value of Any Business
Even if you’re not planning on selling your business in the near future, there are several strategies that every business owner can employ to build a better company and create more value. As part of this effort, it is important to understand that overall value is typically determined both as a function of your earnings and financial position and the inherent strength of your business (offâÂ�Â�balance sheet items).Creative Financing in Today’s Capital Markets
Even as the economy has become more stable the capital markets are still overly conservative maintaining the need for creativity when financing a business. The chatter from banks is we aren’t seeing enough quality deals, while intermediaries & business owners counter with your not approving reasonably good deals.Interest Rates and Your Business
Interest rates affect every aspect of a business, from what you pay for credit, to what your customers are able to pay you to whether you employees think they are being paid fairly. Because interest rates ripple through every aspect of both a business & the overall economy monitoring them is one more thing to put on top of the plate of today’s business owner.Recession-Proof Your Personal Economy
Continue to invest in yourself. The next year depends much more on what you do than on what the economy does. What happens in your business depends mostly on the choices you make. Ask yourself how you can improve your business now. And take action on the answers that come to you. It’s that simple.