Management

By Paul Kopelcheck is the Past Board Chair of SCORE

1. Start Smart. Identify a niche. Don’t compete to be the lowest cost provider. Look for what makes your product or service unique and adds a special value for the client and charge for that value. Every business has many facets. Start with what you know and like; start a business that has meaning to you. Keep in mind that we don’t know what the future holds, many of the jobs and businesses of tomorrow don’t exist today. You can create your own success.

When starting a business, planning is essential for success. Planning includes estimating revenue, expenses and profits needed to manage, sustain and grow the enterprise. The appropriate time to plan and the type of planning varies depending on what phase the business is in.

By Jack Clauson, Accredited Business Counselor, Score NE Mass

When starting a business, planning is essential for success.  Planning includes estimating revenue, expenses and profits needed to manage, sustain and grow the enterprise.  The appropriate time to plan and the type of planning varies depending on what phase the business is in.

THE BEST TIME TO PLAN

Initially, to define the business; start by setting revenue, expense and profit goals.

By JAY GOLTZ, NY Times http://boss.blogs.nytimes.com

About 10 years ago I was having my annual holiday party, and my niece had come with her newly minted M.B.A. boyfriend. As he looked around the room, he noted that my employees seemed happy. I told him that I thought they were.

Thirty seconds. That’s all it takes for someone to decide whether to stay and chat with you or move on to someone else. Not much time....which is why you want to spend it wisely.

By Rickey Gold, Rickey Gold & Associates, Chicago, IL, www.rickeygold.com

Thirty seconds. That’s all it takes for someone to decide whether to stay and chat with you or move on to someone else. Not much time....which is why you want to spend it wisely. Try this next time you’re at a networking event. See how long it takes you to decide whether or not you want to continue a conversation with someone you’ve just met. It’s a great way to illustrate what not to do.

Helping small and middle size companies succeed is why the counselors at SCORE give their time and experience freely. It is what we do and letters like the one below is our reward.

By Jack Clauson, John Masone and Jim Lynam, SCORE Accredited Business Counselors, Chapter 411, Score NE Mass.

Helping small and middle size companies succeed is why the counselors at Score give their time and experience freely. It is what we do and letters like the one below is our reward. Here is a great example:

Dear Jack,

Shopping as we know it is on the brink of major change.

By Stephanie Rosenbloom

Shopping as we know it is on the brink of major change.

Hammered by the recession, some of the nation's biggest retailers are seizing the moment to reinvent their business strategies. And the impact will mean both sweeping changes in the merchandise on their shelves and subtler alterations, like how many pantyhose to keep in stock.

We typically make our investment decisions based on three key areas:  the size of the market, the strength of the team, and the product vision.   This is often made even more difficult by the fact that we know that many of the businesses we fund end up with (one or more) pivots -- since their business plan is always wrong.

Josh Kopelman, Redeye VC, www.redeye.firstround.com

Chief executives need to declare talent a priority, and to lead change in the four building blocks of global talent innovation.

By Booze and Company, Inc. excerpted from Strategy & Business

The America’s Recovery Capital (ARC) Loan Program was launched with the goal of helping small businesses weather the economic storm with a fast injection of up to $35,000 of funds which would be 100% SBA guaranteed, 0% interest, 5 year loan. Well so far, it hasn’t worked as planned.

by Mark Rosenzweig, SCORE Accredited Counselor, Score NE Mass

Are you having trouble getting everything done? Are you looking for a better way to manage your time? Are you a slave to time? Here are four simple and useful rules to manage your time more efficiently and effectively.

By Pete DiSantis is an Effectiveness, Efficiency Expert and a Certified Management Consultant

Are you having trouble getting everything done? Are you looking for a better way to manage your time? Are you a slave to time? Here are four simple and useful rules to manage your time more efficiently and effectively.

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