business development authority Archives

Your company might be blossoming, but chances are it may not be a successful or industrious as you’d like it to be. Small to medium business owners main responsibilities are reduced costs, increased business profitability, and advanced company growth. A business leader’s main duty is to focus on these vital aspects of their business. In this article we look at the ways to free up the business leader’s time from the day to day running of their business so they can spend more time increasing profitability, and growth of the company. One very important way of doing this is to delegate your tasks to other company members or by outsourcing tasks for specialisation. We look into the ways in which business owners, leaders, and managers can achieve this goal.

Business nowadays is far to complex to take it on alone. Bottom line is that the business principal should be concentrating on actions that bring the most value to the business and increase competitive advantage over the industry competition. These might be fine tuning the product, pricing, supply buying, organisation, cost cutting, human resources or finance and accounting. Hiring a manager or a team of managers to delegate the day to day business tasks is vital to business development. Discover how to do less and delegate more.
Delegation is finding the right resources or personnel to do the most efficient jobs, training them to do those jobs, and leaving them to do it, while you can get back to business. Obligatory responsibilities that can be done by others should be delegated. In any expanding business the need to delegate will become increasingly important.

Wikipedia notes ‘Delegation (also called deputation) is the assignment of authority and responsibility to another person (normally from a manager to a subordinate) to carry out specific activities.’

So how do we decide what tasks should be delegated? If you can document the processes that are necessary to do a job or task, then the business owner will not have to do those jobs. If you can hire a person with the skills to do the job, who can follow the processes outlined to do that job, and then add their creativity in a unique way, then you will be free to take a step back and look at other jobs. Once the responsibility for that job is allocated, the business owner can focus on vital aspects of their business, which cannot be assigned. If the job is not being done as well as you had wished, then either you have the wrong person for the job, or you may have got in their way.

Delegation is a powerful tool in company growth because it allows for specialisation of tasks. If the business owner is predominantly a salesman, then he should be delegating the marketing to a marketing specialist, design to a design expert, and accounting to an accountant. Obviously small to medium sized companies might not have the need to delegate full time. Outsourcing can be a useful way to delegate jobs that others can do better, by assigning projects to an external company. This means again you are controlling all aspects of the business rather than being tied up by tasks that could have been done by others.

Once a task has been delegated suddenly there is accountability. The business owner or manager can measure the delegation process by feedback from the jobs allotted. Then fine tuning can improve certain processes and new resources can be found for unproductive ones. Company growth will increase across the board as you fine tune these jobs, rather than trying to fix them yourself.

If you would like to learn to delegate, the Catalyst Partnership, the business specialists in France, can help you to delegate assignable tasks, to keep you in the driving seat and boost company growth.

Rumble Romagnoli
http://www.articlesbase.com/business-articles/business-growth-the-art-of-delegation-671606.html

A small business is defined as the one in which number of employees are small. The initial investment required for the starting of small business is less. The output and profit earned by the business is also small. Usually, the expansion of such businesses is restricted due to its less profit earned and low marketing. Lack of business ideas and financing also hinders the growth of the small businesses

In order to help the small businesses grow and increase its potential, the business owner forms a group that aids each other in the business activities. Such a group is called a Small Business Club. A small business club is a non-profit organization. A small business club comprises of all the small business owners and may include some employees holding higher authority.

The purpose of the small business clubs is to provide each of its members with a platform where they can speak out the problems they are facing. The other members provide innovative solutions to their problems. The small business club also provides new business plans for better productivity. The small business clubs also provide funding for business owners who are in urgent need for money. Small business clubs also provide a stage for finding the right person for a joint partnership venture. Partnership helps in increasing the efficiency of working and is financially stronger than proprietary firms with a larger group of customers available.

Majority of the countries have small business clubs. Many of them are large business clubs, but have a separate or integrated forum for small business owners. The list of small business clubs are as follows

The Small Business Club

The Small business club is a UK based club. They have their city venues at Edinburgh, Glasgow and Napier. The regional venues of the small business club are at Central Scotland, Dundee, East Renfrewshire, and Fife, North and South Lanark shire and West Lothian. They organize pre decided meetings at the above mentioned venues from 12:00 noon to 2:00 PM with all the members. They provide entry for certain visitors in their meetings. The purpose of the meeting is to provide tips for business development and financial assistance. The members discuss and give advices on recruitment, insurance, staffing and legal matters.

Starting A Business Club

This is an online small business club. The objective is to provide business tips for business start up world wide, with advices from experts in the field. The forums in the site contain discussions regarding various issues in starting a small business. Blogs are added by experts giving tips on recruitment, loans and networking. Brainstorming activities are also present in this online small business club.

The Thames Gateway Business Club

This UK based club is supported by the Enterprise Agency of North Kent. This small business club is primarily established to provide advices regarding networking, development, advertising, computer technology etc for start up and established small businesses. The club prints a newsletter named The Gatepost with articles based on the above mentioned topics.

James Copper

DO YOU prefer working regular hours under a reasonable supervisor in a well-established city office? Many people do. A person with such employment may enjoy greater security than one starting out fresh in a business of his own.

In the Philippines, however, there are those who prefer taking the risk. They want to enjoy working hours suited to their needs. There will, of course, be no promotions, no occasional raises in salary and no possibility of receiving a gold watch upon retirement. But this does not particularly concern these individuals. They find satisfaction in making a living by using their own skills and sound business sense. For them, nothing can compare with the opportunity of working with wife and children all day long and counting their blessings together when evening falls.

Filipinos often start a small business right at home. Consider what some of the possibilities are.

What Kind of Business?

Do you have a hobby that could become a full-time job? Perhaps you make toys for your children. If so, could you also make toys for other people’s children? In the Philippine city of Cebu, the production of toy guitars is not simply a hobby but a profitable business. The craftsmen work at home, producing toy guitars, ukuleles, bandurias and even very professional guitars that are sold at airports and music shops. Often at the end of the workday, the hills come alive with the music of thousands of stringed instruments, as family after family plays together.

Industrious Bicol folk produce handbags, slippers and numerous ladies’ accessories from abaca fiber. Deft hands in Bulacan and Quezon provinces weave buntal hats out of the petiole fibers of the buri palm tree. Here, try this on. Cool and dignified, is it not? Here is another one. Why, it makes you look 10 years younger!

Beneath Zamboanga’s lazy blue waters are found the tapering “antlers” of black coral. Craftsmen in Quezon City and Manila fashion the coral into tiepins, cuff links, rings, earrings, bracelets and necklaces. In the sandy seabeds off Surigao, Samar, Leyte and Panay, one can discover a treasure trove of shells—tiger cowrie, conch, lupo and kapis. Nimble hands make these into curtains, lampstands, windowpanes and chandeliers, which inhabitants of Paris, London or New York city would be proud to display in their homes.

Shoemaking may seem like an unlikely venture. But, in 1884, young Kapitan Moy bought a sturdy pair of British shoes. Back home he got more interested in the shoes. So he took them apart, and then put them back together again. Soon he set up a shoemaking shop and began sharing his new skills with neighbors. Almost a century later, the town of Marikina is going full speed ahead in the shoe-manufacturing business. In many, many homes of this town, grandpas, grandmas, papas, mamas and children home from school, busy as bees, are making the shoes that some of us will probably be wearing tomorrow. “Today,” says the Marikina Shoe Trade Commissioner, “we export shoes to many countries, including the source of Kapitan Moy’s shoes which he bought back in 1884.”

The growth of Marikina’s shoe trade has meant more business for other towns. For example, Meycauayan in Bulacan supplies Marikina with much shoe leather. In turn, Marinduque, Masbate, Mindoro, Palawan, Romblon and other islands keep Meycauayan supplied with hides from cattle and carabaos. They also furnish alligator, goat, pig and snake skins for shoes, handbags and belts.

Many Filipinos open small stores or operate stalls in the public markets. Family members usually take turns tending these stalls in the markets of Kamuning, Cubao, Tondo and elsewhere. Divisoria Market in Manila is said to be the biggest market of its kind in the Philippines. It is not one vast supermarket owned and run by a single individual or company, but consists of thousands of small family stores under one roof. Haggling over prices here is an art honed to perfection.

The Government Lends a Hand

Aware of the potential of “cottage industries,” the Philippine government offers some aid to enterprising Filipinos. There are free seminars on various crafts. A course is even offered on raising mushrooms.

Government assistance is also provided to help people to improve the quality of their products. In Albay, for instance, many have advanced from making clay pots to the study of ceramics. In Ilocos Norte, people are learning how to make bricks and tiles.

The Philippine Daily Express, in an August 17, 1974, editorial, reported that the National Science Development Board has sent food-training experts to 39 Philippine provinces, “propagating different methods of food processing, so that items like coconut water, excess vegetables, seasonal fruits and small fish may be put to commercial” uses. This has resulted in the formation of “18 cottage industry cooperatives.”

Cooperatives? Yes, these are formed when several small businesses join together for mutual protection and profit. They are duly registered with the proper government bureau. The government encourages the establishment of cooperatives by granting them tax exemption and various forms of protection. These cooperatives enable the group to buy at factory prices, to sell at lower prices than they could individually and then mutually to share the profits.

For people who still prefer to be in business on their own, help is offered through the National Cottage Industries Development Authority (NACIDA). This agency gives valuable pointers on making Philippine handicrafts. The government also grants a five-year tax exemption for those registered as having their own “cottage industry,” enabling many to continue in operation and to prosper.

Financing the Business

But where do people get the money to start in business? Actually, very little may be needed. For example, a young man sold a ring. With the proceeds he started a small jewelry business. Today he can also sell, not only jewels, but even the dust in his workshop for good money. Why? There is gold in every pinch of it!

Another man discussed the matter with his in-laws. They liked his project and provided some 200 pesos (about $30, U.S.) each. Now his coral craft brings in a sizable income, and all share in the profits.

Some banks maintain lending offices in public markets to assist stall holders financially. Wise Filipinos avoid unscrupulous money lenders whose high cumulative interest rates can quickly gobble up not only profits but the entire business capital as well.

Is It for You?

Going into business for yourself has some advantages. A person is usually freer to make his own daily schedule for work and recreation. He is not responsible to any supervisor and he may have more time to relax with his family. By choosing the type of work that appeals to him, he avoids being tied down to a boring job just to make a living. He can also enjoy the challenge to his ingenuity that his business provides.

But there are risks. A person can lose his capital through bad management or unforeseen problems. Competition or inflation could cut profits. Then there is the anxiety about being successful, since running one’s own business may lack the security of being in someone else’s employ. It may be, too, that more time has to be spent in caring for the business than had been anticipated.

Flor Ayag
http://www.articlesbase.com/business-ideas-articles/starting-a-business-philippine-style-713106.html

The next generation of the Web is here and it is called Web 2.0. Web 2.0 is the use of new technologies and old technologies combined to create the ultimate user experience of a media: direct interaction. Are you an expert on a subject? Write about it on Wikipedia. Have a great idea for a movie? Don’t wait for the movie studios, make your movie and publish it on YouTube so the masses can watch. Before making a webpage involved knowing code, now anybody can create a mySpace page or a blog in few minutes which is customized to their personality. Web 2.0 encourages people to take action and create the media that they want to see. Every subject matter how small can have a network in Web 2.0 and if doesn’t exist now you are free to create it.

What is a blog?

The term “blog” is a combination of web + log, or diary. This is first and foremost the place where people can write their memories, thoughts, ideas, feelings and save them as their own personal diary. What makes a blog different from a traditional journal is that it instantly published is updated frequently and allows for user feedback via comments and syndication through RSS feeds. Popular blogs can draw hundreds of thousands of readers. Business blog can also achieve a wide audience whereas the goals and uses of a business blog are much different from a social one.

What is a business blog?

A Business blog, is a very powerful tool which enables a firm to extend its communication level with certain segments of its target audience. The firm’s business blog is the place to communicate the “underground” materials from the firm’s headquarters – information which will usually not be put on the company’s website and only those who know people can know about it. The business blog allows its readers to access company information such as R&D, development and more giving readers a special insider perspective. Whether it is new ideas, developments, beta versions or sometimes personal posts by leading personnel like a CTO or R&D manager, or sometimes a simple as pictures from a company outing, blogs create a regular returning readership when written well.

The Goal of a Business Blog

The goal of a Business blog is to inform and connect with specific segments of target audience – whether potential clients, distributors, partners or potential employees. Business blogs are routinely used for PR by other sources greatly expanding a company’s marketability. Business blogs which offer industry wide information can help a company become more respectable and an authority, no matter what size of the market the company controls.

A great example of a business blog is the one used by Magic Software Enterprises, at www.magicsoftwareblogs.com. They offer hints and tips for making their products more useful. Plus the blog is well read by their software users who leave feedback and create positive free word of mouth advertising.

Another example, but quite different is blog at www.discount-engagement-rings.com. This blog is written by a company called Diamodns-USA however its content is much more general than helpful advice for buying a diamond but is loaded with fun and interesting fact and stories about diamonds & jewelry. This is a great example of an industry leading blog because of its style and wide ranging content.

The benefits of Blogging:

1. Blogs are the perfect public relations tool. Their personal nature gives you and your organization a unique voice online – a voice heard by the people who matter – your customers and clients, other bloggers and the media.

2. Blogs help to position you and your company as experts and leaders in your industry.

3. Blogs act as instant-feedback mechanisms. They allow readers to respond to your posts via the comments section or link to them on their own blogs which are read by other people who might be interested in what your business has to offer. These features provide near real-time feedback on ideas, opinions and issues that affect them, or highlight and address new or existing problems.

4. Their simplicity and addictive nature allow you to share more of your knowledge more often. Blogs are about sharing what you know, think and believe on an ongoing basis.

5. Search engines index your blog posts more often because of more frequently updated content. Your ongoing blog and knowledge sharing shows up in the search results, making it easier for your customers and prospects to find you.

6. You can have many conversations with many people at once – something nearly impossible in the brick and mortar world.

7. They’re automatic buzz-machines. Go ahead and try it. Blog about something new – a new product or service launch, an improvement to an existing product, or a newly appointed manager. See how fast the news spreads throughout the blogosphere.

8. They’re self promotional due to their RSS feeds being aggregated across the net almost instantly.

9. Feedback. You can track your RSS subscribes with tracking software and start to identify marketing trends and new markets.

10. Companies who blog are considered early adopters, thought leaders and “in”. Blogging is “cool” therefore companies who blog are “cool” and “up to date”..

But the most important thing to remember when blogging is that you’re not a speaker talking to an audience, you are sharing and interacting. You are one more voice to be heard and how powerful that voice is depends on how much interacting you do.

Readers of blogs make comments and other readers reply to those comments. Bloggers will commonly take posts from other blogs as ideas for new posts. A blog is more than an online journal it is an interactive communication platform. When done properly blogs can create authority, respectability, and marketing leverage for your company over the competition.

As Web Marketing Experts we advise companies and corporations on how to properly use blogs and blog tools like RSS feeds, web advertising, and videos as part of the holistic web marketing strategy. To learn more about corporate or business blogs visit http://www.compucall-usa.com or email info@compucall.co.il.

Ariel
http://www.articlesbase.com/seo-articles/the-top-ten-reasons-your-business-should-have-a-blog-113883.html

0 Nevada Development Authority Ad Campaign   Monkey BusinessNevada Development Authority Ad Campaign launched in Southern California for 2009. For more info go to www.move2vegas.biz

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