Business Strategies

pIt’s frequently said that if you don’t plan for the future then you must be planning to fail.

pHow do you determine how much to sell your service so that you can maximize your business’s profits?/ppDo you have a pricing strategy?/ppDo you have, and more importantly do you follow, a systematic approach for assigning a price to the professional services you are in the business of providing?/ppIf the answer to any of these questions is “no” or

pspanDo you happen to be one of many who has dreamt about going into business for yourself but couldn’t put your finger on what kind of business to start? Perhaps you have an idea of what kind of business to start but fear has got in the way of taking the plunge.

pspanA necessary step in the initial stages of setting up your new business is to determine which form of business ownership structure to adopt. The ownership structure that may prove to be most appropriate will depend on circumstances such as:/span/p p /p ul li how many owners there are (ownership sharing) /li

pspanA Not For Profit (NFP) organization operates not for the purpose of generating and distributing profits to the owners, but the purpose of generating and distributing profits--i.e. revenue less normal operating expenses--in furtherance of some public good or one or more social causes. /span/p p /p

pspanThe term “project management” refers to a more specialized management and control process that is associated with particular activities that fit within the definition of a “project.” /span/p

pspanIt is widely agreed that all small businesses, no matter which industry, go through similar definable stages of growth. Researchers have found that each growth stage has certain “personality traits,” so to speak, which distinguish one growth stage from another.

pOwning a business is a dream shared by many. The dream of an independent professional lifestyle, self-made financial success, and “being the boss” is not uncommon.

pspanBefore entering a discussion of ways to grow your business it would be worthwhile to investigate what growth really is./span/p

pspanPerhaps the most significant transaction faced by any business owner is the sale of his or her business. Inevitably, a variety of factors will play a role both before and after consummating the transaction.