New Years' Resolutions for Your Business

Written by Jan B. King


Continued from page 1

7. Do a human resource compliance audit and stay out of legal trouble. Unless you have a fully staffed HR department, you may not be aware of all ofrepparttar compliance laws regarding employees. Have an audit done by an outside professional and prevent problems that could result in million dollar lawsuits by unhappy ex-employees.

8. Know your top 10 customers - what more can you do for them, where can you find more just like them. List your top ten customers by sales volume and let everyone in your organization know who they are. Are they in a particular geographic region, of a particular type - what is similar about them? Do everything you can to build on those relationships.

9. Get a coach or mentor, or join a business support group. Build accountability into your own personal planning by asking others to help you turn your dreams into reality. Enlist people who you can trust to give you objective feedback and create deadlines for your planned successes. 10. Make a list ofrepparttar 103550 year's accomplishments and celebrate your successes with your employees. Don't forget to acknowledge and celebrate each of your milestones. The best part of creating a plan is to know when you've reached your goals, allowing some time to pause and appreciaterepparttar 103551 accomplishment, and begin to create your next set of goals.

Jan B. King is the former President & CEO of Merritt Publishing, a top 50 woman-owned and run business in Los Angeles and the author of Business Plans to Game Plans: A Practical System for Turning Strategies into Action (John Wiley & Sons, 2004). See www.janbking.com for more information.


Getting Started with Business Incubators

Written by Laura Ciocan


Continued from page 1

Who may apply and what arerepparttar conditions?

Any entrepreneur may apply for entering an incubator program on condition that his business project is viable or his business has great potential. An necessary condition is thatrepparttar 103549 applicant must have a business plan containing relevant information.

There are also specific conditions and requirements for admission into such programs that vary from case to case, usually referring torepparttar 103550 business industry, business location,repparttar 103551 for-profit/non-profit strategy of businesses or financing means.

Programs usually last up to three years.

Advantages and disadvantages of resorting to a business incubator

On one hand, business incubators provide:

  • financing, without requiring
  • customized professional assistance
  • entrepreneurial training
  • economical access to facilities
  • inexpensive business services
  • opportunities for entrepreneurs to connect with people who can promote business growth and profits
  • a forum for exchange of ideas among entrepreneurs

Onrepparttar 103552 other hand, there may be some inconveniences too with business incubators. For instance, with incubators that haverepparttar 103553 goal of gaining a profit,repparttar 103554 necessary agreement to be reached upon can be most ofrepparttar 103555 times a very cumbersome one for most firms.

Also, with non-profit incubators sponsored by governments there isrepparttar 103556 tendency to favor high tech startups that plan for rapid growth (as thus they will create more jobs) rather than more traditional businesses.

However, business incubators may be a very helpful opportunity to start your business; they can constitute a real boost for a beginner business.



Laura Ciocan writes for http://www.businessplanning.ws where you can find more information about what is a business plan

Please feel free to use this article in your Newsletter or on your website. If you use this article, please include the resource box and send a brief message to let me know where it appeared. Contact:lauracio@gmail.com


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