Strategic and operational Controlling - Early Recognition of Crisis

Written by Stephan Szugat


Continued from page 1

However,repparttar operational Controlling concentrates onrepparttar 103852 day-to-day business and onrepparttar 103853 most important information aboutrepparttar 103854 business development. It has to be paid attention torepparttar 103855 fact, that only that much information are collected and are evaluated as really necessary to management a business. This is usually a weak spot of controlling systems in small and medium sized businesses. Often too less or too many data are collected and are evaluated without paying attention to repparttar 103856 importance forrepparttar 103857 business management.

It is possible to manage a business onrepparttar 103858 basis of up to 30 ratio values, which are calculated weekly. Continuing analyses can be done when it is necessary. This saves a lot of time, especially in small and medium sized businesses in which rarely a Controlling department exists.

To prepare strategic evaluations, needs no big effort or extensive methodical knowledge to reach high expressiveness. At regular intervals prepared strategic analyses give clues forrepparttar 103859 development ofrepparttar 103860 enterprise and assists to recognize strengths and weaknesses. It is important thatrepparttar 103861 analysis is justrepparttar 103862 first step, fromrepparttar 103863 analysis measures have to be developed whose implementation has to be observed.

Controlling is important for all enterprises, in good as in difficult times. Good Controlling can preserve an enterprise from suffering damage and in difficult times it helps to find and maintainrepparttar 103864 right way. A Controlling system that consists of strategic and operational analyses is a useful guidance system. Furthermorerepparttar 103865 information from these analyses can be used forrepparttar 103866 preparation and realization of consultant assignments. Thus with insecurity aboutrepparttar 103867 actual position ofrepparttar 103868 own enterprise or aboutrepparttar 103869 further approaches, an expert can be consulted withoutrepparttar 103870 need to carry out basic analyses once again. This leads to higher efficiency and savesrepparttar 103871 liquidity of repparttar 103872 enterprise.

Fromrepparttar 103873 aboverepparttar 103874 assumption arises, that a combination of strategic and operational Controlling and occasional short-term consultant assignments will berepparttar 103875 optimum to protectrepparttar 103876 existence of a business.

Stephan Szugat is owner of abenetis, which is based near Munich, Germany. abenetis offers web-based business analysing and management tools for strategic and operational Controlling of small and medium sized businesses as well as knowledge and consultancy in the area of business management. http://www.abenetis.com


Trade Show Victory!

Written by Wendy McClelland


Continued from page 1

Make sure that pick up business cards from allrepparttar other exhibitors atrepparttar 103851 trade show as well. Some may be immediate customers, while others may haverepparttar 103852 potential to become strategic partners.

Afterrepparttar 103853 show - call or contact all those people who stopped by your booth, and indicated an interest in one of your products or services. Try to get in touch with them within a week atrepparttar 103854 most. Keep track of those people who find you throughrepparttar 103855 trade show and later buy from you. Figure out how much your expenses were to be inrepparttar 103856 show (include booth rental, your time, items for your display, gas to get there, parking, etc.) Now figure outrepparttar 103857 profit (include expenses for materials and supplies to make your product - don't forget shipping & packaging). Now you have your ROI (return on investment). THIS IS A CRITICAL number that will allow you to assess whether or not it is worth doing this trade show again.

Some trade shows prohibit direct selling atrepparttar 103858 show - they only allow you to take orders. In this case you MUST do follow up. Do NOT assume that people will call you - they WON'T! If you don't believe me - answer this: How many times have YOU called someone you met at a trade show, even if you just adored their product? If you don't like doing follow up phone calls, hire someone to do it for you. If you're not going to dorepparttar 103859 calls at all - don't even bother doingrepparttar 103860 show - you're wasting time and money.

Be sure to send a hand written letter of thanks torepparttar 103861 show organizers. Ifrepparttar 103862 show has been successful for you, make sure you're onrepparttar 103863 list for next year. Lastly don't expect immediate results - trade shows take time to pay off (IF you do your homework afterrepparttar 103864 show!)

Each trade show you do will teach you something – be open to learning. Smile, wear comfortable shoes, drink lots of water and get plenty of rest before and afterrepparttar 103865 show! AND DO YOUR FOLLOW UP!

Wendy McClelland is a motivational speaker and marketing consultant. She has been a nominee for Canadian Entrepreneur of the Year, and is a Canadian Achiever! Wendy’s first website won numerous awards, including being named as “one of the best business sites on the ‘net” by the N.Y. Times. Wendy’s life mission is to “motivate people to think without boundaries” and it’s also the name of her website! Visit www.ThinkWithoutBoundaries.com today


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