Archive for March, 2010

Hiring a Project Management Consultant Instead of a Project Manager

By Nadine Stowne The job of a project management consultant is to look at your company’s projects and help get them in order. A great many companies today are leaning towards hiring management consultants instead of using project managers. This can save companies substantial amounts of money as they do not have to hire additional staff. Companies that work in four season climates often use management consultants as they can be contracted to work on construction projects during the construction season.

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Why small banks are not lending

We had been hearing that banks were not lending because they are under very tight government scrutiny. That seems to be the case based on a great article from USA Today called “Small banks say they can’t win in small-business lending”. According to the article, while Washington continues to urge banks to lend, Bank examiners from the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency are devaluing small bank portfolios based on the declining values of the commercial properties banks have taken as collateral.

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How a Business Consultant Can Help You Grow Your Business

Most people mistake professional business consultancy as a troubleshooting exercise that a company undertakes to manage crisis. Even the business owners, especially the small and relatively inexperienced ones, have similar notions and avail of their services only in cases where management looses control. However, services offered by professional consultants need not be bound by such limitations. Business consultants, in fact, are third party experts who influence how businesses, as well as governments and institutions make decisions.

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Ten Ways of Reducing Your Crisis Vulnerability

No organisation is immune to crisis. That’s a fact. But it’s wrong to assume crises are always random, unpredictable or simply “acts of God”. The truth is that there are things you can do to significantly reduce the possibility of your organisation suffering a crisis. And when you consider that a mis-handled crisis can have a major financial impact on a business, why wouldn’t you take the following steps to make your organisation less vulnerable to crisis?

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Small business incentives move to Senate for consideration

There appears to be more small business incentive legislation afoot. It is called the Small Business Infrastructure Jobs Tax Act, which just passed the house on Wednesday.Highlights of the Small Business and Infrastructure Jobs Tax Act include: · Extension of successful Build America Bonds (BABs)· 100 percent exclusion of small business capital gains· Small business penalty relief· Increase in deduction for start-up expendituresThis looks pretty good to us.

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How To Avoid Investing Pitfalls

The majority of us will, at some stage, have to make a decision on how to achieve the financial goals we set for ourselves. With rising disposable incomes, there are various options of selecting the best avenues for investment. While there is always the lure of making windfall gains, there are also stories of investment decisions having gone awry and investors losing all their capital and more.

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10 Sales Tips for Small Business Owners

Running a business is easy compared to the act of selling. As a small business owner you started your business to deliver a superior product or service, not to become a salesperson. None-the-less you must master basic sales skills or risk losing your business due to lack of clients! Here are 1o tips to help you turn those inquiries into sales.Define the benefits to the customer. You’ve found their pain, now you need to come up with a cure by answering their question, “What’s in it For ME?” For instance, if you are pet-care provider you “make it possible for a couple to enjoy their honeymoon in Hawaii without feeling guilty about leaving their pet.”Qualify before you present.

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Are you in Control of the Destiny of Your Business?

For busy entrepreneurs, finding the time to measure business performance is not always easy, but it is vitally important. The reason why so many businesses – particularly high performing businesses – measure things is to have more control over the destiny of their business.To Avoid Knowing Too LateIn a training business, decision makers were evaluating whether an end of year revenue target had been met. No it hadn’t, and they had lots of excuses, like how the market was changing and their competitors faced similar revenue downturns.

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