Due to the vast market and the open policy in China, more and more foreign businessmen have been entering into China's market since 1980s; they expanded in China's market and have already gained a large share. However, neither the FERRERO ROCHER which entered in China's market in 1980s, nor the "Crocs" shoes which are now sweeping China, can avoid being imitated. With cheap price and similar appearance, the imitations immediately erode the China...more
With workplace conflict, it how it is managed that matters most. Usually, conflict is the result of differing perceptions and methods, where both parties think they are right and neither is right or wrong. Conflict can be avoided to a certain extent with standardized processes and procedures. However, when conflict does arise, skillful management makes the difference between a small bump in the road and complete derailment of teamwork. By...more
An entrepreneurs business plan is generally created to be reviewed by external funders. However, this should not be the first time that the plan is given a detailed review by a professional. Consultants and specialists are widely available and can offer valuable feedback which can save you from making embarrassing mistakes in full view of funders. Specialists Lawyers, accountants, and financial advisors can offer specific feedback on your business plan, as it pertains to their area of expertise. Make sure you seek specialists with experience working with startup businesses if you take this route. The upside of working with specialists to review the legal, financial, and tax aspects of your business plan is that they should have deep expertise on their topic. The downside is that you will need to speak to multiple specialists to cover all the bases and you will not have the benefit of one consultant who can give you an overall review of the strength of your current plan.SCORE and SBDCsSCORE (the Service Corps of Retired Executives) and SBDCs (Small Business Development Centers) are non-profit coaching and consultation services offering free services to entrepreneurs and small...more
It's a good idea to invest some money in neon signs to advertise your business. Using neon signs you let customer know about your business products and services.One can improve his business and increase the revenue of his business using neon signs. Have you ever considered or thought about supermarkets and coffee shops without neon signs at night....more
Your retail clothing store's business plan requires a well-thought out customer analysis which describes what type of customers will make your store succeed.Not Too Broad, Not Too NarrowWhen choosing your customer target markets, make sure that they are neither too broad nor too narrow. The broader a target market, the more expensive and difficult...more
Every business owner wants to find a new way to get customers. Here are several ways to help you increase your profits and get more clients to come and do business with you.One easy and great way to increase your profits is to cut back on your expenses. This seems obvious, but you probably aren't doing everything that you could be. This means walking around and deciding what you can save on. Motion lights for example or even turning the thermostat down. Another great way is using regular towels instead of paper towels which not only saves you money, but helps out the earth as well.Another way to save money is to reassess your current products and services. Find out what your customers need and want. If you have something they need, they will come to you for it as opposed to offering outdated or no longer needed services. Just because something may have worked or been popular months or years ago, it doesn't mean it is the best thing for you currently or in the near future. Asking them what they want directly or through a survey is your best bet.Cross sell your customers on other services, features or products that your company offers. Always reassess what your customer is getting...more
Creating your cafe's business plan is a project in and of itself, so make sure you understand what goes into it. These are tips for writing a successful plan for your cafe.Outline FirstBefore starting to write any section in full, take a quick sweep...more
Article Marketing For Your MLM BusinessThe great thing about this marketing strategy is that its free. This is all about writing your own unique content and distributing to multiple article directories online. If you have tracking software on your...more
When starting a business on the internet, it is natural to turn first to web-based tools for marketing purposes. Asking customers to click on a relevant link is always easier than asking someone to read a site name on a billboard or print ad and...more
If you are wondering what the term Web 2.0 means then, you can rest assured that it is a term associated with the second generation of web designing and development. The result of a long drawn research and development, this is pretty advanced in...more
Find out how to promote your business on facebook and drive a avalaunche of visitorsto your sales sites. Social networking sites present a giant opportunity for internet marketers. With over 350 million active users on facebook its easy...more
Subject To real estate deals are one of the best ways to acquire real estate without worrying about financing and credit issues. Though not the most common form of real estate transactions, subject to is one of my favorite real estate deals. Here is...more