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How To Measure Business Performance. Effectiveness Vs. Efficiency
I found myself in yet another interesting conversation with a successful entrepreneur on the topic of successful business practices. We were discussing what is needed within an organization as it...
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The Goal by Eli Goldratt
Every practitioner of the Theory of Constraints (TOC) is familiar with “The Goal: A Process of Ongoing Improvement” by Eli Goldratt. The book is an oldie but a goodie with the first edition published...
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How to Finance a Small Business
When starting and running a small business the question of how to finance will come up multiple times. There is often an initial startup cost for assets, materials, and initial operations. As the...
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Chaos Vs. Bureaucracy
You may not realize this but as an entrepreneur one of your main functions is finding the balance between chaos and bureaucracy. If you take a look at successful organizations you will see they have...
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Key Small Business Success Factors
Many factors play a role in the success or failure of a small business, but how can these factors be accessed across business types and how do we identify which ones are key?In previous articles we...
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Reader’s Questions on Contemporary Business Issues.
The following list was posed to me by a reader so I thought if this person had these questions others may also. Each refers to small business and the issue of growth. I left the questions as they were...
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Island Economics
Have you ever wondered why one company thrives while another fizzles? It is a question that I come back to on a continual basis. The more I process the factors associated with success and failure of...
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The Up Side to Inefficiency
For the past year I have been trying to wrap my brain around the paradoxical relationship between effectiveness and efficiency in small businesses. I have understood that one can be effective without...
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Top 5 Considerations for Small Business Success
1. Business is simple; don’t make it more difficult than it needs to be. Having spent a lot of time studying organizations and business theory I am so surprised at how little of it makes its way into...
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Best Small Businesses to Start in 2016
Have you been asking yourself; what are the best small businesses to start? I had that very question and have spent a great deal of time breaking that question apart. After all, why spend time on...
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