Productivity Planner

Who else wants to write a business plan? You are still presuming that business plans are for grand corporations or small ventures then you are harboring wrong thoughts. This article might assist you in dispelling these presumptions. Read on and you will find out that several other varieties of ventures also need to write business plans.

If you want to try out for a loan to fund new venture or to buy top of the line equipment for your business then a well crafted business plan will be essential. All banks will want to know the ins and outs of your business before funding you the loan amount. So, why not supply them with a well-crafted business plan that covers all the important key points?

Do you need an investor?

Are you searching for business partners to invest their sum in your venture? Then write a well-formed business plan and make it available to potential investors. No large investors will invest their amount in any venture without looking at the track record, demographics, technical aspects, and the purpose of the business. It will be necessary to provide them a business plan that makes clear the inside information of your venture and then watch how readily they put trust in your venture.

The business plan is essential, if you are working in a business with other people. It makes clear the arrangements between you and your business partners and lets them know what actually is happening or going to occur.

I Am A Consultant, Do I Need A Business Plan?

If you are a consultant working with a management team, then you surely know how often distractions occur or problems arise. You also have to fulfill certain promises and grab the opportunities that arise in the firm.

Hence, this is the importance of a well-thought-out business plan. It will assist you in being aware of where you are going or where you want [Read more →]

Tags: , , Leadership, Inspiration, Management, Organizational Culture by Chris Russell
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Many people associate innovation with high technology products and services, and certainly those industries create lots of innovation. On the other hand, almost every business seems to enjoy the potential to be more innovative if people think about the business that way.

Few industries had a greater reputation for being stodgy than steel making during the 1950s and 1960s. Today, the industry has been totally reshaped, by relying on technology that did not exist until it was developed in the United States. Talk to North American profit leader, Nucor, about this success as a technology story, and they will tell you that you have it all backwards. The success was due to the organizational culture and system that Ken Iverson emphasized for Nucor.

Mr. Iverson’s successor as CEO, Dan DiMicco, sees the foundation as being found in the company’s values:

(1) Don’t overextend yourself

(2) Be a risk taker and take on the unknown

(3) Focus on long-term rather than short-term, whipsaw thinking

(4) Treat customers, employees, and other stakeholders the way you would like to be treated

(5) Minimize barriers to effective communication

(6) Build relationships

(7) Hold people accountable to honor the relationship and perform

(8) Take your time in evaluating people you hire

(9) See continuous improvement as a nonstop journey up a mountain

(10) Give people the freedom to do it

(11) Help people learn

(12) Don’t penalize failure because big flops are part of necessary learning.

To implement these principles, Nucor has made many innovations. The company has only two organizational levels between the head of a division and the floor worker in a mill. Responsibility and authority are delegated as much as possible.

Education is generously supported for employees, their spouses and [Read more →]

Tags: , , Leadership, Inspiration, Management, Organizational Culture by Chris Russell
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During a typical work week for the white collar worker, it could get a little frantic at times with all the new clients being acquired and the various project deadlines. Some employees break under pressure and find themselves losing important documents, searching for reports, turning in assignments late or just scrambling their existence because of disorganization. Instead of piling on piles of paper work, you can save and manage your time by changing the way you prioritize your work load. The real answer lies in working smarter and more organized. Being organized can reduce the amount of stress you feel in your daily life and make it easier to get things done. Using a system of 3 ring binders and index tabs will assist you in accomplishing this goal of efficiency.

When it comes down to it, binders have always been a reliable office supply since the “beginning” of business times. Why do you think we still use them today? With technology advancing everyday, many people are relying on computers for scheduling and prioritizing. Is this a good idea? Don’t get me wrong, computers are one of the most reliable tools in the work force today. However, accidents can and will happen. Have you or a close friend of yours ever had problems with computers such as losing files and computer crashes/freezes. I know I have.

Why not turn to the trusted o’ 3 ring binder? They’re convenient for creating your own reference book and storage folder for any important documents and assignments. After labeling each binder (ranges from a inch to as large as 4 inches) for most of your position’s major responsibilities, the binder system will enable you to retrieve or to verify the documents more quickly rather than wasting time rummaging through a heap of papers.

Let’s just say you have an important meeting with a potential client. Your boss is breathing down y [Read more →]

Tags: , , Leadership, Inspiration, Management, Organizational Culture by Chris Russell
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