Choosing a Small Business Location

When looking for places to start a small business you have many things to consider. One very important thing is to see if your suppliers or distributors are close in proximity. Another key thing to consider is if there are a known group of people that would eagerly accept the products you are supplying. Also, figure out who your target market is and aim for your location to be in the heart of that community. Something else to think about when picking your small business location is if there are other businesses in the ares that compliment yours. Make sure when you do find a dream location, that it is within your price range and meets the needs of business. Last, but certainly not least, be sure you are in a location that is always a growing business hub with many opportunities in the near future.

Entrepreneurial Pricing

Entrepreneurial pricing is a great thing you will want to implement into your business. There is a process that comes with entrepreneurial pricing that helps shapes businesses. Being innovative, proactive, and giving risk assumptions are the bases that are covered int he process. You also discover and develop a business plan, then recourse, manage, and harvest it. Something else the process provides is a checklist for managers to determine the extent of entrepreneurial pricing. Without entrepreneurial pricing, the road can lead to stagnation or demise so it is very import it that you plan and execute the process to make sure it is in your business plan.

Dead Celebrities Who are Still Making Money Today

Ever wonder why the families of celebrities continue to increase their financial status long after their famous loved one is dead? Well they can still make money from the grave. There are a ton of deceased celebrities that are still profiting. One that really caught my attention is gold legend, Arnold Palmer. Not even a year after his death, there are more than 400 stores that still sell Palmer-branded apparel. Arizona beverages also still sale their Palmer-branded beverage and produce over 400 million cans annually.

Department Problem Solving in the Workplace

In the workplace, forming departments has to be done with preparation for problem solving purposes. A great format is making a steps system to make sure problems will be effectively solved. I came across seven steps for a problem solving process in the workplace. Step one is to identify the issues; you need to have a clear understanding of what the problem is. Step two is to understand everyone's issues so make sure you're actively listening. Step three is to list the possible solutions by brainstorming. Step four is to evaluate the options by weighing the pros and cons. Step five is to select an option of the best solution. Step six is to document to agreement that way you will not forget it. Step seven is to agree with the contingencies, monitoring, and evaluation by making contingency agreements for future instances, monitor follow ups, and evaluate the agreements.