Have you ever asked what prompted the successful businessmen to climb
and one of the skills? The owners of the major projects is the ability to pin point some commercial activities, out of many, to be able to focus and work on. It is like being a player grand piano and see plate special keystrokes tab, among many, and press them in a timely manner.
see, abroad, and work is a complex task with multiple activities running simultaneously. Can be overwhelming
However, if you know what are the specific activities that will achieve (such as pianist); you can run your business with this great harmony which led to the crux of the matter largest - Net profit
Fortunately, all business activities can be boiled down to seven areas of Business administration
and seven areas of Business administration are:
1) production
2) Marketing
(3)) financial
4) represents
5) human resources
6) information management system
7) research and product development
How do you know if your business is healthy? How do you know if your business needs to help? In the end, will your net profit to determine whether you have a good job or not.
The Art of Business Administration (in the definitions) is the ability to detect problems and address them as soon as possible. Early detection is the key, before you reflects in your profit.
that a checklist to help diagnose the problem before it is too late composed. This is not comprehensive, but I think it covers the essentials.
1) Production
supplies
Is the supply of raw materials up on-time? Do you have alternative suppliers of raw materials?
production
km per cent of the time and your devices work? Km per cent of the products in which the defect produces? How much is the cost of your production?
deliver
km per cent of the orders are delivered on time? How many customers do not receive complaints? How many customers do not receive the returns?
2) Marketing
how much money you spent on the ad? The number of sales (new customers) Additional did not get after the announcement? Is the amount of money you earn from new customers is greater than the amount of money you spend to advertise?
3) Funding
Does your personal money and business money separate? (This is not - number of small business owners, make sure you have separate accounts for two)
Do you have enough ability to pay your commercial debt (liquid assets greater responsibility)? The customers pay their debts (for those with premiums)? Do you have the ability to pay your suppliers and other debt at the agreed time (creditor)? City and receivables growth (the amount of money owed to the people who you are)? And calculate your business grow faster than your sales? Grow your profit margin? (Profit Margin = Net Income / Total Sales)
4) represents
Do you pay your taxes correctly? The update your financial records? Do you have a financial system? (You can use free software such as Quicken or you can hire accountants)
5) human resources
Is the productivity of your employees? How percent of your employees are constantly leaving (turnover ratio)? Are your employees happy and satisfied? If you're in the field of information technology security, not your employee signing the non-disclosure agreement when he began working in the field of your own business? Do you have a good relationship with your employees? Do your employees have a good relationship with each other?
6) Management Information System
Who else knows the secrets of your own business? (Must be ideal just you). The bad news is going quickly and reach you? (Being a hands-on has the advantage here.) Are your files safe? (Who knows the password) Do you have backups?
7) Research and product development
Do you know your customers? Do you know why they buy from you rather than your competitors? Do you know your competitors? Do things to improve your products? Customized to meet the needs of customers and products? How do you allocate the budget for research and development? Is the protection of intellectual property rights through patents, trademarks and copyrights?
mastering the art of business management is a lifelong process. This is worth repeating. Key to running a good business to detect the problem early and deal with them. Go for the attack. Do not wait for the problem to occur. Work to improve seven areas each day.
I wish you every success in your work.
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