WORKING ‘IN’ THE BUSINESS OR ‘ON’ THE BUSINESS?
05 Jul 2010 Leave a Comment
in Uncategorized Tags: quality, ratio budgeting, sustainability, working 'on' the business
Do you work ‘in’ your business of ‘on’ your business? Managers working ‘in’ the business are busy all the time, with handling crises, desperately trying to keep the business afloat in hard times, handling delivery delays, canceled orders, and other problems.
What then is working ‘on’ the business? Here are some ideas: take time to plan for cutting costs as revenue declines through ratio budgeting, concentrate your efforts where they can pay off, using the 80X20 rule (otherwise known as the Pareto law), compete on quality, sustainability, and service, not on price.
There are other programs as well that we have developed for small business.
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