Your Best Time Management Tool – To-do List


Chances are many of us today will have forgot to complete at least 1 task they set out to do at the beginning of the day even though they had all good intentions and time to do it. The problem is we just couldn’t remember it at the right moment. If you have got a feeling at some point where you think you need to do something; but can’t recall what it is then you know what I mean.
There is a simple, yet effective, tool we have used that is sure to help you remember things and increase your productivity. The “To-do List” in its various forms can make sure you remember what you need to do when you need to do it. In the previous article we have mentioned other techniques you can use to improve productivity.
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5 Effective Techniques to Get More Done in Less Time


People often say that once you have started your small business you can pretty much forget about your wife, girlfriend, kids, friends or everyone else that matter in your personal life. We tend to disagree. While it is true that running a business is no small task – they don’t call the owners Chief Everything Officer for no reason – there are ways by which you can get more done in less time and have time left to enjoy those personal moments.
Here are five techniques we have found useful in our experience in running the previous business as well as the current one.
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Do you know Why your Customers are Dumping you?


If history is any guide; you will lose about 20% of your current customers by the end of the month and 40% by the end of the year. I know it sounds terrible; but that’s fact of life. While 30-40% of sales for any business come from existing customers; the rest comes from customers using revolving door. They will come and go for a variety of reasons.
This customer churn can be costly for your business. You need to constantly recruit new customers to fill the gap left by those customers who have dumped you. This costs money reducing your profit. It is said that it is 4 times more expensive to get new customer compared to retaining the existing one. We will look at the ways to stop customers from dumping you in a later post; but let’s understand why they leave you in the first place. The reasons are quite varied and some are easier to correct than others.
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Pros and Cons of Multi-unit Operations


Many of the business owners who expand from a single unit to multi-unit operations fail and even end in a worse situation than before. It’s human nature to think of a simple math – if you are making $100K from one unit; you should be able to make $200K from two, right? They may go even further thinking that the outcome should be more than $200K when you include all the synergy you can derive from multiple units.
Even though there is some truth in this argument the reality is operating a multi-unit business is hard work. You need to think long and hard before expanding and consider the pros and cons of multi-unit operations before making a decision. Below I have tried to highlight some of the key points to consider in terms of the benefits and pitfalls.
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How to Make Partnership Work


Statistics show that more than half of partnerships usually end up in failure. This is a reason enough to discourage many would be partners from getting into business with partners. However, it doesn’t have to be this way. Given sufficient precautions the partnerships can not only avoid failure; but can thrive.

There are a number of successful partnerships at a larger scale that have worked well. For example, the triumvirate at the helm of Google – Sergey Brin, Larry Page and Eric Schmidt has grown the company’s sales to more than $23 billion in 2009. So what makes a partnership successful and how can you use it in your situation? Below we have identified several traits of successful partnership from our own experience and that of others.
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Pros and Cons of Partnership


Many people would love going in the business with a partner for variety of reasons. At the same time you will find equal number of others who hate the idea of working with a partner and losing independence. What is it about the partnership that brings different reactions from different sets of people? In this article we will highlight the pros and cons of being in a partnership.

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