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Small Business Management Principles

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  For any small business management to flourish there is a great need of innovation and creativity. As a manager find an excellent role model, either an individual or a company. Establish what makes them successful and then emulate their mode of operation to your small organization depending on your needs. As you emulate avoid pursuing courses of action that are of no value to you or your business. Absorb only that which is essential to running of your business operations. Seek to improve excellence in financial management by budgeting before spending. Avoid lip service and approach your business with policies that suit you and your small business management. Adopt and adapt to methods that have been tried and have proved to produce excellent results. Problems should be confronted and resolutions found as they occur. Solutions are good for as long as they work. Being knowledgeable and well informed in your line of business will greatly improve your business performance. Significant...
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Small Businesses - Manage Risk Before It Manages You

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Entrepreneurs are usually risk-takers, but many do not actively manage the risks to their business which leaves it at the mercy of whatever unfortunate circumstance chooses to befall the business. The difference, in times of adversity, between surviving and thriving or watching your business go under, all comes down to one thing — Risk Management Planning. Adversity for business comes in many shapes in sizes. It is usually sudden, unexpected and loaded with various, and often competing, threats that need to be dealt with — fast. It can be as dramatic as a car crashing into your store, or thieves holding customers hostage, or it can be as boring as a key supplier going out of business or your I.T. systems crashing. How well you are prepared for any eventuality and the plans you put in place for the risks that face your small business will determine how resilient your business proves to be in adverse circumstances. That preparation is encapsulated in the Risk Management Plan. Risk Manage...
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Location: Pittsburgh, PA, USA
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