“Yield higher buyer satisfaction by developing products that actually solves a problem, is easy to use/set up, is convenient, fun and environmentally friendly.”
Tag Archives: business tip
Tax Reform: The best way to utilize tax savings
The new tax law will offer tax cuts to businesses which raises many questions among leaders as to how to best utilize that capital/ tax savings. Many companies have decided to invest in their people by giving away generous bonuses which embodies the employee-centric philosophy. In addition, to demonstrating your appreciation for your employees youContinue reading “Tax Reform: The best way to utilize tax savings”
Happy Holidays!
Happy Holidays! I hope you have a great, delicious and safe holiday!
Lean Wednesday Tip: Why you are in business
“Effective leaders are motivated by why they started their business instead of the financial rewards. They strive to solve real industry and consumer problems coupled with the integration of employee and customer-centric philosophies in their culture. They are not me-too leaders, they are innovators.”
E.O.W(End of the Week) Notable Tip: Reduce RFP Lead Times
Happy Friday! I hope you’ve had a great week. Today, I will discuss how you can optimize your CRM management process for reducing RFP (request for proposal) lead times while increasing profitability. By developing a client quality plan it becomes easier to vet prospects which makes RFP analysis much easier. RFP lead times (time takenContinue reading “E.O.W(End of the Week) Notable Tip: Reduce RFP Lead Times”
Lean Wednesday Tip: Fulfilling Buyer Needs
“An over-designed product causes waste and increases overhead. It is best that you gather insightful insights from customers to ensure you truly comprehend what they really want in a product instead of over-designing a product that no one wants to buy or understands how to use.”
E.O.W (End of the Week) Notable Tip: R&D Spending
Happy Friday! I hope you’ve had a great week. Today, I would like to touch upon R&D spend. Research has shown that highly successful innovative businesses have a lower R&D spend to sales ratio compared to their competitors. For example, Microsoft has one of the highest R&D spend to sales ratio but poor innovative value-creation;Continue reading “E.O.W (End of the Week) Notable Tip: R&D Spending”
E.O.W (End of the Week) Notable Tip: Being Grateful
“Being grateful for your business, employees, clients, vendors and suppliers should not be a one time thing. You should continuously thank them and praise them because without your employees or clients you would not have a business. Always respect them and treat them well because they are more than just numbers.”
E.O.W (End of the Week) Notable Tip: Product Innovation for lower freight costs
Happy Friday! I hope you’ve had a great week. Freight and shipping costs can eat away at profits but they don’t have to. By having strong auditing, procurement and vendor management processes you can yield better profits. One way to reduce freight costs is by working with suppliers on product innovations that reduce the weightContinue reading “E.O.W (End of the Week) Notable Tip: Product Innovation for lower freight costs”
Lean Wednesday tip: Buying a Business, tax savvy contracts
“When buying a business get a written guarantee; ensure your purchase contract includes a stipulation that requires the seller(s) to promise to only sell the business if there are no taxes owed and that the seller(s) will be personally liable to the buyer if this turns out not to be true.”
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