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Category: business

Business Minefields To Avoid

May 12, 2015 by Kristen Ci

Whether you are managing a large or small business or a department, here are a few business minefields to avoid. People are your most valuable asset Your talented and experienced people are your most valuable assets. Never delay or defer milestones which are important to employees such as their semi or annual review. Even if you have little or no budget for salary or wage review, still schedule and conduct the review on time every time. Employees want to know that you value them. Next, dont forget to praise them in public when they earned it, it makes them stronger and even better at what they are doing. If you have to give constructive criticism, always do it in private. Never, ever forget they are your most important resource. Remember business is a game of margins not volume Examples of rationalizing low margin business include accepting it for incremental business and / or to absorb overhead costs. These are both habit forming and hazardous practices. Your sales force can easily

Posted in business, budget, planning, profit

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