Business

Where Should Staff Sit In An Office?

Posted by Bob on
Many businesses operate from some kind of office set-up, with many different staff members each doing certain jobs. Because of the mix of people, all working in close proximity, something like a simple seating plan can help to organise the workflow of the entire office. It’s common practice for an office to designate certain staff members to different departments. This helps to keep the area organised so work can flow more smoothly. But sometimes things can get in the way of the perfect arrangement, what looks good on paper might not necessarily be the best for those working in the office. It’s important to consider personal relationships when organising staff....
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Business Services/Business

How To Market A Small Business

Posted by Bob on
All businesses need some kind of marketing. Whether it’s a simple good word or a multi-million dollar advertising campaign, marketing is necessary in order to keep business pouring in, and with small businesses it’s no different. It’s recommended that a small business should be marketing all the time, wherever it happens to be. A great way to do this is to use an elevator pitch. Research shows the average attention span of an adult is about six to eight seconds. In that time the advertising needs to grab the attention of the viewer and send a message about the business. Elevator pitches do this perfectly, they are a short a summary used...
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Business Services

How To Grow A Business Strategically

Posted by Bob on
An important factor when aiming to grow a business is deciding whether you and your employees have the right expertise or experience, in order to be strategically prepared for future growth and development. This is crucial, if for whatever reason your business isn’t ready you will need to bring additional people on board. If this is the case then new employees, particularly at a senior level, should have the ability to take the business to new heights. New staff members can carry out general business jobs, while you and your strategic planners can concentrate on the future development and growth. Sometimes however, businesses can’t afford to pay for someone new to come...
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Business/Business Information

Understanding The Basics Of Accelerated Depreciation

Posted by Bob on
Understanding The Basics Of Accelerated Depreciation
When looking at accelerated depreciation always keep the name in mind. The word ‘accelerated’ refers to the rate that the cost of an asset moves at, which in this case is faster than usual. The word ‘depreciation’ means that cost is going down in relation to assets of similar value. To look at it another way, the asset’s cost is allocated in a much faster manner, with more of the cost being allocated at the beginning and less at the end.  The total amount of depreciation remains the same, but the rate at which it takes place is different. When it comes to accounting, accelerated depreciation is often used as a...
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Business/Business Information

Getting Hold Of Industry Comparison Analysis For Business Use

Posted by Bob on
Getting Hold Of Industry Comparison Analysis For Business Use
An important part of business is understanding how you match up to the competition. Fortunately you don’t have to resort to any kind of espoionage, as this can be done using an industry comparison analysis. An indsustry comparison analysis is a process which compares your business’s performance to other small businesses in your industry. However, these can be dificult to carry out, especially for smaller businesses since getting hold of the required data can often be tricky. If your business applies for a loan or investment its likely that they will perform a ratio analysis with your existing financial statements. Giving you acess to some of the data needed for the...
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