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  • Renee: CEO Coach & Management Specialist 4:32 pm on October 7, 2009 Permalink | Reply
    Tags: , , data, , , , learning, , , , practices, productivity   

    A Need For Knowledge Management Can’t Be Denied 

    The specific knowledge of a company should be considered critical and should be reflected in policy, strategy, practices and overall functioning of any organization, profit or non-profit. That’s when you get into the area of knowledge management.

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    Defining knowledge management can be complex. It involves the process of acquiring, storing, distributing, and using information within a company. The information is generally held on a powerful database and distributed via a communications network. It’s also the coordination and exploitation of an organization’s knowledge resources, in order to create benefit and competitive advantage. The goal of knowledge management is sustained individual and business performance through ongoing learning, unlearning, and adaptation.

    There are various types of knowledge management software out there. You just have to decide which is best for your company. It has emerged as a map or guide for all business strategy and it’s considered as a revolution in re-engineering of business processes. It helps in organization learning, competence management, innovation & quality management.

    Knowledge management is imperative for your company. When you seek to justify your investment into knowledge management, ensure that it’s tied directly to your business objectives. It can help to drive achievement of those objectives. It can lead to reduced costs, increased revenue, increased profitability and the achievement of your other business objectives.

    It requires a culture to facilitate it with significant investment to see results.

    • Does your company have a culture of knowledge sharing or knowledge hoarding?
    • How much time is lost within your organization when searching for information that’s in your company’s database but not available to others or when needed?

    Knowledge management seeks to capture what the firm knows and makes that knowledge accessible throughout the organization. The need for managing knowledge cannot be denied, but every organization needs to act upon this need. Once it becomes better understood and more widely used, it’ll become more effective.

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  • Renee: CEO Coach & Management Specialist 9:12 pm on October 4, 2009 Permalink | Reply
    Tags: business insurance, crisis management, insurance, learning, , manuals, policies, , procedures   

    Small Business Insurance: Pay Now Or Pay Later 

    There are many things to think about in managing and starting a business. In your rush to stay on top of business, some important things can be overlooked or neglected, such a business insurance. No matter the size of your business, you need some form of insurance protection.

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    Business Management Services OF Clerical Business Solutions

    Don’t let your coverage lapse/ terminate ’cause you never know when an emergency will come. Insurance is important for everything in your life, from your home, to your life and your car. Knowing that you have that security blanket there at all times, gives you peace of mind.

    Check out my post called “In Business, Expect The Unexpected”

    Even if you have a home-based business you might want to consider getting insurance for your business. Sometimes your house or apartment insurance may not cover your business equipment or losses.

    You could get an add-on to your basic homeowners insurance policy such as a homeowners policy endorsement or an in-home business policy.

    There are many things that insurance policies won’t cover so check with your insurance agent to see what you will & won’t get. Some insurance policies can be tailored to fit your needs.

    Sometimes the amount of & type of business that you do can influence your eligibility for various types of insurance. Some policies are more expensive than others. Some include everything and others don’t.

    There are many things that lead to the success and longevity of your small business. sometimes you just have to lay out the extra cash to benefit your business down the road. It’s best to make small payments now than to make HUGE payments later.

    So which would you rather do: Pay Now Or Pay Later?

    No matter what type of policy you choose to use for your business, the important thing is that you evaluate your business practices and needs, and take steps to protect them.

     
  • Renee: CEO Coach & Management Specialist 4:33 pm on September 24, 2009 Permalink | Reply
    Tags: , business bankruptcy, , , , financial, government, learning, , , problems, relief   

    Bankruptcy: Learning Lessons From The Big Boys 

    There are many things that can cause a business to go bankrupt. If you care about the longevity of your business try to find ways to avoid bankruptcy all together. As a small business, sometimes you can learn lessons from the the big boys: major corporations.

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    Many times it may seem like they have it all together but behind the scenes things are not so good. Then come to find out the companies that you thought were doing good are now going into bankruptcy. In conjunction with a bad economy & to no avail, many people are being forced into bankruptcy which causes problems in their business.

    In 2008 many big companies filed for bankruptcy like Circuit City, Bally Total Fitness, Linens n’ Things etc… For 2009 many may be looking to file such as Hertz Rent-A-Car, Sprint, Macy’s, Textron, Goodyear, Chrysler etc…

    Take a look at the Chrysler corporation, after trying many options to negotiate it’s debts, they have filed for bankruptcy in 2009 in an effort to reorganize & become more viable. According to the Reuters Report, Chrysler’s Chapter 11 filing is the first bankruptcy by a major U.S. automaker.

    Will you be the next to file?

    Sometimes bankruptcy can be caused by bad financial management or circumstances beyond the owners control. To help avoid this problem try to seek out wise financial counseling for yourself and your business.

    Business bankruptcy is serious business & at some point in time in your small business you may run into financial problems. But with a little creativity and strategic planning, you can stop a small financial problem from turning into an outrageous financial crisis.

    Sometimes bankruptcy serves as a relief to business owners who are financially stressed & they’re unable to find a way out or as a way to reorganize their operations in attempts to become viable after tough times.

    Would reorganization or relief through bankruptcy

    benefit a small business?

    It is imperative for a business owner to find ways to overcome the financial problems that occur due to poor planning and lack of finance.  Then find ways to continue to run your business until it turns profitable.

    At the end of the day when you take a look at it all, regardless of how good your product, how established your brand name, how valuable your plant and machinery or how dedicated and competent your staff; a negative cash flow could cause your business to crash & burn.

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  • Renee: CEO Coach & Management Specialist 4:03 pm on August 9, 2009 Permalink | Reply
    Tags: , download, , , , learning, , , , ,   

    Ebook: Strengthen Your Business In A Recession 

    A recession can bring about difficult times in a business. You need to strengthen your business from the inside out for success in a recession. Here’s an ebook that can help you build strength for better success in or out of a recession. A stronger business equals a better business.

    In a recession, you need all of the help that you can get for your business. Look below at the ebook preview of: Strengthen Your Business In A Recession.

    You can read the entire e-book by purchasing it here. Click this link & purchase your copy today only $5.95. That’s right this WONDERFUL N’ INFO PACKED EBOOK IS ONLY $9.95

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