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The Three Profits of SME's

The Three Profits of SME's | Business Improvement | Scoop.it
Daniel Watson's insight:

 

Most business owners take a very singular perspective when it comes deriving profit from their businesses, and these owners overlook the sometimes more lucrative, but not as obvious, ways to profit in their business.

 

Every business has three stages in its lifecycle that are important to success for business owners, and each of these stages, offers the opportunity to maximise the overall profits that the business is capable of generating.

 

This excellent article, suggests that understanding the three different profit sources of any business will make a significant difference to the way in which you view and manage your business, and it identifies each of these profit sources and sadvises on how to maximise each of these avenues to greater profits.

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Anake Goodall's curator insight, November 3, 2013 8:01 AM

simple, straightforward, and on point.  and i can see weaknesses in some of my own earlier efforts ...

Business Improvement
Business Advice Professionally Filtered for Quality and Relevance to Owners and Managers of SME Businesses
Curated by Daniel Watson
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Topic Introduction

Topic Introduction | Business Improvement | Scoop.it


This topic is an expanding collection of professionally filtered, quality business improvement advice, prepared for the owners and managers of small to medium sized business enterprises in the English speaking world.


If you find this topic useful, please follow it and share this link http://www.scoop.it/t/business-improvement with other business owners in your network.

 

Comments on articles are always welcome, as are suggestions for improvement of the topic, but please refrain from spamming as all such activity will be immediately deleted, and the perpetrators reported to the Scoop.it team.


Daniel Watson's insight:

 

This topic is fully searchable. Simply click on the funnel symbol in the tool bar and enter your search term or phrase, or alternatively scroll down the extensive list of key words to find the closest match to your query.

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9 Lessons All Startups Need to Heed

9 Lessons All Startups Need to Heed | Business Improvement | Scoop.it

"I can’t tell you how to start your startup, but I will share some pieces of advice which I think could help you along the way to avoid the most common pitfalls of running one."

Daniel Watson's insight:


Those that work for many years in the field of assisting business owners to establish their businesses and then help them to firstly survive and then thrive, are well placed to see commonality in the errors made by startup founders that stop them from succeeding. A few such consultants willingly share their knowledge in this area and when they do it is worth taking note. You will not go far wrong if you take heed of the advice given here.

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SENAME Interactive's curator insight, June 26, 1:08 AM

Startups is like a roller coaster ride, but these tips help to avoid common pitfalls. 

Michael Ravensbergen's curator insight, June 27, 3:25 PM

Growth is alway a team effort!!

 

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Use 5 Big-Business Growth Strategies to Grow Your Small Business

Use 5 Big-Business Growth Strategies to Grow Your Small Business | Business Improvement | Scoop.it
Every small business wants to grow into a big one someday. Consider these five key growth strategies.
Daniel Watson's insight:


The tyranny of not knowing how to effectively grow a business holds back many small business owners from the success they deserve for their entrepreneurial endeavours. It is not as hard as one might think to successfully grow any business, and the tips outlined here, can be used by virtually any small business wanting to grow.

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ERBRAINS MICROSOFT DYNAMICS's curator insight, June 23, 1:21 AM

Thank for the Info

Akbar Danish's curator insight, June 23, 2:42 AM

Which of these 5 business growth strategies work for you?

Ayu Dita's curator insight, June 30, 3:08 PM

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50 Unique and Useful Websites for Business Owners

50 Unique and Useful Websites for Business Owners | Business Improvement | Scoop.it
Internet is an amazing source and they offer some useful websites for the users. Here we go with the list of 50 unique and useful websites on the internet useful for everyone.
Daniel Watson's insight:


Businesses owners are busy people, and often because of the lack of time they have to search the web, they have not discovered the great websites that other businesses are using to make their lives easier. This list contains many great websites that business owners need to be aware of, and where applicable, use the resources available to improve the performance of their business.

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José Antônio Carlos - O Professor Pepe's curator insight, June 18, 9:36 AM

Bela dica de Daniel Watson para a lista que tem Mohammed Anzil como curador.

Jack Alan's curator insight, June 18, 1:24 PM

www.officecomforts.com

Cheryl Engstrom's curator insight, June 18, 4:34 PM

Many of us use these already, but I found some great new ones in this article

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Ten of the Top Social Media Books

Ten of the Top Social Media Books | Business Improvement | Scoop.it
Daniel Watson's insight:


Most small business owners are aware of the power of social media marketing and understand that its low cost can assist them to compete with larger businesses that have big marketing budgets. Transferring that awareness and understanding into effective action is now the challenge that small business owners face. The 10 books identified in this good article point the way forward for small business owners. Well worth book-marking for future reference.

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George Schildge's curator insight, June 16, 7:36 AM

What are you reading?

David Bembry's curator insight, June 16, 5:38 PM

Never stop reading up. The internet is a constantly changing landscape. It takes a couple of years to get a firm handle on things so don't despair or let yourself be overwhelmed if you're just starting out. ;)

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7 Steps to Better Time Management Habits

7 Steps to Better Time Management Habits | Business Improvement | Scoop.it
Daniel Watson's insight:


We all fall into bad habits and many of these bad habits cause us to make ineffective use of our allocation of work time. If you know you need to be a more effective time manager, and you are prepared to address your bad habits and adopt new ones for the sake of your personal effectiveness, then this good article is what you need as a starting point for a better future.

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Elías Manuel Sánchez Castañeda's curator insight, June 9, 12:41 PM

In the book "Quick Fixes for your Productivity" share seven ways to improve time management:

Become aware.Analyse your data.Identify tasks which are not necessary.Identify the tasks which can be automated.Identify the tasks which can be delegated or outsourced.Make gradual changes.Right task, right time.
Jeremy Barton's curator insight, June 11, 9:17 AM

Always useful

Chris Carter's curator insight, June 22, 11:56 PM

Albert Einstein once said, "If I had an hour to solve a problem and my life depended on the solution, I would spend the first 55 minutes determining the proper question to ask, for once I know the proper question, I could solve the problem in less than five minutes." That is time management.

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8 Key Benefits of Social Media Marketing for Small Business

8 Key Benefits of Social Media Marketing for Small Business | Business Improvement | Scoop.it
Daniel Watson's insight:


Small business marketing is becoming more and more dependant on effective utilisation of social media platforms, and if you remain sceptical of the value of social media marketing in delivering required marketing outcomes, then you should have a close look at this excellent article and its attached Infographic, and then consider the cost to your business of ignoring the benefits available.

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Norberto Mercado's curator insight, June 17, 11:18 PM

Social Media Marketing is certainly as a search engine. You have to be present on social media to give their brand recognition and have to have authority in your market. These days social media is the spark plug that move relations in all respects by the Internet in the world. Social media is used by users across the globe. No matter the economic level, almost all households in the world have somehow CONNECTION websites with social networks. Social media marketing are similar to cell phones they are here to stay.

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6 Hats Every Business Owner Must Wear

6 Hats Every Business Owner Must Wear | Business Improvement | Scoop.it
Daniel Watson's insight:


Owning a business, puts one in a position where a multiplicity of roles needs to be accommodated, until such a time as the business is large enough and profitable enough, to employ qualified professionals in key areas. Often businesses fail because the business owners do not know, or do not understand, the key hats they must continually wear as they grow their businesses. This article identifies each of these key hats and then shares why each is critical to a business wanting to succeed.

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Kathleen Nestor's curator insight, June 1, 11:56 PM

You Can Be A Great Leader And A Terrible Boss... Or You Can Be A Great Boss And A Terrible Leader... Check Out This Article..

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22 Selected Blogs for Early Stage Business Owners

22 Selected Blogs for Early Stage Business Owners | Business Improvement | Scoop.it
Daniel Watson's insight:


The early stages of building a business can be challenging, and for those less experienced, very difficult. Learning from those who have successfully travelled along the start up path, and are willing to share their wisdom, can be extremely worthwhile. This list and summation of 22 Business Blogs is well worth saving for whenever you need inspiration to keep you going.

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George Schildge's curator insight, May 28, 7:32 AM

Great list!

Maria Rekrut's curator insight, May 28, 9:21 AM

These Blogs are good for any type of business you're in.  Enjoy the read!!  Cheers, Maria Rekrut

David Bembry's curator insight, May 28, 10:38 AM

A bit of weekend reading!

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31 Expert's Tips for Standing Out on Social Media Platforms

31 Expert's Tips for Standing Out on Social Media Platforms | Business Improvement | Scoop.it
Daniel Watson's insight:


If you utilise social media to market your business, you need to find ways to stand out from the crowd, and cut through the barriers to be noticed enough, to have a positive effect on your bottom line. This is easier said than done, but if it is your aim to be noticed, a good starting point is this excellent article, which presents advice from 31 successful exponents of the art of being noticed on social media.

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