Post about "business"

Business Process Consulting – Consulting to the Small Business Owner

Why are small businesses such a powerhouse in the economy?One of the ingredients is that successful small businesses are run by people with passion. Small business owners believe in what they are doing, and they love doing it. They are brimming with ideas.At heart, most small business people feel that they were born to make a difference in the world – to make the world a better place. The small business owner is obsessed with succeeding in making that difference and reaping the rewards that they deserve for both themselves and for the people around them.They do what it takes to make something happen – the long hours, the heartache, the joy, the desperation, the failure, the success and the elation. These people experience the full range of human emotion in the pursuit of their dream. They are the true believers.How then can the small business consultant contribute to the small business owner’s success?The answer is that the small business consultant must know how to help the small business owner learn to think strategically and thereby gain clarity, focus and direction. Such results are possible only when the consultant keeps three critical factors in mind:- While passion is often a key ingredient, a small business cannot run on passion alone- The small business person must make good strategic decisions- A successful small business person works hardA Small Business Cannot Run on Passion AlonePassion is critical in small business, but it must be channeled and directed. Single-minded focus is gained only by going through a deep thinking, soul-searching process that delivers a clear sense of Mission, Vision and Values.This process must occur at the personal level and then be reflected in the business itself, through words that spell out the Mission, Vision and Values in easily understood language.These words become the primary essence of the business. For the small business person, these statements spell out their beliefs and assumptions about their business and inform everything that they think, say and do.Every morning, when the successful small business person gets out of bed, it is with a real sense of purpose, namely, to fulfill his or her Mission.Their Mission, Vision and Values are well understood within their business, and they are the critical clauses of the employment contract that everyone in the business signs up for.Mission, Vision and Values inform and shape all business policy development and the processes and measures that are put in place to ensure disciplined execution.Making Good Strategic DecisionsOnce the value base of the business is defined, it must be aligned with good strategic decisions.Strategy Formulation is critical for success in small business. It is the thinking that this exercise generates that delivers high performing action, sustainable outcomes and lasting results.The effective small business consultant takes the small business owner through a process of thinking that ensures that the nature and the direction of the business are fully understood. The critical issues for action are identified and priorities are set.Agreed actions must then be written down, so that they cascade from the strategic level to all the operational streams of the business. Everyone in the business must know what part they play in achieving the strategic goals.Remember, small business people are energized by the demands put on them in the moment. This is because they are people of action. However, this can be a problem when they are under too much pressure. They can become overwhelmed by the clamor of present demands, and they often fail to have a planned approach.Working to a well constructed small business plan, based in good strategic thought and decision making, relieves the pain of the frenetic pace and worries of the day to day.By paying attention to the important things that further their strategic goals, the successful small business person gains the right perspective on immediate and urgent sounding distractions. Business development and risk management are all addressed, when the small business owner works to a plan.One of the important things that the small business person must have clear in their minds is everything to do with their customers. They must know who they are. They must know what they need. They must know where they are and how they are going to be reached. They must know their own capabilities in being able to deliver what their customers want.They must know the gaps in their own business that must be addressed to achieve high yielding results.When all their capabilities are analyzed at depth, the small business owner has the information he or she needs to make the decisions that will secure the future of the business. The small business consultant must ensure this is the case.A Successful Small Business Person Works HardWhen the small business owner is clear about his or her Mission and Vision, and is behaving in keeping with a well defined set of values, hard work is not an issue. Working to a well conceived plan generates sufficient enthusiasm that even small gains become immensely gratifying.Quality of thinking, combined with good decisions and focused action, evoke the work ethic that creates momentum and delivers outstanding results. Small business owners are energized and become even more motivated when they are in touch with their own value base.They feel in control when they have a good plan in place that they can work to. This is because they are paying attention to the right things, in the right way, and they can see that they are making progress.Passion, aligned with good decision making at the strategic level, puts them in control of their business and makes them feel alive. It puts them on the path of never-ending improvement, both personally and in their business.

How to Go About Property Management?

Today real estate is one of the best investments a person can make. With recession on its way out and a cautious, but steady, growth visible again, it is the unsaid truth that most real estate investments will pay off manifold in the future. Besides, you can acquire a property and put it on rent so that you get returns on your returns on a continuing basis while the value of the property keeps appreciating.But such a real estate investment can be a hassle if you don’t know a thing about property management and the legal issues of owning property and renting it out not to speak of the potential problems a tenant can possibly create for you. From a revenue source property could turn out to be a liability. Now, suppose you buy an apartment, but you don’t know much about property management. In that case what do you do?You hire a real estate firm and let them take over management of the property, for a certain fee of course. In the modern business context managing a property takes on a new meaning viewed from a different perspective. This is a comprehensive range of services.Now, the next question you ask yourself is how you choose the most suitable real estate firm for yourself?There are certain ground rules and tips that you can follow for apartment property investment and its upkeep and maintenance. Some of them go as follows:• The first and foremost is the question of frequency of visiting the properties. A good property management agency would never wait for a maintenance problem to visit the properties. Instead, it would keep on visiting the properties at regular intervals, to prevent such maintenance problem from cropping up.• The next thing is your mind will be whether the real estate firm will have a 24 hour, round the clock, maintenance crew or not. Only the competent Realtor will be able to say yes to that question without showing any reluctance. This is also vital for your peace of mind.• A very important thing is to check the other properties managed by the real estate firm in the same area. You don’t want your investment to fall apart on account of poor property management.• An equally important aspect is the screening of tenants. A good property management firm will set up your apartments with appropriate tenants, with a proper check being done on their background, employment and other factors.• Last, but not the least, is the fee that the agency charges; you may come across property managing agencies that charge either a percentage of the income derived from the property or a fixed monthly income. It all depends on your comfort level and mutually agreed terms.It is very important for you to follow these ground rules for a successful return on your investment. The key to that is good property management. Fortunately for you, we at Spectrum Enterprises have this ethic of client satisfaction and professionalism in everything we do at the core of our business policy and work to maintain our image in the market. We provide you with all that a good property agency would provide you with and more. So, for apartment property management, you can hire and us and live in peace as we’ll take care of your investment, like we take care of our own investments.