Management coordinates all business functions. Basics need to be managed individually and collectively. Efforts dedicated to a common cause require less time and effort.
• PLAN• REPORT• EVALUATE• DEVELOP
MANAGEMENT Coordination of Basics
Thinking is not planning. Planning requires writing down the steps you must complete to reach objectives.
1. Decide on a management style.
2. Identify management requirements for each Basic.
3. Assign the responsibilities for each Basic.
Plan Steps Required for Objectives
“Are we there yet?” is the question most asked when traveling. Reports answer the same question for business.
1. Identify key numbers for tracking.
2. Establish a regular reporting procedure.
3. Review numbers on a scheduled basis.
Report Feedback Needed for Evaluation
Efficiency comes from using the best methods. Comparing results to plans increases effectiveness.
1. Set a standard for time for evaluation.
2. Include recognition, scheduled and open items.
3. Set goals and follow-up deadlines.
Evaluate Process of Comparing Results
Do not ignore weaknesses. Relying on strengths keeps you from being the best you can be.
1. Assess your strengths.
2. Improve on your weaknesses.
3. Choose opportunities which build on proven potential.
Develop Improve On Existing Conditions
Small Home Based Business
Avoid Failure – Enjoy SuccessOffered by a major electric utility to
over 29,000 small business customers, immediately available to ensure your small home based business success.
The Profit Puzzle
www.profitpuzzle.com