Lodging Management Companies: Expert Management or Incremental Revenues

As a lodging/hotel owner you hire a management firm because you are too busy to involve yourself in the details needed to assure that the return on your hotel investment is maximized. Perhaps it's time for you to make a little time to investigate if this is happening? Are you getting expert management or are you just incremental revenue to a lodging management firm?

Setting Business Goals-Use the SMART Method to Achieve Dramatic Results

Proper goal setting is a critical element of any successful business. Without realistic goals, business owners and employees are often left to follow a vague and winding performance roadmap. A clear set of goals helps a business continuously improve, compete more effectively, and fine tune its operations and processes over time.

Leverage and My Mistakes

I was watching a business program on the weekend and exercising some of the hindsight that is of course crystal clear once you've left a business or for that matter any part in your career development.

Strategic Thinking - A Wise Business Investment, According To Your Strategic Thinking Business Coach

Strategic thinking is critical to the long-term success of businesses today. Yet, there are too many businesses that fail to invest time, money and human capital into planning for the future. So many businesses are concentrating only on the day-to-day activities in their business and are failing to create or remember a vision for the future. Some businesses work diligently to create strategic plans, business plans, integrated marketing communications plans, etc. only to leave these plans dormant on some shelf. They fail to remember that these plans are living documents, which warrant follow-through, review and updates.

Customer-Service Provider Relationships-Is Yours A Blessing Or A Nightmare?

How do you ensure maximum success with your project implementations? You need to carefully manage the process. Several key strategies to prepare include careful management of the initial project planning, establishing deliverables and identifying solution options.

Strategic Alliances for Supply Chain Success

No matter the industry, there has always been conflict in the supply chain. That, I believe, will continue to be true. More times than I can remember, I have presented my keynote presentation titled, The New Era of Manufacturer/Distributor Cooperation at either manufacturing or distribution association meetings. In doing my research for these presentations, the supply chain partners usually claim that they communicate well with each other. Unfortunately, that rarely proves to be the case. Through collaborative relationships, supply chain partners can improve.

A Dual Strategy Doubles the Chances of Success

Strategic planning is one way to get from where one is to where one wants to go. Add to this emergent planning, and you may get much farther!

Sales Strategy

The success of any organization depends on its ability to sell its products or services. The profits or revenues earned from sales play an important role in fuelling the growth and development of the business. Intense competition has made it important for companies to draft a suitable and efficient sales strategy.

Sun Zi Art of War-Creating Uncertainty For Rivals

In Chapter Six of Sun Zi Art of War, Sun Zi mentioned the need to vary your formation and strategy according to circumstances and explain why the need to vary. Want to know how you can apply to business? Read on to find out.

Business Plan - Purpose and Objectives

A Business Plan is a process of how a business owner, manager, or entrepreneur intends to organize an entrepreneurial endeavor and implement activities necessary and sufficient for the venture to succeed.

Build Slowly for the Long Haul

Recently, I was privileged to be in Mobile, Alabama at the Senior Bowl, where all the great college football players who are graduating seniors come together for their last big game.

Business Plan Location Success Tips 2007

What does it take to convey your idea to financiers? - How will you organize all that information? What you need is a clear outline and focus. - First you must identify your audience. Who are your potential stakeholders. - Rank them according to importance, but most importantly have a plan on how they affect your future business. In terms of an effective and well accepted layout, the following is a good start, but first where is your business located?

Marketing a Thriving Business for Succession – Best Dollars Ever Spent

In this article I am not speaking to the new business owner; I am writing for the business owner who is well established, and seeking a successful succession plan upon retirement. If you want your firm to be known as an established value, worthy of a buy in, buy-out or merger, you need to dress it in the equivalent of elegant, custom-tailored suits.