HR challenges and schools small business owners for a new day!
HR challenges facing small business owners can be vast. There are some challenges, not that all challenges are not significant; however some challenges can be detrimental to your business’ growth.
Challenges include accounting for tax and insurance considerations. Small business owners must remember to register for an EIN (Employer Identification Number) as well as register for payroll taxes.
Employers must be critical in hiring staff that are a good fit for the organization. In small businesses, organization members wear many different hats. Accordingly, employers should hire members who are committed to achieving organizational goals and not worried about being expected to do “too much”. Employers must also be careful to acknowledge jobs well-done and appreciate the hard work of all organization members.
All-4-HR & Business Solutions can handle your talent scouting and hiring process.
We Are Here to Help You Deliver Great Human Resource Services!!!!
On demand access to world class advice and consultancy regarding employee issues. As a business owner, there are several areas of business that are constantly challenging. All-4-HR & Business Solutions is ready to assist with your business issues; assess your business strategy, handle your paperwork. Let me know how we can help your business. Review the website: www.halliburtonsupportsu.com to see a list of services, seminars, etc.
Showing posts with label all-4-hr and business solutions halliburtonsupportsu. Show all posts
Showing posts with label all-4-hr and business solutions halliburtonsupportsu. Show all posts
Monday, October 3, 2011
Wednesday, August 24, 2011
Business Strategies
Business Strategies
In today’s business the adage one does not plan to fail; one fails to plan is more IMPORTANT than ever!! Business strategies, business plans, human resource management strategies, marketing strategies, marketing plans… While it may sound like a lot, it is not as complicated as one would like to think.
I read somewhere a gentleman indicated you cannot write a business plan if you have never been a business owner. I have to disagree with this gentleman. A business plan is a strategy on paper. It is a road map. It is a guide. It is a map that details the business trip; your company business trip. While a business plan is the map to a successful business, it is important to also develop a strategy. Porter (2008) asserts the job of a strategist is to understand and cope with competition. As an Entrepreneur, the absence of a strategy can be detrimental to the success of an organization. As a small/medium size business owner, one of the most important roles is growing your business.
Porter (2008) also identifies five forces that shape a business strategy: bargaining power of suppliers, threat of substitute products or services, bargaining power of buyers, threat of new entrants, rivalry amount existing competitors. Assessment of these aspects of one’s environment can position a small/medium sized business to be competitively advantageous in its industry.
Drucker (1985) identifies these Entrepreneurial Strategies:
The Futest with the Mostest strategy focuses on building big businesses and dominating a new market or industry. The Futest with the Mostest strategy is applicable to businesses and institutions.
Creative Imitation – The Creative Imitation is contradictory to “imitation”. In, the creative imitation strategy, the entrepreneur applies their own strategy to another company’s idea. The entrepreneur revises and implements its own innovative ideas, making the product its own. The strategy was utilized successfully by IBM and Proctor & Gamble.
Entrepreneurial Judo is wherein a company exploits the bad habits of a competitor to get ahead. It is a market-driven strategy and also the less risky strategy. The entrepreneurial strategy was utilized by Xerox.
As an entrepreneur one may also research the niche strategy or changing economic characteristics of product or service. I speak of these strategies simply because as Entrepreneurs, we sometimes have to back up and reassess the current business strategy to assure that it is working effectively in growing your business.
We’ll talk strategy again on Friday!
April,
All-4-HR & Business Solutions
Please feel free to contact me at aprilh@halliburtonsupportsu.com to find out more about these and other strategies.
In today’s business the adage one does not plan to fail; one fails to plan is more IMPORTANT than ever!! Business strategies, business plans, human resource management strategies, marketing strategies, marketing plans… While it may sound like a lot, it is not as complicated as one would like to think.
I read somewhere a gentleman indicated you cannot write a business plan if you have never been a business owner. I have to disagree with this gentleman. A business plan is a strategy on paper. It is a road map. It is a guide. It is a map that details the business trip; your company business trip. While a business plan is the map to a successful business, it is important to also develop a strategy. Porter (2008) asserts the job of a strategist is to understand and cope with competition. As an Entrepreneur, the absence of a strategy can be detrimental to the success of an organization. As a small/medium size business owner, one of the most important roles is growing your business.
Porter (2008) also identifies five forces that shape a business strategy: bargaining power of suppliers, threat of substitute products or services, bargaining power of buyers, threat of new entrants, rivalry amount existing competitors. Assessment of these aspects of one’s environment can position a small/medium sized business to be competitively advantageous in its industry.
Drucker (1985) identifies these Entrepreneurial Strategies:
The Futest with the Mostest strategy focuses on building big businesses and dominating a new market or industry. The Futest with the Mostest strategy is applicable to businesses and institutions.
Creative Imitation – The Creative Imitation is contradictory to “imitation”. In, the creative imitation strategy, the entrepreneur applies their own strategy to another company’s idea. The entrepreneur revises and implements its own innovative ideas, making the product its own. The strategy was utilized successfully by IBM and Proctor & Gamble.
Entrepreneurial Judo is wherein a company exploits the bad habits of a competitor to get ahead. It is a market-driven strategy and also the less risky strategy. The entrepreneurial strategy was utilized by Xerox.
As an entrepreneur one may also research the niche strategy or changing economic characteristics of product or service. I speak of these strategies simply because as Entrepreneurs, we sometimes have to back up and reassess the current business strategy to assure that it is working effectively in growing your business.
We’ll talk strategy again on Friday!
April,
All-4-HR & Business Solutions
Please feel free to contact me at aprilh@halliburtonsupportsu.com to find out more about these and other strategies.
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