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Management and Strategy

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February - 2012 Invest Equally in People, Process, and Technology

Most investments made to improve a business fall into one of three categories: people, process, or technology improvements. But alone, each of these categories of investments can provide disappointing returns…

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Finance

February - 2012 Build a Business Nest Egg

When I started my machine shop 20 years ago, learn to “sit on cash’ was advice I frequently received. This counsel proved to be invaluable when the recession hit in 2008, creating a favorable environment for purchasing used equipment…

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Operations

February - 2012 Take Advantage of Time-saving Technology

When we sell a POS (Point of Sale) system to a restaurant, we need to get a signed contract. In the past, our salesperson would drop off the contract for the business owner to review. Often the restaurant was preparing to open, so the place would be a madhouse. They might not have a fax available, and usually had little time to go through the documents carefully…

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