The Importance of Supply Chain Management

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A well-developed supply chain is a vital component of any business. Supply chain management defines a system that involves the creation, production, and delivery of products and services to customers. A supply chain deals with raw components or supplies that the business needs to create a product or service. Business owners need parts, components, tools and equipment to aid in product development or services offered to customers. Without these resources, your business could not function. 

 Supply Chain Basics 

The Importance of Supplier Management

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Alone, the concept of supplier management is not necessarily complicated. However, if business leaders are unsure of what should make up a supplier agreement, or how to approach choosing a supplier, supplier management can quickly become complex. This is especially true when one vendor has a particularly large impact on the success of your business. 

The Difference Between Employer - Only and Employee - Only Plan Contributions

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Undoubtedly, the world of employee benefits is ridden with jargon. One of the biggest obstacles when choosing an employee benefits package is having to understand the differences between employer-only and employee-only plan contributions. To help you make your decision, this post will expose the differences between employer-only and employee-only plan contributions. 

 Employer-Only Plan Contributions 

The Business End of the Business Plan - Your Own Crystal Ball

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It is said that every strategic plan in a war lasts for the first few minutes of the battle, but is quickly compromised once the battle begins. The same rule applies to business plans. Usually, once the business opens, all the plans change. However, in both scenarios, the original plan is still valuable. The reasons for making a plan despite uncertainty may be summed up in one simple idea: The financial portions of a business plan serve as something of a crystal ball into the future of your business.  

Strategic Planning - Fitting the Pieces Together

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For strategic planning to be successful, you must understand each piece of your plan and how it fits with every other piece. Once you understand the place for each task, assignment, and decision, you can take these pieces and put them together to formulate your plan. When you decide it is time for you to get down to the nuts and bolts of your plan, there are a few things to remember. If you follow this process and put in the time you need to answer questions and concerns thoughtfully, you will find that a strategic plan is not so difficult to carry out. 

Sorting Through the Mountain of Opportunities - The Identify Module

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The more experience you have at a given task, the easier it will get. However, it is not efficient to spend all of your time searching for and gaining experience. The late Carl Sagan, a world-famous storyteller, once visited the New York Public Library where he made mention that the library holds almost 53 million items.

Navigating the Money Maze - Some Tips for Borrowing Startup Money

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If you have started looking for ways to raise money to start a business, it may seem as though there are too many funding options and too little time to sort them all out. Here are some simple tips to make it easier to identify the most promising sources of startup capital in today's business climate. 

Tip No. 1: Know how much you need from outside funding sources

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