Lets get down to business. The goal of most businesses is to make a profit. Non-profits and service organizations are no different. They raise funds, increase revenue, reduce costs, all in an effort to get maximize profits and fund the dream. Sadly, failing to position a product or service appropriately is one big reason businesses fail.
This article is the first of a series of articles geared towards providing you easy steps to determine the right price for your product or service.
Continue reading “How Do You Price Your Products? Here’s a simple How-To series”
Why Contract Management Benefits from Automation @ Contract Management Software Blog.
The preceding article illustrates some excellent reasons contract management benefits from automation . I particularly enjoyed the importance and benefits placed on central location and storage of contract clauses. Unfortunately, a major drawback to lack of compliance or contract performance has been ignorance/unawareness of contractual responsibilities by departments/sections responsible for accomplishing a task. Keeping departments involved on changes (modifications), seeking suggestions or recommendations can further help the NEXT set of contracts being solicited and adequate compliance to the current contract(s).
Over the next few weeks I will be publishing articles designed to provide insight on industry leading practices any business can benefit from. Stay Tuned!
As many entrepreneurs, CEOs and business managers can attest, days at ‘the office’ are more often than not filled with tasks and responsibilities geared towards maximizing profits. Some examples include developing new services and products, marketing the brand, and strategically planning ways to reach or surpass the company’s mission, vision and goals.
As such, it is more important now than ever for organizations to decrease costs by increasing efficiency. In my experience, identifying shortcomings and improvements through internal audits will exponentially increase effectiveness and reduce waste of resources (labor, materials, equipment, etc.).
Continue reading “Internal Audits: why even bother??”