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3 ways to turn a small business in to a big business
Greg L. Alston Business Management, Services & Risk ManagementIn my never-ending quest to give simple answers to incredibly complex questions, I have attempted to give a quick explanation of: What makes a business successful and worthy of growing in to a big business? There are really only three things that matter.
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How to negotiate a lease renewal rent reduction for commercial tenants
Dale Willerton and Jeff Grandfield RetailWhen we speak at major North American conferences and franchise shows, we frequently advise our audiences on the importance of properly negotiating their lease renewals. With doing so, ample benefits await — often including a rent reduction.
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7 mistakes to avoid when choosing your business advisors — Part II
David B. Mandell and Jason M. O'Dell Business Management, Services & Risk ManagementIn our many years as professionals, we have seen many clients make mistakes when choosing and working with their business advisors. From this experience, we have created a list of seven pitfalls to avoid.
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Are you opinionating all over your sales floor?
Harry J. Friedman RetailWhen someone asks how your business is doing, you certainly can answer if business is up or down compared to last year. But do you know which salespeople are producing the most business? Which ones are consistently selling more than one item per sale? Which salespeople have the highest average sale? Come on now. No opinionating. Just the facts, ma'am.
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How to implement a 5S system at your facility
Jeannea Jones Facilities & Grounds5S was established in Japan as five pillars of progress to create a lean methodology for inventory management: seiri, seiton, seiso, seiketsu, shitsuke. These Japanese pillars have been identified as one of the techniques that enabled "just in time" manufacturing, and they have been translated into several American versions with various "S" themes.
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Micro managing doesn’t necessarily mean what it used to
Brie Ragland RetailWorkplace flexibility has proven over and over to go hand in hand with the increased productivity of today's workforce. Arrangements that allow workers to continue making productive contributions to the success of a company while allowing for life activities are becoming increasingly popular.
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The only 3 things you need to know to be a good pharmacist
Greg L. Alston PharmaceuticalFor the past seven years, I have worked as an associate professor at the Wingate University School of Pharmacy in North Carolina. After working in the retail drug industry since 1977, I had this strange notion that I might be able to help the students balance the heavily acute-care clinical education with the more streetwise practical elements of community pharmacy.
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Make applying for your jobs easy
Mel Kleiman Business Management, Services & Risk ManagementThere are always plenty of people who want to work, but there are never enough good and great ones. That's why the largest, most attractive pool of potential recruits are all the folks who are now employed. They are the proven, dependable, honest, diligent people savvy employers covet most.
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Older consumers want to hear from you
Michael J. Berens MarketingLeaders looking to grow their businesses might start by taking a look around their offices. They are likely to find a fair number of older workers, including, quite possibly, themselves. The median age for CEOs is 55, and the Bureau of Labor Statistics projects that by 2020 the median age of workers will reach 42.5 and workers age 55 and older will make up more than 25 percent of the workforce.
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Your pharmacist may know less than you think
Jason Poquette PharmaceuticalLess about you, that is. What I'm talking about is what I like to refer to as the "pharmacy information gap." That is my euphemistic way of saying that, in our current model for prescribing and dispensing, the retail pharmacist is often entirely blind to the diagnosis for which a medication is written.
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