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J.C. Penney will not survive for very long because of the following 3 reasons. First, a retailer cannot lose as many customers as they have and expect to win them back anytime soon.

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If you’ve ever wondered about hiring a business coach chances are you’ve weighed up the cost of engaging one vs the pay-off you’ll get. Maybe you know someone who’s had a business coach before and their success was less than mediocre. So it’s a good question to consider.

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Being a business owner can be a solitary job. Sure you’ve probably got people around you – perhaps managers, employees etc. but you’re still the one in the hot seat.

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Technology has grown tremendously over recent years. With it come a lot of opportunities and challenges alike. Of great importance is the way it has revolutionised the ways businesses conduct businesses with each other.

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Nowadays, background checks that are performed by professional companies have become essential for both start up and established companies. This is because the two entities can greatly benefit from their services.

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A foggy lens clouds your vision and triggers your immediate reaction to clear that thin layer of condensation so that you could see. When your business strategy is unclear, do you take action to get clarity?

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In today’s highly competitive business field, reaching the target audience through the information superhighway has become the goal of many companies. Because many are turning to the Internet to know the latest fashion trend, news, and other information, the said innovative medium gives business firms the chance to build a strong online branding.

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Believe it or not, your business has a very powerful resource – a virtual goldmine. It may be hidden and out of sight. It might not even feature on your radar. Yet it’s so resource-rich it will add untold value to your business now, and in the future.

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Recycling, reducing, and reusing company resources should be given importance when running start up or established businesses. By doing these things, business owners can help the environment in a very significant way.

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For most sectors, 2013 could present many of the same challenges faced in the past few years. Low consumer demand, rising raw material costs and a need to tap into emerging markets are all essential for the motoring industry.

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In the 30 or so years we’ve been working as specialists alongside family businesses one thing has become clear – only one-third of them will survive the transition to the second generation. And of that one third that gets through to the second generation, only one-third will survive to the third generation. That’s not very good odds.

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Annual financial statements or accounts prepared once a year many months after your Balance Date are only really useful for working out your tax bills, yet for the majority of business owners this is the only financial information they see.

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Mistake No. 1 – Not Knowing Your True Break-Even Point. In my 30 years in the world of owner-managed businesses I see one huge mistake time and time again. This is: Not Knowing Your True Break-Point. Your true break-even point:

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Business owners who have “grown into” their business over time can often overlook some very important steps. They have been so busy building their business and working in their business, the basic business principals are sometimes never addressed.

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You live with your partner, you love your partner….but should you go into business with your partner? As long as there have been businesses there have been couples who have worked together. From ‘mum and dad’ retail businesses to high level professional service firms.

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I was talking to business minded people lately and they were discussing how its all online these days. ‘that’s the future? exclaimed the one ‘soon we won’t need shops’ replied the other, and so they went on agreeing wholeheartedly with each other that the internet had revolutionized the world and as such, the brick and mortar store was a thing of the past.

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When a problem occurs in your business what’s the first thing you try to do? Fix it! In fact, that’s such an automatic response that you often don’t sit back and think, or act, systematically.

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Over the last few years I have helped many businesses over come challenges that have threatened it’s continued existence, almost always these challenges arise, not because the business is not viable but because the business owner(s) lack the skills and/or the experience necessary to over come these challenges.

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