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Added for You - SWOT Analysis
Attendance and Punctuality Cost Companies Big MoneyIf you have ever simply watched people at work you will find that many often come in late or miss work entirely for days on end. We may be able to draw a connection in our reasoning that says all these people showing up 10 minutes late can add up to lots of lost revenue for the company. The problem is how to control attendance issues and still treat everyone fairly?A CCH study on unexcused absenteeism indicates that 83% of employers feel that unexcused absenteeism will continue to rise. The problem is that absenteeism costs have been growing which now range around $800 per employee per year. It doesn’t seem like much but when this cost is multi age, pricing power, size, market share, financial position (balance sheet strength), etc. Here are some strengths to look for: - The size of the company relative to others in the industry
- Balance Sheet strength
- Cash flows
- Perception of the company’s products
- Per
7 Ways to Have a Love Affair with Your BusinessAs with all relationships, sometimes we have to make a little effort to reignite the flame. Your relationship with your business is no different.Loving your business has numerous advantages. First, you enjoy the long hours that are sometimes required to make it grow and prosper. Second, you get to do something everyday that feeds your soul and brings you happiness. Third, how you feel about your business is transparent. When you love your business others notice and you are more likely to attract people to work for you, hire you, or buy from you.Here are some ideas to get you started on falling and staying in love with your work:If you’ve ever listened to Warren Buffett talk about investing, you’ve heard him mention the idea of a company’s moat. The moat is a simple way of describing a company’s competitive advantage. A strong competitive advantage, or a wide moat, gives a company sustainability, which, as investors, we’re highly interested in. In this article, we review a popular tool for evaluating competitive advantage, called SWOT analysis. SWOT analysis should be done on every company we’re thinking of making an investment in. SWOT stands for: Strengths Weaknesses
Opportunities
Threats
Analyzing these four factors will help you make better investment decisions. It’s a brainstorming exercise, so take your time. A good SWOT analysis takes effort, but the more you put into SWOT analysis the better you will understand the company. Let’s look at each factor in turn. Strengths First, we look at the company’s strengths. What does the company do well? What makes it better than others? What does the company have, or do, that sets it apart from its competition? These are important questions, and should include aspects of the company that made you consider it for investment in the first place. Look at branding, image, pricing power, size, market share, financial position (balance sheet strength), etc. Here are some strengths to look for: - The size of the company relative to others in the industry
- Balance Sheet strength
- Cash flows
- Perception of the company’s products
- Perc
Warning: The Dangerous Mindset That May Hinder Your CareerKeen to advance within your career? Then you're probably aware that there are a plethora of programs and courses that promise to help you with your career development. Well, I'm the first to suggest that you closely evaluate the cost-benefit of any such offerings... but, in general, I do think investing in your education is important.Taking courses or enrolling in college programs notwithstanding, I sincerely think that continuing your informal education should be a core part of your personal career development. That means reading books, newsletters, journals and other publications, attending seminars and workshops, participating in mastermind In this article, we review a popular tool for evaluating competitive advantage, called SWOT analysis. SWOT analysis should be done on every company we’re thinking of making an investment in. SWOT stands for: Strengths Weaknesses
Opportunities
Threats
Analyzing these four factors will help you make better investment decisions. It’s a brainstorming exercise, so take your time. A good SWOT analysis takes effort, but the more you put into SWOT analysis the better you will understand the company. Let’s look at each factor in turn. Strengths First, we look at the company’s strengths. What does the company do well? What makes it better than others? What does the company have, or do, that sets it apart from its competition? These are important questions, and should include aspects of the company that made you consider it for investment in the first place. Look at branding, image, pricing power, size, market share, financial position (balance sheet strength), etc. Here are some strengths to look for: - The size of the company relative to others in the industry
- Balance Sheet strength
- Cash flows
- Perception of the company’s products
- Per
Toxic Employers: You've Got to Know When to RunThe buzzing of the alarm clock rudely awakens you to the reality of another Monday morning and the beginning of another work week. As the ugly thoughts of what you face at work race through your mind, you think to yourself how you don’t—no can’t, go into work again. You wonder whether you should call in sick, but realize that you can’t do that again as you’ve already done it too many times. You have to go in, but you can’t face that place again.What would cause someone to feel this way? What could be so bad? Is it because he is irresponsible? After all, his employer pays him for his services. Is she just plain lazy or disloyal? Shouldn’t an emp >Analyzing these four factors will help you make better investment decisions. It’s a brainstorming exercise, so take your time. A good SWOT analysis takes effort, but the more you put into SWOT analysis the better you will understand the company. Let’s look at each factor in turn.Strengths First, we look at the company’s strengths. What does the company do well? What makes it better than others? What does the company have, or do, that sets it apart from its competition? These are important questions, and should include aspects of the company that made you consider it for investment in the first place. Look at branding, image, pricing power, size, market share, financial position (balance sheet strength), etc. Here are some strengths to look for: - The size of the company relative to others in the industry
- Balance Sheet strength
- Cash flows
- Perception of the company’s products
- Per
Put Away The PowerpointDo you ever find yourself making a “BIG” presentation to a group of prospects? This is the kind of presentation that is just begging for some flashy PowerPoint presentation. Watch out or you could make one of two fatal sales mistake.Mistake One: You don't understand the agendas and needs of everyone present. This is because you may not have had contact with all the attendees prior to the presentation meeting. If prior to your presentation, you only talked to one or some of those present to gather your information, you won't understand the full picture. You won't know the agendas or motivations of all present.To prevent this from happenin company’s strengths. What does the company do well? What makes it better than others? What does the company have, or do, that sets it apart from its competition?These are important questions, and should include aspects of the company that made you consider it for investment in the first place. Look at branding, image, pricing power, size, market share, financial position (balance sheet strength), etc. Here are some strengths to look for: - The size of the company relative to others in the industry
- Balance Sheet strength
- Cash flows
- Perception of the company’s products
- Per
Employment Background ScreeningAn employee background check can include a number of verifications such as the applicant's educational background, previous employment, social security number, credit history, criminal history, drug history, and medical history.All these checks are to ensure the employer or the company that the candidate is indeed trustworthy and would not create any problems with the other employees or company records or in general with the company in the future.An employee background screening might involve some basic information such as educational qualifications, date of birth, previous employers and the references provided. However, some background age, pricing power, size, market share, financial position (balance sheet strength), etc.Here are some strengths to look for: - The size of the company relative to others in the industry
- Balance Sheet strength
- Cash flows
- Perception of the company’s products
- Perception of the company’s brand(s)
- What advantages the company has over its competitors
- In general, what does the company do well?
Weaknesses Now that you’ve determined how wonderful the company is, it’s time to look for the weaknesses. The same questions should be asked when looking for weaknesses. What does the company do poorly, or not so well? What are other companies doing better? What is keeping the company from greater success. It’s important that you don’t gloss over this section. SWOT analysis is a brainstorming effort, so don’t discount anything that comes to mind. If you perceive a weakness, list it. The weakness you fail to list today could be why your investment turns out poorly next year. Some weaknesses to look for: - Deteriorating balance sheet
- Poor perception of company’s brand(s) and/or products
- Advantages other company’s have?
- Lack of management or other employee talent
- In general, what does the company do poorly?
Opportunities We shift our focus to external factors when we look at opportunities. Here we try to identify areas of business we think the company is looking to enter, or should be looking to enter. We also look for
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