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Components for Successfully Designing Your Organization

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There comes a time in the lifespan of every organization when the price to stay the same outweighs the price to change; when the old ways of working are no longer sufficient or get in the way of growth. It is at this time that organizations, no matter their size, must examine the best organizational design for continued success. Moving from startup to established business, pursuing new markets, or assimilating a newly acquired company all represent an opportunity and a challenge for leaders. When organization design is mentioned to many leaders, minds quickly jump to the organization chart -- the “boxes and wires” of an organization. While this is one of the more tangible, visible parts of organization design, the process is about so much more than moving lines on paper, as simply changing reporting relationships rarely has a lasting impact on the way a company functions. In fact, you should leave the organization chart until the end of the design process.
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Important things you need to be aware of when starting a manufacturing company.

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1. Start with an idea-: The first thing you need is an idea. What is that thing you want to start manufacturing? It is important to come up with innovative ideas and not just a copycat kind of manufacturing business. I mean, you can copy but it has to be a better version of what already exists. Some of the ways to come up with innovative ideas include-: Choose a niche you like-: There might be a product you are passionate about; this is a good place to start from. High demand products -: There are certainly some products whose demand exceeds supply or products that typically have high levels of demand; you can look into any of these products . Fill a gap-: You could also look for existing gaps in the market that you can fill. For instance, if you live in a place where getting clean, portable drinking water is a problem, you can consider production of packaged water to fill this gap.
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Profitable Business Ideas in the Manufacturing Industry

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Are you interested in starting a manufacturing company? Do you want to learn what it takes to run a manufacturing company? If YES, here are 50 profitable small scale manufacturing business ideas you can start with little money and no experience. One of the major vehicles that drive the economy of any nation is the manufacturing industry. Countries that are considered to be industrialized, advanced and economically buoyant are countries with vibrant and active manufacturing sector. No doubt the manufacturing industry is indeed an industry that is wide and all – encompassing – simply because manufacturing is all about producing goods, equipment, chemicals, machines, et al.
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How Can I Tell If There Will Be Strong Demand for My Product?

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How can I test my idea to ensure that I'm entering a profitable, or at least healthy, market? I would like to understand the steps involved and when I can be sure my product is ready to enter the market? There are two parts to this question.  A) How big/healthy is the market you are trying to enter (or, what is your primary demand)? And,   B) is there an opportunity within that market for your product (what is your secondary demand)?
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Ways Entrepreneurs Can Invest in Themselves

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Startup entrepreneurs often go it alone or almost alone, serving every function in their new companies. They are the idea people, the passionate leaders, the team builders, engineers, marketing experts, logistics officers, bookkeepers and strategists all in one.   The reality is that often this phase is necessary. That means that one of the most challenging things for the startup-minded to do is to keep investing, keep building their own personal skills and abilities. Time and focus-wise, it’s a monumental challenge. Most entrepreneurs skip the personal investments because those investments seem disconnected from their businesses and products. If an entrepreneur has an extra hour, for example, many prefer to invest in their company over investing in themselves.
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Your Employees are Stressed Out About Their Financial Futures, Study Says

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A vast majority of American workers are worried about their financial future, according to a new study by Bank of America Merrill Lynch. The latest Workplace Benefits Report has revealed that American workers’ stress about their finances has increased, while confidence in their financial futures has decreased. Specifically, three in five employees today feel stressed about their financial futures, up from 50 percent in 2013. For the study, Bank of America Merrill Lynch conducted a nationwide survey of more than 1,200 employees with 401(k) plans at companies of all sizes. Key Takeaways Some of the key findings of the study about employee financial stress include the following: More than half (55 percent) admit to needing help managing their finances, including saving for retirement and managing debt.
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Things You Are Doing Wrong With Email

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Email continues to be our primary means of communicating, both personally and professionally. Because of this, it needs to be an important consideration as part of our personal brand, reflecting in every email we send who we are and how we want to be seen. Unfortunately, we seem to be getting worse rather than better when it comes to email etiquette. Each day, over 200 billion emails are sent and received around the globe, and U.S. workers spend an average of 6.3 hours on email daily. Add to this the constant flow of information and content from countless other sources, and it is easy to understand how we might be suffering from email fatigue and getting lazy.  With that said, here are a few common email mistakes you can avoid. Including vague subject descriptions:  We all look to the "sender" first when deciding whether to open an email, then to the "subject" line. Clearly describe the purpose of your email so that if you aren’t cool enough to pa
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Marketing Principles to Dominate Your Target Market

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If marketing is critical to the success of any business -- and believe me, it is -- how do we reconcile that with the reality that few business leaders actually understand marketing and give it the focus it deserves? I think I've figured out the answer. While selling is relatively straightforward and intuitive, marketing is not. Marketing is complex and nuanced. That’s why it mystifies so many, and yet it’s absolutely critical to business success. That’s why the four principles I’m about to put forth are important. Principle 1: In competitive markets, it's winner take all. While markets tend to grow and shrink over time, at any point in time, markets are static, and so is market share. Those near the top enjoy higher margins, pricing power, and more money for employees, perks, and future development. Those near the bottom will soon be goners. And it’s a tough slog for everyone else.
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