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Archive for November, 2009

26 November
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Managing Work Crews at Home

Most work crews are completing physically demanding work and require comfortable temperatures to work in, if it can be provided. With mutual respect and clear expectations between homeowners and workers, both can leave the project feeling satisfied.

Some home repairs can’t be tackled by even the most talented do-it-yourself homeowner. For such occasions, it may be necessary to hire an outside source. There are a few things to look for when hiring workers who will come into your home which indicate whether their stay will be a pleasant experience or, more likely, a messy headache.

It’s always a nice gesture if workers entering your home put on shoe coverings. Particularly if you have carpeting in your home, shoe coverings keep mud and dirt off the floor. Generally resembling paper boots, the covers slip over existing shoes. Taking shoes off at the door also works to avoid tracking in dirt.

When it’s time to get working, crews indicate respect for the home and its contents when they prepare the travel path in the home sufficiently. From the entry, through the home, to the location of work to be done, the floor needs to be protected from tools, machinery, and foot traffic.

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04 November
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What Is a business plan review ?

Business plan review is a detailed survey of a business plan prior to submission to a venture capital firm, bank, commercial lender or private investor. Usually a business plan is targeted at a specific audience, such as potential equity investors. In this case, business planning must include the large profit potential of the company as well as the risks involved for the investors. If the reason for preparing the business plan is to facillitate more efficient operation in the company, then only a small portion of background information is needed. The main focus should be on the more specific aspects of operations.

Business planning can also be used to compare your company to other competitors in the market place and mold your business according to this information. It is important to differentiate your business from the rest of the marketplace and business planning can be a vital resource in this endeavor.

One of the most important things to keep in mind while preparing a business plan is to keep your forecasts conservative. It is very easy to overestimate future revenues and underestimate costs associated with doing business. In business planning, staying conservative in estimations will give your business some cushion if unforseen problems should arise.

Another thing to consider in the planning stage is how your business is going to get funded. We have categorized the investing criteria of over 4000 different lenders. Simply run a capital search of our lender directory to be matched with a funding source. You will only be matched with lenders whose criteria you meet 100% so you will not have to waste your time with lenders whom you cannot qualify with.

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03 November
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Is Risk Management Part of Performance Management?

A popular acronym is GRC — for governance, risk, and compliance. One can consider governance (G) as the stewardship of executives to behave in a responsible way, such as providing a safe work environment or formulating an effective strategy, and consider compliance (C) as operating under laws and regulations. Risk management (R), the third element of GRC, is the element more associated with enterprise performance management.

Governance and compliance awareness from government legislation such as Sarbanes-Oxley and Basel II is clearly on the minds of all executives. Accountability and responsibility can no longer be evaded. If executives err on compliance, they can go to jail. As a result, internal audit controls have been beefed up.

The “R” in GRC has characteristics similar to those of performance management. The foundations for both risk management and performance management share two beliefs:

1. The less uncertainty there is about the future, the better.

2. If you cannot measure it, you cannot manage it. If you cannot mange it, you cannot improve it.

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