Business Resource Library

Operations

The ins and outs of operating a business in BC!

Building a Winning Employee Team

Do you believe in employees working together as a team?  Do you want your employees to take the initiative when problems arise at the work site?  It would be hard to find an employer who would answer "no" to any of these questions. Now, let's look at what is actually happening.

10/07/2013
How Much is Your Time Worth?

If time is money, how much is yours truly worth? If you charge less than your competition, potential customers might question the quality of your services. On the other hand, if you charge more, they might be frightened away. Somehow, you need to find a safe middle ground -- a reasonable price that attracts customers, while still providing you with a moderate profit.

10/07/2013
Employees or Independent Contractors?

One of the questions that business operators frequently ask is: “Should I hire this person as an employee or an independent contractor?”  With the high cost of employee benefits, complicated payroll rules, and changes to the Employment Standards Act, there are many factors for small business owners to consider when faced with hiring decisions.

10/07/2013
Should You Fire Your Spouse?

Taken from our September 2009 eNewsletter, this article written by Ken MacLeod examines:

Should couples work together in business?  Working and living together could create conflicts which impact the relationship and potentially the company’s profits, not to mention the added stress it could bring to any staff involved in the crossfire.  Staff needs have to be considered.

10/07/2013
Staff Morale in an Economic Downturn

Taken from our May 2009 eNewsletter, this article written by Ken MacLeod answers the question:

Dear Business Advisor,  With challenges in our market and the economic doom and gloom, we have laid off a few staff and resized our company to align with the current business. As a result and despite our best efforts, staff morale has dropped, which is reflected in production and interaction with management and customers. Can you make any suggestions?

10/07/2013
Inventory Management in Manufacturing

The primary concern of inventory management in manufacturing is to maintain raw material and finished goods inventories at levels that are not too low as to result in lost sales or costly production delays or too high as to tie up capital and space.

The marketing success of your business depends upon your ability to provide your customer with the rightgoods at the right place at the right time. The right goods are those that your customer desires; the right place is in your inventory, and the right time is immediately.  Failure to have the right goods in the right place at the right time can often lead to lost sales and profits and, even worse, to lost customers.

10/07/2013
Inventory Management in Wholesale and Retail

In many retail and wholesale operations, the single largest asset is inventory. Control of this investment is vital. It will eliminate a number of the problems associated with capital shortages and will also provide capital to permit expansion of operations for increased sales and profit.

The marketing success of your business depends upon your ability to provide your customer with the rightgoods at the rightplace at the righttime. The right goods are those that your customer desires; the right place is in your inventory, and the right time is immediately.  Failure to have the right goods in the right place at the right time can often lead to lost sales and profits and, even worse, to lost customers.

10/07/2013
When and How to Use Non-Disclosure Agreements

Many businesses often need to reveal some of their confidential information to new employees, independent contractors, venture capitalists or bankers. But they want to make sure the information stays relatively secret. This article explains how non-disclosure agreements allow confidential information to be revealed without fear.

10/07/2013
Sample Non-Disclosure Agreement

10/07/2013
Smart Tech

Find out how technology can help your business!  Information and communications technology can make your business more efficient, productive and competitive. That’s true today, and it will be even more important in the future. This tool examines such topics as website strategy, improving your productivity, and it includes FREE assessments of your website!

10/07/2013