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Watch This Video Before Starting Your Jute Bag Business Plan PDF!

Checklist for Starting a Jute Bag Business: Essential Ingredients for Success

If you are thinking about going into business, it is imperative that you watch this video first! it will take you by the hand and walk you through each and every phase of starting a business. It features all the essential aspects you must consider BEFORE you start a Jute Bag business. This will allow you to predict problems before they happen and keep you from losing your shirt on dog business ideas. Ignore it at your own peril!

For more insightful videos visit our Small Business and Management Skills YouTube Chanel.

Here’s Your Free Jute Bag Business Plan DOC

This is a high quality, full blown business plan template complete with detailed instructions and all related spreadsheets. You can download it to your PC and easily prepare a professional business plan for your Jute Bag business.
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Free Book for You: How to Start a Business from Scratch (PDF)

A Step by Step Guide to Starting a Small Business
This is a practical manual in a PDF format, that will walk you step by step through all the essential phases of starting your Jute Bag business. The book is packed with guides, worksheets and checklists. These strategies are absolutely crucial to your business' success yet are simple and easy to apply.

Copy the following link to your browser and save the file to your PC:

https://www.bizmove.com/free-pdf-download/how-to-start-a-business.pdf

Managerial Decision Making Techniques in Business

Most of us have never been taught to make wise decisions in our work or personal lives. Could you benefit from using a system that combines logical thinking with intuition? Ask yourself these empowering questions adapted from Dr. Spencer Johnson's book: YES or NO.

1. What do I really need from this decision?

Distinguish between a want which is a WISH and a NEED which is a necessity. You may want a luxurious home, but may need a peaceful haven. You may want to buy a variety of inexpensive shoes, but you may need good quality Ferragamos to keep your feet from hurting. Successful people get their true needs met. When we pursue what we think we want, we feel empty even after we have it. Be sure to focus clearly on what will actually fulfill your needs and avoid being distracted by everything else.

2. What are my options?

Asking this question puts you in a resourceful state to allow yourself to find effective solutions. Be open to having new thoughts flow into your consciousness. If you hear yourself saying: I have no options..., recognize that you are simply not aware of them right now. Inform yourself of options by gathering information, talking with others of working with a coach. A good example about the importance of getting information before making a decision is the classic story about Henry Ford. He took three regional managers to dinner and afterwards decided which one to select to be his national manager. When the successful candidate later asked Ford why he had been chosen, he replied: All of you were successful at selling, but you were the only one who tasted his food before salting it. I like a person who gets information before making a decision. What opportunities have you missed by not first getting the information needed before reaching a decision?

3. Take each option and ask: Then what would probably happen?

Use your logical mind to narrow down your options to two or three. Then, use your imagination to focus in great detail on what would happen it you acted upon this choice. See what unfolds and feel the consequences as if you have already experienced this decision. Take it well into the future by asking: then what?...at least two more times

4. Have I thought it through completely?

Take time to be aware of the worst case/best case scenarios and what you would do in either case. How would that be for you? The result of even one decision has a domino effect on ourselves and others. Our lives are shaped by our decisions every day.

5. What does my decision reveal about my beliefs?

It's been said that we are what we believe. Your core beliefs form your self-image--your identity. They define how you feel about yourself and influence your decisions through your subconscious. Beliefs are largely choices we've make long ago and have forgotten. Your decisions mirror your personal thoughts and feelings; they reveal (to yourself and others) how you really view yourself and the world. By looking at the pattern of your past decisions you can identify limiting beliefs that are getting in the way of your wise decision-making. If you are not able to see your own truth, ask what they see or get a coach to help.

6. How does this decision fit my purpose or personal mission?

If you have declared to live your life from a place of integrity, for example, ask yourself: Does this decision I'm about to make cause me to make a deposit in my personal integrity account? Check for congruence between what you say you believe and what you actually do. Being clear about who you are and what you stand for allows you to make better decisions.

7. Am I trusting my intuition?

Your intuition is your personal guide to help you sense what is right for you. To access it, determine how you feel about the decision. For most people, the best way to do this is to sit quietly, close your eyes and go within. Open to your body's wisdom. Do you feel calm or anxious? If you feel stressed or confused as a result of focusing on this decision, it's your inner wisdom letting you know this is probably not right for you now. On the other hand, if you feel lighter, peaceful or inspired, this is your validation to proceed. Think back to a time you made a successful decision and remember how that felt. Let your intuition be your teacher.

8. Am I setting my ego aside and listening to my Higher Power?

By accessing your intuition, you have learned what is inside of you; now for further guidance, especially for critical decisions, you need to go beyond yourself to make sure your ego isn't interfering. This step is a very private and personal one and you must decide for yourself how best to do this. Some people pray, meditate or commune with nature. I ask my Higher Power for guidance and then keep still to listen what comes to me.

9. Do I really expect a positive outcome?

Often we unwittingly sabotage our own success. We do this with positive intent to protect ourselves from fear, pain or disappointment should it not turn out. We know now that our dominant thoughts influence with events we experience and that it is better to act AS IF the desired outcome is already assured. The key word here is expect, not want. You may want to win the lottery, but you may not expect to be a multi-million dollar winner.

10. What would I do if I deserved better?

Some undermine their efforts due to a hidden belief that they don't deserve more. To see if this is true for you, look at your life. Do you find that you stop at a certain level of success? Do you have an internal thermostat that causes you to cool down whenever you go beyond your comfort zone? Most of us resist this idea that we don't let ourselves have anymore than we really believe we deserve. If you believe in your decision, then act on it!

 

 

Predict Your Future. Do not use a crystal ball to create forecasts of your business. By carefully assessing the historic trends of
your business enterprise, as shown in your records for the previous five decades, you can forecast for the year ahead. Your
listing of sales, your expertise with the markets in which you market, and your general understanding of the economy ought to
allow you to forecast a revenue figure for the following calendar year.

When You've Got a Sales prediction figure, make up a budget demonstrating your prices as a proportion of the figure. In the
following year, you can compare real P&L amounts for your budgeted figures. Thus, your financial plan is an important tool for
determining the health of your enterprise.

Make Timely Decisions. Without actions, predictions and conclusions concerning the future are not worth the paper they are written
on. A decision that does not lead to action is a bad one. The pace of business demands timely as well as informed decision making.
In case the owner-manager would be to remain ahead of competition, you must move to control your destiny.

Powerful Decision making in the small business requires a number of things. The owner-manager must have as much accurate
information as you can. With these details, you need to determine the consequences of all feasible courses of actions and the time
demands. When you've made the decision, you have set up your company so that the decisions you make can be transmitted into
action.

Control Your Business. To be effective, the owner-manager must have the ability to motivate key people to acquire the outcomes
intended for within the cost and time constraints allowed. In working to attain results, the small business owner-manager has an
edge over large business. You can be flexible and fast while many large firms must await committee action before a decision is
made. You don't need to get permission to behave. And equally important, bottlenecks to implementing new methods can get your own
personal attention.

One of the Secrets is in deciding what items to restrain. Even in a small company, the owner-manager shouldn't attempt and be all
things to everybody. You ought to keep close control on people, products, money, and some other tools that you consider
significant to keeping your operation pointed toward profit.

Handle Your Folks. Most businesses find that their biggest expense is labor. Yet because of the close contact with employees, a
few owner-manager of small businesses don't pay enough attention to direct and indirect labor costs. They tend to consider those
prices concerning people rather than relate them to gain in terms of dollars and cents.

Listed below are a few Tips concerning personnel management:

Gradually Review each position in your business. Take a glimpse at the job. Is work being duplicated? Is it organized so that it
motivates the worker to become concerned? Can the tasks be given to another employee or employees and a position eliminated? Can a
part-time person fill the occupation.

Perform A modest private mental game. Imagine you have to eliminate one worker, If you needed to let 1 person go, who'd it be? How
can you realign the tasks to make out? You may get a real solution to the imaginary problem is possible to your financial
advantage.

Usage Compensation as a tool rather than viewing it as a essential evil. Reward Superior work. Investigate the possibility of
using increases and bonuses as incentives for greater productivity. By way of example, can you schedule bonuses as morale boosters
during seasonal slacks or alternative dull periods?

Recall That there are new ways of controlling absenteeism through incentive compensation plans. For instance, the owner-manager of
one small company eliminated vacations and sick leave. Rather, this owner-manager gave every employee thirty days annual leave to
use as the employee saw fit. In the conclusion of the year, the workers were paid at regular rates for the leave that they didn't
use. To make up for the year-end pay, the worker had to establish that sick leave was shot only for this purpose. Non-sick leave
had to be applied for in advance. As a result, unscheduled absences and overtime pay have been decreased significantly.
Additionally, workers were happier and more effective than they were under the older system.

Control Your Inventory. Do not tie up all of your money in stock. Utilize a perpetual inventory system for a cost control as
opposed to a system only for tax purposes. Establish use patterns or buy patterns on the materials or items you have to stock to
keep the minimum number required to provide your clients or to maintain production. Excessive inventory, while it is finished
product or raw materials, ties up funds that may be used to better advantage, for example, to open a new sales territory or to buy
new machinery.

Centralize your Buys and avoid duplications. Be a comparative shopper. Confirm orders in writing. Get the price and amount
straight right away.

Check what you Get for condition and quality. Check bills from suppliers against quotes. You do not want to be the victim of the
mistake.

You Ought to, However, keep one fact in mind when you set up your stock control system. Do not spend more on the management system
than it can return in savings.

Control Your Products. From charge of stock to control of products is but a step. Make sure that your sales people understand the
value of promoting the products which are the most profitable. Align your service coverages with your own markup in mind. Arrange
your products that low markup items need the least handling.

Control Your Cash. It's good policy to handle cash and checks as though they were perishable commodities. They are. Money in your
protected earns no recurrence; also it Can be stolen. Bank promptly.

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