Layoffs

The Vital Few

Back in the 19th century, an Italian economist quantified the general relationship between a minority of producers and a majority of output. Sound familiar? The simplified version of Vilfredo Pareto's ratio, known as the 80/20 rule or the Pareto Principle, says that in most cases, 80% of production comes from 20% of producers. Quality guru J.M. Juran referred to Pareto's principle as "The Vital Few and the Trivial Many". If you are running a company, the 80/20 rule has po...

Good Experiences Come Back 10 Fold

How many times have you needed to call for a service such as carpet cleaning? Mechanic service? How about a more serious issue such as a flood service? Did you find that looking through the phone book just doesn’t give enough info and searching online pops up to many unreliable, irrelevant leads? Either way, I personally find it hard at times to find quality, fast reliable service. For instance, I thought word of mouth was the best way to get what I am looking for. So...

Top Tips For Setting Up A Beauty Salon

Setting up a beauty salon business is often the first brave step in the business world for many would-be entrepreneurs. Below we look at some basic top tips for setting up a beauty salon which should see you on your way. Setting up your own business is often a difficult decision. In fact, many people leave the relative comfort of a good job with a steady income when they decide to launch out alone. So why do they do it? Simply put, hair and beauty salons are big business. ...

What to Sell on Online Auctions

Let's consider a couple of variants. If you are an independent manufacturer, the choice of products is not a problem as you sell what you produce. Nevertheless, as a rule, you are not (well, actually you may sell some DIY stuff, but this is not the case of real trading via eBay, put selling single items and we are not interested in such sales).
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