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Session 2: Getting your team in place

Session Quiz

  1. It is a better idea to compensate managers based on sales growth rather than on earnings.
    2.

  2. Most good managers prefer to be paid their incentive compensation based on overall company earnings rather than their individual efforts.

  3. When a manager's profit center is successful in reducing costs, the manager's bonus is:

  4. Operating manuals become key building blocks of growth

  5. Face-to-face contact with your customers can be digitalized on the Internet.

  6. Which of the following people would be good candidates for a standing advisory board:

  7. Sometimes a risk is so attractive that it is worth taking, even though it could jeopardize your cash liquidity.

  8. A board of advisors should be only called upon in emergency situations.

  9. The best source of training for a new office worker is a co-worker doing the same or similar job.

  10. It is not a good idea to take along governing manuals to management meetings.

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spacer Deciding on a business | The business plan | Home based businesses | Financing the business | Business organization | Licenses and permits | Business insurance | Communication tools | Buying a business or franchise | Location and leasing | Accounting and cash flow | E-Commerce | Opening and marketing | Managing employees | Expanding and handling problems

Getting financial controls in place | Getting your team in place | Customer feedback | Achieving lowest expenses | Develop negotiating skills | Alternatives for capital allocation | E-commerce | Growth by duplication | Vertical integration | Franchising your business | Global expansion | Buying businesses | Public ownership | Selling your business | Considerations for family succession

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