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Why You Need Standard Operating Procedures In Your Business
It is estimated that 20% of all businesses fail in their first year of operation. By the 5th year, that number jumps to 50%. There are many factors that go into running a successful business, but one that entrepreneurs must take note of is the importance of proper planning and execution of ideas. In other words, having standard operating procedures is a must. In this article, we will discuss the importance of having a SOP, it’s benefits, and how to create one.
Setting Strong Business Goals for Long-Term Success
A part of business planning, goals help you keep on the right track and give you additional motivation to continue working hard. While making profit is the ultimate goal for...
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