Monday, 21 March 2016

Collegiettes' Real-Life OMG Love Moments


We can all dream that perhaps one day he’ll show up with a bouquet of flowers for no reason, he’ll find some clever and unexpected way to remind us that he loves us, or he’ll do just the right thing to cheer us up after a crappy day. There are endless amounts of things that boys and boyfriends can do to seriously blow us away, but all too often, they miss the opportunity to do so, thanks to whatever sports game is currently on TV or whichever friend he desperately needs to beat in cyber-land-video-game-world. Well, while some boys waste away on the couch, there seems to be some number of guys that has been taking good notes. Lucky collegiate have shared their guys’ most romantic gestures with Her Campus, making OMG-love-moments come to life.

Know your business by knowing your:

1. Offering 
How do your products and services differ from those of the competition – to determine this take into account price, quality, appearance, packaging, size, servicing, operating characteristics, and business considerations (e.g. business location and facility, reputation, methods of selling, opening hours, delivery times, credit terms, advertising and promotion, etc? How could your offering be re branded or differentiated from the competition? What plans are in place to develop, expand, or improve your offering? Any Plans to outsource/offshore?

2. Operating Capacity 
What level of production could be sustained? How would an increase in Production be serviced? If new productive/operating assets are required, how will these be financed? Any obsolete assets that need replacement? Are the productive assets being fully utilized? Are premises in conformity with fire, health, and safety regulations? Are premises sufficient for present needs and could future growth be supported?

3. Human Resources
 Is the management structure in place sufficient? Is there a Succession Plan? Staff Turnover – is there cause for concern, and if yes how could this be checked? Are there Key Staff, and what plans are in place if they retire? What backup arrangements are in place in the event of employee absenteeism? Is employees and public liability Insurance in place?

4. Customers 
Who are your customers? What do they do? Why, when, and how do they buy your offering? What is their financial worth? What makes them feel good about buying your offering? What do they expect of you and your offering and what is their perception about you and your offering and about the competition and the competition’s offering? With respect to credit sales, is Debtor Turnover Increasing, and if so, is this because of increase in sales, deficient monitoring, or maybe because of Bad Debts? Do you assess a customer’s credit worthiness?

5. Competition 
Who are your competitors? What are their strengths and weaknesses? What is known about potential competition? How is the competition monitored to know what it is doing and what it intends to do? What Plans are in place to thwart off the competition, and possibly win market share?