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Strategies & Market Trends : Tang's school of business management for serious investors

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From: Arthur Tang	7/22/2007 6:16:16 AM
	of 57

When I run a company, I am never ashamed to find free consultants to trigger my knowledge and experience. I am the expert in our company technology and knows the help(organizational strength). But I can forget to do the routines. The first and easiest consultant is your accountant. Right away, you can see the extra spendings you can save, to make more profit. Then you streamline your workflow in your QA travelling sheets(business forms), to reduce the number of steps(reduce head counts to increase productivity). Its very easy to talk to business school professors, and get the marketing advices, but you often need industrial designer consultants to make your products more appealing like the Apple products. Advertizing is so important, and there are people in that business to show you where the smallest dollars can do the most profit to reach potential customers. The time you spend with different consultants keeps you on your toes. You will do your yearly restructuring to change your products and services, your organization with new technology employees, and cash management to the penny. Accrued financing is much harder to predict profits immediately, unless you have realtime profit and loss statement on the fly. So, a case study of any company will right away develop a quicky business plan, and within months, the company can be turned around. Keeping it turned around, however, takes much efforts to change bad habits of neglect and greed of the CEO.

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