Managing the job performance
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Once a new employee has begun their new employment and received their basic induction they should possess knowledge and understanding necessary to perform their job role.
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WLP is a UK business consultancy service that has enjoyed over 25 successful years of helping business grow.
Business Development
Why Should I Use a Business Adviser/Mentor?
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Would your company consider using external business support or advice? A large proportion of SME’s would say no before even looking into the idea, despite the fact it could be the better option. Here’s a quick example… I have just returned from a client in Norfolk. They were experiencing problems with their reception team, such as
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Finding the right legal resources
Ensure a successful consultancy project – 10 things your consultant should do
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It is important that Behavioral or Behavioural characteristics of a consultant organisations are correct to achieve success for clients. Knowledge, good knowledge of the issues and the client’s business and keeping it jargon free are important..
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How big should your company be?
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As companies grow and employ more staff, the dynamics change. Everything is different when there are 25 employees as opposed to 6. In the dot com era, the fast growing companies that were spinouts from large companies really enjoyed their freedom to act. Then, as they grew, they found the maximum number of employees they
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Take Time to Take Stock
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Take time to take stock.
There are many symptoms of a stock management process which is operating below par. Common ones include:
Wasted labour searching for parts not located where they should be
Inventory which has been gathering dust for several years and is consuming valuable space
Accounting headaches as computerised records bear no resemblance to reality
A backlog of unprocessed goods-in receipts
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Expanding Stock & Space and Parkinson’s Law
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There is a corollary to Parkinson’s Law… It is, ‘the stock expands to fill the space available’. There is a danger if you have access to funds and plenty of space to fill them with stock. This is fine if there is no other suitable investment for your cash and you are sure it will
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Using Benford’s Law to Detect Accounting Irregularities or Fraud
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Benford’s Law – first stated in 1938 by the physicist Frank Benford – is extremely useful for detecting anomalies in tabulated data. According to Benford’s Law, the leading significant digit in many naturally occurring collections of numbers – especially numbers which consist of several digits – will almost certainly be small. With that in mind,
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Company Debts – What should you pay off first?
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It’s a great moment in any company’s story when the business has started to generate enough cash to start reducing your debt. It’s also a pivotal moment because the steps you take next could be crucial in the continued success of your firm. So how do you navigate the tricky terrain of debt repayment when
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What is Franchising?
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Franchising is where you license another company to be your presence in another geographical region. There are a range of household names that are run as franchise businesses – McDonalds, Burger King, MR. Barbers, Snap-on tools and many more. It is very different from having a 3rd party manufacture for you, or having an agent
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