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Entrepreneurial Operating System®

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From EOS : EOS®, the Entrepreneurial Operating System, is a complete set of simple concepts and practical tools that has helped thousands of entrepreneurs get what they want from their businesses. Implementing EOS will help you and your leadership team get better at three things: Vision—getting everyone in your organization 100% on the same page with where you’re going, and how you plan to get there Traction®—instilling focus, discipline, and accountability throughout the company so that everyone executes on that vision—every day Healthy—helping your leaders become a more cohesive, functional, healthy leadership team Thousands of entrepreneurial companies around the world are running on The Entrepreneurial Operating System®. Their owners and leaders are getting more of what they want from the business, and you can too. The EOS Toolbox™ is a complete set of 20 FREE tools, addressing and strengthening all Six Key Components™ of any business. These management tools for busine

NY SBDC Biomedical Company of the Year – Topical BioMedics

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For more than 21 years Topical BioMedics has dedicated itself to helping the multitudes of people suffering with pain  achieve robust healthy living. The company’s flagship product, Topricin® Pain Relief and Healing Cream, which was introduced in 1994, is now a leading natural therapeutic brand. Topricin was developed by Lou Paradise, a decorated Marine Corps veteran who is the company’s president and chief of research, to treat his own painful case of bilateral carpal tunnel syndrome (CTS) and relieve the effects of traumatic injuries. Lou’s wife Aurora, the Chief Operating Officer, oversees the daily operations including staff management, purchasing, and inventory. The company’s warehoAuuse is populated by 17 full-time and two part-time employees. The Paradises first consulted the SBDC in the aftermath of 9/11 for help in applying for a disaster loan from SBA. Recently they’ve returned to the Mid-Hudson center to assistance with business expansion. So far,

How to Come up with Hundreds of Business Ideas

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From Bplans : For some people, coming up with ideas is as easy as spotting chewing gum on the sidewalk. For others, it’s nearly impossible. For me, new idea generation isn’t just easy, it’s something I’m doing all the time and often without trying. I do not believe this is an innate ability, but rather a “skill” that I’ve learned and practiced over the entire course of my life. While this “learning” has primarily been subconscious, as I’ve run into more and more people who struggle to come up with new ideas, I’ve made an effort to become conscious of how I do it and where I do it best. The fact that research on the subjects of creativity and innovation has become so popular certainly helps too. I fully believe that anyone who puts in enough practice and who makes a conscious effort to notice problems and identify needs, can improve their ability to come up with new ideas.

Company Research: Corporate Filings

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From Kresge Library Services Financial Reports and Disclosure Documents To obtain a better understanding of a business entity's current condition, examine the actual legal documents and financial statements filed with government agencies or regulatory organizations Note: Consult international company registers for U.S. private company information In the U.S. private companies do not have to disclose any information about their operations. However, the game changes when they are operating abroad. Some countries' legal framework might require them to be more revealing. International Every country and securities exchange has different company financial disclosure requirements. To locate filings and documents: Determine a company's country headquarters or the exchange where it trades stock Consult a country's business entity registration office, its securities regulatory commission and local stock exchange

"My best employee quit on the spot because I wouldn’t let her go to her college graduation"

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From Ask A Manager - A reader writes: I manage a team, and part of their jobs is to provide customer support over the phone. Due to a new product launch, we are expected to provide service outside of our normal hours for a time. This includes some of my team coming in on a day our office is normally closed (based on lowest seniority because no one volunteered). One employee asked to come in two hours after the start time due to her college graduation ceremony being that same day (she was taking night classes part-time in order to earn her degree). I was unable to grant her request because she was the employee with the lowest seniority and we need coverage for that day. I said that if she could find someone to replace her for those two hours, she could start later. She asked her coworkers, but no one was willing to come in on their day off. After she asked around, some people who were not scheduled for the overtime did switch shifts with other people (but not her) and voluntee

The high-tech industry, what is it and why it matters to our economic future

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From the Bureau of Labor Statistics High-tech industries are an important part of the U.S. economy, employing nearly 17 million workers in 2014. While this accounted for about 12 percent of total employment, the high-tech sector contributed almost 23 percent of output. According to a study funded by the Workforce Information Council, the high-tech sector can be defined as industries having high concentrations of workers in STEM (Science, Technology, Engineering, and Mathematics) occupations. Although the term high-tech has been notoriously difficult to define, as technology changes all the time, this analysis provides an approach to defining jobs that are in in this sector. This issue of Beyond the Numbers applies the approach used by WIC to Bureau of Labor Statistics (BLS) data on industry employment and output. It provides an overview of which industries make up the high-tech sector and analyzes historical and projected industry employment and output data from the BLS Employment

Small Business Success Story - Three Brothers Island Deli & Grocery

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Each year the New York Small Business Development Center recognizes outstanding small businesses in a variety of ways.  This Success Story from the  Staten Island SBDC  appears in our  2015 Annual Report .  Johnny, Ray and John Saylak Three Brothers Island Deli & Grocery Staten Island SBDC     Johnny, Ray and John Saylak opened Three Brothers Island Deli & Grocery in the fall of 2015. The deli offers Turkish, Greek and other Mediterranean specialty food products including unique regional teas, preserves and other packaged goods as well as traditionally grilled gyros and kebabs cooked in their kitchen. Two of the brothers, Johnny and John, are US Army veterans who continue to serve in the US military and work at the shop when their tours of duty allow; Ray owns a limousine service on Staten Island. Johnny, a 12-year army veteran, was stationed in Texas where he began creating a business plan with the assistance of the El Paso SBDC office.  That office reached out to the