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Small Business Articles

Six Sigma Guide to Training and Certification

Six Sigma Training, developed in 1986, is a business development strategy developed by former handset giant Motorola to reach forecasted financial targets through quality management and statistical methods. Six Sigma trainees are classified with a martial arts system of the colored belts, and is one of the most widely used management strategies across various business sectors. The term Six Sigma…
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The Role of Stakeholders in Your Business

In business, a stakeholder is usually an investor in your company whose actions determine the outcome of your business decisions. Stakeholders don’t have to be equity shareholders. They can also be your employees, who have a stake in your company’s success and incentive for your products to succeed. They can be business partners, who rely on your success to keep…
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How to Succeed in Business

Our mission at BusinessDictionary.com is to help people succeed in their careers. As founder and CEO I’m frequently asked for career advice, so I thought it was worth compiling some wisdom I’ve gained over the years, things I wish I had known when I first started the company, to help you avoid mistakes I made and achieve more success in…
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How to Qualify Your Sales Leads

Whatever sales industry you work in, the first step is always going to be the same: to qualify your sales leads to determine how good of a fit they are (or not). This process requires taking the time to learn enough about them to figure out: How much of your time are they worth? Not everyone is going to be…
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The Importance of Quality Over Quantity

Quality over quantity – it’s a simple concept taught to us throughout our formative years – but it’s one that fits like a square peg in a round hole in today’s corporate environment. The reason that it’s so hard to emphasize quality over quantity is simple – businesses are established to make money as quickly as possible and at the…
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Small Business Trends for Owners to Monitor

Small business owners should remain aware of the current business trends in the market, in order to stay ahead of the curve and be ready to address rapidly changing demand. If your business fails to monitor current small business trends, then your company will be tied to archaic methods while rivals prosper from more modern and efficient methods of conducting…
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How to Become a Real Estate Agent

With a dizzying cluster of local and state property laws, the modern real estate agent has become an invaluable resource for those looking to find, evaluate and finance real estate. Often acting as a catalyst between the various parties involved, a real estate agent is required to be licensed for the state in which they operate, ensuring they’re competent as…
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Preparation Needed for Selling a Business

So you’ve decided it’s time to sell your business. You may want to retire, or you simply want to unload the company before the market turns against you. How do you go about finding someone to actually buy your business? Determine Your Business’ Valuation Before you can sell anything, you have to determine its market price. If your business is…
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