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Mel Luigs - ArticlesMel Luigs is the President and CEO of AML & Associates, a national management consulting company, which provides a "Part Time" CFO for small and medium business that want to grow and expand. He is a highly accomplished executive with a solid history of developing critical business solutions and demonstrated leadership in both small and Fortune 500 companies. He has a strong combination of operational and financial expertise in both the manufacturing, retail and franchise business areas along with a solid background building strong working relationships, growing small companies or departments, building customer oriented teams and obtaining results. His company website is www.aml-associates.com
Why Succession Planning in a Family Owned Business is Difficult ?Succession Planning in every family owned business should begin at the birth of the next generation and should never end. The values, common sense, integrity and vision taught to your children are the basis of his or her ability to take over your business and be a productive business owner. An Incentive Compensation Plan will Jump Start your BusinessAn Incentive Compensation program is the hallmark of all successful small and medium businesses, is truly a win-win for both employees and the company and ensures the future success of your business. Good employees thrive in an incentive compensation program and retention issues quickly disappear. Is The Recession Hurting Your Customer Service ?Customer service is an attitude that cannot be curtailed or discontinued in a financial downturn. Every company should take the time to review its procedures and processes to provide great customer service Use The Financial Downturn To Correct Your Business !!Small businesses should refuse to participate in the current financial downturn and use this period to make those corrections in your business to increase profitability and success when the upturn starts Communication is Key But Can be DamagingCommunication is a key to the success of all business but every company must be aware of potential liability with employee communication especially with all the electronic means available What Happened to Business Ethics and Responsibility?Responsibility and ethics are lacking during our current economic crisis and is very evident in company management and politicians advocating bailouts and bankruptcies. The Four Roles of Ownership That Cannot be DelegatedSmall and Medium business owners have four distinct roles that must be clearly understood and which cannot be delegated to anyone else if the business is to achieve success Essential Management Principles for Every Small BusinessA select few essential management principles that will aid in the sucess and growth of a small business A Company Website is No Longer an OptionAll businesses must start with a website for customer contact and communication. Success requires that every business think globally and be on the web for good customer service
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