This is the model of profitable revenue generation for the micro-business as well as the colossal transnational corporation. Inc. record thousands or even millions of sales transactions a day. Small contractors often receive only a few progress payments each month. Of course, ongoing sales transactions are the lifeblood of every business. Management skills are directed toward sharpening the effectiveness of purchasing, improving the efficiency of operations, shaving the costs of distribution, and employing pricing strategies to enhance revenues and margins.
Attention is focused properly upon the relentless improvement of daily operations.
Well-managed, the enterprise is expected to provide an attractive level of income and returns to its shareholders and as well as economic benefits to employees, suppliers, customers and the community. However, your biggest sale will be the eventual sale of the business itself. However, many smaller businesses overlook the implications of this ultimate sale and fail to undertake proper preparations until the disposal or divestiture is almost upon them. To many of us, confronting these questions squarely can be as troubling as writing our last will and testament. But a lot of unhappy surprises and even disasters may occur if these questions are avoided too long.