The art of critical thinking

Entrepreneurs need to make decisions, create strategies, plan projects and constantly face risks in order to manage day-to-day business challenges. In a global business environment, alertness and the right pace is the key to success. Critical thinking is the most important skill needed by entrepreneurs that can help them move ahead consistently and diligently. The fundamental…

5 key elements of an ideal business plan

Business plans are the most important starting points for any new venture or start-up. This document acts as a formal statement that defines your business goals and the plan to reach those goals. Ideally, it should also contain background information about the team that is attempting to reach those goals. A well written business plan…

Do Business Goals Undergo Transitions?

Transitions are a must. Any organization which fails to change with the changing environment fails to succeed. Does this mean the Business goals are also changing. The TRUTH is, YES! Why should business goals change ? There are changes that keep happening in all major fronts, and the key factors which FORCE change are: 1….

Top 5 online business directories of Canada

A professional online presence has become the most important elements of any business. Smart devices and location-based applications have brought customers closer to their local businesses. Over 15 million Canadians use their smart device to access information on local businesses every day. So it is crucial that local businesses take advantage of this opportunity of…

Dilbert – comparing mission statements to broccoli soup

In the year 1989, Scott Adams, an MBA from the University of California, Berkeley, introduced “Dilbert” an American comic strip. The comic strip has become the most popular management and office humor character in history of corporate culture. The series came to international prominence through the downsizing period in 1990s. A former worker in various…

Is your Corporation Socially Responsible?

In the past few years, great emphasis has been given to the concept of Corporate Social Responsibility, precisely defined in terms of the responsiveness of businesses to stakeholders’ legal, ethical, social, economical and environmental expectations. Over the last decade, there have been number of companies worldwide that have started promoting their business through Corporate Social…

The Practice of Management By Objective

MBO – more popularly known as Management By Objective, is a term that was first coined by Peter Drucker in 1954 in his book The Practice of Management. The essence of MBO is to define clear objectives within an enterprise, that helps management and employees work towards a common goal. The process involves setting short…

The importance of a PMO (Project Management Office)

If your organization is into offering project management services then sooner or later you would need to setup a PMO (project management office) within your business. A PMO is a department, division or a group within an organization that defines, executes and maintains the standard process and procedures that are related to project management. Project…

Top 5 Tips That’ll Help Your Small Business Succeed

There’s no perfect way to make a business; there will always be an element of randomness involved. Sometimes one worker’s procrastination can bring production to a grinding halt, but on the other side of that coin, the grinding halt might lead to a decade of success. There’s no one-size-fits-all approach that will work for every…

Top countries to start a small business in 2013

Starting and registering a new business is never easy. As a business owner you should have an open mind while analyzing all options, plan long term and always have the flexibility to incorporate in countries that more openly embrace capitalism and new business development. The World Bank Doing business report shows changing trends in the…

“Business-Web-Media”

Small Business Pool is a business BLOG where entrepreneurs and business owners could find useful information, advice, insights, resources and inspiration for running and growing their businesses. Small Business Pool also offers project management and business consulting services to Small and medium enterprises (SMEs). The objective is to partner with clients to deliver customized solutions that create a lasting…

The Howard Hughes Diaries

Howard Hughes, a man who possessed versatile skills and interests: a man who was once considered to be one of the wealthiest men in the world was known as an American business man, investor, aviator, film maker and a philanthropist. Born in Texas on December 24, 1905, Howard showed great aptitude in engineering from an…