Wednesday, 29 June 2016

Margaret Kronfield - The Daily Responsibilities of a Business Manager

Managing a business is no small task, which is why so many small to medium sized businesses require a business manager to take the lead. Business managers, like Margaret Kronfield, are responsible for directing the talent and resources within an organization in order to advance the goals of the business. Managing a business is becoming more complex, with managers being required to respond to both planned and unplanned issues that might arise.

The core function of a business manager is the planning and organizing of the business. This involves developing goals for the business, designing strategies and allocating the appropriate resources that will help the business advance their goals. The business manager has to be able to analyze both internal and external data that is related to the company’s performance.

A business manager is also the key decision-maker of the business. The decisions they must make are associated with any changes that need to be made within the company. They must adapt both external and internal factors that may impact the rest of the business. Deciding where to use capital resources within an organization is also an important part of the daily tasks a business manager.

Business managers, like Margaret Kronfield, are also charged with supplying all of the necessary information to employees. This includes collecting, monitoring, and reporting any information that may be relevant for the employees to complete their jobs. Finally, business managers must effectively communicate with customers, employees, and suppliers to keep the business running at an optimal level.

Tuesday, 21 June 2016

Margaret Kronfield - Top Ways to Create a Better Business Budget

For a business to be able to fund their operations, expand the business and generate income, it is important for them to incorporate and follow a budget. Without one, a business can run the risk of spending more money than they are making, as well as not spending enough to help the business grow and compete. Having a budget in place is how Margaret Kronfield, BK Enterprise’s company director, has been able to keep the company running and continuing to grow.

While every business has its own process, situation, and way of budgeting, there are several steps that can be taken to create a realistic business budget.
  • While not all businesses are alike, there are some similarities. Check your industry standards to get an idea of what percentage of revenue should be allocated toward cost grouping.
  • Create a spreadsheet that can help you to estimate what total dollar and percentage of the revenue will need to be allocated to raw materials and other costs.
  • While the budget is based on estimating how much revenue you will receive and how much certain expense will cost, be sure to factor in some slack and be sure you have enough money in savings before expanding the business.
  • Shop around for new suppliers to help save you money. This is best done before you start working on the yearly budget.
Budgeting is an essential process that business owners must use in order to forecast current and future revenue and expense. Margaret Kronfield knows that having a solid budget in place is the only way to make sure there is enough money to keep her business up and running.

Wednesday, 15 June 2016

Margaret Kronfield - What You Need to Know to Develop a Business Growth Strategy

It is never easy to turn a small business into a big one. For the last several years, Margaret Kronfield, the company director of BK Enterprises, has been working to develop and grow the selling, financing, and servicing motor vehicle business in Auckland, New Zealand. In order to help a small business grow, there are several things that need to be considered.

The simplest way to grow a company is to sell more of its products to the current customers. This type of market penetration can help you increase your revenue without too much risk. Once you have increased your market penetration, you want to further develop your market. This involves finding a way to sell more of your products to an adjacent market. This can come in the form of offering the products to customers in another city or state. You can also open up an alternative channel to sell your products. If you are a brick and mortar company, you may want to consider selling your products online. If you are strictly an online company, you may want to consider opening up a physical store in the area where you have the most online sales.

Product development is also another way in which you can grow your business. Developing new products to sell to your existing and new companies is a classic business growth strategy that has proven successful for many companies. BK Enterprise’s company director Margaret Kronfield is always looking for new ways to increase the business and is interested in finding new growth strategies to help her.

Thursday, 9 June 2016

Margaret Kronfield - Top Secrets for Project Management Success

Managing a project may seem straightforward, but as Margaret Kronfield, company director at BK Enterprises knows, it is anything but that. It order to manage a project successfully, you need to meet your deadline, remain within the set budget and have the right people working on it. Of course, as a project manager, these things rarely happen. To help you find success, here are some of the top secrets that can help you complete your project successfully.

1.Know the full project details before you get started. Before you begin, it is important to create a detailed project scope. This includes all interim milestones, with deliverable dates, as well as a budget worksheet that outlines the time that is involved in completing the project.

2.Having the right management team in place is essential. You need to make sure the people assigned to the team have the right skills and experience to benefit the project. You also want to limit the number of people involved. The more people there are involved, the higher the risk of losing your grasp on the project.

3.Having regular status meetings will help you to ensure the project remains on track. Keep these meetings short and to the point. Limiting the amount of time that each team member has to talk will keep the team focused on the most relevant details about the past week.

Ensuring a project gets completed on time and under budget can be an arduous task, but with the right approach, it can be accomplished. Margaret Kronfield has been successfully managing projects for many years and knows what is needed to see a project completed successfully.