SBANC Newsletter
November 8, 2005
Issue 397-2005
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QUOTE
"I learned that we can do anything, but we can’t do everything.. at
least not at the same time. So think of your priorities not in terms of what
activities
you do, but when you do them. Timing is everything."
--
Dan Millman
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FEATURE PAPER
You Ought to Keep Good Records and Use Them in Management Decisions
This paper was presented by Dorthy Davis and Paul Dunn of The University of Louisiana
at Monroe at the 2005 Association
of Small Business and Entrepreneurship (ASBE) Conference.
Abstract
Experts agree that small business owners should keep and use good
records in managing their business. This paper was designed to
determine the type records kept, the methods of keeping records
and the uses made of the information generated from those records.
Manual system users, about half the respondents, were not as
likely to use their records in managing their business as computer
based system users.
Introduction
Record-keeping in business started in antiquity. The need
to keep records may very well have started when businesses became
large enough so that the owner
needed help keeping track of financial matters or when employees were hired and
needed
to be watched. There is evidence that many small businesses may not be keeping
records
as well as they should and that those who keep records do so only to meet minimal
reporting requirements. They do not take advantage of these records for use in
decision
making, controlling or planning.
The importance of accounting in small business is an
area that has been written about and discussed ad infinitum. However,
there has been little or no research done to determine what small
business owner/owners do in their day-to-day accounting and the use
of accounting software vs. manual accounting. Information provided
by such a study would provide accountants, small business advisors,
professors, and existing small business owners as well as someone
just starting a new business from small business owners nationwide
would be of immeasurable value.
Read the Entire Paper...
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CONFERENCES
National Seminars
Group and Padgett-Thompson
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Who: |
National Seminars Group and Padgett-Thompson |
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What:
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Warehousing & Inventory
Control Conference 2005
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Where: |
Hotel Phillips in Kansas City, Missouri |
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When:
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November 14-15, 2005 |
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Applied Business
and Entrepreneurship Association International
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Who:
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Applied Business and Entrepreneurship
Association International |
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What:
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Second Annual Meeting
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Where: |
Kauai Marriott Resort and Beach Club, Kauai, Hawaii |
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When:
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November 16-20, 2005 |
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The
American Academy of Accounting and Finance
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| Who: |
The
American Academy of Accounting and Finance |
| What: |
12th
annual meeting
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| Where: |
St.
Pete Beach, Florida |
| When: |
December
8-10, 2005 |
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International Business
Information Management Association
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| Who: |
International Business Information
Management Association |
| What: |
5th IBIMA Conference
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| Where: |
Cairo, Egypt |
| When: |
December 13-15, 2005 |
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CALLS FOR PAPERS
Journal
of Small Business Management/College of Business at Florida Atlantic
University
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Who:
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Journal of Small Business Management/College
of Business at Florida Atlantic University |
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What:
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2nd Annual Office Depot Small Business Research
Forum on Small Business and Entrepreneurial Marketing
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Where: |
Ft. Lauderdale, Florida |
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When:
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March 18, 2006 |
Submission Deadline:
November 15, 2005
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IPSI-2006
AMALFI
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| Who: |
Internet, Processing, Systems, and
Interdisciplinary (Research) |
| What: |
IPSI-2006 AMALFI
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| Where: |
Hotel Santa Caterina in Amalfi, Italy |
| When: |
March 23-26, 2005 |
Submission
Deadline:
November 15, 2005 (abstract), January 15, 2005 (full paper)
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Institute
for Entrepreneurship and Small Business Management
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Who:
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Institute
for Entrepreneurship and Small Business Management |
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What:
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8th
International Conference, "STIQE" |
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Where: |
Maribor,
Slovenia |
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When:
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June
28-30, 2006 |
Submission
Deadline:
January 10, 2006
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International
Council for Small Business
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| Who: |
International Council for Small Business (ICSB) |
| What: |
51st World Conference
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| Where: |
Melbourne, Australia |
| When: |
June 18-21, 2006 |
Submission
Deadline:
January 15, 2006
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6th
Annual Hawaii International Conference on Business
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| Who: |
Asia-Pacific
Research Institute of Peking University
& University of Louisville - Center for Sustainable Urban Neighborhoods |
| What: |
6th Annual Hawaii International Conference on
Business
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| Where: |
Waikiki Beach Marriott Hotel in Honolulu, Hawaii |
| When: |
May 25 - 28, 2006 |
Submission
Deadline:
January 19, 2006
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TIP OF THE WEEK
The Market
Audit
Because of the nature of marketing planning, the planner must have
an adequate understanding of many aspects of the organization. The
development of a marketing plan requires an in-depth understanding
of the organization's products and services and the manner in which
customers are processed. Detailed information on existing marketing
activities is needed. Similar information will typically be required
on competitors in the market area.
As a result, the marketing-planning process will typically involve
an audit of both internal and external factors. In performing the internal
audit some or all of the following aspects of the organization would
be of interest:
- Services/products. What are the services provided or products produced?
What are the characteristics of these services and products?
- Customer
characteristics. How many customers does the organization have, and what are their
characteristics? What are the
most pertinent
demographic characteristics? Where do patients reside, and what is
the "reach" of the organization? What is the case mix of
current customers? What are the financial categories of the patient
base?
- Utilization
patterns. What volume of services and products is consumed
by the organization's customers? How does this volume break down by
service line or procedure?
- Pricing
structure. How is pricing determined for the organization's
services and products? How does this price structure compare with that
of competitors and the industry average? How price sensitive are the
goods and services offered?
- Marketing
arrangements. What marketing programs are currently in place,
and how is marketing structured? What type and level of resources are
available for marketing? Are processes in place for internal marketing?
- Locations. To what extent are operations centralized or decentralized?
How many satellite locations are operated, and how were these locations
chosen? Are there markets not being served by existing outlets?
- Referral
relationships. How are customers referred to the organization?
To what extent are there formal referral relationships? How dependent
is the organization on referrals?
| Thomas, Richard K. Marketing Health Services.
Chicago / Arlington: Health Administration P / AUPHA P, 2005.
382-383. |
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ANNOUNCEMENTS
Kauffman
Index of Entrepreneurial Activity
The Kauffman Foundation
and Robert Fairlie (University of California, Santa Cruz) have created
a new measure of entrepreneurship in the U.S. economy using individual
survey data from the Current Population Survey -- the Kauffman Index
of Entrepreneurial Activity. Estimates of entrepreneurship are provided
from 1996 to 2004 for several demographic groups.
Please see: http://www.kauffman.org/items.cfm?itemID=640
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The SBANC Newsletter
is provided as a service to the members of our affiliates: Academy
of Collegiate Marketing Educators (ACME), Association for Small
Business & Entrepreneurship
(ASBE), Decision Sciences Institute (DSI), Federation of Business
Disciplines (FBD), International Council for Small Business Congress
(ICSBC), Institute
for Supply Management, The International Small Business Congress
(ISBC), Marketing Management Association (MMA), Small Business Administration
(SBA), Service Corps of Retired Executives, Small Business Institute
(SBI), Society for Marketing Advances (SMA), United States Association
for Small Business & Entrepreneurship (USASBE), U.S. Department
of Veterans Affairs and Western Decision Sciences Institute (WDSI).
If you are interested in membership or would like further information
on one of our affiliates, please see our web site at http://www.sbaer.uca.edu
SBANC STAFF
Main Office Phone: (501) 450-5300
Dr. Don B. Bradley III, Executive Director
of SBANC & Professor of Marketing
Direct Phone: (501) 450-5345, E-mail: donb@uca.edu
Esther Mead, Graduate Research, E-mail: esthermead@gmail.com
Ashley Ford, Development Intern, E-mail: ASHatsbanc@hotmail.com
Olivia Johnson, Development Intern, E-mail: reneeatuca_2003@hotmail.com
To subscribe or
unsubscribe to the SBANC Newsletter, please E-mail SBANC at sbanc@uca.edu |
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