When starting a business, having an objective in mind can keep you focused and motivated. Utilizing the SMART acronym, you can set specific, measurable, achievable, relevant and time-based objectives that will aid in making your venture successful. Business goals can be set in many areas, such as sales, productivity, profitability and employee satisfaction. These can be short-, mid- or long-term objectives. Productivity Productivity is the ratio of output (goods or services) to inputs (labor, capital and raw materials). It can be measured at various levels and affected by technological advances,…
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