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LEAN BUSINESS CLUB |
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INTRODUCTION |
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Lean Business Club represents a growing international network of:
The Lean Business Club's mission is to develop effective lean management tools and to empower its members and associates to succeed in business by using these tools and exchanging essential management information. |
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LEAN BUSINESS CLUB ACTIVITIES
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LEAN BUSINESS CLUB Since additional management training and assistance are provided exclusively to Lean Business Club Members, you are invited to apply for your membership - the first year is free of charge. Once your application is processed, you will be provided with additional information about a broad range of Benefits offered to Lean Business Club's members.
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JOSEPH SHETZEN, B.S. Engineering , Ben Gurion University, Israel Joseph Shetzen is the founder and president of Lean Business Club, Inc., an organization which specializes in developing self-help management programs for entrepreneurs and small business owners. Joseph Shetzen is the author of Lean Business 2100 Management Program and Maximum Performance: The Dow Jones-Irwin Complete Guide To Practical Business Management (Volumes and 2) published by Dow Jones-Irwin currently the McGraw-Hill Companies, Inc. in 1990. Joseph Shetzen also developed a seminar for small business owners titled A Blueprint And Management Checklist Critical For Your Business Success, presented at SCORE/Small Business Administration (SBA) in Los Angeles, California. This seminar is based on a multi-disciplinary approach to business management and provides small business owners with basic elements of the lean business engineering methodology. Joseph Shetzen also developed a Multi-Disciplinary Practical Business Management Program, specializing in integrated small business management and entrepreneurship, and Executive Management Program for CEO's, and taught for many years at UCLA-Extension, Los Angeles, California. Joseph Shetzen has extensive experience as a business analyst, management consultant, and business turnaround expert in over fifteen different industries. He also was a CEO in a manufacturing and construction companies and still has active business interests in several companies. Joseph Shetzen is also an active member of the Association Of Strategic Planning - Los Angeles Chapter. Finally, he has been featured in the International Who's Who of Professionals Directory for several years. Dr. BRUCE A. SAMUELSON - B.S., M.B.A. Washington State University; Dr. Samuelson is a Professor of Accounting and former Chair of the Department of Accounting, Law and Finance at School of Business and Management, Pepperdine University, Culver City, California. DR. RICHARD E. GUNTHER - B.A. Economics, University of Southern California; Dr. Gunther is a Professor Emeritus, Department of Systems and Operations Management David Nazarian College of Business and Economics, California State University, Northridge. DR. CHARLES W. FOJTIK - B.A. Northwestern University; Dr. Fojtik is a Professor of Marketing and former Chair of the Department of Marketing at the School of Business and Management, Pepperdine University, Culver City, California. |
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LEAN BUSINESS CLUB Dear Reader: Did you know that, according to recent statistics from the U.S. Small Business Administration (SBA), there are approximately 27.9 Million Businesses in this country? This includes: • About 21.7 Million small businesses without employees (micro-businesses). • About 6.2 Million small to medium-sized businesses with one to 500 paid employees. • About 20,000 large businesses with over 500 paid employees. Small businesses account for about 60% of the total workforce and contribute substantially to the $16.72 Trillion of the U.S. Gross Domestic Product (GDP). The U.S. Small Business Administration and the U.S. Bureau Of Labor Statistics provide the following information related to small business activities in the U.S. during a 1994 – 2010 period: • About 500,000 to 650,000 new business startups per year. • About 2.5 million to 4.7 million new jobs per year created by new business startups. • About 70% of all small business startups fail after 12 years in business. Here is a question: What is the real cost of business failure in this country? About 43,000 businesses per year filed for bankruptcy during a 1994 - 2011 period. Moreover, according to CNBC: All these numbers translate into an estimated $100 Billion Business Failure Cost Per Year or: • Business Failure Cost Per Day: $273,972,600/Day. • Business Failure Cost Per Hour: $11,415,525/Hour. • Business Failure Cost Per Minute: $190,259/Minute. The high costs of business failure losses in all major business sectors, including small businesses are discussed prominently in the news media. Remember Solyndra? It is surprising, however, that not enough attention has been drawn to main reasons which cause these huge losses in the U.S. to occur in the first place. Here is problem No.1: The majority of people in business don’t have business management education, while the majority of people with business management education are not in business! In business terms this means that every entrepreneur, company president, or CEO must be able to see the “big picture”, know what each member of the management team should do, and when it should be done! Only then, will the business produce "beautiful music" and perform to the satisfaction of its owners. |
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LESSON FOR TODAY: |
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