Business Strategy

Strategic planning is a process. It helps you to document and establish a direction for your small business. Strategic planning allows you to define your business's mission, vision, and values. A well-formulated business strategy can play an essential role in your company's growth and eventual success as it tells you and your employees how to respond to challenges and opportunities.
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Co-author for Better Work Product with Office365

Business Strategy

Within any business, there is a division of labor and each job requires a specific set of skills. While one employee may have a vast knowledge of computer software and programming, they may not be able to write a good report. And, the person who has the best writing skills may not know enough about computer software, sales, order fulfillment, or other areas of your business to write an accurate report. But, these folks can co-author for a better work product with Office365.

A great feature of Office365 is that by using Office and OneDrive or SharePoint, several employees are able to work together. These folks can work together on documents in Word, spreadsheets in Excel, or create presentations in PowerPoint. This is what co-authoring is all about.

This feature of Office365 can help your staff avoid errors caused by poor communication because they are all able to focus on the same task at the same time. And, everyone is able to see the content that the other is generating. Suggestions fly back and forth, a consensus can be achieved, and a better work product is the result. How does this happen?

Requirements for Setting up Co-authoring

First, Office365 lets you set up a shared storage area. A storage area can be a SharePoint Server, SharePoint Online, OneDrive for Business, or OneDrive.

Second, you will need applications that support co-authoring in PowerPoint, Word, Excel and Excel mobile applications. These all support co-authoring in Office365.

Third, the documents on which your employees collaborate or co-author all need to be “co-authoring friendly.” These file formats are .docx (Word), .xlsx (Excel),and pptx (PowerPoint). Office365 supports all of these.

Fourth, you will set up permissions to access the documents on which you want people to collaborate and those on which you want to grant permission to edit. All co-authors will have permission for access and editing.

Office365 supports co-authoring online or via linked workstations. You will find support documents to help with the various facets of collaboration and co-authoring. These include:

• Real-time Word document co-authoring

• Collaboration on the preparation of, or reading information in, Excel workbooks

• Co-authoring of presentations in PowerPoint

• Collaboration in OneDrive on Word, Excel, and PowerPoint

• How to co-author and share a PowerPoint for Mac presentation

• How to collaborate on and share files in Office for Android

• Help in using OneDrive on iOS

Easy to Set Up and Easy to Use

Upgrade to Office365 and get the best use of the various skill sets of your employees. Collaboration and co-authoring of reports and other work products reduce errors and improves efficiency. But, to do this, you need a software platform that ties together all of the various devices and users in a cost-effective and efficient manner. That is why you want to upgrade to Office365 to take advantage of all that it can offer.

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Profit First Strategies helps business owners experience profit.

Small Business

Running a small business can be very rewarding and profitable. And, running a small business can be difficult as you deal with all of the details. In our Small Business section our aim is to help you put things in perspective, learn to do the most important things first, and find the hidden costs that sap your profits and your strength. Small business sales can be strong but your small business profits may not be. Read our articles in this section for help in avoiding small business pitfalls and realizing growing profits.
Profit First helps you experience profit.

Business Strategy

Strategic planning is a process. It helps you to document and establish a direction for your small business. Strategic planning allows you to define your business's mission, vision, and values. A well-formulated business strategy can play an essential role in your company's growth and eventual success as it tells you and your employees how to respond to challenges and opportunities.
Ronald B. Allen
CEO, Profit First Professional, Fix This Next Founding Advisor
Principle of an accounting firm that’s committed to educating business owners on their financial health, providing a trans-formative strategy and helping them experience their profit!