www.1001TopWords.com |
Secret Revealed In The Business Code
? Beginners often rush into business without any planning. ? Unless you do your homework, there could be many avoidable pitfalls. ? You will minimise these pitfalls with careful preparation and planning. ? Some people have very little in the way of formal education, and yet they still succeed in business. ? Opportunity can be found around every corner if you look for it. ? Mention any success story and you will find many more failures. ? Everything in business has a buyer's price and a seller's price. ? Think very carefully before investing money into someone else's venture. ? Help is always available, sometimes from the most unlikely sources. ? In the beginning you should always tread carefully. ? Never rush into things without being aware of potential problems. ? Go for growth when the time is right. ? Catch the pennies and the pounds will float naturally towards you. ? Heed any lessons learned along the way. ? Endeavour to always do your very best for your customers. ? Anticipate any hurdles before they appear and you will take them in your stride. ? Prepare for the future. ? Always set goals and prioritise accordingly. ? Needless spending can destroy your cashflow. ? Desire is the motivation for success. ? Stars, and astrology are irrelevant to your success. ? Evaluate your competitors strengths and weaknesses. ? Liberate yourself from negative thinking and embrace the positive. ? Letting things get out of control is a recipe for failure. ? Improvement should be a continuous process. ? Test your market, adjust, and then test again. ? Adjust your outlook to take in the long term without neglecting the here and now. ? Take the time to give praise where it is due. ? Accept the outcome of experimentation and learn from the results. ? Problems do not exist, only challenges and opportunities. ? Reliability should be built in to everything you make and do. ? Obvious is not necessarily correct for every circumstance, but must not be overlooked. ? Forge ahead and embrace each new day as the gift it surely is. ? Inside every cloud is a silver lining. ? There is a message hidden in this very text that reveals the secret to many a successful business. Tony Williams is a musician, writer, and self confessed eBay fanatic. Follow his ongoing quest to find ways of making and saving money online at http://www.myrichpickings.blogspot.com
|
RELATED ARTICLES
The Term Sheet?s Role in Raising Venture Capital Entrepreneurs and companies who are seeking venture capital often negotiate with one or more venture capital firms on a number of important issues. These issues include the amount of capital to be raised, the investment terms, etc. The document which summarizes these terms is known as a "term sheet." An Entrepreneur Is An entrepreneur is an innovator. She sees a need in the marketplace and creates something new to fulfill that need or improves upon an existing mechanism that already fulfills that need. The Magic of Thinking Small Hey! Oil Change Guys History; Part II Franchise companies are not born they are made and when studying the history of franchise companies, it is amazing how similar they really are. To continue this story we are in the height of the Dot Com Bubble with money flowing in Silicon Valley and personal services and labor is at a premium indeed; Vendor Relations Communication is the key to vendor relations. In your small business, you will be in need of many products and services. Unfortunately, not every company that provides these products and services will have their act together as much as you do. You, as a small businessperson, were able to carefully study each purchase because it was your money. You knew exactly when, where, how and at what price you were willing to partake in those purchases. Not all vendors you deal with will have such savvy folks working for them. Differentiation Strategies for Franchise Companies With the growing number of franchise offerings recently it is difficult for the smallest franchise companies to compete. They generally do not have the advertising budgets to pick and choose which markets the franchise prospects will be calling from. Many rely solely on Internet Marketing; unfortunately 80% of such leads are not so good. On top of this obstacle they must compete with sales departments of larger franchise companies, which have lots of experience. Oil Change Guys History; Part III Studying the history of franchise companies is interesting is watching all the ways they grew and all the partnerships, vendors and mergers along the way. It is a myriad of deals and team building, which makes it all possible. Continuing Part III of the saga: Competitive Edge In his book, The Road Ahead, Bill Gates of Microsoft writes of "friction-free capitalism" made possible by developments in communications, chief among them the Internet and its World Wide Web. In this context, "friction" is everything that keeps markets from functioning as the "perfect competition" of economics textbooks. This friction can be a function of distance between buyer and seller, costs of overcoming this distance, and incomplete or incorrect information. Coating Service Business Case Study There are many coating businesses in the market today, but have you ever asked yourself how one gets into this line of work? How they are formed or what prompts someone or some entrepreneur to go out and start a business to fill this niche? Well this is an interesting case study that shows how we became interested in this industry from a sub market of the coating business; Spray in Bed Liners. Our company is in the auto detailing business, www.detailguys.com and we often service auto dealerships. Our customers need service for spray in bed liners for the pick-up trucks they sell. So we looked around at all the possible Biz Op companies doing this and the franchises too. Could a Non-Profit Structure Be Right for Your Business? If you have a business idea, or an idea for a servicefor your community, there's one decision you must makeearly on: are you going to structure your project as afor-profit business, or as a non-profit corporation? Developing A Contract As a service provider, the most important type of "boundary" you can set as a business owner involves those policies and procedures that govern how you interact with your clients. The more precise you can be about the services you provide, your fee structure, and what you expect from your clients, the smoother your work relationships will be. And the most effective way to make sure that each party involved understands these policies -- and that there is no confusion -- is to have each client read and sign a written contract. Starting Your Business: It All Boils Down To Making Money and Saving Money Bootstrapping in the context of business start-ups refers to the use of creative financing approaches such as leveraging personal savings, credit-card debt, loans from friends and family, bartering, and other means to launch a business. Some business founders use bootstrapping because they have no other choice. Just about anyone who has approached a bank has learned that "only established businesses need apply." Bankers typically look for cash flow, assets, an established customer base, and a successful track record on the part of the business that is seeking a start-up loan. Obviously, this is a short list that is impossible to fulfill when you are just getting started. Lets Not Forget About The Little Guy Every business has to start somewhere. What truly makes this country great is the freedom of enterprenuership that every one of its citizens have. Capitalism at its best signifies the power of a single person to reach monumental goals and turning a simple idea into a huge corporation. But in our pursuit of this glorified state, have we snubbed the little guy? Adding a Service After You Buy a Business When you buy a business, you should have a plan. Why have you chosen that particular business? Why that particular time to buy a business? What can you bring to the business? Some of the most successful business stories are of people who buy a business with the intention of bringing their specialized set of skills to it, and using them to grow the business. An Entrepreneurs Biggest Cost When launching a new product or company, an entrepreneur must consider their biggest cost - the opportunity cost. Opportunity cost is an economic term that is defined as the cost of passing up the next best alternative when making a decision. For instance, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose for which the asset could have been used. In the entrepreneur's case, this asset typically includes the entrepreneur's time and money. Do You Want to Just Survive or Thrive? (Part 1) You've probably heard this, or maybe you will relate to this personally. Have you ever arrived somewhere and wondered, "How did I get here?" or "Why am I here?" Can You Make Money Without Money? When I ask why you don't start your own business, I always hear, "I don't have money to start a business." Chairman Greenspan and the FED, learn more you will be glad you did So many people work their whole life to make money, but they know so little about out monetary system. They know so little about the Federal Reserve Bank and so very little about the brilliant minds, which make it all work. To get a better insight to the behind the scenes strategic planning and the intense thought which goes into making it all work I recommend you read a few books on the subject. Let's start on an easy one for your on-going education as an Entrepreneur; I recommend you first read: An Entrepreneur and a Life To Be Remembered I was reminded of my own mortality today. I guess you can say I had a near death experience, though the death I experienced was not my own. How To Get More Clients and Customers; Dont Sell Be of Service Whether you are just starting your business or focusing on growing it, I'm sure you are like most small business owners you are looking for ways to get more clients and customers. There is a lot of information out there on selling, persuasion tactics, and gimmicks to get people to buy. I am suggesting a radical shift in perspective when thinking about the question: How do you get more clients and customers? |
© Athifea Distribution LLC - 2013 |