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Member You - Ya' Know What Yur Doin' Thar? If You Don't Know the Nuts & Bolts of Your Business, You Might Stumble
What business is just an Idea? Have you thought about what a business is. It is a idea. This sounds strange but I believe that it is true. Hears how. Before you start a business you get the idea. Before you get staff to work in your business they get the idea. Before your customer buys something they get the idea.So the long and the short of it business is an idea. And you sell ideas. Whether it is to buy a computer or a fan. The customer and you need to have the idea that you can
The first step in considering a new business is to list and evaluate your assets AND LIABILITIES. Any short comings must be rectified (fixed) before you get too involved.
Home Business Tip: Don't jump too quickly into a new deal if you lack knowledge of the required everyday operations
A Tippy from Flippy: Find the information you need by simply asking those in the business. Also go to local, state, and federal agencies to learn more. And don't forget the Chamber of Commerce an
The past few weeks have presented nothing but bad news for the formerly world leading American automobile industry. Henry Ford must be rolling over in his tomb. Alfred Sloan, the architect of the multi-division General Motors juggernaut, is a very sad “car guy” in the sky these days. Plant closings, huge employee layoffs, lost market share and horrid fiscal performance indicate that the “big three” (including Daimler-Chrysler) are in big trouble. They must change, and change is not pleasa
While the Greek family was waiting for Frank to take over, they changed the way they did business. In the past, they had watched every penny and kept the local school kids in order as to not bother the other customers. At the end, they gave out free ice cream and relaxed their operation. That was their way of saying "goodbye."
Frank took over and I think that maybe he thought the school kids and those playing the pinball machine were his main source of income. Gambling was illegal, but Frank paid out in cash for the number of games won. Cheating was easy as ABC, so Frank often lost.
The store lost money by people stealing, Frank being too generous, and the fact that older customers went up the street a few blocks to another drug store.
Frank had to sellout.
Frank started an automobile repair shop next. He hired a mechanic and sat at his desk waiting for customers to come in. He might have made it if he had been a mechanic himself. He was not a mechanic and the mechanic doing the work could not bring in enough income to pay them both.
Frank's plan was to have a several mechanics to support the operation. Too little business and Frank's lack of knowledge in automotive repair done him in. He was broke and would have to find a job working for somebody else. I don't know what happened to Frank after that, but I'm sure it was not in fulfilling his dream to run a profitable business.
When I was a kid, I watched several businesses started just after WWII fail in our neighborhood. The problems were not always in not knowing the business fundamentals. Often, it was just underestimating the market. But businesses fail everyday of the year because of a lack of assets. Those who start businesses know this. What some of them don't know is that:
"Assets are Not Only Financial".
"An asset is something of value. Something detrimental is a liability. A lack of knowledge is a liability.
The first step in considering a new business is to list and evaluate your assets AND LIABILITIES. Any short comings must be rectified (fixed) before you get too involved.
Home Business Tip: Don't jump too quickly into a new deal if you lack knowledge of the required everyday operations
A Tippy from Flippy: Find the information you need by simply asking those in the business. Also go to local, state, and federal agencies to learn more. And don't forget the Chamber of Commerce and
Each year time pressed small business owners spend hundreds to thousands of dollars in the marketing activity known as networking. This activity has multiple purposes including: To gain the attention of prospects To expand potential prospects’ list To build relationships with prospects To secure referrals Bottom line to increase sales However, when looking at the use of resources employed to network through local c
Frank took over and I think that maybe he thought the school kids and those playing the pinball machine were his main source of income. Gambling was illegal, but Frank paid out in cash for the number of games won. Cheating was easy as ABC, so Frank often lost.
The store lost money by people stealing, Frank being too generous, and the fact that older customers went up the street a few blocks to another drug store.
Frank had to sellout.
Frank started an automobile repair shop next. He hired a mechanic and sat at his desk waiting for customers to come in. He might have made it if he had been a mechanic himself. He was not a mechanic and the mechanic doing the work could not bring in enough income to pay them both.
Frank's plan was to have a several mechanics to support the operation. Too little business and Frank's lack of knowledge in automotive repair done him in. He was broke and would have to find a job working for somebody else. I don't know what happened to Frank after that, but I'm sure it was not in fulfilling his dream to run a profitable business.
When I was a kid, I watched several businesses started just after WWII fail in our neighborhood. The problems were not always in not knowing the business fundamentals. Often, it was just underestimating the market. But businesses fail everyday of the year because of a lack of assets. Those who start businesses know this. What some of them don't know is that:
"Assets are Not Only Financial".
"An asset is something of value. Something detrimental is a liability. A lack of knowledge is a liability.
The first step in considering a new business is to list and evaluate your assets AND LIABILITIES. Any short comings must be rectified (fixed) before you get too involved.
Home Business Tip: Don't jump too quickly into a new deal if you lack knowledge of the required everyday operations
A Tippy from Flippy: Find the information you need by simply asking those in the business. Also go to local, state, and federal agencies to learn more. And don't forget the Chamber of Commerce an
High-power direct-sales companies always have a very clearly defined sales process because using it makes a great deal of money. I know because I've worked for five of them.The men and women who make up the sales force are given clear instructions on what they have to do. If they carry out what they have been taught, both they and the company make a lot of money. The systems are reliable. They have been developed and refined, usually over many years.Each phase of the operati
Frank's plan was to have a several mechanics to support the operation. Too little business and Frank's lack of knowledge in automotive repair done him in. He was broke and would have to find a job working for somebody else. I don't know what happened to Frank after that, but I'm sure it was not in fulfilling his dream to run a profitable business.
When I was a kid, I watched several businesses started just after WWII fail in our neighborhood. The problems were not always in not knowing the business fundamentals. Often, it was just underestimating the market. But businesses fail everyday of the year because of a lack of assets. Those who start businesses know this. What some of them don't know is that:
"Assets are Not Only Financial".
"An asset is something of value. Something detrimental is a liability. A lack of knowledge is a liability.
The first step in considering a new business is to list and evaluate your assets AND LIABILITIES. Any short comings must be rectified (fixed) before you get too involved.
Home Business Tip: Don't jump too quickly into a new deal if you lack knowledge of the required everyday operations
A Tippy from Flippy: Find the information you need by simply asking those in the business. Also go to local, state, and federal agencies to learn more. And don't forget the Chamber of Commerce an
A colleague flew in to town for a visit. Being recovered coffee-holics we backslid and went searching for morning coffee. In days past we would instruct the waitress to leave the pot, bring two bowls of creamers and when she wasn't looking we'd swipe sugar-packs from adjacent tables because our packets always disappeared.I will never forget the time I drank fourteen cups during a late dinner we had. I was trying to prove I could keep up with my colleague. On the way home, my car ha
When I was a kid, I watched several businesses started just after WWII fail in our neighborhood. The problems were not always in not knowing the business fundamentals. Often, it was just underestimating the market. But businesses fail everyday of the year because of a lack of assets. Those who start businesses know this. What some of them don't know is that:
"Assets are Not Only Financial".
"An asset is something of value. Something detrimental is a liability. A lack of knowledge is a liability.
The first step in considering a new business is to list and evaluate your assets AND LIABILITIES. Any short comings must be rectified (fixed) before you get too involved.
Home Business Tip: Don't jump too quickly into a new deal if you lack knowledge of the required everyday operations
A Tippy from Flippy: Find the information you need by simply asking those in the business. Also go to local, state, and federal agencies to learn more. And don't forget the Chamber of Commerce an
Comparison shoppers are the mortal enemy of pay-per-click (PPC) advertisers. When you're paying each time someone clicks your AdWords (or other PPC) ad, the last thing you want is a person determined to visit every site to find the best price, the closest location or the most secure guarantee. But, with many categories of products or services, it's bound to happen. There is a way to eliminate many of the lookers, however.When you qualify your AdWords leads, you can reduce the cl
The first step in considering a new business is to list and evaluate your assets AND LIABILITIES. Any short comings must be rectified (fixed) before you get too involved.
Home Business Tip: Don't jump too quickly into a new deal if you lack knowledge of the required everyday operations
A Tippy from Flippy: Find the information you need by simply asking those in the business. Also go to local, state, and federal agencies to learn more. And don't forget the Chamber of Commerce and local financial institutions.
Keeping Up with the Jones': In business, it's best to stay ahead of the Jones. Taking care of every aspect of the business will do the trick. But if you slack off, you Will slack off!
Fiddle Dee & Fiddle Dum: Did you write a good business plan, one you are proud off? Tear it up and write it again. When it doesn't look so great because you have identified all of the risk, then you are on your way to either resolving the risk or dumping the project. That is what a business plan is for.
Can't Ya' Get Goin'?: Must be too small a carrot. Start over!
All Things Come: It's not always what you have in your pocket that brings you success, it is wisdom to recognize your assets and liabilities.
Life Success Quotation: Great men sometimes end up in the gutter. Some get up and get going again. Others give up and die in oblivion. The difference is in recognition of ones own capabilities and opportunities.
Business Success Quotation: Seek the advice of others, but you must evaluate the speaker. If you don't, you may be led astray. The answer you have been looking for may not be the right answer. Push on!
From the Eye of the Potato: You need to know the details of your business to succeed.
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