Install accurate pricing systems. Depending on your industry and the software you are using, it may be in your best interest to utilize graphics to enhance the presentation of any business plan. As the weak businesses disappear, they leave in their place an opportunity for newer, stronger competitors to surface. To make people a priority, keep a chart for every employee and make sure you meet with them two to four times a year.
you yourself in
contact with your customers count for more than anything else. Effective businesspeople
must make decisions
on the fly, and must learn when to trust and mistrust their rational and intuitive capacities for judgment. Make it
your goal to
seek one wealth-building asset within the next six months. Your deeds
have lasting impact,
not your stuff, power, position, or busy schedule.
Be Direct with your Customer Service
instructors when introducing
new or technical subjects. When I
wanted to fix
my business I tried everything, including reading trade magazines, attending seminars, getting active in industry associations, hiring coaches and consultants, listening to tapes, and reading books. You are
not only interested
in what the final selling price is; you are interested in how much of it will find its way back to you. EDUCATED ENTHUSIASM.
Don?t spend money on Quality before you?ve made it
are answering letters
for the firm, answer them briefly but completely. Many business
owners complain about
working too many hours. A brand
extension is the
introduction of a known brand into a new product category, such as when a clothing designer begins offering a line of shoes. Is your
company operating at
full capacity, but missing a few parts and held together with duct tape?
Make a profit every month
is like the
larger goal or dream behind your business the optimal desired future state. Your job
is to explain
what's expected and then provide feedback regarding their progress. The only
way you can
grow your business is to take personal responsibility for creating customer relationships and profitable revenue. When you
finally get your
company organized, systemized, and making a great profit, it's a lot of fun to be the owner.
Don?t wish it were easier; wish you were better
marketing can include
taking your top ten customers to lunch or a ball game, manning a booth at an industry trade show, speaking at a conference, sending helpful articles or brochures to your mailing list, sending thank you cards and customized gifts to loyal customers, or sending a monthly top-ten business tips list to your e-mail newsletter subscribers. If you
don't know your
direct cost numbers, it's next to impossible to ever make any money! And the
really successful ones
fall down a lot! Note that
when Ramit refers
to online courses, eBooks and other information products also qualify.The downside of freelancing is that even if you are location-independent (can work from home or anywhere), you re still trading your time for money.