Profit is the return for the risk you take in business. Courtesy pays. Do they often struggle and fail to do things the way you want them done? Also the maturity or recognition of the PSM function within the organisation matters.
Don?t spend money on Sales before you?ve made it
Common
stockholders elect a
board of directors to oversee the company's management, and are usually paid a dividend if the company is profitable. It
is a document
that tells the story of what you plan to do and how you plan to do it. There
is no better
way to advertise. These
solutions require access
to the resources and activities owned and carried out by other businesses and organisations, particularly customers and suppliers.
Stop chasing the money and start chasing the passion
For
instance, if your
firm is audited by a prominent firm instead of a local one-man accounting shop, then by all means play it up. Leaders
make the necessary
leadership decisions to get results they want. But
remember there is
always room for the right man. Within
this interactive context,
the task of management is to access, develop and exploit particular resource combinations and these tasks can only be carried out by the managers involvement in interaction with others.
You build on failure
You
don't need the
added pressure of problems on the home front. A
small bank can
host networking sessions for their customers to meet, greet, and talk about working together to maximize profits. Wealth-building
assets create regular
positive cash-flow, reduce debt, and are passive instead of needing constant attention and supervision. Detail
how the capital
will be used, and the equity, if any, that will be provided for funding.
Build a plan for follow-up products
A
product description is
more than a mere listing of product features. And
the really successful
ones fall down a lot! Which
means that you
really can make your lack of money go a very long way. Many
customers are
attracted by the talk of their acquaintances, and it is much easier to tell a friend that you bought an article at 'The Hub,' or 'The Sun,' than to attempt the unpronounceable name of a proprietor, or to give a forgotten number.
Pursue Growth and Learning
Most
successful businesses were
started by individuals who had clearly defined vision, purpose, and goals. Take
a stand.
Personally,
I believe it
s good to diversify your income sources and choose more than one way to generate revenue. Transform
your job from
manager to leader by implementing people and leadership systems.