Start with the primary ones

The lot of the modern worker is too unstable and employment too unsteady to add a new element of uncertainty in wages. With secured bonds, the issuer pledges specific assets as collateral in exchange for cash. You let the customer know your new pricing structure. Barnum uttered at least an half-truth when he said the people liked to be humbugged.

A small leak can sink a great ship

When you treat employees like children who can't think and don't know any better, they act like children and only do what they're told to do. But a good place to begin analyzing the span of control for most organizations is in the range of six to eight. But the good news is that recessions serve as sort-out time (that is, they sort out the weak businesses from the strong ones and allow the strong ones to survive and grow). To have a profitable business, what you really need are 1,000 true fans.

Always deliver more than expected

The good news is that you often don't have to waste time and energy creating an infrastructure ' it's already in place, thereby allowing you, the buyer, to dive right into the business, without having to waste time on the peripherals. Changing conditions are the order of the day, for enlightenment has worked wonders. The #1 most important business tactic required to make a profit is to find and keep customers! You must know this number!

Embrace and Drive Change

The feelings of arm s-length investors may not be so important, but if you mislead them in your plan, you may open yourself up to accusation of misrepresentation. The greatest college on earth is the business world. One easy way to perform this task is to assign someone in your company this responsibility. More than a few small-business owners and entrepreneurial cheerleaders would have you believe that every employee would be happy and financially better off running his own small business.

Success is no accident

But it is better to suffer a loss at one's own hands than to have a competitor introduce a product that takes away those same sales. In other words, what the company is worth if the company is closed, all the equipment and fixtures are sold, all the bills and debts are paid, and every amount it is due is collected. Invite them to ball games or hunting trips with you. Call up your banker, a real estate broker, or one of your customers who owns several investments, and take them to lunch.