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
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
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
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
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.
Start with the primary ones
the reason that
potential customers will connect with your organization, buy your product or service, stay loyal, and, hopefully, become ambassadors of your brand. Coaches show
how, watch their
players practice, and then give feedback. The developer
has a business
goal to find a certain type of property to purchase, in a general location, within finite financial parameters. Modest inflation
can help spur
economic activity, as the threat of higher prices tomorrow may encourage the making of purchases and investments today.